Posted on 07/13/2025 7:33:59 AM PDT by CondoleezzaProtege
"The biggest threat to the Republican Party in 2028 is if we do not deliver on our promises of [home]ownership for the next generation," Kirk told Fox News Digital in an interview at the Turning Point Student Action Summit in Tampa, Florida…
"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.
The influential conservative media personality said there was no doubt that younger voters were trending conservative, and he believes that the shift was largely driven by losses from the COVID-19 pandemic. Canceled milestones like prom, graduation, and in-person learning had a huge impact on this generation, he said.
"There's very low trust of institutions and the institutions have failed them," Kirk told Fox News Digital.
(Excerpt) Read more at foxnews.com ...
People should be expected to pay more to live in NYC. You shouldn't live there unless you can afford it.
Otherwise, move to Iowa, Nebraska or Oklahoma.
But it's kind of boring to live in those places. You're not going to be able to go to Broadway once you leave NYC.
Many of our ancestors passed through Ellis Island, they did not stay there due to overcrowding and cost.
That’s not inflation, that’s Greenie Leftists limiting the open market by banning more affordable lighting options.
Pretty much the only source of population gain in the US has been illegals.
With that influx made zero, as has already happened, and deportations underway, population gain is going to zero. That will take some time to move through the economy, but in general this will create an oversupply of housing.
No it was a few years after that when mortgage rates had come down from 17%. it took everything that I had saved for 4-5 years. It was a big deal for me back then.
Mortgage rates have been historically low for many years compared to the 70s-80s. I know many young people who have bought a home recently. It is attainable if one wants one bad enough and is willing to sacrifice.
When my husband and I bought our first home, our mortgage payment was 25% of our *net* pay.
Most young people are looking at mortgage payments that are 30% or more of their *gross* pay
Home prices, taxes, food, utilities, insurance...everything is a LOT more as a percentage of average pay than it was for Boomers and Gen X.
Another example is car insurance. Full coverage on a good used car cost me about $80 per month back in the day. The same policy for my kids is over $300 per month.
Meanwhile, salaries have not kept up with inflation.
Part of the problem is that many feel they have to have 2000+ sq. ft., 2-car garage, in an ideal location. Oh, and it has to have top of the the line everything (fixtures, appliances, etc.) in order for it to be livable.
The first home my wife and I purchased was a 3-bedroom on .75 acres in Danville, VA. We paid $98k for it. But that’s not what the younger generation wants. They want the immediate gratification. We’re now in our 8th home, but I still don’t believe in living beyond my means or buying a home just to impress someone.
The damage to our culture is moving quicker than traditional market forces.
I would dearly love to live in the country but acreages around here are way too expensive. Then again, I’m a widow nearing retirement age so I don’t have much hope for financial growth right now. I’ve got a fixer-upper house in a small town, doing my best to bring everything up to code and make it work for my kids and grandkids to have time together here. But I’m hoping the property taxes don’t force me out. When I bought the house I couldn’t get a loan to do some of the fixing up because the assessor said that no matter what improvements I made, because of its location on a busy highway the property would never be worth more than $100,000. My last valuation was $242,000.
“The biggest threat to the Republican Party in 2028 is if we do not deliver on our promises of [home]ownership for the next generation,”
How ungrateful! They are getting a war with Russia, war with Iran, Epstein finally swept under the rug, Palantir digitizing and organizing their entire digital existence, and Elon flipped the finger for suggesting the most qualified NASA Director ever, including Werner Von Braun.
And now they want to be able to buy a house? Sheesh... selfish pricks.
That was because of subprime lending though - giving loans to people who didn’t have jobs to support the size of loan they were given. Subprime lending was one of the planks of the Cloward-Piven Plan to turn America communist. As was the Motor Voter law. And the only thing Obama ever used his law degree for was those 2 planks of the Cloward-Piven Plan. He argued the case for the Motor Voter Law to be forced onto every state, and his regular job was to harass lenders into getting their quota of “minority” loans, which were mostly the subprime loans that the financial world laundered into regular loans that made the whole system go belly-up in 2008, followed by the bailouts and all the crap resulting from that including huge, crippling national debt that we spend over $1 trillion/year now just to pay the interest on it if I’m understanding correctly.
That is a totally different story than trying to build the economy so that inflation is down and wages are up so people can afford more, getting rid of millions of illegals who are using up all the available housing and driving up the costs, and keeping the interest rate high to stiff Trump.
The “smooth path for Obama to take the White House” was a plan put in place long before Bush Jr. The idea of home ownership is good; the Cloward-Piven idea of using corruption and DEI to bankrupt the country is not.
That’s nice. In 1980, a house cost around 3 times average annual income. Today it is abut 5 times. And productivity has grown 2.7 times as fast as compensation in the workplace.
It’s worse today.
Heresy! A free thinker! Seize him! /s lol
Yeah, I paid 13% too in 1980, but things were different back then:
1) A real nice little starter house back then was only $85K - I think my mortgage was only $60K!
2) The tuition for a decent non-Ivy league MBA program (Temple U) was dirt cheap back then, so with a side job I had zero student debt and enough saved for the down payment.
3) Back then, a solid entry level finance position at a fortune 200 paid $25k (which sounds low now, but I was actually able to build up some savings with that).
4) The high interest rates also meant you could earn that much on a CD if you had some savings.
5) 7 years later the house sold for 3 times what I paid for it.
Bottom line: interest rates were super high - but all in all - that was a great time to buy a house IMHO.
All the illegals getting home mortgages from BOA and other pinko lenders and running prices up has nothing to do with it. /s
That’s the fable. That the low credit score people tricked the bankers and got loans they couldn’t pay.
The reality is that the financial industry fraudulently sold high risk loans to investors as grade A paper. They knew it was fraud because they took out insurance polices against their own product.
Government had a role, but the bankers had a giant role as well.
You stumbled on what Kirk SHOULD have said - which is to simply DEPORT those here illegally (and those here legally who commit crimes).
Get rid of 30 million illegals - the housing market will be WIDE OPEN, and it won’t sound like he’s demanding subprime again. Additionally, all other areas that are presently being squeezed by Illegals, particularly health care, will also loosen up. (I would add education to the list, but the problems in education have nothing to do with illegals - it’s their unions)
“””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.””
With all due respect to Kirk... home ownership is NOT the biggest threat to Republicans OR that this nation faces right now. That being recovery of the decimated economy by the previous Democrat administration (as usual). With a thriving economy...ie plenty of jobs, higher wages, increased income, etc.... comes the ability to purchase homes.
Therefore, repairing the economy is THE main problem we face re: “home ownership”. Remember how the Democrats solved that “problem” by forcing banks to lend home loans to minorities that would never be able to repay those loans. Which further damaged the economy by melting down the mortgage loan industry. Let’s not go off the down that same “Jack@ss Lane” road.
Bottom line...”Mamdani-ism” (communism) will only spread if the economy is not improved under Trump, resulting in the Democrats winning their power back in 2028 (and control of Congress in 2026). Powell needs to be shown the proverbial door, and a non-partisan with a working brain cell put in that position, so that interest rates can start coming down again. That’s a first step.
Part of the problem is that many feel they have to have 2000+ sq. ft., 2-car garage, in an ideal location. Oh, and it has to have top of the the line everything (fixtures, appliances, etc.) in order for it to be livable.
That’s pretty much the only option you have, unless you want to live in a neighborhood where you have to worry about constantly getting robbed.
The housing crisis is just a symptom of the disease.
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