XPost: alt.politics.trump, alt.fan.rush-limbaugh, talk.politics.guns
XPost: sac.politics, alt.home.repair
From: esp@snet.n
On 9/12/2024 11:48 PM, Governor Swill wrote:
> On Thu, 12 Sep 2024 14:28:06 -0400, Ed P wrote:
>
>> On 9/12/2024 2:09 PM, Governor Swill wrote:
>>> On Thu, 12 Sep 2024 09:10:41 -0400, Ed P wrote:
>>>
>>>> On 9/12/2024 12:45 AM, Governor Swill wrote:
>>>>> On Wed, 11 Sep 2024 22:41:56 -0400, Ed P wrote:
>>>>>
>>>>>> I was 20 years old and bought my first house in 1966. I had a decent
>>>>>> job, bought a house , had a used car, got married. If you use the CPI
>>>>>> inflation calculator the wage I made in 1966 would be 10X that in 2024,
>>>>>> assuming the same job. I checked with Zillow and that house today would
>>>>>> sell for 18.5X what I paid back them.
>>>>>
>>>>> Not the same house. Did that house have central a/c? Off street
parking? A
>>>>> garage? "Bonus" room? What kind of kitchen and appliances? How many
>>>>> bathrooms?
>>>>
>>>> Yes, it is the same house. I made improvements in it during the time we
>>>> lived there. New owner may have done some to, they have been in it
>>>> since 1981.
>>>>
>>>> That is my point. Wages have gone up with inflation, housing exceeded
>>>> it quite a bit. Have you ever used the Zillow website? You can look up
>>>> any address and get an approximate value and I did that for my old house.
>>>
>>> But that house is not the same house you originally bought, either. You
have
>>> said you made improvements. I would assume you added air since that was
rarely
>>> found in cheaper homes back then. What else did you add to the home?
>>>
>>> One more thing. Does it annoy you that you make so much money on it when
you
>>> sold it?
>>>
>>
>> No, I did not add air. In that climate, central AC was not very common
>> or even doable in some houses.
>
> Really?
>
>> I remodeled the kitchen so it would
>> MAINTAIN value over the years. Normal maintenance and upkeep.
>
> No kitchen remodel last fifty years. The surfaces wear out, formica wears
off,
> bubbles and cracks and any kitchen remodel done in the sixties or seventies
> would have been formica. Ever the best flooring doesn't last that long.
Enamel
> sinks and tubs go dull and stain. Plumbing doesn't last that long without
> significant repair. Ditto wiring. Drawer sliders and hinges wear out and
> cabinetry becomes coated with old cooking grease.
>
>> Did I make money on that home? No, I sold it at a higher price
>
> Then you made money on it. Putting primary home profit into a new primary
home
> is tax exempt but it's still profit - profit that helped up upgrade to a
better
> home.
>
>> and put
>> that money into another house that also was inflated over time. Yes, it
>> allowed me to do that but you are missing the point.
>>
>> If I had the same job in 2024 that I had in 1966 and had the same
>> salary, adjusted for inflation, I could not afford it today. My wage
>> would be 10x higher but the house would be 18x higher.
>>
>> Real estate has gone up much more than wages over time and that makes
>> home buying more difficult.
>
> I think you're gaslighting me. Air conditioning is common even in Canada.
>
This was in Philadelphia. My house was built in 1948, tens of
thousands of them were built in the late 1800s and early 1900s. My
grandmother's house did not have central heat when built. Do you think
it would be simple to put AC in a house like that? Do they make coal
fired AC units? I had gas heat and I did use room AC units, as did most
of the neighbors.
I think you have to get out more and see what other types of houses are
around.
Back to my original premise. Wages increase 10X, real estate close to
20X make buying a house more difficult that it was 50 years ago.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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