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The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.
Posted on 3/12/25 at 6:25 pm
Posted on 3/12/25 at 6:25 pm
It is very dangerous for the upper and upper middle classes to be so self absorbed as to be oblivious to the fate of the majority of the population.
The trade debate and the "free traders" are the quintessential example of such reckless indifference.
Let them learn from history's examples,
The trade debate and the "free traders" are the quintessential example of such reckless indifference.
Let them learn from history's examples,
This post was edited on 3/12/25 at 7:16 pm
53
Posted on 3/12/25 at 6:26 pm to RiverCityTider
There a lot of mansions in this country. One day poor people will just take them
Posted on 3/12/25 at 6:31 pm to RiverCityTider
This generation is going to have to learn to suffer and save.
Not a new concept.
My first home after marriage in 1979 was a fixed 30 year at 13.4% interest 30% down.
We got through it small flat roof to save money on construction and small bedrooms on large lot compared to today.
Suffering in an honest debt builds a family.
Not a new concept.
My first home after marriage in 1979 was a fixed 30 year at 13.4% interest 30% down.
We got through it small flat roof to save money on construction and small bedrooms on large lot compared to today.
Suffering in an honest debt builds a family.
Posted on 3/12/25 at 6:31 pm to RiverCityTider
Naw to the commie shite. Its a manufactured crisis, over 80% of America lives in urban areas and urban areas typically have dems as the local government. Their insane zoning restrictions make it impossible to build
A lot of major cities also require a chunk of new housing be dedicated toward people who cannot afford to live there, which drives up the cost for those who can
Get rid of the stupid rules, let developers build, prices will fall
A lot of major cities also require a chunk of new housing be dedicated toward people who cannot afford to live there, which drives up the cost for those who can
Get rid of the stupid rules, let developers build, prices will fall
Posted on 3/12/25 at 6:35 pm to RiverCityTider
quote:
The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.
More entitlements for the non workers will fix that right up!
Posted on 3/12/25 at 6:37 pm to RiverCityTider
Life is hard.
Posted on 3/12/25 at 6:37 pm to GeauxBurrow312
If I could upvote you twice, I would.
Posted on 3/12/25 at 6:38 pm to RiverCityTider
What’s keeping the prices up then? Somebody must be paying it.
Posted on 3/12/25 at 6:39 pm to GeauxBurrow312
All that former John Lewis district in Atlanta is what you are talking about. The democrats have kept this west Atlanta area zoned out for decades. Really you have slum areas within sight of the World Congress Center.
Posted on 3/12/25 at 6:41 pm to RiverCityTider
Home prices are horrible and on a bubble, but when they look at these averages are the factoring the income or lack there of of the 40% who don’t work and are on entitlement programs? Single parent households?
Posted on 3/12/25 at 6:42 pm to RiverCityTider
Thanks Obama
Posted on 3/12/25 at 6:51 pm to RiverCityTider
The problem is, people are not willing to start at the bottom and work their way up.
(#1) My first place was a small cheaply furnished apartment over a garage that I paid $90 a month for with water, gas and electricity.
(#2) Second place was a used manufactured home that I purchased under a lease to own. Paid it off in three years.
(#3) When I sold that I purchased a 3br home in a rapidly deteriorating part of town for $36k, at 8% interest on a owner financed deal.
(#4) Next was a house at $87k that had a two car garage, two bedrooms and two baths.
(#5) Next was a home at $165k, that had four bedrooms, 2.5 baths and 2 car garage.
(#6) then the home I'm in now has 4BR, a media room, two living areas, large designer kitchen, 3 car garage and a pool for $365k. That was in 2001.
The span of time was 26 years.
The problem is, nobody wants to start at #1 anymore. Everyone thinks they should be able to start at #5. They aren't willing to build their future by starting small and move up as their income moves up. They want it NOW! NOW! NOW!
(#1) My first place was a small cheaply furnished apartment over a garage that I paid $90 a month for with water, gas and electricity.
(#2) Second place was a used manufactured home that I purchased under a lease to own. Paid it off in three years.
(#3) When I sold that I purchased a 3br home in a rapidly deteriorating part of town for $36k, at 8% interest on a owner financed deal.
(#4) Next was a house at $87k that had a two car garage, two bedrooms and two baths.
(#5) Next was a home at $165k, that had four bedrooms, 2.5 baths and 2 car garage.
(#6) then the home I'm in now has 4BR, a media room, two living areas, large designer kitchen, 3 car garage and a pool for $365k. That was in 2001.
The span of time was 26 years.
The problem is, nobody wants to start at #1 anymore. Everyone thinks they should be able to start at #5. They aren't willing to build their future by starting small and move up as their income moves up. They want it NOW! NOW! NOW!
Posted on 3/12/25 at 6:53 pm to BarberitosDawg
quote:
This generation is going to have to learn to suffer and save. Not a new concept. My first home after marriage in 1979 was a fixed 30 year at 13.4% interest 30% down. We got through it small flat roof to save money on construction and small bedrooms on large lot compared to today. Suffering in an honest debt builds a family.
What you “went through” is not even close to what’s happening right now.
Posted on 3/12/25 at 6:53 pm to RiverCityTider
Stop corporations from buying up homes
Posted on 3/12/25 at 6:55 pm to HubbaBubba
quote:
The problem is, people are not willing to start at the bottom and work their way up.
quote:
That was in 2001.
The span of time was 26 years.
Whose going tell him?
Posted on 3/12/25 at 6:56 pm to BarberitosDawg
quote:
Suffering in an honest debt builds a family.
If we could just resist financing depreciating assets……like the 25 year old with his first job out of college driving a $80k truck with a $1,300 note.
You start off behind the chains.
Posted on 3/12/25 at 6:56 pm to HubbaBubba
quote:
(#1) My first place was a small cheaply furnished apartment over a garage that I paid $90 a month for with water, gas and electricity. (#2) Second place was a used manufactured home that I purchased under a lease to own. Paid it off in three years. (#3) When I sold that I purchased a 3br home in a rapidly deteriorating part of town for $36k, at 8% interest on a owner financed deal. (#4) Next was a house at $87k that had a two car garage, two bedrooms and two baths. (#5) Next was a home at $165k, that had four bedrooms, 2.5 baths and 2 car garage. (#6) then the home I'm in now has 4BR, a media room, two living areas, large designer kitchen, 3 car garage and a pool for $365k. That was in 2001.
Quadruple the cost of all of that and keep your wage the same. Your situation in 1975 would have you living absolute squalor right now.
Posted on 3/12/25 at 6:56 pm to Cuthbert13
I guess I will
This post was edited on 3/12/25 at 6:57 pm
Posted on 3/12/25 at 6:57 pm to Stonehenge
My neighbor to my left and behind me in a different development but we share part of our backyard, joined the Air Force 4 years ago and is now a maintainer. He came in at 32 as a prison guard in Connecticut. His wife is a dental hygienist.
They just bought a house for $532,000 with 3% down on a VA loan.
If this guy can do that there’s literally reason to feel bad for anyone.
There’s plenty of older homes for under $400k available in the general area in perfectly fine parts of town so this was a splurge.
They just bought a house for $532,000 with 3% down on a VA loan.
If this guy can do that there’s literally reason to feel bad for anyone.
There’s plenty of older homes for under $400k available in the general area in perfectly fine parts of town so this was a splurge.
Posted on 3/12/25 at 6:59 pm to RiverCityTider
What’s a medium income? Is that similar to what a psychic makes?
Oohhhh…. You meant median income (I think).
Oohhhh…. You meant median income (I think).
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