this post was submitted on 13 Sep 2023
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Except I don’t have to go to a concert. If I don’t have shelter I’m pretty fucked.
Yup! Both are leeches on society, but one is sucking from the jugular and the other is sucking from an extremity. That being said they are both sucking the same blood.
I really have no empathy for the scalper problem.
Don't go to the concert.
If anything the artists could charge more, seeing as some people will already pay scalper price. They're doing they're audience a favor by charging so much less than they're willing to pay.
The argument isn't meant to make scalpers seem worse, it's to demonstrate how illogical it is to treat houses the same way as tickets
Scalpers aren't even bad.
Just having some self-control and refusing to buy at what you see as an unreasonable price would make their entire business model invalid.
If someone is willing to pay $3,000 for a Taylor Swift ticket, or $1,000 or more for an early PS5, that's what they're worth.
Then why don't you buy your own fucking house if it's so easy.
Umm cause I lack generational wealth? I'm in my 30's and almost every person I know that owns a home has done so with the help of their daddy or mommy's money. 🥱
See, this is what gives scalpers the moral edge over landlords to me. Scalpers are largely working class people using money they earned to do something arguably unethical. Is it kinda lame? Are they losers? Yeah, and again it's arguably unethical. But are they complicit enforcers of generational wealth and power divides? Are they, as a group, one of the primary forces siphoning wealth and power from the poor and working class to those who already have wealth and power? Nah. They're just uncreative opportunists. Scalpers create a gulf of immorality between you and recreation to their own benefit, not between you and necessity to the detriment of society at large. So yeah, scalpers>landlords in my estimation.
...who said it was easy?
It is easy, if you can get a mortgage.
I currently pay less than $2k a month on my mortgage. A 1 bedroom apartment near me is about $1.8-2.5k and a 2 bedroom is $2.5-3.5k a month. People aren't lazy and not buying houses because it's so fun to live in an apartment, they are doing it because they can't get a loan.
The only difficult thing about buying a house is the hours of paperwork and surprise costs that make no sense.
Because scalping drives prices up? Pretty straight forward
And if you own a house that is being flooded, just sell the flooded house and move you fucking idiot.
"Sell their houses to who, Ben?? Fucking Aquaman?!"
There it is. What a dumb argument the post has. It's like people who get mad at people complaining about skyrocketing food prices. We all have to eat! Greedy corporations are just exploiting that...
Then buy a home in a lower cost of living area. There’s government grants to assist with down payments and closing costs.
My first house, that I bought about 5 years ago before you start calling me a boomer, was a HUD foreclosure. I was only required to do 100 dollars as a downpayment.
Buying in a lower cost of living area is easier when you don't have to consider things like school districts for children, availability of public transportation to get to work, or even safe walkable areas to get groceries.
Yes, it turns out that high demand for real estate in certain areas leads to higher prices because of a finite supply.
You might have to look at different areas and consider the differences. I’d love to live in a penthouse downtown, but I’ll settle for my 1600 sq foot home in the suburbs.
"You might have to look at different areas and consider the differences."
Always, but there are certain factors that aren't so pliable. Getting a loan based on your income at a stable job means that you need to live within a reasonable area to continue to access that job. Six years ago when I was looking for a house I could have moved to a lower cost of living area, but that would have meant a 90 minute commute or changing jobs (at which time would have been an irresponsibly risky move.) Another factor was the question of changing school districts, and custody arrangements with the kids father. I wasn't, but I know some who are restricted by custody agreements where they are required to live in certain districts or within X number of miles of the other parent. People in those situations don't get to shop around and find other areas to live.
People who buy a house today are quite literally paying double for the same house that they would have 5 years ago due to the federal reserve increasing the interests rates to 'fight inflation' same selling price for thr house accounted for they are paying double the mortgage because of the increased rates.
Mortgage rates have returned to an average range. Still lower than they were in the 90s.
Your payment isn’t doubled because of rates, it’s because of high demand areas.
Thats untrue, it isnt because of the demand (News flash there is always demand for housing) it is because of the increase in the intrest rate of the loan. Monetary policy trying to reign in inflation that isn't actually inflation, but corporations taking profits at exorbitant levels while the average citizens can barely make ends meet.
Man, I’m a loan officer at a bank. I know a lot more about this than what you do. Interest rate increases are squeezing all levels to decrease spending across the board. Banks are beginning to cut back lending to businesses.
And demand for housing ebbs and flows. Things skyrocketed during Covid because of a lack of supply. There’s actually been decreases in pricing at this point.
You must be a few crayons short of a full box, you just admitted prices are decreasing, yet folks who buy a house today will effectively pay almost double on their monthly mortgage rate because of the increasing interest rates, which have nothing to do with housing demand and everything to do with fighting inflation, which was caused by keeping the rates at effectively zero to prop up Obama's bull economy that 45 ran into the ground.
A few thousand dollars of decrease doesn’t offset the doubling of prices that happened during Covid. You should consider asking for specifics instead of trying to do a witty insult.
Rates weren’t effectively zero prior to Covid. They were too low, yes, and should have been higher, but the bottom fell out during Covid.
Lol, does that look like the norm in the graph you posted?