Precovid houses I could afford with a weeks pay. Now it's the whole pay check. Ridiculous. Wanna fix the birth rate fix this. I'm tired of being born at the wrong time for everything. It's always some bs.
this post was submitted on 27 Jul 2024
464 points (98.5% liked)
News
23287 readers
4488 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Precovid houses I could afford with a weeks pay. Now it’s the whole pay check.
You mean rent, right? Right?
No, it was ultra cheap in my region. Cheaper than rent. I begged my partner to by a house since it was HALF our rent for a decent 2014 built house with acres of land. But nooo they want to rent for life. Now that I finally convinced them otherwise I can't afford it. It causes alot of resentment for me.
Your partner is a fucking idiot lol.
Sigh SO different goals caused by huge family trauma is the story of our relationship. In this case SO Family never maintained home and it looks like on it's way to a Horders house. Literally Bathroom has been torn up for 10 years no work done outside demo. I can see literal floor below me in some parts. And if I offer to help one weekend to finish omfg watch that volcano. Its like reality TV with all the emotions. So the idea of having someone else maintain property was a plus in that traumatized mind. I could go on but I know I'll reach text limit 6x.
load more comments
(6 replies)
My mortgage payment is $1k at 3.5% interest. That is a 15 year mortgage that I have 5 years left on and the payment includes escrow (taxes and insurance) it was in the $850/$900 range but taxes and insurance have increased.
This is a 4 bedroom/2.5 bath with a 3+ car garage in a small town near a largish college town which is 15 minutes away.
We may be getting an advanced transportation research facility as well.
There are "better" communities in the surrounding area with much higher prices due to very high school rankings.
I hate you. Not really but we're looking at 4 times that if we want to buy.
load more comments
(1 replies)
A side effect of sky rocketing housing prices is the annual tax liability also goes up, so people on a low or fixed income may no longer be able to afford the home they've lived in for decades. It's the same problem that happens when neighborhoods are gentrified.
Some localities limit the increase in taxable value to a fixed percentage, which can combat that. The taxable value of my home is something like 25% of the actual value.
Which has the downside that it locks people into their current home because moving would mean losing their favorable rates.
Rising prices are bad for everyone.
load more comments
(2 replies)
load more comments
(11 replies)
Most homes are simply out of reach for most Americans at this point, particularly if you live in a city. Even renting one is extremely expensive unless you move into a smaller town.
In the (rust belt here) midwest it's almost reversed, homes in the rural areas cost much more than they do in the city. But our cities are car centric wastelands, where whole city blocks have been turned into parking lots.
load more comments
(1 replies)
20 years ago, my mother bought a house for just under 50k. Houses in my hometown, of the same rough location and type, now go for 4x that.
Insane that housing prices have outpaced inflation by such a ludicrous degree. It's almost like the system is broken, the ultra-rich and corporations have found all the good tricks and loopholes and are exploiting them to the detriment of both ordinary citizens and the nation as a whole. 
load more comments
(9 replies)
where did all this extra money come from to pay for these homes at these rates?
California?
(checks notes)
More than 100 of the 200 are in California. :) Next closest is New York at 31.
Seems like a mostly California problem.
It’s not just a California problem. It’s a coastal city problem.
It’s not really shocking. The coast is valuable and limited. Living in an expensive coastal town isn’t really “starter home” material.
You wouldn't say that if you saw what they're selling for a million dollars. House built in the 1940’s with no maintenance except paying off the inspector not to condemn it? Yup that's a million dollars. Falling into the ocean because of coastal erosion? It has an extra bathroom, it's 1.5M.
I joke obviously but I'm not that far off either.
load more comments
(1 replies)
load more comments
(2 replies)
this reminds me of the then they came for me thing. I remember when you could pick up a cheap home if you moved to like iowa. Its not as expensive but its not cheap like before.
Yep. I'm about as smack-in-the-middle as you can get and our home has doubled in value since 2016.
load more comments
(6 replies)
Systemic issue, California is just showing the rot stronger than other places. It's a growing issue for the whole country.
I didn't look at the list, but housing prices are out of control in a lot of places, even if they haven't hit that $1 million mark yet. A $750k starter home is just as absurd and out of reach for the vast majority of Americans.
We're telling young people not to have kids and not to buy homes. And it's everywhere, not just California.
Texas is getting hit hard because it's gone from very affordable to super expensive quickly.
Homes in my area have tripled in cost over past 5 years.
load more comments
(4 replies)
Why would Trudeau do this to the USA
Pierre Poilievre... Probably
I hate that there are people who would agree with what you said.
Look what biden has done to Canada!
We need to be liberated!
Good news and bad news...
Good news is everyone in the Middle Class is a millionaire!
Bad news is there is no middle class anymore.
"A Thursday report from Zillow... "
Fuck you Zillow! You are mostly at fault as to why the housing market is such shit
I'm wondering what a "starter home" is in this case.
For me that'd be about 40sqm and 150k €
Are people buying bigger homes than they need?
load more comments
(4 replies)
view more: next ›