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Lacrosse posted:Even if I suddenly started making six figures, I've been poor so long I'd keep buying everything second hand. About 5 years ago when I was almost 30 I went from making $22k a year to about $120k a year over a 2 year period. You get used to that really, really quickly. There's no more "I want this but can't afford it" wishing kind of stuff. You just buy what you want. You find things to spend it on.
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Feb 12, 2016 16:41
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Farmer Crack-rear end posted:EDIT: not saying that you, fknlo, or anyone else always or necessarily gets to the point of living paycheck-to-paycheck - just that a hell of a lot of people do. I work with quite a few people in this boat, so, yeah. Thankfully I'm not one of them.
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Feb 12, 2016 17:41
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Radbot posted:That analysis ignores the fact that new development rarely reflects the current housing stock mix. In Denver, for example, there are *far* more luxury apartments and townhomes going up than single family homes, driving up average rents while not reducing demand for lower-end housing as areas become more desirable. Pretty sure I saw something about how vacancy rates Denver are starting to climb, so a correction in prices might be close.
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Feb 12, 2016 22:34
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Radbot posted:I saw that too, but I think the pain is going to be around for awhile as vacancies climb in luxury dwellings but remain historically low for more affordable places. Zillow predicts a 4.0% increase in rents across the metro this year, among the highest in the nation. I'm actually trying to transfer out there right now with a low 6 figure job and the housing market is pretty solidly out of what I feel comfortable spending to buy. At least if I'm paying too much in rent I'm not hosed when the bubble pops and my house is now worth half of what it was.
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Feb 12, 2016 22:54
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