Math for buying a home no longer works out. These charts show why

[TheYellowKing]

I have not kissed anyone's ass, that is just your stupidity showing again.

You're in here now praising Biden and the Fed

LoLbertarian

 

[Independentthinker]

The Math For Buying a Home No Longer Works. These Charts Show You Why.

What does it take to buy a home in the U.S.? A lot more than it did before the Federal Reserve raised interest rates.

www.wsj.com

I'll tell you why, Biden and his Fed raising rates. Who honestly can afford a home today with rates at or over 7%? The charts and math doesn't lie. Biden and the Fed have ruined this economy and are killing the middle class.

The left brought is inflation. Instead of reversing their policies to bring inflation back down, they kept their policies in place and depended on the FED raising interest rates instead. This brought us to the point that people can't afford homes or apartments and homelessness is out of control.

 

[Godboy]

How did people afford to buy houses with interest rates in the high teens during the 80s?

Because democrats hadnt inflated the costs on EVERYTHING with endless regulations. Goods and services cost less back then.

 

[Harpy Eagle]

You won't do it but ok you're on

Ask Godboy if I am good for it. we had a bet, I lost and left for a month. Even after he said I did not have to.

I am a man of my word. something you could never understand

 

[Harpy Eagle]

You're in here now praising Biden and the Fed

Post number to me doing that.

I will be happy to wait.

 

[TheYellowKing]

Ask Godboy if I am good for it. we had a bet, I lost and left for a month. Even after he said I did not have to.

I am a man of my word. something you could never understand

We shall see

 

[TheYellowKing]

Post number to me doing that.

I will be happy to wait.

Number 4 and I'll paraphrase

"and how is that Biden's fault"?

Never mind all the charts showing how you stick to the script deflect and defend dementia man at all cost

 

[Harpy Eagle]

"and how is that Biden's fault"?

and in your world that is praising someone?

Holy crap, no wonder you are mindless partisan drone, you have the IQ of a head of cabbage

 

[TheYellowKing]

and in your world that is praising someone?

Holy crap, no wonder you are mindless partisan drone, you have the IQ of a head of cabbage

When you ignore the evidence presented and have a perma tongue planted on Biden ass yes it is

Your whole intention of that comment was to defend Biden don't deny it

 

[Harpy Eagle]

When you ignore the evidence presented and have a perma tongue planted on Biden ass yes it is

Your whole intention of that comment was to defend Biden don't deny it

you people are so much fun!

 

[Marener]

The left brought is inflation. Instead of reversing their policies to bring inflation back down, they kept their policies in place and depended on the FED raising interest rates instead. This brought us to the point that people can't afford homes or apartments and homelessness is out of control.

Inflation did come down, genius.

 

[Resnic]

The rock bottom interest rates flooded the country with cheap money which raised the costs of assets like homes.

Houses would be much cheaper if not for the decades of super low interest rates.

There’s no free lunch. You can make money dirt cheap without paying for it somehow.

That's a lazy mans response. It's just some avergae brained throw away comment to sound insightful and shitty.


The reality is much more grim. The reality is foreign institutions via funding like the world economic are pushing it because they want to destabilize America. After they "predicted" soon America will no longer be a world super power.

The economy sucks which is evidenced by the bond market inverted yield curve, and central banks buying gold like crazy.

Our country is giving away 100s of billions to other countries and we wastes 100s of billions more on all this climate change nonsense, money spent on illegals flooding our borders and dumb shit like paying federal employees to be diversity officers. To subsidize all that the fed just keeps jacking up interest rates on people.

But in the end a major factor is simply this. Corporations are pushing for this. There has been a major increase in corporate owned rental units. When corporations get involved they buy politicians to push for what they want. Corporate housing rental is booming because they can trap hundreds of millions of people in rental units they can't afford to leave, then they run those units to their last legs and switch them to section 8 housing and suck up paychecks from the government. It's win win for them.

Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here's what that means for rental prices

Corporations backed by private equity groups such as Blackstone and Pretium Partners bought tens of thousands of homes across the U.S. Sun Belt.

www.cnbc.com

'They Can Outbid Your Children': RFK Jr. Warns That Corporations Are 'Trying To Buy Every Single-Family Home' In America — And They Are On Track To Own 60% Of Homes By 2030

Housing affordability has been a pressing issue in America. While many people point to supply shortages, rising material costs and stagnant wages as drivers behind the crisis, Democratic presidential candidate Robert F. Kennedy Jr. believes there's another culprit — corporations. "The real...

finance.yahoo.com

How corporations are buying up houses â robbing families of the American Dream

One morning in 2012, Phoenix real-estate developer Geoff Jacobs was playing golf when he got a surprising phone call. One of his employees, trying to bid on a house they wanted at auction, told him…

nypost.com

What you believe to be true is wrong. You're hand waving rhetoric is old and outdated by 10 years or more

 

[JustAnotherNut]

I do realize this. Did you think all those people living in homes and apartments and not being made to pay rent was not going to have a negative consequence?

Are you talking during the pandemic? In that case, the property owners of rentals and homeowners were able to get help to catch up on those missed payments by extending their loans by how much they were in arrears because of the pandemic.

That is not what I was talking about.

There is a shortage of affordable housing.

Yes, that's true.......but you didn't include 'affordable' in your previous post



I will soon be 64, yes I remember starter homes vs the new palaces that is the current trend. My oldest son bought his place before all this crap happened, but my 2 youngest who will be 23 & 25 this next year can't afford a place of their own, not to rent and certainly not to buy, so they still live here and we all split costs........if we didn't, we'd all be homeless. I pay less for my mortgage for a 3bd/1ba home on a 10,800sqft lot, than what many are charging for a studio apartment or even a spare room.




Sounds like your area is experiencing what was going on here just a year or so ago........watch out, it won't last

 

[Flash]

Look how income is going down for almost everybody under Potatohead's administration

 

[Marener]

That's a lazy mans response. It's just some avergae brained throw away comment to sound insightful and shitty.


The reality is much more grim. The reality is foreign institutions via funding like the world economic are pushing it because they want to destabilize America. After they "predicted" soon America will no longer be a world super power.

The economy sucks which is evidenced by the bond market inverted yield curve, and central banks buying gold like crazy.

Our country is giving away 100s of billions to other countries and we wastes 100s of billions more on all this climate change nonsense, money spent on illegals flooding our borders and dumb shit like paying federal employees to be diversity officers. To subsidize all that the fed just keeps jacking up interest rates on people.

But in the end a major factor is simply this. Corporations are pushing for this. There has been a major increase in corporate owned rental units. When corporations get involved they buy politicians to push for what they want. Corporate housing rental is booming because they can trap hundreds of millions of people in rental units they can't afford to leave, then they run those units to their last legs and switch them to section 8 housing and suck up paychecks from the government. It's win win for them.

Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here's what that means for rental prices

Corporations backed by private equity groups such as Blackstone and Pretium Partners bought tens of thousands of homes across the U.S. Sun Belt.

www.cnbc.com

'They Can Outbid Your Children': RFK Jr. Warns That Corporations Are 'Trying To Buy Every Single-Family Home' In America — And They Are On Track To Own 60% Of Homes By 2030

Housing affordability has been a pressing issue in America. While many people point to supply shortages, rising material costs and stagnant wages as drivers behind the crisis, Democratic presidential candidate Robert F. Kennedy Jr. believes there's another culprit — corporations. "The real...

finance.yahoo.com

How corporations are buying up houses â robbing families of the American Dream

One morning in 2012, Phoenix real-estate developer Geoff Jacobs was playing golf when he got a surprising phone call. One of his employees, trying to bid on a house they wanted at auction, told him…

nypost.com

What you believe to be true is wrong. You're hand waving rhetoric is old and outdated by 10 years or more

Why is everything a goddamn conspiracy with you morons?

 

[ding]

The Math For Buying a Home No Longer Works. These Charts Show You Why.

What does it take to buy a home in the U.S.? A lot more than it did before the Federal Reserve raised interest rates.

www.wsj.com

I'll tell you why, Biden and his Fed raising rates. Who honestly can afford a home today with rates at or over 7%? The charts and math doesn't lie. Biden and the Fed have ruined this economy and are killing the middle class.

Someone must still be buying them, right?

 

[Independentthinker]

Inflation did come down, genius.

Genius, interest rates are high. They didn't have to be. And, inflation is up about 20% since Biden took office.

 

[Marener]

Genius, interest rates are high. They didn't have to be. And, inflation is up about 20% since Biden took office.

We flooded the country with free money. Of course rates had to go up.

 

[DigitalDrifter]

How did people afford to buy houses with interest rates in the high teens during the 80s?

Interest rates were higher non stop from the 60s till the turn of the century, and yet people were able to buy houses.

Well, for starters, you could buy homes all over the country for under $50K. My first house was financed with a loan that exceeded 17% interest rate. However, the price of the house was only $39K.