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I know it hasn't crossed your mind yet but, MOST people on here could give a rats a.s about your self inflicted plight.
It is NEVER YOUR fault. It is ALWAYS someone elses.
Housing prices have been the lowest then they have been for a LOOONG time. If you can't afford one now, you never will.
question is, do you support free markets and capitalism, or do you support unfree protectionist markets? it is certainly not my fault that housing markets are unfree.
??? but I *want* to buy a house. I want to escape the scourge of rent inflation that keeps increasing my housing costs and keeps me from getting ahead financially. Specifically, I have a particular cozy little 400-sq ft house in mind, with 2,500 sq ft of land. But government won't let the property owner sell it to me.
Some burger flippers do own homes. If the average flipper makes 15K per year, he or she could qualify for a home costing between 30K and 45K (assuming you follow the price of a house should be 2 to 3 times that of your income rule). There are MANY areas in the country where you can purchase a home within that range.
But, you have to have good credit (which you don't), you have to have a down payment (which you don't) and you have to have a stable job (which you don't). Please explain again how it's someone else's fault that you can't buy a home.
??? I have private financing up to $40K arranged through an employer (it's seasonal work I do remotely), I found a house I wanted to buy but government got in the way.
??? I have private financing up to $40K arranged through an employer (it's seasonal work I do remotely), I found a house I wanted to buy but government got in the way.
And you contend that it's the ONE and ONLY home available for that price? Not hardly. IF you really have financing, then the only one standing in your way is YOU. Go out and find another house. If you can't find one in your current location, move. Since you work remotely, you can live where ever the COL and home prices are cheapest.
If the above is true, then you CAN buy a home, but it appears you would rather complain on C-D than do so.
This is total BS. Too many people were buying homes they had no business buying in the early 2000s. Not everyone should own a home. Home ownership is not like going to a Dr. Some people need to rent. They have no concept of what it takes to own a home. Many can't turn a screwdriver without endangering themselves and others. Many just can't handle owning a home. Pushing people into home ownership is total BS.
??? but I *want* to buy a house. I want to escape the scourge of rent inflation that keeps increasing my housing costs and keeps me from getting ahead financially. Specifically, I have a particular cozy little 400-sq ft house in mind, with 2,500 sq ft of land. But government won't let the property owner sell it to me.
I see this as BS.
The government is not stopping someone from selling their property if it's zoned correctly.
Yet you have no skills, no credit, nothing.
And you have posted numerous times that you'll do nothing to better your plight.
Everyone has wants.
How does it feel to want?
You choose and have consistently chosen NOT to better yourself or your situation.
2,500 sf land, where do you expect to find that?
I own 2 houses and will never see anything like that.
My property is 1250 sf, typical city dwelling and property.
Do you have a roof over your head?
Better get grateful, lots of people don't have that.
IMHO - Stocks and other financial products are for speculation. Houses are for shelter and not for profit. Buying houses on the bet that they would be worth a lot more in a short time is what ruined the American Housing market. If you want to gamble buy a Lottery Ticket. I heard some grandmother just won over 200 million on a $1 bet.
This is much more in line with my philosophy.
There's factors keeping the housing prices inflated. Since they're not at "real market value" homes are sitting vacant and those in need of housing are missing out.
“There is the possibility that Wall Street and the banks and the affluent 1 percent stand to gain the most from this,” said Jack McCabe, a real estate consultant based in Deerfield Beach, Fla. “Meanwhile, lower-income Americans will lose their opportunity for the American Dream of building wealth through owning a home.”
Owning a home does not build wealth. If it did, I should be rich, because I have owned two different homes since 1972, one in San Diego, and now in Ohio.
A home will (in normal economic times) appreciate in value, but one only realizes that appreciation upon the sale of the home, though the increased value does increase ones net worth. Still, this does not make one rich. It helps a little, but that is all.
Becoming "rich" takes more work. It takes planning and saving, and investing those savings wisley. Even so, one may not become "rich," but may only become more secure, more financially independent.
Most people who have become truly rich have worked very hard for it, owning a successful business, growing that business, etc. Others become reasonobly well off by virtue of their job skills (business management), but not everybody is a Bill Gates.
Nobody getting rich is "destroying the American Dream" for others.
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