>Be me
>on Vacation in small island in carribean
>walking on the beach
>literally every house for sale
>ask a local why
>tells me the boomers that own them are getting to old to make the trip due to medical reasons.
Better have some money saved boys property is gonna be cheap in 10 years. Boomers BTFO
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fraser.stlouisfed.org
thepeoplehistory.com
pewhispanic.org
pewhispanic.org
bitcointalk.org
bitcointalk.org
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They'll just have REITs, Chinese, and other foreigners buy the properties.
Rare
A
R
E
nice flag
this
there wouldnt be housing bubbles without immigration!
Yes, and Guatemalan, Poojeet migrants will definitely support these bubble housing prices. 4 families to a house!
Open borders = endless housing price growth!
Do you morons really think housing prices are going to fall once boomers start dying off?
The government will literally import 200 million Changs and Pajeets to keep prices high.
If you don't buy a property, you will become a slave forever. You will pay 90% of your income to rent and live with 9 roommates in a shitty 300 sq ft studio.
Loose immigration and monetary policy has been widely blamed for high home prices and for the debt-fueled consumption that they funded.
the “Greater Fool Theory”….problem is eventually you run out of greater fools…
There is a sucker born every minute though. Oh wait, I guess the supply of suckers is drying up in the US as the birthrate is at a historical all-time low.
Open borders = endless population growth!
Seattle
1998: avg rent $600 - avg salary $50k
2018: avg rent $2000 - avg salary $55k
Everybody under 25 should be euthanized for abject stupidity
MFW island economy collapses because boomer property owners die and millennials to poor to fly to the Turks and Caicos, much less BUY PROPERTY.
It starts here user. They sell their vacation property first to pay medical bills and living expenses. Next they down size their Mc mansions. Then they die and market is saturated with over priced houses. A matter of time until prices drop imo.
Go look up a reverse mortgage. Also, Boomers aren't going to dump their homes for another 20-30 years
>Yes goyim, the millenials are the problem. They arent buying our hyperinflated houses. We need 20 million more poos, spics, and chinks to do the job millenials wont.
According to Fannie Mae’s report, as baby boomers exit their owner-occupied homes there could be a glut of new homes and steep decline in price-- returning to historic, pre-globalization levels.
Government Solutions to prevent a return to home affordability includes Mass Immigration, which spurred the dramatic price surge in housing booms 1 and 2.
Adjust immigration policy to create more potential homeowners, to keep hyperinflated prices afloat.
Advocates for this tactic suggest that creating more legal households would increase the number of potential owner-occupants in the market.
thinkrealty.com
With globalists welcoming a flood tide of illegals with open arms, you’re never going to have enough housing
For every one boomer that dies 3000 immigrants enter the housing market, with half the Mexican, Poojeet, Chink, Yiddish ones already popping out kids.
The boomers are dying, housing costs should be plumetting but its not. You know why?
IMMIGRATION.
You have no birthright, you are a slave to the landlords who flood you with competition to fight.
Its about keeping the mouse on the wheel.
riots when?
Boomers cant go there any more, so these wil get bought by investors and will be rented out by the week as VRBOs.
Xers and Millenials cant afford vacation houses but they can afford to visit for a week and pay for a VRBO
1. World wide recession
2. Boomers pensions BTFO
3. Race war
4. Bommers and niggers send to some island to sort it out themself
5. Rebuild white homelands
I am investing all i have on btc before the halving exactly because of this.
The boomerapocalypse will bring down the pension systems and all prices down.
Those that are well positioned will be able to capitalize on this.
tradingview.com
tradingview.com
tradingview.com
>They'll just have REITs, Chinese, and other foreigners buy the properties.
China is in the worse housing and debt bubble in history , it´s worse than 2008 by at least 20 times.
As soon as boomers retire they will bring the entire fiat system with them.
>there wouldnt be housing bubbles without immigration!
Nonsense , back when the us was the top immigration country at the late 19th century and early 20th century a worker could buy a house in new york with less than a year of saving money.
Housing is a bubble because regulations make it hard to build.
Texas has little to no regulation for small buildings and has cheaper McMansions.
>Do you morons really think housing prices are going to fall once boomers start dying off?
Yes the entire west is going to enter a massive recession due to pension ponzi schemes.
See Bulgarian housing prices to see the future.
>If you don't buy a property, you will become a slave forever. You will pay 90% of your income to rent and live with 9 roommates in a shitty 300 sq ft studio.
True but not for the things you said , it´s the monetary system post breton woods causing this but that system won´t survive the boomerapocalypse of the 2020s.
>Seattle
>1998: avg rent $600 - avg salary $50k
>2018: avg rent $2000 - avg salary $55k
It all started when Breton Woods ended , the monetary system was killed in 2009 by Satoshi Nakamoto , next crisis they will have to go to negative interest rates thus cashless society but that´s impossible for the us since it means losing the reserve currency since no country would allow for digital usd if they can stop it.
Only reason usd reserve currency is real is because people buy it in exchange of worse fiat to mantain value , better to lose 1% to inflation yearly than losing 5% or 50%.
But if they go for the cashless society path , that reserve currency will collapse faster than any currency ever did.
The monetary system is in it´s last stage , what will happen is hard to know , i bet my life on crypto because they will be the last ones standing after the us go to negative interest rates.
Just wait til you get old. Most young people don't think it will happen to them or they'll be different. KEK
If immigration gets put in check then the demand for housing will fall and prices will fall. Thats just another reason why the elite push for immigration. More people to purchase houses.
Why should we support increased development? To give our land and build homes for Zhang and Pajeet? If we enforce zero immigration, first home buyers would have plenty of supply as the older citizens downsize and move to nursing homes. Construction would mostly be renovating existing stock and independent and assisted elderly living and not building 20 story chicken cages in every suburbs.
The Greens are 100% correct to have a NIMBY attitude, it’s a shame they don’t want massive development in their backyard but are ok with having Zhang, Pajeet and Ali living all around them in a 40sqm apartment
US also had a much lower cost of living and much higher quality of life before free trade/NAFTA/China/open borders.
Bay Area, Seattle, LA, San Diego, NYC, Boston used to all be working class blue collar white cities. The houses in these cities were priced at 2X the average annual salary.
It took a blue collar worker only 2 years income to afford a house in cities that are now out of reach for even white collar earning 6 figures.
Also, products were much cheaper and of higher quality before free trade.
china/open borders/Free trade raped the west
we cant continue ignoring the cause of the housing crisis by just building more houses-- its a never ending flow of billions of turd worlders we need to keep housing, while our own citizens go homeless.
if we abolish immigration, close borders, and deport the hoards, then we can resolve the housing and economic crisis afflicting the west.
just personally, I have friends who bought homes in the S.F. Bay Area in 1996-97 for $145,000 to $165,000--perhaps 12-13 times annual rent or 120 times monthly rent. These homes were in a highly-sought after small city with excellent schools, and they shot up to $600,000 by 2006 and $3 million in 2018.
FUCK CHINA
ERADICATE GLOBALISTS
oftwominds.com
In other words, you can't afford a $1,625,000 Bay Area house you bought in 2018 because the guy before you paid $550,000 for a house which sold for $140,000 in 1997.
These numbers are drawn from reality: our friends bought a small home in a desirable suburb in the San Francisco Bay Area for $140,000 in 1997.
They sold the house in 2005 for $550,000, and that buyer unloaded the house in 2018 for $1,625,000.
ALL OF AMERICA USED TO BE CHEAP!!
houses were always 2X median income in ALL METRO CITIES
a friend had a house located in a bedroom community suburb in the San Francisco Bay Area metro area. The home was built in 1916 and has 914 square feet, no garage and a small lot.
It sold in 1996 for $135,000. This was a bit under neighborhood prices due to the lack of garage and small size, but nearby larger homes sold in the $145,000 to $160,000 range.
The house was sold in 2004 for $542,000, and again in 2008 for $575,000. It is currently valued at $720,000. The neighborhood average is $900,000.
FUCK IMMIGRATION
FUCK GLOBALISM
>Why should we support increased development? To give our land and build homes for Zhang and Pajeet? If we enforce zero immigration, first home buyers would have plenty of supply as the older citizens downsize and move to nursing homes. Construction would mostly be renovating existing stock and independent and assisted elderly living and not building 20 story chicken cages in every suburbs.
Because the americas are underpopulated , there will be about 1.2B people living in all the americas by 2100 and 10B in the rest of the world.
They are going to rape us , also in order to have an economy working you need to have at least a positive fertility rate that will be more than previous generation.
We don´t have it , thus pensions will collapse in 2020.
>china/open borders/Free trade raped the west
You are looking at the symptoms , not the cause , the cause is the monetary policy that does not allow for accumulation of capital due to fiat being printed more and more every year.
Capital is not just money , it´s infrastructure , investments in education and more.
After Bretton Woods that ended and every class is not poorer but has less capacity to accumulate CAPITAL after each crisis.
After 2008 it became impossible for middle class to accumulate capital.
After the next it will become impossible to even pay rent.
The reason jobs went outsourced is because unions attacked the accumulation of capital and production.
They literally boycoted things like a nuclear power plant in detroit that was your industrial capital.
France produced nearly 100% of it´s electricity by nuclear energy.
The boomers received everything well and on autopilot and ruined it due to their stupidity.
>we cant continue ignoring the cause of the housing crisis by just building more houses-- its a never ending flow of billions of turd worlders we need to keep housing, while our own citizens go homeless.
Sure you can , that´s how you end with less citzens going homeless , by building more houses.
Also mexico and central america will go to negative birth rates soon too.
You are imbeciles. Disgusting little shits you need to die. You are utterly worthless
This is all YOUR fault. You lazy weak entitled little cunts
You are correct on everything except the causes , globalism and immigration have nothing to do with that.
Immigration is partially tough since it´s used as a political weapon but it´s not the cause.
It all comes from the monetary system post 1970.
Look at this numbers
fraser.stlouisfed.org
thepeoplehistory.com
A worker in the us with the less paid job could buy a house with 8 months of his income.
The problem is much more simpler yet harder to understand user.
And this numbers are from 1920 when it was less technological and production was lower and harder to do.
It´s all from the fucking monetary system .
Costs are soaring despite the low rate of officially measured inflation. I recently found some notes from 1995--a long time ago, 24 years. The dot-com bubble--the first of this era's three great asset bubbles--was inflating rapidly but official inflation was low, around 2.5% to 3% annually.
A slice of pizza was $1, a main dish in a Chinese restaurant was $4 and rent for a one-bedroom apartment in the S.F. Bay Area was $600/month. Now the pizza slice is $5 plus 9.25% tax, $5.65; the main dish is $11.95 plus 9.25% tax, $13.05, and rents for one-bedroom apartments far exceed $2,000/month in desirable neighborhoods.
Official inflation is $1 in 1995 equals $1.67 today. So a $1.50 slice of pizza in 1995 should cost $2 today, the $4.50 main dish should cost $7.50, and the $600 monthly rent should be $900. Real-world inflation has outstripped the bogus official rate in sector after sector. So TVs have dropped in price; big deal. How often do you buy a TV?
Costs have tripled in 24 years, but have wages tripled? No. In many cases, they haven't even kept pace with official inflation, much less real-world inflation. How many people earning $40,000 in 1995 are now earning $67,000, the minimum increase needed to match the rise in official inflation? Nobody I know. How many positions paying $40,000 in 1995 are now paying $120,000 for the same job? I think we can safely say none.
The majority of gains in income and wealth have flowed to the top 5%, and most of the gains in the top 5% have flowed to the apex of that income bracket.
>Boomers are definatly on their way out
not with this spelling of yours, i don't think so
who will teach you how to write, dumbo?
>Turks
>nice
Not quite so, the West is transitioning towards a globalized housing system, to reach the state of housing in BRICS (Brazil, India, and China). This is the basis of creating and keeping housing bubbles.
Contrary to what us naive folks might assume, the really stupendous profits aren't made in luxury buildings--they're generated by tightly packed slums. Here's how it works. Let's say a middle-class flat of 600 square feet (7.5 square meters) goes for $1 per square foot. The slum's equivalent 600 sq. ft. has been cut up into numerous cubbyhole rooms, each housing many people who each pay a relatively high fee for the miserable lodging. The rent per square foot in the slum is thus $5/sq. ft.
According to Davis (and this book is heavily, even obsessively footnoted/sourced), densities in Third World slums are astronomical--18,000 residents per acre is not uncommon. That's four modest-sized 10,000 sq. ft. residential lots in the U.S. suburbs--4 houses that might house 8 people, total, not 18,000.
So slums are immensely profitable--much more profitable than permanent "middle-class" housing. And will you be surprised to learn that most of the property in these mega-city slums is concentrated in a few hands?
The net result of this great urban overcrowding/high-rents/profitability is indeed pernicious.
The Western housing market is in the process of slumification.
>FUCK IMMIGRATION
>FUCK GLOBALISM
what's the big problem here. i bought my first house in 1998 right out of high school for 100k. sold it in 2007 for 300k. bought my next house for 320k, waited out the recession and am going to sell in the next month for 650k. gonna buy a piece of land and build my final home.
Now you are starting to get it.
>but official inflation was low, around 2.5% to 3% annually.
The us is a reserve currency they need to fake the data to keep it if it´s high.
>Now the pizza slice is $5 plus 9.25% tax, $5.65; the main dish is $11.95 plus 9.25% tax,
The boomers build a ponzi scheme and the leftist encouraged it , it´s an intergenerational ponzi every generation has to pay more taxes because pensions are a ponzi.
>Real-world inflation has outstripped the bogus official rate in sector after sector.
Yes user , imagine if the boomers realized they gain 1% interest on the stock market and inflation was 3%.
The ponzi would collapse.
>Costs have tripled in 24 years, but have wages tripled?
No , through globalization they kept costs lows of imported things , but things that can´t be imported like houses have gonne up massively.
Now you realize why nafta and trade with china is a symptom.
Since wages are not going up according to inflation you would not be able to buy made in america stuff.
So they open the border , but what happens with houses , healthcare and things you can´t import?
What you are living , neofeudalism.
>The majority of gains in income and wealth have flowed to the top 5%, and most of the gains in the top 5% have flowed to the apex of that income bracket.
Also a larp from the left , the only reason why the top seems to be wining more is because they are the only ones that can accumulate wealth for investments , the rest are fucked due to inflation.
In fact the only thing keeping the system working is the fact that the rich are gettin richer , just look at bezos or musk and see the jobs they created.
On such a fucked up system small companies will never be created unless they are software and don´t requiere capital.
Don´t worry tough user , the system is on the path of collapse.
Join the crypto rebellion against this intergenerational ponzi going on in the west.
>Not quite so, the West is transitioning towards a globalized housing system, to reach the state of housing in BRICS (Brazil, India, and China). This is the basis of creating and keeping housing bubbles.
Not at all , in fact housing in Brazil and China is even more costlier than the US by at least 3 times.
>So slums are immensely profitable--much more profitable than permanent "middle-class" housing. And will you be surprised to learn that most of the property in these mega-city slums is concentrated in a few hands?
Yes , the elite hates suburbia , they would preffer the plebs concentrated which is why they attacked electoral colleges in every republic and turned them into democracies as in my country Argentina.
After the electoral college was destroyed the concentration of plebs into urban areas was triggered since politicians redirected gibs there and nothing in the countryside.
>The Western housing market is in the process of slumification.
Because people can´t accumulate capital , pic related.
Not even the small rich can accumulate anymore , only the elite the rest are being raped by taxes , fees , retarded laws.
the chinks will buy them all up
>According to Davis (and this book is heavily, even obsessively footnoted/sourced),
What's the name of the book?
from January 2000 to July 2006, starting with 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)
>$150k in Bay Area
>$150k in LA
>$120k in DC
>$140k in Sydney
>$120k in Melbourne
>$140k in Toronto
>$190k in Vancouver
>£70k in London
Avg price of house after 2004 massive free-trade/open-borders
>$800k in NYC (boros)
>$1m in Bay Area
>$600k in LA
>$500k in DC
>$900k in Sydney
>$700k in Melbourne
>$600k in Toronto
>$1m in Vancouver
>£400k 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
you fell for the illusion of making money in a ponzi. you merely traded your first house for the other house (with the same price in 1998 of $100k) and trying to trade your current house for another one that would have cost you $100k in 1998
in reality, adjusted for home-hyperinflation, you made no money on the trades
>For every one boomer that dies 3000 immigrants enter the housing market, with half the Mexican, Poojeet, Chink, Yiddish ones already popping out kids.
net Mexican immigration is negative, more people are going back to Mexico than coming here from 2015
pewhispanic.org
more recently pewhispanic.org
The U.S has reached peak Mexican. If you were expecting a replacement by Mexicans than that plan has ended.
>1998
Wrong number user , start at 1910 and go to 1970 , 1970 is when everything was triggered that has brought us here.
>after free trade:
There was always free trade , free trade was open to extremes never before seen due to the fact that people could not even buy anything due to the destruction of currencies.
>domestic production of goods
After 1970 no one could buy those things due to the collapse of the gold standard that trigger mass inflation worldwide.
>goods were affordable and of high quality
True
>lowest cost of living
Yes , destroying wages due to inflation is bad , but this was not caused by freet rade.
>affordable housing (house costs only 2 times the annual salary)
It was not 2 timse the anual salary it was literally 8 months of saving.
Worse than even you think.
Check this
% white
Yes the boomers creating welfare states that taxed the youth to give to parasites and to themselves in the future did great things for white demographics.
Again you can´t blame this on free trade , the collapse of fertility is caused by high housing prices caused by currency devaluation
Planet of Slums by Mike Davis
All of these socio-economic changes came within the last 10 years. Our +50 year old demographic/immigration problems are finally catching up.
up until 1999 housing in NYC was affordable at 2-3X the annual salary. People bought houses in NYC for $170k in 1999, prior to open border policies.
NYC had not yet experienced a dramatic increase in immigrants until 2000, then the gooks went all in and prices rose dramatically. once affordable blue collar hoods went from $170k to $600 in a matter of a few years. Now these same hoods are $1.2 million.
before open borders, people were not packed 20 to an apartment and did not share with roommates.
how could these retards even shill for free trade after 3 decades of irreparable damage that sunk a 1st world country into 3rd world hellscape?
do these ivory tower retards have a basic understanding of economy, where the supply of gas skyrocketed from $1/gallon to $4 due to America birthing China's rise in global trade?
The escalation of oil prices led to all costs (food, transport, goods) increasing dramatically etc...
This is one simple example where China's participation in global trade increased the cost of basic products, not to mention the effects of China/Mexico on global housing bubble.
how can these yids continue to spout their b.s.? do they honestly think goyim are that stupid to swallow their shit?
don't forget our unprecedented wave of immigration-- alteast 130 million since 1998. That accounted for more than a 90% of our household formation in the past 2 decades and explains the fact that 60 percent of new homeowners during the same period were minorities
The core problem is globalists who import millions of foreigners to hyperinflate housing.
>1998 L.A. house ~$150k.....most Americans can afford that even with a minimum wage job.
>2004 L.A. house ~$600k...most Americans cannot afford that.
Know who can though? illegals/mexicans. Why? Cause they literally have 4-6 FAMILIES per house.
>John Smith, his wife, and 2.5 kids can't afford $800k house
>Paco, Rodrigo, Francisco, Pablo, and Pedro and their wives/kids they put to work can though....shit raise it to $1.2mil, they can still afford it!
That's the core problem, groups of spic families are buying single homes that were designed for a single family, that single families can no longer afford because spic families are driving them out of the area.
>sell house for $200k to John Smith
>sell house for $800k to Paco Fernandez
gee, tough choice
>John Smith must just not work as hard as Paco!
A boomers loss is never our win. They will just get Chinese and Indian dirty money to buy the properties. Nothing will change until we line up Wallstreet against the wall and start putting a bullet in the brain of every banker, politician and Hollywood Jew.
The monetary system is on the path of collapse.
You blame trade and immigration and you are wrong , yet you are 100% correct on the problems.
The only thing you don´t get it it´s that this is happen everywere , go to brazil , argentina , europe , china , israel , turkey , australia , new zealand.
Every fucking place you go has housing bubbles , and demographic collapses.
Why?Because the monetary system of the retard keynes is a fake shit , you keep the economy growing but destroy the future growth.
Basically you stimulate by reducing interest rates and that reduces investments for the future and that causes bubbles and that causes demographic winters and that casues empty pensions and that requiere immigrants and that requiere welfare bribes.
It´s all because fucking keynes , the west will learn the lesson soon enough , more and more the youth is pissed off because of this crap.
Crypto is the only solution , the question is what comes after the system collapses.
>how could these retards even shill for free trade after 3 decades of irreparable damage that sunk a 1st world country into 3rd world hellscape?
They knew exactly what they were doing. There was an article in the "Atlantic" magazine back around 2002 or so in which a prominent economist (whose name I unfortunately forget) explained that in order to raise living standards in the third world it was necessary to lower our own. This was always the endgame
It makes me seethe with so much anger. I literally shout and rant to myself in my own home over this. God I gotta go lift some weights or something.
South america fertility is almost worse than the us , gif related.
india is almost stable and entering negative fertility rates and china is a total demographic collapse.
The reason why housing is so costly is the monetary system that does not allow to accumulate capital that does not allow for investments in things at the rate needed.
Keynsianism is literally generational vampirism , by fucking with interest rates one generation can steal from the unborn by destroying future investments.
Crypto is literally a CIA psyop you retard. Look up whos investing in it sometime bucko. You loonies will learn
Well yeah, it's called time. Remember thou art mortal.
Its already happening here at the higher end of the market, uncle has his places up for sale for months, he wont budge on price and nobodys interested. It's delicious to watch.
what part of "globalized housing market" dont you understand?
housing is now globalized, retardo. the cost of housing everywhere is now relative to prices in honk kong! get that thru your thick skull.
the west imported the poverty of the 3rd world, while exporting the wealth of the 1st world
When our entire industries went off to China (((they))) told us we'd be a 'smart goy' economy. We're just a bitch whore economy.
locusts swarming our real estate is how we get back some of the money we gave them to buy the things they make that we once made. It is called trade.
and once they've bought our estate we can buy it back for 1000 times as much.
real smart.
Except they get our land and permanent residency in our countries and we get heroin, meth, and disposable plastic chink crap that breaks in a few years and ends up in a landfill.
also they buy up our farms and export the meat to china so they get the profits and meat and we get the pollution.
>we give them our houses, businesses, jobs, country, and land
>they give us heroin, fent, meth, phones and dragon dildos
What a trade!
lrn2riot
Brits used to have incredible rioting skills. wtf happened?
you clearly know nothing , Satoshi Nakamoto dissappeared when the he learned the cia was searching for him.
You literally can go and see the forum post of 2010 when crypto was being created.
He literally begged wikileaks to don´t adopt btc , after wikileaks ignored him he dissappeared the same week assange was arrested on top of that he received a pm that the glow in the dark were searching to ask him some things.
After that he never appeared again.
I don't understand how the boomers expect zoomers to buy up their real estate bags... There's literally like 3 boomers per 1 zoomer and zoomers work shit jobs in amazon wage cage.
Bush conspired with Greenspan to import millions of illegals and poos to prop up a housing bubble, after the collapse of Greenspan's tech ponzi bubble.
the Bush administration’s trafficked millions of Hispanics and told the goyim that beaners were “natural Republicans” and that the best way to get them into the fold was to give them a stake in the “ownership society” through various housing subsidies. Hispanics’ increasing numbers in the so-called “sand states” had a lot to do with the bubble’s disproportionate influence in those regions, and these subprime borrowers’ low levels of human capital and earnings eventually led to the music stopping as payments were unmade and new borrowers could not materialize to prop up the inflated housing prices. I mean, throughout the boom, no one said, “Does it make sense a sheetrocker from Chiapas making $11/hour can afford a $400K McMansion in Anaheim?”
This is what may be called an “overdetermined” event. In other words, without large levels of Hispanic immigration and Bush’s obsession with cultivating beaner political support, the bubble would not have happened.
The relationship of the demented immigration policy of the post-1986 amnesty years must not be allowed to disappear into the memory hole — as, of course, both parties would like it to. They will try to twirl the “bubble” into a case of bad economics, if not an act of God like an earthquake.
Usa was the paradise before any of you came
We didnt need any of you that have only destroyed the low pay job with mexicans and high pay jobs with chinks , rocketing the house market and the posilbility to raise a children with a single job
And the mayority of chinks are already millioire when they came here
my granddad bought a house on the beach in Torrance CA for $20,000 at the age of 21.
Why the fuck shouldn't I be able to do the same thing?
Fuck globalists
This.
Import people that will prop up the market. No shortage of wealthy Pajeets, Insectoids, Saudi/UAE taliban to buy the better properties and goblins, NAFRI, Sub Saharan Kaffirs, and Paki's to fit 10 people in a 1 unit. Wealthy foreign nations inflate cost of living, while retard niggers decrease the quality of living. Make big Jew money on the economic-social fall and then collapse. At collapse, Mega Jews buy everything for nothing. Welcome to slavery.
>Except they get our land and permanent residency in our countries and we get heroin, meth, and disposable plastic chink crap that breaks in a few years and ends up in a landfill.
also they buy up our farms and export the meat to china so they get the profits and meat and we get the pollution.
Then don´t give drug traffickers residency.
>When our entire industries went off to China (((they))) told us we'd be a 'smart goy' economy. We're just a bitch whore economy.
Your entire industries went to china because the purchasing power was destroyed in 1970 after the current monetary system started.
Things have been outsourced from cheap stuff to more costlier.
Soon even high tech will be outsourced because the monetary system is fucked up.
>what part of "globalized housing market" dont you understand?
Go to bulgaria , you can buy a mansion for 20k usd probably.
The housing market is not globalized at all , the prices are absurdly differently everywere.
The common theme around the world however is that the youth can´t buy them.
Why?Because they are taxed 1000% more than previous generations and on top of that currency inflation is massive.
>When our entire industries went off to China (((they))) told us we'd be a 'smart goy' economy. We're just a bitch whore economy.
Also another point on this to prove that i am right , go to check aircraft manufacturers in the usa in 1960.
There ltierally a shit ton of them , now it´s boeing only building commercial airplanes.
Why?Because you can´t accumulate capital for investment anymore so if a company falls in a certan industry the remaining one devours it and no new company is born in that area.
Shit is way worse than simply "they took our jabs"
It´s way way fucking worse , the entire monetary system is a timebomb.
I don't think it is financially poor mexican illegals that are driving up housing prices, it is wealthy immigrants mostly Chinese who are shoveling money into the real estate markets, the same accusation stands for wall street funds that bought a shit ton of cheap property in the crash because, who the heck wouldn't.
America is insane, non-citizens can buy land, this exists nowhere else. Even in Mexico only citizens can own land. the way you stop this is by removing birthright citizenship, allowing only greencard holders and citizens to buy real estate and restrictions on how many houses a single entity can own.
you still need to buy asap it only goes up
people pushing housing crash are the jews trying to scoop them all up
interesting claims do you have some sources or articles to share?
>Usa was the paradise before any of you came
True , the greatest country in the world.
>We didnt need any of you that have only destroyed the low pay job with mexicans and high pay jobs with chinks , rocketing the house market and the posilbility to raise a children with a single job
Tell that to boomers , when the usa was landing in the moon every few months they were doing degenerate shit and spent a decade attacking progress in any way possible.
Then the monetary system of bretton woods collapsed and since then you been outsourcing everything because the usd is worth less and less.
Outsourcing is literally a way of the eltie of making the inflation appear non existant.
>my granddad bought a house on the beach in Torrance CA for $20,000 at the age of 21.
>Why the fuck shouldn't I be able to do the same thing?
because you and your grandfather chose empire over nationhood. you created this evil empire and now must reap its "benefits" don't try to play the victim and blame the elites, you people acted along with the elites and turned a blind eye. This empire faces the judgement of its sins.
I see this everywhere in LA. 10 beaners rent out a 1 bedroom apartment meant for 1 white person. It's easy for them to all chip in $250 bucks per month but an American who doesn't wanna live like in a 3rd world shithole now has to pay $1500 all by himself unless he wants to live the 3rd world beaner lifestyle. Fuck that. Fuck sanctuary cities and their fucking retarded democrat politicians who promote this kind of degeneracy. 1 room bedroom shouldn't cost more than $600 bucks. Like in the rest of the world.
I sometimes see 5 illegal beaners crammed in 1 room. So they basically pay like $10 bucks each per day, so most of them pay like $300 per month for rent while destroying our housing prices and economy. Fucking filth. Fucking sanctuary cities.
as a result of beaners and asiatics flooding in to our once White country and hoarding and overcrowding our once White housing resources.
we imported 3rd world living conditions
I know globalists pack 20 shitskins to a room, since they’re my students – I teach immigrant high school students in LA – and they’re living doubled and tripled up in rooms all over USA.
Better import a bunch of third worlders that won't complain about living with 30 other people in a single home so that housing bubble doesn't pop
This is what I am seeing. When I go for a walk, there are these houses with about 60 africans in them. This is so fucked. Basically they are importing the most desperate fuckers to come live here who will accept living like shit so that we all have to live that way too.
They're either given mortgage loans they're too stupid to understand, or are poor enough that a lifetime of indentured servitude is an increase in life quality.
>Go to bulgaria , you can buy a mansion for 20k usd probably.
It's 50k for a 1 bed high rise apartment. Also, it's Bulgaria. It's not San Francisco, Paris, London, Prague, etc. 50k in 1965 was a lot of money.
>implying these properties wont be snapped up in a confiscatory manner to house your newly imported replacements
Across the street from me there's a house with 5-6 domiciling middle aged mexican men. In Canada.
>Boomers BTFO
Also you can say
>Boomers aging naturally
I fucking hate sellouts and kikes.
are there any white sections of the islands there or is it all just nogs everywhere?
The west started to decline exactly at the point when we transferred our industry and technology to mongoloids and poos
In the 50s, 60s, 70s, Whites transferred their industry and technology to Korea, Japan, Taiwan, China and other Asian shitholes.
As a direct result of shifting White industries to Mongoloids, the US experienced the ‘Long Downturn’ deindustrialization era, which turned the West into the Rust Belt. After, 1973 the growth of output, investment, productivity and wages was 1/3 lower than during the previous quarter century, while unemployment levels were several times higher. The mongoloids who stole White technology were responsible for the decline of White civilization. Economically, the Mongoloids achieved overcapacity and overproduction in the international manufacturing sector, which led, by way of incessant downward pressure on prices, to reduced profitability – and the failure of successive attempts made by traitorous (((corporations))) and White governments successfully to respond to this.
To reiterate, the problem originated in the 60s as a consequence of transferring White industry to Yellows, which led to the intensification of international competition, which itself resulted from the stepped-up entry into the world market of lower-cost producers based in Asia.
Only ever greater doses of Keynesian deficit spending, thru debt-based bubbles inflating assets, prevented the onset of severe depression and societal collapse, but at the cost of runaway inflation, unemployment, immigration, demographic replacement, and declining standard of living.
over the past few decades US received an influx of 100 million beaners/poos/changs/nogs. This IS UNTENABLE and is the cause of ALL CRISES, RECESSIONS and TURMOILS in our NATION.
Please tell me you're not a vile Boomer.
tell me how one gets a mortgage loan without a valid social security number?
You don't need a valid social security number to buy homes in cash which is what wealthy immigrants do, but illegals have no hope for a loan, that is why they rent from slumlords. That is why the amount of homes one entity can own must be limited and that right must be limited to citizens/greencard holders.
It's Satan's rule right now.
I grew up in L.A.. Left that shithole as soon as I could. As a small kid in the 80's, it was still nice. That shit turned bad fast. Also, Whites move from other cities for the Hollywood dream. Sad. That shit ended in the 70's.
Traded goblins for negroes. Made money in the South betting on gentrification. But, lefty's and govt seems to get worse every year. Time to leave States.
sauce?
What city? I live in a really remote and really white part of Canada, but I was recently freaked out to see four "la goblina" Mexican women in a supermarket (though it's in a coastal village rumoured to be the centre of drug smuggling)
Funny thing, last night I was watching the 1983 movie "Suburbia" about decay and alienation in Los Angeles, and they were already talking about layoffs, pollution and urban blight
ain't those properties usually hit by hurricanes?
with the intelligence you demonstrate in your post it is no wonder why you teach in a shithole school district instead of teaching affluent whites in a private school.
Historically, houses throughout the metro cities in US were always 2X the median income-- that was before Bush's house bubble started 2001. You could buy a house in LA or NYC in 2000 for $160k. Globalized open borders results in overcrowding housing, with landlords packing 10 renters to a room to cover surging housing costs. This is how a pyramid scheme based on importng endless suppy of humans to prop up neoliberal housing wealth effect ponzi works.
see bush allowed millions of Mexicant immigrants to the US and helped them get home loans
In general, the Housing Bubble was a bet on America's most sacred cow: Illegals, Shitskins, Diversity, especially Hispanic Diversity. George W. Bush, Angelo Mozillo, Kerry Killinger, all wanted to believe that trafficking 3rd worlders would prop up a non-existent economy.
Clinton and Bush Administrations have pursued the goal of increased homeownership by trafficking shitskins and encouraging Fannie Mae and Freddie Mac to expand their lending to trafficked shitskins. “Owning something is freedom as far as I’m concerned,” President Bush said. “It’s part of a free society.” Cheap money and declining lending standards are often associated with speculative peaks, which invariably are followed by busts.
The massive wave of foreigners was disproportionately pouring into the “sand states”, such as California, Nevada, Arizona, Texas, and Florida. Those areas were the epicenter of the housing crash.
illegals flooded in during the Bush and Obama days.
also Landlords pack 20 people into a room who are used to overcrowding conditions back in their countries. This keeps rentals high, which keeps the housing bubble afloat. The population ponzi relies on an endless stream of immigration to prop up the housing bubble
The replacement of people is a worldwide issue. All European countries have that problem. Then there is Islamification.. even in Asia. Unrestricted capitalism.. exporting of assets/jobs/future.. as well as degeneracy/nan natal policies, etc.. have set the path to collapse. I spend a lot of time thinking about where to go next. Where is/will it be safe.. in a reasonable comfortable place that won't steal my money or murder me. Tough one.
why the fuck would we help keep prices high?
better to live in an apartment and hoard crypto so you can buy your very own Monika to cum inside in 2030
Dunno. Search pornhum lesbian domination.
Hamilton. The GTA cancer is quickly spreading. I think I'm going to report them to some kind of border service but I doubt anything will happen.
>implying megacorporations and CEOs arent gonna buy everything and airbnb them out
Yeah. Started to see the decline in the 80's even though I was a small kid. Demographic changes. Cost of real estate.
This , entering the late stage ponzi is retarded , let the boomers worldwide sort the problem they created.
With crypto we can gain of their problem by doing nothing when their fucking ponzi scheme collapses and watching our bags go up as they are the last thing standing.
When I lived in the GTA in the 80s Hamilton was full of Scottish people, especially on the Mountain. Bet they're all dead now
>bush allowed millions of Mexicant immigrants to the US and helped them get home loans
provide one article on one mortgage lender who did not require a social security number from an applicant.
Daca people have socials security numbers and even they get denied loans housingwire.com
Oh sweetie that property is for Mr. and Mrs. Chang. I brought your new micro-apartment neighbors by to say hello. user this is DeShawn and Imani and their three kids Precious, DeAndre, and Tyrone. Don't forget your $2,000/month rent is due next Tuesday!
What is the best advice for someone who in a couple years will be able to afford a down payment on a hugely inflated condo? Entry level houses go for 400K + on Vancouver Island and are basically teardowns or in terrible neighborhoods. I could afford a condo but paying 200k for a tiny one bedroom is insane and I don't want to get locked into something before/if the market collapses. Any advice?
They are importing shit skins to keep prices high
>$600k in Toronto
Shit you can barely get a townhouse or condo for under $700,000 right now, a detached home is easy +$1million
the globalists run amok because they were never disciplined by the goyim and forgot what pain feels like. if they do something wrong they get rewarded instead of feeling extreme pain as a form of punishment. it's time for goyim to rise up and discipline the globalists by giving them lessons on pain.
>before 2000, no housing problem
>globalists push for "housing for everyone", ez loans and low interest rates
>import millions of locusts from asia/mexico
>hyperinflated housing bubble happens
>housing now a problem
>homeless epidemic
>millions of native homeless die from opioid epidemic
the globalists preemptively planned and pushed for "housing for everyone" in advance of open borders.
it was a stealth plan to house every locust invader while millions of natives go homeless
there was never a housing problem in the US before their NWO globalism
I would just like to mention how an identical thing happened in UK, which I'm sure is a pure coincidence, except instead of Asians/Mexicans we got sandpeople and niggers
designed to extract the real wealth of the nation and "redistribute" it to lowlife nigger subhumans and illegal spics. By design.
What? But all the hipsters are living in stackable container housing now, whiteanon! And the solar panels will provide you with a reliable 6-7 hours of electricity per day. Don't forget that onions- and insect-based diets are good for you, and for Mother Gaia as well!
Oh you mean real Canadians. Yes. Now whenever I drive through all I see are Arabs and Blacks.
I thought it was foreboding when my old highschool dropped Highlander from it's name and simply became "Town Name Secondary".
Shit's fucked lads
I'm a small builder in States and family is a large builder in Aussie. None of us are building anymore. If you're in touch with what is happening globally.. socially/economically.. kind of hard to justify a large expenditure as return and lack of liquidity is questionable. Senpai is still finishing an 8MM servo, but I think we're all sitting it out for next few years to see what happens. I made my money in the last crash. Maybe it's best to wait up to 10 years again. Land cost and construction is too high. Plenty of builders out there though. Key is to build and sell fast.
first of all you have ignored my direct and simple request for an article that proves one mortgage lender was providing loans without a social security number, second you dodge the bigger issue of limiting the amount of homes one entity (human or real estate trust) can own
>before 2000, no housing problem
Is your problem with migrants or with housing? There was a migrant problem before 2000 that shouldn't have happened, and most of it can be done away by removing birthright citizenship and going after employers, something else you ignore.
You want to blame buzzwords like open borders, but the core issue is America is an empire and by definition it will have open borders. To do away with the problems you mention America has to stop being an empire and start being a nation.
>retard cant into reality
chron.com
>america sends industry, wealth, jobs to asia
>no domestic jobs
>recession 9.0
>rust belt happens
>hyperinflation rising cost of food, oil, products, houses
>businesses import 3rd world slavelabor to offset rising cost
>cost of housing, oil, food surges even more
>homeless, suicide, opioid epidemic
Whites used to have 1st world living standards before the 3rd world showed up. we literally imported 3rd world living conditions.
sharing with housemates was NEVER the case, before locusts showed up and started overcrowding and hoarding our resources
in US, after free trade, the roomates trend has surged, with 20 strangers packed into and sharing one 3 bedroom house or apartment.
This was never the case prior to open borders.
Our living conditions plummeted to 3rd world standards.
Pro tip: If you're thinking about moving/buying a house.. stop by the local schools and see what the demographics are. That's your future. Often, it's quite dark.
>the core issue is America is an empire and by definition it will have open borders
Britain had an empire but didn't have mass immigration until that empire fell apart, the two things were both symptoms of the same decline
Are you telling us that the youth can´t accumulate wealth to invest because taxes , regulations and inflation make it impossible.
I am literally shaking
Invest at least in 5 BTC before june this year and you will make it.
This is more than houses leaf , the entire economy is in a late stage ponzi scheme , sustained with currency devaluations , immigration and outsourcing.
We have reached the last stage , it will all come down very soon.
If you are that desperate tough , buy a sailboat , it will be cheaper and bigger than a cuckappartment and probably less taxes and you can move it to other cities.
Sad but truth.
Schools where I live are still 100% white but the numbers have declined like crazy, something like one-third fewer students in just the past 15 years