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re: Zillow: 242 US cities now have starter homes that cost $1M
Posted on 6/23/26 at 1:57 pm to Chucktown_Badger
Posted on 6/23/26 at 1:57 pm to Chucktown_Badger
quote:
Because heaven forbid someone not be able to get exactly what they want when they want it at the price they think they should get to pay.
First time home buyers are nearing 40 years old dude. We’re watching the American dream erode right in front our eyes and you idiots want to knight for a bunch of crooked politicians and blame it on some made up class of normal Americans. Makes zero sense
1
Posted on 6/23/26 at 1:57 pm to Kinderman
The leftists that live in a lot of these places don't realize that the crappy governments they elect may "Pacific Palisades" them if they ever get the chance
Posted on 6/23/26 at 1:58 pm to wheelr
Welcome to the effects of inflating the money supply.
Posted on 6/23/26 at 2:01 pm to wadewilson
quote:
This is unsustainable
Depends on what your definition of sustainability is. The world is hurtling towards a dystopian society where no one owns anything. Slowly but surely, everything will be rented, subscription, or PPU (pay per use), including housing.
Posted on 6/23/26 at 2:04 pm to CPA Yung Boi
quote:
We’re watching the American dream erode right in front our eyes and you idiots want to knight for a bunch of crooked politicians and blame it on some made up class of normal Americans.
Did you even read my posts? I literally said much of the problem is the politicians and their policies, taxes, and regulations
The politicians are most to blame for meddling in the market. Well, that, and one of the largest migrations in our countries' history. Letting about 20MM illegals in at the same time didn't help either.This post was edited on 6/23/26 at 2:08 pm
Posted on 6/23/26 at 2:05 pm to Chucktown_Badger
quote:
Did you even read my posts? I literally said much of the problem is the politicians and their policies, taxes, and regulations The politicians are most to blame for meddling in the market.
And in the next breath up vomitted the Boomer trope of delayed gratification
Posted on 6/23/26 at 2:09 pm to CPA Yung Boi
You not liking hearing it doesn't mean it's not true.
And it doesn't have to be a new house. It can be lots of things. You want the best thing right now, ability to pay for or afford it be damned. YOLO, right? That's what credit is for.
And it doesn't have to be a new house. It can be lots of things. You want the best thing right now, ability to pay for or afford it be damned. YOLO, right? That's what credit is for.
This post was edited on 6/23/26 at 2:10 pm
Posted on 6/23/26 at 2:13 pm to Chucktown_Badger
quote:
And it doesn't have to be a new house. It can be lots of things. You want the best thing right now, ability to pay for or afford it be damned.
The whole point of the OP is the bottom third of homes in many major population centers are a million fricking dollars dude
Posted on 6/23/26 at 2:14 pm to Kinderman
quote:this is all that matters
While the typical starter home nationwide is worth $198,649
Posted on 6/23/26 at 2:19 pm to Chicken
quote:
While the typical starter home nationwide is worth $198,649
quote:
this is all that matters
Starter homes are 2.5x the Median us household income. That’s mucho not good
Posted on 6/23/26 at 2:20 pm to CPA Yung Boi
Here's a stat:
"The average Gen-Zer started saving for retirement at age 22. The typical Gen Xer, by contrast, started saving at age 32."
"The average Gen-Zer started saving for retirement at age 22. The typical Gen Xer, by contrast, started saving at age 32."
Posted on 6/23/26 at 2:48 pm to CPA Yung Boi
quote:
CPA Yung Boi
Jesus mingo you could have tried a little harder on that alter name
Posted on 6/23/26 at 2:53 pm to Kinderman
quote:
A typical "starter home" is defined for this analysis as a home in the lowest third of home values in a given region.
This is a analysis that can be easily manipulated.
Posted on 6/23/26 at 2:55 pm to CPA Yung Boi
quote:
The whole point of the OP is the bottom third of homes in many major population centers are a million fricking dollars dude
You were suggesting that delayed gratification is not a problem with young people nowadays. I was suggesting that it is and saying otherwise is ridiculous.
The median sales price in America has been coming down for 3.5 years. The market has been and will continue to adjust, as it always does. But we've got people who can't delay gratification and feel entitled to live wherever they want and be able to own a house there, so they will demand government intervention which will only make things worse...as it always does.
LINK
Posted on 6/23/26 at 2:59 pm to Chucktown_Badger
quote:
You were suggesting that delayed gratification is not a problem with young people nowadays. I was suggesting that it is and saying otherwise is ridiculous.
Average first time homebuyer age continues to rise
Posted on 6/23/26 at 3:20 pm to CPA Yung Boi
quote:
major population centers
Or just a handful of very large cities.
Posted on 6/23/26 at 3:27 pm to CPA Yung Boi
quote:
Average first time homebuyer age continues to rise
Any chance that could be because they've all blown their money on other shite and carrying a bunch of debt?
It's no less a viable factor than your suggestions that the housing market is broken and biased against first time home buyers and, well, I'm not sure what you're suggesting is the answer.
ETA I'd also like to see the list of cities, specifically. Because this article says there are 3 in South Carolina.
So I would think: Hilton Head? Nope. Charleston? Nope. Mount Pleasant? Nope. So if it's something like Kiawah Island, Sullivan's Island, and Isle of Palms, then that article is fricking stupid. Because no one buys a starter home in those places...and it solely exists as rage bait for little people like Mingo.
This post was edited on 6/23/26 at 3:32 pm
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