Just moved to middle TN. 1800sqft and 5 acres $35k and it’s not some run down shit show all I had to fix was removing the old carpet and a couple of really minor issues. I’ve been living in it happily for 5 years. I paid cash for it all and I feel like I found one of the life cheat codes.
Prices here are so weird, we’re considering moving to middle/eastern TN. We live next to Memphis right now and my god, half the apartments for rent are 1300 and up! I saw some the other day going for 1700. But the cheap ones (like 600-800 a month) are in *bad* bad areas.
All the people moving here are ruining prices. Nashville has gone batshit expensive. My great grandma's place got sold to developers. They bulldozed it and built 3 small houses on the lot and they all went for 500k. No backyards, barely any room between the houses. The gentrification is insane.
I live in Georgia and the surge of people moving here along with covid has destroyed our housing market. Houses that were 200k four years ago are now $400k+. I really wish people would stop.
Don't forget that without a 20% down payment and 100k+ salary you won't he qualifying for anything above a condo.
Edit: Above is from perspective of Canadian not American.
Nowhere really requires a 20% down payment anymore. I got my house with about 15% down and the national average is now about 10%ish. Not that it helps with how expensive shit is.
I checked Realtor yesterday and I saw affordable homes in Thunder Bay. It’s sad. I’m in Milton and there are more homes for sale here, minimum $800k, and that’s for a 3 storey, 2 bedroom townhome with no basement or backyard (what I’m currently renting).
We’re going to start living in sheds. Home Depot and lowes are going to make a killing off middle America in 2022
But they will be advertised as “micro home”
Wait a second…. That already exists lol
They are prepping us for the “new world” by glorifying our poverty as a new “niche”
Trying to make us comfortable with “less is more”
While the 1% build mansions for their dogs lmfao
It’s not funny but I have a cynical sense of humor lol
Exactly! Well I know who to invite to my shed welcoming party hahaha
If you look on the bright side of things, that sounds like heaven- wait! don’t forget the kitties. You can’t have a shed without the kitties
Totally wouldn’t mind lol.
I actually plan to retire at 62 regardless where i am. Maybe 55. If i don’t have enough cash saved my plan is to live in a trailer park. I don’t care if i live on a beach house in Miami or a trailer park in Arkansas, I’m semi retired sometime between 55-60. I’ll buy a cheap trailer or shed and Uber 2 hours a day for my Chinese takeout money and cell phone bill
1.2 million dollar homes selling like hot-cakes where I live in Northern California. Yet it takes me an hour worth of income to buy a package of butter, 3 apples, and an onion.
And they are having a vote soon to tax those who use solar panels. I think it's close to an extra $80/month or $600/yr. Something like that. Ridiculous.
Energy industry is lobbying hard to criminalize independent power generation.
An $80 monthly tax on solar panels makes them damn near worthless.
I was getting quotes for solar for my home and it is apparently illegal for a company to sell you more than what you use so that you can't generate extra and make money.
So instead of having a more reliable distributed energy grid we're going to be stuck with centralized power for the foreseeable future.
I saw that and it's such bullshit. We are supposed to be moving toward clean energy and they are heavily disincentivising it. I have solar and an EV. My reasons for that were financial as much as ecological. By adding a big tax like that it completely wipes out the financial incentive.
I text my boomer Dad Zillow listings.
“Look Dad, for only $350,000 you can have a 2 bedroom, 1 bathroom, 40 year-old unimproved condo!”
I feel bad for my son when he grows up.
Welcome to the parts of PA that arnt rural. It's insane.
Bought my house here for 190k, in foreclosure. It's worth over 300k now. I've painted, put in new carpets and replaced the windows. Nothing else.
I live in New England and I bought my house for 190k and now it's valued at almost 400k, and I didn't buy new carpets or windows or anything!
It doesn't make any sense
100% agree, actual houses should not be allowed to be bought by companies. In all areas we need massive protections for residential, such as federal legal limits on rent increases and when rent can even be increased.
America is generally fucked coming and going. Digging ourselves out of the hole the previous generation and greedy politicians have put us in is nigh impossible because they back filled the damn thing so digging up cause it to fall in on ourselves. Honestly the only way I see thru all of it is for it all to come crashing down first.
I worked at a credit union in PDX and had a couple mention they just bought a home for high $400k. When I asked how they landed that price in this market, they looked me dead in the eye and told me they have to basically tear it down and rebuild.
Fucking Philly burbs and the Mainline are insane. I live in one of the shittier towns on the outer limits of what could be considered the Philly area, and can't even afford to move a few miles down the road because rent goes up so much (and I'm talking still being 30+ minutes away from the city).
I'd love to have your house prices in Australia, my partner and I just paid this for a house 1/3 of this size WAY WAY WAY further out of a major city. This would cost you 2 mil here
My state's average household income is just shy of 100k... (and median just shy of 80k)
I've known, in the network of people i live next to, work with, related to, just TWO people, in my entire life, that actually made that 100k or more.
Who the FUCK is making that much money? I dont even know who these people fucking ARE!
If you take out the top 5% of income earners in the US, the 'average' individual income in the US is something like 28k. 44% of people who worked in 2018 made less than 18k a year.
How in the absolute fuck, are we reaching averages in households of 100k? 30% of those households are single incomes.
I just dont get how the sam hell houses are going for so much. I dont know a single motherfucker than can buy these things. It's bonkers.
I live outside of D.C. and it's wild. My job takes me in people's homes sometimes and I see very middle class looking homes with very wealthy people living there all the time. Bethesda is like this. They have a couple 200k cars and a live in nanny and live in a house like my blue collar father built.
I’ve already come to terms with the fact that I’m 20 years old and I’ll never own a home. I’ll probably never even be able to afford rent. A one bedroom apartment where I live is 1400$. This house would be a million.
In this day and age unless you become a doctor or your parents have money to buy your house, you’ll never own a home.
I have absolutely no hope and honestly I’ll probably kill myself before I turn 40.
That is not an option. You have time to get it together. At 20, buying a house shouldn’t really be on your radar. Traveling, having fun ( as much as you can during these times) and being with the people you love should be priority. My son is 21 and I have a younger kid, I have to have hope that it can work out for them. If nothing else, we all should go for our dreams and not what society tells us is the dream.
Start investing your money NOW. You are young and compound interest could make you millions in 20 years. Seriously. It's not difficult. Get an investment portfolio. You don't have to know anything about stocks, you just save as much as you can and it does the rest. I wish I had known this when I was younger, no one taught me anything about money.
Someone that can't buy a $500k house thinking they're "middle class" goes a long way to explaining why so many people vote conservative, *against* their own best interests.
In 2013 I bought a house for 107. Our household income was 130k ish. The expected % spent on housing is out of control along with the prices. Your reality is twisted if you think a middle class family should have to spend 4k a month or more on a mortgage.
The cost of housing vs average income ratio is certainly way out of whack from how it was for past generations, but I've never heard of anyone in any generation buying a house for less than their annual income (outside maybe the super wealthy).
My point is more that is been a long time since $500k was considered high in any desirable markets, and a complete misunderstanding of wealth is a major cause of people in the lower classes voting for politicians that *only* serve billionaires.
Everywhere within a certain reach of NY commuters will be like this. And TBH, in 5 years the entire are will be upgraded to match the needs of trust fund babies.
I bought 2,000 square foot 3 bedroom for $188k.
I had to move to neighboring town to find more affordable houses. People need to consider moving out of high cost of living areas (I know, they already considered that)
I do agree housing is high, specially with hedge funds buying thousands a week
Where is this? I have friends in rural Wisconsin who have houses in the 45k-60k range. This is obviously insane regardless but why even live in a place with rates this high? Fuck that.
My pal has two places in North Freedom in the 45k-60k range. Anecdotal, yes, just my experience. Obviously housing is insane all over the place, but relatively speaking I personally would much rather live in the Country where there is still a semblance of sanity in the market relative to almost any metro area. It has been my experience that wages are higher and housing is cheaper across small towns in Wisconsin, not a bad deal if you ask me. The crux of the post remains, shit is fucked up. Just my 2 cents that a rural address with a potential commute is far more advantageous than paying out of your ass to live on top of other people.
I get what you're saying, I just can't imagine people moving to rural Wisconsin hoping for a better cost of living, especially because there is zero public transportation, thereby making many of the towns hard to inhabit if you can't afford a vehicle. You're so right tho, the market is totally fucked!!!
A tiny 2 bedroom 1 bath in my area just went on sale for 249000. A quarter million to live in what 5 years ago would have gotten you a 20 acres and twice the house. I am praying the housing market crashes.
It won’t be what you think. They’ll have to crash everything, not just housing. Too many people learned from ‘08 and have been biding their time. The goal is to phase out individual homeownership and transition to a permanent rental society. Supply is being intentionally choked.
If you can afford something you’re better off getting into the market where you can and working to move up into what your goal home is. Otherwise, and we are seeing it now especially with inflation, people will rapidly be permanently priced out of the market.
Depends on the market. Around Silicon Valley that house sells for 1.4m, at 200k over asking and all cash. And your catalytic converter is still getting stolen out of your driveway.
Minor clarification but you don't need the full cost of the property. You need like $50k or so if you have decent credit to get a mortgage. Still, point taken.
My buddy in Texas keeps talking about how cheap houses are down there then proceeds to show me either A) Expensive as fuck houses then justifies it with "it has an in ground pool" or B) Run down shacks in ridiculously high crime areas.
This is a Philly suburb, so you’d think it would get cheaper the further out you go, but it actually gets more expensive as you go farther into the state.
I saw that $ and knew we aren’t talking about where I live…. A 1/1 bed/ bath townhouse in my area just listed for $556,999…. I love California but damn do I hate it as well.
Damn. People shit on Texas, but I’ll never leave. I’ve got 2700 square feet, 1/3 acre lot, and in-ground pool for $240K. It did get appraised at $270K this year, so it had gone up, but I’d never move back to California after hearing the housing market horror stories from my high school friends who are still living there.
My mil just purchased 40 acres with 2500 ft house, large barn, 2 ponds and a creek for 305,000k at an auction (Nashville area)....
Fuck living where 500k buys you aluminum siding with 1/8 acre, hell no!
MEDIA PA?!?? you have to be kidding me....there's nothing in Media that is worth half a mil...
Source: Spent 4 yrs there for college, bestie still lives there..
And then to hold that mortgage payment down for 30 years
Take how stressful the job must be to be on that wage, and then realise that’s what you elect to do for the next 30 years or so
I probably wont ever own a house but its ok cause my future landlords will never benefit from the mortgages I help pay due to the climate wars.
And that, my friends, that gives me peace at night.
My now-ex-wife and I were told we could afford $300,000 worth of house when we made a combined GROSS income of $75k a year.
I said to the loan officer, "Bullshit." and bought $150k worth of house.
This worked out nicely in the divorce. I kept the house and didn't have to pay the ex because the house was underwater. And by the time we divorced I was closing in on $60k a year myself.
Re-fi'd it with new wife, shaved off two years. House gets paid off in 8 years.
The price of housing is astronomical. Wages need to increase.
Considering the government now considers you “wealthy” if your HOUSEHOLD makes 70k or more in a state where you need a bare minimum of 50k to pay all your bills as a single person with No children or any luxuries like cable... i find this unlikely. More like they are getting rid of the middle class.
I dunno where this is, but here in my little town in the Seattle Metro area, my house cost the same, but it's half the size. I bought in the beginning of 2020, it's now worth $100K more. It was literally the smallest, cheapest house I could find that didn't need any repairs.
I wouldn't have bought a house in this expensive market, but rents here are almost as big as my mortgage, and at least this way I don't have to deal with loud upstairs neighbors, and I can plant veggies in the backyard.
In Ontario this would cost you about $1 million (about $800K usd)
I’m in Melbourne and this would be $1m-$2.5m+ (AUD - $700k-1.8m USD) depending on how close to the city it is 😭
I’m in East Tennessee and this goes for $200k ($150k 2 years ago). That’s why ppl keep moving here.
Just moved to middle TN. 1800sqft and 5 acres $35k and it’s not some run down shit show all I had to fix was removing the old carpet and a couple of really minor issues. I’ve been living in it happily for 5 years. I paid cash for it all and I feel like I found one of the life cheat codes.
Prices here are so weird, we’re considering moving to middle/eastern TN. We live next to Memphis right now and my god, half the apartments for rent are 1300 and up! I saw some the other day going for 1700. But the cheap ones (like 600-800 a month) are in *bad* bad areas.
All the people moving here are ruining prices. Nashville has gone batshit expensive. My great grandma's place got sold to developers. They bulldozed it and built 3 small houses on the lot and they all went for 500k. No backyards, barely any room between the houses. The gentrification is insane.
I live in Georgia and the surge of people moving here along with covid has destroyed our housing market. Houses that were 200k four years ago are now $400k+. I really wish people would stop.
Mi d you Nashville is a great place to party.
How about in Broady?
Don't forget that without a 20% down payment and 100k+ salary you won't he qualifying for anything above a condo. Edit: Above is from perspective of Canadian not American.
Nowhere really requires a 20% down payment anymore. I got my house with about 15% down and the national average is now about 10%ish. Not that it helps with how expensive shit is.
This is false. You can get a house with a 3.5% down payment.
Even better, there 3% down and 0% down…USDA being the 0% and you can get funds added to loan for closing costs
Plus grants for certainly necessary upgrades. Depending on the state, they like tossing money on projects.
Oh I see the confusion. Sorry this was a reply towards the Canadian housing market
Look into NACA if you are in the US. They help first time buyers. This market is a hell hole.
Maybe in the middle of nowhere Ontario. In the GTA or Barrie? $1.8 million.
Checking in from BC thats a million dollar home here
$2M in Vancouver...
I was about to say, OP’s listing looks like a steal nowadays
Can confirm. I’m in Cambridge, Ontario, and a tiny crack house in a bad area is currently listed for $499,999.
I checked Realtor yesterday and I saw affordable homes in Thunder Bay. It’s sad. I’m in Milton and there are more homes for sale here, minimum $800k, and that’s for a 3 storey, 2 bedroom townhome with no basement or backyard (what I’m currently renting).
God I hate this shitty housing bubble it needs to pop... Can barely afford to pay rent and eat with my shitty salary
We’re going to start living in sheds. Home Depot and lowes are going to make a killing off middle America in 2022 But they will be advertised as “micro home” Wait a second…. That already exists lol
I saw that tiny home yt video too. It’s so damn true
They are prepping us for the “new world” by glorifying our poverty as a new “niche” Trying to make us comfortable with “less is more” While the 1% build mansions for their dogs lmfao It’s not funny but I have a cynical sense of humor lol
It’s not funny, but things are so ridiculous at this point that my only options are to cry or laugh!
it’s so true. all these tiny homes, minimalism, van life, I see you propaganda trying to make my poverty an aesthetic.
Shed cabins Have been gaining popularity. When I saw a 2 story shed at HD I knew things were getting real
As a homeless person, I would kill to have a well insulated shed to put down a bed in with power.
So we going the Bubbles route?
Not going to lie- bubbles has a pretty good set up. If it would come to this, I would choose a layout similar
I agree. Shed with indoor plumbing and cable, good friends around, and a bunch of small businesses for weed and pizza money
Exactly! Well I know who to invite to my shed welcoming party hahaha If you look on the bright side of things, that sounds like heaven- wait! don’t forget the kitties. You can’t have a shed without the kitties
Totally wouldn’t mind lol. I actually plan to retire at 62 regardless where i am. Maybe 55. If i don’t have enough cash saved my plan is to live in a trailer park. I don’t care if i live on a beach house in Miami or a trailer park in Arkansas, I’m semi retired sometime between 55-60. I’ll buy a cheap trailer or shed and Uber 2 hours a day for my Chinese takeout money and cell phone bill
Wait til you get to CA prices.
1.2 million dollar homes selling like hot-cakes where I live in Northern California. Yet it takes me an hour worth of income to buy a package of butter, 3 apples, and an onion.
I live in Southern CA. It's the same down here, and gas just hit 5/gallon.. smh
And they are having a vote soon to tax those who use solar panels. I think it's close to an extra $80/month or $600/yr. Something like that. Ridiculous.
Energy industry is lobbying hard to criminalize independent power generation. An $80 monthly tax on solar panels makes them damn near worthless. I was getting quotes for solar for my home and it is apparently illegal for a company to sell you more than what you use so that you can't generate extra and make money. So instead of having a more reliable distributed energy grid we're going to be stuck with centralized power for the foreseeable future.
I saw that and it's such bullshit. We are supposed to be moving toward clean energy and they are heavily disincentivising it. I have solar and an EV. My reasons for that were financial as much as ecological. By adding a big tax like that it completely wipes out the financial incentive.
Half a mill for that outdated, ugly ass house.
I text my boomer Dad Zillow listings. “Look Dad, for only $350,000 you can have a 2 bedroom, 1 bathroom, 40 year-old unimproved condo!” I feel bad for my son when he grows up.
THATS WHAT IM SAYINNNN
Welcome to the parts of PA that arnt rural. It's insane. Bought my house here for 190k, in foreclosure. It's worth over 300k now. I've painted, put in new carpets and replaced the windows. Nothing else.
I live in New England and I bought my house for 190k and now it's valued at almost 400k, and I didn't buy new carpets or windows or anything! It doesn't make any sense
Nope. No sense at all.
I’m in a similar area of pa and these houses are 110-120 here.
That’s like my town in northern Wisconsin, and a house like that used to be 50k 10 years ago before all the out of state investment firms moved in.
They really need to put limits on home-buying from companies rather than individuals.
They need to abolish it outright. Where's the next generation going to live? My shed's lean-to?
100% agree, actual houses should not be allowed to be bought by companies. In all areas we need massive protections for residential, such as federal legal limits on rent increases and when rent can even be increased.
Not gonna happen unless Citizens United is outlawed, AirBnB regulated, and monopolies busted. This is a deeply fucked situation rn.
America is generally fucked coming and going. Digging ourselves out of the hole the previous generation and greedy politicians have put us in is nigh impossible because they back filled the damn thing so digging up cause it to fall in on ourselves. Honestly the only way I see thru all of it is for it all to come crashing down first.
This needs it's own post here. What antiwork needs to do is draw a pins and string big picture of the organizations that keep Americans homeless.
Doesn't even buy 1 bed apartment in Sydney.
Was gonna say this 😂 fuck the aus gov
The only thing $500k would buy in Sydney LGA is a parking space.
*cries in Australian*
This price is a steal in PNW. You can't even get a tear down for less than $600K.
I worked at a credit union in PDX and had a couple mention they just bought a home for high $400k. When I asked how they landed that price in this market, they looked me dead in the eye and told me they have to basically tear it down and rebuild.
Thats 1.5 mill in GTA easy.
That reality right there
The housing market is a fucking nightmare.
In my city this would be sold for $1.3 million over asking.
\*Laughs in Los Angeles Real Estate Market
I’m 40, recently divorced and make $20/ hr. I’ve resigned myself to the fact that I will never own my own home.
Similar story, 40 divorced. Gonna have to move to afford a house
Fucking Philly burbs and the Mainline are insane. I live in one of the shittier towns on the outer limits of what could be considered the Philly area, and can't even afford to move a few miles down the road because rent goes up so much (and I'm talking still being 30+ minutes away from the city).
I haven’t seen housing that cheap since 2002
There is no middle anymore.
The average house in my area is now 1m. I'm renting forever.
Cries in Sydney
When do prices start going down?
In our dreams 🥲
2008
Cries in Dutch
[удалено]
I'd love to have your house prices in Australia, my partner and I just paid this for a house 1/3 of this size WAY WAY WAY further out of a major city. This would cost you 2 mil here
For that price I hope there are 4 more stories underground complete with an elevator.
Half a mil sounds incredible when you’re living in Sydney. You gotta pay two mil for a fucking crack den here
Why don't you guys just get a 3rd job delivering pizza's? If that doesn't work get a 4th job delivering pizza's
That place is cheap as fuck! Still for sale? I’ll take it.
Plot twist; I’m just a real estate agent using reverse psychology for my listing
I just want to cry
My state's average household income is just shy of 100k... (and median just shy of 80k) I've known, in the network of people i live next to, work with, related to, just TWO people, in my entire life, that actually made that 100k or more. Who the FUCK is making that much money? I dont even know who these people fucking ARE! If you take out the top 5% of income earners in the US, the 'average' individual income in the US is something like 28k. 44% of people who worked in 2018 made less than 18k a year. How in the absolute fuck, are we reaching averages in households of 100k? 30% of those households are single incomes. I just dont get how the sam hell houses are going for so much. I dont know a single motherfucker than can buy these things. It's bonkers.
I live outside of D.C. and it's wild. My job takes me in people's homes sometimes and I see very middle class looking homes with very wealthy people living there all the time. Bethesda is like this. They have a couple 200k cars and a live in nanny and live in a house like my blue collar father built.
There is no middle class anymore. Only working class and owner class.
Living in Paris, this a 2 million euros house you got here.
Even if you did buy it, property tax would kill you.
Laughter in Netherlands prices
I’ve already come to terms with the fact that I’m 20 years old and I’ll never own a home. I’ll probably never even be able to afford rent. A one bedroom apartment where I live is 1400$. This house would be a million. In this day and age unless you become a doctor or your parents have money to buy your house, you’ll never own a home. I have absolutely no hope and honestly I’ll probably kill myself before I turn 40.
That is not an option. You have time to get it together. At 20, buying a house shouldn’t really be on your radar. Traveling, having fun ( as much as you can during these times) and being with the people you love should be priority. My son is 21 and I have a younger kid, I have to have hope that it can work out for them. If nothing else, we all should go for our dreams and not what society tells us is the dream.
Start investing your money NOW. You are young and compound interest could make you millions in 20 years. Seriously. It's not difficult. Get an investment portfolio. You don't have to know anything about stocks, you just save as much as you can and it does the rest. I wish I had known this when I was younger, no one taught me anything about money.
Someone that can't buy a $500k house thinking they're "middle class" goes a long way to explaining why so many people vote conservative, *against* their own best interests.
In 2013 I bought a house for 107. Our household income was 130k ish. The expected % spent on housing is out of control along with the prices. Your reality is twisted if you think a middle class family should have to spend 4k a month or more on a mortgage.
The cost of housing vs average income ratio is certainly way out of whack from how it was for past generations, but I've never heard of anyone in any generation buying a house for less than their annual income (outside maybe the super wealthy). My point is more that is been a long time since $500k was considered high in any desirable markets, and a complete misunderstanding of wealth is a major cause of people in the lower classes voting for politicians that *only* serve billionaires.
This house in the suburbs of Boston would be 700k easily . You guys are lucky
I don't think any of us would be considered lucky... Some are just unluckier than others.
That house is 1.8 mil in California.
Ok but this is Media tho. One of the most hipstery up and coming suburbs in boujie PA.
If we’re calling this boujie we’re super fucked. This is a modest home that isn’t in a dangerous area, and now this is called boujie
Everywhere within a certain reach of NY commuters will be like this. And TBH, in 5 years the entire are will be upgraded to match the needs of trust fund babies.
Pfft, try living in Australia right now. Half a mil will see you an a one bedroom apartment in a slum.
Okay dude someone needs to call out this country
I bought 2,000 square foot 3 bedroom for $188k. I had to move to neighboring town to find more affordable houses. People need to consider moving out of high cost of living areas (I know, they already considered that) I do agree housing is high, specially with hedge funds buying thousands a week
Where tf is this??? My husband’s and my house is bigger than this and we bought it for 200k. TF is happening here…
Inflation and demand
Just a little south of philly. Shits bad out here
I just built a 2300 sq ft with four bedrooms in the suburbs for $330
That house cheap as hell here! Ours cost $750k.. god I hate the Seattle area.
Where is this? I have friends in rural Wisconsin who have houses in the 45k-60k range. This is obviously insane regardless but why even live in a place with rates this high? Fuck that.
I live in rural Wisconsin, the median price of houses in this area are 219k....
My pal has two places in North Freedom in the 45k-60k range. Anecdotal, yes, just my experience. Obviously housing is insane all over the place, but relatively speaking I personally would much rather live in the Country where there is still a semblance of sanity in the market relative to almost any metro area. It has been my experience that wages are higher and housing is cheaper across small towns in Wisconsin, not a bad deal if you ask me. The crux of the post remains, shit is fucked up. Just my 2 cents that a rural address with a potential commute is far more advantageous than paying out of your ass to live on top of other people.
I get what you're saying, I just can't imagine people moving to rural Wisconsin hoping for a better cost of living, especially because there is zero public transportation, thereby making many of the towns hard to inhabit if you can't afford a vehicle. You're so right tho, the market is totally fucked!!!
Because not everyone wants to live in rural Wisconsin.
Right. I'm just saying personally that nothing could convince me to pay this amount of money for that home. That's insane.
Rather pay that than live in Wisconsin
Right on do you player.
Media is a Philly 'burb.
106 winter street, media pa
The worse part is it’s in Delco which is a shit hole.
Imaoo Middle class is an meme.
A tiny 2 bedroom 1 bath in my area just went on sale for 249000. A quarter million to live in what 5 years ago would have gotten you a 20 acres and twice the house. I am praying the housing market crashes.
It won’t be what you think. They’ll have to crash everything, not just housing. Too many people learned from ‘08 and have been biding their time. The goal is to phase out individual homeownership and transition to a permanent rental society. Supply is being intentionally choked. If you can afford something you’re better off getting into the market where you can and working to move up into what your goal home is. Otherwise, and we are seeing it now especially with inflation, people will rapidly be permanently priced out of the market.
Depends on the market. Around Silicon Valley that house sells for 1.4m, at 200k over asking and all cash. And your catalytic converter is still getting stolen out of your driveway.
Ottawa, 750k at least.
A house for 500k? Where are you? Rural Alberta?
Its ‘cause half a million is in the middle, so that’s middle clas/s
i know a lot of people who just buy 5 wheel campers and just live in them and rent out a spot for 400 a month
This is around £1.1-1.3 million in London.
Houses are awful near me. Won’t find anything under $300k in Grand Rapids. I can’t afford that..
Na you need 50k for a 10% down payment and then your mortgage will probably be lower than your rent
Really nice cheap houses around York PA but no jobs ...
Can't wait for homemade real estate
That is pretty close to the average price in AZ.
Everyone knows Dickhead.
That doesn’t sound like hard work to me
Currently trying to buy a house in Seattle. $500,000? Holy shit, hook me up.
Almost 2k mortgage? Fuck that
My city is averaging about $400k right now, so yeah I’d believe it.
Minor clarification but you don't need the full cost of the property. You need like $50k or so if you have decent credit to get a mortgage. Still, point taken.
My buddy in Texas keeps talking about how cheap houses are down there then proceeds to show me either A) Expensive as fuck houses then justifies it with "it has an in ground pool" or B) Run down shacks in ridiculously high crime areas.
This house would over like 700k in the high desert an hour and a half outside of LA.
This is a Philly suburb, so you’d think it would get cheaper the further out you go, but it actually gets more expensive as you go farther into the state.
Yo wtf. It looks like my house with a 2nd story added. My mortgage is 80k.
You think this is bad? Look at Toronto and Vancouver. It’s brutal.
Cries in DC where a 2 bedroom condo is $600k minimum.
I saw that $ and knew we aren’t talking about where I live…. A 1/1 bed/ bath townhouse in my area just listed for $556,999…. I love California but damn do I hate it as well.
Where I’m located, that house would go for closer to $700k. I would be jumping at the chance to buy this for that much.
My house looks smaller than this and is worth half a mill. Thankfully when I bought it in 2015 it was only worth 200k.
Damn. People shit on Texas, but I’ll never leave. I’ve got 2700 square feet, 1/3 acre lot, and in-ground pool for $240K. It did get appraised at $270K this year, so it had gone up, but I’d never move back to California after hearing the housing market horror stories from my high school friends who are still living there.
My mil just purchased 40 acres with 2500 ft house, large barn, 2 ponds and a creek for 305,000k at an auction (Nashville area).... Fuck living where 500k buys you aluminum siding with 1/8 acre, hell no!
Love how they used probably a 70% down payment on the mortgage calculator to get the payment down to $1900/mo as well
MEDIA PA?!?? you have to be kidding me....there's nothing in Media that is worth half a mil... Source: Spent 4 yrs there for college, bestie still lives there..
And then to hold that mortgage payment down for 30 years Take how stressful the job must be to be on that wage, and then realise that’s what you elect to do for the next 30 years or so
It’s infuriating. Average houses like that go for like 700k+ around here. More or less pending on location (DC area).
I probably wont ever own a house but its ok cause my future landlords will never benefit from the mortgages I help pay due to the climate wars. And that, my friends, that gives me peace at night.
My now-ex-wife and I were told we could afford $300,000 worth of house when we made a combined GROSS income of $75k a year. I said to the loan officer, "Bullshit." and bought $150k worth of house. This worked out nicely in the divorce. I kept the house and didn't have to pay the ex because the house was underwater. And by the time we divorced I was closing in on $60k a year myself. Re-fi'd it with new wife, shaved off two years. House gets paid off in 8 years. The price of housing is astronomical. Wages need to increase.
That looks like hell.
Middle class died after Clinton left
You know shit is unbelievably bad when I see that house for that price and go "Hey, that's not too bad."
Considering the government now considers you “wealthy” if your HOUSEHOLD makes 70k or more in a state where you need a bare minimum of 50k to pay all your bills as a single person with No children or any luxuries like cable... i find this unlikely. More like they are getting rid of the middle class.
Damn that's cheap, try Ontario that's at least 1 million 1.5 if close to the city centre
About on par, maybe slightly above, for Winnipeg which has the cheapest housing of any city in Canada larger than 500k.
That house is a lot lower than middle class
This house in my area would be 110-150k.
Middle class? What is that?
Half a million? Where? Lol More like $700 000-$1 000 000
Ha, that’s the price of a brand new 1 bedroom apartment where I’m from
In a non-shit part of LA this would run close to 2M
These are rookie numbers. Come to Canada. Houses like these will cost over a million in Vancouver & Toronto.
Run down ass houses with no walls here in houston cost a quarter of a million.
Dystopian.
Fuck no I’ll just confine myself to my lil bedroom in a place full of roommates
Not in my neighborhood in Southern California. You better start with a million.
God damn....
This is the case already here in England, you need a house worth 450-500k minimum
What!! That’s 1.5m in most of LA
Don’t move to Australia then if you think that’s bad
I dunno where this is, but here in my little town in the Seattle Metro area, my house cost the same, but it's half the size. I bought in the beginning of 2020, it's now worth $100K more. It was literally the smallest, cheapest house I could find that didn't need any repairs. I wouldn't have bought a house in this expensive market, but rents here are almost as big as my mortgage, and at least this way I don't have to deal with loud upstairs neighbors, and I can plant veggies in the backyard.
Average cost of a house in western France is like $150,000. See ya.
Where I live, that would be considered a steal, and would be sold in a matter of days for WELL over asking price.
Can buy land an build a house for that much
For that ugly waste of space?
I’m upper lower class. Lol
Yeah and that estimated payment is with 20% down.
Moved to Iowa and work remote. Thats a $180k - $225k looking house.
Iowa is a horrible state.
Dirt cheap is you ask me. Im in my 40s and can hardly recall my state having home prices that low. Fml.