A Boring Dystopia

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102

Americans are more underwater on their car loans than ever before (qz.com)

submitted 12 hours ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] SpaceNoodle@lemmy.world 7 points 9 hours ago (3 children)

Where did you find that cheap-ass house?

[–] SturgiesYrFase@lemmy.ml 10 points 9 hours ago (1 children)

The 90s

[–] Fosheze@lemmy.world 6 points 8 hours ago (1 children)

Nope. 2021. It just looks like a place where people turn into missing persons and it's in a fairly low COL city. I am also just barely scraping by on the payments until the PMI drops off.

[–] SturgiesYrFase@lemmy.ml 4 points 8 hours ago

Fair enough. Was being cheeky. Hopefully things loosen up for you soon 🤞

[–] Fosheze@lemmy.world 5 points 8 hours ago (1 children)

Picked myself up a crack den (not literally but might as well be) like 8 years ago. My dad built houses and taught me how to do most of the work so I bought a cheap place I knew I could eventually fix. Also in a fairly low COL area. So a shit house in a fairly cheap city in a cheaper housing market. It was either that or just accept never owning a house so I jumped on it and just barely scrape by.

My mortgage payments cost me just as much as renting a slightly nicer house in my area so the point still stands that my friend is paying nearly as much for their vehicle per month as most people here pay in rent.

[–] SpaceNoodle@lemmy.world 2 points 7 hours ago

Well, it's not exactly fair to compare a crack house in crackville - which I'm picturing as Mantua, OH - to the average house, let alone any place in an urban area. But congratulations all the same.

[–] bizarroland@fedia.io 0 points 9 hours ago (1 children)

Maybe they bought their house like 10 or 12 years ago.

[–] SpaceNoodle@lemmy.world 1 points 9 hours ago (1 children)

10 years ago in 1994?

[–] bizarroland@fedia.io 1 points 9 hours ago

There were a lot of cheap houses available in 2012 through 2014, the problem was having the credit you needed to get one of them.

I recently saw a house that I saw for sale back in 2013 for $75,000 on the market for $530,000.