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Started By
Message
re: Troubles buying a home.
Posted on 3/14/25 at 1:25 pm to The Pirate King
Posted on 3/14/25 at 1:25 pm to The Pirate King
quote:
I mean this is just factually inaccurate. The problem is the houses you're talking about are being quickly snatched up by investors and rented out and/or renovated and sold for a much higher price.
Not really.
Right now, I'm looking at a 840 sq. ft. house on Zillow in Southdowns BR for $275k that's been listed for at least 3 months.
I bought my first house in 1998 for $85k, it was 840 sq. ft. near Southdowns. This was after starting my first job in 1990 at $18k per year.
1
Posted on 3/14/25 at 1:25 pm to 4cubbies
quote:I bought my first car at 16. They can too. Might not be top of the line, even what some call a "hooptie" mobile but it will get you from point A to point B.
You assume everyone has access to a private vehicle.
quote:Ok. See above.
Public transportation is basically nonexistent or extremely limited in suburbs.
quote:Same way I do. Hooptie. I drive 67 miles one way in a 2011 ford fiesta sedan with 280K miles.
How are people supposed to get from their cheap housing to the city where the job is?
Posted on 3/14/25 at 1:28 pm to RollTide4547
quote:how did you get to work?
I bought my first car at 16. They can too.
You’re making this whole thing about you. “I was able to do things because of the access and privileges I had so every single other person on earth can do the same thing I did regardless of their access and privileges.”
Egomaniac.
Posted on 3/14/25 at 1:28 pm to crazy4lsu
quote:Point being, make your choices and live with the outcomes.
Cool? Not really instructive with respect to the trend you brought up, but okay.
quote:No. I'm just man enough to accept responsibilty for the choices I make. Kinda like commuting 67 miles to work and not being a whiney female dog about it.
You have a plagued version of what those words mean
quote:You poor poor wittle victims. So sad.
You should do the same with respect to the reality of everything else.
Posted on 3/14/25 at 1:29 pm to RollTide4547
quote:
You poor poor wittle victims. So sad.
Lol, dude, I'm doing really well. I can just recognize trends. Sorry you can't.
Posted on 3/14/25 at 1:30 pm to RollTide4547
quote:
No. I'm just man enough to accept responsibilty for the choices I make. Kinda like commuting 67 miles to work and not being a whiney female dog about it.
You already said you WANT to live there. So yeah, I don’t expect you to complain about living where you want to live. Do you expect a party? Jeez.
Posted on 3/14/25 at 1:31 pm to 4cubbies
quote:How do they get to work now? They're working now, right? Save their money, when they can buy a hooptie move. Adapt and overcome.
how did you get to work?
quote:
Egomaniac.
quote:You keep asking about me. What am I supposed to do? Thing I see about people is they never have the time/money for things they need but always have them for what they want.
You’re making this whole thing about you.
Posted on 3/14/25 at 1:32 pm to RollTide4547
quote:Boomer behavior. Shameful.
No. I'm just man enough to accept responsibilty for the choices I make.
Posted on 3/14/25 at 1:33 pm to 4cubbies
quote:I wasn't responding to you. crazy4lsu was accusing me of not knowing what those words meant.
4cubbies
Posted on 3/14/25 at 1:33 pm to RollTide4547
quote:
1975 11800 38100 9.05 307.93 31.32%
1979 16530 62900 11.2 608.54 44.18%
1983 24550 75300 13.24 847.12 41.41%
1987 30850 104500 10.21 933.32 36.30%
1991 31553 120000 9.25 987.21 37.54%
1995 34076 114600 7.93 835.31 29.42%
1999 42000 136000 7.44 945.35 27.01%
2003 43318 161500 5.89 956.88 26.51%
2007 50233 217900 6.34 1354.43 32.36%
2011 50054 246900 4.45 1243.68 29.82%
2015 56516 289200 3.85 1355.79 28.79%
2019 68703 258000 4.13 1251.15 21.85%
2023 80610 419200 6.81 2735.66 40.72%
2025 75580 396900 6.72 2566.38 40.75%
quote:
1975 11800 38100
2025 75580 396900
so...
1975 = 3.22 x household income
2025 = 5.25 x household income
Now factor in both parents work bc wages didnt track with inflation.
1975 = 3.22 x household income + $0 childcare
2025 = 5.25 x household income + $800/month childcare
Now factor in inflated car payments: $4,971 vs $48,641 avg car price
1975 = 3.22 x household income + $0 childcare + 36% household income
2025 = 5.25 x household income + $800/month childcare + 64% household income (x2 bc mommy has to work now)
Now factor in student loans, $3,680 vs $38,270 annual tuition
1975 = 3.22 x household income + $0 childcare + 36% household income + 30% household income
2025 = 5.25 x household income + $800/month childcare + 64% household income (x2 bc mommy has to work now) + 50% household income (x2 bc mommy has to work now)
Life is more expensive now, get over it.
Quit shitting on the new generation and just be glad you lived in a time where you werent saddled with crazy debt while starting your life.
Posted on 3/14/25 at 1:33 pm to Taxing Authority
quote:Poor wittle victims can't have nuffin
Boomer behavior.
Posted on 3/14/25 at 1:34 pm to RollTide4547
I bought my current house in Jan 2021. As soon as the Dems won the Senate run offs, I knew inflation was coming and made an offer and locked in a sub 3% rate that week.
Even with a low mortgage payment locked in, the increase of home owners insurance and property taxes in the Biden years were brutal. The inflation on the escrow items was enough to have made an additional payment toward the principle each year. Making that extra payment each year would allow you to pay off a 30 year mortgage in 25 years. Bidenomics will be kicking our asses years after that senile old crook has croaked.
Even with a low mortgage payment locked in, the increase of home owners insurance and property taxes in the Biden years were brutal. The inflation on the escrow items was enough to have made an additional payment toward the principle each year. Making that extra payment each year would allow you to pay off a 30 year mortgage in 25 years. Bidenomics will be kicking our asses years after that senile old crook has croaked.
Posted on 3/14/25 at 1:35 pm to RollTide4547
quote:16 year olds without cars? I’m not assuming they have jobs.
How do they get to work now?
When I was 16 without a car, I walked to work but I was lucky enough to live close to my job. Not everyone does.
quote:
They're working now, right?
Someone who lives in a rural area because that’s the only place their parents can afford to live? I doubt it. Where would they work?
quote:
Save their money, when they can buy a hooptie move. Adapt and overcome.
Save what money? How can they earn money if they live in a rural area without public transportation?
quote:think critically. You can’t think outside of your own personal experiences which is why you are unable to understand things about the world we live in
You keep asking about me. What am I supposed to do?
This post was edited on 3/14/25 at 1:38 pm
Posted on 3/14/25 at 1:41 pm to POTUS2024
quote:
Saw a video showing that home prices have gone up 47% since 2020. That is not sustainable for anyone.
In the 5 years from 1977 to 1982 inflation was 59.2% - not just home prices, but average price for everything. Is that any more or less sustainable?
Home prices may have outpaced inflation over the last 20 years, but inflation has been historically low during that period.
quote:
If we neutered private equity
By "we" do you mean the government? Isn't government interference in the housing market part of the problem we're experiencing today?
Posted on 3/14/25 at 1:41 pm to 4cubbies
You guys keep bitching. Put up or shut up. What is your age and your household income? If you are sub 30 and bitching about not being able to afford a 500K house GTFO.
Posted on 3/14/25 at 1:44 pm to 4cubbies
quote:16 year olds are not buying houses. What we are taking about here is buying houses. I was simply saying that my first car was at 16. Smoked and leaked like crazy but got me from A to B.
16 year olds without cars? I’m not assuming they have jobs.
quote:I was talking about the people looking for a home and not able to purchase one. I live in a rural area and could easily get a job making 40K a year. (median income)
Someone who lives in a rural area because that’s the only place their parents can afford to live? I doubt it. Where would they work?
quote:If they don't have money, they can't purchase a home now can they. Whether the home is expensive or not does not matter to them. No one needs to provide you transportation, take responsibility for yourself.
Save what money? How can they earn money if they live in a rural area without public transportation?
quote:If I (and millions of other people because I'm not special) can do it, why can't others?
You can’t think outside of your own personal experiences which is why you are unable to understand things about the world we live in
Posted on 3/14/25 at 1:44 pm to Boss
Who is bitching? We’re having a discussion about an important political issue.
I already own a home.
I already own a home.
Posted on 3/14/25 at 1:45 pm to 4cubbies
This isn't a political issue though. It's a finanical one.
Posted on 3/14/25 at 1:46 pm to crazy4lsu
quote:Yet you can't seem to recognize that those in the lat 70's and 80's had an equally bad trend. They made it work. So can your generation, unless your generation is weaker...
Lol, dude, I'm doing really well. I can just recognize trends.
Sorry you can't see it.
Posted on 3/14/25 at 1:48 pm to RollTide4547
quote:
Yet you can't seem to recognize that those in the lat 70's and 80's had an equally bad trend. They made it work.
Lol
quote:
So can your generation, unless your generation is weaker...
I don't think you can guess what generation I am.
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