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Started By
Message
1
Posted on 3/18/25 at 7:28 pm to SDVTiger
quote:So no 22y/o making near US median income as a starting salary would buy that home?
No 22yr old making 70k would ever buy that
Probably not.
How long do you expect it should take a 22yr old to make $70K??
Posted on 3/18/25 at 7:28 pm to NC_Tigah
quote:
quote:
What do you think this means dumbass?
I think it means exactly what I said, dumbass. Do you understand the ramifications of buying down rates as opposed to "negotiating lower rates" dumbass?
Semantics...you really are very lame
Posted on 3/18/25 at 7:33 pm to JohnnyKilroy
quote:
quote:
There are people in this thread that said they bought down rates with points in 1981...
Who?
Its in this thread somewhere, I remember someone saying it. Regardless its a weird point to get hung up on. There seems to be a ~year long period from 1981-1982 when rates were 16+. Rates then dropped pretty steadily until the 90s when they got down below 7%
Hopefully there were no idiots dumb enough to buy a house at 16% interest and pay that for 30 years
Posted on 3/18/25 at 7:33 pm to NC_Tigah
quote:
So no 22y/o making near US median income as a starting salary would buy that home?
This waa the parameters that were used in this thread. A 22yr old making a 70k salary out of college
They wouldnt buy a shitehole at 150k when they could rent for the same or step their game up and spend 300 more for a 250k starter home that was linked
There are ppl arguing that the 150k crack dens are not shiteholes and that the 22yr making 70k should suck it up and buy that shitehole cause equity
And they are saying to put 20% down on it
Im arguing that there are no homes at 150k that are not shiteholes (proven) and that the 22yr old should buy the 250k new build or rent for 1k and save money in a complex that has all the amenities. A place that a female wouldnt need to take a shower immediately after getting kicked out the next am
Posted on 3/18/25 at 7:34 pm to scottydoesntknow
quote:No dumbass.
Semantics...
Not ""semantics""
Stupidity.
Just as you didn't know what an analogy is, when you meant hyperbole.
Posted on 3/18/25 at 7:36 pm to SDVTiger
quote:
This waa the parameters that were used in this thread.
quote:
So all I need to do to afford a $750,000 house
Posted on 3/18/25 at 7:40 pm to goldennugget
I’d say you should make 250k annually minimum to afford a 750k house.
Even then it’s probably a poor financial decision.
Even then it’s probably a poor financial decision.
Posted on 3/18/25 at 7:41 pm to scottydoesntknow
quote:
There are people in this thread that said they bought down rates with points in 1981...
quote:
said they negotiated this in 1981
What do you think this means dumbass?
Wait? You think paying more is negotiating?
Posted on 3/18/25 at 7:43 pm to scottydoesntknow
quote:Nobody did. We refinanced every couple points it dropped.
Hopefully there were no idiots dumb enough to buy a house at 16% interest and pay that for 30 years
Just like anyone who financed at 6.5-7 now should be doing if it gets back to 5.25 or better.
Posted on 3/18/25 at 7:44 pm to NC_Tigah
sweet burn bro
Posted on 3/18/25 at 7:49 pm to La Place Mike
just being objective, I havent seen a house for sale in the $200k range in a looooong time (maybe a trailer). If a house is in the $300k range, it needs a complete refurb (maybe hole in roof/ mold issue). But I live in the northeast. I've made a few mistakes in RE and feel for the next generation because they dont "settle".
Posted on 3/18/25 at 7:55 pm to goldennugget
You can start by getting a job.
Posted on 3/18/25 at 8:02 pm to 3D
quote:
just being objective, I havent seen a house for sale in the $200k range in a looooong time (maybe a trailer). If a house is in the $300k range, it needs a complete refurb (maybe hole in roof/ mold issue). But I live in the northeast. I've made a few mistakes in RE and feel for the next generation because they dont "settle".
Bro just move to rural Alabama and buy a house there. Stop being lazy /s
Posted on 3/18/25 at 8:20 pm to goldennugget
My first house, in 1982, had a 12% interest rate. Young uns would have a heart attack if they were faced with that.
Buy a starter home (like I and many other people did) and work your way up to a nicer, larger house.
Buy a starter home (like I and many other people did) and work your way up to a nicer, larger house.
Posted on 3/18/25 at 8:29 pm to NC_Tigah
This was later on in the thread
Probably 10pages ago
Probably 10pages ago
Posted on 3/18/25 at 8:39 pm to goldennugget
quote:
So all I need to do to afford a $750,000 house
No, you need to live within your means.
Posted on 3/18/25 at 9:03 pm to 3D
quote:I can buy a better house, almost certainly in a better area in Alabama for 300k than anything you’re able to get there apparently.
If a house is in the $300k range, it needs a complete refurb (maybe hole in roof/ mold issue). But I live in the northeast. I've made a few mistakes in RE and feel for the next generation because they dont "settle".
LINK Looked at that one when my daughter was thinking about one in Pike Road. Bunch sold 280-320 in that subdivision. You can buy new in that range too
Posted on 3/18/25 at 9:06 pm to Ostrich
quote:
Bro just move to rural Alabama and buy a house there. Stop being lazy /s
Or don’t, and do what millennials do best - cry about it.
Posted on 3/18/25 at 9:20 pm to HubbaBubba
quote:For those willing to look, there are homes to be found.
HubbaBubba
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