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Started By
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1955 house ad: $7450 for 3B 1B
Posted on 3/23/25 at 10:24 am
Posted on 3/23/25 at 10:24 am
51
Posted on 3/23/25 at 10:30 am to fareplay
Closing cost $165?! F that!
Posted on 3/23/25 at 10:33 am to fareplay
I’ll take 5
Posted on 3/23/25 at 10:35 am to fareplay
What is that, about 900 square feet?
That’s what millennials expect just for their walk-in closets.
That’s what millennials expect just for their walk-in closets.
Posted on 3/23/25 at 10:37 am to fareplay
I thought it was gonna show how much it is now. Instead of watching a music video.
Posted on 3/23/25 at 10:38 am to fareplay
First house, 1997... 2 bedroom, one bath. 1140 Square feet.. $117 K. House note was $780 a month. Sold it in 2010 for $180, guy I sold it to just sold it for $235.
Posted on 3/23/25 at 10:38 am to fareplay
Importing people faster than you can birth them requires more housing.
Posted on 3/23/25 at 10:39 am to fareplay
1st house I bought cost $87K (1998) sold it for $115K (2002). The couple I bought had it from only lived there 6 years bought it for $55K. One story 3 br/2b in Algiers.
Within a few years of selling the house, it had an massive oak tree fall across it, then caught on fire.
Within a few years of selling the house, it had an massive oak tree fall across it, then caught on fire.
Posted on 3/23/25 at 10:40 am to fareplay
Equivalent of about a $570 mortgage today.
Posted on 3/23/25 at 10:40 am to fareplay
Interest rate was down to 10% and we were glad to get it. Total payment on a $125000 mortgage was $1151.00.
Posted on 3/23/25 at 10:40 am to fareplay
If only the millennials and gen Zers would stop buying avocado toasts, they could afford a home like I could in 1955. They are just too selfish and lazy
Posted on 3/23/25 at 10:42 am to fareplay
I don’t think too many boomers bought houses in 1955
Posted on 3/23/25 at 10:44 am to fareplay
Boomers weren't buying houses in 1955. That's about when they were being born. The first house I bought was a fixer upper (all cosmetic) in a nice neighborhood for $75,000 in 1987. Still live in it, paid the mortgage off nearly 20 years ago.
Posted on 3/23/25 at 10:46 am to DrrTiger
quote:millennials needs to stop blaming others and do what I did. Mow lawns for a summer, save up $500, and make a down payment on a 3 bedroom home
That’s what millennials expect just for their walk-in closets.
This post was edited on 3/23/25 at 10:47 am
Posted on 3/23/25 at 10:46 am to fareplay
I asked AI a few questions about inflation relating to this and the answers were very interesting.
Adjusted for general inflation, $7,450 from 1955 equals about $88,950 today. But when indexed to housing cost increases alone, that same house would be worth $285,000; showing how steeply home prices have outstripped broader economic trends.
This strongly suggests why it’s tougher for young people today to achieve the dream of a spouse, two kids, and a home.
Adjusted for general inflation, $7,450 from 1955 equals about $88,950 today. But when indexed to housing cost increases alone, that same house would be worth $285,000; showing how steeply home prices have outstripped broader economic trends.
This strongly suggests why it’s tougher for young people today to achieve the dream of a spouse, two kids, and a home.
Posted on 3/23/25 at 10:50 am to WestCoastAg
quote:
millennials needs to stop blaming others and do what I did. Mow lawns for a summer, save up $500, and make a down payment on a 3 bedroom home
Impossible.
Whining is built into the millennial DNA and there’s no way they’d be content with just 3 bedrooms.
Posted on 3/23/25 at 10:53 am to fareplay
$7500 in 1955 is about $90k today.
Posted on 3/23/25 at 10:55 am to fareplay
quote:
1955 house ad: $7450 for 3B 1B
quote:
How much was y’all’s first house boomers? Kinda crazy this is a mortgage now
I’m a Boomer and I wasn’t born until 5 years after 1955. lol
First house I bought was in North Dallas in 1986 for $145,000. It was a 3 BD, 2 BA 1620 sq ft.
I graduated from LSU in 1982. Saved $25, 000 in 4 years, after graduation, working 60 hours a week for a down payment.
This post was edited on 3/23/25 at 11:02 am
Posted on 3/23/25 at 11:01 am to DrrTiger
quote:
What is that, about 900 square feet?
That’s what millennials expect just for their walk-in closets
That's the part people never talk about-
People today refuse to live like they did in the 1950s. Now people want massive closets, bathrooms that look like something out of a Roman palace, mud rooms, three car garages and 3200 square feet.
A middle class three bedroom home in 1955 is completely unrecognizable to a middle class three bedroom home today.
Posted on 3/23/25 at 11:02 am to fareplay
1st was a HUD repossession, bought for $28k (1988), $7,500 in repairs with me doing all the labor, lived there for 5 years and sold for $65k.
3br 1.5 baths and in a decent working class neighborhood.
3br 1.5 baths and in a decent working class neighborhood.
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