MILLENNIALS WILL NEVER OWN A HOUSE
>tfw marrying into a family that has multiple SF properties
buying a house is for losers, just wait for your parents to die or marry someone whose parents have a house idiot.
>multiple SF properties
are you marrying a jew
That means the fuckers will migrate east like a plaque of locusts looking for cheap housing.
I would rather be houseless than be a retarded normalfag slave. Log cabin master race reporting in.
Inheritance taxes mean you can't get a free house.
Jewess*
You misspelled generation Z, OP.
What? Yes it does.
>Estate Law 101 pls
>Become debt slave to over inflated asset prices due to banker bailed Quantitative Easing and low interest rates.
Gonna crash.
>soon
That’s alright I’ll just inherit my parents house. Dad paid off the mortgage and they have a spare vacation house
I own a house.
Do I know you?
t. have 3 SF properties, used to have 4.
Asian here
they just dont have to live in SF
>economy does well
>living standard goes up
>people want nicer houses because what they're used to isn't good enough
>repeat until housing crash or Great Depression 2: electric boogaloo
No
Probably not, how would we figure it out...
Or you could just not to live in San Francisco or New York. It's unreal how Lefties think they are the only millenials. They are such self centered shit cunts it makes me fucking sick. I can make a down payment within the next 18 months if I don't go out for a really nice home in my area in Taxachussetts.
does the People Republic of China approve of you owning western property and not returning to you homeland to give power to glorious communism?
Are you married yet and does your name start with an E?
I'm not Chinese and I'm a hapa
You rent your land from the government
I watched this documentary about Chinese kids who left China and didn't work for the communists that just wanted to be American. There was this 18 year old kid who was doing JROTC and was preparing to enlist as soon as he graduated and something happened with the family he was staying with as well as his VISA. The look of total loss in his eyes was devastating. He said "I won't make it if they send me back, I tried to join the American military, that will be it for me" or something along those lines but it was deep.
the current generation has no option but to live on cucksheds or poor neighborhoods
and then people wonder why the birth rate is so low
>lol you can't buy a house they're all millions of dollars
>*in san francisco, orange county, and new york city
>please ignore that gigantic mansion-tier homes ANYWHERE ELSE are only around $350,000 and a modest normal home will run you only 200k or so while a nice condo can be bought for around $60k even in larger but not immense cities in nice neighborhoods
Millennials will indeed own homes. However, they will take their skills and industries and leave that lawless, leftist hell hole behind. Let's remember how the economy has changed historically. It used to be that land ownership and improving land's productive capacity was the means to wealth creation. Land, of course, was and is entirely stationary. Then manufacturing and the means of producing goods became the means of wealth creation. Factories and the like are difficult to move, but eventually we figured it out. Today the means of wealth creation is entirely within one's mind, at least in the industries that are most aspirational such as tech. The knowledge is entirely stored in one's own mind. Minds cross borders effortlessly and are the most dynamic and volatile source of wealth creation we've ever seen.
and property taxes will ensure that you will lose that house
>log cabin master race
um no
>would rather not be slave
i approve of this
normalfags do not exist though
>This one place is really expensive
>Millennials will never own a house
You Americans have no idea how good you have it. Houses are still affordable in places that don't have outrageously inflated prices like SF. In the UK, not only is the average house price more expensive, but salaries are 30-50% lower on average as well.
FREE LAND available at this town. Never been there but they seem to give a shit about themselves. There are always opportunities.
you don't say why though user: millenials won't own a house because millenials are neets who don't work. don't play the victim for our fuckery here: you know very well the faggot soy boys who still waste their money on vidya and new cell phones every other week will never get a house because they are terrible with their money. don't include me with that slime please. dear fellow millennial: get out of the way.
oh my sweet summer child
blah blah, fiat money, blah blah taxes, blah blah
Get out of California. If you are white move to the midwest. If you aren't white kill yourself.
>Putting stake in California in any form
No, I am not E.
But I'm glad E is getting some sexy 415 property as well. Everyone should really get in on this, there's lots of people to marry in San Francisco.
only retards buy houses anyway.
live with your parents, save money, borrow their car, take care of them when they get old, then enjoy your new house and car both already paid off.
>there's lots of people to marry in San Francisco
And there's a reason they're single
>What is Prop 13?
GTFO you disgusting non-Californian.
t. loser
Who needs a house in San Francisco when you can just live downtown rent free?
A lot of us come from hippie boomers who had absolutely zero assets. We won't inherit shit and have to start from zero, in addition to taking care of them when they get old. I make 70k per year and am seriously considering just buying a trailer at this point.
You know not everyone has parents right?
Why doesn't San Fransisco build more high rise apartments?
Just buy a house somewhere cheaper. FYI you only need to put down 20% of the purchase price to actually live there and own it and get a mortgage. You can pay as low as 2.5%, but you'd have to pay for private mortgage insurance every month if you do that.
Wtf, what are you spending your money on?
Earthquakes I guess you are implying, but they don't build them anywhere else either. USA seems determined to not build anything new like Asia and instead just keep using the same increasingly scarce old-ass micro-buildings from the late 1800's early 1900's
>not being able to afford a 1.6 million house
Fucking poorfags in this thread SHIT.
Saving, but DC metro are costs a lot and I'm tied here for my job. Need 500k for a house, 300k for an apartment.
You'll be lucky to get $6 dollars for a house in California after the beaners take over within the next 15 years.
there is a lot of people that have STDs in san franshitco as well
no thanks, not moving to a place where hepatitis on the sidewalk is the norm.
Concrete underground reporting in
to afford that house comfortably i would say you need 300k a year
They're running up high-rises in Nashville at a record pace, and I wonder how well they'll survive another big flood like the one a few years back. They CAN'T be giving those footings enough time to cure; sometimes there's less than a week between a foundation pour and the start of abovegrade construction.
>tfw my boomer grandpa sold his parents property in san francisco to feed his mkultra drug addictions
>tfw will never get to kick out some liberal arts feminist as she cries and begs because she cant pay rent, offering to give me succ until she gets more money from her parents, only to have her offer refused
just bought a house, feels good man
That's over 2 million leaf bux
where/how much
and on what income
Did you ever see that house hunters episode where the American girl was engaged to that British dude and he was a total numale? She wanted to live in Florida and he wanted to live in a split home. The house in Florida she wanted was close to her family, 4 times as big or something along those lines, had land, 20 minutes from the beach and was less expensive than the house the British guy wanted in England. I have a feeling their relationship didn't work out.
Britfags are always cucks, they cant carry butterknives and have scooter gangs instead of motorcycle gangs
>Florida
He was probably right, meth addicts, blacks and lots and lots of Latinos. Entire state is just LA 2.0 now
>This is the col the STEMposters who brag about their salaries live in...
So is every other state with jobs...
Do you American just wonder around the streets with butter knives then?
There is a difference between living with your parents because you are incapable of living alone and doing so to save money for the future.
If you won't inherit shit then don't even take care of them. They didn't care about your future and failed as parents.
Someone without parents of any kind is extremely rare. Even hood rats typically have one parent.
Who gives a fuck. Im just gonna shoot myself in the face anyway
Waiting for the Calicrash and for California to be Detroit 2.0
I live in a trailer even though I can afford a house. I don't need that much space and I'm sort of a minimalist so it doesn't bother me.
Funny story though, i have a swastika hanging up in my room but I have black drapes so no one can see in from the outside. The last girl I brought home from a bar fell asleep on my couch but in the morning I forgot to shut the door and she clearly saw it because right when she walked out she called me a fucking meth head racist loser. Funniest shit ever.
>t. asian mutt
this is unsustainable though. wages are still stagnated and jobs are going away so i guess everyone will just be homeless.
if you put the property into a trust, then you can avoid most taxes, user. Speak to any probate Jewish lawyer
Exactly. Fucking poor cucks Jesus Christ.
No it doesn't. You have to pay the full capital gains @ 25%
>A lot of us come from hippie boomers who had absolutely zero assets. We won't inherit shit and have to start from zero
This.
My father blew his inheritance buying a second home and then selling it at a huge loss right after the 2008 crash and my mom's still unemployed after 5 years just living off of her inheritance.
Enjoy your time in jail for rape Adolph.
>we're descending back into fuedalism and we're proud of it
I don't have anything witty to even say to that
I bought my first house at 19. Feels good being white in the heartland.
Born in 1992, I currently own two houses until my old one sells. I dont have problems paying the bills and nothing was handed to me.
Why not build your own holy shit
>>people want nicer houses because what they're used to isn't good enough
Blatantly untrue.
The influx of immigrants seeking a better life, not to mention pressure placed by the currently landed to ensure more building doesn't happen in their area, means the PRICE OF THE LAND IS GOING UP
San Francisco has went bust multiple times in its 160 year history.
Silicon Valley is a modern 1848 Gold Rush.
>1840s SF crazy expensive
>1880s SF is affordable
>1905 SF is super expensive
>1906 SF hit by earthquake, takes decades to recover housing affordable
Dont have such a narrow view REMEMBER THIS, DETROIT was once the industrial center of the world (many people still alive today remember this), it is now one the cheapest crime ridden cities in all of america.
Stuff changes, and often VERY FAST, and no one really sees it coming.
You’re a dumbass if you take care of them when they are older. Let them live off SS don’t give them a dime
from January 2000 to July 2006, during Bush NWO leader's Housing Bubble, home prices surged 900%
Avg price of house around 1998 before globalisation and free-trade went full swing
>$180k in NYC (boros)
>$170k in SF
>$150k in LA
>$120k in DC
>$140k in Sydney
>$120k in Melbourne
>$140k in Toronto
>$130k in Vancouver
>£50k in London
Avg price of house after 2004 massive free-trade/open-borders
>$800k in NYC (boros)
>$1m in SF
>$600k in LA
>$500k in DC
>$900k in Sydney
>$700k in Melbourne
>$600k in Toronto
>$1m in Vancouver
>£1m in London
---------------------------------------------------------
before free trade:
>domestic production of goods
>goods were affordable and of high quality
>lowest cost of living
>affordable housing (house costs only 2 times the annual salary)
>90% white
after free trade:
>homeless/opiod/suicide epidemic/white genocide
>unemployment
>highest cost of living
>unaffordable housing (10-20 times the annual salary)
>plummeting life expectance
>shit quality products that kill you
>millions of illegal shitskin locusts invading and killing whites
www.thepeoplehistory.com/1960s.html
1940:
The average family income: $2,000
The average car cost: $850
The median home price: $4,000
1950:
The average family income: $3,300
The average car cost: $1,510
The median home price: $7,000
University of Pennsylvania annual tuition was $600:
Home price / income = 2.2
Car cost / income = .45
Tuition / income = .18
1960:
The average family income: $5,300
The average car cost: $2,000
The median home price: $12,000
1970:
The average family income: $9,000
The average car cost: $3,000
The median home price: $18,000
1980:
The average family income: $18,000
The average car cost: $5,000
The median home price: $55,000
1990:
The average family income: $29,000
The average car cost: $8,000
The median home price: $120,000
1999:
The average family income: $40,000
The average car cost: $16,000
The median home price: $130,000
2010:
The average family income: $42,000
The average car cost: $20,000
The median home price: $280,000
2017:
The average family income: $48,000
The average car cost: $30,000
The median home price: $380,000
Bought one before the bubble and one after with my internet money. Now i have 3... But id trade everything for a log cabin in Alasca
How about this log cabin I'm renting on Bowen Island?
>DC metro
So you want to live in perhaps the highest concentration of secret society and satanic pedophiles?
That city is like invasion of the body snatchers. At any moment I'd expect them all to point at me and scream.
That looks amazing, user. Log houses are comfy-tier.
>somehow paying short term gains on an inherited house
i hope you don't file your own taxes
Fucking Q boomers.
You take that back.
This is more or less true.
The good news is this was created so it can be reversed.
That is, there is no material resources shortage facing the united states.
If this country over the next 20 years said affirmatively absolutely no more immigrants, put an iron hand on drugs coming into the country, mandated birth control (injection provided at school) for poor people receiving public assistance. This country could put everyone in a nice home, in no time.
Seriously, its absolute horseshit how this country has been sold. It as simple as closing up the doors and turning inward. We have nothing, absolutely nothing to gain from dealing with other countries.
God did bless america, it is a huge nation from sea to shining sea, there is absolutely no reason we have to deal with anyone else. Free Trade and "comparative advantage" is a bullshit meme. The only people who benefit are those in the other countries, and a small handful of people who 'reside' in this country.
Meanwhile...
>Bowen Island
>Opens Google maps and streetview the Island, browse around then decide to drop into a random neighborhood in Vancouver.
This is Nancy Pelosi’s house. Say something nice to her.
I’m a millennial living in California that owns a house, get at me
Lol median property tax is > GDP per capita.
dont worry most boomers i know are fucking miserable.
They either whine about their adults kids not being successful AND the best, the ones whose adult kids are 'successful' but those successful kids cant stand their boomer parents and having nothing to do.
I've seen younger peoplefrustrated, disillustioned, jaded, and cynical but they are not miserable like the boomers are.
Honestly younger people should give themselves more credit, most ones i see are super resilient, they know their situation is shit but they keep going and still seem to have more fun.
California is a big ass state, some areas are dirt cheap. In fact, only a small portion of Ca. is expensive.
The southern 150 miles and 30 miles inland.
and
40 miles inland from the bay in every direction.
Oh and yeah, i think you mean
>you AND the BANK own a home.
bait? Dude, its the land plus permits that make a home expensive. The building part is insignificant in the grand scheme.