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Reality
Participant[quote=Portlock]The way this is written, the realtor is a used car salesperson, willing to say anything to get the sale – but how can she be blamed? She is trying to get as much money as possible out of the sale as instructed by her client – heck, she also gets a take of the final figure – so the more $$$ the better. The moment she agrees the market has not doubled in 5 years is the moment she justifies a price reduction, so no way is she going to admit that – I would be surprised if she did.
[/quote]Isn’t a price reduction better than no sale? Seems a sale at the listed price is impossible from the facts given.
Participant[quote=Portlock]The way this is written, the realtor is a used car salesperson, willing to say anything to get the sale – but how can she be blamed? She is trying to get as much money as possible out of the sale as instructed by her client – heck, she also gets a take of the final figure – so the more $$$ the better. The moment she agrees the market has not doubled in 5 years is the moment she justifies a price reduction, so no way is she going to admit that – I would be surprised if she did.
[/quote]Isn’t a price reduction better than no sale? Seems a sale at the listed price is impossible from the facts given.
Participant[quote=JordanT]
I really get tired of the baby boomers criticizing any generation. You are likely the most selfish generation in America, and yet we’re the problem? This despite my generation doing more charity work than yours at the same age. Not to mention less drugs and partying as well. I’m going to be inheriting the debt, SS and medicare bills that your generation caused.
[/quote]My post was a knock on the baby boomer parents of the Millennials. Nothing against the kids at all. The helicopter parenting, coddling, and reluctance to letting their kids grow up and take responsibility are what I was referring to. But YMMV.
Am I a baby boomer? Technically I may just squeeze in there but I’ve never related to those who grew up mainly in the 1960’s. I grew up in the 1960’s and 1970’s.
Participant[quote=JordanT]
I really get tired of the baby boomers criticizing any generation. You are likely the most selfish generation in America, and yet we’re the problem? This despite my generation doing more charity work than yours at the same age. Not to mention less drugs and partying as well. I’m going to be inheriting the debt, SS and medicare bills that your generation caused.
[/quote]My post was a knock on the baby boomer parents of the Millennials. Nothing against the kids at all. The helicopter parenting, coddling, and reluctance to letting their kids grow up and take responsibility are what I was referring to. But YMMV.
Am I a baby boomer? Technically I may just squeeze in there but I’ve never related to those who grew up mainly in the 1960’s. I grew up in the 1960’s and 1970’s.
Participant[quote=JordanT]
I really get tired of the baby boomers criticizing any generation. You are likely the most selfish generation in America, and yet we’re the problem? This despite my generation doing more charity work than yours at the same age. Not to mention less drugs and partying as well. I’m going to be inheriting the debt, SS and medicare bills that your generation caused.
[/quote]My post was a knock on the baby boomer parents of the Millennials. Nothing against the kids at all. The helicopter parenting, coddling, and reluctance to letting their kids grow up and take responsibility are what I was referring to. But YMMV.
Am I a baby boomer? Technically I may just squeeze in there but I’ve never related to those who grew up mainly in the 1960’s. I grew up in the 1960’s and 1970’s.
Participant[quote=JordanT]
I really get tired of the baby boomers criticizing any generation. You are likely the most selfish generation in America, and yet we’re the problem? This despite my generation doing more charity work than yours at the same age. Not to mention less drugs and partying as well. I’m going to be inheriting the debt, SS and medicare bills that your generation caused.
[/quote]My post was a knock on the baby boomer parents of the Millennials. Nothing against the kids at all. The helicopter parenting, coddling, and reluctance to letting their kids grow up and take responsibility are what I was referring to. But YMMV.
Am I a baby boomer? Technically I may just squeeze in there but I’ve never related to those who grew up mainly in the 1960’s. I grew up in the 1960’s and 1970’s.
Participant[quote=JordanT]
I really get tired of the baby boomers criticizing any generation. You are likely the most selfish generation in America, and yet we’re the problem? This despite my generation doing more charity work than yours at the same age. Not to mention less drugs and partying as well. I’m going to be inheriting the debt, SS and medicare bills that your generation caused.
[/quote]My post was a knock on the baby boomer parents of the Millennials. Nothing against the kids at all. The helicopter parenting, coddling, and reluctance to letting their kids grow up and take responsibility are what I was referring to. But YMMV.
Am I a baby boomer? Technically I may just squeeze in there but I’ve never related to those who grew up mainly in the 1960’s. I grew up in the 1960’s and 1970’s.
Participant[quote=cooprider14]I don’t think the majority of 20 somethings, even early 30-somethings have immediate plans to buy.
This demographic grew up with MTV, and will spend money on cars, clothes, and cell phones before saving for a down payment. Certainly not all, and probably none of us on these forums but I only know a small handful of people saving for a house.
[/quote]Many of the 20 somethings are also still living at home, in some cases despite earning a decent paycheck. They will save money by accident unless they are totally frivilous.
As an aside, these “Millennials” by and large have to be the most coddled generation in history. The stuff I’ve read about and seen in person makes me wonder if they will ever grow up.
Participant[quote=cooprider14]I don’t think the majority of 20 somethings, even early 30-somethings have immediate plans to buy.
This demographic grew up with MTV, and will spend money on cars, clothes, and cell phones before saving for a down payment. Certainly not all, and probably none of us on these forums but I only know a small handful of people saving for a house.
[/quote]Many of the 20 somethings are also still living at home, in some cases despite earning a decent paycheck. They will save money by accident unless they are totally frivilous.
As an aside, these “Millennials” by and large have to be the most coddled generation in history. The stuff I’ve read about and seen in person makes me wonder if they will ever grow up.
Participant[quote=cooprider14]I don’t think the majority of 20 somethings, even early 30-somethings have immediate plans to buy.
This demographic grew up with MTV, and will spend money on cars, clothes, and cell phones before saving for a down payment. Certainly not all, and probably none of us on these forums but I only know a small handful of people saving for a house.
[/quote]Many of the 20 somethings are also still living at home, in some cases despite earning a decent paycheck. They will save money by accident unless they are totally frivilous.
As an aside, these “Millennials” by and large have to be the most coddled generation in history. The stuff I’ve read about and seen in person makes me wonder if they will ever grow up.
Participant[quote=cooprider14]I don’t think the majority of 20 somethings, even early 30-somethings have immediate plans to buy.
This demographic grew up with MTV, and will spend money on cars, clothes, and cell phones before saving for a down payment. Certainly not all, and probably none of us on these forums but I only know a small handful of people saving for a house.
[/quote]Many of the 20 somethings are also still living at home, in some cases despite earning a decent paycheck. They will save money by accident unless they are totally frivilous.
As an aside, these “Millennials” by and large have to be the most coddled generation in history. The stuff I’ve read about and seen in person makes me wonder if they will ever grow up.
Participant[quote=cooprider14]I don’t think the majority of 20 somethings, even early 30-somethings have immediate plans to buy.
This demographic grew up with MTV, and will spend money on cars, clothes, and cell phones before saving for a down payment. Certainly not all, and probably none of us on these forums but I only know a small handful of people saving for a house.
[/quote]Many of the 20 somethings are also still living at home, in some cases despite earning a decent paycheck. They will save money by accident unless they are totally frivilous.
As an aside, these “Millennials” by and large have to be the most coddled generation in history. The stuff I’ve read about and seen in person makes me wonder if they will ever grow up.
ParticipantThey can’t afford to buy at this time. A small percentage with above average incomes may be able to afford a starter home, or they got money from mommy and daddy, etc. But for the most part prices still exceed incomes.
Those who partook in the loose lending couldn’t afford it either. In actuality the houses own them (the ones not forclosed on yet).
If you have to ask “how can they afford it”, they can’t. Which means that prices have to drop more. Simple.
ParticipantThey can’t afford to buy at this time. A small percentage with above average incomes may be able to afford a starter home, or they got money from mommy and daddy, etc. But for the most part prices still exceed incomes.
Those who partook in the loose lending couldn’t afford it either. In actuality the houses own them (the ones not forclosed on yet).
If you have to ask “how can they afford it”, they can’t. Which means that prices have to drop more. Simple.
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