we need a final solution

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643316)

Renting is freedom IMO.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643356)

Probably wouldn't move when they're older but that's a choice I would like to make myself, not have made for me by a mortgage.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643427)

Cot damn you're one dumb motherfucker 😂😂

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643455)

Surprising! But good for you champ.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643504)

I really hope you do get paid for doing this, at least.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643514)

“Robert Mueller was always Republitard’s failed god. Now they pretend not to remember. Sad!”

*chews glass*

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643584)

BTW, when is the redneck uprising?

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643599)

Somebody dull enough to believe trump will be reinstated bc of cyber ninjas is simply not an intelligent person.

Whats your income approximately? Highest level of education completed?

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643581)

“You don’t even subscribe to the New York Times, so you? Have you ever even *held* a copy of The Atlantic? I can’t believe I was my time with you people.”

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643596)

The Atlantic shouldn't be lumped in with the NYT tho. Bit of a prole tell ;-)

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643605)

“Ha ha, indubitably, indubitably!”

*curls pinkie with fake painted pink nail glued on it for Pride month on it and sips tea mixed with soy cream and nigger cum*

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643626)

Lmao you really wanna bring up Mueller?

“Please proceed, Governor.”

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643481)

Liberal humor, folks! Here all day (literally).

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643572)

"What indeed!" LOL'd the evil fuckers pushing this.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643422)

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643441)

I think that's more personality type than anything else. Some people will be engaged and GAF and some people won't, regardless of renting or buying.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643571)

Perhaps the issue you're having ITT is that you don't have a clue what your talking about.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643595)

Questions?

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643611)

(Guy who’s idea of a “close knit community” is spending years poasting on a message board every day continuing to pretend he has an IRL family in a desperate attempt to impress and/or “pwn” total strangers who despise and mock him for being such a sad and mentally ill idiot)

“But they all know who I am, don’t they?! ;-)”

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643677)

America has a 66% home ownership rate now. Does this seem like a place with high social cohesion and high trust?

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643657)

Yes, and demographics play a big role in low social cohesion and trust in the US.

I remain unconvinced that owning homes leads to more commitment in the community. It does make sense intuitively, just doesn't match my experiences or observations.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643691)

Second article: Oddly much of this one focuses on the benefits of quality housing not owned housing. It seems to conflate home ownership with quality of housing and I don't think that's right.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644032)

There are a lot of feel good quotes about how homeownership made people feel. This doesn't move the needle for me a ton tbh bc it's a bit of a tautology - home ownership is important because it makes people feel good, and people feel good about it because we are told home ownership is important.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644114)

Rising real-estate prices are stoking fears that homeownership, long considered a core component of the American dream, is slipping out of reach for low- and moderate-income Americans. That may be so — but a nation of renters is not something to fear. In fact, it’s the opposite.

The numbers paint a stark picture. After peaking at 69% in 2004, the homeownership rate fell every year until 2016, when it was 64.3% — its lowest level since the Census Bureau started keeping track in 1984. The rate rebounded in Donald Trump’s presidency, hitting 66% in 2020, but that trend is likely to be arrested by a housing market that is desperately short on supply and seeing month-over-month price increases greater than they were in the frenzied market of 2006.

This process is painful, but it’s not all bad. Slowly but surely, most Americans’ single biggest asset — their home — is becoming more liquid. Call it the liquefaction of the U.S. housing market.

Even in the best markets, single-family homes have historically been an extremely illiquid asset. Appraisals have to be made on an individual basis, and mispriced homes can sit on the market for months waiting for a potential buyer — only for that buyer’s financing to fall through.

Liquid assets, like publicly traded stocks and corporate bonds, earn what’s known as a liquidity premium: Their market price is many times the dividend or coupon that investors get from holding them. The more liquid an asset, the higher that premium goes. On the flip side, those same high-flying stocks and bonds can see their prices collapse when investors get spooked and withdraw their cash from the market.

Houses have typically traded with very little liquidity premium. That meant a relatively low purchase price compared to what it would cost to rent — the equivalent of the dividend from housing investment — and stable prices over time.

These two factors made houses a good investment for moderate-income families who often lacked the cash and the risk tolerance for market investments. As investments went, single-family homes were cheap and slowly grew in value in both good times and bad.

In the early 21st century, automated appraisals and mortgage underwriting began to change that. Combined with the repackaging of subprime loans into presumably safer CDOs, they created a far more liquid market for housing. In response, housing prices soared — and became more sensitive to the vagaries of the markets. When investors pulled out of CDOs, buyer financing dried up and the whole housing market crashed.

It may have seemed at the time like a failed experiment. But financialization had changed the housing market forever. Houses are now more prone to be priced high relative to rents, and to see their prices fluctuate with the market. The very features that made home buying an affordable and stable investment are coming to an end.

But the illiquidity that made houses a safe investment also made America less dynamic and mobile. In coastal markets with strong demand for housing, market forces would normally have led to the replacement of single-family homes with duplexes and apartments. But existing homeowners are reluctant to agree to development with unknowable effects on the value of their most precious investments. The result is less development — and sky-high rents for any residents not lucky enough to own their own home.

As institutional investors increasingly enter the housing market, however, the incentives begin to shift. Large investors can expand or redevelop their properties themselves, because they benefit from a greater number of overall tenants, even if rents themselves dip.

Meanwhile, the increased availability of rental properties could benefit homeowners in declining areas of the country. They frequently cannot move to more prosperous areas because they can’t sell their homes for nearly enough to buy a new place somewhere else. In an economy with more rentals, however, they could afford to try a new place for a few years without the commitment of a mortgage or down payment.

A nation of renters could lead to a world where location decisions are driven far more by personal preferences and life-cycle demands. Younger workers might prefer the excitement of the city. A couple just starting a family could reunite with their parents or siblings in a small town.

The U.S. is not quite there yet, and not just because too many people are chasing too few apartments. To see the U.S. as a nation of renters requires a revision of the American dream of homeownership. This country was always more about new frontiers than comfortable settlements, anyway.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643415)

'And besides, America was ALWAYS about being an itinerant, rootless, property-less serf!'

'We all know America was ALWAYS about celebrating and drawing strength from open-borders DIVERSITY!!'

Right, FELLOW AMERICAN???

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643473)

In fact all Americans have been here in permanent generational houses for centuries!

😂😂

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643522)

John G. Powergoy, JD from Ohio BLAZING A TRAIL and heading to the frontier of the BIG CITY to work shitty hours for his Reform Jew boss so he can afford to pay rent to his Ultra-Orthodox Jew landlord and hopefully one day get out from under his $300k of crushing law school debt

tearing up just thinking about it. Exactly like heading west on a wagon train for cheap land

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42643763)

Pioneers risked life and limb on the Oregon Trail et al. to have a wild chance at land/home ownership. They literally fled their shitbox slums on the East Coast because the government was granting parcels of land to those brave enough to make the journey. The dream being, of course, of setting up just such a generational home. Most people intrinsically understand that "renting" the land you live on makes you a slave in some respect; true then and true now.

your takes ITT are among the dumbest you've ever produced, amazingly enough

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644314)

1980s recording of a guy recollecting a 1969 conference he went to.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644038)

https://twitter.com/karlbykarlsmith?s=21

Favorite part of his feed is that he retweets a bunch of blond libertarian chicks

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644027)

http://autoadmit.com/thread.php?thread_id=4859033&mc=47&forum_id=2#42643994

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644139)

build back better!

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644258)

Additionally, http://www.xoxohth.com/thread.php?thread_id=4859030&mc=1&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42644279)

I guess that's another W on the board for Obeezy. 😎😎

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42645121)

Lol, yeah because people have that level of choice and their decisions aren’t grounded in the economics of where work is available.

(http://www.autoadmit.com/thread.php?thread_id=4859010&forum_id=2#42645439)