Allah

Housing Affordability Surges

I don't think people are attacking housing, they are attacking the ridiculous premise that it has become affordable. Housing will be great when prices do eventually come into equilibrium with incomes.


On Jan 31 01:49 PM Mark Anthony wrote:


> I do not understand all you people attacking housing as if it was
> the most toxic and harmful things in the world. Such a sentiment
> is sickening. Houses are physical assets with real value and real
> utilization. It is a basic and important human need to live under
> a roof. Read this:
>
> seekingalpha.com/artic...
>
>
> Most Americans do live under a roof. You either own a home or rent
> one. Few people actually sleep on the street. So housing is always
> a question of picking between renting or buying.
>
> To the one suggesting that an average family can not afford to pay
> $801 a month to buy a median price home. Let me ask you how does
> the same family afford to rent a home at $1000 or even more per month?
>
>
> You have the benefit of tax deduction. So buying a house at $801
> a month also saves you $250 a month on tax. It's equivalent to paying
> $550 per month for rent. If it's me of course I prefer own a home
> than renting one. But then I am already a home owner today.
>
> I think as the dollar collapses we will see another housing boom
> again. Holding any physical asset is much better than holding any
> paper asset.