Posted on 07/13/2025 7:33:59 AM PDT by CondoleezzaProtege
It’s tough to buy a home when you have a Democrat partisan at the Fed holding interest rates higher than they should be based on (A) economic “experts” who are wrong more than right and, (B) a Fed chief whose interests lie in an equitable global economy and not a thriving US economy.
There are plenty of bargain priced homes in rural areas, but rather than live in their own home, they'd rather pay rent so that they can live close to Starbucks, in a vibrant multihued neighborhood of rainbow colors, strange smells, and odd noises.
I read somewhere there are over 400 PhD’s at the Fed, yes, there is no shortage of “experts.”
sounds complicated
First of all, we should ask if Gen Z really does face a “housing affordability problem?”
If so, what exactly are the causes?
And what is Fed.gov supposed to do about it? Fed.gov doesn’t build massive complexes of state-owned, cement apartment buildings like the Chinese Govt - at least not yet anyway. Maybe that’s coming
So does the GOP instead just create and fund more corrupt half-measures and spending to be filtered through left-woke city governments for “affordable housing,” just like everything done in the last 70 years?
“”There’s very low trust of institutions and the institutions have failed them,” Kirk told Fox News Digital.”
If you really want a home you will work hard, save money and buy one. I bought my first home when mortgage rates were 13%.
Yeah, the FedGov can step out of the way and cut taxes and red tape.
The less regulations and more money to the people will see a growing economy, the BEST way out of the current leftwing economic malaise.
Everyone should ask themselves, why they live where they live , and how they support themselves. How did they end up living where they live.
These rural areas have bargain priced homes, but many of those areas are economically depressed areas with limited job opportunities. Although that’s changing somewhat with the rise of remote work.
But it’s nothing new to see people in small towns , move to bigger cities for better opportunities Many people in small towns go away to college, and then never return to their hometowns. There’s nothing new about that.
Although I would agree, it seems very trivial to want to live in a place because they have a Starbucks, and reject more rural locations which do not have a Starbucks.
Getting Wall Street out of the home ownership business would be a good start.
Will the democommies be believed that they can fix this? They’ll say they can and never even make an attempt.
In 2028, Gavin Newsom’s “solution” is going to sound better - whether it actually works or not. Mamdani should be the warning. Fortunately, J.D. Vance gets it and has time to get credit for the two major fixes needed: deport as many illegals as possible and build new inventory despite the screams of NIMBYs.
Also places with “affordable” homes tend to be crime-ridden, and nobody wants to live there.
Due a lot to runaway inflation. Just paid $15 for two led floodlights.
Getting rid of 10s of millions of illegals should help lower prices since we would more supply and less demand
Individual states could limit the amount of single family homes investors could buy I guess.
“If we don’t fix the homeownership problem in this country, the cost-of-living crisis, and if we don’t give the next generation [a chance] at being owners and not renters, we are going to see what I call ‘Mamdani-ism’ spread across the country,” he predicted.”
Idiot. Bush Jr. tried to do EXACTLY what he’s talking about (remember “Ownership Society”). Instead he gave us 2008 and smooth path for Obama to take the White House.
Ok gramps. You have no idea how completely tone deaf that sounds. Your first home was probably $29 right.
I’m a huge fan of Kirk, but I don’t know his plan for solving the housing crisis. Whatever his plan, I hope it’s not a lending system based on equality goals like it was back in 2008. Lending to unqualified borrowers looked good in the short run, but eventually saw the pyramid of unqualified loans crumble into a real estate crash that sent shock waves through the entire financial system. Learn from your mistakes, people, or be bound to repeat them.
Sounds like socialism to me. The free market will correct itself again.
This isn’t 1978, though.
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