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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 4:11 pm to H2O Tiger
Posted on 5/24/23 at 4:11 pm to H2O Tiger
quote:
And did the housing prices all magically return to where they were? Or did they stay elevated and become the new normal?
It only lead to a massive recession, so… No big deal
0
Posted on 5/24/23 at 4:11 pm to AUFANATL
quote:or that demographics have changed A LOT since the 80s and wayyyy more neighborhoods are ghetto-fied
millions of migrants should be looking for homes This NEVER gets mentioned in the ongoing war over open door immigration policies.
It’s easy to tell someone else go buy an affordable house in a majority Hispanic neighborhood though
Posted on 5/24/23 at 4:12 pm to Jake88
quote:
I'm not the one whining,
You’re quite literally whining about my posting. Snowflake.
Posted on 5/24/23 at 4:12 pm to pankReb
quote:
Cool. Like in 2008?
2008 was the bust but from about 2003 to 2008 home prices accelerated well past their usual average 3% yearly growth rate that had become the norm for a decade or so. It was all driven by demand from subprime. Even with subprime and BS like 110% loans plenty of people were driven out of markets they couldn't afford.
Not quite the same as now but close.
Posted on 5/24/23 at 4:15 pm to stout
quote:
2008 was the bust but from about 2003 to 2008 home prices accelerated well past their usual average 3% yearly growth rate that had become the norm for a decade or so. It was all driven by demand from subprime. Even with subprime and BS like 110% loans plenty of people were driven out of markets they couldn't afford. Not quite the same as now but close.
Right. This is why complaints about the housing market are absolutely valid. We’re all seeing the same similarities that we’ve lived through once already.
Posted on 5/24/23 at 4:15 pm to H2O Tiger
quote:
And did the housing prices all magically return to where they were?
It was market specific but some metro areas saw their prices dip to early 2000 levels and lost all appreciation even that which was not caused by the subprime mess.
Posted on 5/24/23 at 4:16 pm to stout
quote:
It was market specific but some metro areas saw their prices dip to early 2000 levels and lost all appreciation even that which was not caused by the subprime mess.
Maybe a select few, but I'm not going to sell my house for less than I paid unless it's my absolute last option. I know a lot of other folks feel the same way, so it's gonna keep inventory low.
Posted on 5/24/23 at 4:16 pm to pankReb
quote:This is typical of your sort. To salve yourself you have to take someone pointing out that you are whining and label it something it isn't. Makes you feel better about the truth you've been shown because you can't see yourself as a "woe is me" whiner. I get it. It might sink in over time, it might not. Until then though, you'll predictably label the truth tellers as snowflakes and whatnot. Enjoy your pity party cry fest. Woe is you.
You’re quite literally whining about my posting
Posted on 5/24/23 at 4:16 pm to stout
quote:
Not 100% but it's a good bit of why.
Another reason was crime, schools,
Right.
"Crime"
"Schools"
Posted on 5/24/23 at 4:17 pm to stout
I do have to laugh at these discussions where the same people who post nearly every day how this country has gone to absolute shite and how the fall of the great american empire is rapidly accelerating with nothing to slow it down will basically say the opposite and screech about how things have never been easier when some mill or zoombot pipes up about how shite is fricked up.
Posted on 5/24/23 at 4:18 pm to pankReb
quote:
This is why complaints about the housing market are absolutely valid. We’re all seeing the same similarities that we’ve lived through once already.
The result of cheap and easy money. It happens in any industry when cheap or free money is injected.
Obama crippled the used car market and took away a whole segment of really cheap cars poor people relied on with cash for clunkers but the new car market boomed and never really came back down which in turn drove the used car market to new highs as well. It was one of the dumbest policy moves we have ever seen and no one talks about how bad it was.
Posted on 5/24/23 at 4:19 pm to Jake88
quote:
Jake88
@ at the whining snowflake. Posted on 5/24/23 at 4:19 pm to pankReb
quote:
And both of my grandfathers came from the greatest generation, so my only complaints was that they raised frickhead boomers like you to ruin everything.
I'm genX so go frick yourself.
I'm sorry for suggesting one of your grandparents molested you.
Which one of your uncles molested you?
Posted on 5/24/23 at 4:20 pm to deeprig9
quote:
deeprig9
You never answered how much you bought your house for
Posted on 5/24/23 at 4:20 pm to stout
The car market is bat shite crazy.
Also, don't complain that you can't buy a house while you drive around in a new BMW.
I drove my old arse 4Runner that I got in high school forever
Also, don't complain that you can't buy a house while you drive around in a new BMW.
I drove my old arse 4Runner that I got in high school forever
Posted on 5/24/23 at 4:20 pm to JohnnyKilroy
quote:
I do have to laugh at these discussions where the same people who post nearly every day how this country has gone to absolute shite and how the fall of the great american empire is rapidly accelerating with nothing to slow it down will basically say the opposite and screech about how things have never been easier when some mill or zoombot pipes up about how shite is fricked up.
Usually happens right after the usual “millennials are just lazy and should stop crying” boomer statements.
Posted on 5/24/23 at 4:21 pm to deeprig9
quote:
I'm genX so go frick yourself.
So am I so go frick yourself as well.
quote:
Which one of your uncles molested you?
Once again….a really alarming red flag that this is what’s on your mind. Usually means you’re projecting so you should probably seek therapy.
This post was edited on 5/24/23 at 4:23 pm
Posted on 5/24/23 at 4:21 pm to H2O Tiger
quote:
Maybe a select few, but I'm not going to sell my house for less than I paid unless it's my absolute last option. I know a lot of other folks feel the same way, so it's gonna keep inventory low.
Different situation. These people didn't sell. They were foreclosed and two things drove prices down. At first, it was the sudden drop in demand and later once the glut of those foreclosures started flooding the market it tanked prices even further.
Posted on 5/24/23 at 4:24 pm to JohnnyKilroy
quote:
how things have never been easier when some mill or zoombot pipes up about how shite is fricked up.
I do think younger generations have easier ways to make money but that is mostly internet driven and the same can be said for every generation since the end of probably the great depression.
Posted on 5/24/23 at 4:24 pm to SlowFlowPro
quote:
Also, even ignoring the current political landscape, this was the Boomer generation at yutes:
I am a "boomer" on the tail end of it.
My cohort was the last 19-24 group to vote Republican in 1980, for Reagan, so frick you.
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