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High-school sweethearts with good jobs, a baby on the way and a $600,000 budget can’t find a house after 2 years of hunting. ‘It is just so demoralizing, depressing, and defeating’
Fortune ^ | 5/27/23 | Alena Botros

Posted on 06/05/2023 9:51:47 AM PDT by millenial4freedom

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To: dfwgator
First World Problems.

Probably complained when their Peloton delivery was late as well.

41 posted on 06/05/2023 10:39:02 AM PDT by 1Old Pro
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To: ifinnegan

Their income is not $600,000. The $600,000 amount is the limit of what they can afford.

If they had a combined income of 600K, they would have no problems buying a house.


42 posted on 06/05/2023 10:39:20 AM PDT by Dilbert San Diego
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To: devere
Our first home called for a one hour commute because that was all we could afford. After three years of that we moved to a new state and city, far more affordable. We both researched our current employers and the sister companies of our employers. We found jobs and got "relocation offers" to move. Four years later we did that again, moving a thousand miles again.

Same industries. Same companies or divisions.

In the past, you had to move to get ahead. Good fortune is of your own making. You just can't sit around waiting for it to happen, complaining. It never will.

43 posted on 06/05/2023 10:43:36 AM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: millenial4freedom

Not enough data in the story to indicate how much of the problem is them vs the increasing socialism and size of government in the US.

Big gov and socialism means more and more people have to live in bungalows and rely on public transportation.

But what would want to know about these folks are:

How much did you pay for your car(s)?
How much do you pay for your electronics?
How much do you pay for coffee?


44 posted on 06/05/2023 10:43:44 AM PDT by fruser1
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To: meyer
I admittedly live in Taxachusetts (which frankly, has reasonable property taxes and house insurance fees relative to those in other states) and a starter-house within 1hr of Boston is at least $500k (even in the most notorious neighborhoods)...

this couple could easily be unreasonable whiners who want a 5-bedroom house, but you'd be very surprised how little $600k gets you in many spots across the country.
45 posted on 06/05/2023 10:44:30 AM PDT by millenial4freedom (The Democrat Party thinks men can menstruate! How can it possibly be right about everything else?)
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To: millenial4freedom

Bullpucky. Mortgages should be at around 7% right now. Money should never return to below 5%. Ever. What businesses (any) can survive on 2% gross profit before expenses?


46 posted on 06/05/2023 10:48:50 AM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: millenial4freedom

Excellent points.

Housing has become much more expensive than in decades past, adjusting for inflation. Home ownership has become more difficult for the middle class.


47 posted on 06/05/2023 10:54:37 AM PDT by Dilbert San Diego
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To: Mr. K
When those 2 year adjustable mortgages hit some people are going to freak out

Please explain. I've bought one house in my life and I will probably die in it.

48 posted on 06/05/2023 10:57:00 AM PDT by gitmo (If your theology doesn’t become your biography, what good is it?)
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To: Red Badger

Of all the yankee license plates I see here NJ is pretty much the most common.


49 posted on 06/05/2023 10:58:25 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: V_TWIN

Headed north?.................


50 posted on 06/05/2023 10:59:09 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

No unfortunately 😏


51 posted on 06/05/2023 11:04:42 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: Red Badger

In the last 8 months just on my street alone I have refugees that moved from NJ, NY, Rhode Island and Missouri.


52 posted on 06/05/2023 11:08:37 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: millenial4freedom

If your property taxes are only $10k a year, you’re in a very bad neighborhood. Property taxes on a nice house will run you twice that much easily.


53 posted on 06/05/2023 11:19:42 AM PDT by Blood of Tyrants (It's science and therefore cannot be questioned!)
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To: millenial4freedom

My kid turned down a job offer in Boston that almost doubled his salary to $200K. The housing costs (and not knowing anybody) made it not worth the move from the Minneapolis area.


54 posted on 06/05/2023 11:21:46 AM PDT by toast
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To: Dilbert San Diego

“ If they had a combined income of 600K, they would have no problems buying a house.”

Yes. Hence my comment.

Having $600K price range makes it more difficult indeed.


55 posted on 06/05/2023 11:22:23 AM PDT by ifinnegan (Democrats kill babies and harvest their organs to se)
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To: SauronOfMordor

There’s no such thing as a “dream house” in New Jersey. It’s expensive and decrepit ... which are two adjectives that should never be used to describe the same thing in any normal, rational world.


56 posted on 06/05/2023 11:22:30 AM PDT by Alberta's Child ("I've just pissed in my pants and nobody can do anything about it." -- Major Fambrough)
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To: meyer

House down the street just went up for sale, 3300 sq ft, in ground pool, indoor sauna-hottub, 1.5 acres, $600K. Of course its nowhere near New Jersey. Point is, that $$ will buy you the best in rural or redstate areas, and a very nice 3_4 be family home will cost 1/3rd that much any day of the week.


57 posted on 06/05/2023 11:24:43 AM PDT by bigbob (Q)
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To: millenial4freedom

Guess that depends on what they are looking for.


58 posted on 06/05/2023 11:33:21 AM PDT by HollyB
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To: V_TWIN

These two sound like class A millennial whiners and a story placed on Yahoo for ultimate feel sorry exposure.

What do they expect in a blue shithole like New Jersey??

Try relocating to the midwest...or even south somewhere.

We just bought a lovely home in Florida for under $500k!

I wonder — do they vote Democrat? I wager strongly they do. So, embrace the suck, ....this is life in Biden’s America. Just wait until you have to compete with illegals for homes, jobs, food ....

I remember when we had a baby coming, we lived in probably a 900 sq ft apartment in military housing above the Germans who rented to us at an exorbitant rate. No dishwasher, no DC, no screens in the windows, no American TV. We lived that way for three years!!

We’ve been in the process of selling a home and don’t discount the way these real estate professionals add to the crazy costs of homes — they wanted $3500 just to “stage” our house (which we refused to pay). It’s a massive industry that is also contributing to the markups on homes.


59 posted on 06/05/2023 11:34:59 AM PDT by LibsRJerks
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To: Alas Babylon!

If they want more bang for their buck, they may need to search outside of that zip code.


60 posted on 06/05/2023 11:35:11 AM PDT by HollyB
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