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Posted on 9/8/23 at 2:52 pm to Grassy1
quote:
I graduated in ‘86 and bought a house in ‘89, interest rates were at 10%.
Had to buy a house that was within my means.
It’s not impossible.
Again, a 1500 foot square home around your time would have been the equivalent to a honda civic today.
Unless you want to live in opelousas in the ghetto, a 1500 square foot home in a decent burb or rural town is gonna cost you 160k and above.
shite, same square footage for a modest doublewide is pushing 160k.
I agree with the dude above, you boomers need to pull your heads out of your asses and look at comparative costs today regarding goods and services. 60k salary is closer to 30-40k in the 2000s.Everything has doubled, outside of pay. And that's just in the past 20 years.
Posted on 9/8/23 at 3:07 pm to ronricks
quote:
Simple supply and demand. Realtors have nothing to do with that. There isn't enough housing.
There's enough housing. There aren't enough liveable areas. Soft on crime policies are making large parts of cities in this country uninhabitable.
Posted on 9/8/23 at 3:14 pm to DakIsNoLB
quote:
how is a new college grad going to buy a house anyway?
Why TF would a fresh college grad want to buy a house? That’s when you get some roommates and rent. Precisely because you can’t afford buy and it’s a helluva lot more fun.
I was married for almost 6 months with two incomes before we bought our first house.
Posted on 9/8/23 at 3:15 pm to A Smoke Break
quote:
Covid lockdowns happened during trump, as did the first round of stimulus money.
Aka the money that flooded the market and was used to buy investment homes.
Plus house flipping and investment housing has occurred for years. Chickens coming to roost.
AKA
Shut the frick up, you have no idea how economics works.
Apparently you don't either cuz not one word your Commie arse said was at all true.
Posted on 9/8/23 at 3:16 pm to A Smoke Break
quote:
Again, a 1500 foot square home around your time would have been the equivalent to a honda civic today.
And a great starting salary out of college was $28K back then. Now you can make that bagging groceries at Publix at 15.
Incomes have risen too…:not as quickly, but they have risen.
This post was edited on 9/8/23 at 3:17 pm
Posted on 9/8/23 at 3:17 pm to VADawg
quote:
Soft on crime policies are making large parts of cities in this country uninhabitable.
MOVE OUT OF THE CITIES screams the baw who rarely misses the chance to gleefully share the latest quote from some random CEO declaring that their company's employees will be expected to return to the office permanently. "Party's over! Time to get back to work you lazy bums!!!"
Posted on 9/8/23 at 3:18 pm to SquatchDawg
quote:
And a great starting salary out of college was $28K back then.
Back when?
28k would be a significantly below average starting salary for a college grad in the mid-late 90s.
Posted on 9/8/23 at 3:22 pm to JohnnyKilroy
Wrong. I graduated with a business degree from the University in 1995 and in ATL anything over $30k in the financial /business sector was rare. II got $30k right out of the gate and was lucky.
Engineers, lawyers and CPU stuff - $40’s - $50k maybe right out of school.
Engineers, lawyers and CPU stuff - $40’s - $50k maybe right out of school.
This post was edited on 9/8/23 at 3:24 pm
Posted on 9/8/23 at 3:24 pm to SquatchDawg
quote:
And a great starting salary out of college was $28K back then. Now you can make that bagging groceries at Publix at 15.
I made almost that as a dishwasher and bartender in college in 1996 as a part time worker
Posted on 9/8/23 at 3:24 pm to SquatchDawg
quote:
Wrong. I graduated with a business degree from the University and in ATL and anything over $30k in the financial /business sector was very rare. If got $30k right out of the gate and it was rare.
Engineers, lawyers and CPU stuff - $40’s - $50k maybe right out of school.
I don't really care what your anecdotal observation is. We have historical statistics that tell us a mid-90's average starting salary for a college grad was around 33k.
Posted on 9/8/23 at 3:28 pm to JohnnyKilroy
quote:in 1994, that would not have been significantly below average starting salary for a college grad...
28k would be a significantly below average starting salary for a college grad in the mid-late 90s.
Posted on 9/8/23 at 3:30 pm to Chicken
quote:
in 1994, that would not have been significantly below average starting salary for a college grad...
15% below average. I call 15% significant. Maybe you don't.
Posted on 9/8/23 at 3:30 pm to JohnnyKilroy
And I don’t GAS about your tables. I lived it with a ton of friends that all had 4 year degrees from UGA, GA Tech and other colleges. Your average grad was going to work in management for $25k to $30k depending on their fields. I’m talking manufacturing, big 5 accounting, insurance companies, etc.
The average doesn’t mean shite if it includes kids with masters degrees, physicians, engineers or people with technical degrees.
Which BTW still pay higher than most.
The average doesn’t mean shite if it includes kids with masters degrees, physicians, engineers or people with technical degrees.
Which BTW still pay higher than most.
This post was edited on 9/8/23 at 3:31 pm
Posted on 9/8/23 at 3:33 pm to tgrbaitn08
quote:
made almost that as a dishwasher and bartender in college in 1996 as a part time worker
Bartending always paid well and you’re right…you could get the same money as a manager trainee at Coke…just not the same upward mobility.
Posted on 9/8/23 at 3:34 pm to JohnnyKilroy
What's the median data comparison?
There is more access to high paying jobs today but the lower end is not increasing as fast. Median annual income for 20-24 year olds is still only about 38k today.
There is more access to high paying jobs today but the lower end is not increasing as fast. Median annual income for 20-24 year olds is still only about 38k today.
Posted on 9/8/23 at 3:35 pm to Chicken
quote:
in 1994, that would not have been significantly below average starting salary for a college grad...
In 1994 I'd say a college grad average starting salary with a college degree from a teacher, coach to a nurse would have easily been $25k-$35k
Posted on 9/8/23 at 3:38 pm to tgrbaitn08
Posted on 9/8/23 at 3:38 pm to DakIsNoLB
quote:a vast majority of college grads can't afford to buy a house right away...that has always been the case...in my case, my wife and lived with parents for our first two years out of college and rented for two years after that...saved enough for a 20% down payment for a new cookie cutter home in the Dallas suburbs (Plano)...it wasn't an idea location (friends were mostly renting on the M streets and wife's job required 45+ minute commute) but that was sacrifice required to own a home.
how is a new college grad going to buy a house anyway?
I am not a financial planner but I do know that it take discipline and sacrifice to put away enough money for an adequate down payment and to spend wisely from month to month to afford mortgage payments (plus property tax and home insurance).
Expecting to buy a house right out of college is far fetched...and when you do buy, you may not live in the area you want to live in...
This post was edited on 9/8/23 at 3:54 pm
Posted on 9/8/23 at 3:39 pm to tgrbaitn08
This chart represents all earners. The average for new graduates would obviously be less.
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