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Started By
Message
re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/25/23 at 10:25 am to GreatLakesTiger24
Posted on 5/25/23 at 10:25 am to GreatLakesTiger24
quote:
ots of people who make well above average wages can’t afford an average house (depending on how you define average)
In the above average area where they want to live.
1
Posted on 5/25/23 at 10:26 am to LNCHBOX
I'd have a much bigger boat if I could have bought my current house at pre-Covid prices
Posted on 5/25/23 at 10:30 am to LNCHBOX
quote:I would guess there’s a significant # of homeowners who couldn’t get approved for their current house if they were in the market right now
My wife and I do pretty well. I wouldn't spend the money it would cost to be in our current house if we were in the market right now
Posted on 5/25/23 at 10:30 am to H2O Tiger
Requirements for a house I often here on this forum from people bitching about prices:
Low maintenance
Move in ready
Good school district
Big enough to accommodate future family size (most seem to want 2400 sq ft or more).
Walkable area with entertainment and restaurants close by
Good luck. Been looking for one of these I could afford for 25 years and while I’m not an OT Baller, I don’t make average wage.
Low maintenance
Move in ready
Good school district
Big enough to accommodate future family size (most seem to want 2400 sq ft or more).
Walkable area with entertainment and restaurants close by
Good luck. Been looking for one of these I could afford for 25 years and while I’m not an OT Baller, I don’t make average wage.
Posted on 5/25/23 at 10:31 am to Dawgfanman
Whatever you say
Posted on 5/25/23 at 10:31 am to The Baker
quote:
The people who are buying are idiots.
The people are behind a rock and a hard place: buy a house at outrageous prices, and at least have some ownership, or rent at high prices, and send their money down a hole with no equity gained.
Posted on 5/25/23 at 10:32 am to Dawgfanman
We paid 632k in July of 2022 and got the following
Pretty similar comp to this one on the market near us.
Zillow
quote:
Low maintenance [YES]
Move in ready [YES]
Good school district [NO, but we don't have kids yet and won't be here in 5-7 years]
Big enough to accommodate future family size (most seem to want 2400 sq ft or more). [YES, right at 2400]
Walkable area with entertainment and restaurants close by[NO, plenty of things a short drive away though]
Pretty similar comp to this one on the market near us.
Zillow
This post was edited on 5/25/23 at 10:36 am
Posted on 5/25/23 at 10:36 am to Dawgfanman
quote:
Walkable area with entertainment and restaurants close by
This is extremely unnecessary and I don't think most people in here are looking for this. American culture thrives on driving everywhere to do something. Entertainment and dining are also stupid expensive now.
Posted on 5/25/23 at 10:38 am to Dawgfanman
my house, for 17 years
quote:
Low maintenance (LOL no)
Move in ready (depends on your definition)
Good school district (LOL no, hammond schools are awful)
Big enough to accommodate future family size (1600sf)
Walkable area with entertainment and restaurants close by (not a chance, downtown is 5 miles away)
This post was edited on 5/25/23 at 10:39 am
Posted on 5/25/23 at 11:17 am to Dawgfanman
quote:
Because the person I replied to was suggesting they didn’t bear responsibility
Any? no.
They just don't have much responsibility in this mess b/c they haven't been able to get power necessary to affect any changes on that scale.
And let's not pretend Boomers and older GenX don't vote DEM pretty heavily, or that Republicans haven't printed trillions when they were in power (since the 80s).
The larger point is that the "muh who did young people vote for" gotcha attempt is one step above retarded.
Posted on 5/25/23 at 11:20 am to H2O Tiger
quote:
3/2 was a fricking mansion when I was a kid
quote:
Are you 103?
The house I'm sending this post from is over 100 years old and is a 3/2 and nobody has ever called it a "mansion"
Posted on 5/25/23 at 11:22 am to GreatLakesTiger24
quote:
I would have no problem buying a <2k sq ft house. The problem is the vast majority of those houses are in shitty/declining neighborhoods
Exactly, and if they're new, they're in planned Section 8 communities.
Posted on 5/25/23 at 11:23 am to LaLadyinTx
quote:
So I'd say these folks who currently can't buy a home just continue to do whatever they are doing for a few years. That's literally what a lot of people did in the 80s when we experienced high interest rates and inflation. Move in with parents. If you're single, get a roommate. I'm not saying it's ideal. But for people to act like the world is coming to an end and it will not be better is just crazy.
Or, you know, we could just hope that the market is allowed to work and most people lose 15-30% of their home value
Posted on 5/25/23 at 11:24 am to LaLadyinTx
quote:
Laughing about people living in the wrong place. That is all.
Earlier you were promoting people buy in areas that are on the verge of becoming shitty Section 8 cesspools
Posted on 5/25/23 at 11:25 am to JohnnyKilroy
quote:
Feel for the people that were planning on buying in 2020/2021 and got their plans blown up and the market blew past them.
Posted on 5/25/23 at 11:45 am to SlowFlowPro
quote:
The house I'm sending this post from is over 100 years old and is a 3/2 and nobody has ever called it a "mansion"
You're still in the garden district?
Posted on 5/25/23 at 11:52 am to stout
Yeah same place. The fixing up never ends. No more old houses, ever. A relatively cheap life lesson.
Posted on 5/25/23 at 11:55 am to SlowFlowPro
Always hidden issues in an old house like that
When I bid them I make it clear there will be additional hidden issues
When I bid them I make it clear there will be additional hidden issues
Posted on 5/25/23 at 11:57 am to stout
Yeah if I were to ever mess with one in the future it would have to be like post hurricane where I could gut it and just start it all over.
But the whole "nothing fits b/c there was no standard in 1900" is the most annoying part. Can't just replace a door or window
*ETA: I don't even know if it's clear when the house was built, b/c it was pre-fire.
But the whole "nothing fits b/c there was no standard in 1900" is the most annoying part. Can't just replace a door or window
*ETA: I don't even know if it's clear when the house was built, b/c it was pre-fire.
This post was edited on 5/25/23 at 11:59 am
Posted on 5/25/23 at 11:58 am to stout
Our house is 48 years old. It's definitely cost more in maintenance than a newer house but I expected that. In the price range we were looking at a decade ago it was older house or cookie cutter.
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