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re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.
Posted on 3/13/25 at 10:36 am to DrrTiger
Posted on 3/13/25 at 10:36 am to DrrTiger
quote:
I see. It’s interesting that all the people here bitching about how houses are completely unaffordable do, in fact, own a house.
It’s “other people” they know who can’t afford one.
not sure what "point" is even trying to be made here, it's just a fact that housing is simply the most unaffordable its ever been. You can live in a house or not to state that fact, doesnt really matter. Agian, the house we live in would have gone for $300k back in 2020-2021, back when interest rates were 2-3%. Last year our house would have sold, and quickly for $450k-$460k, and with 6-7% interest rates.
You dont see how thats an absolutely insane appreciation in a short amount of time DESPITE rates going up. This is pretty simple math here
2
Posted on 3/13/25 at 10:37 am to Bigdawgb
quote:It isn't a matter of "others not wanting to hear it." Don't assume they care enough to care at all.
boomers don't want to hear that either
Unfortunately, it's a matter of fact, and you not wanting to deal with truth.
Numbers and facts are posted in this thread. They are what they are.
Sorry if that's hard to hear.
But it's an understand it now, or understand it later premise.
Posted on 3/13/25 at 10:38 am to RiverCityTider
quote:
The Medium income Amercan Family
So just American families whose household income depends upon fortune-telling?
Posted on 3/13/25 at 10:39 am to thunderbird1100
quote:Looks like a nice home. Bet if you looked 60 miles to the south you could find a similar home for half as much. Young people want everything without sacrificing anything. Want their cake and eat it too.
You think people are moving in a place like This to "virtue signal".
quote:Then don't and pay the price. I drive 67 miles each way. We bought our house and 54 acres in 2011 for 280K. Bought the 40 acres that joined us for 120 a couple years later. We've invested a total of 400K. Land is worth about a million and house 400K today. If we sold, I'd recieve about $83 for each of the hours I have driven. (1million divided by 12000 hours) Not bad for driving a car.
If you lived in rural areas your commute would be an hour and a half about each way probably. That's a miserable life to live
Posted on 3/13/25 at 10:40 am to RollTide4547
quote:
My argument is that people need to grow up. This is the real world.
quote:
If you want something you have to sacrifice. If you're not willing to sacrifice, do without it.
Well this is the discussion. They are doing without because the sacrifice is greater now than in the past. The question is why you do you find it so hard to admit this?
Posted on 3/13/25 at 10:40 am to GoCrazyAuburn
quote:
I find it interesting how defensive people get at the slight suggestion that things could be more difficult thanwhen someone else did something, even when every statistical measure proves that to be true.
There are plenty of affordable houses on the market as demonstrated repeatedly in this thread. They just aren’t desirable to many of you because they aren’t exactly what and where you want them to be.
This notion that somehow you’re the first ones who have ever been faced with the prospect of having to compromise on a house purchase is comical. But I guess pat yourselves on the back about it if that makes you feel better.
Posted on 3/13/25 at 10:40 am to Ham Malone
quote:Actually it is. An older farmhouse with sold at auction down the road from me for 180K. House needed a good bit of work, but you could do that over time.
People keep posting shite like this like it’s possible to do now.
Posted on 3/13/25 at 10:42 am to RiverCityTider
“MEDIAN income”
For Gods sake, please fix the thread title! My OCD begs you.
For Gods sake, please fix the thread title! My OCD begs you.
Posted on 3/13/25 at 10:42 am to thunderbird1100
I swear they all lack any objective grasp of reality and just care about proving how well they did.
The fact they can't even comprehend that "what they did" isn't financially feasible to do and just saying tough shite figure it out, is beyond the pale.
It is a really bad thing for our country. What is going to be interesting to see, is when they are finally ready to sell, the gap will be so wide that there won't be people able to buy. Their on-paper gains look great rightnow, but if we keep this trend and keep this huge gap in house ownership upward mobility, it will eventually impact them too.
The fact they can't even comprehend that "what they did" isn't financially feasible to do and just saying tough shite figure it out, is beyond the pale.
It is a really bad thing for our country. What is going to be interesting to see, is when they are finally ready to sell, the gap will be so wide that there won't be people able to buy. Their on-paper gains look great rightnow, but if we keep this trend and keep this huge gap in house ownership upward mobility, it will eventually impact them too.
Posted on 3/13/25 at 10:42 am to DrrTiger
quote:
There are plenty of affordable houses on the market as demonstrated repeatedly in this thread.
Have any been posted other than in Lake Charles and that one outside ATL?
quote:
This notion that somehow you’re the first ones who have ever been faced with the prospect of having to compromise on a house purchase is comical.
Strawman. Nobody is saying that.
They just have to compromise more (or go without) more than in the past.
Posted on 3/13/25 at 10:43 am to thunderbird1100
quote:My point is that young people want it all, but they don't want to give up anything. Always complaining about this or that. Do the work it takes to get what you want or do without it. Either way quit whining.
thunderbird1100
Posted on 3/13/25 at 10:43 am to RollTide4547
In this situation what city are you commuting to from this 180k fixer upper?
Posted on 3/13/25 at 10:44 am to GoCrazyAuburn
quote:
Their on-paper gains look great rightnow, but if we keep this trend and keep this huge gap in house ownership upward mobility, it will eventually impact them too.
This is already starting, as it should be to market correct the RE bubble.
And the ones impacted the most will be the ones in BFE.
Posted on 3/13/25 at 10:44 am to DrrTiger
quote:
There are plenty of affordable houses on the market as demonstrated repeatedly in this thread. They just aren’t desirable to many of you because they aren’t exactly what and where you want them to be.
Plenty? No. Nobody has argued there are no affordable houses, so this point is moot.
quote:
This notion that somehow you’re the first ones who have ever been faced with the prospect of having to compromise on a house purchase is comical. But I guess pat yourselves on the back about it if that makes you feel better.
Case and point to the stupidity of your position. Nobody is arguing this. Nobody is even arguing that it wasn't difficult before.
Posted on 3/13/25 at 10:44 am to RollTide4547
quote:
My point is that young people want it all, but they don't want to give up anything.
quote:
Do the work it takes to get what you want or do without it.
Again, that's not the discussion.
They have to do more to get less today. Why do you refuse to admit this?
Posted on 3/13/25 at 10:45 am to GoCrazyAuburn
This is just a situation of when keepin it Bootstraps goes terribly wrong
Posted on 3/13/25 at 10:46 am to SlowFlowPro
quote:
They just have to compromise more (or go without) more than in the past.
Amazes me their lack of ability to grasp this. Just going off the numbers, they roughly have to compromise double, and these people are acting like that is an unreasonable thing to point out and say needs to be addressed
Posted on 3/13/25 at 10:46 am to Nado Jenkins83
quote:
One day poor people will just take them
They'll be shot to death and that will solve many problems.
Posted on 3/13/25 at 10:47 am to BarberitosDawg
The Boomer disregards all facts about inflation adjusted prices, purchasing power, wage growth etc.
His response is always to deflect with "Screw you, I got mine" while he pulls up the ladder behind him on his kids and grandkids, and wonder how this country got into this mess.
His response is always to deflect with "Screw you, I got mine" while he pulls up the ladder behind him on his kids and grandkids, and wonder how this country got into this mess.
Posted on 3/13/25 at 10:48 am to SlowFlowPro
quote:If they are not willing to sacrifice. Do without. What i've seen is that people never have the time/money for the things they need but always seem to have the time/money for the things they want.
They are doing without because the sacrifice is greater now than in the past.
quote:I disagree. You can do it. You can't do it exactly where you want to do it, while having new cars, going out to eat every night, owning the latest/greatest electronics and spending your spare time playing video games.
The question is why you do you find it so hard to admit this?
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