Will real estate prices ever drop?

Spazyfool
Spazyfool

How the hell can a trailer in Pahrump Nevada cost $45,000? Pic related.

All urls found in this thread:
http://www.homes.com/property/160-w-14th-avenue-vancouver-bc-v5y-1w9/id-275692299/
http://www.hobsonrealtors.com/details.aspx?mls=9979246
Burnblaze
Burnblaze

@Spazyfool
i mean look at that view
and no niggers in sight

SniperWish
SniperWish

maybe theres a gold mine in the backyard

Need_TLC
Need_TLC

@Spazyfool
Pahrump is the shit.
It's balmy, and the bitches there go crazy for meth (or stuff that looks like meth ;))

kizzmybutt
kizzmybutt

@Spazyfool
Will real estate prices ever drop?
yes, when the jews unload on a bunch of good goyim like last time.

Raving_Cute
Raving_Cute

@Spazyfool
Will real estate prices ever drop?
Yes, I give it 5 to 7 years maximum, current prices are not sustainable, market is overbought. I'd wait until 2021 to start considering another real estate investment in the US.

whereismyname
whereismyname

@kizzmybutt
when the jews unload on a bunch of good goyim like last time
World War 2?
Wait, that was the other way around

massdebater
massdebater

@Spazyfool
If that trailer is on a few acres of land, I don't see how $45,000 is too much, m8.

SniperWish
SniperWish

@whereismyname
Sure it was. :^)

TurtleCat
TurtleCat

@SniperWish
/pol/ pls leave

New_Cliche
New_Cliche

@massdebater
If that trailer is on a few acres of land, I don't see how $45,000 is too much, m8.
Its 1 acre and those go for about $15,000 which still seems high for a place that has nothing. 40 year old trailers are never going to increase in value.

Soft_member
Soft_member

@Need_TLC
@massdebater
This and this. Also, considering its proximity to Vegas it serves as a cheap residence for people who work there. Nevada real estate used to be dirt cheap but has gone up a bit in the last 5 years.

Because this thread is boring though, lets turn it it into a firework thread. Pahrump has about 10 competing firework stores within a 5 mile radius and happens to be the best source to commericially buy fireworks for the whole US. Every year, about a month before the 4th of July, a buddy and I drive from Southern California (where aerial fireworks are illegal) to Pahrump where we buy about 2-3 grand worth of fireworks and drive them back over the border to sell for about 15 grand street value.

Anyone else do this? The risk/reward ratio is worth it to me because if I get caught the worst that can happen is they confiscate the fireworks and give a $1000 fine. We sell them in cities like West Covina and Rosemead because the police over there allow fireworks a little more than other cities. On the 4th, every other house in these cities blows off aerial fireworks (most from Mexico) so the market is huge. We have had cops drive by while we are lighting them on multiple occasions. This year we have made almost $20k profit in 2 weeks.

actually contributing useful, in depth information on how to make money on Veeky Forums
This is how its done, gentlemen. Lets make Veeky Forums great again.

Evilember
Evilember

@Soft_member

Holy shit. Quality post. Thanks man. I live NY which is similar to CA in fireworks laws. Couple questions. How exactly do you advertise? Why do you go a month before?

AwesomeTucker
AwesomeTucker

@New_Cliche
Then that area of Nevada might be experiencing an increase in demand.

Property in my area (Southwestern Ohio) is pretty well-valued and rising healthily.

@Raving_Cute
I'm not sure you understand how bubbles work. They're predicated on prices growing at a rate much faster than by normal economic influences like demand. This is true for places like Toronto right now, but as a whole the market is growing at a rate that is predicated on increased demand. It won't increase at this rate forever. It will level off and then we'll be back to normal. I mean, a bubble isn't out of the question, but by no means is it some sort of known like you think it is.

Sir_Gallonhead
Sir_Gallonhead

inb4 b-but it's Vancouver

King_Martha
King_Martha

@Evilember
No worries, just wanted to contribute something meaningful in this sea of shitposting and memecoins.

How exactly do you advertise?
100% word of mouth. I have seen people put Craigslist ads but that seems like a good way to get caught to me. There really is no shortage of buyers here. Some years we have even stopped at a gas station and opened the trunk. Driving buy people lighting fireworks at night is a good way to sell them because people randomly light off fireworks weeks before as a way to signal their neighborhood "we came to play". It has became a competition to who has the most/best fireworks and ours are almost always better quality than the ones they get from Mexico.

Why do you go a month before?
Just to be safer. I have heard of checkpoints set up before but I have personally never seen them and I have been doing it 10 years. I usually drive down through Vegas to blend in with the normal vacation goers. I figure they wont set up checkpoints anywhere near Vegas because it interferes with Casino business and normal summer traffic is bad enough. Honestly I think the rumor of checkpoints is mostly a bluff to deter people from doing what I do. Every year I do get a little nervous driving through the Agriculture checkpoint near the border of CA/NV though. Still.

Spamalot
Spamalot

@Spazyfool
Maybe it comes with a bunch of land

girlDog
girlDog

@Sir_Gallonhead
inb4ing valid points

The housing market isn't fucking monolithic.Some areas can have huge bubbles and others be completely fine.

Fuzzy_Logic
Fuzzy_Logic

@Soft_member
The risk/reward ratio is worth it to me because if I get caught the worst that can happen is they confiscate the fireworks and give a $1000 fine. We sell them in cities like West Covina and Rosemead because the police over there allow fireworks
So you are the reason Baldwin Park has so many god damn mortars.

viagrandad
viagrandad

@girlDog
This.

For comparison, I'll take two $1,000,000 homes. One in Vancouver, and one where I live.

Vancouver
http://www.homes.com/property/160-w-14th-avenue-vancouver-bc-v5y-1w9/id-275692299/

3 bed, 2 bath, 1,324 sq ft.

Anonville
http://www.hobsonrealtors.com/details.aspx?mls=9979246

5 bed, 4.5 bath, 6,000 sq ft.

kizzmybutt
kizzmybutt

@Fuzzy_Logic
Yea Baldwin Park is another city that loves fireworks. You can make money just selling mortars alone. We usually get a couple cases of excaliburs which are pretty popular and sell them for at least 500% profit. They go really high and are really loud. My apologies if you hear them all hours of the nights the whole month before the fourth lol. People cant get enough of them.

My favorite has to be the fan cakes though. If you light them off at the same time as some big 9 shots like a half n half you can have a damn good finale.

PackManBrainlure
PackManBrainlure

@viagrandad
Anonville
County Tax: $7425
City Tax: $5777

What the fuck? Is this normal in the US?
Paying more than 1k/month to live in your own home?

Garbage Can Lid
Garbage Can Lid

@Soft_member
Really not bad. You have a good mindset for business and investing.

Skullbone
Skullbone

@Spazyfool
tfw my 1k ft2 apartment is 466k euros

get on my bubble level

MPmaster
MPmaster

@PackManBrainlure
It's based on the what the county values your home worth, but yes, property gets taxed. Some, myself included, argue that it's unconstitutional but nobody seems to care.

Gigastrength
Gigastrength

@PackManBrainlure

It varies from town to town. My city has an average property tax of $4k/yr. Nicer towns generally have higher relative rates.

My issue isn't property tax so much, because it pays for police, fire, schools, roads. I have more of a problem with shit like vehicle registration, where you have to notify the state that you own a car, and pay to have it "inspected" to verify that it is road-worthy.

CouchChiller
CouchChiller

@Spazyfool
that shit will be 100 000 dollars in texas.

SniperGod
SniperGod

@MPmaster
@Gigastrength
Im from Germany
We got a property tax here but it not even close to those numbers and depends on the size of the property
So the cheap houses i see on craigslist somewhere in texas arent that cheap ...

inspected cars:
we got TÜV here ... sucks major ass
all the cars which dont pass it go to eastern europe or africa to run another 200k miles

Carnalpleasure
Carnalpleasure

@Soft_member
No one buys fire works any more faggot

BlogWobbles
BlogWobbles

@SniperGod

So it's based on the physical size of the lot or the structure? Here it goes by the town's appraisal of your property value. Worst part is that you can't use your own appraiser. Fucking Communists.

I would much prefer a more consumption-based approach, like higher taxes on gasoline, food, clothing, and the like.

Ignoramus
Ignoramus

@BlogWobbles
I just looked it up ... I was wrong i was talking about another tax ...

Its based on the value 0.0026 for the first 38k€ and 0.0035 for the rest of its value
The "value" is usally lower than the real value of the property.

there are a lot of special rules depending on state etc...

King_Martha
King_Martha

@Ignoramus

Interesting. That's still like 20% of what we pay. Fucking Europe does everything better. I'm truly tired of being in America.

Methshot
Methshot

@King_Martha
except salaries and tax on income

Math major , entry salary 42k pa (3500 per month)
2,1k after tax per month
10k before tax (the top 1% of germany) -> 5,3 after tax

CouchChiller
CouchChiller

@King_Martha
The grass always looks greener on the other side...
As a German interested in America:
Stay where the fuck you are.
If you dislike "communist" activity in America, you will hate it here.
The state regulates so much, you can't even imagine.
For example:
You want to built a house? Your roof has to be red, the walls white, it can only bo so and so big etc.
Yes we have some social security, but you pay for it. 19% sales tax, Gas heavily taxed, Guns heavily regulated, Self-defense not encouraged and really limited. Social health insurance services become shittier every year etc.

TechHater
TechHater

@King_Martha
Europe does everything better
You're not fooling anyone, Belgium.

GoogleCat
GoogleCat

@TurtleCat
The Rot Childs funded both sides of the war

Nojokur
Nojokur

@Spazyfool

Cause inflation.
Given how much new money the jew reserve is cucking out each day, 45k is a steal.

Booteefool
Booteefool

@Soft_member

this asshole is driving my dogs crazy every year in koreatown

DeathDog
DeathDog

@Spazyfool
Pic broken, clicked on thumbnails to change views but I can only see the default view

FAIL

FastChef
FastChef

@Carnalpleasure
Lol where do you live where people dont buy fireworks?

@Booteefool
Actually in koreatown I think they get most of their fireworks from Chinatown. The chinese manufacture most of the fireworks in the world. I would buy my fireworks from china but its nearly impossible to get them through customs since they are explosives. You need to have certain commercial licenses and permits as well as pay a fuckton for shipping. They have to store it in special containers just in case they combust and the trucks have to have a thicker semi-trailers so that projectiles cant penetrate out of them. All commercial grade fireworks have to be run through the ATF. Its a compicated and expensive process. I think the chinese try to get away with sending smaller unlicensed fireworks in special packaging to fool bomb sniffers but you take a lot of risk trying to buy it them. The best way for them to get away with it is by sending it by sea instead of air. I know someone who manages the shipping docks at long beach and you would be surpised how many shipping containers are not inspected.

With that being said, poor doggy. My dog has pretty sensitive hearing too. I can imagine dogs probably hate this time of year.

farquit
farquit

@Booteefool
Y u no eat ure dogs alreddy? woof woof

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