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

Grnjp92 said:
That said, it's your money and helping your kids with a hand up is good. I too hope to help mine with the necessary financial help to make her successful.
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Yeah, I don't have a problem with it at all. Just pointing out it's an intellectually dishonest argument or comparison to make when you leave that out. I don't think people do it intentionally either.

I had the same conversation with my boss fairly recently when he was talking about how his youngest daughter was able to buy a house. Well yeah, she lived with you through college and the start of her career without having to pay rent, utilities, food, or for her car and then you gave her $50k to help with a down payment. And even then she could only afford a small starter home in a shitty area that's a 90 minute drive from where our office is.

Our situations aren't exactly the same. He didn't leave that stuff out of the conversation intentionally, he just didn't think to factor all that in. And that's the boomer generation in a nutshell, they make really basic comparisons without examining any of the nuance then judge you for not reaching the same conclusion.

zlathim said:
Fair enough, but what about when you compare said kid with another kid who also didn't have to pay for rent and food, but pissed away all of his spending money instead of being forward thinking and saving for his future?
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Obviously that's a totally different situation. If the other kid is pissing away the opportunity that's entirely on him.
 
JD Mark said:
So you turned out exactly the way your parents taught you? Never disregarded their instruction?
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If they were subsidizing my existence and I was pissing it away, and they continued to allow that to happen by funding it, then yes that's bad parenting. My parents are doing exactly that right now with my little sis, and I tell them that whenever I see them.
 
Slander said:
If they were subsidizing my existence and I was pissing it away, and they continued to allow that to happen by funding it, then yes that's bad parenting. My parents are doing exactly that right now with my little sis, and I tell them that whenever I see them.
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OK, from that aspect, yes.
 
Motorcharge said:
Yeah, I don't have a problem with it at all. Just pointing out it's an intellectually dishonest argument or comparison to make when you leave that out. I don't think people do it intentionally either.

I had the same conversation with my boss fairly recently when he was talking about how his youngest daughter was able to buy a house. Well yeah, she lived with you through college and the start of her career without having to pay rent, utilities, food, or for her car and then you gave her $50k to help with a down payment. And even then she could only afford a small starter home in a shitty area that's a 90 minute drive from where our office is.

Our situations aren't exactly the same. He didn't leave that stuff out of the conversation intentionally, he just didn't think to factor all that in. And that's the boomer generation in a nutshell, they make really basic comparisons without examining any of the nuance then judge you for not reaching the same conclusion.


Obviously that's a totally different situation. If the other kid is pissing away the opportunity that's entirely on him.
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I'm in agreement with your statement, however I'd argue the dishonest part. I would guess he grew up in a way that this was a normal progression into adulthood.
 
dntsdad said:
So there is no issues with housing costs?

Its all that everyone is just lazy?

In 1986, my mom and stepdad bought a house in a good neighborhood with great schools. He drove a cement mixer and she worked in a small equipment rental place doing the books.

2 adults and 3 kids in the house. They owned the house, we took vacations. My stepdad drove a square body 4x4 Chevy that was pretty nice for 80s standards. Mom drove a 79 CJ5. We were not rich but I don't remember eating dirt for dinner.

That could have today? Not a chance.
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bull shit, lots of folks out there doing it. my sister bought a house in 1981 with a 12% mortgage. it was a 2 bedroom one bath and she drove a new celica. she was frugal and was 1 year out of college. how many poeple woud even looked at a 1000 sqft house 40 years old now a days? i have guys i work with making 100k plus a year and whine like bitches about housing. they spend it like morons. i have my 3 kids making bank and none of them have a house. they make their choices on what the want and they are fine with it. as long as they stay out of my pocket i don't care.
i have another buddy that builds the metal buildings, both of his sons are in new houses and his nephew. all under 25 but he did use his contacts to help them. but thats what parents do.
 
Not sure if it's been said yet, but the housing market would be fixed overnight if any home that isn't being used as a primary residence of the owners is taxed 5000% on both initial purchase and yearly property tax.

AirB&B/STRs= outlawed.
Chinese ownership=outlawed
Single family residences owned by businesses=outlawed
"Investment" properties= outlawed.

It's a remarkably easy fix. No one needs two homes. If you want a second home, prepare to pay Uncle Sam handsomely.

I doubt I'd be able to buy my own home at its current worth with current interest rates, assuming turned back the clock and was buying my first home. It's wild. So many people I know are paying more than my mortgage in rent. Every dollar I pay in mortgage is going from one pocket to my other pocket, whereas rent is flushed down the toilet. Which makes me even more enraged whenever I pass by the rentals in my neighborhood, filled with obnoxious out of towners. Single family homes used as hotels is incongruent with the nature of a neighborhood. One, easy fix to this and an untold amount of society ills would be solved.

Oh well.
 
Ummduh said:
We very much need to stop telling people to leave the cities. They're right where they belong.
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I think it's only in the last 10 years that cities housed more of the population then rural?
 
Some of my techs here are making a little over $80k/year. They're younger dudes starting out in their career, but none of them can afford a house within an hour's drive of here and have to rent.

We've also got some younger software engineers who are making 6 figures and a few of them commute about 45 minutes to an hour each way because they can't afford housing any closer.

I'm lucky in that I bought my house in 2009 while a lot of those dudes were still going to school. It's nothing fancy(1,600 sq ft with a detached garage and a small yard), but it would be tough to afford it now.

Yay California housing prices.
 
Bonanza said:
Not sure if it's been said yet, but the housing market would be fixed overnight if any home that isn't being used as a primary residence of the owners is taxed 5000% on both initial purchase and yearly property tax.

AirB&B/STRs= outlawed.
Chinese ownership=outlawed
Single family residences owned by businesses=outlawed
"Investment" properties= outlawed.

It's a remarkably easy fix. No one needs two homes. If you want a second home, prepare to pay Uncle Sam handsomely.
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Cool, you just single handedly destroyed the rental market overnight.
 
Motorcharge said:
I'm not saying any particular person is being dishonest intentionally. It's just not an apples to apples comparison.
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Agreed, My parents were separated when I was 13 So it was more the other way I was living at home and paying bills rather than rent. It took me into my 30's before I was able to buy a house, I did move out and rent houses with guys from work until I got fed up. I'm guessing my son would be 30 or more had he not had living expense subsidies.
 
gunracer1 said:
lots of housing available to people that are willing to work for it. hell i have watched a few places around my neighbor hood go for 200k plus to illegals. i bought my first house for 30k, owner financed piece of crap that i tore out to the bare walls and redid. i was making 13 dollars an hour. i bought something i knew i could afford if i lost my good job. my coworkers were spending 100k buying nice places with thirty year notes. i payed mine off in 7 years and bought another house and rented the other out.
i see nice houses for 350k here in dfw and now 40 plus and hour is pretty normal. seems like it is about the same piece of the pie here in Texas.
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You captured my interest at 40 plus an hour.
 
Bonanza said:
Not sure if it's been said yet, but the housing market would be fixed overnight if any home that isn't being used as a primary residence of the owners is taxed 5000% on both initial purchase and yearly property tax.

AirB&B/STRs= outlawed.
Chinese ownership=outlawed
Single family residences owned by businesses=outlawed
"Investment" properties= outlawed.

It's a remarkably easy fix. No one needs two homes. If you want a second home, prepare to pay Uncle Sam handsomely.

I doubt I'd be able to buy my own home at its current worth with current interest rates, assuming turned back the clock and was buying my first home. It's wild. So many people I know are paying more than my mortgage in rent. Every dollar I pay in mortgage is going from one pocket to my other pocket, whereas rent is flushed down the toilet. Which makes me even more enraged whenever I pass by the rentals in my neighborhood, filled with obnoxious out of towners. Single family homes used as hotels is incongruent with the nature of a neighborhood. One, easy fix to this and an untold amount of society ills would be solved.

Oh well.
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History has shown that centrally planned economies have worked well
 
Grnjp92 said:
I think it's only in the last 10 years that cities housed more of the population then rural?
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If you just go by "census designated urban areas" like all the piece of shit lefties who deserve bullets do I'm pretty sure that it was early 1920s.
 
Sandy Johnson said:
Some of my techs here are making a little over $80k/year. They're younger dudes starting out in their career, but none of them can afford a house within an hour's drive of here and have to rent.

We've also got some younger software engineers who are making 6 figures and a few of them commute about 45 minutes to an hour each way because they can't afford housing any closer.

I'm lucky in that I bought my house in 2009 while a lot of those dudes were still going to school. It's nothing fancy(1,600 sq ft with a detached garage and a small yard), but it would be tough to afford it now.

Yay California housing prices.
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So making double in Commifornia isn't actually making double the money. :eek:
80k salary here would allow you to buy a 3B-3BR on an acre.

You shouldn't leave the state. They need your money!!!!
 
Bonanza said:
Not sure if it's been said yet, but the housing market would be fixed overnight if any home that isn't being used as a primary residence of the owners is taxed 5000% on both initial purchase and yearly property tax.

AirB&B/STRs= outlawed.
Chinese ownership=outlawed
Single family residences owned by businesses=outlawed
"Investment" properties= outlawed.

It's a remarkably easy fix. No one needs two homes. If you want a second home, prepare to pay Uncle Sam handsomely.
Click to expand...

C'mon man...go full commie.

Why not just have the .gov "give" us our homes...and we can be happy with what they give us.

And a universal income while we're at it.
 
bad zuki said:
So making double in Commifornia isn't actually making double the money. :eek:
80k salary here would allow you to buy a 3B-3BR on an acre.

You shouldn't leave the state. They need your money!!!!
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Yes, that is true. Wages are higher in California because people need it to afford to live here.

Also why lots of retired California boomers are selling their million+ dollar unremarkable homes they bought for $150k in the early 80s and moving to another state.

I won't leave California. Love it too much. Read into that however you see fit.
 
Sandy Johnson said:
Yes, that is true. Wages are higher in California because people need it to afford to live here.

Also why lots of retired California boomers are selling their million+ dollar unremarkable homes they bought for $150k in the early 80s and moving to another state.

I won't leave California. Love it too much. Read into that however you see fit.
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Insanity?
 
Sandy Johnson said:
Yes, that is true. Wages are higher in California because people need it to afford to live here.

Also why lots of retired California boomers are selling their million+ dollar unremarkable homes they bought for $150k in the early 80s and moving to another state.

I won't leave California. Love it too much. Read into that however you see fit.
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Chicken and egg. The cost of living in Cali didnt start that way, and it didnt happen overnight. Salaries and living costs tend to chase each other upward, simple economics. That is sped up by there being something that people really want. Cali salaries are high because the people have been voting for bullshit social programs and electing socialists for 40 years. Just fukkin RUINED that beautiful place.

And we all encourage you to stay in Cali.:flipoff2:
 
JD Mark said:
C'mon man...go full commie.

Why not just have the .gov "give" us our homes...and we can be happy with what they give us.

And a universal income while we're at it.
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You know, it's almost like every single problem we're discussing here is a direct result of government trying to manage the economy. Weird. :laughing:
 
So another tangent.

US family culture.

We have been brainwashed to move out, and start your own household.

Other cultures have the entire family together as a family unit. Even married, they stick together, take care of their parents in one household.
My Pakistani friend .. they have a nice house, but it's him, his brother (with wife & kid), his mom, and who knows who else living in a single family home in a nice area.

I have felt that in the US we are influences that way in an effort to sell silverware and towels. You can't get rich selling couches, when you live in a single household, but you convince everyone that they need to break away from the family at 18, you get to sell the new renter, silverware, and towels, and couches, that they would never buy if they stayed as a more intact family unit.

(that being said, I don't want to live with my parents OR my adult kid, but I'm an American and behave as such).

But we also have a boatload of lonely people, living in places, by themselves with varying levels of fucked up mental health
 
Motorcharge said:
Because it's relevant when you're making the argument that if your son can do it, anyone can. The monthly payment isn't the hard part of buying a house for most people, it's saving 20% for the down payment when that 20% is what a fucking house used to cost. It's a completely dishonest argument when the kid you're comparing to others didn't have to save that 20% on top of having to pay full rent, utilities, and food.
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not really... it's all about choices.

it's just as dishonest to say "it can't be done" while simultaniusly refusing to make different choices.
 
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