Here's Why You Can't Buy a House (It's Not Just the Market)

[cashcatz]

He just about gets it. Another part of the problem is America has no middle housing (there's literally no market-based affordable housing because it's illegal).

 

[DTB]

What percentage of home buyers are single? They claim 28%, I don't know any single people buying (unless it's a divorced person a bit older and more established career wise)

So let's say 20% are younger single people, leaving 80% of buyers being a couple of one flavor or another. Before they became a couple, they likely rented and at some point they rented 2 apartments.

Not many apartments available for less than $1,000/MO in areas where the median house is $415,000.

So, if they rented 2 apartments at $1,000@...why couldn't they afford $2,000 month to own a house?

I personally know zero young single people buying a house and personally know of know 30 year old married couples who haven't bought a house.

Maybe I just run in a smarter crowd? Dunno.

 

[Bobby Bucks]

Tucker is talking about something the legacy media is all but ignoring. I talk to guys in that age group frequently and it’s a problem that is only going to get worse. I listen to them and sympathize and tell them not to give up. They’re not lazy socialists, they’re stuck in low paying jobs with little hope of improving their status and zero hope of ever owning a home. I bought my first house at 28, it was a foreclosure that I had to fix before moving in and I share that story with them. When Tucker hits a nerve with a subject like this, the legacy media’s response is to attack him and ignore the problem. This is why people in that age group are listening to Mamdania, AOC, and Fuentes. I can understand now what caused the French Revolution to gain traction.

 

[DTB]

I bought my first house at 28, it was a foreclosure that I had to fix before moving in and I share that story with them.

Their response?

 

[Bobby Bucks]

Their response?

The ones I talk to haven’t given up all hope and I try to give them pointers. I suggest buying a property jointly or even with 3 owners. Buy a duplex, live in one side, etc. If they’re the type who hate the system I avoid them. The biggest difference I notice with the current generation is the amount of student debt. A lot of my classmates had student debt, but it was manageable in those days and a modest amount, these days student debt seems staggering in some instances.

 

[Fernando]

The ones I talk to haven’t given up all hope and I try to give them pointers. I suggest buying a property jointly or even with 3 owners. Buy a duplex, live in one side, etc. If they’re the type who hate the system I avoid them. The biggest difference I notice with the current generation is the amount of student debt. A lot of my classmates had student debt, but it was manageable in those days and a modest amount, these days student debt seems staggering in some instances.

When I was vetting potential renters, I was surprise some out of college for years still had student debt. Why couldn't they budget and pay it off by now?
Hate to have tenants with large debts.

 

[Bobby Bucks]

When I was vetting potential renters, I was surprise some out of college for years still had student debt. Why couldn't they budget and pay it off by now?
Hate to have tenants with large debts.

The ones I talk to say they expected to have higher paying jobs with their degree, but didn’t find one and their budgets are tight. Instead they’re working part time as waiters, pizza delivery, etc.

 

[Fernando]

The ones I talk to say they expected to have higher paying jobs with their degree, but didn’t find one and their budgets are tight. Instead they’re working part time as waiters, pizza delivery, etc.

I heard like at Stanford MBA program, the professors are not up to date with current information because it changes so fast. More important now that students need to be more adaptable to change and pivot to what the market wants. What you learn in tech today will be obsolete in two years. Thus very important to get that first job and get the experience for future growth.

 

[Dublin ohio]

I bought my first house at 28, it was a foreclosure that I had to fix before moving in

Same thing with my first house. But I ended up selling it when I met my current wife because the neighborhood s*cked. We rented for a few years and bought a house out of an estate. One of the cousins was living in it but it had been neglected while the family fought over it. We got it for a song in an upscale neighborhood. Worked on it for a month after work to get it just livable (including having a well drilled). The next year I completely rewired and re plumbed the house, put in a new kitchen and furnace. Next came adding an upstairs bath and gutting the down bath.

 

[DTB]

The ones I talk to say they expected to have higher paying jobs with their degree, but didn’t find one and their budgets are tight. Instead they’re working part time as waiters, pizza delivery, etc.

Yup, choosing the wrong curriculum at wrong school can really bite one in the buttocks. Borrowing to pay for it another bad move. I guess financial illiteracy is really a thing.