I saw the same joke in Two and Half Men

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I’m fascinated by how idioms have gone a complete 180. Now we tell people that they just need to pull themselves up by their bootstraps, but that idiom is used to describe an impossible task. You can’t pull yourself up by your own bootstraps, it’s literally impossible. Same with it’s just a few bad apples to excuse bad behaviour. The idiom is a few bad apples ruins the barel, that one bad person or thing jeopardizes the whole thing. I don’t get it.

At least she was open to listening, hopefully you’ve made an impact on her going forward

I’m GenX as well and I will straight up admit that my wife and I got lucky, purchased a house in a “distressed” neighborhood in Portland because it was all we could afford, and now, 20 years later, the neighborhood is fully gentrifying and our house and property is worth way more than what we owe on it.

I’m conflicted as to how to feel about it. While on the one hand we very innocently bought the place because it was in a shitty neighborhood and was all we could afford, on the other hand I now know that we were what the urban studies people refer to as “bohemian colonizers,” meaning that without knowing it, we were, by moving into the neighborhood as poor artist types, part of a much longer process of gentrification.

Again, I am of several minds regarding how I feel about the whole thing.

Which would be round about $55000 in today’s money, for those interested.

Today a the median yearly salary for a welder is a bit less than $40,000.

For this price you can maybe get a camper, not too big though.

This is actually worse than it sounds 1 year of salary can be paid off in 2.5 paying the same amount someone pays for rent on their apartment. In 2.5 years you wont pay much in the way of interest. Over a 30 year mortgage paying the median home price of 388k means paying almost 3x the face value or roughly 1.1M or roughly 17 years of median income.

They really should tax empty houses at 100%. You’ll see how fast they will sell, and how low the price will go to achieve that.

I just bought a house in the eastern part of the Midwest in the US. The tax assessment in 2021 for the house was about 193k. In 2023, it’s 275k. That is a 30% increase in 2 years. During those 2 years, nobody lived in the house, and no improvements were made in that time. Neat! My mortgage is still about the same as my rent for a 2br apartment in Oregon earlier this year. I suspect the Midwest is about to start hating Oregonians as much as Oregonians hate Californians soon!

Unplugging them from life support is how I read it. I like the darkness.

He’s practicing pulling the plug on his dad

I’m going to buy inherit a house!

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That is some achievement to lose money on a house in that time period, did it fall down 😂

Those house prices sounds absolutely insane to me.

I’m also in the UK, but I’m in the South East, so house prices are very high. Still managed to find a “cheap” house recently due to the location being a bit rough.

For comparison, my house that I’m buying is £345k (it’s 2 bedrooms with a separate garage and 2 bathrooms). I saved up a £125k deposit by living with my parents for the longest time (I think it took me about a decade). The exception being for 3 years when I house shared - the rent was £325 per month with bills included, but my room was effectively a glorified cupboard.

I will also say that I was saving lots and lots of money with my old job. I’m a software developer, so my salary was good (started off at £22.5k, went up to £45k with about 10 years experience and being a senior dev, then our company got bought out and my salary went up to £55k). A year later and I switched jobs as the annual salary increase was £150 (for the whole year). Ended up with a £75k salary w/ bonus, private healthcare, etc etc. I really lucked out at that moment.

As to why I didn’t buy a house earlier with my deposit, there was two reasons:

• I had saved up about £100k before for personal savings, then that money went to help a sibling (call this sibling A) with their property. My parents sold a property aborad to effectively give me back the money, but the money was split between me and another sibling’s bank account (call this sibling B) because of financial advice given by my uncle. What then happened was sibling B didn’t give me back the money and was being incredibly difficult about the money, and since they have a history of being difficult in general, I decided I was going to save that money instead.
• Sibling A wanted to start their own business, but it effectively flopped for all sorts of reasons. They had amassed a loan of £15k, and I helped pay that off. This was while sibling B was being incredibly difficult.
• Main reason: At the time, I didn’t know if I really wanted to stay at the job for so long, and if I did want to stay, I didn’t want to move into the area where my job was - despite the convenience, the area was incredibly rough - almost GTA like (and that is no exagerration). I didn’t know where I wanted to live, and the places I would be interested in, I effectively had no clue as I was living with my parents at the time.

So yeah, buying a house in the South of UK isn’t easy at all. It requires a ton of patience and luck.

You bought a house for less than $45K? Excuse me?

For comparison, a 2 bedroom 1 bath house at about 1000 square ft in my area would cost 250K for a place that needs repair and remodeling.

Which city is it? I would very much like to move in. The housing market is so ridiculous now that even in my crappy city, in a terrible country that lost millions due to COVID, and is now at a goddamn war losing thousands of people by day, the prices are still skyrocketing. Currently, even the cheapest 12m² room inside an ex-USSR barrack costs like 20 grand, and the situation is even worse outside the cities.

Yep

Nitter RSS is working?

The homeownership rate in the United States is the percentage of homes that are owned by their occupants.

I think you a word there.

Hahaha, you’re hilariously out of touch.

Zoomers and Millennials would be lucky to find a small home for sale, as greedy real-estate and construction industries have pretty much decided that building starter homes isn’t profitable. My local 900 ft sq home costs just 20k less than a larger home, and they’re all over 300k

Kids? Who can afford kids? Zoomers and Millennials aren’t likely to be in the position to have multiple kids.

And its a lot easier to live without A/C pre-2000, you know, before people polluted the fuck out of everything we depend on to live

But go on claim a worldwide housing crisis is due to a generation of lazy people and definetly not due to giant investment industry that 's squatting on top of housing. Did you have to fight airBNB to get a bid in in your day, grandpa?

I would love to even find a house like that on the market.

I would buy that house in a heartbeat if I could afford it

You truly have no idea how zoning, home construction, or really anything works today and this very ignorance is informing your biases.

Man, I saw houses in Portland that were smaller than 900 sq ft, did not have central AC, no appliances, and had water damage and wires ripped from the walls above $200k. That’s not the case in all markets, but it is for a great many. Get on Zillow and start looking around as if you were in the market. Ask yourself if you’d be willing to offer some of these asking prices.

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The point isn’t that it’s impossible.

The point is they act like it’s just as easy as it was when they were in their twenties.

Back when you could comfortably support a family with one job working 40hrs/week. Any job.