why arent millenials getting houses?

I bought my house in 2013. It's estimated value has more than doubled since then. I don't even live in a particularly high demand area.
I don't know how anyone who isn't straight up wealthy can afford to buy a house.

>>510977073 (OP)
If you didn't buy a house before 2019 you never will

I own a house. All of my college friends who graduated before 2018/2019 own a house. None of my high school friends or post-2018 college friends own a house.

>>510977330
My mom is one of four children. I am close to all her siblings (my aunts and uncles). Only one of them has a kid and she is a drug addict. I imagine most of their houses will
Be left to me and my brother.

>>510977359
I bought mine last year. I moved to a big college town in flyover America to do it. You can do it that way, by moving to a small city or big college town in flyover America. You have to get out of the coastal suburbs and trendy cities or you’re screwed.

>>510977073 (OP)
we have them
we use fictitious persons, hire crooked attys to get crooked judges to commit legal tender frauds and send the bill to the treasury for the taxpayer individual to shore up via its children that we may or may not eat later

>>510977520
You idiot. Those houses will be sold to fund retirement and end of life healthcare or senior living. Nobody below 45 today will inherit shit.

>>510977676
>will be sold
to whom?

>>510977073 (OP)
Prices are overinflated, and a large portion of Millennials are already saddled with debt which makes getting a mortgage impossible.

>>510977073 (OP)
Have you asked Mr. Finkelstein?

>>510977073 (OP)
I am. I bought one 4 years ago, my parents are divorced so I'll inherit 2 more houses in like 20 years, each worth over 1.5 mil.

>>510977073 (OP)
29. Just bought a house on an acre in the suburbs. Already own a condo in the city. Thinking about buying another condo in the city.

>>510977073 (OP)
radicalizing the entire middle east against us is a higher priority.

>>510977073 (OP)
because they did not mined bitcoin in 2009-2010

>>510977998
>t. lying globohomo jew

>>510977783
Real estate companies who will hold onto them indefinitely in the hopes that they can offload them to a rich guy for a profit years from now.

This is a real problem with house construction and sales. For the same plot of lands, you cad either build and sell a moderately prices affordable family home for $300k, or you can sell a mini mansion for 3.5 million. What is your incentive to make and sell the cheaper home? If it takes you 8 weeks to sell the cheaper home and 8 years to sell the mansion, you STILL end up making more money on the mansion when you sell it so it makes sense to always bet on big return.

>>510977073 (OP)
why do we need houses if we don't have kids? the only ones buying these dumb things are women, mostly because they feel like they "need" to.

>>510977073 (OP)

>>510977953
You're the exception to the rule. Your experience doesn't add anything to the conversation. You sound like niggers who point to one nigger valedictorian as an example of anything

whats the point of getting a house if a nigger or indian international student is gonna do a drive by shooting you stupid ass nigger who makes these gay ass shitty fucking threads

steve o is trust fund baby celeb

>>510977073 (OP)
have you seen how much they cost?

>>510977073 (OP)

>>510977073 (OP)
None of my siblings have a house and my parents keep buying new "campers" which they call cabins and paying rent to people to keep the "cabins" next to some water source.
I often wonder why my parents did not invest in some rental property and charge the cost of a mortgage in rent to my siblings.
I would but I currently have a mortgage on a 1800s home that is nearly falling down.

>>510977073 (OP)
His test dummy head tattoo is his worst one to date. Even worse than the baby one. It looks like a skin disease.

>>510977359
A close friend of mine bought a house in Denver with cash just last year tho. He’s 33. Another friend who is 28 just bought a house in Ohio. Not fully paid off but he makes good money and will have no problem paying it off early if he wants to. Ohio is cheap but it is a nice place. I’ll be getting a house soon, just want to have plenty of cash left over after a decent down payment and make sure I get a good rate.

>>510977073 (OP)
>millennial woes
Their youth is gone and the best years are behind them. Their women are withering away, many of whom never even blossomed into motherhood. They have no assets or stake in the economy. They have no social standing and mostly stand alone.
Like an old work animal whose time has come and needs to be put down, like a stray dog who overstayed it's welcome, like an old man who understands so well the point where oblivion takes you forever, it's over for millennials they are finished.

>>510977073 (OP)
Because we're cooked.

>>510977073 (OP)
Most millennials are already in a house already

>>510977073 (OP)
We spend our money on pcp instead

Because owning a house is a commitment, not only to a mortgage, but to your community and hopefully a family.

Millennial are incapable of any of that.

Except they are
All my friends have houses. It's just me that's a rentoid but I'm also a loser (could front a house with cash but what is the point)
...
Are you sure that is not your problem too?

>>510979431
>>510979450
And this is the reason. I don't have the other components

>>510979431
so what prevents parents from renting to their children until they inherit the house?
did the boomers refinance for something?
are the boomers still paying off interest?

>>510977073 (OP)
Because they need to feed my bank account. Rents due on the 1st, my friends. Don't be late, or that will be an additional fee. Kek

>>510977073 (OP)
Because they're not cell phones and most of them don't drive or have a license.

>>510977073 (OP)
I can't fucking afford one.

>>510977073 (OP)
I live in the middle of nowhere rural Illinois in a town of less than 5k people.
The house right next to me sold for 170k

It's not particularly big and has little to no property.
People drive 60+ miles a day for jobs here.

>>510977998
Jew or larp.

Boomers could have started a business that rents homes to their family members at cost.
You wouldn't need to make profit and could allow your children to live in a house.
What happened?
Why are you still paying a mortgage in your 60s?

>>510977073 (OP)
For me it was because I saw the msrket exploding and knew I couldn't catch up on my own. So I asked my parents for help. Not to buy me a house, but to contribute something just to make a minimum down payment. I was told that was too much to ask for. The market exploded. Houses went up by more than my annual earnings year after year. The year after I asked for help they bought a lakeside cabin. I am alone against family's that give a shit about their children and investment firms. That's why I don't have a house.

Is that why mortgage rates are so high?
Because banks are already invested in boomer refinances and can't lend more money?

>>510980190
>Because banks are already invested in boomer refinances and can't lend more money?
Sorta. The Fed was 'forced' to raise interest rates because of rampant inflation post-COVID, and mortgage rates are downstream of that. Homebuyers are just on the wrong end of the high-low cycle atm

>>510977073 (OP)
>older millenial
>bought house in 2018 with 20% down payment.
>property 3x in value the past 6 yrs.
>my current mortgage is 1/3 the cost of renting an equivalent sized house.
Housing was in reach for a lot of us right up to coronavirus. Thing is a lot of my generation chose to spend money on dumb shit. For example. When I was buying my house a lot of my peers told me I was a tard for buying a house as a single guy and that I should keep renting and take my down payment to "bruh buy a sports car broooo the bitches luv it!". Other millenials I've known would rather go on 1-3x expensive vacations on credit a year though I don't see a lot of that happening anymore with the high cost of living.
Kind of hilarious because now 6 years later they bitch about the high cost of rent.
Sucks for GenZ and GenA because they never had a chance. Millennials had a chance but many of us blew it.

>>510980386
that's only true for people that bought houses they couldn't afford initially (a lot of millenials are "house poor" cause they wanted a mcmansion). I had to refinance under the new rates and I'm fine.

>>510977073 (OP)

I built a blanket fort on my bed in my parents basement. Mortgage jews BTFO. I'm on the board of directors, and I have UNLIMITED POWER in deciding the height of my walls, hell even the shape of my entire domicile. I also make all of the laws (no niggers allowed) and host nationalistic assemblies nightly. I even allow the ambassador from kotland to sleep in my fort.