Thread 61127974

>be me, in my late 30's
>decide one day to check out the prices of homes in the working/lower middle class suburb I grew up in late 80's/90's
>house 1: $4,385,000
>house 2: $6,500,000
>house 3: $3,990,000
>house 4: $5,582,000
>house 5: $2,959,399
>townhouse 1: $1,205,000
>townhouse 2: $1,460,000
>house 6: $11,600,000

Since when the fuck did everyone become a multi-gorrilionaire? My parents bought a house in that suburb for $74,000 in 1985.

>>61127974 (OP)
>My parents bought a house in that suburb for $74,000 in 1985.

Holy shit you people are retarded. You gotta realize back in the day the salary was also way less. No shit everything was cheaper than.

But nice try creating another incel bait thread tho! Here is a (You) anyway

>>61127979
>he thinks salaries has 50x'd since 1985

>>61127979
My mum said they put $25,000 down on that $74,000 house in 1985.

How much are you fuckers making
Must be like 300,000 a year if youre buying a 11 million house or more

>>61128023
ya know 300k a year is less than 3% of 11m right? nobody getting a 11m on 300k kek

I make over 300k and I AM POOR.

>>61128023
The house are just normal houses. 4-5 Bedrooms lol. I dont get it.

The AUD is a true shitcoin I guess.

>>61127979
nigga please

>>61127979
didn't know people were getting paid in peanuts in the 80s bro

>>61128027
I make $125k and my bank account is negative right now and I’m $15k in credit card debt. LMAO

>>61127974 (OP)
>Since when the fuck did everyone become a multi-gorrilionaire? My parents bought a house in that suburb for $74,000 in 1985.

They didn't - we kept printing money. Glad I could help.

>>61127974 (OP)
Holy shit you're late.

maybe try for a different neighborhood then?

>>61127979
For your sake I hope this is a troll post

>>61127979
nice bait. not taking it. I see you clearly anon

>>61127974 (OP)
>Since when the fuck did everyone become a multi-gorrilionaire?
>My boomer parents bought a house in that suburb for $74,000 in 1985.
No, nobody became gorrilionaire. Boomer prices.
Boomer prices are collapsing right now all over the country. Just wait, it will all collapse by 20-30% shortly.

>house 2: $6,500,000
>house 4: $5,582,000
>house 6: $11,600,000
Are you looking at McMantions or beach properties?? Why, are you rich??

>>61127974 (OP)
Yes. It is unironically fucking over if you didn’t buy a house 40 years ago. This is near where I live

You need to make over 1M a year or be a trust fund baby to buy here

>>61128113
The real estate prices are currently collapsing , we are in 2006-2007 era of a previous housing bubble (also boomer created).
Wait, the housing prices are currently collapsing,
look at 2006-2007 charts and what happened next few years, this is what we are looking at right now.

>>61128113
>Mclean, maryland / Virginia border
>next to Washington DC
Nevermind, ignore that.
Washington DC is producing a MASSIVE FOUNTAIN of billions of $ of free cash that the US gov took from taxpayers.
The 1 - 2 hour area around DC is where those billions of $ of mostly taxpayer money is flooding. So of course houses are crazy expensive in that area.

>>61128145
Yeah DC prices almost never collapse even in 2008 they barely went down

>>61127974 (OP)
Im making $500 a month, I dont dream of having a house, or a gf, or anything to be honest, nobody want to help me, not my government, or my society, I live with my parents, and my world is dark. I have nerve pain in my lower limb, I wish I could travel, but I barely can walk.

>>61128165
Its not ur fault

>>61128165
Sound like a faggot, I get 700 a month and am happy even though I have schizophrenia, at least I'm not dead

>>61128165
working from home is a thing

>>61127979
Impeccable bait. Well done.

>>61127979
My dads first job out of college in the 80s was 20 an hour
Mine was 18 dude fuck

>>61127974 (OP)
This specific suburb grew in value, it doesn't necessarily reflect the rest of the country

61127979(denied)

>>61128420
In the 1980s my dad got a big raise for passing professional exams and getting professional license. He went to $37k and my mom started dancing because she thought we were so well off from that. We actually went to Disney World.

The 80s and 90s were the peak of American existence. It’s sad how quickly it all went to shit.

>>61127979
lazy bait

>>61128598
Congratulations, now imagine all the kids today that won't get to have those experiences you had. Reflect and be thankful for your journey

>>61128658
Yeah my own kids won’t be able to experience it.

For instance, the Disney world I went to was full of white people.

>>61128023
It's not regular people.
Most Anglo-sphere countries, as far as I know, will let anyone buy real estate there.
Where I live in the United States there has been a very significant presence of overseas Chinese investment into real estate.
It is less about making more money and more about preserving money by getting it out of China and therefore out of reach from the Chinese government.
Additionally, large asset managers like BlackRock are active participants in the real estate market.
I don't know exactly what they do but these kinds of financial institutions have incredibly sophisticated ways of repacking debt or moving things across internal balance sheets and I am sure they're using it generate significant tax relief as well.
Basically, the average person in the Anglosphere, specifically the United States, is competing against is competing against the largest financial institutions in the world as well as international professional level investors for a home your grandparents bought 75 years ago with their savings from the refrigerator factory they started working at when they graduated high school.

>>61128028
oh you're an aussie
that makes sense

>>61127992
>put $25,000 down on that $74,000 house in 1985.

heres what 25k in sp500 would have done

>>61127974 (OP)
I always get Zillow listings from around Boston because I used to live there. Look at this shit. $1 million for this 1970’s piece of shit.

>>61127974 (OP)
It's bad everywhere, man. I live in an Eastern European, post-soviet country. In the early 90s my parents bought a very nice big house for $30k USD (actual USD, it was common to use USD for major purchases back then since the local currency was so unstable). How much do similar houses in that same neighborhood cost? About 550k euro. Back when they bought their house my dad was a truck driver, my mom was a florist - very ordinary jobs that anyone could do. Nowadays you'd have to be the CEO of a successful company to be able to afford something like this. The world has definitely shitflated in the last 30 years.

>>61128984
In Italy 880k in most expensive turistic Mountain Village.
Usa Is Country fucked

>>61128984
I could buy that for 350k in the Minneapolis/st. Paul metro area

>>61129051
Aren't wages in Italy extremely low?

>>61129082
2000€ public Sector White collar.
1500€ Blue collar in industry.
1800€ White collar private industry.
No Tax for rich foreigners

>>61128959
Can you live in an sp500?

>>61128028
Next time fucking clarify youre a undertard, you fucking undertard. A kebab is like $40 there and you are confused by housing prices? Fuck outta here

>>61128130
Nothing is collapsing woth unlimited jeet demand.

>>61127974 (OP)
>Inflate the shit out of the currency
>Invite lots of shit skins to inflate the population
>Implement lots of zoning laws and regulations to prevent new houses from being built
Its not rocket science why your parents house is now worth a couple of millions, anon.
The only reason why there hasn't been a revolt is because half the population don't even have an inner voice.