ThisTimeLastYear
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(originally posted by @NlGHTW0LF on 2022-07-02 17:34:56)
Jul 1, 2023 8:00 PM
ThisTimeLastYear
140527
2641
58
(originally posted by @NlGHTW0LF on 2022-07-02 17:34:56)
BuffyFan1900
I support the millennials.
XXXSpork
Owned a couple of homes previously. In an apartment now and trying to buy a house. Market is still hot with multiple offers an each home. The kicker is people are willing to waive appraisal and it’s hard to compete with that if you don’t have cash to cover the difference. We’re deciding to wait another year so we can save more cash down. Even then the homes in my price range will need at least some remodeling
denimdaddy
I'm a millennial homeowner, I don't want to lose the equity but I also want affordable housing for others. A housing market crash isn't ideal but something has to give
SnackPacKid
Maybe your equity is real equity but the inflated house prices gave me fake equity since my house value is now (temporarily) inflated. But Im paying very real property taxes on that fake value. I guess someone desperate might be willing to pay $200,000 for sub-700 sqft house without a basement and numerous issues, just because a basic regular sized family fixer upper house is twice that amount.
TI99Kitty
Sounds like Texas. Property taxes, as in the percentage, stay the same. The state raises property taxes by continually re-appraising houses at higher and higher values. "Time to hike property taxes higher!" "Wait, people will revolt if we increase taxes." "No problem! We'll just tell them their houses are worth twice as much! Profit!"
redditmcredditface
as someone who bought his first house as a result of a market crash: Burn it down, burn it all down! Lets just make sure that rental REITs dont buy up neighborhoods and jack up rental rates to benefit only stock holders.
FiftyShadesOfTiramisu
Only the rich get to cheer for and benefit from market crashes. Which they're also deliberately causing in the first place.
dheathd65
Rich will see you take advantage of their loss of their hoarded equity and call you entitled. Mad goblin vibes.
ChunkFromTheGoonies
Gray-haired arthritic millennial here. Getting tired of everyone referring to the “entitled” generation as millennials. Most of us are old school and know what life was like before smart phones and 1-day shipping. I’m 38 and have been a tool & die machinist for 20 years now
C110PR
TronLives
Gen X dude here who was fortunate enough to buy in 2008 & has a ton of equity... HELL YEAH I want another crash so this generation has a chance too! Wealth disparity Is a topic people my age and older don't want to address. But, FFS how in the hell can any hard-working young person pull themselves up by their boots straps with prices where they are at? Wall Street, Bezos, etc, are buying up homes to rent and screwing an entire generation, but no one talks about it. :(
AwwYEE
Wanting to be able to afford a house is the image of entitlement?
Mack1986
I own a house and have a mortgage and wouldn't mind a crash so neighborhoods stop being bought up by fucking air BNB companies
WhichIsIt
Complain to your town council. They can be banned. They are definitely the cause of many problems
captwillard024
Even in places where short term rentals are banned, the law is rarely enforced.
keyblader1985
How dare they want to be able to afford a home!
TheGhostMinx
My coworker's folks have three homes between the two of them. He has an apartment. Fuck this society we built, it needs to change.
PirateRubberDuck
The UK is just about to have a housing market crash. What is particularly interesting is that the Conservative government appears to be doing it on purpose. Which is not typical for them. Pity I don't have a deposit saved up.
Totallynotarealbear
theyre crashing it so they can buy it all up on the cheap and then rent it out.
PirateRubberDuck
That does sound like something they would do.
SledgeGTR
I am not a Millennial and I, too, would like to see the housing market crash. The housing market is ridiculously overpriced as a whole and has been for some time.
P0sit1veTh0ughts
They do realize the oldest millennials are turning 42 this year right? Bitching about us since 2000 when we were teenagers. Time moves on…some of us are grandparents ffs.
MightyIink
Wanting a place to live is not being entitled... it's basic needs.
idiotsonfire
Don't forget though, if these houses get bought by people who can afford them, the high risk packages won't sell for them to gamble on.
messedabout
Yes. Please, for my kids! Fuck you corporations
300Hectares1TankofKerosene
Obviously some piece of shit click bait article aimed at pissing off Boomers. Probably succeeded.
CommentsThisTimeLastYear
If wanting a livable future and affordable prices makes me entitled, then so be it hahahah
CommentsThisTimeLastYear
(originally by @Aceman56 on 2022-07-02 17:36:55)
CommentsThisTimeLastYear
Original post: /gallery/siyW7pD
CommentsThisTimeLastYear
Original top comment: /gallery/siyW7pD/comment/2244026945
Goatfer
Imagine calling people who have nothing entitled.
spud497
Millennial here, would be great to be able to afford to live somewhere I can call my own...
cambriago13
I bet the person who wrote the article owns a house.
KuroNeko00
One? No. Much more likely a dozen or more.
Geistbar
Unless you're still paying it off or hoping to sell, a lot of home owners should want housing prices to go down too. Property taxes are almost-always based on the current market, not what you bought the house for... Their expenses would go down if their house went down in value.
Vengeraxe
....that was bought from a Loan from his Parents.
PrfctDrk
Or probably just some rich shithead republicans
semioticmadness
Owns a house, down payment was a wedding gift. During the pandemic, parents gave $450/mo. as a subsidy. When uncle died, put $35K inheritance into kitchen remodel. “Lazy Millennials won’t earn their place like I did.”
KAPTKipper
a company that owns houses
BobTheWeak
Nope. It's some poor journalism student, who can barely make rent. Because a poor society is a society you can exploit!
WorstCommentEver
Multiple homes*... People who own a single home don't really benefit from market swings, as they have to buy their next house in the same market they sell their current one in. If you own multiple, you can sell high and wait for a slump to buy another.
HashMaster9k
This tells you everything you need to know about this particular disingenuous piece of shit:
adiving
I'm not normally one to draw a conclusion from a small bit of information. But damn... that's pretty... condemning.
3Davideo
Wait, it's not satire? Or at least partially tongue-in-cheek?
admiralcrackbar
I bet they own a house purchased for them by their parents.
greenchair
*at least one
vicvalour
And wants to sell some soon
Harryteeters
I bet it was written by Big Housing. They own tons of houses
MarkySpaceMagnet
The companies that repeatedly call, trying to get people to sell their homes.
[deleted]
[deleted]
adiving
You on the other hand should realize that practically everyone else understood the context, that it was not about "owning a small house in the middle of nowhere"
[deleted]
[deleted]
adiving
Quit your bitching. Don't blame your autism, next time consider why you figured you were gonna be downvoted. It's because you are splitting the hairs, and blaming it on others.
Okaybutseriously
I'm a millennial who owns my own home. The ONLY reason that I was able to do so is because my parents paid for my college 100% and I was able to live at home after college until I built up a nest egg large enough to buy my house. I fully recognize how utterly privileged that this makes me and how different my circumstances would be without that boost. I absolutely hope for a housing crash because I'm not a selfish prick and want more people my age to be able to afford houses.
Drives11
I'm currently in that situation, except my parents didn't pay off my student loans. Still way easier to save when you're not paying rent.
WhichIsIt
What you need to wish for is more new construction affordable housing and not McMansions. A crash just shifts homelessness to a different population. There aren’t enough houses.
ShinksAvoHazaar
There are a fuckton of empty houses rotting from not being lived in and cared for, owned by banks and hedge funds.
dohcohv
Yeah, Detroit has the most vacant homes per capita in the nation, just move there!
JohnSmithterms
The only people who win in a housing crash is the bankers ... who control the interest rates. And people that are wealthy. They can weather the crash and buy up property cheap to rinse and repeat all over again. Fuck the crash, we need to break the wheel.
shehulkWhitt
Same boat, me and my family (SO and son at the time) moved in with my parents from renting to save up for a deposit. Couldn’t of done it without them!
fredh67
Don't be ashamed or embarrassed (or feeling entitled) - that's absurd. As someone who took years to get out of debt started in college, I'm paying for my kid's school and rent so that they don't start life in debt. They will be free to live with me as long as they want. The only thing I'd hope from them is they pay it forward to their kids.
DrankTooMuchMead
All I can say is that your parents were very smart. They weren't living in deniability the way most boomers and many Xers were. They cared more about you than being right.
AbrasiveKrab
I'm a millennial who owns a home and I 100% lucked into it by dating a girl with rich parents who then left me with the house after she walked out 3 months into the mortgage. Also, buying just before covid and having a decent job to be able to keep up payments. I'm so hoping for a crash so my goddamn interest payments go down. I'm paying $1000/month more than I was a year ago.
Ultrasuedeisamiracle
Me too, but I got help here and there like you did. I felt better at some point a few years ago, when I was feeling like a loser and finally asked my elder millennial homeowner peers how they got their first place, and every single one of them got help: inheritance, loan from bank of mom and dad, married into money, etc., none of our friends who scraped by totally alone have been able to buy.
mindstorm8191
The only reason me & my disabled wife don't live in bad rental places that do nothing to help her (yes, accommodating is the law, but they'll fight tooth & nail to avoid it) is because my parents let us use their credit to buy it.
SubTrout
Very similar boat here, I could only save up enough for our downpayment because I could live in the finished basement of my parents' house for a few months after a move out of an apartment. Also the added luck of buying in 2018 before the pandemic absolutely wrecked the market even further for housing.
Imatgher
mksu
Meanwhile, day traders actively plot market crashes so they can capitalize on the gains, and this is completely normal and acceptable and nobody writes articles talking about what awful people they are for it (even though they should).
GaetanBamphous
They own the media companies that give you the news.
rouzuki
It's become ridiculously apparent in the last year with the push to get people back into the office. Absolutely sickening.
sweetandsmokey
If they plot a real estate market crash, I wont mind. Still hate traders BUT if it means I can actually buy a place in the middle of the turmoil and secure myself a little for retirement, that would be f ing amazing.
PlumbingPredator
Day traders or swing traders also profit (shorting - stock going down) when incompetent or scam companies dilute or go bankrupt. It's a win/win morally. People also make money upwards when the same scam companies pump upwards.
atomfixes101
We could easily crash the housing market. No bullshit. If we get everyone to stop buying them for the next few months, small crash, next 2 years, big crash
OhioSucks
It ain’t day traders, that’s for sure
bunnyishungry
Not just millenials cheering for a housing crush, everybody without a house is cheering for a housing crush. My parents who are 60 are cheering for a housing crush.
FrozenCoast
I have a house that I would not have been able to afford at todays prices and I hope the market crashes.
AdrianMole
Isn't that irrational though?
FrozenCoast
I want others to have the chance that I did. It’s all fake money anyways since if I sell I will just have to buy another expensive home.
jlist
98% of day trailers are not making any money, don’t imagine things that aren’t true
Psychobeanz
Source?
pleaseconsiderthatImightbejoking
98% of day traders are doing it wrong by not rigging the market
jonReremy9669
because millennials has become a pejorative for liberal, university educated, progressive, bernie sanders/hillary voting, activist, vegan, woke, diverse & inclusive, lgtbq+, young people. but it fails to realize that there millions of "finance bros" under the age 40. millions who voted for drumpf the 🍊🤡🍊🤡 who are also under the age of 40
mksu
The finance bros under 40 literally bitch about millennials while failing to remember or realize that they too are millennials.
Totallynotarealbear
but theyre GOOD millennials who pulled themselves up by their bootstraps with nothing but their parents connections and a quarter million dollar investment!
VosperOfAntarctica
Bu$ine$$ is Bu$ine$$. Unless the poors try. Then it's economic terrorism
Mostlydeadpool
"you should have thought of that before you decided to become PEASANTS!" "wait what? no. don't try to STOP being peasants. We need you cheap slave labor!"
KilroyLichking
IT OF NO CONCERN OF MIEN IF YOU DONT HAVE..... wait what was it again ?
DukeDarkwood
"But, you're the ones telling us we could be rich, too, if we applied ourselves."
Waidonut
See it's only bad if the rich suffer
TiddyMcGillicuddy
Day traders don't have the buying power to create crashes. The real crime happens with hedge funds and market makers, who are able to run entire companies into the ground through algorithmic naked shorting. They have pools of billions of dollars to cause collapse.
jadams999
Thank you for this
RalphH
I am gen-x and i consider buying a cheerleader costume.
UncleMartha
+1
djcinfloriduh
Let’s coordinate outfits
Cranbananarama
Something with blue.
iosej
Sorry to burst anyone's bubble but even a crash won't help these days. A crash would just help corporations buying up all the houses and poor people still wouldn't get one. Even though the percentage of wealthy people is low, there are enough with money who know that things will bounce back that will buy a crash. There needs to be laws against corporations owning houses or we will never solve our housing problems.
PlumbingPredator
It's all cycles. There's always a lagging effect.
Kaysmira
Acquaintance found a house and was willing to pay the $250k they were asking for it, was in process, almost done with all the red tape--corporation swooped in and paid $550k for the house, 300k more than was asked for it, just to grease the wheels and get what they wanted. That's not happening in every case, but it shouldn't be happening in any case.
magister333350
The other issue is a crash never crashes hard enough to MATTER. For example prices are up almost 300% over what they were in 2010 in my current area of the States. So even if they crash down even 50%, they're still up massively over their old price. Corpo whores and tech bros will buy them up, flip them, Air BnB them, and everything else just continues to worsen.
comacomacomacomachameleon
Up 300% and down 50% is a net increase of 50%.
yakusokuN8
This will NEVER happen, but what if you needed a social security number to own a home, and were limited to 2 each? I know this screams of socialism and would get shut down before a bill could even be discussed, but it would be an interesting shift. Only human beings could own a house and the market would flood with tons of extra homes.
ChallengerDeep
The government got corporations started in the SFH rental business with the "REO To Rental" program, rather than letting house prices reset
idiotsonfire
Wouldn't it be weird if a whole bunch of Blackrock's buildings just...caught fire. Totally spontaneously, apropos of nothing.
TI99Kitty
Imagine what this country could be like if corporations weren't considered PEOPLE in the eyes of the law...
idiotsonfire
Who else would be considered a person? Oh yeah, landowning white men that could buy others as chattel. That's America's foundation.
idiotsonfire
The majority of people are not even people in the elite circle's eyes.
Sooner70
The only people who don't want a housing crash are landlords and flippers.
fredh67
I sold my last house to a flipper. I disclosed everything. 1970 junk house with aluminum wiring... I couldn't keep up with maintenance, going into debt to fix the serious issues, but cosmetically it was really bad. He kept sending people to look at it - inspections, appraisals, had his "crew" come out and evaluate, everything... they did a nice job fixing up some parts, but horrible with other parts. I'm sure they lost a lot of money. It was early last year, so I made bank on it.
InkyBlinkyPinkyAndClyde
Housing crash will only makes things worse, unfortunately, exactly like the last one did. We need actual real policy change to bring house prices down, like blocking investors from buying them. Otherwise, the next crash will do the same thing that the last one did - a bunch of people will lose their homes, and investment companies will snap them up. A few "regular" people might get affordable homes, but more "regular" people will lose them. Net loss overall to normal people owning homes, and /1
InkyBlinkyPinkyAndClyde
a net gain to landlords and real estate investment companies. Plus all the other negative effects of crashes, people losing jobs and retirement funds and all that. It's not a thing to wish for, it's the poorest among us who get most screwed and the richest who gain. /2
CuntCrotchula
"People who don't want to be exploited are entitled"
MarkySpaceMagnet
That is the rabid rights world view
SirLurkAndSmirkAndSometimesSnark
How dare we be so entitled as to try and take the ill-gotten gains they were entitled to. Our labor is theirs to exploit. Know your place peons!
MNutpunchMNICEallday
I was just thinking that it's not that people want a crash, it's that people want affordable housing - it's the fact that a market crash is what's seemingly necessary to reach it that is the problem.
UncleMartha
spinsterdotorg
Exactly this. I just bought a house in 2018 & I want the crash. I am exhausted at people suffering.
TI99Kitty
Just like how people tired of being exploited at work = "Nobody wants to work anymore."
Vesane
It's because of the "If I had to suffer, so do they" mindset
whitegirlcanteven
Which makes me so livid. Tell me you are a horrible monster of a person with no empathy or shred of decency? "Well, I had (blankity blank), so others should suffer, too." Like, that is some purely evil, heartless bullshit. No one should ever want people to suffer because they did, it doesn't "justify" their suffering, it makes it ENTIRELY meaningless and subjects others to it for no reason.
admiralcrackbar
Only they didn't actually have to suffer, especially not when compared to what people go through now to be able to afford even a mediocre living.
whitegirlcanteven
But my pearls! My precious pearls! I must clutch them and ensure I have no empathy, understanding or compassion because, well, then I couldn't justify my atrocious, disgusting, selfish behavior and I might have to FEEL BAD. (/s)
VitaminP6
Nevermind that the suffering we have to go through is way out of proportion, seemingly endless, and deliberately perpetrated by them to maintain what they have
VitaminP6
Perpetuated*
Mostlydeadpool
"difficult to work with" = "calls you out on your bullshit."
thembitchesbewitches
We're not entitled for asking for what was promised to us. We're betrayed and disillusioned.
SunkenFruit
Nothing is promised. I mean, I agree the housing market is overpriced and unaffordable for most, but saying you were promised something smacks of first world entitlement. Economic conditions change. There are no guarantees, not even that the US economy will remain strong and competitive globally.
SecondHandDeathWish
Every adult from the time I was eight to 17 told me I'd have a house and a car and the picket fence and the wife and two kids and and and.....I was told my work ethic and being an "intelligent young man" was going to take me places... That place is an apartment that costs more than my parents mortgage pre 2008, and is nearly rivaling their mortgage now on a four bed two and a half bath.
SunkenFruit
Being completely honest here, but no one ever told me anything like that growing up ever. No one ever told me that life would be easy street and that a privileged life would be all but guaranteed. I guess I deserve to be downvoted for it.
WhichIsIt
Who promised you’d be able to afford one? They don’t call it the American Dream for nothing
HeartsAndStars
If the American dream includes a house, a car, a chicken in every pot, then why do we make houses SO EXPENSIVE that they're sitting empty?
idiotsonfire
Because its a racket. Capitalism is nothing but a dictatorship with a million tiny tyrannies all operating under the disguise of a nation.
TheGrubinator
"It's called the American dream because you have to be asleep to believe it." - George Carlin
EroticZombiePants
Capitalism. The ultimate goal of capitalism is to make a situation where all 100% of the working class's money goes directly back to the elite. Capitalism doesn't want workers to own anything at all. It wants workers to have to rent everything from the wealthy.
acountrymember
Because they made redlining illegal
kendrickmeadows1
"That's the best part!!! WE DON'T!!!" Seriously the houses today are much worse build quality than those in the 70s which were still being built with real brick and cinder block exteriors. All the inflated costs of home construction right now are being manufactured by the companies who own the supply chain. Never once did any of my local LUMBER stores (not Lowes / Home Depot, real lumber yards) have a shortage of 2x or ply or OSB.
ThisGuyPostingThings
If there's a shortage, it'd be due to a sudden surge in demand - I've seen a number of OSB & sawmills closed because of the market.
TI99Kitty
I don't think they meant the cost of building the houses. They're asking why houses are still being built and then priced out of the reach of most people.
mindstorm8191
Because why wouldn't you charge as much as you can for the product you can make?
tesseract4d2
Why would you build a single $500,000 home hardly anybody can afford instead of 5 $100,000 homes that will get bought immediately for well above asking?
mindstorm8191
Probably because you can't build 5 houses on a single lot of land. I don't know if they're not allowed to split it or if there's fees involved, but I don't think it should be like that either.
On a serious note, I'd love to buy a home, renovate it into two separate homes, then sell them each for 70% of the original price. I think we should make compact homes a thing
skipweasel
As a house owner without a mortgage - I also want a house price crash so our son can afford to move out!
meauho
It would take the value of my home and then I could dispute my home value in my property taxes. By the time my kids are out of high school it will have recovered and annual increase limits on property taxes means I will have saved tens of thousands. It won't hurt people who bought their house to live in them, it will cost a fortune for the companies that bought a bunch up as investments.
alisa2089
crypticlinguistic24
I feel you. My son is 17 and the type of kid you have to hover over to make sure their chores are done. I worry if I'll ever be free of cleaning up his messes. Plus, it took me until I was 38 to finally be able to buy a house. I don't want that for him. Home ownership is one of the greatest coming of age experiences and necessary for building wealth.
RobocopShootingDicks
Dad?!
Ninjainslippers
My only backlash is that I have friends who barely qualified for a loan and I've known people who bought at the height of the 2008 crisis and were under water on their loans for like a decade. I'm personally fine but owing $500k on a house that's now suddenly worth $250k sucks.
infin3
After a family accident, been helping pay the bills for the last 9 years and I'm almost 30 and I'd like to be able to move out eventually now that the family situation has somewhat leveled out even though its still rough, but it's too damn expensive to go anywhere
MichaelMcShwanagan
Plus we’d all save on property tax -that’s the lifetime killer
BigDaddysMeatWagon
Shit, me and the wife moved in with my mother to help her pay for the house and bills. Cost of living is too damn high. Also we love our parents. Lol
ThighHighsSaveLives
Been living with the family all my life, worked 15 years in IT and had a mental breakdown, working part time now while I get into therapy. This country is so fucked, I'm just scared as thoughts drift to dark places. Doing all i can to avoid thinking about it while I wait for some counseling.
Peloquin
As a homeowner with no kids, and MAGA nieces and nephews, I have no one to leave anything to anyway.
UsernameMayBeSubjectToChange
I want to be able to afford an upgrade
ElbowDeepInBillCosby
That's as fair a reason as the others. No sarcasm. Take advantage of what you can
WitchIrkalla
Of we have to live in this nightmare capitalist hellscape, we might as well exploit it for our own benefit.
FoamingToad
As a homeowner wirh neither mortgage nor kids, I say yeah. Renteirism is destroying society.
swanglemydangle
You have no idea how true that is for me as well. I have my son, his wife, a sister-in-law l, her husband, their two kids, my wife's niece is trying to be a squatter as well
frosss
I think the point of entitlement is wishing for a crash just so you can get a house for cheap is selfish. There is a lot of negative things that come with a housing market crash that will effect a majority of Americans, and not just wealthy investors.
Froggie243
Nobody's cheering for cheap- we just want reasonable. I'm not paying double for a shit shack just because the market is what it is. I don't want to keep paying rent! I'm nearly 30!
JohnThatcher
As a homeowner with a mortgage, DO IT! DO IT NOW! I don't own a home as an investment, I own a home to live in. And investment properties are the only thing a crash would hurt. My kids need some place to live!
kaarbaakimgr
Tell us you don’t understand economics without saying you don’t understand economics.
JohnThatcher
I understand economics just fine, you corporate shill. Yes, there would be downstream effects, almost all of which could be completely mitigated by de-coupling the affected system from property values (which they SHOULD BE). But because companies exist to make money in any way possible, as fast as possible, they make these risky associations. The fact that we live under "welfare for the rich, fuck you if you're poor" only encourages this.
racknoz
Tell us you're a piece of shit without saying you're a piece of shit.
PoorBoyChevelle
My parents get hammered with inflated property taxes each year on a place that's definitely not significantly improved
frosss
I bought my house in 2018 for ~$240k I am taxed this year at a value of $487k and I have done 0 improvements that the city is aware of.
alrightalrightalrightpartyatthemoontower
Same. We are hammered by move in prices
q2grapple
Mine went up by about 33% over prior year. I’ve done nothing to the house (neither have the neighbors generally speaking)
Sensiblyinteresting
You let investment firms buy houses in the area for 50-100% over market value, that will do it
GenuineBeamm
Yah q2grapple, shoulda exercised all that control you have over sales of neighbouring property you don't own. You did this to yourself tbh.
Sensiblyinteresting
Forgot the /s on my comment sry
q2grapple
Dammit. I knew it was my own fault and I still didn’t stop me
q2grapple
I let? Who do you think I am? Karen from the HOA?
Sensiblyinteresting
Forgot the /s on my comment sry
woozle
we bought our house to live in and not an investment vehicle. I want others to have a home of their own. whatever it takes
Forensickle
If your house is worth 1mil, and you only own the 1 you live in. Then the housing market crashes and it is only worth 500k, it means all other houses crashed too. Owner occuiers sell to buy a new house to live in, which means their house value is still 1 house
woozle
also, yeah. I have a couple birds I want to leave the nest
undercoverles
You’re a good parent for letting them come back to the nest honestly - signed, a millennial with no family net.
woozle
I tell them that they always have a place to land and their room is available. I'm sorry you lack support. I did too, which is probably why I offer it openly
tarnok
My parents are the best parents. They never wanted me to leave but in an "Italian" way. My father and mother grew up in generational homes in Italy, he wanted to build an additional apartment or convert the upstairs into an apartment for me to live in so that we could all be together. When I was able to buy my own home 12 years ago before all this bullshit I considered myself extremely lucky then. As everything started going up I started converting my house into a boarding house and made an
ThrobbinHoodz
We just got a home (elder millennials) I'd like some affordability for new starters because it was hard work for us. I'd like the mortgage rates to not make us homeless too.
DeadeicPrints
Exactly. Ppl who think of buying house as an investment are the reason that HOA exists, ugh.
woozle
the real estate agent told us it's a great first house and we laughed. I said, "this IS our house. we're not trying to keep stepping up"
homoerection
Let me be clear, HOAs are terrible, but your assertion that they exist because of investment properties is absolutely false.
homoerection
That’s not at all why HOAs exist.
mebe21
That's the lie they tell people for why they exist so they can pretend it's not racism.
DeadeicPrints
At all? Most of their ridiculous rules are all about property value. Most times ppl get pissy at me for hating them is them claiming it helps their property value. Obviously it's more nuanced as is everything, but "at all"?
tayloralexanderk101
But they do exist, and they're bad.
homoerection
But that wasn’t the claim of the commenter
homoerection
Oh my goodness they are horrendous and I’d never live with an HOA.