re: Cost to buy = $2,700/month. Cost to rent = $1,850/month

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I imagine they weren't voting for too many Republicans back in the day

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Im GenX (born in 79 so barely GenX) and turned 18 in November of my senior year. Registered and voted Republican from the start and no GenX I know ever dressed like this





It was Abercrombie, Docs, Lucky jeans, etc. GenX was overall conservative and still is.

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This has been going on for multiple election cycles over decades.


What boomers voted for 40 years ago is coming home to roost today. Millennials simply haven't voted long enough to have that large of an effect and contrary to popular belief young people generally don't turn out in big numbers.

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AS with the financial situation, they will also not admit this. Millennials aren't even in power. Boomers and old Gen X are in power.

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Cheap money has in fact been a bipartisan policy since 2008.

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Also there is this:



Trump printed a couple extra trillion. I'm sure that has had no impact on inflation or the money supply.

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How long do you think the housing market can handle 7% mortgage rates? Mortgage applications are way down

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These are the kind of things you read when interest rates have been kept artificially low for 20-30+ years....

Believe it or not people bought/sold houses at a time when 7% was considered a good rate. Houses were a lot cheaper then too. That's what's going to happen.

this chart is so fricking fake you dumbasses believe anything cnn puts out

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Times have changed and it's worse for youths. Yes, the goods are generally better (other than the albatross in college), but that doesn't make up the full difference.

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People have to stop paying high dollar for college degrees that don’t lead to high paying jobs.

Go to the lowest level university to check the box and get into the workforce should be the goal.

How is that fake?

Why are there so many succesful millenials and zoomers if serfdom is so prevalent? One of, and to me, the most important factor is the successful ones seem to have a total abstinence from whine.

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The rent figure is going to explode, too once landlords get their insurance renewals… the current increased slope of the rental line is steeper than at any point on that graph

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I don't understand that assumption. If you as the owner could charge more than you were that was a mistake. There shouldn't be much more you can charge since you should have already been priced to optimize profit.

The costs for the owner are often not similar to the costs for the renter. This is often to the owner's benefit if they have a low interest loan and the property has appreciated (while the property is rented out).

But people are too sanguine about the possibility of the reverse. Insurance, property taxes, uncovered damage, management expenses, renters who lose jobs and stop making payments can all turn a profitable property into dead weight.

Investment properties were some of the most likely to end up in foreclosure in the last crisis. You can't collect rent from people without money.

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Believe it or not people bought/sold houses at a time when 7% was considered a good rate

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Been in RE since 2001. I know but again you guys are comparing apples to oranges. Wage growth has failed to keep up with house price appreciation by large gaps. That ground will not be made up overnight.

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Houses were a lot cheaper then too. That's what's going to happen.

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New houses didn't have the code standards we do now. Houses can only get so cheap when codes force additional costs. The IBC could stand to lose probably a good 30-40% of the BS.