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re: Is The Economy really bad?

Posted on 8/25/25 at 5:17 pm to
Posted by HouseMom
Member since Jun 2020
1933 posts
Posted on 8/25/25 at 5:17 pm to
quote:

We also had someone say that if we stopped drinking coffee for 5 years we could put a down payment on a home Thread is BOOMing, if you get my drift.


To be fair, I was replying to someone else who said that 300 Starbucks drinks a year would be $2700. I just said that a person could save that money for 5 years and have a 5% down payment on a starter home.

And I'm hardly a Boomer.
Posted by UtahCajun
Member since Jul 2021
5397 posts
Posted on 8/25/25 at 5:35 pm to
quote:

How much do you figure doing that has saved you


At least $3.50/year bruh
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74772 posts
Posted on 8/25/25 at 5:36 pm to
quote:

He passed more legislation


I didn’t realize “passing legislation” was considered an accomplishment. which pieces of legislation specifically do you consider to be an accomplishment?

quote:

The only thing Trump has ever passed is tax cuts for the rich.



blah blah, blah blah, blah blah…OMB.
Posted by el Gaucho
He/They
Member since Dec 2010
59146 posts
Posted on 8/25/25 at 5:38 pm to
The only way things will get better is if we get rid of about 50 million illegals
Posted by UtahCajun
Member since Jul 2021
5397 posts
Posted on 8/25/25 at 5:39 pm to
Bruh, we down to politics now?

Does either side realize that we have had multiple presidents, from both sides of the aisle and yet...here we are.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74772 posts
Posted on 8/25/25 at 5:49 pm to
i didn’t start this fight.
all I’ve done is ask logical questions.

skedaddle
Posted by N2cars
Member since Feb 2008
39568 posts
Posted on 8/25/25 at 5:52 pm to
Look man, I was broke, but my hair was one of my few assets.

I was so broke I had to buy groceries at the Shell station b/c that's only CC I had.
Posted by Rize
Spring Texas
Member since Sep 2011
19364 posts
Posted on 8/25/25 at 6:24 pm to
quote:

Those are all fine for starter homes. However they’re right on that line of 20 minutes from downtown. So in order to get something affordable as a better than average earner in your mid to late 20s, you have to commute half an hour each way in a mid sized city like BR, which should be on the lower end on cost of living. That’s my entire point. It, of course, isn’t impossible. Just way shittier than it used to be


I paid that for my starter home in Charlotte in 2006. Those are some nice houses they posted and I think I had a 20 minute drive to work and my wife 20 minutes also. Trying to figure out what you’re getting at.

A 30 minute commute is nothing around Baton Rouge. I tried to stay within 15 miles of work and there were plenty of places to live in the St. George area.
This post was edited on 8/25/25 at 6:29 pm
Posted by Sun God
Member since Jul 2009
51909 posts
Posted on 8/25/25 at 6:40 pm to
For starters

Living in Denham Springs is basically equal to living in BR

Telling us about your first two homes without any financial details
This post was edited on 8/25/25 at 6:42 pm
Posted by Sun God
Member since Jul 2009
51909 posts
Posted on 8/25/25 at 6:42 pm to
How are y’all missing his point so badly?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/25/25 at 6:46 pm to
quote:

How are y’all missing his point so badly?


Coming from the poster who constantly tells us he’s been a DINK for nearly two decades and is self admittedly bad with money
Posted by Rize
Spring Texas
Member since Sep 2011
19364 posts
Posted on 8/25/25 at 6:48 pm to
quote:

How are y’all missing his point so badly?


I guess I just don’t get it.
Posted by BigNastyTiger417
Member since Nov 2021
5617 posts
Posted on 8/25/25 at 6:57 pm to
People will always spend. People can no longer make their money stretch like they used too.
Posted by Sun God
Member since Jul 2009
51909 posts
Posted on 8/25/25 at 7:07 pm to
You posted an anecdote from Charlotte while the rest of us are talking about the market as a whole

I’ll post another anecdote

My house in BR should be about 250K just based on inflation from 2012

Right now I could sell it for 350K+

The lot itself is worth 200K+
Posted by gaetti15
AK
Member since Apr 2013
15289 posts
Posted on 8/25/25 at 7:10 pm to
quote:

My house in BR should be about 250K just based on inflation from 2012

Right now I could sell it for 350K+

The lot itself is worth 200K+


Which is a joke given interest rates. And how much insurance and property taxes and what not have increased.

Posted by Rize
Spring Texas
Member since Sep 2011
19364 posts
Posted on 8/25/25 at 7:12 pm to
quote:

You posted an anecdote from Charlotte while the rest of us are talking about the market as a whole I’ll post another anecdote My house in BR should be about 250K just based on inflation from 2012 Right now I could sell it for 350K+ The lot itself is worth 200K+



So what I meant was I paid the same amount for those houses posted 20 years ago so those are very reasonable. Add to that the fact that people are starting jobs way higher now vs back then it’s not a bad deal.
This post was edited on 8/25/25 at 7:13 pm
Posted by greenbean
USAF Retired - 31 years
Member since Feb 2019
6363 posts
Posted on 8/25/25 at 7:13 pm to
quote:

You are what you’re railing against


Starting out, if you're not paycheck to paycheck, you're fortunate. We still were able to fund retirement accounts and save a little. We wasted zero money for an almost 20 years.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/25/25 at 7:15 pm to
quote:

Starting out, if you're not paycheck to paycheck, you're fortunate. We still were able to fund retirement accounts and save a little. We wasted zero money for an almost 20 years.


So you weren’t paycheck to paycheck

Answer this simple question, should someone making $120k today be living paycheck to paycheck or should the be able to afford an above average lifestyle?
Posted by Sun God
Member since Jul 2009
51909 posts
Posted on 8/25/25 at 7:16 pm to
quote:

We wasted zero money for an almost 20 years.

Posted by jeff5891
Member since Aug 2011
15962 posts
Posted on 8/25/25 at 7:17 pm to
quote:

We’re seeing a huge shift in the economy where people are saving less and less and don’t even really dream of being homeowners


Thanks, Donald
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