Damn. So it’s cheaper to rent instead of own in America’s 50 largest metro areas. Yikes.

[Sad Bunny]

215k is also way below the median home price so yeah it must've been a great circumstance. Today that shyt would cost 2k a month minimum

Same as rent

nikkaz gotta hustle harder. Live with someone else for six months and stack. Idk.

People save and buy houses everyday, b. I don’t subscribe to that loser ass attitude. Sorry. Buying a house is doable for everyone. There are so many programs etc.

There are lots of homes in the 200-250K range out there.

 

[Sad Bunny]

I put those numbers in a mortgage calculator and it looks like the Interest rate would've had to been like 2 percent which is insane in retrospect.

2.9%

 

[Thanos]

"Anyone can afford a home" Meanwhile a grand majority can't afford a home in the area they live in, and barely affording rent.

 

[AAKing23]

Same as rent

nikkaz gotta hustle harder. Live with someone else for six months and stack. Idk.

People save and buy houses everyday, b. I don’t subscribe to that loser ass attitude. Sorry. Buying a house is doable for everyone. There are so many programs etc.

There are lots of homes in the 200-250K range out there.

While your hustle harder mindset is admirable, the situation is much more nuanced than how you frame it.

Ain't no amount of hustle and sacrifice gonna adjust to prices doubling and damn near tripling in some places in just a couple of years. When you buy a house, prices aren't capped to the just the monthly mortgage payment. These are things to question even if you can comfortably afford it by the numbers.

 

[Sad Bunny]

While your hustle harder mindset is admirable, the situation is much more nuanced than how you frame it.

Ain't no amount of hustle and sacrifice gonna adjust to prices doubling and damn near tripling in some places in just a couple of years. When you buy a house, prices aren't capped to the just the monthly mortgage payment. These are things to question even if you can comfortably afford it by the numbers.

Send me an area and I’ll find an affordable house.

 

[AAKing23]

2.9%

Good for you for capitalizing.

As a sidenote this reckless monetary policy of keeping money so cheap to borrow for so long is why we are in the stagflation hell we're in right now. The FED fukked up big time

 

[Admiral Ackbar]

It's by design. We moving into a subscription economy. Even fukking Photoshop and Microsoft Office requires monthly and annual user fees, respectively.

 

[winb83]

Around here I can get a acceptable home in a decent neighborhood for $200K or so maybe a little more. I have $45K set aside in a high yield savings account for for closing cost and a down payment so around 20%. I also choose to continue to rent. Just reupped my lease for another year. I'm just not sold that home ownership is the right move. I can rent an apartment way cheaper than buying a home would cost me. My apartment is easily 1/2 of what a mortgage payment would be. I save/invest the difference consistently every month.

 

[Mike Nasty]

The coolest thing about renting an apartment was the rent getting raised every year for no reason. I miss that shyt.

 

[Striving For Greatness]

It's by design. We moving into a subscription economy. Even fukking Photoshop and Microsoft Office requires monthly and annual user fees, respectively.

Pretty soon we’ll be paying $10.99 to roll down our car windows

 

[Clayton Endicott]

It’s been like that in my city for years. That’s the primary reason why we don’t own.