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

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I don't believe that if you live along the Gulf coast

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ran it specific to the Gulf Coast. Insurance in 1981 for a house in median house in florida would be 740-$1,300 annually

so like all things in the Housing market, it is more local than national

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So, go find a starter house, fix it up and stop crying like a 2 year old.

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I grew up in a 'starter house' like that. Safe working class neighborhoods dont exist anymore. I wouldnt even get out of my fricking car there today. Quit pretending like we still live in leave it to beaver land.

None of us give a shite about house size. Its about escaping certain demographics so our kids have a safe place to live and go to school.

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Oilfieldbiology

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Idiot

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I'm retired in my 40s you fricking idiot. You think that impresses me?

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I’m just giving factual evidence to refute your statement

And living on disability isn’t “retired”

We’re having a respectable discussion. I’d never downvote a gentleman that cares to have a civil discourse.

I think we may be talking past each other.

My point is that 7% mortgages aren’t an anomaly historically, as some want to claim. That’s probably the new reality.

Yeah, 30 years ago, I had a a 7%, $200,000 mortgage. Which seemed like a lot back then.

Now, the median price of a home has probably doubled since then, but wages have increased greatly too.

I guarantee that I wasn’t working a fast food job to pay my mortgage back then, just as a fast food worker probably can’t afford a mortgage now.

And I maintain that younger people seem to expect more, and I believe it’s driven by what they see online.

Many seem to want it all at an early age, without putting in the hard work to earn it, which has never been easily attainable by the vast majority of the population. Yet, the bitching because it’s not handed to them on a silver platter.

As I said earlier, our priorities after getting married was the house, kids, and friends and family. And betting that our wages would increase over time to make things a little easier. That takes time, and I don’t believe a lot of young people have that patience, without strong parental guidance.

Thankfully, my two kids graduated college in the mid two thousand teens, before the internet craziness really got out of hand.

They both have excelled, and each own homes way bigger than mine.

The American Dream is not dead, but you have to go get it.

The Constitution offers Equal Opportunity, not Equal Outcomes.

Go get you some

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Boomers own their fricking houses because they started in teeny, tiny little starter house

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To be fair, builders aren’t making these anymore. Builders making sub 1500sqft homes are a needle in the haystack.

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You spoiled crybabies want to just start by buying their houses as your first home because, well, you deserve luxury everything

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The average age for a first time homebuyer has jumped to 40 years old. So yeah, at that point they have multiple kids and need something more than the 1100 sqft POS you are talking about.

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Now, you want their home for a lesser price because you say it's not worth what they think it's worth anymore.

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Well it probably isn’t. Majority of boomer homes have antiquated designs, extremely outdated kitchens and bathrooms, and wallpaper/carpet that hasn’t been replaced in 30 years. Yet they want a price that is marginally different than a new build.

You may not accept this premise, but if there were low fixer uppers in safe neighborhoods with good school districts, millennials and Gen Z would be pouring into them. However they don’t exist. Those neighbors are filled with crime and failing school districts.

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You may not accept this premise, but if there were low fixer uppers in safe neighborhoods with good school districts, millennials and Gen Z would be pouring into them. However they don’t exist. Those neighbors are filled with crime and failing school districts.

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this is the point that they fail to recognize in all of these threads

and they are told this in this thread, that happens every 2 weeks, so they just have to be willfully ignoring this point for some very weird reason

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Many seem to want it all at an early age, without putting in the hard work to earn it, which has never been easily attainable by the vast majority of the population. Yet, the bitching because it’s not handed to them on a silver platter.

As I said earlier, our priorities after getting married was the house, kids, and friends and family. And betting that our wages would increase over time to make things a little easier. That takes time, and I don’t believe a lot of young people have that patience, without strong parental guidance.

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families are getting smaller (i.e. less people having kids), community dynamics have changed, hardcore drug usage and depression are at all time highs, people have lost their religion, etc.

The days of the families/communities as seen in the 60s-90s are over and have been over for a quick minute.

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families are getting smaller (i.e. less people having kids), community dynamics have changed, hardcore drug usage and depression are at all time highs, people have lost their religion, etc.

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I do think unaffordability plays into this. “frick it, I’ll never be able to afford a house so I’ll just spend my money traveling”

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Paid cash for what I could afford. Not worried about it.

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