“The monthly payment is only the average total sale price of a house nationwide. I see no problem here. Just pull yourself up by your bootstraps and do a little overtime. Kids these days don’t know the meaning of work.” ~ boomers
Every house I loot at literally anywhere is like this: bought for 75 - 100K in the 80s, and now being sold for 750,000 or more because fuck you is why. The new generation is being stuck with crippling interest rates AND crippling house prices. Boomers love to bitch they had to pay high mortgage rates, but houses back then barely broke more than 100 - 200,000 and a house that was 300,000 or more was a rarity.
10% on a 100,000 house is much different from 10% on 650,000. And on top of this we have idiotic laws allowing foreigners buy up property, meaning the average joe is competing against chink millionaires, saudi arabian princes, etc. If this isn't proof TPTB despise you i don't really know what is.
It was probably a 'flip' for an HGTV show. You know, paint a few walls, new appliance, marble counter tops, plant some new shrubs. Totally worth an additional $48M.
[ + ] Tallest_Skil
[ - ] Tallest_Skil 2 points 1.7 yearsAug 19, 2023 11:58:43 ago (+2/-0)
[ + ] CovidHoldout
[ - ] CovidHoldout [op] 1 point 1.7 yearsAug 19, 2023 12:29:24 ago (+1/-0)
10% on a 100,000 house is much different from 10% on 650,000. And on top of this we have idiotic laws allowing foreigners buy up property, meaning the average joe is competing against chink millionaires, saudi arabian princes, etc. If this isn't proof TPTB despise you i don't really know what is.
[ + ] gimpyoldman
[ - ] gimpyoldman 0 points 1.7 yearsAug 19, 2023 15:05:05 ago (+0/-0)
[ + ] Anus_Expander
[ - ] Anus_Expander 0 points 1.7 yearsAug 19, 2023 14:56:39 ago (+0/-0)
[ + ] PhantomXLII
[ - ] PhantomXLII 0 points 1.7 yearsAug 19, 2023 13:08:42 ago (+0/-0)
[ + ] Panic
[ - ] Panic 0 points 1.7 yearsAug 19, 2023 16:02:54 ago (+0/-0)