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Comment on A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

corroded@lemmy.world ⁨2⁩ ⁨months⁩ ago

I’m not sure I understand the math in this article. At current interest rates, a $550000 is closer to a 3.5k mortgage, not 5k.

At 250k a year, they’re making roughly 20k per month. If they’re willing to pay 30% of their income to a mortgage, that’s 6k. Even post-tax, that’s still more than 3.5k.

I agree that the cost of housing is ridiculous. This sounds more like they have exceptionally bad credit or they’re looking at homes that are way above their budget.

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givesomefucks@lemmy.world ⁨2⁩ ⁨months⁩ ago
So it sounds like they had a house in a reasonable area…

Her old boss called her up in 2021 offering double what she got paid last time…

And they never thought to check why she was being offered twice her salary to do the same job?

It’s likely because everyone moved away due to housing prices if they weren’t insanely wealthy. Shouldn’t have sold the home they owned before they even googled the price of homes where they were moving.

Also makes me think it’s likely they have exceptionally bad credit like you said. They got two kids, and apparently do zero planning for huge life decisions and complain when shit doesn’t work out. Other families raise kids on legit 1/10th of the money this family has…

And she’s a financial specialist?

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- FireRetardant@lemmy.world ⁨2⁩ ⁨months⁩ ago
  They could spend 70% of their income on their housing and still have more leftover than I make in a year.
  
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  - waxyloins@lemmynsfw.com ⁨2⁩ ⁨months⁩ ago
    It’s not about them, or you, or me. It’s about us, the disappearing middle class.
    
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- Krauerking@lemy.lol ⁨2⁩ ⁨months⁩ ago
  I find that professions means kinda Jack shit in the modern age.
  
  Financial specialists I know are drowning in gambling debt and crypto they can’t sell but “debt is good”
  
  Therapists I know are the epitome of perpetual children mindset and complain that people are being ruse to them all the time if asked to do anything.
  
  Project managers I know just forward emails and ask me to help keep them on track.
  
  Maybe it’s all burnout but I think people went for the job titles and positions they could get through connections not what they are good at and people have just been pretending and faking their way through our crumbling facade of an existence for the past couple decades.
  
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  - turmacar@lemmy.world ⁨2⁩ ⁨months⁩ ago
    
    Project managers I know just forward emails and ask me to help keep them on track.
    
    Hey they didn’t get that fancy PMP cert to do work.
    
    /s, not /s. Project Managers are a force multiplier, some are just a negative force multiplier.
    
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    Eheran@lemmy.world ⁨2⁩ ⁨months⁩ ago
    I am currently forced to be PM and it fucking sucks! I want to do engineering again, solve problems others can’t solve, blablabla and not this pile of shit.
    
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FireRetardant@lemmy.world ⁨2⁩ ⁨months⁩ ago
As someone who will have to dedicate 60-70% of their income to own a small, run down home, i really dont have a lot of sympathy for them. 30% of your income to housing is considered affordable, however that metric has likely been impossible for most people to reach over the past decade, most people can’t even rent for 30% of their income these days.

Im not supporting high housing and rent costs, i just think compared to average American right now, this couple shouldn’t really be considered “struggling” or “poor”

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- volvoxvsmarla@lemm.ee ⁨2⁩ ⁨months⁩ ago
  As someone living in Germany, what pissed me off most was when they mentioned that they never imagined raising their kids in an apartment. Like an apartment is beneath them. It is 2024. Don’t we all know that heating single family homes and the sheer extra space they require is absolutely disproportionate? Everyone wants a cheap huge single family house in the middle of the city and no cars and no climate change. Like, yeah, that won’t happen. Can we please start normalizing living in apartments? We just moved to a much cheaper city and hope to buy a 3-4 room apartment here one day. This will still cost us about 600k and we make less than 50k combined. But even if we had the money to pay over 1.5 mil for a house here, I wouldn’t want to live in a house, unless I’d have like 6 kids.
  
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  - FireRetardant@lemmy.world ⁨2⁩ ⁨months⁩ ago
    As your kids age into teens and young adults, the apartment offers more freedoms than suburbia as they wont require a car to go anywhere. In many US suburbs, kids are chained to their parents as a taxi service until they need to buy their own car. Which is why so many american suburbs have 4+ car sized driveways, because every human in the house must buy a car and gas and insurance etc.
    
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    fadingembers@lemmy.blahaj.zone ⁨2⁩ ⁨months⁩ ago
    Don’t worry, there are plenty of suburban apartments to get the worst of both worlds these days
    
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    Krauerking@lemy.lol ⁨2⁩ ⁨months⁩ ago
    America is secretly a nation of mech pilots but the mech has more rights than the person in it.
    
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  - Dkarma@lemmy.world ⁨2⁩ ⁨months⁩ ago
    You know how hard it is to find a 4 bed apartment in the us? Most houses aren’t 4 bed!
    
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    volvoxvsmarla@lemm.ee ⁨2⁩ ⁨months⁩ ago
    Why would you need 4 bedrooms for a family of 4? I’m not 100% sure how rooms are counted there but wouldn’t 3 bedrooms and one living room be sufficient?
    
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- Atlas_@lemmy.world ⁨2⁩ ⁨months⁩ ago
  I think that’s the point? That even this couple who looks successful at a first glance still can’t meet the bar where a mortgage is financially responsible for them. America is struggling.
  
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eran_morad@lemmy.world ⁨2⁩ ⁨months⁩ ago
Where i live, a decent 1500SF is easily $1M+. Renovated? Probably $1.2M.

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