I WILL SAY here in Australia it's BADLY falling apart. And I think the future HONESTLY is factory made double wides. REALLY. The developers apparently are being DENIED money for new builds because of so many building companies going bankrupt, the work is LOUSY quality with literally 55% of new apartments in Sydney in the last 5 years NOT BEING up to standards and being passed ANYWAY by people PAID to inspect by the developers so they pass them TO APPEASE THE DEVELOPERS. I think we'll be back to GOVERNMENT ONLY inspectors. I know a guy and vaguely know his developer girlfriend who had a new footpath and concrete pad put on a new build and it was cracked THE SAME DAY as it was drying. They're proposing foreign buyers, rich indian and Chinese migrants to pay the 20% government "stamp duty" tax raised to maybe 40% but NOT local people who will get 0% to get them into houses over rich migrants. It is all a mess created by huge migration we NEVER NEEDED because we were wealthy WITHOUT IT. This migration has blown house and rent prices to just insane levels. Made me a millionaire ON PAPER but it's wrecking the country.
What Nick said about cleaning and painting and not doing more than that is exactly how the contractor just flipped the house across from mine for 100k profit, lol
$75k income is officially renter level in Dallas. $150k dual income is pay check to pay check if you want to live in a house. Coastal money moved into the DFW area 4 years ago. I’m surprised Nick is late to the news on that
Should be Chris Stupid instead of John Stupid…..”how many doctors and lawyers are in providence??” He says as if it couldn’t be more than a handful….my god
That's not quite true. Certain banks will look at that $20-50k land purchase as a down payment on a home construction loan, but there has to be a paper trail. No cash buy. And if you pay for utility connections or improvements (like fencing, a utility structure, etc.) before applying for the construction loan, that's even better.
Keep gambling on property while exchanging negligible tips and speculations. Never look at S&P500 vs property index charts. Stay in your lane. We're gonna make it bros
![ปฏิเสธไม่ไหว (Crush on you) - LIPTA feat. No One Else [Official MV]](http://i.ytimg.com/vi/NBw1jF342vw/mqdefault.jpg)
Nick is more reliable and knowledgeable than any economist lol
I WILL SAY here in Australia it's BADLY falling apart. And I think the future HONESTLY is factory made double wides. REALLY. The developers apparently are being DENIED money for new builds because of so many building companies going bankrupt, the work is LOUSY quality with literally 55% of new apartments in Sydney in the last 5 years NOT BEING up to standards and being passed ANYWAY by people PAID to inspect by the developers so they pass them TO APPEASE THE DEVELOPERS. I think we'll be back to GOVERNMENT ONLY inspectors. I know a guy and vaguely know his developer girlfriend who had a new footpath and concrete pad put on a new build and it was cracked THE SAME DAY as it was drying. They're proposing foreign buyers, rich indian and Chinese migrants to pay the 20% government "stamp duty" tax raised to maybe 40% but NOT local people who will get 0% to get them into houses over rich migrants. It is all a mess created by huge migration we NEVER NEEDED because we were wealthy WITHOUT IT. This migration has blown house and rent prices to just insane levels. Made me a millionaire ON PAPER but it's wrecking the country.
That’s SUPER interesting THANKS for SHARING
Same with Canada. The more I hear about Australian politics the more I see it as just a very hot Canada
@@BigpapamoneymanMVPtypebeat amazing they even have the same surge of Ranjits
nick has his senses in the matter while economists only read excel sheets and dont leave the office
What Nick said about cleaning and painting and not doing more than that is exactly how the contractor just flipped the house across from mine for 100k profit, lol
I painted my place completely white. Covers a ton of mistakes. Totally worth the time.
Feel sorry for the guy who bought the money pit. Ooof. I'll be doing something similar soon
I just got a mortgage on 2.2 acres of raw steep land in va the land was 20k put down 25 percent
Congrats. Best of luck!
@@PutzingI'm suing nick for gangstalking me
@@benjaminziegler7437 i'm in if we can make it a class-action
$75k income is officially renter level in Dallas. $150k dual income is pay check to pay check if you want to live in a house. Coastal money moved into the DFW area 4 years ago. I’m surprised Nick is late to the news on that
Should be Chris Stupid instead of John Stupid…..”how many doctors and lawyers are in providence??” He says as if it couldn’t be more than a handful….my god
That's not quite true. Certain banks will look at that $20-50k land purchase as a down payment on a home construction loan, but there has to be a paper trail. No cash buy. And if you pay for utility connections or improvements (like fencing, a utility structure, etc.) before applying for the construction loan, that's even better.
Who else is here for the most solid real estate advice on the market? Papa Nick continuing to bless us with this wise memetic wisdom! Shadilay!
Keep gambling on property while exchanging negligible tips and speculations. Never look at S&P500 vs property index charts. Stay in your lane. We're gonna make it bros
thank god there's chris lych
san antonio! texas! texas barbecue! something you can sink your teeth into!
THATS RAW CHICKEN