Even with a 30 year amortization, the prices of newly built or starter homes intended for the average Joe are getting a little out of reach. Signs are reading “new builds starting in the mid 400’s!” which isn’t exactly budget friendly in my eyes, nor starter home territory. The government has the spirit, they are just a little confused.
I don’t think the government has the spirit. The governmsnt knows this is just another scheme to keep inflating the bubble and keep prices high. What we need is a plan to carefully deflate the bubble. All we ever do is inflate or keep it the same size, never deflating it and just praying its a different government in power when it finally pops.
Even with a 30 year amortization, the prices of newly built or starter homes intended for the average Joe are getting a little out of reach. Signs are reading “new builds starting in the mid 400’s!” which isn’t exactly budget friendly in my eyes, nor starter home territory. The government has the spirit, they are just a little confused.
I don’t think the government has the spirit. The governmsnt knows this is just another scheme to keep inflating the bubble and keep prices high. What we need is a plan to carefully deflate the bubble. All we ever do is inflate or keep it the same size, never deflating it and just praying its a different government in power when it finally pops.
This is Capitalism though. Big number must alsways go up. No matter the cost in human suffering. No exceptions.
400k here won’t even buy you a tear down SFH here on the west coast.