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Started By
Message
re: Major social unrest is coming
Posted on 4/26/22 at 9:55 am to Eli Goldfinger
Posted on 4/26/22 at 9:55 am to Eli Goldfinger
I don’t know Nashville safe or not safe but there are many homes under $250k
1
Posted on 4/26/22 at 9:55 am to Eli Goldfinger
quote:
Major social unrest is coming
Good. These luke warm RINO's need to be shaken to the core, so it is going to need to get bloody imo for them to come to their senses. I look forward to the liberal mobs coming out to the burbs to wake up the pussies who have fled from the cities.
Posted on 4/26/22 at 9:57 am to Gravitiger
quote:
architects in an established firm in a booming city are making
Architects really should not be paid that much, they are glorified artist.
The actual engineers (Civil, Electrical, Mechanical) have to make their imagineering work.
Posted on 4/26/22 at 9:57 am to Eli Goldfinger
quote:
The cost barriers to homeownership have prevented younger millennials and zoomers from entering the market and achieving “the American Dream”.
I think you mean "MY American Dream". THEIR American Dream is a new phone every time one is offered, and unlimited, complicated coffee drinks.
Posted on 4/26/22 at 9:59 am to Bearcat90
quote:
Millennials are in their 40's now. Not feeling sorry for anyone who's had 20 years to save a downpayment on a house by then.
Not all of us are that old. And many millennials had issues keeping jobs, finding work, and saving money, around 2008. You might recall why.
quote:
That's what millennials WANT. Most of them do not want to own anything.
bullshite.
quote:
They voted for this. I feel NOTHING for them.
No we didn't. Not all of us. Certainly most of the people I know did not. So go frick yourself.
Posted on 4/26/22 at 9:59 am to Bearcat90
quote:
I'll even expand on that. Anyone that's been out of college for even 5 to 10 years should have saved anough by then.
Why don't millennials? They live well beyond their means. Not all of them, but many of them do.
You're making assumptions again that people over the last 5-20 years lived your exact same experience. You can't compare how things are today to what you experienced. It's not the same.
I'm not saying people should not take responsibility and be fiscally responsible. What I'm saying is you're trying to view what's happening now through your lens of what you experienced at the same time in your life.
Things are not the same.
Posted on 4/26/22 at 9:59 am to Gravitiger
quote:
A server should not be making more than a architect five years out of school.
I'd imagine you'd be hard pressed to find any 5 year experienced architect making only $55k unless they live somewhere where COL is absurdly low.
Posted on 4/26/22 at 10:00 am to Eli Goldfinger
quote:
My wife is an architect and has several younger architects under her supervision. They’re all making around $55K
I found the problem.
Posted on 4/26/22 at 10:00 am to Eli Goldfinger
sounds like some people don't want to live within their means...and/or they are being inflexible on where they can live.
there is nothing under $400k in the Nashville suburbs?
there is nothing under $400k in the Nashville suburbs?
Posted on 4/26/22 at 10:00 am to LNCHBOX
quote:Somebody earlier quoted 0-5 years out of school
I'd imagine you'd be hard pressed to find any 5 year experienced architect making only $55k unless they live somewhere where COL is absurdly low.
Posted on 4/26/22 at 10:00 am to Eli Goldfinger
quote:
It would be difficult to find a decent home within 60 miles of Nashville for less than $400K
There will be when workers cannot be found
House price goes up, salary goes up. Salary gets too high company changes parameters of employment (remote work or move/add location)
There is a reason business are leaving expensive states. Business leaves, houses drop in price.
Posted on 4/26/22 at 10:00 am to Bearcat90
quote:
even a trailer
They would have to pretend they bought it ironically to save their pretentious face.
Posted on 4/26/22 at 10:01 am to beerJeep
quote:
Almost like it is by design.
"You will own nothing and love it."
Posted on 4/26/22 at 10:03 am to thunderbird1100
quote:
We got our townhouse for 4.25% back in 2017 at $275k, at 5.2% and at $425k now, the picture is quite different. With no down payment for simplicity sake, our original mortgage was $1,353/mo ($275k @ 4.25%). If someone wanted to buy our same townhouse today, it would be $2,334/mo ($425k @ 5.2%). Literally almost $1k more a month in a span of 5 years is nuts. that's a 72% increase in mortgage cost for the same place over a 5 year span.
This right here is a perfect example of why "saving money for 5 years after you get out of college" is not the reason millenials can't afford houses. I'm assuming those payments you listed don't include taxes & insurance. So the actual cost of buying the townhouse would be even higher. It's nuts right now and it's not because millenials don't want to own things.
Posted on 4/26/22 at 10:04 am to Eli Goldfinger
Are you saying they will cause social unrest because they can’t afford a house? That’s socialism brotha, that’s what they want.
Posted on 4/26/22 at 10:04 am to JasonMason
quote:In the context of what he said? Save and live within your means. What has changed to affect that?
Things are not the same.
Posted on 4/26/22 at 10:08 am to JasonMason
quote:
You're making assumptions again that people over the last 5-20 years lived your exact same experience. You can't compare how things are today to what you experienced. It's not the same.
I'm not saying people should not take responsibility and be fiscally responsible. What I'm saying is you're trying to view what's happening now through your lens of what you experienced at the same time in your life.
Things are not the same.
Things are not the same as they were in the 1920's, 1930's or 1940's either.
There's ALWAYS cyclical ups and downs.
And guess what? Seems to me the only generation that has ever used an economic downturn as an excuse for their life situation is the one right now.
Posted on 4/26/22 at 10:08 am to Eli Goldfinger
I live in a 2/1 house with square 1100 feet. I will sell it to you for $325K right now.
This post was edited on 4/26/22 at 12:11 pm
Posted on 4/26/22 at 10:08 am to Chicken
quote:
sounds like some people don't want to live within their means...and/or they are being inflexible on where they can live.
there is nothing under $400k in the Nashville suburbs?
$400k is probably a slight exaggeration, cant speak to Nashville on my own, but I've seen what's happened around ATL area and the starter/1st homes myself/wife and our friends all bought for $200k-$300k 3-6 years ago are all now like $375k-$450k...again on a higher interest rates than we all have our places for. Thats 1 thing being lost in translation, it's not just the big increase in house prices, but the increase in interest rates as well.
It's just a simple math problem
~2 years ago a house that was worth $250k could be had on a 2.8% 30 year interest rate. Today, that same house is maybe $390k and the 30 year rates are 5.2%. Do the math:
250k @ 2.8% = $1,027/mo
390k @ 5.2% = $2,142/mo
Double the cost in the mortgage. This doesnt include property tax, home insurance, either...which both of those are going to be up a good bit as well in scenario now vs. original (granted both parties feel the same burden there as long as you're in the house).
Posted on 4/26/22 at 10:10 am to Eli Goldfinger
quote:why is a young person, fresh out of school, making 55k/yr buying a $400k home?
No young person starting out in a professional career can afford a $400K home without serious help from their family.
I bought my first home at 26, but there is no way I could do that today.
For all the sh!t we give younger folks, I do feel for them.
This post was edited on 4/26/22 at 10:10 am
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