re: Is apartment living really all that great?

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If you look at the history of the US housing market the overwhelming majority have generated wealth from home ownership.

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i think the social/employment paradigms that made this such a truism in the past are eroding

when you have the factory that your dad worked for there to give you regular employment through your working life (and a pension!), it normalizes the value of home ownership. when these opportunities decrease, things become much less stable

we're living in an increasingly mobile society. just think about the current stories of jobs being in area A and unemployed people living in area B, stuck there because of, primarily, a mortgage (or, more specifically, that dream of wealth accumulation creating a major sunk cost fallacy). that pattern is going to continue to increase. this is going to disproportionately affect lower-middle/middle class, uneducated workers trying to "accumulate wealth" through their home (the very demo your comments are historically referencing)

where real home-wealth accumulation is occurring is in urban areas where upper-middle/upper class people are making bank

historically, your comment made sense. today it makes a lot less sense, especially for the people who need to use this to accumulate wealth. making the wrong decision on housing also will disproportionately destroy their economic future more often

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mortgage interest net of tax benefits

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And with the change in the standard deduction, the already tenuous math became much more difficult now that someone married filing jointly needs to clear $24k in interest/other deductions before it even begins to matter.

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historically, your comment made sense. today it makes a lot less sense, especially for the people who need to use this to accumulate wealth. making the wrong decision on housing also will disproportionately destroy their economic future more often

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Do you know anyone who bought a home after 2008 crash who has had their primary residence depreciate in value? What is your metric for recent?

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Do you know anyone who bought a home after 2008 crash who has had their primary residence depreciate in value?

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it was stated earlier that this is a hyper-local phenomenon, but it's going to his LC hard in a few years, for one example

i imagine Nola is going to have a nuclear-level implosion within the next 10 years. no way a city on life support economically can afford to maintain that level of housing cost. BR is flattening/about to flatten

The biggest issue nationally is that housing price inflation has far outpaced wage growth. To think this won't be an issue sooner than later is being naive.

Locally LC will be hurting soon. Too many prospectors overbuilding right now.

That's a small portion of it IMO but there's a lot to consider as to why pricing is so absurd. Just looking at lot costs alone in some areas tells me we're heading into a needed correction.

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Apartment living has its perks. However, rent was going up at the place I lived at. And my neighbors were always arguing, and left alarm clocks running all morning and they had a fricking loud arse dog whom they locked up when they left so he barked non stop. It wasn't worth it anymore. Getting a house was a much better choice.

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That sounds awful. If the landlord/manager wasn’t willing to do anything, I would be gone with a quickness.