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I'm not a leftistI did not realize it was a leftist that started this thread.
Thanks for letting me know.
For you Leftists, here's how it works:
You rent for as long as you must, paying as little as possible, and saving what you can toward a down payment on a house While renting, you scout around to find houses that you can afford with your current income, including houses that "need work," so that you might be able to gain some "sweat equity."
Your first house will not be posh. It won't have everything you want. It won't be an "average" or "typical" house for your geographical area; it will be MODEST and lacking in some desirable features. This house is called a "Starter Home."
Over time, that house will increase in value and you will pay down the mortgage (a bit), and if you are NORMAL, your income will increase. In due course, you will be able to sell that Starter House and buy something nicer. Maybe THAT one won't be what you really want, but it will be nicer than the first one.
Basically everyone I know has gone through this process, and yet Leftists don't seem to get it. They keep spouting nonsense like, "The average worker can't afford to buy the average house!" as though that were something new and astonishing.
Of course, normal people don't have six figure student loans to pay off, from their quest to get a degree in gender studies. So there's that.
I'm moving to Texas, doesn't change that rates are 7% now and they were <3% with Trump does it Doofy?There are plenty of places all over this country where homes are affordable, but you probably won't be able to live in the trendy places. Plenty of affordable homes in rural areas and the Rust Belt states and with so many more people having the ability to work remote the options are there. You just need to have the will to make the move.
In my area no one is building at all cause materials are sky high. That's another one of those "factors" we discussed earlierPart of the problem is that pretty much nobody is building these any longer.
I'm not a leftist
I'm moving to Texas, doesn't change that rates are 7% now and they were <3% with Trump does it Doofy?
Holy fuck you're dumbPaying $250K for a home at 7% is a hell of a lot more attainable than $450K, right doofy? You people act like this is the only time in history we've had 7% mortgages. We had historically low mortgage rates for 20 years since the turn of the century. When I my parents bought our house in Boston in the early 1980s interest rates were in the teens.
Holy fuck you're dumb
We've already had the "historical rates" discussion dumbass
And again in 2019 when rates were 3% here's what a mortgage would have been for my dream home
View attachment 926145
Here's what are they now
View attachment 926146
Do you see the issue dumbfuck?
Then stop acting like one and don't make threats cause you can't handle having it thrown back at youHow does any of that change what I said?
And call me a dumb fuck again.....
Then stop acting like one and don't make threats cause you can't handle having it thrown back at you
And yes it does change what you said as the charts show unless you need help reading those
Can you not read the graphs? Look at the graphs and youll see how it changes it DoofyNow try actually answering my question this time. How does any of that change what I said? Did we or did we not have historically low rates the last 20 years. Were they not typically equivalent to today's rates or higher prior to the 21st century? Is $250K at 7% more attainable than $450K at 7%.
Easy questions to answer.
Can you not read the graphs? Look at the graphs and youll see how it changes it Doofy
It doesn't matter what rates were in the 70s 80s 90s cause home prices were 100k
LOOK AT THE GRAPHS
Which is easier to pay?
You're making a comparison that has nothing to do the discussionSure it matters. People didn't make as much money as they do today. $100K was a lot more than $100K today and interest rates were still proportionately much higher.
You tell me. I've asked you that twice now.
Is $250K at 7% more attainable than $450K at 7%.
You seem to have an issue focusing on the question presented to you.
Exactly, yet they would have been had rates stayed what they were under Trump. This is all being done on purpose change my mindA lot people think they're 'middle class' now when they aren't even close.
You're making a comparison that has nothing to do the discussion
Of course 250k at 7 is better than 400k at 7
That's not the issue shit4brains
A home that 4 years ago was a very nice home was affordable at 400k 3% interest
A 400k 7% interest home today is not LOOK AT THE GRAPHS
Ffs
My point dumbass is your buddy Biden raising rates has pushed people out of their American Dream next time you feel the need to come in posts talking dumb shit check yourself and stop making threats cause your feefees got hurt. Put your big girl pants on and stfuStill does not change what I said. As I pointed out earlier, there are plenty of affordable cities and communities all over this country; you just have to be willing to make the change. Places like Buffalo, Pittsburgh, Cleveland, Alabama, Mississippi, etc. are all affordable markets to most people. You probably won't be able to buy in more desirable markets like Phoenix, Vegas, Salt Lake, Boise, etc. My point, which seems to have escaped you, is that people can adapt to changing of the times.
Again, regarding the interest rates, of course 7% adds more overhead than 3%. At no point in time did I ever say otherwise. I correctly pointed out that a 7% interest rate is hardly unusual in our nation's history. Yes, it's higher than what we've enjoyed in recent years, but it's also significantly lower than what we've had in the past. If you don't like that, well, that's your choice. I will remind you that low borrowing rates were one of the factors that inflated housing prices and ultimately aided in the crash back in '08, so they aren't necessarily a good thing.
My point dumbass is your buddy Biden raising rates has pushed people out of their American Dream
You're clueless man stay out of my threads its obvious you're just baiting me so you can ban me and I can't ignore you so I'm just gonna pretend I can gfy doofyWhen did he do that?
You're clueless man stay out of my threads its obvious you're just baiting me so you can ban me and I can't ignore you so I'm just gonna pretend I can gfy doofy
I've asked you to stop talking to meSo you can't tell me when Biden raised the interest rates?
