2024 U.S. Presidential General Election Thread

[CrimsonTider]

I mean, I'm down to discuss it. Current interest rates are hurting first-time home buyers more than housing prices are at the moment. Hopefully, rate cuts this year and next year help any prospective buyer.

Rates aren’t hurting 1st time buyers. It’s a combination of a low supply of what use to be called starter homes and higher standard of living

 

[the cac mamba]

Rates aren’t hurting 1st time buyers.

i know how mad Blue MAGA gets about bringing up objective facts, i'm not necessarily blaming biden or kamala for inheriting an inflation time bomb, but the fact is that they did. it's a tough problem to be incumbent for

 

[88m3]

i know how mad Blue MAGA

first time buyers can get like a 5% mortgage through the fha but your dumb ass doesn't know anything about the world around you

 

[Hood Critic]

One day y'all going to learn that @the cac mamba lives in a curated reality that often doesn't align with everyone else's reality.

Mortgage rates fall to their lowest since April 2023. Here's where rates could head next.

The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.

www.cbsnews.com

 

[Clayton Endicott]

This shyt getting spooky. I might try to start volunteering in Houston.

Projecting. All...the...fukking...time

 

[the cac mamba]

first time buyers can get like a 5% mortgage through the fha but you're dumb ass doesn't know anything about the world around you

nice grammar, dumbass. and only a shameless, dikkeating shill would try to pretend that the cost of homeownership hasnt skyrocketed since 2020

Blue MAGA for the win

 

[the cac mamba]

One day y'all going to learn that @the cac mamba lives in a curated reality that often doesn't align with everyone else's reality.

Mortgage rates fall to their lowest since April 2023. Here's where rates could head next.

The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.

www.cbsnews.com

look at this idiot, bragging that mortgage rates "fell" to 6.4 when they were 3 before covid

i'm not the one trying to create a reality. have some fukking shame

 

[Busby]

This shyt getting spooky. I might try to start volunteering in Houston.

Oh this man is PROJECTING …he knows this is going to be his future soon and he is scared shytless.

 

[wire28]

Every got damn commercial on YouTube is the same Kamala ad. I’m even starting to get tired of it she going all in

 

[CrimsonTider]

i know how mad Blue MAGA gets about bringing up objective facts, i'm not necessarily blaming biden or kamala for inheriting an inflation time bomb, but the fact is that they did. it's a tough problem to be incumbent for

Rates being 7% isn’t high, historically

people by homes based on their monthly mortgages amount not the total price of a home

the problem is 2 fold

1. People just don’t want to live in neighborhoods where the homes are affordable to them because of an increase standard of living

2. Builders can’t make money building cheap homes anymore because the cost of materials and labor are so high. it only makes sense to build “expensive homes”

a first time home buyer tax credit will help some. There was a 8,000 1st time home buyer tax credit at the beginning of the Great Recession

 

[voiture]

i know how mad Blue MAGA gets about bringing up objective facts, i'm not necessarily blaming biden or kamala for inheriting an inflation time bomb, but the fact is that they did. it's a tough problem to be incumbent for

That's because interest rate is 7%.

When adjusted for a lower rate it's under 2K. I belive the interest rate will be cut after election. It has to be....too political now for the fed to cut rate

 

[Kyle C. Barker]

I don't see why people keep pushing that stat. Home prices have trended up since 2000 sans the calamity of 2008. I do remember some of my neighbors getting some insane offers during the pandemic.

 

[Adonai]

Rates aren’t hurting 1st time buyers. It’s a combination of a low supply of what use to be called starter homes and higher standard of living

They are though.

Take the median housing price of Q2 2024 which is 412,300. The average 30yr fixed conventional as of today is 6.34, now let's say you put down 5% on that house. At today's current rate, the P&I is ~2,435 a month.

Drop that rate down to 4% and the P&I will be ~1,870. That's $565 a month breh. That amount keeps many FTHBs out of the market as many can not swing that much a month. Now mind you we just hit 6.34 as rates have been hovering around 7 since mid-2023.

 

[the cac mamba]

Rates being 7% isn’t high, historically

i don't give a fukk, breh. i already bought my house, and i'm just enjoying the risk free 5% return on my cash

not my problem. dudes can put their head up their ass for Dems on this if they want to

 

[FAH1223]

Look at the Senate races