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

Jan 7, 2025
1:33:49pm

Powerbait DPM All-American

For a house that’s falling apart because of cheap repairs and 20+ years of rental wear and tear. But anything similar to what we are renting is going to be 4-5k/month to buy.

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Powerbait DPM

Previous username: Powerbait DPM studnt
Bio page: Powerbait DPM
Joined: May 29, 2015
Last login: Jan 9, 2025
Total posts: 9,075 (8 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

it happened everywhere, but not nearly the same magnitude

LeonMarek

Jan 7, 7:26am

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

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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