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Message
re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/19/23 at 6:48 am to dcrews
Posted on 10/19/23 at 6:48 am to dcrews
quote:
The younger generations are just lazy....
Really grinds my gears. I work with some young people who are real hustlers, and I feel bad for them.
0
Posted on 10/19/23 at 7:04 am to meansonny
Lawrenceville is not a ‘central business district’ unless its moved to Downtown, Midtown, Buckhead, Cumberland, or Perimeter Center.
Again, we’re no longer in the 80s and 90s. I know how starter homes worked and where they were traditionally built.
Developers just aren’t building them at the same pace they used to. Here’s a few articles on the subject.
Business Insider
Realtor.com
NY Post
These are the <$250k homes for sale in the east Atlanta metro which includes this steal for $230k.
LINK
Where are those starter homes again.. Athens?
Again, we’re no longer in the 80s and 90s. I know how starter homes worked and where they were traditionally built.
Developers just aren’t building them at the same pace they used to. Here’s a few articles on the subject.
Business Insider
Realtor.com
NY Post
These are the <$250k homes for sale in the east Atlanta metro which includes this steal for $230k.
LINK
Where are those starter homes again.. Athens?
This post was edited on 10/19/23 at 7:10 am
Posted on 10/19/23 at 7:18 am to GeorgeReymond
Lawrenceville isn't a central business district?
There are 1M people living in the county.
The school system alone employs over 20,000 people.
There is enough industry in a county of 1M people just to service the needs of that 1M people to qualify as a central business district.
Athens is also a central business district for what it is worth.
The smaller the business district, the less you have to travel to find the starter homes.
But the fact remains, you aren't buying a starter home in one of those districts.
Your first map showing homes on the Southside of Atlanta is interesting. The cost per square foot is unbelievably different than the northern suburbs.
If distance to work is important, those are the types of sacrifices that one must make to hit their pricepoints.
There are 1M people living in the county.
The school system alone employs over 20,000 people.
There is enough industry in a county of 1M people just to service the needs of that 1M people to qualify as a central business district.
Athens is also a central business district for what it is worth.
The smaller the business district, the less you have to travel to find the starter homes.
But the fact remains, you aren't buying a starter home in one of those districts.
Your first map showing homes on the Southside of Atlanta is interesting. The cost per square foot is unbelievably different than the northern suburbs.
If distance to work is important, those are the types of sacrifices that one must make to hit their pricepoints.
Posted on 10/19/23 at 7:27 am to GeorgeReymond
This is the problem. Or a giant chunk of it.
Posted on 10/19/23 at 7:28 am to GeorgeReymond
quote:
Developers just aren’t building them at the same pace they used to
This as well. Why build a sub-200k home when you can build 350k homes?
Posted on 10/19/23 at 7:39 am to H2O Tiger
quote:
I'm in Austin which has been one of the most expensive real estate markets in the past few years and you can still get single family homes for $300k in neighboring Buda, 20 minutes from downtown.
Not every house needs granite countertops, stainless steel appliances and smart home hubs.
Buda is 45 minutes from downtown with traffic, not 20 minutes. And the is ONE single family home in Buda under 300k. It's 3br/1ba, 900 square feet, and it's a dump. There are other single families outside of town around 300k, but you are commuting 2 hours/day if you work in Austin.
Why is it so hard for boomers to admit that things are tough right now?
Posted on 10/19/23 at 7:44 am to meansonny
Lawrenceville has a population of ~30k. People aren’t commuting across Atlanta to work in Lawrenceville.
The majority of people work in other parts of Atlanta and commute home to Lawrenceville. Hence why northbound traffic is bad on 85 at 5pm.
Unless you’re a doctor, waiter, etc. that exists to produce goods & services needed for the metro workers that live in Lawrenceville.
But I do agree
The majority of people work in other parts of Atlanta and commute home to Lawrenceville. Hence why northbound traffic is bad on 85 at 5pm.
Unless you’re a doctor, waiter, etc. that exists to produce goods & services needed for the metro workers that live in Lawrenceville.
But I do agree
This post was edited on 10/19/23 at 7:47 am
Posted on 10/19/23 at 7:45 am to Buryl
quote:
Why is it so hard for boomers to admit that things are tough right now?
They think (wrongly) that it devalues their life and hard work. No one is saying that they didn't have to put effort into things. They had a big leg up that simply doesn't exist anymore.
This post was edited on 10/19/23 at 7:47 am
Posted on 10/19/23 at 7:46 am to GeorgeReymond
This board would be way more fun if you could see everyone’s salary below their screen name.
This post was edited on 10/19/23 at 7:46 am
Posted on 10/19/23 at 7:47 am to GeorgeTheGreek
quote:
if you could see everyone’s salary below their screen name.
My salary is $0
One day I will get a raise
Posted on 10/19/23 at 7:48 am to GeorgeTheGreek
I agree
Posted on 10/19/23 at 7:51 am to Dire Wolf
quote:
sure i can buy a 200k house in the most violent corners of the Houston metro
Let’s do it! We can be neighbors. Maybe we can band together and extend our lifetime by a few weeks.
Posted on 10/19/23 at 7:53 am to stout
quote:
My salary is $0
Mine is about to be the same.
Well I'll work one day a week, so I'll be bringing in a whopping 700 bucks every 2 weeks or so.
Posted on 10/19/23 at 7:54 am to beaverfever
The median sale price in my neighborhood has dropped 18% this year according to redfin. So that's good news. Median sale price is now 500k. That's not so good seeing as the vast majority of these are all 1500 sq feet starter homes built in the early 90's. (I bought for 210k in 2015).
This post was edited on 10/19/23 at 7:57 am
Posted on 10/19/23 at 7:56 am to Eric Nies Grind Time
quote:
That's not so good seeing as the vast majority of these are all 1500 sq feet starter homes built in the early 90's.
I remember renting a 3/2 1,200 sq ft starter home 10 years ago for like $800/month. I think it sold around the same time for like $100,000. Take me back to those times.
Posted on 10/19/23 at 8:02 am to EarlyCuyler3
quote:
This is the problem. Or a giant chunk of it.
This is what happens when your elected officials double down on far-left, Keynesian economic policies.
Since 2008, we have been overprinting our currency and as a result we are experiencing borderline hyperinflation.
Posted on 10/19/23 at 8:04 am to Antonio Moss
quote:
hyperinflation
Posted on 10/19/23 at 8:05 am to GeorgeReymond
You're going to get into a semantics argument about city limits versus postal address?
Lawrenceville is the county seat of gwinnett county.
The county houses 2 major hospitals.
Industry is serviced through the rail lines, local Airport, and highways.
4 Fortune 500 companies are headquartered in gwinnett county.
Lawrenceville is the county seat of gwinnett county.
The county houses 2 major hospitals.
Industry is serviced through the rail lines, local Airport, and highways.
4 Fortune 500 companies are headquartered in gwinnett county.
Posted on 10/19/23 at 8:07 am to GeorgeReymond
And Gwinnett County is basically a clone of Cobb County. It isn't unique.
You have to escape those business districts if you want to find a first time home.
You have to escape those business districts if you want to find a first time home.
Posted on 10/19/23 at 8:12 am to Crawdaddy
quote:
There are plenty of 175K homes out there
Lol.
No.
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