I have an idea that should help with demand:

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Jan 6, 2025
11:57:43pm

mulletino Truly Addicted User

Let’s print trillions of new dollars and let in 20M more illegals.

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mulletino

Previous username: BYU-Provo
Bio page: mulletino
Joined: Feb 21, 2002
Last login: Mar 10, 2025
Total posts: 62,097 (13,567 FO)

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Messages

Author

Time

Housing prices are a nation wide problem.

stenso

Jan 6, 11:08pm

You know things are bad when TNT is grateful he has a cardboard box

TNT

Jan 6, 11:15pm

Pick your spot. I didn't buy a house until I was 46.

Cougar Junkie

Jan 6, 11:17pm

5 year old news and some Utahns still think it's an isolated issue.

rad dawg

Jan 6, 11:22pm

Did they make out like bandits or not. Cost of a dream home in South Orange

Cougarbib

Jan 6, 11:32pm

Are you calling south orange county a lower cost of living area?

rad dawg

Jan 6, 11:36pm

Not sure u understood your own post. Work from anywhere people can still

Cougarbib

Jan 6, 11:48pm

Haha. The American dream to live in an apartment.

YbeatsU

Jan 7, 4:28am

For some people it is. Everyone needs a place to live and the high cost of

Cougarbib

Jan 7, 2:28pm

it happened everywhere, but not nearly the same magnitude

LeonMarek

Jan 7, 7:26am

I encourage you to shop places like Dubuque Iowa, etc. Home prices may

Cougarbib

Jan 6, 11:31pm

So are median household incomes.

rad dawg

Jan 6, 11:37pm

I was responding to the work from anywhere guy. OTOH - move there and

Cougarbib

Jan 6, 11:41pm

Im the guy, and it's a terrible take.

rad dawg

Jan 6, 11:48pm

It can be the magical personal solution to an individuals housing crisis. People

Cougarbib

Jan 6, 11:53pm

It is not a viable solution in any way. I've been there first hand.

rad dawg

Jan 7, 12:15am

Help me understand the perspective here because I'm not sure I'm following.

CougaRR4L

Jan 7, 1:51am

he did say median household income is under 70k, so that total number under 70k

cwilke1

Jan 7, 5:57am

Median HOUSEHOLD income here is ~$64k.

rad dawg

Jan 7, 8:27am

I think Texas state income tax is zero. That offsets the 4.5 % you quoted.

grandpacoug

Jan 7, 8:33am

Hence why I compared the prop tax to Utah income tax.

rad dawg

Jan 7, 9:01am

I must've missed that comparison. It was early..

grandpacoug

Jan 7, 3:31pm

Misread that. So those numbers are the exact same as my family

CougaRR4L

Jan 7, 9:55am

yes I think he is arguing not how bad things are for him personally but how

cwilke1

Jan 7, 10:01am

Remote work does solve the problem for that individual.

rad dawg

Jan 7, 10:22am

Gotcha. Can't disagree with you there. Inflation has gone crazy

CougaRR4L

Jan 7, 12:12pm

If supply is "through the roof", then basic economic principles should be coming

Ghost of Peanut

Jan 7, 6:41am

They are coming in to play and you can see this all for yourself.

rad dawg

Jan 7, 8:53am

So basic economic principles are working.

Ghost of Peanut

Jan 7, 9:03am

Its well on its way to working, but is going to take time.

rad dawg

Jan 7, 9:20am

Nothing about our housing market resembles a free market.

Shore10

Jan 7, 11:00am

Free market has endangered too many powerful people. It's gone.

Shore10

Jan 7, 6:50am

That is silly. The only solution is to build more housing.

Cougarbib

Jan 7, 2:52pm

Really? Why are Lennar and DR Horton stock down double digits in 30 days?

rad dawg

Jan 7, 3:00pm

Big builders are sitting on tons of unsold inventory right now.

Spindash

Jan 7, 4:01pm

If true, more price drops ind interest subsidies are coming your way. I have

Cougarbib

Jan 8, 4:05pm

I think that's right. And that's exactly the guidance Lennar was projecting...

Spindash

Jan 9, 11:09am

Yes, but, this Toyota ad keeps locking up my screen killing my well thought out

Cougarbib

Jan 9, 1:57pm

Yep.

Spindash

Jan 9, 7:15pm

Building the wrong kind of housing. More entry level apartments and lower

Cougarbib

Jan 8, 4:00pm

Good luck building small homes.

Shore10

Jan 8, 4:04pm

They are popping up along with apartments all over the place. The govt even

Cougarbib

Jan 8, 4:10pm

Congratulations, you just debunked your own narrative.

rad dawg

Jan 8, 4:23pm

Because markets respond to market issues. Housing supply has been increasing

Cougarbib

Jan 8, 4:53pm

I don't buy it. We saw interest rates dip back to the 5's

rad dawg

Jan 8, 5:06pm

And the quality of these homes is terrible.

Shore10

Jan 8, 5:19pm

Well - you wanted lower prices. You are going to get smaller lots, smaller

Cougarbib

Jan 8, 6:57pm

You're ridiculous.

Shore10

Jan 8, 10:23pm

New homes come with a warranty. You are being ridiculous.

Cougarbib

Jan 8, 10:42pm

Rates are part of pricing. This is not difficult to understand. Rates dropping

Cougarbib

Jan 8, 6:54pm

They're dropping a few percent but have risen 50 - 100% recently.

Shore10

Jan 8, 10:26pm

They may need to learn what the definition of a starter home is. My 1st home

Cougarbib

Jan 8, 10:51pm

It’s also hope for a rate in the 2% and 3%.

conetah

Jan 8, 11:27pm

Be happy. If they are sitting in inventory - prices are about to drop. If it is

Cougarbib

Jan 8, 4:03pm

The problem with moving to Iowa is that then you have to live in Iowa.

garyfan

Jan 7, 12:28am

And what is the problem with that? And what are you comparing it to? If

Submariner

Jan 7, 7:51am

For someone that is truly WFH, Try this: go to Weslaco, TX RE & for more exact

grandpacoug

Jan 7, 4:16am

Prices are dealing in San Francisco. 🙂

roseyscenario

Jan 6, 11:35pm

I have an idea that should help with demand:

mulletino

Jan 6, 11:57pm

RE: I have an idea that should help with demand:

Courtimedes

Jan 7, 6:35am

Any comparison of home prices needs to be standardized with median Income.

conetah

Jan 7, 12:02am

Nobody is going to sell their home/s right now. Not going to change until...

Shore10

Jan 7, 4:28am

Don't wish for a pop decrease.

C-dubb

Jan 7, 4:56am

Population decrease comes in many forms.

Shore10

Jan 7, 6:32am

And all of them destroy local economies

C-dubb

Jan 7, 7:31am

so does overpopulation

LeonMarek

Jan 7, 7:35am

Isn't this a myth?

Courtimedes

Jan 7, 10:14am

To be fair, most of the things I mentioned also destroy local economies.

conetah

Jan 7, 8:36am

What does?

Shore10

Jan 7, 11:31am

We bought in 2021 and were told we were crazy for doing so. I'm really glad we

Magneto

Jan 7, 10:35am

And should be standardized with home size / quality

MyTwoCents

Jan 7, 11:14am

And land/ lot size standardized...

NYC and Japan

Jan 7, 1:16pm

I hate the new trend of big 2000+ sq foot houses on tiny lots.

Spindash

Jan 7, 1:34pm

This is a good point. Lot’s of houses being built on a tiny piece of land.

Powerbait DPM

Jan 7, 1:35pm

This is a popular idea but also falls apart under close scrutiny.

rad dawg

Jan 7, 2:25pm

Buy homes in WV or the Midwest? They have great ratios because they’re bleeding

BYU'01

Jan 7, 5:03pm

You think federal land is what’s holding back housing inventory?

conetah

Jan 8, 11:04pm

It’s painful for anyone looking to get out of renting. I’m sick of paying 3k/mo

Powerbait DPM

Jan 7, 1:33pm

It’s true. The cost to rent vs cost to buy is way out of whack right now.

Spindash

Jan 7, 2:08pm

Exactly. It’s going to probably end up being a financial decision vs happiness

Powerbait DPM

Jan 7, 2:41pm

It’s bad right now. Fortunately, it usually returns somewhat to even…

Spindash

Jan 7, 3:44pm

Sadly, the government intervenes too often for any meaningful correction now.

Shore10

Jan 7, 4:27pm

The best thing would be to do nothing and let the free market correct with

Powerbait DPM

Jan 7, 4:46pm

Absolutely. But a market correction wouldn't be the best thing for wealthy...

Shore10

Jan 8, 2:18pm

Where on this planet are apartment complexes going under? Maybe in

Cougarbib

Jan 8, 4:12pm

Seeing a lot of it in central Texas.

rad dawg

Jan 8, 4:27pm

I don’t care about data sets. I am a landlord. Rents are way up and

Cougarbib

Jan 8, 4:57pm

Right after u suggest let the free market correct - u start suggesting

Cougarbib

Jan 8, 3:56pm

They absolutely do, however, I'm somewhat hopeful that pattern has ended.

Spindash

Jan 9, 11:19am

The Fed is only one of many factors. As with everything - it is not just one

Cougarbib

Jan 9, 2:28pm

They are the gatekeeper to all money. They are a massive part of the problem.

Shore10

Jan 9, 3:07pm

Just one, but by far the biggest in the macro environment.

Spindash

Jan 9, 4:17pm

Simplifying this for normal people - 3% interest rates are not even nearly

Cougarbib

Jan 9, 5:57pm

The fascinating thing is how much it really did impact demand.

Spindash

Jan 9, 7:05pm

There are some tax $$ benefits by owning that don't exist when renting.

grandpacoug

Jan 7, 3:54pm

There absolutely are. Lots of other benefits too.

Spindash

Jan 7, 4:07pm

Outside of deductible of interest and property taxes. What other benefits are

Powerbait DPM

Jan 7, 4:49pm

Depreciation is arguably the most significant

rad dawg

Jan 7, 5:07pm

Yup, this drives people with money to buy rental properties and price out those

Powerbait DPM

Jan 7, 5:18pm

It can also be used as collateral for additional loans like HELOC.

Shore10

Jan 8, 2:20pm

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