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Started By
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re: 1955 house ad: $7450 for 3B 1B
Posted on 3/23/25 at 11:05 am to DrrTiger
Posted on 3/23/25 at 11:05 am to DrrTiger
quote:
That’s what millennials expect just for their walk-in closets.
I think you’d be surprised how many first time home buyers would be willing to buy a sub 1,000 sf house if they were available
2
Posted on 3/23/25 at 11:12 am to fareplay
quote:
1955 house ad: $7450 for 3B 1B
That's funny. In 2024 I bought a 3B 1B house built in 1955 for $230k.
frickin boomers, man.
Posted on 3/23/25 at 11:20 am to fareplay
I paid $39k for my first house, sold it 4 years later for $51k.
When my parents died, we sold their house for $24k.
When my parents died, we sold their house for $24k.
Posted on 3/23/25 at 11:22 am to fareplay
The first house I owned was west of West Monroe. In 1966, we paid $15,000 - three BR, two Baths, single car carport, but on about a half acre of land.
Posted on 3/23/25 at 11:25 am to Oilfieldbiology
quote:
I think you’d be surprised how many first time home buyers would be willing to buy a sub 1,000 sf house if they were available
They are available, just not in cozy safe areas young folks expect to live now. As I’ve said before, I’m gen x, most of the ones I knew including myself lived in shitty areas our first decade out of the house. Fwiw, most millennials I know own a home. We are past millennials now into a new generation
Posted on 3/23/25 at 11:27 am to fareplay
I remember when I was in college in 92 my grandfather asked me how much my was my apartment rent. Told him $400 a month. He said what you living in a goddamn mansion. My house note was only $176 a month.
This post was edited on 3/23/25 at 11:28 am
Posted on 3/23/25 at 11:28 am to fareplay
quote:Actually your link says the 3 bedroom, one bath version of that house was $7,900 not $7,450.
1955 house ad: $7450 for 3B 1B
Don't forget in 1955 the minimum wage was 75 cents/hour.
Posted on 3/23/25 at 11:30 am to LSURussian
People need to educate themselves on the travesty of the federal reserve and our perpetual inflation resulting from same. All these issues stem from the federal reserve being created and then not following their supposed mandates. Inflation is great for governments and bankers but terrible for the citizens. Quietly stealing their wealth.
Posted on 3/23/25 at 11:34 am to fareplay
1st house was in Duluth GA. $84k for a 3/2 with a double garage on a half acre. Payment was less than rent, $550 ish. As a NOLA westbanker, I was impressed to get a lot that big.
Posted on 3/23/25 at 11:35 am to fareplay
That’s hard to believe now…however, minimum wage was only $.75 per hour in 1955 and a whole lot of folks earned minimum wage back then.
This post was edited on 3/23/25 at 11:39 am
Posted on 3/23/25 at 11:36 am to TigerDog83
Which is worse for "the citizens," inflation or deflation?
Posted on 3/23/25 at 11:39 am to TigerDog83
quote:
People need to educate themselves on the travesty of the federal reserve and our perpetual inflation resulting from same. All these issues stem from the federal reserve being created and then not following their supposed mandates. Inflation is great for governments and bankers but terrible for the citizens. Quietly stealing their wealth.
Come on! Stop bringing the real problem to the spotlight. It’s far easier for young people to blame boomers for all the economic issues we face today.
Woodrow Wilson quote after signing the Federal Act of 1917:
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit."
Posted on 3/23/25 at 11:40 am to fareplay
First house 1982 in Youngsville. 55,000 and 15% interest. Big time baybee!
Posted on 3/23/25 at 11:41 am to WestCoastAg
It's the $8 latte they are addicted to.
Posted on 3/23/25 at 11:44 am to LSURussian
Do you buy things on sale? Deflation isn’t necessarily a bad thing, especially to savers. Saving leads to productivity increases.
Posted on 3/23/25 at 11:44 am to fareplay
quote:
LINK /
$48 a month…
How much was y’all’s first house boomers? Kinda crazy this is a mortgage now.
My first house was a single 6 room shotgun in the Lower 9th Ward that I bought in 74. It was a whopping $9,200 and I had it set up to include my homeowner's insurance with the mortgage payment for $75 a month.
It sat slightly off center on a 35 ft. wide by 150 ft. long lot. It needed work and I knew how to do it and am a strong believer in "Sweat Equity".
Posted on 3/23/25 at 11:45 am to TigerintheNO
quote:We bought my parents’ house from their estate after the last of them to die did so in 1993.
Within a few years of selling the house, it had an massive oak tree fall across it, then caught on fire.
My parents had it for ten years before all of that and never had an issue with it.
Had a house fire, then a burglary, we moved out in January of 2000, the next guy got Katrina floodwater in it and oak trees through the roof.
Posted on 3/23/25 at 11:54 am to fareplay
My parents bought the house I grew up in for 7,000 in 1960. I was born in ‘61. In ‘68 they put an “addition” to the house for an additional 11K. So, 18k for about a half a million sq feet lol.
Posted on 3/23/25 at 11:56 am to fareplay
This is for a manufactured home without the lot.
Posted on 3/23/25 at 11:56 am to TigerDog83
quote:Then you don't know what deflation means.
Deflation isn’t necessarily a bad thing
It doesn't mean "things" are on sale. It means that generally all assets lose value.
A deflationary spiral caused the 1929-1939 "Great Depression."
It caused 8 financial panics in the 1800's.
It means no bank wants to lend money for any reason because the bank fears its collateral for the loan will become worth less than the loan balance.
Credit freezes up.
Banks fail because of bad loan write downs.
Job creation stops because nobody is willing to spend money on expanding housing, plants and equipment because those things will be worth less tomorrow so builders wait.
Unemployment skyrockets.
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