Home buying thread

Sanrith Descartes

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Just went to Zillow in my area (a small college-town) to verify your assumption and $1700 will get you a 1/1 500 sq foot shanty, so not sure what you're talking about.

I think you guys are exclusively talking hunting for the lowest rents in America. So yeah, $900/mo rent exists in rural America, but if you're simply talking about the new normal, rent is out of control (thank you illegal immigration + Blackrock + H1B).
Check your messages.

I am not choosing rando places to prove some point.
 
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Daidraco

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Just went to Zillow in my area (a small college-town) to verify your assumption and $1700 will get you a 1/1 500 sq foot shanty, so not sure what you're talking about.

I think you guys are exclusively talking hunting for the lowest rents in America. So yeah, $900/mo rent exists in rural America, but if you're simply talking about the new normal, rent is out of control (thank you illegal immigration + Blackrock + H1B).
When I was making that graph in the previous page, I thought it was interesting that illegal immigration was labeled so low. So I included all foreign born people and their descendants, coming up to 80 million since 1950 (23% of the US population). Grok pieced together regional data where foreign born residents mostly reside, such as Miami, New York City, etc. and came to a figure the median rental payment to be upwards of 36% of the current median. A good $4-500 dollars due to immigration, period. Then, if housing assistance was removed outright (which seemed to keep pace with immigration as a whole) - that accounts from $85-$192, also theoretically. So median rent across the US would actually be closer to half what it is currently ($1450).

If you look at inflation as additive, acknowledging things like 2008 housing bubble collapse - the figures that Grok came up with seem to track rather well.
 

Sanrith Descartes

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Tenfour, thanks. I guess university towns demand a $1200/mo premium.

I also wonder how being a sanctuary city drives up home prices.
Additional info. My daughter is up in Gainesville where UF is. She has a 2 person student housing apt. 2 bd/2bth and they share the common area. Maybe 800 sq ft total. Each person pays 700/month with power, water and wifi included. That's the largest Univ in the State. Outside of UF, Gainesville is nothing on its own.

Or.. you can do like some board members did when they went to UF and live in their car at an RV park ;)
 
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Intrinsic

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At Auburn it was not uncommon to have generational double wides. There are a lot of nick names for the school, most deserved, but really this made the most sense to me. If you have three kids that will be going through school, get some/rent a plot, get a nice double wide or manufactured home and your kids have virtually free rent (to them). These days a lot of that has shifted to apartments / condos closer to the university for alumni that can afford it. They also rent it out game day for many dollars after kids have graduated.
 

Kithani

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At Auburn it was not uncommon to have generational double wides. There are a lot of nick names for the school, most deserved, but really this made the most sense to me. If you have three kids that will be going through school, get some/rent a plot, get a nice double wide or manufactured home and your kids have virtually free rent (to them). These days a lot of that has shifted to apartments / condos closer to the university for alumni that can afford it. They also rent it out game day for many dollars after kids have graduated.
Yeah I was about to say this really isn't very common anymore. I graduated in the 2010s and I think I went to one party at a double-wide in 4 years which was the only time I saw one IIRC
 
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Intrinsic

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Yeah I was about to say this really isn't very common anymore. I graduated in the 2010s and I think I went to one party at a double-wide in 4 years which was the only time I saw one IIRC
Hard to believe it has been almost 20 years since I’ve been down there 😅
 
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Sanrith Descartes

I was forced to self-deport from the /pol thread
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At Auburn it was not uncommon to have generational double wides. There are a lot of nick names for the school, most deserved, but really this made the most sense to me. If you have three kids that will be going through school, get some/rent a plot, get a nice double wide or manufactured home and your kids have virtually free rent (to them). These days a lot of that has shifted to apartments / condos closer to the university for alumni that can afford it. They also rent it out game day for many dollars after kids have graduated.
Its common here too. I see lots of 5 and 10 acre lots with single and double wides on them. It sparks conversations like would you rather have a 1000 sq ft SFH on a zero lot line or a mobile home on 5 acres?
 

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Going to have to decide this week if we postpone our build or continue forward…

Completly unplanned work situation has come up where I have an opportunity to go back and do W-2 work. It is an enticing offer with about $500k in stock incentives, ability to lead and grow a whole new consulting division / business within this company. The problem is the shift from 1099 cash flow to a reduced W-2 base salary and annual bonus structure. We are so used to having surplus cash each month to max our investments, savings, do whatever we want with, like build a house. The W-2 base isn’t equivalent but if the bonus pays out overall compensation would be almost similar. Taxes would be different but I think I’ve got that figured out. Plus being able to take vacation and get paid….

I was going to make a whole thread about the offer but it has been driving me crazy and there’s other politics / relationships at play.

We should get our plan’s for the build back this week and have a better idea of the build cost.
 
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Tmac

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Sounds like a fun/interesting and potentially challenging opportunity.