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re: I think people need to accept that the housing window has closed
Posted on 7/31/26 at 9:26 pm to Odysseus32
Posted on 7/31/26 at 9:26 pm to Odysseus32
Or you can make enough money to buy your kids houses and alleviate them of all that bullshite all together
They didnt ask to be brought into this shithole world
If you dont earn enough to buy your kids a house you failed. Period.
They didnt ask to be brought into this shithole world
If you dont earn enough to buy your kids a house you failed. Period.
0
Posted on 7/31/26 at 9:32 pm to GoCrazyAuburn
quote:
And I already addressed this because your answer is basically “I just don’t believe it”. IRS data is also in line with that approximation, since you don’t want to believe the census.
You didn't address anything. You just try to call people out because they question the data set that you believe.
No my first statement was I don't trust census data. LA's $60K is pulled from census data too. Show me a single post in this thread that where I referenced $83K as the median I was referencing.
You can believe whatever you want to believe. You know what else is in that line, part time workers, seasonal workers, retirees, student workers, gig workers, people who work on a cash basis, and WELFARE RECIPIENTS. It's also misleading because it lumps in single people with dual incomes. If you want to believe that $83K is the median household income for dual income families working full time jobs to discuss affordability of buying a house then go right ahead! I'm not!
In my opinion its asinine to use national median numbers to discuss a local, regional, even national affordability problems. There are way too many variables and market variations for the statistics to be useful other than perpetuating an agenda.
Posted on 7/31/26 at 9:33 pm to armytiger96
quote:
How about welcome to adulthood. You think you're the first to experience this? We've all been there . . .
In your 20s you paid 320k for a starter home and 2800 a month in student loans and child care costs?
Posted on 7/31/26 at 9:38 pm to armytiger96
quote:
You didn't address anything. You just try to call people out because they question the data set that you believe.
quote:
You can believe whatever you want to believe
Here’s the difference between you and I. I’m not believing anything. I’m using what the data shows. You want to argue based off of conjecture. That is what I’m disagreeing with.
This post was edited on 7/31/26 at 9:41 pm
Posted on 7/31/26 at 9:38 pm to armytiger96
quote:
You didn't address anything. You just try to call people out because they question the data set that you believe.
No my first statement was I don't trust census data. LA's $60K is pulled from census data too. Show me a single post in this thread that where I referenced $83K as the median I was referencing.
You can believe whatever you want to believe. You know what else is in that line, part time workers, seasonal workers, retirees, student workers, gig workers, people who work on a cash basis, and WELFARE RECIPIENTS. It's also misleading because it lumps in single people with dual incomes. If you want to believe that $83K is the median household income for dual income families working full time jobs to discuss affordability of buying a house then go right ahead! I'm not!
In my opinion its asinine to use national median numbers to discuss a local, regional, even national affordability problems. There are way too many variables and market variations for the statistics to be useful other than perpetuating an agenda.
You’ve embarrassed yourself this whole thread but I’d be shocked if you could top this. Damn.
Posted on 7/31/26 at 9:40 pm to Odysseus32
Bought my first house in 2010 for 165k. Sold it 5 years later for 195k.
Same house just sold for 300. 2br 2 ba 1500 sq ft. Pretty shitty construction
Same house just sold for 300. 2br 2 ba 1500 sq ft. Pretty shitty construction
Posted on 7/31/26 at 9:43 pm to Shexter
“ In 1970,I paid $28k for my first house”
I ran the numbers you quoted on US Inflation Calculator.
In 1970 $28 k =$240,996 in 2026 dollars-cumulative rate of inflation 760.7%
In 1995 $98 k =$214,746 in 2026 dollars-cumulative rate of inflation 119.1%
I assume those numbers are correct,I think they are.
AI Overview says $2.00 1970 is worth about $17.27 today,total increase 763.7% overall change.Yearly average since 1970 3.93%.
In 1970 your parents didn’t have cellphones,internet,cable tv.Going out to eat was only for special occasions.Probably had 1 B&W television.Might not have even had AC.
All those things we consider essential add up.Not judging,me and wife have all that.Dish Satellite,Starlink,3 color tv’s)(tv’s are cheaper these days).We rarely go out to eat but we are the exception out of the people we know.
I ran the numbers you quoted on US Inflation Calculator.
In 1970 $28 k =$240,996 in 2026 dollars-cumulative rate of inflation 760.7%
In 1995 $98 k =$214,746 in 2026 dollars-cumulative rate of inflation 119.1%
I assume those numbers are correct,I think they are.
AI Overview says $2.00 1970 is worth about $17.27 today,total increase 763.7% overall change.Yearly average since 1970 3.93%.
In 1970 your parents didn’t have cellphones,internet,cable tv.Going out to eat was only for special occasions.Probably had 1 B&W television.Might not have even had AC.
All those things we consider essential add up.Not judging,me and wife have all that.Dish Satellite,Starlink,3 color tv’s)(tv’s are cheaper these days).We rarely go out to eat but we are the exception out of the people we know.
This post was edited on 7/31/26 at 10:08 pm
Posted on 7/31/26 at 9:43 pm to armytiger96
quote:Yes, when I first started out, I absolutely would.
But would you buy a 1,700 SF house with 8ft popcorn ceilings, wood panelling walls, no crown molding, linoleum floors, formica countertops and light fixtures that are as bare bones as it gets?
Now, I am far enough in my career where I am on house 3 and I don’t have to.
My objection with this has nothing to do with my current status.
quote:If prices were appropriate, that home would be less than $258,000 today, especially in St. George/Baton Rouge.
Funny you mention adjusted for inflation because Zillow says the 1970's home that I just described to you is valued at $258,000 and there are multiple houses in that lovely St George neighborhood for sale at that price for someone looking for a good starter home.
But I am assuming you are referencing a newly built home if that description, not an older fixer-upper.
If so, yes, that would be appropriate at $250,000.
This post was edited on 7/31/26 at 9:47 pm
Posted on 7/31/26 at 9:43 pm to CPA Yung Boi
It’s impressive. IRS and Census data shouldn’t be used when doing analysis. That’s a new one 
Posted on 7/31/26 at 9:45 pm to Scruffy
quote:
But would you buy a 1,700 SF house with 8ft popcorn ceilings, wood panelling walls, no crown molding, linoleum floors, formica countertops and light fixtures that are as bare bones as it gets?
By the way, that was nice shite and in style at that time. Now it’s old and out of style and costs more
Posted on 7/31/26 at 9:50 pm to Odysseus32
quote:
The traditional route is go to school, do well in school, get a job, rise the ranks
My daughter did all that and bought a house earlier this year at 28 years old.
Posted on 7/31/26 at 9:53 pm to armytiger96
quote:
Zillow says the 1970's home that I just described to you is valued at $258,000 and there are multiple houses in that lovely St George neighborhood for sale at that price for someone looking for a good starter home.
Dont trust a god damn thing that website says about prices
Posted on 7/31/26 at 9:55 pm to Scruffy
quote:
Scruffy
fricking on fire since joining this thread.
Keep spitting at them mo fos
This post was edited on 7/31/26 at 9:55 pm
Posted on 7/31/26 at 9:58 pm to Cosmo
quote:
Bought my first house in 2010 for 165k. Sold it 5 years later for 195k.
Same house just sold for 300. 2br 2 ba 1500 sq ft. Pretty shitty construction
True story about my first house. 225 to 325 from 2016 to 2023.
Alaska housing is fricked though because of supply issues. When i moved out there in 2016. I got a house with a 65K salary for 225K with down payment assistance. I was approved to 250K...which in Anchorage back then would buy you a shithole in Mountain View that was built in the 50s. So the house was 45 beautiful minutes to the north
This post was edited on 7/31/26 at 10:00 pm
Posted on 7/31/26 at 10:14 pm to Scruffy
quote:
Yes, when I first started out, I absolutely would.
Same here; my first house was much smaller and according to Zillow $215K
quote:
If prices were appropriate, that home would be less than $258,000 today, especially in St. George/Baton Rouge. But I am assuming you are referencing a newly built home if that description, not an older fixer-upper. If so, yes, that would be appropriate at $250,000.
I'm addressing the house I grew up in. Zillow says its worth around $258K and there are two down the street currently for sale in that neighborhood for around that price.
Newly built homes are much more expensive because the market would reject that same house today because it doesn't have all of the modern amenities and finishes.
Posted on 7/31/26 at 10:24 pm to armytiger96
quote:Well, the question in that situation is whether it is the house or the land worth that.
I'm addressing the house I grew up in. Zillow says its worth around $258K and there are two down the street currently for sale in that neighborhood for around that price.
There are a multitude of homes around me that were built in the 70s/80s. They are being sold for $400k because the land is worth that.
The home is then torn down and a new modern home is built, which is then sold for $1.25 million.
Your home is not likely worth the $258k. It is likely worth much less than that, but it can be bought for more by a developer who will tear it down and build a modern home to sell for more.
That process has inflated prices heavily in many areas.
quote:At the same time, if your home is in a good area and was priced appropriately, less than $258k, I bet you it would sell to a young individual/family fairly quickly.
Newly built homes are much more expensive because the market would reject that same house today because it doesn't have all of the modern amenities and finishes.
This post was edited on 7/31/26 at 10:27 pm
Posted on 7/31/26 at 10:30 pm to PGAOLDBAWNevahBroke
quote:
You sound lower middle class
I absolutely was
I was making like 60k
Posted on 7/31/26 at 10:31 pm to Scruffy
Scruffy went to medical school in the caribbean and never did a fellowship so he's a bottom of the barrel general practicioner who likes to speak intellectually about economic matters
scruffy likes to hear himself talk and thinks he knows it all
scruffy needs to stfu
ETA!!!
No offense to the PCPs out there intended! Thank you for checking my labs!
scruffy likes to hear himself talk and thinks he knows it all
scruffy needs to stfu
ETA!!!
No offense to the PCPs out there intended! Thank you for checking my labs!
This post was edited on 8/1/26 at 5:19 am
Posted on 7/31/26 at 10:48 pm to Recognizable Poster
quote:
Scruffy went to medical school in the caribbean and never did a fellowship so he's a bottom of the barrel general practicioner who likes to speak intellectually about economic matters
Well, that isn’t Scruffy at all.
Didn’t go to the Caribbean and did do a fellowship.
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