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State of housing costs in the US. Where does it end?

Sandy Johnson said:
Another larger portion goes to my kid's school just down the street. It doesn't suck. If no taxes existed, I would most likely opt to give money to both of those organizations anyway.
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whether it goes to the school just down the road or the other side of town is dependent on the state. Some have a “robin hood” system.

And 7500 a year, FOREVER for a guy with 1 kid, who graduated years ago & whose experience wasn’t that great, is fucking tyrannical.

And I don’t give a fuck if you’re happy to pay.
 
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[486] said:
therefore coercive funding only benefits those institutions which cannot stand on their own demand/merit
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That's if you believe that people are altruistic in nature and able perceive long term benefits of certain institutions.

Example: why should I pay for institutions that will educate future humans when I will be dead when that investment finally comes to fruition?
 
grumpy356 said:
whether it goes to the school just down the road or the other side of town is dependent on the state. Some have a “robin hood” system.
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There's two schools the district the money is going toward: the elementary school and the middle school all the elementary school kids go to afterwards, so I know where that one is going. The high school tax is another matter entirely.
 
rockota said:
No… these are the same. Prices have not doubled, the value of the dollar has been 1/2’d….

This is also why we have $100k trucks, $1200 phones, $15k beds, etc


Edit: yes, demand is up. And they are only making so much land
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And don't forget people aren't building 1700 to 2000sqft rectangles anymore. Now everyone wants a 2500 to 3500sqft mini mansion with 10 different break lines on the roof.
 
Sandy Johnson said:
Something about planting a tree even though you wont live to enjoy the shade.
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Is it not very telling that your example here is voluntary action, while what you were advocating for earlier was coerced action?

Being forced to invest in someone else's future is worlds apart from voluntarily investing in someone else's future.
 
[486] said:
Is it not very telling that your example here is voluntary action, while what you were advocating for earlier was coerced action?

Being forced to invest in someone else's future is worlds apart from voluntarily investing in someone else's future.
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I never advocated for the coerced action, only saying that even worthy institutions also wouldn't get funded because not everything aligns with personal investment when people are only looking out for themselves.

Not advocating for government mandated taxes. More of a statement that people are no damn good.
 
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My kids are reaching the age where they're thinking about buying homes, and it’s tough to watch. One of them did manage to buy a place, but it was way above what I’d be comfortable with. It feels like prices just keep climbing while wages stay stagnant.My other son has a decent job, but I can’t see how he’d ever save for a down payment with rent hitting $2,000 a month. I know families struggling, spending over half their income just to keep a roof over their heads.Then you’ve got these big investors swooping in with cash offers, pushing prices even higher. It's hard for young folks to break into the market without help from family. I recently heard about Alba Residences Dubai, and it struck me how there are options out there that might not be on everyone’s radar. They offer some unique opportunities for those looking to invest.
 
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AriGreer said:
My kids are reaching the age where they're thinking about buying homes, and it’s tough to watch. One of them did manage to buy a place, but it was way above what I’d be comfortable with. It feels like prices just keep climbing while wages stay stagnant.

My other son has a decent job, but I can’t see how he’d ever save for a down payment with rent hitting $2,000 a month. I know families struggling, spending over half their income just to keep a roof over their heads.
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2k a month rent is ghetto around me.
 
AriGreer said:
My kids are reaching the age where they're thinking about buying homes, and it’s tough to watch. One of them did manage to buy a place, but it was way above what I’d be comfortable with. It feels like prices just keep climbing while wages stay stagnant.

My other son has a decent job, but I can’t see how he’d ever save for a down payment with rent hitting $2,000 a month. I know families struggling, spending over half their income just to keep a roof over their heads.
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Generational family homes used to be the norm, here in NM you can see where they added additions
 
bigun said:
Generational family homes used to be the norm, here in NM you can see where they added additions
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and likely will be again.

CA's Prop 13 makes that much more possible as well.
 
AriGreer said:
My kids are reaching the age where they're thinking about buying homes, and it’s tough to watch. One of them did manage to buy a place, but it was way above what I’d be comfortable with. It feels like prices just keep climbing while wages stay stagnant.

My other son has a decent job, but I can’t see how he’d ever save for a down payment with rent hitting $2,000 a month. I know families struggling, spending over half their income just to keep a roof over their heads.
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Halt right there.

Have you paid the toll?
 
Back in the 70's when I was dirt poor. I struggled to buy my first home for 32K; little two bedroom cabin on a 1 acre lot. I think rents were around $300 for a one bedroom apartment. I was in the Navy at the time; know damm well I didn't make more the 20K a year! Also worked part time for a computer field service company. That part time job saved my bacon for first home.

Housing market exploded soon after; sold the cabin for $90K and moved up. Repeted this scenario several times with a few spec-houses and properties along the way.

Both of my kids have done really well. Never needed any help from dad. They watched me work two jobs, fix and build stuff that we needed.
It's nice to sit back and watch my kids do stuff on their own.. :beer::smokin::beer::smokin:
 
Kyle said:
2k a month rent is ghetto around me.
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No kidding? We just ended a lease in Boise earlier this year. Boise has experienced massive rental increases in recent years (even starting prior to Covid). We rented a 2,500sf 4/3 house with a 3 car garage in a nice HOA subdivision. We were there for 4 years and our rent increased every year. When our final lease ended we were paying $2,200 per month, which I think is insane.

What would something like that fetch where you're located?
 
zlathim said:
No kidding? We just ended a lease in Boise earlier this year. Boise has experienced massive rental increases in recent years (even starting prior to Covid). We rented a 2,500sf 4/3 house with a 3 car garage in a nice HOA subdivision. We were there for 4 years and our rent increased every year. When our final lease ended we were paying $2,200 per month, which I think is insane.

What would something like that fetch where you're located?
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$2600-3200+ with emphasis on the + here
 
Hell, here in western NC there's one bedroom apartments renting for $1500. This is a town where $100k houses were something to see when I was growing up and I'm only 42. Shit changed FAST.
 
east_beast said:
Hell, here in western NC there's one bedroom apartments renting for $1500. This is a town where $100k houses were something to see when I was growing up and I'm only 42. Shit changed FAST.
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My dad bought his house in 77 or 78 for about 30k iirc. Up till about 10 years ago it was never worth more than 75k. 30 years and barely doubled.

All of sudden, the houses in his neighborhood are going for low 200's. I'm talking reasonable homes (built from the late 20's up through the 60's), but in one of the worst zip codes in Milwaukee.
 
40+ years ago my Sicilian Grandmother told us how Mousolini (sp) was a good man prior to make Hitlers acquaintance...
Please can we learn from history????:stirthepot:
 
Clb said:
40+ years ago my Sicilian Grandmother told us how Mousolini (sp) was a good man prior to make Hitlers acquaintance...
Please can we learn from history????:stirthepot:
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In the context of the 20th century, Mussolini was far from being the worst. Had he stayed away from Hitler, his would have been one of many unremarkable authoritarian regimes so in vogue in Europe at the time.

One could also make the case that the average German in the 1930s was a heck of a lot freer than the average Soviet at the time. There are cases where the nazis grudgingly changed policy based on public outrage (euthanasia), when in contemporary USSR those involved would have simply disappeared in the middle of the night.
 
AriGreer said:
My kids are reaching the age where they're thinking about buying homes, and it’s tough to watch. One of them did manage to buy a place, but it was way above what I’d be comfortable with. It feels like prices just keep climbing while wages stay stagnant.

My other son has a decent job, but I can’t see how he’d ever save for a down payment with rent hitting $2,000 a month. I know families struggling, spending over half their income just to keep a roof over their heads.
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Man, sounds like the mirror image of my kids.

One bought a nice place about 2 years ago for about 100k more than I was thinking it was until he told me the cost. He makes good money and is smart with it so he is managing fine.

The other also makes good money but I can't see how he ever saves for a down payment. He just signed a year lease on a place. Helped him move in last weekend. $2100 month. 2bd, 1ba newly remodeled. About half his take home pay.

It's frustrating to watch for him. Kid worked his ass off and still does. MUCH harder than me with no payoff in sight as far as owning a home goes. It pisses me off.
 
Fukkin demacommies :flipoff:
My grandsons payin , $2700/mo for a small ,new apartment building here...
94558:shaking:
 
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