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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 2:14 pm to
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
70408 posts
Posted on 10/19/23 at 2:14 pm to
quote:

$6800 for a honda pilot with 192k miles is stupid as frick


This mentality is why you people can't have nice things.
Posted by lsupride87
Member since Dec 2007
104220 posts
Posted on 10/19/23 at 2:16 pm to
quote:

The middle class is being purposefully destroyed, but because the youth are the ones suffering, instead of seeing that as an opportunity to help fix the problem, they’d rather spike the football in their faces and victim-blame.
Here is the best part. Darth and Roger spend their entire day yelling on the PT this exact sentiment. The govt is destroying the middle class

But, then they will come in these threads and claim that’s all bullshite and it’s simply young people just buying stupid things and being lazy
This post was edited on 10/19/23 at 2:17 pm
Posted by GeorgeReymond
Buckhead
Member since Jan 2013
10347 posts
Posted on 10/19/23 at 2:19 pm to
I graduated from LSU then moved to Atlanta in 2017. Work in corporate finance for a fortune ~200 company.

Have a roommate and split a 2 bedroom apartment for $2,400. Living alone would cost me $1,600+ with utilities so saving some money there.

12% goes to my 401k. No car note but have student loans ($200/m)
Posted by kingbob
Sorrento, LA
Member since Nov 2010
68430 posts
Posted on 10/19/23 at 2:24 pm to
quote:

Of course your decisions matter for your life m But we are also a part of decisions and influences completely outside of our control


This. 90% of economic policy that determines how much goods cost and how far your money goes is completely outside of the control of any voter or elected or appointed official who answers to voters. There is a vast, unfirable, unstoppable bureaucracy in Washington that tells us how every product must be made, shipped, and sold. This is done to favor certain oligarchies and crush competition, leaving consumers with only the illusion of choice. The people have no say in this. The politicians they elect have no say in this. If there was an election tomorrow on whether or not to ban incandescent lightbulbs, the no vote would win by at least 30 points. However, the ban on incandescent light bulbs will go through. Did the market vote on banning the small light pickup trucks that were so popular in the 90’s? No, but emissions and fuel efficiency mandates by the EPA made them illegal to produce and sell.

No matter what President and Congress you elect, these people will do whatever it is they will do. Blaming a generation for “causing” these problems by voting is stupid, because those issues were never on the ballot. However, blaming a generation for failing to acknowledge that a problem exists in the first place, and for victim-blaming, that’s rational. The reality is that all generations must work together to destroy the Washington machine and fix these problems. They effect the youth first, but they won’t stop there. The middle class has been targeted for elimination. The first step was keeping the children of the middle class from becoming middle class themselves. Next, they’ll rip the retirees out of their comfort. Then, the prime working middle class will become working class as well. Everyone will be ground down so gradually, that they won’t notice when exactly they all became serfs, toiling at useless jobs for meager pay that affords them nothing while the elite live in luxury and comfort.

Call it marxist or communist all you want, but something is rotten in America right now, and what we’re experiencing isn’t just capitalism.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38814 posts
Posted on 10/19/23 at 2:24 pm to
quote:

This mentality is why you people can't have nice things.




commute two hours a day and purchase cheap as frick cars with nearly 200k miles on them, genius financial advice from TD


by the way, i run my shite into the ground and don't drive fancy cars
This post was edited on 10/19/23 at 2:25 pm
Posted by The Boat
Member since Oct 2008
171923 posts
Posted on 10/19/23 at 2:25 pm to
quote:

Exactly, I see it all the time. These kids want the same house their parents live in, but have no idea the years of work it took to get there.

Moron. Most of these parents bought that house when they were the age these kids are now.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23234 posts
Posted on 10/19/23 at 2:29 pm to
quote:

Ahhh here we see OT darth where really everything is your life is a direct consequence of one’s own decisions. If we observe political talk darth he sings a VERY different tune as to who is at fault for the world’s ills.


Well "Q" Darth was when I was peak happiness.



The people at fault are the ones wearing red shoes.

Posted by fareplay
Member since Nov 2012
5881 posts
Posted on 10/19/23 at 2:54 pm to
I guess it’s my fault for being born so late that I couldn’t buy a house, 3 kids, 2 cars, and a vacation being a vcr salesmen
This post was edited on 10/19/23 at 2:54 pm
Posted by dcrews
Houston, TX
Member since Feb 2011
31278 posts
Posted on 10/19/23 at 3:11 pm to
quote:

I guess it’s my fault for being born so late that I couldn’t buy a house, 3 kids, 2 cars, and a vacation being a vcr salesmen


Well if you'd stop spending $100 per month at starbucks, you'd basically be able to afford a $400k house in cash by the end of the year. #Entitled
Posted by fareplay
Member since Nov 2012
5881 posts
Posted on 10/19/23 at 3:15 pm to
Tbh 100 a month for a daily habit ain’t even that bad
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3563 posts
Posted on 10/19/23 at 3:17 pm to
quote:

The reality is that all generations must work together to destroy the Washington machine and fix these problems.


Which is why they spend so much energy and $$$ working to divide the American people by any metric they can scheme up.

My fear is that when the truly Hard times hit, it may be too late to turn it around(probably already is to avoid catastrophe, and even if we fixed it today it would take pain & time to fix).
This post was edited on 10/19/23 at 3:18 pm
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10687 posts
Posted on 10/19/23 at 3:26 pm to
quote:

If you just need some transportation, from a reliable manufacturer

Wow, only $7-8k for a 13 year old car with 160,000 miles. These kids these days don’t know how good they have it.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 10/19/23 at 3:29 pm to
quote:

That cuts both ways. The SEC towns with actual jobs are way more expensive than the state's average

For instance

quote:
In May 2022, the median sale price of a home in Baton Rouge was $261,480, up 3.6% from the previous year. The median list price of homes in Baton Rouge was $299,900 in September 2023, compared to $285,000 in 2022


Why would a first time homebuyer buy a median home?
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 10/19/23 at 3:33 pm to
quote:

I guess it’s my fault for being born so late that I couldn’t buy a house, 3 kids, 2 cars, and a vacation being a vcr salesmen


What kind of household income would you expect for a first time homebuyer today?
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38814 posts
Posted on 10/19/23 at 3:35 pm to
quote:

Why would a first time homebuyer buy a median home?


Just using the same metric
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51640 posts
Posted on 10/19/23 at 3:59 pm to
quote:

The middle class is being purposefully destroyed, but because the youth are the ones suffering, instead of seeing that as an opportunity to help fix the problem, they’d rather spike the football in their faces and victim-blame.

Agreed. I'm at least old enough to have been able to purchase more reasonably priced real estate, but I wonder if my kids will be able to do the same. And it's definitely not just housing.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
68430 posts
Posted on 10/19/23 at 4:04 pm to
Yep, this insidious consolidation is underway in food, fuel, healthcare, insurance, telecom, entertainment, information itself. The middle is being eliminated, and the ladder to the elites pulled up.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 10/19/23 at 4:08 pm to
quote:

Yep, this insidious consolidation is underway in food,


Old people are hoarding food now?
quote:

healthcare

Blame the "affordable Healthcare act"
quote:

telecom, entertainment,

I don't know what this means.
There is more free stuff on demand than ever before.
quote:

information itself

I don't know what this means.
quote:

The middle is being eliminated, and the ladder to the elites pulled up.

Posted by UncleFestersLegs
Member since Nov 2010
14244 posts
Posted on 10/19/23 at 4:10 pm to
quote:

They’re the ones who are married or in long term relationships where both people are working more than 40 hrs/week, often with multiple jobs, to afford a WORSE home than the starter houses of the 1950’s, an hour or more from their jobs, while finding it impossible to save money.


In the 50s and 60s you finished high school (or not) and went down to the Ford dealer and got a job working on cars. You got married, bought a house and your wife stayed home and raised 2 kids.

That America was destroyed. Blame politicians. Blame the Fed. Blame the greedy banks. Pick your favorite villain up next in the batters box of blame.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 10/19/23 at 4:13 pm to
The homes were also 1200 square feet. Land could have been larger than today's lots. But the homes were extremely basic.
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