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re: Too Late Screwed Us Again!
Posted on 7/30/25 at 3:06 pm to AuburnTigers
Posted on 7/30/25 at 3:06 pm to AuburnTigers
quote:
people priced out of the housing market
And you think increasing demand will help that?
Posted on 7/30/25 at 3:06 pm to TigerAxeOK
quote:
Now imagine yourself as a newly married 23 year old with a kid on the way looking to buy their first home.
Buy something you can afford like every other generation in history?
Posted on 7/30/25 at 3:06 pm to DrrTiger
quote:Demand isnt dropping numbnuts.
When the demand for something drops at a certain price, the seller has to adjust or else they get to keep it.
Posted on 7/30/25 at 3:08 pm to SlowFlowPro
I say give it to all these people who want the inflated prices that comes along with lower rates. Then, they'll scream that we have a debt problem in this country and lament that starter homes of 1500 set are running closer to 350 -400 k and Blackrock is buying them all up because no one starting off can afford 400K at 4% even.
Posted on 7/30/25 at 3:08 pm to RogerTheShrubber
quote:the demand for homes is there, people arent buying due to high interest rates.
And you think increasing demand will help that?
Posted on 7/30/25 at 3:09 pm to SlowFlowPro
quote:
I said it would increase prices and be less efficient, not "wreck" the economy.
I never did either, but that dont stop them from lying about it.
Posted on 7/30/25 at 3:10 pm to AuburnTigers
quote:
Demand isnt dropping numbnuts.
Well then, looks like you’re destined to be a renter.
Posted on 7/30/25 at 3:10 pm to ronricks
quote:
Lower mortgage rates will make demand and prices go even higher.
They dont understand the most basics of supply/demand.
Its a waste of time arguing with them about it.
Posted on 7/30/25 at 3:11 pm to AuburnTigers
quote:
the demand for homes is there
Do you understand what "demand" in an economic sense means? It means the desire and the means are present
Posted on 7/30/25 at 3:13 pm to SlowFlowPro
quote:
Why do we need to lower rates?
The real estate market is stagnating, that hurts because taxes on home sales are quite large. The economy may be fine, but circulating that money through the economy helps everyone, including the government. The government has a 30 something trillion dollar debt to pay back so any increase in revenue would help that, not to mention refinancing it's debt.
Posted on 7/30/25 at 3:13 pm to DrrTiger
quote:my home is paid for sunny boy. I have no mortgage
Well then, looks like you’re destined to be a renter.
Posted on 7/30/25 at 3:14 pm to AuburnTigers
quote:
my home is paid for sunny boy. I have no mortgage
Congrats to your folks. Well done.
Posted on 7/30/25 at 3:15 pm to RogerTheShrubber
quote:yes. Active buying is down, so technically, yes demand is down.
Do you understand what "demand" in an economic sense means?
But in reality, the amount of Americans who want to buy a home is up. The demand for homes is there, but its being restricted by rates.
do you understand?
Posted on 7/30/25 at 3:16 pm to LSURussian
quote:So high interest rates are causing the highest inventory levels in 5 years.
Housing inventory is higher today than it's been in more than 5 years.
Dot connects dot. Now draw the line.....
Posted on 7/30/25 at 3:17 pm to DrrTiger
quote:Its my home. Paid it off last week. Feels fricking great.
Congrats to your folks. Well done.
You will never know that feeling
Posted on 7/30/25 at 3:18 pm to AuburnTigers
quote:
yes. Active buying is down, so technically, yes demand is down.
It means buyers have both desire and means at a price point.
If they cant afford the higher rates, it isnt demand.
Posted on 7/30/25 at 3:19 pm to RogerTheShrubber
quote:So, in other words, the higher interest rates are stifling demand.
If they cant afford the higher rates, it isnt demand.
Posted on 7/30/25 at 3:21 pm to AuburnTigers
quote:
So, in other words, the higher interest rates are stifling demand.
How does the median price of a home factor in to this?
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