boognish_bear said:

---

Contracts for home sales hit a 12-year low from April through June, according to Redfin.

— unusual_whales (@unusual_whales) August 4, 2025

---

Prices are coming down.

Hope everyone got their HELOC and other equity based activities done.

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

Redbrickbear said:

---

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

---

"A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give."

It has the average age of the homebuyer has gone up... You just don't like the answer.

People will have to use:

Federal programs like HUD (if Trump allows them to remain) which requires 10% down.

Take advantage of mortgage programs like VA, which requires 0% down

Wait longer to save up 20%

Or sell to a 56 year old who already did one or more of the above...


As for the median housing price...

Keep in mind that any 25 year period is going to see that rise.

• Median Home Value in 1968 (south) - $16,700
• Median Home Value in 1994 (south) - $116,600

Want to look at 1943 to 68?

You guys are making news that isn't there. We all have gone through this since home buying became a thing after WW2. Before that, people rented.


Funny, but say things are a certain way enough, it becomes true. See bank runs of the past... They are going to kill what was a great housing market.

The housing market is getting so weak that it’s poised to become a significant drag on overall economic growth, according to Moody’s Analytics chief economist Mark Zandi.

— unusual_whales (@unusual_whales) August 4, 2025

Redbrickbear said:

---

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

---

What was cumulative inflation during that time? Guessing well over 100%. And shouldn't a valuable asset appreciate much more than inflation, particularly in a widely successful area like Dallas?

China is buying up American homes at record speed—up 83% in one year.

While American families struggle to afford housing, the CCP is cashing in. This is a national security threat.

— Rep. Mary Miller (@RepMaryMiller) August 4, 2025

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

That's exactly why there is a glut. Anything that's priced right is selling instantly. Anyone who thinks it's 2019 can't sell

1 COMPANY- @BlackRock OWNS OVER 1.5 MILLION HOMES… that’s a problem for YOUNG families trying to have a slice of the American Dream.

Anti-trust IS BLACKROCK!

BlackRock's home-buying spree, managing over 1.5 million properties by 2023 per a National Association of Realtors…

— Rob Schneider 🇺🇸 (@RobSchneider) August 4, 2025

boognish_bear said:

---

1 COMPANY- @BlackRock OWNS OVER 1.5 MILLION HOMES… that’s a problem for YOUNG families trying to have a slice of the American Dream.

Anti-trust IS BLACKROCK!

BlackRock's home-buying spree, managing over 1.5 million properties by 2023 per a National Association of Realtors…

— Rob Schneider 🇺🇸 (@RobSchneider) August 4, 2025

---

This is your problem more than the 60 year old that bought their house 20 years ago and live in it. Go after the corporate home ownership companies. They could care less about your neighborhood and it still exists in 10 years or becomes a rental park.

boognish_bear said:

---

1 COMPANY- @BlackRock OWNS OVER 1.5 MILLION HOMES… that’s a problem for YOUNG families trying to have a slice of the American Dream.

Anti-trust IS BLACKROCK!

BlackRock's home-buying spree, managing over 1.5 million properties by 2023 per a National Association of Realtors…

— Rob Schneider 🇺🇸 (@RobSchneider) August 4, 2025

---

Both foreign investment in US housing and large investment firms, like Blackrock, are massive problems that are easily solved.

You ban foreign companies from owning U.S. property and soil and you tax the living day lights out of non owner occupied housing.

nein51 said:

---

boognish_bear said:

---

1 COMPANY- @BlackRock OWNS OVER 1.5 MILLION HOMES… that’s a problem for YOUNG families trying to have a slice of the American Dream.

Anti-trust IS BLACKROCK!

BlackRock's home-buying spree, managing over 1.5 million properties by 2023 per a National Association of Realtors…

— Rob Schneider 🇺🇸 (@RobSchneider) August 4, 2025

---

Both foreign investment in US housing and large investment firms, like Blackrock, are massive problems that are easily solved.

You ban foreign companies from owning U.S. property and soil and you tax the living day lights out of non owner occupied housing.

---

This would seem like an issue that could easily have bi-partisan support...but there is big corporate money involved so that always screws things up

boognish_bear said:

---

nein51 said:

---

boognish_bear said:

---

1 COMPANY- @BlackRock OWNS OVER 1.5 MILLION HOMES… that’s a problem for YOUNG families trying to have a slice of the American Dream.

Anti-trust IS BLACKROCK!

BlackRock's home-buying spree, managing over 1.5 million properties by 2023 per a National Association of Realtors…

— Rob Schneider 🇺🇸 (@RobSchneider) August 4, 2025

---

Both foreign investment in US housing and large investment firms, like Blackrock, are massive problems that are easily solved.

You ban foreign companies from owning U.S. property and soil and you tax the living day lights out of non owner occupied housing.

---

This would seem like an issue that could easily have bi-partisan support...but there is big corporate money involved so that always screws things up

---

Probably not bipartisan support for taxing landlords though it would be wildly popular with the public.

Should be VERY WIDE support for banning foreign ownership

FLBear5630 said:

---

Redbrickbear said:

---

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

---

"A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give."

It has the average age of the homebuyer has gone up... You just don't like the answer.

People will have to use:

Federal programs like HUD (if Trump allows them to remain) which requires 10% down.

Take advantage of mortgage programs like VA, which requires 0% down

Wait longer to save up 20%

Or sell to a 56 year old who already did one or more of the above...


As for the median housing price...

Keep in mind that any 25 year period is going to see that rise.

• Median Home Value in 1968 (south) - $16,700
• Median Home Value in 1994 (south) - $116,600

Want to look at 1943 to 68?

You guys are making news that isn't there. We all have gone through this since home buying became a thing after WW2. Before that, people rented.


Funny, but say things are a certain way enough, it becomes true. See bank runs of the past... They are going to kill what was a great housing market.

---

Much of what you talk about the younger home buyers don't qualify for or are the things they are doing to try to get to the 20% but it now takes much, much longer to save up.

Home values go up and should if you take care of it and the neighborhood doesn't go to heck. But prices have jumped too rapidly recently.

I owned my first house for just less than 10 years ( 9 years and 10 months). In that time the price almost doubled. That is a very short time for the price to jump that much. And that was just after prices came down slightly. In my neighborhood there were homes being sold for $20k, 30K or more over asking price.

cowboycwr said:

---

FLBear5630 said:

---

Redbrickbear said:

---

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

---

"A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give."

It has the average age of the homebuyer has gone up... You just don't like the answer.

People will have to use:

Federal programs like HUD (if Trump allows them to remain) which requires 10% down.

Take advantage of mortgage programs like VA, which requires 0% down

Wait longer to save up 20%

Or sell to a 56 year old who already did one or more of the above...


As for the median housing price...

Keep in mind that any 25 year period is going to see that rise.

• Median Home Value in 1968 (south) - $16,700
• Median Home Value in 1994 (south) - $116,600

Want to look at 1943 to 68?

You guys are making news that isn't there. We all have gone through this since home buying became a thing after WW2. Before that, people rented.


Funny, but say things are a certain way enough, it becomes true. See bank runs of the past... They are going to kill what was a great housing market.

---

Much of what you talk about the younger home buyers don't qualify for or are the things they are doing to try to get to the 20% but it now takes much, much longer to save up.

Home values go up and should if you take care of it and the neighborhood doesn't go to heck. But prices have jumped too rapidly recently.

I owned my first house for just less than 10 years ( 9 years and 10 months). In that time the price almost doubled. That is a very short time for the price to jump that much. And that was just after prices came down slightly. In my neighborhood there were homes being sold for $20k, 30K or more over asking price.

---

average annual increase in real estate values, over the long term, is 8-9%.

Yes, some of that is inflation. But inflation services debt......

whiterock said:

---

cowboycwr said:

---

FLBear5630 said:

---

Redbrickbear said:

---

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

---

"A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give."

It has the average age of the homebuyer has gone up... You just don't like the answer.

People will have to use:

Federal programs like HUD (if Trump allows them to remain) which requires 10% down.

Take advantage of mortgage programs like VA, which requires 0% down

Wait longer to save up 20%

Or sell to a 56 year old who already did one or more of the above...


As for the median housing price...

Keep in mind that any 25 year period is going to see that rise.

• Median Home Value in 1968 (south) - $16,700
• Median Home Value in 1994 (south) - $116,600

Want to look at 1943 to 68?

You guys are making news that isn't there. We all have gone through this since home buying became a thing after WW2. Before that, people rented.


Funny, but say things are a certain way enough, it becomes true. See bank runs of the past... They are going to kill what was a great housing market.

---

Much of what you talk about the younger home buyers don't qualify for or are the things they are doing to try to get to the 20% but it now takes much, much longer to save up.

Home values go up and should if you take care of it and the neighborhood doesn't go to heck. But prices have jumped too rapidly recently.

I owned my first house for just less than 10 years ( 9 years and 10 months). In that time the price almost doubled. That is a very short time for the price to jump that much. And that was just after prices came down slightly. In my neighborhood there were homes being sold for $20k, 30K or more over asking price.

---

average annual increase in real estate values, over the long term, is 8-9%.

Yes, some of that is inflation. But inflation services debt......

---

True but that means my house and the time period I owned it were above average.

cowboycwr said:

---

whiterock said:

---

cowboycwr said:

---

FLBear5630 said:

---

Redbrickbear said:

---

cowboycwr said:

---

boognish_bear said:

---

Redfin: U.S. housing market now 508,715 more home sellers than homebuyers

That’s the most home sellers have outmatched homebuyers in over a decade, according to Redfin pic.twitter.com/3kmfduePlh

— Lance Lambert (@NewsLambert) August 4, 2025

---

Sure doesn't feel like that is the case with prices. A lot of overpriced homes right now it seems.

---

A lot of older Americans expect to get 3-4 times what they bought their homes for in 1990s

A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give.


North Texas saw an increase of approximately 199.3% in median home value over the past 30 years (1995-2024)

---

"A lot of younger Americans have lower wages or unsteady job prospects and can not pay that.

You assume something has to give."

It has the average age of the homebuyer has gone up... You just don't like the answer.

People will have to use:

Federal programs like HUD (if Trump allows them to remain) which requires 10% down.

Take advantage of mortgage programs like VA, which requires 0% down

Wait longer to save up 20%

Or sell to a 56 year old who already did one or more of the above...


As for the median housing price...

Keep in mind that any 25 year period is going to see that rise.

• Median Home Value in 1968 (south) - $16,700
• Median Home Value in 1994 (south) - $116,600

Want to look at 1943 to 68?

You guys are making news that isn't there. We all have gone through this since home buying became a thing after WW2. Before that, people rented.


Funny, but say things are a certain way enough, it becomes true. See bank runs of the past... They are going to kill what was a great housing market.

---

Much of what you talk about the younger home buyers don't qualify for or are the things they are doing to try to get to the 20% but it now takes much, much longer to save up.

Home values go up and should if you take care of it and the neighborhood doesn't go to heck. But prices have jumped too rapidly recently.

I owned my first house for just less than 10 years ( 9 years and 10 months). In that time the price almost doubled. That is a very short time for the price to jump that much. And that was just after prices came down slightly. In my neighborhood there were homes being sold for $20k, 30K or more over asking price.

---

average annual increase in real estate values, over the long term, is 8-9%.

Yes, some of that is inflation. But inflation services debt......

---

True but that means my house and the time period I owned it were above average.

---

As someone that literally works in Urban Planning and Development, you are leaving out the specific aspects of you neighborhood and community. Your house may have outperformed the historic market, if so it probably means you live in a desirable area that is well maintained, safe, has good schools and other amenities. You pay/invested in those things through money, sweat equity and diligence. Your property, if well maintained, SHOULD outperform the historic trends. That is not a negative on the economy, it is a positive for the choices and effort you made over time. That is being brought up as a bad thing, it isn't. It is WHY we invest in our homes. People pay a premium to get into those types of areas. Otherwise, it won't be like that.

We should be celebrating it. And the young people should be saving to buy into the lowest price house they can find in those areas. Not *****ing about how bad everything is because they can't live in University Park right out of school.

This is a top suburban school district, so generally most buyers look in Spring and Summer and try to close on their home before the school year begins

— Amy Nixon (@texasrunnerDFW) August 7, 2025

Compare this clarity to today's development maze.

A Dallas school expansion died after spending $1.2 million on studies - 5 agencies couldn't agree on parking.

The same project would have broken ground in 30 days under PLSS rules:

— Marc Gravely (@MarcGravely) August 5, 2025

boognish_bear said:

---

This is a top suburban school district, so generally most buyers look in Spring and Summer and try to close on their home before the school year begins

— Amy Nixon (@texasrunnerDFW) August 7, 2025

---

On a complete unrelated note are Frisco schools even that good anymore? Or good enough to be worth that kind of price point…

This is going to blow your mind

“Me and my wife went and did the pre approval process for a mortgage loan yesterday and what the f*ck are you talking about”

“We're looking at the numbers, looking at our income, looking at our credit, and they have us at $450,000 — They have our… pic.twitter.com/Pgibl5fGFK

— Wall Street Apes (@WallStreetApes) August 7, 2025

Just because someone put it on the internet doesn't make it true. I JUST financed $439k and my mortgage payment is right on top of $3,000/mo after insurance and taxes and I'm paying to insure a pool and two 30x48 barns and $650,000 in products other than the home.

So either that dude has terrible, horrible, no good, shouldn't be buying a home credit or they live in the highest tax area of the country or he's straight up lying.

450k @ 6.48% with 0 down, $3,000/yr in property tax, $1,500/yr in insurance, .5% PMI at 30 years is $3,400/mo

If you go to 8.0% that goes to $3684

You have to go to 10% interest to get to $4500 and if you're getting 10% you don't have good enough credit to buy a $450,000 home.

When did we decide that anyone, regardless of finances, deserved a house? When did we decide that $450k was a starter home?

The fact that cities won't let people build housing at the rate it's needed is probably a big part of the affordability problem….

In what world does it make sense to deny this!?

It looks amazing, mixed use, and IT'S THE EXACT SAME SIZE AND SCALE AS THE BUILDING NEXT TO IT!!!! I'M GOING TO LOSE MY FREAKING MIND! https://t.co/4T0iAwSnNC pic.twitter.com/HL7Tih1LU8

— YIMBYLAND (@YIMBYLAND) August 8, 2025

Redbrickbear said:

---

The fact that cities won't let people build housing at the rate it's needed is probably a big part of the affordability problem….

In what world does it make sense to deny this!?

It looks amazing, mixed use, and IT'S THE EXACT SAME SIZE AND SCALE AS THE BUILDING NEXT TO IT!!!! I'M GOING TO LOSE MY FREAKING MIND! https://t.co/4T0iAwSnNC pic.twitter.com/HL7Tih1LU8

— YIMBYLAND (@YIMBYLAND) August 8, 2025

---

The benefits of more density are not always so clear when you are responsible for the logistics of providing residents with water, sewer, streets, police, fire, etc....

A 27" sewer main is +/- $3m per mile over open ground in an existing right of way. Start acquiring new rights of way, digging up streets, resolving conflicts with existing water/sewer/gas mains, etc.....and it goes north of that And that's before we talk about capacities of trunk lines, treatment plants, etc.....

There is perhaps a better argument for less density....for focusing on spreading growth out, of driving people back into smaller cities.

Redbrickbear said:

---

The fact that cities won't let people build housing at the rate it's needed is probably a big part of the affordability problem….

In what world does it make sense to deny this!?

It looks amazing, mixed use, and IT'S THE EXACT SAME SIZE AND SCALE AS THE BUILDING NEXT TO IT!!!! I'M GOING TO LOSE MY FREAKING MIND! https://t.co/4T0iAwSnNC pic.twitter.com/HL7Tih1LU8

— YIMBYLAND (@YIMBYLAND) August 8, 2025

---

too many windows and the top of the building needs an detail to better fit the aesthetic of the neighborhood.

Thats just me being picky, they probably should have approved it as is

whiterock said:

---

Redbrickbear said:

---

The fact that cities won't let people build housing at the rate it's needed is probably a big part of the affordability problem….

In what world does it make sense to deny this!?

It looks amazing, mixed use, and IT'S THE EXACT SAME SIZE AND SCALE AS THE BUILDING NEXT TO IT!!!! I'M GOING TO LOSE MY FREAKING MIND! https://t.co/4T0iAwSnNC pic.twitter.com/HL7Tih1LU8

— YIMBYLAND (@YIMBYLAND) August 8, 2025

---

The benefits of more density are not always so clear when you are responsible for the logistics of providing residents with water, sewer, streets, police, fire, etc....

A 27" sewer main is +/- $3m per mile over open ground in an existing right of way. Start acquiring new rights of way, digging up streets, resolving conflicts with existing water/sewer/gas mains, etc.....and it goes north of that And that's before we talk about capacities of trunk lines, treatment plants, etc.....

There is perhaps a better argument for less density....for focusing on spreading growth out, of driving people back into smaller cities.

---

Most of the density push was to try and support transit and limit urban service boundaries, especially wastewater. In the 80's FL allowed "package wastewater plants" for developments and septic tanks. FL was floating on a layer of *****.. Now, you have to either be big enough to provide the utilitity, small enough to warrant septic tanks or hook into municipal lines.

It was becoming an environmental issue, by that I mean drinking water mostly.

"The housing market is making Americans have fewer babies," per BI

— unusual_whales (@unusual_whales) August 8, 2025

nein51 said:

---

Just because someone put it on the internet doesn't make it true. I JUST financed $439k and my mortgage payment is right on top of $3,000/mo after insurance and taxes and I'm paying to insure a pool and two 30x48 barns and $650,000 in products other than the home.

So either that dude has terrible, horrible, no good, shouldn't be buying a home credit or they live in the highest tax area of the country or he's straight up lying.

450k @ 6.48% with 0 down, $3,000/yr in property tax, $1,500/yr in insurance, .5% PMI at 30 years is $3,400/mo

If you go to 8.0% that goes to $3684

You have to go to 10% interest to get to $4500 and if you're getting 10% you don't have good enough credit to buy a $450,000 home.

When did we decide that anyone, regardless of finances, deserved a house? When did we decide that $450k was a starter home?

---

$3,000/yr in property tax? What state? Colorado?

Fre3dombear said:

---

nein51 said:

---

Just because someone put it on the internet doesn't make it true. I JUST financed $439k and my mortgage payment is right on top of $3,000/mo after insurance and taxes and I'm paying to insure a pool and two 30x48 barns and $650,000 in products other than the home.

So either that dude has terrible, horrible, no good, shouldn't be buying a home credit or they live in the highest tax area of the country or he's straight up lying.

450k @ 6.48% with 0 down, $3,000/yr in property tax, $1,500/yr in insurance, .5% PMI at 30 years is $3,400/mo

If you go to 8.0% that goes to $3684

You have to go to 10% interest to get to $4500 and if you're getting 10% you don't have good enough credit to buy a $450,000 home.

When did we decide that anyone, regardless of finances, deserved a house? When did we decide that $450k was a starter home?

---

$3,000/yr in property tax? What state? Colorado?

---

Mine are actually lower but we own a farm. Property tax on 10+ acres and our home are $2300/yr.

The reason I put the numbers in was so you could easily do the math and add whatever you want to it.

FTR any state that has a state income tax will tend to have lower property taxes. Texas's no income tax has always meant ridiculous property taxes.

nein51 said:

---

Fre3dombear said:

---

nein51 said:

---

Just because someone put it on the internet doesn't make it true. I JUST financed $439k and my mortgage payment is right on top of $3,000/mo after insurance and taxes and I'm paying to insure a pool and two 30x48 barns and $650,000 in products other than the home.

So either that dude has terrible, horrible, no good, shouldn't be buying a home credit or they live in the highest tax area of the country or he's straight up lying.

450k @ 6.48% with 0 down, $3,000/yr in property tax, $1,500/yr in insurance, .5% PMI at 30 years is $3,400/mo

If you go to 8.0% that goes to $3684

You have to go to 10% interest to get to $4500 and if you're getting 10% you don't have good enough credit to buy a $450,000 home.

When did we decide that anyone, regardless of finances, deserved a house? When did we decide that $450k was a starter home?

---

$3,000/yr in property tax? What state? Colorado?

---

Mine are actually lower but we own a farm. Property tax on 10+ acres and our home are $2300/yr.

The reason I put the numbers in was so you could easily do the math and add whatever you want to it.

FTR any state that has a state income tax will tend to have lower property taxes. Texas's no income tax has always meant ridiculous property taxes.

---

For sure. I deal with a lot of teap estate so was curious of your logic on the numbers. Makes sense. Yep. All a scam.

Fre3dombear said:

---

nein51 said:

---

Just because someone put it on the internet doesn't make it true. I JUST financed $439k and my mortgage payment is right on top of $3,000/mo after insurance and taxes and I'm paying to insure a pool and two 30x48 barns and $650,000 in products other than the home.

So either that dude has terrible, horrible, no good, shouldn't be buying a home credit or they live in the highest tax area of the country or he's straight up lying.

450k @ 6.48% with 0 down, $3,000/yr in property tax, $1,500/yr in insurance, .5% PMI at 30 years is $3,400/mo

If you go to 8.0% that goes to $3684

You have to go to 10% interest to get to $4500 and if you're getting 10% you don't have good enough credit to buy a $450,000 home.

When did we decide that anyone, regardless of finances, deserved a house? When did we decide that $450k was a starter home?

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$3,000/yr in property tax? What state? Colorado?

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Colorado is great for RE taxes. I'm currently here at my place. I only pay $4500 per year. Same value in Dallas would be $55,000. Yikes. I have come to the conclusion that Dallas Taxes are absurd, particularly if you want another residence in Texas....ie lakehouse. Been there done that. My kids are on my ass for a lakehouse and no thank you. Told them we can go rent one anytime.

"Although relatively affluent, highly educated white liberals are among the strongest proponents of affordable housing in principle, they often adopt a 'not in my backyard' position...as cities trend increasingly left, denizens tend to choke off new housing development." pic.twitter.com/FfN3Rtt3Tl

— Rob Henderson (@robkhenderson) August 9, 2025

Quote:

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Been there done that. My kids are on my ass for a lakehouse and no thank you. Told them we can go rent one anytime.

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Get an RV/fifth wheel/travel trailer. It is a lake house you can take to more than one lake.