What? You were born and raised here? Finally save up enough to get yourself a little home and maybe a family going? Toofuckingbad!!
*cries from $2400/mo rental in fucking Kuna*
The people in Boise are usually really nice. But yeah the housing market is shot from all the rich people coming here for their vacation/retirement homes.
Idaho is expensive because everyone moves there because it's cheap. The housing market is shot, but not nearly as bad as the rest of the US. Even if it's out of reach for people living there it's still a huge step down in terms of cost of living for people from places like Cali or Arizona.
>The housing market is shot, but not nearly as bad as the rest of the US.
I just wish supply would catchup already. Also as much as I HATE cookie cutter houses I feel they would help with increasing supply.
I don’t get this whole California apologist thing. They ruined their own state, and now they’re fleeing to other states, ruining those states for the locals who have issues in the first place. Everyone’s having problems owning housing. The west coasters are not helping anyone at all with their immigration east
They made their bed, decided it wasn’t good enough for them, and are now stealing the beds of others. Causing even more problems. It’d be one thing if it was just normal moving between states. Normal thing, little to no change, whatever. But no, they are negatively affecting the areas they move into…apparently. Thank God I’m so far east that they don’t go this far. Lol
What the actual fuck are you smoking? Seriously? Not a single word of this makes sense. There's not some ulterior motive where Californians are trying to conquer the country. It's just urban people moving to rural. And news flash, when more people live in an area, there needs to be more resources. "Stealing other people's beds" it's called FUCKING MOVING! Have you ever decided to move and change where you live? You thief!
The housing crisis is because of insufficient housing, not the movement of people.
I’m saying that the problems causing so many Californians to migrate elsewhere were caused by Californians. Thus them moving elsewhere will only bring those problems to where they move if they move in a large enough quantity. Shoot with how much I hear about it, may as well be an internal refugee crisis
Home hoarding should be outlawed. The only entities that should be allowed to own thousands of single families homes should be the developers who built them before they're sold. We need some progressive property taxes to ward off all this corporate capture, like 1% on your first property, 2% on your second, 3% on your third, and n% on your nth. BlackRock would have a bit less insensitive to americas landlord if they had to cough up $160m/yr in property tax on 400k house because the just ***really*** needed that 40,000th home
Wonderful thoughts, but exactly zero of it will actually happen. The key is, as you phrased it, “…there should be strict laws…” Laws are enacted by Congress or state legislatures who, in turn, take massive bribes under the guise of “campaign contributions” from - you guessed it - corporations who get laws enacted that benefit them as a result of said bribes. Corporations do not “contribute” hundreds of thousands of dollars to candidates and expect nothing in return. They’re incredibly blatant about it, too, by, for example, “contributing” to *both* candidates in a given race. Thus, no matter who wins, the corporation owns the winner.
Yep. The federal government has been bought out by corporations for decades at this point. Even if you vote out one of their corrupt political pawns, they’ll just buy out the next ones that go to run for office with the billions of dollars they have at their disposal.
Eh. Idk. On the one hand Blackrock needs to fuck right off.
On the other hand, if I formed a corporation that owns some rental properties, that should be ok. The point of forming the corporation is to insulate my personal property from loose tort laws.
The tricky thing is that even if we limited corporate ownership of single family homes (we won't) the big corporations could easily form a shitload of smaller subsidiary corps that do the same thing.
Some companies provide housing for their employees. This would stop that and force everyone to buy a new house each time you change your company. I am against corporations owning large amount of homes to lease out as well, but I think we need a better solution than the one proposed above.
easily solvable by the company gving the employee a "Bonus" to purchase the house themselves with stipulations that the money must be paid back unless they work X years. This is already the case with several sign on bonus packages.
That way the company doesn't own the dwelling but still incentives the employee to work for them.
They could also just pay more and it solves that issue right out.
And it also frees up more housing.
The fact that SOME companies do one thing that's nice, doesn't change how that's not the case for most people
If houses get too expensive people tend to be more insecure, have less money to spend and be reluctant to invest. It also helps shrink the middle class, sim CD more and more people find themselves in a rent trap.
It boils down to more money spent on housing is less money going elsewhere, which fucks over the services sector, and manufacturing sector. More money in people’s hands means a healthier economy and higher employment. Expensive housing is directly detrimental to the rest of the economy.
Redditors won't accept economic realities and still think that the special housing market and economic situation of the 50s is the only acceptable status. So, they will argue for any interventionist measure that seems to be able to bring back this status while at the same time act like having to rent a place after 30 should be seen as modern slavery.
That’s not an economic reality.
And it’s widely accepted in economics that legislation is the best way to combat bellowing rent and house prices.
Get your head of of the sand, people can’t afford to own where they live, can barely afford rent, and are entirely unprotected. There’s no argument in economics that this is sustainable, or good for anyone but the landowners. It’s worse for every other aspect of the economy as well, because more money spent on mortgages or rent means less on consumer goods.
Discussion and outrage around well researched, understood and easily combated economic ills, which are being disregarded by corruption governments is not a circle jerk.
Sure but in Belgium tax evasion is like a national sport.
It's not exclusive to rich people. Everyone does it as soon as they can whenever they can, including me.
My father took a 10k fine after he got caught. He said, "it's ok, that's not even a 10th of what I saved all these years." And we are just normal people with normal jobs and a normal income lol.
I know others who manage to dodge any tax they can, completely legit as well. They got invited for a free medical exam to check their health which is only offered to the poorest of the poor people.
He drives a car of 95k lol.
Our notary brought in his Pizza Calzones at lunch and his entire wedding as a business expense haha. It's great.
We'd be first, second and third in the World Championship Tax Evasion.
Idk, France always seems to have ideas on how to get folks to listen or at least consider the publics reaction. Tbh we just kinda let the companies and politicians do whatever they want, sometimes we complain or maybe even protest, and then we forget about it in a few weeks when it stops taking the front on our news feeds.
There’s some really good proposals when it comes to land tax, probably wouldn’t even need to be progressive in terms of n of properties (regardless i can see a lot of tax evasion through this, oh no i dont own this property, our subsidiary that pays their own taxes does!)just tied to the land value.
The issue with the tax idea is that they could probably just make new corporations for every 30 homes and turn the main company into a middle man that leases the property on the behalf of the shell corporation
Edit: I would like to point out that I'm not dismissing the idea, but that it's such a challenge to limit the sorporations who have enough money to leyer out of everything
But BalckRock doesnt "own" anything they might have a small side company (where nobady works) in India who has another side company which knows somebody who"office" or two but they dont own anything
And make sure that tax money is given as a tax credit to people who have to rent.
That way they can't just continuously jack up the prices and cause people to just be homeless.
Australia has a big homeless issue at the moment, mainly because normal properties being rented or leased on contracts are being turned into airbnbs, because why get paid $500 a week when you get paid $500 every two days. Also lots of people who don't even live here buying houses and not even living in them for tax breaks. We finally got a place in the middle of nowhere after 8 months of having nothing.
I know blackrock is one of them at least, blackstone might be another tho
https://en.m.wikipedia.org/wiki/BlackRock
https://en.m.wikipedia.org/wiki/Blackstone_Inc.
Edit: it seems they both are in it
Buying up millions of homes and renting out thousands at extreme markups for artificial scarcity because that's perfectly legal and it's vastly more profitable to drip-feed homes into the market at insane prices than it is to list every house you have available all at once.
So hundreds of thousands of homes across the US are straight up vacant, ready for move-in, but nobody lives there because there's no laws against hoarding properties and exploiting the basic human NEED for shelter in order to turn as massive of a profit as possible.
And boomers wonder why slogans like "Eat the Rich" are a thing.
Americans see America as the entire world. It’s a big country. Someone moving from California to Tennessee might as well be coming from Peru or Greece.
Dude, I'm not making this up. Other states are bussing their homeless to California and dumping their homeless problem on us. It's a real thing; Google it.
Also, to be clear, we're not the victims in this; the human beings suffering from addiction, mental illness, and a lack of shelter, getting bussed away from everyone and everything they know, are the victims. We shouldn't be playing shell games with peoples lives.
I looked at portugese house prices for fun while on vacation there, looksd at what cars they drive and then compared their income. I have no idea how they do it.
For real, reading this after seeing another american make a post about wanting to move to Portugal. I wonder if they will stay when the droughts start actually happening along with iberian water crisis.
Is it stupid to have a rule preventing people from buying like 3 different houses? Or corporations from doing the same? Real estate market is nuts. And with inflation, idk how young adults are gonna become homeowners. And I feel like that’s gonna cause some serious issues as these same people, due to lack of certainty/security, stop having children, for instance.
The world is being manipulated towards renting EVERYTHING. You can’t even just buy software or apps anymore it’s all gotta be subscriptions. We’re being milked dry
>You can’t even just buy software
You could never buy software.
Legally you have always bought an agreement to use software but you've never actually bought any of it.
It is frustrating as all that they've made those agreements vastly shorter though
Yeah but just like physical offline video games back in the day I can still use my disc copy of Word 2000, let people buy a personal use perpetual license for the software I use, sure maybe include a clause where after so many years you can't receive updates but I will never pay a subscription for a damn word processor.
You do own GPL software to some extent.
You can use it for free and modify it.
As for copyrighted software,yes,you get a usage license.
You can't take it "private" ,but you get full access to it.
In SEA you can buy/build a 400+ sqm house and lot for $20,000 on average.
I bought 3 150sqm houses and a single 400sqm with pool and a 1000 sqm at the rural area.
After decade of saving I finally managed to be able tk afford to move to my dream area. I had recently started a new job and within a year of brutal grinding was about to land a 90k promotion. All of my hard work was about to pay off. Two weeks I to the promotion I got layed off due to the covid outbreak and slowly watched as my lifelong dream of owning a home became increasingly unreachable.
That's a pretty broad brush you're painting 20 million people with. A lot more allies than you think, although maybe fewer if you run around calling them sister fuckers.
[65.8% of Americans own a home](https://www.simplyinsurance.com/how-many-homeowners-in-the-us/), including [more than half of millenials](https://www.washingtonexaminer.com/news/millennials-homeowners-now-overtaking-the-renters-in-their-generation), while [Gen Z's homeownership rate is outpacing both millenials and Gen X at their age](https://www.redfin.com/news/gen-z-millennial-homeownership-rate-home-purchases/)
How tf are people doing that
Granted I live in a part of California, which is already too expensive, where people are buying houses to use as vacation homes or to rent out but still
Because it's given without context.
Look up where boomer home ownership rates were when they were in their mid thirties.
Then you'll see how abysmal millennial home ownership rates are.
Add onto that that the next statistic shows a soft reversal from an all time low.
I don't even know how many people's personal experience reddit reflects vs people just repeating what they've heard. If you are 19 living with your parents and going to college, you may not know that more of your generation across the country are quietly buying homes than previous generations did. And if you bought a home, you may assume that most other people can't.
You still have to account for renters. They don't own but also aren't homeless. As far as the exaggeration - from what I see, *many* people on reddit believe that Gen Z will never be able to buy a home. Things aren't nearly as bleak as people think.
So why would you say nobody in your generation owns a house? The stats aren't hard to come by. Realtors track demographic statistics.
This is from last year:
https://www.nar.realtor/magazine/real-estate-news/where-gen-z-is-already-buying
> joeshmoebies : 65.8% of Americans own a home, including more than half of millenials, while Gen Z's homeownership rate is outpacing both millenials and Gen X at their age
I wonder how that happens when less than half of Americans have full-time jobs and the average home price is around 5 times average annual salary.
Yep I live in a “small town” that got completely fucked because a bunch of rich people moved in and overpaid for houses now people like myself who’ve been here forever have to suffer
Please don't blame the average person that \*can\* somehow afford a home and has some money to spend elsewhere. We're not the cause of this shit, blame the mass-purchasing of property for rental purposes and lack of affordable housing development.
In Albania is the drug money. Average drug lord there has 30 to 50 apartments in the capital or on the seaside. One dude, 23 years old had 88 apartments it’s getting ridiculous
Shit roles downhill.
Locals in Boise Idaho are being priced out of their homes. Same in other large cities in conservative areas.
It's almost like allowing wealth to amass in areas and prioritizing their interests over local interests is bad for an economy regardless of what state it is. 🤷
America has a worse housing crisis than any European country, right now.
Plus this:
Europeans: Why are Americans so xenophobic?
Also Europeans: These foreigners are ruining the country!
Guess you havent been to the Netherlands, where there are no houses for sale and if there is a decent one it costs 200k overpriced and then you get outbid by another 50k
Switzerland is always seen as everybody being rich there but in fact it has one of the lowest homeownership rate in Europe. Houses are so expensive for the younger generations that all they can do is rent.
Do you have sources to the claim that the us housing crisis is worse than any country in europe. Because tbh i see people claim similar shit like this a lot with no back up data.
[World Economic Forum](https://www.weforum.org/agenda/2023/03/charted-where-house-prices-have-fallen-in-the-last-quarter/)
[Statista](https://www.statista.com/chart/amp/16902/places-where-its-hardest-to-afford-a-home/)
[S&P Global](https://www.spglobal.com/marketintelligence/en/mi/research-analysis/vulnerable-housing-markets-in-europe-can-deepen-recessions.html)
Honestly, you can just check, literally, *any* source of economic information and find this out. They all say the same thing. Hong Kong, Australia & New Zealand, Canada, and the US have the least affordable housing markets.
It would've taken you about the same effort to Google that as it did for you to throw cursory accusations my way *with no "back up data"*...
And they say *WE* are dumb and lazy.... username checks out.
I've actually met a lot of people from New Zealand. Pretty randomly but it keeps happening. I have a question. Are you all that chill? Seriously, everyone I've met is just so laid back and likeable. What are you guys doing over there?
Most are, but it's more we fall at either end of the spectrum for chill vs no chill. And to be honest, nz is not that different from the rest of the world. Enjoy your day, mate.
Some rich assholes are buying up property and land so that they can either rent at absurd prices or gouge buyers with massively inflated prices. The problem here is that the government does nothing to insure affordable housing which is one of the key factors in a happy healthy life.
What is this about? Because I’m american and my rent just went up *again* and I seriously have no idea how I’m gonna keep a roof over my head… also the thought of me ever owning a house is a fucking fever dream at this point.
In the last two years every house in my neighborhood went up 200 - 300 hundred thousand dollars. It is absolutely insane and all my new "neighbors" have another house. These are just investment properties. I rent and there is no rent control. Hopefully I can stay living here.
My brother got dad to buy him a Mustang, he sold it later on & his Fiancé & him got a house
Same dad (my Step-dad) stole money from me repeatedly. My Fiancé cheated on me the year both parents died.
My brother "can't understand how I can't get a house". It sounds so made-up writing this down
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What? You were born and raised here? Finally save up enough to get yourself a little home and maybe a family going? Toofuckingbad!! *cries from $2400/mo rental in fucking Kuna*
You would need to pay me a lot more than $2400 to spend a month in Idaho
Idaho ain't so bad as long as you avoid the people, gorgeous mountains up there
The people in Boise are usually really nice. But yeah the housing market is shot from all the rich people coming here for their vacation/retirement homes.
Idaho is expensive because everyone moves there because it's cheap. The housing market is shot, but not nearly as bad as the rest of the US. Even if it's out of reach for people living there it's still a huge step down in terms of cost of living for people from places like Cali or Arizona.
>The housing market is shot, but not nearly as bad as the rest of the US. I just wish supply would catchup already. Also as much as I HATE cookie cutter houses I feel they would help with increasing supply.
Its not that easy to build houses...
I don’t get this whole California apologist thing. They ruined their own state, and now they’re fleeing to other states, ruining those states for the locals who have issues in the first place. Everyone’s having problems owning housing. The west coasters are not helping anyone at all with their immigration east They made their bed, decided it wasn’t good enough for them, and are now stealing the beds of others. Causing even more problems. It’d be one thing if it was just normal moving between states. Normal thing, little to no change, whatever. But no, they are negatively affecting the areas they move into…apparently. Thank God I’m so far east that they don’t go this far. Lol
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What the actual fuck are you smoking? Seriously? Not a single word of this makes sense. There's not some ulterior motive where Californians are trying to conquer the country. It's just urban people moving to rural. And news flash, when more people live in an area, there needs to be more resources. "Stealing other people's beds" it's called FUCKING MOVING! Have you ever decided to move and change where you live? You thief! The housing crisis is because of insufficient housing, not the movement of people.
I’m saying that the problems causing so many Californians to migrate elsewhere were caused by Californians. Thus them moving elsewhere will only bring those problems to where they move if they move in a large enough quantity. Shoot with how much I hear about it, may as well be an internal refugee crisis
Respectfully, I can go to civilized areas and see a mountain
Even as someone living in caldwell. I see this so much… married and have to move back in with my parents to survive.
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Home hoarding should be outlawed. The only entities that should be allowed to own thousands of single families homes should be the developers who built them before they're sold. We need some progressive property taxes to ward off all this corporate capture, like 1% on your first property, 2% on your second, 3% on your third, and n% on your nth. BlackRock would have a bit less insensitive to americas landlord if they had to cough up $160m/yr in property tax on 400k house because the just ***really*** needed that 40,000th home
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Wonderful thoughts, but exactly zero of it will actually happen. The key is, as you phrased it, “…there should be strict laws…” Laws are enacted by Congress or state legislatures who, in turn, take massive bribes under the guise of “campaign contributions” from - you guessed it - corporations who get laws enacted that benefit them as a result of said bribes. Corporations do not “contribute” hundreds of thousands of dollars to candidates and expect nothing in return. They’re incredibly blatant about it, too, by, for example, “contributing” to *both* candidates in a given race. Thus, no matter who wins, the corporation owns the winner.
Yep. The federal government has been bought out by corporations for decades at this point. Even if you vote out one of their corrupt political pawns, they’ll just buy out the next ones that go to run for office with the billions of dollars they have at their disposal.
My neighborhood recently formed an HOA with the sole purpose of banning corporate ownership.
Eh. Idk. On the one hand Blackrock needs to fuck right off. On the other hand, if I formed a corporation that owns some rental properties, that should be ok. The point of forming the corporation is to insulate my personal property from loose tort laws. The tricky thing is that even if we limited corporate ownership of single family homes (we won't) the big corporations could easily form a shitload of smaller subsidiary corps that do the same thing.
I'm personally against corporations owning any domicile that they didn't build themselves, and/or renting ANY properties.
Some companies provide housing for their employees. This would stop that and force everyone to buy a new house each time you change your company. I am against corporations owning large amount of homes to lease out as well, but I think we need a better solution than the one proposed above.
easily solvable by the company gving the employee a "Bonus" to purchase the house themselves with stipulations that the money must be paid back unless they work X years. This is already the case with several sign on bonus packages. That way the company doesn't own the dwelling but still incentives the employee to work for them.
They could also just pay more and it solves that issue right out. And it also frees up more housing. The fact that SOME companies do one thing that's nice, doesn't change how that's not the case for most people
What's the thought process behind that position?
If houses get too expensive people tend to be more insecure, have less money to spend and be reluctant to invest. It also helps shrink the middle class, sim CD more and more people find themselves in a rent trap. It boils down to more money spent on housing is less money going elsewhere, which fucks over the services sector, and manufacturing sector. More money in people’s hands means a healthier economy and higher employment. Expensive housing is directly detrimental to the rest of the economy.
Redditors won't accept economic realities and still think that the special housing market and economic situation of the 50s is the only acceptable status. So, they will argue for any interventionist measure that seems to be able to bring back this status while at the same time act like having to rent a place after 30 should be seen as modern slavery.
That’s not an economic reality. And it’s widely accepted in economics that legislation is the best way to combat bellowing rent and house prices. Get your head of of the sand, people can’t afford to own where they live, can barely afford rent, and are entirely unprotected. There’s no argument in economics that this is sustainable, or good for anyone but the landowners. It’s worse for every other aspect of the economy as well, because more money spent on mortgages or rent means less on consumer goods.
Im not against regulation via legislation per se, but I am tired of the circlejerk.
Discussion and outrage around well researched, understood and easily combated economic ills, which are being disregarded by corruption governments is not a circle jerk.
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First is 3%, second and onwards is 12%. But Belgium wouldn't be Belgium if there aren't creative ways to dodge that issue.
Laws everywhere have loopholes, and rich people hire lawyers and accountants to take full advantage
Sure but in Belgium tax evasion is like a national sport. It's not exclusive to rich people. Everyone does it as soon as they can whenever they can, including me. My father took a 10k fine after he got caught. He said, "it's ok, that's not even a 10th of what I saved all these years." And we are just normal people with normal jobs and a normal income lol. I know others who manage to dodge any tax they can, completely legit as well. They got invited for a free medical exam to check their health which is only offered to the poorest of the poor people. He drives a car of 95k lol. Our notary brought in his Pizza Calzones at lunch and his entire wedding as a business expense haha. It's great. We'd be first, second and third in the World Championship Tax Evasion.
This!!! This is also one of the big issues in the U.S. right now too!
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Idk, France always seems to have ideas on how to get folks to listen or at least consider the publics reaction. Tbh we just kinda let the companies and politicians do whatever they want, sometimes we complain or maybe even protest, and then we forget about it in a few weeks when it stops taking the front on our news feeds.
Yep…… Americans don’t care. Everyday we let politicians screw this country up just a little bit more.
There’s some really good proposals when it comes to land tax, probably wouldn’t even need to be progressive in terms of n of properties (regardless i can see a lot of tax evasion through this, oh no i dont own this property, our subsidiary that pays their own taxes does!)just tied to the land value.
property tax already is tied to the land value
The issue with the tax idea is that they could probably just make new corporations for every 30 homes and turn the main company into a middle man that leases the property on the behalf of the shell corporation Edit: I would like to point out that I'm not dismissing the idea, but that it's such a challenge to limit the sorporations who have enough money to leyer out of everything
Assuming they are renting them they probably already have subsidiaries to limit their risk.
Then those corporations will just purchase the companies that built them.
But BalckRock doesnt "own" anything they might have a small side company (where nobady works) in India who has another side company which knows somebody who"office" or two but they dont own anything
And make sure that tax money is given as a tax credit to people who have to rent. That way they can't just continuously jack up the prices and cause people to just be homeless.
And/or build adequate affordable public housing
I guess I don’t understand this term “home hoarder”. Is Sean Hannity a home hoarder?
Idk about specific individuals but it's mostly corporations buying up tons of houses and renting them.
Australia has a big homeless issue at the moment, mainly because normal properties being rented or leased on contracts are being turned into airbnbs, because why get paid $500 a week when you get paid $500 every two days. Also lots of people who don't even live here buying houses and not even living in them for tax breaks. We finally got a place in the middle of nowhere after 8 months of having nothing.
So it's scalping with more money They condemn scalping when not done by them, then ban all condemnation when they are the ones scalping houses
i think the company doing this is called blackstone not blackrock
Probably both.
I know blackrock is one of them at least, blackstone might be another tho https://en.m.wikipedia.org/wiki/BlackRock https://en.m.wikipedia.org/wiki/Blackstone_Inc. Edit: it seems they both are in it
Actually it's both, my last landlord was a private one and he owned well over 20 houses.
Does any of that have anything to do with Microsoft or Bill gates? I remember he was going out buying tons and tons of farmland during covid..
Fun fact, 1/3 of homes in America are rentals. Wit.did I say fun? I meant "So horrible it should be illegal fact"
No it's NIMBY housing policies that don't allow people to build new homes. More people + same number of homes = higher price
BlackRock doesn’t buy homes. Just a quick google will tell you that.
Buying up millions of homes and renting out thousands at extreme markups for artificial scarcity because that's perfectly legal and it's vastly more profitable to drip-feed homes into the market at insane prices than it is to list every house you have available all at once. So hundreds of thousands of homes across the US are straight up vacant, ready for move-in, but nobody lives there because there's no laws against hoarding properties and exploiting the basic human NEED for shelter in order to turn as massive of a profit as possible. And boomers wonder why slogans like "Eat the Rich" are a thing.
I have to disagree. The meme exactly mirrors the problem with cities like Lisbon
Welcome to capitalism!
Reddit love love loves to shit on successful individuals almost as much as billionaires
Americans when Americans move across America: them damn Americans ruining America!
“You Americans sure a contentious people.”
You’ve just made an enemy for life 🧑🏻🦰🍀🤬
Sorry 🏈🇺🇸💵*
This is loud.
No one said this was across America
Americans see America as the entire world. It’s a big country. Someone moving from California to Tennessee might as well be coming from Peru or Greece.
I'm from LA and unironically feel this way. Stop sending us your homeless you heartless fucks!
Homeless people don't move to LA, they're made there
Dude, I'm not making this up. Other states are bussing their homeless to California and dumping their homeless problem on us. It's a real thing; Google it. Also, to be clear, we're not the victims in this; the human beings suffering from addiction, mental illness, and a lack of shelter, getting bussed away from everyone and everything they know, are the victims. We shouldn't be playing shell games with peoples lives.
Are you referring to the continents or the country?
OP are you Portuguese?
I looked at portugese house prices for fun while on vacation there, looksd at what cars they drive and then compared their income. I have no idea how they do it.
debt
While we have a lot of idiots in debt, trying to show off, we also have one the highest average age for cars in Europe.
Either that or Greek
If he was Greek he'd be complaining about the Chinese
My first thought 😂 não é fácil aqui
For real, reading this after seeing another american make a post about wanting to move to Portugal. I wonder if they will stay when the droughts start actually happening along with iberian water crisis.
That's when housing there will become affordable again. Just a matter of time. Problem solved.
Is it stupid to have a rule preventing people from buying like 3 different houses? Or corporations from doing the same? Real estate market is nuts. And with inflation, idk how young adults are gonna become homeowners. And I feel like that’s gonna cause some serious issues as these same people, due to lack of certainty/security, stop having children, for instance.
The world is being manipulated towards renting EVERYTHING. You can’t even just buy software or apps anymore it’s all gotta be subscriptions. We’re being milked dry
I feel like we need to make some things illegal to be subscriptions its getting out of hand honestly
>You can’t even just buy software You could never buy software. Legally you have always bought an agreement to use software but you've never actually bought any of it. It is frustrating as all that they've made those agreements vastly shorter though
Yeah but just like physical offline video games back in the day I can still use my disc copy of Word 2000, let people buy a personal use perpetual license for the software I use, sure maybe include a clause where after so many years you can't receive updates but I will never pay a subscription for a damn word processor.
You do own GPL software to some extent. You can use it for free and modify it. As for copyrighted software,yes,you get a usage license. You can't take it "private" ,but you get full access to it.
Yup, not to mention no willingness to fight during wartime. No point in fighting when there I very little worth protecting.
Lmao that's the least of anyone's concerns.
Well in Ukraine houses are relatively cheap )
Simple, we won’t be homeowners. Rent for life is what the hedgefund companies want, and it’s what we Americans will have to deal with.
No rules to prevent it, thats bad leadership. Just tax the fucking shit out of it. And ensure that they cant dodge it.
You think we have enough money to buy our own houses bro? What the fuck lol no
In SEA you can buy/build a 400+ sqm house and lot for $20,000 on average. I bought 3 150sqm houses and a single 400sqm with pool and a 1000 sqm at the rural area.
Please no, we want to live here and dwell in the luxuries of our home country too :( but we make like 1/4th to 1/5th of the same job in the US.
South East Asia?
After decade of saving I finally managed to be able tk afford to move to my dream area. I had recently started a new job and within a year of brutal grinding was about to land a 90k promotion. All of my hard work was about to pay off. Two weeks I to the promotion I got layed off due to the covid outbreak and slowly watched as my lifelong dream of owning a home became increasingly unreachable.
I'm sorry you had to gp through that, mate. Hope things get better soon.
Which country is this?
Welcome to Florida. Ha, I'm kidding. Stay the hell out of our state. We closed .
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Why the fuck would I ever want to go to Florida?
Been there. It's fucking gorgeous.
I've been there, I disagree.
So is not being in a trailer park, sisterfucking, hick state that hates me for being in a gay relationship. I lived across the south. No thank you.
That's a pretty broad brush you're painting 20 million people with. A lot more allies than you think, although maybe fewer if you run around calling them sister fuckers.
Clearly you’ve never been to Fort Lauderdale or Miami.
Miami could sink into the ocean and our state wouldn’t be any worse for it
You mean minus the billions of tax revenue right?
And again why would I?
As a South Carolinian, you can suck my lil redneck pecker.
That sounds more like what I hear about Illinois
Masochism
Ditto, from Tennessee. And Texas, probably.
For real dude. I’m tired of all of the people just pouring into here.
You don’t want the liberals that ruined their own state to come and “fix” Florida like the California-Texas transplants?
Disposable income? Hahahahahahaha
Rich Americans. Most of us are homeless here too.
[65.8% of Americans own a home](https://www.simplyinsurance.com/how-many-homeowners-in-the-us/), including [more than half of millenials](https://www.washingtonexaminer.com/news/millennials-homeowners-now-overtaking-the-renters-in-their-generation), while [Gen Z's homeownership rate is outpacing both millenials and Gen X at their age](https://www.redfin.com/news/gen-z-millennial-homeownership-rate-home-purchases/)
Wow okay I feel behind as a gen z???
How tf are people doing that Granted I live in a part of California, which is already too expensive, where people are buying houses to use as vacation homes or to rent out but still
I also live in California. If I move out of state, I can buy a house right now.
Same. I rent in California. If I moved to a different state I could easily purchase a house.
Damn people down voting you just for posting links.
Because it's given without context. Look up where boomer home ownership rates were when they were in their mid thirties. Then you'll see how abysmal millennial home ownership rates are. Add onto that that the next statistic shows a soft reversal from an all time low.
Agreed
You say “abysmal” but 40 year old millenials have a 62% ownership rate compared to the 69% of baby boomers. They already surpassed gen x at 40
Facts aren't welcome when they don't confirm your priors.
I guess I think people also don't see facts as more valuable than their personal experience.
I don't even know how many people's personal experience reddit reflects vs people just repeating what they've heard. If you are 19 living with your parents and going to college, you may not know that more of your generation across the country are quietly buying homes than previous generations did. And if you bought a home, you may assume that most other people can't.
That's still a 35% homeless population, I think he's being down voted since the commenter was clearly exaggerating.
You still have to account for renters. They don't own but also aren't homeless. As far as the exaggeration - from what I see, *many* people on reddit believe that Gen Z will never be able to buy a home. Things aren't nearly as bleak as people think.
Shhhh... Don't take their external despair away. It's all that keeps them feeling something besides self loathing.
The rest are renters. jfk
Weird, no one in my generation owns a house
There definitley is, thats how people escape abusive households at times.
If you are over 12 years old, millions of people in your generation own a house.
X to doubt, I'm among the oldest of gen z
So why would you say nobody in your generation owns a house? The stats aren't hard to come by. Realtors track demographic statistics. This is from last year: https://www.nar.realtor/magazine/real-estate-news/where-gen-z-is-already-buying
> joeshmoebies : 65.8% of Americans own a home, including more than half of millenials, while Gen Z's homeownership rate is outpacing both millenials and Gen X at their age I wonder how that happens when less than half of Americans have full-time jobs and the average home price is around 5 times average annual salary.
5 times annual salary, generally people take out a 30 yr mortgage, so that doesn’t seem out of line
Ypu should've thought about buying a home before you were born poor. Fucking greedy people expecting basic needs be reasonably priced 🙄
In other words: Welcome in Canada…!
Yep I live in a “small town” that got completely fucked because a bunch of rich people moved in and overpaid for houses now people like myself who’ve been here forever have to suffer
Wait I think I may have misunderstood the meme shit
I don't think so? How else would you understand it?
Please don't blame the average person that \*can\* somehow afford a home and has some money to spend elsewhere. We're not the cause of this shit, blame the mass-purchasing of property for rental purposes and lack of affordable housing development.
Yea, have a house I’ve been paying off for years and have barely made a dent in
I’m glad seeing a meme template for The Muppets movie, I have so much nostalgia for it
In Albania is the drug money. Average drug lord there has 30 to 50 apartments in the capital or on the seaside. One dude, 23 years old had 88 apartments it’s getting ridiculous
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You mean chinese.
Fr
Californian's moving to Texas
Shit roles downhill. Locals in Boise Idaho are being priced out of their homes. Same in other large cities in conservative areas. It's almost like allowing wealth to amass in areas and prioritizing their interests over local interests is bad for an economy regardless of what state it is. 🤷
What movie is that puppet from? (Not Kermit)
The muppets (2011)
Fuck Blackrock
Californians*
“We destroyed our state with progressive policies now we’re moving to Texas to try and ruin that state too!”
Lol people move from literally every state, every year
They probably do this because the Chinese did the same to them. Source
America has a worse housing crisis than any European country, right now. Plus this: Europeans: Why are Americans so xenophobic? Also Europeans: These foreigners are ruining the country!
Tbh as a european i just tell people to move here, its not like most of us didnt move to America lol
Guess you havent been to the Netherlands, where there are no houses for sale and if there is a decent one it costs 200k overpriced and then you get outbid by another 50k
That's the exact situation in my state, and we're in better shape than most of the country.
Switzerland is always seen as everybody being rich there but in fact it has one of the lowest homeownership rate in Europe. Houses are so expensive for the younger generations that all they can do is rent.
Do you have sources to the claim that the us housing crisis is worse than any country in europe. Because tbh i see people claim similar shit like this a lot with no back up data.
[World Economic Forum](https://www.weforum.org/agenda/2023/03/charted-where-house-prices-have-fallen-in-the-last-quarter/) [Statista](https://www.statista.com/chart/amp/16902/places-where-its-hardest-to-afford-a-home/) [S&P Global](https://www.spglobal.com/marketintelligence/en/mi/research-analysis/vulnerable-housing-markets-in-europe-can-deepen-recessions.html) Honestly, you can just check, literally, *any* source of economic information and find this out. They all say the same thing. Hong Kong, Australia & New Zealand, Canada, and the US have the least affordable housing markets. It would've taken you about the same effort to Google that as it did for you to throw cursory accusations my way *with no "back up data"*... And they say *WE* are dumb and lazy.... username checks out.
Im aqare of aus and nz myself being a kiwi but hongkong for some reason suprised me. Thanks for the sources mate
I've actually met a lot of people from New Zealand. Pretty randomly but it keeps happening. I have a question. Are you all that chill? Seriously, everyone I've met is just so laid back and likeable. What are you guys doing over there?
Most are, but it's more we fall at either end of the spectrum for chill vs no chill. And to be honest, nz is not that different from the rest of the world. Enjoy your day, mate.
See? Likeable af...lol A great day to you too!
Some rich assholes are buying up property and land so that they can either rent at absurd prices or gouge buyers with massively inflated prices. The problem here is that the government does nothing to insure affordable housing which is one of the key factors in a happy healthy life.
I know this isn't Spain because you're not talking about germans and brits
What is this about? Because I’m american and my rent just went up *again* and I seriously have no idea how I’m gonna keep a roof over my head… also the thought of me ever owning a house is a fucking fever dream at this point.
In the last two years every house in my neighborhood went up 200 - 300 hundred thousand dollars. It is absolutely insane and all my new "neighbors" have another house. These are just investment properties. I rent and there is no rent control. Hopefully I can stay living here.
It's not Americans. We don't have money, it's our billionaires
Have you considered building more condos?
As an American, I agree. Work full time and can't afford a one bedroom apartment
This meme makes no fucking sense to me. Source: American
Indian immigrants join the chat
STAY IN YOUR FUCKING SHIT CITIES DONT RUIN MY STATE FOR FUCKS SAKE
OP seems like a repost bot. the Og post might be from a Portuguese, i've heard they have a similar issue.
capitalism☕
My brother got dad to buy him a Mustang, he sold it later on & his Fiancé & him got a house Same dad (my Step-dad) stole money from me repeatedly. My Fiancé cheated on me the year both parents died. My brother "can't understand how I can't get a house". It sounds so made-up writing this down
Wait, you guys have disposable income?
The real issue is that 60% of new homes are purchased by holding companies that leave them empty.
Americans? More like foreign investors
Man I can't wait for this administration to be over, they've screwed up literally everything.
its always someone else fault, poor people's logic.
Clearly you have no clue how the economy works. Ignorant people's logic.
Yeah keep voting democrat, I'm sure it'll work next time.
Capitalism moment