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> However, owning a home is a significant economic data point because it's a large investment to make that requires access to okay credit You would be surprise
by JustExAWS 2y ago
> However, owning a home is a significant economic data point because it's a large investment to make that requires access to okay credit
You would be surprised at how low the credit rating you have to have to get an FHA mortgage. It only needs to be 580 to qualify for 3.5% down.
> However, owning a home is a significant economic data point because it's a large investment
And then later you said
> A house shouldn't necessarily appreciate in value over time, and the fact that it's expected to is... strange.
So exactly how do you keep a property from appreciating in an area that people want to be in? My parent bought their home in 1978 in South GA for $50K. According to Zillow it’s now worth $180K. Inflation adjusted it should be worth $245K (https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/).
> And that's not even going into things like offshoring and cheap international goods that have obliterated small town America, or corporations like Walmart, which have done a fantastic job of pillaging middle America's markets out of existence.
So you support Trump’s inflationary policies about tariffs that will make goods more expensive in an effort to bring jobs back to the US (which won’t happen).
The world where every other country was demolished by wars and allowing the US not to have to compete with other developed nations is gone. Manufacturing jobs aren’t coming back to the US. Would you be in favor of taxing those in the 90th percentile in wealthy (which you only have to make around $160K to be in) enough to support all of the other people so they can buy houses?
I think a lot of people here have absolutely no idea how “rich” they are compared to the average American and aren’t willing to give up enough of their income for “equality”.
> So like, you gotta deal with them one way or another. They're not just going to Thanos-snap out of existence.
Let them suffer. They would rather vote for politicians who hate the same people they hate - non Christians (except for Jews for some reason), minorities, immigrants, non-straight people, college educated, etc. They aren’t voting against their own interest because they are “uneducated”.
They see the country eventually becoming more diverse and minority/majority and are doing everything they can to fight the inevitable.
They themselves would rather not have universal healthcare because it might help the “illegals”.
Of course other cohorts are the middle class evangelicals who think they are going to burn in hell if gay people have equal rights and Jesus won’t have any place to come back to if Israel isn’t protected. I’m not exaggerating at all to make a point.
Then you have people with money who like the status quo and don’t care about inequality.