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Posted on 7/26/25 at 7:40 am to IMSA_Fan
Oh, you conveniently leave out the 4 years of the interloper. He's been there 6 months, MENSA..
Posted on 7/26/25 at 7:40 am to CAD703X
quote:. Does she have roommates? Did she choose the newest apartment in an expensive neighborhood? A lot goes into this assertion.
My 24yo daughter is struggling to pay rent in Nashville and she makes close to $20 an hour. I feel bad for her.
Also, my daughter is 16 and makes $20/hr babysitting. What is your daughter’s line of work?
I’m not arguing that real estate isn’t expensive. I rode that elevator all the way up and have benefited tremendously. However, I also lived in a shite-arse neighborhood, with a stripped down Mazda and ate noodles for years. That’s what your 20s are supposed to look like.
This post was edited on 7/26/25 at 7:41 am
Posted on 7/26/25 at 7:41 am to IMSA_Fan
quote:
Inflation is not down
The inflation rate is way down. Under Biden it was running at 8% to 9%. It is now at less than 3%. So please explain how it “is not down”. Then explain price elasticity.
Posted on 7/26/25 at 7:43 am to ABearsFanNMS
It’s not down since Trump took office in Jan-25. He’s had nothing to do with it falling from 9ish to the mid-2s
Posted on 7/26/25 at 7:44 am to scottydoesntknow
quote:
There was a time in this country when being a "worker" still meant a house, 3 kids and 2 cars
One car.
Otherwise…you are correct.
Posted on 7/26/25 at 7:45 am to Geekboy
I'm definitely no fan of Obama, but to blame him is bullshite.
Posted on 7/26/25 at 7:45 am to IMSA_Fan
quote:
Tariffs are unconstitutional
quote:
Tariffs are unconstitutional
Just like inflation isnt down
Posted on 7/26/25 at 7:49 am to SDVTiger
Inflation is up MoM
Posted on 7/26/25 at 7:49 am to IMSA_Fan
quote:
It’s not down since Trump took office in Jan-25
quote:
Inflation is up MoM
quote:
Period / Measure Headline CPI Inflation Core CPI Inflation
Jan 2025 (Jan ’24 ? Jan ’25) 3.0% 3.3%
Jun 2025 (Jun ’24 ? Jun ’25)** 2.7% 2.9%
quote:
Inflation cooled from 3.0% in January to 2.7% by June.
Core inflation also softened slightly from 3.3% down to 2.9%.
This post was edited on 7/26/25 at 7:51 am
Posted on 7/26/25 at 7:51 am to SlowFlowPro
Paid back or not it was a bail out for their own mistakes, and they were not stupid mistakes as they had to know that hammer would drop. They hid the bad loans among good ones when selling them. It wasn’t a so much question of not doing due diligence for investors when the banks were blatantly dishonest. And here they are again that everyone should own a home regardless of abilities to pay off debt
Posted on 7/26/25 at 7:51 am to IMSA_Fan
You should refrain from posting until you educate yourself.
Posted on 7/26/25 at 7:52 am to IMSA_Fan
quote:
It’s not down since Trump took office in Jan-25. He’s had nothing to do with it falling from 9ish to the mid-2s
Damn you are easily brainwashed. Run along little comrade!
Posted on 7/26/25 at 7:55 am to IMSA_Fan
quote:Let's look at this from a long term approach from the past. So maybe building costs have been kept artificially low because of the shite ton of illegal labor that's been allowed into our country for years now.
Point out the flaws in my logic. 95% of the people that build homes around me are Latino. What has Trump done to lower housing prices in his 4.5 years in office.
Posted on 7/26/25 at 7:55 am to SDVTiger
Touché - it’s down 10 bps since, Feb-25, Trump’s first month in office and currently heading in the wrong durection
Posted on 7/26/25 at 7:59 am to Diamondawg
quote:
So maybe building costs have been kept artificially low because of the shite ton of illegal labor that's been allowed into our country for years now.
That's going to be an issue with a nation of over-price homes and high interest rates
Posted on 7/26/25 at 7:59 am to IMSA_Fan
How is it heading in the wrong direction?
Its obvious you have no idea what the frick you are talking about
Its obvious you have no idea what the frick you are talking about
Posted on 7/26/25 at 8:01 am to IMSA_Fan
Well boy wonder, the very people who wrote the Constitution used tariffs as the main source of tax revenue, really throws a wrench into the whole “unconstitutional” argument. Flooding the nation with illegal immigrants isn’t exactly enforcing the laws you so passionately defend and by the way driving up treasury yields is one of the key strategies in lowering interest rates. So, in a nutshell you are a child
Posted on 7/26/25 at 8:11 am to jimmy the leg
quote:
quote:There was a time in this country when being a "worker" still meant a house, 3 kids and 2 cars One car. Otherwise…you are correct.
I dont think people really conceptualize the world young people live in today. The deck is stacked so far against young folks. Dating has been destroyed by social media and the full steam push to have women thrust into the full-time workforce. Inflation has wrecked buying power and its feast or famine in the job market.
The job market necessitates ingenuity and entrepreneurship...but parents, teachers, counselors are still telling kids to go into massive debt and get college degrees.
A job today...could be something technology can do by itself tomorrow(or a decade from now for you semantics literalists)
Kids are applying for hundreds of jobs and hearing nothing. We are telling kids "sorry about the 50k in student debt for your worthless degree...but you should suck it up and go to trade school now"
I dont think Boomers and Xers comprehend the anger and frustration of young people now...especially young men
Posted on 7/26/25 at 8:12 am to Geekboy
quote:Affordability today is a problem. No question. But the problem is more recent than 2008.
Here’s how and why our kids can’t buy a house
Kids can't buy a house today because during covid, as the attractiveness of urban socialization dried up, demand for suburban home ownership began to escalate. That trend has continued, driving home prices up.
At the same time horrendous supply chain management during the Biden years sent inflation (and home loan interest rates) soaring. Loan rates remain higher than at any point 20 years prior to Biden's term
It is the combination of high rates AND high prices that makes it so hard on home buyers today. If either were lower, buyers would have a much easier go of it.
Here's a breakdown from another thread:
quote:So IMO, the Trump-Biden transition was the real threshold
In 1991, median home prices were ~$78K
Rates for 30yr loans were ~10%. Median Income was ~$30K/yr (~$2500/m). So monthly financing ran ~$615/m or about 25% of the $2500/m
In 2021, median home prices were ~$347K (massively up, 17% Y2Y over 2020). Rates for 30yr loans were ~3.1%. Median Income was ~$72K/yr (~$6K/m) So monthly financing ran ~$1350/m or about 22% of the $6000/m
Now to be clear, that 2021 home was much, much nicer than it's 1991 counterpart. Median home size in 1991 was 1400sqft vs 2530sqft in 2021. Appointments were likewise far better in the median 2021 home.
So in 2021 you could buy a far nicer home than folks in 1991 at a slightly lower monthly cost relative to salary.
This post was edited on 7/26/25 at 8:17 am
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