Do Affordable Homes Still Exist?

Today we’re talking about our horrible economy's impact on home buying. Boomers will look at young people and say, well interest rates were EVEN HIGHER when I was young, and I still managed to buy a home! Well, that was because your salaries increased along with the prices of homes, in 2024, that has not happened. As a result, young people are getting priced out of the market - especially if they live in bigger cities.
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[@oldschoolginger]

My dad bought his first house for $6000. He was stocking shelves in a grocery store for $2 an hour. Thats 3000 times his hourly pay. That is an absolutely affordable ratio but homes cost $300k and a decent paying job is $25 an hour. Thats 12,000 times the hourly rate. That is why things are not affordable.

[@nicholasallee8910]

Dang i should look into getting a raise because i only get $14 a hour

[@educationalporpoises9592]

@@nicholasallee8910 go for it

[@HarmonicWave]

I sometimes make $25 an hour driving for Lyft but the homes we're looking at are all $400k and up, anything under that is a piece of junk or too tiny, or in a bad location. We're in our 40s, we don't want a starter home, we want to settle down for 20+ years.

[@Cclesbo]

When was this?

[@SargonDestroyerofWorlds]

15 years ago I bought my starter home for $200k CDN. It is now worth $600K plus. Confident I could not afford to buy my house today.

[@RealSigmaQueen]

Thank you. Also Canadian. I don’t even live in a major city. Yet a detached house starts at over a million. And unlike the USA we can’t use the interest payments on our mortgage as an income tax deduction. My starter home will be my only home.

[@SargonDestroyerofWorlds]

@@RealSigmaQueen I was very lucky to be able to just buy my house back then. I feel for folks these days. Unless something changes in my life that requires me to buy a new place, this is likely my only home as well.

[@whasian1487]

17 years ago, my house was appraised for $175k. 15 years ago, it was appraised for $135k. Those 2 years was a big difference.

[@CactusJack252]

I'm American and bought my first home at 34 years old. In the span of almost 3 years the value of my home has gone up that I couldn't afford it today (and I'm not including interest rates added onto the payment either).

[@ToriMoffitt-nx8sc]

You don’t think you would’ve been able to save up in that 15 years and purchase a 600k house? Really?

[@kayliegibson2350]

My husband and I are gen Z and we just bought our first home 2 months ago. He’s military and I am a SAHM/homemaker. We have 2 little children and are extremely frugal and intentional with our money. We live a very traditional life where we grow fruits and vegetables, and plan on homeschooling our children.

[@CreationCallsMe]

Our starter home was 70k in 2012. We sold it for 160k in 2020 and bought our second home. In four years our second home has doubled in value. The prices have gone up so much! We live in the Midwest and have people criticize us for living in such a "boring" state, but at least we can afford to live in a home that we love!

[@Kassie_leanne]

Yes I live in central California and I don’t think I’ll ever be able to buy a home in California. We have friends in another state that bought their home for 60k that’s two story like 4 bedrooms 3 bathrooms and a huge yard and in good condition!! You can barely get that for 400K here in California it’s WILD. I really want to move out of California

[@tehejuliannetehe]

as a gen z, i'm terrified of not being able to buy a home when i grow up. and people make fun of me for wanting to be rich, just so i can buy a house and not constantly worry about being able to eat 😂

[@Sectrix2pp]

Imma just build myself a cardboard house near a gym

[@AlekseyMaksimovichPeshkov]

How can you be rich in an age of A.I? If you post any art or music it's only going to get stolen and used to train A.I generators and make them more powerful and speeding up the time to replace you and the corporate elites have decided that our generation as well as Gen Alpha are not meant to be creators but consumers.

[@VonW0lf3N5t31N]

Just keep investing in yourself until you are at least 30. The S&ME 500 is your best bet to a good future.

[@johnowens5342]

Or learn how to build one next to the garden you plant

[@whasian1487]

People felt the same way in 2007. Then in 2008 the housing market crashed. The real estate market has its ups and downs.

[@sethdunlap9868]

One thing you forgot to mention, but illuded to, is that your married friends purchased houses. TWO people. TWO INCOMES. There was a time when one salary could pay for a house, family, white picket fence, comfortable (yet practical) sedan, etc... Today, one salary doesnt get you shit but miserable quality of life.

[@jakeedgell591]

Yeah the fact that two salaries are needed is intentional. It's easy to destroy the nuclear family if people feel that they can't have kids because they don't have the time or money to do so

[@lqstar]

I'm a stay-at-home mom and own a home. We have 3 vehicles and are completely debt-free. It possible to live off one income. My son goes to school where most of the moms are SAHMs. You need to prioritize what you want. My husband is also a college dropout. Work hard but also smart! Get creative and track every dollar you send if you aren't debt-free. The housing market and economyaren't your fault but it is your problem.

[@DavidZ4-gg3dm]

Also, BC's friends are rich. They can easily buy large, new houses just like she can.

[@sethdunlap9868]

@@lqstar let me guess. Appalachia?

[@Nicole__Natalia]

@@lqstar how much does your husband make though and what level COL area do you live in? Because that is simply not possible where I live now matter how many pennies you pinch. Also, college education really doesn’t matter (depending on the industry)

[@Kate-rv6kx]

People say younger generations are spoiled because they only want 4 bedroom McMansions. It's not what we want, that's all that's available. And that's all they're building too.

[@nathanenns7186]

Builders and sellers only build and sell to demand. The same reason car manufacturers make 30 different SUVs/trucks and only 2 sedans. The general populace always wants bigger/faster/newer/more shiny. Every new home being built has quartz counters and stainless appliances and crown mouldings - all things you could live without. But nobody wants to, they want the McMansion.

[@EcstaticTeaTime]

I'm with you. I never wanted a big house because I watched my mom clean the 1.8k sq ft house I grew up in (my primary chore was laundry) and I knew that if I didn't make enough money to hire someone, I didn't want to attempt to clean more than that. Anything being built around me turns out to be apartment complexes with 654 sq ft studios going for 1.6k a month or 2 bed 1 bath under 1k sq ft for 2.5k. I am also priced out of homes like my parents', as they have gone up 4x the price my parents paid in the 90s and all of them need work on top of that.

[@EcstaticTeaTime]

@@nathanenns7186 You need new friends, my dude. Even my friends who make over 100k/yr dual income are trying to wait for the market to crash because they can't afford a starter home in their area. They're stuck in their apartment.

[@screwdestiny]

We have a two-bedroom condo. 🤷‍♀A good friend's family just sold their first home, which was a two-bedroom condo. There are lots of more humble options out there if you don't insist on a single-family home.

[@SurR3AL392]

​@@nathanenns7186 That's completely untrue. The vast majority of Men looking for a truck want an affordable no frills low tech truck for under 40k. The CEO of Ford literally said why would we care about building 2 trucks and selling at 40 when we can build one and sell for 90? Housing is the same. They do not care about demand.

[@mae2759]

This is going to sound pretty lame, but living with your parents until you're ready to get married is a great way to save money. I did that after college for 6 years and was able to save a ton of money. My mom charged me $200 rent and kept it in cash and gave it all back to me on my wedding day.

[@Kwildcat13]

Don’t live with the person you want to marry . That’s giving it away for free ! Move in with girlfriends or guy friends depending on who you are .. never move in with a future spouse before marriage ..

[@EcstaticTeaTime]

Thankfully, this is becoming more of a norm. But on the unfortunate side not everyone deserved to have children so they kicked their kids out as soon as possible/would exploit them if the child chose to stay.

[@meleebrawler6462]

At this point, I’ll just wait for the housing market to inevitably crash so that I can buy a house for the price of a Nintendo Switch.

[@HappyAntenna-TheBlackerBaron]

Just buy a Nintendo Switch. You can play Splatoon 3 it's more fun than political problems.

[@Viperness]

You could just get a van.

[@Hardwaretuned]

Lmao it's going to keep going up and up and guess what it will keep going up. I just bought a house and it already has equity.

[@AlexandriaDarby]

Same 😂

[@marsis_cool]

@@HappyAntenna-TheBlackerBaron FACTS

[@theprodigalson4003]

They don’t. I am stuck at home at 23 and it sticks. Stagnated social life, stagnated professional life, and other factors stagnated my health. I can’t get out and I am watching myself waste away. It’s the first time in history where I can’t take my chances in nature either. It’s the definition of prison except I am paying to be here

[@nuetronstyle6466]

I'm sorry.. I appreciate you opening up..

[@j.davila4523]

Same

[@teaser6089]

same brother

[@VonW0lf3N5t31N]

I moved out at 17. Lived with multiple roommates until I was 30. Get out of your parents house.

[@SamBrockmann]

You need to go for a walk. Every day. Do it. One day, walk yourself into a new apartment, outside of mommy and daddy's house.

[@SuperDuperHappyTime]

Lack of starter homes is one third of the problem. Rent being astronomical is the 2nd third. Being in the same wage class as people you don't want as neighbors is the last 3rd.

[@airsoftdude1990]

Houses now are built cheaper than they ever have been. They’re made with thinner cheaper materials. Old houses are waaay better. The reason it’s so unaffordable is because of timeshares and corporations and Chinese buying up all the properties.

[@rachelrogers1355]

Watching my parents see what an absolute dumpster fire the housing market is right now while my husband and I shop for a home has been hilarious. It went from the comments you mentioned early in the video to “…wow, this is not possible for anyone around your income bracket. This is awful.”. As you said, many starter homes are priced at 300k, and often need significant repairs or remodeling, which jacks the price (or time commitment) even higher.

[@user-zb6if8jf4f]

I once saw an old lady who bought a house for $72000 in 1967 and she sold it for $1.13 million in 2023, the good old days 😩😩

[@omomo202]

72,000 in ‘67?? That’s A LOT of money for back then! 😮

[@Saixjacket]

@@omomo202 that’s exactly what I said, that is super expensive for that era, my parents bought a house about 1200 square-foot in the 90s and it was barely 100,000

[@screwdestiny]

Accounting for inflation, the price she paid was equivalent to just under $657,000 in 2023. So she paid a pretttty penny for that home. It going up to $1.13M after 56 years is nothing crazy. This is why people buy homes. Because they are always appreciating assets.

[@manwe6829]

@@screwdestinyso the cost of the home doubling even after accounting for inflation isn’t insane? What 💀

[@screwdestiny]

@@manwe6829 no, that's not insane at all. A house doubling in value after *56 years* is a perfectly reasonable rate of return. Home are appreciating assets. That's why people go to the trouble of buying and maintaining them.

[@ericdickerson9080]

People buying single family homes so they can rent them out is part of the problem. They also need to further regulate who can buy land/ homes in the united states. Foreign investors should not be allowed to buy residential property.

[@tdf123emcee2]

It's the companies not the average real state investor. Blackrock owns millions of single family houses and the government is not regulating anything. Therefore it creates a monopoly.

[@everettsgoldenduo4999]

There needs to be a rental market for people who don’t want to or can’t afford to buy a house. The landlord hate is a political talking point, but it’s not actually a real problem. Single family homeownership by landlords is actually towards a historic low right now with how high prices are. Not to mention, the houses landlords and investors are buying are typically in a degraded condition that prevents regular owner occupants from being able to obtain a loan for. Someone has to step in and renovate and rent or sell those properties before they can re-enter the regular market in the future.

[@everettsgoldenduo4999]

I should add. Not everyone has a credit score that even makes them eligible for buying a house with a loan. A lot of people got scammed into having WAY too much college debt to afford a house too, so they’re stuck either renting a house or raising a family in an apartment. Being able to rent a house is better, and if the government decided to step in and make it illegal to rent a house, a LOT of people would be way worse off…

[@Nina-hz9vv]

This! I live in a very popular tourist area in the EU and this created hell for our housing market. People buy homes to rent them out for tourists during the tourist season and now, even though our median salary is 1200€ (roughly the same in dollars) starter homes cost 400000$+. AirBnb and no regulations of who can rent out a property is practically destroying most of EUs economy and I bet a similar thing is happening in America.

[@TheSonoranSniper]

I never even considered that, but yeah foreign investors buying property doesn't make much sense

[@kszakonyi]

Actually there was a time in the 80’s where no one could buy a home because interest rates were at 18% and home values had shot up and it took quite a while for salaries to catch up. A lot of us felt exactly the same way young people feel today and a lot of us had to eventually buy in the suburbs with a longer commute. Eventually it evened out where prices stabilized and incomes went up so people could buy homes. It took quite a few years though and that first home purchase is tough. These things go in cycles, and hopefully people will have the sense to consider the economy in their vote this time instead of not realizing how much it matters as many people did in the last election.

[@TORITHEGUMMYBEAR]

This makes me feel a bit better and that there is hope at the end of the tunnel. I know things will even out but it's a long waiting game.

[@cjhandley5211]

I got extremely lucky. I'm 24 and I have a wife and 3 small kids. My wife stays home with the kids and I work full time making 50k a year. I was able to buy my first home for $150k though Clayton Homes which is a modular home company. I was lucky in the sense that I was able to inherit land to build said house on. I pay 900 a month for my 3 bedroom home and I know I am extremely blessed. Unfortunately for people my age I am the exception and not the rule. It is very hard and I remember for 2 years feeling like I would never be able to buy a home until the kids were older and my wife could go to work. But thankfully we got lucky and did make some smart plays and we bought our beautiful home. I hope others can find luck in these hard times like I did.

[@johnowens5342]

If you get ready an opportunity will come. I can't believe how many people think no opportunities will come so they don't get ready. I bought my first house for 35 k from an angry landlord, he said cash and I said great I have it. Sold the house for 175 k two years later.

[@cjhandley5211]

@@johnowens5342 and that is true. Like I say I did make some smart moves by saving as much money as I could and also building my credit score to be amazing. So both of those things helped.

[@bethstovall]

Your house will most likely depreciate instead of appreciate. 😮

[@cjhandley5211]

@@bethstovall actually it won't. Seeing how I'll also be able to factor in the value of the land. Plus I built a front and back porch by hand on my house which also increases the value of the property and I paved a driveway as well which itself raises the value by 10k.

[@kathydelarosa1286]

Congrats! I’m glad someone my age is doing well !

[@Razzy-sr4oq]

I live out in the sticks. Rural. My neighbor passed away a year ago. Her ranch house, 3 bed, 2 bath, 45-year old house, sold for 600,000. I wouldn't call a 45 year old, single story house a "high roller ambition" but it certainly got priced like one.

[@syoung1908]

How many acres? Makes a big difference. Outbuildings?

[@paddington1670]

what a steal. that would be 2 million dollars here.

[@Razzy-sr4oq]

@@syoung1908 1 pole barn (which, in my state, is specifically designed to not be taxable or change property value) 5 acres.

[@AJZona-AJR79]

I bought a 1600 square-foot mobile home on an acre of property for under $100,000 in 2016, I can now sell it for almost 350k . It’s freaking ridiculous.

[@spacecoastkid5033]

​@Razzy-sr4oq you can't design a pole barn to not raise the property value unless it's falling apart.

[@Gigadander]

It's not just being able to afford the monthly payments on a home. There's also the repairs and renovations that most people don't think about. I certainly learned the hard way.

[@flameshoter6]

Guaranteed the roof needs to be replaced, the water tank, and probably the furnace too. Because the 60+ year olds don't care at that point and can't keep up with everything. Lets not forget poor DIY projects from the previous owners. Real estate isn't giving any discounts for this. Some places still have popcorn ceilings or prior to 1990's living conditions. From everything I've mentioned, we are looking at 40 to 100k in fixing/replacing/updating. While having to put at least 80k down and dealing with mortgage rates that have doubled in the last few years. Plus some people are just petty by taking the fridge, washer, and dryer. The one fridge that was left to me broke in one year. I'm pretty sure they took the storm doors too.

[@savage.4.24]

And dont forget the insurance and the taxes.

[@manoftomorrow5987]

Same with a car. A lot of people forget the extra things that comes with buying these things. The high wears off and the bills pile up

[@Ange1ofD4rkness]

This is literally why I have kept my savings, cause I know I have repairs coming my way

[@kallioperobling3359]

Right? Just had to pay 3k on gutters so I don't have to pay more on repairs later. Just put off renovating bathroom and thats only part after living here for 8 years. New washer/dryer, fireplace repair, and that bathroom really needs a redo😅

[@justinmadill240]

As an architecture student, recently studied this exact problem. Wages have not kept up and they are not building enough to keep up with the demand. One of the solutions is to rezone major portions of cities to not only be R1, or residential zoning, but allow for missing middle housing types. Housing types that are at the same scale as single family but allow for multiple people. These include duplexes, live-work, and courtyard homes. They fit well in the existing urban fabric and increase walkability which is obviously important

[@RaghuvirMohanta]

When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.❤

[@BraunRob]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@vanillatgif]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.

[@Faijan-zx5ov]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@JasperMaartenHoutman]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@ysareyes]

Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much

[@aCycleofSelfcontrol]

21 yo with a 20 yo fiancé, I’ve lived in a small town my entire life, there aren’t many job opportunities but I worked at dominoes for a while, Gabriel, my fiancé works as a General Manager and when they gave him the opportunity to move to a bigger store in a city we took it. We saved for two years and bought a home in my home town this year. We spent everything we have on this home and it was HARD. There were months that my man worked every day, and we did it. We now have to commute an hour to and from work every day but we bought a home for 95k it is possible, don’t give up because it’s hard because IT IS HARD AS HELL. There were many times we both wanted to give up and quit and we didn’t. I’ve never been more proud. It is possible

[@tarrickmerdev2324]

That's awesome, good luck to you guys. I also grew up in a small town and had several friends and family members that owned single-wides which none of these complaints ever mention as an option and are very affordable. I feel like most of the complaints are people just seeing the real world for the first time and want to complain instead of going out and making the most of life.

[@Alina-ul2tl]

You two did a great job! I first thought two hours per day in commute is tough, but when I lived in a city with almost 2 million population it was almost the same to make it to the city center from outskirts lol And 95k is a deal!

[@milo_thatch_incarnate]

Congratulations!! I have a similar story; I'm 24 and my husband is 28, and we've been saving our pennies for a while to afford a home. We just bought our first home too! It IS possible, you just have to be willing to sacrifice for it, and most people aren't (especially our age).

[@nathanenns7186]

@@tarrickmerdev2324exactly. My wife and I bought a 3 bed single-wide for our first home at 28 years old and had 4 kids there. Only recently moved up to a bigger house. Don’t despise humble beginnings 👍

[@Swearengen1980]

And that's the point - Life is hard. Most kids your generation can't accept that "Hard as hell" was just called "life" to Gen X and older. We weren't told that life was fair or equal, there was no entitlement. We were expected to bust our ass at 1 or 2 jobs if that's what it took to buy a house one day, while not going out to bars and restaurants every night and killing time on a $1k phone. Some of us got jobs at 13, 14, or 15 and bought our own clothes, vehicle when we turned 16 (and old used thing, nothing nice), etc. The older Gen X that raised kids with this entitlement today failed them miserable by raising them a realistic, real world environment. No work ethic, no distinction between needs and wants, just complaining that life isn't fair. After WWII, my grandfather worked 3 jobs and slept 4-5 hours a night for 10 years to buy a house for his family. I don't hear many Gen Z talking about working 18 hours a day.

[@XxHeavensXAnglexX]

My problem is with the owning a home the property taxes increasing every 6 mouth. My payment use to be $835 in 2020 now it's $965, massive increase. The elites are trying to price you out of your already owned home. (fixed interest so no the only thing that changed is taxes)

[@senorpepper3405]

Take solace in the fact that you are not buying now. Also, like me, i assume you live in the midwest or south with that mortgage payment. Imagine paying 2500$ a month for your house outside of a major coastal city. That payment doesn't exist in a lot of areas.

[@eowvice]

i say it to everyone else i know. and ill say it again. abolish and ban property taxes! isnt there anyone who can get a movement like that going? i wish i could but im just a filthy peasant who can do nothing

[@farmschoolchicks1913]

This is like our situation, except it’s all the liberal idiots CONSTANTLY voting yes on every. single. Mileage and tax. It makes me nauseous I get so angry with these idiots…

[@XxHeavensXAnglexX]

@@eowviceI feel you so much! Property taxes need to go forever! I hate how with it you never really own your own home.

[@XxHeavensXAnglexX]

@@senorpepper3405Yes, I do live in midwest but also wags are lower here then in other places so still hurts.

[@scrub-jayleague]

Every time I hear something about the housing market, I am so grateful that the good Lord provided me a home to purchase before interest rates skyrocketed. Granted, I did live with my folks until I was 28, but swallowing my pride in that regard allowed me to save up the money for a down payment and for some small renovations. My mortgage is my biggest expense but it is very manageable compared to today's economy. Been enjoying this house for three years in a quiet small town in East Texas with only a 20 minute commute to work everyday. It's possible everyone. The Lord is faithful and will always provide.

[@richardfredericks4069]

My home 🏡 is a manufactured home. It cost $67k for 1190 sq.ft 3 bedroom 2 bath...best thing is it's payed for $0 owed and on private property also payed for $0 owed. All I do is pay property taxes on it

[@sofort99]

In 1965, the average 1st home size was ~500 - 700 square feet. The average home was ~1300 square feet. The average home price was ~$20,000 ($191,035.44 with inflation). Minimum wage was $1.25 an hour.

[@paddington1670]

god those were the days. My Grandparents' house was super expensive and it was 80k. It's probably worth 800k now, in the middle of nowhere.

[@skyraider1656]

I bought my home in 1969 for $15,000. My son just bought a home after a 3 year hunt for more than $350 K, I can only imagine what he pays for his mortgage. I wish that prices were more realistic these days.

[@coultersheppard2052]

Minimal accommodations homes don't exist anymore. I would imagine it just isn't profitable to build them.

[@josephmorelli3408]

Housing prices WILL NEVER GO DOWN as long as places like Blackrock can buy whole developments and turn them into rentals. As long as SOMEONE is willing to pay 350k.

[@everettsgoldenduo4999]

@@coultersheppard2052it’s not. The issue is that building regulations require expensive permits and highly scrutinized mechanicals in new houses. Building a “small” house has the same base costs as building a large house, so obviously builders want to make more per house and with the more or less fixed government tax/permitting costs it makes more sense for them to build larger houses that’ll sell for more.

[@amanda4901]

I live close to the “middle of nowhere” sadly homes here are averaging about 250k as well. People have started moving in more often to escape the city life (2 hours away) and buy homes where they can work remotely 🤦🏼‍♀️

[@okwathne]

So demand from people moving out there from the city increase the prices, and move the affordable even more into nowhere....

[@amanda4901]

@@okwathne exactly

[@tarrickmerdev2324]

@@okwathne It's funny how no one in these comments ever talks about mobile homes. Is that beneath you? Are you better than that? I had several friends growing up that lived in single-wides, some who later replaced with a double wide when they could. It's a very affordable option and lots in small towns are much cheaper.

[@LeeLee_LeeLee]

​@@tarrickmerdev2324mobile home prices have also gone up. Still cheaper, 130k+ but still tough to find or buy

[@shakes268]

@@tarrickmerdev2324 I grew up in Alabama. I've seen what storms do to them. I won't live in one. It's not a pride thing - for me its a safety thing.

[@tylermccarthy6927]

As somebody that doesn't buy Starbucks or any type of on the go coffee, brings their own lunches, and doesn't pay for streaming services I'm still too broke to buy a house

[@hannahyoung4306]

Thank you for shouting out Chattanooga, Brett! It really is one of the greatest cities in America. Lived here for going on 14 years, and I swear I get more obsessed with it every year. Everything you said about Chattanooga is spot on. Glad you love it; we love you too! 🥰

[@lqstar]

Investors are buying up homes to rent. It's driving up prices in my area.

[@kevinle1083]

Screw these investors. I have no idea but these befuddling individuals are the reason why NO ONE cannot afford a home, unless if you have trillions in your pocket.

[@tobefreecollective]

I’m 28 still living with my parents. I’ve been working since I was 16 and still cannot afford to move out. I just got a new job & am making the most money I’ve ever made yet I am struggling. I paid off my student loans, I own a car that is completely paid off & I have no debt so it’s not like I am just being frivolous with my money - everything is just so insanely expensive right now. It’s depressing honestly.

[@masteryoda222007]

I feel ya. 35 here, good job, paid-off car, living with parents now, just hoping to be able to afford a home

[@gregoryadler7806]

@@masteryoda222007Did the same 20 years ago and was 36 when I got my starter home.

[@tsrocks2029]

You have no debts, if you just save up even part of a years income, that’s a down payment right there

[@silver9wolf6]

I'm similar to you, not living with parents but roommates. I do celebrate and want to celebrate you too, for being debt free! Even if it's going to take a few more years, the ability to set aside money in savings instead of paying off debt is huge! We'll get there! 🙂

[@haylaebay]

Bb gorl, something is not adding up there

[@ThatOneLadyOverHere]

Idea I had and was very close to implementing: Find 4 or 5 friends (like 5 individual families). Find a person that is willing to sell an acre of land. Split the price of the land between the 5 families, and pay to partition the land. Take out a loan to build a house, and get a quality mobile, or a manufactured home, and put it on your part of the land. The idea is that banks don't want to give you a loan for land, but will give you a pretty good loan to build one, especially for 1st time home buyers like she was saying. So splitting land between friends makes the price for land affordable and also means that you have hand picked your neighbors and community. Also, manufactured or mobile homes are pretty cheap compared to traditionally built homes. They are also really good quality compared to how mobile homes have been in the past, especially manufactured homes. Do your research though and make sure you are actually getting a high quality home. Good luck!

[@megane.1073]

I bought my home in 2006 for $110,000. It's 1,200 square feet, so it's small. It's in a small, dead-end, kinda trashy neighborhood. Today, it goes for over $250,000. A smaller house down the street just sold for $230,000. That's INSANE!!! So yes, $300,000 is a starter home now. I can't even imagine what my sister's house goes for now, she bought it for $350,000 back in 2004.

[@megane.1073]

Additional note: I could not afford to buy my house today, that mortgage would be out of our budget. It's crazy what's happened the past 4 years

[@k-i-n-gf-i-s-h1823]

I had a friend who got caught up in that 2008 housing crisis mess. He lost his new house that he just bought and drank himself to death. My brother also got messed up in that and lost his condo. I've been able to do the renting game and it fit for me. So far it's helped me save tons of money. But I'm in one of those "Middle of Nowhere" situations that isn't for everyone.

[@StephanieBogart]

I’m in North Dallas. Starter homes are only in scary places.

[@tera_windon]

Far North Dallas resident as well, not true, unless non-scary=affluent for you. I look every so often and I always find good, turnkey homes under $250K in normal neighborhoods. If you are actively looking, I recommend North Garland, South Plano and some areas in Allen. Good luck

[@scoobie8amg]

We closed on 2/15. First house cost $425K. We are 34 and 36. Its 1700 sq feet. Mortgage is $2900. Our rate is 6.25% and we put down 20%. We figured the housing market wont get better anytime soon.

[@ianstephens333]

Damn those figures are crazy depressing. Too much for my blood

[@wraith657]

I am a big fan of your work. I just wanted to say how grateful I am, at the rate you speak. Your videos are the only ones on KZbin, that I don't feel the need to put the playback speed to 2X. You convey as much information as possible, almost as if you can't wait to get it out. Which I absolutely love!

[@litigioussociety4249]

With a mortgage the answer is no, because of the interest rate. You're paying like 50 percent more per month for the same size house as someone who bought a home three or four years ago.

[@gregoryadler7806]

You had a decade of near 0% interest rates from the Fed so don’t blame anyone other than yourself that you missed your chance.

[@tdf123emcee2]

You can always refinance. The issue is to get approved by the bank.

[@senorpepper3405]

Good thing i bought in '16 and refinanced for 2.25% in march of '21. Could rent my house for over twice what my mortgage plus escrow is.

[@mastersnet18]

@@gregoryadler7806you realize most of the commenters weren’t even adults a decade ago right? How does a child buy a house?

[@grantlawrence4600]

@@gregoryadler7806 Let me go tell everyone to be born earlier. Hold on, I'll be right back. . . . They told me I'm absolutely right. They should have mortgaged a house when they were 10. Possibly earlier.

[@katiebwheeler]

I live in a town of 35k, 15min away from a town of 150k and an hour away from Austin. Plenty of job opportunities. Right now there are a hundred move in ready (meaning everything is working but you might not like old flooring, paint, lights etc) for under 250k. and there are 20-30 that are between 100-150k that are decent nice houses. I got a 3bed, 2 bath, 1600sqft house on .30 acres for 110k. Yes, we are slowly replacing things like windows and changing out light fixtures. But has been wonderful home for my family of 6 and we love it.

[@latinomalenurse]

I'm in South Austin, which town are you describing? I'm interested

[@Meltedshadow940]

Same, I’m in North SA and my wife and I are in the market.

[@HyperInvest210]

@@Meltedshadow940we got our house outside Converse at 225k in March 2023. Great home and neighborhood for that price.

[@KateinTexas]

Shhh! 😂 Don't go tellin' everybody! Then they'll start showin' up 😄 (kidding) Honestly, some of our tiny towns would love for y'all to buy these old houses, fix 'em up, Actually Live In Them (not rent them out at city prices), and maybe also invest in the town in other ways... 🙂Many of them within driving distance of small cities.

[@professionalidiots_og]

As a teen living in Colorado, I am not looking forward to buying a house.

[@subplzorideleteurchannel7193]

Alabama is cheaper but you’ll have to own a gun anywhere you live thanks to crime, even in “rich” areas.

[@Ziggyhere57]

@@subplzorideleteurchannel7193I take my risk in Tennessee 😂

[@amfitness5598]

There are no starters homes being built where my family resides. There are starter townhomes for 500k.

[@Cannacon365]

New homes aren’t starter homes…

[@amfitness5598]

@@Cannacon365 Yes they are. It's dependent on size and location. A standard 3/2 with a 2car garage on a slab for example is a starter home. As a previous home owner of a starter home, I can tell you that's where people are "designed" to start off in unless they are wealthy.

[@Cannacon365]

@@amfitness5598 a 2 car garage is a starter home? 🤣

[@amfitness5598]

@@Cannacon365 yes. I’m 45. I’ve experienced all of this. U are just conditioned to think u shouldn’t expect anything for your dollar these days but renting an apartment. A basic 3Bed/2bath with a modest 2 car garage on 1/3 of an acre plot used to be and still is considered a starter home. Look it before u comment again cause u are wasting my time. I’ve worked with a builder that used to specifically specialize in those.

[@Cannacon365]

@@amfitness5598 wasting your time lol, it’s a KZbin comment section you don’t have to respond if it’s so time consuming, especially since your just so wrong, and just showing your speaking from a privileged perspective. There’s absolutely zero standard for what a starter home should be you are simply stating an opinion, a nice opinion that would be great, but is counter to reality, even reality from 20 years ago. Even a single garage is a luxury that absolutely no one actually needs. A starter home is simply what someone can afford, for the majority of Americans that has been 100-150k for the last what like 50 years? Maybe you live in a cheap market but in the majority of the country that got you a 3 bed 2 bath on maybe a quarter acre, no frills and thrills, and that’s ok.

[@B-Ran_the_Man]

According to CNBC, wages grew by 17.5% from 1979-2000. The inflation calculator from the American Institute for Economic Research shows that the cost of living during that time has increased by over 350%. With these numbers, no wonder less and less people can't afford a home

[@farmschoolchicks1913]

** specifically for my local area ** in the last ten years the minimum wage has more than doubled, rent has increased 50% and groceries has almost doubled. In the last 4 years gas has more than doubled. But, still, the wages offered by starter jobs (like fast food) START at $15-$18/hour and are desperate for employees. It seems humility might be what’s necessary?

[@ericchism4855]

The fed keeps increasing interest rates to make this stuff more expensive (less attainable) to decrease demand and cool inflation. Inflation keeps getting worse. It's definitely not getting better. No matter what Joe Biden says. Massive corps are buying homes that used to be attainable to rent. For example, Berkshire Hathaway buys them.

[@adamb4159]

@@farmschoolchicks1913 Let's say they took that job, did great at it and got a promotion with $20/hour. They are only looking at around $1K/paycheck. Home ownership also needs property taxes, insurance (which just shot up this year), repairs, maintenance (yard care, gutter cleaning, bug spraying, fertilizing, etc), and then there's the adulting thing of having to save six months worth of salary 'in case of emergency.' Add in fuel/maintenance/replacement costs on the vehicle for the long commute to work and we see why last year had the highest number of abortions in our nation's history. $20/hour is not a home-ownership salary in most metropolitan areas.

[@farmschoolchicks1913]

@@adamb4159 ok, but fast food grunt shouldn’t be a career that pays for the American dream. It’s a starting job where you learn how to be an employee it should cover the cost of learning how to be an adult. Adults don’t get to buy whatever groceries they want, drive whatever car they want, have the new phone, all the streaming services, the fastest internet, do all the maintenance their cars and homes require, go on vacations and do everything and anything they like. Adults solve problems and make sacrifices. The lowest paying fast food restaurant in my area is $15/hour and that restaurant regularly has to close early because they don’t have enough employees. $15/hour full time in my state becomes $2125/month after taxes. The lowest rent which is actually walking distance and in a safe area is $800/month. With those numbers a family on that one income qualifies for federal free internet programs, state Medicare, food stamps and WIC. They would be able to walk to one of the best hospitals in world, a mega grocery store, multiple parks, a good and active downtown, a Home Depot and a movie theatre. They would be in the same zip code as a free grocery store, a Salvation Army, a second kids store, and 2 churches with clothing and home goods ministries that do free shopping without requiring paperwork, plus a pregnancy help center that does free medical services, and parent and financial education that gives away baby necessities and does special Christmas and Easter shopping. $2125-$800 rent-$500 car insurance-$90 prepaid phone plan for 2-3 phones-$400 for gas-$150 for electric leaves $185 each month. Knowing this they could make the smart decision to not take on debt of college until they could handle it or better yet the whole institution gets overhauled. They could of course go to a different fast food restaurant (literally next door) and get higher pay and free college instead of waiting. In five years this hypothetical family of 3+ could have a $10,000 savings and be college educated. If the parents started the fast food work in their teen years, they would have the savings in their early twenties. Either way they would have it by 30 years old.

[@Ange1ofD4rkness]

@@adamb4159 Don't forget Utilities

[@g_peratino7357]

Recently got denied a loan for a trailer to live in, and one of the ways to become “financially responsible” was to apply for a mortgage.

[@kaygee2121]

Yes, but trailers and manufactured homes aren't the same as purchasing a stick built home. You are much better off buying a home. Banks and whatnot don't view the two then same at all sadly.

[@kallioperobling3359]

Almost no insurance companies will insure trailers and thats mandatory. You're almost better off with a camper or tiny home. Can go on auto insurance

[@screwdestiny]

Trailers almost always depreciate in value. Like a lot. They did you a favor; going into debt for a trailer is not a financially responsible decision.

[@BridgeToMissions]

​@@kallioperobling3359This is not true. If a manufactured home is less than 20 years old, Safeco will insure it. They are owned by Liberty Mutual. There are other companies that only insure manufactured or mobile homes.

[@BridgeToMissions]

​@@screwdestinyOur "trailer" on land has gone up nearly 40k in value within less than 2 years.

[@allenotna9793]

In East Boston Massachusetts people rent rooms about 2 to 3 people per room, usually colombians or salvadorians, then the living room is turned into a room too with 2 people in there then the basement too, then the attics too. Then each person pays 700-800 dollars per person living there not per room. And the 4500 is covered and beyond. It is real, East boston has suuuuper high rents and each house is homing 20 people or more. For years and years. Homes will not lower price, homes will not have the price to be affordable for purchase.

[@Mrs.Butterworth]

In Des Moines, Iowa, a one story house costs around 150k-200k. There are plenty of job opportunities here with Wells Fargo, Meta, John Deere, Principal, Amazon, Accenture, Fedex...

[@devilgames2217]

Yes..... If you make at least 500K a year.

[@Viperness]

Become a CEO of a company.

[@cwispyextra2893]

​@xVipera become a cook

[@juliam248]

Become a politician!

[@gregoryadler7806]

Lower your standards, you don’t need to start with 5000 square feet.

[@ohjay7612]

@@gregoryadler7806 my house is 1300 sqft and valued at nearly 500k. It isnt affordable.

[@Ghostie-2323]

As a real estate agent- I started at 18, everyone my age could still afford housing if they worked full time. Now I’m 21 not a single person I know can even afford rent. 😊

[@SENSEF]

Truth! The goal posts launched into the stratosphere overnight! It's gut wrenching.

[@Brittanysplittany]

The current administration is really running us into the ground 🥺

[@kaygee2121]

My parents spent a lot more on cable than I do on Netflix...and we weren't well off at all. The fact that wages have barely increased in over 20 years while everything else has skyrocketed is the issue.

[@MamaSamanthaS]

We bought our 1300 square foot starter home in 2012 for $550,000 and it is worth $1.5+ now (we live 30 minutes outside Vancouver, BC 🇨🇦) if we didn’t buy back then there is absolutely no way we could afford a house in our area now, it’s insane.

[@randytrashcan]

I've given up on home ownership; I don't like the prices, I don't like the debt. Granted, we've given up on having children as well. We both work, we both sit in traffic, we're both tired. Main priority for years is making it through the next day and eventually having a day off.

[@akamu95b31]

A sad but true reality for a lot of people.

[@deborahangel8761]

This just makes me weep for all of you in this position. My son and daughter are both there, although my daughter does have 2 kids. But this is NOT the way it's supposed to be - funny, it never was like this before this administration, and I pray they get what's coming to them for screwing over this generation. Try to stay strong, and definitely turn to prayer. God is the only thing that's going to get us through the coming times.

[@MOthanMost]

Dang. That’s bleak.

[@EthalaRide]

Jesus, that's dark. but also I understand. I hope your luck turns around. Try the lottery, and if you win, take the halved-cash option rather than the payout-over-time and tell NO ONE.

[@saraz9017]

Sounds like quitting to me. Games not over.

[@UnderdawgMLB]

I’m a college architecture student and I’m hoping to help fix this problem. Thanks for covering this Brett!

[@johnowens5342]

Finally someone with a brain that says I'll build it. I am planning on selling my house in a few months and building on 3 acres I own. I also plan to build small apartments across the front of the property. I have enough road frontage for 9 units. I guess you and I will be building rentals for the people that have convinced themselves they can only afford to rent.

[@justinmadill240]

Did a project on this in architecture school. Look into missing middle housing as a solution

[@Bettty00]

Everything you’ve said is true. My family has lived in Orlando Fl my whole life. Two years ago we bought a home an hour away from our family and work. We drive an hour into work and an hour back every day as well as to church on Sundays. There was nothing affordable in Orlando and there still isn’t. We are trying now to move back but still are having trouble. The homes we can afford are few, the ones we put an offer on others offer more than it’s worth and they get it but we can’t. In the last two months we’ve put offers in on 15 different houses and none have worked out. People say no because they want more money than they listed it for and are willing to wait for it. My family is still looking for a home closer to work and family.

[@ashleenicole71]

Rural areas are now growing. We moved to a rural area and almost got priced out before we found our home. Now homes have gone up. Including our home value..and its just been a year!!! The city we left(30 mins away) ... homes are going down there.

[@rydaddy2867]

Being willing to drive further than most was the primary cost driver of my 1st home. At 45min from the city, there was a $50,000 price decrease for the same type of home verses at 30min.

[@samantharuiz6481]

I’m from Massachusetts and I’ve met tons of young couples trying to buy homes. Couples who both make decent money. All of them could only afford to buy homes 2-3 hours away from the city (if you factor in traffic) for a minimum of $700,000. And these homes are definitely not move in ready. They need a LOT of work, so that’s extra thousands of dollars in renovations just to make it livable, never mind pretty. Not everyone has a job that pays enough to do that. It’s really frustrating to hope for a house now.

[@mastersnet18]

I live in MA too and considering moving to NH or Maine just so I can afford a house.

[@enjeanss]

my family just bought a house in MA and its our first home and it costed 1.5million and its mostly because our area has good schools and isnt that far from boston

[@mastersnet18]

@@enjeanss damn, someone’s loaded. What’s your income?

[@Nytegard]

@@mastersnet18 That's the median price for a house around that area. But the median household income is only about 200k. Historically, that would only get you a house worth $500k, which isn't even in the range of dilapidated. And it's not like rent's cheaper either. I honestly don't comprehend why people choose to live in these areas, where, what would be an awesome income in 3/4's of the USA, puts you in lower middle class (at best)

[@samantharuiz6481]

@mastersnet18 I wish you the best! I’m actually moving to the South in two weeks to a rural area. Super excited! I’m over expensive cities. They’re not worth it.

[@marsis_cool]

Ugh I hate the economy

[@the1darknight]

Elections have consequences. Only now do you and so many other people who voted for the Communists understand.

[@PlaceboFXMakeup]

I swear my husband and I got the last plane out of ‘nam, and are so incredibly blessed. We bought our first home in 2020 for $179k. I was in a mild/moderate car accident in 2019 that wasn’t my fault, and so got a settlement from my insurance that we used as a down payment. The house itself is 850sqft, but has a detached garage that’s 950sqft that has our laundry room and an office/guest room. We’re also on two acres. We live in a canyon (about 500 people) about 25 minutes outside of a smallish town (about 15k people). We’re in the boonies and I couldn’t possibly love it more. Zillow says our house is now worth over $350k, but we can’t picture ourselves ever moving. Maybe someday I suppose, but certainly not for a long time.

[@psionics313]

The only "starter homes" left in MN are unfinished or trashed homes being sold as is.

[@RuralRootsLiving]

I can't believe I'm saying this because i really don't like regulations on businesses. But one of the ebst things that could be done would either be banning or limiting the number of homes and apartment complexes that large companies like Black Rock can own/buy. Its getting to a point where companies like Black Rock have a monopoly on the housing market.

[@TheLastPrime38]

Not really. There is stuff out there still obviously, but it's absolutely not easy, or realistic for many Americans, which sucks.

[@gregorymcnew88]

Love the Tucker and Dale reference!!!

[@chelly2468]

They’re ruining all the small towns building huge apartments and shitty neighborhoods. Removing all the trees and bare land. Ugh it’s awful! Heartbreaking! 💔 My small town is no longer

[@timquigley986]

NIMBY

[@bengregory7938]

Sorry for all the Dave Ramsey fans that were saving for that 20 percent down payment the past few years. They are still saving

[@thanosianthemadtitanic]

wages will never keep up with inflation that was always a fantasy. If your in the position to buy a house you should because its not getting any better.

[@robertmatthews2009]

They're still ahead of the people who didn't.

[@awtumnrain]

sorry for those people who think saving is a waste of money and time :’( thoughts and prayers to your retirement fund

[@am3thysts]

My brother’s house, small 1 bed 1 bath, was bought for $50,000 a few years ago. My parents’ house, medium 3 bed 2 bath, was bought for $100,000 12 years ago. My brother’s house can now be sold for $130,000. My fiancé and I have almost no hope while we are house shopping. We just want a starter house, and they are all out of our freshly-out-of-college budget. (Important to note we have no college debt., just beginning to get starter professional jobs)

[@kayleezajac1317]

This video helped me a lot with my history class assignment. Thanks!

[@mae2759]

At the same time, our standards have become pretty high too. Think about the house you grew up in or your grandparent's house. If you saw that today while looking for new houses, you would most likely not even look at it because it's "too small".

[@shellybingham3255]

The median home in my area is $500k, the house I own (bought 10yrs ago, payments under 900 monthly and has 3.25 intrest rate) cost me $142k. I now have 2 adult kids living with us because of the cost of moving out. (They pay rent and streaming services).

[@lqstar]

I bought my first home in 2014 also, for $203k. The market still hadn't recovered from the crash of 2008. We won't see prices like this again most likely. The best we can hope for is 2019 prices when they were at a steady rate.

[@classicrockonly]

If I had to buy my condo that I bought in 2020, today, I could not afford it. The value has doubled

[@Anonymous-sb9rr]

In Nashville there are 7 condos for sale on Realtor for less than $150k, plus 5 townhouses for less than $200k. A single family home is not a starter home.

[@maerielYT]

Looking at today’s issues within our country seriously makes me think that my living situation must’ve been a God thing. I’m in my early 20s, married, and a home owner where I can be a stay-at-home wife (and eventually mom). I seriously don’t know how else to explain it, but I’m so eternally grateful for everything I‘ve been given. I just wish everyone could experience the stability I am so blessed to have.

[@Camlling]

The average home price in my country is close to a million dollars. 300k is cheap for a starter home...

[@CatholicTraditional]

In MA $500k gets you an outhouse.

[@micolsen9824]

I love my tent underneath the freeway overpass.

[@ThaAlecman]

Good point on not only living in large metro areas. Even so, houses are still expensive, but true, not as much.

[@thebtron]

No luck in MA, everything is crazy prices even 1-2 hours away from Boston.

[@Tsuk323]

I used to complain when my coworkers instead of fixing their own bug, they want me to write more code so that their buggy code can run. This is exactly the SAME situation!! Moving somewhere is like this bandaid code! You should just fix the original bug people!

[@autmdorsh]

They exist! Even in IL. My husband and I just got a 3 bed, 3 bath two story home in a great location with a mortgage under $2k/month. The issue is everyone wants some super modern, clean, sad beige home. Get the vintage homes! Better bones.

[@Razzy-sr4oq]

Vintage homes, if in good condition, are absolutely better all around. The problem is they are bought out within a couple weeks of being on the market, and they don't cycle into the market very often. Quite genuinely gotta be lucky to land one.

[@waffles4393]

👋from Effingham, IL.

[@hannal7901]

I'm in the Chicago suburbs and there are some starter homes for 250k but they need A LOT of work done. Literally listed with the note that needs full remodel or to tear down the house and build a new one. I've been looking.....

[@DavidZ4-gg3dm]

Most young people can't afford old houses either.

[@gregoryadler7806]

So many of them would rather mooch off of mom and dad and never leave rather than settle for less than 5000 square feet to start.

[@Squeakums4Christ]

I will say just around covid the housing market has gone crazy since my hubs and I got our lil 2 bedroom 1 bath home for 780 Sq feet for $67k in 2018. We got ours at 5.5% interest and now the interests rates are hovering around 8%... all while houses like ours in the surrounding area have gone up 130k-150k for the same quality and space! I feel so bad for people just starting out in places where it is more expensive. My husband and I are about to have a 2nd child and have been itching to move as things are cramped.... but we feel we'll have to wait as well before we move until things settle back down in the housing market

[@THEAmberMBarnes]

My husband and I bought our first house in August for $150,000 and are still doing renovations, plus our mortgage is $1,400 a month. We got a great deal because there was a small fire in the house and it was vacant for 8 years. We live in Northeast Texas, about 2 hours from Dallas.

[@spiralpower2795]

I live in Western Washington, I am 30. We make 120k a year(gross) as a couple and still cannot afford homes in our area. Starter homes are all in the 600k range and with property tax that’s about a 3.5k-4k a month payment, which is completely insane and over 50% of our take home. There is no inexpensive area where I live anymore everything within 50 miles of I-5 from the Canadian Border to Tacoma is that price. It feels like I’ll never be able to buy a house.

[@truckerhershey7042]

Wait for the crash....it is coming. Prices will drop minimum 50% everywhere, and some areas 75%. But, the bottom is 2 to 3 years away. Scrimp and save now !!!!

[@mgancarzjr]

​@@truckerhershey7042investment firms will buy them all up

[@EcstaticTeaTime]

Hello fellow western Washingtonian. I have friends who make as much as you do in the same situation. I'm still with my parents in an area they keep building apartments that are 654 sq ft for 1.6k a month or 2 bed 1 bath under 1k sq ft for 2.5k. No new houses and they are 4x what my parent paid in the 90s all with the promise that work needs to be done before you even move in. Hold strong, friend. Even my parents hope the market crashes because the couldn't sell their home and move elsewhere.

[@meganhornberger9386]

My area (different state) is the same! It's so depressing. We saved up $75k over years as a down payment, but that amount doesn't make a dent in what the mortgage would be. It feels absolutely impossible to buy a house anywhere within at least 1.5 hours of where we are.

[@allie4388]

Exact same boat! We're considering leaving our home here in WA for the deep south where we can at least afford to give our children bedrooms of their own and a backyard. Anything within our price range in western WA is not even livable, let alone comfortably.

[@tsrocks2029]

I’ve spent years bitter about this issue. I’m trying hard to change my mindset and just enjoy life. This is a sad situation but feeling so bad about it all the time is a bad choice I’ve been making. I’m trying to just be happy and grateful for the life I have. In today’s world as a young person, the best thing you can do is not let all the negative things hold you down, just try to find happiness and peace anyway.

[@Bmike5117]

I don't understand this. I live on only like 1050 a month and save the rest. What do people spend all their money on that they can't buy a house?

[@TheGoldenLeek]

There's a home near Nashville that's 180k. Roof is torn up, the inside looks like it's barely holding together. The options in Tennessee are abysmal.

[@javajunky215]

A starter home when I was growing up in the 80's for our family of 4 was 1100 square feet. Now everyone thinks a starter home is a 2000 square foot McMansion.

[@nekk-ra7080]

No. Between investment groups buying homes en masse for passive profits, and buildings codes and environmental regulations jacking constructions costs through the roof, good luck. I inherited my family home, but I feel for anyone looking for a house, because it's worse than it was before the 2008 market crash. Even little shacks in my rural area sell for ridiculous prices ridiculously fast.

[@sowhappy]

I bought my house a couple years after 2008 because I needed to "check-off" life achievements in my mid-twenties. So grateful for that drive. I'm never selling it so as to pass it on to my son as well. That's the purpose of family...to create generational wealth by not starting over every time by kicking kids out by 18. Property taxes get worrisome though since we're in the burbs but 5-10 minutes from all our needs.

[@saulgoodman2018]

Boomers, like Dave Ramsey, always say it was expensive 50 years ago. But 50 years ago, everything was much cheaper. Houses went up like 2,000-5,000% or more. Pay maybe went like 1,000%. 50 years ago, you can rent in NY and Cali for under $500.

[@lisasmitley8414]

No to mention the quality of products have gone down so you have to replace items more often.

[@CatholicTraditional]

@@lisasmitley8414Yes, an $80 Tommy sweater vest I got last Christmas had it’s armpit rip a month later.

[@marcusgaming7114]

Nashville is pretty safe overall. Yes, there are sketchy areas. I bought in the gulch last fall. I walk all over all the time.

[@dm96177]

The median home price in Phoenix now is 500k+. The homes available at this price are maybe worth 200k…. Everything is overpriced and I feel for my young and hard working peers that weren’t able to get into the housing market a few years back. The only reason we were able to buy in 2020 is because we are high earners. but even today we wouldn’t want to pay 5k/month for a mortgage on a crappy house.

[@ASMRDoodlez]

I bought my house one year ago. I had about $32k saved up, only because my parents let me live with them on very little rent. $20k was for the down payment and closing, while the rest was for savings and things I'd need. I was looking around the Twin Cities area. Almost all of the houses in my price range were in North Minneapolis and/or not move-in ready. I ended up in a small townhouse in an iffy subrub with an HOA that was $160/mo just before I bought it, but is now $225/mo. The house cost $175k, and likely would have been more if it wasn't nearing foreclosure. With the HOA, my house costs over $1400/mo. Homes under $250k without an HOA are very rare here unless they're in the middle of the dangerous part of Minneapolis or over an hour outside of the city.

[@susanpumphrey354]

Coming in hot with a Tucker & Dale clip though. 😂

[@ettie366]

2hrs?!!! My university is 2hrs away from where I’m renting and I’m exhausted from it every time I have to go in. I can’t imagine having to do that for work for years to come. Props to you for having the energy and the will to put in the effort 👏👏❤

[@sethbender2863]

It’s so scary. And our parents don’t realize it. House prices are doubled in 4 years, like that’s not sustainable

[@f7i6f67fkh]

Thats what happens when Democrats decided to hand out thousands to most Americans (early 2021).

[@OmahaTonyG]

You could probably get a starter home here for $250k. The problem is that those homes are rare.

[@Diametricallyopposed00]

I assume…Omaha?

[@DrawinskyMoon]

That because those homes are being bought and tore down into townhouses and combined condos.

[@jakeedgell591]

Most starter homes are owned by landlords who will never sell them, so those of us trying to buy a starter home are battling over a couple percent of the houses because the rest will never go on the market again

[@gregoryadler7806]

@@Diametricallyopposed00Where one of the wealthiest man in the world lives….maybe there are some places other than NY or LA you might want to think more about.

[@Nicole__Natalia]

@@jakeedgell591 I didn’t even think of that. That’s a great point and makes me even more depressed. Thanks lol

[@VonW0lf3N5t31N]

I bought my first house for $740,000. Average home price in Canada is $729,000. It's awesome!

[@sheyw4891]

So thankful to be from a small town and used to a meager income that metro people can’t imagine surviving on. Cannot imagine the city life struggle

[@dedamarsovac]

Now this editing was .. different. I kinda like it!

[@allthingscooking8731]

Makes me very grateful that my husband and I found a house in our city that was a starter home, move in ready, in a good neighborhood under $200,000, 5 minutes from work! Never dawned on me that that’s the exception and not the norm.

[@omomo202]

Where is this?? 😊

[@Kevin.Costner.]

Time Traveling Backwards, “wait you guys can buy homes”

[@_diet_coke]

Brett, most do spend frivolously...be real about young people. They do not know how to budget and they make terrible financial decisions. They are absolutely influenced by social media. Everyone expects to be high earners without actually putting in the work. It takes time to build wealth.

[@douglasodom4992]

Brett, there are plenty of homes for sale that are relatively affordable. HOWEVER, these homes are in need of TLC and a willingness to do some hard work and live with imperfection for a bit. We bought our house that required a lot of work, was in a great neighborhood and was not part of an HOA. The house was solid. Folks, when you are younger and want things-especially houses/cars. You gotta start small and work into the level you desire. Our house we bought has doubled in value since 2011. It has a couple updates: bathrooms and windows and a new garage door and kirchen appliances. Same cabinets as were installed circa 1980. Find some older house with good bones. Sweat Equity.

[@KaylaRussell77]

*Thank you Angela Christine Derle for $60,000👍🏻. So many opportunity to make money here on KZbin but most people don’t know. Thank you for continuing updates I'm favoured, $60,000 every two weeks ! I can now give back to the locals in my community and also support God's work and the church. God bless America*

[@MarieRandy438]

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

[@KaylaRussell77]

Thanks to my co-worker (Alex) who suggested Ms Angela Christine Derle.

[@KaylaRussell77]

After I raised up to 325k trading with her l bought a new House and a car here in the states 🇺🇸 🇺🇸 E also paid for my son's surgery (Andy). Glory to God.shalom.

[@liamcarpss]

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

[@KaylaRussell77]

Sure! She engages on what's Apk using the digit

[@InfiniteLore7]

No

[@imblack98]

Congrats

[@madelineoakland5070]

This is so so true. We bought our old 1954 home last year. It has Poor water pressure and in an older neighborhood. We have the oldest house out of all our friends. It was 356,000. We couldn’t afford anymore than that. We are just thankful to even have a home.

[@carrisebear3499]

My husband did whatever he could to buy a home. He bought the shittiest, foreclosed, starter home in a nice area. Immediately rented out rooms in it. He worked two jobs and fixed it up little by little (or not at all in some places) I met him right after he bought it. He did it because his priority was his 2 German shepherd dogs. No place would let him rent. We doubled the value of his home in 11 years. This was in Littleton Colorado. We took that money and got our dream home in Wyoming. We both have not made over $20 until recently and most of the time, I was raising our babies at home. It can be done though it’s not easy.

[@screwdestiny]

I love this story. Well done!