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Old 05-27-2018, 04:24 PM
 
Location: Saint John, IN
10,647 posts, read 3,327,650 times
Reputation: 12754

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Quote:
Originally Posted by CapitalBat View Post
I find the idea that someone should have to leave their home state / city in order to “reasonably” expect to participate in home ownership appalling and the antithesis of the American Dream. I guess I don’t even mean just home ownership but COL in general. Instead of leaving how about we work on some solutions??
We had to leave! And it not hard to understand why!

My DH & I lived in Illinois our entire lives. Built a home and planned to raise our kids there. Ten years later we wanted out of the state. Illinois has the highest property taxes in the country. I think they just surpassed Nee Jersey to win the honor! There is NOTHING that can be done to correct it as the pension problem is too large and out of control. There are affordable homes, but the taxes are ridiculous! So we moved across the border to Indiana where the state is fiscally sound. Property taxes are capped at 1% of homes assessed value and overall COL is better. It’s still only 35 miles from downtown Chicago so can still work there. Illinois is losing population yearly due to the tax problem!
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Old 05-27-2018, 08:44 PM
 
Location: Honolulu, HI
4,636 posts, read 1,159,020 times
Reputation: 6627
Quote:
Originally Posted by CapitalBat View Post
I find the idea that someone should have to leave their home state / city in order to “reasonably” expect to participate in home ownership appalling and the antithesis of the American Dream. I guess I don’t even mean just home ownership but COL in general. Instead of leaving how about we work on some solutions??
That’s gentrification when rent and housing prices increase, and sometimes you have to move.

The fact that you can move, is a right and privilege for all Americans. Many countries don’t have countless cities you can pack up and move to when the local area becomes too expensive.
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Old 05-27-2018, 10:12 PM
 
Location: Pittsburgh, not Paris. #MAGA.
9,693 posts, read 5,291,005 times
Reputation: 9671
Quote:
Originally Posted by CGab View Post
We had to leave! And it not hard to understand why!

My DH & I lived in Illinois our entire lives. Built a home and planned to raise our kids there. Ten years later we wanted out of the state. Illinois has the highest property taxes in the country. I think they just surpassed Nee Jersey to win the honor! There is NOTHING that can be done to correct it as the pension problem is too large and out of control. There are affordable homes, but the taxes are ridiculous! So we moved across the border to Indiana where the state is fiscally sound. Property taxes are capped at 1% of homes assessed value and overall COL is better. Itís still only 35 miles from downtown Chicago so can still work there. Illinois is losing population yearly due to the tax problem!
Hopefully, you're going to vote the right way to ensure that Indiana remains fiscally sound! I've seen way too many people leave their states because they are high cost of living/high tax/etc. in favor of lower cost of living states, only to vote for the same type of politicians that destroyed their original states!
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Old 05-27-2018, 10:14 PM
 
Location: Pittsburgh, not Paris. #MAGA.
9,693 posts, read 5,291,005 times
Reputation: 9671
I bought my first home at 26 within the last few years. I plan on buying another one sometime next year.
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Old 05-28-2018, 02:20 AM
 
Location: Eugene, Oregon
7,122 posts, read 2,222,628 times
Reputation: 9678
Quote:
Originally Posted by Zengha View Post
Owning a home is a huge expense and you increasingly need a VERY good job in order to get one. However, with the way employers and business' keep trying to screw over and pay as little as possible it's difficult just getting a decent apartment and paying all the other bills.

Do you think home ownership for young people today and in the future is just a pipe dream for most?

Little houses will become very popular. Built in clusters, with common spaces like townhouses have, but with only 400 to 600 sq. ft. or so.
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Old 05-28-2018, 05:30 AM
 
Location: 80904 West siiiiiide!
2,866 posts, read 7,102,116 times
Reputation: 1544
I don't even consider a townhouse a house. You only own 2 or 3 walls and there's usually an HOA of some sort (that that some housing developments don't)

It's like BUYING an apartment. Why would anyone want that, unless they weren't capable of doing their own maintenance.
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Old 05-28-2018, 05:45 AM
 
Location: Colorado Springs
4,334 posts, read 4,366,361 times
Reputation: 15317
Quote:
Originally Posted by Rocko20 View Post
Thatís gentrification when rent and housing prices increase, and sometimes you have to move.

The fact that you can move, is a right and privilege for all Americans. Many countries donít have countless cities you can pack up and move to when the local area becomes too expensive.
I'm surprised that so many people who cannot afford local housing prices don't consider relocating.

Here in Colorado, median houses cost $300K in Colorado Springs and $500K in Denver.

Move over one State to Kansas, e.g. median house in Pratt Ks is just $90K

https://www.realtor.com/local/Pratt_KSe

Or pick a college town, e.g. Lawrence Ks and the median jumps to just $238K

https://www.realtor.com/local/Lawrence_KS

With many jobs in the new economy, all you need is a good internet connection.
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Old 05-28-2018, 06:56 AM
 
Location: Saint John, IN
10,647 posts, read 3,327,650 times
Reputation: 12754
Quote:
Originally Posted by prospectheightsresident View Post
Hopefully, you're going to vote the right way to ensure that Indiana remains fiscally sound! I've seen way too many people leave their states because they are high cost of living/high tax/etc. in favor of lower cost of living states, only to vote for the same type of politicians that destroyed their original states!

Illinois has been corrupt and not fiscally sound WAY before I was able to vote. The pension problems there go back decades. I understand what you're saying though. People need to pay attention who we put in office! I have no issues with how Indiana is currently run and that's why we moved here. We have a comparable home to the one we had in Illinois and pay THOUSANDS less per year. And to be honest, this is probably only going to be our home the next 12-15 years as we will then retire and move from the Midwest all together. Not sure where yet. Maybe out of this country.
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Old 05-28-2018, 08:25 AM
 
Location: western East Roman Empire
6,112 posts, read 10,162,644 times
Reputation: 4850
Quote:
Originally Posted by Zengha View Post
Owning a home is a huge expense and you increasingly need a VERY good job in order to get one. However, with the way employers and business' keep trying to screw over and pay as little as possible it's difficult just getting a decent apartment and paying all the other bills.

Do you think home ownership for young people today and in the future is just a pipe dream for most?
The American dream is owning your own successful business, not going into life-long debt on wage income, not even a very good job.

The American dream is owning your own successful business.

That builds wealth, while owning a home, especially a single-family house, is an expense, a consumer good, an expense.

All over planet earth since the year two, on the fumes of an entrepreneur who builds wealth, a critical mass of people inherent, in some way or another, that consumer good, that expense, the single family home or luxury condo in the big city.

The US in the 1950s-1990s period was a very brief exception, though sadly it is still entrenched in living memory and expressed as debt entitlement.

That way of operating, which came to a head in the mid-2000s, won't work for very long either in the real world, as the last 10 years have amply demonstrated, except for the most thick headed and the politicians who feed them the propaganda.

Focus instead on developing your own successful business. Then, years later, start thinking about an expensive consumption center like a house.

Good Luck!
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Old 05-28-2018, 10:07 AM
 
98 posts, read 40,501 times
Reputation: 248
Quote:
Originally Posted by Rocko20 View Post
Thatís gentrification when rent and housing prices increase, and sometimes you have to move.

The fact that you can move, is a right and privilege for all Americans. Many countries donít have countless cities you can pack up and move to when the local area becomes too expensive.
Many people right here in this country can not afford to move. Youíre right that being able to move is a privilege and thatís why I find the notion that someone should HAVE to so appalling. Moving across the country is a financial and logistical nightmare and people who live paycheck to paycheck can not afford to be moving every time their area becomes popular with rich white folx
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