I love visiting Southern California, Orange County and along the Pacific Coast Highway is fantastic. I couldn't afford the areas that I would like. If you are out there and can afford it? I can see staying. Bottomline is that in our day to day lives, we typically interact with less than 50 people. Stick to those that you get along with, ignore the others. I wouldn't get involved with the politics. Give me my house, a 25' boat and a gym, I am good...TrojanMoondoggie said:
Someone posted a map showing the difference in age of first time homeowners by decade. In the early 80s it was like 32 yo for California and 29 for Texas. With such small difference, it certainly explains why you can't throw a rock in California without hitting a Texan.
If you could get a house in a place like California at almost the same age, why wouldn't you. The weather and geography are ten times better. Actually the geography...maybe 100 times better.
And that was when we were still getting Republican governors too. So even that was covered pretty well.
It's only fairly recently that Californians have been pushed out of California in search of other places to get their first homes now. Including places like Texas which remained relatively cheap until just recently.
Unfortunately, everybody just had to move out here and it priced California out.
I suppose for those of us who are from here though, it turned a $250,000 home bought and paid for in the early 90s into a $2.25 million home now. So I guess some things good did come out of it.
As much as I dislike the politics out here, it's pretty hard for me to leave. If I can afford to live here, I may as well. I like places like Texas, Tennessee and Idaho okay but that would be a hard trade to give up that house and the weather and the geography I have here.
Why can't young people afford houses?
26,950 Views |
326 Replies |
Last: 8 hrs ago by boognish_bear
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Those price changes are not sustainable. On top of those price changes interest rates also suck. Something will have to give.nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
boognish_bear said:Those price changes are not sustainable. On top of those price changes interest rates also suck. Something will have to give.nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
We are getting perilously close to scrapping the plan and buying an existing commercial property for our business and just living in the place we have now.
I can make it work financially but I don't want a $4,000/month home note and I don't want to tie up cash to buy down the payments.
Artificially low interest rates really boned the next generation of home buyers. For a lot of people the rates are too good to lose, for others they can't afford to move.
Depends on where you are willing to go for a job. One thing I noticed about the younger generation was that they want to live in the City they want to live, period. The places I lived starting my career for the first 10 to 15 years:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
Temple
Amarillo
Liberal
Ocala
Not exactly the garden spots.
It took 15 years to move back to Tampa and afford a house where I wanted. I am not seeing that today. I see people delivering pizza, working at Verizon or working as Barsita's, that will not move you up the ladder to get to the point where you can afford anything no matter what your degree.
FLBear5630 said:Depends on where you are willing to go for a job. One thing I noticed about the younger generation was that they want to live in the City they want to live, period. The places I lived starting my career for the first 10 to 15 years:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
Temple
Amarillo
Liberal
Ocala
Not exactly the garden spots.
It took 15 years to move back to Tampa and afford a house where I wanted. I am not seeing that today. I see people delivering pizza, working at Verizon or working as Barsita's, that will not move you up the ladder to get to the point where you can afford anything no matter what your degree.
They don't care at all about moving up the ladder. Like 0%.
nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Do expect prices to drop dramatically within the next 3-6 months if interest rates remain at 7.5%. New construction has already frozen except for the custom 2-5 million dollar home market. Those buyers often pay cash anyway.
KaiBear said:nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Location matters. If you want to live on or near the golf course you're going to pay.
Want to live on Firestone CC in Akron you can do that for a massive fee or you could buy a literal city block of homes in the city of Akron for the same amount of money.
Same city, really only blocks apart. One is just very desirable and the other isn't.
nein51 said:KaiBear said:nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Location matters. If you want to live on or near the golf course you're going to pay.
Want to live on Firestone CC in Akron you can do that for a massive fee or you could buy a literal city block of homes in the city of Akron for the same amount of money.
Same city, really only blocks apart. One is just very desirable and the other isn't.
Desirability can be adversely affected with the election of just a handful of idealists. Such fools want high density ' affordable ' apartment units to cater to their versions of utopia. Of course when hundreds of units are constructed but only half are rented ; such apartment owners will then be forced to accept section 8 applicants. Then the realities of such new neighbors comes into play rapidly.
KaiBear said:nein51 said:KaiBear said:nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Location matters. If you want to live on or near the golf course you're going to pay.
Want to live on Firestone CC in Akron you can do that for a massive fee or you could buy a literal city block of homes in the city of Akron for the same amount of money.
Same city, really only blocks apart. One is just very desirable and the other isn't.
Desirability can be adversely affected with the election of just a handful of idealists. Such fools want high density ' affordable ' apartment units to cater to their versions of utopia. Of course when hundreds of units are constructed but only half are rented ; such apartment owners will then be forced to accept section 8 applicants. Then the realities of such new neighbors comes into play rapidly.
Gotta tell you I don't see a lot of that where I am.
Yeah and then wonder why they can only afford a double wide at 40...nein51 said:FLBear5630 said:Depends on where you are willing to go for a job. One thing I noticed about the younger generation was that they want to live in the City they want to live, period. The places I lived starting my career for the first 10 to 15 years:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
Temple
Amarillo
Liberal
Ocala
Not exactly the garden spots.
It took 15 years to move back to Tampa and afford a house where I wanted. I am not seeing that today. I see people delivering pizza, working at Verizon or working as Barsita's, that will not move you up the ladder to get to the point where you can afford anything no matter what your degree.
They don't care at all about moving up the ladder. Like 0%.
nein51 said:KaiBear said:nein51 said:KaiBear said:nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Location matters. If you want to live on or near the golf course you're going to pay.
Want to live on Firestone CC in Akron you can do that for a massive fee or you could buy a literal city block of homes in the city of Akron for the same amount of money.
Same city, really only blocks apart. One is just very desirable and the other isn't.
Desirability can be adversely affected with the election of just a handful of idealists. Such fools want high density ' affordable ' apartment units to cater to their versions of utopia. Of course when hundreds of units are constructed but only half are rented ; such apartment owners will then be forced to accept section 8 applicants. Then the realities of such new neighbors comes into play rapidly.
Gotta tell you I don't see a lot of that where I am.
Sincerely glad for you
KaiBear said:nein51 said:KaiBear said:nein51 said:KaiBear said:nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Location matters. If you want to live on or near the golf course you're going to pay.
Want to live on Firestone CC in Akron you can do that for a massive fee or you could buy a literal city block of homes in the city of Akron for the same amount of money.
Same city, really only blocks apart. One is just very desirable and the other isn't.
Desirability can be adversely affected with the election of just a handful of idealists. Such fools want high density ' affordable ' apartment units to cater to their versions of utopia. Of course when hundreds of units are constructed but only half are rented ; such apartment owners will then be forced to accept section 8 applicants. Then the realities of such new neighbors comes into play rapidly.
Gotta tell you I don't see a lot of that where I am.
Sincerely glad for you
You would never bet multi family approved near a golf course here.
nein51 said:KaiBear said:nein51 said:KaiBear said:nein51 said:KaiBear said:nein51 said:boognish_bear said:nein51 said:TinFoilHatPreacherBear said:
Just saw a post that about 5 years agk, there were 80 cities that took $1 million to get a starter house. Now that number of cities is over 200. Imagine as young adults having to pay $1 mil and only get a starter house. Some Companies will have to move to get talent.
They just pay more. Then those people are shocked when they move and the $200k/yr job they had is really a $75k/year job.
Watch the videos of people asking random people what they make in Seattle/LA/San Fran etc. every person they ask is making a ton of money…because they have to or they would be homeless.
I will say this; I'm starting to be more empathetic because any decent home is going to be 350k min these days.
I've got two kids in college and fear what kind of housing situation they're going to face. Even apartment rentals have gotten crazy.
We are looking to move. We live in just about the cheapest part of the country. I'm looking to build 3ish acres, 2,000sq ft and a 60x80 or larger building for my business. I have contacts to do just about everything at a less than retail rate and you're looking at 600-750k easy.
Just the concrete for the building and driveway you're at 6 figures. 10 years ago that would have been 25-30k or less.
Running the electrical, septic and stone is a 6 figure project now.
You can get nice stuff here cheap. My current house is nice enough. It's not perfect. It's not amazing but it's fine and it's probably worth 165-175k. I don't think I could build a similar home for $250k though.
Average sales price for single family houses in our town is over $600,000.
Any house with acreage is significantly higher.
However there are four golf course communities here for a population of only 33,000.
Location matters. If you want to live on or near the golf course you're going to pay.
Want to live on Firestone CC in Akron you can do that for a massive fee or you could buy a literal city block of homes in the city of Akron for the same amount of money.
Same city, really only blocks apart. One is just very desirable and the other isn't.
Desirability can be adversely affected with the election of just a handful of idealists. Such fools want high density ' affordable ' apartment units to cater to their versions of utopia. Of course when hundreds of units are constructed but only half are rented ; such apartment owners will then be forced to accept section 8 applicants. Then the realities of such new neighbors comes into play rapidly.
Gotta tell you I don't see a lot of that where I am.
Sincerely glad for you
You would never bet multi family approved near a golf course here.
Built our house in a very nice neighborhood, ( 800k - 3M ) but never had the time or patience for golf. So the country club life style never appealed.
However there are now at least 150 apartment units now within 900 yards of the entrance to our subdivision. The guy who built them was one of my competitors; but on a personal level we always got along.
He's worth at least 50 million but a 50% vacancy rate isn't going to pay his mortgage loans. So he will eventually do whatever he needs to do. Even if it means accepting section 8 clients until he can sell off the entire project to some slum lord.
College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
My wife and I were planning to downsize once both our kids were off at college....but now I think we are gonna hold on to the bigger house just in case they have to come back for a year to save up before being independent.
boognish_bear said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
My wife and I were planning to downsize once both our kids were off at college....but now I think we are gonna hold on to the bigger house just in case they have to come back for a year to save up before being independent.
Yea…I mean I had to do that
And my first house was $175k and 2,000 sqft (2012)
Today that same house is now listed on Zillow as being $340k
Wild
Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Son made 56k in FL and had to commute 12 miles has a roommate for an Apt. He is up to 70k two years later.
Daughter made 60k in Boston and is poverty level as her sig other is still in PhD program at MIT. Clear difference in what that salary will buy. FL you may have to drive, Boston you will in poverty.
nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Same. But I think the larger point is he's right - even at $84k a year - there are lots of markets where you couldn't buy even a starter home and also have money left over to live. That's the case here in Austin.
Things have changed considerably since we were right out of college. Anyone who doesn't see that isn't paying attention.
Mothra said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Same. But I think the larger point is he's right - even at $84k a year - there are lots of markets where you couldn't buy even a starter home and also have money left over to live. That's the case here in Austin.
Things have changed considerably since we were right out of college. Anyone who doesn't see that isn't paying attention.
No disagreement. You'll do what people in California do. Live In Temecula and drive 2 hours to LA. You're not going to be able to live in Austin on 84k but you can probably live within 45 mins. Or you'll have to find somewhere else to work. Eventually the supply will outpace the demand and prices will "fall".
I drive an hour each way.
There's always a trade off.
nein51 said:Mothra said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Same. But I think the larger point is he's right - even at $84k a year - there are lots of markets where you couldn't buy even a starter home and also have money left over to live. That's the case here in Austin.
Things have changed considerably since we were right out of college. Anyone who doesn't see that isn't paying attention.
No disagreement. You'll do what people in California do. Live In Temecula and drive 2 hours to LA. You're not going to be able to live in Austin on 84k but you can probably live within 45 mins. Or you'll have to find somewhere else to work. Eventually the supply will outpace the demand and prices will "fall".
I drive an hour each way.
There's always a trade off.
Sure but the point is, that wasn't the case even 10 years ago. Houses are becoming unaffordable.
go bears!
beat stephenville!
- kkm
beat stephenville!
- kkm
Are you a man or a mouse!? - F. D.
Mothra said:nein51 said:Mothra said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Same. But I think the larger point is he's right - even at $84k a year - there are lots of markets where you couldn't buy even a starter home and also have money left over to live. That's the case here in Austin.
Things have changed considerably since we were right out of college. Anyone who doesn't see that isn't paying attention.
No disagreement. You'll do what people in California do. Live In Temecula and drive 2 hours to LA. You're not going to be able to live in Austin on 84k but you can probably live within 45 mins. Or you'll have to find somewhere else to work. Eventually the supply will outpace the demand and prices will "fall".
I drive an hour each way.
There's always a trade off.
Sure but the point is, that wasn't the case even 10 years ago. Houses are becoming unaffordable.
Again, I agree. That's not the only thing.
We make a decent living. Not rich but decent.
My one ton truck had a $92,000 sticker price.
nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Hopefully to start a family
(We need them)
Redbrickbear said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Hopefully to start a family
(We need them)
My wife and I lived with our kid in an apartment for a few years. You can have a family in an apartment just fine.
Covid really messed up the car market. I bought my Yukon XL in 2020 and its a 2019. I paid 47.5 for it as a 1 yr old truck. I couldve sold it for 15k more than I paid a year later. Now I go look for a similar vehicle thats a 1 year old Yukon XL slt and its 67-70k at least. New chevy tahoes & suburbans are 85k!! Good thing I like to drive my vehicles for 7+ years before looking to trade up.nein51 said:Mothra said:nein51 said:Mothra said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Same. But I think the larger point is he's right - even at $84k a year - there are lots of markets where you couldn't buy even a starter home and also have money left over to live. That's the case here in Austin.
Things have changed considerably since we were right out of college. Anyone who doesn't see that isn't paying attention.
No disagreement. You'll do what people in California do. Live In Temecula and drive 2 hours to LA. You're not going to be able to live in Austin on 84k but you can probably live within 45 mins. Or you'll have to find somewhere else to work. Eventually the supply will outpace the demand and prices will "fall".
I drive an hour each way.
There's always a trade off.
Sure but the point is, that wasn't the case even 10 years ago. Houses are becoming unaffordable.
Again, I agree. That's not the only thing.
We make a decent living. Not rich but decent.
My one ton truck had a $92,000 sticker price.
nein51 said:Redbrickbear said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Hopefully to start a family
(We need them)
My wife and I lived with our kid in an apartment for a few years. You can have a family in an apartment just fine.
You can...but most don't
There is a whole thread on X about how apartment living lowers family formation and child raising...
Basically if you want people getting married and having kids....they need to be in homes
[Research suggests that women who live in apartments have lower fertility rates than women who live in single-family houses. For example, a study found that women who live in studio, 1-, or 2-bedroom apartments have lower fertility rates than women who live in 1- or 2-bedroom single-family houses. Another study found that couples in apartments have a lower risk of first conception than family houses]
muddybrazos said:Covid really messed up the car market. I bought my Yukon XL in 2020 and its a 2019. I paid 47.5 for it as a 1 yr old truck. I couldve sold it for 15k more than I paid a year later. Now I go look for a similar vehicle thats a 1 year old Yukon XL slt and its 67-70k at least. New chevy tahoes & suburbans are 85k!! Good thing I like to drive my vehicles for 7+ years before looking to trade up.nein51 said:Mothra said:nein51 said:Mothra said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Same. But I think the larger point is he's right - even at $84k a year - there are lots of markets where you couldn't buy even a starter home and also have money left over to live. That's the case here in Austin.
Things have changed considerably since we were right out of college. Anyone who doesn't see that isn't paying attention.
No disagreement. You'll do what people in California do. Live In Temecula and drive 2 hours to LA. You're not going to be able to live in Austin on 84k but you can probably live within 45 mins. Or you'll have to find somewhere else to work. Eventually the supply will outpace the demand and prices will "fall".
I drive an hour each way.
There's always a trade off.
Sure but the point is, that wasn't the case even 10 years ago. Houses are becoming unaffordable.
Again, I agree. That's not the only thing.
We make a decent living. Not rich but decent.
My one ton truck had a $92,000 sticker price.
This is my work truck and I got a much better deal than 92k or it would still be sitting on the lot. However, there are loads of 6 figure Suburban/Expedition platforms out there with 8 year notes on them. Insanity.
That market is softening a lot. Stellantis is actively trying to put the entire company under. Boneheaded moves on top of boneheaded moves from them. You're starting to see inventory build and incentives return. Problem is so many people are way upside down from making terrible decisions.
Redbrickbear said:nein51 said:Redbrickbear said:nein51 said:Redbrickbear said:boognish_bear said:College students state they expect to make about $84,855 one year after graduation, according to a survey of college students by Real Estate Witch.
— unusual_whales (@unusual_whales) August 14, 2024
The average starting salary for recent graduates is $56,000, per CNBC.
The scary thing is there are lots of markets out there now where you could not even buy a house and live on 84k
So not only will you not make that… it would not be enough anyway.
Some thing seems very wrong
Why does someone fresh out of college need or want to buy a house? I rented crappy apartments for years after I graduated.
Hopefully to start a family
(We need them)
My wife and I lived with our kid in an apartment for a few years. You can have a family in an apartment just fine.
You can...but most don't
There is a whole thread on X about how apartment living lowers family formation and child raising...
Basically if you want people getting married and having kids....they need to be in homes
[Research suggests that women who live in apartments have lower fertility rates than women who live in single-family houses. For example, a study found that women who live in studio, 1-, or 2-bedroom apartments have lower fertility rates than women who live in 1- or 2-bedroom single-family houses. Another study found that couples in apartments have a lower risk of first conception than family houses]
Causation vs correlation. Are they lower fertility because they live in an apartment or is that a matter of socioeconomic reality? Ie people who live in an apartment have less money and therefore less inherent desire to have a child/children?
There's basically zero ideas that have worked to increase fertility or child rearing. Not paying people, not massive tax cuts, not homes at near 0%…all have been tried and all have had essentially no impact on birth rates.
We also simply don't need as many kids as we used to. Very few large farms these days. Kids are rewarding…but they are a massive financial burden.