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re: So all I need to do to afford a $750,000 house

Posted on 3/17/25 at 6:01 pm to
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2544 posts
Posted on 3/17/25 at 6:01 pm to
Here’s new construction for under $250k… one of those smaller homes I was told builders didn’t make anymore. Still bigger than the house my grandmother raised 6 kids in though.

Now tell me why it’s unacceptable trash for a 25-year old.

LINK
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98115 posts
Posted on 3/17/25 at 6:03 pm to
Thats listed from 250k. Its nice

Wackatard is talking about 150k or under
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476865 posts
Posted on 3/17/25 at 6:08 pm to
quote:

Now tell me why it’s unacceptable trash for a 25-year old.

It's not unacceptable. Standard tract home with a pre-selected plan. That's basically the only potential option. I think those scale with the metro area, however.

Make sure the HOA prohibits all forms of rentals or be sure to get the frick out of there before it turns into a shithole.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41092 posts
Posted on 3/17/25 at 6:14 pm to
quote:

Make sure the HOA prohibits all forms of rentals or be sure to get the frick out of there before it turns into a shithole.


Which pretty much won’t be possible because selling before that neighborhood becomes a shithole means transaction costs will eat up your equity gains(if any) and probably a portion of the initial equity you put in at purchase.

Selling one of those less than 5 years later probably loses you money.

Or you could rent it out and contribute to the neighborhood going to shite.

This post was edited on 3/17/25 at 6:24 pm
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41092 posts
Posted on 3/17/25 at 6:19 pm to
quote:

Stop buying a new cell phone every 6 months. The next time you buy a cellphone on the next plan or whatever, pay it off instead of trading it in 6 months later and adding an extra $1 ,000 into the cost of the $1,500 phone you are buying.



There it is!!!!!
Posted by BurlesonCountyAg
Member since Jan 2014
4898 posts
Posted on 3/17/25 at 6:22 pm to
quote:

It's not unacceptable. Standard tract home with a pre-selected plan. That's basically the only potential option. I think those scale with the metro area, however. Make sure the HOA prohibits all forms of rentals or be sure to get the frick out of there before it turns into a shithole.


Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 3/17/25 at 6:25 pm to
quote:

We probably have different definitions of good paying
good paying for a starter home fresh out of college? yeah, plenty of good jobs

Good jobs = wages cover cost of living and allows for savings. Not sure how else you would define it.
Posted by jimmy the leg
Member since Aug 2007
44291 posts
Posted on 3/17/25 at 6:27 pm to
You should ignore the Republicans saying that you should put the work in, and instead, do what the Dems say to do, eat bugs and live in one of these:

Posted by DrrTiger
Gulf of America
Member since Nov 2023
2544 posts
Posted on 3/17/25 at 6:36 pm to
quote:

Make sure the HOA prohibits all forms of rentals or be sure to get the frick out of there before it turns into a shithole.


The first neighborhood I could afford to buy in would be labeled a “shite hole” by many of you. Somehow I lived to tell about it and now I live somewhere nicer. This is not a new concept despite the attempts here to spin it as one.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3833 posts
Posted on 3/17/25 at 6:36 pm to
I have a 600k house, but only because it was worth 275k when I purchased it 9 years ago.

God Bless everyone in the market for a home, I mean it.
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 3/17/25 at 6:37 pm to
quote:

Wackatard is talking about 150k or under
Wacktard? Sorry you are incapable of finding a home you can afford to live in. Keep looking and lower your standards until you can afford to level up in life.
Posted by LSUconvert
Hattiesburg, MS
Member since Aug 2007
6622 posts
Posted on 3/17/25 at 6:49 pm to
quote:

Try living during the Carter years.


Quick question. Does it take more years earning the median salary to earn the value of the median home now or during the Carter admin?

Thanks!
Posted by David_DJS
Member since Aug 2005
22726 posts
Posted on 3/17/25 at 7:35 pm to
quote:

Quick question. Does it take more years earning the median salary to earn the value of the median home now or during the Carter admin?


FWIW from ChatGPT -

Median price psf in 1979 - $44
Median price psf currently - $183

Median income in 1979 - $17,500
Median income in 2024 - $80,200

80.2/17.5*44 = $201 psf versus current price psf of $183

Not that I think the market today is something we haven't seen before, but I would have guessed today's price psf would have been marginally higher than it was at the end of Carter.
This post was edited on 3/17/25 at 7:36 pm
Posted by LemmyLives
Texas
Member since Mar 2019
16136 posts
Posted on 3/17/25 at 7:43 pm to
quote:

That’s assuming your spouse makes more than the cost of daycare

Common excuse for women to get to stay home. They find the daycare all their friends swear by, regardless of cost. There are cheaper options, the women just don't want them.
Posted by wackatimesthree
Member since Oct 2019
13502 posts
Posted on 3/17/25 at 7:45 pm to
quote:

Now you can make all the excuses that im so how dumb yet am clearly much smarter than you on this subject


That genuinely made me laugh. Thanks for that.

Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138945 posts
Posted on 3/17/25 at 7:46 pm to
quote:

So all I need to do to afford a $750,000 house
Is to cancel my Netflix subscription and stop buying lattes and avocado toast?

Then I will be able to afford a house?
quote:

goldennugget
Young People Are Struggling With Weakening Critical Thinking Skills
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 3/17/25 at 7:51 pm to
quote:

No one is buying 150k houses. And you cant link any that arent a shitehole
LINK

I mean, straight out of college? Shithole?

Like i said, lower your fricking standards, swallow your pride and save some money
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10338 posts
Posted on 3/17/25 at 7:54 pm to
quote:

Common excuse for women to get to stay home. They find the daycare all their friends swear by, regardless of cost. There are cheaper options, the women just don't want them.



Cheaper options like what? Though, I generally agree with you. If your spouse is a working professional, daycare is worth it in the long run anyway if it prevents her from spending 5 years at home, allowing her to grow in her career and make more money down the line.
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
46369 posts
Posted on 3/17/25 at 7:57 pm to
My husband and I lived on ramen noodles and iced tea until our student loans were paid off. Our first home wasn’t $750k. We bought small, flipped and upgraded a few times.

Eat the ramen and shut up about it.
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10338 posts
Posted on 3/17/25 at 8:00 pm to
quote:

LINK

I mean, straight out of college? Shithole?

Like i said, lower your fricking standards, swallow your pride and save some money


Cmon man do a quick tour on google street view and tell me that's not a shite hole.
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