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Message
re: Major social unrest is coming
Posted on 4/27/22 at 7:32 am to HubbaBubba
Posted on 4/27/22 at 7:32 am to HubbaBubba
quote:
Seems to be cheap and underpaying to me.
Architectural engineers = engineers for buildings
Architects = pretty colors and shading
Beginning architects aren't paid well, and all that expensive coffee, trendy clothes, and hair gell really hits the bottom line.
1
Posted on 4/27/22 at 7:36 am to SWCBonfire
quote:
Beginning architects aren't paid well, and all that expensive coffee, trendy clothes, and hair gell really hits the bottom line
And they tend to have substantial student loan debt
Posted on 4/27/22 at 8:31 am to David_DJS
quote:
The home your parents could afford in their 20's is not a $400K home today.
Truth.
The home my parents bought ($14K) in 1964 is worth about $200K.
The home they bought in 1972 ($32K) would be worth about $270K.
The home I bought in Atlanta in 1992 ($82K) is worth about $320K.
The home I bought in Gretna in 1994 ($105K) is worth about $280K.
The home I bought in mid city in 1997 ($75K) is worth about $500K. This one is the only outlier; I did a lot of work to it and the NOLA market exploded.
All those homes were bought when rates were higher so you can't judge the difficulty of buying only on high prices. Rates have risen this year, but are still lower than rates through most of my lifetime.
I do see the lack of inventory, especially for starter homes. They just don't build new starter homes in large markets anymore. A home that needs work is the new starter home.
Posted on 4/27/22 at 8:34 am to jawnybnsc
quote:
You can buy starter homes in just about any market for less than $200K. You can rent decent houses for $1,300. You can rent crappy houses and apartments . . . which is what I did, for less than $1k. I have no idea where you're getting your figures from. And . . . that's the point of roomies, isn't it? You don't pay the full freight on the rent.
Could be very true where you live.
In Metro Atlanta, this in not close to reality.
Posted on 4/27/22 at 8:41 am to Kingshakabooboo
quote:
Whatever happened to buying a modest starter home, living in it for several years and while it builds equity over time, your income level also increases over time as you move up the ladder in your career field
That's kind of the whole point of this thread. Those "modest starter homes" are a whole hell of a lot more expensive than most people realize they are.
Posted on 4/27/22 at 8:53 am to CAD703X
It's crazy how slow your homes in the south appreciate.
I bought a 500k house in So Cal 5 years ago. It's worth 1.1 million now. 80% of the buyers are Indians or Chinese.
But then again I have to live in California.
I bought a 500k house in So Cal 5 years ago. It's worth 1.1 million now. 80% of the buyers are Indians or Chinese.
But then again I have to live in California.
Posted on 4/27/22 at 9:07 am to poochie
quote:
Give me any city anywhere in America and I’ll find you a place that isn’t in a sketchy neighborhood for less than $200k within 20-30 miles.
Sorry, do you know how many real estate agents throughout the US are trying to find a home for under $250k in a non-sketch neighborhood for their buyers in their local markets where they have local knowledge?
You're trying to do this from your computer in a remote location.
Laughable.......
There is a reason most of the homes under $250k in many metros are currently available. They are most likely tear downs and in "rough" parts of town. If they were viable homes, Blackrock or one of the other parasites would have purchased them already.
Posted on 4/27/22 at 9:14 am to udtiger
quote:
We bought our first house in 95 (we were both 27). 3br 2.5 bath, new construction for 129k at 6%. We could have bought "more" house, but didn't want to be strapped.
This is not the thinking these days.
What is that same house going for these days? Something close to $300K? $300K for a starter home is just the reality of the market right now.
Posted on 4/27/22 at 9:19 am to Lou Pai
quote:
I dont know about "deserving" a house like that, but this won't get you that much house in a major metropolitan area.
How the frick do these people come to the conclusion that they need/deserve to own a house in a major metro area? Rent, commute, etc. just like everyone else. Unless you're a trust fund kid, STFU and be middle class, or get rich.
This post was edited on 4/27/22 at 9:24 am
Posted on 4/27/22 at 9:45 am to YumYum Sauce
quote:good jobs/employers are consolidating in atlanta, houston, dfw, etc.
How the frick do these people come to the conclusion that they need/deserve to own a house in a major metro area? Rent, commute, etc. just like everyone else. Unless you're a trust fund kid, STFU and be middle class, or get rich.
the true starter homes boomers bought when they were young (usually first or second ring of suburbs) are often now ghetto shitholes with terrible schools. any suburb with a decent school district is going to be pretty damn expensive and that's what people are talking about in this thread.
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in addition to major employers all heading to the same cities, we have a much larger population and a much much bigger underclass that makes certain areas uninhabitable for decent people. i'm really not seeing how people can look at the state of things and conclude it's just entitlement or whatever.
Posted on 4/27/22 at 9:46 am to YumYum Sauce
You boomers are something else. I havent posted on this stupid site in almost a year but this dumbass thread has caused me too. There is a complete and total lack of starter homes on the market. No one in my generation thinks they deserve shite. From personal experience my wife and I purchased a home in 2017 33 miles from downtown Houston at $250k, literally the least expensive home in the neighborhood on the complete outskirts of town. We lived there until September of last year and sold it for $340k. We are sitting on our equity until the market crashes. You people are so out touch with what is happening with the market and honestly, God forgive me, I cant wait for you to lose everything when it crashes. Signed entitled millennial.
Posted on 4/27/22 at 9:48 am to Eli Goldfinger
stop living in the middle of the city buying $8 frozo-mocha-latte-frappa-dickles
Go to the suburbs, save money and then buy something.
It's really not that easy, but you can at least save money being single making $55K - as long as you're not in the middle of a town like Nash, Austin, NYC, etc...
Go to the suburbs, save money and then buy something.
It's really not that easy, but you can at least save money being single making $55K - as long as you're not in the middle of a town like Nash, Austin, NYC, etc...
This post was edited on 4/27/22 at 9:50 am
Posted on 4/27/22 at 9:57 am to Tider13
quote:
We lived there until September of last year and sold it for $340k. We are sitting on our equity until the market crashes.
What’s it worth now?
Posted on 4/27/22 at 10:01 am to T Lasso
quote:
Go to the suburbs, save money and then buy something.
Have you checked out home prices in a decent suburb lately? Someone making $55K is going to struggle to save much of anything given how much the rental market has also exploded.
I posted earlier in this thread, but it bears repeating: I rented a shitty 685 sq ft apartment in Jacksonville three years ago for $849/month. It was a struggle, but I made it work.
I looked up the cost for the same unit yesterday just out of curiosity, and it's now going for $1209/month. This place wasn't in one of the "happening" parts of the city either.
Posted on 4/27/22 at 10:02 am to Tider13
quote:
We are sitting on our equity until the market crashes.
It's not going to crash lol
Posted on 4/27/22 at 10:04 am to TheBoomerEntomber
Ok lol. They said the same shite in 08.
This post was edited on 4/27/22 at 10:05 am
Posted on 4/27/22 at 10:04 am to T Lasso
quote:
Go to the suburbs, save money and then buy something.
quote:just lol
It's really not that easy, but you can at least save money being single making $55K -
Posted on 4/27/22 at 10:06 am to Tider13
quote:
They said the same shite in 08.
Big difference between now and 2008 is the number of cash purchases. Those obviously aren't using loans so there's no concern about them defaulting.
Posted on 4/27/22 at 10:07 am to TheBoomerEntomber
quote:Its crazy how you feel like you can make your username stand for anything but a stupid non sequitur, filled with ascerbic venom and IGNORANCE, Mr California.
It's crazy how slow your homes in the south appreciate.
Posted on 4/27/22 at 10:09 am to Tider13
quote:Well, with my generation we were at least minimally thankful when the government showered us with money all of those years.
There is a complete and total lack of starter homes on the market.
Reality awaits your visit.
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