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re: Monthly mortgage payment based on a median existing home is now at a record $2,322

Posted on 8/24/23 at 12:18 pm to
Posted by lsupride87
Member since Dec 2007
99597 posts
Posted on 8/24/23 at 12:18 pm to
quote:

I would be willing to bet most of these people spend $10-30 daily on lunch instead of bringing something from home
Would you like to talk how the price of groceries has risen as well? Or pretend that doesn’t exist as well?
This post was edited on 8/24/23 at 12:18 pm
Posted by deltaland
Member since Mar 2011
92678 posts
Posted on 8/24/23 at 12:19 pm to
quote:

TV's are way cheaper now than in the 80s a 24" tv cost $500 in the 80s. I can buy a 58" at cost for less than $500


My point was back then you could fix a tv. Today you have to replace it
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
11094 posts
Posted on 8/24/23 at 12:19 pm to
Just let it go. He refuses to accept the facts.

Just like the people of the OT who refuse to say that this summer is hotter than normal.
Posted by deltaland
Member since Mar 2011
92678 posts
Posted on 8/24/23 at 12:20 pm to
If any of you OT ballers want to live 2 blocks from me, you can buy this lovely home in beautiful Inverness, Ms for a cool 6.5 million

LINK


Owner bought it for like 250k 10 years ago. Locals were reaming his arse on Facebook for listing it for that price. It was entertaining
Posted by Thib-a-doe Tiger
Member since Nov 2012
35859 posts
Posted on 8/24/23 at 12:21 pm to
quote:

Would you like to talk how the price of groceries has risen as well? Or pretend that doesn’t exist as well?



Are you going to pretend that eating out hasn't always been more expensive, and that the prices of their groceries haven't gone up as well?


I don't expect an answer to this, as you couldn't avoid the obvious trap you set for yourself.
This post was edited on 8/24/23 at 12:22 pm
Posted by rintintin
Life is Life
Member since Nov 2008
16367 posts
Posted on 8/24/23 at 12:21 pm to
quote:

It's not. But be honest, if someone is buying Starbucks daily, what are the odds they are spending on other luxuries that they could do without if things are that tight?


Plenty of shite I'm sure. I'm one of the biggest critics of terrible money habits.

But the fact remains, wages have not kept up with home prices. Not even close. Couple that with the current rising interest rates and it's the worst recipe for aspiring home buyers.

I own a home in LA and moved to Minnesota in Jan. I'd like to buy something here as well but prices are just out of hand. I'd hate to be a first time home buyer right now. My mortgage in LA would be double right now, that's a huge income burden for people.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
37372 posts
Posted on 8/24/23 at 12:23 pm to
quote:

$10


quote:

Lunch


i miss those days. The $5 friday smoothie king deal i use to get is $10 today

fricking taco truck breakfast tacos are $4.99

i only eat out now when i can charge my company
This post was edited on 8/24/23 at 12:24 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
35859 posts
Posted on 8/24/23 at 12:25 pm to
quote:

i miss those days. The $5 friday smoothie king deal i use to get is $10 today

fricking taco truck breakfast tacos are $4.99

i only eat out now when i can charge my company



No, no, no. The prices of food have gone up only in grocery stores. Not from the suppliers of restaurants. Much more fiscally responsible to eat out daily now.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
37372 posts
Posted on 8/24/23 at 12:27 pm to
quote:

No, no, no. The prices of food have gone up only in grocery stores. Not from the suppliers of restaurants. Much more fiscally responsible to eat out daily now.



no one said that you retard
Posted by lsupride87
Member since Dec 2007
99597 posts
Posted on 8/24/23 at 12:28 pm to
quote:

No, no, no. The prices of food have gone up only in grocery stores. Not from the suppliers of restaurants. Much more fiscally responsible to eat out daily now.
You honestly may be one of the most ignorant posters here

Posted by Thib-a-doe Tiger
Member since Nov 2012
35859 posts
Posted on 8/24/23 at 12:28 pm to
quote:

no one said that you retard



He didn't say it, but take a look at the first comment on this page
Posted by Buryl
Member since Sep 2016
893 posts
Posted on 8/24/23 at 12:28 pm to
quote:

TejasHorn

People with a 3% mortgage don’t want to move and see that go to 7%. And so we have an insanely short supply of existing homes and high prices.




That's true for a lot of places, but our supply of homes for sale in Louisiana is over 15% higher than any time in the previous 5 years. Still, prices are up 26% compared to before the pandemic.

Most sellers have low interest rates and a ton of equity, so they can afford to sit on their homes. Many are unable too admit that the market is falling, so prices remain high, and inventory is backing up.

People here have probably never seen a race to the bottom. It isn't pretty. Not saying that will happen, but it wouldn't surprise me.

I am going off of limited data available online (primarily redfin).

Posted by Thib-a-doe Tiger
Member since Nov 2012
35859 posts
Posted on 8/24/23 at 12:29 pm to
quote:

You honestly may be one of the most ignorant posters here




You made a stupid comment that was eaisly countered. Happens to the best of us bud, don't worry about it too much
Posted by Dire Wolf
bawcomville
Member since Sep 2008
37372 posts
Posted on 8/24/23 at 12:30 pm to
quote:

He didn't say it, but take a look at the first comment on this page



he listing it as another thing that has driven up COL

Not saying it is cheaper to eat out than to meal prep.

Posted by lsupride87
Member since Dec 2007
99597 posts
Posted on 8/24/23 at 12:30 pm to
You think bringing lunch saves a bunch over a $10 lunch, it doesn’t make much of a difference anymore like it used to. Never did I say it isn’t still cheaper

A lunch made from home is going to average about $6 for us based on our grocery spending. It’s insane. That number used to be $2.75 for us when I look back on our budget
This post was edited on 8/24/23 at 12:31 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
35859 posts
Posted on 8/24/23 at 12:31 pm to
quote:

he listing it as another thing that has driven up COL

Not saying it is cheaper to eat out than to meal prep.




he was trying to counter my point that people waste money and didn't do a good job of it.
Posted by SeeeeK
some where
Member since Sep 2012
28573 posts
Posted on 8/24/23 at 12:32 pm to
I did that

I voted for that



Sin,
Libtardos
Posted by lsupride87
Member since Dec 2007
99597 posts
Posted on 8/24/23 at 12:33 pm to
Hot plates at the local place around the street from me is $6.99. That’s pretty much breaking even as making a lunch from groceries.

There is no real “affordable” way to eat anymore. The bulls hit 10% increase the government tries to speak about is such a load of shite

Our groceries are closer to DOUBLING, or 100% increase, then they are to 10%
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
11094 posts
Posted on 8/24/23 at 12:33 pm to
All of these luxuries you are listing to be cut are things that your generation enjoyed as regular items.

I’d ask if you can really be this obtuse, but I already know the answer.

“Hey current generation, you can no longer enjoy the parts of life I did because we made it too expensive. Quit being greedy. Sucks for you. Deal with it” - people like Thib
Posted by Dire Wolf
bawcomville
Member since Sep 2008
37372 posts
Posted on 8/24/23 at 12:37 pm to
quote:

he was trying to counter my point that people waste money and didn't do a good job of it.



anecdotally, the younger people i work with bring their lunches more often than the olds. I am currently eating a salad that cost me ~$13 a week and its just chicken+kale/spinach mix

I work with mostly olds and they eat out everyday
This post was edited on 8/24/23 at 12:38 pm
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