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

(+) Yeah! (+)

Go demand money from her and her kids

WingsOfGood posted...

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

I'm not your fucking bro. My brother understands basic concepts and can actually read, please don't insult me by insinuating we share any genetics. Yuck. I've asked you numerous times not to do it, try and be an adult for once please and not resort to doing things you know offend me.

And I love how you continue to handwave and flat out ignore that it is perfectly fucking possible to buy a home without the advantages and priveleges you enjoy. Quite frankly it's offensive and insulting that you think they can't. Really speaks volumes.

But keep being pissed a 23 yr old can't buy a $950k house and any other subjects you don't fucking understand

Poundgarden really hates being called bro?

BlackBlueButts posted...

Poundgarden really hates being called bro?

He might be melting down since his argument has failed pretty hard.

WingsOfGood posted...

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

Thank you for removing any doubt anyone may have had that you don't know what the fuck you're talking about, nor can you read for shit. Again, what's worth more in hte bay area: the house or the land it sits on? Think real hard, the answer has already been given.

I already acknowledged wages, you have to read better. Ask for help if need be. Assuming anyone can stand to be in a room with you for more than 30 seconds

PoundGarden posted...

Again, what's worth more in hte bay area: the house or the land it sits on? Think real hard, the answer has already been given.

What the actual fuck are you on about.

Holy shit lmao

PoundGarden posted...

Thank you for removing any doubt anyone may have had that you don't know what the fuck you're talking about, nor can you read for shit. Again, what's worth more in hte bay area: the house or the land it sits on? Think real hard, the answer has already been given.

Why do you think it matters when the purchase includes the lot and it's still unaffordable?

WingsOfGood posted...

What the actual fuck are you on about.

Holy shit lmao

Just say you cant fucking read and don't understand basic things and block me, good lord.

LMFAO @ owning a house and not knowing shit about real estate

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.

I was curious if it checked out at all too, so i did some detective work.

If you pull up a list of GM factories past/present there's really only one spot where anything close to a three bedroom for $950k can even exist. Most of these plants are in the much more affordable Midwest. You'd live like a king there for that price point.

There was a plant in South Gate, California that is no longer open. No other location seems to even come close in the housing prices. Conceivably, the person in the OP could be from there or a surrounding area maybe.

TheOtherMike posted...

Why do you think it matters when the purchase includes the lot and it's still unaffordable?

Idk what the fuck he is on about. Losing the argument must have really touched his brain deeply.

TheOtherMike posted...

Why do you think it matters when the purchase includes the lot and it's still unaffordable?

Because it makes his point irrelevant. I don't think it's egregious that someone just starting their life with no education and an entry level job can't afford prime real estate. Location matters.
It is completely doable for that same 23 yr old single mother to get a nice house $0 down in a rural area as a starter home. Keep it 5-10 years and sell, use the profits to move closer to where you want to be and hopefully you have a better job or degree within that 5-10 yrs.

TC wants to throw on a rainbow wig and floppy shoes and act like it's impossible because, again, he's a fucking noob when it comes to real estate.

WingsOfGood posted...

Idk what the fuck he is on about. Losing the argument must have really touched his brain deeply.

And here come the insults because you're frustrated you don't understand things and made a terrible, terrible argument

PoundGarden posted...

Because it makes his point irrelevant.

No it doesn't. You might as well insist he knows how much the attached garage is worth compared to the rest of the structure. It's all one purchase regardless, and for established homes buyers typically don't know or care what the lot is worth vs. the structure on it.

Jiek_Fafn posted...

I was curious if it checked out at all too, so i did some detective work.

If you pull up a list of GM factories past/present there's really only one spot where anything close to a three bedroom for $950k can even exist. Most of these plants are in the much more affordable Midwest. You'd live like a king there for that price point.

There was a plant in South Gate, California that is no longer open. No other location seems to even come close in the housing prices. Conceivably, the person in the OP could be from there or a surrounding area maybe.

Conceivably, TC could have literally typed that up himself. He has no source for this bullshit claim and continues to pretend affordable housing does not exist

PoundGarden posted...

I don't think it's egregious that someone just starting their life with no education and an entry level job can't afford prime real estate. Location matters.

Do you not realize people get paid more money where there is a higher cost of living?

PoundGarden posted...

It is completely doable for that same 23 yr old single mother to get a nice house $0 down in a rural area as a starter home. Keep it 5-10 years and sell, use the profits to move closer to where you want to be and hopefully you have a better job or degree within that 5-10 yrs.

Apparently you don't. If they live in a rural area they will have a worse job. There reason Cali is prime real estate is because it has more job opportunities.

HOLY SHIT

TheOtherMike posted...

No it doesn't.

It literally does. Do you think it's realistic for any 23 yr old with no education to buy a $950k home in the heart of a major city?

If so there's really nothing further to discuss.

PoundGarden posted...

It literally does. Do you think it's realistic for any 23 yr old with no education to buy a $950k home in the heart of a major city?

If so there's really nothing further to discuss.

Stop being dishonest.

PoundGarden posted...

It literally does.

It objectively does not. See above edit.

WingsOfGood posted...

Do you not realize people get paid more money where there is a higher cost of living?

Do you not realize the 23 yr old with no education is prooooobably not going to be the target demographic of an affluent neighborhood nor would they ever be able to afford to live there? Holy fuck.

WingsOfGood posted...

Apparently you don't. If they live in a rural area they will have a worse job.

Ignorance at its finest. Rural jobs oftentimes pay more as an incentive so...fucking derp. Add that to the constantly growing list of shit you don't know or understand but think you do.

WingsOfGood posted...

There reason Cali is prime real estate is because it has more job opportunities.

That's ONE of many factors. Add that to your list too. Wow, you really don't understand much of the adult world, do you? And yet you own a home. Inspiring. If you can do it, there's hope for everyone.

Yeah Poundgarden is having another meltdown lmao.

He keeps repeated shit I never said. And now he is really riled up too.

WingsOfGood posted...

Yeah Poundgarden is having another meltdown lmao.

He keeps repeated shit I never said. And now he is really riled up too.

More insults because you can't read, pathetic and predictable.

PoundGarden posted...

More insults because you can't read, pathetic and predictable.

Saying you are melting down is not an insult. It is a statement of observation that is observed by your behaviour.

But about that:

PoundGarden posted...

Ignorance at its finest.

PoundGarden posted...

Add that to the constantly growing list of s*** you don't know or understand but think you do.

It appears you believe a person who hurls insults is showing they cannot read and cannot provide a good argument.

Is that why you are resorting to insults?

WingsOfGood posted...

Saying you are melting down is not an insult. It is a statement of observation that is observed by your behaviour.

But about that:

It appears you believe a person who hurls insults is showing they cannot read and cannot provide a good argument.

Is that why you are resorting to insults?

His lack of self-awareness is honstly quite remarkable.

TheOtherMike posted...

His lack of self-awareness is honstly quite remarkable.

Idk why he is even this way.

What does it do for him to deny there is a problem with people being able to find affordable housing today?
Unless he is landlord or a flipper....

WingsOfGood posted...

Saying you are melting down is not an insult. It is a statement of observation that is observed by your behaviour.

But about that:

It appears you believe a person who hurls insults is showing they cannot read and cannot provide a good argument.

Is that why you are resorting to insults?

Those were observations. Add that to your list of shit you don't comprehend.

WingsOfGood posted...

Idk why he is even this way.

What does it do for him to deny there is a problem with people being able to find affordable housing today?
Unless he is landlord or a flipper....

At this point you're being obtuse. At least I hope so. It's incredible to me that you want to continue this charade that affordable housing doesn't exist. You're wrong, period. Be an adult and own it. You said a really stupid thing and used a terrible, awful, possibly worst I've ever seen "example" (some random block of text with no source anyone could have made up) to prove your idiotic point. Which I'm still not even sure what that point is since affordable housing literally exists regardless of what you foolishly choose to believe and excrete as the truth.

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

What am I incorrect about exactly? As I said, US median 1988 housing cost was $210k adjusted for inflation. At the time it was about $85-90k without so I dont know where youre pulling 20-30k.

Here is where I pulled the data: https://dqydj.com/historical-home-prices/

I agree that the cost of housing has gone up. But its closer to double than 11 times. I still think housing being twice as more expensive now is still a very significant increase. The market demands a two income household so a single parent buying a house is extremely difficult today.

PoundGarden posted...

It's incredible to me that you want to continue this charade that affordable housing doesn't exist. You're wrong, period.

You keep saying this but fail to prove it. You seem to think a townhouse for $130k is a really good deal?

That is the only thing you even attempted to try and prove your false assertion.

Meanwhile, many users, not just me, discussed actual home prices.

Fyi, the average is around $300,000

Cleo_II posted...

What am I incorrect about exactly? As I said, US median 1988 housing cost was $210k adjusted for inflation. At the time it was about $85-90k without so I dont know where youre pulling 20-30k.

Here is where I pulled the data: https://dqydj.com/historical-home-prices/

I agree that the cost of housing has gone up. But its closer to double than 11 times. I still think housing being twice as more expensive now is still a very significant increase. The market demands a two income household so a single parent buying a house is extremely difficult today.

You're doing it wrong. He's only interested in his own anecdotal evidence that supports his weird position. He doesn't care about actual numbers, links and how real estate actually works.

Cleo_II posted...

What am I incorrect about exactly? As I said, US median 1988 housing cost was $210k adjusted for inflation. At the time it was about $85-90k without so I dont know where youre pulling 20-30k.

Here is where I pulled the data: https://dqydj.com/historical-home-prices/

I agree that the cost of housing has gone up. But its closer to double than 11 times. I still think housing being twice as more expensive now is still a very significant increase. The market demands a two income household so a single parent buying a house is extremely difficult today.

$30k was from the area I am familiar with as that it was homes had cost at the time. Maybe not the fanciest, but great for new families.

I thought you were comparing just in the Bay Area so that is why I was saying in other places you could find $30k houses.

In any case, here is breakdown by state:

https://www.cnbc.com/2017/06/27/how-much-housing-prices-have-increased-since-1940-in-every-state.html

But now I know where you are coming from. The average itself just went up $100k.

I guess it would then be important to see how wages have paced with this.

https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-in-one-chart/
https://gamefaqs.gamespot.com/a/user_image/1/5/5/AAefUOAAC6j7.jpg

PoundGarden posted...

You're doing it wrong. He's only interested in his own anecdotal evidence that supports his weird position. He doesn't care about actual numbers, links and how real estate actually works.

She provided real data. You have nothing to add so far.

houses are expensive due to the land they sit on

did that homie just lecture on that for 30 posts? the sky is blue, i will start explaining why now

IllegalAlien posted...

houses are expensive due to the land they sit on

did that homie just lecture on that for 30 posts? the sky is blue, i will start explaining why now

You get it, idk what TC's disconnect is

PoundGarden posted...

You get it, idk what TC's disconnect is

He was referring to you. You tried to lecture. I was just like "wtf you on about?"

Yeah I wasnt talking about SF particularly, just that its very possible someone bought a $70k house in 1988 that jumped to $900k now in that kind of market but its not the norm when looking at total US numbers.

The last year for housing has been bonkers though. I believe just 2021 saw around 20% median increase. And were on track for another 20% for 2022 according to some estimates. My current house estimate went up over $100k already and we just closed it in November (SoCal market). Low inventory and a rush to lock in rates before they climb is driving some kind of frenzy. Wfh is allowing tech people to buy up all the cheaper housing in full cash, locking out local families from owning. Its definitely a shit show.

Cleo_II posted...

Its definitely a shit show.

We commodities housing.
Literally treating people's homes as if they were used cars.