- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The average age of U.S. homebuyers jumps to 56
Posted on 11/4/24 at 3:36 pm to AwgustaDawg
Posted on 11/4/24 at 3:36 pm to AwgustaDawg
quote:
I will never understand how rising home values is a bad thing. I
Its the outlandish rise in value due to govt paying people a lot of money during covid that sucks for younger folks.
0
Posted on 11/4/24 at 3:37 pm to fareplay
quote:
Home purchases are much harder today gramps. Let’s not pretend you guys have some high moral grounds which millennials don’t have
The only way to really go after this problem is to shut down the institutional investors. They're the ones driving up housing costs with their cash offers. Also, adding millions of illegals almost instantly without sufficient housing to accommodate them threw off what supply/demand balance we had.
Also, I do make $130K now. I live in a bigger house than the original, but that's due to 26 years of rolling positive equity into new homes.
This post was edited on 11/4/24 at 3:40 pm
Posted on 11/4/24 at 3:47 pm to fareplay
4 bds/4 ba, 2,494 sqft is pretty damn big, and it's only $340,000 in a good neighborhood.
Posted on 11/4/24 at 3:48 pm to AwgustaDawg
quote:
I will never understand how rising home values is a bad thing. Its a fantastic thing for home owners.
Is it? If you ever sell you’ll just need to buy another home that has likely risen similarly in value or become a renter.
It makes your net worth number look better, but on a cash basis, I don’t see the benefit except for use in financing.
Posted on 11/4/24 at 3:53 pm to fareplay
No, I'm in the market right now. 400k is balling out right now. You're just a shithead toolbag.
Posted on 11/4/24 at 3:58 pm to DownshiftAndFloorIt
quote:no it isn't unless it's no where around any jobs
400k is balling out right now.
Posted on 11/4/24 at 4:08 pm to DownshiftAndFloorIt
quote:3 br, 2ba in Slidell is running $300k now, hardly a mansion.
It buys a damn mansion in Louisiana.
Posted on 11/4/24 at 4:12 pm to Tantal
Yeah but your situation is much different. You had ability to build equity on a cheap house, younger gen can’t do that. You also used 20 years to get to 130, younger gen can’t do that
Posted on 11/4/24 at 4:13 pm to DownshiftAndFloorIt
lol sure in a community with no jobs no nothing just a house in a field
Posted on 11/4/24 at 4:16 pm to stout
I bought in 2020. Could not imagine first-time buying now.
This post was edited on 11/4/24 at 5:24 pm
Posted on 11/4/24 at 4:17 pm to AwgustaDawg
quote:
was making what amounts to about $54k a year today when I bought that house
I know CPAs that didn’t make more than that working for a big 4 when they started 10 years ago.
Posted on 11/4/24 at 4:21 pm to Dire Wolf
quote:
I know CPAs that didn’t make more than that working for a big 4 when they started 10 years ago.
Like I said earlier, you have got to pay your dues.
Posted on 11/4/24 at 4:31 pm to GreatLakesTiger24
quote:
the ghetto
Yep. Thats what we did. Bought one on the edge of hood. 1950's shotgun. Roughed it for few years and sold it for solid profit. All we did was paint inside/out and have floors redone. It tested our early years marriage...thats for sure.
Financially tho its what got us started so I wouldn't trade it for the world. This post was edited on 11/4/24 at 4:33 pm
Posted on 11/4/24 at 4:33 pm to fareplay
quote:
in a community with no jobs no nothing just a house in a field
$340,000 for 2,500 sq ft in Kenilworth is not a house in a field with no jobs.
Posted on 11/4/24 at 4:37 pm to jizzle6609
quote:
Like I said earlier, you have got to pay your
I mean sure whatever
Posted on 11/4/24 at 4:38 pm to Harry Boutte
And that's asking price. 400k will get you a lot of houses listed at 450/500 that have been on the market a long time.
The market is ice cold right now. Motivated sellers. 400k gets you a damn nice house right now and part of the reason house prices are ridiculous is because people's perception of the market is ridiculous.
I have a friend trying to sell an extremely nice house in a very good neighborhood in a very good school district for $350k and hasn't had an offer in a month. It's a 2100 sq ft house.
The market is ice cold right now. Motivated sellers. 400k gets you a damn nice house right now and part of the reason house prices are ridiculous is because people's perception of the market is ridiculous.
I have a friend trying to sell an extremely nice house in a very good neighborhood in a very good school district for $350k and hasn't had an offer in a month. It's a 2100 sq ft house.
Posted on 11/4/24 at 4:41 pm to DownshiftAndFloorIt
quote:link?
ridiculous. I have a friend trying to sell an extremely nice house in a very good neighborhood in a very good school district for $350k and hasn't had an offer in a month. It's a 2100 sq ft house.
Posted on 11/4/24 at 4:43 pm to DownshiftAndFloorIt
quote:
I have a friend trying to sell an extremely nice house in a very good neighborhood in a very good school district for $350k and hasn't had an offer in a month. It's a 2100 sq ft house.
If you're not making this up send the link and I'll buy it.
Posted on 11/4/24 at 4:44 pm to stout
In 2005 at 25, I bought a nice 3/2 in Prairieville for $137,000.
But hey, flat screen tvs are cheaper now, so young people stop your bitching.
But hey, flat screen tvs are cheaper now, so young people stop your bitching.
Posted on 11/4/24 at 4:45 pm to fareplay
quote:
Go to Zillow and check homes near you brother. You’re going to realize that 400k don’t get a lot
Totally agree! I own a large home and right across the street from me is a 1400sq home priced at 400k . You have got to be crazy to pay that much for a home that size but in most parts of the country now that's a bargain.
Page 6 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News