Will millennials ever be able to afford houses? Once all the boomers are dead prices should come down right?

Will millennials ever be able to afford houses? Once all the boomers are dead prices should come down right?

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news.com.au/world/pacific/new-zealand-to-introduce-ban-on-foreign-buyers-purchasing-existing-properties/news-story/ec9cbf40af528809afadd19a268452bc
zillow.com/homedetails/1106-S-20th-St-Lincoln-NE-68502/6574879_zpid/
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I hope we see another housing crisis. Throw student loans in as well and our economy is fucked

It's not that hard if you have a family user..

Kek. They'll all be owned by China. You'll be lucky to afford a cardboard box on a basic salary.

So they will continue to buy houses and lose money on rental yields forever and ever? Surely they will run out of money eventually.

Will Sup Forums ever stop reposting the same muh millenials vs boomers bullshit? Get over it, the current generation is fucked beyond belief.

Is the hooker included?

Real estate is used as storage of wealth for rich Asians trying to move money out of the country. Any rent they would make on it is a bonus.

This is happening all over the US coasts. They'll just buy entire blocks without caring if anyone is going to live there. It's madness.

In the middle of Sydney and Melbourne there are tons of units on prime real estate which are empty and have been for years. This is meanwhile homelessness is increasing and we are told there is a severe housing shortage. They are called ghost towers. All I ever wanted was a one bedroom unit, I work full-time, I don't buy ANYTHING, I should be able to afford this. Note even close.

All I hear is millennials v boomers, what about us gen X huh ? almost as if we didn't exist.

I really don't see how prices cannot come down.
It seems to me to be a guaranteed eventuality.

Gen X are shitty parents from I've observed. My sister is raising entitled tablet addicted monsters. Doesn't help she is addicted to Facebook.

I've got a kid on the way lads (X'er here). What red pills should I start dispensing from the cradle?

Not in canada where they just replace us and keep wages low and taxis his for imigration while boomers get bled dry by the time they die.

That they need to be college educated AND have marketable skills as well. Also, teach them to shoot and scoot

>Once all the boomers are dead
Luckily modern healthcare is so great that it'll take 20 years for boomers to die. Healthcare may be a costly investment but it's great and it's free because it's paid by tax payers

What?

The rental market in Melbourne is extremely competitive.

10 years ago there was generally only 2-3 families on average competing to rent a place, now-days the amount of applications for 1 property is in the dozens.

t. estate agent

Pick a cheaper suburb op. Rosebury?
I hear mt druitt is in your price range

1 hour of tv per week, no tablets until they're at least ten years old. Homecooked food, sports and fresh air

>not living in glorious qld

Best weather, affordable housing, white af, literally no excuse for not living here

Millennials have been the plurality of home buyers for four years in America. They're only buying them for dogs though, not families. Someone post the children-to-Porg progression.

Who built that shitheap? Franco Cozzo?
Fucking fauxwog shit

You didn't read it. There are ghost towers for a reason, they're not being brought onto the rental market like they should be.

You are scum by the way. Real estate agents are nothing but checkout chicks for houses, you're all going to get purged from the work force once the bubble pops.

Funny thing is, millennials will be paying for boomers health care.

I know. But it's ok, we'll give them great healthcare so that they can enjoy their pensions which we also pay

Also we can pay 1,000,000 for a house they bought for 80,000 so they can fund their retirement. The housing bubble is just a transfer of wealth from young generations to the old.

Our national debt is skyrocketing, another transfer of wealth from the future to the present.

No tv nigger. No tv.

If you stop importing beanies and asians, sacrifice at least Gen X and boomers to jewish rituals, then Gen Z might have an opportunity to repay homes.

Yes OP, prices are driven by the market - mostly. The more people there are, the more housing units are needed. Some places have huge surpluses and are cheap and can provide very good standards of living (the Dakotas for example). Cities are crowded and thus expensive. Boomers are going to die off, but that may not mean as much as you think. It's not like overnight there will be millions of houses on the market.

Do it the way your grand parents did. Save money to get to 20% down payment, then take out a mortgage on the remainder. Don't do what your parents probably did... buy w/ %0 down.

Or, consider alternatives. Nothing wrong with renting. In fact, it gives you a freedom that home owners don't have. You can move around and experience more of your country.

>The housing bubble is just a transfer of wealth from Gentiles to the Jews.

FTFY - I know saying that might be a hate crime down there so no worries :^)

But i owned my own home as a single income earner at 23

No, Houses are now seen as investments rather than shelter. Once the boomers are dead their children (not us) will buy them up as rentals.

Post of truth. Real estate agents are the lowest of the low. Fucking parasites. Nothing personal, Eoin.

Being a gay prostitute is that lucrative?

We will need to juggle 3 jobs at a time. 1 to pay the rent we pay to boomers. 1 to pay the healthcare of the boomers, and 1 to eat noodles and live a life of poverty.

>Once all the boomers are dead prices should come down right?

no asswipe, because im inheriting like 12 of them. and Im not getting rid of mine.

dont attempt to buy something in the city as a first home you mongs. i live in a suburb, commute 20-30min to work, and was able to pay off my modest $150k home completely over 5 years.

...

Not being a massive faggot was lucrative

Yup. I don't know how the pension system works in Australia, but here we pay 25% on top of our already high taxes, so that we can fund boomer pensions that are already higher than millenial wages. Maybe you guys have pension funds (we also have a pension fund but it's nowhere near enough to cover boomer pensions), but even then money is nothing more than the medium of exhange (boomers are still going to consume a lot and provide nothing). I'm not saying they should just die, I'm just saying maybe we should give them a little less gibs

im debating buying 5-6 blocks of detroit for the next 5 years ending up with a fair size of land. clear the niggers out and put up walls. building condos and rent to whites only. Fuck the rules.

Its our dumb fuck government letting Chinese millionaires buy up all our land and assets

NZ did something smart for once and stopped this shit
news.com.au/world/pacific/new-zealand-to-introduce-ban-on-foreign-buyers-purchasing-existing-properties/news-story/ec9cbf40af528809afadd19a268452bc

a house 30 minutes from work in a suburb in sydney is like 1.2 million dollars.... brisbane it is like 800k.

wot

My grandparents (in their 80s) live in a 2.5m home right now, they paid 8,000 for in the 1960s.

They would never sell. If anything their home is going to fund my parents retirement.

Its simple the way to win the game is to change the rules.

>citizen required before you can buy a house

Cherry pick the series you let them see and the movies you let them see. Teach them to stay away from muslims and take your time to play alot with them. Make sure to also put them on a sport as they get older. Pay attention to the music you want them to hear and dont feed them too much candy (or almost no candy at all) Same goes for sodas!. Feed your kid plenty of cheese,yoghurt, milk and veggies and fish so he becomes healthy as fuck.

ROFL as someone from SA seem pricey as fuck

No.

it sounds like it would be cheaper to build a home than to buy one at this point

Gen X is small. The birth control pill came in during that time.

But user the economy being pretty good is the only thing stopping us from a full blown race war.

Introduce them to interracial porn aka Art, then tell them it’s the way of the future.

You are correct. Banks make a LOT more on a 4% loan of 2 million compared to a 4% loan on 250,000. The banks are making out like bandits from this, record profits every year. I already know that once the bubble bursts we will have to pay another tax to make sure they survive.

There is something called a "self managed super fund" here which is like a 401k and these funds are HEAVILY, as in 50% invested just in housing. If the bubble pops so do most people's retirement funds.

Is 1.8 million kangaroo bucks a lot in Burger paper?

I'm a millennial, have a 4 bed/3 bath.

You must be a fan of 7 days to die.

1.36m

Globalism = Rich fucks getting to evade taxes and profit in non-regulated economies while the normies get cucked into paying for bailouts.

meanwhile, illegals get financing for houses, financial aid for schooling, they drive brand new pickup trucks, and get all dem food stamps.

THANKS BOOMERS!

Property investors need to be rounded up and publicly executed. They're the most pathetic group of investors around. In the case of Australia, they're heavily subsidised by taxpayers to speculate on the thing that everyone needs: shelter.

There's nothing admirable or impressive about property investors. Instead of taking a genuine risk in investing in a business that grows the economy with jobs and circulating money among other businesses, we just buy up houses, completely destroy the current generation's future by distorting the market beyond any semblance of affordability and then talk about entitlement.

Yes, I'm mad.

This.
The banks are fucking us.
The FinRev last week had an article where a fucking Uber driver has 6 homes leveraged.
That screams the banks don’t give a fuck.

SMSF’s aren’t the only concern.
Industry super fu d invest heavily into Commercial real estate which if a residential bubble bursts commercial will follow due to a downturn caused by a tightening of spending.

>government takes houses
>houses get gibbed
there's no hope

Houses are cheap as fuck outside big cities. Not to mention the massive price drop when they repeal the mortgage deduction.

Are you suggesting that there are only 2 places to work in Australia?

It's really not that hard to buy a house. People just need to learn they have to work for it. Working part time a Starbucks is not going to cut it.

I've given up hopes of owning a house. My only idea is to just build one myself but I'm afraid of getting Ruby Ridged

> Once all the boomers are dead
We will be in our fourties and the population will be twice what it is now

Yeah but everything else it's more expensive, you need a literal plane ticket to go to work.

You can buy a house in the outskirts but you can't afford to have people living in it.

I'm assuming squatters rights.

>I've got a kid on the way lads (X'er here). What red pills should I start dispensing from the cradle?
Toughen him up from an early age. Alot of affection, but alot of physical work.

>Millenials
>Paying for anything
Nigga, you even gen y?

There is also melbourne, where it will be about 1million.

Correct. People are paying one million dollars to live in western sydney and then commuting 1.5-2 hours each way to work. This kind of situation is not sustainable. High petrol prices will kill most working families, or an increase in interest rates.

Spoiler, it's impossible to ever raise interest rates without popping the bubble and causing mass defaults.

But then the only solution would be immigration, cause immigrants are dumb and will buy the overpriced houses anyway.

>Houses are cheap as fuck outside big cities
Yeah, but the problem is that all the jobs are in big cities, which is why people want to live there. And from what I hear, even suburbs are getting somewhat expensive

Damn. Better off living in a comically oversized can of Fosters lager.

Here you can't get an apartment for that

t. Paris

>Nothing wrong with renting
I don't think some will ever understand this point.
However I don't think boomers dying off will do much since we take Chink money for property.

>My grandparents (in their 80s) live in a 2.5m home right now, they paid 8,000 for in the 1960s.
>Times they are a changin' plays in the background

Maybe you should just get a better job and stop buying smashed avocado for breakfast.
>This is literally what our politicians have said to us.

I wonder if we will get high inflation and low wages and the inability to raise interest rates.

There are still affordably houses user.

what's wrong with Lowood, about 30 min from brisbane

>We will be in our fourties and the population will be twice what it is now
>the population will be twice what it is now
I've been here too long to view that as a good thing.

More like 3 hours mate...

Fuck your parents. Fuck mine too for being greedy asshats and not taking care of their shit during their prime.

Booval?

>college
>20 years from now

You are in for a big surprise soon user.

Yes. I am building a home. This is actually cheaper than buying a used home in my area. People should consider building their own home. Modular homes are the way to go.

Idk why Sup Forums never understands this.

You're not paying that price for the house, you're that price to live around other people who can afford those houses. You pay for the location.

That is a townhouse, not a house. Takes 1hr 15 minutes to get to work by train.

If housing prices don't go down anytime soon than cities like LA, SF and Seattle will become third world shanty towns filled with tent colonies much like shanty towns during the Great Depression

The only living spaces being built now are condos valued at 800k- 3 million dollars.
Just look at how bad LA's homeless situation has become

you live american, fuck off, 6 grand for a house, i also like my economy in the drain

No. They'll all be bought by Asians and Mexicans.

That is my plan. Buy land and build up north.

>after the boomers die off
youll have to start a revolution to purge the chinese colonist from power

>not taking care of their shit during their prime.

FUCK

this is eternal babyboomerism

they burn firepits with money during their prime, they burn civilization during their old age.

>Once all the boomers are dead prices should come down right?
No, the boomers are deliberately importing immigrants partially to prevent shit like that.

I will never be able to. Its literally impossible. I would need wealthy parents or big connections to get overpaid job. Maybe if I eat grass and pick up clothes at charity I could rent it, never buy it.

How much would this house cost in yurope?

>6 beds 4.5 baths 4,843 sqft
>$321,000

>Welcome to the William D FitzGerald House. This historic home was built in 1900. Much of the original ornate wood work remains in the home. The main kitchen has been nicely updated with stainless steel appliances and granite counter tops. There are wood floors through much of this home. The formal dining room is quite large with beautiful exposed beams and gorgeous built-ins. The laundry area is directly off the kitchen. Bedrooms, bath areas, sitting rooms and sun porches are generously provided throughout this home on the first two levels. There are 4 fireplaces/wood stoves. The basement is unfinished. There is an additional 1,750 sq ft of unfinished space on the 3rd floor. Many mature trees provide an abundance of shade as you relax or entertain on the wrap around porch. A triple garage was recently added to the property.

zillow.com/homedetails/1106-S-20th-St-Lincoln-NE-68502/6574879_zpid/

>Bought a house in 2011 for £205000
>Got a £140000 mortgage, it was unlivable and I spent 2.5 years doing it up as I lived with my parents
>Currently £20,000 left on Mortgage
>House is now worth £650k

Property price is mad... The only people that could afford this is the damn Chinese

It utterly depends on

>country
>location

In the UK, go far up enough North and such a house would be