re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.

Its every big city, its madness. Nothing feds can do about it either since its local rules

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We got through it small flat roof to save money on construction and small bedrooms on large lot compared to today.

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1) My first place was a small cheaply furnished apartment over a garage that I paid $90 a month for with water, gas and electricity.

(#2) Second place was a used manufactured home that I purchased under a lease to own. Paid it off in three years.

(#3) When I sold that I purchased a 3br home in a rapidly deteriorating part of town for $36k, at 8% interest on a owner financed deal.

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See here’s the thing, the “cheap” apartments and “starter” housing in convenient areas for college students, college grads and young married couples has been allowed to deteriorate into such a state that they simply aren’t livable.

These “starter” apartments and homes are now permanently lived in by a underclass and turned into unsafe ghettos. And apartment complexes and housing companies aren’t allowed to build “economical” type structures both in size and in prime locations anymore either, so there’s really no new inventory with your mentality.

Now it’s grind it out with roommates or buy a smaller house way out of city center and commute. I feel for younger people trying to work their way up now … but the other thing is complaining gets you nowhere. Everyone grows up with circumstances out of their control so you have to just deal with it and get what you can when you can, and America is still the place that lets you get as high as you want

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(#1) My first place was a small cheaply furnished apartment over a garage that I paid $90 a month for with water, gas and electricity. (#2) Second place was a used manufactured home that I purchased under a lease to own. Paid it off in three years. (#3) When I sold that I purchased a 3br home in a rapidly deteriorating part of town for $36k, at 8% interest on a owner financed deal. (#4) Next was a house at $87k that had a two car garage, two bedrooms and two baths. (#5) Next was a home at $165k, that had four bedrooms, 2.5 baths and 2 car garage. (#6) then the home I'm in now has 4BR, a media room, two living areas, large designer kitchen, 3 car garage and a pool for $365k. That was in 2001.



Quadruple the cost of all of that and keep your wage the same. Your situation in 1975 would have you living absolute squalor right now.

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Then double and triple the cost of all those stepping stone homes while your.income stagnated.

These bootstrap guys, boy. Their 401k is a product of inflationary over spending driving up financial assets and they attribute it to their own hard work.

These bubbles made your lives bubs, along with the exportation of others jobs. Now we are in the end game and these fantasies are not helping.

Look at affordability when Trump was in office and then at end of Pedo Joe term

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Quadruple the cost of all of that and keep your wage the same. Your situation in 1975 would have you living absolute squalor right now.

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Min wage was $2.10 in 1975. While 7.25 is legal low, mostly everywhere ots closer to 10 or more.

You don't have to put any down on a VA loan, but you can if you want to.

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See here’s the thing, the “cheap” apartments and “cheap” housing in convenient areas for college students, college grades and new workers has been allowed to deteriorate into such a state that they simply aren’t livable.

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lol, gtfo. No they haven’t.

The main issue is our expectations, they have gotten out of hand especially for young people.

New nice vehicle, nice house, vacations, eating out, top of the line electronics, etc.

If you live like someone in 1975, 1985, or hell even 1995 it’s pretty damn cheap actually.

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There a lot of mansions in this country. One day poor people will just take them Reply

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They already doing this in Commifornia. Just move break into the house, change locks, file paperwork and it takes years for the owner to legally get you out.

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This generation is going to have to learn to suffer and save.

Not a new concept.

My first home after marriage in 1979 was a fixed 30 year at 13.4% interest 30% down.

We got through it small flat roof to save money on construction and small bedrooms on large lot compared to today.


Suffering in an honest debt builds a family.

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There's a guy on youtube that analyzes comments like this. He lays out the numbers. What you did in 1979 was feasible. For the majority of people now, home ownership isn't even feasible. The cost increases have not been linear and they have not been aligned with changes in income and other items making up the cost of living.

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$3.25 an hour in 1975 is $19 an hour today.
You’d be living out of a van.

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Imagine thinking you have it way worse today than people of the 70's. You have no freaking clue and don't give a damn when you were born.