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?
108,668 Views |
1362 Replies |
Last: 20 hrs ago by boognish_bear
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
FAREED ZAKARIA: “if America has an affordability crisis, it tends to be in places Democrats govern like in New York, Illinois, and California, which all feature high taxes, soaring housing costs, and stagnant outcomes in education and infrastructure.”
— Rothmus 🏴 (@Rothmus) January 19, 2026
“The result is a paradox… pic.twitter.com/0CyLxfrv93
The problem is still crappy salaries and wages while the cost of essentials is too high.
Housing, food, insurance and healthcare costs are ridiculous. If we could just solely focus on getting those costs down, it would change everything.
Housing, food, insurance and healthcare costs are ridiculous. If we could just solely focus on getting those costs down, it would change everything.
Doc Holliday said:
The problem is still crappy salaries and wages while the cost of essentials is too high.
Housing, food, insurance and healthcare costs are ridiculous. If we could just solely focus on getting those costs down, it would change everything.
Costs will not go down unless salaries come down. Payroll is the single biggest expense in virtually every business. As payroll rises costs will rise and they will rise at a rate greater than payroll.
In most P&L the net net is between 9-11%. If payroll (or any expense) rises $1 then sales have to rise $10 and that's just to break even.
You can't pay unskilled labor $20 an hour. It's how you end up with $13 happy meals.
Agreed, we're in a bad spot.nein51 said:Doc Holliday said:
The problem is still crappy salaries and wages while the cost of essentials is too high.
Housing, food, insurance and healthcare costs are ridiculous. If we could just solely focus on getting those costs down, it would change everything.
Costs will not go down unless salaries come down. Payroll is the single biggest expense in virtually every business. As payroll rises costs will rise and they will rise at a rate greater than payroll.
In most P&L the net net is between 9-11%. If payroll (or any expense) rises $1 then sales have to rise $10 and that's just to break even.
You can't pay unskilled labor $20 an hour. It's how you end up with $13 happy meals.
Not great news for the youngins
Trump: I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes. You can be sure that will happen pic.twitter.com/9BupkUmXss
— Acyn (@Acyn) January 29, 2026
boognish_bear said:
Not great news for the younginsTrump: I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes. You can be sure that will happen pic.twitter.com/9BupkUmXss
— Acyn (@Acyn) January 29, 2026
That's what driving down interest rates does
or people that own homes that keep having increased property taxes due to increased home valueboognish_bear said:
Not great news for the younginsTrump: I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes. You can be sure that will happen pic.twitter.com/9BupkUmXss
— Acyn (@Acyn) January 29, 2026
Adopt A Bear 2025
94 Palmer Williams
Ray Guy Award Watch List
• Preseason Second-Team All-America (Phil Steele)
• Preseason Third-Team All-America (Athlon)
• Preseason All-Big 12 (Big 12 Media)
• Preseason First-Team All-Big 12 (Athlon, Phil Steele)
94 Palmer Williams
Ray Guy Award Watch List
• Preseason Second-Team All-America (Phil Steele)
• Preseason Third-Team All-America (Athlon)
• Preseason All-Big 12 (Big 12 Media)
• Preseason First-Team All-Big 12 (Athlon, Phil Steele)
Trump: People that own their homes, we're gonna keep them wealthy. We're gonna keep those prices up. We're not gonna destroy the value of their homes, so that somebody that didn't work very hard can buy a home…I want to drive housing prices up
— Republicans against Trump (@RpsAgainstTrump) January 29, 2026
pic.twitter.com/lKrhYjeCsQ
4th and Inches said:boognish_bear said:
Not great news for the younginsTrump: I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes. You can be sure that will happen pic.twitter.com/9BupkUmXss
— Acyn (@Acyn) January 29, 2026
or people that own homes that keep having increased property taxes due to increased home value
Plus increased homeowners insurance
From the @latimes: “L.A. rent prices drop to four-year low”
— Project for Immigration Reform (@PFIRorg) January 29, 2026
Buried inside is a quiet admission that deportations have raised vacancies, forcing landlords to compete and cut deals. This is the story @JDVance and the administration should be highlighting. pic.twitter.com/wTsdUXOqKG
boognish_bear said: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
Yep
It's simple math
The majority of Americans are just not making enough money to afford the ever increasing cost of buying a home
(The reason why that is…no doubt is something we can argue about)
Richard Nixon was raised in a Sears catalogue home his father built by hand. It's now illegal to build that same house.
— State Leadership Initiative (@RedStatesLead) January 30, 2026
All across this country the history that built this nation was outlawed for safetyism. That needs to end. https://t.co/AP0CDAUUHk pic.twitter.com/cfmQKtLkAk