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Kong
Real Estate Mindset
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Comments by "Kong" (@Koushi82) on "Real Estate Mindset" channel.
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If I was builder I build so much and under cut everyone as much as I can so I would capitalize on it and the cut and run away
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Considering many were paying 200k for 2 mil house prop 13 that stripping of equity is for new home buyers remember folks don't over pay for useless over paid houses 20% on the dollar is still 200-300k not worth it at all I might pay 10k-50k
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Income to property value ratio nothing else matters. 50% decline needed
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Need law to stop sales to investors
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Anything over 3x median household income will be underwater
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I'll base home values being affordable once 2x median income to home values for at least 1500 sqft in a avg neighborhood. Meaning if I am solo I dump everything into a house I can pay it off in 6-10 yrs or 5 yrs if 2x Above that no way being a housing. Bottom
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Explode to what no one can afford shit and no one renting hence high vacancies now oops? so everyone buys and keep them vacant lmao
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Anyway remove as much expenses as possible do not over pay for anything. especially rent and houses. yes cooking is good. If live in car invest in a camping stove or battery with induction cooktop. There cook food cut out all middle men and let them all reset I only buy anything with huge coupon
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This is why it's to important to buy a house below 3x median local income as a max anymore than that you overpaying and risk your lives and bankruptcy.
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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?
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U mean gov will continue stealing from income tax payers to give to the leeching landlord. Going to vote anyone and everyone that increases income tax in any forum and vote in anyone that increases property tax and decreasing income tax. Also ideally georgism. Will make it my life duty to remove property ownership benefits subsidized from income tax payers
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Scams brought on about your own local government that you decided to go to live at. That is and you voted for good job It's it's not even a federal issue
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@R. Dennison ohhhh 5% down it means they going bankrupt because they relying on gov bailing them out. Fuk 75% of them being poors offering 5% over listed price since they stupid sell to them and watch bankruptcy
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Property tax is a state issue go vote it yourself has no business by federal gov to regulate property taxes since that's state rights move your home then basically. HOA would be the new prop tax. Deal with states on a local level. You cannot expect Trump to do everything. Locals need to stop the fraud and abuse.
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I been asking around reddit idk but typically construction costs are like 100k in materials for 1500 sqft plus 150% markup for construction. Plus land and permits of course. So that's about 250k plus fees. So 300k is easy profit. Above that is insane profit
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IRS refused to collect taxes from billionaires anyway Only collects from lower middle to upper middle class and investigates wasted more than collects.
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So again why are we paying so much for this shit go to a vending machine model not restaurant. Call it what it is. No need for restaurant building just have vending machines nub
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So these corporations that pay nearly no taxes take tax money and fire tax payers. Steal from us then give themselves bonuses and fire us as well. Good job.
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Need free healthcare if we pay so much in taxes the rich don't even pay that much in proportion to assets they hold in usa
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so no one can afford rent of course. tbits better to just buy a huge lot and put a tiny house on it sell it to investors and see
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Noi No remove income tax before property tax. It's a local issue so you vote locally and bankrupt. Your local government. Don't ask for federal help? These are state rights, not federal rights. There's a constitution for a reason. The frauds on the local level deal with it locally
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Also reverse ratio is still 0% for tbtf banks
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We need house prices to drop by 50% no questions need a reset without bailouts. Sorry to say tax and insurance related with property value drop the value of you want lower taxes and insurance
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First thing to remove would be to replace directors, CEO CFO coo with ai as they do nothing and ai cannot replace Dr nurse CNA emt. Dumb asses
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@jcyt0511 then they over paid and should not have. otherwise sell it and move. I am already encouraging everyone and their grandma to leave cities that do not pay enough to rent/property values. instead van life if you must stay even work save up and gtfo of the location as it is toxic. those that refuse to move will be abused simple as that.
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Local issue remove income tax before property tax. And also income tax payers have been subsidizing property owners also it is.
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@ well tell everyone to stop demanding federal intervention when its local. they bought property in a shitty location. sell the house and move since its over priced.
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@brickmason26 this i can get behind. I wanted georgism with exemptions based on sqft of course 500 sqft is exempt per person living there not based on age. 1000 for 2 1500 for 3 for the house and land of 5000, etc. but if you want to make it age based 1000 sqft for 1 for 65 i can deal with. for land only i would only recommend at most 1 acre and at least 5000 sqft being exempt. but most cannot even afford this or they bought too much land they shouldn't own because they dont use it anyway but just buying it to keep forever and nimby lock people out. i will never support landlords forcing nimbyism they can all go bankrupt. ownership of land is not yours because you ask the gov to defend your land rights. with that comes a cost of mafia racket as always.
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if they wanna bail them out give every USA citizen 100k then instead of 600 dollars. no illegals allowed.
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Also you wanted high House prices you got it and our good job nimbies you did this to yourself and are now complaining. The only reason why nimbies are so prevalent in California is because they restricted the property value assessment and a grandfathered in all the wise they would all go bankrupt
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Stop trying to buy and instead build stop being a coward and do it but only if u are going to stay in an area
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Seems nvda ai boy chips used to scam people worthless nvda p n d
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Poor management with Wall Street buying up hospitals then bankrupting them
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Well good Dr and nurses recommend diet and exercise all the time no one listens
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But ai they said
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Y hope build do not buy ignore them a d they chase nub
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I luv minoritymindset. Telling it like it is ❤. Feds. "They need to raise interest rates higher" 👍 agreed
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house prices are far too expensive right now anyway. I rather them default and stay out for a while
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Also the problem is the debt for Boeing not the re taxes just by itself. Yes part of it. But it's from c suite CEO colluding to steal.
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This is what happens to pe buying hospitals. They intentionally got the hospital and then make them bankrupt then ask government for money. I asked rents in the industry about this already. It's true. Management is the issue. They intentionally bankrupt the hospitals. It's not that they're not getting enough patience. It's the fact that they're looting the hospital.
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young people are opting for van life boomers go take their prop with them
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Basically like the pump and dump market makers conduct because they own the stonks duh
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Good luck with prop taxes and insurance that are idiots
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No one can pay rent then lower the prices of houses else pay your taxes
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