So sorry if you thought this post was about the title. It's more a question, and how to achieve such a thing.
I grew up on about over an acre of land. We had an orchard in the back of our yard, apples mostly. I yearn for the days of my youth. I make a good living, by most standards, I'm above average. So why can I not buy a house like in my youth? The divide seems so very large. By most measures I was in poverty in my youth. Yet I cannot even afford that lifestyle. Why is that? Why is housing so damn expensive?
Only the wealthy can have that acre. We have been trying to buy land for quite some time. It seems we have a problem of foreigners owning our land and driving up the prices. We have been out bid every time by foreign investors. Tell me again how our politicians allow foreigners to buy houses and land in this country. Foreigners should have never been allowed to own houses. They are buying all our houses!!! They have priced American citizens right out of the market! All the newlyweds we know can’t afford a house. But 3 men from India can buy one - no problem. People can’t see the problem with this...
Blackrock is one of the main culprits in driving up housing costs. Blackrock (and to a lesser degree, Vangard) are buying up whole subdivisions at above market prices before the developers even finish them. What they don't control directly, they lord over by enforcing their ESG score on any companies that they own a large chunk of shares in. It's a two pronged attack - make housing too expensive for the average home buyer - cripple US companies using ESG while at the same time profiting off of their investments in Chinese companies that don't give a rats ass about ESG.
https://www.foxnews.com/media/blackrock-investment-firms-killing-dream-home-ownership
https://nypost.com/2022/08/16/blackrock-faces-scrutiny-from-19-state-ags-over-esg-investments/
Man you know what's even more crazy? My 401k from my last company and now my current company are directly linked with Blackrock and Vanguard! I'm basically directly funding this! My only alternative is to not invest at all, or to invest by myself
That's the worst part of it - these evil fund fucks are not even using their own money to bring about our slavery - THEY ARE USING OURS through 401k, IRA, and pension funds.
Oh I feel you! But how are these foreigners buying anything?! I mean, who is ultimately buying any of it?! I def think that there should be limits on who can buy land, and foreigners should NOT be on that list. The divide is so damn large though.. I make more money than my Father by at least 3x over, but I cannot afford the lifestyle I had as a kid. Why? Or I guess I already know, and it's been said in this thread. It's by design, but damn has it gotten farther than I would have thought possible!
Same in Canada. Never been able to afford it. It is dream only.
Here is even what's more bs. U slave and sacrifice your whole life and finally scrape up enough for the land. Not an included structure, just the lot.
U buy the land, but u don't really own it. U rent it. Because after purchase the CONTINUAL property taxes are so insane you're basically paying for damn near another mortgage. Around here we're essentially paying for the privilege to rent the land.
I'd agree with that. Property tax is basically theft. Saying you need to pay the government for the privilege of already paying for the land you live on?! It's insane!
We need to ask ourselves, why do we have to pay to live on the planet we were born on?
And, you don't even have full rights to that property, you only buy the top portion of land, if you found out there was a resource buried, that's a different set of rights.
From reading some of your other posts, it sounds like you live in a blue state? Like Cali? Land is insanely expensive. Even here in Oregon. But even in Cali, you could’ve bought a great house back in 2010-2012. It was about impossible to get a huge mortgage, since the banks had been burned, so you need to save money (as I mentioned), have little to no debt and get a bank loan or a loan from a family member if you need more. We bought 3 lots in 2010 and 2011 for half of what they had been in 2008. We are planning on doin that again in the next downturn, which is coming up.
Location location location
Land around me is about $2500 an acre.
Where there is the will there is a way.
Not all acres are created equal - I can buy land within 1/2-hour of me for around $1000 an acre - dry plot of land, no access roads, no utilities nearby and no mineral or water rights - you can't even legally pond the rainwater on your property because you don't have the water rights. If you can buy productive farmland with water rights for $2500 an acre, please let me know where so I can buy some before Bill Gates snatches it up.
Ozarks
So I do wonder about that, A LOT! Was my Father just lucky? Was it all just right time right place? So where there is a will there is a way.. Am I just weaker then? Was my Dad just stronger and persevered? Is the answer that I just need to move so damn far away from anyone else that I can actually afford it!?
Seen some.e market gardeners that are still finding land for 5-100 an acre. Most do not look online they find someone who has land they don't t want and don't take care of.
So full disclosure here. I make about $120k a year. Getting land that I would take care of?! I would jump at the opportunity. Maybe I need to look harder.. I'm not some vigilant person scraping by. Am I just being lazy?! Certainly possible, can't deny that.
If its something you really want it can happen. Have to reasearch and research some more. None of these deals happen overnight.
Gotta figure out something fren.
Luck, grit, determination....whichever works out first.
Life is full of choices.
It is hard for any of us and requires sacrifice and support. .What are you willing to sacrifice- beyond the monthly payment - to get what you want? Longer commute? Different career? Different locale? Is your spouse on board? What kind of skills can you build while you save for your dream?
Very interesting question! And maybe I could actually get what I want if I sacrificed. But I'd still have to ask, how much do I have to sacrifice?! It's certainly not as much as my Father needed to. Something is very wrong with the world today, and that's not to say it was correct just some time ago. Perhaps it's been going wrong for quite some time
We are frogs in a pot of water, fren. It's been going on for so long that you have to go back in history to see the rise in temperature in the pot. The main answer to the sacrifice part of the equation is how long you are willing to wait for things. If you can get out of debt and avoid going into debt again, you will be amazed at how fast you can save up some cash - and what kind of bargains you can find if you are paying cash as well.
Because they want you to "own nothing and be happy" "eat Ze bugs" and "live in the pod".
Didn't you know your killing the earth with your existence?!?
In other words, it's by design.
We will be corralled and eventually forced into digital id and digital currency eventually too...
I'm both hoping you're wrong, and afraid you're right at the same time. By all measures, I'm more successful than my Father, yet I'm at a bigger disadvantage.
I feel you. Similar circumstances....
You probably live in the wrong state. I'm a mechanic in OK and I have a nice house and two paid for cars,one very old.....
Learn the term "Debt slavery" if you want your answer. Inflation is their backdoor into making us all their slave. Destroy the central banking system and people would realize their true wealth.
If you want your answer abolish the Fed, the IRS and well....honestly abolish it all. I got lucky and purchased my home on over an acre well over a decade ago. I will also inherit my parents home and inlaws home which will ultimately be given to my 2 kids considering they both work full time jobs making well over 40K a year, and in our area that was great money 10 years ago, and neither of them can afford a home. It really is disgusting how much we work for and all our money is wasted by a tyrannical government that hates us all.
After the SCOTUS ruling on the EPA I think all the 3 letter agencies are going by by. Congress makes the laws not these idiots. Most, if not all of them came about through EO's
The Fed is not a government agency - it's a privately owned bank that our congress passed legislation specifically so they could abdicate their responsibility for our money to a non-government controlled bank. Read the book when you have the time but here is a short synopsis)Sorry for the Wiki link):
https://en.wikipedia.org/wiki/The_Case_Against_the_Fed
I believe we can all thank Woodrow Wilson for selling us down the river. If memory serves me right he gave control to the banksters on Christmas Eve. Please correct me if I'm wrong. I am getting to be an old fart. The 3 letter agencies I was refering
Close, Federal Reserve act signed into law December 23, 1913
to did not include the Fed. Sorry
https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html
I am certainly on board with what you're saying. Man I really hope this Q plan is what people think it is, I still don't know whether it is to pacify or free us all! Am I really being held back because of "them"? or am I just another "victim"?
I saw a video on here just a couple days ago that put the debt/inflation thing into perspective. I think they used 1960 prices/income vs today. Average house in 1960 cost $12,500 and average household income was around $7000 per year - meaning your house cost a little less than 2 years worth of income. Now: Average household income is around $50,000 per year but average home price is around $450,000, meaning it takes around 9 years worth of income to pay for the average house. The breakdown for vehicles was way worse too.
That is absolutely crazy. But I can totally believe it. I think my childhood house was around $150K.. quite expensive for the time, but compared to now, an absolute pittance!
This is a huge question with more than one answer, but it's basically because wages haven't kept up with housing inflation since the 1970s. You could buy a house on a single-income job in your parents heyday, but now that same house is barely affordable for two people. It's the result of unchecked capitalism.
A couple of factors influence the artificial inflation of real estate prices
By manipulating the price of money, cheap credit, fuels inflationary bubbles.
Investment in real estate is a smart way of securing a return, but this has two side effects: more money is chasing the same inventory, and the number of buyers, especially Chinese, is huge, and now surpassed by Black Rock.
A Chinese can get a mortgage 20-50 times the income, and in the West it is usually 3-4 times. This disparity causes the "smart money" to invest in the US.
This then creates a bubble in local real estate prices, such, that the local average Joe is incapable to buy.
This in turn puts pressure on rentals to go up. ( Often rentals are also part of the investment scheme).
By artificially inflating the immigration numbers social housing is under pressure, dislocating original local demand.
To satisfy it, government has to compete in the market place to buy places in order to be able to built "affordable" housing.
Putting up another real estate upward price pressure.
Over the years it turns out to be such that your wage will not be enough to buy.
It basically shows the truth of what Ron Paul, and the Austrian School of Economics, predict, is that this system favors those with access who are privy to the curve.
This then repeats the cycle.