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Posted on 8/21/25 at 10:37 pm to Bass Tiger
quote:
Most new homes are in the 1700 sq/ft and larger with a starting price over $350K. The new market for young couples isn't small starters homes,
quote:
hard to find a new home with 1200-1500 square feet and a basement for under $250K.
quote:
it was a brand new raised ranch
quote:
there were a lot of these size homes on the new house market
Seems like when the topic of young people starting out today having trouble buying homes, everyone starts throwing around stats on new houses. There may not be as many new homes being built and the ones that are may not be starter type homes but so what. What is wrong with buying an older home. There are plenty of those out there.
Posted on 8/21/25 at 11:00 pm to Smeg
I was married and owned my home by 30. Own my second home now
Posted on 8/21/25 at 11:20 pm to Scruffy
quote:
You go from posting this:
quote:
Currently in Missouri it's hard to find a new home with 1200-1500 square feet and a basement for under $250K. They're hard to find because most builders aren't building new houses in the 1200-1500 sq/ft size.
To then posting this:
quote:
They want to buy a house but they want that $400-500K 2000 sq/ft home with a 30 year mortgage at 3% and 5% down......that's a problem. They might want to set their sites a little lower and work up to that 2000 sq/ft home after living in a more modest home for 5-7 years.
The starter home is already unreasonable at 1700 sqft for $350k.
Correct. My advice to young couples is to scale back their dream of buying the new 2000 sq/ft home for $400-500k and instead look for a home that was built 25-30 years ago that is in the 1350-1700 sq/ft size in the $200-300k price range. Live in that house for 5-10 years and then go get that bigger home.
Posted on 8/22/25 at 6:26 am to Smeg
my son married at 24 bought a house at 27 and made 160k last year. he was also the second strongest freshman on his high school football team day 1.
i missed the part were we raised kids collectively i really don't give a schit how your kids doing.
i missed the part were we raised kids collectively i really don't give a schit how your kids doing.
Posted on 8/22/25 at 6:35 am to TrueTiger
quote:
This is why we have been voting for a MAGA renaissance.
With those numbers and the crumbling financial state of the middle class over the last few decades, the MAGA Renaissance is probably about the tamest bit of socio-political upheaval we'll have in this century.
Posted on 8/22/25 at 6:41 am to Kingshakabooboo
quote:
What is wrong with buying an older home. There are plenty of those out there.
What kind of neighborhoods are they in?
What kind of condition are they in?
How much do they sell for?
Theres fewer than 20,000 people in my town. A new DSLD shitbox is $300k and up.
My 80 year old house was $240k, and it needs a fricking shitload of work done to it.
I could put my zip on zillow and even the termite infested wooden houses on cinder blocks from mid-century are $200k.
People see new homes going for $300k and they automatically raise the prices on old shitboxes.
This post was edited on 8/22/25 at 6:42 am
Posted on 8/22/25 at 7:08 am to SquatchDawg
quote:That’s just a flat out lie
it always has been to buy a house on a single income.
Posted on 8/22/25 at 7:18 am to Grumpy Nemesis
quote:
In 1950 there were more than 12 marriages per thousand people. Today there are barely five
That math is not mathing
Posted on 8/22/25 at 7:42 am to Smeg
Wife and I got married when we were 30/31, also bought house same year. Back in 2017
So glad we bought before the house (and interest rate) boom. We are sitting on a ton of equity but still waiting out this housing market to move to next house. Prices have definitely been coming down here in ATL area over the last couple months I've noticed. Interest rates on the way as well. I know we wont probably ever get spoiled again with the 2.375% interest rate we have right now
So glad we bought before the house (and interest rate) boom. We are sitting on a ton of equity but still waiting out this housing market to move to next house. Prices have definitely been coming down here in ATL area over the last couple months I've noticed. Interest rates on the way as well. I know we wont probably ever get spoiled again with the 2.375% interest rate we have right now
This post was edited on 8/22/25 at 7:49 am
Posted on 8/22/25 at 7:47 am to texag7
quote:
Boomers will beat off to that. Nothing makes them prouder than buying a home for 60k that’s now worth 1 million. And they earned it from having an average job for 40 years and playing golf every weekend. Don’t you ever forget they were the real hard workers!
Serious question, did your parents cut you out of the will?
Posted on 8/22/25 at 7:53 am to texag7
quote:
Nothing makes them prouder than buying a home for 60k that’s now worth 1 million.
I fail to see how that is a bad thing.
Posted on 8/22/25 at 8:49 am to Smeg
You will own nothing
You will be happy
You will be happy
Posted on 8/22/25 at 8:58 am to Smeg
Bought my house at 27
Married at 32
Had our first kid at 35 and wife stays home with the kiddo
We may not be cash rich, but i wouldn't trade my wife staying home with the kid for her working unless she was going to be making minimum $150K
Married at 32
Had our first kid at 35 and wife stays home with the kiddo
We may not be cash rich, but i wouldn't trade my wife staying home with the kid for her working unless she was going to be making minimum $150K
Posted on 8/22/25 at 9:06 am to Smeg
You can think all the NIMBY organizations for this. They've ensured their housing investment has gone up at the cost of reasonable priced housing...
Posted on 8/22/25 at 9:09 am to Bass Tiger
quote:*sigh*
Correct. My advice to young couples is to scale back their dream of buying the new 2000 sq/ft home for $400-500k and instead look for a home that was built 25-30 years ago that is in the 1350-1700 sq/ft size in the $200-300k price range. Live in that house for 5-10 years and then go get that bigger home.
This has been addressed time and time again.
Those homes generally do not exist anymore.
There is no glut of 25-30 year old 1350-1700 sqft homes out there.
That doesn’t even address the fact that $250-300k for a 1350-1700 sqft starter home is absolutely insane.
It is a starter home. You shouldn’t have to pay $250-300k for a starter home in a non-crime ridden area.
Posted on 8/22/25 at 9:11 am to David_DJS
quote:
If you're pissed off about this, just wait until you figure out it's boomers selling you $1,000 Taylor Swift tickets while they got to see Led Zeppelin at MSG for $10.50.
$7.50 with no extra fees for me in 1977 at the Assembly Center.
Posted on 8/22/25 at 9:12 am to Jake88
quote:No one is building 1200 sqft houses anymore.
Those houses in the 60s and 70s were 1,200 sqft.
And this isn’t a situation of younger generations designing these homes.
It is the DR Horton’s of the world. People looking for starter homes are stuck with those.
And before you say, “well, buy an older home and fix it up”, those homes are being bought by developers at a premium, who then tear them down to build another generic monstrosity, at least where I live.
This post was edited on 8/22/25 at 9:17 am
Posted on 8/22/25 at 9:15 am to Smeg
Can't you go back and find one of the other "Boomers' fault" threads about this and attach it? We have been through this ad nauseum.
Posted on 8/22/25 at 9:39 am to Smeg
3 things most responsible for housing crisis, in no particular order:
1. letting in tens of millions of non citizens
2. Blackrocks of the world buying homes as investments
3. Devaluing the currency / money printer go brr
1. letting in tens of millions of non citizens
2. Blackrocks of the world buying homes as investments
3. Devaluing the currency / money printer go brr
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