Only an idiot would buy a house during the most comical housing bubble in history

[old steel]

The only legit part of the bubble is the Chinese goverment using its dollars to buy up American properties and wall st getting into the slumlord business. But that ain't an economy, it's some kind of social engineering program. Now Obama is going to make sure every neighborhood in America is well diverse. The goverment is promoting genocide while whitey is fighting over houses they can't afford.

[General of Darkness]

I sell if my mom wasn't sick.

[zap]

I have have more then a couple of developers call me to to bid tract homes, they are all going to build 2 to 3 homes and test the market, if they sell quick they are going to build out. I turned one guy down, but will do a couple for the other guy. I don't see a recovery, nobody is getting new jobs. But I will collect my money while I can.

[Shami-Amourae]

I sell if my mom wasn't sick.

Will you come to Idaho?
:)

[Hitch]

I just don't understand how the housing market keeps getting propped up.

Out here in CA, there is a major housing boom going on. Houses are getting grabbed up by investment groups, paying cash deals, so your local working guy gets priced out. Houses are getting into bidding wars again.

I don't understand how when the average price for a home is over $400,000, yet the average man can't come close to affording that. The ave home price should be where the average working man can afford. It doesn't make sense, and I see another bubble here bursting towards collapse.

[Twisted Titan]

When you have quintillion of dollars there is no end to the amount of happy horseshit you can pull.

you also create all sorts of "programs" where the average jackhole can scarely get in but in doing so will sign his soul over in terms of the paper contract where they will control the most productive years of your life.


until I figured that out I was of thge same line of thinking as yourself

If the avg house is 400k that means the monthly payment on that is well north of 3600 and that is not even taxes and insurance included but for shits and giggles let put it in at 4400.


let me ask a question who do you know that has a job or investiments coming in that they can pay over 1100 dollars a week just to keep a roof over their head?

I dont know that many...... which lead me to the conculsion above and with destrucxtion of decent paying work.... my theory has only been further validated

[Hitch]

let me ask a question who do you know that has a job or investiments coming in that they can pay over 1100 dollars a week just to keep a roof over their head?

None of the brother's I work with, including myself, that's for sure.

I'll never be able to wrap my head around these numbers, and understand how folks buy homes. It just doesn't make any sense.

[Twisted Titan]

I live near Seton Hall University and it is a posh little area that has massive historic homes.

I mean homes where the servant quarters in the back of the property the average person would kill for.

When houses pop up for sale they are quickly snapped up.

Well every so often i walk through this area to show the wee one all the nice houses on the way to libary for story time.

I never payed attention but i noticed a few more houses for then before so i started to count over the next several days


The number i came back with floored me


In a area no further then 1.5 miles from my house i counted over 45 houses for sale.

What is significant is these are historic homes......families that come from old money that bear the name on some street i drive

When old money is leaving in droves you better pay attention


I saw a house in that section "needed work" asking prick 560k and the taxes were over 25k.

And to think if you do any improvement the tax assement is even higher

Who the hell is finding 6 grand a month to live somewhere?

The implosion cant be that far off.

[Twisted Titan]

I live near Seton Hall University that has massive historic homes.

I mean homes where the servant quarters in the back of the property the average person would kill for.

When houses pop up for sale they are quickly snapped up.

Well every so often i walk through this area to show the wee one all the nice houses on the way to The libary for story time.

I never payed attention but i noticed a few more houses for sale then before so i started to count over the next several days


The number i came back with floored me


In a area no further then 1.5 miles from my house i counted over 45 houses for sale.

What is significant is these are historic homes......families that come from old money that bear the name on some Streets i drive

When old money is leaving in droves you better pay attention


I saw a house in that section "needed work" asking prick 560k and the taxes were over 25k.

And to think if you do any improvement the tax assement is even higher

Who the hell is finding 6 grand a month to live somewhere?

The implosion cant be that far off.

[Silver Rocket Bitches!]

The implosion cant be that far off.

I give it 6 months.

[Libertytree]

I'm having this same conversation/debate with a guy and I can't explain to him how the game is being rigged by all the smoke, mirrors and lies by the .gov and the MSM. I can't explain that our dollar is only worth 5¢ either. It's a losing battle and some folks will just never believe that they've been conned their entire lives.

[Twisted Titan]

I'm having this same conversation/debate with a guy and I can't explain to him how the game is being rigged by all the smoke, mirrors and lies by the .gov and the MSM. I can't explain that our dollar is only worth 5¢ either. It's a losing battle and some folks will just never believe that they've been conned their entire lives.


Morpheus: The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.*

[Son-of-Liberty]

Nothing surprises me anymore with this economy, housing prices, etc. Everything is so rigged and propped up and manipulated that there is no logical way to analyse the situation.

Just when you think that collapse is around the corner they pull some shenanigans and postpone the inevitable another 6 months to a year.

Honestly , with the fake recovery I think we may have another few years before the blow up. Remember a lot of this is dependent on public perception and momentum. If the sheeple think that things are good or getting better the fundamentals don't matter in the short run.

__________________________________

In the UK hosing is much higher then in Canada or the United States and it is kept propped up by government housing allowances that even most of the middle class receive. The funny thing about the situation is that people can't afford their rent without the housing allowance but real estate prices would collapse without the housing allowance. So they have a permanently inflated housing bubble over there that is propped up with taxpayer money.

Who benefits from the government subsidy for housing? Well, once again it is big business and the government. How are people going to turn on their own government if they depend on the government to afford housing? Or food or whatever?