Posted on 07/13/2025 7:33:59 AM PDT by CondoleezzaProtege
Here’s the problem:
Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here’s what that means for rental prices
https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html
“”The housing crisis is just a symptom of the disease.””
Very true. The disease is the state of the overall economy due to the leftist Democrats’ ssdd destruction of such. It’s how they roll every single time they’re in power. And as usual, it takes more time to repair and recover the economy than it did for them to destroy it. This is the reality we’re living in. People that are demanding an “immediate” fix to what took years for them to destroy are either delusional, ignorant of how things work, or part of the leftist cabal. Or come to think of it... maybe all three.
And what is Fed.gov supposed to do about it?
What did people think “Build Back Better” really meant?
Gen Z is just waiting for their single mom to croak. The they inherit the house and move upstairs.
EC
I would have to say that mortgage payments involving that much personal sacrifice are worth it if the buyer has any hope of accumulating equity within a meaningful time frame. The standard amortized mortgage penalizes the buyers who, when they are young, tend to sell and move on to a new job or location within 6 years or so. Under current loan practices, it takes many years to build enough wealth to actually afford a new home.
“”What did people think “Build Back Better” really meant?””
Stupid people probably thought it meant some kind of improvement to the economy. Psych! lol
They need to park money in such assets because the dollar continues to be inflated with no end in sight.
It also helps that they can borrow against those homes, unlike other assets.
I don’t believe the next generation WANTS to own homes. From what I can see, they don’t care. They want the most spiffy devices and gizmos and don’t want any responsibility beyond that.
Trouble is, homes WILL be bought — by other people and entities who have America’s destruction as their goal.
Many don’t want cars neither.
No, it’s not a fable. If they did have high credit scores and could pay the loans, where did the defaults come from? The loans were resold as high grade paper when the banks knew they were not. There was no “tricking” the banks. They knew full-well what they were doing. Pressure to loan to “marginal” buyers was pushed by Congress (e.g., the threat of Red Lining their loans) and even more so when Obama took office in 2009. The collapse falls squarely on the lenders, especially the S&L’s who played in that game of craps.
I did talk to the gal who did the valuation. Got it reduced a little but they have tables they have to follow and a small 1-bedroom house right across the highway from my 6-bedroom home sold for close to $200,000 IIRC. It’s the inflation of property prices that is eating us alive, and I think a lot of that has to do with the illegals taking up the housing.
I’m thankful not to be in an urban area, although in some ways I think urban folks are more free than I am here. The people who enforce the “nuisance property” laws here are absolutely anal, so I’m having the costs of home ownership but basically having the freedom of a renter since they can demand that I change anything according to their mere whims. If the police chief doesn’t like my marigolds he can call it “useless vegetation” and make me get rid of it, even if I think it’s pretty and it repels bugs. And it would not be out of character for him to do something like that.
You solve that by purging the 50 million-plus illegals here.
Let them rent cake?
Trump is the only President to deliver on his promises.
Eat it GOP Hack.🤡
Your Texas flooding narrative fell apart didn’t it.
Trump 👍🇺🇸
Other issue is young people aren’t getting married and don’t want to commit to a 30 year mortgage with their live in other.
Those are your priorities.
Sad Putz.
Trump 🇺🇸👍
All of my nieces and nephews own homes.
So do all of my neighbors.
“7 years later the house sold for 3 times what I paid for it.”
Wow! That is incredible. Yes they were good times indeed.
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