How the fuck do people buy houses
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Lopin18




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PostPosted: Wed, 5th Apr 2023 05:09    Post subject: How the fuck do people buy houses
Holy shit, a decent house with space to have privacy and enjoy my car means 500k+ for anything, even far away from the cities. I think we make good money and it would still be 4k-5k a month.

Sigh, oh well. Mad
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FireMaster




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PostPosted: Wed, 5th Apr 2023 05:43    Post subject:
They take loans for one far far away from the city and commute to work or work from home.
You said "space to have privacy and enjoy my car" I'm assuming you're going for what counts as a "mansion" these days. So $500k sounds about right.

Even in a third world country you won't find a habitable basic house under a $100k.
People either inherit them or take loans crossing fingers they can keep up with the payments.
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Interinactive
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PostPosted: Wed, 5th Apr 2023 05:47    Post subject:
When I was ~16 or so, we were given the option to pay $200k for the house we lived in.

$200k was fucking bullshit in my mind. My first job paid $250 a week. This is that house now (they demolished the old one which was basically a shack)

FML

Though, tbh, at every point in time it seems like house prices are too high and out of reach.
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garus
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PostPosted: Wed, 5th Apr 2023 09:42    Post subject:
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Last edited by garus on Tue, 27th Aug 2024 21:18; edited 2 times in total
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FireMaster




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PostPosted: Wed, 5th Apr 2023 09:58    Post subject:
in the U.S you need super galactic dollars for the full American dream™ experience if you're younger than a boomer with no inheritance.
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AmpegV4




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PostPosted: Wed, 5th Apr 2023 10:20    Post subject:
Interinactive wrote:
When I was ~16 or so, we were given the option to pay $200k for the house we lived in.

$200k was fucking bullshit in my mind. My first job paid $250 a week. This is that house now (they demolished the old one which was basically a shack)

FML

Though, tbh, at every point in time it seems like house prices are too high and out of reach.


this is too high and out of reach. Just spectating the continual rate rise to watch this bubble burst.
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sanchin




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PostPosted: Wed, 5th Apr 2023 10:24    Post subject:
I bought my flat in late 2019. The prices then were already rising, though not as fast as in the following years. Now similar flats in the area are almost double the price per m2 and you have to pay 50% more for finishing works and furnishing.
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HIz




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PostPosted: Wed, 5th Apr 2023 12:33    Post subject:
What ? Dont you like the american dream ? Laughing

But yeah , mostly anywhere "safe", houses are expensive . If you dont inherit some little fortune from your parents/grandparents ( house , land ) that you can sell you/wife and buy your dream house ... only chance is to get a loan and pay for some decades .

If you check some stats you can see more and more people live in rent and house ownership is getting lower by time , except for east europe Smug

Maybe move to bulgaria ? Cool Face


Yeah, well, that's just, like, your opinion, man. Reaction
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TheZor
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PostPosted: Wed, 5th Apr 2023 13:28    Post subject:
I don't know how we will manage to. Rates are going through the roof while the market is not really healthier nor prices lower - but as seen in a report yesterday, investors are asking for more deregulations so that the market may be more fluid and fair (Laughing Laughing Laughing).


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iconized




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PostPosted: Wed, 5th Apr 2023 14:36    Post subject:
You just squat a building. Smile

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DXWarlock
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PostPosted: Wed, 5th Apr 2023 15:46    Post subject:
I got mine out of pure luck an timing.
My landlord I rented from decided to stop wanting to be a landlord. So me and wife went 'Welp..guess we are getting, might as well buy a house this time when we move"

And got ours for 175k. in 2017. A nice house with a pool in a nice neighborhood, just because of pure luck of when we was looking to buy.
Its worth 310k now. Fucking ridiculous. I couldn't even afford my own house now if I wanted to buy it now.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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Frant
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PostPosted: Wed, 5th Apr 2023 16:09    Post subject: Re: How the fuck do people buy houses
Lopin18 wrote:
Holy shit, a decent house with space to have privacy and enjoy my car means 500k+ for anything, even far away from the cities. I think we make good money and it would still be 4k-5k a month.

Sigh, oh well. Mad


I take it you didn't really read up on the ridiculous housing costs in the US?


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DXWarlock
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PostPosted: Wed, 5th Apr 2023 16:24    Post subject:
It sooo tempting to sell my house if it wouldn't be such a hassle, an upheaval of our life and shuffling everything around as well as being hectic and annoying.
Sell my house for the outrageous price of 310k, wait for market to pop eventually while we rent some place and just buy my house back (or one like it) for 180k outright after market crashes and be free and clear of payments.
I could sell it, pay off the 150 I owe on it, and have 160k profit to buy a house with when the craziness stops (problem is IF it stops, and if so does it go back to what it was..or just less crazy but still crazy)

The temptation is there, but I am not a risk taker, at least not like that. Even an educated gamble is too much hassle waiting for when, or if, it pays off on such a big deal like having a predictable place to live.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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FireMaster




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PostPosted: Wed, 5th Apr 2023 17:51    Post subject:
I'm no expert but sadly I don't think this is a market that will pop anytime soon. Far more people are being made than houses.
Even if you sell your house, you'll have to move far far away to afford a new one or settle for a smaller one IF you want to profit.
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garus
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PostPosted: Wed, 5th Apr 2023 17:57    Post subject:
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Last edited by garus on Tue, 27th Aug 2024 21:18; edited 1 time in total
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paxsali
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PostPosted: Wed, 5th Apr 2023 18:13    Post subject:
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DXWarlock
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PostPosted: Wed, 5th Apr 2023 18:25    Post subject:
garus wrote:
Would you even make money on this with high rent costs? The best investment you could make is paying off your mortgage sooner, the interest is killer.

Depends on how minimalistic I could talk wife into going as a temp place in between. Since kids are moved out, well mostly. Son is actually moved out but daughter 'lives' here...as in her mail comes here and she comes by for a few days a month in a row now and then for clean clothes and food.

But with them out, dont NEED a 3 bedroom, 2 bath with an office and formal dining room anymore. Could get by (well I could, wife might disagree) in a 1 bedroom apartment for all I care.
I dont need/want a yard I dont do anything in it. We got a huge side yard on the far side of the house since we live on a cul-de-sac and have one of those pentagon shaped yards, and you could camp there for a week and I wouldn't know you are there, I never go over there.
A garage/shop is a want I have to fumble around with woodworking and shit. But I could do without for a year or two if it means I could pay for my house outright.

And for paying it down faster, dont have the spare cash. I make comfortable money for my position at work. But wife works at a grocery store at the service desk, so it's almost like we are a single income family, her pay covers groceries, car insurances, and other small random stuff. Rent, lights, cable, water, 4 cell phones, etc of all the big bills are 'mine'.

We bought right at the edge of what we could afford with some 'oh shit' wiggle room. $1300 a month now. I MAYBE could do $1500 for 200 extra a month if I stopped buying random tools, unsubbed from shit we dont 'need' like netflix, 2GB internet, spotify, amazon prime and such.


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.


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garus
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PostPosted: Wed, 5th Apr 2023 18:30    Post subject:
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Radicalus




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PostPosted: Wed, 5th Apr 2023 20:40    Post subject:
Paying 500k for a house in the US is hard ... now imagine, a house costs just as much in much poorer place in Europe.

I built my house in Hungary, and the only way I could do it, was that I actually own and operate a company. And I have done so for more than 10 years now. In IT. And only NOW, after 10 years could I afford a house. And even then I was very lucky.

Housing market is fucked, guys.
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PumpAction
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PostPosted: Wed, 5th Apr 2023 23:02    Post subject:
We planned to build a house in 3 years, after saving some money (because property and house prices are THROUGH THE ROOF) like any sane adult would do. Then we said to ourselves that 3 years are far away and that we'd need a replacement for the company car that I had to return last year. So we bought a new car. And just 2 months later we found our dream home for a "fantastic" price and now we try to scramble any penny that we (and our parents) have to get a loan so that we can pay off that house over the next 30 years Crying or Very sad

I am really bad with money it seems :'( Or I just need more of it... anyone with solid ideas? Mr. Green


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Yuri




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PostPosted: Thu, 6th Apr 2023 00:32    Post subject:
PumpAction wrote:
I am really bad with money it seems :'( Or I just need more of it... anyone with solid ideas? Mr. Green

Start pimping Paxslutty at a higher rate for better returns.



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paxsali
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PostPosted: Thu, 6th Apr 2023 00:43    Post subject:
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Lopin18




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Location: US
PostPosted: Thu, 6th Apr 2023 08:03    Post subject:
First time house seeing, drove half of NJ to look at 3 houses where the devil farted and forgot. one house that still has those locks from 1800, that were basically hooks. 580k. First floor looked dreamy, it was cool, second floor was like a rally course (floor was rough wood basically). NUTS.

Second house was in Trump land, made for dwarves (roof was like 6.3", im 6.4")

3rd house looked neat, small but neat and pretty, sold by the time we got there.

Man, this is fucking nuts, this is supposed to be the end of the road and it was still 500k+ for anything kind of decent. I was hoping to get 3/4 or 1/2 acre with 2 garages and some open space to park a trailer for my car. It is really a dream i see.

But yes, housing market is made for investors and rich people right now, whats scarier is that i dont think prices will ever drop, on the contrary. How are these fking kids gonna move forward? this is nuts. And the gov isnt doing enough to stop people hoarding the inventory to rent.

I used to think i should sell both parent houses in DR, now im thinking of keeping them, in 20 years i probably wont be able to pay the mortgage i might take today. Looks like retirement will be back to DR
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AmpegV4




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PostPosted: Thu, 6th Apr 2023 08:47    Post subject:
Your talking USD, they seem somewhat rational pricing in today's climate. Appreciate your posts btw, provides a very real look at migrating to a new country and the things you have experienced.
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Lopin18




Posts: 3355
Location: US
PostPosted: Thu, 6th Apr 2023 16:36    Post subject:
Well i can say that coming from DR, a shithole. What the US is doing is beyond retarded

In DR we have a few conglomerates that are NON-stop building housing, cheap, decent, high end, doesnt matter, all range of buildings. Constructora Bisono is a famous one

This is their company vision and they really make it true
Our vision is that every Dominican can forge their family under a solid, healthy roof and, above all, their own.

They build SO many housing projects that it is rare to not find something, Bisono is so well known that people just say "This is a bisono project, its great" City expanding all the time and its going well for people in DR, young people are getting decent housing. Even today they are making affordable housing

In the US its like theres space for NOTHING, noone building shit, everyone hoarding or renovating with shit work just to make it look pretty to sell to a high price. Im starting to feel the big interest overall is for real state to be an investment tool and renting high is the goal.

Anyways, just dumbfounded of how people are making due, 400k means around 3k+ in monthly payments, in an environment where firing people is easy as shit, in DR to get fired you are legally getting a severance package. There you can probably pay your rent for 6+ months on those packages. Over here MAYBE you get a package that will cover.... 2 months.
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DXWarlock
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PostPosted: Thu, 6th Apr 2023 17:18    Post subject:
@Lopin18
Because the American dream boils down to: Have what you want, when you want, easier than expected, and juuust a little bit more than the guy next door so you can feel you 'made it'.
'Keeping up with the Jones' as they say.

Which sounds great on paper, but everyone cannot have a little bit more than everyone else. So those that can have more, keep competing to have more until there is only a handful left with so much they just compete with each other. While the rest fight to have 'more' than everyone else of the far less that is left to go around.
So the ones that have the means, horde the scraps in an attempt to feel secure themselves, at the expense of those 'lesser' than them having that same comfort.

Mix that with the flawed yet continuously pushed idea of that its equal for all, its just laziness that stops the rest: "This is american, anyone can pull yourself up by the bootstraps and can also be a winner at the game of American Capitalism and wealth".

The American dream + uncapped encouraged capitalism + decades of complacency = Where we are now.
In America the underlying tone is if you are poor, and cant manage its all your fault. You didn't take advantage of the beautiful system america graces you with to become rich. No other way around it...it really is all your fault in the end you are poor is the conclusion we do: "If you cannot not be poor in the freest damn country in the world (cough), then I dont know what to tell you."


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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TheZor
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PostPosted: Thu, 6th Apr 2023 17:47    Post subject:
Read an article about how individual housing is pretty much a pipe dream now, and that it won't get any better - the tone of said article was very much "you better start dealing with that reality". It was pretty rich coming from individuals most likely loving in invidiual housing, but wcyd Laughing

Space is finite and limited, so if you want green spaces and what not, a somewhat healthy urban framework.. well, collective housing is the only solution. And that comes with a lack of privacy, noise issues (since phonic isolation is almost never considered) and whatnot.. I figure it wouldn't be so bad if collective housing rymed with more solidarity, but I doubt it's really what humans were designed to end up with. And let's be honest, there is no shortage of selfish assholes to ruin it for an entire building.

Unless we drastically reconsider our careers and manage to relocate in some nearly empty region (wouldn't mind it, although I love the anonymity a big city offers you), wishing for a garden and whatnot is but a pipe dream to us. Sad


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tonizito
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PostPosted: Thu, 6th Apr 2023 19:29    Post subject:
iRent


boundle (thoughts on cracking AITD) wrote:
i guess thouth if without a legit key the installation was rolling back we are all fucking then
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DXWarlock
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PostPosted: Thu, 6th Apr 2023 19:52    Post subject:
@TheZor
It doesn't help americans are needy for 'big' everything. Including yards they dont need or really even use. Not to mention a 'McMansion' is most people's ideal of making it: Big gaudy house on big piece of land with grass so green it looks painted on.

McMansion for those unfamiliar with the term
https://en.wikipedia.org/wiki/McMansion

As a person that dreamed to be an architect as a kid, and started schooling for it in 9th grade...they are SO f'ing ugly to me. Everything is wrong about them. Your architect is bad, and you should feel bad:
 Spoiler:
 

Now I dont advocate for the pickle box style of housing where its huge house 5 feet from the next house like some places here do. But also think needing the space for 3 houses just for yours that you dont even use is pointless.
Not sure if that is the right term, heard it from some old guy when I did construction. Not even sure what a pickle box is or would be...

But there is SO much wasted space for massive bloated houses and massive yards that most of the time all you see it used for is a place for their labradoodle to take a shit in. All in the name of "American dream baby! I made it look at my faux mansion, and nearly neon green lawn!"


-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf

Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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garus
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PostPosted: Thu, 6th Apr 2023 20:54    Post subject:
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