Affordability discussion (split from Iran thread)

[Orangeburst]

Slumlording is obviously the answer

 

[85SugarVol]

You said it, not me.

Just to name a few:
- Reducing regulatory barriers
- down payment assistance programs
- Standard financial education as part of public education
- Land Trusts
- Building below-market housing (maybe manufactured housing as a good alt)
- Remove private equity from the family home market

We have to find an effective way to increase supply of affordable homes. The market will adjust eventually and increase supply, but using creative ways to ease the current acute affordability crisis will go a long way in providing more opportunity.

So yea, a healthy dose of government intervention.

-Tell young people they’re in a “crisis”.
-Tell them you’ve got the gov’t programs to fix it.
-Tell them to vote for their future.

 

[85SugarVol]

Slumlording is obviously the answer

Tooooo much hassle… could tell you some stories about owning duplexes in Binghampton…

 

[OHvol40]

So yea, a healthy dose of government intervention.

-Tell young people they’re in a “crisis”.
-Tell them you’ve got the gov’t programs to fix it.
-Tell them to vote for their future.

You don’t have to tell them anything, they’re living it. I get that some people are cynical about government in most any context, but instead of trying to make it work for the people it’s meant to work for, we have a large portion of the population that throws up their hands and says “it’s useless in any context.” I guess if you favor a defeatist, that’s the path of least resistance.

Also, it’s much easier to criticize someone else’s solution than it is to come up with your own… hence why you backed off guessing what mine might be. I get that.

 

[85SugarVol]

You don’t have to tell them anything, they’re living it. I get that some people are cynical about government in most any context, but instead of trying to make it work for the people it’s meant to work for, we have a large portion of the population that throws up their hands and says “it’s useless in any context.” I guess if you favor a defeatist, that’s the path of least resistance.

Also, it’s much easier to criticize someone else’s solution than it is to come up with your own… hence why you backed off guessing what mine might be. I get that.

Lol what? My acknowledgment is in the first sentence - “so yea, government intervention”

What else would your solution have been?

 

[marcusluvsvols]

McDaddy Warbucks

Technically he actually is the "Mack Daddy". Which never once helped him get laid. With anyone other than McRib anyway.

 

[marcusluvsvols]

Slumlording is obviously the answer

Facts.

 

[McDad]

Technically he actually is the "Mack Daddy". Which never once helped him get laid. With anyone other than McRib anyway.

It ain't a sure thing with her either, brother.

 

[hog88]

It ain't a sure thing with her either, brother.

It’s not?

 

[McDad]

It’s not?

She's still attracted to you. It's different.

 

[marcusluvsvols]

It ain't a sure thing with her either, brother.

I too am married.

Nothing but love here brother. Hope yall have a great time on the boat. Cruises on the good lines are fun.

 

[DinkinFlicka]

1st...your comment is spot on. 100%.
2nd...lmao
3rd....on the bright side, Dave is no joke when it comes to sound financial advice. No credit card debt you cant pay off each month, no $1000 car payments for 6years or 7. What I have heard from him on the radio was good advice.

These aren't revolutionary concepts. It's common sense.

We need to teach high schoolers about HYSAs, dividends, and credit building fundamentals. Ramsey just teaches basic cash affordability management and emergency fund preservation in the free videos we were shown.