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Started By
Message
re: 57% of US households can't afford to buy a $300K home today. The median is around $408K
Posted on 5/14/25 at 10:10 am to swamptiger99
Posted on 5/14/25 at 10:10 am to swamptiger99
quote:
Many of you scoff at those who ask for more than 70k for a starting salary.
I'm a Gen Xer and absolutely don't scoff at anyone asking $70k for starting salary. I came out of school around the year 2000 and realize that $70k is the equivalent of asking for $35k back then. Which was a pretty common starting salary.
One additional problem with the housing market is that no one is building new starter homes. Builders are trying to extract as much money as possible from every tiny piece of land and square footage runs up the price in a scale that isn't directly in line with material costs.
0
Posted on 5/14/25 at 10:11 am to riccoar
Yes, we had an Accounting and Business course which actually gave people checks and taught them how to fill out check and to manage the accounts.
Posted on 5/14/25 at 10:14 am to stout
quote:
Link me to where I have said a correction this time around will be the same as 2008 please.
You've been preaching housing market doom and gloom on here for years and it still hasn't come to fruition. I think you might have a bottle of Jergens on the table next to you and your pants pulled down while typing these threads
BTW I think I saw yesterday where home appreciation for 2025 is now estimated to be 5% in most major metro areas.
Posted on 5/14/25 at 10:17 am to roadGator
quote:
What’s the best way to find foreclosures before the crowd?
You can't really unless you manage the portfolios like I do. All of the online services saying which houses are in foreclosure are wrong for the most part. They are not onto the foreclosures until a property is already late in the process or has already gone through sheriff sales. By then they are conventional, HUD, or VA REO and hitting the MLS where everyone knows about them. I know just about every foreclosure in the markets we cover and the data on those sites is junk. Don't pay for their services.
quote:
Banking relationships?
Their REO department but FYI most banks no longer have REO departments and sub that work out to national firms who sub out to regional firms like mine.
Posted on 5/14/25 at 10:20 am to ronricks
quote:
I think you might have a bottle of Jergens on the table next to you and your pants pulled down while typing these threads
You like to picture me jacking off? Phaggot
Posted on 5/14/25 at 10:21 am to stout
quote:
You can't really unless you manage the portfolios like I do. All of the online services saying which houses are in foreclosure are wrong for the most part. They are not onto the foreclosures until a property is already late in the process or has already gone through sheriff sales. By then they are conventional, HUD, or VA REO and hitting the MLS where everyone knows about them. I know just about every foreclosure in the markets we cover and the data on those sites is junk. Don't pay for their services.
Do you cover the central Arkansas area by chance?
This post was edited on 5/14/25 at 10:23 am
Posted on 5/14/25 at 10:23 am to boogiewoogie1978
quote:
Do you cover the central Arkansas by chance?
No. Used to years ago but it was too hard to keep good crews there due to lower volume of work
Posted on 5/14/25 at 10:25 am to stout
Well shite.
Posted on 5/14/25 at 10:40 am to PeleofAnalytics
quote:Lol
If they were as capable and prepared as earlier generations, people wouldn't scoff as much.
Got my first job at 33(two years ago) with a large financial services company where I live. I work very hard and perform at a very high level.
I can tell you, without question, young people absolutely dominate older folks here.
I cannot speak more poorly on the 40-60 year old employees here. Lazy, legitimately unintelligent, zero critical thinking, and all around looking to dump work on anyone they can using ignorance as the reason.
Where do y’all work where young people are arse? It’s the exact opposite here.
Posted on 5/14/25 at 10:51 am to stout
quote:
No. Used to years ago but it was too hard to keep good crews there due to lower volume of work
Posted on 5/14/25 at 10:53 am to ReauxlTide222
quote:
Lol
Got my first job at 33 (two years ago) with a large financial services company where I live. I work very hard and perform at a very high level.
I can tell you, without question, young people absolutely dominate older folks here.
LOL.
Cool story. I guess I must repeat 90% of the new hires at my office (Gen Z) are incompetent and/or lazy and/or entitled and/or easily offended and/or always on their phone.
Read any recent HR studies. Talk to HR consultants. Read studies from recruiting agencies. This is how most people see it. Your anecdote from your extensive history at our office (a whopping 2 years!) does not discount the overall trend. I am also sure your massive amount of experience at your new business gives you more than enough information to evaluate who is incompetent and who is not. Or maybe your company is just generally incompetent across the board.
Posted on 5/14/25 at 11:00 am to PeleofAnalytics
My success so far has exposed me to a lot. And I feel as though I am a good judge of these things.
Why do y’all always get so weird and competitive about companies? You have no clue who I work for and you’re over here talking shite
Why do y’all always get so weird and competitive about companies? You have no clue who I work for and you’re over here talking shite
Posted on 5/14/25 at 11:03 am to stout
quote:
We need values to deflate which will make boomers big mad.
But not Gen X or Millennial homeowners? Why not?
Posted on 5/14/25 at 11:07 am to CleverUserName
quote:
ut not Gen X or Millennial homeowners? Why not?
Are Gen X or millennials retired or retiring soon and have a ton of their net worth tied up in their house with plans to extract that worth by selling and downsizing?
Gen X and Millennials have time for a correction and natural healthy appreciation back up. Boomers do not.
Posted on 5/14/25 at 11:09 am to ReauxlTide222
quote:
Got my first job at 33(two years ago)
What were you doing in your 20s?
Posted on 5/14/25 at 11:15 am to stout
I’m wondering how the ratio of people able to buy a 750K home is around 6 million yet most every home in that range is occupied across the country and there is way way more than 6 million homes worth that. Without investigating on I would look at the numbers of high end houses on the whole of the eastern coast, west coast large and moderately cities as well as any destination region ( which are very many)
Posted on 5/14/25 at 11:29 am to ReauxlTide222
quote:
Why do y’all always get so weird and competitive about companies? You have no clue who I work for and you’re over here talking shite
Why do you get so weird and defensive about actual data and studies that show problems with Gen Z and younger Millennials in the workforce as opposed to your personal anecdote? The studies don't care about offending you and whether you feel like you assessment of generations in the workforce is spot on. And you have a clue who I work for and you talk shite? Sorry, you just exemplify the Gen Z and young Millennial stereotype. You are at a job 2 years in one office and think you know everything about what people do and which groups are most competent. You are like a carbon copy of every new hire we have in the last few years. It's all about you and not what anyone outside of your head has observed and documented.
You may be great at your job. Congrats. Being in the financial industry, you should be familiar with what outliers are. Doesn't mean you are now an HR consultant. Doesn't mean you are involved in hiring. Just don't be too surprised if a venture capitalist comes in and decides that they could easily function without half of the youngest age group in your office and replace them with AI because they are not worth the trouble. They are buying up companies in the financial service industry all over the country and have no problem replacing the groups that are most easily replaced with AI functions.
I suggest you actually do some homework on the subject instead of relying on your own confirmation bias in your very short career. I am feeling deja vu speaking to young brick wall though and know this will go nowhere. Later.
Posted on 5/14/25 at 11:34 am to stout
65.7% of homes are owner-occupied. That’s down from ~69% of homes being owner-occupied in 2004 (the US high water mark).
Posted on 5/14/25 at 11:36 am to stout
quote:
Are Gen X or millennials retired or retiring soon and have a ton of their net worth tied up in their house with plans to extract that worth by selling and downsizing?
There is a ton of Gen X that are retired or are soon. You do know the first year of Gen X is 1965 don’t you? Not everyone retires at SS full benefit age.
Hell I’m very late Gen X and would be pissed if I took a big haircut on my home’s value.
This post was edited on 5/14/25 at 11:38 am
Posted on 5/14/25 at 11:44 am to swamptiger99
quote:
Many of you scoff at those who ask for more than 70k for a starting salary. I'll just go walk in, with a firm handshake, and get a job. The world has changed and y'all suck
my son graduated in 2018 his starting salary was 75k and he's now making 160k and just bought a house last year. here's a lesson you need to learn,
we don't live our lives collectively, it's an every man for himself kinda deal.
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