Get off your ass and get 50+ full time jobs you lazy fucks!
A Boring Dystopia
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If I keep paying the current $1200 a month to my landlord it'll eventually trickle down to me. No doubt!
Then with that revenue, I'll buy my first house!
In reality, I'm almost 28 and I have no delusions about home ownership. Just like retirement!
Only 1200 a month?
God I wish.
That’s the going rate for renting a room in someone’s house in my neck of the woods.
And stop earning avocados.
Stop eating avocados. Start eating landlords.
Tough to stomach at first, but very good for you and the community.
Zillow is a part of the problem. With all the data collected and only a few companies, prices are conveniently increasing at extreme rates. It is not just cities; land and rural areas are increasing at high rates.
The real issue is the commodification of housing. Houses shouldn't make people money; they are supposed to be homes to live in.
This! We have the means to provide housing for everyone but don't because, fuck you thats why.
I don't necessarily agree that people can't make any money on a property portfolio, but it should definitely have a set limit to prevent life's essentials from becoming unaffordable. And I wouldn't stop there and continue this with other essentials like healthy consumables and utilities like power/gas/water and entry level broadband internet access.
Speaking of which, zillow's stupid "zestimate" is worthless. Any assclown can put their house up for way too high a price and the zestimate will automatically jump up to match.
Apparently the value is whatever the seller says it is, even if the home has been on the market for over a year (either continuously or repeatedly taken off and put on, I guess to reset the time on market).
Guess it's a nonstarter.
A starter home?! This home is a finisher home! A shelterer of gods! The GOLDEN GOD!
I am untethered, and my rage knows no bounds!
You rang?
* curb your enthusiasm theme plays *
This.....is hard to believe. I've been looking around non-major US cities, and even some major cities, and the starter homes are around 200-500k.
That's still fucked for a starter home but a million?????? That's the average home price in Honolulu and NYC lol.
i was going to say its avg in the west coast blue area. 200-500k is "cheap"
Well... define starter home. I got a starter for about half that in LA but I have a shared wall townhome. Not great, but if we're talking no shared walls and a yard, ya I can see that costing more... Except I also saw those for about this price, only with like... 600sq ft? Pick you battles, but those aren't a million even in the city.
Now, maybe the 200 cities are specific neighborhoods, like how Santa Monica isn't technically Los Angeles since it's got it's own city government. Same with Beverly Hills, Bel Air, etc. You sure as hell ain't getting a place for 1 mil there, even if it's a small "starter home."
All of your question are answered right at the beginning of the article:
"Zillow defines “cities” as distinct housing markets, which can include large suburbs, towns or boroughs within major metro areas. “Starter homes” are defined as properties in the bottom third of home values within a given market. That means these aren’t luxury listings — they’re the least expensive homes available in each city."
Gotcha. So yes, it's misleading headline, mostly for the first part since you can probably pull up 200 "cities" where you'd be nuts to find your first home. You aren't getting your first home in Malibu, that's just silly.
Updated 1400 sf 3 bed 1 bath $1M where I live.