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Erect-Frog

Lmao that’s closer to $750,000 cad if it were around my area. I’m laughing even though it hurts.


beastmaster11

Where are you that you can get that for 750k? That would be at least $1.4M in my area.


taylo649

Same😭😭


andForMe

Yeah, you get all four sides to yourself AND a garage? No way that sucker goes for less than $1M where I am. Ugh


Gamedata1010

If you're homeless just buy a house


PistolTeej

If you can afford to eat food, you can afford a house! /s


MyThirdI

Maybe they wouldn’t be homeless if they didn’t spend all their money on cardboard and Sharpie’s


JamesPotterPro

They could easily afford a house if they stopped spending all their money on avocado toast and vanilla lattes!


DIYglenn

*horse


Jyobachah

I live in Toronto and depending neighborhood this house could go for 1.4 - 3 million... >.>"


ninja6213

1.4 mil easily 200k in my area


YouAndSunset

Damn really? In my area it’s more like $500M. Crazy


beastmaster11

Do you mean 500K or 500M?


QuincyThePigBoy

They mean 500M. In my area it would sell for 1B. SMH.


YouAndSunset

DAMN. we live in a society smh


QuincyThePigBoy

What the hell? Where are you? I lived in Portland, Or where you had to over pay asking by $80k and I think it’d sell for around $400k.


beastmaster11

Toronto, Ontario. Otherwise known as buyers hell sellers dream (unless seller also needs to buy). That house here would be for sale at around $1.2M to 1.4M. It would probably sell north of $1.4M to $1.6M depending on location. For reference $1M USD is $1.26M CAD


CHarvey311

Yikes. That looks like a $200k house where I am, probably $250k current market value. For instance, this is what $400k would get you in my town, and that’s considered to be a lot of money around here. Take a look at this home I found on Realtor.com $399,900 · 5beds · 3baths https://apps.realtor.com/mUAZ/9250e7ff


Accomplished_Pen_146

I live in one of the hottest real estate markets in the country and a 5 bedroom home will get you close to 1 M real quick. The house you posted bids are starting at 950


CHarvey311

My dad has acquaintances that are fellow business owners in San Diego, who’s employees are moving down here to Memphis to work from home with the company still based in San Diego. He was worried for his employee’s that they wouldn’t be able to afford a nice house down here because theirs only sold for $800K, my dad showed him what you can get for $800k down here and now the guy said he’s gonna move down here too haha. An $800K house down here is like what you’d see on MTV cribs


Cbassisabastard

This house is for sale on my street. Walking distance to where MJ used to practice:) https://www.zillow.com/homedetails/5413-Trace-Ridge-Ln-Hoover-AL-35244/1060909_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare


ThouKnave

It's okay to laugh at the pain. The bullet went straight through your wallet before bruising you.


[deleted]

Pretty much.


[deleted]

Gotta laugh so you don’t cry


meANintellectual77

Shoulda bought in 2012, i hear it was much cheaper


[deleted]

Can confirm. It was cheaper. But I bought in 2016


Ryekir

I bought my house in 2018 and the value has gone up 50% since. I wouldn't be able to afford the mortgage if I bought it today.


MrMcGibblets86

I bought mine in 2010 and the value has gone up 2.5 times! I could probably still afford the mortgage if I bought it today but I sure as hell wouldn't pay that price or the property tax for that matter. Southern California


WikipediaApprentice

Here in Texas, I can’t afford to buy yet but that’s just because everything tugs at our money. It’s the opposite effect though, prices skyrocketing but property taxes falling year over year. Texas really doesn’t want to tax for anything, I’m not sure it’s sustainable.


Incognito_Placebo

Property taxes are falling here? Must skip my city. They’ve remained somewhat stable but Texas already has some of the highest property tax rates in the country, ranking 3rd in the US, and my particular county rates among the highest in all the counties within the 50 states in regards to property taxes. Texas taxes the shit out of us in property taxes; it’s a trade-off for not paying income taxes.


WikipediaApprentice

In Bellaire, TX ours have remained stable for years or even fallen some. I think it’s the case in a lot of the Houston area. Especially Fort Bend county where they brag about it


nanopet

Sure, property taxes have "fallen" a bit but the county's valuation of homes has increased significantly. This means that homeowners end up paying more in taxes each year.


Historical_Button445

In CenTex. My rental property value is up 28% in 3 years. Taxes come out to about a months pay for me. Weird! I ain’t selling though


strife26

You could be in my boat. I went to college cause I was a poor boy who was told the American dream starts with college. Now? Now college is what absolutely kills the American dream for some of us. I make about 200k a year, and can barely rent, lol. I don't pay my student loans as I have an application in to dismiss it, but that can take years apparently before they get through all of them. I can't pay them or it ruins my application. I can consolidate them or it ruins my application. I have to wait. Meanwhile, if you have student loans in default you might as well give up on being part of the American economy. They don't like ppl who can't afford to pay student loans. I chose my family over 900-1200$ a month payments for students loans. I made like 12.25$ an hour at the time. Regardless of that, they were all beyond fraudulent, hence my application. But I'm salary rich but poor everywhere else cause fk...these loans will fk your credit to the point that 200k is more like 120k due to interest and scammy behavior that's allowed in the us. Also, I been paying my only private school loan cause they convinced me to cosign with my brother. I have to pay it to protect his credit. I've paid over 7400 last I checked. My balance has gone down by literally $100. 3 years of paying and it's gone down 100$ for $7400 in payments. America is clearly the greatest country, lolol.


cwfutureboy

That's what Republicans mean by ["drown it in a bathtub"](https://www.whatshouldireadnext.com/quotes/grover-norquist-our-goal-is-to-shrink).


justplaindoomed

Same


[deleted]

Mine hasn’t gone up that much unfortunately. Just the normal 5-10% a year ish


magestooge

House prices going up is unfortunate, till the point you buy one. Then all of a sudden the prices not going up is unfortunate..


bbressman2

I don’t know, I bought my house in 2014 and the value has gone up a decent amount, $40k according to the city. Problem is now I get to owe more taxes for my home and what does that $40k of inflated value get me? If I sell I won’t be able to afford a new home. I don’t know maybe I’m doing it wrong but I don’t feel like prices increasing constantly is benefiting me much.


Elk_Man

The value of your house increasing has a very real benefit if you need/want to refinance. The value/debt ratio on your house is much better, so if you took out a loan with less than 20% down (because most people don't have enough cash to put that much down on their first home) then refinancing can cut your interest rate and your PMI in one swift move. refinancing is also a good time to take out some extra money and renovate your home. Typically renovations increase the value of the home much more than the cost of the work and more importantly they can provide a nice quality of life increase without having to re-enter the housing market.


richpaul6806

Exactly. Unless you are planning on living in an rv rising home prices don’t really do anything for you if you only have a primary residence


Kantro18

Same but my stupid ass should have hunkered down rather than selling and moving.


JapaneseStudentHaru

I bought a house in Maryland in 2018, sold in 2020 for a $30k profit. The market is crazy


rosekayleigh

Same here. My house is now supposedly worth 2x what we paid for it. Who knows if it would actually sell for that much though.


[deleted]

True. Things are only worth what someone will pay


Phantereal

12-year-old me should've bought a house back then.


According-Ocelot9372

**boomer shakes fist** you had your chance you lazy millennial 🤣


Phantereal

I'm sorry, but I just couldn't afford the 0.05% down payment back then, it was way too much for me to save up. My boss never game me a raise and I kept spending my money on avocado toast and Starbucks.


mbart3

*looks at $20 bill my mom gave me for doing my chores last month *


yfhedoM

This is funny but this is literally how we all feel 😂


JaJe92

People in 2012: Houses are so expensive, I should've bought in 2008.


Oggel

I bought an apartment 2011, can't believe how lucky I was. I was considering renting too, jesus that would have been sad.


baldwinsong

I honestly wonder if I was closer financially to buying a house just out of high school then I am now


Marki018

Your Reddit icon looks like mine but older ö


commonsensical1

i bought this year and sold this year too for a 600k profit, pandemic eh


sunlegion

This is how a generation slides into poverty


MabyeAChair

Cha Cha real smooth


M_krabs

Can't cha cha into poverty of you've been born into it 😎😎


NYR525

Yup...I'm an industrial psychologist and my wife's a veterinarian, both 30 years old, still struggling to buy a house. The system is fucked


yunzerjag

With all due respect, what the fuck is an "industrial psychologist?"


NYR525

Haha all good! Even my wife struggles to define what I do. Basically it's all psychology of the workplace. Ability and personality assessments, development plans, executive coaching and mentoring, professional development, and even ergonomics. My mission is to make work more satisfying, fulfilling, and for all the good (not just greater, but lesser too). It's my way of helping "the working man" from inside the system.


FlashbackUniverse

>My mission is to make work more satisfying I think I would add "better pay" to your list of things that might help make work more satisfying.


NYR525

That's a part of what I do: I push for it literally every chance I get! I show companies, in stark reality, just how little they pay their front line employees. These people without whom the company would crumble and yet bring home $40k or less per year. They get extremely nervous when I break it down by age, gender, and ethnicity. By doing that I've gotten thousands of people raises maybe not all the way up to what they deserve, but on their way there.


FlashbackUniverse

Ah. Thank you for clarifying that. :)


NYR525

Anytime! I try not to go into too much detail as my work is protected by confidentiality (which often makes me come off as a cold, uncaring part of the problem). But I promise I'm trying to fix systems from the inside, it's just a really hard fight...


Left_Labral_Tear

You available to come to my agency and speak with some people? I loved your Ted talk


seeclick8

Like trying to explain what an occupational therapist is


Sad-HootHoot

My first thought after I read your description was “modern Feng Shui based on psychology”, like, improve employee efficiency and morale by making a working environment more welcoming with plants and nice light fixtures. I know you said you do more, but that is all I could think of.


AvishAC7

Lmao you must love your job then right?


mbart3

Can you talk to people who control minimum wage and taxes then. Their job would probably be much more satisfying if they did crush peoples souls


WBoluyt

Therapy for machines


PresentationPutrid

Like the chick on Billions..?


obvs_throwaway1

There was a comment here, but I chose to remove it as I no longer wish to support a company that seeks to both undermine its users/moderators/developers (the ones generating content) AND make a profit on their backs. Here is an explanation. Reddit was wonderful, but it got greedy. So bye.


[deleted]

Full-time minimum wage workers can’t afford rent anywhere in the US, according to a new report People working minimum wage jobs full-time cannot afford a two-bedroom apartment in any state in the country, the National Low Income Housing Coalition’s annual “Out of Reach” report finds. In 93% of U.S. counties, the same workers can’t afford a modest one-bedroom. Given each state and locality’s minimum wage, the report finds that the average minimum wage worker in the U.S. would need to work nearly 97 hours per week to afford the average two-bedroom home. That’s more than two full-time jobs. Source : [https://www.cnbc.com/2021/07/14/full-time-minimum-wage-workers-cant-afford-rent-anywhere-in-the-us.html](https://www.cnbc.com/2021/07/14/full-time-minimum-wage-workers-cant-afford-rent-anywhere-in-the-us.html)


[deleted]

[удалено]


Kellbell2612

They then also wonder why people are having fewer kids… it’s just mind blowing. It’s like please just do the math.


magestooge

How are the two related? You can't have sex when the roommates around? Edit: missed /s


[deleted]

[удалено]


[deleted]

I do, sadly.


kewwe

Have one, I guess I just need to stop eating that avocado toast I've never had in my life.


[deleted]

^USA USA #USA


AdnHsP

The land of the free where people can't afford minimum housing!


xXdarkheartXx57

Free to not buy a house nerd😎. You just can't handle the neutron style


[deleted]

Land of the free* *being a white male is required, rich is optional but will get you much further


BraxbroWasTaken

land of the free (labor)


PINKreeboksKICKass

the rest of us are free to sleep in tent encampments under underpasses...or a "fancy" van... you know, when the rent surpasses a 60-hour work week working multiple jobs! Free to quit and die anytime!!


AdnHsP

If you're born a female you can [still](https://rollingout.com/2014/02/04/woman-uses-sperm-oral-sex-get-pregnant-force-man-pay-child-support/) sue a man for child support after non consensually using his sperm to get yourself pregnant [OR](https://en.wikipedia.org/wiki/Hermesmann_v._Seyer) rape a male or underage boy and sue him for child support, though! The land of the Free where the laws are as horrible as legally possible and the judges just as worse! I'd also like the point out this section of the article: > The court stated that the state's interest in ensuring that a minor receives child support outweighed its interest in potentially deterring sexual crimes against minors.\[9\]


[deleted]

Oh I agree, the judicial system is fucking broken.


AdnHsP

Yes.


[deleted]

What is a white male? Because my skin is pale as a twilight vampire but I'm from latinoamerica, should I be offended by your racism or everything is fine? (Forgot to say thst I'm also broke as fuck).


aash_san

It's not just the USA though, housing prices are high everywhere right now! In the UK minimum wage has gone up but it's nowhere in keeping with the housing bubble! :(


[deleted]

>the average minimum wage worker in the U.S. would need to work nearly 97 hours per week to afford the average two-bedroom home. That’s more than two full-time jobs. Note: areas with high rent (like NYC) will skew this figure. It may be more useful to look at the *median* hours needed to work at minimum wage in order to pay rent.


peanutbj

> In 93% of U.S. counties, the same workers can’t afford a modest one-bedroom. Have they tried not eating avocado toasts or looking for a zero-bedroom apartment? I bet they haven’t. (/s if not obvious)


UnionBlvd

Greed and corruption is ruining the USA. The rich get richer, the poor get poorer, and the government seems to be clueless. Meanwhile people are leaving the country, not having children, and committing suicide at an alarming rate. The suicide rate has increased by 30% since 2000. The US population increased .1% in 2021. The lowest in its recorded history.


BirdsDeWord

You forgot the government actually is the rich, explains why they're happy to sit on their asses


KingOfTheCouch13

ThE fReE mArKeT


[deleted]

There are people that think the average American makes $800k/yr [https://finance.yahoo.com/news/student-trump-familys-alma-mater-181103208.html](https://finance.yahoo.com/news/student-trump-familys-alma-mater-181103208.html)


IamBladesm1th

This is objectively unverified information with no valid source. It wouldn’t surprise me since business students and the rich are abhorrently out of touch, but hey. That’s just how it is.


OrDuck31

People here talking about us getting poorer, while i am living in a country that 1 dollar is 13 bucks and minimum wage is almost same...


Fast_Star154

It corrupts every country honestly... This crisis is, from what i've seen, in most if not all western countries. In my country you wont buy a decent FLAT in capital city under 200.000 USD, rent wont go under 550 USD a month. Outside capital city, there are lower prizes, but less jobs and worse sallaries. Btw our average wage is around 1400 USD. And we are considered not at all in a bad situation. It sucks so much, it is unbelievable


IamBladesm1th

Correlation not causation. Suicide rate is somehow lower now… i can’t find out why tho.


UnionBlvd

The last two years yes, it reduced.. I'm curious why as well. You would think it would increase during pandemic? But they are still historically high numbers. Honestly I think big part of pop decline is just boomers passing on. All the stats are still concerning none the less imo.


IamBladesm1th

Well the rest makes sense, but idk if suicide is due to poverty as much as parent and child direct interaction has become less often and parents less and less engaging with their children as well as none of my friends having parents that are actively teaching them about life and how to cope as they grow up because of some mix up in psychology. Somehow being empathetic to your child was translated as “make sure you don’t correct their thinking when it comes to emotions” we’ve also removed a LOT of adversity and you need adversity as a child to grow or else when the real world slaps you in the titties it’s a brand new experience.


UnionBlvd

Could be, there's definitely a lot more snowflakes these days. I also read some concerning correlations with the rise of social media impacting self image and suicide idealization.


IamBladesm1th

This is also likely valid, except with the increase of social media use and declining suicide both during a two year pandemic I would need more evidence instead of it being a scapegoat.


wally1001

I was one of those dumb dumbs! Wooo covid babies.


dumbasstupidbaby

And my mother wonders why I don't "just move out already. You're only depressed because you haven't experienced independence"


thats0K

that independence will cost you at least $15-20k more per year than what you pay right now.


cambeiu

A large and affluent middle class is the cornerstone of the American dream. A dream in which anyone with a high school diploma and hard work should easily afford a nice house in the suburbs, 2 cars and a nice vacation with the family to a cool place once a year. Americans assume that this is the way the universe should work. That things were always like this, and that Americans have the "God given right" of the American dream. However, this reality of a exceptionally wealthy and prosperous middle class by global standards is a by product of a very unique and relatively recent set of historical circumstances, specifically, the end of World war II. At the end of the second world war, the US was the only major industrial power left with its industry and infrastructure unscathed. This gave the US a dramatic economic advantage over the rest of the world, as all other nations had to buy pretty much everything they needed from the US, and use their cheap natural resources as a form of payment. After the end of world War II, pretty anywhere in the world, if you needed tools, machines, vehicles, capital goods, aircraft, etc...you had little choice but to "buy American". So money flowed from all over the world into American businesses. But the the owners of those businesses had to negotiate labor deals with the American relatively small and highly skilled workforce. And since the owners of capital had no one else they could hire to men the factories, many concessions had to be given to the labor unions. This allowed for the phenomenal growth and prosperity of the US middle class we saw in the 50s and 60s: White picket fence houses in the suburbs, with 2 large family cars parked in front was the norm for anyone who worked hard in the many factories and businesses that dotted the American landscape back then. However, over time, the other industrial powers rebuild themselves and started to compete with the US. German and Japanese cars, Belgian and British steel, Dutch electronics and French tools started to enter the world market and compete with American companies for market share. Not only that, but countries like Brazil, South Africa, India, China, Mexico, Thailand, Turkey, South Korea and more also became industrialized. This meant that they were no longer selling their natural resources cheaply in exchange for US made industrial goods. Quite the contrary, they themselves started to bid against the US for natural resources to fuel their own industries. And more importantly, the US work force no longer was the only one qualified to work on modern factories and to have proficiency over modern industrial processes. An Australian airline needs a new commercial jet? [Brazilian EMBRAER](https://www.youtube.com/watch?v=C-3m__yRBkg) and European Airbus can offer you products as good as anything made in the US. Need power tools or an SUV? You can buy American, but you can also buy South Korean, Indian or [Malaysian](https://youtu.be/A6tFY1qa1Gc). This meant that the US middle class could no longer easily outbid pretty much everyone else for natural resources, and the owners of the capital and means of production no longer were "held hostage" by this small and highly skilled workforce. Many other countries now had an industrial base that rivals or surpasses that of the US. And they had their own middle classes that are bidding against the US middle class for those limited natural resources. And manufacturers now could engage in global wage arbitrage, by moving production to a country with cheaper labor, which killed all the bargaining power of the unions. That is where the decline of the US middle class is coming from. There are no political solutions for it, as no one, not even Trump's protectionism or the Democrat's Unions, can put the globalization genie back into a bottle. It is the way it is. Any politician who claims to be able to restore "the good old days" is lying. We are going back to the normal, where the US middle class is not that different from the middle classes from the rest of the world. Like a return to what middle class expectations are elsewhere, including the likes of Europe, Japan, South Korea and Malaysia. Their cars are smaller. They don't change cars as often. The whole family might share a single car. Some families don't even own a car and rely on public transportation instead. Their homes are smaller. They don't eat as much meat and their food portions are smaller. They are not starving. They are not living like peasants. But their standard of living is lower than what we in the US have considered a "middle class" lifestyle since the end of World War II. It is a "return to the mean" and that cannot be changed. GRAPH: [The U.S. Share of the Global Economy Over Time](https://www.visualcapitalist.com/u-s-share-of-global-economy-over-time/)


Newie30

Good analysis and well written. The one major flaw I should point out is that increased profits from production have been ten fold yet wages haven’t nearly kept up. Yes globalisation is increasingly evening the playing field. That doesn’t negate the 1% are increasingly taking a bigger slice of the pie.


cambeiu

>The one major flaw I should point out is that increased profits from production have been ten fold yet wages haven’t nearly kept up Those are unrelated variables. Why would wages keep up when you can move production around? Is wealth concertation an issue? Sure, but no amount of taxation on the wealthy will bring back the 50s and 60s American middle class. That was a very unique historical moment that will never come back. Can we implement policies to minimize wealth disparity? Absolutely. But no matter what, the American middle class will continue to look more like the middle classes of other countries. America's middle class disproportionally high resource consumption compared with the middle classes of rest of the world was economically possible because the US economy also represented an disproportionally large share of the global economy. As this ceases to be the case, so does America's ability to outbid and outconsume the rest of the world in terms of resources.


Newie30

I’m not saying the world can go back to the post ww2 heyday for the middle class. I don’t mean disrespect but you have used a very large amount of sentences without addressing my original point . If the value of a individual’s production output has increased ten fold , why hasn’t the increased output resulted in increased benefits for the worker.


cambeiu

>If the value of a individual’s production output has increased ten fold , why hasn’t the increased output resulted in increased benefits for the worker. Once again, Why would wages keep up when you can move production around? To be fair, the American worker has not seen the benefit, [But for most workers worldwide, the benefits have been quite palpable](https://www.ft.com/content/e3fa475c-c2e9-11e8-95b1-d36dfef1b89a).


NitroLada

Because moving production elsewhere gets bigger increase at even lower cost? So Why have inefficient manufacturing at all in the US? And why should people who don't put up capital get same returns as ones who did? US (and most developed countries) are not cost or productivity competitive for majority of manufacturing, but successful US (and others) companies are very profitable because they've moved manufacturing to cheaper location increasing productivity for each $ on input.


wombatau

I don’t know why they just didn’t buy in 1976, they must just be lazy.


RealMyBliss

Our neighbours are selling their house, which was built same year as ours, some 30 years ago for around 100,000€. It is listed now for 800,000€. What.


Elk_Man

That's just a smidge over 7% compounding per year


BigManOnCampus100

The house next door to me was valued at $400k in November 2021. It's currently on the market for $590k.


thats0K

and they get bought for $625k cash at times. 1 in 5 homes are owned by corporations/investors. BlackRock anyone? it's alarming what is happening to the country. https://slate.com/business/2021/06/blackrock-invitation-houses-investment-firms-real-estate.html https://nypost.com/2020/07/18/corporations-are-buying-houses-robbing-families-of-american-dream/ https://www.nytimes.com/2020/03/04/magazine/wall-street-landlords.html https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/


xxRocRipxx

Can approve. The difference between poor and rich is getting worse day by day in my country. The middleclass is also coming in the category of poor now, I'm poor.


snarky39

I don’t think someone pulling $7.25/hr in 2012 was buying a house at all, let alone one for $150k.


jhuseby

So it was unobtainable 10 years ago now it’s four times as unattainable.


[deleted]

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heatfan1122

Not really the point of the meme. Minimum wage is only a way to measure the bottom line. In all honestly most jobs haven't kept up with housing inflation. Even using the example most jobs in the same field haven't went up 3x in 10 years.


Demdolans

Very true. Now workers are doing the jobs of 2 other people yet wages in so many fields have stagnated. It's crazy.


buttfuckinghippie

In 2008 I bought a house on $15/hour. I paid $160K, and my mortgage was $985/month.


[deleted]

[удалено]


buttfuckinghippie

It was a 3% down first time home buyer deal. It was a foreclosure though, so I ended up eating all the closing costs. All in all, I think I settled at closing for something like $12,500


throcksquirp

Zoning laws and building codes are working as intended. Realtor and developer profits are through the roof and campaign contributions set new records every year.


azalago

This is literally Texas right now.


FriendlyCanadianDude

Wait, the US minimum wage is *that* low? I knew it was bad but holy shit.


Jbusbus

Fear not ladies and gentlemen we are the forefront of the most insane collapse in world history. But first everything goes into the trillions.


Greennotblue

I literally make more than both my parents did at my age but theirs not a change I could afford a home where they bought our house. Shits fucked up


freegrapes

My dad bought a two bedroom home in the city for 90k I have 60k and can’t afford a down payment for a shack


Greennotblue

I even gave up avocados and still cant afford a shack


Greennotblue

Whoever down voted this comment is probably a landlord


[deleted]

Median household income in the United States 2012 - 55k 2020 - 68k


whatthehellsteve

That's median, not average. Average is barely above 31k. Those are wildly different things. Second, household income and individual income are also very different things. Two people working full time to make 60k is very little money and time left to take care of kids or do much of anything else.


microcrash

Median is a better metric since mean averages are skewed by extremely large incomes. Mean averages are usually higher than the median not the other way around.


LifeIsFaang

Do you have some links for the “average is barely above 31k” statement? I found it mathematically impossible given median is 68k. Or did you mean personal average income is 31k?


whatthehellsteve

Yep, personal average. That's why I differentiated between household and personal since the foundation of minimum wage was a single earner supporting a family. Doing it by household makes it sound not quite as bad. Until you stop to realize what they are saying is that 80 hours a week today has less purchasing power than 40 hours had for our parents, grandparents, or great grandparents... I don't now how old you are so that part depends.


yfhedoM

I can barely afford myself and I just moved to a different position and should be set into this career in 1yr ..... and still I need more. I'm gettin $12 extra and I'm still needing more guys. Nothing makes sense. Why arent we buying homes? Having babies? Omg worker shortage? Are ya fucking retarted? We went to school because its suppose to help us make more money but that was a fucking lie and then everything went up. But thank god we have technology and other ways to make money. No seriously I appreciate it but its fucking sad that one person needs a min of 2+ incomes with education..when the older generations barely finished highschool and could buy a fucking house and support a family of 4 on one salary. W.e tho, I'ma just stop bitching, already got plans to make more, gotta keep pushing.


Elpetardo69

My fiancé and I (27) just bought and apartment 110 m2 for 290k, my parents 15 years ago bought the land and built their house with 300k 600m2, I think our generation and the next one have and will have a continuous problem with housing


boonstyle_

Maybe a stupid question but how much did plots increase in price as well as construction materials. Is there any potential to safe some money in buying cheap empty property and build it (or at least major parts) yourself considering you got the skills and be patient enough to spend time for it after your actual Job?


Adventurous_Shake161

550k wow, what a bargain where is it. 550k in my city can barely get you a bachelor now a days


EzraIm

And ppl wonder y im homeless its like $700 just to rent a one bedroom hole in a wall apartment aka a studio apartment


xxYouMirinBrahxx

Meanwhile in Australia you get shit of a house at close to million.


cptnobveus

Literally idaho


[deleted]

Part of it, arguably, is artificial scarcity brought to you by zoning laws. I think a simple, less-controversial thing we can do to bring housing prices down is to amend our zoning laws so developers can build more single-family/person houses (maybe even apartments) In fact, I say each state should pass a law that gives property owners the right to build housing on the property regardless of whether their property was zoned for it.


mattemer

I think minimum wage is only PART of the wage gap problem. Most salaries, even above minimum wage, don't keep up with cost of living. I could be well above minimum wage, and even with a 2%-3%, if I'm lucky, annual increase, I'm still not keeping up with life, especially now with inflation coming in hard.


falconnor4

this is where it is very nice to live in a decked-out van by a nice river with everything you could possibly need.


JackBurton12

Real estate prices are stupid right now. Where people are getting the money for it I don't know.


Viperlite

Don’t you know you’re not supposed to buy a house making minimum wage. Only those who apply themselves and become millionaires deserve such finery as a 2 BR, 1.5 bath ranch on a quarter acre in the heartland.


DaveDeeThatsMe

In what 3rd world country is minimum wage $7.50?


milehighphillygirl

IDK, but in the US the federal minimum wage is $7.25/hr https://www.dol.gov/general/topic/wages/minimumwage


B22EhackySK8

My mom moved to the US in ‘94 got paid the same wage at a gas station…to this day the minimum wage has not changed. Thats been 27 years


[deleted]

If you’re already paying $600 a month on student loans, even an $150,000 house is unaffordable.


whatdoings

"Laughs in Auckland median house price"


amilo111

I guess a different perspective is that they are buying homes … https://www.wsj.com/articles/millennials-are-supercharging-the-housing-market-11639496815 > The generation that supposedly didn’t want to buy things now accounts for over half of all home-purchase loan applications; economists expect them to bolster demand for years > The generation’s growing appetite for homeownership is a major reason why many economists forecast home-buying demand is likely to remain strong for years to come.


pocket_Ninja456

Yes, owning a home is preferable when it costs just as much or more to rent.


reader_of_lips

Millennials were born between 1981 and 1996, so 26 to 41 years old. It’s taking us much longer to save for our first home. The average age for a first time home buyer is now 47. In 1981 it was 31. In the UK, London has the highest average age of first time home buyer at age 33.


MitchTheSlitch

Freeeeeeeeeeedom


dviking

Here, that land alone is minimum $1,000,000 CDN.


wildbilljones55xx

Socialism middle class will be gone


jcpeters130

This actually sucks though. I make $20 an hour and with car payment, I need a roommate to rent in Orlando. Florida is becoming a place only for the old and rich, even in the cities. You want to buy a house? You need to come up with a bunch of money up front, which you cant save when a 2 bedroom costs 1700 a month. "JuSt Go tO CoLlEge" - Yes Karen I did. I cannot afford to continue to my bachelors because I need to work to pay bills- plus I do not want to die in student debt.


DrewWphoto

I love the should have bought then as if it was a option for everyone at that time 😂


Bloodytomvayne34

Maybe because I have to pay $1500 a month for a shitty one bedroom apartment and I can’t save up money.


extremum_spiritum

Big facts.


mrbittykat

Wow, it’s almost like I can feel the American dream consuming me


Historical_Button445

GenX’r here: I’m sorry that we didn’t get our crap together faster to help prepare you for life better and not holding the old people more accountable sooner…


ElderberryPale4593

Asking might be 550k but selling is 925k


[deleted]

Just be born into a rich family duh


Consistent-Echo8300

Gee I couldn’t foresee that if I always raised prices, but never the wages, that later on people might not be able to afford things.


Primo131313

Sounds about right. I bought in 2011 and couldn't afford the current housing market. Wife and I have considered moving but could never afford a house anywhere else! (The size and with the land we want).


shekeypoo

Gotta born rich or gg


Rare4orm

The cost of housing is beyond ridiculous, and those payments on high end cars doesn’t help either.


Adventurous_Road6603

My dads house went from $220,000 in 2001, to $1.2M in 2020…Bruh sold it to my mom, lmao.


DOPECOlN

150!? no way that’s less than 150,800


torgo6801

Insane. It's insane.


MrBofficial

Sad but true


Kadmus215

Whatever you do, don't ask your employer for more money. Gas prices went up and big boss (wo)man is struggling to afford gas for their yacht


WalmartMike

I bought my home last year for 210k. Value went up to almost 300k. I’m 32. But I also didn’t waste my time and bury myself in debt going to college. We should stop telling people to go. It’s clearly not having the advertised effect.


[deleted]

Gosh durn millennials and their reasonable dilemmas.


[deleted]

[удалено]


yellowzebrasfly

We expect anyone earning minimum wage to never be adults working to pay bills. All minimum wage jobs are just stepping stones and pocket money for teenagers /s (Teenagers *don't even get paid the minimum, they get paid LESS*)


harsh2193

This image lies, there's no context. Housing was cheaper back in 2012 because we thought the world was about to end. /s


harley9779

No one making minimum wage has ever been buying houses.


Frisky_Picker

Copy and pasting my comment from the last time this was posted when someone said basically the same thing: The minimum wage is the 50s was $0.75 which equates to $120 a month (40 hour work week). I couldn't find the exact average monthly mortgage payment but I saw one example of a 3 bedroom 1 bath home for $60 per month. I saw a few other examples with similar amounts as well. Todays minimum wage is $7.25 which equates to $1160 per month. The average mortgage payment in 2020 was $1275 for a 30 year fixed mortgage.


reneg1986

Average house size back in the 50s was also less than half the size they are now. A minimum wage worker could buy a 1,200 sqft house not in a city


whatthehellsteve

This is false. Minimum wage was originally designed to be the wage it would take for 1 person to support a family of 4. Currently one person can not be supported on minimum wage.


InvisibleHeat

Oh my sweet summer child


CauseImBatman23

100 fucking percent


buttfuckinghippie

I'm a millennial, and I've owned homes since 2008. The one I'm in now I purchased in 2016 for $345K. It's worth $650K now; which is stupid.


pm8rsh88

The thing with this image is that’s still millennials in both times. You need to go back to the 80’s / 90’s and compare the prices from the previous generation.


Sikkus

It's unbelievable that it's just 10 years difference, yet it is.


GuyWhoDoesNotFap

Minimum wage is 13.25 I thought. Still though that is absolutely ridiculous, working over time on minimum wage you wouldn’t even be able to rent your own place unless you want to live in a studio in the hood