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Sep 27, 2024
11:09
:08
am
RdF3
Inactive user
You're missing the whole point. Home price relative to income is the HIGHEST IT's EVER BEEN. You got to buy a home
when they were cheap relative to income (interest rates included and you had plenty of refinance opportunities.
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RdF3
Previous username
swishh_15
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RdF3
Joined
Nov 4, 2011
Last login
Sep 27, 2024
Total posts
41,305 (2,709 FO)
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Messages
Author
Time
I want to show a real example of this right now for the current climate to illustrate it.
RdF3
Inactive user
9:44am
I want to empathize, but at least part of the problem is
Ham
9:57am
So Provo is manhattan now?
BaseCoug
10:25am
RE: So Provo is manhattan now?
Ham
10:48am
The problem with that argument is that affordability doesn't improve
rad dawg
10:31am
He is talking about location location location Look what 500k will get you in TX
Wife_Apologist
10:43am
I am in Texas and $500k wont get you what you think it will.
rad dawg
10:59am
I don't think I understand. Why should affordability improve?
Ham
10:48am
You are missing the point.
rad dawg
10:57am
3000 sq ft with a 3 car garage is a middle class home?
WhirleyPop
9:58am
This is part of the problem, is that some people now have really unrealistic
Japan Coug
10:12am
The other part of the problem is that you can only buy what's available and
cougarfan84
11:37am
And this same thing has played out across the entire country.
rad dawg
11:46am
There are 144 homes between $400k and $600k in Washington on zillow right now
LINE
10:01am
Thanks for making my point. The person making $150k should buy those homes. So what does the person making $70k do??
RdF3
10:20am
Save up for a down payment, increase salary,& buy small like the rest of us did.
brazilcoug
10:44am
A few options
MaximusMeridius
12:31pm
This is far from a middle class home.
Superman21
10:02am
TBH, someone making that much probably shouldn't be living in a 3000 sq. ft.
Japan Coug
10:10am
Where is one possibly going to find a 2000SF home with a yard that's anywhere
Mitty
10:26am
Is this a serious question? Not sure where you live, but I've never heard of
Japan Coug
10:31am
I live in Co Springs which is building like crazy. The only new construction is
Mitty
10:38am
I've been to Colorado Springs, and I'm pretty sure I saw lots of smaller homes
Japan Coug
10:46am
Yes of course with tiny lots and no yards and/or located far outside town.
Mitty
12:30pm
The point is that there are plenty of smaller, affordable homes on the market in
Japan Coug
1:35pm
Affordable for who?
rad dawg
1:42pm
The OP provided an example of someone earning $150k annually. All my posts have
Japan Coug
1:46pm
That makes perfect sense.
rad dawg
1:48pm
My first house was 1,000 ft2 with basically no yard and 1 hr from my office. The commute was awful, but it was all I
Byron McNertney
1:40pm
deleted
Cougrrrs Roll
11:34am
What a totally absurd example. NOTHING about 1/3 of an acre is middle class
NYC and Japan
10:25am
Maybe in nyc & Japan it isn’t, but in St. George that’s an average home. A massive amount of St. George is also self
RdF3
10:33am
I live in Orem. ABSURD example. Literally no one needs that size home or acreage
NYC and Japan
10:42am
“In only a few minutes I have as many likes as you.” 🤣. If someone making $150k shouldn’t afford a 3,000 sq ft home,
RdF3
10:50am
I did not state that. No one here has said that. If you want to have that debate
NYC and Japan
11:57am
This is a second or third home for people that have 10+ years of equity and
brazilcoug
10:54am
Zillow currently shows 406 single-family homes in St. George under 2500 sq. ft
Japan Coug
10:59am
Okay so someone making $150k/year should buy a home under 2500 sq ft. What should someone making $60k/year do?
RdF3
11:02am
Is not owning a home considered poverty?
CougarBreath
11:05am
It's definitely not a lot of money these days. I was making about $60k when I
Japan Coug
11:05am
You're missing the whole point. Home price relative to income is the HIGHEST IT's EVER BEEN. You got to buy a home
RdF3
11:09am
I understand the point, not missing it at all. The responses are to the example
Japan Coug
11:17am
Home prices adjusted for lot size and home size are a little expensive, but not
NYC and Japan
12:01pm
How many working age people in St George make $150K a year
Cougrrrs Roll
11:39am
This is amazing and the related poll is too. So revealing.
supertux
12:47pm
My inlaws built a house in the early 90's for about $60k. With normal inflation
Powerbait DPM
1:32pm
Where were there $60k homes in the 1990s? I never saw anything in that price
Japan Coug
1:36pm
Pleasant Grove, it may have been mid 80's I'm not exactly sure the time frame.
Powerbait DPM
1:45pm
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