Home buying thread

Cad said:

300% higher, thats amazing.

Click to expand...

Yeah, gas is down and boomers don't know how to judge the economy outside of the price of oil. Also, my reference to % is per housing bc, ya know, this is the fucking housing thread.

Great.

Khane said:

Rent is not prohibitively expensive. People expecting to live at home until they are 30 and pretending its because rent is *actually* unaffordable (in the strictest sense of the word) are nothing more than coddled little shits.

Click to expand...

Khane said:

Rent increasing that much in that timeframe is far outside the norm. Far outside the norm.

Click to expand...

It's not. But the degree to which rent is outpacing median household income tells the better story IMHO... (Can't believe I'm reusing variants of this FRED chat twice in one day)




In roughly the last quarter century rent prices have gone up 140%
Median Income? It's gone up less than 20%

Look at this before you ask why more kids are living longer at home with their parents....

Khane said:

800 to 2400 in that timeframe is significantly higher than the national average. And this debate really amounts to my impression of young people and their refusal to do things most of the rest of us kind of just understood as necessary when we were younger.

Like finding a shitty apartment with your friends and having roommates for a while.

Click to expand...

While there is truth to what you are saying being the path to owning a home, it's objectively true that this path is more difficult than it used to be and rent is too damn high. It's an inevitable problem of importing 100m poor retards and not building housing to accommodate them. I can definitely understand why a young person wanting to afford a home would be angry about it, even if better self control would probably help them clear this barrier.