re: Here’s how and why our kids can’t buy a house. Thanks Obama.

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His point was that Trump didn't stop this

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Tell me how we can continue functioning as a nation without printing more money, when the interest on our national debt is astronomical and our entitlements are through the roof?

If houses are unaffordable, then who’s buying them to maintain the price level? Investors? So who are they selling them to so that they can realize their return on investment?

This reminds me of a commie bitch I knew in college who now lives in NYC. Bitching because her rent was getting too high on an apartment that wasn’t worth it. Of course, my response was that her rent was too low if someone else was willing to pay more.

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except the market's up inflation is down and available home inventory is up

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Yes and due to other factors (including the Fed lowering rates too low during Covid), the prices haven't fallen like they should. We should be seeing a massive reduction in prices of homes, which is what the market wants/needs.

And it's the relevant discussion in a thread about the affordability of housing, which this thread is.

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and you're still not a lawyer!

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Incorrect.

My 24yo daughter is struggling to pay rent in Nashville and she makes close to $20 an hour. I feel bad for her.

The first house I bought in Nashville was $134k and I tossed and turned at night thinking I would never be able to afford the mortgage.

I know this area is an anomaly but it's sad how much starter homes in this city are now. We're talking 500k at a minimum for a 1800sf ranch.

That's really hard on young people and starting out no way I would have saved $100k to put down as 20%.

I guess that requirement is no longer a thing

There was a time not long ago when about a third of the home purchases in the Bay Area were cash from foreign countries. Throw in the residential property purchase from institutional investment firns (like black rock) and it isn’t hard to see why the “free market “ doesn’t work for the average American/ American family starting off.
There is a reason many countries outside of the US restrict/regulate foreign ownership

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Investors? So who are they selling them to so that they can realize their return on investment?

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I don't think that investors are really buying up much these days comparatively. Many of the big funds started losing their asses and the AirBNB bubble is bursting which is going to hurt.

You are not intelligent.

You have to back the root of that QE up just a bit to Clinton era when laws were passed allowing certain banking laws. That premise of every one should own a house with no money down and government helping purchase because they were impacted negatively because of color and credit. That opened the door for those loan packages grouped together and traded on wall street regardless of their true value. The hit I took with Bear Stearns on a Thursday afternoon just for them to be completely wiped out on a Saturday morning behind closed doors because of derivatives would have been retirement money for most people. The hidden deals in Clinton era boiled over after 10 years of scheming. They never ever should have bailed out those institutions just as the should cancel the charter of the FED

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while also deporting the very people who build homes, making labor even more expensive

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Did you think importing $20+ MILLION people in four years might have caused some increased demand in housing?

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They never ever should have bailed out those institutions

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TARP wasn't really a "bailout" and it was all paid back with interest.

I was against TARP, but that's not why housing prices are high today.