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re: Major social unrest is coming
Posted on 4/26/22 at 3:38 pm to Eli Goldfinger
Posted on 4/26/22 at 3:38 pm to Eli Goldfinger
I bought my first home with my brother before we were married 1978. Bought 2400 sq ft home 40 minutes from downtown Houston. 73,500 at 9.78 percent. Thought we had lucked out. House had cracked slab and needed updating. It all relative. There are those that do; and those that don’t.
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Posted on 4/26/22 at 3:38 pm to Eli Goldfinger
Architects that can’t afford a house…. The irony.
Career choice, location choice whatever.
Thinking life would bring you a 400k house in your 20’s is perhaps the best example of what is wrong with Americans these days.
This is the worst thread I’ve ever read on the PT.
Career choice, location choice whatever.
Thinking life would bring you a 400k house in your 20’s is perhaps the best example of what is wrong with Americans these days.
This is the worst thread I’ve ever read on the PT.
This post was edited on 4/26/22 at 3:40 pm
Posted on 4/26/22 at 3:38 pm to Eli Goldfinger
I bought my first home with my brother before we were married 1978. Bought 2400 sq ft home 40 minutes from downtown Houston. 73,500 at 9.78 percent. Thought we had lucked out. House had cracked slab and needed updating. It all relative. There are those that do; and those that don’t.
Posted on 4/26/22 at 3:39 pm to 4QNDS
quote:
I bought my first home with my brother before we were married
quote:
Alabama Fan
Checks out
Posted on 4/26/22 at 3:45 pm to Eli Goldfinger
quote:
I do feel for them.
One pulls the voting lever, they get what they deserve.
Posted on 4/26/22 at 3:47 pm to bigfatpimp
quote:
Thinking life would bring you a 400k house in your 20’s is perhaps the best example of what is wrong with Americans these days.
My take on it is that they aren't expecting a 400k house in their 20s, they're wondering why a house they should be able to afford in their 20s all of a sudden costs 400k.
Posted on 4/26/22 at 3:52 pm to ProjectP2294
quote:
Thinking life would bring you a 400k house in your 20’s is perhaps the best example of what is wrong with Americans these days.
My take on it is that they aren't expecting a 400k house in their 20s, they're wondering why a house they should be able to afford in their 20s all of a sudden costs 400k.
yea his post was a bit of a mischaracterization. they think house should be affordable because the same house would have been affordable to someone in an equivalent situation a handful of years ago.
Posted on 4/26/22 at 3:52 pm to bigfatpimp
quote:way to completely miss the point
Thinking life would bring you a 400k house in your 20’s is perhaps the best example of what is wrong with Americans these days.
Posted on 4/26/22 at 3:58 pm to YumYum Sauce
Deserve? It has not much to do with deserve. It's what the market is.
Posted on 4/26/22 at 4:01 pm to AMS
quote:
yea his post was a bit of a mischaracterization. they think house should be affordable because the same house would have been affordable to someone in an equivalent situation a handful of years ago.
1. It's not the same house. In fact, it's very different.
2. It's not an equivalent situation. In fact, it's very different.
These discussions tend to gloss over the detail, but the answers are actually in the detail.
Posted on 4/26/22 at 4:03 pm to bigfatpimp
quote:
Thinking life would bring you a 400k house in your 20’s is perhaps the best example of what is wrong with Americans these days.
I don’t think many expected $400K to be the entry price for their first home, either.
Posted on 4/26/22 at 4:03 pm to Eli Goldfinger
quote:
I don’t think many expected $400K to be the entry price for their first home, either.
Good thing it isn't, even in your market.
Posted on 4/26/22 at 4:04 pm to Eli Goldfinger
quote:
My wife is an architect and has several younger architects under her supervision. They’re all making around $55K
$26.44/hour
That’s not dick for an architect.
Are these actually architects? Or draftsmen?
This post was edited on 4/26/22 at 4:06 pm
Posted on 4/26/22 at 4:05 pm to David_DJS
quote:
gloss over the detail, but the answers are actually in the detail.
details like this?
quote:
Thinking life would bring you a 400k house in your 20’s
yes that detail is a bit of a mischaracterization.
Posted on 4/26/22 at 4:06 pm to weagle99
Our parents had segregation to keep the Fruit of Diversity away from them in working class neighborhoods. Now, we don't.
Your kids getting the shite kicked out of them by the Fruit of Diversity is a helluva price to pay for a house.
Your kids getting the shite kicked out of them by the Fruit of Diversity is a helluva price to pay for a house.
Posted on 4/26/22 at 4:07 pm to AMS
quote:
yes that detail is a bit of a mischaracterization.
Is it though? Look how many just in this thread say affordable houses "need" renovations/upgrades.
Posted on 4/26/22 at 4:12 pm to LNCHBOX
quote:
Is it though?
yes lmao. 100%.
quote:
Look how many just in this thread say affordable houses "need" renovations/upgrades.
they mention this because the need for renovations/upgrades prices them out of the affordable house. not that they think they are entitled to a 400k house. they are saying shite is unaffordable. thats very different than believing life brings a 400k house
Posted on 4/26/22 at 4:14 pm to AMS
quote:
yes lmao. 100%.
Absolutely? yikes
quote:
they mention this because the need for renovations/upgrades prices them out of the affordable house. not that they think they are entitled to a 400k house. they are saying shite is unaffordable. thats very different than believing life brings a 400k house
I can't even process what you're trying to say here
Perhaps they are expecting a little too much from a "starter" home, much in the same way OP is delusional as frick saying there are no good sub $400k homes within 60 miles of Nashville.
Posted on 4/26/22 at 4:15 pm to Eli Goldfinger
We've owned units in East Nashville. Sold them because of the hassle of dealing with the types of renters that tend to rent in these areas (not paying rent, destroying property etc., all types of people). The rents are skyrocketing IF someone can find a place. Crazy here. You can't find a 2 BR usually for under $1,600/month. Usually, in nicer areas, it's more like $3,500/month and more.
In terms of ownership, your post is spot on. Hard working younger people (and we have some family in this boat) can't see a pathway to future home ownership. And forget the "live in the suburbs and commute" noise. You pretty much can't live south of Nashville for under $400k AND expect to work in own. The drive in sucks.
Wife's (no pics) placed some clients in new housing in the Hermitage area, but it's still minimally around $400-$500k for decent homes.
I do feel sorry for these kids. You're seeing kids with good careers, salaries for their age, priced out of the market. The issue is the influx of out of staters, and investment companies, buying up homes with cash offers, no contingencies, inspections etc. No inventory. New builds make take a year to complete because of labor and material shortages, coupled with huge demands.
I really don't know what the answer will be because this is happening all over the country.
In terms of ownership, your post is spot on. Hard working younger people (and we have some family in this boat) can't see a pathway to future home ownership. And forget the "live in the suburbs and commute" noise. You pretty much can't live south of Nashville for under $400k AND expect to work in own. The drive in sucks.
Wife's (no pics) placed some clients in new housing in the Hermitage area, but it's still minimally around $400-$500k for decent homes.
I do feel sorry for these kids. You're seeing kids with good careers, salaries for their age, priced out of the market. The issue is the influx of out of staters, and investment companies, buying up homes with cash offers, no contingencies, inspections etc. No inventory. New builds make take a year to complete because of labor and material shortages, coupled with huge demands.
I really don't know what the answer will be because this is happening all over the country.
This post was edited on 4/26/22 at 4:17 pm
Posted on 4/26/22 at 4:16 pm to AMS
quote:
they mention this because the need for renovations/upgrades prices them out of the affordable house. not that they think they are entitled to a 400k house. they are saying shite is unaffordable. thats very different than believing life brings a 400k house
You're proving my point.
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