this post was submitted on 03 Nov 2024
612 points (98.4% liked)

Mildly Infuriating

35738 readers
1449 users here now

Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.

I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!

It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.


Rules:

1. Be Respectful


Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.

...


2. No Illegal Content


Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.

That means: -No promoting violence/threats against any individuals

-No CSA content or Revenge Porn

-No sharing private/personal information (Doxxing)

...


3. No Spam


Posting the same post, no matter the intent is against the rules.

-If you have posted content, please refrain from re-posting said content within this community.

-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.

-No posting Scams/Advertisements/Phishing Links/IP Grabbers

-No Bots, Bots will be banned from the community.

...


4. No Porn/ExplicitContent


-Do not post explicit content. Lemmy.World is not the instance for NSFW content.

-Do not post Gore or Shock Content.

...


5. No Enciting Harassment,Brigading, Doxxing or Witch Hunts


-Do not Brigade other Communities

-No calls to action against other communities/users within Lemmy or outside of Lemmy.

-No Witch Hunts against users/communities.

-No content that harasses members within or outside of the community.

...


6. NSFW should be behind NSFW tags.


-Content that is NSFW should be behind NSFW tags.

-Content that might be distressing should be kept behind NSFW tags.

...


7. Content should match the theme of this community.


-Content should be Mildly infuriating.

-At this time we permit content that is infuriating until an infuriating community is made available.

...


8. Reposting of Reddit content is permitted, try to credit the OC.


-Please consider crediting the OC when reposting content. A name of the user or a link to the original post is sufficient.

...

...


Also check out:

Partnered Communities:

1.Lemmy Review

2.Lemmy Be Wholesome

3.Lemmy Shitpost

4.No Stupid Questions

5.You Should Know

6.Credible Defense


Reach out to LillianVS for inclusion on the sidebar.

All communities included on the sidebar are to be made in compliance with the instance rules.

founded 2 years ago
MODERATORS
 

My salary didn't change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain't even a "good" home either. It was a 200k meh average ok home before. Now it's simply unaffordable

top 50 comments
sorted by: hot top controversial new old
[–] Jackthelad@lemmy.world 110 points 1 month ago (2 children)

You just need to stop watching Netflix and buying avocado toast.

At least that's what old people say anyway.

[–] scrubbles@poptalk.scrubbles.tech 40 points 1 month ago* (last edited 1 month ago) (2 children)

Can confirme. I stopped drinking Starbucks and now I own a 50 acre plot with a 6 bedroom house on it. If only I would have listened to their Facebook comments sooner, I could have afforded that private jet too. Edit: Apparently sarcasm is lost on a few. So for explicitness - /s

load more comments (2 replies)
[–] SARGE@startrek.website 20 points 1 month ago (1 children)

Assuming you spend $10 on avocado toast every day, as well as $75 on eating out for every meal, $20 for Starbucks, and ALSO assuming you have $150 worth of monthly subscriptions:

It will take you 25 years to save one million dollars. That's assuming you never get sick, never lose a job, never need to buy a car or have major repairs, or basically any kind of surprise expense or setback that could wipe out savings.

To be the richest person on earth, you would need to save that money every year for over 6 MILLION YEARS

[–] boonhet@lemm.ee 13 points 1 month ago* (last edited 1 month ago)

Not to devalue your point, but if you truly were spending (10 + 3*75 + 20)*30 + 150 per month (so a total of 7800 USD) and you invest it in an index fund getting back 5%, you'll have your million in 10 years. 8 years at 10% which is the long-term growth rate of DJIA and S&P 500.

You'll still never be the richest person in the world, but if you truly were burning away that much money, you could make decent dough just from investing it passively. In 30 years you'd have like 15 million, more than enough to retire.

Now the only real problem is that nearly nobody is actually burning that much cash and the "stop eating avocado toast" suggestions are indeed stupid af.

[–] gravitas_deficiency@sh.itjust.works 43 points 1 month ago (3 children)

Is this one of the areas where corps are buying up a shitload of real estate?

[–] Godnroc@lemmy.world 147 points 1 month ago (1 children)

I believe it's on earth, yes.

[–] Lost_My_Mind@lemmy.world 27 points 1 month ago

My moon base is not gaining ANY land value....

[–] mesamunefire@lemmy.world 15 points 1 month ago* (last edited 1 month ago)

If it's on Zillow then yes. The trick is to find houses that are not on MLS/Zillow...but realistically there are none. GL! We got ours wnd in one year it went up 40%in a year.

Also in my area that house is a steal and would have offers before it hit Zillow.

load more comments (1 replies)
[–] JoMiran@lemmy.ml 43 points 1 month ago* (last edited 1 month ago) (1 children)

A house in Austin

2018: $275,000
2022: $725,000

Those are actual numbers from East Austin. I believe the 2024 market rate is $625,000 but it hasn't changed hands again so I can't say for certain.

[–] scrubbles@poptalk.scrubbles.tech 14 points 1 month ago* (last edited 1 month ago) (4 children)

And conservative Texans keep laughing that californians are moving to Texas because "They hate the blue politics", never guessing that they would bring their blue politics and money with them, driving up land value. Definitely not saying that they're bad, but that it's ironic that they didn't think through the consequences

[–] chiliedogg@lemmy.world 11 points 1 month ago

The people fleeing California for Texas aren't people who love California and its politics.

They're mostly Republicans, and they're making Texas more red AND increasing home prices.

load more comments (3 replies)
[–] Glifted@lemmy.world 34 points 1 month ago (6 children)

My lucky ass bought a house in late 2019. I'm happy I'm making money on it but this doesn't seem healthy

[–] Fermion@feddit.nl 33 points 1 month ago (6 children)

You're only making money if you downsize, move somewhere cheaper, or switch back to renting. If you move and all the other houses have gone up, then you just end up having to sink any gained equity into affording your new place. Rising prices really only help developers, realtors, and REIT's.

load more comments (6 replies)
[–] Lost_My_Mind@lemmy.world 15 points 1 month ago (1 children)

You're right. It's not healthy to profit so much from corporations greed.

Therefore, it's only right that you sell me your house for $1

load more comments (1 replies)
load more comments (4 replies)
[–] sleepmode@lemmy.world 34 points 1 month ago

I like the utility feed hanging off the front of the house going straight through the roof and blocking them from installing the other fake shutter. I wonder what other construction horrors lurk inside.

[–] SplashJackson@lemmy.ca 28 points 1 month ago (4 children)
[–] TheReturnOfPEB@reddthat.com 14 points 1 month ago* (last edited 1 month ago)

Best hurry ... Ozempic is destroying the caloric benefit

load more comments (3 replies)
[–] PoTayToes@sh.itjust.works 23 points 1 month ago (3 children)

Tbh this is more than mildly infuriating...

load more comments (3 replies)
[–] Gingerlegs@lemmy.world 23 points 1 month ago* (last edited 1 month ago) (2 children)

82%, feel lucky. I bought my house in 2015 for $85k. Last assessment was almost $300k

load more comments (2 replies)
[–] Thebeardedsinglemalt@lemmy.world 19 points 1 month ago (5 children)

This is everywhere. I've been looking for houses for 3 months in NW Ohio. 300k is the new 150k, and all the houses are beat to shit on the inside needing 50k just to make them passable inside because nobody takes care of them.

load more comments (5 replies)
[–] Xyphius@lemmy.ca 17 points 1 month ago (2 children)

Friend of mine was saving up for a house 5 years ago. Prices have gone up almost 150%

[–] Asafum@feddit.nl 10 points 1 month ago* (last edited 1 month ago) (3 children)

Yeah that was me too... I FINALLY got to the point where I could realistically start looking, got the pre-approval and everything just after COVID started... People had already starting WFH and moving away from where they worked and investment companies kept buying and now I'm still living in someone else's garage because prices went through the roof pretty much as I was looking...

Of course once you mention WFH everyone gets defensive and claims this was a trend, but those charts are the same everywhere. Houses in 2018-19 were often less than half of what they cost now...

load more comments (3 replies)
load more comments (1 replies)
[–] Debs@lemmy.zip 17 points 1 month ago

Being able to buy a $200,000 house in the town I live in would change my life so much.

[–] TheObviousSolution@lemm.ee 15 points 1 month ago

This won't change as long as property ownership and property renting is unified. There's just to much of a business incentive from renting, even if it takes decades to make it back. Worst that can happen is that it can sell it back to a market that criminalizes homelessness instead of treating it or its causes.

[–] yessikg@lemmy.blahaj.zone 12 points 1 month ago (1 children)

This is because venture capitalists are buying all the homes to rent

load more comments (1 replies)
[–] Gerudo@lemm.ee 12 points 1 month ago

My janky duct tape together house I bought in 2010, that was built in '58 was 98k. In 12 years I sold it at 280k, with it still technically being out of code. My house was the cheapest sold in the neighborhood, some selling for 320k. It's insane.

[–] socsa@piefed.social 12 points 1 month ago (3 children)

Not that this is "ok" but it's why "buy whatever you can as soon as you can" is good advice. If you'd put whatever you had into a shitty condo four years ago, and kept saving at the same rate, you'd likely be in good position to trade up soon.

I see a lot of people I know end up in the same position because they've been waiting for either the exact right circumstances or for prices to "crash." All the people i know who started with anything they could afford now have a huge amount of equity in nice homes. The difference is real and primarily about timing more than income or location.

load more comments (3 replies)
[–] lud@lemm.ee 12 points 1 month ago (1 children)

Keep in mind that 4 years ago was COVID times when everything was shit.

[–] chiliedogg@lemmy.world 18 points 1 month ago

House prices exploded during Covid. Yeah, they dipped for like 2 weeks initially, but then they skyrocketed.

[–] Magister@lemmy.world 12 points 1 month ago (1 children)

About everywhere... In Toronto it's now 1 million+. In Vancouver it's now 2 millions+

[–] chonglibloodsport@lemmy.world 13 points 1 month ago (3 children)

Right but OP is talking about a house in Waleska, Georgia, which has a population of 921 (as of 2020 census). Not really on the same level as Toronto or Vancouver!

load more comments (3 replies)
[–] bostonbananarama@lemmy.world 12 points 1 month ago (1 children)

If it makes you feel any better, that house would sell for at least double that price where I live.

load more comments (1 replies)
[–] jj4211@lemmy.world 12 points 1 month ago (2 children)

So occasionally I look out of curiosity and the reason is pretty plain.

I look for houses for sale in a suburban area as public listings, and there's like 1 within a few square miles of the area.

I switch over to renting, and there's like 12 houses just like the one for sale available, all owned by companies. I also know a coule that aren't listed that have no tenants, but are still owned by one of those companies. You can tell because those yards are now waist deep grasses (in an area where HOA throws a hissy fit if your yard looks just a smidge unkempt).

Don't know why the companies find it more profitable to buy houses people aren't looking to actually move into, at least at the rent they are willing to accept. If I fully understood why, it might just piss me off more. Like maybe the houses work better as a loan basis than other assets, so even empty and unused they are valuable as some sort of financial trick.

[–] Semi_Hemi_Demigod@lemmy.world 10 points 1 month ago

Don’t know why the companies find it more profitable to buy houses people aren’t looking to actually move into, at least at the rent they are willing to accept. If I fully understood why, it might just piss me off more. Like maybe the houses work better as a loan basis than other assets, so even empty and unused they are valuable as some sort of financial trick.

That's one thing, but housing has been a low-risk investment for a long, long time. If they bought the house OP posted in 2020 and sold it in 2024 they would have almost doubled their money even without renting it out.

load more comments (1 replies)
[–] w3dd1e@lemm.ee 11 points 1 month ago* (last edited 1 month ago)

It’s the same in Kansas City. I just checked a random house in my city and it’s up almost $100k in 4 years.

3bd, 1bath 976 sqft

[–] shalafi@lemmy.world 11 points 1 month ago (14 children)

Y'all realize this is a bubble, right? I almost feel sorry for these investors, gonna have their ass handed to them in the coming decade.

[–] OsrsNeedsF2P@lemmy.ml 40 points 1 month ago (1 children)

If Big Macs, houses, gas and college tuition all went up, it's time to realize these are not all in bubbles and instead realize due to inflation your salary has been halved.

load more comments (1 replies)
load more comments (13 replies)
[–] MdRuckus@lemmy.world 10 points 1 month ago

Houses in my neighborhood are up 150-200%.

[–] rbesfe@lemmy.ca 10 points 1 month ago (7 children)

A 1200 sqft bungalow near me just sold for 1 million Canadian rubles

load more comments (7 replies)
load more comments
view more: next ›