Posted on 03/29/2024 5:03:43 AM PDT by george76
And that is only two variables.
One could get a job sans college degree and get merit based promotions.
What’s the cost of university now?
Internet and smartphone is necessary for anyone with a decent career.
What is a decent car now v then?
Have you seen what a truck costs?
It continues on.
Goodness, “are necessary”…
The biggest variable on housing—larger than inflation, larger than interest rates—is location.
High cost areas are now four to five times more expensive in housing costs than low cost areas.
Anyone who can figure out how to make a decent living in a low cost area has a huge advantage.
Remote work makes this doable for many folks.
Remote work is the only positive thing I can think of that has happened for competent workers in my life.
Price per square foot? Average size growth of houses.
It will if investors are buying them. I hear the cash offer stories frequyandy yet I no one I know has a half mil in cash.
This is clearly by design. Just like Covid
It will be another power grab or a return to outright feudalism. Or both.
They meant it when they said you will own nothing.
Feels like feudalism. When folks wake up, it will be too late.
These homes are being snapped up by investors.
In my area of the world there is a bunch of homes for sale and prices are still rising.
Planned.
In my neighborhood they are selling homes as fast as they can build them. Starter homes that were $300K three years ago are now $500K.
They are being bought by people move here (NM) from out of state. Real estate is still cheap here compared to the west coast, Florida and New York.
If your company relocates you, which often seems to be the case, and you have to sell your California home for $1.2 million, like my buddy did (2000 SF, 3 BR, 2 BT, 1/4 acre lot) and you had lived in it for 20 years and had bought it relatively cheap back then, buying a $500K 2500 SF home is a bargain. You pay cash, have no mortgage, and only pay the property tax and insurance which aren’t that bad here in New Mexico.
Geez, how much is Vivek paying you?
That is about the only cost that has kept pace with home prices, I guess. In fact, maybe quite a bit worse around here.
I am independently wealthy. I take money from no one. I seen all the candidates in debates and interviews. Vivek seems to be the only one capable of changing USA for better, for all people, based on meritocracy, not equal opportunity socialism.
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