Home Ownership

[Mblake1981]

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

Hes even PM'd me pics, videos, articles and all kinds of shit about kids in cages. He COLLECTED that trove of shit he sent me. Like, who does that??

Cecily said something similar to that when I got the advantage. Both of which are bald faced lies and its obvious, dumb, ugly and stupid. [You must be logged in to view images. Log in or Register.]

[Disease]

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

Oh and this.
Hillary Clinton: “The only years that anybody's ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn't pay any federal income tax.”

Donald Trump: “That makes me smart.”

When you incorporate and dont take a check, you dont pay taxes.... Donald trump didnt change the tax code, its been this way since the late 80s.

[Gravydoo II]

Republicans see the law as a cudgel to be used against their enemies. They will break the law without regard, like trump did, then they will cry a river of tears if they even suspect someone else broke the law. They will even use that as justification for their law breaking, after the fact.

Was making a point that trump is under investigation for TAX FRAUD after he said "it makes me smart".

https://www.investopedia.com/taxes/t...lan-explained/

He did change the tax code. Now many business's are on the hook for those taxes he said were sooooo great for people. Remember that payroll tax cut??

The problem: Employers are worried about the administrative burden. Plus, they’re concerned they may be liable for the taxes of employees who have changed jobs. And lastly, if Congress refuses to forgive the taxes, companies will be on the hook for a huge tax bill next year.

While companies await guidance on how to implement the President’s executive order, Treasury Secretary Steve Mnuchin said in an interview on Wednesday that he can’t force firms to stop withholding those taxes. Some tax experts say that companies will be disinclined to take the chance.

NAM involvement: In remarks yesterday to NAM members, IRS Commissioner Chuck Rettig urged companies to continue weighing in with policymakers.

[myrddraal]

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

I am having a hard time understanding the housing market.

I often hear this one response when someone points out that millennials can't afford to buy one:



But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built? [You must be logged in to view images. Log in or Register.]

Like...

Are we at a lack of supply because we could have many more houses than we have, but we just wont build them?

Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?

I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

I just dont see how supply of homes being a problem can just be fixed. [You must be logged in to view images. Log in or Register.]

We aren’t at maximum occupancy, shitlords are buying houses and leaving them vacant as an investment. We have more than enough houses to end homelessness but don’t.

The reason we have high demand for new houses is the low interest rate, which is also why we have such crazy high sales prices right now (especially people, poor people...comparatively poor people) because it’s cheaper for Californians working from home to buy a house in Nebraska or Wyoming for 50k+ over asking price than to stay in California. It’s not their taxes that’s pushing them out, it’s the price of land itself. This has led to a housing bubble that once the moratorium ends, will make the 45 million+ delinquent or behind on their mortgages be foreclosed on, causing another market crash. The price of houses will drop, but only people with capital will be scooping them up so they can turn around and rent them out, which means with tons of new renters on the market, rent prices go up, and the poor get poorer with increased rent. Trump fucked the American people hard. All the people who bought a home for over value as well will also be fucked because they won’t be able to refinance once the market crashes.

The housing crisis has been explained to you now.

[Evia]

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

We aren’t at maximum occupancy, shitlords are buying houses and leaving them vacant as an investment. We have more than enough houses to end homelessness but don’t.

The reason we have high demand for new houses is the low interest rate, which is also why we have such crazy high sales prices right now (especially people, poor people...comparatively poor people) because it’s cheaper for Californians working from home to buy a house in Nebraska or Wyoming for 50k+ over asking price than to stay in California. It’s not their taxes that’s pushing them out, it’s the price of land itself. This has led to a housing bubble that once the moratorium ends, will make the 45 million+ delinquent or behind on their mortgages be foreclosed on, causing another market crash. The price of houses will drop, but only people with capital will be scooping them up so they can turn around and rent them out, which means with tons of new renters on the market, rent prices go up, and the poor get poorer with increased rent. Trump fucked the American people hard. All the people who bought a home for over value as well will also be fucked because they won’t be able to refinance once the market crashes.

The housing crisis has been explained to you now.

Pretty solid post.

[Pulgasari]

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

Pretty solid post.

The homeless housing bit is a lark but yes.

[Gravydoo II]

Tell it. My cousin is a fuckin slum lord. He always bitches about people getting money from the government but he will only rent to people on government benefits. His daddy is a millionaire and he made his nut when gambling online was legal. Dude raked it in. Now, he buys houses, paints over the mold, then rents exclusively to people on benefits because he gets paid before they do.

This happened in china. A million landlords died.

[Gwaihir]

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

We aren’t at maximum occupancy, shitlords are buying houses and leaving them vacant as an investment. We have more than enough houses to end homelessness but don’t.

The reason we have high demand for new houses is the low interest rate, which is also why we have such crazy high sales prices right now (especially people, poor people...comparatively poor people) because it’s cheaper for Californians working from home to buy a house in Nebraska or Wyoming for 50k+ over asking price than to stay in California. It’s not their taxes that’s pushing them out, it’s the price of land itself. This has led to a housing bubble that once the moratorium ends, will make the 45 million+ delinquent or behind on their mortgages be foreclosed on, causing another market crash. The price of houses will drop, but only people with capital will be scooping them up so they can turn around and rent them out, which means with tons of new renters on the market, rent prices go up, and the poor get poorer with increased rent. Trump fucked the American people hard. All the people who bought a home for over value as well will also be fucked because they won’t be able to refinance once the market crashes.

The housing crisis has been explained to you now.

So what you're saying is. Get capital right now ahead of the crash so you can buy the dip

[Patriam1066]

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

We aren’t at maximum occupancy, shitlords are buying houses and leaving them vacant as an investment. We have more than enough houses to end homelessness but don’t.

The reason we have high demand for new houses is the low interest rate, which is also why we have such crazy high sales prices right now (especially people, poor people...comparatively poor people) because it’s cheaper for Californians working from home to buy a house in Nebraska or Wyoming for 50k+ over asking price than to stay in California. It’s not their taxes that’s pushing them out, it’s the price of land itself. This has led to a housing bubble that once the moratorium ends, will make the 45 million+ delinquent or behind on their mortgages be foreclosed on, causing another market crash. The price of houses will drop, but only people with capital will be scooping them up so they can turn around and rent them out, which means with tons of new renters on the market, rent prices go up, and the poor get poorer with increased rent. Trump fucked the American people hard. All the people who bought a home for over value as well will also be fucked because they won’t be able to refinance once the market crashes.

The housing crisis has been explained to you now.

I’m going to buy a fourth home, maybe fifth, once this happens for rental property. Where do you live? You sound entitled so I’d like to do it in your area and drive your prices up

[Wrekt]

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

I am having a hard time understanding the housing market.

I often hear this one response when someone points out that millennials can't afford to buy one:



But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built? [You must be logged in to view images. Log in or Register.]

Like...

Are we at a lack of supply because we could have many more houses than we have, but we just wont build them?

Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?

I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

I just dont see how supply of homes being a problem can just be fixed. [You must be logged in to view images. Log in or Register.]

"Based on currently available numbers, there are about 31 vacant housing units for every homeless person in the U.S."

https://checkyourfact.com/2019/12/24...-vacant-homes/

move to resolved.

To summarize for the idiots out there - it's capitalism.

Take from the rich and give to the poor using government powers or this is what you get. no way around it

you think the rich will willingly take care of the poor? they haven't

they didn't earn it. each billionaire, save for warren buffet that fucking mutant, was given a HUGE handout from parents.

i don't mind inheritances and success, but let's be reasonable.

norway has a similar billionaire per capita of the usa and they have MUCH better social safety nets.

kuwait does a UBI, we can't? we poor?

ameripoors - can't even afford health care, housing and food for its people.

ameripoors - a country with a GDP the size of texas pwned us so fking hard. we're the lol of the world