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Future of American Dream 🏡
(lemmy.today)
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this post was submitted on 08 Feb 2024
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A shoebox like this should, in a reasonable world, be like 50k. Many years ago someone with a basic factory job could have a REAL home for a family of four on his income alone. Then boomers ruined everything and, now, people look at this bullshit as 'good.'
Yes by 2024 standards it's 'good'. But that's like saying only being 400k in debt after cancer treatment is 'good'
I mean, if you're making $12 USD an hour, which is considered very low, then you're still only spending 28% monthly wages on the above example I gave, and you get to keep what you put in minus depreciation when you resell, sometimes at a profit. Like I said, it's way better than renting. Plus, these aren't trailer homes, they have an actual foundation and a connection to city sewer, so the probably don't depreciate very much if you take good care of it.
Yeah, the boomers fucked up the American Dream and now family homes aren't available to the majority, but the property in the image is not a bad deal at all and I stand by that opinion.
Yeah, but American homes are unsustainable in their sizes. What you're looking at there is already the norm in Japan. We don't need as much space as we use for single family houses in this country. Sure we have the space, but we also have a homelessness crisis. These tiny homes are a very good solution for that.
I will agree that $150,000 seems a bit higher than it should be, but depending on how close to San Antonio this is, that is fairly typical for a major city in pricing. If this is some suburb in the sticks, then yeah, they need to be asking around $75,000
Space isn't the issue here. We have more empty homes than we have homeless people.
Prices aren't astronomical because we're running out of space.
They are astronomical because we build too large. That accounts for the vast majority of home ownership cost increases. The average home size is up 230%+ from the 70s, or 300% per person.
This makes up the vast majority of the difference in prices seen since that time.
Other direct causes are that we add two or three car garages (30k+) and increased home construction standards ( which add cost up front but often save money long term).
When looking at a price per area, the price is almost static (after accounting for inflation).