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Posted on 08/24/2025 6:58:42 PM PDT by SeekAndFind
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Is there a market where you can “short” home values in Austin, Vegas and Denver?
Bernie Sanders: Gosh, I’m glad I bought all three of my mansions a long time ago. Grifting today can barely keep up.
Politics is a tough life now.
“My nephew became a CEO at age 23. He’s 25 now and owns 4 houses. So this article is wrong.”
“I bought my first house in 1980 and interest rates were 19%. It wasn’t easy, but I made it work. Young people today just need to pull up their boot straps.”
“If young people just stopped buying coffee at Starbucks, they could afford to buy a house.”
A lot of older people fail to grasp how much this country has been fundamentally changed.
Tell me about it. My rent is $1300/month. A $350k house (cheapest in my area) is $2500/month for mortgage with 20% down!
It’s conpletely financially unfeasible for me to buy a house at that rate!
Couldn’t agree more.
I agree. It depends where you buy. My daughter and her husband are looking to buy in Oklahoma and the houses are fairly cheap and rent is comparable to the mortgage payment.
But better in the long run as rents go up.
I read somewhere that it’s a wash between buying and renting. The trick is to put what you save by renting into a solid stock index fund. Unfortunately, most renters don’t do that.
As for me, I bought. When I sit on my back porch, I don’t want any idiots within earshot. But that’s just me.
For one thing, people need to lower their dreamy expectations and find a home they can afford, dream houses are for rich people.
We’ve seen the top in terms of housing prices, I think. My house in TN sold for $350K - 6 months ago, I’d have probably gotten $380-390K for it.
But it still sold reasonably fast. Very good agent there BTW - she was very candid in what was going on in the market. But you could see the price changes over that time frame on comparables.
I think that deleting a few million ILLEGALS will help things out a good deal because will free up some property for Americans, and take away the upward pressure on housing in general.
That’s nuts. Sad to hear that.
If you can only scrape up 5% down, you can't afford that house. And I realize that means that with the investment bankers buying up inventory, and refugees from California running up house prices, many folks can't afford to buy a decent house in this market.
Parents bought first home for $19,000 in 1964 in a “newer” suburb. Now it is “worth” $400,000. I guess it may be my age, but that seems high, as does most everything to me now.
When I was a 8 yar old kid, my step-father took me to job sites to save on babysitting costs.
I built a house for my daughter.
You know what the real cost problem is?
It is all politics.
Democrats cannot stand to have people independent
of their rule!
Material wise, a single family house is cheap, till all the
Political BS comes into play.
So you won’t stop reading,
I have two large houses, a large workshop, and acreage in Hawaii cheaper than a dumpy house in Sacramento costs!
I’m retired! I built most everything I have.
Despite living in a single party Democrat state.
Thank you Blackrock!!!!
But cheer up folks!
One of these days, in the not too distant future, when companies like Blackrock, Vanguard and other corporate behemoths (and the governments) own nearly all the homes and apartments, the rents will become just as prohibitively expensive as ownership.
Rents go up AND when you walk away from a rental property you’ve lived at for 10 years, you leave with some furniture and the clothes on your back. When you leave a house you’ve owned for ten years you leave with lots of cash in your pocket...
“You vill own nothing and you vill be happy”. We were told this, I don’t know what people expect. It’s not like Americans will sell their home below the maximum bidder to make sure it will end up in the hands of a young family.
The base price for a 1964 Ford Mustang was $2,368. The average rent was $115 per month. Going from $19,000 to $400,000 is mostly due to inflation.
probably cheaper to stay at a extended stay suite.
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