KaiBear said:

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boognish_bear said:

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In 1983, almost 80% of 30-year-olds were married and 50% already owned a home.

Today, it’s 45% and 30%.

The collapse of healthy society and the middle class. A direct result of catastrophic policy and deficit spending. Our leaders borrowed prosperity from future generations. pic.twitter.com/xN9SGBnEh2

— Geiger Capital (@Geiger_Capital) May 27, 2025

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Excellent information.

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That's not a housing problem. It's a destruction of the nuclear family problem.

nein51 said:

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KaiBear said:

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boognish_bear said:

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In 1983, almost 80% of 30-year-olds were married and 50% already owned a home.

Today, it’s 45% and 30%.

The collapse of healthy society and the middle class. A direct result of catastrophic policy and deficit spending. Our leaders borrowed prosperity from future generations. pic.twitter.com/xN9SGBnEh2

— Geiger Capital (@Geiger_Capital) May 27, 2025

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Excellent information.

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That's not a housing problem. It's a destruction of the nuclear family problem.

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Understood

The median age of all homebuyers is now 56, up from 31 in 1981: pic.twitter.com/Cy2lcoOkuG

— unusual_whales (@unusual_whales) May 28, 2025

nein51 said:

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That map will be heavily skewed by a few zip codes, in general. It costs considerably more to buy a home in the Northern Columbus suburbs than it does in the Eastern Cleveland suburbs. Maybe as much as double or more.

It costs WAY more in Manhattan than Syracuse. It's much more to live in Miami than Orlando. Waco is pretty reasonable, Park cities is not. Etc etc

To be useful that map probably needs far more granularity.

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Good point

The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers--the Most on Record. That Will Likely Cause Home Prices to Fall.

Redfin reports there are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered…

— *Walter Bloomberg (@DeItaone) May 29, 2025

The city has 30 parking spaces for each resident, should we build more?

— Kristoffer Nilsen (@krobbn) May 28, 2025

Redbrickbear said:

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The city has 30 parking spaces for each resident, should we build more?

— Kristoffer Nilsen (@krobbn) May 28, 2025

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"30 parking spaces for every resident in Houston"? Doesn't Houston have well over 4,000,000 people? I ain't no rocket scientist but Mr. Nilson's math does not work.

RD2WINAGNBEAR86 said:

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Redbrickbear said:

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The city has 30 parking spaces for each resident, should we build more?

— Kristoffer Nilsen (@krobbn) May 28, 2025

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"30 parking spaces for every resident in Houston"? Doesn't Houston have well over 4,000,000 people? I ain't no rocket scientist but Mr. Nilson's math does not work.

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I would guess his math is right but he cherry picked his data.

If "downtown Houston" has 140,000 residents but Houston (city, DMA) has 4.2 million parking spaces that possible.

Boomers are a big reason Americans are stuck in place: People are staying in their homes almost twice as long as they used to, a Redfin analysis found, with nearly 40% of boomers having lived in their homes for at least 20 years and another 16% staying put for 10 to 19 years.

— unusual_whales (@unusual_whales) June 2, 2025

Yeah, heaven forbid people live longer and not move. How rude of them.

nein51 said:

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Yeah, heaven forbid people live longer and not move. How rude of them.

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yeah no kidding. The nerve of paying the house off and living there. Very Unamerican.

I can only speak to the Waco market, where I've been looking to move to for a while. I suspect it's largely representative of everywhere else too, but I could be wrong.

Houses are just way over priced. Granted, the asking prices are coming down, but I think theyre still overpriced by about $100k median. Old houses that need $70k+ of work are being priced the same as new houses. It just doesn't make sense. Plus, you have to factor in that lenders are raising their credit limits to increase traffic to the long term detriment to buyers. It's reminiscent of 2007, except we're overspending on houses that should be demolished instead of mansions.

Bearmanly said:

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I can only speak to the Waco market, where I've been looking to move to for a while. I suspect it's largely representative of everywhere else too, but I could be wrong.

Houses are just way over priced. Granted, the asking prices are coming down, but I think theyre still overpriced by about $100k median. Old houses that need $70k+ of work are being priced the same as new houses. It just doesn't make sense. Plus, you have to factor in that lenders are raising their credit limits to increase traffic to the long term detriment to buyers. It's reminiscent of 2007, except we're overspending on houses that should be demolished instead of mansions.

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You're right.

We just bought an 11 acre farm and I looked at hundreds of houses before we did it. I can't tell you how many $300,000 complete restorations I looked at. Houses where the owners were just straight up dreaming on the price.

J.R. said:

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nein51 said:

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Yeah, heaven forbid people live longer and not move. How rude of them.

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yeah no kidding. The nerve of paying the house off and living there. Very Unamerican.

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Yeah I don't know when we started hating on Boomers for making good financial decisions but it needs to stop.

There was an article not 2 weeks before this about how boomers were destroying the market by buying all the properties.

It's like hating Nickleback. It's just become a "thing".

nein51 said:

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J.R. said:

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nein51 said:

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Yeah, heaven forbid people live longer and not move. How rude of them.

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yeah no kidding. The nerve of paying the house off and living there. Very Unamerican.

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Yeah I don't know when we started hating on Boomers for making good financial decisions but it needs to stop.

There was an article not 2 weeks before this about how boomers were destroying the market by buying all the properties.

It's like hating Nickleback. It's just become a "thing".

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give me some "Rock Star" anyway . Love that freaking video.

Wife and I just moved to KC metro town called Blue Springs as she accepted a Vet job here. We were astonished at how cheap the newer builds are in this area. Ended up settling with the seller at 475 for a 2024 build. The prices for similar builds and sizes in the east coast towns she got offers from were through the roof in comparison. Talking 200-300k more

It sucks that your annual household income drops so much once you move out from your parents place.

— VincentShame (@ShameVincent) June 11, 2025

I’m not a fan of bans, but maybe heavily tax so people think twice

Another option would be offering a brief reprieve from capital gains tax on home sales of properties owned for more than 10 years to entice boomers to sell rather than just die and transfer the property

— Amy Nixon (@texasrunnerDFW) June 11, 2025

There should be an outright ban on foreign entities owning homes in the United States. Not foreigners but foreign owned companies.

nein51 said:

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There should be an outright ban on foreign entities owning homes in the United States. Not foreigners but foreign owned companies.

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I agree and I would also say that companies over a certain size shouldnt be able to own individual houses to prevent companies like Blackrock from buying whole subdivisions and outbidding families. I think Zillow was also buying up listings to create rentals.

muddybrazos said:

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nein51 said:

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There should be an outright ban on foreign entities owning homes in the United States. Not foreigners but foreign owned companies.

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I agree and I would also say that companies over a certain size shouldnt be able to own individual houses to prevent companies like Blackrock from buying whole subdivisions and outbidding families. I think Zillow was also buying up listings to create rentals.

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Zillow was way more insidious. They play a huge role in valuing homes. They could use their algorithms to buy low and sell high. Brilliant on their part.

I agree on large scale commercial RE investors. Problem is that a lot of politicians make money from those same deals so they have no incentive to close that loop.

Spain orders Airbnb to take down 66,000 rental listings.

— Visegrád 24 (@visegrad24) June 19, 2025

Spain ordered Airbnb to remove 66,000 listings because many lacked valid licenses or owner details, violating housing laws. The government aims to ease a housing crisis, as short-term rentals are linked to rising rents (up to 7% in some areas) and reduced long-term housing.…

— Grok (@grok) June 19, 2025

The gap between home sale and list prices has never been larger:

The US home median list price reached $425,950 for the 4 weeks ending June 8th.

At the same time, the median sale price was $397,000, or $28,950 below list price, the highest on record.

Furthermore, this gap has… pic.twitter.com/Xy5S3jWCLG

— The Kobeissi Letter (@KobeissiLetter) June 20, 2025

We just bought a farm. Here's what we saw the last 3 months.

If it was really nice it sold, fairly quickly.

There's WAY too many homes that are at least 50% too high for their condition. I would venture nearly 75% or more of the homes we saw were dramatically overpriced. Some by hundreds of thousands of dollars.

Acreage has gone up a lot. You used to get acreage in the area we bought for $3k-5k and acre with mineral rights. It's closer to $15k now. Land clearing is running about 20k/acre if it's heavily treed.

Our realtor urged us to make no full price offers on any home. She said we didn't need to. She was right.

nein51 said:

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We just bought a farm. Here's what we saw the last 3 months.

If it was really nice it sold, fairly quickly.

There's WAY too many homes that are at least 50% too high for their condition. I would venture nearly 75% or more of the homes we saw were dramatically overpriced. Some by hundreds of thousands of dollars.

Acreage has gone up a lot. You used to get acreage in the area we bought for $3k-5k and acre with mineral rights. It's closer to $15k now. Land clearing is running about 20k/acre if it's heavily treed.

Our realtor urged us to make no full price offers on any home. She said we didn't need to. She was right.

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Congrats and glad you got sellers to move.

A good friend and colleague just transferred back from Baton Rouge. He was looking in Montgomery County - mostly Magnolia and Montgomery areas. Awful experience.

Sellers with homes on the market for months still would not move. He made numerous offers - below asking of course but far from offensive. He finally had to pull the trigger without getting much of a discount. None of the sellers ever came crawling back, and he said every house he made an offer on is still on the market.

sombear said:

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nein51 said:

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We just bought a farm. Here's what we saw the last 3 months.

If it was really nice it sold, fairly quickly.

There's WAY too many homes that are at least 50% too high for their condition. I would venture nearly 75% or more of the homes we saw were dramatically overpriced. Some by hundreds of thousands of dollars.

Acreage has gone up a lot. You used to get acreage in the area we bought for $3k-5k and acre with mineral rights. It's closer to $15k now. Land clearing is running about 20k/acre if it's heavily treed.

Our realtor urged us to make no full price offers on any home. She said we didn't need to. She was right.

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Congrats and glad you got sellers to move.

A good friend and colleague just transferred back from Baton Rouge. He was looking in Montgomery County - mostly Magnolia and Montgomery areas. Awful experience.

Sellers with homes on the market for months still would not move. He made numerous offers - below asking of course but far from offensive. He finally had to pull the trigger without getting much of a discount. None of the sellers ever came crawling back, and he said every house he made an offer on is still on the market.

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Yeah on the ones still on the market. There are a number of sellers that think it's 2019 still. It's because they are super over priced.

Those houses will just sit there on the market.

US Home Prices have increased 94% over the past ten years, more than double the increase in US wages. This is the most unaffordable housing market in history.

Video: https://t.co/FI2IbLgIFg pic.twitter.com/wfzFCIrQdb

— Charlie Bilello (@charliebilello) June 20, 2025

US May new home sales fall 13.7% month-over-month

— unusual_whales (@unusual_whales) June 25, 2025

There are now over 500k new homes for sale in the US, the most since November 2007.

The primary reason for rising inventories is the same as back then: a lack of affordability causing demand to plummet.https://t.co/FI2IbLgIFg pic.twitter.com/PfEGDkJflX

— Charlie Bilello (@charliebilello) June 26, 2025

Grab a beer, we are going to talk markets and people who put their finger on the scale of them. (And no, this isn’t a thread about the small hat people, so just stop)

Almost all of Salt Lake City’s housing woes can be told in the story of this one house. pic.twitter.com/4UuXdkbIhS

— Voödoo 6 von Inyanga (@6Voodoo) June 21, 2025

Mortgage rates in the US fell for a fourth straight week, per Bloomberg

— unusual_whales (@unusual_whales) June 26, 2025

nein51 said:

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We just bought a farm. Here's what we saw the last 3 months.

If it was really nice it sold, fairly quickly.

There's WAY too many homes that are at least 50% too high for their condition. I would venture nearly 75% or more of the homes we saw were dramatically overpriced. Some by hundreds of thousands of dollars.

Acreage has gone up a lot. You used to get acreage in the area we bought for $3k-5k and acre with mineral rights. It's closer to $15k now. Land clearing is running about 20k/acre if it's heavily treed.

Our realtor urged us to make no full price offers on any home. She said we didn't need to. She was right.

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Congrats on the farm!

Assassin said:

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nein51 said:

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We just bought a farm. Here's what we saw the last 3 months.

If it was really nice it sold, fairly quickly.

There's WAY too many homes that are at least 50% too high for their condition. I would venture nearly 75% or more of the homes we saw were dramatically overpriced. Some by hundreds of thousands of dollars.

Acreage has gone up a lot. You used to get acreage in the area we bought for $3k-5k and acre with mineral rights. It's closer to $15k now. Land clearing is running about 20k/acre if it's heavily treed.

Our realtor urged us to make no full price offers on any home. She said we didn't need to. She was right.

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Congrats on the farm!

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Thank you. It's got one hell of a view.

nein51 said:

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Assassin said:

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nein51 said:

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We just bought a farm. Here's what we saw the last 3 months.

If it was really nice it sold, fairly quickly.

There's WAY too many homes that are at least 50% too high for their condition. I would venture nearly 75% or more of the homes we saw were dramatically overpriced. Some by hundreds of thousands of dollars.

Acreage has gone up a lot. You used to get acreage in the area we bought for $3k-5k and acre with mineral rights. It's closer to $15k now. Land clearing is running about 20k/acre if it's heavily treed.

Our realtor urged us to make no full price offers on any home. She said we didn't need to. She was right.

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Congrats on the farm!

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Thank you. It's got one hell of a view.

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Whereabouts are you?

I suspect a lot of these factors come together to cause the issue:
- People continue to migrate from rural to urban areas and supply cannot keep up with demand
- Zillow likely does inflate expectations and ultimately the market
- Short-term rentals reduce supply
- Proliferation of Section 8 housing increases rents and reduces housing supply
- Regulation inflates COGS
- Government benefits to illegal immigrant workers drives up wages / COGS
- Foreign governments and huge hedge funds buying up inventory
- The uber rich have so much disposable income they're buying up multiple properties
- Crime, illegal immigration and the related social problems make "starter home" neighborhoods undesirable - there is cheap housing out there but functional, middle-class people do not want to live there because the conditions of the community and schools

An area where I am not conservative is banning or limiting the purchase of American real estate.

Doubt there is a single cause but 10 small causes leads to a really big one.

Colombiana County, Ohio