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re: I think people need to accept that the housing window has closed
Posted on 7/31/26 at 4:41 pm to GoCrazyAuburn
Posted on 7/31/26 at 4:41 pm to GoCrazyAuburn
quote:
you are more in the $230k max or so for the median household income to be within the 28% rule.
Market-specific, obviously, but there are tract homes here in the $210s, meaning there are still affordable options for median income families
1
Posted on 7/31/26 at 4:42 pm to fightin tigers
quote:
Im honestly not sure if you realize you are trying to use huge amounts of data instead of just looking at the math yourself.
Which math, exactly?
Posted on 7/31/26 at 4:43 pm to stout
quote:
Market-specific, obviously, but there are tract homes here in the $210s, meaning there are still affordable options for median income families
And again, nobody is saying there are no homes.
quote:
The point was more to illustrate that even with the numbers the other poster was deciding to use, you pretty much have to get yourself up towards the median income to afford pretty much the bottom of the housing market, which frankly just isn't a great position for society to be in.
This post was edited on 7/31/26 at 4:46 pm
Posted on 7/31/26 at 4:44 pm to armytiger96
Ah, going the old if I don't like the data, I'm not going to believe the data. Bold choice.
Posted on 7/31/26 at 4:45 pm to Odysseus32
quote:
or you will buy in a shitty area in most major metros.
Those areas don’t have to be shitty. If we’d mandate that govt housing is put outside of towns, we can continue to live in town. Let the “poor people” exist in a multi-unit hud building next to a dollar general, and quit ruining our neighborhoods.
Posted on 7/31/26 at 4:46 pm to armytiger96
quote:
Do you truly believe the median household for working families in LA is $60,000.
If so, you believe that if we lined up every working family from minimum wage to wealthiest and the midpoint is a husband and wife making $15/hr each.
Want your mind to be really blown? The $60k figure includes single people living alone, students, and retirees. If you look strictly at working families in Louisiana, the median is actually closer to $79k.
Posted on 7/31/26 at 4:46 pm to armytiger96
quote:quote:
The average entry-level salary for a college graduate entering accounting or starting as a staff accountant in 1996 was approximately $30,728 to $31,799 per year.
The national average entry-level accounting salary in 2026 ranges between $55,000 and $65,000 per year, with local positions in Baton Rouge, LA averaging about $47,607 to $59,201 annually.
A dollar today buys less than half (about 46.95%) of what it bought in 1996. Now go look at home prices and do the math there. My parents bought a house in Helena, AL for around $125k in 1997 and that is now estimated at $355k. That's not out of the norm if you look around. Wage increases are closer to stagnant in relation to home purchasing power over the same amount of time.
Posted on 7/31/26 at 4:47 pm to GoCrazyAuburn
quote:
And again, nobody is saying there are no homes.
quote:
The point was more to illustrate that even with the numbers the other poster was deciding to use, you pretty much have to get yourself up towards the median income to afford pretty much the bottom of the housing market,
A brand new tract home is not the bottom of the market, though
Posted on 7/31/26 at 4:48 pm to stout
quote:
Want your mind to be really blown? The $60k figure includes single people living alone, students, and retirees. If you look strictly at working families in Louisiana, the median is actually closer to $79k.
And hell, I was using $83k for my median number
Posted on 7/31/26 at 4:50 pm to GoCrazyAuburn
The math that you can save up well before you make median income, allocate more of your income to housing.
Also that median is just one statistical analysis.
Also that median is just one statistical analysis.
Posted on 7/31/26 at 4:51 pm to evil cockroach
I only made it to page 6 but has anyone brought up AI disruption to the job market? All of this shite could change real fast if we hit 10 percent unemployment.
Posted on 7/31/26 at 4:51 pm to parrothead
quote:
Wage increases are closer to stagnant in relation to home purchasing power over the same amount of time.
Correct but we are finally seeing some relief in that area FYI
The reason is pretty simple...interest rates were kept artificially low for too long, driving housing costs to outpace wage growth. Now that rates have risen, we are seeing wage growth make progress vs housing costs
This post was edited on 7/31/26 at 4:56 pm
Posted on 7/31/26 at 4:52 pm to stout
quote:
A brand new tract home is not the bottom of the market, though
I think you are missing the forest for the trees here man. I'm at no point arguing that there aren't affordable things out there. However, I think we are losing the plot if you are going to try and argue that houses around $200k aren't near the bottom of the market overall.
It is half what the median home price is but realistically is what the median wage price can afford. Why is that not seen as a problem?
This post was edited on 7/31/26 at 4:57 pm
Posted on 7/31/26 at 4:53 pm to GoCrazyAuburn
quote:
And hell, I was using $83k for my median number
I understand people are still conditioned to think otherwise because we have seen wage stagflation for a large part of the past 10 or so years, but wages are going up now.
Posted on 7/31/26 at 4:53 pm to Odysseus32
People are going to say all kind of stuff that's true and false.
But little of it will address the reality that people like my parents got married in their early 20s in the late 1960s and my dad started working in a paper mill.
They built a 3BR 2BA brick ranch style home almost immediately with no help from family aside from a bit of elbow grease on details.
My mom worked part time for about 2 years but then quit and they still paid their bills until she had to go work during the 80s when the paper mill started to slash benefits.
That's what created the good ol' days middle class life everyone here waxes nostalgic about.
But little of it will address the reality that people like my parents got married in their early 20s in the late 1960s and my dad started working in a paper mill.
They built a 3BR 2BA brick ranch style home almost immediately with no help from family aside from a bit of elbow grease on details.
My mom worked part time for about 2 years but then quit and they still paid their bills until she had to go work during the 80s when the paper mill started to slash benefits.
That's what created the good ol' days middle class life everyone here waxes nostalgic about.
Posted on 7/31/26 at 4:53 pm to fightin tigers
quote:
The math that you can save up well before you make median income, allocate more of your income to housing.
Also that median is just one statistical analysis.
If this is your take from our discussion, then I'm not the one ignoring the math or reality, that would be you.
Posted on 7/31/26 at 4:54 pm to GoCrazyAuburn
quote:
I think we are losing the plot if you are going to try and argue that houses around $200k aren't near the bottom of the market overall.
They aren't
The bottom of the market is much, much worse than a $200K DSLD tract home.
Posted on 7/31/26 at 4:55 pm to stout
quote:
I understand people are still conditioned to think otherwise because we have seen wage stagflation for a large part of the past 10 or so years, but wages are going up now.
They are. Prices have also come down some over the last 6-8 months or so. Things just have a ways to go to get wages more in line with pricing (of more than just housing, other staples as well).
Posted on 7/31/26 at 4:55 pm to GoCrazyAuburn
quote:
It is half what the median home price is but realistically is what the median wage price can afford. Why is that not seen as a problem?
A quick google shows 65% of Americans own homes. That's not the bottom 65%.
So why do you keep using median when in fact it should be closer to the 75th or 80th percentile.
Does anyone really want their bottom 20% owning homes? As a homeowner, I don't think they are responsible enough to keep the exterior up, pay their bills, insurance, etc. Its not easy being a homeowner.
Posted on 7/31/26 at 4:58 pm to baldona
quote:
A quick google shows 65% of Americans own homes. That's not the bottom 65%.
So why do you keep using median when in fact it should be closer to the 75th or 80th percentile.
I'm going to need you to explain what you're trying to make point wise here. Where did I argue anything about the bottom 65%?
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