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Started By
Message
re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 3:59 pm to H2O Tiger
Posted on 5/24/23 at 3:59 pm to H2O Tiger
quote:
Boomers would say why work at Starbucks when you can build your own coffeeshop with your bare hands. Then you can work there 7 days a week and complain that nobody wants to work for $7.25 an hour
The lazy millennial should just figure out how to work 30 hours a day for 7 days a week and not complain about it.
0
Posted on 5/24/23 at 3:59 pm to meansonny
I bought my house in Austin. It is a very nice house and we had to pay a lot for it. Doesn't change the fact the housing market has gone nuts and for most people my age it is extremely difficult for them to buy.
Posted on 5/24/23 at 4:00 pm to H2O Tiger
quote:
That house that is listed for $305,000 today was sold for $125,000 10 years ago. Sold again for $175,000 in 2016.
The whole Austin area has been in a RE bubble for a decade now.
Austin as a city went out of its way to attract businesses and accelerate its growth. While I agree the price increase is crazy, you need to qualify it with why that sort of price increase in a short time has happened there.
Posted on 5/24/23 at 4:01 pm to pankReb
quote:
If boomers wouldn’t have selfishly stifled wages over the last few decades, they wouldn’t have had the sudden spike.
Lol
They spiked because the government paid people to stay home.
So businesses Jumpstarted their hiring with a significant increase in pay.
That has a trickle up effect. And that trickle up effect has a very very very long tail.
I live in the boonies. And waffle house is starting at $20/hour right now.
How much do you think that forces employers to pay for young professionals?
How much do you think that forces employers to pay their seasoned employees?
What do you think all of this does to the cost of goods and services?
Starting pays for high schoolers are still climbing (and that will continue the trend).
Posted on 5/24/23 at 4:01 pm to Jake88
quote:
They had to deal with war and the 1970s too.
Awwww….those poor, poor boomers. Maybe they’ll just take out all of their frustrations on the following generations by fricking up just about every aspect of life.
This post was edited on 5/24/23 at 4:02 pm
Posted on 5/24/23 at 4:02 pm to meansonny
quote:
They spiked because the government paid people to stay home. So businesses Jumpstarted their hiring with a significant increase in pay.
You mean the boomers?
Posted on 5/24/23 at 4:02 pm to stout
The prices that people have been paying here are crazy. We aren't the Bay Area or NYC that has geographic constraints. Austin can, and is, expanding out in different directions. They just can't build them fast enough so demand goes through the roof. Our neighbors paid more than $100k over asking for their house. Many first time buyers can't compete with that
Posted on 5/24/23 at 4:03 pm to H2O Tiger
quote:
Doesn't change the fact the housing market has gone nuts and for most people my age it is extremely difficult for them to buy.
You don't think there has been boom cycles in real estate before?
Of course you don't.
Posted on 5/24/23 at 4:05 pm to meansonny
quote:
You don't think there has been boom cycles in real estate before?
Many of them don't understand how suburbs started in the first place. It was previous RE booms that drove the demand for suburbs. People couldn't afford the city so the burbs become the only option.
Posted on 5/24/23 at 4:06 pm to pankReb
Did your grandfather molest you?
Posted on 5/24/23 at 4:06 pm to stout
quote:
Many of them don't understand how suburbs started in the first place. It was previous RE booms that drove the demand for suburbs. People couldn't afford the city so the burbs become the only option.
That's not exactly correct.
Posted on 5/24/23 at 4:07 pm to pankReb
quote:Cry some more brat.
Awwww….those poor, poor boomers. Maybe they’ll just take out all of their frustrations on the following generations by fricking up just about every aspect of life.
If there's one thing everyone can hardly wait for it's is millennial leadership.
This post was edited on 5/24/23 at 4:08 pm
Posted on 5/24/23 at 4:07 pm to stout
Paid $430,000 for my house in Provo.
Went 25k over asking in 2021.
All my Mormon neighbors took me for a dildo interloper from California.
In actuality I’m a dildo interloper from New Orleans.
But a dildo who owns a home nevertheless.
Went 25k over asking in 2021.
All my Mormon neighbors took me for a dildo interloper from California.
In actuality I’m a dildo interloper from New Orleans.
But a dildo who owns a home nevertheless.
Posted on 5/24/23 at 4:07 pm to deeprig9
Not 100% but it's a good bit of why.
Another reason was crime, schools, etc
Another reason was crime, schools, etc
Posted on 5/24/23 at 4:08 pm to meansonny
quote:
You don't think there has been boom cycles in real estate before?
Cool. Like in 2008?
Posted on 5/24/23 at 4:08 pm to meansonny
quote:
You don't think there has been boom cycles in real estate before?
Of course you don't.
And did the housing prices all magically return to where they were? Or did they stay elevated and become the new normal?
Posted on 5/24/23 at 4:08 pm to Jake88
quote:
Jake88
Oh look. Another boomer snowflake.
Posted on 5/24/23 at 4:08 pm to dgnx6
quote:
millions of migrants should be looking for homes
This NEVER gets mentioned in the ongoing war over open door immigration policies.
These people pouring into our borders are not sleeping in caves. They put a lot of artificial pressure on the supply of housing and then the idiots who vote for this crap can't figure out why they have to live with their parents.
Oh and these "migrants" are also racist as hell which makes the black portion of the aforementioned idiots even more stupid.
Posted on 5/24/23 at 4:10 pm to deeprig9
quote:
Did your grandfather molest you?
A bit of a massive red flag that this is what came to your mind.
And both of my grandfathers came from the greatest generation, so my only complaints was that they raised frickhead boomers like you to ruin everything.
Posted on 5/24/23 at 4:10 pm to pankReb
quote:Not a boomer and can't be a snowflake because I'm not the one whining, just the one calling out a whiner who thinks theirs is a special case.
Oh look. Another boomer snowflake
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