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Boomers scolding us about how they were able to buy a house working at a gas station...

⁨255⁩ ⁨likes⁩

Submitted ⁨⁨9⁩ ⁨hours⁩ ago⁩ by ⁨return2ozma@lemmy.world⁩ to ⁨[deleted]⁩

https://lemmy.world/pictrs/image/368d2664-adb1-4b21-b2e5-5b7ff111c79d.jpeg

It’s real…

www.redfin.com/CA/San-Jose/…/1594790

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Comments

Sort:hotnewtop
  • gtrcoi@programming.dev ⁨22⁩ ⁨minutes⁩ ago

    My landlord recently told me how much they think the place I’m renting would sell for, and now idk why the owners even bother renting to me because the price is like 50 years worth of my rent.

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  • outlawcarl@fedinsfw.app ⁨2⁩ ⁨hours⁩ ago

    You should all come to my town middlesbrough in the uk my 3 bedroom was just £91k in 2018.

    We have like 9 jobs.. so you have to share mind..

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    • Toes@ani.social ⁨1⁩ ⁨hour⁩ ago

      How’s the internet? Asking for a friend

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  • istdaslol@feddit.org ⁨9⁩ ⁨hours⁩ ago

    And they use the 3mil to buy a nice small house and outbid a working class family that currently live in a 2 room apartment

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    • SkyezOpen@lemmy.world ⁨6⁩ ⁨hours⁩ ago

      As a rental, obviously. No way they’d actually live there like poors.

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  • Zephyr@sh.itjust.works ⁨8⁩ ⁨hours⁩ ago

    The oldest sale I could easily find was 1988, when it sold for $338,000 or about $956,400 today. In 1960 when it was built it likely sold for $15,000 and $22,000 so about $249,077 today. Seems like the value really skyrocketed between 1960 and 1988. I’m not exactly sure where in that window

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    • SpinItBetter@lemmy.world ⁨6⁩ ⁨hours⁩ ago

      San Jose is not considered Southern California. It is Silicon Valley.

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      • wreckedcarzz@lemmy.world ⁨5⁩ ⁨hours⁩ ago

        visits silicon valley

        no silicon in sight

        mfw

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      • Zephyr@sh.itjust.works ⁨6⁩ ⁨hours⁩ ago

        Updated

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  • Astronut@lemmy.zip ⁨9⁩ ⁨hours⁩ ago

    Right. I had to get up in the morning at ten o’clock at night, half an hour before I went to bed, (pause for laughter), eat a lump of cold poison, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad would kill us, and dance about on our graves singing “Hallelujah.”

    But you try and tell the young people today that… and they won’t believe ya’.

    Nope, nope…

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  • MrSulu@lemmy.ml ⁨5⁩ ⁨hours⁩ ago

    Some loud Boomers aren’t all Boomers. There are so many I know who still need to work as they can to cover rent.

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  • molten@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    You still can! You just gotta really lower your standards for what a “house” is

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    • HeyThisIsntTheYMCA@lemmy.world ⁨2⁩ ⁨hours⁩ ago

      Yup. I’m down with a toy hauler rv (If I decay much more I’ll need a ramp) and my favorite apartment was 500 square feet. I found a decent plot of undeveloped land near where I want to retire. An rv could get us started, and we can use our camping gear for an extra “indoors” room.

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  • Dyskolos@lemmy.zip ⁨7⁩ ⁨hours⁩ ago

    Not much different in Germany either. What once was needed to buy a decent house is now merely enough for a tiny apartment.

    I just recently sold one of my houses for 900k. Which I bought for 300k 25yrs ago. And it even was due for major renovations. Well, could have. Actually sold to them for 500. Didn’t wanna be an idiot but also didn’t want to rip them off. I did nothing of value to justify that gain. And they were very happy. Still unfair…

    The market is broken.

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    • monkeyman76@fedinsfw.app ⁨3⁩ ⁨hours⁩ ago

      “one of my houses”

      Have you considered that you are the problem?

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      • HeyThisIsntTheYMCA@lemmy.world ⁨2⁩ ⁨hours⁩ ago

        I have a friend with five. He’s a traveling physician and has five practices each at least a hundred miles away from each other. I don’t entirely see him as part of the housing problem because he has a use for these houses that isn’t vacation.

        Folk are mostly friends on here, so can you ease off the attack please?

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  • BurgerBaron@quokk.au ⁨5⁩ ⁨hours⁩ ago

    Edmonton Area (Satellite city) in Northern Alberta also keep in mind these are in Canadian Dollars. A bi-level now is around $470k. My bi-level is 1200sqft (Alberta doesn’t count the basements) and was $325k in 2016 for an idea of the rate the prices are going up here.

    1925 build, oldest part of the city is the cheapest I found here before getting into trailers, shipping container apartments, and tiny in-fills:

    PLHb0Akk0t9XSUL.png

    Duplex prices:

    pRcyCaNkgTfavOz.png

    Bungalow:

    WyQBujdwm4hxDrM.png

    Bi-Level:

    nDs9nPbsVyVyx24.png

    Larger/Newer:

    fKe1kW7wBN0tIKY.png

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    • pineapplelover@lemmy.dbzer0.com ⁨3⁩ ⁨hours⁩ ago

      I wouldn’t want to live in Alberta anyway

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      • BurgerBaron@quokk.au ⁨3⁩ ⁨hours⁩ ago

        Same

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  • ElectricAirship@lemmy.dbzer0.com ⁨8⁩ ⁨hours⁩ ago

    You ever see the prices for a condo in the bay area? Its just as much as a house in some instances

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    • SpaceNoodle@lemmy.world ⁨7⁩ ⁨hours⁩ ago

      My friend’s monthly condo HOA fees in Mountain View are more than I used to pay on rent.

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      • HeyThisIsntTheYMCA@lemmy.world ⁨2⁩ ⁨hours⁩ ago

        I mean it’s mountain view. Could be worse, could be redwood city. Either way they get to eat at los gallos, one of the best taco huts in the bay

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  • Babalugats@feddit.uk ⁨8⁩ ⁨hours⁩ ago

    Who paid $3m… wouldn’t that be a huge part of the problem too?

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    • a_non_monotonic_function@lemmy.world ⁨8⁩ ⁨hours⁩ ago

      It’s San Jose. That is chump change there.

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  • pelespirit@sh.itjust.works ⁨7⁩ ⁨hours⁩ ago

    Who knows all of these boomers scolding anyone? I’ve never heard one say that. Do I only know or am I only related to nice boomers?

    • It’s corporations buying up all of the extra housing
    • It’s price fixing the rentals and housing through software they bought up.
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    • HeyThisIsntTheYMCA@lemmy.world ⁨2⁩ ⁨hours⁩ ago

      You have nice boomers. Mine understand the inherent changes in the market since they were our age, but they still blame us for not doing what they did.

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  • Skullgrid@lemmy.world ⁨6⁩ ⁨hours⁩ ago

    Hey! This is in California, which means it’s in the communist demoncrats turf. You need to move to Goshen Hole , Iowa, that’s where you can get a house for a more affordable price, and not be able to continue working in your career.

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    • HeyThisIsntTheYMCA@lemmy.world ⁨2⁩ ⁨hours⁩ ago

      They’ll pay you to move to South Dakota, but you know, you have to live there

      I love the badlands so like if I didn’t love where I live I’d consider it

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  • Aarrodri@lemmy.world ⁨7⁩ ⁨hours⁩ ago

    Kill capitalists… I mean…ism…

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    • PM_ME_VINTAGE_30S@anarchist.nexus ⁨6⁩ ⁨hours⁩ ago

      Image

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    • unitedwithme@lemmy.today ⁨7⁩ ⁨hours⁩ ago

      So…

      “Kill capitalistsIsm”

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  • krisevol@lemmus.org ⁨7⁩ ⁨hours⁩ ago

    Most boomers don’t really know how money works. They only had their lifestyle because of American manufacturing and taxing the world though usd printing. We gave those jobs to China, and now the money printing can’t tax the world as much because every country has been dumping Treasury bonds.

    Even if we get the jobs back, the debt and inability to world tax wouldn’t bring back the same level spending power. We would have to pay the debt back which would cause a 20 yr recession.

    At this point, it would be easier to learn Chinese and move to the next world power.

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