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Started By
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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/19/23 at 10:01 am to Crawdaddy
Posted on 10/19/23 at 10:01 am to Crawdaddy
quote:
Problem is these young kids want a 300-400K home. There are plenty of 175K homes out there
You’ll have trouble finding a solid house for 175k even in Fargo. There are no cheap decent homes anymore in a place where one can earn a good income.
0
Posted on 10/19/23 at 10:09 am to meansonny
I’ve spent a lot of time in Atlanta. I used to live there. You still don’t seem to understand what ‘central business district’ means. Sprawling corporate campuses is not it.
Posted on 10/19/23 at 10:12 am to The Third Leg
Cheers.
We aren't seeing eye to eye.
The original point stands that the first time homes are not anywhere around Cobb or Gwinnett Counties.
If you want to call them business districts (which implies that they are districts tied to Atlanta) or central business districts (which means that they have evolved into their own source of revenue/business), I'm sure we can agree to disagree.
We aren't seeing eye to eye.
The original point stands that the first time homes are not anywhere around Cobb or Gwinnett Counties.
If you want to call them business districts (which implies that they are districts tied to Atlanta) or central business districts (which means that they have evolved into their own source of revenue/business), I'm sure we can agree to disagree.
Posted on 10/19/23 at 10:19 am to The Third Leg
So is your point you can’t find a nice, inexpensive home in midtown, Buckhead or N.Druid Hills? Well no shite…:it’s always been that way.
Unless you make a bunch of money you have to look farther out. The only thing that’s changed is “out” is a lot farther than it used to be.
Unless you make a bunch of money you have to look farther out. The only thing that’s changed is “out” is a lot farther than it used to be.
Posted on 10/19/23 at 10:20 am to Crawdaddy
quote:
Problem is these young kids want a 300-400K home. There are plenty of 175K homes out there
Problem is that govt felt the need to level the playing field and destroyed the industry
Posted on 10/19/23 at 10:26 am to SquatchDawg
quote:
The only thing that’s changed is “out” is a lot farther than it used to be.
Pretty significant change, is it not?
Losing 2+ hours of your life daily is not a small ask.
Posted on 10/19/23 at 10:34 am to SquatchDawg
quote:
So is your point you can’t find a nice, inexpensive home in midtown, Buckhead or N.Druid Hills? Well no shite…:it’s always been that way. Unless you make a bunch of money you have to look farther out. The only thing that’s changed is “out” is a lot farther than it used to be.
I’m not making any point about affordable housing, I’m just saying that suburban sprawls are not classified as central business districts.
Posted on 10/19/23 at 10:36 am to EarlyCuyler3
I routinely commuted 45 to 1hr into Charlotte in the 90’s because I couldn’t afford to live closer in….or didn’t want to be house poor.
Just looking at Zillow, if I liquidated everything I could get into something comparable in Roswell….but I’m a Gen X’er that’s been building equity for 25+ years. I’m actually surprised that N Atlanta isn’t more expensive than it is.
Just looking at Zillow, if I liquidated everything I could get into something comparable in Roswell….but I’m a Gen X’er that’s been building equity for 25+ years. I’m actually surprised that N Atlanta isn’t more expensive than it is.
Posted on 10/19/23 at 10:36 am to EarlyCuyler3
quote:
Pretty significant change, is it not?
No. It is still about 45 minutes to an hour from a business district. Always has been.
It starts as "the boonies" and then grows into "the suburbs".
After 30+ years of being "the suburbs", there is a high likelihood that it no longer is anymore.
Your first time homebuyer properties were probably the boonies 5-10 years ago.
Posted on 10/19/23 at 10:38 am to EarlyCuyler3
quote:
Pretty significant change, is it not?
Yea I love how it’s just hand waved away.
Things are the same as they ever were except you’re an hour away from your work and most of your entertainment options.
Oh yea and wfh is for lazy pieces of shite so you better be hitting that 1.5-2 hour commute every day.
This post was edited on 10/19/23 at 10:39 am
Posted on 10/19/23 at 10:42 am to Crawdaddy
quote:your idea of a 175k starter home costs 300k now
Problem is these young kids want a 300-400K home. There are plenty of 175K homes out there
Posted on 10/19/23 at 10:42 am to JohnnyKilroy
Say what you will about Slidell but all jokes aside of you feel this is a bad deal to start off with, then you are part of the entitled problem
Posted on 10/19/23 at 10:59 am to Crawdaddy
quote:
Problem is these young kids want a 300-400K home. There are plenty of 175K homes out there
Subtle "I haven't purchased a house in over 10 years" brag
Posted on 10/19/23 at 11:00 am to SquatchDawg
quote:
I routinely commuted 45 to 1hr into Charlotte in the 90’s because I couldn’t afford to live closer in….or didn’t want to be house poor.
Bro you’re house payment was less than 1k a month and yall took home around 8.5k a month in income. You could have easily afforded twice the house yall bought.
Everyone has different priorities in life but don’t play like you had to stretch to afford a house that was LESS than your annual salary
Posted on 10/19/23 at 11:01 am to Crawdaddy
I almost included slidell in my post lmao.
Hey kids, your parents bought in Metairie and lakeview when they were your age but you can live in slidell or laplace. It’s really not that different
Hey kids, your parents bought in Metairie and lakeview when they were your age but you can live in slidell or laplace. It’s really not that different
Posted on 10/19/23 at 11:08 am to justaniceguy
quote:
You can buy a $200k home in Corpus Christi
Corpus Christi sucks.
I grew up and went to high school there. All my classmates with means and ability GTFO.
Posted on 10/19/23 at 11:12 am to BluegrassBelle
quote:
Cool.
So looks like for Kentucky, the average down payment is right at $40k.
Again, median household income in Kentucky is $55k. Not individual but household.
How are those people saving up a $40k down payment?
That is a loaded statement. Are you married at $55 vs. single at $55. Kids or no kids? All that is going to impact take home pay and taxes.
I think I was around 6 years from graduation to first home purchased. No kids during that time frame. Apparently, all I needed to do was save $550/month. $55,000 before taxes is $4583/month.
Posted on 10/19/23 at 11:13 am to Crawdaddy
quote:
Say what you will about Slidell but all jokes aside of you feel this is a bad deal to start off with, then you are part of the entitled problem
if new orleans metro was a halfway decent job market that would be a steal but new orleans is shithole
Posted on 10/19/23 at 11:14 am to JohnnyKilroy
quote:
you’re an hour away from your work
Welcome to life
quote:
your entertainment options
This will help you save money
Posted on 10/19/23 at 11:23 am to GreatLakesTiger24
quote:
your idea of a 175k starter home costs 300k now
This is the part they're just not able to wrap their heads around.
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