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Work 30 Years For Something That Was Made in 3 Months
invite response
2012 Jul 23, 6:16am 31,364 views 75 comments
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Rin
2012 Oct 1, 8:15am
so there's always Houston.
The Texas Triangle is my backup plan, if my current hedge fund activities don't get me to retirement in 5-7 years and/or that I don't attend medical school in eastern Europe.
It's really the only high population areas where I'd buy into real estate, as job markets there are viable but like you, I'm a northeast Yankee at heart so I can't see myself in TX, other than as a long term business trip.
Rin
2012 Oct 1, 11:06am
Rin says
Buffalo NY is a perfect example
Buffalo demonstrates what happens to ALL cities. If you think some city is immune, you're fooling yourself.
Yes, there's so such thing as immunity, however, I believe Buffalo is a near perfect example of a once great early 20th century development, gone to the dogs at century's end. Realize, Michigan's Detroit is a singular industry town with minimal diversification outside of it, ala Gary Indiana with US Steel Corp. They were poised for an implosion when Japan Inc started selling cars. And when ancient Rome a/o Constantinople fell, they were invaded and overwhelmed by outside forces. No one's invaded the Niagara region since the War of 1812.
Buffalo's decline coincided with the rise of *New* Boston, from a blue collar/old New England city. This was linked to the raise of white collar work in electronics (Teradyne, Digital Equipment Corp, etc), finance/insur (J Hancock, Fidelity, etc), and defense (MITRE, Raytheon, etc). Later, adding biotech and more health care avenues, as the decades progressed. Today, many eastern MA stalwarts are in decline, with a few of the startups, adding much fewer headcount than before. Defense is the last stable industry, however, the headcount is moving to TX.
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And what's most sad is that you dumb peasants are willing to do it for something that is 50-60 years old and was made in a matter of months or a year.
A brand new home is not worth 30 years of labor since it can be made within a matter of months or within 1 year depending on the features but you dumb peasants top it by agreeing to sign a 30 year mortgage for a home that is 50-60 years old requiring work everywhere.
30 years later... It needs to be knocked down....
The level of American stupidity is astounding... You sheep are brainless idiots. It's really comedy to me on how stupid you all are.
At least with rent for 30 years... You have the ability to save. But now you fucking debt slaves are starting to dump your mortgage liabilities on to renters.
Rents are now rising... Housing is being refused it's correct bottom prices... Inventory being withheld... Squatter deadbeats abound... Realtors lying about everything including their name.... Brokers wanting to snap up every deal & then flip it back to you peons.
THE AMERICAN DREAM IS A BIG FUCKING LIE! (including renting)
I can't wait to see the expression on the faces of you cockroaches when home prices crash 99% and shit hits the fan into cannibal anarchy.
Most of you would be admitted into a mental asylum because the truth would be too much for you worthless fucking idiots.
Realtors, brokers, homeowners and renters are going to start eating each other when the whole financial system collapses.
I can't wait when restaurants will start selling Realtor Medium Rare Steak...
#housing