Why aren't Millennials buying homes?

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Land value is too expensive duh.

You make this same thread every other day

Land cost, rent costs, and property taxes.

I did.

Selling it before the housing market crashes in this shitty country and moving back in with my parents to weather the storm.

You too huh? Still, I'd like to bash the Zionist fascists that created this mess of a country

that's one of those cuck sheads a father builds for his teen daughter so she can fuck as many guys as she can and not disturb family in the main house.

college debt so they cant get a good mortgage

Millennials here can't afford a mortgage because they pursue a non-STEM degree in lieu of learning a trade, which can yield an annual salary of 100k a year. Instead, they'll work as baristas at Starbucks, saddled with debt.

all the jobs moved to cities
so did all the people

Everything too expensive.

How the fuck can you buy a home these days???

solution: we genocide africa and then develop it as real estate, send all of the millenials there

dailymail.co.uk/news/article-2174389/Cambodian-fathers-build-sex-huts-13-year-old-daughters.html

Checkmate, I know someone working at Starbucks with a stem degree and still can’t find that career.

AS ALWAYS NEW ORDER OF BARBARIAN HAS THE ANSWERS.

"HOME OWNERSHIP A THING OF THE PAST

Privately owned housing would become a thing of the past. The cost of housing and financing housing would gradually be made so high that most people couldn't afford it. People who already owned their houses would be allowed to keep them but as years go by it would be more and more difficult for young people to buy a house. Young people would more and more become renters, particularly in apartments or condominiums. More and more unsold houses would stand vacant. People just couldn't buy them. But the cost of housing would not come down. You'd right away think, well the vacant house, the price would come down, the people would buy it. But there was some statement to the effect that the price would be held high even though there were many available so that free market places would not operate. People would not be able to buy these and gradually more and more of the population would be forced into small apartments. Small apartments which would not accommodate very many children. Then as the number of real home-owners diminished they would become a minority. There would be no sympathy for them from the majority who dwelled in the apartments and then these homes could be taken by increased taxes or other regulations that would be detrimental to home ownership and would be acceptable to the majority. Ultimately, people would be assigned where they would live and it would be common to have non-family members living with you. This by way of your not knowing just how far you could trust anybody. This would all be under the control of a central housing authority. Have this in mind in 1990 when they ask, "How many bedrooms in your house? How many bathrooms in your house? Do you have a finished game room?." This information is personal and is of no national interest to government under our existing Constitution. But you'll be asked those questions and decide how you want to respond to them."

You wont need a home as a tradie since you'll be gone for weeks at a time on jobs hundreds of miles away.

That's a dog house.

They are lazy cunts who wasted the best years of their life on a sociology degree.

Because there are unlimited 100k+ jobs and all you have to do is get the right degree.

Are you really this retarded?

Because the wealth of the nation has been squandered, leaving the most recent generation without anything to look forward to. And boomers wonder why there's an opiate problem.

Because its nicer to have an apartment. If the fags and ghetto people move in, I can just break my contract and move away rather than stay and have my house shot or fags throwing their piss bottles at my home.

Historically, after a crash the market goes up. Hold on to your real estate unless you need a ton of capital right now.

Never buy a house unless it's multifamily and you will rent it out. Rent where you live, own what you rent

>1990

Hah

Never take financial advise from Sup Forums

Say a house is $200,000. You can put 5% down ($10,000) and finance the rest

With your defeatist attitude, probably not. Maybe you can get a degree in tawdry lawsuits at slip and fall school with the rest of the negroes.

Or wait for the plague, a new disease and etc do them in. Incredibly dumb and filthy group of people.

House prices outpacing wage growth

Millenials are already laden with existing debt such as credit card debt, auto loan debt or student loan debt.

Millenials prefer to spend money on "experiences" rather than tangible assets. They prefer to pay money for tattoos, alcohol and holidays.

One of the primary reasons to buy a house was for security for your wife and children, the majority of millennials are not getting married before 30, if ever.

Most millennials will actually inherit a house from their boomer parents anyhow, the deflation that occurs when all these boomers die and become net sellers of houses will be immense. House prices could crash 50-80% so why buy now?

Millennials jobs are either short-term contracts or not their desired "career", without the stability of knowing where you will live for the next 10-20 years, why not just rent and then move if you change jobs?

>no giant gf

>learning a trade, which can yield an annual salary of 100k a year
>Retards believe this lie
Welders have a median yearly income of about $39k. The top 10% still only earn about $62k annually. This is compared to say high school teachers who earn $58k yearly with the top 10% earning $93k annually.

bls.gov/ooh/education-training-and-library/high-school-teachers.htm#tab-5
bls.gov/ooh/production/welders-cutters-solderers-and-brazers.htm#tab-5

>Millennials can still afford to buy homes
HAHAHAHAHAHAHA

>200,000

You are like little baby, watch this.

Is that really a good idea? Id feel better if I paid for most up front and worry about the rest little by little over time.

>5% down
laughinggirls.jpg

thats a big girl

Because we spend all our money on avocado toast

Because I can't afford it

>Millenials prefer to spend money on "experiences" rather than tangible assets.
Agree with everything in your post except this. We just are the first ones who have had to make a choice between the two instead of having both.

I'm in my 30s with zero savings, so a down payment is never going to happen.

I'm thankful that I'm in an apartment in a locked institution thats only a few hundred dollars a month. I can also see if I'm going to get preemptively swatted by a salty goy.

Jesus that is tacky.

This picture sates my snu-snu fetish

>apparently; the only group that learned anything from September 15, 2008, TARP and the 'Too Big To Fail' era are the Millennials

200k...Nigga the cheapest fucking houses around m area are 800k. Fuck the GTA

Here in Boston, they make bank. Union plumbers, iron workers, etc easily yield 80k+....more with overtime. Our firefighters and police make a lot of money too. Jesus, railroad conductors here in Boston are of the highest paid. 150k annually working the board for the T.

With what job, nigger?

Sounds like you got BTFO for choosing the wrong path.

I got a trade and now make bank. There are a lot out there and they all need bodies

You keep remaking this fucking thread and the answers are always and the same and proven.

Kill yourself,Chang.

Because boomers flooded our countries with third-world hordes in order to increase their investment property values.

I have 15,000 saved and make 60,000 per year. I need to live near a city for my job though. Think it's possible for me to buy a house that won't be surrounded by blacks or Latinos?

your the kind of guy that would buy a house in a suburb of chicago and complain about niggers

t. Upstate Maine

>Here in Boston, they make bank.
Because costs of living in cities tend to be higher. The teachers unions also tend to have similar influence in such states. Either way you will be out earned by someone with a degree in a useful subject. However, mind providing specific sources I would be interested.

i have 75k saved and i cant even get approved for a fucking house because i never been in debt. Even though i have credit. You know what they say now to that? "You have no history of debt"

Wewlad thanks

>just live within your means user!

I hate that meme

yeah everyone just has $250000 fucking dollars,
and I'm not taking the fucking banks money

And then they all voted for Hillary Clinton

So how do you get debt if not by credit card?

What is the point of buying a home when western civilization will inevitably collapse within the next 2-3 decades? I'd rather spend my money on survival supplies.

I really don't know about others but my parents are leaving me live rent-free and I put most of my money (only leave 80$ for vidya) into a saving account to buy a house as soon as I finish pre-med and pass the MSAT. And either way I will be fucked up in the ass with a half of a million dollars worth of debts in the best scenario.

But It would be hard as fuck for people that went away, between having to pay for bills, rent, food, and other needs while they are in college which mean they can only do part time jobs which don't require a degree. And also put in mind that they have to pay for student loans.

There is no fucking way for a normal person to save for a house while in college.

>1 post by this ID
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How fucking stupid can you be? The majority of trades do not require any form of travel.

Oh that's easy just get one of those capital one cards with the maxim of 400 bucks or something similar. Just use it for gas and groceries and pay it off.

The fact of the matter I am not a big risk taker. So why would a bank want that.

>700 credit score that means nothing

> Not using low interest loans to acquire assets appreciating at a greater value

You're literally being Jewed

The thing is, I would be perfectly happy with just a comfy little unit.

Even that is impossible these days.

Living within my means is literally in the shed of someone's backyard even though I work full time.

>because there are unlimited jobs in africa studies, and all you need to do is get the degree
I'll take plumbers over socialist parasites

This
>Taking money from the (((banks)))

I have one of these. I overpaid the last bill, they owe me money.

Whoops sorry, I suppose medical bills and student loan is by far the easiest to do it by.

You're replying to a bot. This thread is made several times a day, usually with a picture of Steve-o

taking the jews money (that they literally printed themselves) than paying them back more money through decades of slavery

>so no one has ever seen an amortization schedule?

I had a European education so no student loan and who the fuck apart from yanks pay for health care?

>1.8million
>bricked 2 story
here, hold my beer

>thats the joke

Its a fucking scam. Every time i go over 50% of my credit limit the extend it another $5k trying to get me to spend more.

I shed no tears for cc companies when i pay off the balance before the end of the cycle.

Because my generation (ugh, I hate admitting this) are fucking retards with money and don't know how to fucking work. Thankfully, I own a home, but that came years and years of working hourly jobs, then getting into the military, and getting married before it happened. I saved (and then when I got married, we saved) and took advantage of some VA benefits to be able to afford a home.

The rest of my generation (in a general sense) get into debt too fucking easily through college loans for useless degrees that won't do shit in terms of helping them find a decent career. Plus, they have no work ethic, think everything should be handed to them, don't bother trying to work their way up a company, and generally piss their money away on stupid shit. That's why.

>all these city sucks complaining about home prices
buy something in the burbs and commute for 30 min, it wont kill you

Nigger I make $30k a year and I bought a fucking house. Stop being retarded with your money.

>fuck apart from yanks pay for health care?
You mean only us middle class have too

You could get a car loan, but you need to put a hefty down payment and insane interest that follows it. Too inherit debt

>paying an extra $50,000 in your lifetime for mortgage insurance by not putting down 20%

>hold my beer

faggot

...

Buying a house seems ridiculous to me. There's no job security anymore. Even if I could find a decent job I could get fired at any time and then I'd be chained down to some house that I can't afford anymore.

Jews have inflated the dollar so much, foreigners are beginning to lose trust in the dollar.

Move somewhere cheaper...

>eliminate property taxes for homes under $1,000,000 in value that are primary residences, and those that are not paid for by owner/resident (parents buying their kids a huge house)
>double property taxes for all other homes, including rentals
>eliminate the property tax deduction for rentals
>ban reits from buying any land
>ban section 8 vouchers

This will promote home ownership. Something could probably be done to make rent cheaper for students, newly employed.

>not saving 30% of your paycheck for a rainy day
it's like you're all trying to come off as retarded

i could afford a house, but ill likely lose my job within a year

find me a house for 200k in a safe, white neighborhood in a good school district, and i will let you suck my cock

>doesn't know the meme
kys fellow leaf faggot

Nobody buying homes because everyone knows housing market is about to crash again.

>life's easy, just get welfare!
probably bait but I fell for it

"everyone" said the same think about the stock market in 2012

So buy a bunch of houses then, faggot.

700 isn't that good. Mine is 740 and I've only been building it for a year

Why cant we just have a build your own house and claim your own land like the sand niggers do, probably have to pay isis a couple of dollars a month

don't need to, already own one outright

Yes its really easy to pay 1000 a month for 20 years, especially when your average wage in your country is 1200-1500