We bought our first home in 2018.

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Sep 27, 2024
7:13:25am

Courtimedes Starter

We bought our first home in 2018.

It was a big stretch then. I am VERY glad we aren't buying now.

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Courtimedes

Bio page: Courtimedes
Joined: Sep 29, 2021
Last login: Sep 27, 2024
Total posts: 6,258 (27 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.

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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