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289

Everywhere I look, the prices are absolute insanity. I mean, yes, they are expensive and if you're lucky you can get crumbs from the kike manipulation of the markets. If you're unlucky, you essentially have a very expensive, down under mortgage. But recently, the housing prices come off as slavery. These clearly 250,000 housing units are being sold for 500 or more, and its like how the fuck does anyone afford this stuff?

Everywhere I look, the prices are absolute insanity. I mean, yes, they are expensive and if you're lucky you can get crumbs from the kike manipulation of the markets. If you're unlucky, you essentially have a very expensive, down under mortgage. But recently, the housing prices come off as slavery. These clearly 250,000 housing units are being sold for 500 or more, and its like how the fuck does anyone afford this stuff?

(post is archived)

[–] 1 pt (edited )

My story was living in a one-bedroom apartment and scrimping and saving until I built up about $50,000 in savings. It only took me about 5 years, and I was only making about $15 back then. I used that right at the bottom of the 2008 crash to buy a house for $325k. Four years later I sold that house for $550k and used that for a down on a house for $640k, which is now worth close to $1 million. So, for the past 10 years I have paid about $225,000 for mortgages and about another $55,000 for property tax. That works out to ~$280,000. If I was forced to liquidate today for $1 million I would cash out about $640,000. So, on net, I would have lived the last 10 years rent free and get paid another $360,000 cash money for my trouble.