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Posted on 8/23/22 at 11:09 am to Scruffy
I always enjoy these crab bucket threads. Reminds me of how upset some of the people on this board were when Trump doubled the standard deduction, which basically made it pointless for most of them to itemize to claim the mortgage interest deduction. Didn’t hurt them in the least, but they were pissy that they no longer got a tax advantage over other people 
Posted on 8/23/22 at 11:12 am to Bonkers119
quote:
So the ones that could actually afford housing after college? The current market + inflation makes it impossible to be a homeowner currently. I’m glad the people last century could afford $60k dollars houses, but it’s not the same market today, and anyone with common sense knows that.
We are all operating in the same market. The past is the past. Rent prices are largely controlled by housing prices, they will keep increasing with housing prices.
Young people need to stop being scared of home ownership and realize they will be left behind. I tell people all the time, get into the game, buy whatever you can afford even if you lease it out while leasing something closer to work. Housing prices have an will continue to increase over time, invest early or you will be left behind and never be able to get into the market. It’s basically the same principle as a 401k, invest a little each month early and the return will compound (tax free in most cases).
I see this all the time. People lament the housing market being unaffordable, so they just dismiss the idea of purchasing because they don’t want to stress themselves financially. They don’t necessarily even expand their search outside their current neighborhood where they are comfortable before dismissal of the idea. As big as a pain in the arse my house as been, and ultimately moved to the burbs to buy something I could afford, my house is easily my best investment. It has allowed me to keep up with the housing market, what used to be $300k is now $500k, but my house has also increased accordingly so my buying power has been maintained.
Posted on 8/23/22 at 11:12 am to Josh Allen
quote:. Damn, someone hit this guy's nerve.
TD is full of retard plant baws that didn't even go to college.
No worries Baw, that 10k off the top is life changing..for you, and the taxpayer (those nasty blue collar guys) say you're welcome.
Posted on 8/23/22 at 11:16 am to OceanMan
quote:
Young people need to stop being scared of home ownership and realize they will be left behind.
Being house poor is my worst nightmare. unless you are dual professional income, there's a very good chance you'll be house poor, and even then it's still a good possibility. frick. That.
quote:
buy whatever you can afford even if you lease it out while leasing something closer to work.
You can't get a traditional mortgage if it's not your primary residence. How many young people can put 20%+ down?
quote:
It’s basically the same principle as a 401k, invest a little each month early and the return will compound (tax free in most cases).
Horrible analogy. You can put $1 in your 401k if that's all you can afford. The price of a house is what you have to pay, whether you got it or not.
quote:
People lament the housing market being unaffordable, so they just dismiss the idea of purchasing because they don’t want to stress themselves financially.
Uhhh, yeah
quote:
It has allowed me to keep up with the housing market, what used to be $300k is now $500k, but my house has also increased accordingly so my buying power has been maintained.
And that's why people who have never owned now can't afford it.
Posted on 8/23/22 at 11:16 am to RogerTheShrubber
quote:
Damn, someone hit this guy's nerve.
No worries Baw, that 10k off the top is life changing..for you, and the taxpayer (those nasty blue collar guys) say you're welcome.
Roger, you never reminded us what your second degree is in.
Posted on 8/23/22 at 11:18 am to EarlyCuyler3
quote:
I'll take the money. It doesn't really matter to me whether I get it or not. Does that make it simple enough for you to understand or do I need to get out the crayons?
I don’t have student loans and wouldn’t qualify for forgiveness under this plan even if I did. But yes please continue to talk down to me as if I’m the one that doesn’t have their life together.
If it doesn’t matter, I’m sure you won’t perform any of the necessary paperwork to accomplish the forgiveness. I wouldn’t waste my time with something that doesn’t matter to me. But I am willing to bet $10k you will.
Posted on 8/23/22 at 11:19 am to Mingo Was His NameO
quote:
Roger, you never reminded us what your second degree is in.
MBRA
Master of Being a Recovering Addict
Posted on 8/23/22 at 11:20 am to Josh Allen
quote:
Master of Being a Recovering Addict
frickin aye bro. It's a battle at first.
Posted on 8/23/22 at 11:21 am to Mingo Was His NameO
quote:
You shouldn't have to do all that bullshite to buy a house....
He said he bought in one of the most expensive areas of the country. You think it’s bullshite that you have to work harder and control the amount of debt you take on to purchase a home in one of the most expensive areas of the country? What should it take then?
Posted on 8/23/22 at 11:24 am to OceanMan
quote:
He said he bought in one of the most expensive areas of the country
Based on his continued posting after that, I'll be honest I don't think he knows if it is or not. Sounds like he bought in like BR or Houston or something.
quote:
You think it’s bullshite that you have to work harder and control the amount of debt you take on to purchase a home in one of the most expensive areas of the country? What should it take then?
Wages and home prices should be pretty linear throughout the country if everything is efficient. Of course, there will be a couple of outliers, but wages should be higher where home prices are higher and Vice versa.
Posted on 8/23/22 at 11:26 am to Scruffy
quote:
The housing market is depressing even for me.
I'm not arguing that houses aren't overpriced, im just arguing that buying a first time home today is still 100% possible with the right decision making. I also don't think im a fan of government intervention to fix it, and student loan forgiveness definitely doesn't solve it. Now if we want to find a solution to big corporations buying up so many homes then I'm all ears, but I have yet to hear a good solution.
Posted on 8/23/22 at 11:26 am to Mingo Was His NameO
quote:
Sounds like he bought in like BR or Houston or something.
SLC
Posted on 8/23/22 at 11:27 am to Yeti_Chaser
quote:
I'm not arguing that houses aren't overpriced, im just arguing that buying a first time home today is still 100% possible with the right decision making. I also don't think im a fan of government intervention to fix it, and student loan forgiveness definitely doesn't solve it. Now if we want to find a solution to big corporations buying up so many homes then I'm all ears, but I have yet to hear a good solution.
not worth it
Posted on 8/23/22 at 11:28 am to Yeti_Chaser
quote:
im just arguing that buying a first time home today is still 100% possible with the right decision making.
So is buying a Ferrari
Posted on 8/23/22 at 11:29 am to OceanMan
quote:
But I am willing to bet $10k you will.
His life will change, he's so excited.
I've got more medical debt than the average loans and undergrad carries, do not want to be bailed out.
I certainly didn't ask for it, and it's not "fair" but it's my responsibility.
Posted on 8/23/22 at 11:29 am to Yeti_Chaser
quote:
SLC
When did you buy? Home prices went up 25% there in just 2021 so you could be being a bit disengenuous here
Posted on 8/23/22 at 11:30 am to RogerTheShrubber
quote:
I've got more medical debt than the average loans and undergrad carries, do not want to be bailed out.
I certainly didn't ask for it, and it's not "fair" but it's my responsibility.
I don't want them to forgive student loans, but I'd be an idiot not to take the money if they do. It's not that hard to comprehend
Posted on 8/23/22 at 11:33 am to Mingo Was His NameO
quote:
So is buying a Ferrari
Yea.. the first post I responded to in this thread said
quote:
The current market + inflation makes it impossible to be a homeowner currently.
I've never once said housing isn't overpriced right now. I don't think anyone would disagree with that
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