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re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.
Posted on 3/14/25 at 5:47 pm to LSUconvert
Posted on 3/14/25 at 5:47 pm to LSUconvert
quote:no
A median IS an average.
1
Posted on 3/14/25 at 5:52 pm to Totalfootball77
quote:Is SlaveMason or IndenturedMason better?
Trump is a Freemason
Posted on 3/14/25 at 5:58 pm to Totalfootball77
quote:Really?????
Trump is a Freemason
Link ??????
Hint: Please do not attempt to connect this to a 2010 photo of Trump receiving an honorary degree from Robert Gordon University in Scotland, because you will get eviscerated for that BS.
Posted on 3/14/25 at 6:12 pm to SlowFlowPro
quote:
There are few neighborhoods being built with 1200 square foot homes that aren't meant for Section 8/lower income populations. Lots of these homes get built, but they're being built specifically for poor people in undesirable areas.
Do you think in the good old USA, if there were dollars to be made building 1200 sq ft homes with linoleum floors, formica countertops, swamp cooling, the cheapest appliances available, no garage - you know, the home that boomers were sold back when they were stealing your future - if developers could make money building those for millennials today, don't you think they'd be doing it?
Posted on 3/14/25 at 6:17 pm to David_DJS
quote:
Do you think in the good old USA, if there were dollars to be made building 1200 sq ft homes with linoleum floors, formica countertops, swamp cooling, the cheapest appliances available, no garage - you know, the home that boomers were sold back when they were stealing your future - if developers could make money building those for millennials today, don't you think they'd be doing it?
They can’t because land prices and development costs are too high to make these types of affordable homes profitable. These types of homes often are not allowed in cities or their ETJ either - zoning requirements for lot size, minimum square footage, setbacks, etc.
Posted on 3/14/25 at 6:26 pm to Lightning
quote:
They can’t because land prices and development costs are too high to make these types of affordable homes profitable
Everywhere? I live in the Phoenix area and I'm sure what you suggest here is accurate for all the well-developed/pricey suburbs but something tells me if you wanted to build 1200 ft starter homes halfway between Gilbert and Florence, you'd be able to. I'm sure the same is true most places.
Posted on 3/14/25 at 6:40 pm to RiverCityTider
yeah well how many of those are wellfare leaches that play the game to live off the government? I'm very much under the belief that the majority of people that live like that do so because they are fkn lazy. It is out there for the taking for people that have strong work ethic.
Posted on 3/14/25 at 6:55 pm to Eighteen
quote:
has been allowed to deteriorate into such a state that they simply aren’t livable.
quote:
These “starter” apartments and homes are now permanently lived in by a underclass and turned into unsafe ghettos
quote:
Now it’s grind it out with roommates or buy a smaller house way out of city center and commute.
because of the first two situations, which are always due to a certain group of people......most people do move outside of town. It is cheaper and safer.
That certain group destroys everything they touch.
Posted on 3/14/25 at 7:10 pm to NC_Tigah
quote:
Good job! So assuming $38K down, ROI over 5yrs is ~210% in tax protected profits.
That’s exactly what we did. 40K down.
Posted on 3/14/25 at 8:20 pm to Boss
quote:
Nope. I have a 19 year old and 17 year old and they aren’t going to be bitching like this. Guaranteed.
Says most parents.....but having to pay twice as much for a house as compared to 14 years ago is absurd.
Posted on 3/14/25 at 9:22 pm to NC_Tigah
quote:
So your answer is ... 3.2 x median income in 1974 vs 2.6 x median income in 2024
I think you should stay away from math or answering questions from people
Posted on 3/14/25 at 9:24 pm to NC_Tigah
quote:
A median IS an average.
no
Found another reason you should stay away from math
Posted on 3/14/25 at 9:29 pm to djsdawg
quote:
Says most parents.....but having to pay twice as much for a house as compared to 14 years ago is absurd.
The CPI adjusted median price in 2006 (the peak before the crash) was around $340k. Now it’s around $420k.
Posted on 3/14/25 at 9:30 pm to LSUconvert
quote:
Found another reason you should stay away from math
Oof. This is going to get awkward.
Posted on 3/14/25 at 9:32 pm to LSUconvert
Here’s some data. Tell me what the median is
1
2
8
12
3,000,000,000
1
2
8
12
3,000,000,000
Posted on 3/14/25 at 9:42 pm to LSUconvert
Mean
Median
Mode
Average
All similar, but different.
Price to Income Ratio.
Median
Mode
Average
All similar, but different.
Price to Income Ratio.
This post was edited on 3/14/25 at 9:44 pm
Posted on 3/14/25 at 9:43 pm to the808bass
quote:
Oof. This is going to get awkward.
I know, right? Imagine not understanding simple math terms like average
Posted on 3/14/25 at 9:44 pm to the808bass
quote:
Here’s some data. Tell me what the median is
You want the mean, too?
Or maybe you'd like the mode?
All of which would be averages.
Posted on 3/14/25 at 9:45 pm to blue_morrison
quote:
Mean
quote:
Average
Explain how these are calculated.
Posted on 3/14/25 at 9:46 pm to LSUconvert
quote:
A median IS an average.
LOL. Wut?
Good God.
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