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re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
Posted on 7/21/26 at 7:47 am to BCvol
Posted on 7/21/26 at 7:47 am to BCvol
quote:
Illegals undercut wages while the government offers free food, subsidized housing etc. If they ever kick all the illegals out the already inflated home prices inflate more because the price of labor will increase. Roofers getting a raise is good because it should to some extent because of the wages being suppressed for years by illegals.
Let's just assume you're right. What will that do to this:
quote:
Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
?
1
Posted on 7/21/26 at 7:50 am to MSTiger33
Starting out is tough, it has been for every generation. I went to college and had to work at the college library, the gym/weightroom and the pool (lifeguard) to cover tuition. When I bought my 1st house (condo) I didnt get any assistance from my parents. Then I got married, again with no assistance. Im 100% sure that my kids wont have to walk that path. It may not be a lot, but it will be 100% more than what I got.
Posted on 7/21/26 at 7:52 am to ragincajun03
Prices will go down when Trump closes the H1-b Indian superhighway and hundreds of thousands of them leave and have to sell their homes, dragging down prices.
Posted on 7/21/26 at 9:31 am to SlowFlowPro
What would you do about it ? It's not that hard to figure out, we got the government propping up the lazy while the workers are getting undercut by illegals and H!B's. If no American worker can be found, then a salary of 500k is fair, make that the minimum for h1b adjusted yearly for inflation. Total halt to all immigration for at least 10 years. Debank all current illegals and make it a serious crime to knowingly hire one including small businesses. Of the known illegals create a database searchable by any citizen with all criminal records and known locations
Posted on 7/21/26 at 9:48 am to BCvol
quote:
What would you do about it ? It's not that hard to figure out, we got the government propping up the lazy while the workers are getting undercut by illegals and H!B's. If no American worker can be found, then a salary of 500k is fair, make that the minimum for h1b adjusted yearly for inflation. Total halt to all immigration for at least 10 years. Debank all current illegals and make it a serious crime to knowingly hire one including small businesses. Of the known illegals create a database searchable by any citizen with all criminal records and known locations
I’m not minimizing how bad illegal immigration is, but why is the new OT talking point a bunch of Joses from Guatemala are the reason houses are a half a million dollars in places like Collin county or the woodlands?
Posted on 7/21/26 at 9:49 am to CPA Yung Boi
quote:
but why is the new OT talking point a bunch of Joses from Guatemala are the reason houses are a half a million dollars in places like Collin county or the woodlands?
Joses are the reason that home isn't $650k
Posted on 7/21/26 at 9:51 am to CPA Yung Boi
quote:
I’m not minimizing how bad illegal immigration is, but why is the new OT talking point a bunch of Joses from Guatemala are the reason houses are a half a million dollars in places like Collin county or the woodlands?
Most of the Hispanic folks in my area (no idea whether they’re illegal) rent.
Posted on 7/21/26 at 9:54 am to ragincajun03
Generally on this issue we either legislate based on people being smart with their money (the vast majority aren't) or we legislate to try to get people who have no business owning a home on merit into something they will never pay for.
The real kitchen table meat and potatoes of the issue is that we have to get monthly payments down, which means we have to get rates down. I'm not saying drop them tomorrow and ignore all smart fiscal policy, but we need to be pulling levers that decrease rates or giving out low rates on government loans to highly qualified buyers even if its not their first home purchase (under a certain income threshold) to get the market moving at least somewhat again.
"But when rates go down they will be paying more for a house even if the payment is cheaper!". That matters to me and anyone else that knows money, but that doesn't matter to your average person. Their mortgage payment is the number that matters.
The real kitchen table meat and potatoes of the issue is that we have to get monthly payments down, which means we have to get rates down. I'm not saying drop them tomorrow and ignore all smart fiscal policy, but we need to be pulling levers that decrease rates or giving out low rates on government loans to highly qualified buyers even if its not their first home purchase (under a certain income threshold) to get the market moving at least somewhat again.
"But when rates go down they will be paying more for a house even if the payment is cheaper!". That matters to me and anyone else that knows money, but that doesn't matter to your average person. Their mortgage payment is the number that matters.
Posted on 7/21/26 at 10:00 am to Night Vision
quote:
I want to live it up right from the start!
I think there is a gap between the "pull yourself up" crowd and "something must be done" crowd, but this take is genuinely out of touch.
The issue is not that there are no affordable starter homes. I'd be more than willing to buy a 2 bed, 1.5 bath home ~1200ish square feet on a small lot. The issue is that those homes are now not safe to occupy due to wealth inequality.
I see homes like this all the time in Houston. And a block down the street is someone hunched over on drugs. Is it the worst spot in the city? No. Will I be moving my family to this area? Also no.
That being said, I think getting up in arms does no good. This country is based on individual freedoms. The door is shut. The issue is not "how do we get the door open". The move is "How can I think outside the box in this economy and be prosperous". For that, I am unsure.
Posted on 7/21/26 at 10:15 am to FliesByNight
quote:
The article says it assumes they will though
That's nice, but the article also assumes we're in a doom and gloom scenario for first time home buyers. We aren't.
Posted on 7/21/26 at 10:25 am to Joshjrn
Posted on 7/21/26 at 10:28 am to CPA Yung Boi
quote:
but why is the new OT talking point a bunch of Joses from Guatemala are the reason houses are a half a million dollars in places like Collin county or the woodlands?
Supply/demand
Posted on 7/21/26 at 11:07 am to SlowFlowPro
Labor typically accounts for about 38–42% of total construction costs for a new single-family home in the US. The bulk of that is on interior finish work electrical/plumbing etc
Posted on 7/21/26 at 11:44 am to BCvol
This is what drives me insane
$90,896 NARVEE TECH INC SOFTWARE ENGINEER PLANO, TX #75025 2026-03-31
$90,896 NARVEE TECH INC SOFTWARE ENGINEER PLANO, TX #75025 2026-03-31
Posted on 7/21/26 at 11:45 am to Salviati
quote:
LINK
Now filter for 3br/2ba (which was the context of the post you’re replying to). Tell me how many of them are in neighborhoods in Baton Rouge you would be willing to live in.
Because again, that was the context: the equivalent of $285k could, a few decades ago, buy you a 2k+ ft2 3br/2ba house in a nice neighborhood in Baton Rouge. If your response is “look at all of these houses that don’t fit that criteria”, you’re proving my point, not undermining it.
Posted on 7/21/26 at 12:34 pm to Joshjrn
quote:
3br/2ba house
Why do you need a 3/2? Just build an outhouse
Posted on 7/21/26 at 12:40 pm to Dire Wolf
quote:
Why do you need a 3/2? Just build an outhouse
My wife had one condition when we bought a house the first time...needed to have two bathrooms because from a previous relationship she came to the realization that she never wanted to share a bathroom again with kids
Posted on 7/21/26 at 12:42 pm to SlowFlowPro
quote:
You don't need a 20% downpaynent on a first home purchase.
Then you're going to need to make a good bit more than 109k to afford the house due to the increased monthly payments and PMI.
Yea, this is kind of the self-defeating cycle that current market is in right now. The young homebuyers need 20% or more to put down on the house to get the monthly outflow within the recommended range as a % of income, with where prices are currently. However, that number is an extreme hurdle to get over (both internal and external factors at play there). To put the minimum down, they won't be able to afford the house on a monthly basis. They get essentially stuck.
Posted on 7/21/26 at 12:42 pm to Salviati
quote:
Homes for sale in Baton Rouge for under $285,000
Do me a quick favor and click on a random house under 285k and tell me which school in that zone you would want to send your kids to.
Posted on 7/21/26 at 12:46 pm to gaetti15
quote:
My wife had one condition when we bought a house the first time...needed to have two bathrooms because from a previous relationship she came to the realization that she never wanted to share a bathroom again with kids
I could shite on mars and my toddlers would manage to find me to break my peace
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