You’re Greedy For Owning A House!

I ran into this tripe a little more than a year ago. This week it is showing up everywhere.

People are whining on X and Reddit about how hard it is today. How the “boomers” took all the wealth. How they don’t want you to be able to afford a home.

My parents grew up during the Great Depression and WWII. My maternal grandfather tried to volunteer for the army but was not allowed, as he was a critical worker in railroads. My paternal grandfather was busy being a scientist for Goodyear. Family history says that he helped develop the tires that were using synthetic rubber.

My grandparents worked hard to earn what they held. They died owning a houses.

My maternal grandparents bought their house in the 30s or 40s. Grandpa built the garage himself. He did all the work around the house. Before he started working for the railroad, the SooLine, he was a machinist and a carpenter/woodworker. His hands were calloused from working his entire life.

He bought his house for under $2k, it is currently valued at $145k.

My grandfather also worked most of his life. He was a scientist who worked with cotton. His house was worth much more when my grandmother passed because of California. Likely near enough to a million dollars for a little house.

When my parents started, Dad was an ensign in the Navy. It wasn’t until a LT that they could afford their first house.

They purchased an OLD house in Norfolk. Dad took the test to be a certified electrician because he needed to rewire that house. They couldn’t afford to have somebody else do any work. Dad fixed that house up.

When he was transferred, they couldn’t sell the house for what they had in it, so they rented it out until they could. That allowed them to buy another house. A little nicer, a little better.

It wasn’t until I was in 6th grade that I had a room to myself. There was no “spare” bedroom. It wasn’t until high school that the house was big enough for there to be a shared office for Mom and Dad.

That house now lists for $550k. I do not know how much they purchased it for.

When they passed, their house was worth around $360k.

Their houses and their wealth went up as they invested money they had earned and saved.

My first house was a “three”-bedroom, one-bath house. With 870 sq. feet. I could barely afford it with my $35k/year salary. I think we paid around $50k for it. It now sells for $242k. I quote three because it was actually two bedrooms with an extra room tacked on the back, through the second bedroom. So it was three bedrooms and a laundry room, craft room, kids room.

I stuffed 5 kids and a wife into that house, and we made it work.

But here’s the thing: the house I thought I could afford was a $30k fixer-upper. I was going into that house knowing I would have to rip up every floor and put new floors back in. That every wall had to be stripped and painted. And likely, I would have to redo the roof. And I expected to do all the work myself.

I made no money on that house. The bank repossessed it because I was unable to make child support payments AND house payments.

I have a house today because my wife makes good money and I get bursts of money. We were able to afford it only because my parents helped and the house had been foreclosed.

It is worth almost 4 times what we paid for it. Not a bad investment.

It took me 30 years of work to be able to buy this house. I’ve never gone hungry, but I’ve eaten freezer scrapings more than once.

But today I’m told I had it easy. That my parents had it easy. That I’m greedy because I bought this house that could have been used by a large growing family,

One person complained that he couldn’t find a starter home. His definition of a starter home put him at $500K.

My house is not a “starter home.” It is my grow-old home. And it isn’t $500k.

There are 7 houses for sale within 2 miles of my town for less than $150k.

The most significant difference, in my opinion, is what luxuries we “must” have today.

My child dropped her phone in the lake. She has a new phone. My phone bill, for the family, is $250 per month. We shouldn’t be paying that much for phones. But I like having my phone. I like being able to read books in the dark. I like my Google Maps and Android Auto.

So I pay for my kids and family to have cell phones. And good ones.

I think we spend nearly $100/month on streaming services. I have not added it up, but that sounds about right.

There is money for servers, internet, VoIP service, and a dozen other things.

Our electric bill is high. People run heaters when it is cold and fans or AC when it is hot.

All these things add up.

When I was young, going out to eat was a special thing. Today, my kids eat out 4 out of 7 days of the week. The amount of money spent on drinks from Dunkin or McDonald’s blows my mind.

I feel bad for spending $35/month on good coffee. My wife will spend $2 for an iced tea from McDonald’s multiple times per month. It all just adds up.

To put it in perspective, I’ve seen my wife order takeout for us and the kids and spend nearly 10% of a mortgage payment. Taking the entire family out for dinner can easily hit 20%.

Do I feel bad for the people who are struggling to make ends meet? Yes, I do. I’ve been there. I fought through that. I drive a 15 year-old truck so I don’t have to pay $500/month on a car payment. Are they making the same types of sacrifices? Do they make the sacrifices my parents made?

Now they are not.

Stop whining, stop blaming me, get up and go do.