Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Harris to Propose $25,000 Assistance for First-Time Homeowners (www.bloomberg.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago (1 children)

You are missing the point. $250k houses exist. I bet you could even find a $100k house. Maybe even a free house.

None of that means jack regarding the experience the average person will have looking for and affording a house. Edge cases are not the norm.

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago)

Those are not edge cases. My mother is a real estate agent and they are fucking everywhere. EVERYWHERE across the USA.

It's not an edge case whatsoever. You're cherrypicking data points that aren't even the right datapoints, and going "AH HAH! GOTCHA!". Go ask a real-estate agent to check MLS for you. There's plenty. There's also plenty of multi-million dollar houses too; which drives up the average. This is pretty high-school maths level stuff my guy. You know what the word "average" means. You know there are tops and bottoms to those averages, and in order to have those - there can't just be 1 house at 250k and 10m at 1M because then the average wouldn't be the 500k you're posting "proof" of. I'm sorry that reality doesn't match your preconceived notions, but that's how the chips fall. If you wanted to buy a house, you could -- but you're making excuses why you can't, and then going "I've tried nothing and I'm all out of ideas!!!"

Have you even talked to a real estate agent? -- ever? Like EVER EVER? Sure, you're not gonna get a 200k house in the middle of San Fran; you couldn't before this mess started anyways. THAT is an edge case. But literally look 25 miles outside of any major city and you'll find them everywhere.