Here's an idea. Allow those who build by definition starter homes, pay no taxes on the profit from the sale. I make roughly $20k for a home that sells under $200k in my area. But I can make $55k for a house that sells for $400k in roughly the same time. To pay no text would give some additional incentive to build starter homes
Lazy use of averages in this one, particularly around credit. People using credit (especially credit cards, and making minimum payments) are not the recipients of all those extra dollars flowing through the economy. And many of those surplus dollars will now be reabsorbed by debt markets (e.g., student debt repayment). The humility is good though, because they acknowledge that a lot of the numbers are still very funky and difficult to interpret.
I think they're building too many homes in my city. As I drive around I find myself wondering who is going to live in all the homes these builders are building? Car insurance makes no sense. I have a SUV that's 24 years old that I barely drive; nevertheless, I keep it insured. I recently paid the insurance in October 2024, and the insurance company increased the insurance payment on the 24 years old car. The insurance company has been increasing the insurance on this 24 year old car every year. It does not make sense.
For any generation, if you buy a house before age 24 you had help. I don’t think this stat matters much outside of the context of boomers didn’t have it easier. I bought my first condo cash at age 25 and I was able to save because I lived with family. Now at 31 I own 4 houses. This isn’t because I’m amazing but rather I had a support system, not even a good one just some other adults who paid their share of the bills and let me borrow a car if mine was in the shop
@bp no. Please learn proper data interpretation. Gen Z may not be outpacing past generations for homeownership rates at all. The only thing you have done is extrapolate a specific statistic about home ownership rate at 24 years old for different generations.
Same in New York. A lot of up-zoning is everywhere. However, they are extremely expensive. They come with gyms and parking.
Appreciate the knowledge share!
I love this! Keep it up guys!
Here's an idea. Allow those who build by definition starter homes, pay no taxes on the profit from the sale. I make roughly $20k for a home that sells under $200k in my area. But I can make $55k for a house that sells for $400k in roughly the same time. To pay no text would give some additional incentive to build starter homes
Rates went up 0.27% in the day since this was posted.
Auto insurance went up because the cost of repairs went up. Not necessarily that more accidents are happening.
Correct. We actually down on car accidents per year when compared to pre covid rate with 2020 being an obvious low outlier
Lazy use of averages in this one, particularly around credit. People using credit (especially credit cards, and making minimum payments) are not the recipients of all those extra dollars flowing through the economy.
And many of those surplus dollars will now be reabsorbed by debt markets (e.g., student debt repayment). The humility is good though, because they acknowledge that a lot of the numbers are still very funky and difficult to interpret.
I think they're building too many homes in my city. As I drive around I find myself wondering who is going to live in all the homes these builders are building?
Car insurance makes no sense. I have a SUV that's 24 years old that I barely drive; nevertheless, I keep it insured. I recently paid the insurance in October 2024, and the insurance company increased the insurance payment on the 24 years old car. The insurance company has been increasing the insurance on this 24 year old car every year. It does not make sense.
For any generation, if you buy a house before age 24 you had help. I don’t think this stat matters much outside of the context of boomers didn’t have it easier.
I bought my first condo cash at age 25 and I was able to save because I lived with family. Now at 31 I own 4 houses. This isn’t because I’m amazing but rather I had a support system, not even a good one just some other adults who paid their share of the bills and let me borrow a car if mine was in the shop
Well put
Lubbock TX seems to have plenty of affordable housing. Move there!
As Ken MavElroy says, there is a house shortage and large minority of people own their houses outright or have
@bp no. Please learn proper data interpretation. Gen Z may not be outpacing past generations for homeownership rates at all. The only thing you have done is extrapolate a specific statistic about home ownership rate at 24 years old for different generations.