General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Debany Doombringer
Timcast
comments
Comments by "Debany Doombringer" (@debanydoombringer1385) on "The Great Reset Is Happening NOW, Elites Are Buying Up Houses OVER COST So YOU Can't Own Anything" video.
Correct. Everyone is scrambling to take on long term loans because as everything else increases, those will remain stable. You're locking in a price for the foreseeable future that won't fluctuate. As inflation rises, income will have to increase. That means your $500 house payment will take less out of your overall income while rent will increase to keep pace.
6
@cl5193 It's the same in where we're moving to in Oklahoma. We live 5 hours away and by the time we could even call about a house, it was sold. They were being bought by real estate agents to flip. We managed to get one $20,000 below asking and $1,000 below appraisal. They threw in all the stainless steel appliances and it's a luxury home with a saltwater in ground pool. It was in the middle of renovation so we have to spend around $5,000 to finish it, but still was a great deal. It would sell for $60,000 more when we finish it. They are out there, but you've got to be willing to put a bit into it. It was impossible to find a renovated or new home in a decent neighborhood with our budget.
1