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Started By
Message
re: Millenial homeowners "get real" about their success
Posted on 6/5/19 at 12:24 pm to RogerTheShrubber
Posted on 6/5/19 at 12:24 pm to RogerTheShrubber
quote:
We are talking about in the city. Burbs are usually less expensive.
Less expensive than the actual city? Yes.
Typically much more expensive than the average us home? Also yes.
It's still very expensive to own a home in Oakland, the woodlands, Cambridge, Arlington, Anaheim and Newark.
2
Posted on 6/5/19 at 12:24 pm to Janky
quote:
That is the whole point of this thread. Millenials are lazy.
Thanks grandpa.
Posted on 6/5/19 at 12:28 pm to NYNolaguy1
quote:
Thanks grandpa.
And sensitive.
Posted on 6/5/19 at 12:28 pm to NYNolaguy1
I stopped reading at 'Buzzfeed.' They are complete garbage.
Posted on 6/5/19 at 12:29 pm to JohnnyKilroy
quote:
It's still very expensive to own a home in Oakland, the woodlands, Cambridge, Arlington, Anaheim and Newark.
Agree. But in any metro area you'll find something affordable. With just a couple of exceptions.
Even in Seattle metro you can find affordable, commutable housing. Hell, in the bay area you can find 300k homes, but you'll have to do some work on em.
This post was edited on 6/5/19 at 12:32 pm
Posted on 6/5/19 at 12:36 pm to Muthsera
quote:
I think the actual transmission of wealth should mostly be banned, actually.
Says the forever alone crowd.
quote:
We should chuck the whole mortgage interest tax deduction scam
Yeah, tax home owners on interest. That's the cool thing to do, man.
quote:
prohibit lenders from borrowing to people in the areas that are going to be underwater due to climate change,
Brain damage confirmed.
quote:
institute an extremely large (up to 99.5%) inheritance tax on the Jeff Bezoses of the world
Why? Jealousy. I am jealous, so tax this guy all of his wealth and give it to the government who we all know, never act on their own self interests.
quote:
Also, we should get rid of local property taxes, ensure all schools are good
Hmmm, get rid of taxes, but ensure all schools are "good". How are you going to pay for those local public schools if you get rid of property taxes?
quote:
, and recognize that the entire "wealth" generated through housing is just another word for profiteering off of racism.
So appreciation of assets is profiteering off of racism.
Millenials and Liberals are the worst people alive. They deserve any financial hardships they experience.
Posted on 6/5/19 at 12:39 pm to MrJimBeam
quote:
While 164k may be the median price, there aren't many places in Baton Rouge you can find that aren't a shithole or in the ghetto for that price. Or a 2/1 950 home built in 1962.
That's simply not true.
We are talking about starter homes - not something that you're in at 50. But that's how you build equity and eventually wealth.
There are a lot of small (2 Br/2 Ba) homes and condos all around Baton Rouge - in decent areas.
Just looking at realtor.com, there are eight condos for sale (2 Br) between $110K-140K within a quarter of a mile from the Jefferson/Bluebonnet intersection (a really nice part of town)
The problem is that these handful of whiners think that they should be in some modern build/renovated 4 bedroom, 3,000 sq. foot home at the age of 27.
This post was edited on 6/5/19 at 12:42 pm
Posted on 6/5/19 at 12:45 pm to Scruffy
quote:
and there simply isn't anything like that in our market under $1 million.
What a dumbass.
He's in Boston. It's all relative to where you live. An old, tiny, 400 sq', postage stamp of a condo in Back Bay will cost you well over a half million.
Posted on 6/5/19 at 12:46 pm to Antonio Moss
quote:
Just looking at realtor.com, there are eight condos for sale (2 Br) between $110K-140K within a quarter of a mile from the Jefferson/Bluebonnet intersection (a really nice part of town)
You can definitely find a home in a few of the suburbs for that price too. Our first house looks like it's valued at about 160k now. 3BR 2BA brick home around 1500 sq ft.
Posted on 6/5/19 at 12:49 pm to JohnnyKilroy
Haven’t read the thread
Let me guess, a lot of older people refusing to acknowledge that the relative cost of living has out priced inflation and it is in fact more expensive for the younger generation
Was I close?
Let me guess, a lot of older people refusing to acknowledge that the relative cost of living has out priced inflation and it is in fact more expensive for the younger generation
Was I close?
This post was edited on 6/5/19 at 12:50 pm
Posted on 6/5/19 at 12:52 pm to lsunurse
quote:
Even in places outside the South that don't have what is considered a high cost of living...$150K isn't getting you much at all. Nothing in a safe neighborhood at least.
lol what.
You don't think you can find a 150k house in rural Indiana, Ohio, Idaho, Kansas, Virginia, etc......
You sound like one of the people in thte article who just has to have SOMETHING to survive. Nah, you just want convenience and luxury on someone else's dime
Posted on 6/5/19 at 12:57 pm to lsupride87
quote:
Let me guess, a lot of older people refusing to acknowledge that the relative cost of living has out priced inflation and it is in fact more expensive for the younger generation
Actually, no. A lot of young punks graduating from college and thinking they are God's gift to their employers. The sooner you realize that you are not special because you have a bachelor's degree the better off you will be. This old bastard eagerly awaits your next arrogantly douchey comment. Cheers.
Posted on 6/5/19 at 1:00 pm to Janky
quote:Maybe those young punks feel special because they had to pay 20x higher costs for the same degree as you
Actually, no. A lot of young punks graduating from college and thinking they are God's gift to their employers. The sooner you realize that you are not special because you have a bachelor's degree the better off you will be. This old bastard eagerly awaits your next arrogantly douchey comment. Cheers.
Posted on 6/5/19 at 1:04 pm to Antonio Moss
quote:
We are talking about starter homes - not something that you're in at 50. But that's how you build equity and eventually wealth.
There are a lot of small (2 Br/2 Ba) homes and condos all around Baton Rouge - in decent areas.
Just looking at realtor.com, there are eight condos for sale (2 Br) between $110K-140K within a quarter of a mile from the Jefferson/Bluebonnet intersection (a really nice part of town)
The problem is that these handful of whiners think that they should be in some modern build/renovated 4 bedroom, 3,000 sq. foot home at the age of 27.
The reason why Baton Rouge is cheap is because it's an economic shithole with few opportunities outside of a few industries.
Most metros with decent job markets cost a frick ton. Using BR as an example is silly.
Posted on 6/5/19 at 1:05 pm to lsupride87
quote:
Maybe those young punks feel special because they had to pay 20x higher costs for the same degree as you
Then they're stupid for paying that much. Tuition costs at LSU when I started 20 years ago were about $4,500 per semester. It's right at $6,000 a semester now.
Posted on 6/5/19 at 1:07 pm to Antonio Moss
quote:
Then they're stupid for paying that much. Tuition costs at LSU when I started 20 years ago were about $4,500 per semester. It's right at $6,000 a semester now.
My first day of econ at LSU, my professor began his lecture... "When I went to LSU, I wrote a check for the entire semester's cost. It was $57." And then went on to teach me about economics.
You may not be as old as you think, Antonio.
ETA - of course, I started at LSU 20 years ago as well.
This post was edited on 6/5/19 at 1:08 pm
Posted on 6/5/19 at 1:07 pm to Antonio Moss
quote:Um, you are still a millenial
Tuition costs at LSU when I started 20 years ago were about $4,500 per semester
I am referring to cost for the boomer generation, not millenials
Posted on 6/5/19 at 1:08 pm to Muthsera
quote:
I don't know what to do about my friends that face structural barriers, like a friend who has a six-digit down payment to buy but needs an accessible building with nearby subway access, and there simply isn't anything like that in our market under $1 million.
Tell them to move.
Posted on 6/5/19 at 1:09 pm to pizzatiger
quote:
Most metros with decent job markets cost a frick ton. Using BR as an example is silly.
There are plenty of affordable metros with good job markets. Housing isn't nearly as expensive in places like Pittsburgh or Oklahoma City as DC or Boston. You may not want to live there but a large portion of the US is pretty affordable.
Posted on 6/5/19 at 1:09 pm to fallguy_1978
quote:
You can definitely find a home in a few of the suburbs for that price too. Our first house looks like it's valued at about 160k now. 3BR 2BA brick home around 1500 sq ft.
If people take the time to look around (go more to just one or two sites, go ride around and look for houses that are for sale, be patience), people will more than likely find a good place to live for a reasonable price.
The problem is. Most people are not patient. They see the first thing they like and want to start moving in ASAP. Same thing with vehicles.
This was several years ago, but I have a cousin who is the "whatever" type. He doesn't think about anything and takes everyone at their word. Anyway, he bought a new truck. They told him a price and as they were doing the paperwork they told him right before signing that they had to go up $3000 on the price.
Being the "whatever" type, he just went along with it, signed the papers and he had a new truck. His mom was looking at the paperwork and noticed it was more than he told her it would be. She asked him about it and was just like "oh, they let me know right before I signed the papers that they had to go up $3000".
He had just graduated from college, the first vehicle he was buying on his own.. So his mom drove the truck back to the dealership and raised hell and they took the $3000 off.. But I always wonder how many people out there are like him. They are paying a lot more for something just because they take people for their word or they do not try to talk them down.
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