- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Baffled as to how single people afford houses currently
Posted on 10/13/23 at 1:34 am to Thundercles
Posted on 10/13/23 at 1:34 am to Thundercles
Be single. Save. Work hard.
Don’t spend on silly stuff.
Get house.
Easy.
Don’t spend on silly stuff.
Get house.
Easy.
1
Posted on 10/13/23 at 1:55 am to Thundercles
In 2019, I bought a 2 bedroom house in Iowa for 90k at 3.2 interest rate. I made 40k a year at the time. I make 55k now and could probably sell it for almost 120k. I used my VA loan so I didn't have to put a down payment on it. I pulled the trigger at the right before this covid shite made the housing market ridiculous. Paying a set mortgage payment feels a lot better than throwing probably more money away on rent you never get any equity from. I can swing it on my income, no kids and live fairly frugal.
Posted on 10/13/23 at 4:05 am to CatfishJohn
quote:
We have to put restrictions on corporate entities buying single family homes.
So many communists on this site that want to interfere with the free market.
I'm also tired of all of you poor people crying about how you can't afford this or that. Work harder and make more money.
Posted on 10/13/23 at 5:58 am to Thundercles
Sorry you’re poor.
Posted on 10/13/23 at 6:04 am to theunknownknight
Very elegant and accurate
Posted on 10/13/23 at 6:39 am to Motownsix
Go be a plumber or an electrician and laugh at the college grads that can’t afford a house.
Posted on 10/13/23 at 7:12 am to The Third Leg
quote:
Without the influx of labor, inflation will keep running wild as more and more boomers fall out of the workforce.
I don’t think you understand how inflation works.
Posted on 10/13/23 at 7:14 am to Thundercles
Well being a single parent I’d never live in Dallas for starters, but if I moved out further west, I’d buy in Terrell/Mesquite
Posted on 10/13/23 at 8:18 am to Grinder
quote:
I don’t think you understand how inflation works.
You think labor is not connected to inflation? Ok, we will agree to disagree.
Posted on 10/13/23 at 8:19 am to lsucoonass
quote:
Well being a single parent I’d never live in Dallas for starters, but if I moved out further west, I’d buy in Terrell/Mesquite
Lol. First off, those places are dumps. Second, they’re east of Dallas.
Posted on 10/13/23 at 11:16 am to The Third Leg
But they may be west of where he lives.
Posted on 10/13/23 at 1:05 pm to GeauxTigers123
I enjoy reading these type of discussions. At least I am not alone in thinking everything has just gone looney toons.
I am a single dad in TX with 3 kids (full time) and a teacher/coach. With inflation, houses, etc. I don't foresee at this point any way I could ever purchase a house again. Live in a medium suburb and rent is still half my income.
If I could move back to LA, or several states besides TX I think it could be possible, all about cost of living. Teaching and Nursing jobs (and some others) are interesting because you make about the same $ anywhere, so if you are able to move you can either make life cheaper, or more expensive.
I think another huge issue- that is only growing- is that there is now an entire generation of 20-40 year olds, that even if they have a job are still supported financially by older parents- enabling them to live above their means. And in addition, most of that age group has kids now, also living above their means via the $ from grand and great grandparents. But soon, those people are going to die off, and the $ will dry up. And we are going to have a whole new problem on our hands.
I am a single dad in TX with 3 kids (full time) and a teacher/coach. With inflation, houses, etc. I don't foresee at this point any way I could ever purchase a house again. Live in a medium suburb and rent is still half my income.
If I could move back to LA, or several states besides TX I think it could be possible, all about cost of living. Teaching and Nursing jobs (and some others) are interesting because you make about the same $ anywhere, so if you are able to move you can either make life cheaper, or more expensive.
I think another huge issue- that is only growing- is that there is now an entire generation of 20-40 year olds, that even if they have a job are still supported financially by older parents- enabling them to live above their means. And in addition, most of that age group has kids now, also living above their means via the $ from grand and great grandparents. But soon, those people are going to die off, and the $ will dry up. And we are going to have a whole new problem on our hands.
Posted on 10/13/23 at 1:25 pm to The Third Leg
quote:
You think labor is not connected to inflation? Ok, we will agree to disagree.
He’s a dumbass if he doesn’t think that labor is a big part of inflation
Posted on 10/13/23 at 1:35 pm to Thundercles
Dual income is how we are making it with a kid. We are also really good with our money, very conscious how we spend. I had to learn how to do that though. Wife is still learning.
Posted on 10/13/23 at 1:38 pm to Thundercles
Quit bitching. Spending 60% of your gross income on a starter home in a decaying suburban hellscape is awesome and you are lucky. In my day we had to walk through 5 feet of snow and had 10% interest rates and we made 4.25 an hour and had to wake up a half hour before we went to bed to make it to work. You are so soft.
Posted on 10/13/23 at 4:31 pm to Sheep
quote:
Seems like we've had multiple opportunies to raise them post-2008 housing crash and nobody did it then, either.
So - who dropped the ball, perfesser?
I personally would have raised them a little. But I saw no economy that was superheated enough to raise them at a rate that they are being raised right now. Right now raising them is just fricking stupid. And it's clearly not working. Anyone with a car or a stomach can tell you it's not working.
Posted on 10/13/23 at 4:42 pm to Thundercles
Average of $70K doesn’t mean anything in this context. 6 figures is pretty common nowadays. The average is drug down by the lower income.
Posted on 10/13/23 at 5:38 pm to MississippiTigerGirl
quote:
Be single. Save. Work hard. Don’t spend on silly stuff. Get house. Easy.
All else equal as it has been historically, and I would agree.
But because our fiat money supply has been f*cked with hardcore, with WAYYY too much of it “printed”, your algorithm is no longer as efficient and straightforward as it used to be.
Posted on 10/13/23 at 7:07 pm to Thundercles
I am newly single and can afford one. Future child support may change that.
I think it all depends on where you live and where you look. My mortgage is cheaper than most apartments rent for in my neck of the woods.
I think it all depends on where you live and where you look. My mortgage is cheaper than most apartments rent for in my neck of the woods.
Posted on 10/13/23 at 7:10 pm to TexasTiger08
Didn’t you inherit your house 
Page 5 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News