I didn't say they needed to commute into those cities.

Jul 5, 2022
1:19:08pm

byubyu All-American

There are plenty of places to work near but not in big cities.

It is fairly clear why you aren't able to figure this simple concept out. And also pretty clear why a home purchase might not be possible for you.

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byubyu

Bio page: byubyu
Joined: Jun 28, 2006
Last login: Jun 6, 2024
Total posts: 65,970 (2,912 FO)

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Messages

Author

Time

Why your kids probably wont own homes. This guy...

Shore10

7/5/22 12:21pm

I didn’t hear anything that indicated your children will not own a house

Babyboy

7/5/22 12:29pm

By your board name, I see you need to be spoon fed.

Shore10

7/5/22 12:31pm

Interest rates at 6.6%. Not great, but not killer either.

Babyboy

7/5/22 12:33pm

Not bad compared to what?

Shore10

7/5/22 12:34pm

It's not just interest rates, it's inventory has been bought up by investors

runnincoug

7/5/22 12:41pm

He knows. It's just easier to dismiss the situation.

Shore10

7/5/22 12:42pm

Interest rates may have been too low but the bigger problem is lack of housing

VenturaCoug

7/5/22 12:50pm

Much of the built supply now goes directly to rentals.

Shore10

7/5/22 1:12pm

Some of it does, but again that’s because supply is too low. Whether it’s

VenturaCoug

7/5/22 2:20pm

Very few homes...let's get some numbers behind how many homes these investors are actually buying and holding.

TheLoneCougar

7/5/22 1:12pm

Plenty of affordable places to live and buy a home right now.

byubyu

7/5/22 12:32pm

Just quit the avocado toast and use a flip phone. Money problems solved!

stenso

7/5/22 12:36pm

There are new homes for sale in the 300s within an hour of the following cities:

byubyu

7/5/22 12:46pm

300k at 6.6% interest with gas at $5/gallon? Yes very cheap boomer.

Shore10

7/5/22 1:06pm

I never said very cheap. I said affordable. A mortgage payment on those type of

byubyu

7/5/22 1:09pm

So people that have to drive 2 hrs each day is affordable? Ok.

Shore10

7/5/22 1:11pm

yeah, that's proving the point of why our kids won't be able to buy a home.

runnincoug

7/5/22 1:13pm

I didn't say they needed to commute into those cities.

byubyu

7/5/22 1:19pm

Wow, personal attack. That's a great way to make a point!

runnincoug

7/5/22 1:25pm

My kids won't have any problem buying a home. They go out and find solutions.

byubyu

7/5/22 1:28pm

Wow, you really are bitter today. You're coming on strong when I don't recall

runnincoug

7/5/22 1:49pm

There's a crash coming. People will be able to purchase homes again.

byubyu

7/5/22 1:53pm

Nashville’s housing market is pretty rough.

JoBangles

7/5/22 1:33pm

Stop making excuses. BYUBYU is a winner. Follow his lead.

Shore10

7/5/22 1:35pm

Great pay an hour outside of those cities.

Shore10

7/5/22 1:36pm

Rent in Provo then. Your choice.

byubyu

7/5/22 1:46pm

There are an estimated 84.29 million single family homes in America. This guy and all his buddies put together

TheLoneCougar

7/5/22 1:10pm

18% of homes just last year were bought by investors. They are "squeezing" out

runnincoug

7/5/22 1:15pm

How many entities make up that 18%? Likely close to tens of thousands. They don't have a monopoly anywhere.

TheLoneCougar

7/5/22 1:40pm

Ok.

Shore10

7/5/22 1:29pm

The vast majority of homes are still being purchased by individuals. 18% is not "setting the market."

TheLoneCougar

7/5/22 1:35pm

Ok. They have no influence on the market.

Shore10

7/5/22 1:38pm

RE: Ok. They have no influence on the market.

TheLoneCougar

7/5/22 1:41pm

The problem is they tend to concentrate on the starter home market. so ...

runnincoug

7/5/22 1:52pm

I can't see the article, behind a paywall.

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