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The "starter home" is no more, but that was always the plan

submitted by RobertJHarsh to EconomicCollapse 11 monthsJun 8, 2023 10:29:55 ago (+11/-1)     (mishtalk.com)

https://mishtalk.com/economics/the-starter-home-is-no-more-even-in-second-tier-markets

Realistically they want a nation of renters, not property owners. Property ownership (along with the 2A) has always been the primary stopping block for the (((international elites))) to impose full communism on the US. Now if you don't pay your taxes on the property they can take it from you, and they will. But suppose you pay off house you're in. I bet you can work as a Walmart greeter or McDonalds and make enough to cover the taxes each year. Housing is the biggest piece of anyone's income and once you have a free and clear place (and with most states protecting primary residents from lawsuits) you can pretty much be in a "Fuck you" position. They can't make private property ownership illegal but they can make it so no one can afford it.


11 comments block

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[ - ] observation1 3 points 11 monthsJun 8, 2023 11:06:10 ago (+3/-0)

You can still buy land and build it, you just can't live in LA, SF, Denver, Minneapolis, Tampa, or NY. But did you even want to?


If it has a building on it, USDA loans are 0% down. You don't even need any cash down.

Stop trying to live in a major city. Those places are wastelands anyway.

[ - ] Portmanure 2 points 11 monthsJun 8, 2023 10:58:09 ago (+2/-0)

Property tax should only be paid once. Not yearly, if it’s paid yearly you’re just renting.

[ - ] PotatoWhisperer2 0 points 11 monthsJun 8, 2023 16:35:42 ago (+0/-0)

At least make it al-la-carte. Choose what you want to pay yearly for, almost like that evil capitalism!

[ - ] PearofAnguishJuniorManager 1 point 11 monthsJun 8, 2023 10:55:59 ago (+1/-0)

I paid 102k for my first house and lived there about 10 years. Now it’s worth 700k. But that’s Austin prices, which are crazy. Anywhere else, the house is worth about 350k.

I would not have been able to afford that same home as a starter, in this market.

[ - ] UncleDoug 1 point 11 monthsJun 8, 2023 10:43:24 ago (+1/-0)

debt slavery inc.

[ - ] KyleIsThisTall 0 points 11 monthsJun 8, 2023 16:12:24 ago (+0/-0)

eminent domain

they can change zoning on a whim and steal your land, then give you a few wooden nickels and claim it was fair compensation

[ - ] RobertJHarsh [op] 0 points 11 monthsJun 8, 2023 16:23:10 ago (+0/-0)

That can always happen.

[ - ] PotatoWhisperer2 0 points 11 monthsJun 8, 2023 16:36:51 ago (+0/-0)

2nd amendment + strong community. Of course, we don't have the 2nd part and much of the amendment part is waning.

[ - ] AugustineOfHippo2 0 points 11 monthsJun 8, 2023 13:38:01 ago (+0/-0)

1st, builders don't build starter homes because there is no money in it.
2nd, why would you want to live in those expensive cities listed in the article?
3rd, people need to temper their expectations in this crazy market and buy a fixer-upper.
4th, yes, this market is insane and totally manipulated to screw people over.
5th, life is hard, but our pioneer ancestors lived in sod huts and log cabins, so let's be thankful for what we have.

[ - ] purityspiral 0 points 11 monthsJun 8, 2023 14:03:21 ago (+0/-0)

When I got approved for the loan I never took... it was 350k and they told me outright that it could not be a fixer upper.
They want 150k for the log cabins. There is no valid comparison. You either feed the machine enough to be paid or you rent.

[ - ] inaminit 0 points 11 monthsJun 8, 2023 12:23:02 ago (+0/-0)

A banker told me the other day that they will not lend money to buy land for building a house.