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Started By
Message
re: The math for buying a home no longer works, per WSJ
Posted on 12/21/23 at 9:00 am to JohnnyKilroy
Posted on 12/21/23 at 9:00 am to JohnnyKilroy
This thread has a lot of “living wage” thread responses as opposed to the actual topic
Typical though
Typical though
0
Posted on 12/21/23 at 9:01 am to Darth_Vader
quote:
I’m sorry if the truth hurts. There’s a shite ton of crap people today think they cannot live without, but in reality they can. They’re just too spoiled to realize it.
how y'all continually miss the point of these threads ever singe time is beyond me
Posted on 12/21/23 at 9:02 am to Darth_Vader
quote:
So maybe you can’t afford the brand new single wife, maybe you have to buy a used one
I'm not trashy enough to get a used wife, thank you very much.
Posted on 12/21/23 at 9:07 am to Salmon
quote:
how y'all continually miss the point of these threads ever singe time is beyond me
No. The point is pretty simple. You just don’t like the reality of it and it’s easier to whine, bitch, and blame your problems on anyone and anything else than yourself. This isn’t the first generation that has a hard time getting started in life. This has been the case forever. The only difference now is people want to have a pity party instead of sucking it up and driving on.
Cry more.
Posted on 12/21/23 at 9:08 am to JohnnyKilroy
quote:
quote:
ThE iPhOnEs!!!!
they can’t help themselves baw
It is just a representation of young people's thought process.
My 19 year old upgrades his phone every couple of years to the newest phone available. I think his most recent purchase was about $1300+ for the phone.
I spoke with someone yesterday who bought an unlocked smartphone on Amazon for $200.
I'm not on the "cheapest" family cell phone plan. But I paid $0 for my phone.
I like seeing people cry about older generations commenting on coffee and phones.
It sets apart the mentality.
Someone making $18/hr prioritizes a $1300 phone.
But when buying a car, his budget was capped at $4k.
Versus my oldest daughter who paid $300 for her iPhone. But paid $8k for her car (the reference to the phone isn't about phones. It is about her mentality to all sorts of daily choices. Lunch. Coffee. Thrifting.)
There is a segment of this website that loves to play the victim card.
"It's so hard".
You don't have to be perfect. Just be better than the schmuck from your chemistry lab that smelled like Old Spice.
Posted on 12/21/23 at 9:08 am to Epic Cajun
quote:
I just want to reiterate that I'm glad that I did not follow this advice when we bought our first house 6 years ago. We would've "wasted" historically low rates on a cheap house when we could've been building equity in a large home that we could grow into.
People are gonna disagree, but imo you should buy the most/best house that you can afford. A house where a growing family etc doesn’t necessitate a move.
There are a lot of transaction costs associated with buying and selling homes. More times than not any equity you have in a house if gonna get totally consumed by closing costs coming and going if you are only in the house for a couple of years.
Posted on 12/21/23 at 9:09 am to meansonny
quote:
I'm confused.
You bought a home that you couldn't afford?
Or you bought a home that you could afford?
Congrats on getting out of the renters rat race.
Our first house was what most would not consider a starter home. It was ~400k, 4 bedrooms, 3.5 baths. At the time people probably thought my wife and I were crazy because we didn't have kids yet, but we didn't see the point in buying something cheap just for the sake of buying something cheap, especially when we were both at the beginning of our careers (we were both in our 20's at the time) and expected our incomes to grow.
Posted on 12/21/23 at 9:10 am to Darth_Vader
quote:
And they wouldn’t leave much left over for the latest iPhone, daily $5.00 coffee at Starbucks, eating out every night, and $300 tickets to every concert that comes to town would it? God forbid anyone has to take a bologna sandwich & a bag of chips to work for lunch instead of going out for sushi everyday.
I mean, it is true. I didn't indulge in any of that shite for the entirety of my 20s. My nights out on the weekends pretty much consisted of $10 or $15 all you can drink specials, walking to the bars, no gym membership, no fancy coffees, a roommate in a crappy apt until I was 30, and then some. And I'm not talking about the 1970s...this was the 2000s. And lo and behold I was able to save enough and buy a place by my early 30s.
And here's another option...people can wait things out. I know everyone has been trained to believe they're entitled to whatever they want, and get it now regardless of their lifestyle and spending habits...but things will go back down, just like they always have. Pile up some dry powder and be ready to move.
This post was edited on 12/21/23 at 9:12 am
Posted on 12/21/23 at 9:11 am to Darth_Vader
quote:
No. The point is pretty simple. You just don’t like the reality of it and it’s easier to whine, bitch, and blame your problems on anyone and anything else than yourself. This isn’t the first generation that has a hard time getting started in life. This has been the case forever. The only difference now is people want to have a pity party instead of sucking it up and driving on.
Cry more.
I love it when y'all immediately think that anyone that acknowledges the very real struggle and imbalances of the real estate market on the younger generation must be in that situation its the most predictable response ever
Posted on 12/21/23 at 9:12 am to GreatLakesTiger24
quote:
quote:
Several people within this thread claim that amount is the best rent available in their area.
we’ll I’m not claiming that so I don’t really care
But the concept is true.
If another couple is making $75k and covering $2250 in living expenses, what is everyone else's excuse?
There are families making $30k/yr who get by.
Making $40k/yr who get by.
Making $55k/yr who get by.
The notion that someone making $75k/yr can't do better?
It truly defies logic.
How does someone making $35k get by but someone making $75k unable to do better?
Posted on 12/21/23 at 9:13 am to meansonny
quote:
My 19 year old upgrades his phone every couple of years to the newest phone available
I do too.
It’s like 20 bucks a month at 0% interest.
Posted on 12/21/23 at 9:13 am to RoyalAir
quote:
how does one address this without putting millions of people on trains and sending them to a camp?
quote:If that’s where you two went, that is saying something. I was leaning towards actually enforcing existing criminal justice.
Genocide is traditionally frowned upon.
This post was edited on 12/21/23 at 9:14 am
Posted on 12/21/23 at 9:13 am to JohnnyKilroy
quote:
A house where a growing family etc doesn’t necessitate a move.
It was commonplace to raise 4+ kids in 1200 Sq ft houses not long ago.
The basic white woman has nuked the housing market from orbit. There isn't enough room for them and all their shite in a 1200 sqft house anymore, much less kids.
You could easily build a raised 1200sqft house for $100k. No self respecting Starbucks drinking white Yukon driving Pensacola going basic white chick would be caught dead living in such squalor in 2023.
Posted on 12/21/23 at 9:14 am to Salmon
quote:
I love it when y'all immediately think that anyone that acknowledges the very real struggle and imbalances of the real estate market on the younger generation must be in that situation
its the most predictable response ever
Perhaps it's because we have the hindsight of actually experiencing the exact same thing and know it's happened over and over throughout history. But we didn't bitch this much.
Hell, remember how I just said I was coming up in the 2000s as a 20 something? What were home prices doing during that time? Suck it up, sacrifice, save, invest, wait it out, and buy what you want and can afford when you're able.
This post was edited on 12/21/23 at 9:17 am
Posted on 12/21/23 at 9:16 am to Salmon
quote:
I love it when y'all immediately think that anyone that acknowledges the very real struggle and imbalances of the real estate market on the younger generation must be in that situation
I love it when people act like this is the first generation who had to struggle. Guess what, nobody gives a shite. The world owes you nothing and will give you nothing. Whining and bitching about it won’t fix a damn thing except make others look at you as a whiny bitch. Suck it up and get on with your life. No one is going to do it for you.
quote:
its the most predictable response ever
The truth doesn’t care about your feelings.
Posted on 12/21/23 at 9:17 am to meansonny
quote:
There are families making $30k/yr who get by. Making $40k/yr who get by. Making $55k/yr who get by.
These families are literally in poverty dude.
Posted on 12/21/23 at 9:17 am to Darth_Vader
quote:
Whining and bitching
If only internet discussion forums existed in 1990.
Posted on 12/21/23 at 9:17 am to Chucktown_Badger
quote:
experiencing the exact same thing
You sound pretty ignorant, to be honest. Unless you assume a housing crash is coming.
This post was edited on 12/21/23 at 9:22 am
Posted on 12/21/23 at 9:18 am to Epic Cajun
quote:
Our first house was what most would not consider a starter home. It was ~400k, 4 bedrooms, 3.5 baths. At the time people probably thought my wife and I were crazy because we didn't have kids yet, but we didn't see the point in buying something cheap just for the sake of buying something cheap, especially when we were both at the beginning of our careers (we were both in our 20's at the time) and expected our incomes to grow.
Good on you.
My parents were the same.
Built a house for $80 when a starter home would have been about $45k. They still live there after popping out 3 pups.
My first home was $169k when starter homes were about 130k.
The mortgage payment was the same as rent. Taxes and insurance had a payment shock of about $200/month over renting.
It was on the absolute top end of what we wanted to pay. Payment shock was a big deal to us. But we made the right move.
Posted on 12/21/23 at 9:19 am to PhiTiger1764
quote:
These families are literally in poverty dude.
This guy has to be trolling.
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