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A comment on Barely Half of 30-Year-Olds in the U.S. Earn More Than Their Parents Did at 30. Parent comment

Re:Barely Half of 30-Year-Olds in the U.S. Earn More Than Th... by falcolas on Thursday December 08, 2016 @02:53PM (#13133635)
Anecdotally, this is not the case, even in more rural areas. My parents bought 5 acres and built a house for $100,000 (adjusted for inflation). I recently bought a house with half the square footage and 1/10th of the land for double the amount. And I got a great deal in the current market by being willing to live even further from town.
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Re:Barely Half of 30-Year-Olds in the U.S. Earn More Than Th... by hiram112 on Friday December 09, 2016 @05:57AM (#13137994)
Yep. Moved to high cost of living city almost a decade ago. Always lived frugally, even though I'm now making decent money. The plan was to get the hell out of this overpriced, over crowded area with a stash of cash and head back to Midwest to pick up a nice home.

It's terrifying watching Zillow on a few Midwestern cities that had avoided the bubbles so far. It seems as if the coastal cash and / or Chinese money has now trickled its way inward. 25% price increases in 2 years for some of the newer condos I'm interested in.

I don't want to move just yet cause I like my job and wouldn't be able to find something similar in a smaller city, but now I fear I'll be priced out again. This sucks.

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