You are viewing a single comment's thread. View all
2
WeedleTLiar on scored.co
10 days ago2 points(+0/-0/+2Score on mirror)2 children
>There is a floor price
Not necessarily.
One thing that houses require that most other assets do not is upkeep costs. If you don't heat the house in winter, you can damage the foundation. If you don't keep the roof repaired, you can damage the walls. You could shut off all the other utilities, but good luck showing a house with no running water. And then there is always property tax.
The point is, you can't sit on them forever without losing money. If the price is *not* projected to increase, speculators have no reason to wait and will sell, even at a loss. This has happened before and can result in ghost towns or, in extreme cases, Detroit.
Mass immigration really is the beginning and end of the problem. There would be no speculation on real estate if there wasn't high demand, and without MI, demand is easily met by supply.
Send the foreigners home, or even just pause MI for a few years, and the real estate bubble will burst. This is one of the biggest reasons that *any* politician with Boomer support will never seriously fight MI.
10 days ago1 point(+0/-0/+1Score on mirror)1 child
You make some good points.
I think that the government subsidization of housing also increases the price.
Everything the government subsidizes usually goes UP in price contrary to what people might believe. This applies to college tuition for example The government subsidized student loans and so the tuition just skyrocketed with easy money easy lending. Same with houses. The more FHA programs the government hands out and easy loans and easy subsidies the more the demand for houses increases and the price goes up.
I've even seen a few people on this forum suggest that further subsidy is a solution. I hope people learn the lesson that it is not.
I listen to lots of land podcasts to try to learn how these guys accumulate land. They utilize all sorts of IRS accounting tricks and forms to avoid taxes. It's all scammy and most of them sound like dirtbags. But slimy people who know how to utilize tax loopholes get to buy up the land with subsidized loan packages while we just try to make an honest living and can't get ahead.
Lending is bad. So once again, jews introduced something very negative to our society where you can't purchase things for reasonable prices because people who are more willing to take that subsidized jew debt loan will pay more than you will even though they didn't actually earn and save the fucking money. Do you see how a system like this is unfair and is doomed to fail? It's a dishonest scheme and jews and bad people are hoarding assets until people are fed up and uprise with a just and righteous shoah and reconfiscate what was rightfully ours. Reminds me of when the Germans seized the banks and took over custody of the gold in the vaults.
As I was saying, farm subsidies are causing more problems with the prices of agriculture than they eliminate. Input costs drive an increase consumer expenses. It's all intentional to generate tax revenue. They will never be satisfied with what they extract and are always looking for new schemes to extract money. It is doomed to fail
Not necessarily.
One thing that houses require that most other assets do not is upkeep costs. If you don't heat the house in winter, you can damage the foundation. If you don't keep the roof repaired, you can damage the walls. You could shut off all the other utilities, but good luck showing a house with no running water. And then there is always property tax.
The point is, you can't sit on them forever without losing money. If the price is *not* projected to increase, speculators have no reason to wait and will sell, even at a loss. This has happened before and can result in ghost towns or, in extreme cases, Detroit.
Mass immigration really is the beginning and end of the problem. There would be no speculation on real estate if there wasn't high demand, and without MI, demand is easily met by supply.
Send the foreigners home, or even just pause MI for a few years, and the real estate bubble will burst. This is one of the biggest reasons that *any* politician with Boomer support will never seriously fight MI.
I think that the government subsidization of housing also increases the price.
Everything the government subsidizes usually goes UP in price contrary to what people might believe. This applies to college tuition for example The government subsidized student loans and so the tuition just skyrocketed with easy money easy lending. Same with houses. The more FHA programs the government hands out and easy loans and easy subsidies the more the demand for houses increases and the price goes up.
I've even seen a few people on this forum suggest that further subsidy is a solution. I hope people learn the lesson that it is not.
I listen to lots of land podcasts to try to learn how these guys accumulate land. They utilize all sorts of IRS accounting tricks and forms to avoid taxes. It's all scammy and most of them sound like dirtbags. But slimy people who know how to utilize tax loopholes get to buy up the land with subsidized loan packages while we just try to make an honest living and can't get ahead.
Lending is bad. So once again, jews introduced something very negative to our society where you can't purchase things for reasonable prices because people who are more willing to take that subsidized jew debt loan will pay more than you will even though they didn't actually earn and save the fucking money. Do you see how a system like this is unfair and is doomed to fail? It's a dishonest scheme and jews and bad people are hoarding assets until people are fed up and uprise with a just and righteous shoah and reconfiscate what was rightfully ours. Reminds me of when the Germans seized the banks and took over custody of the gold in the vaults.