re: Trump not interested in reducing Housing Prices

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1) How do we measure "life is pretty f'n good" ? Or I should ask you what are your parameters to meet this metric?

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By any reasonable, realistic and economically accurate metric you want.

Housing is routinely the focus of these discussions but not done very well. What does the data say that a) considers the difference in "median" or "starter" home between now and when boomers were buying starter homes, b) considers the movement of markets (the timing of cycles), c) considers changes in buyers, for example - what would data show us for married couples (millennials and boomers 40 years ago) as opposed to all millennials/boomers?

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2) Data suggests Millennials are worse off than their parents at the same age (30). Something which never happened before.

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And my argument is the data you're looking at is flawed, and contrived by Leftists with an agenda.

Logically, does it make sense that millennials are worse off than their parents when they spend like they do?

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Banned for what?

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Ultra retardation.

Classic case.

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Dont you have a cat to molest

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Newsflash, humans arent supposed to have sex with animals. Youre the only one who doesnt realize this.

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I thought I made it very clear that my rants are so that the individuals behind me have the same shot I did, because right now that window is closing real fast.

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yeah well here's the thing jetho generations don't make it collectively in the united states generations make it individually, if you're doing well pat yourself on the back you're one of the winners every generation has it's winners and losers. the losers all ways blame it on external factors the solution is always more government.

it's all just emotional clap trap. millennials are now 29-44 your not children any longer grow the phuck up,

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No you are the moron who thinks ppl.stay in a home loan for longer than 7yrs

I understand everyone who has your tard view has stayed in 1 loan for the entite term but thata not reality

So you ppl dont want ppl to own homes? Sounds like you are the you will own nothing and like it

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In 2020, the average time was 14 years. But then it also varies by the area.

It's funny that no matter how hard you try, the leftist in you always escapes. Anytime someone is against government intervention,

Against welfare = you must want people to starve
Against DoE = you must not want people to have education
Against paying the banks more for the same housing = you must not want people to own homes.

Because in the mind of a leftist, government is their God and it's impossible people are able to accomplish anything without them.

What's next, if I'm against a government program that wipes peoples asses it means I want people to walk around with shitty asses?

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Thank you for proving me right and embarrassing yourself

No one stays in a home loan for the term
So your crocodile tears about a 50yr mortgage are pathetic

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Do you understand what the word average means?

40% of people pay off their mortgages and don't have one. When it gets to the elderly, that number increases to over 60%. Which makes obvious sense.

You want people to have a mortgage forever, previously known as renting.

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40% of people pay off their mortgages and don't have one

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And all of them used 1 home loan to do that
You are also speaking about ppl who bought homes for 100k or less

Please just stop embarrassing yourself. You idiots think anyone will stick with 1 loan for 50yrs at these prices are fools

Its your only argument. You are the ones that want ppl to own nothing and like it

You want ppl to own nothing and like it

You are a low iq poster

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If you think saving $250 a month in exchange for 20 extra years of payments and interest is somehow good for people, then you're economically challenged.

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Like I said before, you can't fix stupid. For me to qualify for any of my 3 home loans, my total payments a month had to be less than 40% of my gross income. Maybe it could have been 40% or less. Either way the total couldn't be more than 40% of the gross income. A median income family today has an monthly income of 105K (thats what the great google shows for 2024). That is about 8700 a month. 40% of that is 3480. We'll round to 3500. So you can have total payments of 3500 a month. That's all loans. Cars, credit cards, personal loans and mortgage.

A young family with a 800 car loan payments, a 200 student loan payment, and 200 in credit card payments can have a maximum mortgage payment of 2300 to meet the 3500 cap. This is assuming excellent credit.

The family can ONLY get a mortgage for 2300 payment. No more. What you call "saving" is just a reduction in payment, however it will allow the family to secure the loan. Perhaps they can budget and pay the additional 250. If they do, loan will pay off in 30 years not 50. didn't you claim to buy multiple homes a year, yet you don't understand this?

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Because you probably think everyone is near your understanding. You're wrong.

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Based on what I've seen here you should never ever criticize someone else's understanding of mortgages. It would be better to just shut up and let everyone think you are a buffoon, than open your mouth (type on a keyboard in this case) and remove all doubt.

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I understand that the real reason houses are becoming too expensive for people to afford has nothing to do with loan terms. It's because of the extreme amount of inflation we've been under due to extreme amounts of government spending.

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Ok. None of that helps anyone get a home.

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Maybe try not stealing the wealth of people constantly for the purpose of spreading death and destruction around the world, giving people benefits they don't deserve and return to a constitutional government and you won't have people who can't afford housing.

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I haven't stolen anything. I made wise decisions, worked hard, bought a fixer uper, fixed it up, sold it, bought another, fixed it up, sold it, bought my current home and 54 acres, bought the 40 that joins me on an owner finance cause the bank would let me have the loan. I had too many payments to qualify for the loan. I had previous purchased 15 acres near my family home in the 90's for a total of 109 acres. Been on this place for 14 years and am almost debt free.

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100 years ago people paid off their houses in 5 years or less most of the time.

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bullshite 100 years ago most people couldn't even get a loan. If they did get a loan they did the work necessary to pay it off. they didn't buy a cup of coffee at 15 times what they could make it for at home. Hell my dad bought the house I grew up in in 1972 on an owner finance.

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Do you understand how money works? Do you understand interest money is never created, only the debt?

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Based on what you've said here, we ALL understand it more than you.