How does this help US housing?
(www.usatoday.com)
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Unless wages increase, average Americans are priced out of the market no matter how low interest rates go. The market is overvalued, period.
My house double in value however my real estate taxes have quadrupled. I dont mind at all but some can't afford it.
That's why I don't consider your home an investment. It's rented from the government. They have enough people thinking their house is going up in value but it's a stealth way to increase tax revenue. Housing value's all going up doesn't make your house worth more if all the other one's you have to buy went up the same.
60 pecan trees on 17 acres is pretty good investment and when I bought it I had no idea what pecans would pay year over year.
Don't know anything about pecans but I was reading that in the Mediterranean they sell olive orchards separately from land like mineral rights. People's grandchildren coming hundreds of years later to harvest the lucrative crop.
I dont do anything but own them. I have an agreement with someone that does everything for 50% period so its kinda the same situation!
I mean you are correct in that the dollar buys less so your house is falsely inflated but this kind of policy isn’t good for the health of the economy.
Excuse the source; but I’m curious how he thinks this a good thing or is this “theatre”?
When will people learn that all of it is fake. Every performance metric tied to any investment, equity, crypto, is manipulated and fake. All is propped up on fake dollars which you will never see. Those propped up prices on everything is an illusion to make you feed the system with more tax revenue.
Litmus test it - sell your house, transfer the money to your bank. Try and withdraw said money. See what the bank says. Its your money right? Trust me, they may show you some digital dollars in your bank account but there is no way they will give you the cash that is said to be yours and that you own... and if they do, it will require you to wait several weeks and fill out lots of paperwork explaining why you need your money and even then you will probably be flagged and investigated. This is in a time where things are calm.
Wait till said storm hits.
End of the day, the system is broken and Trump knows this. Expect everything to come crumbling down when the people realize that those dollars they equate to their networth dont exist. Their 401k doesnt exist. Again, wait till the world wakes up and makes a run to try and get those dollars out of the broken system. They will quickly learn that Gold and Silver stackers were right all along.
I mean I don’t think he believes it’s a good idea. But I don’t think he’s got an option.
The older generations. Mostly the Boomers still have a lot of wealth tied up in property and maintain a significant voting block. When compared to the younger generations. And a not insignificant portion of them would burn the country down rather than loose property value.
You are not wrong on the Boomer view.
i mean? why the fuck is that the start of your sentence? its retarded enough when people say but youre typing it.
My pile of wood and nails is somehow worth $390k. I'm sitting on some nice equity but it doesnt mean much with the current time-value of money.
Yep this is a tough one. I paid 225000 for my home it is now worth 500000. It was originally built and sold for 110000. Same house, but over priced, has been updated a couple of times but still not really worth 500 K. We paid it off in 15 years by making double payments . ( Yes I was lucky enough to have a trade and made good money. We lived frugally .) We made it through the housing crisis and saw many folks around us loose their homes to the banks. My kids, and their peers ,at this point, will never have the same opportunity. So what causes this ? The government printing to much money, the banks charging to much in interest and keeping people in to much debt, and corporations with unlimited capitol, buying up homes at inflated prices and renting them back out. This is the problem that Trump and his team is dealing with. Get rid of illegal's taking good paying jobs and living on the government dole. Increase good paying manufacturing jobs. Lower the interest rates to as close to zero as possible. Stop corporations who compete with young buyers for the available homes. Decrease taxes and increase tariffs to allow more "government " money to flow back to the American people.
I don't see the issue-traditionally real estate is one of the safer investments because the value rises fairly consistently barring catastrophe(generalization)
If you can't afford a home at 325k with a 3% interest rate {493k}, can you afford one at 225k with 6% interest rate (485k}?
This doesn't sound like a good deal for a lot of people