Fewer than 4 in 10 non-homeowner households can afford a typical starter home priced around $200,000, according to LendingTree. Households need an annual income of roughly $117,000 to afford the average home, real estate firm Redfin has found.
Fewer than 4 in 10 non-homeowner households can afford a typical starter home priced around $200,000, according to LendingTree. Households need an annual income of roughly $117,000 to afford the average home, real estate firm Redfin has found.
I can tell you where they are, but you won’t like the build quality.
They also won’t be built suited for the region and you’d better be bringing a large chunk of cash with you and be either wfh or be ready to commute 100 miles a day because you won’t be making enough to afford their monthly costs relying on local employment
Ohio
Louisiana
Missouri
You know… The places most people don’t want to live, and where the median household income is ~≤60k
Idk I think all those places want to kill me.
😂 yeah no argument there
Worse, they’re mostly culturally bereft
Still I personally chose to live in these regions over playing the losing games required to live in what most people consider better areas
And those houses blow away in a stiff breeze.
… Yeah 😐
Like I said, people want affordable but refuse when the concessions to get there come due
Which is also by the way why home prices are so absurd in the locations they are. Too many people refuse to concede too many points and all want the same thing. The best locations, the most desirable construction methods they see on social media, etc
Personally in 2016 I made the decision to make an extreme concession on location, drove 1 hour 40 minutes each way to work 6 days a week sometimes every day a week until my health gave out (8 years) but by then I could afford to move closer regardless the price. What others were paying in just the untaxed difference in rent more than made up for the 200 minutes of driving I had to do to get there. Back then, for similar living conditions to the home I was living in at my place of work, I’d spend $1,500/mo in 2016. In 2024 if I wanted the same home I was looking at in 2016? $2,700
My rent was $550→$850 between 2016→2024 before I had a home built
Regardless, about the build quality bit of your comment. They do not “blow away in a stiff breeze” when they are built in accordance to the FEMA guidelines implemented after the Joplin 2011 tornado are adhered to (most do not, they started ignoring those in ~2015)
Modern homes when properly built according to the engineer’s designs are objectively incredibly durable from an engineering standpoint when compared to traditional construction methods
Regardless that bit, its disingunuine to utilize a survivorship bias of homes that have managed to survive to today using those construction methods when those structures are not even in the same regions subject to the same natural disasters the ones here are designed for
German (European) construction constantly touted as being superior on social media for example? Go look up what happened the last time that region experienced a relatively average tornado from the perspective of the of the United States Tornado Alley
Absolute devistation.
They perform far worse in the same environmental factors modern homes in these regions are designed to withstand
Missouri for example should be designed to withstand winds up to a specific point, materials that prevent as much damage as possible to surrounding structures and environment when they do fail
The only building style in the world that can withstand Midwest tornados that I’m aware of is in-ground homes (bunkers. Literal unexaggerated bunkers.) and to some extent concrete cast dome houses (I call those bubble houses), and only then if they have metal storm shutters on the entryways and windows built in
If you look about the Missouri region for homes built after the 2011 Joplin Tornado, you’ll find a crazy amount of them from the insurance/government FEMA payouts to people who survived that event
Despite arrogant claims to the contrary, traditional brick/mortar and even concrete structures like you’d see in Europe are a grossly inferior and extremely dangerous construction methods in these regions. They work in some of the first settled regions on the east coast, but few other places in the States.
For example, from
“The Costliest Tornado of All Time | The 2011 Joplin EF5” by Overcast, YouTube
https://youtu.be/nspYFFrDqE0?t=633
@10:38 you can see traditional tradesmen brick and mortar construction, 4 bricks deep outer walls ripped to shreds. During the event those bricks became shrapnel and further tore neighboring structures to bits, as well as injuring people nearby
Its not just that these construction methods are cheaper to replace when they fail (they are). It’s also that traditional “better” forms of construction also won’t survive the region anyways so why waste money and time
If you build in the Missouri region, you make sure to have a full (non walkout) basement, or if you have an on slab construction that you have a storm emergency bunker put in before the concrete is poured (costs $15,000+)
Louisiana has their buildings suited for floods, favoring two story structures, usually with roof access and low slope roofing to climb up on top and be rescued via helicopter during flooding, Florida for their environment, etc