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<blockquote data-quote="KoennenTiger" data-source="post: 4257684" data-attributes="member: 73154"><p>Looks like here. Only without the mansions. </p><p></p><p>Family on my route living in what I think of as a ghetto area selling their 2 bed 1 bath house they paid $44k for fifteen years ago think they will get $380,000.</p><p></p><p>I could barely afford that. </p><p></p><p>Who is buying these houses and what do they actually create with their work?</p><p></p><p>Been six months they still live their. Guy took out a third mortgage to keep living large after retiring at 55 from the Google map car he drove for five years? After his career as a gas station clerk?</p><p></p><p>Then when my brother tells me about his PhD classes because he can't manage just student loans with only a masters. </p><p></p><p>My uncle thinks he's worth ten million because he owns four houses. The bank tells him each one is worth millions. He's been trying to sell them for half a decade. But he keeps getting money from them, retired, from reverse mortgages. Magic money from the bank, can they hide inflation forever? </p><p></p><p>I chat with my wife about this house of cards. I suppose we'll see where it ends</p></blockquote><p></p>
[QUOTE="KoennenTiger, post: 4257684, member: 73154"] Looks like here. Only without the mansions. Family on my route living in what I think of as a ghetto area selling their 2 bed 1 bath house they paid $44k for fifteen years ago think they will get $380,000. I could barely afford that. Who is buying these houses and what do they actually create with their work? Been six months they still live their. Guy took out a third mortgage to keep living large after retiring at 55 from the Google map car he drove for five years? After his career as a gas station clerk? Then when my brother tells me about his PhD classes because he can't manage just student loans with only a masters. My uncle thinks he's worth ten million because he owns four houses. The bank tells him each one is worth millions. He's been trying to sell them for half a decade. But he keeps getting money from them, retired, from reverse mortgages. Magic money from the bank, can they hide inflation forever? I chat with my wife about this house of cards. I suppose we'll see where it ends [/QUOTE]
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