Political movement to increase home ownership casued the financial crisis which changed America forever
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It is also causing the rent rates to reach an all time high!
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Owning a home and living in it and paying 3-4 time the price (mortgage, taxes) and repair. It is a bad investment. If you can buy a home with Cash that is a good Investment, other than that it is bad investment.
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You have to earn it!!! Have skin in the game! Duh!!!
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One can work their entire life and still be unable to afford a house. One can conversely be born into a rich family, and be entitled to multiple houses as soon as they are born.
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My friends who kept focused and did well in school have done a lot better than most of us. Some make it up with total hustle and commitment. Others whine
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Does anybody think that with population rising exponentially and land acreage staying constant that prices are gonna come down??
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It’s not just homes are expensive but everything is expensive from college loans, to a half decent car to rent itself and groceries. The funny thing is that I have a good job that pays really well, but it will be many years before I feel even remotely confident to buy a house
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Fascinating. Grateful for a home
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Obama obviously didn’t help. Thank goodness for Trump.
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Lol What magic is Trump doing that is helping improve home ownership
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Lower taxes, less regulation.
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Less regulation has made homes more expensive because banks can give out more loans As for taxes, the max tax deduction of $10K has taken away all benefits and in few years when temporary tax cut go away, the average individual is gonna end up paying more
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But Millennials
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that's cos you keep building beside the power lines
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It brought sanity and discipline
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The financial crisis was caused by anything but sanity and discipline. It was caused by fraud, greed and stupidity.
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agreed ...it has brought more sanity and discipline
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I would disagree, when banks are still selling Collateralized Debt Obligations, albeit under a different name. A new crisis is coming.
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comments were directed at the housing market.....
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That's what I was talking about. Banks are still selling CDOs, and that was one of the main factors that contributed to the '08 crisis.
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Not seeing the leverage
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My point is that the banks haven't learned, and they probabky never will. They're going to continue to be greedy as hell.
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