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Apr 24, 2024
10:02
:00
am
SLC-Durham
Contributor
My 1050 Sq ft home in Kaysville sold for 435K on .25acres
Boomers are always saying this but even small homes are insane.
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SLC-Durham
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SLC-Durham
Joined
Jan 25, 2023
Last login
May 5, 2024
Total posts
537 (7 FO)
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Messages
Author
Time
$133,886
rad dawg
Apr 24, 9:50am
TNT is so grateful he moved away from there
TNT
Apr 24, 9:51am
Not as grateful as a lot of us.
Gunga Galunga
Apr 24, 9:52am
RE: Not as grateful as a lot of us.
TNT
Apr 24, 9:53am
It's pretty wild watching it unfold from afar.
rad dawg
Apr 24, 9:53am
Isn't the avg household income like $80k in Utah?
Cougar TD
Apr 24, 9:52am
There are probably many young people living in apartments
Belboz
Apr 24, 9:55am
I should clarify. Housing is too expensive, but incomes of young people increase
Belboz
Apr 24, 9:57am
Even higher income requirements for tithe payers.
Zach Morris
Apr 24, 9:56am
Earning a bunch of money and spending it on rent doesn't qualify as "increase"
dYrtbYkerYder
Apr 24, 10:06am
So your net calculation includes subtraction of housing costs?
YIsForBrigham
Apr 24, 10:17am
I know several people who take that position.
Ozymandias
Apr 24, 10:36am
I wouldn't if I were paying rent. I don't pay tithing on money we pay to nannies
dYrtbYkerYder
Apr 24, 11:12am
Do you pay tithing on money you pay for restaurants, doctors, uber, flights, etc?
YIsForBrigham
Apr 24, 11:14am
Do you pay tithing on the portion of health insurance your employer pays? How
Ozymandias
Apr 24, 11:29am
I know a person who subtracts medical expenses from income.
dratax
Apr 24, 12:15pm
Maybe people who make less than that should get a smaller home then?
ochobeeguy
Apr 24, 9:56am
It's Utah. The smallest home is 4000 sq ft
TNT
Apr 24, 9:58am
That's a lot of cardboard...
enigomo
Apr 24, 10:01am
And the corrugated is even more. Ugh. What a mess
TNT
Apr 24, 10:02am
You haven't been to Herriman…
ochobeeguy
Apr 24, 10:02am
My 1050 Sq ft home in Kaysville sold for 435K on .25acres
SLC-Durham
Apr 24, 10:02am
That's insane.
2FarGone
Apr 24, 10:04am
I'd have killed for a .25 acre starter home 10 years ago
vagabonder
Apr 24, 10:08am
RE: I'd have killed for a .25 acre starter home 10 years ago
Belboz
Apr 24, 10:10am
The problem being the amount of available homes that cost less than the median
vagabonder
Apr 24, 10:06am
Knowledge on this issue isn't an area of strength for you, we can conclude
Mitty
Apr 24, 10:40am
You seem like someone who's greatest financial accomplishment...
Shore10
Apr 25, 1:39pm
Whats the median home price for Northern Utah?
OmahaOmaha
Apr 24, 9:56am
It’s ok though everyone should just have more kids anyway
DKN
Apr 24, 9:57am
RE: It’s ok though everyone should just have more kids anyway
Bar7h
Apr 24, 10:10am
The 28% figure is a little antiquated
CougarGregor
Apr 24, 9:58am
Will be higher going forward
TNT
Apr 24, 9:58am
If that is the case, we are screwed.
2FarGone
Apr 24, 10:02am
Board name checks out
CougarScrub
Apr 25, 8:41am
With rising costs of everything that figure is probably more relevant than ever
SLC-Durham
Apr 24, 10:08am
And are house poor
Himni
Apr 24, 10:39am
With FHA/VA financing options, typical down payments can be much less than 20%.
LifeLongLakerFan
Apr 24, 9:59am
I was able to get a conventional with only 5% down
BlueKoolaid13
Apr 24, 10:08am
It's okay for dual income households. It's terrible for everyone else.
Belboz
Apr 24, 9:59am
RE: It's okay for dual income households. It's terrible for everyone else.
Division Bell
Apr 24, 10:00am
Hey like Three's Company
TNT
Apr 24, 10:01am
find two chicks living together and crash in their bathtub one night
Belboz
Apr 24, 10:01am
Seems pretty expensive everywhere except the Midwest. I don't like it but it isn't just Utah. If you want to live
Bar7h
Apr 24, 10:03am
The Southeast is also cheap and it's much nicer than the Midwest.
dYrtbYkerYder
Apr 24, 10:07am
El Paso area looks great. Homes are like half of Utah's prices.
BlueFever
Apr 24, 10:12am
And they all have bars on their windows
WorfoSAUR
Apr 24, 10:19am
There have to be decent areas that still have good prices for homes.
BlueFever
Apr 24, 10:34am
People who say this are not doing their due diligence.
rad dawg
Apr 24, 12:46pm
While it isn’t just Utah, it is a disproportionate problem with Utah when considering several factors like median income
Zach Morris
Apr 24, 10:11am
You summarized that well
TNT
Apr 24, 10:22am
I agree that it's worse in Utah. I've been trying to talk my wife into moving to MT, ID, or WY for years. I browse
Bar7h
Apr 24, 10:37am
I agree with you but think about how crazy that sounds.
rad dawg
Apr 24, 10:15am
Utah is getting worse than anywhere in terms of speed of price hikes, leading
Mitty
Apr 24, 10:43am
And rent for your average 2-3 bedroom place is around 2k
Elrond Hubbard
Apr 24, 10:08am
I'm renting a townhouse right now
WorfoSAUR
Apr 24, 10:28am
The younger generations will need to move to Iowa or Alabama.
2FarGone
Apr 24, 10:09am
Sure if you can maintain a high income there.
rad dawg
Apr 24, 10:21am
Commerce will increase in those areas as population shifts happen
kotacoug
Apr 24, 10:32am
Then prices go up.
rad dawg
Apr 24, 11:06am
Alabama is awesome.
dYrtbYkerYder
Apr 24, 10:31am
North Alabama is a great place for young LDS families
YIsForBrigham
Apr 24, 10:38am
dang
Avery
Apr 24, 10:12am
Just heard of a 1200SF home on Coronado Island (San Diego) renting for $8k/month
Mitty
Apr 24, 10:44am
The home we bought in NC: $275K, little over 2K Sq ft, and on 1.15 arces lot
ral1988
Apr 24, 11:05am
It's going to get a lot worse.
Shore10
Apr 24, 1:09pm
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