assuming u think it was great cause u MADE MONEY TAX FREE WHEN U SOLD, if u put it in stocks prob wld have been even more

and anyway entire thing is created by a kike tax scheme (mortgage interest deduction and then tax free first 500k gains). if not for that its not a good investment

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535026)

the other big benefit is once you purchase you're no longer subject to the whims of the rental market that can easily price you the fuck out. your mortgage pmt is set until you pay the place off, once you qualify to afford it

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535078)

You’re the only person on either coast of America who has lost money on his primary residence in the last 15 years. It’s quite notable actually, well done.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47536115)

The other thing to be wary of is the crowd of real estate grifters who are like “you can get rich and retire with just 20 doors of rentals.” Lol. This was a huge trend like 3 years ago and it blew up in these losers’ face. People were making life decisions based on the assumption that their $200k rental unit that they bought with 90% leverage would cashflow indefinitely from AirBNB.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47536122)

it's funny to hear libs talk about it though, their main solution is to turn single family home neighborhoods into insane dindu thunderdomes with zoning changed to allow apartments and ADUs in these areas. they will NEVER consider this might be at least partially a consequence of importing millions of muds from everywhere over the last few years

but i don't know what needs to change or if it's all over, forever

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47534994)

home prices outpacing inflation and being an actual investment is crazy. of course, the primary beneficiaries are boomers, and they take over opportunity to selfishly pull the ladder up.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47544934)

Also, there’s more than one way to double your money. Glad it worked out for you but even at 2x what you paid, the house is basically just keeping up with inflation. You may have the same payment and a nice place to live, but you haven’t exactly gotten wealthier living there.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535831)

*looks at future*

*puts on shades*

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535384)

I read some stat recently that only like 4% of the country right now has a mortgage that is more than $2,500 - and basically they start counting at like $5,000 because that's when you have a top 1% mortgage.

I live in a red state, and to get a non-starter home you're looking at $7,000/month now for a mortgage. And these are like 2700 sf - not mansions...

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535407)

I understand it isn't all Biden's fault but at the very least its bad optics, if not causation - especially when libs were like "here's why GOP is wrong about spending bills and inflation"!

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47536592)

My bet is on car ownership. Future of transportation is dilapidated electric buses packed shoulder-to-shoulder with muds putzing around dystopian mega cities. Having your own personal car will be viewed like we view having your own airplane or yacht.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535780)

2. The jobs boomers are retiring from are being ended, not re-filled

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47535978)

They are aren’t lowering their rental prices in a crash. They can get 12 immigrants to pile into a SFH and cover the rent. It doesn’t matter to them.

This is why Trump can make it an issue, but not too large of an issue.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47545744)

Grant Cardone is a real estate billionaire and he has like 12,000 doors

management is too complicated to allow for any one company to own too much. otherwise Warren Buffet would have bought half the US thirty years ago

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47545755)

No one was kicked out of their house when house values and interest rates went up.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47536385)

Mr. Smith is a data analyst at Amazon. Together, he and Ms. McDaniel earn roughly $200,000 a year. They figured they could afford to pay as much as $550,000 for a home, though they aimed lower.

But as they sat in a conference room on a recent morning, their Realtor, Curt Johnson, projected a map on a screen that forced them to downgrade their expectations.

He had searched for houses with small pools and at least three bedrooms priced at $475,000 to $575,000. Scottsdale had no listings. The half-dozen properties he had found were scattered about 15 miles away, and beyond a freeway.

“It’s a lower-income area,” Mr. Johnson said, adding that it had “a higher crime rate.”

He drove the couple out for a look. The first two homes had tiny yards unsuitable for their dog. The third place had a huge yard and a wide-open kitchen, but the asking price was $599,000. The next one was similarly priced, and the neighborhood felt seedy. The last house was within their budget, but alongside an apartment complex whose balconies looked directly into the yard.

As they drove back to Scottsdale, they struggled to make sense of their situation.

“We have great jobs,” Ms. McDaniel said. “We’re doing exactly what we were told to do, and it doesn’t work.”

https://www.nytimes.com/2024/03/29/business/arizona-housing-economy.html

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47538365)

He added that "special attention" would need to be paid to the smoke detectors during the home inspection because they were often poorly maintained.

(http://www.autoadmit.com/thread.php?thread_id=5510454&forum_id=2#47545782)