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74 Comments
I bought mine. and it's paid off..I don't see the problem.
So if Democrats succeed in getting a federal “wealth tax” passed your parents will be taxed on their assessed value and probably lose their home. Then government can let homeless or illegal aliens live there.
You can get a house for $290,000 if you try
No, it didn't . Voting for Democrats and expecting a different result did that . Stay liberal and you will never GO broke because your already there!
I dont understand, I purchased my home I n 81 for 36500 now they say 345000 ridiculous young people today have it almost impossible to purchase, it's only 3 bedrooms 1 bathroom 1400 sqft, nothing special, I hope something happens for the young.
my dad bought his house in 76 for 34.000 thats 193,000 in today money now valued at over a million ..tell me about it wtf?
Times and valuations are different. Your parents may have purchased land along with a house. Part of today's problem is no concept of a starter house. There are very affordable places, but many people just don't want to live where they can afford to.
no Blackrock & all the other companies buying up single family homes is whats priced u out of buying a house. if Trump hadn't stopped them they would own everything & we would be their surfs
In 1976 my parent sold our home in San Diego for $63,000. It's valued at $900,000 on Zillow right now. 🤔
Land cannot be reproduced. It belongs to the government because it's never been paid for. The only constitutional currency is gold and silver. The government will not let us have these because if we did have it we could constitutionally pay for it and own it. So the national debt gets involved and as it goes up so do property values. When all else fails property can be sold at current value set by the government. A scheme FDR made with the back to get the US out of the Great depression. We have been under the "Barter system" ever since.
The problem is the young people want a home like their parents.
Wages never kept pace with inflation and greed.
Well, well, well. In 1983 I made $25000 per year in my first job. In my last job, I made $300,000 per year. I had a mortgage for my first home in 1986 that cost around $40000. I paid cash for my current home that cost $105000. How, I saved money instead of buying expensive lattes. hahaha. wishing you the best.
There is another thing not mentioned. Most of the problem is not working while young. First not work8ng while a teen means you build no finacial history. No record of weekly pay history. No credit history. Then too many treat college like 13th grade with no major or goal, thus dragging out school. While previous generations skipped college and instead worked 2 or 3 jobs to build up a down-payment or if they attended college, they majored in an employable field. Skip vacations and cruises or the big name plate car. Work multiple jobs while young and single, then buy a small starter home ( fixer upper if you must) build equity that you then use for your wedding, buy a fancy car with cash or down payment for a much nicer home.
The house gained value for 46 years. Your generation can buy a house if they WORK and get rid of the entitlement attitude.
this guy thinks this house that his parents spent a lifetime improving upon and probably got lucky on location is the same house and situation as they bought in 79.you can't win if you don't play the game.
I remember back in 1964 my Parents brought a two story five bedroom brick house for $28,000.00
as long as assessors are allowed to determine valuation we will be caught in an endless cycle of increased taxation.
Only in California and maybe 2 or three other places (maybe) would a house increase in value by so much. Move somewhere you can afford 😵💫
In my area, avg. median home price is $440,000. I one is asking a half million for a house, shouldn't it look the part?!
Back in the 1970s the average family was able to live on a single income. When both parents decided to work FT they would buy a vacation home whether at the beach or the mountains and if not that, they'd go on ski trips or buy an RV. The government must not have liked seeing the middle class doing that well. As those days slowly ended over about 8 years, we were brought into the Era where it took 2 FT paychecks coming in to have a chance at making ends meet. Add another PT job to cover your increased electricity and food costs and you're living today. I'm really hoping that our country can get back to placing importance on family, hard work and God. it's hard to live the life you want when you're trying so hard to just survive. 💕
I bought a house and it’s almost paid off. It’s called work hard and you can buy one.
that's inane isn't it
If nobody was buying homes they wouldn’t be worth what they are asking
Something not mentioned in this story is your parents income. You show them buying a house in 1979 for $62,000. I saw in records recently that my fathers income in the early 70s was onlyv$6k in NYC . So that house would have been 10 times his income. Imagine if a couple with both working for a combined $ 200,000, if you didn't the same 10 times ratio they would be buying a house costing 2 million. So of course it seems houses costcalot compared to when only one spouse worked and made less than $10k a year.
our starter was $210,000 we sold it 4 years later for $398,000. 5 years later it sold for $510,000. now 20 years later it's worth just over a million.
Starter homes are available for less. Not new big homes. Buy what you can afford.
Your generation cannot buy a home because of basic economics. Over the last 4 decades it’s got significantly harder to build a home! Townships have reduced the available zone and residential regulations have made the homes that you could build even more expensive. You want homes that are cheaper make townships increase zoning areas for housing. Roll back regulations to 1970. In a few years of building homes could be under 30% of current new home costs!
your generation forgot to read and think before voting. me, super voter. since Nixon. voted for him.
My folks bought our house for $19,000 and sold it for $300,000 a few decades later.
our 3 sons bought homes before being married at 19, 20, 19. 2 were repos. all 3 married with families in nicer homes in Washington state.
you again! dont they have anyone thats so in love with himself and no job to take a picture of?🥱
Now you could argue with that
Whaaaaaaaaaaaababyboy
Even if this were true, which I doubt, houses in general haven't appreciated nearly that much. All three of my millennial niece and nephews and my stepson have bought houses. Stop whining.
in 1995 I was 20 years old making 45,000 I bought a bran new home in a new track. 1700 Sq foot 3 car garage 3 bed 2 bath in fresno California 130,000. First time buyer program my payment topped out at 1175 a month first year was only 1075 a month. I dropped out my senior year because all we did was watch in my high-school I was bored. Lost that house in divorce she still lives there it's worth over 500,000. Remarried to a great woman she sold her home we bought my parents house and living the dream. I put 25 years in the Teamsters and now retired at 51 years old due to copd. I get $4000 a month between retirement and ssdi. I don't see how kids do it today. school did nothing for me. Working for the Teamsters saved me and paid me well for never finishing high-school. I started my career at Frito lay ended at Svenhards Sweedish Bakery. A union bread delivery driver makes over 100,000 starting pay nowadays if they are union.
too bad we didn't have a presidential candidate that ran on a platform of building affordable housing. 🤔 oh wait; we did!
I wonder where this home is located. not too many homes have seen that kind of appreciation.