Posted on 08/08/2023 11:26:37 AM PDT by ChicagoConservative27
A higher percentage of Chinese own their homes than Americans.
Their living standards are also rising while ours are falling.
That’s true. It’s just frustrating spending money on those things. Lol.
Wow! That’s a huge jump. You’re a millionaire!
Herr’s the state of the market in CT. It’s no surprise that this is out of reach for most Gen Z:
Things no longer have a “cost.” It is “how much can you afford.” I went looking at cars and not a single “dealer” would tell me what the truck cost. It was, “how much can you afford.”
You’ll own nothing and like it.
Took 65 years, but closed on a house last week together with my daughter. 100 years old, in the hood, solid with nice wood.
You force everyone into whatever you want by getting younge people to buy into it.
Consider cell phones. Except for a handful of execs. They were originally an item that mostly 20 somethings bought into. Then they stopped..or never started..getting a land line. Then little by little everyone had one. And now we can hardly function without them. And land lines have almost disappeared.
In the past 2-3 years a fake 20-40% increase in home values, which are not warranted, along with 7-8% interest rate? Who is gonna take that deal. Thats what these kids are looking at.
I guess. We built a small house... only the two of us - 2nd smallest home in our subdivision.
The last two sales in our smallish subdivision have been $1,950,000 & $2,150,000.
There is a lot for sale for $800,000.
We don’t care — Mrs. BBB333 goes in for her next PET scan tomorrow at 8:30 AM...I just would like to have more time with her.
She’s doing well and I believe we have a few really good years ahead...
As an aside, Mrs BBB333 is a RE Broker Owner and she rents three homes in our subdivision for the out of state owners. It is better to own rather than rent — IMHO.
Thanks, FRiend.
And the government will give you power over the owners
Black Rock, Invitation Homes, and other financial behemoths began buying up single family homes around 2010.
That’s where the full cash offers above market driving the California market have come from. It’s been spreading around the country since then.
Some of these funds are rumored to be fronting for China’s sovereign wealth fund. That’s who young American buyers are competing against and they haven’t got a prayer.
Watch the police and the tax man miss me!
I sold my horse farm in the Nashville suburbs boom for thrice the price I paid in 09
I rent now so my son can finish his last two years at posh Franklin high school
From an associate at a third normal rate for a 2500 ft ranch on six acres tween brentwood and Franklin
It’s run down but very suitable
No brainer
Not sure where to go after this can’t afford to live here now
I didn’t own till aged 43
Had three homes since then and did well on all
Id like to move back to Mississippi where’s its 2/3 cheaper
But wifey not so keen and I haven’t lived there since 80
But huge family there I’ve known 65 years and seven generations of roots
Mississippi has its quirks though given demographics and crime
But I’m used to it
Stay heeled
Keep rotties on hand
Avoid Jackson proper
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.