+154 People who complain about property prices are uneducated, amirite?

by Anonymous 1 year ago

I dont think you realize just how crazy housing prices have been the past couple years. It's not these fancy spots you're talking about, its everywhere. Not just because the listing price skyrocketed but they did so with interest rates moving higher too. The average mortgage payment almost doubled even in non fancy areas.

by Anonymous 1 year ago

I find his "snag a nice little 300k place" to be peak comedy.

by Anonymous 1 year ago

Like baby I've looked at mortgage recommendations and a 300k house makes me sweat just thinking about the monthly payment

by Anonymous 1 year ago

your argument would make sense if the 'demand' in this case wasn't artificially created by importing people abroad and not building enough houses half a century. lack of affordable housing isn't a supply and demand issue, it's a political choice.

by Anonymous 1 year ago

i didn't consider that point, thanks

by Anonymous 1 year ago

>i didn't consider that point Calls people uneducated and doesn't consider any other point except their own uneducated opinion

by Anonymous 1 year ago

He was so cavalier about it, too.

by Anonymous 1 year ago

Lmfaoooo pRobaBlY bEcauSe YoUrE UnEduCatEd

by Anonymous 1 year ago

Okay now compare property prices now vs 30 years ago. Then look at how much wages have changed over the same period. Do you see an issue?

by Anonymous 1 year ago

House I live in atm was bought for like 90k just under 20 years ago iirc and it's now worth between 1.5m to 2m Same with every house on my street. Wages? Below inflation rises pretty much every year for those last 20 years. Hit the nail on the head there.

by Anonymous 1 year ago

He probably hit the nail with his own head a few times.

by Anonymous 1 year ago

Womp womp, bad take. House prices have grown at a rate that wages have not kept close to. It is objectively more financially stressful to buy a house these days.

by Anonymous 1 year ago

My neighborhood is full of people who couldn't afford to buy in at today's elevated prices, and my city has been declining in population for 60 years. The cost of housing outpacing inflation is a problem nationally, not just a matter of unrealistic expectations for high cost of living areas.

by Anonymous 1 year ago

Ever heard of inflation? Buying a house now vs 25 years ago are two completely different things.

by Anonymous 1 year ago

I'll take OP has no idea what they are actually talking about for 300, alex.

by Anonymous 1 year ago

Make it a true daily double, Alex

by Anonymous 1 year ago

My parents bought their house in 2005 for 250k now it's worth 1.2 million dollar. I make 100k but cannot afford a house in my area. If I moved to a cheaper area I'll take a big pay cut and still not be able to afford a house.

by Anonymous 1 year ago

The fact that people complain doesn't mean they don't know what supply and demand means, the problem is that they purposely increases demand and decreases supply, making house prices increase with 300% if not more, while wages go up 10%. Houses in my neighborhood were 80k 20 years ago, and 400k right now. And they aren't mansions

by Anonymous 1 year ago

I don't think the fact that the housing prices have increased so much is the problem. Problem is that salaries havent

by Anonymous 1 year ago

>But don't fret, you'll probably be able to snag a cozy little 300k pad in the middle of nowhere 300k is wildly out of budget for most people who make average income for most areas. My husband makes above average for our (very LCL) area, and we can not afford this. We had to get a manufactured home for a little over 200k and were only able to do it thanks to the help of family. Every traditional house in our budget had serious issues.

by Anonymous 1 year ago

If property is naturally expensive then maybe I'd agree but with people treating properties (multiple) as investments, massive amounts of land unable to be upzoned, parking requirements, road expansion, and HOA's/actual laws practically making it illegal for a homeowner to lower their property value even if they want to the price of housing isn't naturally what it should be. Plus if you can't afford a home or rent (which may be expensive if the landlord pays property tax based on land value or increases rent after they buy your apartment just to sell it to someone else at a higher price) and end up in the street you can get arrested for existing and even if not may not be able to find a place to keep up hygiene, which is needed to find a job. And then it's the same people who want to keep housing scarce that complain about the perpetually homeless lowering their property values.

by Anonymous 1 year ago

Fun fact: there are more homes than households in the US The supply IS there, it's just all owned by people who want to exploit others

by Anonymous 1 year ago

Going to guess you aren't in the market for a house.

by Anonymous 1 year ago

Ok boomer.

by Anonymous 1 year ago

The law of supply and demand might apply if the Blackrocks and Vanguards weren't rigging the market.

by Anonymous 1 year ago

Compare house prices now to the wages now. And then compare houses 20 years ago to the wages 20 years ago. That's it, ofcourse people are complaining.

by Anonymous 1 year ago

Found the die hard racist republican boomer

by Anonymous 1 year ago

I think people might have to adapt a bit. We bought our house for $25,000 in 2009. Needed work, but we're in a decent area. A couple people in the family said they didnt want a fixer upper. They bought nice cars, all sorts of stuff. Now theyre still renting and the price of houses are way up. Houses by us are selling for $200,000 or $300,000.

by Anonymous 1 year ago

I can't say that I agree with this whole opinion. There's a lot of it I don't. But the core point is that home prices are expensive where people want to live. They aren't that expensive where they don't. The average single family home price in say…Oklahoma is $198K. There's a lot of inexpensive places to live in the US. Very few are willing to move to a place just because they can afford the housing there though.

by Anonymous 1 year ago

Maybe it's the fact that the previous generation enjoyed extremely easy access to property and we expected to enjoy similar lifestyles to our parents. Maybe it's the fact that most of the people keeping supply limited are also people who own property, benefiting themselves at the expense of others. Or maybe it's the fact that it's socially and ethically advantageous to keep communities together and allow people who grew up in an area and/or work in an area to live near said area. It's not a wish list, society is not supposed to operate like this, with people killing themselves to stay housed and masses of people becoming unhoused.

by Anonymous 1 year ago

> adjust your expectations according to your paycheck you mean my paycheck which has not increased to match the rate of inflation over the last 15 years?

by Anonymous 1 year ago