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Topic: In other news (apolitical thread)...

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jgvol

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Re: In other news (apolitical thread)...
« Reply #2128 on: August 03, 2025, 02:56:28 PM »

Gigem

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Re: In other news (apolitical thread)...
« Reply #2129 on: August 03, 2025, 03:03:47 PM »
It's not about tone or direction.  We might as well be speaking different languages.  I don't deem any conversation we have about this remotely likely to be fruitful.  I'm not going to waste our times.
Well, if you read my post, I simply asked what YOU consider affordable housing. I tried to see your point of view, but instead, as usual, you went on a vague rant about echo chambers, talking ABOUT the problem, but not actually telling us anything about it. 


847badgerfan

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Re: In other news (apolitical thread)...
« Reply #2130 on: August 03, 2025, 03:06:13 PM »
I've worked on affordable housing project quite a bit in my days. There are a ton of government hoops to jump through. It would be so much easier and more popular if the government wasn't here to "help".
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betarhoalphadelta

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Re: In other news (apolitical thread)...
« Reply #2131 on: August 03, 2025, 03:14:59 PM »
https://www.dailymail.co.uk/real-estate/article-14933071/amp/housing-markets-falling-home-prices-skyrocket-america.html

According to housing market analytics firm ResiClub, Punta Gorda and Cape Coral in Florida saw the largest home price falls between June 2024 and June 2025, at 11.88 percent and 9.56 percent, respectively. 

bayareabadger

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Re: In other news (apolitical thread)...
« Reply #2132 on: August 03, 2025, 03:19:58 PM »
Just don't tell us that the market is not open to younger people, because there are actually plenty of options.

Maybe it's the kids who are the problem. Unwilling to stick their dicks out and make the move.

I took out the manufactured home criteria and found 71 properties for sale in Charlotte, NC for <$200K.

153 in Columbia, SC.
I'd agree that any absolutes that it's completely closed are obviously false. I'd say "plenty" is a kind of relative term, especially when adjusting down for low-cost housing. Obviously if the goal is just to put your name on any damn thing, that's an easier sell, but that not how it's ever been done. (And obviously we're not talking about absolutes since many thousands of these young folks are buying every year).

Perhaps it's that one generation is just more special and virtuous than the next, though that's been the story about every generation, so I'm mostly skeptical there.

And hey, I know some things about those places! 

Charlotte is interesting, just because of the somewhat spread footprint. I'm seeing 43 2 bed, 2 bath, under 200k places (you had 2 bath? I'd probably put that at 1, TBH). You'll probably have to factor down some with dicy neighborhoods (though the map I'm looking at is lower on those than I would've thought), plus Zillow has some oddities like a place with a tenant already in it, the odd listed foreclosure at auction. Doesn't seem like a terribly large number, and if you want anything more than a condo, that market oddly is closed. Might be able to get there in the suburbs. 

Columbia is odd because the prices there have always been depressed and tend to not appreciate much. But it's a very good town for buying a cheap house. Downside is jobs tend to pay less there across the board (and some folks don't like it much as a place). But if you want to move to a (hot) place where you can buy an affordable house, that's a good one!

847badgerfan

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Re: In other news (apolitical thread)...
« Reply #2133 on: August 03, 2025, 03:59:14 PM »
https://www.dailymail.co.uk/real-estate/article-14933071/amp/housing-markets-falling-home-prices-skyrocket-america.html

According to housing market analytics firm ResiClub, Punta Gorda and Cape Coral in Florida saw the largest home price falls between June 2024 and June 2025, at 11.88 percent and 9.56 percent, respectively.
Depends on where in PG. Some areas have increased.

You couldn't pay me to live in the Cape...

My house is worth about 10% less than it was a year ago. It's worth 50%+ more than it was 5 years ago.

Insurance costs are hurting this area (and all of Florida) more than anything.
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betarhoalphadelta

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Re: In other news (apolitical thread)...
« Reply #2134 on: August 03, 2025, 07:08:02 PM »
Depends on where in PG. Some areas have increased.

You couldn't pay me to live in the Cape...

My house is worth about 10% less than it was a year ago. It's worth 50%+ more than it was 5 years ago.

Insurance costs are hurting this area (and all of Florida) more than anything.
Yeah, I was going to post that story regardless, as I've said I'm thinking the housing market is due for a serious correction. 

But then I scrolled down and saw that PG was at the top of the list, and thought of you :57:

bayareabadger

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Re: In other news (apolitical thread)...
« Reply #2135 on: August 03, 2025, 07:35:09 PM »
Yeah, I was going to post that story regardless, as I've said I'm thinking the housing market is due for a serious correction.

But then I scrolled down and saw that PG was at the top of the list, and thought of you :57:
I refuse to believe in corrections until they actually hit. (And now I live in a place that will probably be mildly correction resistant)

FearlessF

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Re: In other news (apolitical thread)...
« Reply #2136 on: August 03, 2025, 07:51:16 PM »
My house is worth about 10% less than it was a year ago. It's worth 50%+ more than it was 5 years ago.

this

you shouldn't buy a house if you don't think you will own it for less than 5 years
if you're going to own it for 5-10 years it's probably a pretty safe bet.

won't wait for the market to drop, so you can buy low and then sell high

buying for 5+ years is almost always better than renting for 5+ years
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longhorn320

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Re: In other news (apolitical thread)...
« Reply #2137 on: August 04, 2025, 01:32:41 AM »
I bought my house in 1990 and today its value is 6 times the purchase price
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FearlessF

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Re: In other news (apolitical thread)...
« Reply #2138 on: August 04, 2025, 08:06:33 AM »
1989 - 4 to 5 times more than purchase of $44,000
prior to buying the house, ........ I wasn't living downtown near the action in an apartment.  I was living in my Father's basement saving money for a down payment.
(and spending $$ on cars, pickups, motorcycles, snowmobiles...)
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847badgerfan

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Re: In other news (apolitical thread)...
« Reply #2139 on: August 04, 2025, 08:57:40 AM »
The last time I'll be taken out of here, I'll be lying flat, feet first. I really don't care what it's worth. The kids will have a nice place to visit.
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Cincydawg

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Re: In other news (apolitical thread)...
« Reply #2140 on: August 04, 2025, 08:59:38 AM »
We're hoping the same, but realize at some point could need assisted living.

FearlessF

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Re: In other news (apolitical thread)...
« Reply #2141 on: August 04, 2025, 09:11:08 AM »
could very well be for me

it's a lazy option compared to moving south for better weather and moving to a place similar to Cincy where I can walk to dinner w/o the up keep of yard and house
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

 

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