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

I like it. Jack them frickers up.

Straw man. That's already baked in.

I stopped here. You're clearly too disingenuous to engage in an honest discussion about the cost of housing in the US with.

The only other alternative is you are too stupid to do so.

I haven't interacted with you enough to figure it out.

Either way you have confirmed my original position about your posting in general.

best of luck finding somebody else willing to waste their time on you.

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What TF does the solid middle and upper middle class get?

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Not homeownership. That’s the point.

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When something swings in our favor we have to feel friken guilty by the people with the hands out? Why is that?

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No one said you had to feel guilty about it. Just understand what you’re celebrating. We will be among the last to own homes if things continue.

They told you what the future looked like. You will own nothing and you will be happy. This is part of that. They want to continue to artificially inflate the market to price out the middle class while simultaneously consolidating as much of the market as they can.

I think you and others are being very shortsighted about this.

I’m starting to think that Donald might not care about Republicans swimming after he’s gone

Accusing his base of TDS is demonstrative of how pointless that term has become.

You have TDSS.

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What has been implemented to manipulate the cost of housing?

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Primarily interest rates, but plenty of other tax policies like eliminating capital gains on sales for most home sales, mortgage deduction, like-kind exchanges, etc.

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Price has increase by a factor of 7. In 1980 the median home was 65K and the avg int rate was 13.5%. Today the median home price is 360K-440K. Lets say 420K and the average interest rate is 6%. The median home is up a factor of 6.46 and the interest rate is half

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Median housing price has value but doesn't address the specific issue being discussed by the upset (especially younger, non-Leftists who were MAGA but are becoming disenfranchised), which is the cost of desirable housing.

This is the same situation as the "illegals are going to open up supply" argument. Yeah they're going to open up supply of lower-cost homes in undesirable areas/ghettos, typically away from population/economic centers. You think the young professionals who make good money but can't afford housing in desirable areas are going to flood the barrios?

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Has the government been manipulating the cost of trucks too?

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Uh..the same interest rate manipulation exists with autos, and the environmental regulations have caused a sharp increase in the cost of autos. So yeah, tons of government manipulation there, too.

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IF those rates are artificially low, where should the be?

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That's a difficult question after 15+ years of artificially low rates more often than not specifically to prop up housing. Logically, we would need to increase interest rates higher than that Platonic ideal to counter the impact, for a period of time at least.

As we can see in this thread, that would clearly be an unpopular policy.

It's pretty clear that lowering interest rates would do nothing to help with the problem of artificially high/unaffordable housing. I hope we all can agree with that.

I hope we can also all agree that silly Gen X and boomer comments like "give up your coffee and avocado toast" are completely unproductive and irrational in the discussion. Or the comments that imply being able to see housing price are inflated involves some sort of envy/jealousy on the part of the observer. Housing is most inflated in areas like California and New York and I have no interest in moving to either. Being able to observe the issue doesn't require personal investment (now the opposite is tougher, but that's another discussion)

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The fact is people have most of their wealth tied up in their homes

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*most stupid people

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most stupid people

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So ppl who have their homes paid off and dont leverage that equity are stupid?

I agree

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Why are you not bitching about the cost of vehicles then? Why is it so hard to understand that prices rise over time due to inflation?

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Market experts have been predicting an auto industry "adjustment" for six months and the signs are there that it's already begun. Vehicle price increases beat inflation rates like a red-headed step child the last few years.