re: Monthly mortgage payment based on a median existing home is now at a record $2,322

And they want to be managers too.

Umm, they are apartments in the ghetto, not even houses

Here is an actual HOUSE for 150k in Houston. Real nice

That is a fake metric. It is not an average of all current mortgages, instead it is a calculation on the payment based on the median existing home price. It is basically just the median existing home price.

Yes, we know this already, Stout.

quote:

---

I dont think so at all. It is 'there are good times and bad times, if you are responsible, disciplined and a little bit driven you can live a very full and fun life in spite of crappy economic times that will always come and go"

---

Yet when the younger people complain that it’s one of the worst times, the older generation who had it easier and already made it looks at them and says quit complaining.

You are gonna get shot

quote:

---

Yet when the younger people complain that it’s one of the worst times, the older generation who had it easier and already made it looks at them and says quit complaining.

---

One seems to read things with a slant that is not there. Would it be better to get a 4% mortgage v a 7% mortgage? Of course. BUt an entire picture of 1 trillion dollars in credit card debt, many younger people not in workforce or underemployed, the ones buying houses seemingly not being responsible...it kinda paints a picture of a lack of financial prudence.

quote:

---

Great.

Setting us up for another mortgage crash. Hello 2009.

---

Like I said, she see things like that all the time. And even though national the housing market is tending down, her office is still busy. It’s not like it was last year, but they’re still busy. It’s like the banks didn’t learn anything from when the housing bubble burst.

quote:

---

That is a fake metric. It is not an average of all current mortgages, instead it is a calculation on the payment based on the median existing home price. It is basically just the median existing home price.

Yes, we know this already, Stout.

---

That's exactly what he described in the title.

And it is a measure of how affordable the housing market is, which is certainly a relevant metric for aspiring home buyers.

quote:

---

So they want a $360K house that I bought at 33 when they are 24? Got it.

---

No, young people want a sub 2000 sqft starter home in an area where they don’t have to worry about getting mugged at night.

When you were buying at that age something like that cost you maybe 200k. Today it’s over 300k.

There is a reason you keep getting downvoted, and it isn’t because there are a bunch of zoomers on the OT. You are just on the wrong side of this topic.

quote:

---

Umm, they are apartments in the ghetto, not even houses

Here is an actual HOUSE for 150k in Houston. Real nice

---

And they are 2k a month lol this guy!