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re: How imminent is a housing crisis in this country?
Posted on 10/22/26 at 10:43 pm to Kingshakabooboo
Posted on 10/22/26 at 10:43 pm to Kingshakabooboo
quote:
can be done if you live within your means and have realistic expectations.
Means that are ever increasing.
What's realistic nowadays you think in your opinion?
ETA: like whats the expectation you have based on your reality to versus what actual young people face nowadays
This post was edited on 10/22/26 at 10:45 pm
Posted on 10/22/26 at 11:51 pm to Mung
quote:
n 1977 Dad paid $21,000 at some crazy high APR for our first house, 900 sq feet. 3BR, 1.5 bath. Few houses that small these days.
Just curious what is that house worth today on Zillow? I'm going to guess $90,000 +/-10%.
This post was edited on 10/23/26 at 12:03 am
Posted on 10/23/26 at 12:15 am to TheGhostOfBigLee
quote:I don't understand how you are defining "housing crisis".
How imminent is a housing crisis in this country?
TheGhostOfBigLee
Let’s hear it scholars of the OT. Mortgage rates are rapidly approaching 8% and home sales are at multi decade lows. What do y’all say?
Posted on 10/23/26 at 12:58 am to gaetti15
Here is after a quick 2 minute look. 2/1 1250sf w/covered parking in Benton, La for $165K. Pretty sure it qualifies for an 0 down UFDA Rural Development Loan. Note would be about $1400-$1500!including estimated PMI, Ins, and Interest. A young married couple making at least $60K year household income with no more than one modest car note, could afford this.
LINK
LINK
Posted on 10/23/26 at 1:01 am to DVinBR
quote:
Nothing wrong here
Well there isn't anything wrong here it just looks scary. If you actually look at the data you will see that from 1985 to 2025 the growth rate of housing and the growth rate of salaries are about the same 4.1%.
From the chart- Housing 1985=$100,000 2025= $500,000
100,000* 1.041^40= $498,918
From the chart- Salary 1985= $30,000 2025=$150,000
$30,000* 1.041^40= $149,675
Are we really surprised that housing prices grew at basically the same rate over time as salaries.
What this chart truly shows is the vast majority of this board does not understand the mathematics behind compounding rates of growth over time.
This post was edited on 10/23/26 at 6:09 am
Posted on 10/23/26 at 1:09 am to gaetti15
quote:
Means that are ever increasing. What's realistic nowadays you think in your opinion?
Of course they are. That's how it always works over time.
quote:.
What's realistic nowadays you think in your opinion?
3-4% just like it's always been.
Bold prediction in 2036 this board will be bitching because the avg housing price is $750,000, the avg salary is $225,000, and gap on that chart will be even wider!
Posted on 10/23/26 at 5:29 am to TheGhostOfBigLee
On my street there are three new houses that has been listed for months. There is another one getting ready to build. All around me there are new houses being built, but no one is buying them. Every time I drive to town there are more lots being cleared to build another house.
What I can't understand is why are they still building houses if they are not selling any?
What I can't understand is why are they still building houses if they are not selling any?
Posted on 10/23/26 at 5:35 am to Tigersforthee
quote:
We bought our house in 2020 and got a sub 3% rate. The plan was to keep it til about now then downsize once the kids were gone. Now we have basically decided just to stay here, possibly forever. No need to downsize if your payments not gonna go down much, if any.
This is similar to my situation. I bought my current home in 2021 at a low rate. At that time I wanted the larger lot that had not neighbors. For two years I saw more deer than I did people. My wife even has a garden that she loves. There has been nine house built since then with ten kids running around. As we get older we are wanting something smaller, closer to town and quieter, but the rates are too high to move.
Posted on 10/23/26 at 5:42 am to TheGhostOfBigLee
Late to this thread. Don’t know if it’s been discussed.
Lenar Homes builds 40%ish of the new construction homes nationally.
They have begun selling unclaimed homes to their holding company and renting them out.
This is a clever way to mask how bad new home sales have truly dropped. Helps avoid dropping price due to lower demand as well.
TBH I avoid any home built by companies like DSLD, DR Horton, and Lenar.
Gimme a well built home from yesteryear or a quality custom built home
Lenar Homes builds 40%ish of the new construction homes nationally.
They have begun selling unclaimed homes to their holding company and renting them out.
This is a clever way to mask how bad new home sales have truly dropped. Helps avoid dropping price due to lower demand as well.
TBH I avoid any home built by companies like DSLD, DR Horton, and Lenar.
Gimme a well built home from yesteryear or a quality custom built home
This post was edited on 10/23/26 at 5:45 am
Posted on 10/23/26 at 6:09 am to gaetti15
Almost everyone of my friends born in the early 70s grew up in a 1100-1300 sf 3/1 or 3/1 and a half house with a carport. A few had 2 bathrooms. Some expanded their house livable space by building in the carport. We did that to add another 300 sf. It became our living room. Houses had laminate countertops, basic 3 1/4”trim around doors and windows, carpet throughout except linoleum in kitchens and baths. It wasn’t until the early to mid 80s that the 2000 sf split levels took over as the main entry level type home.
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