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NOOOOO YOU CAN'T JUST MAKE A PREFAB HOUSE. IT HAS TO GO UP IN VALUE 30% PER YEAR
by Beaver117 4y ago
NOOOOO YOU CAN'T JUST MAKE A PREFAB HOUSE. IT HAS TO GO UP IN VALUE 30% PER YEAR
- jbm 4y agoI knew I remembered that number from somewhere. > LOL @ priced out renters! It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 20-30% yearly price appreciation. Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas. This asset bubble is different than all of the previous and other asset bubbles - it will never slow down, or pop. The gains are permanent.
- quickthrower2 4y agoSounds like crypto!
- preommr 4y ago> Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas. This asset bubble is different than all of the previous and other asset bubbles - it will never slow down, or pop. The gains are permanent. Genuinely can't tell if this is sarcasm or not.
- jbm 4y agoFor what it is worth, this is from 15 years ago. These concerns have been real and around for a long time. Still. I can't believe we have tent cities in places as cold as Calgary. (It's legitimately possible to have snow in July here) Another piece of real estate media that aroused ire at the time; https://youtu.be/odQ7s85bk9s https://youtu.be/odQ7s85bk9s (Thank you for the memories @pud.)
- CPLX 4y agoI think there was a Honda full of silver involved too right.
- jbm 4y agoAnd a motorcycle stuck in the mud.