Posted on 08/20/2022 5:34:55 AM PDT by PK1991
Wow I had not seen that. Those are enlightening.
Wait until Jeff Bezos and Blackrock see their maintenance costs skyrocket bad investment.
Chicago projects gone bad.
You got all 4 jabs?
Good point. Also, the old pump and dump that Wall Street likes to utilize. When the FED reverses course on interest rates because of a cratering economy and stock market housing prices will go up again and inflation will go out of control and they can dump on the suckers again at the peak as the economy implodes.
It is capitalism. You don’t like??
I am against big business. It is not good capitalism.
I certainly don’t agree with him.
This isn’t a difference of stance on the issue of owning vs. renting. The matter is that people who AGREE with the merit of ownership are being blocked out of a scalper’s market.
I bought my first home in Texas for $88K in 1996. Just under 2K SQ FT, a 3 bedroom, 2 bath with formal dining, EIK, fireplace, laundry room, WIKs throughout, and 2 car garage. At the time, we were making $80K jointly. Property taxes were under $3K a year.
We sold that in 2015 and bought a 4 bedroom, 2.5 bath with massive kitchen, formal dining, fireplace, laundry room, WIKs, 2.5 car garage in a great HOA for $222K.
Home is now worth $430K.
The days of an $88K starter home for couples is over. I feel bad for young people.
I bought my first home in Texas for $88K in 1996. Just under 2K SQ FT, a 3 bedroom, 2 bath with formal dining, EIK, fireplace, laundry room, WIKs throughout, and 2 car garage. At the time, we were making $80K jointly. Property taxes were under $3K a year.
We sold that in 2015 and bought a 4 bedroom, 2.5 bath with massive kitchen, formal dining, fireplace, laundry room, WIKs, 2.5 car garage in a great HOA for $222K.
Home is now worth $430K.
The days of an $88K starter home for couples is over. I feel bad for young people.
then look in a different area.
The only tool of the left is the person who ignores what’s happening. That person being, you.
In any case … I would suggest that one’s inability to afford housing and other basic needs is one of the biggest indicators that it’s time to move somewhere else.
“Nobody wants to reduce population.
Those who think that are certifiable.”
Meet Mr. Nobody:
https://populationmatters.org/news/2019/09/world-and-un-must-reduce-population-growth
https://populationmatters.org/solutions
https://overpopulation-project.com/organizations-dealing-with-overpopulation/
How many left wing, UNIPARTY, WEF, NWO folks are on this site?
I don’t care and the site shouldn’t be an echo chamber, but, WOW!!!!
It seems their numbers are growing
This is like ... walking through Neiman Marcus and saying DANG! clothes are no longer affordable!
They might be priced out of certain markets that are currently popular and in high demand. But if they are willing to drive a little further, or take a chance in a more marginal area, there are still tons of deals.
And plus as several people have already mentioned here, you don’t have to start with a “home”, you can start with a condo. The point is to get into something you “own” no matter what it is, as soon as possible. As soon as you do that you will have extra money (the difference between what you new house payment is and what your rent was) That extra money will allow you save up for the next down payment much faster and easier. You move out of your original place and rent that out and into you new place. It’s always easier to get a loan on something you will be living in. So you just jump from place to place, living in each along the way and stepping up each time and renting out the one you left.
Just as a fun exercise, can you give me a city that you think is unaffordable and where normal people are being priced out?
There is a huge movement to turn safe single family homes suburbs into microhousing urban ghettos.
By way of comparison, in 1996 in Manassas, VA you would have paid $120K for an 1100 sq ft townhouse.
And Manassas, VA is such an armpit that it’s primarily known for the John Bobbitt incident and that guy (Paul Warner Powell) who wrote the prosecuting attorney a letter (under the assumption that he couldn’t be re-tried) that got him convicted of murder and a trip to Virginia’s electric chair.
Two single-family homes on my street are already being used as rooming houses. My theory is that the owners’ goal is to buy several adjacent properties, tear down the houses, and build apartments. Our PC city council will be happy to re-zone the area in the name of “climate change.” About a mile and a half from me, a whole square block of single-family homes was torn down and they are building apartments and/or condos on the site.
Turning good neighborhoods into dangerous slums is not capitalism.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.