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Started By
Message
Are single family homes for the rich?
Posted on 3/6/24 at 1:36 pm
Posted on 3/6/24 at 1:36 pm
Simple question, I’m not super old so not sure what income demographic was back when, but an article I found said home owners have double the median income vs median income of the US. Was this always the case where single family homes are meant for the top 25% of society?
6
Posted on 3/6/24 at 1:38 pm to fareplay
Location Location Location
Okay with living in the hood? Answer
is no.
Want to live in an safe affluent suburb? Answer is yes.
Okay with living in the hood? Answer
is no.
Want to live in an safe affluent suburb? Answer is yes.
Posted on 3/6/24 at 1:39 pm to Bugsy Siegel
Within an hour from work would be nice
Posted on 3/6/24 at 1:40 pm to fareplay
quote:
Within an hour from work would be nice
Plenty of places you can live an hour from work and afford a single family home, while not being rich.
Posted on 3/6/24 at 1:40 pm to fareplay
Said Mr supposedly top 1% income person. frick off wit your du threads
Posted on 3/6/24 at 1:41 pm to LNCHBOX
He’s just very fortunate
This post was edited on 3/6/24 at 1:42 pm
Posted on 3/6/24 at 1:41 pm to fareplay
you started this thread just so you can pretend to live in Bellevue again, didn't you?
Posted on 3/6/24 at 1:42 pm to fareplay
This has only become an issue in this thriving economy that we have under Biden. He’ll be happy to tell you how great the economy is now, and how he’s fixed everything that Trump screwed up.
Posted on 3/6/24 at 1:44 pm to Salmon
quote:
you started this thread just so you can pretend to live in Bellevue again, didn't you?
$1M/yr really isn't very much
Posted on 3/6/24 at 1:45 pm to Dawgfanman
If you look at distribution of jobs it’s mainly core cities with suburbs being still very expensive (esp commuting costs). Something isn’t right with homeownership here
Posted on 3/6/24 at 1:49 pm to fareplay
quote:
If you look at distribution of jobs it’s mainly core cities with suburbs being still very expensive (esp commuting costs). Something isn’t right with homeownership here
In metro Atlanta, a non rich family can certainly afford a single family home within a 1 hour commute of work. Even in a decent school district.
Posted on 3/6/24 at 1:53 pm to Dawgfanman
quote:
In metro Atlanta, a non rich family can certainly afford a single family home within a 1 hour commute of work. Even in a decent school district.
You can make a lot of money and not be rich now a days.
Posted on 3/6/24 at 1:56 pm to fareplay
quote:
Something isn’t right with homeownership here
Looks like a poor is angry about their poor financial decisions again.
Posted on 3/6/24 at 1:59 pm to fareplay
quote:
Was this always the case where single family homes are meant for the top 25% of society?
What is this “meant” business of which you ask? The product costs a certain amount and those who can afford it and want it will buy it. If you want to discuss why it costs what it costs or why certain people can or can’t afford it, fine. Otherwise, why are you suggesting there’s a purpose or motivation behind the relative costs and incomes?
Posted on 3/6/24 at 2:34 pm to fareplay
If you own 2-3 houses outright sure.
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