- 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: For all the Millennials crying about housing costs, here you go
Posted on 8/26/26 at 8:31 am to SlowFlowPro
Posted on 8/26/26 at 8:31 am to SlowFlowPro
quote:I find your comment to be somewhat condescending and frankly almost demeaning to a slight degree
You don't seem to even comprehend the discussion being had
Thank you for your attention to this matter
0
Posted on 8/26/26 at 8:37 am to JohnnyKilroy
Dang, just looked up the zillow listing for a house I rented until 2017. Built in 1967. Boone Drive area in Baton Rouge. It sold late 2017 for $145k. It was a dump and what most of us would consider a starter home. Looks like all they did to it before selling was whitewash the brick, throw some waterproof vinyl flooring down, and painted. It sold again in 2023 for $198k and again earlier this year for $290k.
This post was edited on 8/26/26 at 8:39 am
Posted on 8/26/26 at 8:40 am to SlowFlowPro
quote:
You don't seem to even comprehend the discussion being had
Im not telling you the ratio is equal. Im telling you its possible. But you cant have it all up front. You will have to work to get there.
Which was the original comment I had.
A dual income family making 100K can afford that home with ease. If you want it.
Posted on 8/26/26 at 8:44 am to LanierSpots
quote:
But you cant have it all up front. You will have to work to get there.
True, you get a hell of a lot less up front than you have in a long time
quote:
A dual income family making 100K can afford that home with ease. If you want it.
Most dual income families don’t make $100k.
I don’t know what point you think you are making.
Posted on 8/26/26 at 8:47 am to LanierSpots
quote:
Sure it is. When I bought that house, it was 1988. I bought that home for 47K and sold it 10 years later for 90K. I was 20 years old and when I bought it, I was making around 24K per year. My wife was going to school and only working about 3 days a week as a bank teller.
If you compare that to what salaries are today, it is very modest. You cant just compare the cost. You have to also compare the income.
are you suggesting someone making 67k should purchase a 265.8K house?
Posted on 8/26/26 at 8:55 am to Dire Wolf
quote:
are you suggesting someone making 67k should purchase a 265.8K house?
I didnt say 67K. I said 100K combined
Posted on 8/26/26 at 8:56 am to SaintsTiger
quote:
Nope. To double every 10 years, the appreciation rate has to be 7% a year.
Correct. It's been anywhere from 4-7% over time. There are many factors though, location being a big one.
Posted on 8/26/26 at 8:59 am to Mingo Was His NameO
quote:
They’ve gone down 3 years in a row
Mine has increased the maximum amount the last 3yrs, what are you talking about? ??
This post was edited on 8/26/26 at 9:03 am
Posted on 8/26/26 at 9:16 am to Dragula
quote:
Mine has increased the maximum amount the last 3yrs, what are you talking about? ??
Your assessed value may have gone up by the maximum allowable percentage, but your rates went down
This was done at the state level as property tax relief due to budget surpluses
Posted on 8/26/26 at 9:31 am to Mingo Was His NameO
quote:
Your assessed value may have gone up by the maximum allowable percentage, but your rates went down This was done at the state level as property tax relief due to budget surpluses
Assessed value is factored into final the annual property tax calculation.
My appraised value increased the max 10% cap each of the past 3yrs, thus increasing the total annual tax bill owed as stated in my OP.
Posted on 8/26/26 at 9:38 am to LanierSpots
quote:
I didnt say 67K. I said 100K combined
24k in 1988 is 67k today
3 days a week as a bank teller and going to school is pretty much a wash in terms of income.
Posted on 8/26/26 at 9:43 am to Dragula
quote:
My appraised value increased the max 10% cap each of the past 3yrs, thus increasing the total annual tax bill owed as stated in my OP.
That’s your fault big dog.
Posted on 8/26/26 at 9:53 am to LanierSpots
quote:You stated you bought a house for 47k making 24k (completely disregarding spousal income). In other words, your starter home was about 2x ONE earner's salary.
Which was the original comment I had.
A dual income family making 100K can afford that home with ease. If you want it.
In order to be able to afford that exact same house today with that exact same set of facts (house cost 2x salary, married couple, one primary earner, one spouse part-time to pay for school), that primary earner would have to make $135k.
Do you not see the problem here?
This post was edited on 8/26/26 at 9:55 am
Posted on 8/26/26 at 10:06 am to Dragula
quote:
And nearly $15k/yr in property taxes
Much cheaper than the property+income taxes in Louisiana.
Posted on 8/26/26 at 10:16 am to LanierSpots
quote:
So you are telling me that a two income young family lets say is making 100K/year together cant afford a mortgage of $1500 a month now?
Where is this 1500 a month coming from? The house you posted, even with a healthy downpayment would be around 2k a month for PITI.
Posted on 8/26/26 at 12:29 pm to LanierSpots
quote:
Im not telling you the ratio is equal.
Are you dismissing the impact of that ratio on the concept of "starter homes"? That's what you seem to be doing.
If a home isn't affordable, how can it be considered a "starter home"?
Posted on 8/26/26 at 12:54 pm to JohnnyKilroy
Just skip your next 31000 Starbucks coffees and put it towards your down payment to avoid that pesky PMI!
Posted on 8/26/26 at 3:51 pm to JohnnyKilroy
quote:Fascinating.
JohnnyKilroy
Posted on 8/26/26 at 4:07 pm to NC_Tigah
Is $450K supposed to be affordable?
Posted on 8/26/26 at 4:09 pm to jwalk38
NC already argued in this thread that $350-$400+ per square foot is “affordable”
Page 12 of 13
Popular
Back to top
Follow TigerDroppings for LSU Football News