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Started By
Message
re: Troubles buying a home.
Posted on 3/14/25 at 2:10 pm to RollTide4547
Posted on 3/14/25 at 2:10 pm to RollTide4547
quote:
Nothing personal, but are you a woman? My wife argues the same way. Ha ha
Are you a child? My seven year old argues the same way you do. He isn’t really capable of viewing the world through a lens that isn’t his own.
1
Posted on 3/14/25 at 2:11 pm to 4cubbies
quote:
Prohibit or at least limit the number of homes private equity can purchase.
So no free market? You want MORE government regulation? I thought you wanted to shrink government?
Posted on 3/14/25 at 2:11 pm to RollTide4547
You already said all this shite in the other 30 page thread. Yes you had it tough, we all feel sorry for you and big kudos on your amazing successful life on a farm in the middle of nowhere.
The point is that it’s not a contest for who has it worse. Young people are experiencing the same things you went through. Most of the people pointing this out to you aren’t the ones who can’t buy a home. It’s pretty rare to find someone on this board under 40.
The point is that it’s not a contest for who has it worse. Young people are experiencing the same things you went through. Most of the people pointing this out to you aren’t the ones who can’t buy a home. It’s pretty rare to find someone on this board under 40.
Posted on 3/14/25 at 2:11 pm to RollTide4547
The rise of social media alongside immediate access to news reporting nationally and globally keeps people from thinking clearly and calmly. It stresses people out because you are constantly worried about everything, even things you have no control over. That coupled with social media's constant comparison game keeps buyers on the sideline.
You used to just find a house near your family & friends, walk into a local bank branch (with a lender your family probably knew), got a loan, and just figured it all out without stress and comparison.
If I wanted to live in Metairie next to my wife's whole family, I would need my parents to give me a massive payment to help with the cost like a lot of family & friends relatives have done for them. That's why we don't live close to family.
You used to just find a house near your family & friends, walk into a local bank branch (with a lender your family probably knew), got a loan, and just figured it all out without stress and comparison.
If I wanted to live in Metairie next to my wife's whole family, I would need my parents to give me a massive payment to help with the cost like a lot of family & friends relatives have done for them. That's why we don't live close to family.
Posted on 3/14/25 at 2:14 pm to 4cubbies
quote:Yep. Definitely a woman. Ha ha.
Are you a child? My seven year old argues the same way you do. He isn’t really capable of viewing the world through a lens that isn’t his own.
Posted on 3/14/25 at 2:18 pm to RollTide4547
quote:
Yep. Definitely a woman. Ha ha.
She is, and you are absolutely wasting your time.
Posted on 3/14/25 at 2:18 pm to thetempleowl
quote:
It was the Carter effect. They had it really tough. Early Reagan years when trying to fix everything Carter did was rough. Same thing currently trying to fix what biden fricked up.
Interest rates more than doubled because of the Savings and Loan Crisis. S&L crisis began in the late 70’s and into the 80’s because numerous S&L’s closed because of bad and risky investments. Just like in the late 2000’s interest rates started going back down when taxpayers bailed out S&L’s and banks. It cost taxpayers billions to get it under control.
Posted on 3/14/25 at 2:20 pm to Ham Malone
quote:That's what you got? No wonder you can't afford a house.
Yes you had it tough, we all feel sorry for you and big kudos on your amazing successful life on a farm in the middle of nowhere
quote:I've had a great life so far. If that's what you got, not sure what to tell you.
The point is that it’s not a contest for who has it worse.
quote:Actually I was 12 in 1983. Wasn't buying a house then. Didn't buy my first house until 2007. Did buy a fixer upper for 80K though.
Young people are experiencing the same things you went through.
Posted on 3/14/25 at 2:20 pm to TDTOM
quote:Thanks for the advice.
She is, and you are absolutely wasting your time.
Posted on 3/14/25 at 2:21 pm to Boss
quote:
So your solution is high density housing?
Yes. Urban infill is what made American cities among the best in the world in at the turn of the last century and the policy to expand in the way we did post-war was directed by the government. It isn’t possible to orient our economy around 15 or so major metropolitan areas and build out rather than build up. We could also try to direct capital inflows to the middle of the country, but no administration has been willing to do that.
quote:
Hasn't that historically been proven to not maintain values or increase values like single family homes do?
The higher-density areas of several cities also seem the most expensive. I can’t attest to a historical analysis, but treating a home like an investment asset is part of the problem. It’s a terrible way of orienting an economy. The solution to fixing that is much more complicated.
quote:
Aside from Seattle which has an inordinate amount of single family homes in the city, most big cities within the city proper are high density non-single family units.
LINK
This link shows some interesting things, but the big difference between cities that are ‘younger’ is that they generally have more space to expand. Seattle doesn’t.
Posted on 3/14/25 at 2:27 pm to crazy4lsu
I think it's not just younger cities. I think coastal cities don't have room for expansion. Seattle, NYC, Boston, NOLA, Miami. Interior cities have urban sprawl, like Atlanta and Houston and Dallas.
I agree that if we could orient our economy into middle America where there is tons of land, then we could solve the problem. But again the biggest issue is most of America doesnt want to live in Kansas or Nebraska. It would take a titanic shift to make areas like that desirable, and would require tons of spending by the federal government.
I agree that if we could orient our economy into middle America where there is tons of land, then we could solve the problem. But again the biggest issue is most of America doesnt want to live in Kansas or Nebraska. It would take a titanic shift to make areas like that desirable, and would require tons of spending by the federal government.
Posted on 3/14/25 at 2:30 pm to RollTide4547
It’s been said to you many times over the hundreds of posts you’ve burned on this topic but you’re remarkably bad at reading comprehension.
Posted on 3/14/25 at 2:34 pm to crazy4lsu
quote:
The solution is to build more housing, specifically to increase density
Soviet bloc style high density housing? More small apartments?
Terrible idea.
All I hear is: "Everyone should be in miserable living conditions."
No thanks.
Posted on 3/14/25 at 2:36 pm to Boss
quote:
I think coastal cities don't have room for expansion
Outside of Jacksonville, you are probably right.
quote:
I agree that if we could orient our economy into middle America where there is tons of land
Even if we could revitalize areas which saw their industries outsourced, that would be a win.
quote:
. But again the biggest issue is most of America doesnt want to live in Kansas or Nebraska.
But the choice is for people to leave where they grew up to go to one of the large metropolitan cities because they do not have any opportunities nearby.
quote:
It would take a titanic shift to make areas like that desirable, and would require tons of spending by the federal government.
Not all government spending is bad, especially when, at some point, you have to renew the ailing infrastructure in those areas anyway. It just seems like myopic policy to continue to direct capital to already developed regions.
Posted on 3/14/25 at 2:38 pm to The Pirate King
quote:
I can't believe no one is jumping at that attractive $327/SF price point for likely a really old house.
Price per sq.ft. is practically irrelevant for an 840 sq.ft. house. We're talking about affordability. Getting intro a desirable neighborhood for under $300k is the point.
I was the first one to pay $200 per sq.ft. in my neighborhood, but I got in for <$100k.
ETA: People down voting don't seem to understand. If you need to buy a house and the most you can spend on it is $290k and you find a 2,500 sq.ft. house that's selling for $125 per sq.ft. and a 850 sq.ft. house for $325 per sq. ft., which one can you afford to buy?
This post was edited on 3/14/25 at 5:03 pm
Posted on 3/14/25 at 2:39 pm to CastleBravo
quote:
Soviet bloc style high density housing? More small apartments?
There are other ways to build density. There are even American styles of design which allowed for density which are nearly forgotten (in terms of craftsmanship). Expand your vision man.
Posted on 3/14/25 at 2:43 pm to RollTide4547
quote:
rolltide4547
You're the same dumbass that got downvoted to oblivion in yesterday's thread. I'm glad that your farm went from $120k to $1M in a 14 year span but that's not realistic nor is it repeatable for anyone.
It's like if I bought Apple stock cheap because it reminded me of a fruit. Then started giving out stock advice. You come across as a dude full of himself that's not worth listening to.
For reference, that farm had a 16%+ rate of return, if you could do that repeatably you wouldn't have to drive 67 miles each way for work.
Posted on 3/14/25 at 2:43 pm to TDTOM
She needs to ask her dad or husband to take care of this housing related stuff.
Too much emotion in financial matters leads to nonsense like this thread.
Too much emotion in financial matters leads to nonsense like this thread.
Posted on 3/14/25 at 2:44 pm to Ham Malone
quote:Ok. Thing is, you and your opinion don't matter.
It’s been said to you many times over the hundreds of posts you’ve burned on this topic but you’re remarkably bad at reading comprehension.
Posted on 3/14/25 at 2:44 pm to RollTide4547
Your analysis doesn’t account for the fact that on a dollar basis, homes were significantly cheaper. Meaning you could save a lesser amount and significantly reduce your monthly payment.
Also, boomers paid literal pocket change for college, while school today costs an absolute fortune. My dad’s first cousin paid for his senior year of LSU and first two years of med school from ONE SUMMER’S work.
And many fields had lower educational requirements than today. My uncle is a dentist and never got an undergrad degree. I know older dieticians with only B.S degrees, while a masters is required now.
And every affordable house I saw during Covid was bought immediately and put I the rental market by investors.
Why is it so hard to admit that it’s damn tough right now? Yall are a sensitive bunch.
Also, boomers paid literal pocket change for college, while school today costs an absolute fortune. My dad’s first cousin paid for his senior year of LSU and first two years of med school from ONE SUMMER’S work.
And many fields had lower educational requirements than today. My uncle is a dentist and never got an undergrad degree. I know older dieticians with only B.S degrees, while a masters is required now.
And every affordable house I saw during Covid was bought immediately and put I the rental market by investors.
Why is it so hard to admit that it’s damn tough right now? Yall are a sensitive bunch.
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