re: Americans need to earn 70% more than 6 years ago to comfortably afford a median price home

quote:

---

A few generations ago we had 25% unemployment and a global depression. Then we had an actual world war where men went off to die. Then we had the Cold War where we had nuclear weapons threatening the existence of mankind.

If high home prices are what the millennials think is hardship, it says more about them than the economy.

---

Now do the Guiled Age.

quote:

---

Then we had the Cold War where we had nuclear weapons threatening the existence of mankind.

---

Give me a fricking break.

The only effect the Cold War had on every day people was an increase in good taxpayer-funded jobs as a result of increased military spending.

quote:

---

A few generations ago we had 25% unemployment and a global depression. Then we had an actual world war where men went off to die. Then we had the Cold War where we had nuclear weapons threatening the existence of mankind. If high home prices are what the millennials think is hardship, it says more about them than the economy

---

-Boomer who lived during the most prosperous time in U.S. history and bought a home while retiring at 65 with a highschool education.

quote:

---

It is to counter inflation. It works, it's just painful and not a quick fix. I think they'll keep them "elevated" for years, albeit begin a slow step down. These aren't historically insane rates, people forget that. The historically insane rates were 3%, etc.

---

If it cost 70% more to buy the same product as it did before the pandemic then hasn't it successfully countered inflation?

I don't understand what the ultimate goal is. If it's purely to pay off debt then how are we ok with the pentagons budget going up yet again?

I don't get what the positive is for the American people if it's harder to buy a home, start a business or buy a car.

At least some sort of incentive based program on buying homes for younger professionals, I don't understand how that generation is suppose to get ahead if they can't afford a home, they're buried in student loans given out by the federal government and they're never going to start a business.

Also older folks who have homes. Their property and pure net worth increase if rates go down, at least slightly.

I just don't understand what was so awful about 2019 and why this plan in 2025 is so much better

Trump is calling for lower interest rates as well for the dudes downvoting

quote:

---

What I regret the most is that because I am a boomer, I won’t be around to see what the entitled shits blame their misfortune on after we are all gone. But victims gonna victim.

---

A true patriarch you are, "fk em I got mine"

I at least want to leave something for my kids.

Im leaving them enough to do something, but not enough to do nothing.

quote:

---

Im leaving them enough to do something, but not enough to do nothing.

---

Times are coming when your something might as well be nothing.

Possible fix -

1. Only American citizens/companies can own property or homes. Other countries do this.

2. Tax corporations at a very high rate, if they own more than X number of residential properties.

quote:

---

2. Tax corporations at a very high rate, if they own more than X number of residential properties.

---

You can't force them to divest the homes too quickly, it'll tank the market. You can stair step that up over a decade maybe?

But you can stop the bleeding. Washington saying certain entities can no longer by single family domiciles. How they define those entities will be complicated as hell and there will be loophole plugging needed constantly, but it's a start.

Another idea is somehow create major advantages for buyers that make homes their primary dwelling. At the same time you make it harder for corporations to buy them, you make it easier for real homeowners. The bidding process needs to be leveled.