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> Try telling the average family that their lifestyle is unsustainable and unfairly subsidized by others. Well the fact remains that it does not happen. When

by AckSyn 9y ago

> Try telling the average family that their lifestyle is unsustainable and unfairly subsidized by others. Well the fact remains that it does not happen. When I purchased my home in 2003 I received no tax credits, support from the government, bonuses, or a pat on the back. I put 20% down after saving up everything I could for a solid 5 years after landing a great job after college, which again wasn't subsidized or had grants for. No one else does this but me and the ridiculous sense of entitlement or attitude of it being "unfair" that someone else can't afford it really stems from a deeper issue.

einarvollset 9y ago
Prediction: you vote GOP, yet do not consider the support you get from the government in terms a mortgage interest deduction, FHA loan eligibility of people who could buy your house propping your house value up, nor in fact how Fannie Mae and Freddie Mac (govt supported) actions makes it possible for you to rely on a fixed 30 year rate for your mortgage. Oh no, you did it all by yourself.
- jessaustin 9y ago
  (Don't tell him GOP is getting ready to cap mortgage deductions at $500k. He's probably not going to be crazy about the SALT deductions going away either. Out here in flyover country it all sounds great!)
  - infinite8s 9y ago
    Only for new mortgages.
- AckSyn 9y ago
  Prediction false. And politics have nothing to do with my employment nor my ability to not waste money on garbage so many of my whiny peers do (who then complain about not being able to afford anything).
- spaginal 9y ago
  If he bought a home through hard work, I’m fairly certain he’s aware that he’s paying taxes through the nose to support these programs as well. I know I am. Get off your high horse about the government charitability towards homes, the government didn’t provide these programs out of its own back pocket, our tax dollars provide these programs.
  - einarvollset 9y ago
    Dude. Home ownership is one of the most tax advantaged investments in the US. Rather than telling me to get of my “high horse”, why don’t you get of your Austrian economics horse and point to a more tax advantaged investment and we can chat? Can’t? No, because it does not exist unless you’re into carried interest territory.
linkregister 9y ago
> No one else does this but me Are you being sarcastic? If you're not a Bay Area (or other unaffordable area) resident, then your viewpoint is rational. The price-to-income ratio of your new neighbor should be about the same as your price-to-income ratio when you moved in. If you're a resident of metro San Francisco, San Jose, Denver, Dallas, Austin, Washington DC, or Boston, then you are expecting different behavior from your new neighbors. They will need to save for 10 or more years for that down payment of 20% due to competition from each other. The income required to live in these metro areas is much higher. The lower-middle class is pushed out. Upper-middle class folks who want to live below their means don't have the option to. Fairness is the wrong metric; life in all societies is fundamentally unfair. It is just nonsensical for you to expect other people who are chasing opportunity (those metros are where the best jobs are) to give up, when you chased that same opportunity when you moved where you currently live. Because our economy is changing, this means it's harder, but don't knock people for trying.

by AckSyn 9y ago

einarvollset 9y ago

Prediction: you vote GOP, yet do not consider the support you get from the government in terms a mortgage interest deduction, FHA loan eligibility of people who could buy your house propping your house value up, nor in fact how Fannie Mae and Freddie Mac (govt supported) actions makes it possible for you to rely on a fixed 30 year rate for your mortgage. Oh no, you did it all by yourself.

jessaustin 9y ago
(Don't tell him GOP is getting ready to cap mortgage deductions at $500k. He's probably not going to be crazy about the SALT deductions going away either. Out here in flyover country it all sounds great!)
- infinite8s 9y ago
  Only for new mortgages.
AckSyn 9y ago
Prediction false. And politics have nothing to do with my employment nor my ability to not waste money on garbage so many of my whiny peers do (who then complain about not being able to afford anything).
spaginal 9y ago
If he bought a home through hard work, I’m fairly certain he’s aware that he’s paying taxes through the nose to support these programs as well. I know I am. Get off your high horse about the government charitability towards homes, the government didn’t provide these programs out of its own back pocket, our tax dollars provide these programs.
- einarvollset 9y ago
  Dude. Home ownership is one of the most tax advantaged investments in the US. Rather than telling me to get of my “high horse”, why don’t you get of your Austrian economics horse and point to a more tax advantaged investment and we can chat? Can’t? No, because it does not exist unless you’re into carried interest territory.

linkregister 9y ago

> No one else does this but me Are you being sarcastic? If you're not a Bay Area (or other unaffordable area) resident, then your viewpoint is rational. The price-to-income ratio of your new neighbor should be about the same as your price-to-income ratio when you moved in. If you're a resident of metro San Francisco, San Jose, Denver, Dallas, Austin, Washington DC, or Boston, then you are expecting different behavior from your new neighbors. They will need to save for 10 or more years for that down payment of 20% due to competition from each other. The income required to live in these metro areas is much higher. The lower-middle class is pushed out. Upper-middle class folks who want to live below their means don't have the option to. Fairness is the wrong metric; life in all societies is fundamentally unfair. It is just nonsensical for you to expect other people who are chasing opportunity (those metros are where the best jobs are) to give up, when you chased that same opportunity when you moved where you currently live. Because our economy is changing, this means it's harder, but don't knock people for trying.