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Started By
Message
re: Here’s how and why our kids can’t buy a house. Thanks Obama.
Posted on 7/26/25 at 10:51 am to Diamondawg
Posted on 7/26/25 at 10:51 am to Diamondawg
quote:
So Biden didn't happen?
Sure. But the CARES Act had the keys to the kingdom. Joe just kept the door open for another year.
But I expect free shite from Democrats.
1
Posted on 7/26/25 at 10:51 am to Geekboy
Our “kids” are buying homes. This housing doomsday nonsense is so tiring and filled with hyperbole.
Posted on 7/26/25 at 10:54 am to RogerTheShrubber
I get you hate Trump, but come TF on.
The issues with housing are decades in the making, and happens with or without CARES
The issues with housing are decades in the making, and happens with or without CARES
Posted on 7/26/25 at 10:56 am to Mandtgr47
quote:Statistically, what he posted was correct.
depends on what circles you run in....of course most that you know draw welfare checks.....so no, they don't make much legally.
Very few 30 year olds will make $160k per year.
The median income for individuals in the USA is ~$40k per year and ~$80k for dual income homes.
Why do individuals, such as yourself, use outliers as the norm?
Posted on 7/26/25 at 11:04 am to Vacherie Saint
quote:
Member since Aug 2015
44344 posts
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I get you hate Trump, but come TF on.
"free money"
Idleness
Access to cash out part of 401k
PPP
Unemployment
Covid shenanigans allowed people to invest in real estate like never before, destroying the housing market for the middle class.
quote:
The coronavirus pandemic had profound impacts on the housing market. The initial lull in home sales at the very start of the pandemic quickly turned into a white hot seller’s market, and the rise of remote work meant that many former city-dwellers suddenly found themselves searching for more space in less urban, lower-cost areas.
“Both at the beginning of COVID and now, buyers are looking for a bit of extra room in a home,” says Kimberly Jay, a broker with Compass in New York City.
In addition, house flipping and residential real estate investing rose drastically. Real estate analytics firm CoreLogic reports that investors accounted for more than a quarter of all single-family home purchases — 26 percent — in June 2023. In March 2020, when the pandemic began, that figure was below 15 percent.
Posted on 7/26/25 at 11:06 am to scottydoesntknow
quote:You are aware that our fabulous president is AKA Boomer in Chief, right Junior?
The boomer approach: use magic pill or bandaid to mask the problem and let someone else deal with it later
Thank you Trump for finally fixing the root issues
Posted on 7/26/25 at 11:09 am to RogerTheShrubber
It’s almost as if we didn’t have a massive housing crash patched up by bailouts, rate manipulation, and QE before any of that ever happened.
Posted on 7/26/25 at 11:14 am to CAD703X
quote:
We had a guy who cut down trees and landscaped our yard.
We invited him over one time when we were having some friends over for a BBQ and he showed up with sketch-arse people, one of whom reachedInto the bowl of beans WITH HIS HAND and scooped them into his plate.
He ended up exposing himself to one of my wife's female friends, throwing beer cans all over the front yard he had just mowed the day before and I found out much later; had sex with my MiL in exchange for giving her coke.
All of this is true and that was the last time we used him for yard work
:lol
eff that. bring him over every weekend
eso es asombrosa! arriba!
This post was edited on 7/26/25 at 11:15 am
Posted on 7/26/25 at 11:15 am to Vacherie Saint
quote:
It’s almost as if we didn’t have a massive housing crash patched up by bailouts, rate manipulation, and QE before any of that ever happened.
A decade prior. The housing crisis in 2021 started due to too much money in the system however.
If anything, according to your perspective COVID should have crashed the housing market, but the opposite happened.
Do you know why? Because we pumped trillions into the economy when people were idle and had access to stocks and 401ks for cash payments or downpayments.
Without Covid, the housing jump doesnt happen overnight.
This post was edited on 7/26/25 at 11:16 am
Posted on 7/26/25 at 11:20 am to RogerTheShrubber
And in that decade we’ve bailed out banks, printed absurd amounts of currency, flooded the market with 10s of millions of people, and allowed Blackrock to buy 120B in residential housing. Meanwhile the prospective buyer class has become listless, unemployed or underemployed losers living off of their parents into their 30s.
You are naval gazing
You are naval gazing
Posted on 7/26/25 at 11:25 am to Vacherie Saint
quote:
And in that decade we’ve bailed out banks, printed absurd amounts of currency, flooded the market with 10s of millions of people, and allowed Blackrock to buy 120B in residential housing. Meanwhile the prospective buyer class has become listless, unemployed or underemployed losers living off of their parents into their 30s.
Absolutely. Yet, it wasnt until the CARES act and subsequent shittery that the housing market blew up.
You cant pay the country to shut down and expect the economy to maintain. We warned about in March of 2020.
Posted on 7/26/25 at 11:31 am to IMSA_Fan
Racist. You sssume they are all illegals?
Posted on 7/26/25 at 11:34 am to IMSA_Fan
quote:
while also deporting the very people who build homes, making labor even more expensive
while also deporting people that pick our cotton making cotton picking labor more expensive.
See how you sound?
Posted on 7/26/25 at 11:35 am to Vacherie Saint
quote:They need to watch Larry Fink and Blackrock on You Tube. He single handedly caused a lot of the problems of today. He essentially invented sub prime mortgages
It’s almost as if we didn’t have a massive housing crash patched up by bailouts, rate manipulation, and QE before any of that ever happened.
Posted on 7/26/25 at 11:35 am to NC_Tigah
quote:
terminated what would have been a depression catalyzing financials feeding frenzy.
AKA bailing out boomers
Posted on 7/26/25 at 11:35 am to RogerTheShrubber
Nothing has “blown up”.
Values have increased as have rates at a pace that has passed young buyers by. Yes, Covid caused values to spike in 2020, but it’s just one element in a long and grinding journey to get where we are now. Home values have been running away from wage growth since the 70s, and now the favorable rates that have kept things afloat are gone.
Values have increased as have rates at a pace that has passed young buyers by. Yes, Covid caused values to spike in 2020, but it’s just one element in a long and grinding journey to get where we are now. Home values have been running away from wage growth since the 70s, and now the favorable rates that have kept things afloat are gone.
Posted on 7/26/25 at 11:37 am to Vacherie Saint
quote:
Nothing has “blown up”.
Values have increased
To the point they became unaffordable to the middle class without a massive downpayment
The CARES act will go down as one of the worst pieces of legislation ever written.
Posted on 7/26/25 at 11:40 am to Vacherie Saint
quote:
And in that decade we’ve bailed out banks, printed absurd amounts of currency, flooded the market with 10s of millions of people, and allowed Blackrock to buy 120B in residential housing. Meanwhile the prospective buyer class has become listless, unemployed or underemployed losers living off of their parents into their 30s. You are naval gazing
To these people, adding massive # of women, illegals and imaginary money to the economy= not a big deal
Notice the boomer(and boomer lite) solutions always end up being more of the same shite. No pain on their parts will be tolerated.
Posted on 7/26/25 at 11:52 am to SlowFlowPro
quote:
All housing, new and used, is overpriced.
Housing in desirable areas, both new and used, is incredibly overpriced.
if pretend internet lawyer were more lucrative perhaps you could afford a nice house.
Posted on 7/26/25 at 12:11 pm to bluestem75
quote:
But there are a lot of people his age making a great wage at half what he makes who still can’t afford a house. That’s ridiculous for someone making $80k/yr. The mortgage for a 40 year old 1800 sq ft house down the street from us that hasn’t been updated is $2500/mo. Half of that $80k/yr individual’s take home and they haven’t paid for utilities yet.
a couple making 80k a year only pays $5500 in income taxes they can afford a house. why would they need 1800 sqft? the average home in the 60's was 1200 sqft
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