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

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

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I really don’t disagree with anything you said. Statistically it’s one of the toughest times for young people to get off the ground and get going. But that doesn’t mean the American dream is dead. It does mean you will have to work harder, and make some real sacrifices, and take a bit of a longer road than many people did before you. As I’ve been saying though, there have been times before where it has also been very tough and this generation is not alone in that. Those people fought through it, and my generation can too. But we have to want it. It isn’t going to be handed to us

Young people really want it all now, and they are struggling with that. Many people call us entitled. We are, but the circumstances of the environment around us has also somewhat conditioned us to be this way. The internet puts everything you want to know at your fingertips immediately. It’s all my generation has ever known. Companies like Amazon can deliver something you want online the same day you order it.

I’ve achieved what many would call the American dream, but not without my own sacrifices. I didn’t go to my dream college because I had a full ride elsewhere and took that. After I graduated college in 2018 I lived at home with my parents for 3 years while working full time to save every penny I could. I moved out 3 months before I got married into the home I currently own, dumping every extra penny I could so I could skip the started home and take advantage of the historically low interest rates, knowing what was to come. I drive a 15 year old paid off truck, with no plans to get a new one anytime soon.

At the same time I recognize that if I bought my house at the same price I did back in 2021 ($325k), my current payment would be almost $1k more a month due to increased interest.

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

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Civil discourse doesn't happen nowadays and hasn't been for quite some time.

example: see Federal government at all levels

Correction is underway currently. The bottom hasn’t fallen out yet, but prices are starting to drop.

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Well we will have to agree to disagree.

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Yeah we can disagree as to whether it SHOULD be part of contracts but it is in most modern systems. If you prefer straight specific performance (which is available in “specific” situations) and debtor’s prison then I guess we do disagree.

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It seems like you are presenting an argument for your generation, not yourself. You sound like you’re on solid footing, yet worried somehow about those that may be left behind.

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It’s very simple, more poor and stupid people make me worse off. And we, as a country, are making more poor and stupid people

I was hoping to sale my home to have an upgraded one with more square feet another room and a shorter commute for work.

I bought my current home new in 2022(1300 square feet, massive garage, and all tile), had to upbid to purchase. I have a 4.25% rate on a VA loan. I got plenty of views but no sale.

Hindsight looking in, I’m glad I didn’t because I’d be paying 1000 more per month easily if I got what I wanted. I’ll take my 1200 mortgage any day of the week and build more equity

Ahhh yes. It’s been a week or two since we’ve had one of these threads.


- 2008 happens
- Underbuild for a decade+
- 2020: Fed prints too much money and drops rates too low for too long
- Everyone rushes in to buy, build or refinance.
- Supply low, demand record high = Prices go up.
- 2022 Rates start to increase. Demand still high, but supply is low. Record high 40 year inflation due to (2020 bullet point).
- 2023-2026 Prices remain high. People are stuck, for better or worse. Most are kicking can down the road to move/build when they can pay more with cash
- get on tigerdroppings and hear doomsdayers talk about the bottom falling out, even though it isn’t even close to falling out. And on the flip side, there’s the head in the sand crowd reminiscing of having it more difficult than the avocado toasters with their 14% interest rate (while always 100% of the time failing to mention their purchase price)

Lather, rinse, repeat every 2 weeks

Well, indeed.

Don’t blame me for that shite.

My progeny are just fine and right-thinking.

But, you are correct- we do have a problem in that regard.

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I was hoping to sale my home

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Come on man.

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I’m not “blaming” you, but when your response to a problem is “well, my kids are fine” or “young people are just pussies,” you are making the problem worse, not better.

One person can’t fix the problem, clearly. But when you have a large subset of the population (that generally control the assets of this country) acting like the problem doesn’t exist, it’s never going to get fixed.

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BINGO