Home Ownership

[maskedmelon]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

I just dont think it should be a way to invest or make money beyond the equity in the properties you live in.

If i was god emp that's the rule I'd make

Do you mean that you would make rental housing illegal? �� What about people who don’t want to live in an apartment, but lack the savings for a down payment, or do not qualify for a loan?

And you don’t care about currency devaluation or its impact on housing prices? I am just curious about this piece since it is relevant to your OP on the housing market.

[Jibartik]

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Do you mean that you would make rental housing illegal? �� What about people who don’t want to live in an apartment, but lack the savings for a down payment, or do not qualify for a loan?

And you don’t care about currency devaluation or its impact on housing prices? I am just curious about this piece since it is relevant to your OP on the housing market.

I'd come up with a good system that basically makes home ownership a much smaller scale.

Something like you could own 2 homes per person or something. I dont care what affects it has on society or the world or economy beyond how I think it would make things better either too because I am god emp in this scenario.

I just think you should own the land you live on and that's it. This town aint big enuf.

[hobart]

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Why not just stop pouring dollars into the system tho? The majority of the increase in price is due to the currency devaluation.

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Do you mean that you would make rental housing illegal? �� What about people who don’t want to live in an apartment, but lack the savings for a down payment, or do not qualify for a loan?

And you don’t care about currency devaluation or its impact on housing prices? I am just curious about this piece since it is relevant to your OP on the housing market.

"Currency devaluation" has little or nothing to do with the increase in the prices of investment real estate and, thusly, rents.

1031 exchanges combined with historically low capital gains, the ability to take accelerated depreciation, cost segregation, and increases in property taxes, continue to drive the demand for investment real estate and continue to encourage people to take gains 3-5 years into the ownership cycle. And now that you've sold, you can overpay up to 38% more than the market value on the property you're re-investing in and still come out ahead...

[Gatordash]

Don't know what you guys are talking about with this currency devaluation stuff. Biden and Powell can print as much money as they want and we will only have a 2% inflation this year because its transitory(TM).

[Pulgasari]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Don't know what you guys are talking about with this currency devaluation stuff. Biden and Powell can print as much money as they want and we will only have a 2% inflationthis year because its transitory(TM).

https://www.investopedia.com/terms/h/hyperinflation.asp

[maskedmelon]

Originally Posted by hobart [You must be logged in to view images. Log in or Register.]

"Currency devaluation" has little or nothing to do with the increase in the prices of investment real estate and, thusly, rents.

It accounts for about 75% of the increase tho.

1031 exchanges combined with historically low capital gains, the ability to take accelerated depreciation, cost segregation, and increases in property taxes, continue to drive the demand for investment real estate and continue to encourage people to take gains 3-5 years into the ownership cycle. And now that you've sold, you can overpay up to 38% more than the market value on the property you're re-investing in and still come out ahead...

Given that currency devaluation adequately explains around 75% of appreciation in housing prices, the collective influence of these items account for around only 1/4 of the increase.

[Bardp1999]

Bunch of poor people IIT trying to figure out housing

*kekes softly from luxury home that the bank only half owns*

[Thorgrimm]

https://www.cnn.com/2021/08/03/us/wo...rnd/index.html

Update: After CNN aired a story about her potential eviction, Dasha Kelly clarified to CNN that she is not the mother of the three children featured in the story. CNN has verified she takes care of the children in her home for periods of time. She says she originally described herself to CNN as a mother because she considers herself to be like one to them.

[dragosanii]

Aren't you septics right in the middle of another housing bubble that's about to pop - repeat 2008 but much worse?

[Ooloo]

I love how everyone thinks landlords are these cartoonish rich fat cat evil guys twirling their mustaches and raking in money. The majority of landlords are middle class and have one rental property that they are using to help pay off the mortgage on their own house. People who claim to care about the poor really just hate the rich. They are two very distinct, different things.