Comments by "Kong" (@Koushi82) on "Real Estate Mindset" channel.

  1. Also all by design. I'm surprised people are still so braindead. If I was a builder yes u would still spam build and sell it all to Wallstreet since they said there is a shortage. If they refuse to buy all these vacant houses it means they lie abd lower values must be assessed. I can't wait for some builder to intentionally do this and crash the whole market. I'm sure the big builders like you outlined know this so they won't But all it takes is just 1 and I'm sure Wallstreet will keep bribing em to not do it. But if word gets out and mire builders do this they won't be able to contain everyone from spam building until Wallstreet can't hold it back any longer. Gov has been intentionally bailing them out and restricting supply as well with all their talk of more housing all lip service so poor won't rebel.
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  2. So yes. I have been telling almost all builders I encounter to do this as this weakness to capitalize on won't last. So if they smart they would forcefully crash the markets themselves and make out like bandits. In general they are not the villains but rather the elites keeping supply off the market, intentionally increasing prices plus avoiding taxes and making everyone suffer are the villians.
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  3. Sorry too much info. I guess if I had enough capital I would do it myself slam build and sell houses until prices go below 3x median income just because I don't like them.
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  4. There is nothing else to tax because income has never kept with inflation if you tax income more to subsidize home owners because income tax payers have paid the cost of house appreciation. no one will ever work and instead just do it behind the scenes. if you force us to pay that fraud. Fact is you just need to lower house prices else go bankrupt
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  5. So be it let banks have it still won't buy their trash ignore them and walk away from this p n d economy
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  6. Let’s all vote for no federal income taxes and only have property taxes
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  7. Yep nice ai they used
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  8. ​ @arkzyFn8 except it hasn't happened for the past 50 yrs
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  9. And cut rent to the bone. Living in car even so you can have something for food first rent is last after food meds transport to job then rent
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  10. they need to back to at least 2019 levels pre pandemic else overpriced trash.
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  11. So they can pay taxes
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  12. We already live in van and cars too bad
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  13. Since wages are under priced means houses go down by 70% or wages go up by 500%. Take your pick you did this to yourselves. Now go pay taxes on your over priced vacant house
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  14. ​ @Leonnie13  so if you buy now that 15000 per year for 5 years. is going to still pay for property values property tax and insurance/ you landlords want others to pay for it though when you sell. you factor that in instead of charging your new buyer those fees you should have paid you pass it on but if you do not those fees are higher than rent nub.
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  15. Local issue deal with it your local gov is corrupt that you voted for. Federal cannot help you go local. Sucks to suck you wanted higher prices you got it. Nimbys you got your tax bill now pay your taxes and insurance. They committed fraud to spike the prices of houses and limiting supply as well. Nope build houses drop prices first before lower property taxes or removal. Until then GG not voting for it if renting. You and speculators will need to pay for the inflation deal with it.
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  16. this is good people can get cheap vans to live in =D
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  17. They need to text the landowners that benefited from all that inflation their leeches anyway
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  18. Google Georgism
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  19.  @BREEZYM6015  sorry it was a glitch XD
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  20. this is why never buy a house you cannot afford it must be below 33% of median household income of the local area if you did not do this you over paid and will have a likely bankruptcy on your hands in due time. anyone that did this good luck we are not paying for your mistakes. deal with your issues yourself since you said your house is worth so much go ahead and try to sell it.
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  21.  @manatime1653  you think van life is new I bet 10-20% of the working population in bay area are van lifng right now at least because no one can afford rent. plus the rooms are tiny vs what you pay especially may as well live in car
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  22. Jobs for ai not humans oops
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  23. And no one buys houses either way as everyone loves in vans since rich people want to use land as hard assets since no one has income they vote for only prop taxes and then all landlords get liquidated and prop values crash by 99% GG get wrecked just deserts
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  24. It's those using stonk market margin leverage to buy houses notice nvda p n d
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  25. Fuk it I would make a building company and keep undercutting as a race to the bottom intentionally
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  26. 3 yrs foreclosure wow
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  27. yes ghetto house apt san fran was going for millions
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  28. Drop by at least 50% and ideally 75% due to being that over priced
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  29. That's until they need to pay pmi again
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  30. by definition air b n b is a hotel. no duh
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  31. Yeah? Just lower the price
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  32. Also repurpose the apt for the cost of 1m dollar per apt for 1 studio. Likely when if you give it away for people to rebuild you cam renovate for 50k in materials or less each
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  33. Also I have no sympathy for nimbysists as they deserve bankruptcy.
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  34.  @rafaelmariscal9170  property tax keeps the housing market in texas in check to keep people that bid up property from buying too much they cannot afford or need and no income tax. IMO Texas has the best policy in place in regards to this as for CA opposite and you see what happens. abuse after abuse of productive people. If you want to work texas is better.
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  35. They shame us because landlords want prices to go up and for that that need another sucker. They know they bought overpriced houses
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  36. Refuse to pay more than 1/3 of median 1 person income for rent. In a avg neighborhood meaning not ghetto.
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  37. The real reason why they refuse to admit to a recession officially on national TV and need is because hft ai controls stonks if they say recession it would crash stonks and the Lovers, they are using to buy housing and then taking out housing leverage to buy more stocks.
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  38. Living in car isn't a bad idea better than working. It's a matter of giving up shit to get back what you lost. As a result pain to a better future that was stolen from you. Take the pain now do not rent for shit. The wage to rent ratio doesn't make sense. Make your money and GTFO of that hell hole rent trap. Let the rich people work their slave wages that cannot even pay rent there.
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  39. Over priced. I would never pay full price
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  40. Inflation is caused by prop values due to money printing going into them close down money printing and houses crash. Simple. Keep this higher for longer means landlords buying over priced houses dead. Wages by comparison isn't the real issue. It's always been rent houses forcing wages up eg inflation y'all complain about. Drop property values prices and watch everything go down in price.
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  41. So it's 1875. And what is local median income and sqft Anything above 1/3 median income for 500 sqft for 1 person and 1500sqft for 2 people is too much But thats the max ideally one should go lower
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  42. Also needs to be sub 300k because that's what locals there can afford 3x median household income 800k is nothing at least get to 500k fuk. Anything above 300k there just buy land and build it yourself not worth buying shit above that.
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  43. So why tax income I stead of property again?
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  44. So the boomers making houses cheaper for themselves while dumping the cost to everyone else as always. Suggest to young people without families let the boomers go broke do not subsidize them.
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  45. 90%
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  46. Landlords should prepare even more of that since less and less people can afford it reasonably Honest people are likely living in cars instead
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  47. ​ @joesmith3590  exactly who is this guy fooling. if they wanna sell those houses then sell them for what they are worth 50-100k not 200k+. my god. and 2 hours away to get to work means 4 hours a day donated to work because they do not pay enough for rent anyway. so really it is 12 hour days for an 8 hour shift. instead try to do 12 hour shifts and make it 16 hour days instead so you can work 3-4 days instead of 5 days a week. else not worth it. nurses do this typically but they know its not worth paying rent in the local area after working for a while and moving. eventually the cities die. this is what happened to SF as they drove out decent people in place put in oakland crime sprees and decriminalizing it. cause they cannot afford to arrest them because everyone decent left and all left are those that are leeching from gov. oops?
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  48. False unless the local economy can support the prices of the house eg median h income x 3 for the median a t least 1500 sqft the house is over priced and no matter what you say to justify it max is 3x you cannot afford it nor can most in the area
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  49. Next equity stripping is the intention duh? All to give to the elites. I already said exemptions to primary houses only while tax heavily on foreign and Wall Street owned properties. Very very simple.
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  50. Oh by the way the money does not disappear it goes to someone or entities All the US needs to do is default on them and have those entities bankrupt and call it where are they going to do attack us? The back of the matter is most of the wealth worse are stolen from the port and given to the elites get them to pay for it All their wealth is not theirs it's stolen That's a fact we can pretend that they earned it but they didn't They bribe the government to give them free stuff
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