nein51 said:
FTR while that exists I think that's exceedingly rare. Like maybe .01% of people are doing that.
Ya... i'm just joking around about it... at least I hope I am.
Why can't young people afford houses?
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Ya... i'm just joking around about it... at least I hope I am.
That is until someone like Rachael from Blade Runner knocks on your door…lolnein51 said:
FTR while that exists I think that's exceedingly rare. Like maybe .01% of people are doing that.
sombear said:Redbrickbear said:The median family income in the U.S. has gone from $10,000 in 1970 to $106,000 today, an increase of 10x.
— Andrew Lokenauth | TheFinanceNewsletter.com (@FluentInFinance) December 28, 2025
However, the median cost of a house has gone from $25,000 to $445,000, an increase of 17x.
And the median cost of a car has gone from $3,600 to $50,000, an increase of… https://t.co/pZaIWY9vjK
Far higher interest rates back then, plus we have far more 2-income households now.
And I still maintain these numbers are skewed by the dramatic increase in the number and cost of higher end homes.
I posted a while back the average starter home costs through the U.S. They are very much affordable.
I don't think they're affordable at all.
A $380k home will likely run about $3400/month. That's mortgage/property taxes alone. Then tack on insurance, HOA etc. You're probably going to spend like $50k a year all in with maintenance and everything for about as cheap as you can get a home without living in a rough area.
Doc Holliday said:sombear said:Redbrickbear said:The median family income in the U.S. has gone from $10,000 in 1970 to $106,000 today, an increase of 10x.
— Andrew Lokenauth | TheFinanceNewsletter.com (@FluentInFinance) December 28, 2025
However, the median cost of a house has gone from $25,000 to $445,000, an increase of 17x.
And the median cost of a car has gone from $3,600 to $50,000, an increase of… https://t.co/pZaIWY9vjK
Far higher interest rates back then, plus we have far more 2-income households now.
And I still maintain these numbers are skewed by the dramatic increase in the number and cost of higher end homes.
I posted a while back the average starter home costs through the U.S. They are very much affordable.
I don't think they're affordable at all.
A $380k home will likely run about $3400/month. That's mortgage/property taxes alone. Then tack on insurance, HOA etc. You're probably going to spend like $50k a year all in with maintenance and everything for about as cheap as you can get a home without living in a rough area.
The payment on my $435,000 farm is right $3,000/mo including everything.
The P&I on 380k at 6.5% is $2400 but that's with 0 down. At 10% down that's $2161. At 20% down thats $1921.
You can find rates as low as 6.1% today which drops another $80-$100/mo from those payments.
BREAKING: President Trump orders the US government to buy $200 billion in mortgage bonds to drive mortgage rates down.
— The Kobeissi Letter (@KobeissiLetter) January 8, 2026
"We are bringing back the American dream," Trump says. pic.twitter.com/c6zzgCPriC
— G (@stevensongs) January 7, 2026
BREAKING: Mortgage rates are now at a 3 year low under President Trump, per Fox News.
— Leading Report (@LeadingReport) January 12, 2026
I deeply respect Boomers for their wisdom, integrity, and principled opposition to Socialist government handouts. For this reason, I look forward to Boomers complaining about the $200 billion Socialist handout injected into the housing market to artificially prop up their assets. pic.twitter.com/ynQtiLneNn
— Fugitive Caesar (@ThomBrady5) January 15, 2026
If everything is the fault of the boomers then nothing is the fault of the boomers.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
nein51 said:
If everything is the fault of the boomers then nothing is the fault of the boomers.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
exactly. How do we surgically punish boomers? How do we enact policy which does great harm to that generation but no others?
whiterock said:nein51 said:
If everything is the fault of the boomers then nothing is the fault of the boomers.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
exactly. How do we surgically punish boomers? How do we enact policy which does great harm to that generation but no others?
I mean, why would want to?
nein51 said:whiterock said:nein51 said:
If everything is the fault of the boomers then nothing is the fault of the boomers.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
exactly. How do we surgically punish boomers? How do we enact policy which does great harm to that generation but no others?
I mean, why would want to?
Exactly. Punishing Jews, punishing Kulaks, punishing Capitalists, etc...... it's all the same thing = misguided people seeking to expiate their angst by blaming someone else for all their problems.
"Why don't we take your parent's property upon their death in order to reduce the national debt? Of course, you'll inherit nothing, but at least there is a greater good - no public debt service for your generation to worry about. Look how hard we screwed those evil Boomers!"
nein51 said:
If everything is the fault of the boomers then nothing is the fault of the boomers.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
No everything is the fault of the boomers...I will admit
I just thought it was a funny tweet.
And even funnier that its kind of true....we do inflate the housing market to help older home owners.
Redbrickbear said:nein51 said:
If everything is the fault of the boomers then nothing is the fault of the boomers.
Blaming the boomers for everything is this generations Nickleback. Theres literally no good reason to hate it, they don't know why they hate it, they have just been told to hate it so they do.
No everything is the fault of the boomers...I will admit
I just thought it was a funny tweet.
And even funnier that its kind of true....we do inflate the housing market to help older home owners.
Attempts to lower mortgage rates are an attempt to appease younger buyers not inflate home prices. The problem is younger buyers seem to be too stupid to understand there is a correlation between the two things.
If you want to argue politicians follow the money and boomers have way more of it I can get behind that argument.
But this constant talking out of both sides of the mouth (not from you personally) is just getting tiresome.
[Stupid boomer government is doing nothing to up us…does everything to try to lower interest rates
Stupid government helping these boomers drive up home prices.]
As interest rates go down, home buying (demand) increases, as home buying increases prices increase ( because supply decreases). It's a basic tenet of supply and demand.
Average 30-Year Mortgage Rate in the US…
— Charlie Bilello (@charliebilello) January 16, 2026
1970s: 8.9%
1980s: 12.7%
1990s: 8.1%
2000s: 6.3%
2010s: 4.1%
2020s: 5.3%
---
All-Time Low (Jan 2021): 2.65%
2023 Peak (Oct 2023): 7.79%
Today's Rate: 6.06% (lowest since Sep 2022) pic.twitter.com/5RR071SjTN
Never a bad time to talk about how absolutely insane this policy is. We have these big, highly productive cities in which it’s really difficult to build any new housing for the millions of people who want to live there, which means that the existing units are in high demand and… https://t.co/sMyPxBz3Ob
— wanye (@xwanyex) January 15, 2026
GDP hits 5.5%.
— Peter St Onge, Ph.D. (@profstonge) January 16, 2026
Meaning the American economy is now growing faster than China.
- Productivity growth tripled
- Wages are growing 3.8%
- Layoffs are the lowest since 2022
- Inflation is just 1.7% per Truflation
This is the crash legacy media and economists swore was coming. pic.twitter.com/VSs011nyAy
Here’s the math behind the anger — and the fuel behind populism.
— Anthony Scaramucci (@Scaramucci) January 16, 2026
The median home price is about $432,000.
To buy that house without being crushed, you need to earn roughly $131,000 a year.
The median income in the U.S. is approximately $84,000.
That’s a $50,000 gap — which… pic.twitter.com/Dqb3MdUrX7
BREAKING: U.S. Foreclosure rates up 14%, Florida topping the nation.
— Polymarket (@Polymarket) January 17, 2026