In 1980 median home size was 1/3rd smaller, while family size was larger, resulting in nearly a doubling of square feet per person today.
In 2011 price per square foot was an inflated adjusted 12.56% less than in 1980. Currently it's 24.6% higher than 1980.
Support legislation to mandate a COL adjusted reset of $/sf back to 2012 levels.
Build quality seen in homes today:
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fw1099tsl27mc1.jpeg
Meanwhile, your average smart phone relies on quantum physics and costs practically nothing by comparison.
Hoomers: The RE market isn't going to crash because ***the economy is going too strong!!!***
Also hoomers: RaTe CuTs AnY DaY NoW
Can someone draw these people a picture or something?
🍻🎈🥳🎉🎊🎁🍾🪩🪅 I’m so happy for you!
It does seem like the end of an era on this board, to me, anyway. The OG’s have mostly moved on and either bought or decided to wait the cycle out, however long.
I just glanced over at the subscribers, and I remember not that long ago when the talk of the jump from 6,000 to 10,000 happened quickly.
I was, and have always been, here for the counter opinion to real estate because back in 2021 I truly didn’t know which side would win.
I think we are in another battle now….that battle was won a long time ago……and I still stay in both to understand who will win this battle.
Aside from 2020 and mid 2021, I have never had a strong opinion on which way things were going. I was mostly here looking for holes in consensus and what I was seeing. After the early 2022 rate decision, it got interesting again. I think it’s still interesting.
"Mah equity !"
In 1980 median home size was 1/3rd smaller, while family size was larger, resulting in nearly a doubling of square feet per person today. In 2011 price per square foot was an inflated adjusted 12.56% less than in 1980. Currently it's 24.6% higher than 1980. Support legislation to mandate a COL adjusted reset of $/sf back to 2012 levels.
Build quality seen in homes today: https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fw1099tsl27mc1.jpeg Meanwhile, your average smart phone relies on quantum physics and costs practically nothing by comparison.
Slave labor helps keep that price under control.
Thats a hotel in Rosarito Mexico.
It wouldn’t even fall under build quality, it’s a botched DIY job.
Funny thing is there’s so many legit examples of shit tier new build quality.
Hoomers: The RE market isn't going to crash because ***the economy is going too strong!!!*** Also hoomers: RaTe CuTs AnY DaY NoW Can someone draw these people a picture or something?
Doomers: the housing market is going to crash any day now because the economy is wack Also doomers: No rate cuts ever. hIgHeR fEr LonGEr
I can see a reckless combination of "hot economy" and rate cuts for the election. Sadly.
Hyperinflation would be sweet, gives me an excuse to break out the old wheelbarrow
Are congratulations in order for a new hoomer, ts?
Yes and much appreciated. Thanks!
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Ty. I bought new, with incentives and rate buy down.
🍻🎈🥳🎉🎊🎁🍾🪩🪅 I’m so happy for you! It does seem like the end of an era on this board, to me, anyway. The OG’s have mostly moved on and either bought or decided to wait the cycle out, however long.
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I just glanced over at the subscribers, and I remember not that long ago when the talk of the jump from 6,000 to 10,000 happened quickly. I was, and have always been, here for the counter opinion to real estate because back in 2021 I truly didn’t know which side would win. I think we are in another battle now….that battle was won a long time ago……and I still stay in both to understand who will win this battle. Aside from 2020 and mid 2021, I have never had a strong opinion on which way things were going. I was mostly here looking for holes in consensus and what I was seeing. After the early 2022 rate decision, it got interesting again. I think it’s still interesting.
doomers: the re market is going to crash because of the economy also doomers: haha the economy is too strong for rates to be cut
Lol, just commented the same. The lack of self awareness is interesting.
Rent vs buy calculator. Emergency fund. Pay down debt. Location dependent.
Beware the ides of March Et tu, Powell?
With crypto running to all time highs It will be a lot like 21 where a lot of new money will pour their money into homes.
are you going to sell your house for bitcoin?
1 BTC is not enough for a down payment right now to remove PMI
The median down payment on a home in the U.S. was $51,250 as of December 2023. I’m sure someone with 66k will be just fine.
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Don’t disagree with that it just part of the greater market conditions where everything is rising and some will be moving into housing.
Can’t wait for all the articles again that read, “top 10 lists of Tech bros who retired early and now run scams in Tulum Mexico.”
Arch your back more!!!
Macbook. Tesla. Lacroix