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Started By
Message
re: The “time price” of square foot of housing is 24% lower than the 1950s
Posted on 6/1/26 at 8:58 pm to Archives
Posted on 6/1/26 at 8:58 pm to Archives
quote:
My grandmother's house had 2 bedrooms, one bath, and a window AC unit added much later.
No one would stoop to buy a house like that these days.
Where I live what you described is a 2 million dollar house.
1
Posted on 6/1/26 at 8:59 pm to Scruffy
quote:
Ok, so your parents together brought in ~$4200 per month in today’s dollars.
With the current median mortgage rate, which is higher for 1st time buyers, their payment would be over 50% of their monthly income.
That’s insane.
So, again, your parents were able to both work, bring in about $4200 per month (I will assume post-tax to give you the benefit of the doubt), purchase a home, and raise children (if your mother worked, I assume there was some form of childcare).
And their income together would be on par with the US’s current median income for a single person.
That is insane.
We were latch-key kids since kindergarten. I remember coming home from school with a green punchcard being excited that it meant I could get free school lunch. My dad ripped that thing out of my hand and said "We don't take handouts" frick, he was mad! I was scared shitless of him. He wasn't stable (understandably) after being a pow in Vietnam.
Posted on 6/1/26 at 9:02 pm to LCA131
quote:
I wish they struggled fricking and then maybe you wouldn't be here.
Is this the point where you have nothing constructive to say and lash out in anger? Good talk, good talk.
Posted on 6/1/26 at 9:04 pm to Sun God
quote:
Cars are at least better built now
And they are 50% more expensive than 8 years ago.
Posted on 6/1/26 at 9:04 pm to HailHailtoMichigan!
quote:
As real wages rose dramatically in the 80s, 90s, and early 2000s, so too did the demand for larger homes.
It had more to do with interest rates going down in 90's and 2000's while Greatest Generation was retiring and Boomers were hitting max earning years.
This became the perfect storm for larger houses to become more affordable and the new normal.
In my opinion all of the complaining today is because the market hasn't had time correct itself since interest rates doubled post covid.
This post was edited on 6/1/26 at 9:07 pm
Posted on 6/1/26 at 9:06 pm to HailHailtoMichigan!
That Michigan dream house in your photo is even more a dream house today!! Ultra in-demand smaller, mid century ranch.
Probably sells for 500k to 800k if it's not in a small town where all the manufacturing jobs were shipped out.
Just that slatted fence today would cost a 1/2 year's salary for the average working American.
Probably sells for 500k to 800k if it's not in a small town where all the manufacturing jobs were shipped out.
Just that slatted fence today would cost a 1/2 year's salary for the average working American.
This post was edited on 6/1/26 at 9:22 pm
Posted on 6/1/26 at 9:09 pm to lazlodawg
No, not at all. I just like to make wise cracks on here and rarely contribute much. No angry in the least. I started out picking on the OP cause he is borderline psycho. Then you were having trouble making your point so I piled on there.
Good times, good times. Ppl take this pretty seriously...
Good times, good times. Ppl take this pretty seriously...
Posted on 6/1/26 at 9:13 pm to wm72
I think the disconnect is that when people say it's tough now (and Holy shite, it is) they don't want to hear how tough it was 40 years ago because it's not helpful. What people are saying and should say more plainly is "this too shall pass" and to stick with it and to not get discouraged. Keep working hard and keep sacrificing. Don't succumb to the black pill and give up on your goals.
Posted on 6/1/26 at 9:14 pm to armytiger96
The housing market is sky high because of a certain demographic that fricks up areas that have a ton of well built starter homes. Happens all over the country.
Sherwood Forest and Broadmore being prime examples in BR.
Sherwood Forest and Broadmore being prime examples in BR.
This post was edited on 6/1/26 at 9:15 pm
Posted on 6/1/26 at 9:16 pm to lazlodawg
quote:
when people say it's tough now (and Holy shite, it is
Total BS. It’s not tough now. Yall got it easy. The problem is cultural.
Posted on 6/1/26 at 9:17 pm to Sun God
quote:
shite is still hard
This has been said and true for/by every generation.
Posted on 6/1/26 at 9:17 pm to Cfrobel
quote:
Where I live what you described is a 2 million dollar house.
If thats true, then thats how you get rich son.
I owned several houses in El Segundo, CA at a premium because the land was sp expensive. Sold them suckets for a big profit now im living like a king inBFE.
Posted on 6/1/26 at 9:17 pm to DownshiftAndFloorIt
quote:
I think other than higher percentage of HVAC and ranges the rest wouldn't be so drastically different. A 2,000 sq ft house was gigantic in 1990, at least in south louisiana.
Maybe in your hood, but not in most.
The national average was 2,080 square feet in 1990. More than double 1950's average.
Is a bit funny hearing about boomers saying the kids won't settle for less than a mansion yet they by and large bought MUCH bigger than they had growing up.
Posted on 6/1/26 at 9:17 pm to HailHailtoMichigan!
This is the dumbest use of statistics I’ve seen.
Posted on 6/1/26 at 9:20 pm to UptownJoeBrown
quote:
The housing market is sky high because of a certain demographic that fricks up areas that have a ton of well built starter homes. Happens all over the country. Sherwood Forest and Broadmore being prime examples in BR.
Yeah because this is new phenomenon and hasn't been a 50+ year trend. It's just now hurting the market.
Posted on 6/1/26 at 9:23 pm to Salmon
quote:
the house you posted earlier was from a portfolio from a photographer that only features millions dollar homes
I want rainbolt to chime and and give us an address because depending on location I bet that house is at LEAST the national average and wouldn't surprise me if it was in the 75th percentile for home prices regardless of square footage.
Posted on 6/1/26 at 9:26 pm to El Segundo Guy
quote:
El Segundo Guy
lol
Posted on 6/1/26 at 9:29 pm to JohnnyKilroy
I never understand the point of the boomer bashing threads (this is only a tangential one). What do people want done about this perceived or real advantage boomers had? I’m GenX, but don’t get it. Short of them dying off, which will of course happen. What’s the fricking point?
Posted on 6/1/26 at 9:31 pm to Sun God
Damn he left out the part about smoking weed all day and never interacting with other humans including his "wife".
Posted on 6/1/26 at 9:32 pm to Dawgfanman
quote:
I never understand the point of the boomer bashing threads (this is only a tangential one). What do people want done about this perceived or real advantage boomers had? I’m GenX, but don’t get it. Short of them dying off, which will of course happen. What’s the fricking point?
People enjoy bitching about perceived ills. An undeniable fact of human nature.
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