• ScotPilgrimVsTheLibs [they/them]
    ·
    edit-2
    2 years ago

    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?

    • came_apart_at_Kmart [he/him, comrade/them]
      ·
      2 years ago

      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.

      • Nakoichi [they/them]
        ·
        2 years ago

        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.

        • Ideology [she/her]
          ·
          2 years ago

          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.

      • spectre [he/him]
        ·
        2 years ago

        I know at least two of my unionized blue-collar coworkers who have "rental income" as part of their retirement plan.

    • Commander_Data [she/her]
      ·
      2 years ago

      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.

    • crime [she/her, any]
      ·
      2 years ago

      My parents bought my childhood home for like $50k in 1995 and sold it for $350k in 2005, so shit like that probably helps