So when’s the housing bubble bursting?




How faith drives former NBA star Alonzo Mourning’s goodwill​


The Hall of Famer has developed affordable housing for families and senior citizens in Florida and Texas




When asked why he’s dedicated this stage of his life to building affordable homes for families and senior citizens, Hall of Fame basketball player Alonzo Mourning had a simple response.


It’s not just because of the money, nor is it only about being the right thing to do.


As a man of faith, Mourning believes we’re all created by a god whose qualities we all can inherit. Loving your neighbor as yourself is what Christians are taught, which takes on a whole new meaning when it comes to housing shortages and homelessness, both of which are endemic to American society.


So, after a 15-year NBA career with the Charlotte Hornets, New Jersey Nets and Miami Heat, during which he won a championship in 2006 with the Heat, Mourning pivoted full time into philanthropy after retiring in 2008.


Over the past decade, he’s moved into housing development. In May, his latest development—a $37 million affordable senior apartment in Bradenton, Florida—was completed. The five-story, 120-unit building will cost its residents as low as $322 a month.
 
















 


il_794xN.6475523527_9jgi.jpg
 









 
Man this market is crazy. I am trying to sell my house because well home ownership just is overrated to me. I like movement and my kids are in college now so I can move again. Sure as sugar is sweet though I can't sell without paying some funky ass realtors like 40k. For what??? I keep cancelling but if you all know any good way to sell without paying realtor fees and now a days closing cost put me on.
Why not rent out your house? Homeownership is not overatted. It’s a way to secure some sort of fall back and generational wealthy. Renting is a waste of money and a good way to get fucked when the owner decides to sell or raise the rent every fucking year. There’s a reason so many want to buy
 
Why not rent out your house? Homeownership is not overatted. It’s a way to secure some sort of fall back and generational wealthy. Renting is a waste of money and a good way to get fucked when the owner decides to sell or raise the rent every fucking year. There’s a reason so many want to buy
I don't want to be a landlord, I hear way too many horror stories. And I plan to move to another state so long distance landlord added makes the rent proposition worse. However, I am weighing all options because it doesn't matter what I want it matters what the money says.
 
I don't want to be a landlord, I hear way too many horror stories. And I plan to move to another state so long distance landlord added makes the rent proposition worse. However, I am weighing all options because it doesn't matter what I want it matters what the money says.

If you do decide to rent your place out long distance, I recommend getting a property management company to handle that. Makes the process much easier.

Also, make sure to look into the tenant laws of your city and state....Every state is not the same and some of these crazy ass laws will definitely make you not want to be a landlord...
 
Last edited:


 
28 yr olds don't want houses
People are going to school longer, having kids later. High rise condos are in fashion.
Some of these stats are useless
It’s because houses in the city are millions . Young people with no kids don’t want to live in the suburbs where the houses are. If houses were the cost of Condos people would want houses .
 
28 yr olds don't want houses
People are going to school longer, having kids later. High rise condos are in fashion.
Some of these stats are useless

The median age for first time homebuyers was only 33 four years ago, now it's 40. There's not much of a difference between 28 and 33.
 
The median age for first time homebuyers was only 33 four years ago, now it's 40. There's not much of a difference between 28 and 33.
40 is the new 30
Sidebar: a good amount of people could have bought homes when they were more affordable and chose not to and now want to buy and cant
 
The open secret about Miami is that those properties are a store of wealth for international criminals from all over the world. So the bubble is the artificially inflated prices to keep their money in tact. If the bubble is ever allowed to burst, then problems will be global. It’s not about real numbers.

Banking Giant Claims Miami Is Most at Risk of a Housing Bubble—Here’s Why Experts Say It Could Be Wrong​

 
Yup they recreated the bubble just 15 years later and now it is starting to pop. People can't keep up with these prices. I guess if you have the ability to keep paying your mortgage and have fund available it will be a chance to come up if you're interested in owning a bunch of real estate.
 
Last edited:
America has built its own housing crisis — this is why owning a home is so unaffordable

They point to three major forces doing the most damage: restrictive zoning, land-use barriers, and financial policies that have choked supply and pushed prices out of reach.

By Amanda Macias, Fox Business
Nov. 12, 2025

 
Back
Top