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Looks like we'll be living in an apt forever!

L

LuckyTaxi

Diamond Member
I'm currently living in an apt just outside of philly, away from the crime and traffic.
Anyways, we've been thinking of family and what not and where we would want to live when we decide to have kids. I just browsed for houses in our area and it's ridiculous! $300k+ for a decent house. I can get a condo for low $200s but that gets me a townhome next to neighbors w/ no land!

At this rate, we'll be in an apt. Anyone else feel the same way?
 
yea considering the market in CA and NY are way higher but who the heck wants to put atleast half their income towards a mortgage! ugh ... i need a second job 🙂
 
Move. No one is forcing you to live there.

If you don't want to move, buy a cheaper starter home. As your income and savings go up, upgrade to nicer home.
 
There were some houses in Detroit MI going for around 30k a while back. Course, the economy in MI is utter trash, and you'd be living in a city composed of retards living off govt handouts too lazy to hold a job. . .
 
As a home owner I miss apartments. No mowing, no shoveling, no property taxes, no repairs. Something breaks, call the landlord. Want a new location, simply move. Bad neighbors from hell, simply and easily move. Ownership is way blown out of reality and proportion.

You might want to consider an upscale mobile home park with a pre-fab type of home. My parents just moved into one. Not the typical, but strict rules. And their home is a nice prefab 3-bed 2 bath home with a small yard and huge kitchen. Now to me... THATS the way to go now a days. Its like new and the sellers were too old and went to a senior complex. So they got it for $25,000 cash. No mortgage, little taxes. Just lot rent, and thats much less than property taxes on a $200,000 home. If I didn?t have 3 dogs, I'd go that route in a second. And once the dogs are gone, thats the way I'm going.

Its an upscale park, with a pond, geese, pool, club house and NO trailer trash tenants with broken down cars in the yards. Just perfect!
 
yep we're renting our house too until these idiots in our neighborhood come down in price. They all wonder why their house has been on the market for 6 months with no biters, and they refuse to come down in price. Our rent is one third of what it'd cost per month if we bought, plus we don't worry about upkeep/mainetenance.
 
My wife and I moved from the SF Bay Area in California to Raleigh, NC so we could afford to buy a house. Unfortunately because of the paycut she took we can't buy a house that we actually want (the ones in our range are either small, old, or in a shitty neigborhood). I guess we're ahead of the game a bit, in California we couldn't buy a house at all.
 
Originally posted by: daveymark
yep we're renting our house too until these idiots in our neighborhood come down in price. They all wonder why their house has been on the market for 6 months with no biters, and they refuse to come down in price. Our rent is one third of what it'd cost per month if we bought, plus we don't worry about upkeep/mainetenance.
Click to expand...

But think off all that equity (negitive that is) your missing out on.
 
My house was $70k. 3 bedrooms, maybe 4. 2 bath. 1/3 acre. It needs new carpet and new paint on the wallls, but its not bad. I am 1 hour north of Pittsburgh.
 
$600K will get you an average home in Orange County. If you want a nice home in a good neighborhood, you'd be looking at $800K - $1 million.

:BARF;
 
Originally posted by: FoBoT
come out to flyover country and live like a king in a < $200K house with acreage
Click to expand...

shhhhhhhh.....

Don't let the coasters know that. They'll cash out and bring all their money over hear and screw up the prices for us "natives".
 
Originally posted by: vi_edit
Originally posted by: FoBoT
come out to flyover country and live like a king in a < $200K house with acreage
Click to expand...

shhhhhhhh.....

Don't let the coasters know that. They'll cash out and bring all their money over hear and screw up the prices for us "natives".
Click to expand...

Most of us coasters are addicted to the crack called awesome weather. I hope to break free from it one day.
 
Originally posted by: Squisher
Can you describe what you consider decent?

Edit: like square feet and size of lot.
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Yeah... "decent" to some people is having rooms for storing crap that they just can't bring themselves to get rid of and having rooms for the purpose of not using them. I never got why my parents needed a dining room to use once or twice a year when we already had a "breakfast area" that we normally dined at... and both a living room AND a family room... one of which looked nice, but there was no reason to use outside of parties... which happen once or twice a year.
 
Where do you live? My cousins live in Cypress TX, where half the family just moved because you can get some dirt cheap homes that are pretty damn nice for the price

At least, you could a few months ago...if there are still such offers, look into it online! 😀
 
2100 sq ft, 4 bedroom 2 bath, 1/2 acre for 169k here in san antonio.. prices have crept up, though, but still overall cheaper than many big cities. yes, i do consider SA a big city - i think it's 8th in population largest now.
 
at some point, many of the generation that is currently coming of age will need to make a choice: do i live in Bumfvck, Nebraska, but have a home, or do I live in an apartment until someone in my family dies and wills me a home? the chance to get into the market in places you'd actually want to live is long gone for those just starting out, unless you and your SO are both in very lucrative careers from the get-go. suddenly the suburban home is like the Family Estate in the 1800's, where you have to come with a family with "land," in order to ever have it.

It creates an interesting mindset, because suddenly all those "conspicuous consumption" items like fancy cars and fancy televisions seem attractive to those who don't even own a home, because you could easily afford those things, and still be orders of magnitude away from ever owning a home.
 
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