There are homes in most areas that are well under 400k. Housing obviously needs to be cheaper but it's not nearly as bad as the fediverse memes make it seem.
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Yo, who be making 60k? That sounds like Gucci shit.
And they bought a house worth at most a couple of years of income with a 25+ year loan
I do not like calling people trying to afford to buy a pile of lumber and tape on a small parcel a "market".
It removes the fact that homes used to stay flat value or go down in value before houses became a "market".
Fuck markets. The markets should be crushed. And American home builders should be ashamed of the quality of American homes.
A pile of lumber and tape.
Of course, a "market" doesn't have to mean the thing is a financial instrument. I go to the market to buy grocereries. I am not intending to resell the carrots that I bought from "market".
And yet grocery stores are in a similar situation with prices going up while quality and quantity go down. Maybe it doesn't have to mean the thing is a financial instrument but if it can be it will be.
What's wrong with making houses out of wood? It's renewable. It has an absurdly low carbon footprint. It's a fantastic building material.
Over the last 50 years material quality and workmanship have gone down. Now it's a race to build a neighborhood as cheaply and quickly as possible, doing the job right be damned.
I'll be honest with you: my house was built in the 1940s and it's really not that great. Definitely not noticeably better build quality than my parents' house built in the 1990s.
I'll add that I recently bought a house built in the last decade and the home inspector remarked how well put together it was.
They're not talking specifically about the lumber being bad, they're talking about companies building new developments cutting corners to save on cost. While they still use lumber, they are choosing cheaper lumber and their workmanship suffers as a result of the corners being cut.
Thus, a pile of lumber and tape.
Also, older homes were built with natural old growth lumber, which is denser and more rot resistant. They also used larger dimensions for extra support.
they probably live in an area without a lot of earthquakes so it makes sense to build out of brick there
laughs in PNW
uh
this is 7 years old, but i wanted to argue my "uh"'s point a little more
love from San Francisco. I woke up the other day to a 5.6 alarm. My love to Yreka who got the brunt of it.
But how else will we make the peasantry feel richer without enriching them?
Boomers selling their homes at 10x cost and preaching about savvy investing
The problem is the house is so overvalued, they never modernized it, and is far beyond what most people can afford for it. They're just born at the right time to be able to retire and have a house.
Yeah, but now you and your significant other work so thats like 120k a year. /s
And the fact that you're each working multiple part time jobs and gigs, well that's the extra freedom we had lying around.
..kalshi is a news source?
Kalshi is also a game if you ask Google's Play store. It has an AO rating
Everytime I go to the app store I get an ad for it, and everytime I report it saying it violates my state's law
Google Play store is a cancerous virus. Use f droid.
No
Anyone using kalshi as a news source can eat infinite shit. Anyone using kalshi period in fact.
The only reason my wife and I could afford a house is because we live in one of the lowest cost of living places in the US. Even here it’s still almost triple what it was just a few years ago.
To be fair, there are far more entrepreneurial opportunities to generate wealth these days. If you're not on Onlyfans, are you even trying?
Do you even know what I would have given to be able to make money streaming? /s
I’m sure you’re joking, but for the record the vast majority of people on OnlyFans don’t make any money.
Yeah, that's why I drive for Uber while doing my Door Dash Deliveries. I also tie some dogs to my bumper to I can get some cash with Rover. The best part? I can also fill out surveys the whole time too to eek out an extra 0.5 cents per hour!
I figure if I save it all, I'll be well in range to make a 5% down payment on a 2 bed/1 bath house from the 1940's by the time I'm 75.
it's the multi level marketing of sex!