Nearly half of adults under 30 live with their parents (Page 4 of 6)
|
Originally Posted By Lou_Daks: Ain't nobody yelling. You confuse my DGAF with yelling. Joke's on you, bub. Originally Posted By Lou_Daks: Originally Posted By The_Master_Shake: https://media2.giphy.com/media/lSDFetrqeeY0rCi3Ss/200.webp?cid=8dc8958czooz41tchhkmqgaeadvva2lqxq5hggaojvfjv9s2&ep=v1_gifs_search&rid=200.webp&ct=g Ain't nobody yelling. You confuse my DGAF with yelling. Joke's on you, bub. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By Glocked: Those starter houses get bought up by companies because the young couples can’t compete with them, not necessarily because there’s no demand for them. That really only leaves two choices, over paying to compete for a house, or buying ones that are actually being built(fancy houses loaded with more premium features). Originally Posted By Glocked: Originally Posted By JaredGrey: I lived with my parents into my twenties. I did buy a starter house for my fiancee, which I fixed up and then moved into after we got married. $5k away from paying it off. Starter houses today aren't in demand by young people / new families anymore. Around me they get bought up by corporations and turned into rentals, or if they're big enough, bought up and turned into multi families which usually go to house more than a dozen Latinos (speaking from professional experience canvassing). The young people / families want something bigger than the economical 2 bedroom 1 bath starter home in an old neighborhood. They want a 250-300k house without building up to it over years. So the state homes go to Blackrock or whatever, or get demolished because corporations 2k miles away make crappy landlords and they get condemned by local government when the mid level property manager doesn't give a damn about drugs and porches rotting off or 87 police calls a month. Which is not at all to say that the housing marked isn't totally screwed...but the above is why it's screwed. Corporations (unless it's some LLC that mom and pop made for their 3 retirement passive income rentals) shouldn't be buying starter homes, much less 50 of them. Local governments should be doing more to take care of and beautify their older neighborhoods where new home buyers should be able to afford to live. And young people shouldn't expect that starting out in an HR Generalist role for XYZ startup is going to get them the glamorous apartment downtown or the 6 bedroom cookie cutter house in the suburbs. We're witnessing the culmination of a lot of bad policies, from bad education, to lack of policing, to bad parenting, to bad city planning, to bad corporate behavior. Yknow what would help? Deporting 30mil illegals (and 80mil democrats). That would free up a bunch of jobs and houses. Those starter houses get bought up by companies because the young couples can’t compete with them, not necessarily because there’s no demand for them. That really only leaves two choices, over paying to compete for a house, or buying ones that are actually being built(fancy houses loaded with more premium features). Which is why I said that corporations shouldn't be buying starter homes, and local governments shouldn't be neglecting those neighborhoods until they fall apart. There's also the misperception that starter homes are beneath the young adults today. Everyone wants upper middle class with two new vehicles and a vacation every year right out of college. No one wants to buy a 125yo house, and renovate it piece by piece. I've seen it okay out over and over again. Or maybe my little corner of Wisconsin is just an oddity. The flip side of that is young adults with malaise who are content to work part time, smoke weed full time, and look at buttsholes on Onlyfans for $9.99 per month, on a brand new iPhone every year. It boils down to the culture has failed the youth, and now we're seeing that manifest in a multiplicity of unpleasant ways. |
|
Originally Posted By Lou_Daks: Newsflash: There has never been a time when "everyone is in the same boat." Originally Posted By Lou_Daks: Originally Posted By RolandofGilead: I'm not either, and like you am a millennial doing quite well. I'm just not so naive and clueless to assume everyone is in the same boat. Newsflash: There has never been a time when "everyone is in the same boat." |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By HRoark87: You have have stated numerous times that you started buying real estate at the beginning of a credit cycle, when rates were high and values were low. As rates went down to historic lows the value of your equity went to historic highs. Young people are looking to buy during the end of a credit cycle. Look at the ten year yield just today. Real estate advice from 1980 is not relevant today. I am both happy for your hardwork and ability to capitalize on these trends and sympathetic for the 30 year old, who missed out on the chance. Roommates and rent-splitting have never not been a thing, even when I started out. It was just what we did. |
|
I lived in a 30' trailer. I bought a 30' X 30' house a few years later. I would have lived in the back of my truck before I moved into my parents house. |
"Major, with the weapon shops out of the way we can introduce steadying laws that could not be flouted." -A.E. Van Vogt 1951
|
Originally Posted By RolandofGilead: Math is the same, and if you'd do some you'd understand the soaring cost of housing (and everything else) and stagnant wages. How do you not see this? As a self proclaimed mathologist you'd think it would be an easy concept to grasp. Rent is still being charged. Somebody is living in those apts. How people go about paying that rent has never changed. Math: Two people living in an apt. cost 1/2 per person what one person pays. Regardless of what that rent is. Three people in the apt. is 1/3 per person what 1 person pays. Rinse repeat. This isn't hard unless you're a modern graduate of public schools. |
|
Originally Posted By Lou_Daks: Roommates and rent-splitting have never not been a thing, even when I started out. It was just what we did. Originally Posted By Lou_Daks: Originally Posted By HRoark87: You have have stated numerous times that you started buying real estate at the beginning of a credit cycle, when rates were high and values were low. As rates went down to historic lows the value of your equity went to historic highs. Young people are looking to buy during the end of a credit cycle. Look at the ten year yield just today. Real estate advice from 1980 is not relevant today. I am both happy for your hardwork and ability to capitalize on these trends and sympathetic for the 30 year old, who missed out on the chance. Roommates and rent-splitting have never not been a thing, even when I started out. It was just what we did. Me too. My buddy and I had a place with actual prostitutes walking around outside. That's not what we're talking about. It's the ability for a 25 - 30 year old college graduate or tradesman to buy a house or afford rent, even with a roommate. |
|
Originally Posted By PeoplesRepublicOfIL: https://www.marketwatch.com/story/nearly-half-of-adults-under-30-live-with-their-parents-the-financial-fallout-could-last-for-decades-5d9f059d Opinion: Nearly half of adults under 30 live with their parents. The financial fallout could last for decades. Childhood homes are the new ‘first apartment Millennials came of age watching shows like “Friends” and “New Girl” that often featured 20- and 30-somethings living in their first apartments. The characters’ parents may have visited and participated in the story lines, but these young adults were living independently. Yet it doesn’t seem a coincidence to me that one newer show that caters to Generation Z, “Adults,” has a group of friends living rent-free in one of the character’s childhood home. |
|
My sons still do at 24. They are making money. They are saving quite a bit. They are actually a lot more interesting and useful than when they were teens. Some day they will move out but it will be from a position of strength, not necessity. I don't worry much about house rules and shit because they are well-adjusted and functional young men. They are not mooching. Everyone carries their weight and we generally get along very well. |
|
Originally Posted By HRoark87: Me too. My buddy and I had a place with actual prostitutes walking around outside. That's not what we're talking about. It's the ability for a 25 - 30 year old college graduate or tradesman to buy a house or afford rent, even with a roommate. So, who is living in all those occupied apartments? And if the renters had a roommate(s), what would their share be? |
|
Originally Posted By Lou_Daks: Rent is still being charged. Somebody is living in those apts. How people go about paying that rent has never changed. Math: Two people living in an apt. cost 1/2 per person what one person pays. Regardless of what that rent is. Three people in the apt. is 1/3 per person what 1 person pays. Rinse repeat. This isn't hard unless you're a modern graduate of public schools. Originally Posted By Lou_Daks: Originally Posted By RolandofGilead: Math is the same, and if you'd do some you'd understand the soaring cost of housing (and everything else) and stagnant wages. How do you not see this? As a self proclaimed mathologist you'd think it would be an easy concept to grasp. Rent is still being charged. Somebody is living in those apts. How people go about paying that rent has never changed. Math: Two people living in an apt. cost 1/2 per person what one person pays. Regardless of what that rent is. Three people in the apt. is 1/3 per person what 1 person pays. Rinse repeat. This isn't hard unless you're a modern graduate of public schools. This is sad. You can do better than this. You're not addressing the problem being discussed. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By Lou_Daks: As will you. Time waits for no man.  Originally Posted By Lou_Daks: Originally Posted By RolandofGilead: You'll DGAF all the way to the nursing home gramps. As will you. Time waits for no man. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By jeepnstein: My sons still do at 24. They are making money. They are saving quite a bit. They are actually a lot more interesting and useful than when they were teens. Some day they will move out but it will be from a position of strength, not necessity. I don't worry much about house rules and shit because they are well-adjusted and functional young men. They are not mooching. Everyone carries their weight and we generally get along very well. This is another way. Good on you for raising good kids. Seriously. Some people don't have the luxury. But the math still stands: Roommates are an easy way to divide the rent. Housing is the single largest living expense by a long shot. Anything that reduces it maximizes the opportunity for later success. This isn't hard. |
|
Originally Posted By Lou_Daks: So, who is living in all those occupied apartments? And if the renters had a roommate(s), what would their share be? Originally Posted By Lou_Daks: Originally Posted By HRoark87: Me too. My buddy and I had a place with actual prostitutes walking around outside. That's not what we're talking about. It's the ability for a 25 - 30 year old college graduate or tradesman to buy a house or afford rent, even with a roommate. So, who is living in all those occupied apartments? And if the renters had a roommate(s), what would their share be? The people living in the occupied apartments are by definition the people not living at home. If there were a lot of unoccupied apartments, this argument would make sense. |
|
Originally Posted By RolandofGilead: I thought you liked math. Simply saying 1/3 of some number you refuse to talk about while also refusing to talk about salaries is absolutely meaningless. This is sad. You can do better than this. You're not addressing the problem being discussed. Salary is irrelevant. Whatever the pay is, reducing housing expense by 1/2 or 2/3 is relevant. Math: Two people making $65k each is $130k household. And their share of the rent is 50%. Huh. If someone has the luxury of living with parents for a while while saving up a down payment, good for them! If not, other measures must be considered. Like roommates. |
|
Originally Posted By wagonwheel1: Isn't this why you had roommates? They don't want room mates anymore, hence the bitching. What they want is a 4000sq foot house right out of school for $50K while they command a salary of $250K a year. |
Liberals are a curious mix of communism and fascism, they want to destroy you but want to use your own money to do it.
I'm getting down to the last box, the others have all been destroyed...
I'm getting down to the last box, the others have all been destroyed...
|
Originally Posted By HRoark87: The people living in the occupied apartments are by definition the people not living at home. If there were a lot of unoccupied apartments, this argument would make sense. The point, you missed it. Living at home is just one way to save up. But MOST people can't do that for a variety of reasons. Roommates are the best option for them. |
|
Originally Posted By scrambler28: My kid is mid 20's and lives with us. He has a full time job, his own car and insurance. Our house is big and he's a good kid. He's stacking cash. No skin off our ass, we are glad to help, why not? "Stacking cash" is key here. Good on him. He will do fine. Keep stacking that cash, kiddo. |
|
Originally Posted By Lou_Daks: Salary is irrelevant. You're hopelessly out of touch. Ignoring all the facts that show what a shit show the housing market is so you can stomp your feet about roommates. Boomers are so out of touch they'd advocate for Soviet style living before admitting the economy is fucked and young people have it worse than they did. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By RolandofGilead: My wife grew up in the Soviet union, where entire families shared one room and shared a bathroom with other families. I can't believe these spoiled shits think they deserve better than communist peasants. Crazy. Originally Posted By RolandofGilead: Originally Posted By Torf: My step-daughter is a freshman in college and is stuck in a crappy dorm. She's having a meltdown because she doesn't have any space, doesn't have her own bathroom, and had difficulty dealing with roommate stuff. It seems, supported by comments and evidence, that she believes she deserves a lot better. She wants her own room, her own bathroom, and about $500 a month to spend on anything she WANTS (not needs). If she is any indication of the typical zoomer, I don't have a lot of sympathy. On the other hand I have a daughter and two sons who are either happily in college or living on their own. Oldest is 25, successful and bought a townhouse in Co. Spgs. so I know it's not universal. I can't believe these spoiled shits think they deserve better than communist peasants. Crazy. Sometimes you "Luxury Kid" advocates make me shake my head. |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
|
Originally Posted By perfectsilence: Lots of GD superparents who hate their kids guts and can't wrap their heads around being able to live with their children for 5 seconds after their 18th birthday will seethe in this thread  I think In South Korea young adults live at home until they marry. |
|
Originally Posted By Torf: It's as absurd to compare the Soviet Union with a freshman dormitory. Sometimes you "Luxury Kid" advocates make me shake my head. Originally Posted By Torf: Originally Posted By RolandofGilead: Originally Posted By Torf: My step-daughter is a freshman in college and is stuck in a crappy dorm. She's having a meltdown because she doesn't have any space, doesn't have her own bathroom, and had difficulty dealing with roommate stuff. It seems, supported by comments and evidence, that she believes she deserves a lot better. She wants her own room, her own bathroom, and about $500 a month to spend on anything she WANTS (not needs). If she is any indication of the typical zoomer, I don't have a lot of sympathy. On the other hand I have a daughter and two sons who are either happily in college or living on their own. Oldest is 25, successful and bought a townhouse in Co. Spgs. so I know it's not universal. I can't believe these spoiled shits think they deserve better than communist peasants. Crazy. Sometimes you "Luxury Kid" advocates make me shake my head. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By Lou_Daks: The point, you missed it. Living at home is just one way to save up. But MOST people can't do that for a variety of reasons. Roommates are the best option for them. Originally Posted By Lou_Daks: Originally Posted By HRoark87: The people living in the occupied apartments are by definition the people not living at home. If there were a lot of unoccupied apartments, this argument would make sense. The point, you missed it. Living at home is just one way to save up. But MOST people can't do that for a variety of reasons. Roommates are the best option for them. The 50% living at home have that option, by definition. These are the individuals, who are the subject of this thread. We have tried to lay out some of the economic fundamentals, which have caused this shift. It just results in the same "I'm awesome at life and they suck" mentality. The people who are explaining this to you are most likely successful and not living with their parents. We can just see some of the challenges that younger people are facing. |
|
One son bought his first house at 28, daughter and her husband bought a house in their mid 20s after spending six years in Europe. All my kids left home before 21 via the military, the best start for a kid honestly. Serve a few years and get college for free, plus no down payment VA home loans. I make all my kids serve, daughter is on the deans list at Kent State. College is paid for. Had those kids at home went in the military, perhaps they wouldn't be home still on Moms tit. |
|
50% of 18-30 year olds live at home? Including the 18-23/24 year olds that are nearly all attending school while the rest save up for a place? YOU DON'T SAY! |
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 MaxSpeed74: I lived in a 30' trailer. I bought a 30' X 30' house a few years later. I would have lived in the back of my truck before I moved into my parents house. I moved out of my parents house when I got married my second year of college. The marriage failed a couple of years later, I should have listened to those advising against it. I literally lived in my truck for a while until I could find an apartment I could afford. There was a gym at the plant where I worked so I showered there and washed my clothes at a laundromat. The only time I slept under my parents roof after leaving was for a week after I moved back to Georgia from out west, I slept on the couch. Wound up with 3 roommates renting an old house after a week, still had to work 2 jobs to make ends meet. |
Life's battles don't always go to the stronger or faster man. In the end, the one who wins is the one who thinks he can! - SCI, NRA
Team Ranstad
Team Ranstad
|
Originally Posted By RolandofGilead: Yeah, that was less of a response to you and more to the boomers who think everyone should get 10 roommates instead of admitting the housing market is fucked. Originally Posted By RolandofGilead: Originally Posted By Torf: Originally Posted By RolandofGilead: Originally Posted By Torf: My step-daughter is a freshman in college and is stuck in a crappy dorm. She's having a meltdown because she doesn't have any space, doesn't have her own bathroom, and had difficulty dealing with roommate stuff. It seems, supported by comments and evidence, that she believes she deserves a lot better. She wants her own room, her own bathroom, and about $500 a month to spend on anything she WANTS (not needs). If she is any indication of the typical zoomer, I don't have a lot of sympathy. On the other hand I have a daughter and two sons who are either happily in college or living on their own. Oldest is 25, successful and bought a townhouse in Co. Spgs. so I know it's not universal. I can't believe these spoiled shits think they deserve better than communist peasants. Crazy. Sometimes you "Luxury Kid" advocates make me shake my head.  It does stand to reason that kids could seek roommates to help them afford housing while they are single. That's pretty basic. I'd never say 10. Maybe 1-2? What's rent where you are? Around here people can have decent clean 2 bedroom apartments for $1000-$1300 monthly, and all within 15 minutes of a good career. My background had plenty of dorms, shared apartments, and living places that were "more affordable". To have someone feel entitled to skip not just the inconvenience, but also the effort is reproachable. Even still it's hard for a jobless freshman to afford a full year commitment on a place like that. My hope is that by the time she endures the challenges of dorm living and moves up a bit before graduation, getting a 2 bedroom apartment with a roommate won't feel "unreasonable". |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
|
Originally Posted By fdawg: It's not that starter homes aren't demanded it's it's that there is no profitability in them, my friend is a builder and he says that on average it's about 30% in impact fees and permits per unit. At that point it just makes sense to build bigger so that there is a margin of profitability built-in. Originally Posted By fdawg: Originally Posted By JaredGrey: I lived with my parents into my twenties. I did buy a starter house for my fiancee, which I fixed up and then moved into after we got married. $5k away from paying it off. Starter houses today aren't in demand by young people / new families anymore. Around me they get bought up by corporations and turned into rentals, or if they're big enough, bought up and turned into multi families which usually go to house more than a dozen Latinos (speaking from professional experience canvassing). The young people / families want something bigger than the economical 2 bedroom 1 bath starter home in an old neighborhood. They want a 250-300k house without building up to it over years. So the state homes go to Blackrock or whatever, or get demolished because corporations 2k miles away make crappy landlords and they get condemned by local government when the mid level property manager doesn't give a damn about drugs and porches rotting off or 87 police calls a month. Which is not at all to say that the housing marked isn't totally screwed...but the above is why it's screwed. Corporations (unless it's some LLC that mom and pop made for their 3 retirement passive income rentals) shouldn't be buying starter homes, much less 50 of them. Local governments should be doing more to take care of and beautify their older neighborhoods where new home buyers should be able to afford to live. And young people shouldn't expect that starting out in an HR Generalist role for XYZ startup is going to get them the glamorous apartment downtown or the 6 bedroom cookie cutter house in the suburbs. We're witnessing the culmination of a lot of bad policies, from bad education, to lack of policing, to bad parenting, to bad city planning, to bad corporate behavior. Yknow what would help? Deporting 30mil illegals (and 80mil democrats). That would free up a bunch of jobs and houses. Not to mention when GD is talking about their own neighborhoods they always want zoning to exclude smaller, cheaper homes to keep the dirty poors out. |
|
Originally Posted By RolandofGilead: Yeah, that was less of a response to you and more to the boomers who think everyone should get 10 roommates instead of admitting the housing market is fucked. Originally Posted By RolandofGilead: Originally Posted By Torf: Originally Posted By RolandofGilead: Originally Posted By Torf: My step-daughter is a freshman in college and is stuck in a crappy dorm. She's having a meltdown because she doesn't have any space, doesn't have her own bathroom, and had difficulty dealing with roommate stuff. It seems, supported by comments and evidence, that she believes she deserves a lot better. She wants her own room, her own bathroom, and about $500 a month to spend on anything she WANTS (not needs). If she is any indication of the typical zoomer, I don't have a lot of sympathy. On the other hand I have a daughter and two sons who are either happily in college or living on their own. Oldest is 25, successful and bought a townhouse in Co. Spgs. so I know it's not universal. I can't believe these spoiled shits think they deserve better than communist peasants. Crazy. Sometimes you "Luxury Kid" advocates make me shake my head. We know it's fvcked too. We also realize that room mates/spouses are ONE of the ways to mitigate the cost of housing. It's always been that way when you are young and fresh out of school. Hell, even the son did it when he took a job out of town. When he moved to Texas for his next job, he was making enough money that renting a place of his own was financially doable. Then he got a nicer one about a year or so later. Funny thing is, talk to most about illegals and they are all for no enforcement, they can't get it into their heads that tens of millions of them are one of the big reason their housing costs are so high. Oh well................ |
Liberals are a curious mix of communism and fascism, they want to destroy you but want to use your own money to do it.
I'm getting down to the last box, the others have all been destroyed...
I'm getting down to the last box, the others have all been destroyed...
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By Torf: Understood. It does stand to reason that kids could seek roommates to help them afford housing while they are single. That's pretty basic. I'd never say 10. Maybe 1-2? What's rent where you are? Around here people can have decent clean 2 bedroom apartments for $1000-$1300 monthly, and all within 15 minutes of a good career. My background had plenty of dorms, shared apartments, and living places that were "more affordable". To have someone feel entitled to skip not just the inconvenience, but also the effort is reproachable. Even still it's hard for a jobless freshman to afford a full year commitment on a place like that. My hope is that by the time she endures the challenges of dorm living and moves up a bit before graduation, getting a 2 bedroom apartment with a roommate won't feel "unreasonable". Originally Posted By Torf: Originally Posted By RolandofGilead: Originally Posted By Torf: Originally Posted By RolandofGilead: Originally Posted By Torf: My step-daughter is a freshman in college and is stuck in a crappy dorm. She's having a meltdown because she doesn't have any space, doesn't have her own bathroom, and had difficulty dealing with roommate stuff. It seems, supported by comments and evidence, that she believes she deserves a lot better. She wants her own room, her own bathroom, and about $500 a month to spend on anything she WANTS (not needs). If she is any indication of the typical zoomer, I don't have a lot of sympathy. On the other hand I have a daughter and two sons who are either happily in college or living on their own. Oldest is 25, successful and bought a townhouse in Co. Spgs. so I know it's not universal. I can't believe these spoiled shits think they deserve better than communist peasants. Crazy. Sometimes you "Luxury Kid" advocates make me shake my head. It does stand to reason that kids could seek roommates to help them afford housing while they are single. That's pretty basic. I'd never say 10. Maybe 1-2? What's rent where you are? Around here people can have decent clean 2 bedroom apartments for $1000-$1300 monthly, and all within 15 minutes of a good career. My background had plenty of dorms, shared apartments, and living places that were "more affordable". To have someone feel entitled to skip not just the inconvenience, but also the effort is reproachable. Even still it's hard for a jobless freshman to afford a full year commitment on a place like that. My hope is that by the time she endures the challenges of dorm living and moves up a bit before graduation, getting a 2 bedroom apartment with a roommate won't feel "unreasonable". I'm not arguing against having roommates as a young person. I'm simply pointing out that there's no good reason a young family shouldn't be able to afford a modest house on one salary. But that's a pipe dream for most these days. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By Caeser2001: Older starter homes in my neighborhood are under 200k. I paid 110k, 8 years ago. Had newer 5 year old hvac, rewired and new elec box, newer windows, newer roof, original hardwood floors redone. Just needed some cosmetic stuff done. Original kitchen, but functional. Edit: not in a bad neighborhood. Typical suburb. Caveat 2/1 and 900 sq feet. 2BR/1 bath starter home built in 1955 in Rolling Meadows, IL that I pass on my commute daily sold for over $250K within the last year. I was interested enough to look it up. |
|
Originally Posted By RolandofGilead: I'm not arguing against having roommates as a young person. I'm simply pointing out that there's no good reason a young family shouldn't be able to afford a modest house on one salary. But that's a pipe dream for most these days. As noted here are many practical reasons why this isn't reality, both on the cost side as well as the lifestyle side of the equation. Inflation happens with expectations as well as with the money supply. We have lavished so much money onto the welfare class, that they pretty much run what used to be the middle class segments of town. |
"This is a free country, and I have the permits, background checks, licenses, and tax receipts to prove it." --Zippster (4/10/13)
|
Originally Posted By RolandofGilead: I'm not arguing against having roommates as a young person. I'm simply pointing out that there's no good reason a young family shouldn't be able to afford a modest house on one salary. But that's a pipe dream for most these days. Choose a better career if you want a stay at home spouse? |
|
Originally Posted By Marie: 2BR/1 bath starter home built in 1955 in Rolling Meadows, IL that I pass on my commute daily sold for over $250K within the last year. I was interested enough to look it up. Originally Posted By Marie: Originally Posted By Caeser2001: Older starter homes in my neighborhood are under 200k. I paid 110k, 8 years ago. Had newer 5 year old hvac, rewired and new elec box, newer windows, newer roof, original hardwood floors redone. Just needed some cosmetic stuff done. Original kitchen, but functional. Edit: not in a bad neighborhood. Typical suburb. Caveat 2/1 and 900 sq feet. 2BR/1 bath starter home built in 1955 in Rolling Meadows, IL that I pass on my commute daily sold for over $250K within the last year. I was interested enough to look it up. A thread last week about this same topic, or similar enough, prompted me to look up the value of the first house I bought. I paid $24.5K for it in 1979, it last sold a year or so ago for $191K. It was a 2/1 mill village house built by Coats & Clark for their employees at the thread mill in 1952. |
Life's battles don't always go to the stronger or faster man. In the end, the one who wins is the one who thinks he can! - SCI, NRA
Team Ranstad
Team Ranstad
|
Originally Posted By Torf: I assume we are talking a decent salary, and not "McDonalds" wages. If so, I agree in principle. As noted here are many practical reasons why this isn't reality, both on the cost side as well as the lifestyle side of the equation. Inflation happens with expectations as well as with the money supply. We have lavished so much money onto the welfare class, that they pretty much run what used to be the middle class segments of town. Originally Posted By Torf: Originally Posted By RolandofGilead: I'm not arguing against having roommates as a young person. I'm simply pointing out that there's no good reason a young family shouldn't be able to afford a modest house on one salary. But that's a pipe dream for most these days. As noted here are many practical reasons why this isn't reality, both on the cost side as well as the lifestyle side of the equation. Inflation happens with expectations as well as with the money supply. We have lavished so much money onto the welfare class, that they pretty much run what used to be the middle class segments of town. |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By wakeboarder: Choose a better career if you want a stay at home spouse? Originally Posted By wakeboarder: Originally Posted By RolandofGilead: I'm not arguing against having roommates as a young person. I'm simply pointing out that there's no good reason a young family shouldn't be able to afford a modest house on one salary. But that's a pipe dream for most these days. Choose a better career if you want a stay at home spouse? |
Your boos mean nothing, I've seen what makes you cheer
|
Originally Posted By wakeboarder: Choose a better career if you want a stay at home spouse? Originally Posted By wakeboarder: Originally Posted By RolandofGilead: I'm not arguing against having roommates as a young person. I'm simply pointing out that there's no good reason a young family shouldn't be able to afford a modest house on one salary. But that's a pipe dream for most these days. Choose a better career if you want a stay at home spouse? Marry a rich lady and be the stay at home spouse? 
|
|
Originally Posted By TinSpinner: A thread last week about this same topic, or similar enough, prompted me to look up the value of the first house I bought. I paid $24.5K for it in 1979, it last sold a year or so ago for $191K. It was a 2/1 mill village house built by Coats & Clark for their employees at the thread mill in 1952. Originally Posted By TinSpinner: Originally Posted By Marie: Originally Posted By Caeser2001: Older starter homes in my neighborhood are under 200k. I paid 110k, 8 years ago. Had newer 5 year old hvac, rewired and new elec box, newer windows, newer roof, original hardwood floors redone. Just needed some cosmetic stuff done. Original kitchen, but functional. Edit: not in a bad neighborhood. Typical suburb. Caveat 2/1 and 900 sq feet. 2BR/1 bath starter home built in 1955 in Rolling Meadows, IL that I pass on my commute daily sold for over $250K within the last year. I was interested enough to look it up. A thread last week about this same topic, or similar enough, prompted me to look up the value of the first house I bought. I paid $24.5K for it in 1979, it last sold a year or so ago for $191K. It was a 2/1 mill village house built by Coats & Clark for their employees at the thread mill in 1952. Yep, that was my thread. The other house I mentioned in the thread was a 1950 brick bungalow in Wyandotte, MI, where an aunt and uncle lived. They were the original owners. It was 3 BR/1 bath. It sold for about $160K last year. Rooms were small. It’s a nice working class suburb of Detroit, Downriver area. These were the type of homes autoworkers raised their families in (uncle worked at a Chrysler plant). Definitely depends on location. |
|
Originally Posted By JestersHK: My oldest graduated college a year early and moved back in with us. She has a great job from a college internship that she works her ass off at and is quickly moving through the ranks. She drives a newer vehicle I bought her when she got a full ride to college. I made that deal with all 3 of my girls. You get a full scholarship I'll buy you a new car come graduation. She and a my other two kids have no idea what it was like growing up dirt poor in the 80's and I hope they don't have to struggle as my wife and I did to makes ends meet. My goals in parenting was for my kids to have better than I had growing up and to never have to go to bed hungry. She could move out right now financially, but her boyfriend is still in school and honestly it's nice having here around again after living away for school. My middle daughter will likely move out next year wherever her Marine boyfriend ends up stationed, but we'd take them both in if needed in a heartbeat. We don't coddle our kids. They all have gotten jobs at 15 or 16 and all have good work ethics. Are they spoiled by most terms? Absolutely. They also realize how good they have it and are appreciative of what the wife and I provided for them. I wish my eldest hadn’t moved out. She had to get a roommate and the roommate flaked out to move away with her boyfriend. I miss her but she’s 20 and wants freedom. It’s not freedom if you’re working all the time to pay rent. |