Real estate bubble

Another uneducated post. Stop using talking points form years ago. "China" updated rules on sending money out of the country. It's like $14000 now, not $50,000 and not the unlimited that it was before.

Chinese millionaires were buying lots of property in the US but now something else is going on because the Chinese simply cannot transfer the money anymore necessary to buy homes. chinalawblog.com/2016/03/getting-money-out-of-china-the-reality-has-changed.html

Basically China got sick of all the capitol being shipped right out of the country to the rich's children's homes and foreign investment. They want the growth and tax dollars in China. Their investment in the US has never been lower.

That's been true all of 2018. So try again.

Their debts are mostly insured by the government, and they have to pay. They can even get garnished wages from you. The reason the college debt bubble is just growing like crazy is because they are supposed to be very safe for the above reasons. They get to enslave the students to the debt, and if they can't pay it off the government has to. Win-win for lenders.

>We're not in a bubble because people are still buying houses outright, in cash, despite the massive spike in price. This is overwhelmingly due to economic expansion in China, in which rich Chinese people make a ton of money in the booming economy but don't trust that the good times will last forever, so they get their money out of the country by investing in American real estate (among other nations' real estate, from Australia to New Zealand to Canada, in particular Vancouver). In order to lower prices, Trump would need to prevent non-citizens from purchasing property, but this will never happen because Democrats will block is being raycis.
>So in short, no bubble this time around, no correction coming anytime soon, you're being priced out by rich people from China, and there's quite literally nothing you can do about it other than finding a way to get rich yourself.

nah the amount of foreigners buying up fancy condos is on the decline which is good for us

I'm in the midwest and can't buy a house to save my life

That is interesting. What are they using their dollars for? Is it solely companies favored by the party and SOE's investments overseas that are allowed to access the horde of reserves held by China? I don't understand why they'd just want to hold it.

It's not stopping anytime in my country for a few reasons.
>Less land everyday.
>Less supply of trades labour/contractors to build houses.
>More people.
>More money printing and its "trickling down" so its raising home prices as classes fight in bidding wars.

a bunch of rich homos lose all of their shit and likely commit suicide, then another bunch of rich homos comes in to profit off of them

actually, heroin dealers strategically push heroin on the upperclass areas, heroin epidemic happens and then they buy the shit dirt cheap. this is how gooks, muslims and mexican cartels operate in US

Fags control the housing market?

>drug pushing meme
can't sell a product unless somebody already wants it

1. you talk stupid shit like a geek on Jow Forums about doin felonious shit to an address

2. you get arrested for doing felonious shit to a house like a dumbfuck from Jow Forums

3. your anus gets exploded in prison while you "lol" about Jow Forums(anus leaks blood)

4. you NEVER go on Jow Forums again

Attached: IMG_20180420_083649.jpg (2592x1944, 2.94M)

Don't be retarded user. Its all satire

>bubble
The prices are pretty stable though

^said the lady with the bleedy anus^

Attached: IMG_20180406_073450.jpg (2592x1944, 2.43M)

Imagine heating this turd
European houses used to last five hundred years, for generations. What we're building now is cheap disposable pieces of shit.

t. Toronto Leaf

wut? in any bar/club, people get drunk then they get their heroin fix. once they are drunk, they do anything.
even straight edge poojeets in Silicon Valley go to clubs and get drunk. Then they get approached and get baby's first heroin kiss.

>Jow Forums
This is Jow Forums, faggot.

Attached: D06E177E-E748-4D02-B01A-3F597F58E504.jpg (1464x1200, 302K)

And they still cost a quarter million or more

>leaf
>3 mil
how many square feet?
>inb4 1500

^4gets what site she is on while flicking her bean...dumb cunt^

Attached: IMG_20180411_101824.jpg (2592x1944, 2.04M)

These are way funnier when an actual architect makes them.

They are trying to grow their economy, same reason we don't like Mexicans sending tens of thousands back to Mexico every year. Vast transfers of wealth are extremely detrimental to an economy. They might relax it but for now China's leadership wants their own housing market to grow. They are building at an unprecedented rate and the prices are up on everything. You can't travel anywhere without seeing new high rises being built there, many have plans to make the new units available for millions of yuan (6 Yuan = 1 USD).

These housing bubbles are great for national wealth. The taxes earned is based on property value and then there is capital gains taxes and net value of assets. It also draws developers and creates a massive demand for work.

less than 10% of the population is having kids.
less than 20% of the population is raising a family.

families are a meme. houses are a meme.

people live with random bisexual housemate strangers worse than in USSR commieblocks.

and makes no1 EVER>>>ANYTIME wanna live in china...

Attached: IMG_20180420_083557.jpg (2592x1944, 2.14M)

Seriously best idea so far target foreign owned businesses as well. We really need a white uprising like this.

There isn't any kind of housing bubble for the majority of the USA. There are a few bubbles in some major cities, but the rest of the nation has seen steady rises in prices for the last decade. There are some material shortages that are increasing the costs of building new homes, but that isn't having too much of an effect overall on home prices. If you didn't buy in 2009-2014 you really lost out on some serious free home equity/cash.

this might be the answer.
burn enough of them down to discourage them from buying more.

No. People have placed a priority on metrics, as in “how many dollars per square foot” and generally only apply this value to the house, not to the land. If people keep having the money per foot mentality, homes will continue to be built that stretch out the footprint of a house and stack an additional level on top of it.

Boomers are currently trying to downsize as they enter into retirement, but there is not a lot of market for small homes except for ungentrified neighborhoods, which they find intimidating.

You definitely don’t belong here
And you’re fucking weird

Attached: 7955B93C-2913-4B29-AFFA-E688E05FB459.jpg (538x960, 49K)

I'm not sure what you're trying to say. China is a good place to live and there are a lot of people wanting to move there, they had to cap even tourist visas to require a recommendation form a citizen since westerners are so disrespectful so frequently. I wish the US was more like them actually. Clean low crime cities and laws against mass immigration for the purpose of protecting their people.

The real question is who the fuck needs a house so big? I would rather have a medium sized house and a nice patio rather than a huge waste of space the McMansion is.

*meant backyard or terrain rather than patio

it is amusing to hear communists talk about the housing in china...living in ANY communist shit hole is awful...the human spirit wants to be FREE...how do all communists not commit mass suicide?

Attached: 1523459901315.jpg (324x243, 26K)

>educated uranite
They knew you soya faggots wouldnt fight back when you figured out you got had.
GED and $70,000 a year.
Suck it

it is the govern
ments job to facilitate growth

Cool bruh, what do you do?

Are Mutts commies or something?

Attached: clones.jpg (1024x763, 246K)

^this dumbfuck doesn't EVEN realise how fucking stupid she is^

Attached: 1523459457279.jpg (324x243, 26K)

They are afraid to be truly free. The world is a dangerous and scary place, so I can understand why they are scared...but this leads to group think and allows leaders to easily manipulate them.

does the pusher hold them down and force the heroin into their veins?

I heard a lot of the current housing boom in China is tied in to the m/f population imbalance leading men to work to build homes rather than moving into family homes as a requisite for attracting a wife.

>no bubble in the midwest
>described classic bubble

when houses sell for more than the average income earner can afford, especially in places like the midwest, it is a problem and needs to correct.
Right now you have people spending 50+% of their income on mortgage, and they are bled dry by property taxes on this. It is not sustainable.

I would shoot myself in the head if I was born in china or Russia...game over man...evil wins in these countries...no FREE spirit to be found

Attached: IMG_20180406_073652.jpg (2592x1944, 2.5M)

reminder that this is functionally the same as pic related but way less efficient

Attached: high-rise-2.jpg (620x413, 127K)

^gross, evil, backwards, awful^

Attached: IMG_20180406_073614.jpg (2592x1944, 2.65M)

jusst for shits and giggles: that 750k shitbox in the midwest would take 50k a year in payments, not counting insurance and property taxes. Who the fuck in the midwest makes enough to pay for that without renting half the rooms out to airbnb?

in 5 years max

value will be lost, people will understand that their houses cost nothing and nobody wants that shit for such price, so shitty houses will drop in price and good houses will increase even more. shitty houses will be sold for price that allows to return its value in 10-15 years from rent

this will create class of homeless indebted old peasants.

no no it's fine, just borrow more money

no such thing as a landless peasant, user. if you have no land you can't be a peasant

those clubs have girls that work for pushers/pimps. they look for desperate, horny, drunk upperclass types and poojeets get them to the bathroom snort some coke, do some crack etc...

Silicon Valley is deep in degeneracy with LSD/Meth/Heroine etc...

^would rather suc a muslim off for rent in china^

Attached: IMG_20180411_101127.jpg (2592x1944, 2.3M)

sorry

i meant homeless indebted old villeins

Sure, but it's not so much about sending yuan overseas or something. Mexicans send our currency back, which the local bank is just going to convert to pesos for a fee. Chinese are trying to buy shit abroad which requires using dollars. They presumably give their Yuan to a bank and the bank converts it to dollars in return for a fee as well, or maybe not I don't know how Chinese banks operate. They then use that to buy some property or something. That is all just tapping into the dollar reserves held by the Chinese central bank, which should be doing something or else they're just sitting there. China doesn't want too many imports because it still wants to encourage its local industry maybe, but then the only thing the money can really do is purchase assets. So I figure the government doesn't see the value in individuals buying houses overseas and wants to restrict that kind of activity, and instead gives some preference to its companies buying up larger assets like titles to resources, shares in foreign companies, or outright purchase of foreign companies.

>Crash when?
Maybe 20 years. Maybe when boomers die. Hopefully, they are overleveraged in reverse mortgages and banks end up eating a bunch of REOs. They will be trying to get rid of these for a song. However, it could cause a global recession and younger buyers will have trouble securing loans, or Chinese and Russian buyers could come in driving prices up again.

thinks it said something clever...^fingerbangs own mom^

Attached: IMG_20180420_094708.jpg (2592x1944, 2.88M)

gross

^accounting expert weighs in^

^fingerbangs own mom^

Attached: IMG_20180406_073435.jpg (2592x1944, 2.26M)

it is a flat commieblock on your pic. it is very usefull to torture HUMANS by forcing them to live in such structures

Attached: commie leader fucks young boy.jpg (600x442, 48K)

He may have gotten a house in an area hit very hard by the crash in a foreclosure auction/short sale. Even then, I doubt he could get 750k for something he got for 300k 10 years ago. I got my house brand new, in a new development 6 years ago. It has gone up about 50% in value, but we got lucky.

I admire your humor....is there anything else your uncle touched that makes you laff?

Attached: untitled44.png (221x320, 114K)

>He may have gotten a house in an area hit very hard by the crash in a foreclosure auction/short sale. Even then, I doubt he could get 750k for something he got for 300k 10 years ago. I got my house brand new, in a new development 6 years ago. It has gone up about 50% in value, but we got lucky.
prices have gone up insanely, everywhere i have looked.
anyone trying to buy a house by actually working for a living is shut out of the housing market except for places like detroit. there is no way for people to afford housing in the US outside of extreme rural areas, and even some of those are being driven up by speculators. I was going to buy a house in a rural area a year ago for 50k and since then every single house in that range was bought and now prices are 150-200k. And this is a small town with NO jobs. ITS INSANE.

there is no bubble crash coming

they continue building McMansions all around me for 400,000 apiece, and they keep selling them.

housing bubbles exist when you have neighborhoods full of empty houses and the prices keep going up. The houses all around are full of families making their mortgage payments

no correction for a while yet

^calls gentrification lucky^

Attached: dumb bitch.jpg (2048x1363, 182K)

20? That is a pretty good safety net. I just bought an overpriced house knowing it will probably be even more overpriced in a few years. My plan is to ride the wave and sell for a few hundred thousand above what I paid. Use the money to buy a cabin in bumfuck nowhere for cash and be able to support a family on part-time/remote work.

>white uprising
your inbred is showing

That's the rub isn't it? I have a nice, big, custom-built home that I bought below market price and when I sell it, where do I go?

no just lazy to design or remodel their own house.

When it crashes the chinese will swoop down and scoop up all of the foreclosed properties at bargin prices

can confirm. any desirable location here is bought up by chinks. especially in cities. they also send their children to drive around in expensive sports cars like retards.

>they continue building McMansions all around me for 400,000 apiece, and they keep selling them.
thats anywhere in california, lets check some stats:

average HOUSEHOLD income $59,039
>To afford a $400,000 house, for example, you need about $55,600 in cash if you put 10% down. With a 4.25% 30-year mortgage, your monthly income should be at least $8178 and (if your income is $8178) your monthly payments on existing debt should not exceed $981.

so basically your entire neighborhood is doctors and lawyers, right?

sell...and go live your commie dreams in mexico, venezuala, or china...please leave US....commie

Attached: jw.png (1280x720, 723K)

^this boomer doesn't EVEN realise Q already predicted his shit^

Attached: Q.png (906x517, 246K)

Does this mean that capitalism is just inefficient communism?

Bankers, Doctors, Military Officers, CPAs

Do what now? I just got here. Bee Cave, TX is where I want to live and raise my child until she goes to college. Won't be selling for a while. Even if there is a bubble I can wait it out. Are you a nigger?

the western world is the only place any sane person would live...

most of the world outside of the Americas is a shithole

Attached: untitled.png (500x402, 171K)

The reason is because there is a shortage of houses for sale right now everywhere. New home construction has been booming for years, and still is, but costs have increased for most supplies. That 50k house is not now magically worth 150k, it is that all the houses being sold now in that area were probably worth over 120k already last year.
I understand your predicament, it is frustrating. I highly doubt prices are going to drastically go down anytime in the future. Even if they do a few years from now, chances are they will just reach the prices they are right now anyways. The demand is very high everywhere, and I don't see that going away.

>Bankers, Doctors, Military Officers, CPAs
then you live in a shithole, in california even small towns average 400k home value and i guarantee they arent inhabited by your fantasy land of upper-middle class

i dont see how a correction isnt inevitable.

White people moving to an area, working hard and making it nice, is not gentrification. Especially if there were no "minorities" there to begin with.

When boomers die.

There probably will be a huge correction in places like California, but everywhere else prices are normal.

AMERICA really is the only FREE country left in the world...everywhere else is shit

Attached: 1512945330547.png (436x436, 170K)

people throw the word "gentrification" around like it is a bad thing.

>The demand is very high everywhere, and I don't see that going away.
I dont disagree with what you are saying, what I am saying is that people can't afford these prices without spending the majority of their income, this means that disposable income for EVERYthing else will plummet and could precipitate a market crash. Already nobody is buying new cars and there is talk of another auto bailout, guess why?

too bad all these immigrants move into our cities and try to make them in their own image. chinks are smelly, dirty bastards

most people would rather be a little "house poor" than live in a shithole or a pillbox.

too bad you fist your own anus so much..legal immigration makes America Great

Attached: untitled01.png (423x750, 478K)

You are correct. Unless we make serious changes over the next decade it will no longer be free though.

Nothing wrong with working hard and living with people who look and act like you.

Dont you see all the construction going on there?

Attached: trapquestion.jpg (900x682, 104K)