Thats all part of the plan. Crash the property values, mass exodus of any remaining whites, Democrats pack the place with Somolis and other muslims to make it a stronghold.
Uhaul has a good business model, when everything is running smoothly.
When all of their assets are leaving the state and assets from other states aren't coming in to replace them... they're going to get fucked in Minneapolis.
Actually think it is smart. All the valuable assets move to areas less prone for damage. Let the lease owner of the building/land take care of that part, you keep the vehicles and continue to make money
Sounds like Detroit. All those houses sitting there empty where you literally just had to pay the taxes on them to take possession. Nobody wanted them.
If you don't have a mortgage you don't need much insurance on them. Liability is enough. Just bulldoze them into the ground. His GGG Grandchildren won't want those houses anyway. It's the property value in 5 generations that will have value.
Shorting a real estate market can be done by purchasing some sort of financial instrument that acts as insurance that pays out in the event that the property value tanks. The people left holding the bag (still owning Minneapolis property once the market crashes) will be interested in buying your insurance. This is exactly what Michael Burry - played by Christian Bale - did in the movie The Big Short. He was specifically targeting the mortgage companies who were left holding the bag when the home owners couldn't pay. Unfortunately, these instruments aren't common, so therefore you probably can't just invest like $10k and see what happens. You may need to risk millions in order to make such a short.
This isnt accurate. This shows the entire twin cities metro area not just city of minneapolis. But yes I assume many will flee once prices start to tank
It's not ambiguous. It's ALL houses for sale in the greater Minneapolis area (my drawn circle) in the last 7 days on Zillow. No other factors. You can look it up as well and you'll see the same results. Have an upvote!
When I click your link it says 8,000 results... you can take it from there and say whatever you want. But you should check your data because it says “showing 75 listings of 8,000 results.”
You do know this proves nothing right? Houses don't sell the day after they go on the market. It takes months or even years to sell a house as a rule.
We sold our condo is less than a week. A woman bought it for her daughters, coming to the city for school. NO inspection - paid Cash.
Our current house went on the market at 4pm, my wife saw it.. we went for a viewing at 8:30pm.. put in our offer which had to be decided by Midnight. We got the house for 10k over asking. There were 10+ couples wanting to see the house the next day. We had already been out bid on a few houses we wanted..
We bought for 395k and in less than a year our neighbors are selling for 450k. There is a huge housing shortage in my area, talks about upping density and extending city limits to deal with it. People are paying 2-3000$/mth in RENT for places.
we're in a good position, our mortgage is 600$ (so 300$ each for my wife + me).. very reasonable even if interest rates jump - but it's known that many people are living beyond their means and would be screwed if interest rates go up at all.
In a hot market, houses DO NOT take a year or months to sell.
But it is also known that AT SOME POINT you won't be able to sell your million dollar home because 1) nobody wants it 2) nobody can afford it. You'll be paying your 2000$/mth mortgage on a house worth 1/2 what you paid for it. Selling now is a great idea, get some value while you still can.
I'm just outside of DC. On my street houses sell via word of mouth more than through a real estate agent. If they go through an agent they almost always sell the first week and often for more than asking.
Yeah - convincing someone to sell you their house is often far more profitable (for the buyer) than competing against other buyers for the same property.
It's not illegal, but it can be pretty lucrative and when it comes to politicians they do this sort of shit all the time. They'll find out certain property is going to skyrocket in value because of a development or something and they'll advise their friends/family to buy real estate knowing they can flip it in a year or two for 2x buying price (or more)..
Watched some Mark Walberg movie yesterday with Russel Crowe as mayor of NY and it was sort of a similar thing (except totally different)
2018, average house price in Minneapolis: $450,045
2028, average house price in Minneapolis: 7,239,601.18 Somali Shillings
Holy shit. Is that expensive to live there? It didn’t look like much before all of this shit. 😱
Its a liberal city, of course its expensive.
Yep, the Twin Cities are an expensive area. A lot of contemporary millenial yuppies. If you live in a nice neighborhood, it's pricey.
Of course, we'll see how long that lasts.
goat or your youngest daughter
Thats all part of the plan. Crash the property values, mass exodus of any remaining whites, Democrats pack the place with Somolis and other muslims to make it a stronghold.
lmao look at this guy thinking they'll be sophisticated enough to use a centralized currency.
It'll be three goats, half of next year's harvest, and the virginity of your 6 year old daughter.
Cue accusations of white flight. “How dare you look after your own interests when you think a local economy is going to tank?”
Keep an eye on UHaul rental costs to leave Minneapolis.
Uhaul has a good business model, when everything is running smoothly.
When all of their assets are leaving the state and assets from other states aren't coming in to replace them... they're going to get fucked in Minneapolis.
Actually think it is smart. All the valuable assets move to areas less prone for damage. Let the lease owner of the building/land take care of that part, you keep the vehicles and continue to make money
Good point. UHaul needs to get their trucks out of democrat areas, people feeling democrat areas are gonna pay them to drive their trucks away.
Ugh everyone is waxing poetically about moving to my state and it was already BAD in the cities.
These people come here with their Malibu/Austin money and proceed to price out working stiffs like me.
Now we are at less than one percent of available rental units and the great migration has begun.
I’ve actually begun planning for what I think is gonna happen, I think it’s gonna be bad for desirable red states.
Uhaul should probably get ahead of it and offer people contracts to move assets back to the area.
“White supremacists leave to get away from empowered and unafraid African Americans.” -CNN
They just voted to eliminate the police dept....
Your tenant: "Hello, 911? Someone's breaking into my apartment!"
911 operator: "I'm sending my thoughts and prayers!"
I wouldn't move there even if it was free.
Sounds like Detroit. All those houses sitting there empty where you literally just had to pay the taxes on them to take possession. Nobody wanted them.
Bet your sweet arse they’re angling for Detroit 2.0 in Minnisomalia
I live here, I'm moving right after I vote in November. Maybe earlier.
Plymouth for me. I figure that living out here in the burbs should buy me enough time to figure out a move to somewhere like Texas
I'd feel more comfortable owning property in Somalia.
Plus, no Viking fans.
Vikings? too white. Probably change to Pirates. Oh and Minneapolis will change to Mogadishu.
The New Mogadish Freedom fighters! I always found it funny they would call their team the ViQUEENS!
And no ATF or NFA
But you repeat yourself...
Yeah, it’s empty now.
I may buy like 6 or 7 when it hits "play money" levels... Gotta think my about my Great Great Great Grandchildren.
They're gonna be like... damn, GGG Grandpa was a freaking genius.
You might have a problem getting insurance with the increase in mortars and ied's planted by the sharia patrol
If you don't have a mortgage you don't need much insurance on them. Liability is enough. Just bulldoze them into the ground. His GGG Grandchildren won't want those houses anyway. It's the property value in 5 generations that will have value.
Can you short a specific real estate market?
Shorting a real estate market can be done by purchasing some sort of financial instrument that acts as insurance that pays out in the event that the property value tanks. The people left holding the bag (still owning Minneapolis property once the market crashes) will be interested in buying your insurance. This is exactly what Michael Burry - played by Christian Bale - did in the movie The Big Short. He was specifically targeting the mortgage companies who were left holding the bag when the home owners couldn't pay. Unfortunately, these instruments aren't common, so therefore you probably can't just invest like $10k and see what happens. You may need to risk millions in order to make such a short.
Remember when oil prices tanked to negative in April? The Mexican state oil company didn't get fucked up because every year they pay for a form of insurance to protect them for that very instance. Similar situation. https://www.reuters.com/article/mexico-hedge-oil/mexico-will-receive-6-billion-from-oil-hedge-president-idUSL2N2CA1M7
Great response.
This guy invests
Credit default swaps, you would have to be large group to access em
John Paulson would be the man to ask. He's the guy who raked in billions of profit in the 07 crash betting housing would take a shit.
Major price cuts incoming and lowball offers
Property value probably dropped significantly
This isn’t Minneapolis. It’s about 30 suburbs across 4 counties as well as Minneapolis
What was it 3 weeks ago? Take more snapshots over time. One out of the blue doesn't show much.
Is this that joggerification I hear neighborhoods sometimes go through?
Please keep track of this and let us know how much it goes down.
We need a graph vs time!
Liberals need a catch and return program
I'm so glad I didn't buy a house here.
“The Redfin Chronicles”
Someone earlier stole this joke.
"This is a better market opportunity than buying Zimbabwe dollars!"
What was that? Kenyan maybe? I bought 10 trillion dollars from Amazon.
This is the city that just voted to defund/disband their police force..... i'd sell whatever i owned there before it all burns down.
What I hate the absolute most about all this shit in Minnesota is how close a group of low I.Q. violent Somali Muslims is to our Northern border.
I worry 0bamuslim did it deliberately to establish a breach through which to smuggle pedophle-worshipping goat-fucking terrorists.
Who are the 367 moving in?
This isnt accurate. This shows the entire twin cities metro area not just city of minneapolis. But yes I assume many will flee once prices start to tank
It's not ambiguous. It's ALL houses for sale in the greater Minneapolis area (my drawn circle) in the last 7 days on Zillow. No other factors. You can look it up as well and you'll see the same results. Have an upvote!
Just fyi: every person I know who put their house on the market in this area has sold it the next day.
Just sold mine in less than 48 hours for $42k over asking. Had to do $10k in repairs to make everybody happy but I'm not complaining
He even circled in red where it says “days on Zillow 7 days.” In your own link it shows 8,000 listings.... so I’m not sure what you’re arguing.
When I click your link it says 8,000 results... you can take it from there and say whatever you want. But you should check your data because it says “showing 75 listings of 8,000 results.”
We sold our condo is less than a week. A woman bought it for her daughters, coming to the city for school. NO inspection - paid Cash.
Our current house went on the market at 4pm, my wife saw it.. we went for a viewing at 8:30pm.. put in our offer which had to be decided by Midnight. We got the house for 10k over asking. There were 10+ couples wanting to see the house the next day. We had already been out bid on a few houses we wanted..
We bought for 395k and in less than a year our neighbors are selling for 450k. There is a huge housing shortage in my area, talks about upping density and extending city limits to deal with it. People are paying 2-3000$/mth in RENT for places.
we're in a good position, our mortgage is 600$ (so 300$ each for my wife + me).. very reasonable even if interest rates jump - but it's known that many people are living beyond their means and would be screwed if interest rates go up at all.
In a hot market, houses DO NOT take a year or months to sell.
But it is also known that AT SOME POINT you won't be able to sell your million dollar home because 1) nobody wants it 2) nobody can afford it. You'll be paying your 2000$/mth mortgage on a house worth 1/2 what you paid for it. Selling now is a great idea, get some value while you still can.
I'm just outside of DC. On my street houses sell via word of mouth more than through a real estate agent. If they go through an agent they almost always sell the first week and often for more than asking.
Yeah - convincing someone to sell you their house is often far more profitable (for the buyer) than competing against other buyers for the same property.
It's not illegal, but it can be pretty lucrative and when it comes to politicians they do this sort of shit all the time. They'll find out certain property is going to skyrocket in value because of a development or something and they'll advise their friends/family to buy real estate knowing they can flip it in a year or two for 2x buying price (or more)..
Watched some Mark Walberg movie yesterday with Russel Crowe as mayor of NY and it was sort of a similar thing (except totally different)