Federal troops in Pittsburgh? (Penn: renting, new house, subsidized)

[szug-bot]

he's talking about all the fears everyone has had since the beginning of time.

its just tough luck - life is full of "what if" scenarios. you take chances, you take risks, and you can't always get what you want.


but if you try sometime, you find, you get what you need.

[PghSportsGuy420]

Originally Posted by szug-bot

he's talking about all the fears everyone has had since the beginning of time.

its just tough luck - life is full of "what if" scenarios. you take chances, you take risks, and you can't always get what you want.


but if you try sometime, you find, you get what you need.

Social unrest doesn't happen in vacuum.

Young people now have it harder than any generation of young people going back to WW2.

When you look at the news and see protesters marching and rioters burning down buildings, remember that government and social policy caused that.

There's nothing more ironic than the Boomers, who were handed everything on a silver platter, telling their kids to 'just deal' after they destroyed every system that benefitted them. With tools like reverse mortgages they'll be taking every last dime to the grave with them. Truly the most selfish generation in the past century.

[PghPatriot]

[quote=PghSportsGuy420;58711030]

Originally Posted by PghPatriot

In markets that have decent jobs, that's what the houses start at. Fire up Zillow and take a look at Denver or Saint Paul MN.

Pittsburgh bats above it's weight for job availability to housing costs, but that's less true now than it was ten years ago and I expect prices to go up even more in the coming depression as institutional investors snap up homes to rent, as happened in Atlanta.

I bought a starter house 6 years ago for $97k

[PghSportsGuy420]

[quote=PghPatriot;58711069]

Originally Posted by PghSportsGuy420

I bought a starter house 6 years ago for $97k

Yes, why I said Pittsburgh bats above it's weight for housing availability. For the moment. Don't expect that to last forever.

Like I said, I've got a friend in Denver waiting for a decent starter home in a decent neighborhood to show up below $450K. That's the norm there, and in many other cities.

[PghPatriot]

[quote=PghSportsGuy420;58711093]

Originally Posted by PghPatriot

Yes, why I said Pittsburgh bats above it's weight for housing availability. For the moment. Don't expect that to last forever.

Like I said, I've got a friend in Denver waiting for a decent starter home in a decent neighborhood to show up below $450K. That's the norm there, and in many other cities.

Then I'd want to make sure I made a lot more money if I lived or moved there, otherwise I'd move somewhere that I can afford.

[PghSportsGuy420]

You go where the jobs are. Denver's got a healthy tech sector.

[PghPatriot]

Originally Posted by PghSportsGuy420

You go where the jobs are. Denver's got a healthy tech sector.

I don't know what to tell you, then. If you think that people deserve homes valued at over 1/4 million in their 20s as starter homes, then I'm not sure we live on the same planet.

[PghSportsGuy420]

Originally Posted by PghPatriot

I don't know what to tell you, then. If you think that people deserve homes valued at over 1/4 million in their 20s as starter homes, then I'm not sure we live on the same planet.

The houses are valued at that because of arbitrage, and nothing else.

https://www.zillow.com/homedetails/1...13288346_zpid/

There is nothing about this house that inherently makes it worth nearly $700K.

Just a housing market that squeezes the young out of housing stability until they're past their prime child-bearing years.

For people like my acquaintance in Denver, there isn't any less expensive "starter" housing. Period.

As I said, civil unrest doesn't happen in a vacuum. When adult life is out of reach for the young, they riot. I don't blame them.

[PghPatriot]

Originally Posted by PghSportsGuy420

The houses are valued at that because of arbitrage, and nothing else.

https://www.zillow.com/homedetails/1...13288346_zpid/

There is nothing about this house that inherently makes it worth nearly $700K.

Just a housing market that squeezes the young out of housing stability until they're past their prime child-bearing years.

For people like my acquaintance in Denver, there isn't any less expensive "starter" housing. Period.

As I said, civil unrest doesn't happen in a vacuum. When adult life is out of reach for the young, they riot. I don't blame them.

Houses, just like anything else, is valued at what the market will bear. Supply & demand, etc.



If your acquaintance can't afford to own a home in Denver, I would recommend that they move. Same advice I would tell someone that lives in Beverly Hills, or Manhattan, or anywhere.

[erieguy]

Originally Posted by PghPatriot

Houses, just like anything else, is valued at what the market will bear. Supply & demand, etc.



If your acquaintance can't afford to own a home in Denver, I would recommend that they move. Same advice I would tell someone that lives in Beverly Hills, or Manhattan, or anywhere.

Bingo...but entitlement.