And then they be bought by wall st at higher prices than anyone else can afford :doomjak:
Starter home.
Just how rich were people back then that they could casually buy more than one house in their lifetime, even with selling their old one?
i'm like 40 and it blows my mind when people still use this language. like, i get it when realtors use it, because they are just trying to make a sale and getting on the property ladder is a big inducement.
but when people say it, it feels surreal. like if somebody were to pull out a bag of McDonald's in a meeting and say, unironically, "I'm lovin' it." or slap their car and say, "Top Ranked Minivan."
...
i heard that back in the--for real--days of union workers at GM in the 60s, like pretty much every GM employee in Detroit literally had a little second home up state somewhere on a lake where they went for summer vacation. like it was a cultural phenomenon.
I think they were also called that because it was intended that the owner could add extra rooms and there would be examples of the sorts of additions you could do that would be shown along side the house to prospective buyers.
Refinancing to make an addition is one option. But the assumption is generally that middle class families "grow out of" starter homes like hermit crabs, usually when a couple has kids or their kids starting needing their own bedrooms. This also drives them to seek advancement at work so that they can afford the move.
I know at least two of my unionized blue-collar coworkers who have "rental income" as part of their retirement plan.
My parents bought my childhood home for like $50k in 1995 and sold it for $350k in 2005, so shit like that probably helps
My folks bought the house I grew up in for $63k in 1977. It had 4 bedrooms, 3.5 baths on an acre with half a dozen fruit trees and an inground pool.
I typed selling but I'm surprised that even in this day and age I still get messed up by autocorrect
this is gonna sound super bougie but I love the style of houses that I see from the 1970s, at least the bougie ones in TV shows of that era
they have lots of diagonal lines but also asymmetries in the overall shape
love the green carpets and brown everything too
I like the split levels like the one pictured here. 1970s is like the newest construction that's still half-decent imo.
Mid century modern and retro futurism style houses are pretty good too, but i associate those with the 50s/60s a bit more. Pre-WWII stuff is usually way more solid though. Love craftsman style houses too. But my favorites are Queen Anne and second empire Victorians from around the turn of the century. Things that were built to last and still have personality because the goal was to have a house you liked and not have a house as an investment.
Like any millennial I've spent a lot of time fantasizing about houses I'll never be able to afford 🥲
The "shockwave" with the Magpul stock is a great way to do an SBS if you ever wanted one. And when the apocalypse happens it won't matter if you got your tax stamp
