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re: I think people need to accept that the housing window has closed
Posted on 7/31/26 at 6:33 pm to Odysseus32
Posted on 7/31/26 at 6:33 pm to Odysseus32
All I have to add to this is I bought my first house in 2019, sold it 15 months later when we relocated for my job, made 30k off what I paid for it (it was a starter home we paid around 200k) for, and the current house we bought in 2020 at a 3.1% interest rate has risen over 100+k off what I paid for it since based on what similar houses are selling for in my neighborhood. I used a first time buyers down payment assistance program on the first home and have accumulated approximately 150k in equity in homeownership between both homes despite paying only the monthly payment on homes since 2019.
I say all that to say there are still opportunities out there if you buy smart although I doubt we ever see interest rates in the 2-3 range again.
I say all that to say there are still opportunities out there if you buy smart although I doubt we ever see interest rates in the 2-3 range again.
This post was edited on 7/31/26 at 6:35 pm
2
Posted on 7/31/26 at 6:35 pm to GoCrazyAuburn
quote:
Ah, going the old if I don't like the data, I'm not going to believe the data. Bold choice.
Yeah, sorry I prefer to use critical thinking skills over blindly following articles with an obvious agenda. Ever notice median income data is according to census data?
Do you really put your real income on those forms? I don't. So, no, I don't trust articles that site us household income.
Garbage in equals garbage out.
Posted on 7/31/26 at 6:37 pm to TigernMS12
quote:
say all that to say there are still opportunities out there if you buy smart although I doubt we ever see interest rates in the 2-3 range again.
There is 100% and even if one is talented with home buying/investment, there is always a "luck" or randomness aspect to it.
Posted on 7/31/26 at 6:38 pm to TigernMS12
quote:
All I have to add to this is I bought my first house in 2019, sold it 15 months later when we relocated for my job, made 30k off what I paid for it (it was a starter home we paid around 200k) for, and the current house we bought in 2020 at a 3.1% interest rate has risen over 100+k off what I paid for it since based on what similar houses are selling for in my neighborhood. I used a first time buyers down payment assistance program on the first home and have accumulated approximately 150k in equity in homeownership between both homes despite paying only the monthly payment on homes since 2019. I say all that to say there are still opportunities out there if you buy smart although I doubt we ever see interest rates in the 2-3 range again.
Be ready for the incoming arguments telling you anecdotal should be dismissed and you have to blindly follow published information.
ETA: See the navy guy for case in point.
This post was edited on 7/31/26 at 6:40 pm
Posted on 7/31/26 at 6:40 pm to armytiger96
quote:
I prefer to use critical thinking skills
This post was edited on 7/31/26 at 6:40 pm
Posted on 7/31/26 at 6:40 pm to GoCrazyAuburn
So no actual retort just more name calling!
This post was edited on 7/31/26 at 6:43 pm
Posted on 7/31/26 at 6:42 pm to armytiger96
quote:
ETA: See the navy guy for case in point.
Go eat crayons, that's what they train you guys for (wifes family is army). Navy army games are fun in our house. Plus a siblings family was chair force so thats always a fun game too
Posted on 7/31/26 at 6:43 pm to armytiger96
What do you believe the median household income is?
Posted on 7/31/26 at 6:49 pm to Odysseus32
quote:
That means to figure out an alternative solution that allows your family to be successful and teach that to your children.
AI, in my opinion will/is going to make things worse, but overcoming problems is what humanity did at one time. Humans actively creating and empowering devices that ultimately threaten our way of life doesn’t make sense to me.
Posted on 7/31/26 at 7:03 pm to armytiger96
quote:
So no actual retort just more name calling!
I mean, you’ve yet to give an actual response, just “I don’t believe it”.
So I’ll ask again, what do you think the median household income is.
Posted on 7/31/26 at 7:09 pm to UptownJoeBrown
Old people really don’t stop and think for a second that young people’s spending habits reflect where their money/energy can be most valuable?
The formula to achieve the big prize in life has been destroyed for a ton of young people. They’re going to find enjoyment in life at the margins. And they’re not going to wait until they’re 55 years old.
The formula to achieve the big prize in life has been destroyed for a ton of young people. They’re going to find enjoyment in life at the margins. And they’re not going to wait until they’re 55 years old.
Posted on 7/31/26 at 7:17 pm to Odysseus32
People need to lower their standards. Plain and simple. Everybody wants their starter home to look like their forever home. There are plenty of 3-4 bedroom homes available in safe neighborhoods in decent school districts. Problem is, they have ugly floor or small closets or old countertops, and everybody buying their first house today seems to think they’re above all that.
Posted on 7/31/26 at 7:17 pm to GoCrazyAuburn
quote:
Oh I can assure you my mindset is not the problem here. But you’re right, I don’t want to sell my house to move into a 100k house.
Did I tell you to do that?
No. I’m saying that in the context of this thread that home ownership is not unattainable.
And it is attainable if people are willing to take steps and methodically works towards their forever home in stages, to which should be priced around $100k in this market.
This post was edited on 7/31/26 at 7:18 pm
Posted on 7/31/26 at 7:20 pm to dnm3305
Forgive me for reading this as directed at me, when responding and quoting me specifically. What was I thinking? 
I didn’t realize you were using the royal form of “you”.
Well, nobody has argued otherwise, so good job I guess?
quote:
Your mindset is a major part of the problem. Filter a 30 mile radius around your current location on zillow at $120k and tell me you dont get at least 70 hits. You just dont want to live in what $100k will buy you for 3-5 years. THAT is the problem.
I didn’t realize you were using the royal form of “you”.
quote:
I’m saying that in the context of this thread that home ownership is not unattainable.
Well, nobody has argued otherwise, so good job I guess?
This post was edited on 7/31/26 at 7:23 pm
Posted on 7/31/26 at 7:23 pm to Odysseus32
What’s frustrating about these topics is one side tells the younger people to work harder, lower expectation, and live in a “starter home” with less amenities. I don’t disagree; generally speaking, young people have to start with something cheaper and be more frugal starting out.
From the young persons perspective, the cost of living is at an unprecedented level, let alone the cost of houses. It’s hard to save, especially if you want to raise your children in a traditional way.
These are the facts:
The interest rates on homes, historically speaking, are actually on the low end.
The base price of homes though, are at all time highs.
There are young people that are entitled and overspend and are not frugal.
We need to realize there are responsible, and frugal young people that really have been hurt by the irresponsibility of the current older generation’s rampant spending and monetary inflation, etc.
From the young persons perspective, the cost of living is at an unprecedented level, let alone the cost of houses. It’s hard to save, especially if you want to raise your children in a traditional way.
These are the facts:
The interest rates on homes, historically speaking, are actually on the low end.
The base price of homes though, are at all time highs.
There are young people that are entitled and overspend and are not frugal.
We need to realize there are responsible, and frugal young people that really have been hurt by the irresponsibility of the current older generation’s rampant spending and monetary inflation, etc.
Posted on 7/31/26 at 7:24 pm to Indefatigable
quote:
Nothing under $250k is is remotely livable or safe for families in a huge percentage of the country—and especially in Louisiana/Gulf South where most posters here live—that want to use any public services whatsoever. That would include schools
Jesus Christ, how are there so many people that lack comprehension on this site?
I’m not applying that to 30 yr olds with a family. They should be buying home 2 or 3 at that point on life.
I’m applying this to a 21-22 year old single adult or very young couple JUST GETTING STARTED IN LIFE.
And I am right. THAT demographic has changed expectations and they are not willing to live within their means.
The buy a fricking $8 coffee through a drive-thru every day generation is too good to live in a $100k starter home and build wealth through equity over the course of 10-15 years.
You should not be living in your forever home with granite countertops at age 30 unless you and your spouse are both making six figures, but this spoiled entitled generation has zero concept of delaying gratification, and it seems like alot of retards on the OT dont either.
This post was edited on 7/31/26 at 7:25 pm
Posted on 7/31/26 at 7:25 pm to TigerJack8
quote:The older generations are unable to accept that.
We need to realize there are responsible, and frugal young people that really have been hurt by the irresponsibility of the current older generation’s rampant spending and monetary inflation, etc.
It is all due to Starbucks and avocado toast.
Posted on 7/31/26 at 7:27 pm to dnm3305
quote:Agreed.
You should not be living in your forever home with granite countertops at age 30 unless you and your spouse are both making six figures, but this spoiled entitled generation has zero concept of delaying gratification, and it seems like alot of retards on the OT dont either.
You also shouldn’t have to live in the ghetto or in the sticks in order to live in an affordable home.
Posted on 7/31/26 at 7:31 pm to Scruffy
quote:
You also shouldn’t have to live in the ghetto or in the sticks in order to live in an affordable home.
Extremes.
Now try on some median lens.
Posted on 7/31/26 at 7:33 pm to Scruffy
quote:
Agreed. You also shouldn’t have to live in the ghetto or in the sticks in order to live in an affordable home.
lol. Ok so please explain the logistics here.
You have 7+ mil people in DFW. You want them to all live within 20 mins of downtown. And you want them to all be able to afford a home with a yard in their mid 20s?
How delusional are some of you?
This post was edited on 7/31/26 at 7:35 pm
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