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re: Can someone help me explain how people are affording a house in today's market?

Posted on 4/3/23 at 2:54 pm to
Posted by Robin Masters
Birmingham
Member since Jul 2010
30108 posts
Posted on 4/3/23 at 2:54 pm to
When I was a kid my single mom couldn’t afford anything close to her work so she bought a hundred year old house and 20 acres out in the country about 45 min from the city for $22k (in 1985). We worked for 5 years fixing it up and sold it for $160k.

We did the same thing a little closer and she sold t for $400k. She’s now worth over 2 million.

Everyone thinks they deserve the best without needing to sacrifice

This post was edited on 4/3/23 at 2:55 pm
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71593 posts
Posted on 4/3/23 at 3:14 pm to
quote:

When I was a kid my single mom couldn’t afford anything close to her work so she bought a hundred year old house and 20 acres out in the country about 45 min from the city for $22k (in 1985). We worked for 5 years fixing it up and sold it for $160k.

We did the same thing a little closer and she sold t for $400k. She’s now worth over 2 million.

Everyone thinks they deserve the best without needing to sacrifice


Except these homes are now going for massive amounts too. I toured a house that obviously had foundation damage, and some moron paid 480k for it.
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
29782 posts
Posted on 4/3/23 at 4:15 pm to
quote:

When I was a kid my single mom couldn’t afford anything close to her work so she bought a hundred year old house and 20 acres out in the country about 45 min from the city for $22k (in 1985). We worked for 5 years fixing it up and sold it for $160k. We did the same thing a little closer and she sold t for $400k. She’s now worth over 2 million.
Impressive.
Posted by WWII Collector
Member since Oct 2018
7108 posts
Posted on 4/3/23 at 8:48 pm to
quote:

When I was a kid my single mom couldn’t afford anything close to her work so she bought a hundred year old house and 20 acres out in the country about 45 min from the city for $22k (in 1985). We worked for 5 years fixing it up and sold it for $160k.

We did the same thing a little closer and she sold t for $400k. She’s now worth over 2 million.

Everyone thinks they deserve the best without needing to sacrifice


I remember those days.. But that was before tv shows like "flip this house."

Right now. I get an average of 3 texts and 3 calls per day by people wanting to buy my house... plus stuff in the mail...

I saw a sign today for a manager at taco bell. Starting pat $12 per hour.. How can they afford a house today?

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