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Posted on 9/16/26 at 1:21 pm to roadGator
quote:
It’s a deflection technique.
As is ignoring that inflation, the fed rate, and housing prices are all just fine. Below historical averages.
The numbers are the numbers.
This post was edited on 9/16/26 at 1:22 pm
Posted on 9/16/26 at 1:22 pm to Lsut81
quote:
Now do cost of housing compared to 50yr average.
1976 - Adjusted for inflation was 276k
2026 - 398k
So paying over 100k more for the average home with mortgage rates similar
Now let's adjust that to price per square foot to truly compare apples to apples.
Average home in 1976 was ~1,500sqft, making that $184 per square foot.
Average home today is ~2.100sqft, making that $189 per square foot.
Posted on 9/16/26 at 1:22 pm to Mo Jeaux
I hate to break it to you but you and your disgruntled housewives get real excited over bad news pertaining to Trump. It’s quite entertaining watching “conservatives” cheer on the demise of the nation because you dislike Trump.
Posted on 9/16/26 at 1:22 pm to Rip Torner
quote:
Imagine cheering higher interest rates for Americans who didn’t create the debt?
Wut? You think this is only about the national debt?
quote:
it will have no impact on me whatsoever but I do understand the impact it will have on young Americans who are trying to buy a house or have credit card debt
What if I told you that in the long term this pain is a necessary evil? Want house prices to come down? This is the way.
quote:
all so you can get cheaper investment properties, amirite? So brave
I have bid on repo houses since 2003 when I first started and have actually managed repo houses since the crash of 2008, so trust me when I tell you what I am about to say.
Newsflash...people lose houses no matter how good or bad the housing market is.
This will have zero impact on my ability to buy. I actually just lost a bid on a property at sheriff's sale today, sadly :( The bank bought it back for nearly the full writ amount, which is more than the property is worth when adding in the needed repairs.
Now, will my management business be busier than normal if the RE market is shite? Yes. Do I need it? No. Do I want it? As I said yesterday, I would rather a balanced economy.
Posted on 9/16/26 at 1:23 pm to BBONDS25
What is being deflected from?
No in is cheering. I don’t understand your angle.
No in is cheering. I don’t understand your angle.
Posted on 9/16/26 at 1:23 pm to BBONDS25
quote:
The fed rate is still nearly a full point under the 50 year average dummy.
Call me crazy but I don't think the majority of today's voters are going to take that into consideration.
Posted on 9/16/26 at 1:24 pm to Rip Torner
quote:
I hate to break it to you but you and your disgruntled housewives get real excited over bad news pertaining to Trump. It’s quite entertaining watching “conservatives” cheer on the demise of the nation because you dislike Trump.
Good lord. Posted on 9/16/26 at 1:24 pm to Lsut81
This is the same stupid mistake the Fed took back in 1973, when the Fed tried exactly this. They tightened into an oil shock expecting to look tough on inflation, and got a recession stacked on double-digit inflation instead. We already have an oil shock problem and these idiots are going to compound the problem by raising rates all that does is create a second man-made problem by raising borrowing costs on top of the high energy prices.
Posted on 9/16/26 at 1:25 pm to Bard
quote:
Average home in 1976 was ~1,500sqft, making that $184 per square foot.
Average home size in 76 was closer to 1700/sqft according to the census bureau.
So it's about 162/sqft in 1976. ~15% lower than today.
This post was edited on 9/16/26 at 1:27 pm
Posted on 9/16/26 at 1:25 pm to Lsut81
Good. Inflation has been kicking people's asses way more than a loan rate.
Posted on 9/16/26 at 1:26 pm to roadGator
quote:
What is being deflected from? No in is cheering. I don’t understand your angle.
I don’t have an angle. I’m simply pointing out the fact that inflation, the fed rate, and housing are all just fine. Below historical averages, in fact. So all of this pearl
Clutching is just histrionics based in ignorance.
Posted on 9/16/26 at 1:26 pm to BBONDS25
quote:
He stated inflation was high. I posted the fact that it is not high.
It is high though. I've only been earning and spending money for like 25 years. The average inflation rate over the last 25 years is 2.54%. It's currently at 3.4%.
Why is 50 years the magic number?
The inflation rate over the last 100 years is 3.02%
Posted on 9/16/26 at 1:27 pm to JohnnyKilroy
quote:
So it's about 162/sqft in 1976. ~15% lower than today.
Now index for inflation back to 1976 and tell us how mean ole orange man ruined housing.
This post was edited on 9/16/26 at 1:27 pm
Posted on 9/16/26 at 1:28 pm to Lsut81
Another L for Trump
Dems just probably picked up a few more seats
Dems just probably picked up a few more seats
Posted on 9/16/26 at 1:28 pm to BBONDS25
Will voters consider the last 50 years?
I’m no election consultant but I don’t think I’d recommend mailing a flyer with “but it’s lower than the 50 year average.
But maybe it will work.
I’m no election consultant but I don’t think I’d recommend mailing a flyer with “but it’s lower than the 50 year average.
But maybe it will work.
Posted on 9/16/26 at 1:29 pm to Mo Jeaux
quote:
This was fully expected, other than by a group of retards on this board who have their heads buried in the sand about the war with Iran and energy prices.
"Those who cannot remember the past are condemned to repeat it" and the idiots at the Federal Reserve didn't go back and look at what took place in 1973.
Posted on 9/16/26 at 1:29 pm to stout
That’s a lot of words for admitting I am correct. This will do nothing to correct the housing market and neither would raising rates by 5 points. The housing market is an investment for most Americans, right or wrong much of their worth is tied up in it. Housing values are never decreasing so the only thing higher rates will accomplish is further locking out of the market potential buyers, nothing more. Lowering rates would allow more potential buyers the opportunity to possibly afford a house, especially young buyers. Higher rates will not stimulate economic growth either, so again why are you cheering the demise of the nation just so you can buy cheaper investment properties?
Posted on 9/16/26 at 1:29 pm to Rip Torner
quote:
Explain in detail how this will improve the housing market and make it more affordable. This should be good!
Home builders have already been offering incentives up to $60K per house just to move inventory
On the used home market, despite a lot of people having low rates and currently being frozen in their property, life still happens. People get sick, divorced, new jobs, etc and have to move. Unless they want to carry two mortgages or become landlords, they will be forced to slash their asking price.
We currently have the largest gap in history of sellers vs buyers. It was around 58% last week. The only way to fix that is for prices to go down. Everyone is still priced like interest rates for new buyers are still 3%
There's a lot more but you are being obtuse or in over your head if you can't understand how basic supply and demand functions and what that does to pricing.
The market always sorts itself out. I've been in RE since 2001, so I have seen the ups and downs, and that's been true for the past 25 years.
Posted on 9/16/26 at 1:29 pm to Lsut81
quote:
All of the underlying data they cited is great, its the inflation driven by gas and diesel prices.
All because our govt can’t get Israel cock out of its mouth
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