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Started By
Message
re: Major social unrest is coming
Posted on 4/26/22 at 10:55 am to Eli Goldfinger
Posted on 4/26/22 at 10:55 am to Eli Goldfinger
quote:
rent is $2K/mo, and a very modest home in any metro area is around $400K.
By all means, keep doubling down with the hyperbole.
1
Posted on 4/26/22 at 10:56 am to JasonMason
quote:So? Are you arguing that being able to purchase a home is an inalienable right?
The means part. The cost of things like a home or even utilities are far outpacing wages. As someone mentioned earlier, these "starter homes" are likely in the $300k range right now. So much for a starter home.
Posted on 4/26/22 at 10:57 am to JasonMason
quote:
It's really easy to blame generations for the shite show this country has become, but all you really have to do to get the answer of who the biggest current problem is is look at the ages of those who run the country.
My point is I am not blaming any generation or any one person for anything. I do however think the current generation is the only generation in our short history who does blame their life circumstance on economic difficulties.
Personal accountability and hard work have conquered economically difficult times and always will.
Posted on 4/26/22 at 10:58 am to au1331
quote:
wah wah wah...i bout my first house during the carter years...interest rate was 18%...it had ugly yellow shag carpet but i couldn't afford to replace it...& i worked 2 jobs to afford that...young buyers should learn to settle for less and work their way up...like most of us did....
You don’t think kids are working 2 jobs now just to pay the RENT?
Posted on 4/26/22 at 10:58 am to Eli Goldfinger
quote:
That same 25yo now makes $50K
Entirely depends on your career field. I started out at $43k out of college. Kids out of college now, in my field, are making 65kish range.
quote:
and a very modest home in any metro area is around $400K.
Lower your aim, sport. $400k is not "modest". And METRO might be a sign that you should move to the burbs if you MUST OWN A HOME AT 24 YEARS OLD.
quote:
So this person makes 40% more than you did, but rent and house prices have quadrupled (at least).
Who’s better off?
The person who, like just about everyone here, rented out of college and saved their money, and didn't buy a home in a time of market volatility. This isn't hard to understand Eli.
Posted on 4/26/22 at 10:59 am to YumYum Sauce
quote:
The fact that a 20 something thinks they deserve a 400k house is laughable
Well...the point is the entry level house 20 years ago was 140k
Now its 400....
That the exact scenario here in Wake County...
I was 30 when I bought my first house for 130k.... I think I was making 50k....
Posted on 4/26/22 at 10:59 am to USMCguy121
quote:Sounds like some poor choices were made.
how about getting 1099 AND getting paid like shite?
I'm confused - are you asking that we subsidize bad choices?
Posted on 4/26/22 at 10:59 am to ApexTiger
quote:
Now its 400....
quote:
entry level house
STFU with this nonsense.
Posted on 4/26/22 at 11:00 am to SantaFe
quote:
Today if I was just out of college I would buy a used RV trailer and park that sucker on the back edge of my employer's parking lot.
No you wouldn’t.
Well…maybe in Louisiana
Posted on 4/26/22 at 11:00 am to Eli Goldfinger
quote:what does their current apartment rent cost them? and what is the issue with them continuing to rent in this apartment until they can afford a home they want?
That same 25yo now makes $50K, rent is $2K/mo, and a very modest home in any metro area is around $400K.
Posted on 4/26/22 at 11:00 am to Eli Goldfinger
quote:
You don’t think kids are working 2 jobs now just to pay the RENT?
Almost as if going into debt for a liberal arts degree has consequences.
Posted on 4/26/22 at 11:01 am to LNCHBOX
Check out some prices and get back to me.
Posted on 4/26/22 at 11:01 am to Eli Goldfinger
quote:
Check out some prices and get back to me.
I have, and you've been shown to be completely full of shite
Posted on 4/26/22 at 11:03 am to LNCHBOX
It’s not really that crazy. Anything under $400k in Houston city limits will be a townhome or condo. You aren’t getting a yard for under $400k.
Suburbs are more reasonably priced but the ones with good school districts are high as well.
I also don’t understand the rush to buy a house. Lots of it is peer pressure. I’m 28 and don’t feel the need to buy right now. If I save appropriately I’ll be ready within two years, three max.
Suburbs are more reasonably priced but the ones with good school districts are high as well.
I also don’t understand the rush to buy a house. Lots of it is peer pressure. I’m 28 and don’t feel the need to buy right now. If I save appropriately I’ll be ready within two years, three max.
Posted on 4/26/22 at 11:03 am to Eli Goldfinger
quote:
Eli Goldfinger
You still haven't explained why the idea of renting and saving is such a preposterous notion. Especially being fresh out of school.
Posted on 4/26/22 at 11:03 am to Eli Goldfinger
quote:Describe the jobs.
You don’t think kids are working 2 jobs now just to pay the RENT?
Are you talking about 20 hours a week at Target and then two nights of Uber driving?
Posted on 4/26/22 at 11:03 am to ApexTiger
quote:I have a hard time believing you can't get a starter house in the Nashville metro area for under $250k. Regardless, I would not have bought a house for $250k on a $55k yearly salary.
Well...the point is the entry level house 20 years ago was 140k
Now its 400....
This post was edited on 4/26/22 at 11:05 am
Posted on 4/26/22 at 11:04 am to NIH
quote:
It’s not really that crazy.
Yes, it is absolutely crazy to claim starter homes now START at $400k.
Posted on 4/26/22 at 11:04 am to Eli Goldfinger
Most entry level positions (with degrees) are paying 45k.
Average rent on a one bedroom apartment is $1400 to live in a safe area.
You do the math.
Average rent on a one bedroom apartment is $1400 to live in a safe area.
You do the math.
Posted on 4/26/22 at 11:05 am to LNCHBOX
quote:They're being disingenuous. It should be "starter homes I WANT start at $400K."
Yes, it is absolutely crazy to claim starter homes now START at $400k.
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