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Thing that I realized about thr housing market
Poast new message in this thread
Date: November 16th, 2025 7:14 AM Author: Concupiscible field regret UMC people are basically maxing out what they can pay just like MC people have for years.
Saw a house recently in a mid sized Southern city. Nice but not grand or luxurious, 4k square feet, 4 bedrooms, etc. It is for sale for $1.6 million. This is in a city that's a regional center of commerce but doesn't have some booming economy producing a bunch of high earners. Somewhere like Huntsville, AL or Little Rock, AR. Who the fuck is paying 1.6 mil for this house?
Basically, UMC people are shackling themselves to huge mortgages that take 40% of their income, the max that banks will lend, like MC people starting out and buying a shitbox. Payments might be 80-100k a year, and some couple making 250k will jump on the deal. |
Date: November 16th, 2025 7:25 AM Author: At-the-ready Scarlet Pistol Heaven They aren’t upper middle class. The price of building supplies is up 200+% since 2015. Labor cost is up 40% in 5 years and that’s assuming you can even find semiskilled labor. We stuccoed one of my mom’s Brooklyn properties recently and had to wait almost 2 months for the stucco guy to get around to showing up. They have a 2 month waitlist for stucco. The cheapest CHEAPEST above-builder grade interior door is now $750. An actual good interior door is $2k per door. Everyone is really just poor because the dollar is toilet paper and your brain just hasn’t adjusted to that fact. Building 2400sq feet to a decent spec in Brooklyn now (where my family actually does this on scale) is a $625-650k commitment just for the buildout. That dirt will cost you a million three to two million on top. 4k square feet built to a good spec middle of nowhere is still likely 800k of work plus whatever the land cost. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435055) |
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Date: November 16th, 2025 7:31 AM Author: bateful cocky location how cna this be? your fancey? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435058) |
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Date: November 16th, 2025 7:35 AM Author: At-the-ready Scarlet Pistol Heaven I am rather mediocre. My brother is fancy. He’s has 4x more money than me and has a house so big that he has an outdoor pool in Brooklyn. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435059) |
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Date: November 16th, 2025 7:37 AM Author: bateful cocky location how is he so wealthy? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435060) |
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Date: November 16th, 2025 7:44 AM Author: At-the-ready Scarlet Pistol Heaven My dad was a right and proper Soviet engineer and started a business designing and building assembly lines mostly for food services type businesses. He died and my brother took it over. If you have ever bought processed piece of shit baked good in the last thirty years decent chance my family likely designed the conveyor belt system it came off of. He bought my mother out and she used her chunk of change to build a small real estate empire because she did not have the skill set to contribute anything to running my dad’s business but can manage rental properties just fine. My brother now does a little bit of everything and sold off a solid chunk of the engineering business to Chinese bros who have a bigger business in China and he now partly just plays with his cars all day and goes to the gym a lot and he’s only 39. I’m the fuckup who went to law school and can’t code or build anything. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435072) |
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Date: November 16th, 2025 7:52 AM Author: bateful cocky location so what did your brother do to enable him take over conveyor belt business? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435083) |
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Date: November 16th, 2025 8:04 AM Author: comical self-centered associate gaming laptop Engineering, champ. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435093) |
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Date: November 16th, 2025 8:07 AM Author: bateful cocky location so theres no off the shelf solutions for conveyor belts? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435098) |
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Date: November 16th, 2025 8:15 AM Author: At-the-ready Scarlet Pistol Heaven We are your off the shelf solution my nigger. Every production line is bespoke even if the core components are commodity items sourced from China. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435105) |
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Date: November 16th, 2025 8:16 AM Author: bateful cocky location Yer got raped by your bro who will got lion share of your inheritance and u defend him by insult me? Faggot (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435107) |
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Date: November 16th, 2025 8:22 AM Author: At-the-ready Scarlet Pistol Heaven My dad wasn’t a particularly great business man. He did well but my brother grew shit 10x. He deserves what he has. And it’s my fault I wasn’t part of the growth because I had no faith in him and thought the whole business was not scalable. I have no beef. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435118) |
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Date: November 16th, 2025 8:24 AM Author: bateful cocky location you have a enemy at home for everything that could and shoudl be yours and your fighting with me? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435124) |
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Date: November 16th, 2025 7:29 AM Author: At-the-ready Scarlet Pistol Heaven $250k a year for starters is not upper middle class anymore. It’s middle middle class. Guys doing day labor make $90k a year in cash ($350 a day is the going rate). A $250k household income is a husband in the trades and a wife doing occupational therapy or something gay like that. It’s not upper middle anything. Upper middle is a doctor-lawyer couple making $800k. They can afford the $1.6 million. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435057) |
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Date: November 16th, 2025 7:42 AM Author: massive odious french chef hunting ground Agreed. So many “professionals” have fallen out of UMC it is shocking. This includes my wife and I. Together we may have cracked $300k once in our lifetimes. We are just falling further and further behind. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435069) |
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Date: November 16th, 2025 7:54 AM Author: ebony lascivious boiling water brethren I'm going to beat you to death with a baseball bat on live television (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435086) |
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Date: November 16th, 2025 8:29 AM Author: massive odious french chef hunting ground Why? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435132) |
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Date: November 16th, 2025 8:38 AM Author: Shaky flatulent generalized bond native Where you wrote "includes my wife and I" it should be "includes my wife and me."
You lack cognitive capacity to even figure out simple English grammar yet you feel entitled to be UMC ljl |
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Date: November 16th, 2025 8:42 AM Author: know-it-all round eye (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435146) |
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Date: November 16th, 2025 12:02 PM Author: Saffron thriller old irish cottage this is actually what roman amphitheaters were for. to beat to death local disco friess. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435480) |
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Date: November 16th, 2025 12:38 PM Author: ebony lascivious boiling water brethren (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435560) |
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Date: November 16th, 2025 8:40 AM Author: Concupiscible field regret 250k in a city like that is UMC. But maybe I'm wrong. Maybe the target buyer has a household income of 400k. They're still spending 25% of their income on housing. Those guardrails used to be for middle class people buying shitboxes in cookie cutter developments. UMC had the privilege of making enough that housing costs didn't dominate their lives. Now that's gone. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435144) |
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Date: November 16th, 2025 8:47 AM Author: At-the-ready Scarlet Pistol Heaven 400k is two mid level accountants. It’s not UMC. Maybe at $500k you can start calling it UMC. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435154) |
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Date: November 16th, 2025 9:08 AM Author: Wine Greedy Church Personal Credit Line I know a combined $325,000 couple that bought a $850,000 home in the past couple years at a 7.5% rate. $850,000 is modest for a family home in our metro. They are struggling now. They owe $4,500/month. Haven't taken a leisure vacation in several years. One job loss or illness would make everything impossible. The wife -- the one who I am friends with -- asked me if she could borrow cash in a joking/not-joking way. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435171) |
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Date: November 16th, 2025 9:28 AM Author: Concupiscible field regret Exactly what I'm talking about. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435195) |
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Date: November 16th, 2025 9:37 AM Author: Excitant center codepig how are they struggling, that's ~$20k after tax income per month. multiple kids, maxing retirement accounts, big car payments, etc? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435207) |
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Date: November 16th, 2025 9:50 AM Author: Shaky flatulent generalized bond native (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435226) |
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Date: November 16th, 2025 9:53 AM Author: magenta site coffee pot cause these benchods pay 5k a month for childcare or shitloads for private schools and then 4k for health premiums and then 10k at costco
see e.g. discofries |
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Date: November 16th, 2025 10:02 AM Author: Shaky flatulent generalized bond native (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435249) |
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Date: November 16th, 2025 11:04 AM Author: Wine Greedy Church Personal Credit Line 17K/mo where they live. Three kids. Healthcare bills. Taxes on the house. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435376) |
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Date: November 16th, 2025 2:55 PM Author: Shaky flatulent generalized bond native Lol (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435891) |
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Date: November 16th, 2025 11:39 AM Author: Impressive hissy fit theatre what's she going to do to repay you? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435425) |
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Date: November 16th, 2025 12:36 PM Author: misanthropic carmine roast beef police squad Perhaps you can work out an arrangement (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435556) |
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Date: November 16th, 2025 2:01 PM Author: opaque property patrolman She could use her body as collateral. You might put a lien of ejaculate deep inside her asshole? (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435803) |
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Date: November 16th, 2025 11:00 AM Author: umber step-uncle's house The data backs up OP’s claim. We’re at or near record highs for median price to median income ratio but the prevalence of no-money down mortgages is nowhere near where it was last time the ratio was this high. At the same time mortgage balances are record highs. So we are probably seeing lots of UMC’s and rich people putting everything into their house downpayment to make a traditional mortgage work. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435369) |
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Date: November 16th, 2025 12:26 PM Author: At-the-ready Scarlet Pistol Heaven There is no way to build a 3500-4000 sq foot house that isn’t built with Section 8 grade fixtures without being into it to 750k all in. That means at a minimum the developer is going to ask 1.2 million for it and this assumes the guy paid like $100k-200k for the lot. Go up from there based on the price of the lot. The government devalued the currency and everyone is poor. That’s why housing costs what it costs. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49435531) |
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Date: November 16th, 2025 5:17 PM Author: Concupiscible field regret Fair point. But part of the reason why building products cost so much is that UMCmos are willing to pay so much for them. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49436217) |
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Date: November 16th, 2025 1:13 PM Author: comical self-centered associate gaming laptop OP, the people who own that house could've bought it in the 2010s or 2020 for like 880k or something. It's also possible that it could sit on the market for a long, long time. Their payment could be under $4k easily, maybe under $3k if they had equity in a prior residence.
$880,000 at 2.5% (30-year, 0 down). Monthly payment: ≈ $3,477
$1,600,000 at 5.5% (30-year, 0 down). Monthly payment: ≈ $9,085
Update us if/when it Sells |
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Date: November 16th, 2025 5:18 PM Author: Concupiscible field regret I'll try to keep an eye on it. Not my hometown. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49436219) |
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Date: November 16th, 2025 5:38 PM Author: Arousing Sneaky Criminal Im gay (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49436295) |
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Date: November 23rd, 2025 3:33 PM Author: Elite Parlour Candlestick Maker Was just thinking this (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49454342) |
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Date: November 23rd, 2025 3:28 PM Author: Concupiscible field regret Update: it went under contract. (http://www.autoadmit.com/thread.php?thread_id=5798753&forum_id=2:#49454334) |