cars are so insane. and college tuitionAnd cars are woefully overpriced and bloated to satisfy a consumerist market.
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cars are so insane. and college tuitionAnd cars are woefully overpriced and bloated to satisfy a consumerist market.
i have friends spending $25k per year per kid for high school. that's really nutty to me.And cars are woefully overpriced and bloated to satisfy a consumerist market.
Put it in a brokerage account and give it to them after they graduate public highschool and a state college. They'll be better off.i have friends spending $25k per year per kid for high school. that's really nutty to me.
i've still never reconciled whether it's better to finish in the top 10 percent of a good school or the middle of the class at an elite school. most of the kids at our elite high schools still end up at mizzou and ku and indiana and blah blah blah. they aren't all at colombia and mitPut it in a brokerage account and give it to them after they graduate public highschool and a state college. They'll be better off.
Got it. But while the monthly payment has stayed the same, comparatively, income has lagged behind.
None of this seems right to me. I don’t have time today but this weekend I’m going to consider it. This stuff is real hard on my brainWell no. Let's look at it this way, all based in 2023 dollars and monthly amounts.
1983 (inflation adjusted) :
Median household income: $6,333
Mortgage payment: $2,200
2023:
Median HHI : $7,083
Mortgage payment: $2,208
What they have in common?. Both times were really shitty to buy a home, comparatively to a lot of other periods
Found the neighborhood...650,000. Crazy! Colorado went through a Californication after 1990. Prices skyrocketed after that. It was like a Big City sleeper, old oil money town. I lived downtown in the Barclay for a couple years and jumped on the free bus every morning to go a few blocks to a high rise office which was 30-40% vacant. IDK why Californians suddenly moved there.Where in CO and what year was this? Half a mil might be low balling it.
None of this seems right to me. I don’t have time today but this weekend I’m going to consider it. This stuff is real hard on my brain
Yeah, anything west and north of Denver (and west of I-25) is crazy. That $650K house was likely $450-500K a few years ago. South of Denver (Castle Rock, Parker) are getting pretty crazy too. As mccurty mentioned, Boulder prices are essentially Cali prices ($1M+). People are getting priced out then move down to Colorado Springs which prices more people out of that area.Found the neighborhood...650,000. Crazy! Colorado went through a Californication after 1990. Prices skyrocketed after that. It was like a Big City sleeper, old oil money town. I lived downtown in the Barclay for a couple years and jumped on the free bus every morning to go a few blocks to a high rise office which was 30-40% vacant. IDK why Californians suddenly moved there.
The Denver Post Online - Growth in the '90s
extras.denverpost.com
This article down plays it, but ask any local back then and they hated it.
Boulder has nothing on Aspen.Yeah, anything west and north of Denver (and west of I-25) is crazy. That $650K house was likely $450-500K a few years ago. South of Denver (Castle Rock, Parker) are getting pretty crazy too. As mccurty mentioned, Boulder prices are essentially Cali prices ($1M+). People are getting priced out then move down to Colorado Springs which prices more people out of that area.
Honestly, I see more transplants from Texas and other areas than California, at least recently. My neighborhood has a few from Indiana (a few IU grads), St. Louis, Minnesota, Texas, and East Coast. I don't really see prices dropping here anytime soon.
Aspen, Vail, etc. are another story. There's lots of ongoing controversy in those areas because resort employees can't afford to live in the area. Someone will propose developing affordable housing for those employees, then city council or some rich dude (or both) find a reason to shut down the idea. I think the last reason was more environmental and somewhat legit.Boulder has nothing on Aspen.
We vacationed in Beaver Creek a couple years back. Talk about expensive. Great ski area though!Boulder has nothing on Aspen.
Sounds like rich white liberals wanting to keep the minorities out.Aspen, Vail, etc. are another story. There's lots of ongoing controversy in those areas because resort employees can't afford to live in the area. Someone will propose developing affordable housing for those employees, then city council or some rich dude (or both) find a reason to shut down the idea. I think the last reason was more environmental and somewhat legit.
I'd like to buy up in Dillon or Golden but I don't have that kind of money.
i have friends spending $25k per year per kid for high school. that's really nutty to me.
Put it in a brokerage account and give it to them after they graduate public highschool and a state college. They'll be better off.
So dumb. Although I pay $25k for my little guy. Tho with his behavior I’m probably winning. He’s going to force the old bird that’s the TA into retirementThat's cheap. The top private schools near me are $32-$35K per year from 1st grade on
That's how much it costs to go to Carmel Public Schools.That's cheap. The top private schools near me are $32-$35K per year from 1st grade on
Yeah, I'm gauging my experience off living in a top tier school district and growing up in one. I have no idea why people in Carmel pay for their kids to go to privates.mine are going to public, but I'm not sure that is the case. Kids at those schools benefit significantly from smaller class sizes and better individual instruction / attention.
I get where you're going, but is it?That's how much it costs to go to Carmel Public Schools.
Speaking of Buzzkill.I get where you're going, but is it?
Figure a mortgage in Indy is $1000/month and Carmel is median $2500. That's only $18,000/year. Still cheaper.
I know. I did the math 12 years ago and I don't pay anywhere near $2500/month. Yes, I got lucky(ish).
I stretched, but not by choice lol. Mortgage went up $1300 a month in May, due to increased taxes and insurance. Looking to sell in a few months. It’s not sustainable.And how did that work out?
I'm talking going 25% beyond your initial budget because you find "the one". The first mistake I made was allowing my wife ot convince me to look at a house that was that far beyond. Nothing else has been comparable after two weeks.
That's how much it costs to go to Carmel Public Schools.
Inflation adjusting the payment is weird in a way because it's static unless you refinance.Well no. Let's look at it this way, all based in 2023 dollars and monthly amounts.
1983 (inflation adjusted) :
Median household income: $6,333
Mortgage payment: $2,200
2023:
Median HHI : $7,083
Mortgage payment: $2,208
What they have in common?. Both times were really shitty to buy a home, comparatively to a lot of other periods
Inflation adjusting the payment is weird in a way because it's static unless you refinance.
So, while the $600 1983 payment is like an inflation adjusted $2,200 back then in year 1. It stayed at $600 and got relatively cheaper until it's presumably paid off in 2013 in year 30. Because it would still be $600 in 2013 even though inflation, including wage inflation, made the median household income rise substantially.
BUT the big news in TMFT land is that, much like @JamieDimonsBalls, I bought a foreclosure at the nadir of the housing market (2012) for a song that I'm fixin to have all the way paid off in the next few months. Not bad for a simple country lawyer.
I did but it was at the time of virtually free money and I highly suspected my income would increase significantly over time. And it has.And how did that work out?
I'm talking going 25% beyond your initial budget because you find "the one". The first mistake I made was allowing my wife ot convince me to look at a house that was that far beyond. Nothing else has been comparable after two weeks.
I did but it was at the time of virtually free money and I highly suspected my income would increase significantly over time. And it has.
But times have changed. Unless your initial budget was very affordable - I wouldn’t push the envelope today.
That's where my wife got her degree.God I used to go to all the Buffs games. We couldn't get out of Boulder quick enough.
She's a Buff! Go Buffs! Ever been to a game there? Its the best man. The view and Ralphie! Thats an awesome venue!That's where my wife got her degree.
No I haven't. I was just through Boulder the first part of July.She's a Buff! Go Buffs! Ever been to a game there? Its the best man. The view and Ralphie! Thats an awesome venue!
Dude...Ya gotta go to a Buffs game. Seriously thinking about next weekend against the corn. I hope Deion has these boys ready.No I haven't. I was just through Boulder the first part of July.
What's your prediction for Prime Time? It should be interesting. They were hyping the shit out of him last night.Dude...Ya gotta go to a Buffs game. Seriously thinking about next weekend against the corn. I hope Deion has these boys ready.
Line play...They have a sh!tload of talent at all the skill positions, but I'm interested at how the OL and DL will be. He's a winner at everything he's ever done in football so I expect him to bring the Buffs back. IDK how long that will take though.What's your prediction for Prime Time? It should be interesting. They were hyping the shit out of him last night.
Mine was $630 a month for a house and 25 acres in God’s country. Paid off 6 years ago. These prices are out of boundsI stretched, but not by choice lol. Mortgage went up $1300 a month in May, due to increased taxes and insurance. Looking to sell in a few months. It’s not sustainable.
Here in NE Fla, I’m not alone in this plight. Hurricane Ian payback time.
@mcmurtry66 why you laugh? Have you ever been in a totally debit free position? It is amazing.Wake up every stinking day, knowing that you have to punch the systems buttons or be homeless. That sounds like bliss.
OR, wake up every day knowing that no one owns you. Never go over your budget (get rid of the wife first, prison is prison). Pay cash, improve, sell for more and roll it roll it roll it... The borrower is SLAVE to the lender.
How good would it feel to wake up tomorrow and you owe NO ONE, ANYTHING? NO ONE ! !
Get rid of the wife first prison is prison@mcmurtry66 why you laugh? Have you ever been in a totally debit free position? It is amazing.
I stretched, but not by choice lol. Mortgage went up $1300 a month in May, due to increased taxes and insurance. Looking to sell in a few months. It’s not sustainable.
Here in NE Fla, I’m not alone in this plight. Hurricane Ian payback time.
Concrete housing. Codes that would make a house impenetrable. Then maybe, just maybe, insurance companies will drop rates.I really don't see how this plays out in FL, as the home insurance market looks like a death spiral. Particularly on the coasts.
From what I can see it's not the housing/insurance that is the main problem, it's the 50 year old infrastructure and the counties trying to recoup their costs from damages by way of taxes. Florida, with all the good, hasn't planned well in this area. Ian was a great indicator that the 'building strip mall after strip mall and 500 unit apartment complexes on massive marshlands' has not played out too well. Water has a way of doing whatever the hell it wants.I really don't see how this plays out in FL, as the home insurance market looks like a death spiral. Particularly on the coasts.