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re: DJT - “I don’t want to drive housing prices down. I want to drive housing prices up.”
Posted on 1/29/26 at 4:30 pm to aubie101
Posted on 1/29/26 at 4:30 pm to aubie101
quote:
They have a 1900 square foot home. Try again
I don’t really blame boomers for not selling because downsizing isn’t going to save them money.
0
Posted on 1/29/26 at 4:31 pm to CleverUserName
quote:
Not the millions of homeowners in the US
230 million. Less than 37% of that number is under the age of 40.
You don’t see a problem with that?
Posted on 1/29/26 at 4:32 pm to TigahJay
quote:
He doesn’t want prices to be low for young people who “didn’t work very hard.” Boomers who bought their houses for 50k can’t take an equity hit!
I don’t think anyone who owns a home, no matter the generation, wants to lose equity.
Posted on 1/29/26 at 4:34 pm to Jugbow
quote:
Do you not own a home, what specifically are your concerns?
Maybe, some day, he wants to own a home?
Posted on 1/29/26 at 4:36 pm to TigahJay
Trump should make it so that people can use their homestead house as part of their Roth.
Buyers can purchase a home and designated it as a Roth. They would get a % rebate on their income tax equal to their tax rate on the sum of the payments made.
When they sell the house, the profits have to stay in the Roth, and they have to start fresh if they buy another house.
The win win here is that more people will have an investment fund and not rely on SSN and govt., and with the rebate they can build that investment funds much faster.
People will start seeing their homes as an investment they own and not "paying rent to the bank".
Buyers can purchase a home and designated it as a Roth. They would get a % rebate on their income tax equal to their tax rate on the sum of the payments made.
When they sell the house, the profits have to stay in the Roth, and they have to start fresh if they buy another house.
The win win here is that more people will have an investment fund and not rely on SSN and govt., and with the rebate they can build that investment funds much faster.
People will start seeing their homes as an investment they own and not "paying rent to the bank".
This post was edited on 1/29/26 at 4:50 pm
Posted on 1/29/26 at 4:36 pm to RollTide4547
quote:
What a stupid friggin moron you are. The idea behind the 50 year mortgage is to qualify for the loan. When I got all of my mortgages, the bank looked at our total gross monthly income. Then calculated that our total loan payments could be 40% of that. A couple making 10k a month could have a max of 4K in payments. IF that couple has 2 car payments totaling 1K, 2 student loans totaling 800 and credit cards totaling 300. That's 2100 right there. So the maximum 30 year mortgage payment they could qualify for is 1900 (principal and interest). A 350K mortgage at 6% (principal and interest) for 30 years has a payment of $2098. The couple could not qualify. That same home/interest rate on a 50 year mortgage would be 1842 and the couple could qualify. Once they lock in the price of the home, any increase in the home value is then equity. If the 350K home goes up 4% a year, they are getting 14K plus in equity. In 5 years they'd have 80K or in equity toward the purchase of another home. Something they'd be hard pressed to do simply saving. If the couple pays the 2098 payment, then the loan will pay off in 30 years instead of 50. ANYONE who pays the minimum payment on a mortgage, if they can pay more is stupid.
Lol. Politard math and personal finance 101.
Posted on 1/29/26 at 4:37 pm to Cuz413
quote:So what do you do? The fact is people have most of their wealth tied up in their homes. So people like you believe pulling the rug is the solution?
I'm in my 50s and own my home. But that doesn't stop me from seeing how over inflated home prices are. There are no starter homes now. People are staying in their homes and not moving up. Do you think it's a coincidence there's over a trillion dollars in consumer credit card debt?
Lower interest to 1-2.9 %
That move in itself would open up new chances for young people.
2,352.37 payment for 400,000 home at 6.153
1,606.65 Payment @ 2.9 percent.
The solution is not hard. Lower interest and homes become affordable without killing a large chunk of society.
This post was edited on 1/29/26 at 4:38 pm
Posted on 1/29/26 at 4:38 pm to lurking
quote:
You don’t see a problem with that?
Well they can take the money they were gifted for tens of thousands of student loan forgiveness and it's a wash.
Because I saw a huge problem with that and the same people crying now didn't.
So let's get this straight. Since I paid my student loans off to buy a home.... I should root for my home price to stay low so the people who got thousands of loan forgiveness, that I didn't get, and from taxes I pay (essentially paying the loans twice) can get a cheaper home? To my detriment?
In what world is that a friken good thing for people like me?
Some damn body else is going to have to start shouldering some load.
This post was edited on 1/29/26 at 4:40 pm
Posted on 1/29/26 at 4:38 pm to TigahJay
Stopping illegal immigration and deportations puts downward pressure on housing prices. Lowering interest rates puts upward pressure on housing prices. The president need to run the government in ways that make overall sense and let the housing chips fall where they will.
The big issue with housing prices is that in the places young people want to be - cities - there is not enough inventory and regulatory environments that make it tough to build houses. The president can’t fix this; it’s the local government that has to do it.
The big issue with housing prices is that in the places young people want to be - cities - there is not enough inventory and regulatory environments that make it tough to build houses. The president can’t fix this; it’s the local government that has to do it.
Posted on 1/29/26 at 4:40 pm to CleverUserName
Guess what’s going to happenSLOWLY to home supply and pricing naturally as huge population boomers die off leaving homes behind and generations behind are getting smaller and smaller people wise ……
Supply will go up relative to demand.
But ….. muh there’s a bubble. 25%. Gotta pop it.
Supply will go up relative to demand.
But ….. muh there’s a bubble. 25%. Gotta pop it.
Posted on 1/29/26 at 4:42 pm to jammajin
quote:
Guess what’s going to happenSLOWLY to home supply and pricing naturally as huge population boomers die off leaving homes behind and generations behind are getting smaller and smaller people wise ……
Supply will go up relative to demand.
But ….. muh there’s a bubble. 25%. Gotta pop it.
They won't allow it. They will flood the country to maintain the pyramid scheme.
Posted on 1/29/26 at 5:01 pm to HouseMom
quote:
This was in the early 2000's. None of us even considered being able to buy a whole house at first.
Im from close to the same era. Purchased my first "condo" for 175k @750 sf, and it wasn't easy to make it work. Sucked it up, value went up, area improved so I sold it. 2nd was 225k @1100sf, then my first house(after selling that one) for about 250k. Im 30 at that point it was a paltry 1750 sf home in an ok neighborhood. It worked. It was in my range, and when I sold it 5 years later I was able to buy the 3000sf home on 5 acres I currently live in now.
These people ditching grow up in 2500-5000 sf homes.
They see a degree as some sort of boon that entitles them to the exact same lifestyle they enjoyed growing up.
My kids are under no such delusion.
They know education is simply a tool to use , and success (or failure) takes a lifetime of choices
You live, you build equity, you increase income over time, and you can upgrade.
Its always about needs vs wants. Do I want a room in my house that has 35 gold bars, several exotic weapons, and a theater system behind a vaulted door that can hold up to an rig? Sure... do i need it? Absolutley not.
To add i was only driving 4-8 year old shot boxes till a few years ago and typically keep a phone 5 years.
The easte and unwarranted entitlement when it comes to housing is both hallarious, and horrifying.
Posted on 1/29/26 at 5:11 pm to jammajin
quote:
account for the millions occupying existing housing (rented or owned) on the taxpayer dime thereby driving up demand in the face of lack of supply
This is an interesting topic not really discussed much when considering housing supply. There is a ton of federal grant money doled out across the country to give people money for down payments.
Not to mention section 8 and other vouchers, I see the government driving up home prices in the same way government-backed student loans drive up tuition.
Posted on 1/29/26 at 5:18 pm to Usmc
quote:
They see a degree as some sort of boon that entitles them to the exact same lifestyle they enjoyed growing up.
I completely agree with this. Our first house was a little under 1350 square feet with Formica counters and a 7% interest rate. We majorly budgeted to be able to afford it. I specifically remember really wanting HBO but we decided it was too expensive. We quite literally socialized with cheap beer and pizza with our friends on the front porch.
Posted on 1/29/26 at 5:25 pm to HouseMom
c not really discussed much when considering housing supply
it's not discussed for the same reason paying for their medical costs, and all the other things aren't discussed. For the same reason we were told the border was secure when 1000s were pouring across everyday.
Remember when Dems had "bipartisan" support for a border deal that included putting things in place when average crossings were like 4000 per day.......
It not discussed because the Dem party wants power and believes the way to do it is to import millions of illegals and pay them to live here while lying that thats what they are doing.
And then to fight tooth and nail when you try to remove those who are here illegally.
But SloFlo wants to pretend that addressing all this free housing isn't going to have any impact on the cost of housing for those that actually have to pay for it themselves.
it's not discussed for the same reason paying for their medical costs, and all the other things aren't discussed. For the same reason we were told the border was secure when 1000s were pouring across everyday.
Remember when Dems had "bipartisan" support for a border deal that included putting things in place when average crossings were like 4000 per day.......
It not discussed because the Dem party wants power and believes the way to do it is to import millions of illegals and pay them to live here while lying that thats what they are doing.
And then to fight tooth and nail when you try to remove those who are here illegally.
But SloFlo wants to pretend that addressing all this free housing isn't going to have any impact on the cost of housing for those that actually have to pay for it themselves.
Posted on 1/29/26 at 5:26 pm to CleverUserName
quote:
Well they can take the money they were gifted for tens of thousands of student loan forgiveness and it's a wash.
It’s not a wash and a separate issue entirely. I didn’t agree with loan forgiveness, either.
quote:
In what world is that a friken good thing for people like me?
The world in which your equity isn’t artificially inflated by immigration and private equity. The bubble will burst eventually and when it does, government will have your affordable housing ready for you.
But at least you got to brag to the neighbors about how much your house was worth that one time.
Posted on 1/29/26 at 5:26 pm to TigahJay
quote:
DJT - “I don’t want to drive housing prices down. I want to drive housing prices up.”
This is great news.
Posted on 1/29/26 at 5:27 pm to lurking
quote:
230 million. Less than 37% of that number is under the age of 40.
You don’t see a problem with that?
How could anyone see a problem with that?
Posted on 1/29/26 at 5:28 pm to TigahJay
This is exactly what I voted for 
Posted on 1/29/26 at 5:33 pm to Veritas
What?! Are you retarded? Or a child?
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