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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 5:23 pm to pankReb
Posted on 5/24/23 at 5:23 pm to pankReb
Inflation has been a problem for many generations. Again, you're not special. That's really my only criticism here. You seem to think nobody has had to deal with it and you want to blame "boomers."
BTW, I was born in the 70s.
BTW, I was born in the 70s.
Posted on 5/24/23 at 5:30 pm to H2O Tiger
quote:
There has got to be a massive one looming in office real estate. I don't see it coming at all for storefronts.
Yes. Certain segments of CRE are getting smoked but there are several other asset types that are booming right now. At least in the areas I deal with.
Posted on 5/24/23 at 5:30 pm to Jake88
quote:
Inflation has been a problem for many generations.
Sure boomer…..this current inflation is totes normal and absolutely not the highest it’s been in over 40 years and showing to still climb.
And even if not…..you should still just stop complaining about it.
You couldn’t build a boomer in a lab that could come up with a more typical argument.
Posted on 5/24/23 at 6:16 pm to pankReb
i live in a small city south of dallas on 35. houses and apartments going up pretty steady. apartments are going for 1800-2000 for 1 bedroom and houses are renting for 2600-3300. most new construction is not for sale.
Posted on 5/24/23 at 6:21 pm to jizzle6609
wrong. please try to stay under 1000 posts. You bring nothing to the board and you are clearly just full of shite.
Posted on 5/24/23 at 7:47 pm to Jake88
What did your first house go for/what year?
Posted on 5/24/23 at 8:18 pm to stout
Don't know but houses for sale are no longer flying off the shelf
Posted on 5/24/23 at 8:35 pm to JohnnyKilroy
quote:
Assuming you are in Gwinnett
Correct
quote:
there is no way in hell your property tax is the highest line item on your monthly mortgage payment.
Purchased for $190. Assessed at $375.
You are the expert, you tell me what my property tax is. R1, standard homestead exemption.
Posted on 5/24/23 at 8:36 pm to meansonny
quote:
Move to a less expensive area. I.e. the country. Boonies. Where tens of thousands of other employees are not fighting each other (with their wallets) for the same 5 houses.
Fwiw, my gf and I are in the top 5 percent in the city we live in, not meant as a brag more meant as it's a weird market out there.
Posted on 5/24/23 at 8:37 pm to stout
I bought my first hole at 13% interest rates in 1978.
Paid it off too.
Get back with me when you have a real crisis…
Paid it off too.
Get back with me when you have a real crisis…
Posted on 5/24/23 at 8:38 pm to Troutforbreakfast
quote:
I bought my first hole at 13% interest rates in 1978.
Jesus H!
You had to buy holes in 1978?!
Posted on 5/24/23 at 8:40 pm to perch
quote:
most new construction is not for sale.
I'm seeing this outside Atlanta too. Building subdivisions but nothing for sale. They are all rentals only. You can walk up to the office with a briefcase of $500,000 cash and they'll tell you to frick off. Rentals only. Nice houses too, nice amenities.
Posted on 5/24/23 at 8:42 pm to NIH
quote:$25,000 in 1977.
What did your first house go for/what year?
I'm kidding. 170,000 in 2000.
Posted on 5/24/23 at 8:44 pm to pankReb
quote:
Sure boomer…..this current inflation is totes normal and absolutely not the highest it’s been in over 40 years and showing to still climb.
And even if not…..you should still just stop complaining about it.
You couldn’t build a boomer in a lab that could come up with a more typical argument.
Boomers were your age when inflation in the late 70's hit and our gasoline was being rationed. And now you are lecturing them about inflation.
Posted on 5/24/23 at 8:45 pm to Jake88
quote:
I'm kidding. 170,000 in 2000.
We bought our first house in 2005 for 125k'ish at 6.8%. It was in the sticks though, vinyl siding, 1400 sq ft, single car carport and 20 miles from my office.
Posted on 5/24/23 at 8:52 pm to fallguy_1978
I think my interest rate was between 5 and 6. It was on the Northshore. Sold it in 2005 after Katrina because I had just bought another house 2 weeks before Katrina. I didn't mark it up beyond pre-katrina value when I sold it either. I felt for all the people coming to look at it.
Posted on 5/24/23 at 8:54 pm to Jake88
We actually didn't really want to live out there but that's where we could afford a house with 2 kids in daycare. We lived there for 8-9 years until I was 35 or so.
This post was edited on 5/24/23 at 8:55 pm
Posted on 5/24/23 at 8:58 pm to deeprig9
quote:He sure will but...
Boomers were your age when inflation in the late 70's hit and our gasoline was being rationed. And now you are lecturing them about inflation
quote:at those who think they've had it tougher than generations past.
By 1981, inflation had risen to 9.5%. The Federal Reserve combated inflation by increasing the federal funds rate, an overnight benchmark rate that banks charge each other. Continued hikes in the fed funds rate pushed mortgage rates to an all-time high of 18.45% in 1981.
Posted on 5/24/23 at 8:59 pm to fallguy_1978
That's good and people could take a lesson about living within their means and delaying gratification when they're young. Why is someone down voting you?
Posted on 5/24/23 at 9:03 pm to Jake88
quote:
That's good and people could take a lesson about living within their means and delaying gratification when they're young. Why is someone down voting you?
Doesn't matter.
I agree that real estate is stupid right now but I also think young people try to live lifestyles that aren't comparable to their parents or older generations. Real estate will eventually correct imo. The current path is unsustainable.
This post was edited on 5/24/23 at 9:04 pm
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