Go ahead, vote MAGA in the midterms if you’re curious how fucked your life can get.
That fat lazy golf playing asshat has never had to work hard a day in his deranged life.
Here’s the thing that I think a lot of people don’t understand about home ownership: Housing prices going up is only beneficial if you plan to sell.
We were (very) lucky and were able to get in on the tail end of the early 2010s housing crisis and leverage the first-time homebuyer incentives that were offered at the time to buy a modest house. It cost $245k. It’s currently worth $550k, and people seem to think this means we made $300k in profit! Yay us! And technically, on paper, sure, we did, but in reality, no.
Housing prices across the board are up, and we still need a place to live, so if we sold this place, we’d have to buy something else (at the same grossly inflated prices), or we’d have to rent (at grossly inflated prices). If the $550k this place is worth on paper buys us something that would have cost $245k in 2010, we haven’t gained anything.
Either way, we have no intention of selling, so we will never see a cent of that increased value. What we are seeing, however, is increased property taxes since the property has, on paper, doubled in value.
What I’m getting at is, this doesn’t benefit homeowners, it benefits housing investors, who are the group Trump really wants to prop up.
You know who it is good for? Boomers who are selling their big houses to go live in a condo or nursing home. Guess who votes for this shit.
Also good for people who want to flee the US before the bubble pops.
We absolutely want to, and if having money was the only barrier to doing so, we’d sell in an instant, but unfortunately it’s simply not an option for a lot of people
What’s the plan, if not welcome in the new country? Or it’s invaded by the US?
There’s plenty of countries (in Europe or elsewhere) where Americans are still welcome. Here in the Netherlands we have quite a American community and we like having them, as long as they’re not maga crazies.
For me it’s not even a matter of who is accepting of Americans, but who will allow me to move there. I’m an “uneducated” factory schmuck and the vast majority of countries have some professional or monetary requirements I can’t meet :(
Japan lets Americans come, visa on arrival. If you want to stay longer than 90 days, you can start a business, you have a lot of leeway here, and loans are pretty cheap, like 8% for foreigners, <4% if you’ve been here awhile. Huge foreign community can guide you when you get here.
If you’re in your 20s, you can get a working holiday visa and work for any company that will hire you.
You can’t just step out for an hour and reenter like with China, Japan doesn’t like visa-runs.
With China, you can get an L(tourist) visa and make a visa-run every 90 days (60 if you applied outside USA), or M visa if you plan to start a business.
The China visa process kinda sucks, dm me if you need help.
For vietnam, you can go there on a 90 day evisa, and if you’re white, a fake college degree can have you working as a fake English teacher at a fake English school, for real dong.
And if the US decides to invade, what will the person I asked the question do?
Importing the crazy to your country. Americans are just sick they have their fairy tail founding and the we are the god given people complex.
Overly broad generalizations are not helpful. In any case, the Americans likely to leave are not the idiots who voted the fascists into power.
And, you know, US Presidents whose families own real estate empires.
If no one can afford the boomer homes, the houses stay unsold so there’s a balance when trying to maximise profit.
As mentioned above, that’s fine for investors actually. They don’t want individuals buying homes. They want people renting them. Across a long enough period, renting will be more profitable so they are happy to buy them up even if your average person can’t afford the mortgage.
Why is this becoming so acceptable to Americans?
Boiling frog.
Remember, when Al Bundy and Homer Simpson showed up, they were considered ‘middle class.’ Homer had a house and two cars, his wife stayed home. That was normal.
In 1960, minimum wage was $1.00/hour and the average US home was $11,000.00. At that time, $1 million was a vast fortune. Nowadays, $1 million is what a rich guy pays for a party.
A honeycrisp apple costs over two fucking dollars. Five years ago it was fifty cents. Not fifty years ago. Five. Small, but entirely emblematic of the problem.
Don’t get me started on luxury inflation.
Look at things like the prices for live sporting events and concerts.
Back when The Beetles were the hottest band in the world, teenagers were buying their own tickets.
Middle class folks used to be able to splurge once in a while and get the best of the best. Now that stuff is beyond the reach of mere mortals
Mmm I don’t know about this one, I worked at grocery stores 15 years ago and fancier single apples were around $1.50.
Because the people who don’t accept it don’t have the power to reject it. We are owned by billionaires and our system is corrupt to the fucking core.
Exactly.
Our home has doubled in value in the last 7 years, but life would be better if it had’ve stayed at the same price.
We’re lucky enough to have somewhere to live but as a community it really sucks that its so hard for so many people - the rental market is just awful, inhumane even.
God forbid we want to buy a bigger home with some more room for the kids - upgrading just cost twice as much.
My parents are boomers and have been beneficiaries of the eternal increase in property values throughout their lives. They’re in their 80s and really need to retire, but can’t really afford to. Increasing property prices aren’t really good for anyone.
Same here. We bought our modest house and have been slowly updating it. But we never plan on moving unless we absolutely have to. So I don’t need or want it to increase in value. The value is it’s my home.
Don’t for get the higher insurance rates as well.
This is something that has baffled me for a while when I see or hear people talking happily about their home value going up or talking about their house as an investment and get mad at the thought of a drop in home value. Even if these people never sold their house, if home prices keep increasing faster than wages, then at some point they won’t be able to afford the taxes on their home. I just don’t get it, smh.
What you do gain is equity. And while that equity can’t be used to pay for a new house, it can be borrowed against cheaply.
A second mortgage, such as a home equity loan or a home equity line of credit, means you can use some of that value in your house for big purchases or projects without the higher interest rates you would pay for other types of loans or a credit card.
It’s one of the reasons home ownership is financially superior to renting, even if your monthly payment might not be that different. Owning property has inherent value.
Absolutely the biggest scam ever.
My parents bought their house for $159,000 in the late 90s.
They are still in that house. Guess how much is left on their mortgage balance? $350,000.
Why? Because of cash out refinances and HELOCs.
They should be retiring soon but they’re not, because people like you said these equity loans are good.
They’re not. These are terrible ideas. Do not EVER take out the equity of your home.
I have a mortgage payment already, and groceries have tripled in what feels like a year and a half. My property taxes went up $200 a MONTH this year. What makes you think I’m in a position to make more fucking payments?
Equity is a fucking scam, brother.
There is a use case for house values going up without selling the house…kinda.
HELOCs are a great option for low interest credit, using your house’s equity for collateral. Higher value = more equity = more collateral = higher credit line.
If the $550k this place is worth on paper buys us something that would have cost $245k in 2010, we haven’t gained anything.
Mmm, no.
300 fucking thousand dollars is still 300 fucking thousand dollars.
You could buy a shitshack and still have a place to live. Hell, you could even get scammed renting like a moron and you still would have made money.
He is setting USA up for the worst economic crisis in history.
The biggest, the best, the most beautiful financial downfall the world has ever seen.
Crashed economies hurt the poor. The rich use their wealth to buy up resources, realestate, stocks, etc. on the cheap and then ride it out in their luxury homes while the rest of us stand in the bread lines.
Which only works until you tank the country by pissing of your customers (aka other countries) enough and tank your currency.
Everything en route!
The wealthiest people in the world already essentially do not experience borders. They regularly travel without passports or customs checks, live for extended periods in multiple nations without visas, they are essentially the proverbial citizens of the world. If the US falls and the dollar is wiped from the face of the Earth, they’ll have all of their money in European stocks, Asian currencies, and Middle Eastern real estate as they watch the collapse.
What hes aiming for is destabilization.
He’s already talking civil war.
Which I think is his ultimate goal. and the goal of his masters.
Civil War 2 on a horrific scale, that knocks America out of any meaningful global position for years, if not decades afterwards.
It will take a bit more time. Enough time that when the next president steps in, the aftermath will really show. Then this egotistic maniac will point at that president and blame them. Never him fault, according to him.
But that’s narcissism for you.
They said run it like a business.
That’s what he’s doing: he crashed most of his businesses.
There’s like a 50 percent chance he’ll be dead by the time it really starts.
“Who didn’t work very hard”
Says the obese orange paedo that has never worked a day in his life.
The only thing this fat tub of corruption ever worked hard at was finding and raping little children. Sweaty cunt.Shit not even finding the little children. He had Epstein for that part of it.
Probably also the child beauty pagents where he had dumb parents personally bring them for some reason
He’s profoundly ignorant because he beat up some dweeb to do every single piece of homework he was ever assigned.
I hate him.
My dream is to be a homeowner and it’s slipping away faster than I can chase after it.
I fucking hate him so much.
Today I could not buy the house I now own.
Ditto.
Our first house was my late grandparents home. I bought it from my dad for 100k in 2013, which itself was probably ~25k below market.
We sold it in 2018 for 250k, and bought our current home for 375k.
Zestimate now for my house is 613k. I could never afford that. I paid what, a net 225k (plus taxes and interest ofc).
I don’t discount how much luck has played into my current station in life…but damn.
The downside is…I feel like I’m stuck here now. We refi’d when rates were near their lowest, and any house that would be a sidestep in quality/neighborhood/size costs the same or more, plus higher interest.
My SIL and her new husband just bought a house and I damn near fainted when I heard what her mortgage is gonna be.
I was already teetering on the edge when my BIL told me how much rent is for his 1BR apartment (which is also much more than my mortgage on my 4br/1.5ba house).
Same. Even though the sale value has doubled.
It’s OK guys, I’m planning on buying a home later this year. Knowing my luck, property values should plummet sharply shortly after I do that.
Alternatively, hyper inflation will reduce your debt to nothing and you’ll still have a house.
Assuming you still have a job/income.
Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes.
And the income follows somewhat inflation, otherwise you’ll need 600% of your income to barely afford one meal per day, and you won’t have anything left for the house.
We’re more likely looking at deflation.
I’d bet on stagflation actually:
Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment.
Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely.
Thank you for taking one for the team
Says the laziest person on the planet.
LOL, I cannot wait until I have my next IRL conversations with the more-leftist-than-thou dumbasses that sat out or voted third party and the Enlightened Centrists that voted for Taco because they fell for the right wing/Russian agitprop that Biden’s economy was so terrible and/or that Kamala was genocidal and/or something something “gerontocracy”.
JFC.
Maybe you should devote that energy toward more constructive organization efforts within your party, or good faith gestures that build trust and solidarity with new allies? As someone who did hold his nose and voted for the uninspiring, inept Democrat pick who went on to eat shit I have to say this preoccupation with rubbing your party’s failure in the face of anyone you failed to reach is… Not inspiring, to put it charitably.
LOL, you must not have much dealings with the type I’m talking about. They are rubbing their high-horse ideals in my face all the time, saying that Taco is more or less the same as Kamala would have been.
Voting for Kamala was the only sane move. That’s all we were asking for.
We all want Bernie, but the nation is what it is and we’d have been streets ahead with Kamala even. Hopefully AOC someday.
Yes, not inspiring and entirely unproductive. Demonizing and pushing those who didn’t vote blue further to the right isn’t helpful, and I’m not saying “both sides are bad” or that we have to compromise with Republicans (I voted for Kamala too).
As fucked as things are, we can either whine about not getting our way until the end of time, or we can do something about it. Comments like OPs push the needle in the wrong direction.
Sadly, I’m pretty convinced if Kamala was Male they would currently be president. Trump has only ever beaten a woman, in a race… Or whatever
ICE records show Biden admin plans could give Trump a head start on deportations
President Biden Signs Anti-Immigrant Spending Bill Reaching Trump-Era Highs
Biden’s Emergency Funding Proposal Seeks $14 Billion for Immigration System From Congress
Tom Homan - Border Czar was originally appointed by Obama
Keep in mind, these democrat moves to bolster ICE were happening while the right was blatantly telegraphing their moves to immediately weaponize ICE once they took power. Project 2025 came out and promised to use ICE to plunder and abuse Americans. Biden and team then spent the next 4 years not only failing to prepare for Trump, but preemptively strengthening the mechanisms Trump would eventually use to carry out project 2025. The democrats are controlled opposition.
Sure, maybe we wouldnt be seeing this intense of immigration enforcement if Kamala were in charge, but if she were, she’d be working behind the scenes to ensure the right had all the tools they needed when the time was right.
The democrats are controlled opposition and the American electoral system is kabuki theater. The fascist descent is the only logical conclusion to the American political experiment- which was predicated on the wholesale genocide of Native American Indians and quickly pivoted to enslaving an entire continent.
You realize what the only logical conclusion to your “pragmatic liberal utilitarianism” is, right? I give it 4 years before youre chiding leftists for not voting for dem candidate Ted Cruz as he campaigns against republican candidate Mecha Hitler. Youll still see nothing wrong with that. You will sell out the victims of American Imperialism to buy yourself 4 more years of political waffling - just as you did with Palestinians.
I have someone like that in my life. To this day they think masking and “forced gene modifications” are a bigger deal than what happening now. I’ve been lectured so many times about how anger at what’s going on is just being political.
I’ve never heard about forced gene modifications? Are they referencing GMOs, or…?
She’s antivax, especially when it comes to the mRNA vaccines, she claims they are a government experiment that we were forced to undergo. She conveniently ignores that the phizer was available and you weren’t mandated unless you wanted access to public services.
Oh, good grief. One of those dead-enders. I find it hilarious when someone I know still holds a grudge about having to get the “jab” to travel, or to work, and so on. The biggest snowflakes.
Ah yes waste time blaming people who were actually trying to move the needle back to the left but were roundly ignored by a bunch of geriatric genociders who would rather pander to racists and ignoramuses who would never vote for them in the first place than just idk maybe stop committing genocide.
This will totally get those people to vote for the other milque toast white racist that the dems put up as a candidate without any sort of election and just expect everyone to vote for because “at least theyre not trump” without actually having any policy that differs from republicans in any sort of meaningful way.
without actually having any policy that differs from republicans in any sort of meaningful way.
For all that the dems really do seem to do their best to alienate the left, I’m fairly sure their policy did not include having barely trained, masked, goons running around American cites executing people at will, kidnapping others, and facing no concequences, and yet, trump was clear that it was what he wanted. I’d call that a meaningful difference.
Yes it’s the individuals that are the problem not the party that chains to be left but sides right every single fucking time.
So, who else to blame for voters that think Taco and Kamala are the same and that Taco would be “better for 'conomy”? That’s the fault of the Democratic Party?
People keep blaming them for anything and everything and how they have to “message better”, but the Democrats don’t really have any kind of media to get that message out on.
No one said that. But it’s inarguable that the Democratic party is in large part responsible for people not wanting to vote for the candidates they put forth knowing full well we want an actual lefty and not a corporate business monster.
Do you honestly think that if Harris won there would be armed agents on the street murdering citizens, driving your economy to historic lows, alienating your closest allies, tanking trade routes, invading Venezuela, kidnapping anyone with a skin colour darker than snow white…
I could go on.
Did I say that? No you’re conflating.
Your top dem wants trans people exterminated just like Trump. So where’s the FUCKING choice? If trump was a dem, you’d vote for him.
Are you seriously saying you can’t see the difference
JFC
I feel like this requires some explanation.
This is a very Merz thing to say.
Didn’t he just say he’s kicking out investment firms to help housing affordability?
He needs to drive up the prices so the investors can sell their investment properties at a profit before goes all “we dropped housing prices”.
If only salary and net worth would be tied to the actual effort made at work.
Almost all CEOs would be homeless.
Makes sense if everybody’s dad can give them a million or so to get started. Trump worked very hard to get that million from his unloving father, so I get it. /s
It wasn’t a million it was millions and it was multiple times. Not like it really matters Donnie never really risks his own money anyway.
Dude was getting 200K a year by the time he was 3. By the time he graduated from college, he was getting 1 million per year.
Received nearly $413 million in all from daddy. At least.
And of course, didn’t pay the proper taxes on it.
vote MAGA in the midterms if you’re curious how fucked your life can get.
Or don’t vote. Again. Either will have the same effect.
Voting left: 1
Not voting: 0
Voting MAGA: -1
More people would vote if democrats weren’t just controlled opposition.
Doubt it
Fuck that sonofabitch. When he finally dies all his assets should go back into the national treasury to reinstate the departments his little Nazi lapdoge cut out
