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re: Major social unrest is coming

Posted on 4/26/22 at 12:25 pm to
Posted by Bearcat90
The Land
Member since Nov 2021
2955 posts
Posted on 4/26/22 at 12:25 pm to
quote:

millenials would benefit from adjusting expectations/behaviors quite a bit, but that wouldn't solve the problems mentioned above


Honest question here:

If some savvy businessman started building the TINY homes that were mass built post WW2, would young people buy them?

I haven't seen any new construction of 2 BR homes in, well, forever. Was born way after that. All I ever see is the 2-3-4 story condos and personally I'd never want to live on top or below someone else.

Would millennials live in these types of homes if someone started building them in newly developed areas?

I probably would to be honest. Hard to find smaller houses like that except in marginal neighborhoods anymore.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:27 pm to
quote:

haven't seen any new construction of 2 BR homes in, well, forever. Was born way after that. All I ever see is the 2-3-4 story condos and personally I'd never want to live on top or below someone else.


In south Louisiana outside of cities they can’t build these neighborhoods fast enough.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:27 pm to
quote:

You should see the houses plant baws live in along the River between New Orleans and br.


1. Probably not a welder and cashier
2. They may have had an inheritance
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:28 pm to
quote:

Probably not a welder and cashier


What? ??? Now it makes sense. You are so disconnected from reality in your big city bubble you have no idea what goes on in the real world.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:29 pm to
Oh sure there are affordable homes in that area.

They just won’t be NEARLY as nice as the one my parents purchased new for $26K in 1972.
Posted by bluestem75
Dallas, TX
Member since Oct 2007
5104 posts
Posted on 4/26/22 at 12:32 pm to
Even the suburbs here in Dallas are charging $400k for an entry level new build. My parents bought a 4-2-2.5 2-story new build in the same area for $122k in 1990. The entry level homes in a new subdivision were easily under $100k. Home builders are building HUGE McMansions in new subdivisions in suburbs 20 miles out from city center and that’s it. There are no affordable entry level homes being built unless you want to move 40 miles out.

That leaves older homes that might go for cheaper but need updates/work putting a buyer in the same range for mortgage and remodeling.

There’s something wrong with the fact that that $122k house my folks built is going for $400k on a small lot. That’s 300% increase over 30 years. There’s no way a college grad can afford that.
This post was edited on 4/26/22 at 12:33 pm
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:32 pm to
quote:

They just won’t be NEARLY as nice as the one my parents purchased new for $26K in 1972.


So maybe don’t by a forever home at 25. Maybe buy a starter home then buy something else as your career progresses.

Still amazed you think so poorly of blue collar workers. They outwork and out-earn your office chair sitting arse.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:32 pm to
quote:

What? ??? Now it makes sense. You are so disconnected from reality in your big city bubble you have no idea what goes on in the real world.


In your rush to make me out a fool, you have turned yourself into one.

I was saying that this is what MY PARENTS were…yet they still managed to purchase a home in 1972 that would be totally out of reach for that same couple today.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:32 pm to
quote:

Even the suburbs here in Dallas are charging $400k for an entry level new build. My parents bought a 4-2-2.5 2-story new build in the same area for $122k in 1990.


Off to Zillow I go…..

328 single family residences listed in Dfw for less than $250k. Let’s liberally kill half of those since they won’t meet your standards. Still over 150.
This post was edited on 4/26/22 at 12:44 pm
Posted by AMS
Member since Apr 2016
6537 posts
Posted on 4/26/22 at 12:33 pm to
quote:

Honest question here:

If some savvy businessman started building the TINY homes that were mass built post WW2, would young people buy them?

I haven't seen any new construction of 2 BR homes in, well, forever. Was born way after that. All I ever see is the 2-3-4 story condos and personally I'd never want to live on top or below someone else.

Would millennials live in these types of homes if someone started building them in newly developed areas?

I probably would to be honest. Hard to find smaller houses like that except in marginal neighborhoods anymore.


I think so. because as you said its hard to find anything approaching reasonably affordable outside of a marginal sketchy neighborhood, which would just end up being another debt trap sinking equity into a shithole neighborhood.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:34 pm to
quote:

Still amazed you think so poorly of blue collar workers. They outwork and out-earn your office chair sitting arse.


You are complete imbecile.
Posted by jrobic4
Baton Rouge
Member since Aug 2011
13198 posts
Posted on 4/26/22 at 12:37 pm to
quote:

fact that a 20 something thinks they deserve a 400k house is laughable


Until you account for the fact that that $400,000 house today cost less than $200 15 years ago when I bought my first house
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 4/26/22 at 12:41 pm to
quote:

$26K in 1972.


$178,000 today with inflation (probably more)
This post was edited on 4/26/22 at 12:41 pm
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:41 pm to
quote:

You are complete imbecile.


You said a welder can’t afford a nice house unless they have an inheritance. Welders can make 6 figures easily. Plant workers. Field guys. Those people make money and they’re not complaining about student loan debt. But you’re so much smarter than them…


*im not a blue collar baw.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:41 pm to
quote:

Until you account for the fact that that $400,000 house today cost less than $200 15 years ago when I bought my first house


So then, here’s a thought, look in another area.
Posted by LNCHBOX
70448
Member since Jun 2009
89093 posts
Posted on 4/26/22 at 12:41 pm to
quote:

That leaves older homes that might go for cheaper but need updates/work putting a buyer in the same range for mortgage and remodeling.



There's that word again. I don't recall starter home ever meaning a new (or newly renovated) home
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:43 pm to
Nope…I said a welder & cashier in my hometown couldn’t afford the same home today that my parents did in 1972.

As to plant baws having nice homes in the river, I said they probably aren’t welders or they had family money to help.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:44 pm to
quote:

$178,000 today with inflation (probably more)


My mom’s home would probably fetch $250 today.
Posted by Abraham H Parnassis
Member since Jul 2020
2650 posts
Posted on 4/26/22 at 12:45 pm to
quote:

It seems you get your picture of a the prototypical millennial from cable news. When you say things like this, it let's me know you aren't a serious person.

I'm completely serious. It's easily the weakest, whiniest, laziest, most spoiled generation this country has ever seen.

Prove me wrong.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:47 pm to
quote:

think so. because as you said its hard to find anything approaching reasonably affordable outside of a marginal sketchy neighborhood, which would just end up being another debt trap sinking equity into a shithole neighborhood.


Give me any city anywhere in America and I’ll find you a place that isn’t in a sketchy neighborhood for less than $200k within 20-30 miles.

Name them and I’ll post links to houses that only ultra pretentious people wouldn’t buy.
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