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Posted on 7/19/26 at 3:32 pm to Boss
Basement is finished and climate controlled?
Posted on 7/19/26 at 3:46 pm to Crimson Wraith
100% finished. 3 ac units. One for each floor. 7 bedrooms 5 baths.
Posted on 7/19/26 at 4:08 pm to Gifman
quote:
Boomers: “well son if you stopped going to Starbucks, you could afford a house.”
$8×3×7 is a lot of money. I'm sure they also eat at an artsy sandwich shop 5 days a week.
Posted on 7/19/26 at 4:24 pm to armytiger96
quote:
creating a division in the family unit through generational divide.
Old people can frick off with this one. Even conservative young people have to deal with their older family members constantly and casually shitting on young people 24/7. Sorry it’s getting thrown back I guess?
Posted on 7/19/26 at 4:33 pm to PetroBabich
quote:told blacks that for generations and now you're crying lol rich
Just pull yourself up by your bootstraps
Posted on 7/19/26 at 4:56 pm to Night Vision
Ran into a guy who was talking about giving his daughter $60k for a down payment. Not for me. Of course, I have 3, and they’d all expect the same.
Posted on 7/19/26 at 7:15 pm to ragincajun03
quote:
Based on the median price of a single-family house, $446,400, and the average interest rate on a 30-year fixed-rate mortgage of 6.57%, the income needed to qualify for a mortgage was $109,152 last month, according to the index. The formula also assumes the buyer makes a 20% down payment.
Affordability has been sliding since January, when the median home price was $398,200, the average rate was 6.19% and the income needed to qualify for a mortgage was $93,552, according to the index.
This is such horseshite. My house is above the average and it does not even assess for that much...
They are skewing these numbers with the inner city high demand houses.
I just looked at house prices in San Francisco on Zillow. A row house of 4 BR/3BA is over $2MM. I picked that because I have a house of same BR/BA and more square ft and a large lot in a good subdivision. I would not even get $400K for it.
Posted on 7/19/26 at 7:21 pm to Epic Cajun
quote:
You can be a successful millennial that has a nice house with a great interest rate and still acknowledge that people trying to buy their first house in 2026 have it harder than past generations.
I’m with you.
I had a big old 1981 fixer-upper with a 2.4% interest rate. We bought it in 2015, refinanced during COVID, and eventually sold it for about $175,000 more than we paid. Now we’re in a much newer, much nicer house in a better neighborhood… but at a 6.3% interest rate. Womp womp.
That said, I think you’re right. Younger generations may not get the same opportunity many of us had: buy when rates are reasonable, refinance into historically low rates, then ride one of the hottest housing markets ever and sell for nearly double what you paid.
It wasn’t pure luck, but it wasn’t entirely skill either. It was a combination of good timing, disciplined budgeting, refinancing at the right moment, and then accepting that we’d probably never see a 2.4% mortgage again when it came time to move.
FYI - I’m a millennial.
Posted on 7/19/26 at 7:25 pm to ragincajun03
In the next 5-10 years all the boomers will die and their first and second homes that they purchased on a mechanic and a stay at home mom’s salary will flood the market.
Posted on 7/19/26 at 7:32 pm to LSBoosie
quote:
What do you mean? Of course you should only buy a home that you can afford.
It goes further than that.
Only shop for a home that you can afford.
This thread is full of "examples" of how things are difficult.
"I can't buy near my parents"
"I can't afford flood and wind/hail insurance".
"I can't afford a median home in the usa".
It is a bunch of bitching and moaning about not being able to afford something that they shouldn't be considering.
If it is so obvious that they shouldn't consider homes that they can't afford, why are the above complaints valid? It is just bitching in order to bitch. People love to play the victim. Society today has made huge leaps towards a victim olympics.
quote:
The point is that now it is harder to buy a home equivalent to what you were able to buy 20 years ago.
It isn't significantly harder to buy a home than 20 years ago.
It is significantly harder than buying a home after the crash 18 years ago. It is significantly harder than buying a home 7 years ago (2019) before the 2022 real estate bubble.
It is not significantly harder than 2024 or 2025.
There are real estate cycles. And this is a challenging part of the cycle. That is true. But this isn't the only real estate bubble that the country has seen. People are too short sighted to even presume so.
quote:
It is what it is but it suck for those that are trying to buy a house for the first time now a days.
We still average about 1M new first time homebuyers a year. It is hard. But it isn't that hard. 1M people make the leap to home ownership every single year.
quote:
It doesn’t help when you have people like night vision telling people to go buy a piece of land and round up a couple of buddies to help you build a house on it.
There are problem makers and problem solvers. He is illustrating one way to solve a problem.
It isn't that far removed from me advising not to shop for a home that you can't afford (by your parents home. By the coast. At a price point above 50% of the other homes being sold. Those are my recommendations to solve the same problem (challenges to first time homebuyers).
Posted on 7/19/26 at 7:44 pm to ragincajun03
Stop flood of illegal immigration and the demand for housing lowers???
Wow. Whodathunk!?!
Wow. Whodathunk!?!
Posted on 7/19/26 at 7:45 pm to meansonny
quote:
But we literally are in a bubble.
Based on?
Posted on 7/19/26 at 7:51 pm to Night Vision
quote:
I don't want a smaller used home or a starter home Daddy!
My first was $97,000. My current and final is over ten times more. It takes time. My first salary was about 35K.
Posted on 7/19/26 at 7:57 pm to aTmTexas Dillo
When I got married I made 36000. My wife made 27000. We bought a house 6 years later for 175,000. That was our first house. We rented before and saved like crazy. Minimal vacations. No eating out.
The house we live in now is substantially larger. My wife makes 325,000 and I make 210,000. But that took 25 years to make that jump.
The house we live in now is substantially larger. My wife makes 325,000 and I make 210,000. But that took 25 years to make that jump.
Posted on 7/19/26 at 7:58 pm to meansonny
quote:
This thread is full of "examples" of how things are difficult. "I can't buy near my parents" "I can't afford flood and wind/hail insurance". "I can't afford a median home in the usa".
It is a bunch of bitching and moaning about not being able to afford something that they shouldn't be considering. If it is so obvious that they shouldn't consider homes that they can't afford, why are the above complaints valid? It is just bitching in order to bitch. People love to play the victim. Society today has made huge leaps towards a victim olympics.
Are you saying first time home buyers shouldn’t even consider buying a house near their parents?
quote:
It isn't significantly harder to buy a home than 20 years ago.
I’m some places it 100% more difficult to buy the equivalent of what you could buy 20 years ago.
quote:
It is significantly harder than buying a home after the crash 18 years ago. It is significantly harder than buying a home 7 years ago (2019) before the 2022 real estate bubble.
Yeah that’s kind of the point.
quote:
We still average about 1M new first time homebuyers a year. It is hard. But it isn't that hard. 1M people make the leap to home ownership every single year.
It’s deeper than that. It’s about being able to comfortably afford the equivalent of what you use to be able to afford. 20 years ago, a young person might have been able to afford a 3,000 sf house but only chose to buy a 1,500 sf house because that’s all they needed and they would have extra money to spend. Now those same type of people might not be able to afford a 3,000 sf house, only a 1,500 sf house. Both groups are technically able to afford the same type of house, but one group is under more financial stress in order to buy that house.
quote:
There are problem makers and problem solvers. He is illustrating one way to solve a problem. It isn't that far removed from me advising not to shop for a home that you can't afford (by your parents home. By the coast. At a price point above 50% of the other homes being sold. Those are my recommendations to solve the same problem (challenges to first time homebuyers).
Yes, having your buddies help you build a house is a very realistic way to solve the problem. Hell, why don’t people just start robbing banks? One successful bank robbery can fund your down payment. Problem solved!
Posted on 7/19/26 at 8:03 pm to JohnnyKilroy
quote:
quote:
But we literally are in a bubble.
Based on?
Median home prices surged 20% from 2021 to 2022 (2022 to 2023 in some regions).
Similar to what we saw in markets in the early/mid 2000s.
There has not been a continuance of that increase since. Year over year increases were a relatively slow crawl for much of the country after 2009/2010s foreclosures dropped prices +30% from the mid 2000 highs.
That sudden increase is called a bubble. There has not been a correction. So we are still in it.
And it is true. It is tougher today to buy a home than it traditionally has in the past.
Posted on 7/19/26 at 8:17 pm to LSBoosie
quote:
Are you saying first time home buyers shouldn’t even consider buying a house near their parents?
This discussion is about how difficult it is to buy a first home.
Most people dont bitch. Maybe they can afford to buy near their parents.
But the "sayings" are true.
Don't buy a home that you can't afford.
Don't shop for a home that you can't afford.
If the parents' area is out of the price range, then every logical "saying" is telling those individuals to not consider buying a home near their parents.
My first home was an hour away from my folks. How about you?
quote:
I’m some places it 100% more difficult to buy the equivalent of what you could buy 20 years ago.
2005 was a bubble.
2009 was a crash.
In those same places, a secure job could easily have a 2009 first time homebuyer buyer purchase 40% below 2005 prices.
2022, it was significantly more difficult than 2009.
Real estate cycles happen. Since forever. It virtually bankrupted the country's first tycoon (bankruptcy was not a legal protection back then. He ended up in debtors prison).
quote:
It’s deeper than that. It’s about being able to comfortably afford the equivalent of what you use to be able to afford. 20 years ago, a young person might have been able to afford a 3,000 sf house but only chose to buy a 1,500 sf house because that’s all they needed and they would have extra money to spend. Now those same type of people might not be able to afford a 3,000 sf house, only a 1,500 sf house. Both groups are technically able to afford the same type of house, but one group is under more financial stress in order to buy that house.
You pulled this anecdote out of your arse.
Life has always been difficult. For people today to presume otherwise is absolutely ignorant.
Adjusted for inflation, credit card debt was at all time highs 20 years ago. Significantly worse than today. Bankruptcy attorneys could compete with personal injury attorneys for income.
And when the real estate bubble collapsed, unemployment was 10%. Underemployment more than doubled that. It wasnt easy to be a first time homebuyer then in 2009 (although about 1M per year were still doing it).
People never have context.
Just poor excuses, lousy anecdotes, and lazy humor.
Posted on 7/19/26 at 8:17 pm to Night Vision
quote:
Gen X here by the way
Why do all Gen xers I know live in 1 bedroom apartments?
Posted on 7/19/26 at 8:20 pm to athenslife101
Because you live in Athens and those are the people who couldn't leave after school?
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