Current Events > 23 yr single mom in 1988 with no education could buy a house

(+) Yeah! (+)

Jiek_Fafn posted...

It highlights a much bigger monster imo.

The problem, reduced to a crappy one-liner; is that we've stopped building not-mcmansion houses in fancy subdivisions that used to be cows, and everyone pitches a fit at the very thought of a multi-unit building going up anywhere in the 'burbs that already exist.

So TC is saying houses cost more than they did 35 years ago AND they appreciate in value?

Does...does the general public know this?!

Questionmarktarius posted...

This seems important.

Average house in the 70s:
https://gamefaqs.gamespot.com/a/user_image/0/2/5/AAEhCpAAC6h5.jpg

Average house nowadays:
https://gamefaqs.gamespot.com/a/user_image/0/2/6/AAEhCpAAC6h6.jpg

There is more to this country then Texas exurbs

PoundGarden posted...

So TC is saying houses cost more than they did 35 years ago AND they appreciate in value?

Does...does the general public know this?!

Poundgarden ladies and gentleman

Butterfiles posted...

There is more to this country then Texas exurbs

Shhh, don't ruin TC's cherry picking sob fest

WingsOfGood posted...

Why is your worth only $100,000?

That's not bad for age 33. Once the bull market resumes, I'll start climbing exponentially.

WingsOfGood posted...

Poundgarden ladies and gentleman

Yup. As usual you have nothing for a valid rebuttal. Keep whining and cherry picking anecdotal evidence from strangers blog postings, really makes your position credible. You totally seem like you fully understand the basics of real estate

Pepys Monster posted...

That's not bad for age 33. Once the bull market resumes, I'll start climbing exponentially.

Do you own a house?

PoundGarden posted...

Yup. As usual you have nothing for a valid rebuttal. Keep whining and cherry picking anecdotal evidence from strangers blog postings, really makes your position credible

And there he goes again.

WingsOfGood posted...

Do you own a house?

Not paid off, but yes.

WingsOfGood posted...

And there he goes again.

At least I understand how real estate and things in general work.

Next you'll be telling us cars cost more than they did 35 years ago. That would be nuts

Pepys Monster posted...

Not paid off, but yes.

Good. You are a step above others. I am similar to you.

But we must realize we are the exception.

Also, crypto before a house is not necessarily good advice.

And as long as we're throwing around anecdotal evidence, my single mom friend bought a $130k townhouse. At 22. No education, she managed a cell phone kiosk.

But do go on about how uneducated 23 yr old single moms should be able to buy $1m homes or wtfever your weird gripe is. Affordable housing is available despite your denial of that fact

PoundGarden posted...

At least I understand how real estate and things in general work.

Next you'll be telling us cars cost more than they did 35 years ago. That would be nuts

Thanks for bumping my thread but you might try reading others posts before making a fool of yourself.

A mortgage is still less than the cost of renting.

PoundGarden posted...

And as long as we're throwing around anecdotal evidence, my single mom friend bought a $130k townhouse. At 22. No education, she managed a cell phone kiosk.

But do go on about how uneducated 23 yr old single moms should be able to buy $1m homes or wtfever your weird gripe is. Affordable housing is available despite your denial of that fact

So she paid double what the mom in 1988 did for a lesser house?

What point are you trying to make with that?

Questionmarktarius posted...

This seems important.

Average house in the 70s:
https://gamefaqs.gamespot.com/a/user_image/0/2/5/AAEhCpAAC6h5.jpg

Average house nowadays:
https://gamefaqs.gamespot.com/a/user_image/0/2/6/AAEhCpAAC6h6.jpg

have you ever heard of zillow?

Guide posted...

have you ever heard of zillow?

Its so weird how they have to actively disingenuous just to prove a point.and for what? Why are they against livable wages?

WingsOfGood posted...

So she paid double what the mom in 1988 did for a lesser house?

What point are you trying to make with that?

Stay with me: things cost more than they did 35 years ago?! I'm shocked! Shocked I tell you!

How are you not getting this? Maybe if you didn't use "this single mom in her 20's can't buy a $1m home!!!" as the basis of your outrage you wouldn't look so fucking goofy. And you own a house right? idk how tf you don't understand how real estate works LMAO.

Here's another mindblower for you: it's almost as if design preferences have changed, cost of materials have gone up, and modern houses have more ammenities and features. And it's almost as if the avg sq footage of a family home has doubled since last century. Crazy! How absurd to not charge the same as they did 35 years ago! But don't let that stop your weird obsession with comparing apples to Volvos.

VipaGTS posted...

Its so weird how they have to actively disingenuous just to prove a point.and for what? Why are they against livable wages?

I'm not against livable wages. I'm against this ridiculous notion that you have to be in your 30s or 40s and making six figures to even think about buying a house. It's bullshit. I don't think a 23 yr old single mother not being able to afford a $1m home is some massive societal failing or a problem that needs solving.

Whyd you say one million? I doubt a 23 year old single mother could afford even a $150k home on an average salary like that. The issue here is for the same work, Americans are making the same in 2022 as they did in 1980.

PoundGarden posted...

Stay with me: things cost more than they did 35 years ago?! I'm shocked! Shocked I tell you!

How are you not getting this? Maybe if you didn't use "this single mom in her 20's can't buy a $1m home!!!" as the basis of your outrage you wouldn't look so fucking goofy. And you own a house right? idk how tf you don't understand how real estate works LMAO.

Here's another mindblower for you: it's almost as if design preferences have changed, cost of materials have gone up, and modern houses have more ammenities and features. And it's almost as if the avg sq footage of a family home has doubled since last century. Crazy! How absurd to not charge the same as they did 35 years ago! But don't let that stop your weird obsession with comparing apples to Volvos.

Actually, older homes are often times much better.

And you are the one who is missing the point. Try reading the thread instead of rushing to post your dogpoop worth of an attempt.

VipaGTS posted...

Whyd you say one million? I doubt a 23 year old single mother could afford even a $150k home on an average salary like that. The issue here is for the same work, Americans are making the same in 2022 as they did in 1980.

Exactly.
He is a dishonest poster.

That is why he explains his friend who is a single mother could do the same thing as the op he claims except that.... she didn't buy a house like in the OP but a..... townhome. And paid double the price.

Not the same thing.

Guide posted...

have you ever heard of zillow?

When was the last time you've seen a new house being built that wasn't a gigantic mcmansion?

There is no middle ground between "5 bed, 4 bath, pool" and "double-wide" anymore.

Questionmarktarius posted...

When was the last time you've seen a new house being built that wasn't a gigantic mcmansion?

Again, if you have to keep lying to defend your point, then what exactly are you doing? Stop deluding yourself.

Questionmarktarius posted...

When was the last time you've seen a new house being built that wasn't a gigantic mcmansion?

There is no middle ground between "5 bed, 4 bath, pool" and "double-wide" anymore.

When I was house hunting I found a tiny house that was built a few years ago that was pretty cheap.

It was much smaller than what I ended up getting. Also, tiny houses are a trend.

https://gamefaqs.gamespot.com/a/user_image/0/8/4/AAEhCpAAC6i0.jpg

VipaGTS posted...

Whyd you say one million? I doubt a 23 year old single mother could afford even a $150k home on an average salary like that. The issue here is for the same work, Americans are making the same in 2022 as they did in 1980.

OP used a $950k house as an example, I rounded up. I won't disagree that wages have not moved directly proportional to inflation, no argument there. I'm focusing on TC's ridiculous examples for his near daily whining about the housing market and his defeatist attitude that it's impossible to buy a home when what he should be saying if he's being truthful is "it is impossible for a ~20 yr old to buy a nice home in a safe area of a major city with no education and an entry level job".

That would get no argument from me lol even though that's basically what his sniveling amounts to

WingsOfGood posted...

Actually, older homes are often times much better.

Read, that's not what I said. Older homes are often sturdier, yes, but if you'd actully been able to comprehend what you read you'd see I clearly said more amenities/features, avg home is now larger, and higher cost of materials. Safety regulations and codes alone make an avg modern house much more expensive to build than one that was built last century.

You really don't know fuck all about houses at all, do you?

WingsOfGood posted...

Exactly.
He is a dishonest poster.

He shitposted without a shred of self awareness

The median home price in the US is like $375k. Hardly $900k.

Poundgarden actually thinks I am arguing that million dollar house should be purchasable by a 23 year old single mother?
How dishonest of a poster is he really?

WOW

Also, that million dollar home is the older home LMAO

The median price of homes in 1988 adjusted for inflation is around $210k. So yes prices of homes have nearly doubled since then. But not 11 times more. The OP depends entirely on the market. If that home was in the Bay Area before the tech boom there, then its a pretty unique kind of situation.

Also that salary adjusted for inflation is around $60k. You could still buy a house 3x that at $180k in a lot of markets just not in any of the urban centers or HCOL states.

Not to say wages havent stagnated or anything. Just being objective about the post.

Imit8m3 posted...

A mortgage is still less than the cost of renting.

But is it less that fixing a large problem?

Cleo_II posted...

The median price of homes in 1988 adjusted for inflation is around $210k. So yes prices of homes have nearly doubled since then. But not 11 times more. The OP depends entirely on the market. If that home was in the Bay Area before the tech boom there, then its a pretty unique kind of situation.

Also that salary adjusted for inflation is around $60k. You could still buy a house 3x that at $180k in a lot of markets just not in any of the urban centers or HCOL states.

Not to say wages havent stagnated or anything. Just being objective about the post.

A home not in the Bay Area in 1988 would have been more like $20k to $30k.

What is $20k x 11 ? $220k

So it seems you are infact incorrect. My parents home was a $30k home.

@Cleo_II

Cleo_II posted...

Just being objective about the post.

But, we just gotta have hyperbole!

WingsOfGood posted...

A home not in the Bay Area in 1988 would have been more like $20k to $30k.

What is $20k x 11 ? $220k

So it seems you are infact incorrect. My parents home was a $30k home.

@Cleo_II

Are you gauging house pricing within the same area, or sampling from somewhere else? Kind of important.

WingsOfGood posted...

Poundgarden actually thinks I am arguing that million dollar house should be purchasable by a 23 year old single mother?
How dishonest of a poster is he really?

WOW

Also, that million dollar home is the older home LMAO

So....then why did you use that as an example? Do you not understand the things you read?

Pop a quarter in your ass, you played yourself genius

TC have you even tried to get a loan for a house? Or seen what your price range is given your income?

Questionmarktarius posted...

This seems important.

Average house in the 70s:
https://gamefaqs.gamespot.com/a/user_image/0/2/5/AAEhCpAAC6h5.jpg

Average house nowadays:
https://gamefaqs.gamespot.com/a/user_image/0/2/6/AAEhCpAAC6h6.jpg

thats not true

Questionmarktarius posted...

But, we just gotta have hyperbole!

This is rich since her post was incorrect. Of course you would have not thought about it hard and hoped it was helping to prove there is no problem or something.

@Questionmarktarius

AngelsNAirwav3s posted...

TC have you even tried to get a loan for a house? Or seen what your price range is given your income?

I am in my house right now.
Did you think you were making a point asking this question?

What about you? Where do YOU live?

@AngelsNAirwav3s

WingsOfGood posted...

I am in my house right now.
Did you think you were making a point asking this question?

What about you? Where do YOU live?

@AngelsNAirwav3s

So its not that unachievable of a dream then, to be a home owner?

my grandparents bought their house for around 30k over 50 years ago. Sold it for 900k last year lol.

AngelsNAirwav3s posted...

So its not that unachievable of a dream then, to be a home owner?

I have higher education and was able to save money in ways many others could not have been able to. I also got a really good job out of college thanks to connections with a professor.

I will not pretend like others than I am just smarter or harder worker than others.
For example, a family members went the same path but struggled to find their first job because they did not have this connection.

Others on a similar path didn't have the opportunity to save like I did and they still dream of owning a house.

Pepys Monster posted...

You live in the age of crypto, TC. There's no room to complain here.

You mean the age of massive ponzi schemes. Gotcha.

I literally have to work double shifts AS A PHYSICIAN to have the standard of life my dad had as a salesman in the 70s and 80s.

WingsOfGood posted...

I have higher education and was able to save money in ways many others could not have been able to. I also got a really good job out of college thanks to connections with a professor.

I will not pretend like others than I am just smarter or harder worker than others.
For example, a family members went the same path but struggled to find their first job because they did not have this connection.

Others on a similar path didn't have the opportunity to save like I did and they still dream of owning a house.

Speak up, we're having trouble hearing you all the way up on that high horse of yours.

Holy fuck get over yourself dude. Like is your position seriously that you were well off, so it's inconceivable that someone without your priveleges can buy a home? WOW

I legit have no idea what tf your "point" or argument even is here.

PoundGarden posted...

Speak up, we're having trouble hearing you all the way up on that high horse of yours.

Holy fuck get over yourself dude. Like is your position seriously that you were well off, so it's inconceivable that someone without your priveleges can buy a home? WOW

I legit have no idea what tf your "point" or argument even is here.

This is some seriously disingenuous twisting of his point. Jfc, be better dude.

PoundGarden posted...

Speak up, we're having trouble hearing you all the way up on that high horse of yours.

Holy fuck get over yourself dude. Like is your position seriously that you were well off, so it's inconceivable that someone without your priveleges can buy a home? WOW

I legit have no idea what tf your "point" or argument even is here.

High horse? I am arguing that people without a degree and good circumstances like luck should be able to buy a house TOO.

Or did you STILL fail to read this fucking thread?

A 23 year old single MOTHER (child expenses) with a job that requires no higher education could buy a house.

vs. me who saved money over several years as I did not have a child and had a higher education job at a big name company

Like bro, you want to portray yourself in a poor way? check yourself

Additionally, to further drive the point home that TC doesn't know dick about real estate, he's also confusing land value with property value.

I guarantee the land that $950k house in his totally true and I'm sure not made up at all because nobody lies on the internet story sits on probably accounts for a large chunk of that value. Anyone that has even casually dipped their toes into real estate undertands this and has seen it on Zillow dozens of times. Unless that house has history there's no way a basic ass home increased 10x in value to almost $1m, it's the land. You can always build another house, can't make more land.

PoundGarden posted...

Additionally, to further drive the point home that TC doesn't know dick about real estate, he's also confusing land value with property value.

I guarantee the land that $950k house in his totally true and I'm sure not made up at all because nobody lies on the internet story sits on probably accounts for a large chunk of that value. Anyone that has even casually dipped their toes into real estate undertands this and has seen it on Zillow dozens of times. Unless that house has history there's no way a basic ass home increased 10x in value to almost $1m, it's the land. You can always build another house, can't make more land.

What do you think my parents $30k house they bought in the 80s, not in a prime place like the Bay Area is valued at today?

In addition, this is no different than you same stupid argument that houses go up over time not realizing how wages did not keep up which TONS of people ITT pointed out but you somehow could not comprehend