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Real Estate
Reply to "Anybody else extremely depressed over real estate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our household income is 10 times what my father’s was when I was a teenager. Living here, what we can afford would buy is the same kind of condo he rented at the time. So despite the enormous income increase, my housing hasn’t improved in 40 years. You bet I’m bitter. Housing prices are insane and if I have to live in a crappy little place, all I’m asking is that it also not cost half my take home pay. But you have to spend a fortune AND live is a fixer upper here. That stings.[/quote] LOL. So move. Move to the Midwest. Move to Mexico. Move to anywhere where you can afford it. The reality is that population has increased, demand has increased, and COL has increased. You think that time stops for you? GTFO. Perhaps we could transport you back to 1960 and you'd be happier, yes? F--ing adjust. All you whiners on here expect the WORLD but refuse to make any adjustments to lifestyle or expectations. If you're not lucky enough to be a trust fund kid, you're going to have to set more realistic expectations. Oh, and unplug from social media. You ladies will be much happier.[/quote] If you understood it was far more complicated than “the population increasing”, you’d be pissed too. The wealth gap, wages, unlimited RE investments, and foreign money in real estate are all screwing everyone who isn’t rich. If you’re not bitter, you’re either rich, a real estate agent, or not paying attention. [/quote] Sure this is true, but it’s also true that places change. Detroit used to be a fantastic city with a lot of wealth and great job market. Real estate on the coast in California used to be dirt cheap, especially when a Japanese invasion was feared during WW2. Point is DC has become more desirable and a much larger job market then when you grew up. You can definitely buy less expensive real estate on a more middle class salary in other parts of the country. NW DC and Arlington are now suburbs for dual income high earners. I get these used to be MC neighborhoods, but they are not. My friend just bought a home in LA that was likely for a port worker or blue collar worker. She makes over a million a year and no blue collar worker could buy a house on the coast in California on their salary. Again places change. [/quote]
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