Nearly half of adults under 30 live with their parents (Page 6 of 8)
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Originally Posted By Jayne_Cobb: Fresh out of college in 2012 I rented a 3 bed 2 bath house for $1400/mo, with a housemate. After utilities, it averaged $800/mo. Great value! Additional housemates increased the base rent by $500 per person... In 2020 when I moved, the base rent was $2000/mo, and I had FIVE housemates. After utilities (tripled consumption), it averaged ...$750/mo. So, in just 8 years the same money (minus a tank of gas) only got me 1/3 as much house. Today, that house rents for $2500/mo. So, in 8 years (2012-2020) your base cost increased by $250/mo. I'm not afraid to admit I'm just a little jelly. 
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Originally Posted By RolandofGilead: The big picture though is that there aren't many places like that, and there is no good reason why people should have to search so hard for affordable housing- or uproot their entire family to afford a house. Are there ways to survive and have shelter? Yes, of course! But that's not really the point. Many of us simply recognize that it's much harder now that 1. it used to be and 2. it needs to be, and don't blame younger generations for bitching about it. Hell, I do pretty well for myself now and even I'm not sure if I'm going to be able to live where I want when I retire which is nowhere fancy, and certainly not a place that is considered HCOL but here we are. That'll be a real bummer after having not lived where I want for the vast majority of my adult life. My recent personal anecdote of my daughter complaining about living standards in the dorm are only part of the equation. She spends money almost as fast as she makes it, on hair, nails, fast food, drinks from Starbucks, gifts for her close friends, dining out, etc. Then she takes frequent mental health days from a great job that pays $19 an hour (8hrs x $19 = $152 lost for the day). She made well over $5,000 this summer and by the 4th week of freshman year she only had a grand in the bank. It's just very frustrating because she has all the tools she needs, and all the opportunities she could want for her stage of life, yet she's miserable that she has two roommates and a communal bathroom in a freshman dorm. We asked her what she wanted and she said she needed her own space, which we later figured out consisted of her own bedroom and bathroom, and an in room kitchenette so she could have an oven, microwave and an air fryer. "I'm sorry, my dear. You can't have those things yet, but lets make a plan to get there in the next couple years." Nope! She deserves it now! It's amazing that she could probably get started on saving now, getting on lists for alternative housing for sophomore year, and seeking out quiet and solitary places on campus, but she doesn't want to talk about that. That's the baggage I bring into these discussions. |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
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Originally Posted By 0311SKI: Awesome  Sounds like you've given them a great starting point that'll open up all sorts of options down the road. |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
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Originally Posted By 0311SKI: Sure did https://media3.giphy.com/media/6pUjuQQX9kEfSe604w/200.webp?cid=8dc8958chvopu9w9hwvxqwwi1vnqbbn8hxbf8h9f9jy2opsa&ep=v1_gifs_search&rid=200.webp&ct=g On the other hand, the amount of seniors moving in with their kids has doubled the last 30 years (7 up to 14%), so as average birth age increases it will be indistinguishable whether its kids living with parents, or parents living with kids. This... my mom lives in my house (and entire separate house... for free). Lots of this going on behind the scenes from unprepared boomers. |
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Originally Posted By Torf: I don't disagree. My perspective is that of a parent since that's my role right now. From my standpoint as a father, kids often need help or advice as they struggle towards independence. Too often I get the "it's too hard" line, but no corresponding "here's my plan" reasoning. My recent personal anecdote of my daughter complaining about living standards in the dorm are only part of the equation. She spends money almost as fast as she makes it, on hair, nails, fast food, drinks from Starbucks, gifts for her close friends, dining out, etc. Then she takes frequent mental health days from a great job that pays $19 an hour (8hrs x $19 = $152 lost for the day). She made well over $5,000 this summer and by the 4th week of freshman year she only had a grand in the bank. It's just very frustrating because she has all the tools she needs, and all the opportunities she could want for her stage of life, yet she's miserable that she has two roommates and a communal bathroom in a freshman dorm. We asked her what she wanted and she said she needed her own space, which we later figured out consisted of her own bedroom and bathroom, and an in room kitchenette so she could have an oven, microwave and an air fryer. "I'm sorry, my dear. You can't have those things yet, but lets make a plan to get there in the next couple years." Nope! She deserves it now! It's amazing that she could probably get started on saving now, getting on lists for alternative housing for sophomore year, and seeking out quiet and solitary places on campus, but she doesn't want to talk about that. That's the baggage I bring into these discussions. "Welcome to the party, pal." Seriously, we didn't even consider "my own space" at uni. The men's shower was communal, like the .mil. It was nice just to have a place with hot running water to get clean after working out or whatever. <--- Three years in the dorm. BTDT. |
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Originally Posted By Primetime_1: This... my mom lives in my house (and entire separate house... for free). Lots of this going on behind the scenes from unprepared boomers. My goal in life is to not be a burden on the offspring, that I pay my freight while I'm here, and I leave a nice nestegg when I'm gone. The last one is optional. |
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Originally Posted By AJE: My kids are teenagers but I'd rather them stick around at home longer and save some money than feel like they need to go rent somewhere just to get out of the house. |
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I thought I was covered for 22 cans, but the NFAids is a bitch when it mutates - themagikbullet
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Originally Posted By ZF-1: Average one bedroom apart costs in Atlanta to range from 1500-2100 per month. Just saying it's expensive everywhere. I once shared an apartment with 7 people because we were barely making any money... I just signed a lease on a 6-bedroom, 3.5 bath for $3,200. Split 6 ways it would be pretty affordable |
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Originally Posted By Lou_Daks: "Welcome to the party, pal." Seriously, we didn't even consider "my own space" at uni. The men's shower was communal, like the .mil. It was nice just to have a place with hot running water to get clean after working out or whatever. <--- Three years in the dorm. BTDT. Originally Posted By Lou_Daks: Originally Posted By Torf: I don't disagree. My perspective is that of a parent since that's my role right now. From my standpoint as a father, kids often need help or advice as they struggle towards independence. Too often I get the "it's too hard" line, but no corresponding "here's my plan" reasoning. My recent personal anecdote of my daughter complaining about living standards in the dorm are only part of the equation. She spends money almost as fast as she makes it, on hair, nails, fast food, drinks from Starbucks, gifts for her close friends, dining out, etc. Then she takes frequent mental health days from a great job that pays $19 an hour (8hrs x $19 = $152 lost for the day). She made well over $5,000 this summer and by the 4th week of freshman year she only had a grand in the bank. It's just very frustrating because she has all the tools she needs, and all the opportunities she could want for her stage of life, yet she's miserable that she has two roommates and a communal bathroom in a freshman dorm. We asked her what she wanted and she said she needed her own space, which we later figured out consisted of her own bedroom and bathroom, and an in room kitchenette so she could have an oven, microwave and an air fryer. "I'm sorry, my dear. You can't have those things yet, but lets make a plan to get there in the next couple years." Nope! She deserves it now! It's amazing that she could probably get started on saving now, getting on lists for alternative housing for sophomore year, and seeking out quiet and solitary places on campus, but she doesn't want to talk about that. That's the baggage I bring into these discussions. "Welcome to the party, pal." Seriously, we didn't even consider "my own space" at uni. The men's shower was communal, like the .mil. It was nice just to have a place with hot running water to get clean after working out or whatever. <--- Three years in the dorm. BTDT. "I want my own bathroom". Sure hon. Ever see a two bedroom, two bathroom apartment? |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
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Originally Posted By StevenH: I just signed a lease on a 6-bedroom, 3.5 bath for $3,200. Split 6 ways it would be pretty affordable Originally Posted By StevenH: Originally Posted By ZF-1: Average one bedroom apart costs in Atlanta to range from 1500-2100 per month. Just saying it's expensive everywhere. I once shared an apartment with 7 people because we were barely making any money... I just signed a lease on a 6-bedroom, 3.5 bath for $3,200. Split 6 ways it would be pretty affordable |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
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Originally Posted By Torf: I don't disagree. My perspective is that of a parent since that's my role right now. From my standpoint as a father, kids often need help or advice as they struggle towards independence. Too often I get the "it's too hard" line, but no corresponding "here's my plan" reasoning. My recent personal anecdote of my daughter complaining about living standards in the dorm are only part of the equation. She spends money almost as fast as she makes it, on hair, nails, fast food, drinks from Starbucks, gifts for her close friends, dining out, etc. Then she takes frequent mental health days from a great job that pays $19 an hour (8hrs x $19 = $152 lost for the day). She made well over $5,000 this summer and by the 4th week of freshman year she only had a grand in the bank. It's just very frustrating because she has all the tools she needs, and all the opportunities she could want for her stage of life, yet she's miserable that she has two roommates and a communal bathroom in a freshman dorm. We asked her what she wanted and she said she needed her own space, which we later figured out consisted of her own bedroom and bathroom, and an in room kitchenette so she could have an oven, microwave and an air fryer. "I'm sorry, my dear. You can't have those things yet, but lets make a plan to get there in the next couple years." Nope! She deserves it now! It's amazing that she could probably get started on saving now, getting on lists for alternative housing for sophomore year, and seeking out quiet and solitary places on campus, but she doesn't want to talk about that. That's the baggage I bring into these discussions. |
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Originally Posted By Torf: This is where my head always goes. The only issue is navigating roommate selection and the logistics of the lease. Originally Posted By Torf: Originally Posted By StevenH: Originally Posted By ZF-1: Average one bedroom apart costs in Atlanta to range from 1500-2100 per month. Just saying it's expensive everywhere. I once shared an apartment with 7 people because we were barely making any money... I just signed a lease on a 6-bedroom, 3.5 bath for $3,200. Split 6 ways it would be pretty affordable Really one person needs to run the show and rent to friends. When my daughter went to college it made a lot more sense for me to buy a 4 bedroom house close to campus for her to live in and rent out the extra bedrooms to her friends than wasting money on student housing. Her roommates cover the mortgage payment. She gets free housing while I build equity |
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Originally Posted By jim02: Maybe this will help with generational care coming back to the family. It would allow for a higher standard of living for all involved. We take care of my MIL, in a house originally purchased by her mother (my GMIL) and her ex-husband. It afforded my wife to be a SAHM for 10 years. The house is paid off and too big for just my MIL, so why not? |
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Originally Posted By Torf: I did three years in a dorm as well. Same shower situation as you. Freshman and Sophomore years were awesome. We had some great guys and the younger freshmen were great. My junior year was different. Most of the seniors moved off-campus, and the incoming freshmen were lame. The entire experience changed and my roommate and I decided we'd try for an apartment our senior year, which we did. It was awesome! "I want my own bathroom". Sure hon. Ever see a two bedroom, two bathroom apartment? Originally Posted By Torf: Originally Posted By Lou_Daks: Originally Posted By Torf: I don't disagree. My perspective is that of a parent since that's my role right now. From my standpoint as a father, kids often need help or advice as they struggle towards independence. Too often I get the "it's too hard" line, but no corresponding "here's my plan" reasoning. My recent personal anecdote of my daughter complaining about living standards in the dorm are only part of the equation. She spends money almost as fast as she makes it, on hair, nails, fast food, drinks from Starbucks, gifts for her close friends, dining out, etc. Then she takes frequent mental health days from a great job that pays $19 an hour (8hrs x $19 = $152 lost for the day). She made well over $5,000 this summer and by the 4th week of freshman year she only had a grand in the bank. It's just very frustrating because she has all the tools she needs, and all the opportunities she could want for her stage of life, yet she's miserable that she has two roommates and a communal bathroom in a freshman dorm. We asked her what she wanted and she said she needed her own space, which we later figured out consisted of her own bedroom and bathroom, and an in room kitchenette so she could have an oven, microwave and an air fryer. "I'm sorry, my dear. You can't have those things yet, but lets make a plan to get there in the next couple years." Nope! She deserves it now! It's amazing that she could probably get started on saving now, getting on lists for alternative housing for sophomore year, and seeking out quiet and solitary places on campus, but she doesn't want to talk about that. That's the baggage I bring into these discussions. "Welcome to the party, pal." Seriously, we didn't even consider "my own space" at uni. The men's shower was communal, like the .mil. It was nice just to have a place with hot running water to get clean after working out or whatever. <--- Three years in the dorm. BTDT. "I want my own bathroom". Sure hon. Ever see a two bedroom, two bathroom apartment? The dorms weren't bad. You learn to ignore the Indian guy in the stall next to you making a long distance phone call and stinking up the place with digested curry and BO. |
We're getting close, real close. And now for some more bad news... Ready?
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Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. |
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I have a real simple solution for the younger folks. Go active duty. Save money...don't blow it on sneakers or women and whiskey. Get an apartment or trailer starting out if you have to (with roommates). Use the VA home loan to secure your first mortgage or save like a madman while on active duty and buy some land. Pay the first three years of your mortgage using BAH from your post 9/11 GI bill or if you can...buy a home while on active duty and getting BAH. Maybe move to a different state but don't live with Mom and Dad longer than a very temporary stay. These steps involve action. If you want to whine about other people getting all the success, continue to moan and groan in another Arfcom Democratic Socialist GD thread. |
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Originally Posted By J_Smith: I have a real simple solution for the younger folks. Go active duty. Save money...don't blow it on sneakers or women and whiskey. Get an apartment or trailer starting out if you have to (with roommates). Use the VA home loan to secure your first mortgage or save like a madman while on active duty and buy some land. Pay the first three years of your mortgage using BAH from your post 9/11 GI bill or if you can...buy a home while on active duty and getting BAH. Maybe move to a different state but don't live with Mom and Dad longer than a very temporary stay. These steps involve action. If you want to whine about other people getting all the success, continue to moan and groan in another Arfcom Democratic Socialist GD thread. I followed a somewhat similar route (except blowing money on whiskey and woman, no regrets). It definitely has its benefits. Im not opposed to it by any means, and wouldn't rule it out for my kid. But thats not the right path for everybody, and until we go full Starship Troopers im not a fan that military service should be the most viable pathway to home ownership. |
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Originally Posted By SubversiveSammich: Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. lol Don't think so sunnyboi. Why? Because your grandma would find out and she would beat you with her cane, kick you in the nuts with her club foot, and tell you to go clean your room. or You could grow a pair, skip the voting nonsense, and come take it yourself.  Also, we note your username. If you really wanted to be "subversive" you could buy a membership. It would be a great first step toward self-sufficiency. |
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Originally Posted By J_Smith: I have a real simple solution for the younger folks. Go active duty. Save money...don't blow it on sneakers or women and whiskey. Get an apartment or trailer starting out if you have to (with roommates). Use the VA home loan to secure your first mortgage or save like a madman while on active duty and buy some land. Pay the first three years of your mortgage using BAH from your post 9/11 GI bill or if you can...buy a home while on active duty and getting BAH. Maybe move to a different state but don't live with Mom and Dad longer than a very temporary stay. These steps involve action. If you want to whine about other people getting all the success, continue to moan and groan in another Arfcom Democratic Socialist GD thread. The .mil is the Great Leveler. It gives zero Fs about class, or race. Errbody gets the same opportunity to succeed or fail. I like the way you think. |
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Originally Posted By J_Smith: I have a real simple solution for the younger folks. Go active duty. Save money...don't blow it on sneakers or women and whiskey. Get an apartment or trailer starting out if you have to (with roommates). Use the VA home loan to secure your first mortgage or save like a madman while on active duty and buy some land. Pay the first three years of your mortgage using BAH from your post 9/11 GI bill or if you can...buy a home while on active duty and getting BAH. Maybe move to a different state but don't live with Mom and Dad longer than a very temporary stay. These steps involve action. If you want to whine about other people getting all the success, continue to moan and groan in another Arfcom Democratic Socialist GD thread. With that said, it really sucks that one of the more realistic ways for a young person to buy a house is through the military. I tend to think that home ownership should be attainable for just about anybody. |
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Originally Posted By RolandofGilead: I'm of two minds on this topic. First, this is of course not bad advice. It's what I did and 4 my adult sons as well. It's been a great career for me and gave my boys the solid start they needed With that said, it really sucks that one of the more realistic ways for a young person to buy a house is through the military. I tend to think that home ownership should be attainable for just about anybody. Home ownership has NEVER been attainable for everyone. In fact, it has been lower in the past. It hovers in the 63-69% range, currently at 65%. The Truth Is Out There. https://fred.stlouisfed.org/series/RHORUSQ156N |
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People who don't go military nowadays absolutely need a real trade or professional degree with a real title. I made a lot of stupid decisions in my 20s. I have made many less than stellar decisions in my 30s and 40s. I don't support a draft. That being said, young people who aren't in line to get a real trade should probably find an MOS, AFSC, or rate that agrees with them. Not everyone is military material but the military has every type of human. Short of being bipolar or openly autistic the military takes most...and some branches apparently even take people on the spectrum now. I had a work ethic and lots of unfocused ambition when I was young. The military probably saved me from jail (some of my friends went that route) -- or best case scenario a HS degree and close to minimum wage forever. I love blue collar work but it's wicked hard to feed a family on unskilled labor. The world has changed. My question for Gen Z -- what are you DOING to better yourself. The one's who are doing the thing to get ahead-- they are not investing all their energy into complaining. A previous poster said it sucks to have to use the military to finance a first mortgage. Welcome to Gen X --or maybe its just a working class thing where you need a VA home loan. I know of very few people who had 20% down for a house. Historically, its been better than an FHA loan. Also, college always used to be a privilege. Everyone today seems to think college and healthcare is a Constitutional right. It's not. |
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Originally Posted By SubversiveSammich: Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. Can we stop paying the social security tax now? |
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Originally Posted By Lou_Daks: Home ownership has NEVER been attainable for everyone. In fact, it has been lower in the past. It hovers in the 63-69% range, currently at 65%. The Truth Is Out There. https://fred.stlouisfed.org/series/RHORUSQ156N |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By runfrumu: It’s easier and makes more sense to wait until you have a husband or wife and then move out and let the gears of daily life grind you to dust. That is the most bizarre thing I've read in a long, long time. I had a crappy apartment and a crappy job, but it was all mine. I went to work, paid my bills and made my own rules. It's fun to sneak girls into your bedroom when you are 16, when you are 19 you feel like a loser. But at 19, if you got your own place, you feel like master of the world. Yes we can fuck in the kitchen. |
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Originally Posted By CashOnlyLargeBills: Location has a lot to do with this. You can get a decent 2br/1ba home in a lot of areas under $200k. But if you want to be in a non-crime riddled neighborhood or 65 miles from a major metropolitan area, you will not find those homes. In the 90s I lived in downtown Ft. Lauderdale, in a pretty heavy crime area. I was making ok money but it's what I had to do to get a down payment on a house in a normal working class neighborhood. |
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Originally Posted By SubversiveSammich: Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. Hopefully you’ll eventually find a job and move you and the kids out of your parent’s house. |
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Originally Posted By RolandofGilead: GD has the weirdest blinders on to the fact that the housing market is complete trash, and has been for some time, with no indication that it's going to let up. The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. |
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Originally Posted By J_Smith: I have a real simple solution for the younger folks. Go active duty. Save money...don't blow it on sneakers or women and whiskey. Get an apartment or trailer starting out if you have to (with roommates). Use the VA home loan to secure your first mortgage or save like a madman while on active duty and buy some land. Pay the first three years of your mortgage using BAH from your post 9/11 GI bill or if you can...buy a home while on active duty and getting BAH. Maybe move to a different state but don't live with Mom and Dad longer than a very temporary stay. These steps involve action. If you want to whine about other people getting all the success, continue to moan and groan in another Arfcom Democratic Socialist GD thread. Yep |
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Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. |
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Originally Posted By RolandofGilead: Yup, and now they deny that the younger generation doesn't have the same advantage. Originally Posted By RolandofGilead: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. Add in a generous helping of resentment for anyone that didn't have to go through the same things they did to become a homeowner. |
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| What do you really think the point of all the screaming to make laws against urban sprawl were really about. It was about locking in real estate as a guaranteed profit engine for decades. The catch is it ends up with more and more adults trapped with their parents. |
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Originally Posted By Bubbles: How many 18-22 are in college so they still use a parent's home address? How many are living at home and paying market rent for a room? How many are unemployed/coasting and living in the basement? That is certainly part of that number. No idea what percentage. I " lived at home" until I was almost 22 years old. Except, I hadn't "lived at home" full time since I was 18. Basically, only came when I was on break, and a handful of random weekends throughout the year. This was over 20 years ago at this point. In fact, on my first summer break from college, working a summer job, going out with friends: I distinctly remember thinking "I can never live with my parents again", because I had become set in my OWN ways. 
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Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. |
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Originally Posted By StevenH: We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. |
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Originally Posted By RolandofGilead: You also took advantage of higher salaries in relation to housing costs. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. |
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Originally Posted By StevenH: Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. Would you be happy if housing prices went way up in your area and you could sell your house someday for a huge profit? That only works if the person buying your house gets a worse deal then you. |
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Originally Posted By Bacon_Grease: That's basically what I did when I bought my house in 2017. One 1250sq ft starter home for a little over 185k. Bought on VA loan for the locked in rate (non-VA rates were lower but I didn't need to put anything down) Not sure what I was actually making but 60k probably isn't far off. The BCBS plan from my work had a $280 premium but was considered good with is relatively high deductibles. I generally buy used vehicles that only net about 100-150 a month in payments (Loan of only 5-10k) That really sucked at the time. The problem for me centers around the expectations we put on people. It was obvious I was barely making it then and compared to others it still looks like I am barely making it. It would be a lot easier to develop a path that looks and feels more sustainable if we normalized a similar life plan on a societal level. But even the people who claim to be responsible here can't help themselves to not flex what they have. |
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Originally Posted By StevenH: Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By RolandofGilead: You also took advantage of higher salaries in relation to housing costs. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Around 10 years ago my wife and I bought this house. Within about 5 years the housing prices in this area went up MASSIVELY. 5 more years still going up, but also, high interest on top of it. An identical couple, with identical jobs as we had 10 years ago, could not afford to buy the house I live in. Period. They wouldn't have been able to buy it 5 years ago either, but it is much worse now. The wife and I could afford to buy our house now, due to raises and promotions etc. But it would significantly change our financial situation to do so. Right now we have "buy anything we want, within reason" money. If we had to buy this house, today, with current prices and interest rates, "big fun purchases" would be much rarer and much more planned out. About 14 years ago my sister was married to a dude. She was the primary breadwinner. They bought a really nice house in a decent area. He turned out to be a shitbag. Divorced about 7 years ago. Sold the house (financially it would have been nice if she could have kept it, but she was worried she couldn't maintain it as a single working woman, and was afraid of shitbird finding excuses to keep coming around). Now she is remarried, has a kid, and they rent a crappy house on a city right on the edge of a shittier city. They cannot afford a house. So its not even people comparing their situation to their parents and grandparents. They are comparing their situation to their older siblings, cousins, and possibly even themselves a decade ago, etc. |
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Los Angeles and suburb cities would have this number at much higher percentage. You can tell by the old houses with at least a half dozen cars parked. I was there last weekend in Garden grove. Friends neighbor house was tiny, probably 1000 sq ft. $1.2 Mil it just closed for, and old piece of shit house with fresh paint. Few young adults have the scratch for that monthly payment. Also, my friends have three adult kids with their wife/girlfriends living with them in their house. It is a thing in major cities. Major cities skew polls, charts, and graphs for such things, just like they do with voting. |
Preferred pronoun: MARINE
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Originally Posted By fatalerror113: Its not even been that long ago since it happened, at least in certain areas. Around 10 years ago my wife and I bought this house. Within about 5 years the housing prices in this area went up MASSIVELY. 5 more years still going up, but also, high interest on top of it. An identical couple, with identical jobs as we had 10 years ago, could not afford to buy the house I live in. Period. They wouldn't have been able to buy it 5 years ago either, but it is much worse now. The wife and I could afford to buy our house now, due to raises and promotions etc. But it would significantly change our financial situation to do so. Right now we have "buy anything we want, within reason" money. If we had to buy this house, today, with current prices and interest rates, "big fun purchases" would be much rarer and much more planned out. About 12 years ago my sister was married to a dude. She was the primary breadwinner. They bought a really nice house in a decent area. He turned out to be a shitbag. Divorced. Now she is remarried, has a kid, and they rent a crappy house on a city right on the edge of a shittier city. They cannot afford a house. So its not even people comparing their situation to their parents and grandparents. They are comparing their situation to their older siblings, cousins, and possibly even themselves a decade ago, etc. Today it's worth 1.2 million. I make significantly more now, and while I may be able to afford it, it would stretch me thin...badly. This is one example showing the larger trend, and it's a problem. |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By RolandofGilead: I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it’s the VA loan help? Maybe it’s the discipline that comes with service? Maybe it’s white privilege or patriarchy. I’m shopping for another house right now. |
Life member of CRPA. FPC contributor.
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Originally Posted By Ulster: Put wheels on it. It's 2026 cabins are out, run down campers are the future. Two words. Mud hut. https://www.instructables.com/How-to-Build-Dirt-Cheap-Houses/ |