/biz/ - Business & Finance

because there could be NIGGERS nearby.

Starter homes are 1m

>>16811556

This

>>16811546
i do want to live in a house like that one it just seems the price is too fucking high for what it is

>>16811546
I like the anonymity that comes with living in an apartment complex. I don't have to get to know who the fuck lives by me and what not.

>>16811546
>why aren't millennials willing to settle for a nice, simple starter home?
millennials can't even afford 1 bedroom apartments

I enjoy my comfy new condo, not having to mow lawns and all the other upkeep for a house, not to mention repairs.

>>16811606
>walls so thin you can make out entire conversations your neighboors are having
>anonymity
pick one

must be nice to live in a place like Japan, where even poor neighborhoods are still safe and have nice people
in my country a starter home would be in a neighborhood full of niggers, loud music, and a very real possibility of being robbed by someone in a motorcycle in broad daylight
fuck that shit, I'm living with my parents

>>16811546
>>16811556
>>16811571
You can't get a starter home in a decent area of a decent city for less than $600k (and a $600k starter home would be on the outskirts of Atlanta, Philadelphia, Dallas, etc -- a starter home in Boston or New York City or Seattle is gonna be more like $1MM)

>>16812011
if you cheap out and buy a house for less than this, good luck with the robberies and foundation repairs

>>16811546
a fucking apartment rent is 3x average wagerate

>>16812017
Think the housing market will tank again? If it doesn't I will never buy a house. I'd rather just buy empty land at this point

>>16811546
Because those "starter homes" cost as much as a mcmansion nowadays.

>>16812041
land has the exact same problem dimwit

it's not the price of a house magicly going up in isolation.... literally everything goes into land value

l2ricardo

>>16811546
you have to live close to where you make money usually

>>16811650

>>16812041

Outcome is not good. We'll probably get a recession but house prices won't dip to 2008 levels. That shit was based on lenders handing out tons of subprime garbage loans

>>16811555
this and checked

>>16811650
stop living in shithole apartments.

>>16811555
If you have a car you can go anywhere

>>16812094
It's over for me

>>16811546
>why don't millennial buy starter homes

be Canadian

never move here

>>16811546
That's because your starter home is 9/10 your final home.

>>16811555
heh doesnt matter i only leave home once a month

>>16811579
What you don't want to pay $355,000?

>>16811546
Starter homes on average across the nation excluding jewyork and commifornia are 200k-300k(brand new).Yea you can find 100k-150k homes but you have to live in Idaho or the middle of nowhere in Oklahoma and the houses are old, These low prices are in high crime areas or low pop areas. They cannot even afford that when they are working for 14/hr working minimum wage, they are already on the edge paying for their 1 bedroom apartment.

But there is something millennials can do, this applies to young men as most women wouldn't even think about doing this. You buy a tacoma or reliable truck with a camper shell and you live out of your truck, get a job and live in a planet fitness parking lot. You then save up as much money as you can in 5 years to buy crypto or invest in something that will make you money.

>>16811546
>Covered patio
Jesus christ just go ahead and kill me.

>>16811606
You can buy a condo you retard. Better then renting

>>16811546
A 900 sq ft condo in my area costs ~$200k. A 1500 sq ft town home $275k. This is in the Mexican infested areas too. Add 50-75k onto those numbers if you wanna be in the good part of town. When my parents were starting out they were going to buy a car and bought a house instead because the payments were close to the same. Their first house was like 70k in the late 80s. Boomers and spics completely fucked the housing market

Where I live a starter home is $200,000. Some start.

>>16812625

so you put down 5% ($10k) and your monthly mortgage payments are only around $1200-1400 depending on property taxes. half of that is tax deductible too, i think most millennials don't understand that.

>>16811546
I like to live frugally unironically.

>>16812691
You're assuming 10k in the bank and $3600-4200 monthly income.

https://www.brookings.edu/blog/the-avenue/2020/01/08/low-unemployment-isnt-worth-much-if-the-jobs-barely-pay/?fbclid=IwAR2HGdK9WpXp4HDrgbejSpNzMM78tgw-ZdeG-G9ErGeIoE4q8IACdEjG2Ao

>>16812751

yeah i wouldn't advise buying a $200k house on minimum wage lol. but if you have a "decent" income of 50k/year plus some savings, or if you're a married couple and make 50k+ combined (national household average), then you should be able to pull it off. unless you have like $200k of student debt or something.

>>16812691
>monthly mortgage payments are only around $1200-1400
>only
But then how would we afford our Starbucks????? Catch MS, boomer fuck.

>>16812766
bud the situation you're describing is shockingly rare

>>16812766
>>16812910
From my link:

> In a recent analysis, we found that 53 million workers ages 18 to 64—or 44% of all workers—earn barely enough to live on. Their median earnings are $10.22 per hour, and about $18,000 per year. These low-wage workers are concentrated in a relatively small number of occupations, including retail sales, cooks, food and beverage servers, janitors and housekeepers, personal care and service workers (such as child care workers and patient care assistants), and various administrative positions.

>>16812691

Lol someone is forgetting closing costs.

>>16812458
is it legal to just permanently live in a parking lot?

>>16812982
Depends on where its at. Lived in a walmart parking lot for a while, they cannot kick you out

>>16812994
did they harass you or just not give a fuck

>>16812994
>>16812982

The Walmart’s in my city host a few RVs that have sat for a few months in the end of the parking lots. Don’t know about permanent, but I’m sure if you ask the store manager they won’t really give a shit as long as you don’t look like a pedo asspie.

>>16811555
fpbp

>>16812106
They are doing it again. Never underestimate the other guys greed.

>>16812691
>your monthly mortgage payments are only around $1200-1400 depending on property taxes


That's a lot of fucking money if you only make 15$ dollars an hour.

>>16812994
I think it's there policy to just allow the rvs because they basically serve a free security at night and they all buy shit during the day.

>>16811556
Move away from the coast, entitled faggot

>>16812138
Underrated.

I make 40k yearly, and I own a home with 3 bedroom and 2 bathrooms. Big living room and a garage (In a nice area too, no niggers). I love texas. My mortgage is only like $650 a month

>>16813585
what part of texas

>>16811546
What the fuck is a starter home.

>>16811546
Because my parents have a beautiful house and finished basement with split entry and I pay zero rent why the fuck would I want to down grade

>>16813452
Kek, that’s where all the jobs are.

>>16811546
Why so much housing talk today. It's a pretty shit investment. Buy some Kleros. Sell in 2021. Buy a house in cash.

>>16813714
a small shithole to build equity in so you can upgrade in 10yrs... rinse/repeat.

>>16811689
Sounds like Brazil.

Live in a flyover state and anything under $250k is in a dangerous nigger infested part of the city or needs a fuckton of work.

The whole market is a fucking joke