I'm chilling in my apartment trying to increase my income year over year and pay off my debts and then I'm going to be super picky about my house. Buying in my market has been just barely out of reach for years and it's just so frustrating to think if I managed the purchase I'd be paying so much for so little.
It's even more frustrating that the same houses I looked at in 2016 for $120,000 are listing for $175,000 and selling for $183,000 today. It's just not a good time to buy.
Edit: To those of you living in California, New York, etc where housing prices are, like, $1m for 4 walls and a roof, I get that and I think everyone else does too. The rest of us are just going through a sort of shock right now where our parents bought big homes 15 years ago for a $700/month payment and almost nothing down, and now we are faced with $1400/month for the same home in average condition and no upgrades and our incomes have not risen much at all. It's a national problem, but forgive me if I'm not shocked at small homes costing $1m in LA.
In my grandfathers generation you didn't even have to be middle class. He was a god damn janitor scrubbing rich peoples toilets and afforded a house in a white lower working class neighborhood, a stay at home wife, and four kids. That same job now pays so little you would be living alone in a van down by the river. The economy is fucked especially over the past 30 years.
I work a middle class job as an engineer in Southern California. I have friends in LA living paycheck to paycheck who will one day effectively become about 20x as rich as me over night because the grandmother they grew up with is leaving them her small house in Silverlake that was purchased back in the 80’s that is now worth more money than I will make in ten years.
Benedict_Indestructo on December 15th, 2019 at 18:02 UTC »
I'm chilling in my apartment trying to increase my income year over year and pay off my debts and then I'm going to be super picky about my house. Buying in my market has been just barely out of reach for years and it's just so frustrating to think if I managed the purchase I'd be paying so much for so little.
It's even more frustrating that the same houses I looked at in 2016 for $120,000 are listing for $175,000 and selling for $183,000 today. It's just not a good time to buy.
Edit: To those of you living in California, New York, etc where housing prices are, like, $1m for 4 walls and a roof, I get that and I think everyone else does too. The rest of us are just going through a sort of shock right now where our parents bought big homes 15 years ago for a $700/month payment and almost nothing down, and now we are faced with $1400/month for the same home in average condition and no upgrades and our incomes have not risen much at all. It's a national problem, but forgive me if I'm not shocked at small homes costing $1m in LA.
Aaod on December 15th, 2019 at 20:17 UTC »
In my grandfathers generation you didn't even have to be middle class. He was a god damn janitor scrubbing rich peoples toilets and afforded a house in a white lower working class neighborhood, a stay at home wife, and four kids. That same job now pays so little you would be living alone in a van down by the river. The economy is fucked especially over the past 30 years.
WillDoDatDevDoe on December 15th, 2019 at 21:43 UTC »
I work a middle class job as an engineer in Southern California. I have friends in LA living paycheck to paycheck who will one day effectively become about 20x as rich as me over night because the grandmother they grew up with is leaving them her small house in Silverlake that was purchased back in the 80’s that is now worth more money than I will make in ten years.