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re: Homebuyer affordability slipped 5th straight month; Median Single Family Price: $446,400

Posted on 7/19/26 at 9:15 am to
Posted by LSBoosie
Member since Jun 2020
19537 posts
Posted on 7/19/26 at 9:15 am to
quote:

Better than whining and renting something you'll never own.

So just to be clear, you think the standard practice of first time home owners buying land and having their fiends help them build a house on it is better than having more affordable homes available?
quote:

I bought two houses in my life on VA loans and never paid a cent down. No points paid either.

Do you want a cookie?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151290 posts
Posted on 7/19/26 at 9:16 am to
quote:

These threads always turn into the same thing: angsty millennial renters arguing with angry, defensive boomers.
while we shop for 100” TVs
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
33246 posts
Posted on 7/19/26 at 9:16 am to
quote:

These threads always turn into the same thing: angsty millennial renters arguing with angry, defensive boomers.

While there are always defensive boomers, I generally find the non-angsty homeowner millennials to outnumber the angsty renter millennials on these threads
Posted by sosaysmorvant
River Parishes, LA
Member since Feb 2008
1522 posts
Posted on 7/19/26 at 9:17 am to
Biggest problem is there are no "cheap" starter homes out there. Homes that should not be much more than $100,000 are getting listed at twice that or more. It's a crazy strain on the younger folks trying to start a life.,

I've said it for a while......owning a few rent houses is a smart business investment. More and more people will have to put off home ownership just to make ends meet.
Posted by Night Vision
Member since Feb 2018
23535 posts
Posted on 7/19/26 at 9:18 am to
Cry bitch.

Call your pappy and maybe he'll bail you out.

My folks never even co-signed a car loan for me.

Posted by Joshjrn
Baton Rouge
Member since Dec 2008
33246 posts
Posted on 7/19/26 at 9:19 am to
quote:

So just to be clear, you think the standard practice of first time home owners buying land and having their fiends help them build a house on it is better than having more affordable homes available?

To be double clear, in most places, unless your friends have a contractor’s license, Boomers have passed laws to make this quite illegal
Posted by meansonny
ATL
Member since Sep 2012
26998 posts
Posted on 7/19/26 at 9:20 am to
Im not a fan of NAR data.

They use mailer responses.

That said, the trends definitely should be noteworthy regardless of specific data accuracy.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
33246 posts
Posted on 7/19/26 at 9:21 am to
quote:

Biggest problem is there are no "cheap" starter homes out there. Homes that should not be much more than $100,000 are getting listed at twice that or more. It's a crazy strain on the younger folks trying to start a life.,

It’s a land problem. Land has gotten so expensive that it makes no sense to “waste it” by building a starter house on it. And before someone replies “just buy out in the country”, again, not what previous generations had to do, so stop pretending it’s the same.
Posted by meansonny
ATL
Member since Sep 2012
26998 posts
Posted on 7/19/26 at 9:22 am to
quote:

Biggest problem is there are no "cheap" starter homes out there. Homes that should not be much more than $100,000 are getting listed at twice that or more. It's a crazy strain on the younger folks trying to start a life.,



This isn't true. But you aren't going to find a bunch of detached single family residences.

Starter homes are condos and townhomes in major suburban areas like Atlanta.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151290 posts
Posted on 7/19/26 at 9:23 am to
quote:

While there are always defensive boomers, I generally find the non-angsty homeowner millennials to outnumber the angsty renter millennials on these threads
im a non-angsty millennial homeowner. But I have kids and I’m not sticking my head up my arse and denying the increasingly uphill battle they will likely face.
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
20509 posts
Posted on 7/19/26 at 9:23 am to
quote:

What year was this?


1999 - 2000 ish.

I’m not saying things aren’t difficult now but this idea that everyone was just falling backwards into nice homes downtown with their pocket money isn’t realistic.

I still contend that the concept that single young people should be able to afford a house is new. Nobody I knew bought a house until they were married because it took a dual income to afford it.
Posted by Shaun176
Baton Rouge
Member since Aug 2008
3160 posts
Posted on 7/19/26 at 9:23 am to
It is not just inflation that has driven up prices. Buyers demand a much higher standard of finishes than in years past. Stone countertops, wood and ceramic floors, separate shower/tubs, high ceilings, etc.

Prices are also regional.
Posted by meansonny
ATL
Member since Sep 2012
26998 posts
Posted on 7/19/26 at 9:23 am to
quote:

And before someone replies “just buy out in the country”, again, not what previous generations had to do,


Well that is bullshite.

How do you think major metropolitan areas expanded outward in the 60s, 70s, 80s, and 90s?
Posted by BCvol
Member since Jan 2022
656 posts
Posted on 7/19/26 at 9:23 am to
We have to import roofers and brick layers because the young people today would rather work an air-conditioned job for half of what can be made working a trade. My dad would have said " well son if you would stop being lazy and do real mans work instead of women's work, you could afford a house."
Posted by Night Vision
Member since Feb 2018
23535 posts
Posted on 7/19/26 at 9:24 am to
quote:

And before someone replies “just buy out in the country”, again, not what previous generations had to do, so stop pretending it’s the same.


My relatives chose to live in the country and so do I.

Seems like choices have consequences.

You couldn't pay me to live within the city limits of a small town and nowhere near a big town.


I want everything like I want it pappy and cheap! Damn Boomers caused this!
Posted by oldtrucker
Marianna, Fl
Member since Apr 2013
3790 posts
Posted on 7/19/26 at 9:24 am to
Just vote socialism, that'll get you in that nice home
Posted by NIH
Member since Aug 2008
124266 posts
Posted on 7/19/26 at 9:26 am to
Trump is going to get young folks in homes with 50 year mortgages
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37420 posts
Posted on 7/19/26 at 9:26 am to
quote:

These threads always turn into the same thing: angsty millennial renters arguing with angry, defensive boomers.

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.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
33246 posts
Posted on 7/19/26 at 9:27 am to
quote:

1999 - 2000 ish. I’m not saying things aren’t difficult now but this idea that everyone was just falling backwards into nice homes downtown with their pocket money isn’t realistic. I still contend that the concept that single young people should be able to afford a house is new. Nobody I knew bought a house until they were married because it took a dual income to afford it.

$40k in 1999 is worth a touch over $80k today. $20/hr is about $43/hr now.

I didn’t say anyone was falling into anything; I just said it’s harder now
Posted by Night Vision
Member since Feb 2018
23535 posts
Posted on 7/19/26 at 9:27 am to
Do you have a reverse mortgage pappy?

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