$430,000 for a run down shack

>$430,000 for a run down shack

Capitalists WILL defend this.

So much for "competition and the free market" driving down prices LMAO

how much do you think it's worth? you seem to be an expert on housing appraisal so let's hear your analysis.

>not pictured: city center across the street and access to all forms of public transport in walking distance

The only problem I have with places like these are they get infested with niggers and it ruins it for the homeowner. That's why they are mostly bought as cash storage properties and turned into rentals.

That thing is worth about 50 grand

High demand plus low supply equals higher cost

Competition does drive down the prices.

You can buy a 3BR town-house with no front yard or backyard for $800,000 30 minutes from the city in a local job you earn $80,000.


Or


You can buy a 5BR house with large front yard and large backyard for $350,000 60 minutes from the city in a local job you earn $60,000.

There is no high demand for run down shacks filled with mold and shit

It's a fucking for sale by owner you dolt. I can put my shitty house up on Zillow for $1.5mil. Doesn't mean I'll get it, just means like you that like you OP, I'm obviously a faggot.

Then don't buy it faggot.

>portland

Blame your shitty local democrats

Wait for the price to go down to 50 grand then.

Supply and demand you fucking absolute moron, it's in the middle of a huge liberal shithole with taxes out the ass, of course it's gonna be overpriced.

You can buy a 6,000 sq foot house and 50 acres in Wyoming for the same amount of money. You know why? Because there aren't any people in wyoming driving up the price.

READ A BOOK

> democrats import millions of illegal immigrants
> democrats allow foreigners to invest in local real estate
> prices get wildly inflated
> "user, tee hee, capitalism doesn't work!"

Really makes me think

Seller's market, OP. Also, if you're moving to Portland, you're already cucked. Socialists pay unreasonable amounts to move to "trendy" areas. Capitalists will capitalize on their foolish mistakes.

Poor people like op suck

Just move

KEEP PORTLANDIA WEIRD

KEEP IT PSEUDO-LIBERAL

FAUX-HIPSTERS DIE NAO

*puts a gun to your head*

This seems like a good way to get it to go down.

you have to be 18 to post here

> be amerimutt
> pay almost half mil USD for cuckshed

sure, here you go

>sign paperwork at gunpoint, leave
>go to the sheriffs office, tell them what happened
>contract invalidated due to coercive force
>you go to jail
>i keep your 50 grand and the house

Value is in the land, poorfag.

> t. Realtor

try North Vancouver
pic related

>living in Raleigh

Housing market is pure supply and demand. Get fucked.

a billion steps up from Portland

This.

Always charge what the market will bear. If the market cannot bear the accepted price, it will decrease. Capitalism 101.

Also, I bet there is a nearby listing, slightly worse, or slightly better, for slightly less, or slihtly more: that's why it's called a real estate MARKET.

Capitalism = market, variety, choice
Socialism/communism = You get what they give you or let you have.

That was more of a reference to the fact that the current trend continuing upward will only result in violent overthrow. There won't be a sheriff to save you when it happens.

When the market crashes again you'll be able to get that house for 50k, maybe way less. And people fear reccessions, property is dirt cheap during them

Ah yes the crash we'll be waiting on for 30 more years.

>impling Capitalism work to drive down prices

Don't play dumb, free markets provide a fair price given all factors. And some fucks irrationally high sale price does influence the actual selling price.

> mcmansion

> what is 2008

I don't think it will take that long.
Doesn't have to be a full blown crash.
A big reccession is enough, like in 1996 and 2008, we are due for another

For under 3k you can buy this quirky little fixer upper in vibrant Gary Indiana.

WAT

The only reason there is high demand is because most people can't afford houses due to artificial inflation. Anytime a house goes below the imaginary market value a flipper buys it then puts it back where that mark is. House prices are the worst bubble in this country. It's the ultimate control mechanism to keep the wagecucks from ever prospering.

>high cost of housing because desirable place to live with good jobs.

You wouldn't be talking like a retard if you were a home owner in the area. It's called wealth.

I intentionally avoid investment in red states because of how shit your ROI is, plus property taxes are insanely high

Small shacks? That should cost less than 30. What are you paying for then? The terrain is clearly not since private property doesn't exist in capitalism.

>Portland, Oregon
It's almost as if it's location makes it more expensive.
Now why don't you show housing prices from states like Kansas, Arkansas, or the Dakota's?
PROTIP- You won't cause you know it'll wreck your shit "argument"

In Europe, a house this large is easily worth a few million

lol so random. It's like hella nifty.

Anything >1000 sqft is frivolous.

>being this stupid

>That should cost less than 30. What are you paying for then?
Living in the leftist haven known as Portland, Or.

> low demand high offer = low price
> buyer decides to act
> demand increases, offer decreases = higher price
congrats, you just described capitalism 101

Lel, who would want to live in Portland that badly?
>cloudy/chilly/rainy half the year.
>mentally ill liberals everywhere.

>broke ass niggers dont understand supply and demand

Depending on location that is

>910 sqft
>$600k
>Harvey Milk St.
Man, the gays like getting assfucked in the wallet too, huh?

>the structure is overpriced
>the land it is sitting on has no value
Would you like to know how I know you're poor?

>go to sheriff's office
>oy vey taxation is theft so there is no public police force
>sheriff is charging $1000
>user from before already stole all your money
>come home to find your wife being raped by a gang of somali niggers because border patrols requires public funding
>breathe in a sigh of relief that you live in an ancap utopia without the oppression of a gubbermint

Nobody is making you buy it. I agree, id never buy that house for that much. The owner is welcome to keep trying to sell it, if he finds a buyer and they're both happy what exactly is the problem and what does it have to do with you?

Op poor. Gibs me that house

welcome to european housing prices

This.

People pay to live in locations, barring remote or extreme areas like Alaska, a house usually won't cost that much on its own to build. The value is in the location. 3 miles of desert land isn't worth an acre in New York City.

The value will be dictated by what it ends up selling at, the price will go down until it finds a buyer, kys commie.

This luxurious beauty for 60k

>not subscribing to Amazon Prime Presents: The Police™
>not saving hundreds of dollars by bundling your police coverage with a bonus fire fighting plan
>not getting the Nabisco™ Pro Package® with extra bonus coverage for 75% off and your first five nog criminals killed for free

Most people in Portland don't live in houses. They live under SE Morrison bridge.

You want a cheap house? You think all land has the same value anyway, why don't you just move to Mississippi?

But Mississippi is full of republican bigots

That's one way to refer to niggers

I know you are a troll (you played your hand too obvious kiddo) but I'll play along.

Are you saying you are willing to pay more to live in a different location? You would be willing to spend more money to live a certain lifestyle? Congrats faggot you defeated your own troll argument

you should have thought about it when you decided to import a fuckload of shitskins

I would be wary also about the neighborhood where i buy my house, especially in mutt land. If too many minorities around or on sinkhole ground, that can't be more worth than 10000 dollars.

And niggers. Be honest, the niggers are the bigger issue with that plan.

The only reason this piece of shit is expensive is because liberal faggots insist on living in the city even if it means living above their means and living in squalid conditions. Go outside of some liberal infested city and you can get a nice house and a nice chunk of land for this price instead of dealing with hobos, liberals and all kinds of scum.

Welcome to the Toronto and Vancouver real estate bubble. Buy something in the suburbs for cheap now and watch it more than double in price over 2 years.

t. suburbs fag

>Portland
Yeah don't live in the yuppy shitholes

Is that a houseboat or something?

Stupid thread. Sage and move on, but you stupid niggers wont.

If it's not worth 430,000 then it wont sell.

Buy a house in Detroit.
It's a democratic and a diverse city with cheap houses!

that's what happens when you let liberals run a city.. and i bet there's a pile of homeless heroin positive shit on the sidewalk in front..

High real estate prices are a feature of the modern globalist, economy not a bug. Mass immigration and consumer debt increases housing prices which means huge profits for lending institutions.

You have only the leftists and globalists to thanks for the current insanity of housing prices as they push for all the factors that contribute to them.

Are you seriously going to say that the west coast of the USA and Canada is run by ultra conservative far right cities? No, it's all leftists/neolib globalists that can't wait to bring in millions of foreigners in order to raise real estate prices. They don't give a damn about making life unaffordable for the average person, they just want the houses they bought in the 70s to triple or quadruple in value,

Boomers need to hurry up and die

I used to live in Portland, I've never seen so many actual holes filled with shit in my life. There are a lot of nice parks, but you gotta watch your step.

>wanting to live in a city

This is a YOU problem faggot

If they're in the right location, there absolutely is.

Structure is probably 50k, rest is property value. Check the assessors site If It's available to query.

>Raleigh
Great place but it's up and coming on the hipster list. It will be destroyed too.

>Leftists are THIS retarded

Mass immigration and consumer debt raise prices, it's the land that's valuable not the shitty rundown shack that's getting bulldozed anyway.

...

Blame all the no kid hipsters with expendable income.

...

Wtf New York outside of the city has some of the cheapest houses in the country

You don't have a right to live where you want faggot.

Look what city it is in. Everything is more expensive there because they are all Communists.

Seriously I think I could buy Syracuse.

>first thing i see when i look across the street on google maps

...

>millennials
>money

nice joke

Most miillenials either live at their parent's home or in shared housing because they can't afford anything else.

Syracuse if full of nogs

Has she gotten BLACKED yet?

Vancouver real estate is going to collapse one of these days... I swear.
There's just no way those prices can last.

If you're poor you deserve to live around violent niggers that will probably kill you

Just one more reason to never live in the cities. The government could bring housing affordability under control by restricting the Chinese from buying. However, +90% of politicians have investment properties/lots of money tied up in real estate so that's not going to happen, the unspoken motto of our politicians is "Fuck you, i got mine"

One day, the only thing 1 bitcoin won't be able to buy, is a property in australia.

Guaranteed you can find a house with similar dimensions and layout for much cheaper outside of Portland. It's just that leftist cucks are idiotic when it comes to finances and will pay absurd prices to live in a specific area of a city.
That price is in fact exactly correct thanks to idiot hipster lefty morons pushing up the price in their dumb ass bidding wars.
Anyone worth half a brain would buy a house outside of the city but close to a rail line or a freeway that will easily get them into the downtown area.

The reason it is so expensive is because of brain dead leftists

They could buy a house a few miles to the east, west, or south for less than half the price but they HAVE to live in Portland because they are idiots who have to signal how hip they are. Don’t blame on Capitalism, blame on low IQ

T. Someone who lives in an upper middle class suburb near Portland with a much, much nicer house than that

It's a cuck shed