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right, a place like that doesn't demand a high premium per sq ft. Compare that to nice areas that have a lot of higher pay work opportunities and you'll see much higher prices that are more "sticky" even in bad times.

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Thats starting point for 3 bedroom 1 or 2 bathrooms. Is that you pay for a starter home in Florida?

Lots of homes that are much more expensive at same bedroom and bathroom ratio depending on location.

You want anything bigger its going to cost starting 1.5 million+. For example my parents home is 4 bedrooms and 2 bathrooms and is worth 1.5 million and is 1800 sq ft.

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Yeah my home is more modest. 2k Sq ft 3/2.5. Mine was planned to be an investment till we leave the state. His was a status symbol

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Wow...regards offering to sell land on wallstreetbets...is this a real bearish sign ? Just saying

There isn't any info here, place, price, sq feet, bedrooms etc

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Accumulated them at an average of 0.18
Currently sitting at 0.01
There is huge volume on the Put Side at 50. So I have a hunch smths up there. SQ was sitting on the brink of collapse and highly volatile. Dat rally happened tho...
They´re going down the drain anyways. New to options and looking to learn. Whats my best play here from your perspective?

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It's a strange time we're in. The last time we spiked, you could sell high, rent for a reasonable rate and wait a year or two and get the house cheaper for close to same interest rate?

This time the homes seem to be coasting +/-, in some areas still going higher. The rentals are insane however and hard to come by.

Then it depends on the type of home too. In my area (NE) if you have a sort of typical 4/2.5 center hall colonial? it better be perfect, upgraded and priced well... sitting longer.

Have a one story ranch with open floor plan, no steps?... name your price. We just sold our parents house they bought in 2013 for $300K, single story 1800 sq ft +/-, open floor plan, max 2 steps at any entry. Sold for cash at $475, waived appraisal and we MISSED THE PEAK. They are so hard to find.

There's a silent shift/struggle of the 'sandwich' generation going on. The elderly are living longer, cost of care is CRAZY!! everyone is short staffed. People are looking for one story homes they can share with their parents, homes with in law potential or better yet apartments. Retirees, still independent elderly are looking for same.

We live in a raised ranch and are in our earlier 60s. Just having the half a staircase at a time to deal with makes me feel better. The cheapest raised ranch right now is $499K here (the larger ones).

If taking a risk in this market, I would suggest doing it with something like that. Maybe a livable fixer that can be updated with that in mind.

I don't know what the interest rates will do. The mortgage rates were at 6% in a assumable mortgage my parents got in the early 70s their house at that time cost $36,500. They sold it in '99 for $360K. They dealt in cash from there.

My first house in 1981 had a mort at 14.5%, a year later my brother got one at 18%. In 2000 with this house we started with 9,9%, it's been refinanced down to 3.6% over the years.

We've never LOST money on a house, but haven't been able to really hit the 'good' time to sell either.

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I own, the standard deduction is what I take, and my mortgage is so cheap I basically have to nix the deduction.

So, its kinda a yes and no answer to that. 390 sq ft 3300 a month, fuck that man. I have a 2800sq ft 5 bd 2.5 ba I pay $660 a month for mortgage, taxes and insurance add another $680 (yes, taxes and insurance are more than the house loan).

I'd leave that shit hole in a heartbeat with that kind of costs. You need to make 150k just to eat and shit in a hole basically.

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Yall with your outrageous electric costs. I'm over here on 3000 sq ft home using 120 a month in electricity during peak summer heat.

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from a price per square foot perspective $767/sq ft is like 2012 prices. condos in lower cost metros go for more at this point.

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Really depends on where you live...

I live off of under 150K a year but in a 8,000 sq ft house with new cars, boat, and 0 debt and a very good savings rate. (i make about 300K)

And I see friends who live in shoeboxes in California, Seattle, NY and couldn't survive on 250K a year, some spend 40k a year just in parking lol. fucking nuts.

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>I have a 2 bedroom house in the US and we use (2 of us living here) at MOST 300KWH a month during the very hottest/coldest part of the year.

And what part of the US are you in? Are your appliances all electric or split into gas for hot water heater and furnace?

I'm also in the U.S. with a 1400 sq ft home and we average ~1200 kWH/month in South Carolina which is the LOW end for this area.

Things vary significantly by region which is why the original commentor said to ignore people like us from the USA.

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That's what I hear a lot from small business owners who use SQ products.

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Because bitcoin sales skew SQ's revenue, it is best to look at gross profit to get a rough picture of how SQ is growing its sales. So far so good, in my opinion. Gross profit is at 5 billion for the trailing 12 months compared to 4.4 billion in 2021 and 2.7 billion in 2020.

SQ is currently unprofitable, but that's because they are heavily reinvesting back into the company. (1.7 billion spent on R&D for the trailing 12 months). They also have about 8 billion in cash, so I don't see them running short on funds anytime soon. I like what I see in SQ's financials. I think this company is undervalued at its current price given its potential.

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Honestly, some of this is on your land lord too. There is global energy crisis due to ripple effects of supply from Russia due to the Russia-Ukraine war, but weatherproofing a home properly makes a huge difference. Making sure windows are sealed properly, there is proper insulation, and any heating and cooling systems are functioning properly.

I just moved, and because it took us longer to find a new house than sell our old house, I'm in a short term apartment rental (U.S.) my first month electric bill on this 1,100 square foot apartment was $80 US dollars more than any month I lived in my old home which was a 3 level 3,000 Sq ft house. This means that the heating and AC units and water heater are not operating efficiently.

Talk to your land lord about any drafty areas of your home, and the efficiency of your heating and cooling systems. A lot of times in the US at least they aren't maintained properly, or they really need to be replaced, but owners patch work them.

When cool weather comes, bundle up instead of turning heat up higher, TV's and computers use a lot more electricity than light bulbs. Take shorter showers if your water heater is electric. Make sure you are using LED bulbs.

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I held sq for a small amount of time. Did well with it. I just find it hard to be long a jack doresy led company. The guy loves burning cash.

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Not trying to be dim—I think the key words are “attractive for housing.” Also there are plans to build jails in the city in places like Chinatown. Do those need windows and natural lighting?

Yes there are technical challenges to every possible repurpose, but it feels like every time this topic comes up, it framed as a discussion about bailing out bad investments. Maybe if a building isn’t feasible for business or residential use, it can be razed and rearchitected like New Yorkers did to put up the Garden or any of the new luxury monstrosities. If neighborhood protests about new developments are ignored anyway, might as well redevelop in the name of some good by building at reasonable heights that don’t require expensive poop pumping and widths that don’t require building right up to the edge of lot.

I used to live in an efficiency in NYC where we were crammed 8 to a floor in 4x 100 sq ft bedrooms. For the luxury of sharing a room, I paid $800/month after bending over for the broker. I’ve also lived where the building next door blocks all the windows in my bedroom because the building next door was built later and they didn’t give af about our building. Nobody asked me about the attractiveness of my housing.

The free market, Econ-bro way is to let demand fall or let the landowners fail. The left of center way is for the government to buy at distressed prices and to repurpose. So let it all crash or let the government do what we pay them for. Then someone can go in and rebuild something actually useful instead of these pretty lounges all over for Connecticut execs to call their offices.

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I just bought SE and SQ again yesterday. Glad I pulled the trigger lol.

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Bout 3 months. Decay is real. But ya I hold TQ to hedge my SQ

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My wife and I moved from a 1200 sq ft apartment to a 2500 sq ft home at the beginning of the pandemic. Now when I check our old complex, our floorplan is leasing for almost exactly our mortgage (a couple hundred less if you get a 14 month term, a couple hundred more for a 6 month term).

I know our house has extra costs and the apartment has extra amenities, but these last couple years have been insanity for rent prices. I don't know how anyone affords to live.

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You have dirt cheap rent. Rent in our area was $1500 for a 2x2. 2500 sq ft house is $2k/mo with a low rate.

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Same here went heavy into SQ, SOFI, and NET. I saw people getting downvoted for saying they bought stocks like that so I didnt post my buys but glad I bought.

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My SQ calls finna print

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1200 sq ft, $400 up from around $220, northern NJ

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750 July-Aug. 6 Window AC units maintaining 68-70 in a 1880s Victorian 4300 sq ft. MA south coast. Should be the peak considering a few of those days had movers going in and out with open doors during a heat wave.

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1800 sq ft in North Atlanta. Was $400 on July and Aug, just dropped to $345 for September. We’re first time homeowners and this shit is really is killing us on our savings.

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1200 sq ft. $385 in august was the highest. A little south of Atlanta. I had a stroke.

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What's your bill? 1850 SQ ft and our electricity was $120 for August. Under $50 the 2 months before that. I haven't noticed a huge difference but hear all about super high costs. Are these articles misleading?

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1800 sq ft is pretty big for someone making around 60k. Lower your expectations

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Finishing your basement will give you another floor of living space. If your main floor is 1000 sq ft, that’s like getting another 1000 sq ft. in your house. If that’s worth it to you, then any value added to the future sale of the house is incidental.

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The raw valuation numbers sure, but their trends are extremely accurate to local markets. They have a wealth of data to work with and are most peoples first “go to” to gauge interest. The analysis iterates with real sold for pricing and cost per sq. ft based on neighborhood demographics. The larger the city, and the “hotter,” the market, the more accurate the models are

It’s probably more accurate to say your perceptions of the market don’t align with zillows estimates. They work with a data driven approach and for trends they are accurate. There is a reason they are worth billions of dollars as a company. Of course any given house can vary because it’s impossible to know exact condition from pictures and data (I.e. things really only found during an inspection)

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Yes there are. Outside of major cities, Midwest states have started homes in the 200-300k. Problem is people want to live right next to the big cities but not directly right in them. Drive another 10-15 miles further out and prices plummet. My house I bought this past winter was 400k (4 bed 2 bath, 2100 sq ft) and if I was 15 minutes closer to the major city would have been 550-600k. The extra 30 minutes of driving a day is def worth that price reduction. We have a facility down south where comparable houses are 300-400k. Yeah metro area prices suck but when population density is high what do you expect?

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What's up with SQ? any news.

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Yes that is already included. Seller said that if he's not paying an agent, then he would do 400k.

Our Realtor said if we're selling our current home through her that she could write up this purchase for us as well I guess without cost.

Just checked redfin but no estimate listed. It does say hones are selling for average of 165/Sq ft in the neighborhood though. This house is 2600 sqft which would be 429k

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Oh man sorry about that. I assume you're just paying into that property or is the city paying it?

I'm in city of Torrance technically even though it's Redondo beach, trying to see how a tenant would be able to spend 5k on rent lol but for a 6k SQ ft lot

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What's wrong with SQ?

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Photos are key. When we bought our house, it was backup if the 3 other houses we were looking at fell through. Instead, when we looked at it, it rapidly became our dream home and we immediately put in an offer.

This was in late 2020 in the bay area where every decent house was selling for 20% over listing with 20 offers; we were the only bidder on the house and managed to knock 30k off the list price.

Sins:

  • The house was on the top of a hill, but there was no pictures of the view overlooking the hill. There are horses that graze on the hill and it is truly gorgeous. Really needed to capture that view.

  • Backyard was kinda weird; it's at the end of a cul-de-sac so there was 2 backyard sections with a narrow strip of grass connecting the two due to the corner of the house and the wall overlooking the hill being only 8 feet apart. They only had pictures of one section of the backyard, not both, so the lot looked a lot smaller than it really was. As a bonus, the other backyard section had 5 mature fruit trees (lemon, orange, nectarine, apple and peach. They also had pomegranate bush. The orange, lemons and pomegranates are fantastic).

Anyways, I'm super glad their realtor was subpar; every other comp we saw was either 1 less bedroom and 500 sq ft less, or 120-150k more.

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Hi thanks for responding. Ours is a large town spread across 5500 sq km with a population of 4.4M regular residents and a huge tourist spot too (we get around 4M tourists every year). The part of town where I see most potential has lots of working parents, nuclear families, migrant families, 3 largest schools of the town, it’s the official headquarter of the town. Since we have so many tourists, nearly every family has an alternate source of income (disposable income). This concept has not come up yet because locals in the town don’t have the right exposure to a facility like this and no one has thought of catering to local needs and focused mostly on the tourists. The town also lacks public spaces and parks in general which are safe for children.

As per census there are currently 50K+ children in the area. Out of which at least 10% come from wealthy households. If I do some rough math:

  1. Set up investment- around $50K
  2. Annual Rent- $6K (high from our country standards)
  3. Salaries And upkeep annual- $10K

I can charge $4 per child per hour as fee. Food and beverage will be charged on actuals.

Do you think it make sense? I’m worried coz the initial investment is huge but there is definitely potential because I’ve interviews around 35 young working parents and most common pain point was lack of safe spaces for children to play. Our town gets cold long winters so I considered an indoor play area.

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We live in a high COL area in southeast Florida. We closed on our new home in 2020, just as prices were ramping up. $269k for a 3 bed, 2 bath with a 3 car garage (2,996 sq ft).

We saved money for a down payment and chose a new house because we didn’t want to move into an older house and need to replace the a/c unit or roof in 5 years.

Saving for the down payment was all about living within our means. Pay down other debts. That’s all there is to it.

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Selling in Vermont. I purchased for 131k in 2009 3bd 1 bath @ 1024 sq feet and now selling for 200k. Cash out is about 120k before expenses. Zero profit after improvements - but I had a place to live!

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Don't buy the most expensive house you can afford. Buy the most comfortable house in the best location that you can afford on a single income.

It sounds like the big thing is you want a bigger house. I have 4k sq ft and it was a mistake. I'm going to try and turn it into rental space but for now it's just a pain in the ass to maintain and clean.

If you live in a super high cost of living area where you can't get decent houses for less than $350k, that's one thing. But if you can get decent homes in that range then it's not essential for them to be on the loan.

Also, in addition to a revolving credit line - if you get a house, and then put all the bills in her name, that will go a long way to build her credit score and you can add your name later on when you get married.

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I bagged SQ when put assigned 68 bucks a share lol..it is 55 now..I think it would take a while. Selling covered calls now

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I watched it with an open mind. An entertaining version of events to watch.

Got me back to thinking about it all more. Doesn’t hurt for the whole thing to be the squeakiest wheel in a million sq-ft fulfilment warehouse.

The rap/influencers I just wanted to mute.

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I sincerely doubt all of that lmfao. Just the fact that you're talking about a car... like thats an asset. Trust me just sold a 2014 AMG for pennies dummest shit I ever did. 😂 how many sq ft of commercial real estate you got? And you say nice house? Like you only got one 😂😂😂

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10 years ago, I lived in a 1k sq ft home. 2br, 2 ba. upgraded to 3 br, 2ba..2k sq ft. But it was hard to find, definitely not new.

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#Ban Bet Lost

/u/fortytree (1/7) made a bet that SQ would go to 60.0 when it was 54.9601 and it did not, so they were banned for a week.

Their record is now 1 wins and 7 losses


^LEADERBOARD - ^FAQ

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Gonna have to object boss. My house is a 3/2 and 1000 sq ft. All the homes on our street are pretty similar. You'd be surprised what you can squeeze in 1k SQ ft.

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In NYC lots of one bedrooms have 2000+ monthly condo fees and there's no way in hell you would spend that on monthly maintenance on 700 sq ft.

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Those are only new houses. The median size of a house sold in the US is still only 1700 sq ft.

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Man I’m glad we bought our 1200 sq ft 4 bed 2 bath home for $99k in 2016 before this all went batshit. It’s paid off now and we will probably stay until the actual collapse comes and there’s the possibility of moving to the country or something.

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In some US communities that is now almost the default. We bought a 3100 sq ft house earlier this year not because we had that as a particular requirement, but simply because it was the majority of the available market at the time and we were moving to a new area and had to get something.

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This is a good point. The house I grew up in was built in the late 1800s. The house I now own is nearly 1000 sq ft bigger, but buying less was barely even an option because everything smaller was old and in disrepair. Tbh it was almost cheaper to get the large newer build rather than a fixer-upper that I'd have to fight with to keep liveable.

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My 79-year old mom had to evacuate from Hurricane Ian and will probably come to live with us in CA for a few weeks, up to a few years. Her house may be destroyed or ok, but either way Sanibel Island will not be a pleasant place to live for years, unless you have a boat and like camping, since the causeway ( bridge ) was washed away in 3 places.

The good news is that I was able to convince her to evacuate the island in time ( 3 hours before the bridge went out ), but we are all dealing with the emotional trauma of losing access to Sanibel. It has been a refuge for my family for 30 years, and is now at least temporarily gone. My mom probably lost 400k of home value, and we are trying to figure out how we can comfortably here with 3 adults and 2 teenagers in an 1800 sq ft home. Definitely will have a negative impact on my FIRE plans.

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Tired of this point. The average lot size has shrank while the Sq footage increased. The land is the msit expensive part in high COL areas.

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The thing is, the 3k sq ft house in rural South Dakota (in a town with a terrible economy that is hemorrhaging jobs) that my parents bought for $105k in 1984 is now selling for nearly half a million dollars. Nobody who can afford that house wants to move to BFE SD, and nobody who lives there can afford that house. The house itself has barely changed since I grew up in it, so your theory is bullshit.

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Home sizes have tripled. My grandparents home was 1,000 sq ft, my parents first home was 1,000 sq ft. Most homes on Zillow are 3k+ sq ft. There are no starter homes, but many people won’t settle for less.

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You can now order a house (some assembly required) from Home Depot.

https://www.homedepot.com/p/The-Bungalow-Loft-2-Bedrooms-2-Bathrooms-1022-sq-ft-Tiny-Home-Steel-Frame-Building-Kit-ADU-Home-BGL2B2B1016/321386770

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idk what he means by "primary stock listings", but based on a quick stock screener i'd bet these are on the list:

snow, uber, shop, sq, cpng, se, rivn, nio, lcid, rblx, dash, net, snap, twlo, plug, sgen, pltr, bill, trip,

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I am still dreaming. I bought I home in 2005 when I was 23. 1100 sq ft fixer upper. Weird ass house but I thought I could do the thing where you buy a house, keep it for a few years, then resell for higher value to trade up to a better home. Then the recession happened and also my house just does not value well, even 17 years later due to its size and weirdness. It has only increased in value but $50k since I bought it despite spending $100k over time to upgrade it over that time period. Now I am basically priced out of any other home I want to buy, because I don’t have adequate downpayment on my own and not even when selling my house.

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That sounds like my dream home. 4 bedroom about 1500-2000 sq ft. Right now we’re in a 2 bedroom about 1000 sq ft. We’re better off than a lot of people given the circumstances, but hopefully in another 3-5 years we’ll be able to upsize

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This is ridiculous. People need to stop coming up with excuses to not be in a better position themselves. I am a millennial and live in a large city in a 3100 sq ft home. I’m not the only one. Majority of my friends do as well. I’m not saying we all have the same opportunity, but with hard work and smart financial decisions, majority of “millennials” could have their so called “Home of their Dreams”.

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These articles are so full of shit, I know plenty of middle class millennials who have their dream homes.

At no point did everyone in a generation get a dream home. That’s a fantasy.

A lower percentage of millennials than Gen X? Okay, sure, but millions of millennials absolutely will own their dream home.

And I hate to break it to people, but most of Gen X will never own a dream home, most Boomers never owned a dream home, and most of the Greatest Generation never owned a dream home.

Look at the basic houses from the 50s. I live next to thousands of them. They are 750-800 sq ft tiny homes meant to be affordable. My boomer mom grew up in one of these tiny homes and shared a bedroom with 2 sisters. Most of her friends did too. They sure as shit didn’t have a 3000 square foot, 4 bed 3-1/2 bath, 2 car garage, great room, bonus room, walk in closets, full finished basement house like my millennial sister has.

Dream homes have always been for the few. There aren’t enough of them for everyone.

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I bought SQ in 2018 for 39$ a share - was up since then. But you know... SQ was 300$ not too long ago and now it is around 50$

I am not technically down, but I feel like I am down more than 60% :)

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1 million dollars in 40 years will probably be just enough to buy a 1 bedroom, 1 bathroom, 500 sq ft apartment in a rural town.

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What I'm personally seeing (South San Jose, CA) is most of the demand at a lower price range. Larger, more expensive properties are dropping rapidly in price, but as soon as any property drops below 1.1mil, it's gone.

So whereas at the peak of the bubble, I was seeing a lot of 1100 sq ft houses at 1.1mil, now there are zero 1100 sq ft houses available, but a lot of 1400-1600 sq ft houses available at 1.2mil (previously 1.4mil).

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I made a really bad play with SQ at the beginning of the year. I'm definitely down over 60% even after averaging down a bit. I'm holding out hope it'll climb back over $100 in the next few years but who knows.

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Legit companies down 80+%: Z , W, ZM, SQ...what other come to mind?

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The cost basis on some of Kathie Woods top holdings is pretty amazing. ZM 278, ROKU 243. TDOC 163. SQ 134. TWLO 270. etc etc

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  • aapl, amzn, googl, meta, msft, tsla
  • amd, intc, nvda, dis, nflx, pypl, sq

what all would you keep dcaing from these 13 and hold for long term now.

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I feel the exact way you do. It shouldn’t be surprised we have these kinds of people. Every day there are the same ridiculous posts like “Why is the market red today” or “why is the market green today” or “where do you think the market will be at in x amount of time”. Comments back months ago recommending people to buy stocks like NIO, NVDA, SQ, PLUG, etc. super hyped up companies. Your still seeing posts now of people recommending stocks like NVDA, COST, etc meaning we still got the same people in. I don’t think we have very long though. If the market keeps dropping a bit more I feel like these people will be pushed out soon which is what I am hoping for.

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speculative. that's why I put water money into it, least of all positions. But if they will be around, the return rate will be higher than other fintechs like SQ or SOFI.

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Yes this. Even when we had a condo and paid HOA, our total monthly spend on housing was not more than renting this equivalent. And then we sold the condo and experienced the joys of equity. Rolled it into a row house now and are paying probably 25% less than we'd otherwise pay in rent for equivalent or worse row house in our neighborhood.

Not sure what this meme vilifies folks like us. We never thought we'd be able to afford a row house in this city, but slowly, bit by bit, we did it. And step 1 was finding some way to stop renting and buy something in a good neighborhood, with a great location so we could minimize down side risk and hope to maybe gain some value. We bought probably the smallest condo in our old neighborhood in order to do that. We could have got more for our money elsewhere, but sq ft per $ is only one factor amongst many we were balancing. Similar thought process was applied to our row house. It's not rocket surgery. And it's not unachievable. It's just nowhere near as easy as it was for prior generations

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I pay $995 per month for 321 sq ft.

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Haha

300 Sq ft is 1200 minimum here.

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I have to ask, are PYPL and SQ a steal at these prices or is it possible to get PayPal at 50

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Real value of SQ? I know Cathie is a tard

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Work full time on your job, keep your wife safe and secure in that decision.

You have not earned the right to do anything less yet.

I was in your position 15-17 years ago. 3 young children, pregnant wife. Started a side gig in debt settlement that was doing well, investors wanted to turn it into a title loan business and pulled all funding. I was left holding all the debts I racked up building it. I might have Bern able to save things, knowing what I know now from a decade plus of real experiences. I was to determined to make it, heck we had traction.....we list our home and most of our things. We lost a car, and spent Christmas at the Dallas Life Foundation. 6 months of living in a garage with nothing to recovery even a bit. My children never looked at me the same and the marriage was a dead man walking. It took many years just to stabilize life.

That was my 3rd business attempt, I had 2 more in the years following. The 6th I'm currently running and I've made it by all measurable metrics. My divorce started in 2016, ended 2022, cost me $189k in specialists, lawyers, counselors, physicians.....I have custody, but have not seen my oldest 3 children (of 6 from that marriage) since mid 2016. I'm not even sure what my daughters look like anymore. 😕

Here is they only path you should take.

Work full-time and do so until it's silly for you to continue because your disposable income is falling out of your pockets.

Care for your family full-time. Here is the key. At night after work, you do family 100%. Don't bring shit home from work, don't think about your side hustle. Dinner, baths, kids stories, bed time, happy, and do 100% whatever your wife wants to do. Hint she wants YOU to listen, so don't talk about you or try to fix things. If she wants to watch Call the Midwife or some other favorite show if hers, pop the pop corn. Wives are reasonable in most cases, and when she goes to bed.. .10:30-11pm (?) You go to. Rub her back, allow her to fall asleep. No rush, relax, this is still her time.

Then you get your lazy ass up, I know it's a shit sandwich, time to take a bigger bite. THIS is how you build discipline.

Work your ass off on your "business", make 5 item lists (POWER LIST MFCEO PROJECT).

action only, no Reddit or bullshit. If you cheat here you fail. THIS is how you build character.

Set your day up before you go to sleep.

Get up EARLY 4am-5am? Do something (action) for your business. I spent these hours picking and packaging hundreds of orders everyday for years. 6am I was cold calling east coast shops and sending quotes via email. (It's 7 am there). At 7 am I'm driving to work for 45 min. I'm listening to MFCEO PROJECT, Ed Mylett, How I Built This, Zero to One, Your A Badass At Making Money, Jim Rihn, Les Brown....or doing call backs.

Work your job 100% no business shit.

Lunch 1 hour? Go sit in your car or somewhere close and eat the sandwich you packed because you don't have any fucking money to eat out. No sandwich, drink water and happily fast, knowing your wife gets to eat.

Lunch break- setup your night work, make sakes call, code, ship, outdoor sales, dig leads, pod cast....action.

Work 100% no business

After work....podcast, audio book in car, or call backs.

Rinse repeat for 5 years minimum. NO PAY FROM BUSINESS! Every cent is reinvested plus anything you can squeeze from your shitty budget without taking food from kids or wife. Fuck birthdays snd Christmas they don't count while building....get poor creative.

I did this for years with my business, wife is on same page because of her time and kids were done right.

It sucked balls! Almost list our home a few times, ate at food banks more that grocery stores for 4 of those years. Birthdays were a cheap ho evade gluten-free cake with reused candles and a hug. Christmas was homemade gifts and volunteering at the food bank that we ate from.

2021 we did $22M revenue with most if that as profit. 2022 we just cleared $27M revenue and broke our 23 consecutive quarters records in every categorythat counts.

We did not take money from the business until the CPA/LLM said we fucking had to or the IRS is gonna come knocking.

We sold our home in Feb 22 and downsized from 4bd/3bath 3300 sq ft. home (the 4 kids and my wife/I )into a 44' 5th wheel camper. We paid off all debts and invested the $200k profit into inventory. This kids think we are still broke, but birthdays are now $25 each, Christmas is $150 each.

We have multiple (more) passive income streams bringing in 6 figures between them.

We live frugal so that we can now hit our goal of $1B.

Discipline Character Aggressive Patience

Go do it and know it's gonna suck. Don't allow your bitch voice ruin you by making you thing you deserve anything. You have never done anything of worth yet, eat the shit sandwich 🥪 and know that you will be required to take a bigger bite everyday.

It's worth it if you make it. I won't be here to congratulate you though because I'm going to the Billions.

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I have elementary school aged kids, and I recently redesigned the website of one of Canada largest independent toy stores. So I think I have some anecdotal evidence.

Classic kids toys are still as popular as ever, my boys still love playing with LEGO, Pokémon cards, Beyblades, etc and every time I would visit my client and his store(nearly 20,000 sq ft) it was always packed and business appears to be booming.

If I let my my children sit and stare at their iPads all day. I’m sure they would, but we’ve made it a habit to actually play and do normal kid shit. Most parents are just lazy and happy to let the iPad or video games raise their children. But I know there is still lots of parents out there raising kids that are still somewhat disconnected from electronics.

What seems to be happening is that online marketplaces like Amazon have decreased foot traffic and profit margins significantly, and a lot of stores struggled with their bottom line and failed to pivot to stay competitive. Not to mention that lots of toys have become ridiculously expensive and unaffordable for the average family.

Also, it seems the average kid will lose interest in classic toys at a younger age. When I was a kid I played with LEGO and action figures until I was 12/13. Now many kids seem to be addicted to their iPads by the time they are 7/8 so they have a shorter consumer life.

Finally, a parent can by an iPad once, and the kids can download games forever. With other classic toys, like LEGO, Pokémon, etc parents need to continually buy new toys and the most expensive and coolest things. with the iPad, little Billy can just download the new version of Roblox and has weeks of entertainment for no additional cost.

It’s early and I’m still in bed typing this, so probably could make my point better but the TLDR; toys and toy stores aren’t going anywhere yet. But maybe profit margins will continue to slide, and kids will lose interest in classic toys at an earlier age but never fully replace classic toys.

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lol suburban midwest is where its at!

We're building a 3,000 sq foot home, 3 car garage, large yard, and all kinds of upgrades for less than 360.

360 won't buy you a dumpster in most places

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Literally what I signed for this past week. 700+ sq ft 1 bedroom, 950, water paid for but figure electricity, Internet, groceries, other bills etc..well over a grand a month.

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These europoors live in a 200 sq ft flat and can’t afford a dishwasher. Of course it’s going to dump. The real img come online at 4am.

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Ya my parents said the same thing. As they built a 4 bedroom two bath 2600 sq foot home for 66k

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My house, 2/1 and only 744 sq foot, was built in 1955. Now, because of regulations here...the minimum is about 2,500 sq ft. My house is a perfect starter home...but you couldn't even build it here today.

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2.75%/$190k for a house we had built in 2018. 3 bed 2 bath 1,500 sq ft in a growing part of town and one of the best school districts in the state. We're stuck here forever lol.

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4.5 at $570!

Can afford what I bought & love every sq ft so whats to dislike?

Will obv refinance if able

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A mortgage should be less than anyones rent. I went from a two bedroom 1200 so ft apartment to a 2200 sq ft four bedroom house with 2 car garage and finished basement for $1100/mo and that’s with a 10% down payment.
If I were to rent out my house I wouldn’t do it for any less than $1900/mo.

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I make 23/hr.... I'm in a 550 sq ft 1 bedroom for 730/month...

I'm not struggling but damn does it take 40% of my takehome...

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Mortgages have been cheaper than rent for decades...unless you're trying to get that 5,000 sq foot Mcmansion with ALL the amenities. We bought our house, 30 year fixed rate at 7% over 20 years ago. Our payment on a 744 sq foot house, 2 bed, I bath...was $965 a.month We refinanced down to 3.25% about 6 years ago....now our payment is $765 a month. On average, a one bed apt rents for about twice that much here.

The best part? We never took any equity out...our house, on the lower end of the market here....is worth about 4x what we bought it for.

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I thought we were fucked in 2020 when smooth brain tards told me inflation wasn’t real. I knew we were fucked in 2021 when I realized I couldn’t afford a nice house in a LCOL area on 98k post tax.(I could but it would leave basically nothing for investments.

My supervisor making 190k living in a McMansion was paying less for 3500 sq ft with heated pool than what my 1 br 840 soft apartment cost.

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Idk if the market tanks, I think a lot of people will either convert their AirBnb to a long term rental or lose their shirts. Tourism will drop off as discretionary income drops off and a bunch of people who bought second properties banking on short term rental dollars will be left holding the bag. If they can’t weather up to two bad tourism seasons, they may be in for a rough spell. Tack that on to areas starting to regulate short term rentals and I’d be sweating if I owned one of those right now.

I agree that nothing will change in the overall housing market until zoning regulations are changed and more starter homes and 5 over 1s are built.

I’m just excited to see all the empty nesters in their 3,500+ square foot mansions that haven’t been updated since they were built in the 90s realize there’s no market to sell to and the market for nicely finished, efficient, 1200 sq/fr single level homes is stupid when they try to downsize. NIMBY is going to bite people in the face.

I have a feeling that for those types of small single level homes and especially condos in areas with easy access to healthcare will retain their values through the crisis as older people on fixed incomes panic and downsize.

My doomsday prediction:

The overall market is just waiting for a triggering event. Large retailers are extending their fall sales to offload inventory for as much as they can get. My bet is that Black Friday sales and Q4 sales fall well below expectations and interest rates continue to rise. Retailers will be left holding warehouses of last year’s inventory. Energy prices in the winter will really hurt a lot of people - gas prices will see a small decline as they switch to the winter blend, but then continue to rise. People will stop spending when winter hits. Holiday travel won’t meet expectations. Student loans will actually start coming due in January. 401k contributions will decline as people get tired of losing money/ get laid off. Markets will continue to drop more rapidly. Talks of industry bailouts will begin. Government building projects hiring people to build housing will begin. Fed can’t offload investments in the market because the market has bottomed out. Fed is forced to continue expanding the balance sheet and continues to prop up the markets. Worst case scenario.

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We've been thinking seriously about moving. Not far but just into something a little bit bigger than our 850 sq foot home. But given the insane prices of stuff around us and the current interest rates, I think we'll stay put for a while.

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This is the real problem. Average home size in 1980 was 1750 SQ ft. Average home size in 2015 was 2650 SQ ft. That's one of the many reasons housing prices are up. That, and easy access to money does a pretty good job at driving up prices.

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This!! Checked out a place for rent last month. It’s a 40 minute drive to my job they wanted $1600 for 2br 1bth I can’t remember the sq ft honestly was spacious still pricey but wanted to give it a shoot. There were several large chunks missing from the tile floor. Most of the corners on the kitchen counters were broken off the stove looked like it belonged in the 50s really gross stains all over the bathroom sink and floor but was a ready move in landlord told us they could fix the floor but they’d raise the rent to $1700 I said no thanks

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No thanks. I know how to save don’t need advice from a stranger. My point that everyone who wants to think they are commenting something smart is there’s no reason rent for a studio that’s under 400 sq ft should be 1600 at the lowest. It’s greed that’s dividing everything and companies who can well afford to pay livable wages refuse to. There’s nothing wrong with working a minimum wage job but it doesn’t mean people should get paid the lowest possible. It’s still a skilled job. People aren’t understanding that there’s no money to save. You can save and save and invest all you want but it’s not changing anything. Not everyone has the luxury to even spare a small amount to invest. If you do great but don’t assume everyone else can afford that same luxury especially if you live in an inexpensive state

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Homes aren’t designed for one person to live in or own, they’re ideal for couples who want a family. A one room apartment will do you just fine. Don’t mistake necessities for luxuries.

You need a roof over your head not a 3000 sq. ft home.

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Bought a 3/2 1350 sq. ft. house in Austin in 2004 for $115,000 at 2%. Did a bunch of work on it. Sold it in 2018 for $315,000. Decent increase in price. Bought a larger 4/3 2500 sq. ft. for $350,000 at 3% in 2018, did a bunch of work on it. It's now worth $800,000. The housing market is nuts. Fully expect it to collapse again.

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Problem is inflation has hit the materials and labor market super hard. So building new construction will often come at a higher cost than even the highest priced rents today (per sq ft).

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I had to research. My apartment I lived in 15 years ago was just hitting $900 a month for a 2 bed, 1 bath 880 sq ft apartment. When I moved in a couple years before, it was like $770 a month. Now, that same place is 'starting at' $2000 a month. More than doubled in 15 years. Salaries sure haven't.

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Where do you live that rent for a 700 Sq ft apartment is only ~1k/mo? That's dirt cheap compared to where I am

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