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Forum » How tf are people buying 4-500k houses?
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Thread: How tf are people buying 4-500k houses?

post 1666637073 08-23-2022, 06:34 PM
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How tf are people buying 4-500k houses?

Man I’m late 30’s can’t afford to get financed on $300k

How these first time home buyers making it out here?

This housing market is some bullsnip
post 1666637313 08-23-2022, 06:37 PM
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Originally Posted By mike.hunt⏩
Man I’m late 30’s can’t afford to get financed on $300k

How these first time home buyers making it out here?

This housing market is some bullsnip
$500k house might as well be a shack in 2022
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
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post 1666637333 08-23-2022, 06:38 PM
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We bought them a few years ago and are now just swimming in equity

Still jealous of rentcels though since they can move at the end of the month
post 1666637473 08-23-2022, 06:40 PM
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They bought a house for $100k before the boom, sold it for $300k and now getting a small loan and trading up to a bigger house in a nicer neighbourhood

Alternatively they’ve got a multi-family complex in some other neighbourhood and using the income from that to finance the purchase of their own home

Or they just have a decent income
post 1666637503 08-23-2022, 06:40 PM
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Most people use money. Ror.
post 1666637553 08-23-2022, 06:40 PM
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Mine’s up $200K under 2 yrs
We’re all gonna make it.
post 1666637683 08-23-2022, 06:42 PM
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My house is worth 600k feels good man
post 1666637743 08-23-2022, 06:43 PM
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Because you don't make enough money. How much you make op?
Never neg first but always neg back crew
post 1666637793 08-23-2022, 06:44 PM
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They aren't, that's why sales are imploding to quarter-century lows.
FA Crew
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"Experience is something you get right after you need it."
post 1666638253 08-23-2022, 06:51 PM
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been wondering the same thing, some So cal cities have houses in the 600-700k range, these are not " nice homes" by any means...
post 1666638493 08-23-2022, 06:56 PM
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Depends

Some are retards doing jumbos and taking loans for down payments
Coincel
Florida crew (lol at coldcels)
post 1666638673 08-23-2022, 06:59 PM
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Originally Posted By mike.hunt⏩
Man I’m late 30’s can’t afford to get financed on $300k
Gonna guess you’re single and still working at Home Depot

But running the Treasury printing presses ultimately drove-up asset values, turning the lower middle class into rentcels
post 1666638723 08-23-2022, 07:01 PM
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My woman and I spent a good chunk of time renting an $800/month basement suite under a family of 6 while building a down payment for the first house, even though our household income was over $100k
post 1666638873 08-23-2022, 07:06 PM
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Wrong place to complain. Miscers are making 10k/day here and can’t stop complaining about the poorcels who aren’t paying rent on their properties.
post 1666638973 08-23-2022, 07:09 PM
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Originally Posted By Anachron⏩
Location : Canada

Fixed that post for you, bud.
lol fukn guy
post 1666639253 08-23-2022, 07:16 PM
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500k doesn't even buy a ****ing beach cabana where I am
post 1666639363 08-23-2022, 07:17 PM
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Originally Posted By mike.hunt⏩
Man I’m late 30’s can’t afford to get financed on $300k

How these first time home buyers making it out here?

This housing market is some bullsnip
I got some bad news bro. I got approved for 300k 4.5 years ago while I was making 70k lmao
post 1666639543 08-23-2022, 07:21 PM
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Originally Posted By dizzin9⏩
Mine’s up $200K under 2 yrs
isnt las vegas a chit hole now?
post 1666639693 08-23-2022, 07:24 PM
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How can you not get financing for 300k? Srs, vry srs. A toothless crackhead can at least get 250k financed all day ,every day.



Are you unemployed?
post 1666640123 08-23-2022, 07:34 PM
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Originally Posted By tripod29⏩
How can you not get financing for 300k? Srs, vry srs. A toothless crackhead can at least get 250k financed all day ,every day.



Are you unemployed?
I x2 this, but I will add. How can you not get financing for a 1 mill home? I mean that is chump change right now. Miscers be stacking mad bills right now that even Warren Buffet is taking notice.
post 1666640353 08-23-2022, 07:37 PM
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Originally Posted By GainzMcgee⏩
isnt las vegas a chit hole now?
Parts of it are. As long as you stay away from East LV and downtown, you’ll be alright.
We’re all gonna make it.
post 1666640423 08-23-2022, 07:38 PM
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Because people who bought houses 5 years ago have had their home value go from 100k to 600k
post 1666640723 08-23-2022, 08:35 PM
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Buy bitcoin in 2018 when it was $5k. Buy more bitcoin when it was $4K in 2020 when the money printer was going brrrrr knowing that is the reason it was created. Sell bitcoin in 2021 at $60K knowing the price moves in cycles based on supply and demand. Buy a house with the gains. All this information is available for free on the Misc and the internet in general.
post 1666640883 08-23-2022, 08:40 PM
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Originally Posted By r32gojirra⏩
They bought a house for $100k before the boom, sold it for $300k and now getting a small loan and trading up to a bigger house in a nicer neighbourhood

Alternatively they’ve got a multi-family complex in some other neighbourhood and using the income from that to finance the purchase of their own home

Or they just have a decent income
Get back to begging. That money won’t find its way into your account without it beggarcel.

Almost a new month, hope your not behind on your begging from the last month. The begging piles up quick when no one pays.
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
post 1666641153 08-23-2022, 08:45 PM
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A lot of people can’t afford that. Average (not median) household income in the USA is $67K, so after tax that’s around $52 -$55K, which is a monthly income ~$4500.

Subtract out groceries, internet, cell phone, utilities, etc, and that household is down probably close to $3000 remaining (realistically lower than that).

I highly doubt that household will have 20% to put down, so they’ll have a mortgage of at least $2500.

So they’re saving, maybe a few hundred bucks per month if they’re frugal.

No retirement, forever enslaved due to no financial freedom, and most likely have to leverage credit cards to do anything since they’re only saving a few hundred bucks.

Their only hope is for their house to appreciate so they can take out a home equity line of credit to pay off their credit cards and maybe car payment every 10 years or so.

But people will do it because they must consume and keep up with the joneses because that’s what they’ve been brainwashed to do.

So to answer your question, no it’s not affordable for most people. But most people are dumb and will do it anyway.
post 1666641173 08-23-2022, 08:45 PM
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Originally Posted By tripod29⏩
How can you not get financing for 300k? Srs, vry srs. A toothless crackhead can at least get 250k financed all day ,every day.



Are you unemployed?
Self employed which minus whale be unemployed in the eyes of banks


My accountant goes hard on the write offs
post 1666641193 08-23-2022, 08:46 PM
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It's simple. They just get less bang for their buck than people who bought into the market a few years sooner.

I see zoomers today looking at houses online and chit. Typically, these early to mid-20's people are looking at houses in the $230k range. Meanwhile, that $230k today got them a lot lesser of a home in 2020 /onward than I got for like $160k in the mid-2010's. It'd really suck to be in that position though, because I honestly couldn't afford my current house if I were to try buying it today, especially if it meant trading away my sub-3% mortgage rate to the 6%+ or whatever bs.
post 1666641253 08-23-2022, 08:47 PM
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They'll all claim that they are self made, but they really come from rich families, which serves as their collateral when getting those loans.
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post 1666641263 08-23-2022, 08:47 PM
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Originally Posted By MuscleXtreme⏩
A lot of people can’t afford that. Average (not median) household income in the USA is $67K, so after tax that’s around $52 -$55K, which is a monthly income ~$4500.

Subtract out groceries, internet, cell phone, utilities, etc, and that household is down probably close to $3000 remaining.

I highly doubt that household will have 20% to put down, so they’ll have a mortgage of at least $2500.

So they’re saving, maybe a few hundred bucks per month if they’re frugal.

No retirement, forever enslaved due to no financial freedom, and most likely have to leverage credit cards to do anything since they’re only saving a few hundred bucks.

Their only hope is for their house to appreciate so they take out a home equity line of credit to pay off their credit cards and maybe car payment every 10 years or so.

But people will do it because they must consume and keep up with the joneses because that’s they’ve been brainwashed to do.

So to answer your question, no it’s not affordable for most people. But most people are dumb and will do it anyway.
Exactly either buy an overpriced house and barely scrap by




Or rent an overpriced apartment and barely scrap by




Either way you’re fuked these days
post 1666641513 08-23-2022, 08:52 PM
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400-500k is on the low side depending where u are at... 400-500k would get u a 30 year old townhouse in my parts.

but as others have alluded to... high paying jobs... its out there. you have a wife/girlfriend chipping in
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