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re: Baffled as to how single people afford houses currently
Posted on 10/12/23 at 12:35 pm to Thundercles
Posted on 10/12/23 at 12:35 pm to Thundercles
According to Zillow there’s plenty of 3BR options under 250k. I clicked on three, all move in ready.
This post was edited on 10/12/23 at 12:35 pm
2
Posted on 10/12/23 at 1:19 pm to Thundercles
quote:
the average person is making 70k, that's 5,800 per month
This may have already been pointed out but you aren't clearing $5,800 month @ $70k. Have to figure in Uncle Sam sticking his finger in your earnings plus Medical insurance, HSA, hopefully some 401k contribution in there, etc.
Posted on 10/12/23 at 1:26 pm to Thundercles
You’d think Louisiana would be exploding due to affordability but no….
Posted on 10/12/23 at 1:41 pm to alajones
Anything 250 or below in DFW is high crime ghetto.
My son just bought a cool place in downtown Carrollton. He's single, young, and it's perfect. Got a big yard, and a house built in the late 50s that's been redone. It's worth looking in that area.
My son just bought a cool place in downtown Carrollton. He's single, young, and it's perfect. Got a big yard, and a house built in the late 50s that's been redone. It's worth looking in that area.
Posted on 10/12/23 at 1:45 pm to alajones
quote:
According to Zillow there’s plenty of 3BR options under 250k. I clicked on three, all move in ready.
That map zone you posted is a really shitty part of town. Extremely high crime. But with the outrageous pricing and development in other parts of the city, that might come up into a middle class area. It has historically been lower class and those are mostly flips for sale targeting people with middle incomes
Posted on 10/12/23 at 2:11 pm to The Third Leg
quote:
Even if you believed that we have this mass of able-bodied labor that isn’t working, and I don’t think we do, this isn’t happening in Texas.
It’s been happening everywhere for decades. The male 25-54 labor participation rate has been on a mostly steady decline since the 1960’s.
USA Today: why are men dropping out of the workforce?
Posted on 10/12/23 at 2:29 pm to Thundercles
I am 35 and most of my friends have either owned for ten years or more or will likely rent forever. I bought in 2012 and that was so fortunate the timing was amazing. I own six places now on a teacher's income, but I have house hacked for years. I have had roommates, used Airbnb, and been creative to maximize my usage of the house.
Posted on 10/12/23 at 2:33 pm to Thundercles
Parents and trust fund
Posted on 10/12/23 at 2:57 pm to Thundercles
Pleasant Grove/Balch Spring for the win!
Posted on 10/12/23 at 3:11 pm to Thundercles
quote:
Looking at properties in Dallas, 400k
Buy a lot in a NEW subdivision with homes in your price point.
After the lot is paid for, hire a contractor to build your house
The paid for lot should = 20% of the cost of the home
Posted on 10/12/23 at 3:14 pm to CatfishJohn
quote:Why does a single person need a multi-bedroom house?
Baffled as to how single people afford houses currently
quote:Prices have been escalating for over a decade. Some people whined about affordability the entire time. Others saw it as a profit opportunity. Two kinds of people in this world.
We bought a small townhome in a "newly gentrifying" area ... We stayed for 2+ years (actually 3.5) so we could roll it tax free into a new home. Did that twice.
Posted on 10/12/23 at 3:23 pm to notsince98
quote:
No kids here. Considerations for me to be mindful of?
You are their friends.
This. Activities are limited. Schools? Meh, maybe, maybe good, maybe bad. Depends on the teacher, because there is only 1 for 2nd grade. Think your kids can't get into trouble in the country? Think again.
Posted on 10/12/23 at 3:32 pm to Thundercles
quote:She's gonna tell you:
quote:
Have you ever lived in a really rural area with your children?
No kids here. Considerations for me to be mindful of?
- Schools are worse
- Kids activities will keep you on the road alot longer
- Takes forever to get where you need to go
- Shopping, food, nothing is convenient anymore
- may not escape the poverty/crime of the city
While those may be some of the cons, it just depends on where you look. I would say move "country close"...look for land / homes just past the last heavily developed exit of the interstate / big highway
- I found a place that was just another 10 minutes out and I can shoot, ride ATV's, whatever with no-one breathing down my neck. I have teenagers and they don't mind it.
I could never live in suburbia again.
Posted on 10/12/23 at 4:11 pm to Broke
quote:
Broke
Charlie Roussel, that you baw?
Posted on 10/12/23 at 4:33 pm to The Third Leg
quote:Well yeah. That’s the part that’s left out of these types of conversations. There isn’t a housing shortage, there’s less and less neighborhoods in which people want to live. If that problem were addressed, housing costs and shortages would drop also.
That map zone you posted is a really shitty part of town. Extremely high crime.
Posted on 10/12/23 at 5:01 pm to Blakesfav
quote:
My son just bought a cool place in downtown Carrollton. He's single, young, and it's perfect. Got a big yard, and a house built in the late 50s that's been redone. It's worth looking in that area.
Does he feel safe there? I have been to the redone area of Carrolton for dinner but have no idea what the neighborhoods are like around there?
Posted on 10/12/23 at 5:17 pm to Broke
quote:
Get your house in order and save like a fricking lunatic because this is going to get worse.
If inflation is continuing the devaluation of a dollar, then why do I want to save and see my $3.00 slowly degrade in relative value?
Posted on 10/12/23 at 10:29 pm to JTM72
quote:
How is that the answer? Do couples in which both parties work not bring in more money than a single person, typically?
Wife = less money
I don’t care how much money she makes. She will either spend it or convince you into life choices where it is spent
Children = no money
Self-explanatory
Posted on 10/12/23 at 10:52 pm to alajones
That problem will never be addressed in today’s climate. We’ll just keep pretending it’s ideal to live 45-1.5 hr from work and shite to do.
Posted on 10/12/23 at 11:10 pm to alajones
quote:
There isn’t a housing shortage, there’s less and less neighborhoods in which people want to live. If that problem were addressed, housing costs and shortages would drop also.
My theory is that the places that people DO (or rather did) want to live have been rapidly gobbled up by STR operators over the last 10 years. So in the "nice" parts of town, a huge chunk of the housing units are no longer a part of the full time resident market.
This post was edited on 10/12/23 at 11:12 pm
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