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1
Al_Sharpton_for_President
2022 Jul 11, 2:13pm
Al_Sharpton_for_President
2022 Jul 11, 2:13pm
Well heck, yeah, why shouldn't we get an average annual return of 27%/year? OK, maybe 25%/year, then. No? Do I hear 24?
What, new homes of equivalent size with newer appliances are going for considerably less?
C'mon, now, bitches. Give it up!
Date Jul 11, 2022
Price Changed
Price $905,000
Date Jun 18, 2022
Listed (Active) FSBO
Price $961,000
Date Sep 1996, Sold for $121,000
Sold (Public Records)
Price $121,000
What, new homes of equivalent size with newer appliances are going for considerably less?
C'mon, now, bitches. Give it up!
Date Jul 11, 2022
Price Changed
Price $905,000
Date Jun 18, 2022
Listed (Active) FSBO
Price $961,000
Date Sep 1996, Sold for $121,000
Sold (Public Records)
Price $121,000
3
richwicks
2022 Jul 11, 10:54pm
richwicks
2022 Jul 11, 10:54pm
BayArea says
All it's doing is raising property taxes and making it impossible for the young to purchase a house - it's being done to impoverish your children and grandchildren, and get them to beg for government intervention to make it just POSSIBLE to life.
But you got yours, right? Fuck 'em!
There's NOTHING natural about home prices. Nothing, it's been federal policy to drive it up. It allows people to mortgage their property values to substitute for income. That's what has been done for 2 decades. Just have a minor economic downturn for a couple of years and shitload of people are impoverished. They'll sell their assets for what they can get, and end up with nothing and it will be Blackrock and Vanguard buying the property.
Congratulations, you have been tricked into communism. It was pretty simple to do.
Why do you hate profits?
Why do you hate America?
All it's doing is raising property taxes and making it impossible for the young to purchase a house - it's being done to impoverish your children and grandchildren, and get them to beg for government intervention to make it just POSSIBLE to life.
But you got yours, right? Fuck 'em!
There's NOTHING natural about home prices. Nothing, it's been federal policy to drive it up. It allows people to mortgage their property values to substitute for income. That's what has been done for 2 decades. Just have a minor economic downturn for a couple of years and shitload of people are impoverished. They'll sell their assets for what they can get, and end up with nothing and it will be Blackrock and Vanguard buying the property.
Congratulations, you have been tricked into communism. It was pretty simple to do.
4
SunnyvaleCA
2022 Jul 12, 12:17am
$355k to $800k in 8 years is 10.689% annualized gain. (355k x 1.10689^8 = $800k)
$121k to $905k in 26 years is 8.0464% annualized gain. (121k x 1.080464^26 = $905k)
Still a nice gain, especially if financed with a cheap mortgage.
$121k to $905k in 26 years is 8.0464% annualized gain. (121k x 1.080464^26 = $905k)
Still a nice gain, especially if financed with a cheap mortgage.
5
fdhfoiehfeoi
2022 Jul 12, 9:31am
fdhfoiehfeoi
2022 Jul 12, 9:31am
Have a co-worker who just bought in Dallas. He keeps trying to tell us the price of his house won't drop, it will just plateau. The fucking wishful thinking of people who buy because they've been told debt is normal, and are worried they're missing out on the free money. Nothing is ever fucking free.
7
FortWayneHatesRealtors
2022 Jul 12, 11:01am
NuttBoxer says
with inflation itll go up like all else.
Have a co-worker who just bought in Dallas. He keeps trying to tell us the price of his house won't drop, it will just plateau. The fucking wishful thinking of people who buy because they've been told debt is normal, and are worried they're missing out on the free money. Nothing is ever fucking free.
with inflation itll go up like all else.
8
fdhfoiehfeoi
2022 Jul 12, 3:34pm
fdhfoiehfeoi
2022 Jul 12, 3:34pm
inflation isn't over, but the fake profits for houses are. The two are not inextricably tied, anymore than my salary is. That's the fairy-tale every banker wants you to believe. For reality see Venezuela.
Give us your fucking money, bitch!
Date Jul 11, 2022
Price Changed
Price $799,000
Date Jun 20, 2022
Price Changed
Price *****
Date Jun 8, 2022
Listed (Active)
Price $845,000
Listed
Date Jun 13, 2014
Price $355,400