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re: How imminent is a housing crisis in this country?

Posted on 10/21/26 at 12:59 pm to
Posted by VADawg
Wherever
Member since Nov 2011
49553 posts
Posted on 10/21/26 at 12:59 pm to
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 by Motownsix
NOLA
Member since Oct 2022
3500 posts
Posted on 10/21/26 at 1:01 pm to
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 by gaetti15
AK
Member since Apr 2013
16004 posts
Posted on 10/21/26 at 1:58 pm to
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 by PP7 for heisman
New Orleans
Member since Feb 2011
11085 posts
Posted on 10/21/26 at 2:08 pm to
quote:

I think the bigger crisis now is people not willing to live in more affordable places.
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.

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 by Oilfieldbiology
Member since Nov 2016
43325 posts
Posted on 10/21/26 at 2:10 pm to
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 by GreatLakesTiger24
Member since May 2012
62346 posts
Posted on 10/21/26 at 2:11 pm to
quote:

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.
all of the jobs and growth potential are in the major cities and growing sunbelt cities. it's not 1990 anymore
Posted by Coldcushcush
Member since Jul 2022
263 posts
Posted on 10/21/26 at 2:12 pm to
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 by Oilfieldbiology
Member since Nov 2016
43325 posts
Posted on 10/21/26 at 2:17 pm to
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 by gaetti15
AK
Member since Apr 2013
16004 posts
Posted on 10/21/26 at 2:24 pm to
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 by gaetti15
AK
Member since Apr 2013
16004 posts
Posted on 10/21/26 at 2:26 pm to
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 by Sun God
Member since Jul 2009
54261 posts
Posted on 10/21/26 at 2:27 pm to
Any of the old timers brought up how expensive their first TV was yet
Posted by Texas Tea 123
Member since Sep 2017
410 posts
Posted on 10/21/26 at 2:31 pm to
This will all resolve itself in about 20 years just be patient, it'll be here before you know it
Posted by gaetti15
AK
Member since Apr 2013
16004 posts
Posted on 10/21/26 at 2:34 pm to
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 by Paul Allen
Montauk, NY
Member since Nov 2007
79211 posts
Posted on 10/21/26 at 2:37 pm to
I have a Samsung plasma television from the great year of 2008 that is still working well.
Posted by Sun God
Member since Jul 2009
54261 posts
Posted on 10/21/26 at 2:38 pm to
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 by meansonny
ATL
Member since Sep 2012
28039 posts
Posted on 10/21/26 at 2:45 pm to
quote:

This is where the discourse always breaks down

Just zero understanding on your part


Help me.

Explain
Posted by GreatLakesTiger24
Member since May 2012
62346 posts
Posted on 10/21/26 at 2:47 pm to
quote:

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.
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.
Posted by gaetti15
AK
Member since Apr 2013
16004 posts
Posted on 10/21/26 at 2:51 pm to
quote:

that's where the work is.


Correct.
Posted by Sun God
Member since Jul 2009
54261 posts
Posted on 10/21/26 at 2:58 pm to
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
This post was edited on 10/21/26 at 2:59 pm
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
25305 posts
Posted on 10/21/26 at 2:59 pm to
Crisis? Yeah lots of crises everywhere.
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