patrick.net

Al_Sharpton_for_President says

My parents were lower middle class. While I never went without food, or a roof over my head, when I struck out on my own, I had very little.

Same here. Was one of four and my dad never earned all that much. Constantly told us we'd have to pay for our own college.

I switched majors a dozen times, graduated with a useless German degree, worked in a bookstore, then went back and got a computer engineering (chip design) degree. Never did design any chips, but got decent software jobs and put everything into the stock market rather than a house, because I can do math.

Was able to retire 10 years early. Not really rich, but at least I'm done if I want to be.

Lower rates won't save housing.

When the 1979 Al Bundy Special goes from $400k to $300k, without the rate changing at all. $2200 is a lot more affordable than $2800

What creates affordability? When the 1979 Al Bundy Special goes from $400k to $300k, without the rate changing at all. $2200 is a lot more affordable than $2800

DemoralizerOfPanicans says

When the 1979 Al Bundy Special goes from $400k to $300k, without the rate changing at all. $2200 is a lot more affordable than $2800

Mandatory 10% or even 20% down payments will do that for sure. No more PMI bullshit, too.

Or just make more money? Novel concept that is not difficult to achieve, b

"Let them eat cake" or "Let them drive Teslas"

AGAIN: There's the bullshit imaginary world in your head vs reality.

Not seeing any crash, just price reductions, stagnation of house prices and a sluggish market. Interest rates cuts have been signaled so mortgage rates will likely come down by 50bp at least, halting the decline.

What does a Tesla have anything to do with this? I won't buy one.

Interest rates cuts have been signaled so mortgage rates will likely come down by 50bp at least, halting the decline.

What will a point rate cut do? If $2800 is unaffordable, $2600 is hardly much better.

Home sales are falling through at the highest rate in years, as record prices, elevated mortgage rates and economic uncertainty lead more buyers to walk away.

More than 15 percent of home purchases fell through last month, the highest July rate in records dating back to 2017, according to a new Redfin analysis.

Lowering the rate will not lower the monthly payment. The price will rise to offset the lower rate keeping the monthly payment the same.

On average, renting a home is cheaper than paying a mortgage in all 50 of the largest U.S. metros in 2025 — with the cost difference between the two growing in 38 metros since last year.

Nationally, an average mortgage payment costs 38 percent more per month compared to average rent.

The metros with the smallest price gaps between renting and buying are mostly concentrated in the Rust Belt, including Detroit, Philadelphia and Cleveland.

The biggest cost gaps between renting and buying are centered in the tech hubs of San Francisco, San Jose and Seattle.

renting a home is cheaper than paying a mortgage

While there is no direct connection, mortgage rates usually eventually move with the Fed rate.

Fed signaled rate reduction, expect prices to go up.

Debt slavery is what America is ran on. Fucking government still backs 30 year mortgages.

Starting to question that pat netters make little money. Tone of jealously lately in the comments.

Starting to question that pat netters make little money. Tone of jealously lately in the comments

Made up in your head. "Calling Wookie out on his bullshit" = jealousy

builds look like, old.

MolotovCocktail says
Made up in your head. "Calling Wookie out on his bullshit" = jealousy

Give actual data and not bullshit X posts.

have always been jealous of me, my family, my relatives

I don't make anything up here.

What you posted above is of zero value or information

MolotovCocktail says

Why didn’t you post the addy?

GNL

That's because you're ignoring the users who commented during that time. You can see them and unignore at:

https://patrick.net/edit_profile

Glock-n-Load says

MolotovCocktail says

Why didn’t you post the addy?

Not mine to post. That's someone else's post I was reposting. Main purpose: to definitely troll one of our Housing Experts of PatNet into posting something(s) stupid in response. Worked like a charm.

So it didn’t happen

You don’t post data

You’re jealous of what others have that you don’t.

You then turn a discussion into an argument debate and semantics

Post a link or what you say is BS.

In this case you can look up the original post on your own, but don't want to.

Patrick, I'm missing about 6 day's worth of comments on this thread.

WookieMan says

You don’t post data

I do all the time. You just don't accept it. In this case you can look up the original post on your own, but don't want to.