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re: I think people need to accept that the housing window has closed
Posted on 8/1/26 at 8:20 am to Aubie Spr96
Posted on 8/1/26 at 8:20 am to Aubie Spr96
quote:
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.
These areas are almost everywhere, there's just ignorant people in this thread that don't get out of their shells.
I don't know DFW. But there are absolutely starter areas in Nashville, Bham, Pensacola, Mobile, Houston, etc.
If you are in DFW, Atlanta, Nashville, or Austin and don't get good money then you are stupid to live there. I'm sorry. There are a lot of people that area paid well to live there, if you aren't one that's a you problem.
My dad was an officer in the Air force in the 80s and 90s, they didn't buy a house until I was 15 or 16. We lived rented townhomes, duplex's, mobile homes, etc. depending on the situation.
This idea that the American dream has always been a guaranteed right to purchase a 3/2 2000 sq ft starter home in your 20s is just absurd.
2
Posted on 8/1/26 at 8:38 am to baldona
In regards to school systems, if you can afford to live in the "best" public school systems thats great. I currently live and chose to live in a great public school system.
But there's plenty of areas with average public school systems, if that's all you can afford your kid will be more than fine. There's tons of kids every year from average school systems that thrive at SEC schools. I know plenty of kids from avg school systems that went to an Ivy league.
There's more to education than having the "best". Its like saying your kid won't be successful in live because they went to LSU, Miss St, or Ole miss and didn't go to Vandy or Ga Tech because it was too expensive.
ETA: INB4 if my kid isn't in the best school district they will be shot or do meth
But there's plenty of areas with average public school systems, if that's all you can afford your kid will be more than fine. There's tons of kids every year from average school systems that thrive at SEC schools. I know plenty of kids from avg school systems that went to an Ivy league.
There's more to education than having the "best". Its like saying your kid won't be successful in live because they went to LSU, Miss St, or Ole miss and didn't go to Vandy or Ga Tech because it was too expensive.
ETA: INB4 if my kid isn't in the best school district they will be shot or do meth
This post was edited on 8/1/26 at 8:39 am
Posted on 8/1/26 at 8:45 am to ShoeBang
quote:
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?
This is what kills me.
Covid completely fricked shite up for housing and the economy
Its still not the same and I have my doubts we will ever return to pre-2020 days
Posted on 8/1/26 at 8:47 am to baldona
quote:
ETA: INB4 if my kid isn't in the best school district they will be shot or do meth
Its more about trying to find schools that dont teach wokeness and all that gender BS.
But I guess the state of Alabama is Gods gift to humanity for living a good life:barf:
Posted on 8/1/26 at 9:02 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.
For the most part, this.
Younger buyers tend to consider their "starter home" what was a mid/high end home when I was buying my first.
Problem is that other that DSLD and D.H. Horton homes, the low 200k new home is a thing of the past.
Older homes in decent neighborhoods are, for the most part, still overpriced from the Covid boom.
Posted on 8/1/26 at 9:30 am to baldona
quote:
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.
quote:Whats ignorant is not realizing paying 250k for a home that needs work 40 minutes from your job is not fricking ideal for a “starter” home. That’s expensive as frick and shows the problem
These areas are almost everywhere, there's just ignorant people in this thread that don't get out of their shells.
This post was edited on 8/1/26 at 9:32 am
Posted on 8/1/26 at 9:33 am to udtiger
quote:For the most part, no. The younger generation have fallen in love with smaller 50s/60s builds. They aren’t McMansion buyers
For the most part, this.
Problem is these 1200 afoot houses that are not 70 years old go for 300k at the cheapest in places like freaking Kenner and Metairie
This post was edited on 8/1/26 at 9:33 am
Posted on 8/1/26 at 9:44 am to baldona
quote:most affordable "starter homes" in/near sunbelt cities will mean your kids are entering a racial jungle every day at school
In regards to school systems, if you can afford to live in the "best" public school systems thats great. I currently live and chose to live in a great public school system.
But there's plenty of areas with average public school systems, if that's all you can afford your kid will be more than fine. There's tons of kids every year from average school systems that thrive at SEC schools. I know plenty of kids from avg school systems that went to an Ivy league.
There's more to education than having the "best". Its like saying your kid won't be successful in live because they went to LSU, Miss St, or Ole miss and didn't go to Vandy or Ga Tech because it was too expensive.
ETA: INB4 if my kid isn't in the best school district they will be shot or do meth
Posted on 8/1/26 at 9:54 am to lsupride87
quote:
Whats ignorant is not realizing paying 250k for a home that needs work 40 minutes from your job is not fricking ideal for a “starter” home. That’s expensive as frick and shows the problem
I would kill for a $250k house in a safe neighborhood that needs a little work 40 mins from work. That house in DFW would be about $500k
Posted on 8/1/26 at 9:57 am to GreatLakesTiger24
quote:
most affordable "starter homes" in/near sunbelt cities will mean your kids are entering a racial jungle every day at school
Look at this millenial whining that his kid got stabbed at a track meet
Posted on 8/1/26 at 10:35 am to el Gaucho
quote:
Look at this millenial whining that his kid got stabbed at a track meet
Made me laugh harder than I should have.
One of your best in awhile
Posted on 8/1/26 at 11:12 am to MC5601
quote:
55% of Americans say they could not afford the home they currently live in if they were to buy at current market prices
Yep. We bought our house in 2018, was supposed to be our starter home. With our home value more than doubling and the interest rates tripling, if we sold our house and rolled all the equity into a new home, we could basically afford to buy our sand house but still have a higher mortgage payment. So we’ll be staying out for the foreseeable future. Fun stuff
Posted on 8/1/26 at 11:28 am to Odysseus32
You said nothing factual or insightful.
Like wtf does this even mean?
Real estate is a generally appreciating asset that you can borrow on with very little down at some of the lowest interest rates available to consumers. People that are too afraid to borrow will have a much harder time building wealth than those who do.
And those shitty areas that you speak of are typically fine places to live. There is obviously going to be trade offs between different locations, with the most desirable being the least affordable. That isn’t a new phenomenon
Rates are up for everyone. Housing prices are up everywhere. Construction costs are up everywhere. rents follow suit. It is what it is. With real estate, you just have to be in the game or else you actually will get left behind. Buy what you can afford and move when you can. Rent in the city and own in the suburbs.
Bottom line is this sentiment is how poor people stay poor.
quote:
you make 70k in 2025, your wife will either have to work, you will be a perpetual renter, or you will buy in a shitty area in most major metros.
Like wtf does this even mean?
Real estate is a generally appreciating asset that you can borrow on with very little down at some of the lowest interest rates available to consumers. People that are too afraid to borrow will have a much harder time building wealth than those who do.
And those shitty areas that you speak of are typically fine places to live. There is obviously going to be trade offs between different locations, with the most desirable being the least affordable. That isn’t a new phenomenon
Rates are up for everyone. Housing prices are up everywhere. Construction costs are up everywhere. rents follow suit. It is what it is. With real estate, you just have to be in the game or else you actually will get left behind. Buy what you can afford and move when you can. Rent in the city and own in the suburbs.
Bottom line is this sentiment is how poor people stay poor.
Posted on 8/1/26 at 11:36 am to lsupride87
quote:
Whats ignorant is not realizing paying 250k for a home that needs work 40 minutes from your job is not fricking ideal for a “starter” home. That’s expensive as frick and shows the problem
What is ignorant is ignoring that we are in a real estate bubble from 2022.
Ignorant is living under the delusion that real estate cycles are dead and bubbles will never burst or neutralize.
Ignorant is using the oxymoron "ideal starter home". The lack of "ideal" is what makes it a starter home.
It absolutely is more difficult today to be a first time homebuyer. That is what defines a bubble. And americans suffered through multiple bubbles over the past 100 years.
And Americans have come out the other end of bubbles multiple times over the past 100 years.
Ignore basic economics at your own risk.
Posted on 8/1/26 at 11:58 am to OceanMan
quote:
You said nothing factual or insightful.
You really knocked it out the park with your retort.
Posted on 8/1/26 at 12:09 pm to lsupride87
quote:
Whats ignorant is not realizing paying 250k for a home that needs work 40 minutes from your job is not fricking ideal for a “starter” home. That’s expensive as frick and shows the problem
A little more ignorant not realizing the term “starter” home connotes that it is not your “ideal” home.
And how do you figure $250k is “expensive as frick”? Would the materials and labor to build it new cost more or less than that? How much do you value the land underneath it?
Posted on 8/1/26 at 12:32 pm to Odysseus32
quote:
You really knocked it out the park with your retort.
I’m not even sure what your actual point is, so maybe you missed mine so I’ll say it again. People that agree with you and avoid buying homes because they think they are too expensive will see that become more and more true as they age. Housing has and will continue to be an appreciating asset which provides utility that everyone needs. In 20 years when every house is over $1M people will say it’s not fair that the parents bought it for $300k, just like every subset of years mentioned in this thread.
Claiming that the “housing window has closed” is a bizarre notion. Do you live in a house or housing unit? Do you know anyone that doesn’t? Are you aware of any housing units that are not owned by someone?
The US has perhaps the lowest home prices relative to income in the developed world. Is it more expensive than it used to be? Yes. Is there still headroom for values to increase? Yes.
Again, your line of thinking is a poor person mentality. That’s not meant to be an insult.
Posted on 8/1/26 at 12:42 pm to meansonny
quote:
What is ignorant is ignoring that we are in a real estate bubble from 2022.
Prices have been rising since 2008. Hell of a “bubble”
Posted on 8/1/26 at 12:43 pm to OceanMan
quote:Are you that slow?
A little more ignorant not realizing the term “starter” home connotes that it is not your “ideal” home.
quote:For a starter home that needs work? Yes
And how do you figure $250k is “expensive as frick”?
Yall are so damn ignorant on this topic every damn time it comes up
The fact you and others think finding a home in rural Alabama 45 minutes from any economy for 250k that still needs work is a good sign of the American dream is frightening
A mere 10 years ago I bought a completely updated house just 15 minutes from downtown New Orleans for 225k
This post was edited on 8/1/26 at 12:49 pm
Posted on 8/1/26 at 12:55 pm to lsupride87
quote:
Are you that slow?
Are you? A starter home is not ideal. That’s why it’s called a starter home. How much simpler can this concept be framed?
quote:
Yall are so damn ignorant on this topic every damn time it comes up
I have a real estate salesperson license, an appraisal license, have owned rentals and other RE investments, advise on investment properties professionally, own my home and had to rebuild it after Ida. I’m not ignorant when it comes to real estate.
quote:
For a starter home that needs work? Yes
“Needs work” is not sufficiently descriptive to assess how expensive it actually is. And you are just straight up wrong - there are houses in Metairie and Kenner that are larger and have lower listed prices than what you previously described. Everyone that has access to this web page has access to that information.
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