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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/18/23 at 10:23 am to Crawdaddy
Posted on 10/18/23 at 10:23 am to Crawdaddy
quote:
Problem is these young kids want a 300-400K home
Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.
9
Posted on 10/18/23 at 10:24 am to MikeyWM97
You can’t find a $300k home in a major metro area where the jobs are
Posted on 10/18/23 at 10:26 am to MikeyWM97
quote:
Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.
Anything under about $200k here in Louisville is going to be in a high crime area. For instance, Longfield (not far from Churchill Downs) has long been considered the most dangerous street in Louisville. This house there is $122,000.
It shouldn’t be an unreasonable expectation for a family to live in an area of town where it’s at least moderately safe. You’re spending at least $250 to $300 to be able to do that. And most young families are not going to be able to afford that.
This post was edited on 10/18/23 at 10:30 am
Posted on 10/18/23 at 10:27 am to MikeyWM97
quote:fify
Exactly, I see it all the time. These kids want the same house their boomer parents live in, but have no idea the years of work kicking the proverbial can down the road it took to get there.
Posted on 10/18/23 at 10:30 am to MikeyWM97
quote:
These kids want the same house their parents live in, but have no idea the years of work it took to get there.
Muh lazy generation argument is lazy.
Posted on 10/18/23 at 11:29 am to MikeyWM97
quote:
These kids want the same house their parents live in, but have no idea the years of work it took to get there.
Brother, our parents houses cost like $100k
Posted on 10/18/23 at 11:39 am to MikeyWM97
quote:
quote:
Problem is these young kids want a 300-400K home
Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.
I have an idea. Let's Gaza everyone over 65 and it would solve the housing crisis among lots of other issues.
Posted on 10/18/23 at 12:21 pm to MikeyWM97
quote:
These kids want the same house their parents live in
These kids want to keep up with their peers and don’t realize their peers’ parents made the down payment and closing costs for them. May even pay their ins and taxes just to help get them on their own.
Posted on 10/18/23 at 2:13 pm to MikeyWM97
quote:
Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.
They also want trendy cool locations and think they are entitled to that. This is on the parents for babying them and not teaching them the value of work and money.
Posted on 10/19/23 at 2:25 pm to MikeyWM97
quote:
Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.
Moron. Most of these parents bought that house when they were the age these kids are now.
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