270
Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market
(finance.yahoo.com)
this post was submitted on 30 Mar 2024
270 points (97.9% liked)
Economics
507 readers
266 users here now
founded 2 years ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Safety nets were in place. That’s why companies got money to pay employees.
I do not think corporations should be able to buy SFH except in rare conditions. I don’t mind landlords as there is a need for rentals but I have an issue with companies with billions of dollars buying up houses.
Lmao okay.
PPP was the biggest wealth funnel in modern American history. The funny part about how leftists always defend COVID policies is that they're defending what was maybe Trump's biggest grift. Certainly the most successful, because even his most vocal opponents will eat themselves alive the second one of their own criticizes it, and MAGAts have no issue with doublethink.
You're equating two different issues as one. Yes, there is a need for short-term housing. No, that does not mean that landlords are the ones who should manage it.
The PPP itself was just fine, Trump got rid of the independent oversight watchdog that was to look over it. And months later once it was trying to hobble its way back to oversight, the administration instructed government agencies to be as uncooperative as possible. So of course without a watchdog, the foxes took everything they could from the hen house. The program itself wasn't the issue.
https://apnews.com/article/virus-outbreak-donald-trump-ap-top-news-politics-health-cc921bccf9f7abd27da996ef772823e4
https://www.reuters.com/article/idUSKBN23M2XC/
And unsurprisingly billions of dollars disappeared shortly afterwards.
The intent was good. The execution was bad. The government has been clawing back funds and putting people in prison. They had a time crunch to get it done and that led to some issues
The lady who cuts my hair lived of ppp because she wasn’t allowed to cut hair. It was a life line for millions of people. If you were paid during Covid and were not working. Thank the ppp money.
Then who should manage it?
That's great but there was a shit ton of theft because trump neutered the watch dog. So a lot of it didn't go where it should have.
And then even more theft because Trump neutered the court's ability to requisition records.
Your anecdote does not disprove the fact that nearly half a trillion dollars is estimated to have been frauded from the US Govt. via PPP and other Trump COVID policies
Maybe, like, I dunno, affordable, community owned-and-managed housing, where living costs aren't determined by what color Corvette the landlord wants this year, would be a good start.
I have no desire to live in the projects. No thank you.
Lmao there's the mask off moment
That’s not a mask off moment. I have no interest in living in the projects. I’d rather rent a nice house in a nice neighborhood. I don’t want the government involved with my housing.
There is nice government owned housing all over the world.
It's not all gross projects.
I do not want the government involved in my housing.
By default if the government owns it. It’s a project. That’s where the term comes from.
I have no need for the government to supply housing as the free market does a better job. I lived in government housing in the military. No thank you.
We'll just have to agree to disagree on that. The free market does a terrible job at providing housing. You must have just been lucky with your landlords before. The fact that this thread exists demonstrating how crazy high housing is shows that the free market isn't great for providing housing.
Never had any issues. I just paid the rent and was left alone. Typically used rentals when I moved to a new area until I bought. If I didn’t plan to stay, I rented until I moved.
The last thing I want is the government in the rental market.
I never said anything about people who look like me. God that is a racist thing to say