New houses built

I remember doing that in Monopoly

There really should be practically zero property tax if you just own a small house suitable in size for you. Property tax should be high, and greatly increase, as you own multiple homes and large estates.

pic related is Hospitalet just 20 minutes from Barcelona center, plenty of affordable houses if you have a decen job you can get a mortgage for that amount with no hassle, but no, everyone wants to live near hipster bars in cool Gracia or Poble Sec.

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He's right you know. And what makes it possible? Usury.

Those who already own properties are the best candidates to take care of those properties, and then invest further in properties, creating jobs for contractors and more living space for consumers.

Of course, there is an optimal zone of concentration of ownership. If ownership consolidates too much, then some of the benefits of diffusion of ownership begin to wane. If ownership is too diffused, the benefits of consolidation wane.

The only way to arrive at a solution is to allow consolidation and diffusion to fairly and naturally oscillate.

Another possible way to solve the problem would be to seriously apply yourself in economics and statistics, write books and articles about housing, then work to get your ideas taken seriously in academic, economic and political circles.

But I suppose complaining about rich people on the internet is just easier.

Spoken like a corrupt Democrat.

I can get behind this. Property tax holiday for married couples with children.

Maybe this would happen if we didn't have a central bank artificially giving banks below market interest rates.

In the true free market you would be able to short local house price indices
God bless bob shiller

>rich build houses
>rent them out to millennial dummies who can't stop drinking starbucks long enough to put up a down payment
>raise the rent because they're disgusting hoarders, attract bugs, and feel entitled to do it as long as their parents are paying their rent
>sleep peacefully at night knowing insurance covers acts of vandalism by angry tenants

I agree with that. I'm no fan of the fed or of the banking oligarchs which have been a parasite on this country for a century.

>median home price 300k
>down payment 60k
>durr must be the starbucks

Are Boomers literally this stupid?

This. I live in the "bad" side of town and got a single family home for under 80k

If you can't scrounge up 20% of the value of something how are you ever going to mortgage the other 80% before you retire?

Not only that,
>Buy house in bugerland 300k with 60k down payment
>Get 30 year fixed rate mortgage.
>$1,429 monthly payment, not allowed to pay more than that per month.
>Total payment on interest $172,486
>Total cost of home $514,486
>Average property tax $3,633 a year or $108,990 over 30 years (assuming it holds the same lol)
Now for living at someplace for 30 years and owning it you have now paid $623,476, more than twice the cost of the original sticker price.
That is also ignore any cost of maintenance, or if the city decides they need to replace the sewer and charge you $60,000.
Now if you wanted to sell this, after taxes and inflation you would be lucky to recover 30% of the cost.
So you just spent 1/3 of your before tax income for 30 years to lose 50% of the money to interest and tax.

>Waaah I can't save up 60k overnight
>Be barista
>70k in student loan debt for degree you're not using
It's not my fault you're retarded and can't think ahead

You also live with niggers

Yup, Boomers are this dumb.

Where are the good paying manufacturing jobs?

This kills the Jew.

>Don't buy a house
>Invest in the market instead
>Have to pay more rent than what the market give you
>loose it all overnight at the first crisis

>not allowed to pay more than that per month.
that's not true though

>not allowed to pay more than that
If a retard agrees to terms like those, they were never destined for financial success.

I currently pay out about 800 quid a month on rent and bills. My mate who owns a house pays out 700 in mortgage and bills. I can afford monthly payments but when I am already paying 800 out of my 1600 a month, then need to feed myself, clothe myself and keep myself entertained so I don't go stir crazy, there isn't a lot left to save. Even if I did it would take me years. He was lucky enough to have rich parents, my parents are poor as fuck.

>keep myself entertained
Pick up a nice cheap hobby.

>keep myself entertained so I don't go stir crazy
oh god

Don't buy a $300K starter home, buy a cheaper starter home, live in it for a few years and eventually you can sell that house and move up as your income level grows.
Why do millennial think they have to be in the first house they buy forever?

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>that pic

Explain to me how property is not an investment?

it's not an investment in the way most people think of investments. it is a resource sink because you have to maintain it, it ties you down (thus, depending on the type of person you are and what you're faced with, limiting your potential), it can be destroyed with a few matches, and it does not produce anything.

in the sense of being a place that you can live in and have a family in, and a place offering independence from rent seekers, it's a great investment. it's just that most people now believe that houses are things that you buy and sit on until they double in "value", at which point you sell them. australia, california and canada are all suffering from the effects of this belief.

read rich dad poor dad

This and chinks buying real estate all over the world because Chinese real estate is not reliable. That's why house prices in Vancouver are so high even though barely anyone even lives there

Fellow 24yo boomer with two properties here, how's it going?

How about you don't buy a giant fucking mansion as your first house?
Or demand to buy one in NYC center?

Even in the US here are PLENTY of houses in the $80-100k range if you move out of meme cities.

You can get a 100% LTV mortgage you dummy.
>keep myself entertained so I don't go stir crazy
Oh poor little snowflake.
>He was lucky enough to have rich parents
Oh yeah, ANYONE who owns a house was lucky and had rich parents. It couldn't possibly be that maybe they were more frugal with their money.

It's an investment against inflation.
>Buy house 3/2 in 2014 $320K... Payment is $1.8K Month
>Rents in area are $1.5K for a 2/2
Fast forward 2018
>My Payment is still $1.8K Month
>Rents in the area are 2.3K for a 2/2
Yea keep renting and paying someone else's mortgage.

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Globalism was a mistake. Houses shoild be sold on the basis of locality to prevent foreigeners and banks from buying up property they will never live or set foot in.

Um, you're paying to maintain it by renting it also. You just never get to own it. You keep and maintain somebody else's property for them and never own it. It's neo-serfdom. Enjoy.

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In Switzerland, there is an income tax charged per house as potential rental income to disincentivise people buying multiple houses.

This is what I wanna do But got no capital to try it.

are you some sort of socialist? maybe a national ((socialist))?

buscatucasa.es/propiedad/venta-piso-en-massamagrell---massamagrell/1659
Look harder

>60k down for a 300k home

Try like 10k if you're a first time home buyer, you can put as little as 3% down.
Also 300k is NOT a starter home unless you're looking in an expensive area.

t. 25 year old boomer with a 170k home

yeah i don't want my shit robbed while i drive 2 hours to work and 2 hours back only getting to enjoy a home for sleeping for 7 hours before i need to start getting ready for work again

flawed is the human mind

Matthew 21:

>Listen to another parable: There was a landowner who planted a vineyard. He put a wall around it, dug a winepress in it and built a watchtower. Then he rented the vineyard to some farmers and moved to another place.
>When the harvest time approached, he sent his servants to the tenants to collect his fruit.
>And the tenants took his servants, and beat one, and killed another, and stoned another.
>Then he sent other servants to them, more than the first time, and the tenants treated them the same way.
>Last of all, he sent his son to them. 'They will respect my son,' he said.
>But when the tenants saw the son, they said to each other, 'This is the heir. Come, let's kill him and take his inheritance.'
>So they took him and threw him out of the vineyard and killed him.
>"Therefore, when the owner of the vineyard comes, what will he do to those tenants?"
>"He will bring those wretches to a wretched end," they replied, "and he will rent the vineyard to other tenants, who will give him his share of the crop at harvest time."
>Jesus said to them, "Have you never read in the Scriptures: "'The stone the builders rejected has become the cornerstone; the Lord has done this, and it is marvelous in our eyes'?
>Therefore say I unto you, The kingdom of God shall be taken from you, and given to a nation bringing forth the fruits thereof.

If we let the rich becoming infinitely richer, at some point, one man will own it all, and he will call himself God.

foreigners shouldnt be able to buy property. rich shouldnt be able to buy more than one home. corporations shouldnt be able to buy houses. it should be illegal to rent houses.

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don't move that far away, don't live near niggers
I speak from my personal and local experience see:

just like in Cuba

>Where are the good paying manufacturing jobs?

In the 50's.

whats funny i was talking to a boomer (bernie supporter mind you)

Anyways, I go why dont people just buy houses on mortage and sell them in 2 years?

Boomer replies, because thats not what a mortage is used for, it is to live in for 30 years etc.

lmao it was until a few months ago after reading "Art of the Deal" by Donald Trump, did I realize mortgage is the way to go and the way to sleep at night. That way worse comes to worse ur credit is fucked.

lmao fucking a, but to answer your question that is why.

>all houses are built on speculation and immediately sold
You must be 18 or older to post here.

>just give them a firm handshake son
>it worked for me

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A shitty one bedroom house in niggerville is $750,000 here.
The only way to get a cheap house is to move into the middle of nowhere but good luck getting a job then

>housing shortage
>lack of good jobs
>pablo and laquisha continue to spit out mongrel babies
>now there's even more broke-ass people
>somehow this does not reduce demand for necessities
>prices continue rising

People get butthurt at anybody actually having assets but poor people fuck themselves in the ass as much as anybody else. Unfortunately not literally, if they stuck to anal maybe they wouldn't breed so rapidly.

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>not allowed to pay more than that per month.
Sauce?