Values
Values
Posted on Apr 5, 2024
AMERICAN VALUES: ‘It’s dying’: Parents, grandparents worry about future of American dream
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"We got ours, but our kids and our grandkids can't afford homes," she said, standing in a city where Zillow estimates the average home value is nearly $2.5 million. "And they can't afford to do the things they'd like to do." I've said it many times here on Rally Point: I fear for our children and grandchildren. Progressive Democrats, RINOS, and Communists are/have destroyed our Country by borrowing money and living beyond our means. It's that simple.
AMERICAN VALUES: ‘It’s dying’: Parents, grandparents worry about future of American dream
Posted from foxnews.com
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Posted 27 d ago
Responses: 2
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Unless the kids change their view of things, they never will be able to afford anything...unless we leave it to them.
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Maj John Bell
SFC (Join to see) - Then the law of supply and demand should kick in. If people cannot afford houses, there is no demand. If there is demand prices drop.
People talk about the not being able to buy a home. But I know many examples of couples who have practiced delayed gratification, managed their consumer debt responsibly and who have reasonable expectations of what their starter home should be, who are buying even now when mortgage rates are on the rise. There aren't a whole lot of professionals in Antrim County MI.
People talk about the not being able to buy a home. But I know many examples of couples who have practiced delayed gratification, managed their consumer debt responsibly and who have reasonable expectations of what their starter home should be, who are buying even now when mortgage rates are on the rise. There aren't a whole lot of professionals in Antrim County MI.
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SFC (Join to see)
Maj John Bell - If there is demand prices drop. I always though it was just the opposite of that, if there is demand prices raise. Heck, I'm just an engineer, I ain't no finance guy. I learned something today.
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Maj John Bell
SFC (Join to see) - Sorry missed a word there. If there is ***NO*** demand prices drop.
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What???? They're ability or lack thereof is based on their expectations. When my wife and I bought our first home interest rates were 12%. We bought the house that had the affordable payments without regard to all the things we wanted in a house
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SFC (Join to see)
Sounds like you bought in the mid to late 80’s. I rented until the interest rates came down. In my area at that time a lot of elderly had some affordable rentals. It wasn’t any Taj Mahal but we got by. :)
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