Modernism done right
Why can't young people afford houses?
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Last: 2 hrs ago by nein51
Brooklyn Heights (arguably the best suburb in North America) an excellent model in how to build places for all ages, household types, and stages of life, without compromising on beauty pic.twitter.com/x7YHLzEON9
— Coby (@Cobylefko) November 4, 2024
Brooklyn Heights is really nice. It was not that nice 35 years ago pre gentrification though.
But really this is sort of a microcosm of why the entire country is at odds in one tweet.
Brooklyn Heights is .32 sq miles with 78,000 per sq mile.
Dallas is 385 sq miles and about 3,800 people per.
As it turns out most Americans don't want to live at 78,000 people per sq mile…and most New Yorkers wouldn't if they had an option.
The top 12 cities in this country in population density are in the NY/NJ metro. When your large publications come from those areas they think that's "normal" or "how it should be" without recognizing that there's really no place else in the U.S. like NYC. Chicago might be kind of sort of close but even that's a poor comp because there's no land lock on 3 of the sides (which is where growth occurred, out and away from the city).
The average rent in BH is $4,300/mo and the average apartment is just over 600 sq ft. A 2BD will set you back just shy of $6,000/mo. That's the mortgage payment on an $800,000 home at least and depending on interest and taxes closer to $1,000,000. Have a couple kids? The average 3BD will run over $10,000/mo.
There are 0 free standing homes in BH and the average price right now for any home (that's a non apartment, non condo) is $9,739,000.
But really this is sort of a microcosm of why the entire country is at odds in one tweet.
Brooklyn Heights is .32 sq miles with 78,000 per sq mile.
Dallas is 385 sq miles and about 3,800 people per.
As it turns out most Americans don't want to live at 78,000 people per sq mile…and most New Yorkers wouldn't if they had an option.
The top 12 cities in this country in population density are in the NY/NJ metro. When your large publications come from those areas they think that's "normal" or "how it should be" without recognizing that there's really no place else in the U.S. like NYC. Chicago might be kind of sort of close but even that's a poor comp because there's no land lock on 3 of the sides (which is where growth occurred, out and away from the city).
The average rent in BH is $4,300/mo and the average apartment is just over 600 sq ft. A 2BD will set you back just shy of $6,000/mo. That's the mortgage payment on an $800,000 home at least and depending on interest and taxes closer to $1,000,000. Have a couple kids? The average 3BD will run over $10,000/mo.
There are 0 free standing homes in BH and the average price right now for any home (that's a non apartment, non condo) is $9,739,000.
"Homeownership is unaffordable for the middle class," per Bankrate.
— unusual_whales (@unusual_whales) November 25, 2024
why would I be an outlier on this topic if I expect my kids to live within their budget?Oldbear83 said:
JR, you have made very clear that you are an outlier in essentially every respect.
Property taxes in Texas.
— AKM (@akm515) December 22, 2024
$14,000 on a 3500 sq ft house.
The economics of home ownership just doesn't make sense anymore for 90% of home buyers.
Don't buy that lie. That's someone pushing for a state income tax. You will pay the income tax AND the property tax and the sum will be greater than just the property tax.
New home sales stagnate in DFW, prices fall https://t.co/a1ufPvCY2S
— WFAA (@wfaa) December 24, 2024
Redbrickbear said:Brooklyn Heights (arguably the best suburb in North America) an excellent model in how to build places for all ages, household types, and stages of life, without compromising on beauty pic.twitter.com/x7YHLzEON9
— Coby (@Cobylefko) November 4, 2024
What a ****hole. Who would want to live there? Lmao
The growing instability in the U.S. homeowners insurance markets could lead to a housing crash worse than the 2008 one unless policymakers act fast, the Senate Budget Committee has said.
— unusual_whales (@unusual_whales) December 26, 2024
The e National Association of Realtors found that the median age of first-time homebuyers hit 38 in 2024, a record high.
— unusual_whales (@unusual_whales) December 25, 2024
In 1981, the median age of a first-time buyer was 29; in 2014, it was 31.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
Love BHs. would live there in a heartbeat.Fre3dombear said:Redbrickbear said:Brooklyn Heights (arguably the best suburb in North America) an excellent model in how to build places for all ages, household types, and stages of life, without compromising on beauty pic.twitter.com/x7YHLzEON9
— Coby (@Cobylefko) November 4, 2024
What a ****hole. Who would want to live there? Lmao
boognish_bear said:The e National Association of Realtors found that the median age of first-time homebuyers hit 38 in 2024, a record high.
— unusual_whales (@unusual_whales) December 25, 2024
In 1981, the median age of a first-time buyer was 29; in 2014, it was 31.
Almost 40 years old before the average American even gets on the housing ladder
wow
Love BHs. would live there in a heartbeat.Fre3dombear said:Redbrickbear said:Brooklyn Heights (arguably the best suburb in North America) an excellent model in how to build places for all ages, household types, and stages of life, without compromising on beauty pic.twitter.com/x7YHLzEON9
— Coby (@Cobylefko) November 4, 2024
What a ****hole. Who would want to live there? Lmao
Love BHs. would live there in a heartbeat.Fre3dombear said:Redbrickbear said:Brooklyn Heights (arguably the best suburb in North America) an excellent model in how to build places for all ages, household types, and stages of life, without compromising on beauty pic.twitter.com/x7YHLzEON9
— Coby (@Cobylefko) November 4, 2024
What a ****hole. Who would want to live there? Lmao
sorry for the dupes. Seem to be a system issue.
I bought my first house in 1989 at age 25 just after the Berlin Wall fell. It cost $82,500 on a 20 year note at 6.85% interest. I sold it in March 1996 and walked away with $40,000 in equity which I put into my current home which cost $132,500 which I bought on a 15 year note. My monthly payment including interest, taxes and insurance was $1,100 a month. It now is appraised at $410,000 and long since paid off. Real estate in Texas used to be relatively cheap but not anymore. Also while paying it off I could itemize the taxes and insurance however I suspect that most buyers now can't claim that since the standard deduction is so much higher now. I guess the only good thing is that the house's value is way more that what the CPI calculator states normal inflation has averaged over that span.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
Every time I visit Texas, a new swath of the Hill Country (one of the most subtly beautiful landscapes on earth) has been turned into this pic.twitter.com/FyQ60iGwIC
— @ratlimit (@ratlimit) December 30, 2024
I agree. The Hill Country around ATX is hell. I used to have a lakehouse at Horseshoe Bay and the drive from ATX on 71 is just sad. ATX has lived its usefulness IMO.Redbrickbear said:Every time I visit Texas, a new swath of the Hill Country (one of the most subtly beautiful landscapes on earth) has been turned into this pic.twitter.com/FyQ60iGwIC
— @ratlimit (@ratlimit) December 30, 2024
J.R. said:I agree. The Hill Country around ATX is hell. I used to have a lakehouse at Horseshoe Bay and the drive from ATX on 71 is just sad. ATX has lived its usefulness IMO.Redbrickbear said:Every time I visit Texas, a new swath of the Hill Country (one of the most subtly beautiful landscapes on earth) has been turned into this pic.twitter.com/FyQ60iGwIC
— @ratlimit (@ratlimit) December 30, 2024
Just sad that we have never had the ability to built more efficient/amazing buildings and have great looking areas…..and this is what we choose to build
Sad
To me it was all ruined 20 years ago when the old backyard in Bee Caves turned into a shopping center. That was such a treasure and when it changed it signaled the beginning of the end. Its only a matter of time until the entire hill country is a metroplex like DFW and that is sad.Redbrickbear said:J.R. said:I agree. The Hill Country around ATX is hell. I used to have a lakehouse at Horseshoe Bay and the drive from ATX on 71 is just sad. ATX has lived its usefulness IMO.Redbrickbear said:Every time I visit Texas, a new swath of the Hill Country (one of the most subtly beautiful landscapes on earth) has been turned into this pic.twitter.com/FyQ60iGwIC
— @ratlimit (@ratlimit) December 30, 2024
Just sad that we have never had the ability to built more efficient/amazing buildings and have great looking areas…..and this is what we choose to build
Sad
Redbrickbear said:Every time I visit Texas, a new swath of the Hill Country (one of the most subtly beautiful landscapes on earth) has been turned into this pic.twitter.com/FyQ60iGwIC
— @ratlimit (@ratlimit) December 30, 2024
I am curious as to where this photo was taken? It does not look very hilly to me, instead it's pretty flat. I'm also unaware that there were Buc-ee's in the Hill Country.
Also, I understand the criticism of urban blight, a real issue, but it's a sign of the population growth if the area. I suspect that the people in that vicinity might be happy with the economic opportunities and conveniences such shopping areas provide.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
I am not sure, but this looks like New Braunfels. New Braunfels is at the foot of the Hill Country.
"Never underestimate Joe's ability to **** things up!"
-- Barack Obama
-- Barack Obama
It already is.muddybrazos said:To me it was all ruined 20 years ago when the old backyard in Bee Caves turned into a shopping center. That was such a treasure and when it changed it signaled the beginning of the end. Its only a matter of time until the entire hill country is a metroplex like DFW and that is sad.Redbrickbear said:J.R. said:I agree. The Hill Country around ATX is hell. I used to have a lakehouse at Horseshoe Bay and the drive from ATX on 71 is just sad. ATX has lived its usefulness IMO.Redbrickbear said:Every time I visit Texas, a new swath of the Hill Country (one of the most subtly beautiful landscapes on earth) has been turned into this pic.twitter.com/FyQ60iGwIC
— @ratlimit (@ratlimit) December 30, 2024
Just sad that we have never had the ability to built more efficient/amazing buildings and have great looking areas…..and this is what we choose to build
Sad
I thought maybe but it didn't look familiar. And I live in New Braunfels now!
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
Large portions of the Hill Country are undeveloped or only developed minimally.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
Yes, IH35 N access up from the FM306 intersection, looking to the SSE.historian said:
I thought maybe but it didn't look familiar. And I live in New Braunfels now!
I'm going to guess the #1 reason for this is the price being high. If home prices were lower younger people could afford them better.
ScottS said:
I'm going to guess the #1 reason for this is the price being high. If home prices were lower younger people could afford them better.
Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income. Here's how bad housing affordability is now https://t.co/tsrcE5d5tt
— Darrell B. Harrison (@D_B_Harrison) June 25, 2024
Housing is becoming unattainable and it's only getting worse.
— Ndamukong Suh (@NdamukongSuh) September 24, 2021
National Increase Since 1960 -
🏠 Home Price: 121%
🏙️ Rent: 72%
💰Income: 29% pic.twitter.com/x1rASmE07f
That income number is way off. Do you know how he gets there?Redbrickbear said:ScottS said:
I'm going to guess the #1 reason for this is the price being high. If home prices were lower younger people could afford them better.Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income. Here's how bad housing affordability is now https://t.co/tsrcE5d5tt
— Darrell B. Harrison (@D_B_Harrison) June 25, 2024Housing is becoming unattainable and it's only getting worse.
— Ndamukong Suh (@NdamukongSuh) September 24, 2021
National Increase Since 1960 -
🏠 Home Price: 121%
🏙️ Rent: 72%
💰Income: 29% pic.twitter.com/x1rASmE07f
If only Kamala would have won and stopped this price gouging.
The fascists want everyone to live in large cities where they can be more easily controlled and where they can be bullied, bribed, terrorized, propagandized, and cajoled into voting for them every time.
Does anyone want to ride on a NYC subway any time soon? Does anyone want to live in a place like NYC where criminal activity is commonplace?
Does anyone want to ride on a NYC subway any time soon? Does anyone want to live in a place like NYC where criminal activity is commonplace?