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1
Posted on 7/31/26 at 10:50 pm to GoCrazyAuburn
I wish.
Would have been more fun.
Would have been more fun.
Posted on 7/31/26 at 10:51 pm to LSUFanHouston
quote:
In your 20s you paid 320k for a starter home and 2800 a month in student loans and child care costs?
I never said I was in my 20's or starter home.
Don't miss the point that we have all had to go through tough times because you want to dig into the details.
I'm not going to post too much personal info but at one point I was paying two house notes, two car notes, 3 kids in daycare, and student loans for both me and my wife.
Again the point is everyone struggles along the way. Whether its a financial crisis in your 20's, 30's, 40's is irrelevant they are still tough times.
Posted on 7/31/26 at 10:56 pm to Scruffy
Posted on 7/31/26 at 10:57 pm to GoCrazyAuburn
Posted on 7/31/26 at 11:00 pm to armytiger96
quote:
I'm not going to post too much personal info but at one point I was paying two house notes, two car notes, 3 kids in daycare, and student loans for both me and my wife.
This honestly doesn’t shock me considering your posts in this thread.
Also, work on your grammar
Posted on 7/31/26 at 11:04 pm to CPA Yung Boi
On a sports message board you're going to call somebody out on their grammar. What kind of b**** are you. That should have been a question mark but I think we all know that you just a b****.
Posted on 7/31/26 at 11:07 pm to Scruffy
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.
Scruffy, thanks for the lecture. Just know there are multiple houses in the heart of St George that as far as I'm concerned is still a good neighborhood for sale right now for around $250K.
I'm not selling anything. I'm using it as anecdotal evidence that the 1970's house bought at 18% interest rates back then are for sale today at the adjusted for inflation calculation that you came up with.
Posted on 7/31/26 at 11:25 pm to CPA Yung Boi
quote:
This honestly doesn’t shock me considering your posts in this thread. Also, work on your grammar
And considering your posts in this thread it doesn't shock me that you're buying into the affordability crisis hook, line and sinker.
Posted on 7/31/26 at 11:25 pm to armytiger96
Can I do one more “theoretical”?
A 1970s home would be ~50 years old now.
In 1970, I assume it would be the equivalent of purchasing a 1920s home.
So, I think a fair comparison would be the price of a 1920s home in 1970.
This is fun, by the way.
From what info is available, the average price of an EXISTING family home in 1970 was ~$17,000.
Which, per the inflation calculator, would equal to ~$150,000.
I think this is where we see the discrepancy. The $250,000 is the cost of a new home, which would correlate closer to the average price of a new build in 1970.
So, I’m changing the rules with more variables.
If the home you were raised in was built in the 1970s, as an existing home, it should actually be closer to that $150,000.
A 1970s home would be ~50 years old now.
In 1970, I assume it would be the equivalent of purchasing a 1920s home.
So, I think a fair comparison would be the price of a 1920s home in 1970.
This is fun, by the way.
From what info is available, the average price of an EXISTING family home in 1970 was ~$17,000.
Which, per the inflation calculator, would equal to ~$150,000.
I think this is where we see the discrepancy. The $250,000 is the cost of a new home, which would correlate closer to the average price of a new build in 1970.
So, I’m changing the rules with more variables.
If the home you were raised in was built in the 1970s, as an existing home, it should actually be closer to that $150,000.
This post was edited on 7/31/26 at 11:30 pm
Posted on 7/31/26 at 11:36 pm to Scruffy
quote:
Can I do one more “theoretical”?
You can do whatever you want. It doesn't change the fact that there are affordable starter homes out there for the "woe is me generation."
Posted on 8/1/26 at 1:03 am to armytiger96
quote:
there are affordable starter homes out there for the "woe is me generation."
Long as you dont mind having to shoot your way in and out of them.
Posted on 8/1/26 at 1:32 am to Odysseus32
The housing market in America is closed to lazy people only.
Posted on 8/1/26 at 3:58 am to Weekend Warrior79
quote:
They want the nice 3-4 beds, 2+ baths, in a nice neighborhood right away,
Yep. You figured it out. Between that and cutting out the Starbucks every morning, we should have the ongoing housing crisis figured out in no time. It couldnt possibly be anything else.
Subsidized housing? No way.
Past their prime manager class still thinking $45-50k is a good salary because they “made way less at that age”? Pshh
Private investment firms buying out homes en masse to then have a subsidiary company rent them out and also collect on section 8 benefits? Come on man.
Inflation from several different sources and only being a few years removed from the largest shifting of wealth upward in the last 100 years or so due to a particularly bad flu?
It’s gotta be the avacado toast. Who knew that the kryptonite to the entire housing market was kale chips and Uber Eats?
Quick, someone call Trader Joe’s- It’s high time they answer for selling overpriced Cashew Butter with impunity while causing the collapse of the entire real estate market
Posted on 8/1/26 at 7:08 am to LSUA 75
quote:
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.
Posted on 8/1/26 at 7:42 am to Odysseus32
I heard a radio host talk about how the 2 income family changed the housing market.
We buy the husband worked in every household then the housing market was set at the one income. But houses were small 1250-1500 was normal.
When the wife started working as well, families could afford bigger houses with a larger price tag. Those smaller houses became the low income area houses that brought with it low income problem people.
Fast forward to now. And you have to buy the expensive house just for the “safe area”. And you need two incomes to get that house and more and more families are over extending to do it.
There are no more starter houses/starter neighborhoods. They are not “safe” neighborhoods.
Now enter DSLD/DR Horton type communities that are quickly built in condensed subdivisions. These draw those that want more but can’t afford a good house and it fills the in between market but quickly fall into drawing lesser residents wand they go down quickly.
We buy the husband worked in every household then the housing market was set at the one income. But houses were small 1250-1500 was normal.
When the wife started working as well, families could afford bigger houses with a larger price tag. Those smaller houses became the low income area houses that brought with it low income problem people.
Fast forward to now. And you have to buy the expensive house just for the “safe area”. And you need two incomes to get that house and more and more families are over extending to do it.
There are no more starter houses/starter neighborhoods. They are not “safe” neighborhoods.
Now enter DSLD/DR Horton type communities that are quickly built in condensed subdivisions. These draw those that want more but can’t afford a good house and it fills the in between market but quickly fall into drawing lesser residents wand they go down quickly.
Posted on 8/1/26 at 7:54 am to Weekend Warrior79
quote:
All joking aside, what I have seen that is changing is people are not planning to temporarily settle. They want the nice 3-4 beds, 2+ baths, in a nice neighborhood right away, and won't consider eating shite for a few years to also make that happen.
I agree this is a major part of the problem. People complain about boomers. But they started small and upgraded as life went on. Now everyone wants their “forever house” right away. Gotta have all the latest trendy items in the house as well and need 2700-3000 sq ft.
And because of this mentality, the market seems to only be building these size houses. Look around Zillow. Only this new being built are non-starter subdivisions.
Posted on 8/1/26 at 7:57 am to tigeraddict
I think this about sums it up.
You need a 2 income household, ideally where both parents make above the median salary.
If one doesn't, with the cost of daycare and all that's needed to raise a child in early life, the excess over the cost of daycare doesn't equal the effort. So one parent stays home. So now you're a single income household. A 200k 2 bed/1.5 bath wouldn't be bad at all for your family, but not when the next block over is in actual disrepair.
You need a 2 income household, ideally where both parents make above the median salary.
If one doesn't, with the cost of daycare and all that's needed to raise a child in early life, the excess over the cost of daycare doesn't equal the effort. So one parent stays home. So now you're a single income household. A 200k 2 bed/1.5 bath wouldn't be bad at all for your family, but not when the next block over is in actual disrepair.
Posted on 8/1/26 at 8:06 am to AlterDWI
quote:
That was all well & good 40+ years ago when there were safe peaceful middle-low income neighborhoods. That's called the ghetto now & nobody wants to live there.
There are still areas around Bham where a fix-it-up starter home can be had for under $250k. Leeds and Irondale immediately come to mind.
Posted on 8/1/26 at 8:12 am to Odysseus32
quote:
you will be a perpetual renter, or you will buy in a shitty area in most major metros.
What happens if all the blue collar workers making $70k a year all move to a shitty area and buy homes? They turn that shitty area into a lower-middle class neighborhood.
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