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this post was submitted on 01 Jul 2024
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Housing Bubble 2: Return of the Ugly
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Not where my friends, family and human/voting rights exist.
You're literally the problem with the article. Just be less poor and go back in time. Suck a dirty dick please.
What are you talking about? I was responding to someone who said they couldn't afford a house 35 years ago with 40k down. It's only been in the last few years 40k wouldn't be enough and even that is only if you go conventional mortgage instead of one of the other programs.
3% down FHA $40k will purchase you a $1.2 million house.
If all you can afford is 40k down there's zero chance you can afford the 8k a month payments
That's not what he said. He said in a conversation that 40k wouldn't hypothetically be a down payment 35 years ago. I didn't say housing is cool today, I said that the conversation he had 35 years ago was very atypical and housing wasn't impossible to afford until relatively recently. No, the experience of Gen X 20-30 years ago shouldn't be compared to the experience of today as if they were the same.