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Posted on 3/23/25 at 11:59 am to fareplay
I think my Dad paid $8000 for our house in Pollard Estates . We were one of the first ten houses in the subdivision in 1956.
Posted on 3/23/25 at 12:04 pm to DrrTiger
quote:
That’s what millennials expect just for their walk-in closets.
Do they though really?
Posted on 3/23/25 at 12:08 pm to fareplay
First home: $65k in 1996, 3BR/2baths 1400 sq. feet on 1.5 acres. Sold in 2001 for $80k with zero improvements.
Second home: $205k in 2002, 4BR/2.5baths 3400 sq. feet on 4 acres. Sold in 2021 for $325k after divorce.
Third and current home: $87.5k in 2022, 3BR/1bath 1050 sq. feet on 1.3 acres. Plan to die here.
Second home: $205k in 2002, 4BR/2.5baths 3400 sq. feet on 4 acres. Sold in 2021 for $325k after divorce.
Third and current home: $87.5k in 2022, 3BR/1bath 1050 sq. feet on 1.3 acres. Plan to die here.
Posted on 3/23/25 at 12:09 pm to fareplay
I'm a Millennial. First house was bank owned with water and mold damage.
$140k. 4 bedroom townhouse.
Spent 2 months of nights and weekends gutting drywall, fixing the roof, replacing pipes that leaked.
Flipped it, then bought an actual house.
Flipped that (mostly due to the market spiking) and bought the current house.
Very happy with the current house. 4 BR, quiet suburban <2k Sqft small yard, good neighborhood.
$140k. 4 bedroom townhouse.
Spent 2 months of nights and weekends gutting drywall, fixing the roof, replacing pipes that leaked.
Flipped it, then bought an actual house.
Flipped that (mostly due to the market spiking) and bought the current house.
Very happy with the current house. 4 BR, quiet suburban <2k Sqft small yard, good neighborhood.
Posted on 3/23/25 at 12:26 pm to fareplay
Income of Persons in the United States: 1955
November 1956
Report Number: P60-23
The average income of men reached a new record level in 1955, according to estimates released today by the Bureau of the Census,Department of Commerce. The average (median) income of men was $3,400 in 1955, a gain of about $160 over the previous year. Increased wage rates together with greater regularity of employment in 1955 largely accounted for this substantial rise.
Among women, the average (median) income in 1955 was $1,100, about the same as it had been in the preceding three years.
LINK
November 1956
Report Number: P60-23
The average income of men reached a new record level in 1955, according to estimates released today by the Bureau of the Census,Department of Commerce. The average (median) income of men was $3,400 in 1955, a gain of about $160 over the previous year. Increased wage rates together with greater regularity of employment in 1955 largely accounted for this substantial rise.
Among women, the average (median) income in 1955 was $1,100, about the same as it had been in the preceding three years.
LINK
Posted on 3/23/25 at 12:37 pm to Harry Boutte
quote:
The average (median)
Wrong
Posted on 3/23/25 at 12:39 pm to icecreamsnowball
Millennial here. Bought my first house for $626K. Live comfortably.
No complaints. Figure it out, Millennials.
No complaints. Figure it out, Millennials.
Posted on 3/23/25 at 12:41 pm to icecreamsnowball
Posted on 3/23/25 at 12:43 pm to DrrTiger
quote:You are responding to a bitch who is crying through sarcasm.
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 12:50 pm to Jake88
I'm not crying. I put the hard work in one summer and was able to buy a house that is now worth 800k. If millenials did the same instead of buying lattes, they would be in the same postion as me
Posted on 3/23/25 at 12:51 pm to Tammany Tom
quote:
Inflation is great for governments and bankers but terrible for the citizens.
Inflation is good for all borrowers...of course the US government is the biggest borrower.
Posted on 3/23/25 at 12:51 pm to wadewilson
quote:
frickin boomers, man.
When you younger generations finally have all the money and are sitting at death’s door there will be the next generations bitching about how badly y’all fricked everything up. Mike and the Mechanics made money singing about it.
Posted on 3/23/25 at 12:51 pm to Spankum
I think my dad made 50 dollars a week then. I started working on a farm on 1971 for a dollar an hour at the age of 14.
First house 2/1 for 55k in 1983. 13.25 interest rate with negative amortization
First house 2/1 for 55k in 1983. 13.25 interest rate with negative amortization
Posted on 3/23/25 at 12:52 pm to LSUBFA83
That’s how you do it.
Posted on 3/23/25 at 12:53 pm to WestCoastAg
You're crying and envious as hell.
This post was edited on 3/23/25 at 12:54 pm
Posted on 3/23/25 at 12:53 pm to fareplay
The US Dollar today is worth about one-tenth of what it was worth in 1955. Maybe even less.
Posted on 3/23/25 at 2:06 pm to ClientNumber9
quote:
A middle class three bedroom home in 1955 is completely unrecognizable to a middle class three bedroom home today.
Because the 1955 house is in the ghetto and people get murdered on the front lawn.
There is no “affordable starter housing” in 2025 that doesn’t include murder, rape, and theft.
Posted on 3/23/25 at 2:13 pm to The Boat
quote:
There is no “affordable starter housing” in 2025 that doesn’t include murder, rape, and theft.
There is, but it’s a single wide in the sticks on a half acre lot.
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