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re: How imminent is a housing crisis in this country?
Posted on 10/21/26 at 12:59 pm to Shorts Guy
Posted on 10/21/26 at 12:59 pm to Shorts Guy
quote:
But in all seriousness, I think the bigger crisis now is people not willing to live in more affordable places. They all want to live in a nice house in a top 10 market. They’ll scoff at a well-paying corporate job in Kansas City or Cleveland where money still goes a long way for a house. They’re too good for that.
No, the bigger problem is we have large parts of every single metropolitan area in this country that are uninhabitable for young white people. I've said this before in this site, but just imagine how much it would help the housing issue if places like the south side of Chicago weren't the equivalent of an African war zone.
El Salvador's president would fix our housing crisis in a week.
Posted on 10/21/26 at 1:01 pm to gaetti15
quote:
example: see Federal government at all levels
I might have not been attentive enough in civics class but isn’t federal government just one level?
Posted on 10/21/26 at 1:58 pm to Motownsix
quote:
I might have not been attentive enough in civics class but isn’t federal government just one level?
Federal government is composed of the executive, judicial, legislative, and deep state branches grampa...keep up
Posted on 10/21/26 at 2:08 pm to Shorts Guy
quote:While true for big cities like New York or LA, just look at what people are asking for VERY modest houses in off of fricking West Esplenade.
I think the bigger crisis now is people not willing to live in more affordable places.
You're looking at close to 600k for a 2500 square foot 4B/3B in the most middle class areas of Jefferson parish. It's insane.
Posted on 10/21/26 at 2:10 pm to Shorts Guy
quote:
They’ll scoff at a well-paying corporate job in Kansas City or Cleveland where money still goes a long way for a house
Aren’t both of those cities growing pretty decently?
Posted on 10/21/26 at 2:11 pm to Shorts Guy
quote:all of the jobs and growth potential are in the major cities and growing sunbelt cities. it's not 1990 anymore
I think the bigger crisis now is people not willing to live in more affordable places. They all want to live in a nice house in a top 10 market. They’ll scoff at a well-paying corporate job in Kansas City or Cleveland where money still goes a long way for a house. They’re too good for that.
Posted on 10/21/26 at 2:12 pm to TheGhostOfBigLee
quote:
Let’s hear it scholars of the OT. Mortgage rates are rapidly approaching 8% and home sales are at multi decade lows.
about 2 years after my graduation we went house shopping. it was about 1975. the 30 yr mortgage rate was more than double what it is today. the mortgage rate is just one component of home cost.
the price of labor, materials and the contractor margin and the price of land are much higher now. you need a good job, great savings and a commidttment to own these days. i feel sorry for the young people as the american dream is now really tough. but it can be done.
Posted on 10/21/26 at 2:17 pm to Coldcushcush
quote:
the price of labor, materials and the contractor margin and the price of land are much higher now. you need a good job, great savings and a commidttment to own these days. i feel sorry for the young people as the american dream is now really tough. but it can be done.
Do you realize how much agreement and how much actual discussion could be had on this site and in this country if more people held this opinion like you do?
I’d love to have a beer with you and discuss what you’ve seen. I’m willing to bet it would be really similar to chilling with my old man, and that’s a compliment to you in case you were wondering.
Posted on 10/21/26 at 2:24 pm to Coldcushcush
quote:
the price of labor, materials and the contractor margin and the price of land are much higher now. you need a good job, great savings and a commidttment to own these days. i feel sorry for the young people as the american dream is now really tough. but it can be done.
all of this and a little bit of luck.
You nailed it though.
Posted on 10/21/26 at 2:26 pm to GreatLakesTiger24
quote:
all of the jobs and growth potential are in the major cities and growing sunbelt cities. it's not 1990 anymore
It'd also be a whole lot cooler if we didn't have current political actors over-react to the COVID telework policies.
Consistent telework would allow people to move to more affordable areas while also being more apt to have a good paying job that might not be available in LCOL areas.
Posted on 10/21/26 at 2:27 pm to Oilfieldbiology
Any of the old timers brought up how expensive their first TV was yet
Posted on 10/21/26 at 2:31 pm to Sun God
This will all resolve itself in about 20 years just be patient, it'll be here before you know it
Posted on 10/21/26 at 2:34 pm to Texas Tea 123
quote:
This will all resolve itself in about 20 years just be patient, it'll be here before you know it
Brother, I also look forward to our AI/Cyborg overlords
Posted on 10/21/26 at 2:37 pm to Sun God
I have a Samsung plasma television from the great year of 2008 that is still working well.
Posted on 10/21/26 at 2:38 pm to meansonny
quote:
When my wife and I bought our first home in 2003, we cancelled cable/satellite. We had Public Broadcasting (PBS). We spent our money on down-payment and closing costs. We sacrificed after closing until our reserves were built back up.
We didn't go and furnish the home. We moved our apartment furniture in and had empty bedrooms. We handmade our TV stand for the new home.
This is where the discourse always breaks down
Just zero understanding on your part
And I’m comfortable in a home I own. I’m glad I’m not fresh out of college though.
Posted on 10/21/26 at 2:45 pm to Sun God
quote:
This is where the discourse always breaks down
Just zero understanding on your part
Help me.
Explain
Posted on 10/21/26 at 2:47 pm to gaetti15
quote:no offense to these places, but people aren't moving/didn't move to Houston, Dallas, Atlanta in large numbers because they always wanted to and they're sooo desirable. that's where the work is.
t'd also be a whole lot cooler if we didn't have current political actors over-react to the COVID telework policies.
Consistent telework would allow people to move to more affordable areas while also being more apt to have a good paying job that might not be available in LCOL areas.
Posted on 10/21/26 at 2:51 pm to GreatLakesTiger24
quote:
that's where the work is.
Correct.
Posted on 10/21/26 at 2:58 pm to meansonny
You think every fresh out of school 22 year old has every possible expense imaginable and are looking for a giant house or a fancy apartment downtown in a big city
Most are saving every penny they can just like you did but the market is profoundly grim for them
The fact you used 2003 is extra funny
Most are saving every penny they can just like you did but the market is profoundly grim for them
The fact you used 2003 is extra funny
This post was edited on 10/21/26 at 2:59 pm
Posted on 10/21/26 at 2:59 pm to TheGhostOfBigLee
Crisis? Yeah lots of crises everywhere.

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