And should be standardized with home size / quality

Jan 7, 2025
11:14:05am

MyTwoCents Contributor

A median home 50 years ago was like 1,100 sf, no air conditioning, etc.

Comparing median home prices from 50 years ago to median home prices today is comparing two completely different median homes.

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MyTwoCents

Bio page: MyTwoCents
Joined: Mar 27, 2020
Last login: Jan 8, 2025
Total posts: 634 (1 FO)

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Messages

Author

Time

Housing prices are a nation wide problem.

stenso

Jan 6, 11:08pm

You know things are bad when TNT is grateful he has a cardboard box

TNT

Jan 6, 11:15pm

Pick your spot. I didn't buy a house until I was 46.

Cougar Junkie

Jan 6, 11:17pm

5 year old news and some Utahns still think it's an isolated issue.

rad dawg

Jan 6, 11:22pm

it happened everywhere, but not nearly the same magnitude

LeonMarek

Jan 7, 7:26am

Prices are dealing in San Francisco. 🙂

roseyscenario

Jan 6, 11:35pm

I have an idea that should help with demand:

mulletino

Jan 6, 11:57pm

RE: I have an idea that should help with demand:

Courtimedes

Jan 7, 6:35am

Any comparison of home prices needs to be standardized with median Income.

conetah

Jan 7, 12:02am

Nobody is going to sell their home/s right now. Not going to change until...

Shore10

Jan 7, 4:28am

Don't wish for a pop decrease.

C-dubb

Jan 7, 4:56am

Population decrease comes in many forms.

Shore10

Jan 7, 6:32am

And all of them destroy local economies

C-dubb

Jan 7, 7:31am

so does overpopulation

LeonMarek

Jan 7, 7:35am

Isn't this a myth?

Courtimedes

Jan 7, 10:14am

To be fair, most of the things I mentioned also destroy local economies.

conetah

Jan 7, 8:36am

What does?

Shore10

Jan 7, 11:31am

We bought in 2021 and were told we were crazy for doing so. I'm really glad we

Magneto

Jan 7, 10:35am

And should be standardized with home size / quality

MyTwoCents

Jan 7, 11:14am

And land/ lot size standardized...

NYC and Japan

Jan 7, 1:16pm

I hate the new trend of big 2000+ sq foot houses on tiny lots.

Spindash

Jan 7, 1:34pm

This is a good point. Lot’s of houses being built on a tiny piece of land.

Powerbait DPM

Jan 7, 1:35pm

This is a popular idea but also falls apart under close scrutiny.

rad dawg

Jan 7, 2:25pm

Buy homes in WV or the Midwest? They have great ratios because they’re bleeding

BYU'01

Jan 7, 5:03pm

It’s painful for anyone looking to get out of renting. I’m sick of paying 3k/mo

Powerbait DPM

Jan 7, 1:33pm

It’s true. The cost to rent vs cost to buy is way out of whack right now.

Spindash

Jan 7, 2:08pm

Exactly. It’s going to probably end up being a financial decision vs happiness

Powerbait DPM

Jan 7, 2:41pm

It’s bad right now. Fortunately, it usually returns somewhat to even…

Spindash

Jan 7, 3:44pm

Sadly, the government intervenes too often for any meaningful correction now.

Shore10

Jan 7, 4:27pm

The best thing would be to do nothing and let the free market correct with

Powerbait DPM

Jan 7, 4:46pm

Absolutely. But a market correction wouldn't be the best thing for wealthy...

Shore10

2:18pm

There are some tax $$ benefits by owning that don't exist when renting.

grandpacoug

Jan 7, 3:54pm

There absolutely are. Lots of other benefits too.

Spindash

Jan 7, 4:07pm

Outside of deductible of interest and property taxes. What other benefits are

Powerbait DPM

Jan 7, 4:49pm

Depreciation is arguably the most significant

rad dawg

Jan 7, 5:07pm

Yup, this drives people with money to buy rental properties and price out those

Powerbait DPM

Jan 7, 5:18pm

It can also be used as collateral for additional loans like HELOC.

Shore10

2:20pm

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