Bttt
Democrat liars in the press and their fake pollsters and the commies who feed them will push every bit of drama they can to help democrats in the midterms.
Housing, starvation, forever 5 month wars, climate disaster, global warming, global cooling, peak oil, too much oil... whatever.
Next time a democrat is President they turn on a dime and say everything’s fine. It’s all a lie if it drops from a democrat’s mouth.
Moving far away to where houses are more affordable may, as this fellow says, be the move but there are all kinds of costs (familial, cultural etc) associated with that. People are from somewhere specific and for a lot of people that means a lot.
Also note: 1) he writes of “household income” which by necessity (taxes, asset inflation) has gone from a single income (1960) to fully dual income today. And 2) his definition of affordability is all about the monthly payment instead of the price. The mindset is all about credit (usury) which is the very system that drives asset prices through the roof and creates wage slaves.
Outright Ownership is. Commie U. S.
CLEAN OUT EVERY SINGLE PERSON HERE ILLEGALLY & SEE THE INSTANT DIFFERENCE.
We bought a house in 1978 for 12% interest due to Carter...
Under Carter the interest rose to 21%...
The house I have now was 8% in 1992 under Clinton..
Young people who seek out higher education should ask themselves if they are going to be able to work in most places in the USA.
Nurses can live and work in any place that has a hospital.
Electrical engineers can mainly work in Silicon Valley, DC, Boston, Austin and other high-priced places.
If the house would own you, you might not want to own it.
The high technology sector can change in a year’s time.
The financial sector can change in a year’s time.
Government can change in around a month.
“Second, insurance. Premiums jumped 24% from 2021 to 2024 to an average of $3,303”
The townhouse I bought in Reston, VA in 1982 and had to sell in 1991 had an insurance premium of $157/year.
I once paid ~$400/year for insurance for the Florida house I inherited from my mother.
That level of premium is Gone With the Wind.
“Greenville”
If that Greenville is in South Carolina, it is expensive.
Compared to 1980 — the worst part of the 4-year Carter disaster.
Housing is affordable in some places: Detroit, Little Somalia, Death Valley
Average $900,000 for a single story home with no basement on 1/4 acre lot with the backyard surrounded by a 6ft brick fence to help keep the dust down and the rattlesnakes out (really).
The prices have almost doubled in 10 years. Why? Is it Blackrock and Vanguard buying up neighborhoods and renting the homes?
Median Home Sales Prices
Southern California
Existing Single-Family Homes by County, 1990-2026
https://www.laalmanac.com/economy/ec37.php
What the analysts citing the average numbers don’t talk about enough is that you can buy a real dump of house and put in some sweat equity and be sitting real pretty.
If my job is here do they expect me to live two, three, or more states over there?
How much are they earning? If they're living with their parents they're more likely to be single and therefore have a single income.
And speaking of single incomes. The writer starts in 1980. Before that, you could buy a house on your dad's factory job paycheck. It didn't take two incomes to buy a house.
I’m a Realtor. I’ve owned a home for 35 years. I’m seriously considering selling and renting. I’m 68 and tired of the upkeep and repair bills.
Me: What is the average cost of a single family house in 1956 and in 2026 and what is the average rate of inflation?
AI: "Average Cost of a Single-Family House
1956: The average price of a new single-family home was approximately $11,700.
2026: As of May 2026, the average sales price for a new single-family home is estimated at $540,600, while the median price is $424,900.
Average Rate of Inflation:
Cumulative Impact: Over these 70 years, the cumulative inflation rate was about 1,124%.
Purchasing Power: This means that $1 in 1956 has the same purchasing power as roughly $12.24 in 2026."
Me: What was the average salary of an American worker in 1956 and in 2026 and what is difference in purchasing power based on the rate of inflation?
AI: "In 1956, the average annual income for an American family was approximately $4,800, which translates to roughly $3,000–$3,500 for an individual worker depending on household composition and employment status.
By 2026, the average annual salary for U.S. workers has risen to approximately $63,795 (average) or about $67,132 based on weekly earnings data of $1,291.
When adjusted for inflation, the purchasing power difference is stark. The cumulative inflation rate from 1956 to 2026 is roughly 1,124%, meaning prices are about 12.24 times higher in 2026 than in 1956."
Want prices on everything to crash in weeks? Get rid of the 20M illegals and lots of the 50M visa holders. Many, if not all, are subsidized by taxpayers and thru simple supply/demand they drive up prices — using YOUR money.
House price is up 30% and rent 20% only because of the illegals.
Match that to the price of eggs.
We are paying criminals and parasites to inflate prices on everything.
Thanks for the post. I have been preaching the same thing to Gen Z basement dwellers who whine that the Boomers are killing their ability to buy a home.