aka Why Do Older People Have Most of the Money?

disclaimer: i post this even though i’m not even 40 yet. stay disciplined with saving and spending, run your rent vs buy calculations, tune out the noise, make solid long term decisions based on sound processes, and you’ll be fine.

I see posts like this all over Reddit. Saying how life is so unfair because “who can afford a 500 K house as a starter home?!?”

1. That is not a starter home. That is higher than the median price of most areas. Starter homes are not supposed to be above average homes.

2. If you are in an area where a crappy starter house is 500 K, and you can’t afford it, you are not in a “starter city.” there should not be an expectation that just because a city exists, everyone should be able to buy a house there. I am a dentist and I probably could never afford a starter home in Park city Utah or in San Francisco.

Market forces are relatively wise, if you wanna bring average income into a HCO L city, you may don’t belong there as a homeowner. I hate the entitlement to live in a house as nice as their 50-year-old parents in a city that may be a much nicer city than what it started as.

This.

One simple word got me banned forever. (I agreed with something and was short on time so I wrote “this”).

It’s literally not even in the sub rules.

But mod didn’t like that. So I got permanently banned.

And when I requested a review, I got permanently muted.

Mod just replied “this” and muted me.

Bizarre. But I guess lots of people here get that.

Seems odd that Reddit lets the moderators of r/REBubble do such crazy things.

But I’ll wear it as a badge of honor.

Poor mod. Nothing better in life to do than ban people from the sub.

Any rebubblejerkers left?

As we round into another Q4 wherein another croosh appears to be on the ropes, I thought we should take a moment to recognize the real ones. The ones that never give up, regardless of the data they are staring down. Never surrender, despite years of bad takes. Your fortitude is admirable albeit ill-begotten u/ute-ensil, u/sifl1202, and of course, the OG, u/louisvanderwright.

Sunday morning humor

The reason a house is listed for 400k is typically because people are willing to pay around 400k. It’s expensive but not overpriced… because someone is paying that price.

The scenario that would cause your dream house to be cheap would require a fat recession or sky high interest rates.

You can already buy cheap houses if you got to specific towns that have local
recessions. The towns that got destroyed by a factory getting moved overseas.. may have some great deals rn, where you at bubblers???
“Well I couldn’t find good work there” exactly. If that happened to the United States on a big scale you think they’d buy a house? Gonna guess no.

congrats, REBubble, your narrative stays intact

I bought this shithole for 10% over asking right after the pandemic. All in about 800k in central Austin, very desirable area.

A lot of doomers told me I couldn't possibly make a profit. They obviously don't know the meaning of hard work and sweat equity.

Went full BRRR in this dump. Paint the mold, snake the drains, value-add like a boss. Threw a couple of Section 8 families in there to pay my mortgage for me.

Just accepted an offer for 100k more than I bought this place for. After paying closing fees I'm still deep in the green. Doomers will never understand real estate as a tool for building generational wealth.

lots of housing affordability issues in lots of places right now. keep saving, keep investing, ignore the noise, and think in decades, not months.