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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/27/24 at 12:23 pm to North Dallas Tiger
Posted on 4/27/24 at 12:23 pm to North Dallas Tiger
quote:
By way of example, a family member is about to purchase a $1.2 M home in NC burbs that was appraised at $650k in 2020.
It’s not like that everywhere. That is insane and I of course just wouldn’t buy that house. On my eta from last post I mentioned my daughter is a physical therapist and son n law works hvac, they bought a house just 3 years ago in Houston, have a baby, and do just fine. Neither are making big money
This post was edited on 4/27/24 at 12:27 pm
0
Posted on 4/27/24 at 12:25 pm to Limitlesstigers
quote:
Shitty monetary policy is bipartisan
It’s not partisan at all and has nothing to do with the issues people are talking about in this thread
Posted on 4/27/24 at 12:25 pm to Limitlesstigers
quote:
Shitty monetary policy is bipartisan. The only people you can't really point the finger at are people who voted for Ron Paul or Libertarian candidates.
Voted Libertarian since 1992.
Posted on 4/27/24 at 12:26 pm to ragincajun03
Yeah, I hear you. Would like to move, but I have a 15 year 2.25% rare, so the only way I can justify moving is to buy/build for what I can sell mine for with no mortgage at all
Posted on 4/27/24 at 12:28 pm to TejasHorn
quote:
In 5 to 10 years we’re going to see a housing surplus and price crash. Boomers (who own the majority of real estate) will start departing the world in greater numbers, downsizing and into retirement homes.
While this is true, prices will keep going up until then and the crash will drop it to current prices. Or maybe even higher prices
Posted on 4/27/24 at 12:29 pm to ragincajun03
quote:
The gains are heavily concentrated in older Americans who are already homeowners and who invested many years ago when prices were lower.
Now let’s compare the amount of overtime and extra shifts they pulled compared to millennials now
Posted on 4/27/24 at 12:30 pm to ragincajun03
There is no housing crisis.
There is no housing cost crisis.
There are a lot of people who unwilling to live in a place that isn't their dream location. I bought in St. George (oh, yeah, that's right) because the same house in a decent neighborhood in town would cost twice as much. Simple as that.
Look at Colorado. Everyone wants to live in the Front Range cities with quick access to the mountains. No one wants to live an hour east in the prairie lands because it is not the dream. No matter that the houses are half the price.
There is no housing cost crisis.
There are a lot of people who unwilling to live in a place that isn't their dream location. I bought in St. George (oh, yeah, that's right) because the same house in a decent neighborhood in town would cost twice as much. Simple as that.
Look at Colorado. Everyone wants to live in the Front Range cities with quick access to the mountains. No one wants to live an hour east in the prairie lands because it is not the dream. No matter that the houses are half the price.
Posted on 4/27/24 at 12:33 pm to chalmetteowl
quote:
Now let’s compare the amount of overtime and extra shifts they pulled compared to millennials now
Anyone who actually believes boomers were much harder workers really doesn't have a clue.
It's a joke to suggest boomer overtime hours accounts for trillions in wealth disparities.
You also ignore global economic conditions that boomers benefited massively from and post-WW2 economic conditions.
There was a "boomer" generation worldwide, which not only created lots of workers, but lots of consumers for boomer business interests.
The boomers in the US had plenty of kids, the boomers in other countries did not. Part of the reason the global economy is going down is the lack of new workers and consumers to sustain the global economy. Luckily for the US the millennials will be able to consume enough to sustain this economy.
"The boomers just worked more hours!" Hilarious.
This post was edited on 4/27/24 at 12:34 pm
Posted on 4/27/24 at 12:34 pm to Locoguan0
quote:
There is no housing crisis.
There is no housing cost crisis.
There are a lot of people who unwilling to live in a place that isn't their dream location. I bought in St. George (oh, yeah, that's right) because the same house in a decent neighborhood in town would cost twice as much. Simple as that.
Look at Colorado. Everyone wants to live in the Front Range cities with quick access to the mountains. No one wants to live an hour east in the prairie lands because it is not the dream. No matter that the houses are half the price.
Except for every single piece of data available showing that housing affordability is at historic lows.
Other than that, yeah you're right.
Posted on 4/27/24 at 12:37 pm to Locoguan0
quote:Ok boomer
There is no housing crisis.
There is no housing cost crisis.
There are a lot of people who unwilling to live in a place that isn't their dream location. I bought in St. George (oh, yeah, that's right) because the same house in a decent neighborhood in town would cost twice as much. Simple as that.
Look at Colorado. Everyone wants to live in the Front Range cities with quick access to the mountains. No one wants to live an hour east in the prairie lands because it is not the dream. No matter that the houses are half the price.
Posted on 4/27/24 at 12:37 pm to chalmetteowl
quote:Ok boomer
Now let’s compare the amount of overtime and extra shifts they pulled compared to millennials now
Posted on 4/27/24 at 12:39 pm to North Dallas Tiger
quote:
Now let’s compare the amount of overtime and extra shifts they pulled compared to millennials nowOk boomer
Not a boomer… you ever saw that “day at Twitter” video
This post was edited on 4/27/24 at 12:40 pm
Posted on 4/27/24 at 12:41 pm to chalmetteowl
quote:link it
you ever saw that “day at Twitter” video
Posted on 4/27/24 at 12:43 pm to Penrod
quote:
The reason a lot of you can’t afford homes is because many of you don’t even start a serious career until you are 30; we started at 23 at the latest. And you would not live in the houses we were cool with as starter houses.
Hey dumb frick, you remember 07-08 when the current Mid 30's Millennials were graduating college and looking to get on the ladder?
You dumb fricks pulled it up. But not only did you pull it up, you also ran policy to save your old asses at the expense of the same group who now faced the worse job market since your parents were alive
. We then had to get even more advanced in ways to navigate tOG shite economy. Finally on the precipice post 2016 and again if you missed the boat before it left in 2019 you are GIGA screwed now. Luckily for me I am married and have a home in the year 2024 as a 38 year old. However, lets not sit here and speak from the podium like 30-40 year olds have/had it so fricking easy
This post was edited on 4/27/24 at 12:45 pm
Posted on 4/27/24 at 12:45 pm to bad93ex
quote:
He wanted to spend $5B to build the border wall, he was told that was too expensive. Biden spent $5B to build 7 EV charging stations but promised 500k.
Cite whatever meme makes you feel better. Doesn’t change the fact that Trump was adding to the national debt at the same or faster rate than Obama before COVID.
Trump isn’t a fiscal conservative; he’s a populist who pissed down your boot and told you it was raining. Feel free to support Trump in spite of this fact, but please spare us all the “Trump will right the fiscal ship” nonsense.
Posted on 4/27/24 at 12:48 pm to North Dallas Tiger
quote:
So stupid
So lazy
Posted on 4/27/24 at 12:49 pm to LRB1967
quote:Typical boomer speak
So lazy
Posted on 4/27/24 at 12:53 pm to Limitlesstigers
quote:
Shitty monetary policy is bipartisan. The only people you can't really point the finger at are people who voted for Ron Paul or Libertarian candidates.
God, I remember when I genuinely thought Ron Paul-esque politicians were the future of the Republican Party. Ron was a bit old and cooky, but once we got some young blood with a libertarian streak, we were going to see a generational change.
And now Republicans worship someone who could be Huey Long reincarnated.
Posted on 4/27/24 at 12:57 pm to North Dallas Tiger
quote:
Typical boomer speak
Not a boomer. GFY
Posted on 4/27/24 at 1:14 pm to Sofaking2
quote:
The problem is inflation is destroying everything. It’s way higher than the estimated 24% over the last 3.5 years. The way prices have risen for almost everything has me stunned. Biden and company are clueless.
I agree completely. For those that want to weather the storm of inflation that will be with us for quite a while, own assets that will inflate (rental properties, stocks, etc) and pay as little interest expense as you can reasonably manage.
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