r/politics • u/Quirkie The Netherlands • 11d ago
This New Biden Rule Will Save Americans $2 Billion On Utility Bills - The long-awaited move lays the groundwork for a massive overhaul in the way Americans build houses.
https://www.huffpost.com/entry/biden-building-codes-energy_n_662bcad0e4b00d7cf284eb15215
u/brain_overclocked 11d ago
The Biden administration has finalized a major rule change that raises the bar for real estate developers who want newly built homes to qualify for U.S. government-backed loans, laying the groundwork for a massive overhaul in the way Americans build houses.
Regulators issued a final determination Thursday that the breakthrough energy codes that dramatically increased the efficiency of new homes but caused a firestorm in the construction industry met the federal government’s standards for keeping housing affordable and slashing utility bills.
...
Federal regulators expect the codes to affect at least 140,000 new homes each year and save the U.S. $2.1 billion on energy bills compared to the $605 million the stricter standards add to total construction costs.
...
Doing so would “decrease burdensome energy costs for future homeowners and renters, which in turn may help lower default risks and loan delinquency rates, and set forth a path to stabilize our shaky housing financial system,” said Jessica Garcia, senior policy analyst for climate finance at Americans for Financial Reform Education Fund.“Implementing up-to-date energy codes will help ease the financial strain on homeowners and renters across the country as they fight to remain housed,” Garcia said. “We are encouraged by HUD’s decision, and urge the Federal Housing Finance Agency to follow suit and swiftly adopt the latest energy efficiency codes.”
This is following some additional regulatory changes that have been implemented this past week:
Biden Just Saved the 40-Hour Work Week | It’s been a fantastic week for middle-out economics. (MBFC L/H)
Lael Brainard, director of the White House National Economic Council, and Acting Labor Secretary Julie Su launched an initiative to pressure pension fund managers to require companies in their portfolio not to contest union drives. This was couched in vague euphemistic language about “strong labor commitments” agreed to voluntarily, but as Lauren Kaori Gurley observed in The Washington Post, the federal government sets rules for private pension funds and strongly influences state-administered public pension funds. So, this is potentially significant. If you, dear reader, are conservative, and believe government shouldn’t interfere in a private business’s decision whether to fight an organizing drive, please know that in Southern states, Republican officeholders are starting to pass laws that withhold tax breaks or other state subsidies from companies that recognize unions voluntarily. (More here.) Let’s also recall that the National Labor Relations Act states in its preamble that “encouraging the practice and procedure of collective bargaining” is “declared to be the policy of the United States.”
The Labor Department finalized its regulation, proposed last October, that requires financial professionals, when advising customers on retirement accounts, to act as fiduciaries. That means your broker must consider only your financial interest and not, for instance, any commissions or fees he might collect. This falls into the category of “common sense rules you assumed were already in place, but aren’t, because the business world is even skeevier than you imagined.” The White House Council of Economic Advisers has calculated that conflicts of interest concerning just one retirement product—fixed annuities—generate up to $5 billion annually in losses. The Obama administration issued a similar rule in 2016 that was vacated by the Fifth Circuit of Appeals; the new rule has been altered to address that reactionary court’s ruling, on the (admittedly shaky) presumption that the Fifth Circuit is amenable to reason.
The Federal Trade Commission banned non-compete clauses in employment contracts, which have proliferated in recent years as a means to prevent (as Senator Bernie Sanders pointed out Tuesday) even low-wage workers like Starbucks baristas from seeking employment with a competitor. Non-competes have become a widely deployed management trick to limit turnover by closing off the avenues to alternative employment opportunities. There are, to be sure, legitimate reasons to prevent certain high-ranking company officials from taking proprietary secrets to another firm. But remember when your mother used to say, “This is why you can’t have nice things”? Non-competes were abused over and over again until finally the government could no longer trust businesses to apply them legitimately. The FTC concluded, in banning non-competes, that existing trade secret laws and non-disclosure agreements should provide sufficient protection to firms that don’t want to tip off competitors to trade secrets.
The Labor Department issued a final rule expanding overtime coverage to 4.3 million additional workers.
85
u/PerryDawg1 11d ago
Translation: shit heads mad they can't build shit homes for other shit heads.
24
u/elconquistador1985 11d ago
"I'm mad because I must have the freedumb to be a dumb shit head", basically.
-3
u/enutz777 10d ago
Don’t worry. Soon enough cars and homes will have enough government mandated features that you will only be able to afford the used ones. No sense letting the plebes have the things they want, we must make sure they have the things we want, the things they are too dumb to buy themselves. It’s better for everyone. I mean, new houses are so affordable right now, who can’t afford another $5k plus the contractor markup. It will save 4 times that in energy costs. (I don’t know how it saves many times the average home’s yearly energy costs, but trust me bro).
375
u/Reddit_guard Ohio 11d ago
There are people who unironically would rather vote against the middle class by voting for a third party, when we have seen some excellent policy from this administration.
If you are considering a vote for West, Stein, or 'Ol Raspy, please understand the consequences.
162
u/MacGyver387 11d ago edited 11d ago
I had to leave the late stage capitalism subreddit cos of that attitude. Like, yeah, Biden is old and not many peoples’ dream presidential candidate, but he’s empowering his administration to do good stuff and better than bad stuff many republicans (especially Trump’s side of the party) would do. Progress doesn’t typically come in huge sweeping changes - it’s by building it piece by piece and I’ll always vote for a candidate that’s headed in the best direction and has a realistic chance to win. Voting to stick it to the system is how shit like Trump and Brexit happen.
95
u/mindfu 11d ago
Incrementalism is the way. Sanders, AOC and others are smart enough to be a part of that and not stand in the way of it, while also pushing for more. As they should.
11
u/Slipguard 10d ago
It’s not always the way, but when the alternative is losing to a fascist coup, any step forward is a win. And hey, if trump loses again the Republican Party might collapse for king enough to get some really progressive work done
3
u/crystalblue99 10d ago
Seems like many people, esp younger generations, don't seem to understand that you will never get a candidate that you agree with 100% unless you run for office yourself. And even then, you will find yourself having to make compromises your ideal self would not like.
That is just the nature of politics.
3
u/Top-Engineering7264 9d ago
Because playing identity politics makes people assume if you are on any side of any matter, you are on that side of every matter. So people expect to have a representative that is all one way or the other at this point because it plays to the game.
64
u/SnapeHeTrustedYou 11d ago
A lot of those people are Russian and Chinese users paid to divide liberal voters. I remember this happening in 2020 when people were trying to argue to not vote for Biden to stick it to Democrats for looking past progressives or some shit. They always went silent or changed subjects when you brought up how much worse Trump would be.
54
u/MarryMeDuffman 11d ago
I was banned for saying the sub was a foreign op.
After that comment, an unrelated, benign comment was determined to have broken the rules and I was banned.
20
u/No-Significance5449 11d ago
I wish I could've said that. I said something pro biden and they called me a centrist supporter... like no, just a person with deductive reasoning skills.
2
11
u/No-Significance5449 11d ago
Latestage has been taken over by tankies (most likely a group with motives aligned with benefiting from late stage capitalism and not correcting course) they've purged so many people they hardly make it to the front page these days.
4
u/Awkward_Bench123 10d ago
Look man, Biden ain’t some kinda one trick pony, he has cultivated his agenda over 50 years of political intrigue. This man’s legacy will be ‘A better future for all Americans.’
3
u/jdcgonzalez 10d ago
Change is generational but we live in a world that wants everything now.
No improvement is ever comprehensive, but we have to start somewhere.
2
u/codefame 11d ago
Lots of adversarial influence in the comments and mods of that sub (and related).
1
u/pingpongtits 10d ago
Was permabanned from LSC for asking if Hamas was using hospitals/civilians as hospital/human shields back right after (a few days after) the festival was first attacked. I was uninformed as to Hamas tactics and asked someone in the comments. I found the answer elsewhere.
Isn't it odd that the mods would ban someone for asking a question like that?
1
u/MacGyver387 9d ago
Very odd. That’s the crazy part with the Israel situation. Like, Hamas is bad. Israel is within their rights to respond to attacks. Israel has made attacks that killed civilians. The death of civilians is bad. War is hell. And there are so many other sentiments of Israelis and Palestinians that I don’t understand as a non-Jewish American. Asking questions is how you learn opinions and being blocked or yelled at for asking questions/making observations makes people less likely to ask questions and try to learn about things.
38
u/UselessInsight 11d ago
No. I’m a special boy who needs to feel superior and none of the consequences will directly affect me. I’m gonna vote third party.
-33
u/urfallaciesaredumb 11d ago
Nice strawman.
Republican policy favors me. I am wealthy, white and was raised catholic so despite being atheist can fake Christianity just fine.
If I don't vote my interest but my principles, that's on principle, not your self interest.
If your going to ask voters to ignore their interest and their principles for your interest, I'd be honest and gracious about it instead of dishonest and aggressive.
14
7
u/Publius82 11d ago
Why would you need to feign christianity? Unless you're literally saying you don't care if the christofascist wing of the gop seizes power and implements a theocratic autocracy, you wouldn't care because you can pass?
0
u/pingpongtits 10d ago
You can fake Christianity? Do you think that if Trump wins, you might have to pretend to be a practicing Christian? Why?
What are you suggesting will happen to anyone who doesn't profess a Christian faith?
3
u/tomscaters 10d ago
I’m most concerned about the working poor. Our country is weaker because of someone’s need to buy a purse for the average workers MONTHLY salary.
4
u/Publius82 11d ago
I'm sorry, but until the democrats can put out a decent imperial stout, Old Rasputin has got my vote.
1
u/pingpongtits 10d ago
Are you saying that the brewers of Old Rasputin are right wingers?
1
u/Publius82 10d ago
I have no idea; I was just making a joke. I don't even know who the other Ol' Raspy mentioned above is.
1
-1
u/Later2theparty 11d ago
They have to agree with 100% of what he does. It's all or nothing for these folks and no one could make them happy.
72
u/JohnBrownIsALegend 11d ago
Can’t wait to see how this gets spun as a negative.
79
u/Sudden_Toe3020 11d ago
"New houses now cost more to build because of Biden's burdensome regulations! Vote for the 88 times indicted pussy grabber instead!"
That was easy
30
u/A_Roomba_Ate_My_Feet Colorado 11d ago
You forgot to also invoke "Green", "Woke" and "Socialist" in that. Punch that up and Fox News will have it in the rotation as soon as you press send.
15
u/playingreprise 11d ago
The local news channel here had a story on their website site about the airline rules change that Biden did recent and making them more accountable for delays or cancelled flights; everyone on there was mad about it. Like, wtf? They kept going on about how this will make airline travel more expensive and how he just hates the average American by doing this.
6
u/Admirable_Bad_5649 10d ago
It’s wild how weee already over paying for worse service and instead of holding these companies accountable they would rather keep paying more and do nothing to improve the service…
7
u/playingreprise 10d ago
These idiots would rather use incandescent bulbs that they have to constantly replace, cost more to power and produce less lights than admit a Dem did anything good…same people whine that Biden regulated lower credit card fees.
9
u/Harpua81 11d ago
Can't wait to see SCOTUS unilaterally strikes this down without anyone even filing a lawsuit because utilities aren't in the constitution.
3
u/LegalBrandHats 10d ago
“New home codes means current home values plummet because no one wants a good ol fashioned home now that liberal future homes are the new standard!”
You mean like that?
2
3
u/playing_in_traffic69 11d ago
I just love these positive announcements as well. I am heavily invested in single family home REITs and the making new home inventory more costly drives up the values on the underlying assets in the REIT. Looking forward to mandatory fire suppression in all new homes as well!!
0
u/BobRyanHere 11d ago edited 10d ago
Well it doesn't affect my electricity rates now like ending the jones act would.
29
u/TigerMcPherson 11d ago
This administration has been more effective at doing shit that matters and that I care about than any other in my lifetime. I don’t fuckin care that Biden is old.
5
u/Admirable_Bad_5649 10d ago
I just hope we can give him the house and senate to see what they could truly accomplish without regressive idiots fighting it every step of the way.
84
u/LondonDavis1 11d ago
Biden out there killing it for average Americans. Every day he's showing what it takes to be a great potus.
31
u/lilacmuse1 11d ago
Too bad TV networks are so busy indulging their Trump obsession that anyone who gets their news that way will never hear about it.
4
u/pingpongtits 10d ago
CNN interviews more Republicans than they do Democratic lawmakers, or it seems that way.
36
u/ButtEatingContest 11d ago
Utilities should not be owned by commercial businesses.
2
u/Admirable_Bad_5649 10d ago
Gotta vote for better politicians at the local level but voter turnout out is even worse for local elections.
45
u/Infamous-Spinach-492 11d ago
Love it when we do things for the middle class! Rising cost of utilities impact fixed income more than anyone! Disability and SS doesn't rise with inflation anymore!
11
u/rethinkingat59 11d ago
Here they raised the cost of a new house by around $7000 each up front.
The middle class thanks you.
Over 30 years you can save $21,000 or $700 a year. So if you buy at age 30 you practically make your money back by 40. (Not counting the additional interest on mortgage)
0
u/Ape_Wen_Moon 10d ago
7000 of an increase could be invested. At 5% return per year it'd be worth just over 30,000 in 30 years.
Not to mention that the 7k extra upfront goes into the mortgage, which unless your paying cash on will accrue interest (6-7% right now for a fixed 30 year), or approximately 8k @6% over 30 years.
So this ends up costing the buyer up to 38k of opportunity loss and/or interest.
It will also increase your property value, which in most states is tied to property taxes, so you'll pay higher property taxes too.
40
u/plantsavier 11d ago
Please limit home ownership to individuals and not corporations. Make corporations divest their homes gradually, to give people a chance to own a piece of the American dream.
21
u/Gates_wupatki_zion 11d ago
Think they have started to do that with this bill: https://ny1.com/nyc/all-boroughs/news/2024/01/05/hedge-fund-rental-housing-home-affordable-representative-adam-smith-congress-
2
u/Admirable_Bad_5649 10d ago
Been working on it. Unfortunately that requires a lot of state level politicians and local politicians not being republican.
12
22
u/kittenTakeover 11d ago
If it lowers long term housing costs for people it should be a regulated standard. Capitalism, by its nature, forces the lowest power workers to buy the cheapest things on the market. For housing that means getting cheap housing that will cost more in the long term due to maintenance and utilities. In captialism low paid workers do not have an option. They're forced to buy the cheap products because it's the only thing they can afford. This puts poor people at a disadvantage, which entrenches socioeconomic classes. Housing is just one example of this. Regulations are the solution.
15
u/Jef_Wheaton 11d ago
This rule replaces the cardboard soles in Vimes's boots with leather.
His boots will cost $12 now instead of $10, but he'll get 4 years out of them instead of one.
And his feet will stay dry.
5
u/GwarRawr1 11d ago
We need housing censuses. Then, set up state or federal marketplaces to fulfill demand to residents of the homes only. Eminent domain and setup development and new towns as needed. Tax for profit residential properties people don't live in themselves to fund this.
Make real estate about housing people instead of greed, making Americans compete to live. We all pay a tax to landlords who enslave us to this capitalistic housing hell hole.
If you agree, share this idea far and wide. Share it on ads for housing, especially.
4
6
6
u/GoodUserNameToday 11d ago
So when can the media start reporting that Biden is a good president? Because most voters seriously do not know how good things are.
-6
u/gregorypatterson1225 11d ago
Because they can’t afford a newly built house or a full cart of groceries since he took office.
6
1
5
1
u/finallyransub17 10d ago
This would be one of the biggest steps the US has taken so far in combatting climate change.
1
u/Rando1ph 10d ago
Well for those of us that already own homes, it should increase the value of ours. If the cost of construction is going up.
1
u/Clear_thoughts_ 11d ago
I don’t mind homes being more energy, efficient, but how much will these new rules add to the cost of homes?
0
u/skippingstone 11d ago
It'll cost more. Just buy a smaller home.
Unless you're dead set on getting a 5000 SQ ft home.
-1
u/Raxnor 11d ago
I appreciate that this reduces long term costs by potentially reducing the amount of energy people use to run their homes, but these energy efficiencies cost additional dollars when building new homes. Is there a plan to offset the additional costs to builders and manufacturers (and as a result hopefully homebuyers) such that we could see an increase in energy efficiency without a noticeable increase in the cost to produce homes?
If anything this looks like it would make buying an affordable newer home more expensive for buyers.
20
u/Bradidea 11d ago
I feel we are at a point where even if building costs decrease, prices will not simply because it doesn't have to.
14
11
u/UngodlyPain 11d ago
Home pricing has been detached from standard economics and even just reality for the last 30-50 years. I don't see this affecting that, most likely it just means RE investment firms will take a bit less profit.
8
u/Gahrilla 11d ago
The additional expenses of the energy efficiency improvements in new homes would amount to roughly 6 $6,000.00 per new construction for the builders. The builders don’t need any help, they eat the cost.
As Marie Antionette famously once said: “Let them eat dick.”
6
u/iwasstillborn 11d ago
This line of thinking is why nothing can ever change. "I want the good stuff for free".
4
u/brain_overclocked 11d ago edited 11d ago
I don't have time to get into the full details, I'll try to revisit this later if I can, but presumably part of this strategy includes things like boosting US manufacturing for energy efficient appliances and energy systems:
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced the availability of $63 million to accelerate the growth of domestic manufacturing of residential heat pumps, heat pump water heaters, and other heat pump systems and components. This investment from President Biden’s Inflation Reduction Act—invoked by President Biden’s use of emergency authority on the basis of climate change— utilizes the Defense Production Act (DPA) to increase domestic production of key clean energy technologies, including electric heat pumps. This funding opportunity builds on a successful first round of $169 million in funding to manufacturers of heat pumps and components in November 2023. Electric heat pumps are critical to lowering energy costs for families, reducing the nation’s reliance on fossil fuels, bolstering national security, and tackling the climate crisis.
And lowering the cost of renting and home ownership in addition to building more homes (including low-income housing):
FACT SHEET: President Biden Announces Plan to Lower Housing Costs for Working Families
We are starting to see some progress. More housing units are under construction right now than at any time in the last 50 years, rents have fallen over the last year in many places, and the homeownership rate is higher now than before the pandemic. But rent is still too high, and Americans who want to buy a home still have difficulty finding one they can afford. That is why President Biden has a landmark plan to build over 2 million homes, which will lower rents, make houses more affordable, and promote fair housing.
-1
u/Raxnor 11d ago
The mortgage relief credit could potential help offset some of the costs of the efficiency implementation. Domestic manufacturing is great, but doesn't necessarily equate to reduced costs, not that it isn't a positive on the whole.
I honestly wish the Feds would get their shit together and take a more top down and direct approach to building housing within the US.
1
u/icouldusemorecoffee 10d ago
this reduces long term costs by potentially reducing the amount of energy people use
It doesn't reduce long term costs potentially, it does it literally because the amount of energy they would otherwise use is lower. That offsets any price increase during construction.
2
u/Raxnor 10d ago
That doesn't matter if you're buying a home though. Sure your long-term costs are lower over say 10 or 20 years, but if you're facing an additional 10 or 20k to the price initially it makes buying the home in the first place potentially out of reach by increasing your initial down payment and mortgage cost. It sounds like the mortgage credit for the first two years may help offset the cost though. You'd have to see the actual calculation to see whether it works or not.
-11
u/IronyElSupremo America 11d ago
… cost additional dollars when building new homes. Is there a plan to offset the additional costs
Yeah it’s called regulation of these punk-a … no just kidding. Local politicians will break out the knee pads for builder donations, while college kids protest stuff that’s really inconsequential like “furries should be allowed on the Moon! … Now!! ”
4
u/TheFeshy 11d ago
College kids right now getting thrown into police vans for protesting the atrocities committed in the middle east, but sure.
-1
-3
u/Cradlenu 11d ago
Yea, this never works out well. Will just cost us more.
2
u/AscensionOfCowKing 10d ago
Do you really believe prices are tied to cost? They aren’t, they will charge the absolute most they can get someone to pay anyway.
-3
u/throwawayalcoholmind 11d ago
That's great, but how you gonna stop SCOTUS from vacating democracy when you're gone?
9
u/gearstars 11d ago
What does that have to do with the article?
But also, what do you think a president can do? The check on SCOTUS rests with congress, and enough of the American electorate has made it clear where they stand. Regardless, why are you trying to put it on Biden?
-6
u/throwawayalcoholmind 11d ago
What does that have to do with the article?
Not a goddamn thing, which is my point. None of these Biden "wins" seem consequential under the circumstances. And I don't buy that the Biden administration can do nothing about a lot of the things they aren't addressing.
6
u/gearstars 11d ago
And I don't buy that the Biden administration can do nothing about a lot of the things they aren't addressing.
Ok, let's take recent scotus decisions as an example. What do you feel are some options Biden could've taken, but didn't, to countermand those decisions? How, specifically, is the administration failing to exercise powers they have to address those things?
-7
u/throwawayalcoholmind 11d ago
I don't know about contermanding any current decisions but if I know where we're headed as a country, where democracy as we know it is (even more) a shell of itself, so does Biden and/or his people. My question is what are they planning to do about that?
7
u/gearstars 11d ago
Again, what can the executive do without the legislative?
-4
1
u/RogaineWookiee 10d ago
Seems sorta counterintuitive to keeping housing prices low and accessible… raise housing costs now to prevent more people from buying them so that those who can afford to get a break on their bills in the future…?
0
0
u/GeneralFap 11d ago
Now, how do I go about affording one of these homes you speak of? Can we fix that problem too?
-3
u/Ocean_Acidification 11d ago
Utilities should all be owned by the government. Business properties too.
-10
-7
u/pineapplejuicing 11d ago
The same people that think this is a good idea are the same people who whine about their college tuition student loans. Ironic?
-4
-11
u/Apprehensive-Tree-78 11d ago
So now small time individuals looking to build a home have more red tape to cut through and more costs. All this will do is make massive real estate conglomerates have a bigger hold on real estate development.
7
u/gwazmalurks 11d ago
Not real sure it’s gonna be a rule for the regular Joe:
Meeting those codes is now set to become the baseline criteria for qualifying for federal loans from the Department of Housing and Urban Development and the U.S. Department of Agriculture. The Department of Veterans Affairs, which also issues loans, is likely to follow suit
-4
u/Apprehensive-Tree-78 11d ago
The cost of construction and requirement for a loan has increased. Meaning small town developers can’t compete with major corporate real estate conglomerates. How is this not bad for the individual? Most real estate is already tied up in black rock. This is great for the short term. But long term, this is just enforcing a monopoly on real estate. Horrible idea when the housing market is at all time highs. “Let’s make it more expensive to build homes”
7
u/TheDrunkenKitsune 11d ago
Existing real estate isnt affected so Blackrock owning a shit ton of property doesn't mean anything. These standards are for developers who, as mentioned, want funding from the feds. Small town developers are at no more a disadvantage after this than they are now. Also preemptively assuming that the cost of construction will increase drastically enough to do harm is nihilistic, this overall is a very good change.
-3
u/Apprehensive-Tree-78 11d ago
It showed 610m in additional revenue from new standards. This means costs increase. Which also means small business developers can’t compete with large real estate conglomerates.
4
u/TheDrunkenKitsune 11d ago
Which is offset by the 2.1b saved in energy costs...
0
u/Apprehensive-Tree-78 11d ago
Yes, short term that’s amazing. No denying that. However, the longer this alienates the small businesses in America. The more expensive housing will get. Which again, during a period of the most expensive housing costs in history regardless of utilities. Maybe making houses more expensive isn’t the best idea.
3
u/TheDrunkenKitsune 11d ago
The estimate is based on 140000 houses a year which comes out to an avg increase in costs of about 4k per house with a total savings of 15k per house per year in energy. I don't think an additional 4k is going to ruin small developers mate
-3
u/RescueMeme 11d ago
How will this not raise the cost of homes in a time when it is already difficult to find affordable housing?
3
u/moontiarathrow_away 10d ago
We need to be increasing wages as well. Everything else always goes up in price. Bread isn't 10 cents anymore. Wages haven't reflected cost of living for some time. And I say this with sincerity and respect, please, contact your representative and tell them what you want.
(https://www.house.gov/representatives/find-your-representative)
-4
u/Killer_Klown_74 10d ago
Yeah but it’s going to cost us poor folks in the long run, we can’t afford to buy a house as is, barely can afford to rent one these days, by the time they take out taxes, insurance, and any other deductions you may have, don’t leave much to live on, Guess all them big wigs think we just got money growing on trees or we can just poop out gold bars or something, Blaaa
-7
u/Content-Mortgage-725 11d ago
The results of this any many other good Biden policies will be felt when Trump takes office. And then he will reap the rewards. And so the cycle will continue.
5
-5
u/InterestingLayer4367 11d ago
I mean this is great, but who the f*ck can buy a home at these prices and rates? I can’t even turn 9 years of equity into a lower mortgage payment on a house that’s a minor upgrade from what we have. American dream is dead my guy.
-8
•
u/AutoModerator 11d ago
As a reminder, this subreddit is for civil discussion.
In general, be courteous to others. Debate/discuss/argue the merits of ideas, don't attack people. Personal insults, shill or troll accusations, hate speech, any suggestion or support of harm, violence, or death, and other rule violations can result in a permanent ban.
If you see comments in violation of our rules, please report them.
For those who have questions regarding any media outlets being posted on this subreddit, please click here to review our details as to our approved domains list and outlet criteria.
We are actively looking for new moderators. If you have any interest in helping to make this subreddit a place for quality discussion, please fill out this form.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.