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re: Stats don't indicate a good trend for America and your children
Posted on 8/22/25 at 5:50 pm to Bass Tiger
Posted on 8/22/25 at 5:50 pm to Bass Tiger
quote:
They don't want a used home that's 30-40 years old under $300k, they want that brand new 2000 sq/ft home that's $400-500k and most of their friends are the same way. They don't want to live modestly for a little while and then buy the nicer home in the their mid to late 30's. The homes under $300k are out there if you're willing to forgo the brand new $500k home in the suburban subdivision.
This is exactly what I see, over and over and over again.
1
Posted on 8/22/25 at 5:52 pm to Scruffy
quote:
starter home is already unreasonable at 1700 sqft for $350k
Plenty of markets where the 1700 sq ft home is well above 350K as well
Posted on 8/22/25 at 5:54 pm to Bass Tiger
quote:
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.
Those homes trend closer to 300 than 200 in most markets
Posted on 8/22/25 at 5:55 pm to Smeg
If youd just stop drinking avocado toast lattes at Starbucks and get a paper route second job, you could afford a house!!!
Posted on 8/22/25 at 7:53 pm 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!
You have no idea the hardships many of us boomers went through to make it! We weren't cuddled like the young people of today, living with mommy and daddy until they are 30 and then saying a 40hr job is too tough!
Decades ago, after H.S., kids moved out, went to work and even a lot of us that went to college were also working until we got our degree, then left as soon as we graduated. We were taught at a young age to work hard and get out on our own. If you were living with your Parents after your school years, you would be considered a failure in our day. And that 60K house? When I was transferred to Houston at the end of 1980 for a professional office job, my fellow workers were upset when they heard my starting salary was a whopping $12.5K a year! And those weekends? My job never ended, ususally going into the office even on weekends! Forty hour weeks? That would have been a dream, more like closer to 55 or more!
Posted on 8/22/25 at 8:19 pm to Smeg
Big Corporate America has been trying to end home ownership for decades. Renters make better slaves
Posted on 8/22/25 at 8:28 pm to Smeg
In the 50s, ya could work a minimum wage job and be able to afford a house.
Now.. I know people working two full time jobs, and still not able to afford to buy a house.
Now.. I know people working two full time jobs, and still not able to afford to buy a house.
Posted on 8/22/25 at 8:34 pm to blowmeauburn
Sorry but we’ve never been a two income home and we attained wealthy status in my 40s when my wife stayed at home with my kids. It’s not necessary to be a two income household. It just requires sacrifice.
Posted on 8/22/25 at 9:24 pm to blowmeauburn
quote:
You don't start to build wealth until you have 2 incomes.
Mother fallacy. A two income household isn’t a necessity. Society has made it one. Raise a family instead of raising a career. America needs families, strong nuclear families.
Posted on 8/22/25 at 9:25 pm to wackatimesthree
quote:
This is exactly what I see, over and over and over again.
The old homes where I live are cheaper than the new construction homes but they're not any cheaper than a home that was built 3-5 years ago.
Posted on 8/22/25 at 9:27 pm to Plx1776
quote:
In the 50s, ya could work a minimum wage job and be able to afford a house.
If you worked 50 hours a week on minimum wage you could barely afford utilities and property taxes much less afford to buy a home.
It's a different era and one that the ultra rich love the shite out of
Posted on 8/22/25 at 9:28 pm to Smeg
This thread comes up repeatedly and, I frankly find it stunning that there are actual living breathing human beings that don't comprehend that just because a product has the same name does NOT mean it's the same product and you can compare it over time.
There is ABSOLUTLEY NO COMPARISON WHATSOfrickINGEVER between a home from 1950 and a home today.
There is ABSOLUTLEY NO COMPARISON WHATSOfrickINGEVER between a home from 1950 and a home today.
Posted on 8/22/25 at 9:32 pm to Grumpy Nemesis
quote:
This thread comes up repeatedly and, I frankly find it stunning that there are actual living breathing human beings that don't comprehend that just because a product has the same name does NOT mean it's the same product and you can compare it over time.
There is ABSOLUTLEY NO COMPARISON WHATSOfrickINGEVER between a home from 1950 and a home today.
Right. Homes built in the 1950s had better quality lumber.
Posted on 8/22/25 at 9:34 pm to Powerman
quote:
Right. Homes built in the 1950s had better quality lumber.
Are you fricking trolling. Seriously. Are you just going to fake stupidity to avoid the point? Is that your plan?
Posted on 8/22/25 at 9:36 pm to Smeg
My issue is more with the quality than the price. You can spend 300 to 400K and still end up with a lemon. I do think house prices have increased dramatically but we also have a lot of other things we waste our money on that other generations didn’t.
Posted on 8/22/25 at 9:38 pm to Powerman
Let me just ask a simple question and get an honest answer.
If you built an EXACT REPLICA using the exact materials and following the exact standards of 1950 to build a home that was the median price in 1950...........and you placed it in a comparable neighborhood today, what would be the ballpark price? How would it stand up in the marketplace. Remember, it can ONLY have the features it would have had in 1950 from floor type, to kitchens, to appliances, to square footage to garage size.
If you built an EXACT REPLICA using the exact materials and following the exact standards of 1950 to build a home that was the median price in 1950...........and you placed it in a comparable neighborhood today, what would be the ballpark price? How would it stand up in the marketplace. Remember, it can ONLY have the features it would have had in 1950 from floor type, to kitchens, to appliances, to square footage to garage size.
Posted on 8/22/25 at 9:39 pm to texag7
Classic Marxism. Nice Job!
You’re a good comrade.
There might be a new apartment in your future.
You’re a good comrade.
There might be a new apartment in your future.
Posted on 8/22/25 at 9:39 pm to Grumpy Nemesis
quote:
Are you fricking trolling. Seriously. Are you just going to fake stupidity to avoid the point? Is that your plan?
No
And it's worth noting that the homes that were built in the 1950s are out of reach for a lot of young adults also
A modest 3/2 home built in the 50s that's around 1500 sq ft can be well over 350K in many markets. Even in markets that aren't "expensive"
Posted on 8/22/25 at 9:40 pm to Powerman
quote:Then you should be embarrassed.
No
See my follow on post. Answer it HONESTLY
Posted on 8/22/25 at 9:40 pm to Grumpy Nemesis
quote:
If you built an EXACT REPLICA using the exact materials and following the exact standards of 1950 to build a home that was the median price in 1950...........and you placed it in a comparable neighborhood today, what would be the ballpark price?
I know this. You'd need more than one median income to purchase it.
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