So money is essentially a reflection of the value of your labor right?
Do you really think the work you do for the 30 odd years it takes to fully pay off a house accurately reflects the work out into making that house? Or is the value of land and homes currently way too overvalued?
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You can't really own land you always pay "fees" and "rates" and such to the real owner.
No one said money is a reflection of your labor. That's a communist shill talking point used by worker drones. Money reflects your value more than your work.
I could build a house for significantly cheaper than it costs.
fucking do it then
The first 3 rules of real estate:
1. Location
2. Location
3. Location
So go buy the land and do it.
It's because of commies who want to make housing unattainable for the young so they will back communism and aid in further destroying the free market system. They feel like it's the only way to ever have some kind of a normal life. Also it's the boomers who were brainwashed by commies but are not actually commies themselves, just exceptionally greedy and selfish enough to bury their own children for more indulgences.
No, money is some made up make believe
It's the kikes charging interest for loans that drive the prices up
If you have a perfected land patent you can't lose your land
I think you have a good point OP but your logic is also flawed, because you bought plenty of other things in those 30 years too.
It's because our money supply is based on Banks making loans. Most loans go to buying property ( mortgages ) and/or have property as a collateral, so you get huge inflation in property prices.
The value of a good is determined by supply and demand, not by the cost of production.
If houses are selling at the prices they are, they are by definition not overpriced.
Fuck commies
Fuck boomers
Yeah, and fuck banker parasites too
>This article explains how the majority of money in the modern economy is created by commercial banks making loans.
Nice free market duuude.
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I built my house from locally sourced stones, with my friends over the course of 11 months, in our free time (weekends and holidays). Was a very pleasurable experience.
>So money is essentially a reflection of the value of your labor right?
No.
Money is how much debt you owe the fed of your nation or some other nations fed.
Money = IOU and has nothing to do with labor.
>play lottery
>by offchance win millions
Wow so much work done.
No.
But the money may be weak
value is just market of buyers and sellers
market doesn't have enough houses and people bid up
you are confusing value with price. Many apartments/houses are not worth their price in most countries.
You also pay those fees when youre renting. Owning is the cheapest form of living
>market doesn't have enough houses and people bid up
objectively wrong
supply and demand forms prices.
low supply of real estate, high demand = jacked up prices.
Right side of image attached is our goy slave money, created entirely by Private Banks making loans. Left side ( Reserves ) is Central Bank Money that Banks borrow from the Federal Reserve and represents a fraction ( old Reserve ratio was 10% now its 0% ) of all Bank Money ( Right side ). If a Bank thinks it can make money on you, it will give you a loan. This creates new Bank Money ( Right Side ), then if the Bank needs Reserves ( left side ) it can obtain them post-facto from other Banks or the FED.
It's because none of that crap. We have plenty of houses. There is no crisis. Housing is actually not expensive, whatsoever. The problem is that Jew companies in big cities out competed everyone else and now the good paying jobs are only in dense areas, which drives costs up for city fags.
In rural areas, houses are much cheaper but there aren't any exciting jobs, so nobody lives there.
The expensive housing problem is just because people are too pussy to move to rural areas and start their own lives without big business babysitting and providing for them. It's our citizen's fault for being so retarded that they buy houses in inflated areas.
Money is just a measure of wealth, it isn't wealth.
We are told that Bank Money ( Right side ) is equivalent to Cash. In reality Banks only need a small amount of Cash to cover ATM withdrawals, the rest is created and destroyed by bank lending practices. ( Created with a new loan, destroyed when debt is paid, interest is Bank profit ).
This. If you got a loan for $200,000 and they just charged you a little more than the rate of inflation to make a small profit it wouldn't be as big a deal.
Especially considering they operate with essentially zero risk and will get bailed out by shabbos goy government if they fuck their shit up by making their money machine run even more aggressively.
I just wish communists would shut the fuck up about old white christian men being these mysterious usurers, or they would just call them 'Capitalists.' It's fucking Jews you retards.
Should only take 7y to pay off your house
Even rural housing is overpriced compared to rural salaries. Also none of what you said ( which is mostly accurate ) negated my statement.
Not quite. Thats what they tell you but money is money nipfriend
>Money reflects value more than work
Exactly. CCP should rule the world if printer go brr
You never own your house because of property taxes. You still owe rent to the King.