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re: The age of the median home buyer in 07 was born in 1968, in 2024 it is still 1968.
Posted on 5/20/25 at 1:08 pm to Mingo Was His NameO
Posted on 5/20/25 at 1:08 pm to Mingo Was His NameO
quote:
I started making more money than you at like 25
Sure you did, kid.
0
Posted on 5/20/25 at 1:10 pm to lsupride87
quote:
You don’t have to, but then you are throwing money away in PMI.
I personally know people who had this mindset. You know what happened to them? They waited longer so that they could save 20% before they bought a house and while they were doing that housing prices kept increasing and they also missed out on sub 3% interest rates.
I "threw away" $60/mo until I got to ~80% LTV, but I'm also in a house that has appreciated over the past 8 years and I locked into a sub 3% interest rate.
Posted on 5/20/25 at 1:10 pm to imjustafatkid
quote:
Well that's the other problem. The rest of the women have inflated views of themselves due to decades of feminism and simps online who treat 5s like they're supermodels. You better be top 10% or you're out of luck. Or just wait till those sluts are 30 and washed up. Nobody wants that.
Some of you just have to be the biggest dorks on the planet. Get your fricking haircut, dont be a fatass, and wear some decent clothes and getting a date is easy as shite.
I can’t help you once you get the date if you bring this loser energy though
Posted on 5/20/25 at 1:12 pm to Epic Cajun
quote:
I personally know people who had this mindset. You know what happened to them? They waited longer so that they could save 20% before they bought a house and while they were doing that housing prices kept increasing and they also missed out on sub 3% interest rates. I "threw away" $60/mo until I got to ~80% LTV, but I'm also in a house that has appreciated over the past 8 years and I locked into a sub 3% interest rate.
My PMI was at less of a rate than I was getting on my HYSA account and I got reappraised on the first day I was eligible to get PMI removed. I had 20% and put 5% down
This post was edited on 5/20/25 at 1:12 pm
Posted on 5/20/25 at 1:12 pm to Mingo Was His NameO
quote:
Some of you just have to be the biggest dorks on the planet. Get your fricking haircut, dont be a fatass, and wear some decent clothes and getting a date is easy as shite.
I can’t help you once you get the date if you bring this loser energy though
I'm married with 3 kids. I just pay attention and am not a moron who ignores current events.
Posted on 5/20/25 at 1:13 pm to chalmetteowl
quote:
Netflix, happy hour, and lattes
Yup. I cut out my $1,500 yearly spend on netflix and twice a month happy hours and wouldn't you know it, I was able to buy a house.
Posted on 5/20/25 at 1:14 pm to Darth_Vader
quote:
My first house that I bought for myself 30+ years ago was a used single wide trailer in a middle of nowhere community, not even a town, called Tait’s Gap. Lived there for about 3 years and bought a 1,100 sq foot 3 bed/2 bath house built in the 1950s, still about 45 min from Bham and 7 miles outside of the nearest town. Lived there about 5 years and moved into a nice two story brick 3,000 sq foot in a nice subdivision in town. Don’t tell me this is the first generation that can’t afford the nice big house in the middle of town.
and if somebody did that now it'd be disproportionately more expensive. Have you seen what trailers are going for now?
Posted on 5/20/25 at 1:14 pm to Epic Cajun
quote:
I personally know people who had this mindset. You know what happened to them? They waited longer so that they could save 20% before they bought a house and while they were doing that housing prices kept increasing and they also missed out on sub 3% interest rates.
I "threw away" $60/mo until I got to ~80% LTV, but I'm also in a house that has appreciated over the past 8 years and I locked into a sub 3% interest rate.
Exactly. The people who say you have to put 20% down so you can avoid PMI are retarded.
Posted on 5/20/25 at 1:17 pm to Mingo Was His NameO
quote:
PMI
Posted on 5/20/25 at 1:18 pm to lsupride87
Not that I disagree that houses cost way to much, but the cottage in Metairie is actually in Old Metairie, which means the lot value is probably $400K.
Posted on 5/20/25 at 1:24 pm to Mingo Was His NameO
Has anyone mentioned how much cell phones cost yet? If I've learned anything from the OT it's that young people purchase a brand new cellphone every 3 months or so.
Posted on 5/20/25 at 1:24 pm to Mingo Was His NameO
What city?
Posted on 5/20/25 at 1:27 pm to Chicken
quote:
What city?
Dallas, Houston, Atlanta, New Orleans… the pretty cheap ones where you can actually realistically make $70k in your 20s. Hell, even Baton Rouge.
Any expensive city, those numbers would be even worse. What point are you trying to make?
This post was edited on 5/20/25 at 1:28 pm
Posted on 5/20/25 at 1:33 pm to imjustafatkid
quote:
You better be top 10% or you're out of luck. Or just wait till those sluts are 30 and washed up
1. find a group of girls
2. wait until at least 60% of them are married, around 26-29
3. pick one of the single ones
all you have to do is have a decent job and not be a complete fat. Seen that work out for many dudes
Posted on 5/20/25 at 1:37 pm to Epic Cajun
quote:mine was FHA 2% down, 11.5% interest with $60/MO PMI. Here’s the thing though…once you pay on that a couple years you now have a mortgage credit track record. While I never made over $30K a year I got two more mortgages at for what the time was a decent rate without PMI and without a 20% down payment
I "threw away" $60/mo until I got to ~80% LTV
It ain’t all about the equity
Posted on 5/20/25 at 1:43 pm to 50_Tiger
quote:
Congrats again Boomers, you have managed to almost permanently pull up that ladder... for good.
Not a boomer, but did get a degree in lucrative occupation to provide for myself and buy a nice home(s)....
I'll gladly take that congrats.
Posted on 5/20/25 at 1:55 pm to Mingo Was His NameO
I see over 1,100 homes in New Orleans area between $200,000 and $300,000...
Posted on 5/20/25 at 1:55 pm to Dire Wolf
quote:
1. find a group of girls
2. wait until at least 60% of them are married, around 26-29
3. pick one of the single ones
all you have to do is have a decent job and not be a complete fat. Seen that work out for many dudes
Nobody wants the chicks in group 3.
Posted on 5/20/25 at 1:58 pm to Chicken
quote:
I see over 1,100 homes in New Orleans area between $200,000 and $300,000...
I’m sure you’d be happy to see your kids in most of them. Give them some street smarts and build some sweat equity
Jesus Christ man
Posted on 5/20/25 at 2:08 pm to Mingo Was His NameO
well then, I would tell my GenZ kid (who is no older than 28) that if he/she can't find anything they like in that range, either move to another city that may have better options, or continue to rent and keep saving to afford a more expensive house in their current area...I don't think it is a big deal to wait until one is in their 30's to buy their first home.
This post was edited on 5/20/25 at 2:09 pm
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