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re: For all the Millennials crying about housing costs, here you go
Posted on 5/14/26 at 7:55 pm to cgrand
Posted on 5/14/26 at 7:55 pm to cgrand
Done to me mindset…
Do for myself mindset…
Whiny fricks need not apply.
quote:
give someone else a chance!!!
Do for myself mindset…
quote:
Live below means, invest in cash generating assets, compounding interest is mine, drives to outcome I plan for and deliver.
Whiny fricks need not apply.
Posted on 5/14/26 at 8:01 pm to NC_Tigah
quote:
Ah, yes. It must have been nice. I've read about those magical wonderland days in storybooks.
My parents first home was over 100 years old. You could see light between the planks of wood that was the floor.
No central heat.
No AC.
2br
1bath
1000 square feet
3 kids
Lucky them!
Posted on 5/14/26 at 8:07 pm to Everyday Is Saturday
As a 32 year old, there's a bit of truth on both sides.
Prices have gotten out of hand and it's probably harder for the average person in 2026 than it was in 1986 or 1996.
But my generation does seem to expect a more luxurious lifestyle and more "bells and whistles".
I think a smart person who is willing to work and who really is aware of themselves and their opportunities, probably has a much higher ceiling than someone of past generations, but the average person has a lower ceiling.
I say this as someone who bought my house at 27, and I'm at a good place in both saving for retirement as well as general savings with no debt other than my mortgage, with no inheritances or other major gifts/help.
I could actually pay my home off right now but at a 2.9% rate, it seems better to just let that money ride in the market.
Now who knows what AI and the future hold for all of us, I can only try to set myself up the best that I know to do.
Prices have gotten out of hand and it's probably harder for the average person in 2026 than it was in 1986 or 1996.
But my generation does seem to expect a more luxurious lifestyle and more "bells and whistles".
I think a smart person who is willing to work and who really is aware of themselves and their opportunities, probably has a much higher ceiling than someone of past generations, but the average person has a lower ceiling.
I say this as someone who bought my house at 27, and I'm at a good place in both saving for retirement as well as general savings with no debt other than my mortgage, with no inheritances or other major gifts/help.
I could actually pay my home off right now but at a 2.9% rate, it seems better to just let that money ride in the market.
Now who knows what AI and the future hold for all of us, I can only try to set myself up the best that I know to do.
Posted on 5/14/26 at 8:12 pm to SidewalkTiger
quote:
But my generation does seem to expect a more luxurious lifestyle and more "bells and whistles".
That’s every generation.
The average first house for baby boomers was way nicer and substantially bigger than the homes they grew up in.
Posted on 8/25/26 at 11:54 am to bee Rye
quote:
I doubt they get anywhere near their asking price
SOLD for 775. Damn I'm good.
Posted on 8/25/26 at 12:09 pm to Shorts Guy
quote:
I guess the biggest problem we have these days is that everyone needs to be in the same place to have access to jobs.
We shipped virtually all of our small-town blue collar manufacturing work overseas, or automated it. Now all the affordable homes are in places where people can’t get anything other than a minimum wage, dead-end job with no benefits.
You know that is a really interesting observation about the connection between offshoring and the housing market. Never really quite put that together before but I think you are dead right.
Posted on 8/25/26 at 12:10 pm to Klark Kent
Paying $800,000 for a home in Metairie is insane
The average home price in Louisiana is barely $200,000
The average home price in Louisiana is barely $200,000
Posted on 8/25/26 at 12:12 pm to JohnnyKilroy
quote:
SOLD for 775
Just a few more shifts delivering newspapers and skip the avocado toast, then anyone can afford that
Posted on 8/25/26 at 12:12 pm to UFFan
Double priced property. Amazingly absurd.
RE has quadrupled since 2008. About to see another 40-50% collapse in the near future.
RE has quadrupled since 2008. About to see another 40-50% collapse in the near future.
Posted on 8/25/26 at 1:13 pm to PUB
Real estate has to appreciate in value. If it doesn't we are all in trouble. My first house in 1997 was $56,000. My second in 2005 was $120,000. Third in 2012 was $217,000. It's valued today at approximately $430,000. Notice how the value has doubled each period?
Home prices are going to continue to go up and should about double in price every decade. The real issue is wages have not kept up. Off-shoring our jobs, important H1B workers, illegal immigration, all of it has done immense damage to the wages of American workers. Our politicians have betrayed us. Our corporations have betrayed us.
Home prices are going to continue to go up and should about double in price every decade. The real issue is wages have not kept up. Off-shoring our jobs, important H1B workers, illegal immigration, all of it has done immense damage to the wages of American workers. Our politicians have betrayed us. Our corporations have betrayed us.
Posted on 8/25/26 at 1:20 pm to WG_Dawg
I agree. I’d consider my current home a starter home. I tried selling it so I can be closer to my daughter’s school and my job. I had no luck.
I bought it new in 2022, 1300 square feet, 2 car garage, all tile, 4.25% at 220k
Unfortunately it’s not in a great neighborhood and it’s a buyers market
I bought it new in 2022, 1300 square feet, 2 car garage, all tile, 4.25% at 220k
Unfortunately it’s not in a great neighborhood and it’s a buyers market
Posted on 8/25/26 at 1:31 pm to JohnnyKilroy
The problem with the housing affordability argument is one of dishonest comparisons.
The argument usually starts with comparing today's price with the average home from the 50's though the 60's to today's prices.
The comparison leaves out a huge difference. Our parents and grandparents were moving into new homes build to min FHA standards. 1,000 SQ ranch homes with 2 or 3 bedrooms, 1 small bath, ranch style houses. the kitchens had 6 ft of cabinets, they cooled with an attic fan, they had single pane windows, the appliances were not included. The lighting consisted of those rectangular glass globes. one or two outlets per room. linoleum floors, 3 tab shingles. Everything was cheap and made to build and finish in a few weeks. Most had no insulation,
If a young couple would settle for what their grandparents settled for, they wouldn't be paying 400,000.
The argument usually starts with comparing today's price with the average home from the 50's though the 60's to today's prices.
The comparison leaves out a huge difference. Our parents and grandparents were moving into new homes build to min FHA standards. 1,000 SQ ranch homes with 2 or 3 bedrooms, 1 small bath, ranch style houses. the kitchens had 6 ft of cabinets, they cooled with an attic fan, they had single pane windows, the appliances were not included. The lighting consisted of those rectangular glass globes. one or two outlets per room. linoleum floors, 3 tab shingles. Everything was cheap and made to build and finish in a few weeks. Most had no insulation,
If a young couple would settle for what their grandparents settled for, they wouldn't be paying 400,000.
Posted on 8/25/26 at 1:35 pm to stitchop
quote:
The comparison leaves out a huge difference. Our parents and grandparents were moving into new homes build to min FHA standards. 1,000 SQ ranch homes with 2 or 3 bedrooms, 1 small bath, ranch style houses. the kitchens had 6 ft of cabinets, they cooled with an attic fan, they had single pane windows, the appliances were not included. The lighting consisted of those rectangular glass globes. one or two outlets per room. linoleum floors, 3 tab shingles. Everything was cheap and made to build and finish in a few weeks. Most had no insulation, If a young couple would settle for what their grandparents settled for, they wouldn't be paying 400,000.
And their parents had ice boxes and maybe no electricity. Developed economies are supposed to continue to advance and innovate.
I don’t see any cotton gins still being used.
This is such a dumbass argument, it drives me insane
This post was edited on 8/25/26 at 1:36 pm
Posted on 8/25/26 at 2:00 pm to Mingo Was His NameO
quote:
it drives me insane
Sorry but i am a contractor and i am speaking from experience and facts. you on the other hand are speaking from ignorance and feelings.
I can build ranch style 1,000 sq houses with modern eminities and sell for 150,000, and be a billionaire, but nobody wants them.
they want 2300 sq and above with premium trim and floors, the appliances included, garages. They want to live in developments with premium locations. we spend average of 30,000 per home before touching a foundation. all that adds to each house.
The streets, retention ponds, fencing, even the nice curbing, it all cost money.
Posted on 8/25/26 at 2:31 pm to stitchop
quote:
I can build ranch style 1,000 sq houses with modern eminities and sell for 150,000, and be a billionaire
I bet.
Posted on 8/25/26 at 2:36 pm to caro81
quote:
you arent paying for the house here, you are paying for the location. EDit: id also say that house is overpriced for what it is even in that area.
You think the house is overpriced? Did you not see the word “SOLD”?
Posted on 8/25/26 at 2:40 pm to Mingo Was His NameO
quote:
I don’t see any cotton gins still being used.
What? so what replaced them
Posted on 8/25/26 at 2:42 pm to stitchop
quote:
I can build ranch style 1,000 sq houses with modern eminities and sell for 150,000, and be a billionaire, but nobody wants them.
What?
Posted on 8/25/26 at 2:50 pm to caro81
quote:
you arent paying for the house here, you are paying for the location.
EDit: id also say that house is overpriced for what it is even in that area.
Yea. There is plenty of affordable housing in the country, in many markets.
Posted on 8/25/26 at 2:56 pm to stitchop
quote:
I can build ranch style 1,000 sq houses with modern eminities and sell for 150,000, and be a billionaire, but nobody wants them.
No one wants them if you put them on land in areas people don't want to live. Build it in a desirable area and it would sell like crazy. Unfortunately, you can't do that for $150k, which is the entire point.
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