Posted by
Message
fareplay
Texas A&M Fan
Member since Nov 2012
3334 posts

If you promise me housing prices go down

I’ll vote republican for life


MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
7980 posts

That's not how this works, simp


Replies (0)
Replies (0)
1074
GreatLakesTiger24
Junior College Fan
Central City
Member since May 2012
48701 posts
 Online 

i promise


fallguy_1978
LSU Fan
Best States #50
Member since Feb 2018
40594 posts
 Online 

They most likely will but rates will go up so it won't necessarily be better for you


VermilionTiger
Member since Dec 2012
35026 posts
 Online 

They will. But rates will negate that


funnystuff
Member since Nov 2012
7609 posts

There’s an easy political win available for whichever party acts to get Wall Street out of the single family housing unit market. Something close to a third of all new housing purchases are flowing their direction, and it’s creating a class of forever renters (by design).

Given that household ownership has historically been the number one way in which low/middle income households have created generational wealth, I’ll argue the pros of getting Wall Street out of this market far outweigh the cons.

If either party can actually accomplish that (big if), they’ll find themselves a huge influx of loyal voters for a long time
This post was edited on 6/7 at 7:59 am


Centinel
Alabama Fan
South Carolina...enroute to Idaho
Member since Sep 2016
41222 posts
 Online 

You'll own nothing, and you'll be happy.


LSUSUPERSTAR
USA Fan
TX
Member since Jan 2005
15413 posts

Newsflash, most Republicans are shite too.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
78396 posts
 Online 

Depends on where you.
Some places won't see a decrease at all. But their rate of increase will slow down.
Also interest rates going up is what will drive that, so not sure you're coming out ahead from a cash flow standpoint.
This post was edited on 6/7 at 8:03 am


fallguy_1978
LSU Fan
Best States #50
Member since Feb 2018
40594 posts
 Online 

quote:

They will. But rates will negate that

If you keep the house long term you can always refinance it if they go down in the future.

I almost hate to sell our current house with the 2.3% rate but I still most likely will in a few years. It's going to suck.


Replies (0)
Replies (0)
31
HoustonGumbeauxGuy
LSU Fan
Member since Jul 2011
24795 posts
 Online 

Housing prices are always up this time of year. It’s summertime and folks with kids try and move, with June being the preferred month.

This post was edited on 6/7 at 8:03 am


Replies (0)
Replies (0)
08
Hammond Tiger Fan
Vanderbilt Fan
Hammond
Member since Oct 2007
15916 posts

quote:

Newsflash, most Republicans are shite too.


Shhhhh, you can't tell them that. Just because they might do one or two things better than a Democrat, they can't do anything wrong.
This post was edited on 6/7 at 8:11 am


Replies (0)
Replies (0)
46
funnystuff
Member since Nov 2012
7609 posts

The difference is that last time all of the houses were purchased by workers who had incomes. So comparing average income to home purchase prices was a highly relevant metric. Now a huge swath of housing purchases are made by corporations who are not having any impact on the nationwide average income level. That is adding an external demand push which is disconnecting the historical trend of housing purchase prices being tied to average income levels.


We won’t have a pop as long as Wall Street keeps siphoning larger and larger chunks of this market. But given that we need them to stop freaking doing that, I’d rather we pull them out now and deal with the small pop that would ensue than let them continue for twenty years at which point we’ll have to choose between re-embracing too big to fail or the complete destruction of the US economy. With that potential on the horizon, a small pop today feels like the least bad outcome.


Replies (0)
Replies (0)
60
redstick13
US Space Force Fan
45 minutes SE of Thibodaux, LA
Member since Feb 2007
34326 posts

This post was edited on 6/7 at 8:12 am


Replies (0)
Replies (0)
40
PureBlood
USA Fan
The Motherland
Member since Oct 2021
1504 posts

quote:

fareplay


You're actually responsible by voting democrat.

Thanks you piece of shite.


funnystuff
Member since Nov 2012
7609 posts

This shtick doesn’t help


Replies (0)
Replies (0)
00
jrodLSUke
LSU Fan
Tigerdroppings Premium
Member since Jan 2011
19420 posts
 Online 

quote:

i promise

I’m glad that’s settled.


Replies (0)
Replies (0)
00
Hangover Haven
LSU Fan
Metry
Member since Oct 2013
21510 posts



Just like a good Dem, wants something for nothing…


Replies (0)
Replies (0)
54
LSUminati
Yale Fan
Member since Jan 2017
2512 posts

quote:

They most likely will but rates will go up so it won't necessarily be better for you

People say this a lot, but unless you’re planning to be in the house only around 5 years is it really worse? Principal will be constant over the long term but you can always refinance. Implied here is that people don’t think they will be in the house they buy long term, which begs the question why did you buy in the first place? A lot of buying just to buy and check the life checklist box going on.


go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
12504 posts
 Online 

quote:

I’ll argue the pros of getting Wall Street out of this market far outweigh the cons


And if you already own a home they are artificially inflating the value of your home, which is a positive for the 65% of Americans already owning a home..

One of the major issues is first time homebuyers think they are entitled to an amazing $300k home. That has never been the case with any prior generation. Many lived in apartments or townhomes or condos or $160k homes as their first time home. Expectations of young homebuyers is unreasonable.


first pageprev pagePage 1 of 4next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram