re: DJT - “I don’t want to drive housing prices down. I want to drive housing prices up.”

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How tf is that going to help a 23 year old fresh out of college buy a 1500sqft garden home for $260,000?

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You sound like socialists. Figure it out smart one

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Do you know how many people would be underwater on their loans at that point?


A ton

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If you want to push the economy into a depression worse than 2008 your plan is perfect.

This is that weird situation where we all know what the problem is, but we pretend that the people who took the unnecessary risk should be rewarded at the expense of the people who waited for the more rational opportunity.

I used to use this during the Obamacare discussions, but it applies here too. Why do you want to punish the people who made the right decision?

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I am a real estate investor and most of my homes would be fine. But the solution is not to depress the market, The fact is people need to make more money. Incomes need to rise, which is hard now with AI taking over. But the answer is not to tank the economy, that is suicidal.

There is a middle ground. Interest rates need to be much lower and refinance options have to be easier to obtain. We need to have targeted and more aggressive new homeowner programs that help first time owners. 50 year mortgages are lame, but they may be needed as an option. As an investor the answer is not kill the patient, but make tweaks and make it more robust.

Bankrupting the boomers (my parents) is not the answer.

Interest rates need to go down, what part of this do you people STILL not get?

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Maybe they should have saved for retirement instead of buying 4000 sq ft houses

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They have a 1900 square foot home. Try again

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Maybe they should have saved for retirement instead of buying 4000 sq ft houses

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The largest transfer of wealth, ever, will come from the boomer generation.

But hey, none of them saved a thing.

What he needs to do next is kill the property tax.

"How tf is that going to help a 23 year old fresh out of college buy a 1500sqft garden home for $260,000?"

I got dozens of unionized trades workers working for me who started in the trades out of HS. Got their higher education (2 years trade school paid for and got paid to sit in the classes to get it. 5 years later at 23 they're making 80K (100K with OT) with full benefits and pension. No student debt.

Marry a cute little nurse or teacher or office worker at 23 making $50k with no debt. They got no problem swinging what you list above. If interest rates were lower where they should be they could take a step up from your place.

Although we live in an area where that house is $175k because our state isn't insane.

Maybe consider your choices rather than deciding the world somehow owes you a XYZsq ft house at 23yo.

I got out of college at 23 too. My first house was at 28. It was 1150 sq ft.

You act like you're the first college grad in recorded history to be 23 and couldn't afford a house

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Next time you post something where you sound sure of your position I'll remember you're the guy who would cut off somebody's head to fix their toothache.

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The problem is your analogy doesn't work.

We know what the problem is and that's that houses are completely overpriced. Unless you can figure out a way to make wages raise in the same amount while keeping home values stagnated over the next 5 to 10 years, there isn't a better solution than letting the market take hold.

It's the rejection of the market and capitalism that has put us in this position. This is what happens with socialist policies. Things become expensive and the market becomes irrational

SFP 50% of the board is over 60 and the rest live in bumbfrick Egypt. You are not going to get them to understand.