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Sep 27, 2024
9:19
:20
am
SuperTank
All-American
Well, there’s your answer for why you don’t feel the pinch as much as others.
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SuperTank
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SuperTank
Joined
Apr 21, 2010
Last login
Sep 27, 2024
Total posts
48,549 (17,229 FO)
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Messages
Author
Time
I'm under 40, have 4 kids, make less than $100k a year-
Courtimedes
7:05am
How much is the average home price where you live? $550k in my county in Utah
WhirleyPop
7:08am
My guess is around $300K for a 4-bedroom.
Courtimedes
7:11am
More important is how much it cost when you bought the home.
JuicyJam
7:15am
He bought in 2018, see below. Probably wouldn’t be able to do it now.
Samsonite
7:20am
Your cost of living in the rural Midwest will probably be significantly less
byusage
7:09am
Did you also buy a home pre 2021? That’s another big component of the lack of affordability
RdF3
7:12am
We bought our first home in 2018.
Courtimedes
7:13am
That's a big chunk of the reason right there.
OrsoNero
7:16am
Well, there’s your answer for why you don’t feel the pinch as much as others.
SuperTank
9:19am
Sure- but you can buy a house in my town for around 300000 today.
Courtimedes
9:26am
Housing, IMO, is the biggest factor.
Ragnar Danneskjold
7:14am
The midwest is very affordable after the jump in prices out west add in the rural component it is much easier to make it
Baron
7:15am
“Living” in the rural Midwest is a fate worse than death.
TCuz
7:19am
It's hard. Everyone like TCuz should definitely stay away.
Courtimedes
9:20am
Also take into consideration effective tax rates
AFewThoughts
7:19am
Sad that Utah is so high on that list
Littlerich
7:22am
This happens when one party has all the power and no threat of being voted out
Nakedbootleg
7:37am
I guess you’re right. It’s Utah and the democrat’s in high tax range. Both are
Bullrider
9:13am
44th!
Courtimedes
9:21am
Our “sacrifice”, if you want to call it that, has been moving around. There
brazilcoug
7:24am
I started out her in Md, making 65K in 2001. already had 2 kids
bald man
7:24am
I bought my house in 2023, Midwest. We could easily live on $100K
Zoobieman
7:29am
Did you own a house before 2020? That’s a bigger factor than age in my
elmerfudd
7:47am
No it isn't. The dividing line is people willing to move or not.
Baron
8:29am
Where specifically should they move? Sure you can get something cheap in rural
elmerfudd
8:32am
Lots of places. I do not know what they do but lots of places have affordable housing. Look at the south or midwest.
Baron
8:35am
Sometimes moving isn’t an option.
RealTaysomHill
8:32am
Yes there are exceptions but generally speaking people can move.
Baron
8:37am
Realistically, what percent of people can't move?
Zoobieman
8:42am
Tough to survive on 100k on the coasts. $300k would get you a 500 SF studio apt
Iman23
8:03am
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