Announcement

Join us on Discord: https://discord.gg/nf43FxS
Discuss.
Dilbert_X
The X stands for
+1,592|3640|eXtreme to the maX

SuperJail Warden wrote:

Evangelicals continue to be obnoxious and stupid.
That seems to be how they've evolved.
Your virus system is infected with windows. Please to be giving me your credit card details urgently
SuperJail Warden
Member
+166|1253
Seriously though the biggest predictor of voting for the 2016 election was education, not race or income.
https://i.imgur.com/S4vak4B.png

In the next few years we can lay most of the blame for Trump on old white uneducated evangelicals and it would be totally fair.
Dilbert_X
The X stands for
+1,592|3640|eXtreme to the maX
Cutting back on education has really worked for the Republicans.
Your virus system is infected with windows. Please to be giving me your credit card details urgently
SuperJail Warden
Member
+166|1253
Just 36% of Americans under the age of 35 own a home, according to the Census Bureau. That's down from 42% in 2007 and the lowest level since 1982, when the agency began tracking homeownership by age.

It's not all their fault. Millennials want to buy homes -- 90% prefer owning over renting, according to a recent survey from Fannie Mae.
But student loan debt, tight lending standards and stiff competition have made it next to impossible for many of these younger Americans to make the leap.

"When we surveyed Millennials they cited several barriers to homeownership, especially access to financing," said Steve Deggendorf, a senior director for Fannie Mae.

Many Millennials simply can't come up with the hefty 20% down payments. Others don't have good enough credit to qualify for loans.


Even without the $50,000 in student loan debt they owe, affording a home in their town is difficult, he said. Single-family homes there cost $300,000 and up.

Russell Cragun, an online marketing manager, and his wife, Chalay, are both 25. They are looking at homes in the Orem, Utah, area, where the median home price is more than $230,000.
http://money.cnn.com/2014/06/01/real_es … ?iid=s_mpm

I am surpirsed so many want to own a home instead of rent. Home ownership and a mortgage seem like anchors instead of assets.

People treating their homes like investments might be a part of the problem. Older people expect the price of their home to continue to increase and eventually retire off of the high selling price. So the price continues to inflate while income stays the same.

Board footer

Privacy Policy - © 2017 Jeff Minard