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Message
re: When starter homes used to cost starter prices
Posted on 8/17/23 at 8:37 am to Tiger Prawn
Posted on 8/17/23 at 8:37 am to Tiger Prawn
Thanks 
1
Posted on 8/17/23 at 8:39 am to Wiseguy
quote:
Starter homes used to be starter homes, as well.
They also didn't used to be in the middle of the ghetto.
Posted on 8/17/23 at 8:39 am to boddagetta
My friend just bought a new Single Wide.
It's a nice one..95 Thousand $$
Big Bend of Florida
It's a nice one..95 Thousand $$
Big Bend of Florida
Posted on 8/17/23 at 8:40 am to Turner River Terror
quote:
My friend just bought a new Single Wide.
It's a nice one..95 Thousand $$
Manufactured housing has come a long way.
Posted on 8/17/23 at 11:39 am to BabyTac
quote:
Inflation is a product of people willing to pay more.
Posted on 8/17/23 at 11:52 am to BabyTac
quote:
Inflation is a product of people willing to pay more. Nobody to blame but the general population. Don’t like the price, don’t buy it. Plain and simple.
Posted on 8/17/23 at 11:55 am to BabyTac
quote:
Inflation is a product of people willing to pay more. Nobody to blame but the general population. Don’t like the price, don’t buy it. Plain and simple.
No, this is a product of the government getting into the loan game. See also education loans.
Posted on 8/17/23 at 12:02 pm to JustDooIt
quote:
1974 paid $29,900 for new, 3/2 in south Fla...3 miles from beach. gas was 69.9/gal
Just ran that 69.9 cents for gas through the inflation calculator and that's actually $4.34 in today's dollars. Most are paying less than that these days. Actually surprises me a bit....
And the $29,900 house would be $185,400 today. That's not happening...
Posted on 8/17/23 at 12:07 pm to BabyTac
quote:
Inflation is a product of people willing to pay more. Nobody to blame but the general population. Don’t like the price, don’t buy it. Plain and simple.
There is no way you don't come on this board with the intent to just post the stupidest crap possible.
Posted on 8/17/23 at 12:12 pm to BabyTac
quote:
BabyTac
We need to stop letting retards on this site
Posted on 8/17/23 at 12:18 pm to jcaz
quote:
In 2023 dollars this is $80k.
I don’t think you can even get a single wide nowadays for that lol
Got a cousin that just bought a double wide and I think she paid close to $120K. That is rediculous
Not too long ago there were subdivisions with houses starting around $125-150K now you can find anything livable less than $300K
This post was edited on 8/17/23 at 12:19 pm
Posted on 8/17/23 at 12:18 pm to BabyTac
Posted on 8/17/23 at 12:45 pm to AubieinNC2009
quote:
Got a cousin that just bought a double wide and I think she paid close to $120K. That is rediculous
My first home was a $17k mobile home that was 8 years old. I sold it 4 years later for $16k. A lot has changed in that market lol
Posted on 8/17/23 at 12:59 pm to notiger1997
quote:
I would live in it, the problem where I live is the damn lot would cost $225k
There is a lot 1 block from my house in Mid-City that had a huge painted sign in it for over a year.
The sign read: For Sale-----30 x 120 lot-----$350K
I passed there yesterday and that sign is now gone and there's a realtor's sign up in its place. I don't care enough to call to see what they are asking, but I'd imagine the price has dropped since it was for sale for over a year and obviously had no suckers---errr--takers.
Posted on 8/17/23 at 1:24 pm to Wiseguy
100% truth. I have been a mortgage lender for 17yrs. People treat houses like cars these days. they want a bigger and better one every 5 years. I love this because it keeps me busy but it's just so dumb. I finance homes for people in there 50's on a 30yr mortgage and it's there 3-4 home to own in 20yrs. That's just not sound financial decisions. Starter homes are 2300sq feet now.
Posted on 8/17/23 at 1:43 pm to Tiger Prawn
quote:
$7900 in 1950 would be roughly $100k today
Excluding the lot/land (big exception of course), you could get that house built today for $100K, but no one in their right mind would do it. 8 ft 2x4 walls, 24" on center studs, no insulation (maybe wool), 4/12 pitch gable roof, 6ea single pane windows and 1 door, concrete block exterior, single tub bath with single sink and one toilet, formica counters, 10 total cabinets, no built-ins, no molding, linoleum floors, no appliances, one light and four receptacles per room, no HVAC, and a single coat of white paint on all surfaces and exterior.
Posted on 8/17/23 at 1:49 pm to Wiseguy
Hell, the houses in the OP are likely priced without an A/C or light fixtures. Probably switched outlets to plug in lamps and such.
Starter homes aren't even on the same level as today's starter homes. Not even including things like dishwashers, tile floor, prewired security systems.
Starter homes aren't even on the same level as today's starter homes. Not even including things like dishwashers, tile floor, prewired security systems.
Posted on 8/17/23 at 1:50 pm to RedRifle
Yeah, they were ballin’ making $3.50 an hour.
Posted on 8/17/23 at 1:51 pm to BabyTac
quote:Yep. OP is complaining about housing prices while driving around in a $75,000 truck.
Nobody to blame but the general population. Don’t like the price, don’t buy it. Plain and simple.
This post was edited on 8/17/23 at 1:56 pm
Posted on 8/17/23 at 1:53 pm to RedRifle
That ad has no point of reference as to what year it could be from. It appears to be anywhere from the mid 50's to mid 60's.
I do know this. I bought my first house in 74 and it was an old single shotgun in the Lower 9th Ward on a 30 ft. wide by about 150 ft. deep lot and I paid $9,200 for it.
I kept it for about 5 years, put about $5K worth of material and did all repairs myself and sold it for $32K to an older couple who were the first people to look at it when it went on the market.
Problem with a lot of young people is they want to start out like they were raised by their parents and not have to buy houses that will require "sweat equity" to make them nicer.
I do know this. I bought my first house in 74 and it was an old single shotgun in the Lower 9th Ward on a 30 ft. wide by about 150 ft. deep lot and I paid $9,200 for it.
I kept it for about 5 years, put about $5K worth of material and did all repairs myself and sold it for $32K to an older couple who were the first people to look at it when it went on the market.
Problem with a lot of young people is they want to start out like they were raised by their parents and not have to buy houses that will require "sweat equity" to make them nicer.
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