General Discussion

hfojvt

(37,573 posts)

70. in my town

Sun Apr 17, 2016, 07:12 PM

Apr 2016

your could buy my whole block probably for less than $950.000. My house cost $35,000 a few years back the two next door (yes, two) were up for sale at $85,000. The big business building next door was up for $300,000, but I heard they took a fair amount less. Say $200,000. That's $320,000 then there is a business, 5 houses and a church.

Okay, some of those houses might be kinda pricey, but I will bet you can easily find ten houses in town with a total cost of much less than $950,000.

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How the hell do people afford housing? [View all] spinbaby Apr 2016 OP

Borrow money and hope to sell at a higher price JVS Apr 2016 #1

It's been insane for decades. haikugal Apr 2016 #2

Wait... there's a lawnmower channel? Initech Apr 2016 #3

That was my reaction. SMC22307 Apr 2016 #23

Ha ha. Not I say. I think I spend about as much time flipping miyazaki Apr 2016 #42

Exactly. Plus what I usually ended up on were... SMC22307 Apr 2016 #44

You're not missing anything. Initech Apr 2016 #45

Yep. Netflix and PBS are enough for me. (n/t) SMC22307 Apr 2016 #46

Asking myself this question as well flamingdem Apr 2016 #4

Where do people GET this kind of money? LiberalEsto Apr 2016 #5

Small 2br Apt in my area is 12-1400/mo. HooptieWagon Apr 2016 #6

We bought three decades ago spinbaby Apr 2016 #8

I've been in my small house a while. HooptieWagon Apr 2016 #10

No kidding. I couldn't afford the house in Maryland if I had to buy it again. yeoman6987 Apr 2016 #38

Same here; I couldn't afford it on my salary alone. alarimer Apr 2016 #69

house hunters on HGTV edhopper Apr 2016 #7

I love it when two 25-years-olds with a budget of $900,000 Arugula Latte Apr 2016 #11

The kitchen is always edhopper Apr 2016 #15

Yeah!!! Who the hell takes a kitchen out on a date these days? So Far From Heaven Apr 2016 #24

I'd settle for a kitchen that had a stove younger than 31 yrs old Pakhet Apr 2016 #26

So true! Populist_Prole Apr 2016 #59

As someone who grew up in a poor rural area that shit drives me crazy. Odin2005 Apr 2016 #19

The stainless appliances Texasgal Apr 2016 #21

Because they have money to fix it Travis_0004 Apr 2016 #27

I worked in restaurants for too long when I was younger. Mariana Apr 2016 #28

I was thinking the same thing meow2u3 Apr 2016 #49

yes, cookie cutter grasswire Apr 2016 #29

No kidding. yeoman6987 Apr 2016 #39

Yeah that drives me up a wall too Populist_Prole Apr 2016 #58

Hard to say how others do it. 2naSalit Apr 2016 #9

loans JI7 Apr 2016 #12

They may have an inheritance Beaverhausen Apr 2016 #13

Or some people know how to make their money earn money. I turned 3000 bucks underahedgerow Apr 2016 #25

If you hit the real-estate market at the right time CoffeeCat Apr 2016 #31

"By the time the average Joe figures it out, it's too late." SusanCalvin Apr 2016 #34

Timing is everything in real estate. mnhtnbb Apr 2016 #48

Well that's it, isn't it? Staying in front of the game is the hardest part. It takes underahedgerow Apr 2016 #54

"No one gets rich by working from 9-5 and taking a paycheck from someone else." SusanCalvin Apr 2016 #35

But does it make me a sucker for having no desire to become rich? miyazaki Apr 2016 #43

Absolutely not!!!! It's a GOOD thing to not have unrealistic or lofty goals! underahedgerow Apr 2016 #51

Much of what I see on tv leaves me scratching my head Marrah_G Apr 2016 #14

My guess is either the show is completely full of shit, or they have family money. nt ohnoyoudidnt Apr 2016 #16

The most expensive home I ever bought was for $45,000.00 Kaleva Apr 2016 #17

I haven't seen a $35,000.00 house since the 70s. virgogal Apr 2016 #18

That $35,000 house bought in the 70's is probably worth a hundred grand now n/t meow2u3 Apr 2016 #50

We sold a house in 1979 for $50,000.00--we had paid $13,000.00 in 1960 virgogal Apr 2016 #66

WHERE IS THIS? nt SusanCalvin Apr 2016 #33

Upper Michigan Kaleva Apr 2016 #68

The only place I know of that you can find a home like that cheap is Detroit yeoman6987 Apr 2016 #40

I live in Upper Michigan Kaleva Apr 2016 #67

Detroit? I know a family that has few rentals and they live in them there and fix em and keep em Person 2713 Apr 2016 #41

Bubble, bubble, toil and trouble AgerolanAmerican Apr 2016 #20

Toronto, Ontario? Release The Hounds Apr 2016 #22

Either they inherited it or they're dealing coke on the side Warpy Apr 2016 #30

What I've been asking for years. SusanCalvin Apr 2016 #32

We're mortgage free, but... meaculpa2011 Apr 2016 #52

Wow. Oh wow. That's insane. SusanCalvin Apr 2016 #56

Insane it is. I'm just glad... meaculpa2011 Apr 2016 #57

Live beneath their means? Retrograde Apr 2016 #36

Many parts of California that is a reasonable budget to buy a house. Agnosticsherbet Apr 2016 #37

Yep. Teo folks carrying $4000 monthly payment Liberal_in_LA Apr 2016 #65

Half a mil given to them via inheritance, cashing in an annuity, or access to a trust? haele Apr 2016 #47

In lots of places they have to cram multiple roommates into their homes or apartments. silvershadow Apr 2016 #53

Seems a tad high matt819 Apr 2016 #55

They don't. Adrahil Apr 2016 #60

My cousin was on House Hunters. Beaverhausen Apr 2016 #61

I've heard that before from a realtor who was on a tiny house show. nolabear Apr 2016 #71

In answer to your original question: So Far From Heaven Apr 2016 #62

Is the househunt in Canada? Algernon Moncrieff Apr 2016 #63

Los angeles, sf _ avg salaries are higher. Two incomes can carry the mortgage Liberal_in_LA Apr 2016 #64

in my town hfojvt Apr 2016 #70