I remember a few years ago all the Dems complaining that voter sentiment wasn’t accurate about affordability—that Biden had moved the needle and prices weren’t so high anymore, that they just had a wrong perception of it all, while Republicans were banging the affordability drum.
Somehow it’s all changed. Again. Huh.
Democrats paid the price for that, too. And Republicans will be soon enough.
@carramrod rate was shit but the cost was comparatively low. We’re at $500k now for an average house
so because you have a bunch of money to buy stuff, you think everyone does?Horse hockey.
We piss away huge sums of money on phones, streaming services, eating out, coffee drive throughs, shoes, perfect teeth, impulse purchases, stylish home decorating and upgrades, automobiles where gadgets have gadgets and more. I used to change my own oil, now it’s $300. Put in my own points and plugs, now cars don’t need those, but they have very expensive computer systems. My dad had one or two sweatshirts, I’ve got dozen or more and I downsized. Yeah, I stand by my statement that a big part of affordable life is the choices you make. .
Also I can't figure out your oil changing comment. Why did you stop changing your own oil? And who is charging you $300? That is crazy highway robbery. Probably a scammer taking advantage of an out of touch boomer.
@bradstevens Bingo. There is no more loser of a strategy in politics than trying to convince the voters that they are wrong to feel how they feel. All the graphs in the world aren't going to make Joe Blow say, "Huh, yeah, I never thought about it like that before, I guess I am doing okay, after all."
@carramrod rate was shit but the cost was comparatively low. We’re at $500k now for an average house
Isn’t the whole reason for the upset about being locked out of the housing market the fact that home equity is an important vehicle for building wealth? Especially for the middle class.
How do you do that with a 12% rate?
@carramrod I think the upset is income to cost ratio. People can’t come up with a down. Can’t qualify. The rate was higher but the size of the loan was manageable.
opening day for old man soccer and I’m probably on my 15th Mich ultra so Ii disclaim anything I write.
incidentally that Mich ultra is now popular is absolutely shocking. Dogshit beer. The power of marketing
@carramrod rate was shit but the cost was comparatively low. We’re at $500k now for an average house
Isn’t the whole reason for the upset about being locked out of the housing market the fact that home equity is an important vehicle for building wealth? Especially for the middle class.
How do you do that with a 12% rate?
You don't. But you keep plugging away until you can refinance once rates come down to Earth.
I'm also thinking that time period -- mid to late 70s -- was when most mortgages went from 15 year to 30 year (bicbw).
People will buy whatever they think they can afford based on the payment. If you are determined to buy a house or a car, that's all you're concerned about.
incidentally that Mich ultra is now popular is absolutely shocking. Dogshit beer. The power of marketing
Diet beers are such a scam. Most of the calories in beer come from the alcohol itself. Yeah, there's some extra carbs in there, too, but most of it is alcohol. So Mich ultra has fewer calories, but it's also only 4% ABV, so you drink more of them and get most of those calories back, anyway. Plus you have to piss more often because you're chugging them.
@carramrod I think the upset is income to cost ratio. People can’t come up with a down. Can’t qualify. The rate was higher but the size of the loan was manageable.
Back in the day it was commonplace for parents to "loan" you enough for the down payment. May not be the case anymore. But the fact that you don't even have enough for a down payment is a red flag in itself. Says you don't have the discipline to save, or you're unwilling to delay gratification. But no worry, the lenders will make up for it with higher rates and PMI and all the shit. Do you care? Not if you think you can make the payment, even if there's nothing left to cover emergencies or repairs or whatever. It's called being "house poor."
Horse hockey.
We piss away huge sums of money on phones, streaming services, eating out, coffee drive throughs, shoes, perfect teeth, impulse purchases, stylish home decorating and upgrades, automobiles where gadgets have gadgets and more. I used to change my own oil, now it’s $300. Put in my own points and plugs, now cars don’t need those, but they have very expensive computer systems. My dad had one or two sweatshirts, I’ve got dozen or more and I downsized. Yeah, I stand by my statement that a big part of affordable life is the choices you make. .
That doesn't change anything. Wasting money on other stuff doesn't make the house and necessities any cheaper.
Just a dishonest yabbut
If only there was a way for someone to protect themselves against governments stealing their purchasing power😉
Also, the goal isn't being better off than 60 years ago. I hope that billions of people working daily for decades creates enough productivity gains so we're better off today than half a century ago. The problem is everyone needs to share in the gains at similar rate. I'd they don't you're going to start seeing people get pissed off.
Also, CPI inflation is a sh#t measurement. Change it to money supply growth and the numbers don't look that good and are closer to how people feel.
@carramrod rate was shit but the cost was comparatively low. We’re at $500k now for an average house
Isn’t the whole reason for the upset about being locked out of the housing market the fact that home equity is an important vehicle for building wealth? Especially for the middle class.
How do you do that with a 12% rate?
You don't. But you keep plugging away until you can refinance once rates come down to Earth.
I'm also thinking that time period -- mid to late 70s -- was when most mortgages went from 15 year to 30 year (bicbw).
People will buy whatever they think they can afford based on the payment. If you are determined to buy a house or a car, that's all you're concerned about.
Thats what I tell the zoomers looking to save up for a down payment. Keep plugging away.
incidentally that Mich ultra is now popular is absolutely shocking. Dogshit beer. The power of marketing
Diet beers are such a scam. Most of the calories in beer come from the alcohol itself. Yeah, there's some extra carbs in there, too, but most of it is alcohol. So Mich ultra has fewer calories, but it's also only 4% ABV, so you drink more of them and get most of those calories back, anyway. Plus you have to piss more often because you're chugging them.
There are no carbs in alcohol. I can drink a scotch or rye whiskey on the rocks and it will be zero carbs. Beer has carbs.
I think the alcohol gets broken down into sugar. That's why they feed ice cream to people in detox.
Do you know what Mich ultra used to be called?@carramrod I think the upset is income to cost ratio. People can’t come up with a down. Can’t qualify. The rate was higher but the size of the loan was manageable.
opening day for old man soccer and I’m probably on my 15th Mich ultra so Ii disclaim anything I write.
incidentally that Mich ultra is now popular is absolutely shocking. Dogshit beer. The power of marketing