So? Interest rates or something?

If we take the price per square foot from 1970 and adjust to 2021:



If I divide the 2021 median home price by the 2021 median square footage I get $151 a square foot.

Also fun: you can take the US median income for 2021 and convert it to 1970 dollars:



That's a real increase in income of about 30% for a situation where now most families are dual income. Double the labor for only 30% more income. And if you have children and both parents work then you are likely paying something for childcare for at least a decade or so.

In 1970 $ price per square foot the 2021 house would cost $38,819.

1970: median home price = 2.68X median household income

2021 median home price [IF calculated in 1970 dollars]: = 3.39X median household income

So looks to me like even accounting for a larger square footage and about a 30% increase in real median household income that housing isstillmore costly.

I'd say things have gotten significantly harder in 2022 in a high inflation/post covid world. But at the same time its FAR easier to earn a high income/build wealth now then it ever was. We literally have teenagers/people in their early 20s making millions working for themselves with online businesses. Social media influencers. Youtubers. Etc. Boomers had to work/invest for 40 years before they could become millionaires. Now-a-days if you apply yourself and have bit of luck you can build tremendous wealth/income in a short amount of time.




You can be pissed all you want but the simple truth is there are a ton of young people that are killing the game and making a high income. Real estate prices can keep going up. Because plenty of people can afford to pay the premium rate to live in desirable locations. There will always be haves and have nots.


What next? Millennials go have a melt down in a Lambo dealership because the price of a Lambo is unfair and unrealistic?


Prices in Colorado are most likely artificially inflated because its another super desirable state.. I lived there for awhile and you could find decent places for 250-300k at the time in fairly desirable locations/not too far from ski spots. Obviously upscale locations costs much more.


Colorado real estate is kind of unique because there is so much outside wealth there. People will literally drop 1 million plus on a vacation house/condo that they visit a couple weeks out the year. People with money will buy up real estate in desirable areas to air bnb out also. Not too many years ago, If you were willing to commute 30 minutes or so from larger cities/ ski spots you could find decent houses for a good price (300K range). But construction costs in the state can be fairly high. If I had to guess I'd say in the last couple of years with supply chain issues and inflation real estate has gone ballistic there.


Haven't priced real estate in forever in CO. Its one of those places that's amazing to visit but hard to live unless you have a niche income.

True story.

Breh you can't compare the desire for a lambo with the desire for a totally average single family home that's affordable. Not even close to the same.

The young rich people you're talking about are still less than 1%. You can't be serious using outlier success stories and telling everyone else to just work harder. The average person has always been average.

What's changed is the standard of living for them.

I'm just saying, nobody is forcing you to live there.

What's with this myth of how things were supposedly "easier back in the day?"

Nobody is forcing anyone to do anything. The concern is that younger generations are getting fuked out of homeownership and reasonable rent

This is why I think it's gonna crash in the next couple of years, unless everything else goes up in price accordingly, and this is just the new normal for the devalued usd. Cope aside, it just doesn't make sense when you look a wages and what most people can actually afford. If it's actually a ton of investors in the market, like Phoenix, once they start dumping the whole thing will fall apart, at least in theory, regardless of whether they've paid cash. It doesn't have to be just like 2008 to come undone.

the rent part is pretty fukking bad here

you need to MAKE 50k a year just to rent an efficiency apartment, there are TONS of young people and low income workers who make half that and literally can't even get approved to rent in the city.

I don't make much but own a house worth 450k now, thats how it is happening.

Your wealth isnt what you make it's what you own. Thats why there are teachers who are millionaires and lawyers who live in 1 bedroom apartments.

That's true, however housing won't be limited forever, and it's not the same everywhere. People are willing to make a lot of sacrifices to live in San Diego or San Jose, I personally don't think the same holds true for a shack in the middle of the desert behind a dollar general that's suddenly $400k (not directed at you, just based on what I've seen). Many cities have unlimited room to grow too and loose regulations, unlike the traditionally expensive parts of the US.

In addition to this everyone seems to think housing can only go up, which seems to be a hallmark of hysteria. Just a few months ago people were already accepting the new reality of covid passports, and now look where we are.

im confused why an incel like yourself would want to own a home. srs. not hating. just seems pointless.

huh their rent is only 1300 between 2 people. mine is more than that and I probably make less than him and i spend tons of money on hookers lol

Interesting, how is it that so many of my co-workers in their 20s are able to afford a house?

I have a house right now. I wanted one because rent was so expensive it made no sense

They're buying chit houses, they're getting help from family, they make a lot of money, its a low col area, theyre house poor.

Could be a lot of things

$1400/mo for a couple is $700 per person or $8400 peer year for rent. That's totally reasonable for a person with a decent job. They obviously have terrible credit or some other issues, which is the reason they can't buy a home.

Housing prices haven't changed much here in Illinois, yet rates are at record lows. Take a look at the price history on homes in the sunbelt.

More people could probably afford homes if we didnt get completely raked over the coals paying taxes on taxes on taxes on every aspect of life. The current model of government is unsustainable and at some point will have to collapse.

A good libertarian could probably do this country alot of good but what do I know, the guy I like best for the job (Dave Smith) has to do underwear promos to keep his podcast going. At the same time though I'd prefer that over big special interest groups buying a person out to get their laws passed ect.

my parents paid 35k for a 2 acre chunk of land on a dirt road 20 years ago and put 100k house (materials) on it

when they built it it was worth maybe 250k to sell

today neighbours houses of similar value are going for 750K+ (it also has a 2500 sq foot detached garage so lets say more like 1 mill) and that 2 acre plot of land two roads over now is 350k

ya houses are expensive and its **** that poor people need to compete with investment companies to get starter homes

Don’t worry guys the house price crash will be here within the week

This is why so many Chinese are “laying flat” just doing the bare minimum and gave up on the rat race, they are also not getting married or having kids due to high expectations and high cost.

did it help with girls?

Theyre cops, they don't make a ton of money. And they're getting houses in MT Greenwood or Beverly.

So after all of your bitching, you finally got a house?

I just rented a 3/2 this morning for $2k in a not great part of Glendale (previous tenant I had was paying $1.5k) it definitely must suck to be a rentcel right about now

It makes sense. There's barely even a point in working if you're can never get ahead. Rotting is the better choice

Of course not nobody gives a fuk.

A family friend bought a dump of a house with a few acres for $13k in 1990. The house looked like a southern plantation home built in the 1800s. Amazing looking house. The frame was solid timber, but the whole place had to be redone. 30yrs later it's worth over $300k. It's not the best location, but it's quiet out there. You could never find a better built home today.