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07-26-2024, 10:42 AM #31
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07-26-2024, 10:43 AM #32
Average house price is 347k. Buy a below average house if you can’t afford it.
1 Hawaii $839,013
2 California $765,197
— District of Columbia $610,548
3 Massachusetts $596,410
4 Washington $575,894
5 Colorado $539,151
6 Utah $509,433
7 New Jersey $503,432
8 Oregon $487,244
9 New Hampshire $454,948
10 New York $453,138
11 Montana $448,238
12 Idaho $443,500
13 Rhode Island $438,711
14 Arizona $426,680
15 Nevada $426,267
16 Maryland $406,843
17 Florida $392,306
18 Connecticut $384,244
19 Maine $382,580
20 Virginia $377,699
21 Delaware $374,252
22 Vermont $373,001
23 Alaska $349,502
— United States $347,716
24 Wyoming $334,782
25 Minnesota $323,034
26 North Carolina $322,527
27 Georgia $321,821
28 Tennessee $311,531
29 Texas $298,624
30 South Dakota $292,551
31 New Mexico $292,280
32 South Carolina $287,882
33 Wisconsin $286,394
34 Pennsylvania $255,570
35 Nebraska $251,315
36 Illinois $251,267
37 North Dakota $248,022
38 Missouri $238,125
39 Michigan $232,511
40 Indiana $231,533
41 Alabama $221,490
42 Ohio $217,698
43 Kansas $217,315
44 Iowa $208,755
45 Oklahoma $199,378
46 Arkansas $198,838
47 Kentucky $196,550
48 Louisiana $194,308
49 Mississippi $171,613
50 West Virginia $155,491
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07-26-2024, 10:47 AM #33
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07-26-2024, 10:51 AM #34
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07-26-2024, 10:53 AM #35
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07-26-2024, 10:56 AM #36
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07-26-2024, 10:57 AM #37
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07-26-2024, 11:01 AM #38
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07-26-2024, 11:04 AM #39
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07-26-2024, 11:06 AM #40
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07-26-2024, 11:09 AM #41
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07-26-2024, 11:19 AM #42
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07-26-2024, 11:21 AM #43
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07-26-2024, 11:26 AM #44
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07-26-2024, 11:29 AM #45
2 median or higher incomes and no children is about the only way you can make the numbers work out.
Speaking of kids, they're pretty much a thing of the past for people under 40. Houses are pretty much gone too. As structural inflation pushes younger generations further into poverty, cars will be the next item they can no longer afford.
Things should be stable for a bit after those 3 big-ticket items are out of reach. The next items for negative real wages to claim would probably be meat, internet, and heating fuel, but by that point you are literally a 3rd world country. I think we're going to end up looking lot like Brazil by the end of it.Last edited by FAPhaggot; 07-26-2024 at 11:44 AM.
FA Crew
Always Pick 1 Crew
"Experience is something you get right after you need it."
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07-26-2024, 11:48 AM #46
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07-26-2024, 11:53 AM #47
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07-26-2024, 11:55 AM #48
The way I see it, prices won't go down substantially. Governments lose tax revenue, boomers lose money, the rich guys pulling the strings lose money... they have every interest in keeping real estate propped.
Interest rates are phukky, and I don't know whether they will continue moving up (because the US is broke), or go down (because the US is broke). I would not want to place a mortgage-sized bet either way.
So I would say if you can swing the payment today, just do it. There is almost 3x more USDs running around compared to '09, and no one wants to hold cash. If doubling monthly payments didn't break the back of list prices, I don't know what else will.FA Crew
Always Pick 1 Crew
"Experience is something you get right after you need it."
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07-26-2024, 12:01 PM #49
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07-26-2024, 12:02 PM #50
sorry but no one feels sorry for people who complain and do fuk all about their situation. You only want to talk about why you can't afford a house but you never talk about how to change your situation. When someone offers some advice you just say "that's not realistic". Yeah, well fuk off then.
2022 Option Trading Realized Gains: $125,348 USD
2023 Goal: $140,000
2023 Option Trading Realized Gains: $142,035 USD
2024 Goal: $80,000
2024 YTD Option Trading Realized Gains: $69,288 USD
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07-26-2024, 12:05 PM #51
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07-26-2024, 12:14 PM #52
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07-26-2024, 12:24 PM #53
That's not how it works though. Of course you have to course correct and not be a victim, but you also have to realize the insanity of asset prices to income ratio is through the roof.
The average housing price jumped 31% from 2020 to 2023. Now go through every asset that went up as well, and compound it.
The average wage increase is 3%.
That's a system that is broken and cucking you to a point of peasantry. So talking about this and trying to figure out what to do while noting how absurd it is....is a normal thing to do.
I don't think people truly understand how INSANE this is and what is going to happen in the US financially. It's not going to be pretty.
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07-26-2024, 12:30 PM #54
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07-26-2024, 12:32 PM #55
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07-26-2024, 12:35 PM #56
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07-26-2024, 12:36 PM #57
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07-26-2024, 12:37 PM #58
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07-26-2024, 01:21 PM #59
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07-26-2024, 01:46 PM #60
Welcome to reality. Now what are you going to do about it? More whining or do you have a plan to get you a little bit closer to your goal. Your post typifies what losers do. "OK, let me talk a whole bunch more about why it's hard."
How about talking about what you're actually gonna do? Or are you gonna pray that some divine intervention takes place? Fml
I only care about this as much as it being a topic of conversation. If you guys keep standing around with your thumbs up your asses you will be the ones fuked in the end. Be my guest.2022 Option Trading Realized Gains: $125,348 USD
2023 Goal: $140,000
2023 Option Trading Realized Gains: $142,035 USD
2024 Goal: $80,000
2024 YTD Option Trading Realized Gains: $69,288 USD
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