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re: Too Late Screwed Us Again!

Posted on 7/30/25 at 3:06 pm to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297825 posts
Posted on 7/30/25 at 3:06 pm to
quote:


people priced out of the housing market


And you think increasing demand will help that?
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2381 posts
Posted on 7/30/25 at 3:06 pm to
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 by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:06 pm to
quote:

When the demand for something drops at a certain price, the seller has to adjust or else they get to keep it.
Demand isnt dropping numbnuts.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
36059 posts
Posted on 7/30/25 at 3:08 pm to
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 by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:08 pm to
quote:

And you think increasing demand will help that?
the demand for homes is there, people arent buying due to high interest rates.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297825 posts
Posted on 7/30/25 at 3:09 pm to
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 by DrrTiger
Gulf of America
Member since Nov 2023
2381 posts
Posted on 7/30/25 at 3:10 pm to
quote:

Demand isnt dropping numbnuts.


Well then, looks like you’re destined to be a renter.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297825 posts
Posted on 7/30/25 at 3:10 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135757 posts
Posted on 7/30/25 at 3:10 pm to
quote:

Inflation
Where?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297825 posts
Posted on 7/30/25 at 3:11 pm to
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 by LSUSkip
Central, LA
Member since Jul 2012
24717 posts
Posted on 7/30/25 at 3:13 pm to
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 by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:13 pm to
quote:

Well then, looks like you’re destined to be a renter.
my home is paid for sunny boy. I have no mortgage
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2381 posts
Posted on 7/30/25 at 3:14 pm to
quote:

my home is paid for sunny boy. I have no mortgage


Congrats to your folks. Well done.
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:15 pm to
quote:

Do you understand what "demand" in an economic sense means?
yes. Active buying is down, so technically, yes demand is down.

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 by LSURussian
Member since Feb 2005
133692 posts
Posted on 7/30/25 at 3:15 pm to
quote:

Existing home inventory is way down .
Totally false.

Housing inventory is higher today than it's been in more than 5 years.
LINK

quote:

Yes, there is a market crisis.
No, there isn't.
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:16 pm to
quote:

Housing inventory is higher today than it's been in more than 5 years.
So high interest rates are causing the highest inventory levels in 5 years.

Dot connects dot. Now draw the line.....
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:17 pm to
quote:

Congrats to your folks. Well done.
Its my home. Paid it off last week. Feels fricking great.

You will never know that feeling
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297825 posts
Posted on 7/30/25 at 3:18 pm to
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 by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:19 pm to
quote:

If they cant afford the higher rates, it isnt demand.
So, in other words, the higher interest rates are stifling demand.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297825 posts
Posted on 7/30/25 at 3:21 pm to
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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