My friend from the usa told me he can buy entire houses for about 40k and then rent them for 1-2k per month...

40K can make a down payment on a 200K house that you can then rent out for 1-2k per month in some areas, yes. Your rental income will pay most of the mortgage payment. Like all investments, there is risk involved. If you have to rent to niggers and they destroy your house in a way that insurance won't cover, you are still on the hook for that $160,000 loan without the asset that you were counting on to make payments.

He would be considered ghetto in the US but not in europe
t. European

who cares if you get shot by some nig?
remember there are 3 important things about real estate: location, location and location

watch the wire if you want to know what places you can get houses for 40k

t. poor European country*

Buy land AJ cos god ain't makin' any more of it

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No, I can see actually decent houses worth 40-50, that would be worth 300k even in shitty thirld world european countries like France.

I'm renting it out, not living in it.

Have you seen the average US house? Literally made of wood and not built to last past a couple of generations. My house is literally older than the US.

Who gives a shit? I just care about being able to make 2k monthly passive income, off of 50k investment. Who cares if the house is made out of paper as long as there are people stupid enough to pay rent.

Can anybody explain this?

I was talking about why they are so cheap. Because they are shit. Not about their rental value. Genuine question, how can people afford that much rent but not afford a mortgage on said property in the US?

My friend says it is just because americans are really really dumb.

He used to own a pawn shop and he said he couldn't believe how unbelievably dumb and clueless some of the people that went there were.

This was in Cleveland by the way.

noone is paying 2k to rent a crack house worth 40k

People here say they pay that much all the time

Cleveland or East Cleveland? VERY important, especially if it borders East Cleveland. One of the top ~5 most dangerous neighborhoods in USA YoY.

t. Grew up relatively close.

bc yanks make their houses out of cardboard

Being a pawn shop owner in cleveland will obviously attract the dumbest mother fuckers anywhere has to offer. Basing your entire opinion of Americans on that interaction is the most retarded shit i've ever heard hahaha

Hard to save when rent takes up most of your wages.

In Los Angeles you can rent out a 3 bedroom for $3,200

>even in shitty thirld world european countries like France.
Hahahahahahaha BAGUETTES BTFO

You can buy a house for 40k in the middle of nowhere. You can then rent them for $500/month (in the middle of nowhere.)

200,000 for any place where you can see $2000/mo for that house.

>Pawn shop
Yes, this will attract 90% retards pawning shit they stole, user.

Can't you get a mortgage?

He's lying like shit. Any house you buy for 40k isn't going to have tenants that can afford one to two thousand dollar rent.

Yea for nice townhouses or condos. If your rent is 2k, the home itself is probably worth 400k or more. Nobody would live in a $40,000 house and pay 2 grand for the privilege unless they were extremely gullible.

I know not all americans are dumb, there are alot of based high iq burgers on this board, but explain why houses are so cheap compared to renting?

If I had to guess, it's because europeans house there low iq population in government owned buildings (communist blocks), where as in america there is much less government provided housing so it leaves more money making opportunities for real estates owners.

Does that make sense?

Yeah no shit. But in LA there’s no way you can buy a house for 40K

They aren't. Houses in the middle of nowhere are cheap, and they're cheap/sq foot, but there are no houses for 600/mo that also are not destroyed.

>how can people afford that much rent but not afford a mortgage on said property in the US?

Because getting a mortgage requires good credit and a stable job. It's also a much bigger commitment, and with the way relationships are these days, people are afraid to commit.

Kek, you're already on your way to becoming a real landlord.

t. moving out of ghetto retarded property that's overpriced into a cheaper and 40% nicer apartment.

This is Pennsylvania. Home to Pittsburgh and Philadelphia. You can find 40k houses here!

Where? See that dark green shit?

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Houses aren't cheap you dumbass. You're looking at ghettos and barren midwestern wastelands for cheap property and applying it to everywhere in the country. In the US if you find cheap property, it's cheap for a reason. The reason is usually that there are tons of niggers and no decent jobs within a 100 mile radius.

Hmmm
>USA
>owning a home which you can easily modify and make expansions on and can be made from anything from wood to stone/brick
vs
>Europe
>living in a government subsidized concrete soviet-style block shit-house which you have zero freedom to renovate and live in barely getting by thinking you're "making it" while going to university part time for a useless degree with you'll never use

Gee, hard choice.

Yeah, that dark green. That's were the 40k houses are. Let's drop into random streets.

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This will be funny

CAN YOU FEEL IT? THE BANJO?

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The last time anyone even visited this shithole was 2008

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Do they have internet there? What kind of crypto do you think they hold?

Those are actually some pretty nice looking houses, I wish my country had cheap houses in the middle of nowhere.

That image was taken sept 2008.

They might have internet.

"Why don't you just move into a house in nowhere lmao"

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What is life like in these small american villages?

actually it's common in the midwest near their few economic centers or in college towns. Maybe not quite as such extremes as that, but you can buy an 80k house, and then rent it for 1800.
look in illinois or tennessee.

Its possible in the USA. Essentially you need to buy cheap crack houses under 20K, get them to building code (might cost 10-20K), and then rent out to Section 8 through your local housing authority which will pay $800-1600+ per month depending on the area.

Boring as shit if you don't enjoy fishing, hunting, and knowing the same 50 people until you die. Most of them probably don't have even jobs.

try to look up the movie gummo.
or what's eating gilbert grape.

Exactly. I don't know why everyone on Yas Forums doesn't want to admit there are really good opportunities in real estate in the u.s.

I've heard of many people doing this on youtube and twitter but was never sure if they were larping or not,

That seems based. Living in a nice little american college from the hard work of university rent cucks.

Why isn't this talked about more on Yas Forums?

You csn but only in the Midwest. Or the ghetto but no one wants to live in the ghetto.

you fucking retard, why not ? are people paying this much around this area ? if the answer is yes than you can throw your analysis out the window

The problem is that nowhere in america is way different from nowhere in Europe. Nowhere in America can look nice but people might still have wells and no faucets.

Boring. You have to drive 2 hours to work and 2 hours back. There's 500 mechanics in every small town and only 2 ever call you back. There's a population of 1000 in your little borough and some of the roads have potholes in them.

You'll get lost all the time because half of the places haven't been mapped out and the internet is

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Europe is a big place my friend. Every country is completely different.

Because that shit isn't EVERYWHERE. The guy literally just said it happens in midwestern college towns. I live in Maryland, I'm not moving 1500 miles just to go be a landlord in a place with no jobs. And jacking up rent on broke college kids is the one of the most classic forms exploitation there is.

Just because there are some real estate opportunities in the country doesn't mean the opportunities are equally accessible to everyone. A $40,000 dollar house in my city would be a fucking trailer.

I've been to every european country and there all pretty similar in terms of economic opportunity and lifestyle.

So many normalfags on biz anymore. Living in the middle of nowhere is so comfy.

>some of the roads have potholes in them.
I meant "Some of the roads don't have potholes"

I'm just picking random roads in that green. Have you seen a fucking business yet, anons?

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>Generalizing the American housing market.

Rent to value ratios vary A FUCKLOAD in this country. Any city with favorable demographics are too expensive to buy and rent out. Some cities have $1 million homes that only rent for $2000 a month. The ghettos, rural places, and cities with population decline are the only places that have these cheap houses you are talking about.

Show me a $40,000 home with $2000/mo rent, and I'll show you a house with no tenants.

This is Yas Forums, you have faggots here posting about how they will move to colombia or phillipines once they make it.

Why not just move to american midwest.

work. i drove 1 hour to work and 1 hour back after a year i wanted to kill myself.

hell even 1200$ would be nice.

Let's play another round, user. This is kansas.

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THREE HUNDRED AND SIXTY DEGREES OF:

nothing

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