Nearly half of adults under 30 live with their parents (Page 11 of 12)
Joined:
Jan 2026
Posts:
950
EE: 0% (0)
FL, USA
|
Originally Posted By -Obsessed-: Or a mobile home. Are you too good for a mobile home? I wasn't. Its what I could afford. Granted I didn't have a childhood home I could live in. Lived there for 5 years before we made enough to start looking at homes, with two incomes. That was fifteen years ago. Wife stays home, we have a nice home we had built. We also had a domestic relocation in there as well so third home, each bigger and better than the last. Not hard. People just don't want to sacrifice and work your way up, from what I can see. My first home was actually a moblile home. I built a little equity owning it for about a year then moved on to eventually owning a single family house. I think people today skip this process and immediately want a $350K+ home. |
|
Originally Posted By King_me: My first home was actually a moblile home. I built a little equity owning it for about a year then moved on to eventually owning a single family house. I think people today skip this process and immediately want a $350K+ home. Originally Posted By King_me: Originally Posted By -Obsessed-: Or a mobile home. Are you too good for a mobile home? I wasn't. Its what I could afford. Granted I didn't have a childhood home I could live in. Lived there for 5 years before we made enough to start looking at homes, with two incomes. That was fifteen years ago. Wife stays home, we have a nice home we had built. We also had a domestic relocation in there as well so third home, each bigger and better than the last. Not hard. People just don't want to sacrifice and work your way up, from what I can see. My first home was actually a moblile home. I built a little equity owning it for about a year then moved on to eventually owning a single family house. I think people today skip this process and immediately want a $350K+ home. But it has to be new, with 4 bedrooms and three and a half bathrooms, a three car attached garage and a huge kitchen. Walking distance to fine dining and breweries and a ten minute commute to $150,000 jobs that allow work from home four days a week. |
Life member of CRPA. FPC contributor.
Joined:
Mar 2026
Posts:
566
EE: 0% (0)
USA
|
Originally Posted By MikeJGA: The problem is the under 30 participation trophy/social promotion kids never had to work for anything in their lives and their parents continue to coddle/enable them. Freedom Homes is Crestview has factory built homes starting at $69,999. That is better construction, cheaper and no where the %17 I paid for a starter home. But the participation trophy kids think they should start out in a 5 bd 3.5 ba house with a pool in a gated community. Fuck the whiney wimps. The affordable acreage within 30 minutes of work is the expensive part... |
| So, all this noise about RETURNING to the way things were a few generations ago. Granted it was mostly in agricultural areas, but multigenerational homes are nothing new. In fact, separating generations by living in separate homes is the anomaly. |
"Go low, go slow and preferably in the dark", the old Sarge.
"Every man needs at least one good rifle and know how to use it," Dad.
"Dad, we either kill them in their country or they will kill us in ours"
"Every man needs at least one good rifle and know how to use it," Dad.
"Dad, we either kill them in their country or they will kill us in ours"
|
Originally Posted By StevenH: A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: 8 bedroom Mansion on a half acre for $270K https://www.zillow.com/homedetails/306-S-Lansing-St-Saint-Johns-MI-48879/74698414_zpid/ You have enormous quantities of electrical, plumbing, plaster/drywall, flooring, trim, windows, roofing, mechanicals and bathrooms. It’s a 125 year old mansion configured as a rehab home (apartment on 3rd floor) with 9K in annual property taxes. You ever try to repair a 125 year old home? Lulz. Better pray it’s not classified as historic—the city will eat you alive too. From an investor perspective: It sold for 251K in 2001. Then it was listed for $399K in 2008, didn’t sell at that price, and finally sold for $155K in 2009. Then it was listed for $275K in 2019, sat for about 168 days, and finally sold for $252K in 2020. Now, six years later, they’re asking $270K. The house has essentially had almost no nominal appreciation in 25 years despite the broader housing market appreciating dramatically. You’re fucking clueless. A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. @StevenH If it’s a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that’s about 5K square feet? You posted what’s essentially a Victorian era Sober Living home that’ll have cast iron, Copper, PVC, and C-PVC plumbing. It’s also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it’s a maintenance disaster likely to bankrupt damn near anyone. On top of that it’s failed to appreciate any meaningful amount in 25 years so it’ll be your first and last home. It’s an extremely poor investment and the objective data demonstrates it. You can’t analyze or interpret data, that’s fucking pathetic at your age. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, 🤣. Again, you’re fucking clueless. One Arfcommer tried to flex on me about owning and bragging about retiring—I did it all by 39 without ass fucking a generation or two of Americans. MAiD can’t come soon enough. |
You see that head come apart?
|
Originally Posted By StevenH: But it has to be new, with 4 bedrooms and three and a half bathrooms, a three car attached garage and a huge kitchen. Walking distance to fine dining and breweries and a ten minute commute to $150,000 jobs that allow work from home four days a week. Originally Posted By StevenH: Originally Posted By King_me: Originally Posted By -Obsessed-: Or a mobile home. Are you too good for a mobile home? I wasn't. Its what I could afford. Granted I didn't have a childhood home I could live in. Lived there for 5 years before we made enough to start looking at homes, with two incomes. That was fifteen years ago. Wife stays home, we have a nice home we had built. We also had a domestic relocation in there as well so third home, each bigger and better than the last. Not hard. People just don't want to sacrifice and work your way up, from what I can see. My first home was actually a moblile home. I built a little equity owning it for about a year then moved on to eventually owning a single family house. I think people today skip this process and immediately want a $350K+ home. But it has to be new, with 4 bedrooms and three and a half bathrooms, a three car attached garage and a huge kitchen. Walking distance to fine dining and breweries and a ten minute commute to $150,000 jobs that allow work from home four days a week. That's the point. Blows my mind that you guys refuse to see the glaringly obvious issue. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By Ruin: If it’s a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that’s about 5K square feet? You posted what’s essentially a Victorian era Sober Living home that’ll have cast iron, Copper, PVC, and C-PVC plumbing. It’s also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it’s a maintenance disaster likely to bankrupt damn near anyone. On top of that it’s failed to appreciate any meaningful amount in 25 years so it’ll be your first and last home. Wow, you really showed me. You can’t analyze or interpret data. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, 🤣. Again, you’re fucking clueless. Originally Posted By Ruin: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: 8 bedroom Mansion on a half acre for $270K https://www.zillow.com/homedetails/306-S-Lansing-St-Saint-Johns-MI-48879/74698414_zpid/ You have enormous quantities of electrical, plumbing, plaster/drywall, flooring, trim, windows, roofing, mechanicals and bathrooms. It’s a 125 year old mansion configured as a rehab home (apartment on 3rd floor) with 9K in annual property taxes. You ever try to repair a 125 year old home? Lulz. Better pray it’s not classified as historic—the city will eat you alive too. From an investor perspective: It sold for 251K in 2001. Then it was listed for $399K in 2008, didn’t sell at that price, and finally sold for $155K in 2009. Then it was listed for $275K in 2019, sat for about 168 days, and finally sold for $252K in 2020. Now, six years later, they’re asking $270K. The house has essentially had almost no nominal appreciation in 25 years despite the broader housing market appreciating dramatically. You’re fucking clueless. A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. If it’s a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that’s about 5K square feet? You posted what’s essentially a Victorian era Sober Living home that’ll have cast iron, Copper, PVC, and C-PVC plumbing. It’s also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it’s a maintenance disaster likely to bankrupt damn near anyone. On top of that it’s failed to appreciate any meaningful amount in 25 years so it’ll be your first and last home. Wow, you really showed me. You can’t analyze or interpret data. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, 🤣. Again, you’re fucking clueless. Because it’s an example of an affordable home with room for even a large family. Something you all insist doesn’t exist anymore. |
Life member of CRPA. FPC contributor.
|
Originally Posted By GetToTheGone: in 2008 I had a two bedroom two bath apartment with 1180 sqft and it was $800 a month. I made $68k as a district manager with a degree. Now that apartment is $16-1800 and college graduates are making $5-59k starting in North Texas, per Zip Recruiter. No shit kids today have it worse. It's not the avocado toast and cell phones either. I work with 20-60 year olds and only the old heads have Iphone 16-17+ or Samsung S24 or newer. These kids have 3-4 year old phones with buster screens and they are still driving Civics and Rav4s, but they all cost 35-40k new now. |
|
Originally Posted By fdawg: It should be 25 in some places Originally Posted By fdawg: Originally Posted By RRA_223: And 5 years ago entry level jobs were $8-9 an hour. Now it's $15+ to work at a fast food joint. Target & Starbucks depending on region start out at $15-17 and quickly go up to $20 for part time work. I’m not kidding when I say I know part time Starbucks employees in their 20s who are home owners. Hell I know people who work at Starbucks part time for the superior health insurance even though they have a full time job with benefits elsewhere. If you work 20 hours a week Starbucks will cover IVF treatments |
Life member of CRPA. FPC contributor.
|
Originally Posted By volwrath91: Here's our budget in Reno same as Colorado. 35 married and 1 kid: $3000 mortgage $600 health insurance $400 car insurance $150 phone/ internet $500 gas $1200 food $20 streaming $60 gym $500 misc/ discretionary Total: $6430 per month. I make $100k, $6666 per month after taxes. You old people are delusional on how modern life is now. |
|
Originally Posted By Ruin: Should boomers be denied medical care when the bills exceed their Medicare contributions? Yes or no, please. @TxRabbitBane Originally Posted By Ruin: Originally Posted By TxRabbitBane: Originally Posted By fatalerror113: Originally Posted By TxRabbitBane: See my edit. Well raised kids with good work ethic will be just fine. Whiny, chronic underachievers have louder voices than previous generations via social media. You’re talking about actual contributors, I’m not. All those contributors wanting to keep what they worked for… how terrible. From each according to their abilities, to each according to his needs, eh? Should boomers be denied medical care when the bills exceed their Medicare contributions? Yes or no, please. @TxRabbitBane Why would they need Medicare? You’ve convinced me that they’ve all squirreled away all the wealth in the universe like little leprechauns just so the super worthy but underachieving millenials who truly deserve it can be miserable. Plus, most of them are dead anyway. Soon you’ll have to blame your whole fucked up miserable life on someone else. I’m sure your therapist will make a killing. |
Not fly enough to be halal....
|
Originally Posted By fdawg: Dude if you just bought an older phone and drank less Starbucks it would be gravy . Imagine if you only made 45k. Originally Posted By fdawg: Originally Posted By volwrath91: Here's our budget in Reno same as Colorado. 35 married and 1 kid: $3000 mortgage $600 health insurance $400 car insurance $150 phone/ internet $500 gas $1200 food $20 streaming $60 gym $500 misc/ discretionary Total: $6430 per month. I make $100k, $6666 per month after taxes. You old people are delusional on how modern life is now. He is overpaying for car insurance, gym, food and gas, and apparently taxes. Needs to start paying himself first and bringing down taxable income to keep more of what he makes. |
Life member of CRPA. FPC contributor.
|
Originally Posted By StevenH: Because it’s an example of an affordable home with room for even a large family. Something you all insist doesn’t exist anymore. Ok. I’m not arguing stagnate markets no one gives a shit about. Remember, we’re looking for an affordable starter home that’ll appreciate in value. Buying a home that doesn’t appreciate means you might as well rent. You’ve proven distance is cheaper and homes more affordable where there’s: lower liquidity, weaker job access, thin buyer demand and weak housing market appreciation that’s so bad it defeats the purpose of buying a starter home in the first place. Congrats, you’ve discovered a slum town. |
You see that head come apart?
|
Originally Posted By TxRabbitBane: Why would they need Medicare? You’ve convinced me that they’ve all squirreled away all the wealth in the universe like little leprechauns just so the super worthy but underachieving millenials who truly deserve it can be miserable. Plus, most of them are dead anyway. Soon you’ll have to blame your whole fucked up miserable life on someone else. I’m sure your therapist will make a killing. Originally Posted By TxRabbitBane: Originally Posted By Ruin: Originally Posted By TxRabbitBane: Originally Posted By fatalerror113: Originally Posted By TxRabbitBane: See my edit. Well raised kids with good work ethic will be just fine. Whiny, chronic underachievers have louder voices than previous generations via social media. You’re talking about actual contributors, I’m not. All those contributors wanting to keep what they worked for… how terrible. From each according to their abilities, to each according to his needs, eh? Should boomers be denied medical care when the bills exceed their Medicare contributions? Yes or no, please. @TxRabbitBane Why would they need Medicare? You’ve convinced me that they’ve all squirreled away all the wealth in the universe like little leprechauns just so the super worthy but underachieving millenials who truly deserve it can be miserable. Plus, most of them are dead anyway. Soon you’ll have to blame your whole fucked up miserable life on someone else. I’m sure your therapist will make a killing. *Insert boomer diatribe* I’m 40 and retired thanks to real estate, I’m not the pauper you’re looking for. |
You see that head come apart?
|
Originally Posted By StevenH: Because it's an example of an affordable home with room for even a large family. Something you all insist doesn't exist anymore. Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: 8 bedroom Mansion on a half acre for $270K https://www.zillow.com/homedetails/306-S-Lansing-St-Saint-Johns-MI-48879/74698414_zpid/ You have enormous quantities of electrical, plumbing, plaster/drywall, flooring, trim, windows, roofing, mechanicals and bathrooms. It's a 125 year old mansion configured as a rehab home (apartment on 3rd floor) with 9K in annual property taxes. You ever try to repair a 125 year old home? Lulz. Better pray it's not classified as historic the city will eat you alive too. From an investor perspective: It sold for 251K in 2001. Then it was listed for $399K in 2008, didn't sell at that price, and finally sold for $155K in 2009. Then it was listed for $275K in 2019, sat for about 168 days, and finally sold for $252K in 2020. Now, six years later, they're asking $270K. The house has essentially had almost no nominal appreciation in 25 years despite the broader housing market appreciating dramatically. You're fucking clueless. A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. If it's a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that's about 5K square feet? You posted what's essentially a Victorian era Sober Living home that'll have cast iron, Copper, PVC, and C-PVC plumbing. It's also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it's a maintenance disaster likely to bankrupt damn near anyone. On top of that it's failed to appreciate any meaningful amount in 25 years so it'll be your first and last home. Wow, you really showed me. You can't analyze or interpret data. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, . Again, you're fucking clueless. Because it's an example of an affordable home with room for even a large family. Something you all insist doesn't exist anymore. you can't be serious, the cost on that is astronomical in maintenance. |
|
Originally Posted By Ruin: Ok. I’m not arguing stagnate markets no one gives a shit about. Remember, we’re looking for an affordable starter home that’ll appreciate in value. Buying a home that doesn’t appreciate means you might as well rent. You’ve proven distance is cheaper and homes more affordable where there’s: lower liquidity, weaker job access, thin buyer demand and weak housing market appreciation that’s so bad it defeats the purpose of buying a starter home in the first place. Congrats, you’ve discovered a slum town. Originally Posted By Ruin: Originally Posted By StevenH: Because it’s an example of an affordable home with room for even a large family. Something you all insist doesn’t exist anymore. Ok. I’m not arguing stagnate markets no one gives a shit about. Remember, we’re looking for an affordable starter home that’ll appreciate in value. Buying a home that doesn’t appreciate means you might as well rent. You’ve proven distance is cheaper and homes more affordable where there’s: lower liquidity, weaker job access, thin buyer demand and weak housing market appreciation that’s so bad it defeats the purpose of buying a starter home in the first place. Congrats, you’ve discovered a slum town. Renting doesn’t lower your taxable income. It’s always better to pay a mortgage than a rent payment |
Life member of CRPA. FPC contributor.
|
Originally Posted By fdawg: you can't be serious, the cost on that is astronomical in maintenance. Originally Posted By fdawg: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: 8 bedroom Mansion on a half acre for $270K https://www.zillow.com/homedetails/306-S-Lansing-St-Saint-Johns-MI-48879/74698414_zpid/ You have enormous quantities of electrical, plumbing, plaster/drywall, flooring, trim, windows, roofing, mechanicals and bathrooms. It's a 125 year old mansion configured as a rehab home (apartment on 3rd floor) with 9K in annual property taxes. You ever try to repair a 125 year old home? Lulz. Better pray it's not classified as historic the city will eat you alive too. From an investor perspective: It sold for 251K in 2001. Then it was listed for $399K in 2008, didn't sell at that price, and finally sold for $155K in 2009. Then it was listed for $275K in 2019, sat for about 168 days, and finally sold for $252K in 2020. Now, six years later, they're asking $270K. The house has essentially had almost no nominal appreciation in 25 years despite the broader housing market appreciating dramatically. You're fucking clueless. A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. If it's a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that's about 5K square feet? You posted what's essentially a Victorian era Sober Living home that'll have cast iron, Copper, PVC, and C-PVC plumbing. It's also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it's a maintenance disaster likely to bankrupt damn near anyone. On top of that it's failed to appreciate any meaningful amount in 25 years so it'll be your first and last home. Wow, you really showed me. You can't analyze or interpret data. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, . Again, you're fucking clueless. Because it's an example of an affordable home with room for even a large family. Something you all insist doesn't exist anymore. you can't be serious, the cost on that is astronomical in maintenance. It’s not that bad. I grew up in that area. You seal off unused room, wings, floors. Sleep downstairs in the summer so you don’t need AC. Only heat the parts of the house you need in the winter. |
Life member of CRPA. FPC contributor.
|
Originally Posted By StevenH: Renting doesn’t lower your taxable income. It’s always better to pay a mortgage than a rent payment If I buy a house in a weak market, pay interest, property taxes, insurance, maintenance, closing costs and selling costs, and the property barely appreciates, ownership can absolutely produce a worse financial outcome than renting. A starter home is valuable because it lets you build equity through principal paydown AND appreciation. If your solution to affordability requires moving to a market where appreciation and buyer demand collapse, you’re removing one of the primary financial advantages of owning the house in the first place. Now that we’ve debonked the erroneous claim you’ve made, please refute the factual data I’ve gathered for you in previous posts. |
You see that head come apart?
|
Originally Posted By StevenH: It’s not that bad. I grew up in that area. You seal off unused room, wings, floors. Sleep downstairs in the summer so you don’t need AC. Only heat the parts of the house you need in the winter. Originally Posted By StevenH: Originally Posted By fdawg: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: 8 bedroom Mansion on a half acre for $270K https://www.zillow.com/homedetails/306-S-Lansing-St-Saint-Johns-MI-48879/74698414_zpid/ You have enormous quantities of electrical, plumbing, plaster/drywall, flooring, trim, windows, roofing, mechanicals and bathrooms. It's a 125 year old mansion configured as a rehab home (apartment on 3rd floor) with 9K in annual property taxes. You ever try to repair a 125 year old home? Lulz. Better pray it's not classified as historic the city will eat you alive too. From an investor perspective: It sold for 251K in 2001. Then it was listed for $399K in 2008, didn't sell at that price, and finally sold for $155K in 2009. Then it was listed for $275K in 2019, sat for about 168 days, and finally sold for $252K in 2020. Now, six years later, they're asking $270K. The house has essentially had almost no nominal appreciation in 25 years despite the broader housing market appreciating dramatically. You're fucking clueless. A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. If it's a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that's about 5K square feet? You posted what's essentially a Victorian era Sober Living home that'll have cast iron, Copper, PVC, and C-PVC plumbing. It's also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it's a maintenance disaster likely to bankrupt damn near anyone. On top of that it's failed to appreciate any meaningful amount in 25 years so it'll be your first and last home. Wow, you really showed me. You can't analyze or interpret data. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, . Again, you're fucking clueless. Because it's an example of an affordable home with room for even a large family. Something you all insist doesn't exist anymore. you can't be serious, the cost on that is astronomical in maintenance. It’s not that bad. I grew up in that area. You seal off unused room, wings, floors. Sleep downstairs in the summer so you don’t need AC. Only heat the parts of the house you need in the winter. We’ve almost returned to “eat squirrels” like the last housing thread. Keep going, that’ll definitely make people wanna vote ( R). Edit: notice how quickly the argument went from millennials not wanting a 2/1 or 3/1 starter home to “buy a 100+ year old maintenance nightmare and seal off floors”? You also stated to rent the 3rd floor apartment. Stop shifting the goal posts. It’s simple to say “damn, I was wrong and stuff is hard for people. The world I grew up in is long gone”. |
You see that head come apart?
|
Originally Posted By Ruin: If I buy a house in a weak market, pay interest, property taxes, insurance, maintenance, closing costs and selling costs, and the property barely appreciates, ownership can absolutely produce a worse financial outcome than renting. A starter home is valuable because it lets you build equity through principal paydown AND appreciation. If your solution to affordability requires moving to a market where appreciation and buyer demand collapse, you’re removing one of the primary financial advantages of owning the house in the first place. Now that we’ve debonked the erroneous claim you’ve made, please refute the factual data I’ve gathered for you in previous posts. Most of your first paragraph is rolled into your monthly payment. We are taking buying with an equal monthly payment to renting. If your mortgage, including the impound account, is the same as a rent payment, the only added ownership expense is maintenance. But ownership gives you tax write offs (property taxes and interest). Renting doesn’t. In the last three years I’ve spent less than $1000 on maintenance. I spend more than that on guns every month. If someone has the choice of paying $2000 a month in rent vs $2000 for a home they will own that comes with a big tax deduction it’s almost always a bad idea to rent. You’re a home flipper if I remember correctly? My houses are places to sleep and store my guns in. I don’t really care about resale value because it’s something my kids will either keep or sell when I die. When I want another house I pay one off that is currently mortgaged and get a loan for the next one. |
Life member of CRPA. FPC contributor.
|
Originally Posted By Ruin: We’ve almost returned to “eat squirrels” like the last housing thread. Keep going, that’ll definitely make people wanna vote ( R). Edit: notice how quickly the argument went from millennials not wanting a 2/1 or 3/1 starter home to “buy a 100+ year old maintenance nightmare and seal off floors”? You also stated to rent the 3rd floor apartment. Stop shifting the goal posts. It’s simple to say “damn, I was wrong and stuff is hard for people. The world I grew up in is long gone”. Originally Posted By Ruin: Originally Posted By StevenH: Originally Posted By fdawg: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: 8 bedroom Mansion on a half acre for $270K https://www.zillow.com/homedetails/306-S-Lansing-St-Saint-Johns-MI-48879/74698414_zpid/ You have enormous quantities of electrical, plumbing, plaster/drywall, flooring, trim, windows, roofing, mechanicals and bathrooms. It's a 125 year old mansion configured as a rehab home (apartment on 3rd floor) with 9K in annual property taxes. You ever try to repair a 125 year old home? Lulz. Better pray it's not classified as historic the city will eat you alive too. From an investor perspective: It sold for 251K in 2001. Then it was listed for $399K in 2008, didn't sell at that price, and finally sold for $155K in 2009. Then it was listed for $275K in 2019, sat for about 168 days, and finally sold for $252K in 2020. Now, six years later, they're asking $270K. The house has essentially had almost no nominal appreciation in 25 years despite the broader housing market appreciating dramatically. You're fucking clueless. A house is a place to fuck, sleep and store your shit. That one has an apartment you can rent out to help with your mortgage. Clueless is a funny description for someone with three homes and shopping for a fourth. If it's a place to sleep and fuck why would you suggest a 125 year old maintenance nightmare that's about 5K square feet? You posted what's essentially a Victorian era Sober Living home that'll have cast iron, Copper, PVC, and C-PVC plumbing. It's also going to have cloth wiring, copper wiring, and aluminum wiring. Essentially, it's a maintenance disaster likely to bankrupt damn near anyone. On top of that it's failed to appreciate any meaningful amount in 25 years so it'll be your first and last home. Wow, you really showed me. You can't analyze or interpret data. If you buy 10 more homes you might actually catch up to me (but I doubt it). Enjoy your 4th home, . Again, you're fucking clueless. Because it's an example of an affordable home with room for even a large family. Something you all insist doesn't exist anymore. you can't be serious, the cost on that is astronomical in maintenance. It’s not that bad. I grew up in that area. You seal off unused room, wings, floors. Sleep downstairs in the summer so you don’t need AC. Only heat the parts of the house you need in the winter. We’ve almost returned to “eat squirrels” like the last housing thread. Keep going, that’ll definitely make people wanna vote ( R). Edit: notice how quickly the argument went from millennials not wanting a 2/1 or 3/1 starter home to “buy a 100+ year old maintenance nightmare and seal off floors”? You also stated to rent the 3rd floor apartment. Stop shifting the goal posts. It’s simple to say “damn, I was wrong and stuff is hard for people. The world I grew up in is long gone”. You’re not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don’t need a six figure job to do it. |
Life member of CRPA. FPC contributor.
|
Originally Posted By WoodChuckDad: Why would you chose to live there? Great deer hunting from September until January. Practically no violent crime. Predominantly Dutch and German white population resulting in a high trust society. Most people don’t lock their door. I doubt my mother even has a key to her house, the door hasn’t been locked once in over 30-years. |
Life member of CRPA. FPC contributor.
|
Originally Posted By jeep44: What about the over-60s with parents living with them? Sounds nuts but I take care of people in this situation occasionally lol. Son is having open heart surgery. Frail looking pushing 80 mother comes to visit. Looks a bit worried... |
|
Originally Posted By WoodChuckDad: Daughter 24 living at home. Got her Masters degree last year( she paid for it and has no debt). She just got a promotion. Works in IT and finance. Will probably move out late this year or early next when her boyfriend puts a ring on her finger. I happily provide a roof over her head, a car for her to drive, medical insurance and a phone. She is youngest of Five children. Some would be welcome back if they needed. Some would not because they wouldn’t respect my home. ——————— Unfortunately her field will be one of the first replaced by AI. She uses Ai all day ling to be more efficient. I’ve been in It fir almost 30 years. Not worried about IT replacing my coworkers(I am about to pop smoke and start day drinking for a living. |
|
Originally Posted By StevenH: Most of your first paragraph is rolled into your monthly payment. We are taking buying with an equal monthly payment to renting. If your mortgage, including the impound account, is the same as a rent payment, the only added ownership expense is maintenance. But ownership gives you tax write offs (property taxes and interest). Renting doesn’t. In the last three years I’ve spent less than $1000 on maintenance. I spend more than that on guns every month. If someone has the choice of paying $2000 a month in rent vs $2000 for a home they will own that comes with a big tax deduction it’s almost always a bad idea to rent. You’re a home flipper if I remember correctly? My houses are places to sleep and store my guns in. I don’t really care about resale value because it’s something my kids will either keep or sell when I die. When I want another house I pay one off that is currently mortgaged and get a loan for the next one. You’re describing a house you plan to own until you die, I’m describing a starter home by trying to stick to the intent of the thread while matching current economics based off a desirable model a family would actively seek. Those are completely different financial decisions. Funny enough, I’d have expected Huber Heights or Parma to enter the conversation. Fort Wayne, Indiana would’ve been a reasonable candidate as well. If you’re going to hold a property for decades and eventually leave it to your kids, short- and medium-term resale value, liquidity and appreciation matter a lot less to you. A starter-home buyer is specifically counting on that first house to build enough equity to move into the next one. I’d still argue that long term appreciation should matter. Every home is an investment. Every. Single. Home. Some are good, some are shit. Also, the “big tax deduction” isn’t automatic. Mortgage interest and property taxes are itemized deductions. If your itemized deductions don’t exceed the standard deduction, there isn’t some huge additional federal tax benefit from having the mortgage. I’m not a tax guy, I do what I’m told. I still get hammered sometimes so take my thoughts on that with a grain of salt. And comparing $2,000 rent to $2,000 PITI still leaves out the buyer’s down payment, closing costs, maintenance, major repairs, eventual selling costs and the opportunity cost of the cash tied up in the house. There’s math in your equation that generally cannot be outrun. Again, get a good CPA (I think you mentioned working to pay less in taxes) which is always the right answer. Yes, principal paydown creates equity. That’s a real advantage of ownership. But if you have to move an hour away from the employment center into a weak-demand market with poor appreciation just to make the payment equal, you’ve weakened one of the primary purposes of buying a starter home: building transferable equity. Your personal strategy of buying houses you intend to keep for life may work perfectly well for you but don’t assume it’s a good investment. Yes, I’m a home flipper/private landlord. My only goal is to leave my kid with generational wealth. The world I grew up in doesn’t exist anymore and I must ensure she’s situated for difficult times. |
You see that head come apart?
|
Originally Posted By WoodChuckDad: She uses Ai all day ling to be more efficient. I’ve been in It fir almost 30 years. Not worried about IT replacing my coworkers(I am about to pop smoke and start day drinking for a living. When you say start, do you mean started, 
|
|
Originally Posted By StevenH: You’re not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don’t need a six figure job to do it. 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. |
You see that head come apart?
|
Originally Posted By Ruin: 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. Originally Posted By Ruin: Originally Posted By StevenH: You’re not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don’t need a six figure job to do it. 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. I should start a thread on how to become a millionaire by 50 with a just high school diploma and working only 40-hours a week. Nah, it doesn’t need a thread. Everyone knows how to do it, they are just not willing to do it. The kids are too good (fancy) for a frugal lifestyle. |
Life member of CRPA. FPC contributor.
Member
Joined:
Dec 2023
Posts:
9427
EE: 0% (0)
MI, USA
|
Originally Posted By StevenH: I should start a thread on how to become a millionaire by 50 with a just high school diploma and working only 40-hours a week. Nah, it doesn’t need a thread. Everyone knows how to do it, they are just not willing to do it. The kids are too good (fancy) for a frugal lifestyle. Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: You’re not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don’t need a six figure job to do it. 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. I should start a thread on how to become a millionaire by 50 with a just high school diploma and working only 40-hours a week. Nah, it doesn’t need a thread. Everyone knows how to do it, they are just not willing to do it. The kids are too good (fancy) for a frugal lifestyle. You'll have to come to grips with the fact that not everyone gives a shit about being a millionaire at 50. |
When the going gets tough, the tough go cyclic.
|
My kids are welcome to stay as long as they are either in school for a well paying career or saving and investing their money. I'm glad to keep them around if it is helping set them up for the future. If they are just working and blowing up their money on bullshit I'll change them a hefty rent and utilities. If they are slacking and not working they can GTFO. |
¯\_(?)_/¯
Joined:
Jul 2026
Posts:
70
EE: 0% (0)
NC, USA
|
Originally Posted By comp_orng_boss: People talk about affordability, and how you can't get your own place, and how rent is inflated. But then we point to shows, which are now 30 years old, where a bunch of young mid 20 somethings live together with room mates. Do young people not have room mates anymore? Yeah sure $2500/mo rent is expensive (in a high COL area), but split 3 ways is very affordable on even a $50k salary. Do you think everything is ok if you make 50,000 and you have to split the home with two others |
|
Originally Posted By Ruin: 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. Originally Posted By Ruin: Originally Posted By StevenH: You're not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don't need a six figure job to do it. 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. |
|
Originally Posted By 0311SKI: You'll have to come to grips with the fact that not everyone gives a shit about being a millionaire at 50. Originally Posted By 0311SKI: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: You're not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don't need a six figure job to do it. 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. I should start a thread on how to become a millionaire by 50 with a just high school diploma and working only 40-hours a week. Nah, it doesn't need a thread. Everyone knows how to do it, they are just not willing to do it. The kids are too good (fancy) for a frugal lifestyle. You'll have to come to grips with the fact that not everyone gives a shit about being a millionaire at 50. |
|
Originally Posted By StevenH: Great deer hunting from September until January. Practically no violent crime. Predominantly Dutch and German white population resulting in a high trust society. Most people don’t lock their door. I doubt my mother even has a key to her house, the door hasn’t been locked once in over 30-years. Would rather live there then in a million dollar mansion near a city. |
|
Originally Posted By StevenH: I should start a thread on how to become a millionaire by 50 with a just high school diploma and working only 40-hours a week. Nah, it doesn’t need a thread. Everyone knows how to do it, they are just not willing to do it. The kids are too good (fancy) for a frugal lifestyle. I don't think they do, though. I don’t know how to amass $1M by 50 working 40 hours a week. That isn’t how I did it. Heck, I’m retired and still flip houses and add to the portfolio because it’s more than an addiction. Everytime I look at my daughter I realize she isn’t set for success in a new era of America. She must be better, smarter, faster, more rounded and confident. That means a funded Trump account, a 529, a 401K, a RE investment portfolio, etc. The best schools aren’t cheap. The safest neighborhoods aren’t cheap. On a personal note, I was being serious about starting a thread on preserving and enhancing home value and I'm serious that you should do a thread on your topic. It’s not a flex to hold your head high when you bust your ass. I’m not pulling the ladder up behind me. I go to REI events every month to not just learn more and motivate myself but also to motivate others. I bring dudes through my projects all the time that have never done anything in the RE community. I help with the math, how to find properties, what to look for defect-wise, etc. Hell, I taught my sister and my cousin. Why? Because my friend from the service taught me how to do it. Start that thread and help others that share your grit. You don’t need a 1M to start—you just have to start. FYSA, one Arfcommer reached out from my flip thread and we’ve talked for a couple/few hours cumulatively now on how to flip. He just closed on his first. |
You see that head come apart?
|
Originally Posted By PeoplesRepublicOfIL: That is real wealth right there. Would rather live there then in a million dollar mansion near a city. Originally Posted By PeoplesRepublicOfIL: Originally Posted By StevenH: Great deer hunting from September until January. Practically no violent crime. Predominantly Dutch and German white population resulting in a high trust society. Most people don’t lock their door. I doubt my mother even has a key to her house, the door hasn’t been locked once in over 30-years. Would rather live there then in a million dollar mansion near a city.  $1mil near a population center gets a 2/1 duplex in the ghetto |
|
Originally Posted By wakeboarder: $1mil near a population center gets a 2/1 duplex in the ghetto Whatever number your average American would want to live in major city wouldn’t offset the type of lifestyle in the post I quoted. American cities are shitholes full of foreigners and Marxists. |
|
Originally Posted By EXCATM76: At least you n my sons case. I've encouraged him to stay until he is done with school, gets a job, pays off his student loans, and has enough saved for the down payment on a house and an emevergency fund. I'd much rather be do that, than struggle for years like I did. I was out of the house at 17. Had a I moved out with no debt other than a mortgage and a good job, I could retire 10 - 15 years earlier. As it was I joined the military and then worked my way up on construction. It took a long time to get from living in a van to home ownership. It used to not be unusual for kids to stay home, and build a house on family property, or take over the family business or home at some point. I think that is a way better concept then get out a build your self up from nothing every generation. A lot of the blue collar folks I know who are pretty well off on an average wage, got some family help along the way. Parents helping with a down payment, a place to live while the kid saved, a piece of ground to put a trailer on and then build, inheritance, pay for college, etc.. The best way to help set your kid up for success is instill a work ethic and help them stay out of debt when they are getting started. Just because a lot of us did the roommate thing, doesn't mean it is the right/best way to start off. On the flip side, if the kid is t working to better themselves, kick them out. Some folks the only way they learn is the hard way my son is turning 25 in November and plans to buy his first home place early next year. Has saved for 20% down and some remodeling money. He was only been able to do it by staying with us for 3 years after college. His GF will move in with him and pay half of the mortgage. I don't mind it at all! |
IDF, A.A. 215, "Scorpion" Company. 1993-1996
|
Originally Posted By jeepnik: So, all this noise about RETURNING to the way things were a few generations ago. Granted it was mostly in agricultural areas, but multigenerational homes are nothing new. In fact, separating generations by living in separate homes is the anomaly. Yeah interesting. My mom kicked me out at 18 and now lives in my house. Seems the boomers wanted us out but now don't want to die in a nursing home. I guess they'll win both ways. |
|
Originally Posted By Samal: This to a tee! my son is turning 25 in November and plans to buy his first home place early next year. Has saved for 20% down and some remodeling money. He was only been able to do it by staying with us for 3 years after college. His GF will move in with him and pay half of the mortgage. I don't mind it at all! If everyone has their kids live with them until their 30s so they can afford a costly home the demand will stay the same. If people weren’t able to do this the housing prices would eventually become more affordable for whatever the wages young people were making. |
|
Originally Posted By 0311SKI: You'll have to come to grips with the fact that not everyone gives a shit about being a millionaire at 50. Originally Posted By 0311SKI: Originally Posted By StevenH: Originally Posted By Ruin: Originally Posted By StevenH: You’re not that much younger than me. The world I grew up in has changed very little. It seems from this thread the younger generations have inflated expectations. You can still afford the kind of homes I grew up in and you don’t need a six figure job to do it. 2 things can be true. Is there some kind of entitlement? Yes. Is the market an unaffordable mess? Yep. Republicans better understand it and quick before the DSA gets it figured out and boomers might wanna recognize drastically changed market conditions. I should start a thread on how to preserve or enhance home value. Tomorrow, perhaps. I should start a thread on how to become a millionaire by 50 with a just high school diploma and working only 40-hours a week. Nah, it doesn’t need a thread. Everyone knows how to do it, they are just not willing to do it. The kids are too good (fancy) for a frugal lifestyle. You'll have to come to grips with the fact that not everyone gives a shit about being a millionaire at 50. Having a million in your 401k at 50 is pretty easy I’m 52 and I know this as fact. I’m not sure if that’s what he means by being a millionaire at 50 though. One of the last boomers at work is set to retire. I like the guy we talk a lot and borrow tools from each other outside of work. He does fit the stereotype of boomers though. He literally watches paint dry. We both started at the bottom here. He did 6 months on that physical job before getting his current job. He sits in a chair and watches an automatic paint system. He pushed a button to accept the next formula as parts move along a line. The formulas were done by engineers. He has an assistant that mixes paint and changes it out for him. If it doesn’t work right he pushes the stop button and calls us to fix it. Then he hits the green button to go again. He makes good money but still bitches that others like maintenance make more lol. He has done this same job for about 40 years and of course has a fat gut lol. He also always mentions how younger generations need to pull up their bootstraps lol. His most common saying is fuck em I got mine they aren’t my problem when talking about social security etc. My two direct coworkers are 32 and 18 both phenomenal workers I trained them both. Their problem with boomers is they inherited a world better than their parents had and left the world worse than it was when they came into being adults while saying fuck everyone that comes after them. I’m 52 and on the side of the 32 and 18 year old in this case. |
Member
Joined:
Dec 2023
Posts:
9428
EE: 0% (0)
MI, USA
|
Originally Posted By lefty-weaver-g19: Having a million in your 401k at 50 is pretty easy I’m 52 and I know this as fact. I’m not sure if that’s what he means by being a millionaire at 50 though. One of the last boomers at work is set to retire. I like the guy we talk a lot and borrow tools from each other outside of work. He does fit the stereotype of boomers though. He literally watches paint dry. We both started at the bottom here. He did 6 months on that physical job before getting his current job. He sits in a chair and watches an automatic paint system. He pushed a button to accept the next formula as parts move along a line. The formulas were done by engineers. He has an assistant that mixes paint and changes it out for him. If it doesn’t work right he pushes the stop button and calls us to fix it. Then he hits the green button to go again. He makes good money but still bitches that others like maintenance make more lol. He has done this same job for about 40 years and of course has a fat gut lol. He also always mentions how younger generations need to pull up their bootstraps lol. His most common saying is fuck em I got mine they aren’t my problem when talking about social security etc. My two direct coworkers are 32 and 18 both phenomenal workers I trained them both. Their problem with boomers is they inherited a world better than their parents had and left the world worse than it was when they came into being adults while saying fuck everyone that comes after them. I’m 52 and on the side of the 32 and 18 year old in this case. Attached File Im not crapping on an entire generation, boomer to me is like a fudd. Its a mentality more than anything else. Old or young, I can't stress enough that no one cares how much money you have, it doesn't mean anything. If people want to impress me with how successful they are tell me your kids call and ask how you're doing. IMO the ultimate boomer move is thinking that accumulating wealth should be the top priority in life. |
When the going gets tough, the tough go cyclic.
|
Originally Posted By Ruin: Ok. I’m not arguing stagnate markets no one gives a shit about. Remember, we’re looking for an affordable starter home that’ll appreciate in value. Buying a home that doesn’t appreciate means you might as well rent. You’ve proven distance is cheaper and homes more affordable where there’s: lower liquidity, weaker job access, thin buyer demand and weak housing market appreciation that’s so bad it defeats the purpose of buying a starter home in the first place. Congrats, you’ve discovered a slum town. We had an absolute trash town. The mortgage run up was the best thing that happened to it. Cheap houses brought middle class incomes. The town, which was dead and you didn't walk at night, started building up. Now it is craft beers, boujee resturants, and people walking around enjoying themselves. Many of the welfare rats moved out and the trashed homes got built up considerably. Friend bought her house for peanuts. The street had broken down cars in every other driveway, weeds everywhere, and the old homes were in disrepair. Now the same street looks like it belongs in the Hamptons. |
WTF is up with this bullshit anti-bayo lug crap. Was there a group of irrate japanese guys bonzai charging disabled school children and puppies that I wasn't aware of?
|
Originally Posted By Primetime_1: Yeah interesting. My mom kicked me out at 18 and now lives in my house. Seems the boomers wanted us out but now don't want to die in a nursing home. I guess they'll win both ways. Originally Posted By Primetime_1: Originally Posted By jeepnik: So, all this noise about RETURNING to the way things were a few generations ago. Granted it was mostly in agricultural areas, but multigenerational homes are nothing new. In fact, separating generations by living in separate homes is the anomaly. Yeah interesting. My mom kicked me out at 18 and now lives in my house. Seems the boomers wanted us out but now don't want to die in a nursing home. I guess they'll win both ways. You should have suggested she got an apartment, with some roommates! |
Not everyone gets to be an astronaut, the world needs pole dancers too. ~Observer