America's Looming Housing Crisis

[Htrb-nvr-blk-&-ug-as-evr]

All power to those who choose to buy a house, but it's not the "fastest way to wealth acquisition". The stock market is. And I'm not talking about speculative nonsense, a boring cash flow into an aggressive ETF that tracks the market beats real estate, 99.99% of the time.



I'm not saying it's not a good return. I'm saying when you consider those costs, what your down payment could have done in the market over that period of time... Strictly financial wise... I'd rather rent and invest. Less bother with a house too.

But to each their own.

Couldn’t be me with your all or nothing approach on investing…I’d rather split my earnings in investing and a house. I probably won’t “aquire wealth fast” as you put it, but I know I’ll be stable in the long term….with a space where I can do whatever I want. Wealth is way more than just your investments in the market, which can be easily be lost. You need tangible items like land and property. I’d rather pay a cracker for a mortgage to own my shyt than pay a cracker forever to live in his shyt.

 

[Jekyll]

So if there is a market crash, do people not think think there will be bidding war on houses? Once that happens, those who couldn't afford this time will def try once the crash happens.

The renting vs buying a home will alway be a debate. A majority of those saying they rather rent for life probably don't have a family (wife/husband & kid(s)) that they live with. Once you settle down and have kids, your views on some things start to change. You'll end up wanting space for your kids to grow and have some of their own space while still being in your view.

In the end, we are all paying to live someplace. Some will be able to profit from it and some won't.

For a crash to happen there would have to be a drop in buyers. When there’s less buyers, there’s more houses available and they are cheaper. When there’s more buyers then there’s less houses available and the price goes up.

Usually crashes are predicated on events that lessen buying power.

 

[Afro]

Its like people didn't watch the video

I just need my house to appraise for what I’m paying for it, the housing market can go down from there.

Get ya bag sis

Land and Real Estate is cheap in the Midwest, Great Plains, and Mountain West


But everyone wants to move to the coast and drive up the prices

Problem is, not for long.

You will be have Renter only housing out there shortly.

Straight up Zoom towns

 

[Conan]

Couldn’t be me with your all or nothing approach on investing…I’d rather split my earnings in investing and a house. I probably won’t “aquire wealth fast” as you put it, but I know I’ll be stable in the long term….with a space where I can do whatever I want. Wealth is way more than just your investments in the market, which can be easily be lost. You need tangible items like land and property. I’d rather pay a cracker for a mortgage to own my shyt than pay a cracker forever to live in his shyt.

And I hear you on that, your perspective is 100% valid.

 

[the bossman]

Couldn’t be me with your all or nothing approach on investing…I’d rather split my earnings in investing and a house. I probably won’t “aquire wealth fast” as you put it, but I know I’ll be stable in the long term….with a space where I can do whatever I want. Wealth is way more than just your investments in the market, which can be easily be lost. You need tangible items like land and property. I’d rather pay a cracker for a mortgage to own my shyt than pay a cracker forever to live in his shyt.

Or while you're renting and investing you could take some profits from your returns to buy property/land later on

 

[the bossman]

30?

We about to have those California 60 year mortgages

We might not be that far off from that reality.

Notice how the average car loan has crept up to 6 & 7 year loans now. When back in the days it used to be 3-4 years

 

[Htrb-nvr-blk-&-ug-as-evr]

Or while you're renting and investing you could take some profits from your returns to buy property/land later on

If your finances are limited to where you are forced to rent, I can understand that. Just seems to me anytime you buy a house early on, you almost always gain equity as time progresses. Even if you buy a shack, the land it’s sitting on will appreciate and net you more in the future. When I’m renting, I’m giving away thousands in cash yearly and I honestly don’t have anything to show for it. I could’ve invested in that very same market y’all keep preaching about or saved in a HYSA even….or put into a house. But point taken, do as you desire based on your beliefs/finances.

 

[RareHunter]

Bought 2 homes in the last 3 years

How my breh? How much? .

 

[RareHunter]

Couldn’t be me with your all or nothing approach on investing…I’d rather split my earnings in investing and a house. I probably won’t “aquire wealth fast” as you put it, but I know I’ll be stable in the long term….with a space where I can do whatever I want. Wealth is way more than just your investments in the market, which can be easily be lost. You need tangible items like land and property. I’d rather pay a cracker for a mortgage to own my shyt than pay a cracker forever to live in his shyt.

I understand his approach. I believe he quoted me earlier. The disconnect I have with his logic, is I’m considering things from a bare bones foundational point of view. To own a piece of land and property is essential. If black Americans had their 40 acres you know how much better off we’d be? Who’s to say the stock market would be around or a legit means going forward? Property is everything. You could pass stock to your kids and it could plummet and never rise the next day.

 

[Dallas' 4 Eva]

There is no crisis. The fed will not let the housing market crash again.
You seen what they been doing during covid?

They are literally getting ready for a worldwide economic crash right now bruh, fukk just the housing market. Have you been paying attention to what's been going on during covid?

 

[☑︎#VoteDemocrat]

build more apartments

stop zoning for single family homes

simple.

 

[☑︎#VoteDemocrat]

whats funny to me is all these new house flippers...just ITCHING to get burned

 

[Mr swag]

The Fed can’t prevent housing from crashing. That myth is going to crush people. Rising inflation will restrain the Fed's willingness to stimulate without signs of deflation.

they just let people live rent free for two years

 

[lib123]

they just let people live rent free for two years

Most people continued paying their rent. And the Fed had nothing to do with moratoriums.

 

[beenz]

interest rates are at historic lows. ya'll can take full control of your destiny if you can find a crib and lock in a fixed cost for your housing.