Sign in

Forum » More General Categories » Misc. » average US house now requires a salary of $106k-a-year - $50k more than in 2020
  1. Results 31 to 60 of 67
  2. Page 2 of 3
  3. First
  5. 1
  6. 2
  7. 3
  9. Last

Thread: average US house now requires a salary of $106k-a-year - $50k more than in 2020

  1. Rate This Thread
03-07-2024, 12:38 PM
#31
Originally Posted By IPoopStandingUp⏩
Don't worry there will be plenty of cheap houses when the market collapses in March of 2022.
Lmao

By reading this post you acknowledge r32gojirra is an online persona and all posts by r32gojirra are satirical in nature. Comments by r32gojirra shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.

AP4C
HTC
Repped by kimm into 200kcrew crew
  1. r32gojirra
  2. Brootal
  3. r32gojirras avatar
  1. r32gojirra
  2. Brootal
  3. Join Date: Feb 2013
  4. Location: East Coast, Australia
  5. Posts: 22,766
  6. Rep Power: 453,881
Quote
03-07-2024, 12:41 PM
#32
But OliverHomeless said prices are gonna crash in ̶2̶0̶2̶1̶ ̶2̶0̶2̶2̶ ̶2̶0̶2̶3̶ any day now
  1. Zelensky
  2. GOAT miscer
  3. Zelenskys avatar
  1. Zelensky
  2. GOAT miscer
  3. Join Date: Dec 2022
  4. Posts: 6,200
  5. Rep Power: 116,711
Quote
03-07-2024, 12:43 PM
#33
I don't get how people are affording anything in this economy. Can't touch a house for less than 150k. Insurance $200. A fast food meal is $10 on average. Gas is tree fiddy. New video games $75.

How do people even have any money lol
  1. eod8989
  2. All honked out
  3. eod8989s avatar
  1. eod8989
  2. All honked out
  3. Join Date: Aug 2014
  4. Posts: 39,485
  5. Rep Power: 81,966
Quote
03-07-2024, 12:45 PM
#34
Originally Posted By eod8989⏩
I don't get how people are affording anything in this economy. Can't touch a house for less than 150k. Insurance $200. A fast food meal is $10 on average. Gas is tree fiddy. New video games $75.

How do people even have any money lol
You’re not going to believe this

But a lot of them get jobs

Like actual, well paying jobs that you have to apply for and work your way up


Sounds unbelievable but trust me it happens
By reading this post you acknowledge r32gojirra is an online persona and all posts by r32gojirra are satirical in nature. Comments by r32gojirra shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.

AP4C
HTC
Repped by kimm into 200kcrew crew
  1. r32gojirra
  2. Brootal
  3. r32gojirras avatar
  1. r32gojirra
  2. Brootal
  3. Join Date: Feb 2013
  4. Location: East Coast, Australia
  5. Posts: 22,766
  6. Rep Power: 453,881
Quote
03-07-2024, 12:45 PM
#35
Originally Posted By EDcellent⏩
Definitely going to need to live in a van down by the river now. Thanks Trump.
  1. anonkunbrah
  2. Not a Chad
  3. anonkunbrahs avatar
  1. anonkunbrah
  2. Not a Chad
  3. Join Date: Jul 2015
  4. Posts: 35,900
  5. Rep Power: 341,844
Quote
03-07-2024, 12:46 PM
#36
Originally Posted By Zelensky⏩
But OliverHomeless said prices are gonna crash in ̶2̶0̶2̶1̶ ̶2̶0̶2̶2̶ ̶2̶0̶2̶3̶ any day now
Oh I’m definitely stealing that
By reading this post you acknowledge r32gojirra is an online persona and all posts by r32gojirra are satirical in nature. Comments by r32gojirra shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.

AP4C
HTC
Repped by kimm into 200kcrew crew
  1. r32gojirra
  2. Brootal
  3. r32gojirras avatar
  1. r32gojirra
  2. Brootal
  3. Join Date: Feb 2013
  4. Location: East Coast, Australia
  5. Posts: 22,766
  6. Rep Power: 453,881
Quote
03-07-2024, 12:47 PM
#37
Originally Posted By eod8989⏩
I don't get how people are affording anything in this economy. Can't touch a house for less than 150k. A fast food meal is $10 on average. Gas is tree fiddy. New video games $75.

How do people even have any money lol
Simple. Use the inflation to your advantage with salary gains, then play good defense on your expenses while investing the rest into the bull market. I've never had more $$$ both net worth and to invest each month.

The amount I spend annually on myself has only increased maybe 5-10% total in the last decade.

keep rent low (this is easy, I pay less now than I did out of college and never paid more than $1,100 for rent)
dont eat out often and when you do dont get stuff like drinks. Fast food in this market is a killer
Keep transportation costs low. If you can commute to work via walk/public transport/bike then do it
Dont spend money financing cars like a plebe
have inexpensive hobbies. Many fitness related ones are like this

Oh yea and cut dumb chit like cable and unnecessary streaming services.


Isnt hard to make it in 2024 but those that want excuses will always find them. Im in my early to mid 30s and people have been complaining about how unfair the economy is since the dawn of phucking time. Today is no different.
  1. meanstringbean
  2. Registered User
  3. meanstringbeans avatar
  1. meanstringbean
  2. Registered User
  3. Join Date: Mar 2019
  4. Age: 54
  5. Posts: 6,638
  6. Rep Power: 58,394
Quote
03-07-2024, 12:51 PM
#38
Originally Posted By r32gojirra⏩
You’re not going to believe this

But a lot of them get jobs

Like actual, well paying jobs that you have to apply for and work your way up


Sounds unbelievable but trust me it happens
Average salary is like 55k in most states

Before taxes

How in the heck can people afford anything with that?
  1. eod8989
  2. All honked out
  3. eod8989s avatar
  1. eod8989
  2. All honked out
  3. Join Date: Aug 2014
  4. Posts: 39,485
  5. Rep Power: 81,966
Quote
03-07-2024, 01:01 PM
#39
Originally Posted By eod8989⏩
I don't get how people are affording anything in this economy. Can't touch a house for less than 150k. Insurance $200. A fast food meal is $10 on average. Gas is tree fiddy. New video games $75.

How do people even have any money lol
$150K won't even get you a condo in most places; try $300K for a small house that's probably 70 years old

Fast food places want $13-16; my local favorite Chinese place has gone up 110% in price in the last 2 years



No one can afford anything anymore without making 6 figures, anyone under 30 right now is completely fuk'd

That's why everyone is out maxxing credit cards daily instead of working; their food and groceries come from SNAP
*Tolerance is the lube that slides the dildo of dysfunction into the ass of civilized society*

*We didn't deserve snailsrus*

As always: not medical advice but medical opinion crew
  1. blissful88
  2. Somebody's Fox
  3. blissful88s avatar
  1. blissful88
  2. Somebody's Fox
  3. Join Date: Jan 2020
  4. Posts: 16,126
  5. Rep Power: 262,372
Quote
03-07-2024, 01:21 PM
#40
Originally Posted By blissful88⏩
$150K won't even get you a condo in most places; try $300K for a small house that's probably 70 years old

Fast food places want $13-16; my local favorite Chinese place has gone up 110% in price in the last 2 years



No one can afford anything anymore without making 6 figures, anyone under 30 right now is completely fuk'd

That's why everyone is out maxxing credit cards daily instead of working; their food and groceries come from SNAP
Dude i don't even know what SNAP is or how people are getting these credit cards. It used to be you had to have amazing credit and you would have a $500 limit per month. But had to pay it off very quickly. But i go out and people are spending like they won the lottery. It's everyone too. Even my parents go out to eat 2-3x per day.

Every day i see more new luxury vehicles and massive trucks on the road too. It just doesn't make sense to me.

That's another thing though, cars are being phased out yet everyone has a new shiny f250 or Mercedes. Those have to cost $1,400 or more to drive.
  1. eod8989
  2. All honked out
  3. eod8989s avatar
  1. eod8989
  2. All honked out
  3. Join Date: Aug 2014
  4. Posts: 39,485
  5. Rep Power: 81,966
Quote
03-07-2024, 01:25 PM
#41
Good thing we on the misc are all CEO 10k/day
  1. BigDeeps01
  2. Registered User
  3. BigDeeps01s avatar
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 54
  5. Posts: 18,419
  6. Rep Power: 168,890
Quote
03-07-2024, 01:40 PM
#42
Originally Posted By nrowles⏩
Dude. 5 years ago you could get a half decent home and not have to live in the ghetto for $150k. So yeah, it's across the board not just mansions.

I'm looking to put up a 30x40 pole built garage. I put one up in 2016 for $8k less that included electric, fully insulated, truss storage, steel ceiling, etc. that my current quote doesn't include. Ridiculous.
The bottom of the market appreciated the most, so it's even worse for those trying to buy their first house. I airbnbed what was honestly a very poorly built little house in Fort Myers recently like that. It was $120k before covid, some airbnb company actually bought it for $410k in 2022 iirc, and then they listed it for $460k. Absolutely insane.
  1. coast2coastam
  2. Registered User
  3. coast2coastams avatar
  1. coast2coastam
  2. Registered User
  3. Join Date: Jun 2009
  4. Location: United States
  5. Posts: 6,154
  6. Rep Power: 133,344
Quote
03-07-2024, 01:45 PM
#43
Originally Posted By Zelensky⏩
But OliverHomeless said prices are gonna crash in ̶2̶0̶2̶1̶ ̶2̶0̶2̶2̶ ̶2̶0̶2̶3̶ any day now
They honestly should. Inventory is going up, people don't make more money, a lot of these areas (Fort Myers) have zero good paying jobs, insurance premiums doubled or tripled, taxes have gone up, rates have gone up. It's actually much cheaper to rent than it is to take out a mortgage on an equivalent house. It makes no sense.

The kicker is not only prices aren't going down because of all that, they're going up. Lol
  1. coast2coastam
  2. Registered User
  3. coast2coastams avatar
  1. coast2coastam
  2. Registered User
  3. Join Date: Jun 2009
  4. Location: United States
  5. Posts: 6,154
  6. Rep Power: 133,344
Quote
03-07-2024, 01:48 PM
#44
Fact is if you are a millennial and missed out on buying a house pre-2020 that's just an L you got to eat then. A ton of millennials, not all affluent, were able to get cheap nice starter homes and then experienced massive appreciation since then.

In south and midwest around 2020 you could buy a home in safe neighborhood, 3 bedrooms 2 bath, full yard to yourself, etc. etc. for under 200k

Now thats mostly gone unless you want a dump
  1. meanstringbean
  2. Registered User
  3. meanstringbeans avatar
  1. meanstringbean
  2. Registered User
  3. Join Date: Mar 2019
  4. Age: 54
  5. Posts: 6,638
  6. Rep Power: 58,394
Quote
03-07-2024, 02:15 PM
#45
Originally Posted By coast2coastam⏩
They honestly should. Inventory is going up, people don't make more money, a lot of these areas (Fort Myers) have zero good paying jobs, insurance premiums doubled or tripled, taxes have gone up, rates have gone up. It's actually much cheaper to rent than it is to take out a mortgage on an equivalent house. It makes no sense.

The kicker is not only prices aren't going down because of all that, they're going up. Lol
Imagine what happens once rates go down this summer LOL
  1. BigDeeps01
  2. Registered User
  3. BigDeeps01s avatar
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 54
  5. Posts: 18,419
  6. Rep Power: 168,890
Quote
03-07-2024, 02:17 PM
#46
Originally Posted By BigDeeps01⏩
Imagine what happens once rates go down this summer LOL
Inflation is ticking up again so who knows if they even will. Powell switched back to sounding pretty hawkish in his latest remarks
  1. Zelensky
  2. GOAT miscer
  3. Zelenskys avatar
  1. Zelensky
  2. GOAT miscer
  3. Join Date: Dec 2022
  4. Posts: 6,200
  5. Rep Power: 116,711
Quote
03-07-2024, 02:19 PM
#47
Originally Posted By meanstringbean⏩
Fact is if you are a millennial and missed out on buying a house pre-2020 that's just an L you got to eat then. A ton of millennials, not all affluent, were able to get cheap nice starter homes and then experienced massive appreciation since then.

In south and midwest around 2020 you could buy a home in safe neighborhood, 3 bedrooms 2 bath, full yard to yourself, etc. etc. for under 200k

Now thats mostly gone unless you want a dump
Imagine though you buy now at all time historic highs, by far, we're at least 2x higher than the last peak (2008) in a lot of markets around the country, and the market corrects. RIP
  1. coast2coastam
  2. Registered User
  3. coast2coastams avatar
  1. coast2coastam
  2. Registered User
  3. Join Date: Jun 2009
  4. Location: United States
  5. Posts: 6,154
  6. Rep Power: 133,344
Quote
03-07-2024, 02:20 PM
#48
Originally Posted By Zelensky⏩
Inflation is ticking up again so who knows if they even will. Powell switched back to sounding pretty hawkish in his latest remarks
Inshallah
  1. BigDeeps01
  2. Registered User
  3. BigDeeps01s avatar
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 54
  5. Posts: 18,419
  6. Rep Power: 168,890
Quote
03-07-2024, 02:22 PM
#49
Originally Posted By BigDeeps01⏩
Imagine what happens once rates go down this summer LOL
I don't understand the demand leading up to now, and why it wasn't there before 2020 when homes were both a fraction of the price and rates were much lower. I think this whole thing has been a massive FOMO wave that has to give at some point, people don't have infinite money.
  1. coast2coastam
  2. Registered User
  3. coast2coastams avatar
  1. coast2coastam
  2. Registered User
  3. Join Date: Jun 2009
  4. Location: United States
  5. Posts: 6,154
  6. Rep Power: 133,344
Quote
03-07-2024, 02:39 PM
#50
Originally Posted By eod8989⏩
Dude i don't even know what SNAP is or how people are getting these credit cards. It used to be you had to have amazing credit and you would have a $500 limit per month. But had to pay it off very quickly. But i go out and people are spending like they won the lottery. It's everyone too. Even my parents go out to eat 2-3x per day.

Every day i see more new luxury vehicles and massive trucks on the road too. It just doesn't make sense to me.

That's another thing though, cars are being phased out yet everyone has a new shiny f250 or Mercedes. Those have to cost $1,400 or more to drive.
SNAP EBT are state bennies, the Kormo/Havoc way of living off your taxes

Credit cards are easier to get than they used to be; a 550 score will get you a $2K limit, just rinse and repeat until you're $15K in debt; this is what 97% of Americans are doing
*Tolerance is the lube that slides the dildo of dysfunction into the ass of civilized society*

*We didn't deserve snailsrus*

As always: not medical advice but medical opinion crew
  1. blissful88
  2. Somebody's Fox
  3. blissful88s avatar
  1. blissful88
  2. Somebody's Fox
  3. Join Date: Jan 2020
  4. Posts: 16,126
  5. Rep Power: 262,372
Quote
03-07-2024, 02:54 PM
#51
Originally Posted By eod8989⏩
Dude i don't even know what SNAP is or how people are getting these credit cards. It used to be you had to have amazing credit and you would have a $500 limit per month. But had to pay it off very quickly. But i go out and people are spending like they won the lottery. It's everyone too. Even my parents go out to eat 2-3x per day.

Every day i see more new luxury vehicles and massive trucks on the road too. It just doesn't make sense to me.

That's another thing though, cars are being phased out yet everyone has a new shiny f250 or Mercedes. Those have to cost $1,400 or more to drive.
Because when 2012 happened instead of the world ending the giant asteroid that landed on earth was full of diamonds and gold. Sorry you missed out man.
  1. FatLoserNerd
  2. Registered User
  3. FatLoserNerds avatar
  1. FatLoserNerd
  2. Registered User
  3. Join Date: Jan 2024
  4. Age: 54
  5. Posts: 297
  6. Rep Power: 3,533
Quote
03-07-2024, 02:59 PM
#52
Can confirm literally

Ain’t gonna make it crew
  1. headturner1
  2. Registered User
  3. headturner1s avatar
  1. headturner1
  2. Registered User
  3. Join Date: Jan 2012
  4. Location: Washington, United States
  5. Posts: 15,673
  6. Rep Power: 253,676
Quote
03-07-2024, 03:03 PM
#53
Originally Posted By Zelensky⏩
Inflation is ticking up again so who knows if they even will. Powell switched back to sounding pretty hawkish in his latest remarks
I think the Fed is closer to raising rates than cutting them. Core inflation is stuck above 2%, asset markets are on fire, labor market is suffering but hasn't cracked. Nothing about that says "reduce rates"
FA Crew
Always Pick 1 Crew

"Experience is something you get right after you need it."
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  3. FAPhaggots avatar
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  3. Join Date: Nov 2015
  4. Posts: 15,712
  5. Rep Power: 185,348
Quote
03-07-2024, 03:14 PM
#54
Originally Posted By FA*******⏩
I think the Fed is closer to raising rates than cutting them. Core inflation is stuck above 2%, asset markets are on fire, labor market is suffering but hasn't cracked. Nothing about that says "reduce rates"
Yeah, I mean there will likely be a symbolic cut sometime before the end of the year, but a .25 isn't actually going to do anything. High rates are here for another 2+ years.
  1. OliverHeldens
  2. Registered User
  3. OliverHeldenss avatar
  1. OliverHeldens
  2. Registered User
  3. Join Date: Oct 2014
  4. Age: 31
  5. Posts: 23,018
  6. Rep Power: 110,630
Quote
03-07-2024, 03:16 PM
#55
Originally Posted By coast2coastam⏩
Imagine though you buy now at all time historic highs, by far, we're at least 2x higher than the last peak (2008) in a lot of markets around the country, and the market corrects. RIP
The upside risks and downside risks are asymmetrical.

If the paper value of your house goes down - even significantly - it’s less likely to impact your day to day living and survival, particular if you have reasonably stable employment and have locked in your interest rate for a while. Talking about owner-occupiers here, obviously.

However if you are not an owner, you are fully exposed to movements in both house and rent prices, with little in the way to insulate yourself from these. These are real additional rent dollars coming out of your pocket if the market goes up.


The upside risk to house prices is much more harmful to the average person who is NOT a homeowner, compared to the downside risk to an owner.
By reading this post you acknowledge r32gojirra is an online persona and all posts by r32gojirra are satirical in nature. Comments by r32gojirra shall not reflect on the integrity and morals of the author portraying the online character nor any professional or contractual affiliates of the author.

AP4C
HTC
Repped by kimm into 200kcrew crew
  1. r32gojirra
  2. Brootal
  3. r32gojirras avatar
  1. r32gojirra
  2. Brootal
  3. Join Date: Feb 2013
  4. Location: East Coast, Australia
  5. Posts: 22,766
  6. Rep Power: 453,881
Quote
03-07-2024, 03:37 PM
#56
Originally Posted By FatLoserNerd⏩
Just lol us Zoomers are priced out. Guess I’ll live in a Van
have you seen van prices?
you are living in a cardboard box and you will like it.
  1. NitrogenWidget
  2. Starvation Mode GO!
  3. NitrogenWidgets avatar
  1. NitrogenWidget
  2. Starvation Mode GO!
  3. Join Date: Dec 2010
  4. Location: United States
  5. Posts: 35,445
  6. Rep Power: 323,486
Quote
03-07-2024, 03:43 PM
#57
Originally Posted By r32gojirra⏩
The upside risks and downside risks are asymmetrical.

If the paper value of your house goes down - even significantly - it’s less likely to impact your day to day living and survival, particular if you have reasonably stable employment and have locked in your interest rate for a while. Talking about owner-occupiers here, obviously.

However if you are not an owner, you are fully exposed to movements in both house and rent prices, with little in the way to insulate yourself from these. These are real additional rent dollars coming out of your pocket if the market goes up.


The upside risk to house prices is much more harmful to the average person who is NOT a homeowner, compared to the downside risk to an owner.
If you were to buy now for 3x or even 4x what you would have payed in 2019 or 2020, like on that Fort Myers house, and prices just return to pre-covid levels, I don't see how that's not a worse situation than renting in the coming years, especially if you put 20% down. How much more can that $120k house go up from $410k? Who that can afford a $410k house wants to live in a shoebox from the 60s and be surrounded by people who pay a fraction of what you do, and that's all they can afford. You're a lawyer or a doctor, whatever, and they work at 7/11. Bad schools, more crime and that kind of thing.

I would have 100% agreed with you guys before covid, but I just can't wrap my mind around why houses in undesirable areas should suddenly cost several times more over the span of a few short years, and how this is sustainable long term, unless they reset the dollar or something, people don't earn enough for this.

If the paper value of your house goes down, you're still stuck making those massive paper monthly payments for something that's worth a fraction of what you owe, for 30 years. Your $3k monthly payment vs your neighbor's $700 for the same thing, again, for 30 years!
  1. coast2coastam
  2. Registered User
  3. coast2coastams avatar
  1. coast2coastam
  2. Registered User
  3. Join Date: Jun 2009
  4. Location: United States
  5. Posts: 6,154
  6. Rep Power: 133,344
Quote
03-07-2024, 03:45 PM
#58
Originally Posted By blissful88⏩
SNAP EBT are state bennies, the Kormo/Havoc way of living off your taxes

Credit cards are easier to get than they used to be; a 550 score will get you a $2K limit, just rinse and repeat until you're $15K in debt; this is what 97% of Americans are doing
I've never heard of credit cards where you can just keep spending without paying it back. I had one once and had to pay it back by the end of the month.
  1. eod8989
  2. All honked out
  3. eod8989s avatar
  1. eod8989
  2. All honked out
  3. Join Date: Aug 2014
  4. Posts: 39,485
  5. Rep Power: 81,966
Quote
03-07-2024, 04:02 PM
#59
To many people bout to go under. It's over
Eat My Shortz
  1. LuigiMiami631
  2. AKA Horse Choker
  3. LuigiMiami631s avatar
  1. LuigiMiami631
  2. AKA Horse Choker
  3. Join Date: Mar 2023
  4. Posts: 6,166
  5. Rep Power: 72,729
Quote
03-07-2024, 04:09 PM
#60
Originally Posted By NitrogenWidget⏩
have you seen van prices?
you are living in a cardboard box and you will like it.
yeah i saw this transit ford has that was decked out to live in….really simple accommodations but it was like $125k. the idea of living in an old van that will break down just doesn't do it for me
  1. eddiehaskell
  2. Registered User
  3. eddiehaskells avatar
  1. eddiehaskell
  2. Registered User
  3. Join Date: Oct 2009
  4. Age: 40
  5. Posts: 8,946
  6. Rep Power: 39,796
Quote
Bookmarks
Digg
del.icio.us
StumbleUpon
Google
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts