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Started By
Message
re: Fannie Mae Downgrades Housing, Origination Forecast
Posted on 6/2/22 at 8:59 am to wadewilson
Posted on 6/2/22 at 8:59 am to wadewilson
quote:
No. It means the starter home you could have bought for $150-200k 3 years ago is now $275k.
I wonder why we aren't building more flats and townhomes to market towards first time homebuyers in smaller/mid sized markets. It seems like single family is all they build now.
3
Posted on 6/2/22 at 9:00 am to dewster
quote:
I wonder why we aren't building more flats and townhomes to market towards first time homebuyers in smaller/mid sized markets. It seems like single family is all they build now.
building a shitpile of townhouses in Houston, problem is a large portion of them are cheaply built
Posted on 6/2/22 at 9:01 am to dewster
Townhouses are probably going to come with association fees that tack on another $300/month anyway.
Posted on 6/2/22 at 9:01 am to dewster
quote:
I wonder why we aren't building more flats and townhomes to market towards first time homebuyers in smaller/mid sized markets. It seems like single family is all they build now
Zoning is the issue in most areas.
Posted on 6/2/22 at 9:03 am to El Segundo Guy
quote:
Well here's your validation Millenials. Yes, you have had it so much worse than us Gen Xers that tend to keep our mouths shut and deal with it.
You graduated into an even better economy than boomers did, you whiny titbaby.
Posted on 6/2/22 at 9:04 am to AUCom96
quote:
This many millennials didn't just crawl out of their parent's basement with half a mil to dump on a new house. This thing is being driven and it's going to crash...which has a lot in common with enough other economic factors moving in the same direction that it can't help but feel intentional.
Yeah. Blackrock buys whole neighborhoods before they even hit market.
Posted on 6/2/22 at 9:05 am to stout
The tiny house market may start to pick up.
Posted on 6/2/22 at 9:06 am to wadewilson
That's my point. I saw we give the Millennials a sort of welfare check. Maybe then they will be ok?
A UBI for Millenials. Push for it in the 2022 midterms!
A UBI for Millenials. Push for it in the 2022 midterms!
Posted on 6/2/22 at 9:07 am to LSUtoBOOT
If materials prices fall, anybody who has a little construction know-how is set up well.
I'd build a metal barn a few miles out of town and frame in a condo inside of it.
I'd build a metal barn a few miles out of town and frame in a condo inside of it.
Posted on 6/2/22 at 9:08 am to cable
quote:
Quit trying to live in trendy areas.
Have you looked at prices in South Baton Rouge? So trendy.
Posted on 6/2/22 at 9:10 am to El Segundo Guy
quote:
That's my point. I saw we give the Millennials a sort of welfare check. Maybe then they will be ok? A UBI for Millenials. Push for it in the 2022 midterms!
The next time you say something in this thread that isn’t retarded will be the first time.
Posted on 6/2/22 at 9:10 am to The Third Leg
Posted on 6/2/22 at 9:11 am to wadewilson
We also graduated into a tech crash, 9/11, gas hikes, Gulf War(s), housing crash and whatever has occurred since 2008. We've had to be nimble just as much as anyone. Born in 71.
Posted on 6/2/22 at 9:14 am to The Third Leg
Damn Millenial bro. That hurts my feelings.
I'm sympathetic to the plight of Millenials and want to supplement your low wages.
I'm sympathetic to the plight of Millenials and want to supplement your low wages.
Posted on 6/2/22 at 9:17 am to Sao
quote:
We also graduated into a tech crash, 9/11, gas hikes, Gulf War(s), housing crash and whatever has occurred since 2008. We've had to be nimble just as much as anyone. Born in 71.
You outlined why I think there's a gulf between younger millennials and older ones - particularly when it comes to work ethic, investment practices, and politics.
Posted on 6/2/22 at 9:18 am to Sao
Most of you had at least a few good years working in a very strong economy before dotcom.
If you were born in the mid-80's you graduated high school and/or college into a worse recession, higher peak unemployment, and a higher GDP loss than any Gen x'er or boomer ever did.
If you were born in the mid-80's you graduated high school and/or college into a worse recession, higher peak unemployment, and a higher GDP loss than any Gen x'er or boomer ever did.
Posted on 6/2/22 at 9:18 am to Dire Wolf
quote:
building a shitpile of townhouses in Houston, problem is a large portion of them are cheaply built
Honestly they need to build more units that younger people can afford. Otherwise they are going to be screwed out of the housing market for a long time.
Posted on 6/2/22 at 9:20 am to goofball
I imagine part of the fear there is that in a few years those cheap townhouses will stay vacant.
Posted on 6/2/22 at 9:20 am to wadewilson
quote:
If you were born in the mid-80's you graduated high school and/or college into a worse recession, higher peak unemployment, and a higher GDP loss than any Gen x'er or boomer ever did.
:raiseshand:
Most people my age already had to reinvent themselves at least once. Hopefully this next recession isn't too deep. I'm too old to learn new tricks now.
Posted on 6/2/22 at 9:21 am to stout
Foreclosures will come at some point. Even with low interest rates if a recession hits and people lose their jobs, many don’t have the resources to last long because they over extended in their house.
I am waiting for that worm to turn. Foreclosure or deals to get them out of the investment asap.
I am waiting for that worm to turn. Foreclosure or deals to get them out of the investment asap.
This post was edited on 6/2/22 at 9:22 am
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