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Message

re: Minimum wage in the 1970s would be the equivalent of making almost $56,000 a year now

Posted on 4/22/26 at 9:43 am to
Posted by Scruffy
Kansas City
Member since Jul 2011
77268 posts
Posted on 4/22/26 at 9:43 am to
quote:

You don't need a 300k starter home.
Average home price is $400k.

$300k is below average.
quote:

Get your first one for 150k
Posted by Techdave
Laffy
Member since Apr 2014
828 posts
Posted on 4/22/26 at 9:44 am to
quote:

Holy gaslighting, Batman. Are you just assuming they’re sitting at home crying?


Likely. Since they are doing it online
Posted by Scruffy
Kansas City
Member since Jul 2011
77268 posts
Posted on 4/22/26 at 9:44 am to
quote:

When people on this thread think 300k is a starter home, that is delusion.
Dude, the AVERAGE home price is more than that.



$300k is BELOW average.
Posted by caro81
Member since Jul 2017
6354 posts
Posted on 4/22/26 at 9:46 am to
quote:

buy a small starter house for $150k in a nice neighborhood


this is harder to come by every passing day.
This post was edited on 4/22/26 at 9:48 am
Posted by Techdave
Laffy
Member since Apr 2014
828 posts
Posted on 4/22/26 at 9:47 am to
Scruffy,

Do you think a starter home should be below the average home value?

Or do you think people should just magically own something nice the first time they buy. You gotta start small and build equity for something nicer.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
108040 posts
Posted on 4/22/26 at 9:47 am to
quote:

The frick it is. You don't need a 300k starter home. Get your first one for 150k. Get a used car. Live minimally until you make it.


Longfield is the most dangerous street in my Metro area. Multiple murders in that area, significantly high crime. Right outside of Churchill Downs. The absolute hood.

This 2 bedroom, 1 bath shotgun house on a postage stamp lot at 1400 sq feet is almost $200k.

Get fricked with your “just buy a $150k house” BS.



Zillow
Posted by lsu777
Lake Charles
Member since Jan 2004
38054 posts
Posted on 4/22/26 at 9:48 am to
quote:

210,000 dollars today is equivalent to 6 dollars an hour in 1971.


this is dumb AF

the median home size is almost 1k bigger an increase in size of almost 70%......so you accounting for that?

do we want to talk about amenities? because your theory goes to shite right after that.

Posted by Techdave
Laffy
Member since Apr 2014
828 posts
Posted on 4/22/26 at 9:48 am to
It does for a first time homebuyer willing to build equity.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86207 posts
Posted on 4/22/26 at 9:49 am to
quote:

Do you think a starter home should be below the average home value?


Yes. $300k is below average home value.

You said that was delusional.
Posted by Techdave
Laffy
Member since Apr 2014
828 posts
Posted on 4/22/26 at 9:49 am to
quote:

Longfield is the most dangerous street in my Metro area. Multiple murders in that area, significantly high crime. Right outside of Churchill Downs. The absolute hood.

This 2 bedroom, 1 bath shotgun house on a postage stamp lot at 1400 sq feet is almost $200k.

Get fricked with your “just buy a $150k house” BS.



No one is making you live in that area. There are jobs elsewhere with affordable homes.
Posted by Scruffy
Kansas City
Member since Jul 2011
77268 posts
Posted on 4/22/26 at 9:49 am to
quote:

Do you think a starter home should be below the average home value?
Yes.

That is what a starter home is.

The average home price is $400k.
quote:

Or do you think people should just magically own something nice the first time they buy.

You gotta start small and build equity for something nicer.
Are you even reading your own posts?

You said that $300k is unreasonable.

That is BELOW the average home price.
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
12839 posts
Posted on 4/22/26 at 9:50 am to
quote:

You don't need a 300k starter home. Get your first one for 150k.
Brother, it’s been established the median home price is 420k. Starter homes are going for 300k .but your advice is to go buy some shitbox in the ghetto for 150k? In a failing public school district they can’t use?

The ENTIRE point of this conversation is that if someone who is 21 years old does exactly what you did when you were 21 years old, they end up in a much worse spot. And as far as I can tell, your position on the topic is “suck for you, just work harder” instead of “wow, maybe things got messed up along the way, we should probably try to fix it.”

Can you not see how disingenuous that is?
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
108040 posts
Posted on 4/22/26 at 9:50 am to
quote:

the median home size is almost 1k bigger an increase in size of almost 70%......so you accounting for that?


Sure.

Houses that are traditionally under 1,000 square feet aren’t being built anymore (for a lot of reasons). The ones that are, either still have older generations living in them or are being bought up by venture capitalists and LLCs to rent out.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
108040 posts
Posted on 4/22/26 at 9:51 am to
quote:

No one is making you live in that area. There are jobs elsewhere with affordable homes.


If you live in the largest Metro in Kentucky and likely work in that area you can’t realistically live 2 hours away just to find a starter house.
Posted by Techdave
Laffy
Member since Apr 2014
828 posts
Posted on 4/22/26 at 9:51 am to
quote:

Yes. $300k is below average home value.

You said that was delusional.


My point is that buying a 300k home as your first home is pretty unrealistic. Go cheaper and build equity.
Posted by 777Tiger
Member since Mar 2011
92264 posts
Posted on 4/22/26 at 9:51 am to
quote:

Houses that are traditionally under 1,000 square feet aren’t being built anymore




Posted by Loup
Ferriday
Member since Apr 2019
16986 posts
Posted on 4/22/26 at 9:52 am to
quote:

Adjusted for inflation the $25,200 = $209,079 today

My only criticism of these comparisons is that the average home size in 1971 was just under 1,400 sq. ft. Today the average home size is 2,400 sq. ft.


that kind of tracks for my house, though. It recently appraised for $201,000 at just over 1000 sf.
Posted by NawlinsTiger9
Where the mongooses roam
Member since Jan 2009
39659 posts
Posted on 4/22/26 at 9:52 am to
The last time we did this thread, one of the usual suspects posted a picture of what he thought a starter home would be

The house would have sold for probably half a million dollars in the city I lived in at the time

Some people are just willingly detached from reality because that’s still easier than admitting shite is hard out there.

It doesn’t invalidate or diminish any work they did in their own lives, but they’ll never stop being defensive about that possibility.
Posted by Salmon
I helped draft the email
Member since Feb 2008
86207 posts
Posted on 4/22/26 at 9:52 am to
quote:

My point is that buying a 300k home as your first home is pretty unrealistic. Go cheaper and build equity.


My first home was $300k. Why is it unrealistic? Maybe you should have got a better degree?

Pretty dumb argument, huh?
Posted by Scruffy
Kansas City
Member since Jul 2011
77268 posts
Posted on 4/22/26 at 9:52 am to
quote:

There are jobs elsewhere with affordable homes.
There are no homes in safe areas with functioning job markets that you can find for $150k.

This is a dream that doesn’t exist anymore.

It is about time that you recognize this as a fact.
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