The Cost of Buying a Home Hits New Record

[g5000]

and before you try again,,
show me some pictures from the 70s and 80s or even 90s of the tent cities that even come close to all these,,

tent cities in america - Google Search

2008: In hard times, tent cities rise across the country

 

[progressive hunter]

I wouldn't know, guy. I saw my first homeless people in Chicago as early as the late 70's. Right after they shut down most of the mental hospitals.



Which has caused the black poverty rate to decline from 55% in 1960 to 17% today. Sounds to me like the War on Poverty did just fine.



No, you don't feed them in the wild is because they start associating people with food. They never stop learning to forage.

But here's the thing. The main reason why bears are still a thing is because of government conservation of their habitat.



Which "regs" are you talking about, specifically? (This should be good!)


Because they haven't.



Actually, people weren't "self-sufficient" until the government stepped in and established a lot of workers rights.

let me know when you can show me tent cities like we see today that consume whole city blocks,,

or a time when a poop patrol had to be created due to the homeless shitting on the sidewalks,,

 

[progressive hunter]

2008: In hard times, tent cities rise across the country

exactly,, why after the trillions of dollars being spent to combat poverty is the problem getting worse??

as I said we need to stop feeding the bears and let them provide for themselves,,,

 

[progressive hunter]

You are kind of missing the point. Tent cities became a "thing" because we stopped investing in public housing. Chicago, for instance, tore down all those high-rise public housing units (Good) but didn't replace them with anything. (Not so good). They just handed out vouchers.

as we should,,

its a problem thats had decades to grow,, it wont solve itself overnight,,

state and locals are free to deal with the problem,,
the past 50 yrs has proven the feds cant solve the problem,,, they are the problem,,

 

[justoffal]

Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges for buyers.

The average daily mortgage rate this week surpassed 7.4%, the highest level since last November.

The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 shy of June 2022’s all-time high. The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11% year over year.

Wow, that Bidenomics, just working its magic. I know, it must be that evil Putin, maybe even Trump's fault.

Housing Market Update: The Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

WOW!......that's not supposed to happen. Rising rates usually translate into lower prices. So we are beginning to see the bones of a Serious STAGFLATION event....a real doozie!

 

[justoffal]

exactly,, why after the trillions of dollars being spent to combat poverty is the problem getting worse??

as I said we need to stop feeding the bears and let them provide for themselves,,,

You and I both know that the trillions spent reduces to less than 2 percent of the original total by the time it reaches its intended destination. The rest is siphoned off into the corrupt oligarchy.

 

[Resnic]

Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges for buyers.

The average daily mortgage rate this week surpassed 7.4%, the highest level since last November.

The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 shy of June 2022’s all-time high. The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11% year over year.

Wow, that Bidenomics, just working its magic. I know, it must be that evil Putin, maybe even Trump's fault.

Housing Market Update: The Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

I can confirm this.

My wife and are building a new house, they poured the footer in just last week and that's about what our rates are at.

The only reason we are even building a new house is because circumstances have allowed me to have a plan in place to pay the house off 2 to 4 months after it's built. But wow, didn't imagine I'd spend this much on a house ever.

 

[RoshawnMarkwees]

I can confirm this.

My wife and are building a new house, they poured the footer in just last week and that's about what our rates are at.

The only reason we are even building a new house is because circumstances have allowed me to have a plan in place to pay the house off 2 to 4 months after it's built. But wow, didn't imagine I'd spend this much on a house ever.

I bought a 160-year-old fixer-upper for $20k. My Illinois property taxes in four years have already amounted to more than half the home’s assessed value. That’s where the money problem is for us.

 

[justoffal]

I bought a 160-year-old fixer-upper for $20k. My Illinois property taxes in four years have already amounted to more than half the home’s assessed value. That’s where the money problem is for us.

Municipal cost is one of the hidden inflationary contributors that just gets ignored. Not only does it affect property owners it directly drives up the rents.

 

[Blisterfinger]

WOW!......that's not supposed to happen. Rising rates usually translate into lower prices. So we are beginning to see the bones of a Serious STAGFLATION event....a real doozie!

Trump is going to have a HELL of a mess to clean up.

 

[Thinker101]

WOW!......that's not supposed to happen. Rising rates usually translate into lower prices. So we are beginning to see the bones of a Serious STAGFLATION event....a real doozie!

Gets even better, in California, if you do buy a house, most of the larger insurance companies are not doing new homeowner policies.

 

[Thinker101]

I can confirm this.

My wife and are building a new house, they poured the footer in just last week and that's about what our rates are at.

The only reason we are even building a new house is because circumstances have allowed me to have a plan in place to pay the house off 2 to 4 months after it's built. But wow, didn't imagine I'd spend this much on a house ever.

Construction prices are through the roof. Thanks Biden.

 

[HikerGuy83]

Wow, that means your house is worth more than you probably paid for it. This is good for people looking to sell.

My place is worth 40K more than what I paid for it right now. That's awesome.

It's amazing that even dumbass like you makes this kind of stupid argument.

Go ahead and sell your house. Eat the costs and then go buy another one that went up 40K or more. You just lost money.

That, or take your 40K and go get an apartment (where the rent is adjusted to the cost of housing) and you''ll pay out the nose.

Even that moron golfing gator tried to all this liquidity. You borrow on it and you are going to pay it back.

it means nothing....

Excpet that new homebuyers will vote republican.

 

[JoeB131]

It's amazing that even dumbass like you makes this kind of stupid argument.

Go ahead and sell your house. Eat the costs and then go buy another one that went up 40K or more. You just lost money.

That, or take your 40K and go get an apartment (where the rent is adjusted to the cost of housing) and you''ll pay out the nose.

Even that moron golfing gator tried to all this liquidity. You borrow on it and you are going to pay it back.

it means nothing....

Excpet that new homebuyers will vote republican.

Um, no, guy, new homebuyers realize that Trump has no ability to control the cost of housing.

Here's how you bring down the cost of housing... you build more affordable housing.