State of the Union 2024

[Brainonska511]

Half of renters spending over 30% of their income on rent is such great news as home ownership is out of reach for so much of the working class.

Great. You've identified a persistent problem in many housing markets of the US. So how can we fix this?

 

[[DHT]Osiris]

Great. You've identified a persistent problem in many housing markets of the US. So how can we fix this?

Burn the white house to the ground, obviously.

 

[dank69]

Look, hyperbole on both sides of this argument just makes it all worse for everyone.

 

[SteveGrabowski]

Great. You've identified a persistent problem in many housing markets of the US. So how can we fix this?

I have already answered a start would be keeping Wall Street from buying homes up and stopping collusion among landlords (eg via RealPage).

 

[fskimospy]

Okay, but a single wage earner could afford a house, a car, a refrigerator, and running water; along with food for a family of 7 in the 50s. So make that make sense.

The person you’re talking about was considerably wealthier than the average American.

Again, 20% of people couldn’t even afford running water and 30% didn’t have a private toilet! And remember, these aren’t just single wage households.

I think TV has really warped the perception people have of what the 50’s were like.

 

[dank69]

Great. You've identified a persistent problem in many housing markets of the US. So how can we fix this?

We all know building more housing is the answer and that zoning laws are not Biden's fault. We're just trying to understand how real wages are better yet people can't afford housing or food or healthcare or cars or education. Maybe someone can explain this effect without getting into a fucking pissing contest.

 

[Brainonska511]

I have already answered a start would be keeping Wall Street from buying homes up and stopping collusion among landlords (eg via RealPage).

Big landlord bad, small land lord good? Lol

 

[manly]

Look, hyperbole on both sides of this argument just makes it all worse for everyone.

Gotta give it up for @SteveGrabowski though. He lit a fire underneath this thread, and he didn't even have to watch SOTU to do it.

 

[dank69]

The person you’re talking about was considerably wealthier than the average American.

Again, 20% of people couldn’t even afford running water and 30% didn’t have a private toilet! And remember, these aren’t just single wage households.

I think TV has really warped the perception people have of what the 50’s were like.

Okay then how are real wages up when people can't afford the things I listed in my previous post? And how are real wages up from 2019 to 2022 when median income was down during that period?

 

[fskimospy]

We all know building more housing is the answer and that zoning laws are not Biden's fault. We're just trying to understand how real wages are better yet people can't afford housing or food or healthcare or cars or education. Maybe someone can explain this effect without getting into a fucking pissing contest.

The answer has already been given to you. First of all most people can afford all of those things and second, houses, cars, health care, etc. were all much worse then.

 

[fskimospy]

Okay then how are real wages up when people can't afford the things I listed in my previous post?

See above. ☝️

 

[SteveGrabowski]

Big landlord bad, small land lord good? Lol

About what I expect from the guy who interprets me posting about liking Costco hotdogs on summer days where it's 105+ and way too hot too to cook in my house as me being too lazy to cook eggs.

 

[brycejones]

I have already answered a start would be keeping Wall Street from buying homes up and stopping collusion among landlords (eg via RealPage).

How many properties should one entity be allowed to own?

The correct answer is to build more housing until prices stop going up.

 

[SteveGrabowski]

Gotta give it up for @SteveGrabowski though. He lit a fire underneath this thread, and he didn't even have to watch SOTU to do it.

I think I'd rather pull out my pubes one by one or watch the Spurs when Wemby is sitting out the game than listen to a SOTU tbh

 

[[DHT]Osiris]

We all know building more housing is the answer and that zoning laws are not Biden's fault. We're just trying to understand how real wages are better yet people can't afford housing or food or healthcare or cars or education. Maybe someone can explain this effect without getting into a fucking pissing contest.

Off the cuff actual guess: certain industries have experienced shortages, resulting in skyrocketing wages (relatively speaking) for large numbers of jobs, which is skewing the results of nation wide wage polling. In addition, whereas wages may be rising for new hires, they are not rising for current employees. Due to global and market instability, people are less likely to job hop right now, and employers are less likely to meet industry prices for their existing employees. End result: some people are getting big raises (mainly at the very top and very bottom), everyone else is paying more for everything while not making much more, or worse, slightly behind due to wage regression during the pandemic (this one's me).

 

[repoman0]

About what I expect from the guy who interprets me posting about liking Costco hotdogs on summer days where it's 105+ and way too hot too to cook in my house as me being too lazy to cook eggs.

That was me, and yes not cooking just because it’s hot and choosing to go eat heart attack dogs is just an excuse. Multiple solutions were provided that won’t add significant heat to your house.

 

[fskimospy]

How many properties should one entity be allowed to own?

The correct answer is to build more housing until prices stop going up.

Seriously - the answer to this question is so simple and it doesn’t require banning investors from buying houses, which they should be allowed to do.

The reason they buy them is excessive restriction of the housing supply. Want to screw these guys over? Build tons of housing.

 

[Brainonska511]

About what I expect from the guy who interprets me posting about liking Costco hotdogs on summer days where it's 105+ and way too hot too to cook in my house as me being too lazy to cook eggs.

Did you know there are two great invention that lets you cook with minimal indoor heat created? You could try a microwave or an outdoor grill.

 

[SteveGrabowski]

How many properties should one entity be allowed to own?

The correct answer is to build more housing until prices stop going up.

I mean the correct answer is one but muh capitalism

 

[fskimospy]

Off the cuff actual guess: certain industries have experienced shortages, resulting in skyrocketing wages (relatively speaking) for large numbers of jobs, which is skewing the results of nation wide wage polling. In addition, whereas wages may be rising for new hires, they are not rising for current employees. Due to global and market instability, people are less likely to job hop right now, and employers are less likely to meet industry prices for their existing employees. End result: some people are getting big raises (mainly at the very top and very bottom), everyone else is paying more for everything while not making much more, or worse, slightly behind due to wage regression during the pandemic (this one's me).

If it were just at the very top and bottom this would not shift the median wage much so that doesn’t seem like a good explanation.

 

[SteveGrabowski]

That was me, and yes not cooking just because it’s hot and choosing to go eat heart attack dogs is just an excuse. Multiple solutions were provided that won’t add heat to your house.

Dude agreed with your stupid post

 

[repoman0]

Dude agreed with your stupid post

I mean it’s just a fact that you are making excuses. Enjoy the heart attack dogs.

 

[Brainonska511]

About what I expect from the guy who interprets me posting about liking Costco hotdogs on summer days where it's 105+ and way too hot too to cook in my house as me being too lazy to cook eggs.

I don't see how your solutions fix anything. What's to stop John Landlord from opening Apartments.com, looking at rents in his area and setting a price that way vs some advice Realpage might provide? Realpage also only works for larger landlords, that can afford to keep something empty for 5% of the time instead of 2% of the time (ie, like a week or two extra per year).

How does making lots of little landlords instead of having some big landlords help with housing affordability when vacancy rates are 1% or less? We can stick it to big landlords at anytime by just building more housing, but for some reason, all our municipal governments want to do is stick their fingers in their ears and blame something else.

 

[dank69]

If it were just at the very top and bottom this would not shift the median wage much so that doesn’t seem like a good explanation.

I think it's a result of the top 0.001% again doing way better than everyone else.

 

[[DHT]Osiris]

If it were just at the very top and bottom this would not shift the median wage much so that doesn’t seem like a good explanation.

Sure it would, if you're pushing up the wages of the bottom 10% bracket by 20%, that's not a massive amount of money but it's going to push the median a lot.

That's why we've got that whole 'ancient peoples died in their 40s' falsehood, cuz the bottom 10-30% or whatever died before the age of two.

In fact, how much of the 'wage increases' during the last three years was just the pandy checks? That was a lot of money for me, it'd have been a second income at my first job.