Affordability discussion (split from Iran thread)

#26
#26
Ttucke11 said:
I'm going to need you to make some sort of point for me to respond to you in the future.
Click to expand...

I did. The supply of college graduates is greater today than in the 90s. So when you do a comparison on what a college graduates could afford in the 90s vs today, you have to factor that in because supply has a direct impact on wages.

You’re welcome
 
#27
#27
ButchPlz said:
You'd need two incomes based on the average wage for the metro.
Click to expand...

Again, "two incomes" means nothing. Talk in dollars and a family of four could own a decent home and live comfortably (yeah that is subjective) off $80-100K in the counties I listed.
 
#29
#29
Vol8188 said:
I did. The supply of college graduates is greater today than in the 90s. So when you do a comparison on what a college graduates could afford in the 90s vs today, you have to factor that in because supply has a direct impact on wages.

You’re welcome
Click to expand...
Once again irrelevant. You get into this stupid arguments based on semantics. I'll let the math talk. No matter how you dice it, it's much more difficult today. I'm sorry that hurts your feelings so badly.

Average household income
1960 $5,600
1980 $21,000
2000 $42,000
2026 $78,000

Average home cost
1960 $11,900
1980 $47,000
2000 $ 119,000
2026 $ 420,000

Income to price ratio
1960 2.1x
1980 2.2x
2000 2.8x
2026 5.4x

You're welcome. Once again, it's not an argument. Its a fact that younger generations financially have a much tougher time regardless of their financial acumen as base shelter and living costs are much higher than they were in previous decades when accounting for their actual spending power. Not an argument.
 
  • Like
Reactions: NorthDallas40, Matt2496, NashVol11 and 2 others
#30
#30
Ttucke11 said:
Once again irrelevant. You get into this stupid arguments based on semantics. I'll let the math talk. No matter how you dice it, it's much more difficult today. I'm sorry that hurts your feelings so badly.

Average household income
1960 $5,600
1980 $21,000
2000 $42,000
2026 $78,000

Average home cost
1960 $11,900
1980 $47,000
2000 $ 119,000
2026 $ 420,000

Income to price ratio
1960 2.1x
1980 2.2x
2000 2.8x
2026 5.4x

You're welcome. Once again, it's not an argument. Its a fact that younger generations financially have a much tougher time regardless of their financial acumen as base shelter and living costs are much higher than they were in previous decades when accounting for their actual spending power. Not an argument.
Click to expand...

It’s not semantics at all. You’re now arguing a separate point. You were originally discussing college graduate earnings.

I pointed out the obvious that the supply of college graduates has changed significantly. Now you’re pivoting to another intentionally misleading point.

The reason this one is misleading is that “household” is not the same size as it was in 1960. Because when people are wealthier they live in smaller households.

What’s your next misleading stat you want to pivot to?
 
#31
#31
Vol8188 said:
It’s not semantics at all. You’re now arguing a separate point. You were originally discussing college graduate earnings.

I pointed out the obvious that the supply of college graduates has changed significantly. Now you’re pivoting to another intentionally misleading point.

The reason this one is misleading is that “household” is not the same size as it was in 1960. Because when people are wealthier they live in smaller households.

What’s your next misleading stat you want to pivot to?
Click to expand...
Dude you're impossible. You give me the stats I'll show it's 2x harder. Both ways came to the same conclusion you just have a foot thick skull.

I gave you an individual out of college spending power. I gave you multiple generational examples of households spending power country wide. What example would you like that proves your point? I'm more into facts than your feelings.
 
#32
#32
Ttucke11 said:
Dude you're impossible. You give me the stats I'll show it's 2x harder. Both ways came to the same conclusion you just have a foot thick skull.
Click to expand...

You’re comparing different things. You should account for that in your comparison. If households are smaller, that changes household income. If homes are larger today that changes home price. If more homes have central heat and air, etc it significantly changes things.

People today live better than they ever have in this country.
 
#33
#33
Vol8188 said:
You’re comparing different things. You should account for that in your comparison. If households are smaller, that changes household income. If homes are larger today that changes home price. If more homes have central heat and air, etc it significantly changes things.

People today live better than they ever have in this country.
Click to expand...
my 1200 squarefoot house built in 1959 cost me north of 300k. please tell me how my house got bigger or nicer somehow to justify the cost increase.

don't worry, I am sure you can explain to an architect how the same building got sooo much better.

some important caveats. I had to put in about 30k in improvements before I could even move in. Got asbestos removed, repaired damaged foundation, replaced the driveway, and replaced the wiring in about half of the house.

I have sense spent about another 30k in upgrading appliances, buying a new roof, and a number of other updates to get with the time.
 
  • Like
Reactions: Berry4Heisman14, EasternVol, NorthDallas40 and 3 others
#34
#34
LouderVol said:
my 1200 squarefoot house built in 1959 cost me north of 300k. please tell me how my house got bigger or nicer somehow to justify the cost increase.

don't worry, I am sure you can explain to an architect how the same building got sooo much better.

some important caveats. I had to put in about 30k in improvements before I could even move in. Got asbestos removed, repaired damaged foundation, replaced the driveway, and replaced the wiring in about half of the house.

I have sense spent about another 30k in upgrading appliances, buying a new roof, and a number of other updates to get with the time.
Click to expand...
where do you live?
 
#35
#35
Ttucke11 said:
Once again irrelevant. You get into this stupid arguments based on semantics. I'll let the math talk. No matter how you dice it, it's much more difficult today. I'm sorry that hurts your feelings so badly.

Average household income
1960 $5,600
1980 $21,000
2000 $42,000
2026 $78,000

Average home cost
1960 $11,900
1980 $47,000
2000 $ 119,000
2026 $ 420,000

Income to price ratio
1960 2.1x
1980 2.2x
2000 2.8x
2026 5.4x

You're welcome. Once again, it's not an argument. Its a fact that younger generations financially have a much tougher time regardless of their financial acumen as base shelter and living costs are much higher than they were in previous decades when accounting for their actual spending power. Not an argument.
Click to expand...
That should read 'Price to Income Ratio", but your point is 100% valid.
 
  • Like
Reactions: Ttucke11
#36
#36
Smokey123 said:
The big thing isn’t even comparing today to the 90’s or even 00’s. Young people that were getting close to the age of buying houses literally saw house prices double basically over night after Covid
Click to expand...
The world changed permanently after Covid, and not for the better. People are more isolated and depressed in the US than before (depression rates are historically high). Housing and cost of living have gone crazy post COVID (mass inflation due to Trump stimulus handouts). Mass surveillance, AI scanning chats for pre-crimes, digital/government ID for internet access, etc are all realities now.

Things are heading downhill so fast it’s hard to wrap my head around it.
 
  • Like
Reactions: Ttucke11
#38
#38
  • Like
Reactions: hog88
#40
#40
LouderVol said:
compared to the market it was worth it. I am not angry about what I bought. just pointing out prices haven't gone thru the roof because everything is bigger/newer/nicer. there were far more outside factors playing into cost increases than the fiber optics being ran by the utility company you think added 200k in value.
Click to expand...
I'm waiting for him to show me the HVAC system I can buy that'll add another few dozens of Ks onto my townhouse.
 
  • Like
Reactions: LouderVol
#41
#41
ButchPlz said:
I see a future at some point where we have to pay for all we're doing. What generation gets to eat that **** sandwich?

If you think the course we're on is sustainable you're an idiot. Sorry.
Click to expand...

You're not wrong, the course we're on is not sustainable but we've been on that course for over 75 years, probably over a 100.
 
  • Like
Reactions: 85SugarVol
#42
#42
ButchPlz said:
Don't forget, one neighborhood has young people moving into it (take that guy's word for it, that's all that's moving in).
Click to expand...
East Germantown. Dude is comparing the extreme upper end of old millennials to the average millennial and Gen Zer. Yea, no **** some trust fund kids can afford a house. Shocker.
 
  • Like
Reactions: ButchPlz
#44
#44
McDad said:
We couldn't afford a home we really loved until we were 32.

our first was a "starter home". which helped us get into our second home.
Click to expand...

I loathed our first house, really liked our second house and at 55 have a house I love, so far.
 
#45
#45
Ttucke11 said:
East Germantown. Dude is comparing the extreme upper end of old millennials to the average millennial and Gen Zer. Yea, no **** some trust fund kids can afford a house. Shocker.
Click to expand...
100% chance this self made man started out on daddy's money.
 
#46
#46
Ttucke11 said:
I mean that's cute and all but I have small children and I'm watching the world crumble around us. So excuse me for being concerned about the future.
Click to expand...
I have small children as well.

I wake up terrified every night in cold sweats. Just kidding, they’re gonna be just fine. So are your little ones.

Gen Z is ultimately gonna be just fine.
Gen A is ultimately gonna be just fine.

Boomers were the Hippies that were convinced the prior generation was gonna blow up the Earth and doom us all.
 
  • Like
Reactions: hog88
#47
#47
Ttucke11 said:
I know man, people in here acting like 2020 and 2021 didn't happen. I bought my house February of 2020 right before the explosion.

I signed on the dotted line for 219K.

Zillow says my house is worth 398K exactly 6 years and 1 month later.

If I was 6 years younger I couldn't afford the house I'm in which is nice but not extravagant. You're right though the comparison isn't even 2000 to 2026 it's 2019 to 2026 almost doubling. Unsustainable.
Click to expand...

Some parts of the country have seen a decline in house prices. I'm assuming most posters here live in the south so yeah, young people just getting started around 2020 got screwed.
 
  • Like
Reactions: Smokey123 and Ttucke11
#48
#48
Ttucke11 said:
East Germantown. Dude is comparing the extreme upper end of old millennials to the average millennial and Gen Zer. Yea, no **** some trust fund kids can afford a house. Shocker.
Click to expand...
Bwaaaaaaa you think Germantown is “trust fund” territory???

And early 30’s couples are “old millennials”?
 
#49
#49
85SugarVol said:
I’m “tail end” of Gen X, a stones throw from the early Millennials, and am doing great. Thanks.

So are all of the young Millennials moving into our East Germantown neighborhood. They’re popping out kids and gobbling up 4k sq ft homes like it’s their job (or their future, dunno).
Click to expand...
To be fair you can’t compare East German town to the average Gen Z and young millennial
 
  • Like
Reactions: NashVol11 and Ttucke11
New Posts
You must log in or register to reply here.

Advertisement



Back
Top