meansonny
| Favorite team: | Georgia  |
| Location: | ATL |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 26998 |
| Registered on: | 9/21/2012 |
| Online Status: | Not Online |
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quote:
Anyone that wants government run healthcare should be required to have TriCare. In fact Congress should be required to use Tricare.
My FIL is retired Air Force.
There isn't a better Healthcare option than his Tricare.
Better than Medicare with all of the supplements.
And it is free.
What is your reference point?
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re: Great Wealth Transfer is going in the wrong direction
Posted by meansonny on 7/19/26 at 8:28 pm to La Place Mike
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Not making excuses. Just pointing out it was not as easy to save for retirement then as it is now.
Agreed.
The dollars back then didn't lead to a high need for huge sums of retirement assets.
In 1970, an 18 year old would love to live off of $10k/yr with assets paid for (home/car).
What type of retirement is that 18 year old targeting as he/she starts their employment path. $100k-$200k?
As they aged, the annual funds were still low by today's standards (even if they doubled and tripled).
A disciplined 22 year old, today, can start a path towards $100k so much quicker than I could back in the 2000s. Duh.
My 16/17 year olds are making more than my wife did 25 year ago.
re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
Posted by meansonny on 7/19/26 at 8:20 pm to athenslife101
Because you live in Athens and those are the people who couldn't leave after school?
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Are you saying first time home buyers shouldn’t even consider buying a house near their parents?
This discussion is about how difficult it is to buy a first home.
Most people dont bitch. Maybe they can afford to buy near their parents.
But the "sayings" are true.
Don't buy a home that you can't afford.
Don't shop for a home that you can't afford.
If the parents' area is out of the price range, then every logical "saying" is telling those individuals to not consider buying a home near their parents.
My first home was an hour away from my folks. How about you?
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I’m some places it 100% more difficult to buy the equivalent of what you could buy 20 years ago.
2005 was a bubble.
2009 was a crash.
In those same places, a secure job could easily have a 2009 first time homebuyer buyer purchase 40% below 2005 prices.
2022, it was significantly more difficult than 2009.
Real estate cycles happen. Since forever. It virtually bankrupted the country's first tycoon (bankruptcy was not a legal protection back then. He ended up in debtors prison).
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It’s deeper than that. It’s about being able to comfortably afford the equivalent of what you use to be able to afford. 20 years ago, a young person might have been able to afford a 3,000 sf house but only chose to buy a 1,500 sf house because that’s all they needed and they would have extra money to spend. Now those same type of people might not be able to afford a 3,000 sf house, only a 1,500 sf house. Both groups are technically able to afford the same type of house, but one group is under more financial stress in order to buy that house.
You pulled this anecdote out of your arse.
Life has always been difficult. For people today to presume otherwise is absolutely ignorant.
Adjusted for inflation, credit card debt was at all time highs 20 years ago. Significantly worse than today. Bankruptcy attorneys could compete with personal injury attorneys for income.
And when the real estate bubble collapsed, unemployment was 10%. Underemployment more than doubled that. It wasnt easy to be a first time homebuyer then in 2009 (although about 1M per year were still doing it).
People never have context.
Just poor excuses, lousy anecdotes, and lazy humor.
re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
Posted by meansonny on 7/19/26 at 8:03 pm to JohnnyKilroy
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But we literally are in a bubble.
Based on?
Median home prices surged 20% from 2021 to 2022 (2022 to 2023 in some regions).
Similar to what we saw in markets in the early/mid 2000s.
There has not been a continuance of that increase since. Year over year increases were a relatively slow crawl for much of the country after 2009/2010s foreclosures dropped prices +30% from the mid 2000 highs.
That sudden increase is called a bubble. There has not been a correction. So we are still in it.
And it is true. It is tougher today to buy a home than it traditionally has in the past.
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What are the chances car insurance goes down?
100% chance of insurance going down.
With automated cars, charging liability will be a technicality.
There will be no negligence or intentional tort.
There will be virtually no nuclear verdicts.
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What do you mean? Of course you should only buy a home that you can afford.
It goes further than that.
Only shop for a home that you can afford.
This thread is full of "examples" of how things are difficult.
"I can't buy near my parents"
"I can't afford flood and wind/hail insurance".
"I can't afford a median home in the usa".
It is a bunch of bitching and moaning about not being able to afford something that they shouldn't be considering.
If it is so obvious that they shouldn't consider homes that they can't afford, why are the above complaints valid? It is just bitching in order to bitch. People love to play the victim. Society today has made huge leaps towards a victim olympics.
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The point is that now it is harder to buy a home equivalent to what you were able to buy 20 years ago.
It isn't significantly harder to buy a home than 20 years ago.
It is significantly harder than buying a home after the crash 18 years ago. It is significantly harder than buying a home 7 years ago (2019) before the 2022 real estate bubble.
It is not significantly harder than 2024 or 2025.
There are real estate cycles. And this is a challenging part of the cycle. That is true. But this isn't the only real estate bubble that the country has seen. People are too short sighted to even presume so.
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It is what it is but it suck for those that are trying to buy a house for the first time now a days.
We still average about 1M new first time homebuyers a year. It is hard. But it isn't that hard. 1M people make the leap to home ownership every single year.
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It doesn’t help when you have people like night vision telling people to go buy a piece of land and round up a couple of buddies to help you build a house on it.
There are problem makers and problem solvers. He is illustrating one way to solve a problem.
It isn't that far removed from me advising not to shop for a home that you can't afford (by your parents home. By the coast. At a price point above 50% of the other homes being sold. Those are my recommendations to solve the same problem (challenges to first time homebuyers).
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Auto insurance industry and tort lawyers should be worried about driverless cars.
Insurance revenues should go way down.
Insurance is just a pass through.
Costs plus margin.
My guess is that the insurance companies will try to go horizontal.
Car warranties. Roadside. Trip interruption. Service plans.
Coverage may also adjust more to pay by the mile services.
re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
Posted by meansonny on 7/19/26 at 2:51 pm to Paul Allen
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Younger people both conservative and liberal are finding it difficult for saving the 20% down payment.
20% is not typical down-payment for first time homebuyers.
I put 5% down on an 80/15/5 purchase.
I did interest only on my first mortgage and paid my 2nd mortgage off in 2 years. Then paid down my 1st mortgage even more before selling my home and using the equity for 20% down on a larger home (30% price jump).
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we need the values to plateau and then slowly but steadily rise, vs. the meteoric rises we've seen in the last 5-10 years...
Prices have plateued somewhat since 2023.
There are a few problems.
In places like California, it takes 3 years to build a new home. Regulatory issues absolutely are limiting new housing starts
Nobody wants "growth". Every local housing issue at the county board of commissioners is challenged by the local community.
Ive argued against zoning changes in my immediate neighborhood (fighting attached housing units. Or arguing against minimum lot size changes).
We need changes in government and changes in local attitudes to better fix the bubble. This is easier said than done.
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Sorry I don't have time to read 14 pages.
Is anyone here arguing home are affordable and haven't been outpacing wages for years?
We are in a housing bubble since 2022.
2005 (previous bubble) to 2019, housing prices weren't insane.
Things absolutely are harder than on average.
But we literally are in a bubble. Just like previous bubbles.
Some people dont understand context or history.
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What i am saying is that there are other things that have to be considered when buying a house besides mortgage. Additional costs that come with a decision as to whether it is indeed cheaper to just "move somewhere else where its cheaper"
You seem to be forgetting the discussion.
The discussion is about buying a first home.
Either staying on the coast is important, or buying your first house is important.
Either staying by the family is important or buying the first house is important.
If buying the first house is important.
Then, shop for homes in the price range.
That includes foreclosures.
That includes buying townhomes or condos.
That includes buying further outside of downtown DFW.
That includes not "buying the median home price".
Doctors drive taxis in cuba.
The 9 most terrifying words in the English language...
The 9 most terrifying words in the English language...
quote:
Classic example of taking one point and overtly generalizing it to try and prove your point
Stop it with the hasty generalizations
Telling someone that they should shop for homes within their budget is a hasty generalization?
You are confusing the hell out of me.
What i deem common sense is evidently not according to you.
quote:
shouldering off
I am shouldering off that people shouldn't look at homes that are outside their monthly budget?
re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
Posted by meansonny on 7/19/26 at 1:33 pm to Bayou Warrior 64
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You buy the home you can afford.
This is what people in the thread are missing.
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The National Association of Relators are the primary pusher of the 'make houses cheaper or more affordable' campaigns. However, they are a very self serving organization looking out solely for their pocketbook.
I won't question their motivations.
Realtors make commissions on the price of houses. Inflation is a built in pay increase.
I do question their tactics.
Most of their information is based on mail in surveys.
Think about that.
Who is responding to their mail in surveys and counting in their data?
20-30 year olds? Probably not. Their data is skewed by the surveying method.
You aren't helping your case.
There are problem makers.
And problem solvers.
If my son can't solve this "dilemma" on his own, then we all know what he is.
There are problem makers.
And problem solvers.
If my son can't solve this "dilemma" on his own, then we all know what he is.
quote:
You dont have to live in a beach house to still have a discussion about flood/wind insurance, particularly in south Louisiana
So... my son wants to buy his first home.
And he's bitching to me that he can't afford the flood and wind/hurricane payments near the coast.
So I am supposed to feel sorry that he can't solve this "dilemma"?
quote:
Oh a good chunk of people pay ridiculous amounts of insurance along the Gulf coast. I dont ive see it that high, but homeowners + flood yeah 6K is about that for an average size home.
Why are we talking about first time homebuyers buying coastal property with flood/wind insurance?
re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400
Posted by meansonny on 7/19/26 at 12:31 pm to CPA Yung Boi
A lot of strawmans popping up
Some people just can't be honest
Some people just can't be honest
No one was waiting 5 years om 2019. Even bad credit could clean up in 2
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