So when’s the housing bubble bursting?

[Dr. Truth]

As if Georgia don't have mountains and state parks with natural hot springs. I base home ownership on generational wealth and amount of land as in with acreage my seed seeds can build another home on their grandparents land or sell it and buy more acreage. you're baseing it on produce really? Ok in that case I can say I prefer Georgia due to its number 1 in peaches and pecans..wtf lol.

Again makes no sense to me to spend millions for less. Neighbors few feet away, only 3 br, barely a front - back yard a.k.a no acreage, no basement. Just to say " I OWN A MILLION DOLLAR HOME" lol.
As to where in GA for 400-700K more br, basement, not close to neighbors, and an acre or two

But our home values go way higher so we can cash out and move anywhere since y’all’s homes don’t go up in value like that. Y’all may make 1-200k but we will get 800k-1 million and it keeps going up. Owning property in California is much more valuable .

 

[RUDY RAYYY MO]

But our home values go way higher so we can cash out and move anywhere since y’all’s homes don’t go up in value like that. Y’all may make 1-200k but we will get 800k-1 million and it keeps going up. Owning property in California is much more valuable .

Yeah if you're not sitting on at least an acre. An acre or more gets 800k to a million or more in the South

 

[Dr. Truth]

Yeah if you're not sitting on at least an acre. An acre or more gets 800k to a million or more in the South

Yeah but you have to move way out if you want an acre . I’m a city guy I don’t want or need all that or want to do the maintenance on an acre of land hell Naw

 

[RUDY RAYYY MO]

Yeah but you have to move way out if you want an acre . I’m a city guy I don’t want or need all that or want to do the maintenance on an acre of land hell Naw

Ummm no you don't. Not in GA, TX and other states in the South

 

[^SpiderMan^]

Cool but say you were sitting on an acre or 2, then you're looking at more than a million

Depends where. My family has 40 acres in Louisiana and it hasn’t appreciated much at all. I do feel you on the value on owning land, but no so much the economics when compared to California metro areas.

 

[^SpiderMan^]

https://www.realtor.com/realestateandhomes-detail/Stone-Rd-SW_Atlanta_GA_30331_M95411-49708

 

[Dr. Truth]

Ummm no you don't. Not in GA, TX and other states in the South

Ok but the land ain’t worth that much.

 

[Dr. Truth]

https://www.realtor.com/realestateandhomes-detail/Stone-Rd-SW_Atlanta_GA_30331_M95411-49708

You’ll be waiting 80 years for this to double

 

[RUDY RAYYY MO]

Yeah but you have to move way out if you want an acre . I’m a city guy I don’t want or need all that or want to do the maintenance on an acre of land hell Naw

Ummm no you don't. Not in GA, TX and other states in the South

 

[Day_Carver]

As if Georgia don't have mountains and state parks with natural hot springs. I base home ownership on generational wealth and amount of land as in with acreage my seed seeds can build another home on their grandparents land or sell it and buy more acreage. you're baseing it on produce really? Ok in that case I can say I prefer Georgia due to its number 1 in peaches and pecans..wtf lol.

Again makes no sense to me to spend millions for less. Neighbors few feet away, only 3 br, barely a front - back yard a.k.a no acreage, no basement. Just to say " I OWN A MILLION DOLLAR HOME" lol.
As to where in GA for 400-700K more br, basement, not close to neighbors, and an acre or two

I have a problem when people put home and generational wealth together. To me, Generational wealth is something that can’t be lost or it takes a lot to lose. 100k from a home isn’t generational wealth. 10 million and up, now we talking. Home ownership can be great but it ain’t generational wealth…

 

[RUDY RAYYY MO]

I have a problem when people put home and generational wealth together. To me, Generational wealth is something that can’t be lost or it takes a lot to lose. 100k from a home isn’t generational wealth. 10 million and up, now we talking. Home ownership can be great but it ain’t generational wealth…

100k? Where you get that figure?. Passing down homes to seeds isn't an example of generational wealth? who raised you

 

[RUDY RAYYY MO]

I have a problem when people put home and generational wealth together. To me, Generational wealth is something that can’t be lost or it takes a lot to lose. 100k from a home isn’t generational wealth. 10 million and up, now we talking. Home ownership can be great but it ain’t generational wealth…

100k? Where you get that figure?. Passing down homes to seeds isn't an example of generational wealth? who raised you

 

[A to Dah K]

I have a problem when people put home and generational wealth together. To me, Generational wealth is something that can’t be lost or it takes a lot to lose. 100k from a home isn’t generational wealth. 10 million and up, now we talking. Home ownership can be great but it ain’t generational wealth…

I agree, the beneficiaries can fuck that up so fast. The model is out dated.

 

[Day_Carver]

100k? Where you get that figure?. Passing down homes to seeds isn't an example of generational wealth? who raised you

No it's not. 100k is a high amount to what people can get from selling their homes. Might get 200k or 500k, that still ain't generational wealth...

 

[havelcok]

Blackstone is preparing a record $50 billion vehicle to scoop up real estate bargains during the downturn — here's how to lock in higher yields than the big money

Priced out of the market? It's time to pivot.

finance.yahoo.com

 

[4 Dimensional]

I agree, the beneficiaries can fuck that up so fast. The model is out dated.

No it's not. 100k is a high amount to what people can get from selling their homes. Might get 200k or 500k, that still ain't generational wealth...

The don’t pay the taxes or no will was created so the family fighting over it.

We know how it goes down. My family has lost a shit-ton of property due to both of those things.

Houses and land gone like a mofo.

 

[RUDY RAYYY MO]

I agree, the beneficiaries can fuck that up so fast. The model is out dated.

Fuck it up so what I'd be dead and gone. I want to give mines a head start. Why are Black folk so adamant on seeing their own struggle. Yall niggas kick your kids out they day they turn 18 .
You and Day remind me of the anti reparations folks that say Blacks don't deserve reps because they're financially illiterate

 

[A to Dah K]

The don’t pay the taxes or no will was created so the family fighting over it.

We know how it goes down. My family has lost a shit-ton of property due to both of those things.

Houses and land gone like a mofo.

Don't wanna work, sell the house to live off the money, blow that in 2 yrs.

 

[A to Dah K]

Fuck it up so what I'd be dead and gone. I want to give mines a head start. Why are Black folk so adamant on seeing their own struggle. Yall niggas kick your kids out they day they turn 18 .
You and Day remind me of the anti reparations folks that say Blacks don't deserve reps because they're financially illiterate

Get a hold of your emotions.
You sound silly.

 

[A to Dah K]

The don’t pay the taxes or no will was created so the family fighting over it.

We know how it goes down. My family has lost a shit-ton of property due to both of those things.

Houses and land gone like a mofo.

Yep

 

[^SpiderMan^]

IMO one of the greatest areas of improvement for our people is wealth transfer. We blow millions not having wills and trusts.

 

[RUDY RAYYY MO]

Get a hold of your emotions.
You sound silly.

I'm emotional. Yet you scared of some shit that MIGHT happen. The sky is falling head azz

 

[havelcok]

They won’t drop back to 2 % where it was just 6 months ago. It’s dropping from 5.8 to 5.25%.

it’s at 4.9

Mortgage Rates Dip Below 5% For The First Time Since April

The average rate for the most popular type of mortgage in the U.S. fell below 5%, capping the biggest two-week decline in 35 years.

www.forbes.com

 

[^SpiderMan^]

100k? Where you get that figure?. Passing down homes to seeds isn't an example of generational wealth? who raised you

Only having a primary home is not the best way to pass down generational wealth. I cant tell you how many families lost homes in months. Without a will, probate takes some off top, then there is fighting over what to do with the house, then there is the tax burden. Really, the best move is pulling equity. People with money don't focus on "paying off a home" and passing it down for generational wealth.

 

[4 Dimensional]

it’s at 4.9

Mortgage Rates Dip Below 5% For The First Time Since April

The average rate for the most popular type of mortgage in the U.S. fell below 5%, capping the biggest two-week decline in 35 years.

www.forbes.com

At this point the sellers are moving their prices with mortgage rates. As long as they keep doing that, then it doesn’t really matter what happens. The house prices are too high.

 

[RUDY RAYYY MO]

Only having a primary home is not the best way to pass down generational wealth. I cant tell you how many families lost homes in months. Without a will, probate takes some off top, then there is fighting over what to do with the house, then there is the tax burden. Really, the best move is pulling equity. People with money don't focus on "paying off a home" and passing it down for generational wealth.

Where did I say pri...nevermind man

 

[Day_Carver]

Fuck it up so what I'd be dead and gone. I want to give mines a head start. Why are Black folk so adamant on seeing their own struggle. Yall niggas kick your kids out they day they turn 18 .
You and Day remind me of the anti reparations folks that say Blacks don't deserve reps because they're financially illiterate

What does fucking up have to do with the term generational wealth? I have a 1million insurance policy thru NY Life; that leaves plenty for my kids if or when I demise; on top of other things; but that still isn't generational wealth; and that policy will leave more than most houses would ever leave for one's family...

 

[DC_Dude]

 

[havelcok]

apart from knoxville
those places are cheap for a reason

 

[Dr. Truth]

Barstow California is cheap too. There’s a reason why

 

[Helico-pterFunk]

 

[praetor]

 

[praetor]

 

[A to Dah K]

Homeless In California: Living In My Car

You Cali cats better get out there and rescue this sweet Latina.

No damn reason in the world she should be in this situation. She been living like this for the past 7 months.

Shes up 50k followers since last week. Her channel gonna blow up and she gonna make headlines

 

[A to Dah K]

How the hell does it go from sugar to shit in a couple of months?