By What Age Should Someone Own/Have Bought a House?
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My interests are concerned with the practice of INFORMING more than so-called "winning".
Tell me why YOUR KIDS are $$$paying$$$ for the effort made to kill 250,000 pitiful hapless Ukrainians and cover up (as well as facilitate) the crimes, money laundering, bio-labs, armaments black market, and human trafficking going on there?
Well......they shouldn't have to. They are just little kids for pity's sake. And they cannot resist nor beg that the exploitation should stop?
Tell me why YOUR KIDS are $$$paying$$$ for the effort made to kill 250,000 pitiful hapless Ukrainians and cover up (as well as facilitate) the crimes, money laundering, bio-labs, armaments black market, and human trafficking going on there?
Well......they shouldn't have to. They are just little kids for pity's sake. And they cannot resist nor beg that the exploitation should stop?
Maybe you can help me understand on this... these two seem to be contradicting...
The first is Jefferson doesn't want private banks to control the issue of their currency. The second he's saying he doesn't want a national "Bank of the United States"; unless I'm misunderstanding them.
If not private bank, and not a national bank, what does he want? Does he want precious metal coins with no insignia as the only form of currency? And does he want no banks whatsoever, so no lending whatsoever?
Thanks in advance
The first is Jefferson doesn't want private banks to control the issue of their currency. The second he's saying he doesn't want a national "Bank of the United States"; unless I'm misunderstanding them.
If not private bank, and not a national bank, what does he want? Does he want precious metal coins with no insignia as the only form of currency? And does he want no banks whatsoever, so no lending whatsoever?
Thanks in advance
Yes, in an ideal world a young couple should be able to afford a home. I think a lot has changed in the last 10-15 or so years, in terms of how expensive homes have become. I had many high school friends/acquaintances who got married almost straight after college (early 20s) and bought standalone homes (like the smaller King of the Hill type homes). Even on the show King of the Hill, none of the characters are highly educated or highly paid. I don't think any of them went to college.
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It depends on where you want to live and if there are any housing new developments in your area. I think if you want to own your own home in my town you mostly cant as there arent any available that are affrordable, but somewhere else in the country you could but the catch is you would need a steady income to finance that home. So the jobs might be close to where you want to live.
I think its a bit crazy to have a job in which you need to take a 40 minute or more commute EVERYDAY. Maybe some people could do it but I couldnt, in order to say they own their own home. Well you dont really you just earn the right to be able to sleep somewhere away from work.
I think its a bit crazy to have a job in which you need to take a 40 minute or more commute EVERYDAY. Maybe some people could do it but I couldnt, in order to say they own their own home. Well you dont really you just earn the right to be able to sleep somewhere away from work.
If you do buy into cheap housing its going to have a lot of problems later though ..eg leaky buildings, repairs, unsteady foundations, mould and mildew, cost of painting the house and roofing. Some are quickly built and not even last five years as they seem to be made out of cardboard!
If you want to buy a dump and then do it up it may become a money pit for you just like buying a boat. Then you become a slave to the house....thats what a lot of people say its like. Its ok if you LOVE living there but be aware of what you are taking on.
some people are more like snails and have houses on their backs.
If you want to buy a dump and then do it up it may become a money pit for you just like buying a boat. Then you become a slave to the house....thats what a lot of people say its like. Its ok if you LOVE living there but be aware of what you are taking on.
some people are more like snails and have houses on their backs.
Ah, the dénouement. 
I didn't know you were actually considering it. I thought it was just one of your interesting topics.
Real quick, just want to respond to "Sure, I realize that landlords can make places completely unaffordable by raising rent, but with so many people having to rent now, I would hope that this would at least keep the rates somewhat competitive." You can probably guess this one... you want to apply the uncontested Economics' axion of 'Supply and Demand' to that: More renters means higher/growing rental prices.
US population from 2000 (228M) to 2022 (338M)... that's an extra 110 million in 12 years (+48%). Perhaps a fair number have lost their homes, and the trend is less people buying homes... but more important figure is new homes built. If there's less new homes being built (there is), and the population has increased (and it has), then all three: rental prices, home prices and new home prices will rise.
In 2000 1,242k new Single Family homes were built. In 2020 912k were built (and good increases 21 & 22), the rate has stood still. All the while the population increased by 48%. And some houses have been demolished due to age & events.
New Single Family Homes Built per 100k population:
2000: 440.2
2020: 275 (and increasing 21/22)
Population growth has far outpaced new home growth. That, plus less people buying homes means increasing rental prices. On a positive note, population growth % is half today than it was in 2007, and new homes rate is increasing. The increase in illegal immigration (millions) is hard to track, and what will become of them is hard to know. But generally speaking, rent and home prices have gotten much worse over 20 years, but the trajectory today is very slowly improving.
Obviously, wage rate minus inflation matters. And as you know wage increases over decades has not kept up with inflation, despite productivity increases (IE wealth concentration with the 3%).
But enough about that subject! One thing you should consider is your encroaching retirement. If you live alone and aren't likely to move a bunch of times, you're much better off using your 'residential money' going into paying for your house, than disappearing into the rental void. Once you payoff your home, that residential cost compared to renting is dramatic! Property taxes compared to monthly rental payments is a lot! Probably somewhere between 1/12th to 1/10th less. You can always sell, or even rent out, your house if required. In general house values rise significantly (except for a very small number of specific locations/situations). But ultimately, either way, you'll be fine! Follow God's leading... if God has any leading on that specific subject.
I didn't know you were actually considering it. I thought it was just one of your interesting topics.
Real quick, just want to respond to "Sure, I realize that landlords can make places completely unaffordable by raising rent, but with so many people having to rent now, I would hope that this would at least keep the rates somewhat competitive." You can probably guess this one... you want to apply the uncontested Economics' axion of 'Supply and Demand' to that: More renters means higher/growing rental prices.
US population from 2000 (228M) to 2022 (338M)... that's an extra 110 million in 12 years (+48%). Perhaps a fair number have lost their homes, and the trend is less people buying homes... but more important figure is new homes built. If there's less new homes being built (there is), and the population has increased (and it has), then all three: rental prices, home prices and new home prices will rise.
In 2000 1,242k new Single Family homes were built. In 2020 912k were built (and good increases 21 & 22), the rate has stood still. All the while the population increased by 48%. And some houses have been demolished due to age & events.
New Single Family Homes Built per 100k population:
2000: 440.2
2020: 275 (and increasing 21/22)
Population growth has far outpaced new home growth. That, plus less people buying homes means increasing rental prices. On a positive note, population growth % is half today than it was in 2007, and new homes rate is increasing. The increase in illegal immigration (millions) is hard to track, and what will become of them is hard to know. But generally speaking, rent and home prices have gotten much worse over 20 years, but the trajectory today is very slowly improving.
Obviously, wage rate minus inflation matters. And as you know wage increases over decades has not kept up with inflation, despite productivity increases (IE wealth concentration with the 3%).
But enough about that subject! One thing you should consider is your encroaching retirement. If you live alone and aren't likely to move a bunch of times, you're much better off using your 'residential money' going into paying for your house, than disappearing into the rental void. Once you payoff your home, that residential cost compared to renting is dramatic! Property taxes compared to monthly rental payments is a lot! Probably somewhere between 1/12th to 1/10th less. You can always sell, or even rent out, your house if required. In general house values rise significantly (except for a very small number of specific locations/situations). But ultimately, either way, you'll be fine! Follow God's leading... if God has any leading on that specific subject.
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30 to start owning, 65 to have paid it off.
If a home has been given to you or you have a trust fund or something thats a bonus and good stewardship on part of your family. As for men being head of a HOUSEhold,its a given that some kind of house will be on offer to house their wife and family, but if you happy to be living as a nomad or missionary evangelist and staying in other peoples homes it need not be a big concern.
A lot of church pastors live in manses that come with the church building,its not as if they own their own home. since usually this home is open for anyone and available for church members to stay in. Good housekeeping and home economic skills are needed though in any type of dwelling.
If a home has been given to you or you have a trust fund or something thats a bonus and good stewardship on part of your family. As for men being head of a HOUSEhold,its a given that some kind of house will be on offer to house their wife and family, but if you happy to be living as a nomad or missionary evangelist and staying in other peoples homes it need not be a big concern.
A lot of church pastors live in manses that come with the church building,its not as if they own their own home. since usually this home is open for anyone and available for church members to stay in. Good housekeeping and home economic skills are needed though in any type of dwelling.
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