Anon is mentally Retired
Posted by AlphaMassDeBeta@reddit | 4chan | View on Reddit | 29 comments
Posted by AlphaMassDeBeta@reddit | 4chan | View on Reddit | 29 comments
FinancialElephant@reddit
Your house is only real appreciating if it increases relative to the rest, otherwise it’s just inflating along with the other residential real estate.
If you sell your house and can’t afford a better house, what was the point of the “appreciation”? You still need a place to live. Even worse, your property taxes increase because of the “appreciation”.
oby100@reddit
And it’s why homeowners are so dumb for mindlessly opposing new builds. Your equity means nothing if you’ll need to just buy another house anyway that’s inflating at the same rate.
The key tenant of capitalism is a healthy economy with fair competition is good for everyone, but many homeowners seem to think they can get rich restricting supply because they’re too dumb to understand they only have a single property that they live in.
paragon60@reddit
yall are missing how many people own multiple homes as rental/investment properties, sometimes because a relative passed away and left them an extra house. it’s a minority, but a significant one that i keep meeting members of
FinancialElephant@reddit
Yeah, but if they want to stay exposed to residential real-estate as an investment the same issue applies. Their appreciation doesn't allow them to reinvest in an actually better property, just an equivalent one. The residential real estate all rises on the same tide. Artificial scarcity instead of true appreciation.
paragon60@reddit
even assuming that they necessary never want to cash out to a different asset class, the paper appreciation allows them to charge higher rent, or even use the house as collateral to go buy something else
Coelachantiform@reddit
And this is why big conglomerate landlord-companies are the literal spawn of satan, leeching from the rest of society and strangling the ever-increasing demand for a roof over your head.
paragon60@reddit
i dont disagree on ethical grounds, but those companies are really not the boogeyman that drives the cost the most. corporate ownership of single family rentals is single-digit-%. that means over 90% of the rental homes in the US are just owned by mom-and-pop landlords, which are the people i’ve met plenty of. hell, i know people in their early-to-mid 20s who are already buying airbnbs to rent out. americans are too eager to be angry at “corporations” as a scapegoat
Round_Bullfrog_8218@reddit
They don't need a better house in fact a lot are looking to downsize and move to like an over 65 community and use extra money on vacations. Also boomers fight tooth and nail against property tax increases.
DreamsServedSoft@reddit
significantly cheaper rent is the point. you get zero back when you rent a place
inb4 maintenance costs. absolutely worth having no neighbors
mischling2543@reddit
The play is selling your house and buying a new one in Mexico or Thailand
angrybluechair@reddit
Plus they'll "appreciate" all the young working population out of there until the local economy hardly exists, schools shut down and pubs close until all that's left is old pensioners. We will see what happened in Japan and Spain, vanishing villages were the population is constantly decreasing to the degree they give homes away for practically free.
LuvMeChippy@reddit
Post nose
oni_no_onii-chan@reddit
This post is honestly looks like if you give a 40 year old officer 3 page guide of "how to talk 4chin" and want him to write propaganda.
NegativeVega@reddit
What does "strong conservative home owner" even mean, dude is unhinged
FinancialElephant@reddit
Trump saying he didn't want home prices to go down was one of the absolute most moronic things he ever said. It should have been career suicide, it's crazy how little pushback he got for saying that.
If you don't want young families to own homes, what the hell does being "conservative" even mean?
HonestLemon25@reddit
Anon is right lol. Absolute morons blaming boomers owning single family homes they’ve had for decades instead of selling it and then killing themselves so a millennial can own a home. Seriously what’s the expectation here?
Blame the government putting a trillion restrictions on building homes and having no rules for rental properties. Blame the investment firms buying up every single family home in the US to ensure you don’t ever own one. Blame the government for taking bribes from these companies and turning you against the common man.
TL:DR if you think boomers are the enemy you are retarded goycattle.
Supremely_Zesty@reddit
Those same boomers own multiple properties that they bought for pennies and charge out the ass to rent a run-down bungalow that they are too lazy to get off their ass to maintain. The symptoms of old age can't manifest themselves soon enough
HonestLemon25@reddit
One boomer owning 3 properties vs massive multinational conglomerate owning 2 million. Take your pick
maestro_erwin@reddit
How about both of those options suck?
mischling2543@reddit
Who do you think voted for these clowns in the first place, and who do you think continues to keep them in power?
fatfuck5@reddit
But that's not what happened. They bought an affordable home, overpriced it, sold it to blackrock, bought another affordable home, overpriced it, sold to blackrock, bought another affordable home...
Brd457@reddit
“You’re an idiot for blaming the boomers!! Instead blame the government (boomers), the people voting for the government (boomers), and the investment firms(boomers)!!!!”
MarketCrache@reddit
Vrillium watcher?
i_h8_yellow_mustard@reddit
OP is 75 and glares at anyone under the age of 40 daring to be outside.
lewd-boy-o@reddit
"Jesse what the hell are you talking about?"
greyetch@reddit
Libs = owned
Everyone else = owned, but you make an omelette without crashing the global economy and starting pointless wars and covering up the Epstein files, now can you?
thatjazzybee@reddit
Op is 75 years old.
wisdompuff@reddit
As the money supply increases so does asset valuation. Its not conservative or boomer intelligence here, its mass dilution.
FantasticWeirdPerson@reddit
True and gay.