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[+] 3 points 7 months ago (3 children)
  • [+] 2 points 7 months ago* (3 children)
  • [–] 2 points 7 months ago (2 children)

    I bought a 100k house 4 years ago with about 13k in down payment+closing costs. Yes I live in a smallish town and that comes with some compromises, but it is an option that exists for people. With the subsequent boom and then normalization of house prices my house has gained about 40k in value, so where I closed with a purchase price of ~120k, it's now showing a value of around 160k (and peaked around 180k a year or two ago)

    There's also plenty of large and major cities with home values of around 200-400k if owning property is your long term goal. Quite frankly if that is your long term goal there are options. Maybe you buy a fixer-upper and invest a bunch into repairs and renovations over time. Maybe you have a friend or two you can have join you in a purchase to increase your buying power. Maybe you buy a duplex/multifamily home with a friend or 3. Maybe you buy a duplex/multifamily home and rent out the other units to strangers. Maybe there's a nice place where you can still commute into your city where home values aren't outrageous. Maybe you know someone who aready owns a house and you can convince them to build an ADU for you to rent, or even come to an aggreement to finance the ADU and later subdivide the lot so you can eventually own the property. Maybe you get a property that can be a business like a wedding venue or a museum or a hotel? Maybe you up and leave and move halfway across the country or halfway around the world. Maybe you sell everything, leave everything behind and go buy a small house in the country and drive a school bus or start an organic greenhouse or run a shop. Options exist especially at your income level. You just have to be willing to take a risk

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  • [+] 1 point 7 months ago* (last edited 7 months ago) (2 children)
  • [–] 3 points 7 months ago (1 child)

    I'm not pretending that shit isn't bad, but doomerism isn't going to help anything. I'm trying to inject some hope in because if you can't build a better future if you can't imagine a better future. At the individual scale there are always options other than renting forever, and some can be really brilliant options for the right people

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  • [+] 2 points 6 months ago (1 child)
  • [–] 1 point 6 months ago

    Again, shits bad, but you're conflating the experience in famously unaffordable cities to the entire country.

    The median home sale price in the US for Q4 of 2025 is almost exactly 400k. A conventional 30 year mortgage with 20% down comes out to a monthly payment of $2200/mo, and for a healthy ~30% debt to income you'd need a household income of about $100k/yr. Yeah that's not great at all, but that's with everything 100% conventional and median. You can reach 100k household income with 2 incomes pretty easily since most professional careers will pay around 40-60k/yr

    Shop for more of a starter home at 300k (again, the median is 400k which means depending on the market you can very easily spend more or less than that and there's plenty of large cities with home prices starting around the 200k range) and that comes down to about $1800/mo or a household income of 70k. That's feesible for a single working professional at mid/late career, but more importantly that's an easy household income to hit with 2 average working class incomes

    Again, shits bad but it's not completely unattainable in most of the country. Saying that because no average person can realistically expect to be able to buy a home in LA or Seattle or New York therefore nobody can isn't spitting facts, it's being a doomer. Can an average person expect to buy a property in a city where the median home price is nearly 7 figures? Of course not! But that's not the reality for most of the country.

    Most large cities follow the median home price of 400k, some happen to have lower and some happen to have higher medians. And even better, for a person who isn't too married to the idea of living in a major city, small town America has plenty of wonderful homes for under 200k or even under 100k and some of these small towns are actually quite lovely and haven't been completely destroyed by conservative politics. Again, I'm being real here, shits bad, but it ain't the shitshow youre describing for the entire county

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