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Started By
Message
re: Crowder with Reasonable Fix to Housing Affordability
Posted on 12/11/25 at 12:38 pm to GetmorewithLes
Posted on 12/11/25 at 12:38 pm to GetmorewithLes
quote:
We live in a capitalist society
Capitalist in name only. We have a government that picks winners and losers. What else explains how every Congressman somehow becomes an expert investor...
0
Posted on 12/11/25 at 12:41 pm to GetmorewithLes
quote:
The is no affordability issue. We live in a capitalist society
Uh...the bubble ain't from capitalism my dude.
Removing government influences propping up these values and returning to capitalism will pop that bubble. Hard.
Hence why the words you quoted include "real market forces"
Posted on 12/11/25 at 1:21 pm to 50_Tiger
I like some of them, but lots of his recommendations are unconstitutional as they are not federal powers.They are also easy to work around.
This post was edited on 12/11/25 at 1:22 pm
Posted on 12/11/25 at 1:24 pm to SlowFlowPro
quote:
What we need is real market forces to let the bubble pop and the housing valuation insanity to pop.
So Blackstone can buy more housing for less money? I'm sure that will help tremendously
This post was edited on 12/11/25 at 1:25 pm
Posted on 12/11/25 at 1:35 pm to Thib-a-doe Tiger
quote:
So Blackstone can buy more housing for less money?
No. The opposite will happen.
Those big investors started getting out of the market years ago when values were dropping. They only got in as artificial price increases occurred.
The ROI is worse and risk increases dramatically with a real market and they don't want to be a part of that.
Posted on 12/11/25 at 1:54 pm to RollTide4547
quote:I agree. The whining and complaining isn't a good look. Nobody in this forum made the economic decisions that put us where we are, today, so I don't see the purpose of making it so personal with a wide sweeping brush.
Continue whining and complaining. Doesn't bother me. When you grow up and figure out that the source of all your problems are the decisions that the SOB looking back at you in the mirror made you'll understand.
Like you, I started even smaller. Purchased a mobile home and was able to save and sell that after a few years and had enough to put a down payment on a fixer upper. Sold that and purchased another on bank foreclosure sale that I made good gains on when I sold. Then purchased a larger place. Fixed it up, sold it and rolled profits into my current home 25 years ago. Based on current valuation, it was gone up in value an average of 3.2% a year, while my investments have grown an average of nearly 13% a year over the same time period, so a house is definitely NOT an investment vehicle, but should grow in value over time.
The real problem is labor cost and land cost has gone sky high. They don't make land. Get some if you can.
This post was edited on 12/11/25 at 1:55 pm
Posted on 12/11/25 at 2:16 pm to SlowFlowPro
quote:
Basically. A lot of "conservatives" and libertarians are very dumb
I thought a tenet of "conservatism" was that people should be responsible for their mistakes and bad choices.
Modern conservatives want other people to suffer for their bad choices, and want the government to bail them out the second they have to suffer theirs.
There’s almost no true conservatives left in the country.
Also the majority of the “housing shortage” was created by the Fed when they dropped interest rates to zero during a global pandemic. Pretty much every affordable house I saw for sale in 2021-2022 was immediately purchased and put on the market as a rental. The Fed created the problem, and there’s really nothing that can feasibly fix it. Pure insanity.
This post was edited on 12/11/25 at 2:22 pm
Posted on 12/11/25 at 3:23 pm to SDVTiger
quote:
Basically. A lot of "conservatives" and libertarians are very dumb
This perception my have more to do with the quality of people you associate with than their political/economic inclinations...
Posted on 12/11/25 at 3:45 pm to SlowFlowPro
quote:
You're just making my point for me
Your point is,
If you've been successful, screw you, you should lose most if not all of what you have attained because other have been less successful.
That's a brilliant point. You should run for office.
This post was edited on 12/11/25 at 3:52 pm
Posted on 12/11/25 at 3:59 pm to Buryl
quote:Allowing 20+Million illegal criminal invaders into the country doubled or more the demand for houses as well.
Also the majority of the “housing shortage” was created by the Fed when they dropped interest rates to zero during a global pandemic. Pretty much every affordable house I saw for sale in 2021-2022 was immediately purchased and put on the market as a rental. The Fed created the problem, and there’s really nothing that can feasibly fix it. Pure insanity.
Posted on 12/11/25 at 4:02 pm to 50_Tiger
-Build the shite out of multi-unit housing, flood those markets with supply.
-Keep the single-family house as a relatively scarce asset, a great long term investment.
Owners of average apartments, condos etc will take a bath. If it's luxury and/or great location it will be fine.
-Keep the single-family house as a relatively scarce asset, a great long term investment.
Owners of average apartments, condos etc will take a bath. If it's luxury and/or great location it will be fine.
Posted on 12/11/25 at 4:19 pm to RollTide4547
quote:
In 1981 the median home price was 69K, the Avg Int rate that year was 16.64%, median family income was 22400. Mortgage payment (on 100% of price) would have been 962 which was 51.57% of the median monthly income.
In 2024 the median home price is 400K, avg int rate is 6.8%, median family income is 90K. Mortgage payment (on 100% of price) is 2607 which is 34.77% of the median monthly income.
check insurance rates and property taxes now vs. then, add to calculation.
Or are you saying that those prices are caked into the mortgage payment numbers you provided?
Posted on 12/11/25 at 4:52 pm to RollTide4547
quote:
You're not entitled to own your dream home in your dream location you gotta earn that.
Crowder addressed making starter homes more affordable in safer areas. He has also told people to move out of the cities and drive further to work if you have to to afford a home.
He isn't talking about dream homes. That's just a knee-jerk reaction.
Posted on 12/11/25 at 4:55 pm to gaetti15
quote:Just principal and interest.
Or are you saying that those prices are caked into the mortgage payment numbers you provided?
Not saying everything hasn't gone up. Just saying that Principal and interest in 1981 was 51.57% of monthly gross and in 2024 it is 34.7%. Insurance and taxes had to be paid in both situations. Today you have 17% of your monthly income to use for insurance and taxes that those in 1981 did not have.
Posted on 12/11/25 at 4:59 pm to RollTide4547
quote:
17% of your monthly income to use for insurance and taxes that those in 1981 did not have.
yeah that's a lot of money that only continues to go higher.
Posted on 12/11/25 at 5:07 pm to gaetti15
quote:Not sure what your point is here.
yeah that's a lot of money that only continues to go higher.
I don't know how much taxes and insurance were in 1981. Do know that 90K a year is 7500 a month. 17% of 7500 a month is 1275 before taxes. My home owners is 1800 a year or 150 a month. My property taxes in the county is about 900 or so. Both together would be 225 a month. Far less than 1275.
Posted on 12/11/25 at 5:13 pm to back9Tiger
quote:
Agreed, but needs to be better than 7%
That’s actually around the historical average.
And if you get lower rates, guess what happens to home prices?
Posted on 12/11/25 at 5:23 pm to 50_Tiger
Much simpler solution. Get government money out of housing. Subsidizing Section 8 and subsidizing building of multifamily complexes has driven costs up. Get government out of it and let the true market seek leveling on its own. Also, as is being proposed in Florida, taxes shite out of people that own multiple homes or simply investment homes.
Posted on 12/11/25 at 7:40 pm to RollTide4547
quote:
My home owners is 1800 a year or 150 a month
frick I wish. Mines 4K
You live in the boonies in a shack baw?
Also my property taxes blow yours out the water too.
I live in northern coastal MS above i10 in a no flood zone (i.e. not in a liberal shithole)
The point is yeah shite cost more. Your numbers dont play out till the end all things equal because wages havent followed tge costs in a quick minute
This post was edited on 12/11/25 at 7:44 pm
Posted on 12/11/25 at 8:28 pm to RollTide4547
Median sale price is around 5.5 times the household income today.
In 1981, it was about 3 times household income. The interest rate was brutal, but larger down payment off the principal was much easier.
In 1981, it was about 3 times household income. The interest rate was brutal, but larger down payment off the principal was much easier.
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