That fucking sucks, but don’t apply your anecdotes as general truths. I have the opposite experience.
Wife and I built a new home with family help on the downpayment. Doubled sq ft, 1.5x previous rent, house increased value significantly between contract and move in. Farther from work but closer to highway so commute times unaffected. Saved up enough to pay back the downpayment help over the course of a year.
I’m a massive outlier, and most people have experiences closer to yours, but it’s not an across the board thing. So fucking much of the housing market depends on location.
So you got a zero percent loan requiring no collateral for a piece of land? I’m happy for you, but you do realize how few people that’s available to right?
Look I’m happy for you, but I’m from an area where this is all very different from where I ended up.
Im sorry, but I do think thats a massive part of this conversation. There are plenty of places where housing is still affordable, but relocation is a thing, and more importantly, so is the tie to pensions funds and investment in major metros.
All of that to say, I’m glad to say it worked out for you and yours, but it’s just not relevant in this conversation, at least as long as social security requires people changing tires in Atlanta Georgia.
plenty of places where housing is still affordable
There are even places where people would give you houses nearly for free, but nobody wants to live there and the infrastructure is crap.
Edit: Seems there are really some houses in Germany that are 100% free, but they have expensive liabilities like mandatory redevelopment etc. There are reasons why the previous owner gave up ownership instead of selling it.
Absolutely. But that also skirts the fact that the economy, globally, depends on rent in Manhattan being high. Like as shitty as the rent is, the bigger problem is how much of that “you’re paying someone else mortgage” thing is true and wayyyyy over optimized.
Roll into that the fact that the whole rising/uninsurable thing in Florida is come for literally everywhere near sea level… Which is every major metro in the usa… It’s a problem.
That fucking sucks, but don’t apply your anecdotes as general truths. I have the opposite experience.
Wife and I built a new home with family help on the downpayment. Doubled sq ft, 1.5x previous rent, house increased value significantly between contract and move in. Farther from work but closer to highway so commute times unaffected. Saved up enough to pay back the downpayment help over the course of a year.
I’m a massive outlier, and most people have experiences closer to yours, but it’s not an across the board thing. So fucking much of the housing market depends on location.
So you got a zero percent loan requiring no collateral for a piece of land? I’m happy for you, but you do realize how few people that’s available to right?
no shit cry baby. guess you only seen “zero interest loan” and not MASSIVE OUTLIER
Look I’m happy for you, but I’m from an area where this is all very different from where I ended up.
Im sorry, but I do think thats a massive part of this conversation. There are plenty of places where housing is still affordable, but relocation is a thing, and more importantly, so is the tie to pensions funds and investment in major metros.
All of that to say, I’m glad to say it worked out for you and yours, but it’s just not relevant in this conversation, at least as long as social security requires people changing tires in Atlanta Georgia.
wasn’t me. I just wanted to call you a crybaby
Lmfao. Points for clarity I guess? Thanks for the laugh.
There are even places where people would give you houses nearly for free, but nobody wants to live there and the infrastructure is crap.
Edit: Seems there are really some houses in Germany that are 100% free, but they have expensive liabilities like mandatory redevelopment etc. There are reasons why the previous owner gave up ownership instead of selling it.
Absolutely. But that also skirts the fact that the economy, globally, depends on rent in Manhattan being high. Like as shitty as the rent is, the bigger problem is how much of that “you’re paying someone else mortgage” thing is true and wayyyyy over optimized.
Roll into that the fact that the whole rising/uninsurable thing in Florida is come for literally everywhere near sea level… Which is every major metro in the usa… It’s a problem.