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Started By
Message
re: The ‘growing crisis of the young American male’ could send home prices falling for years
Posted on 4/3/24 at 3:27 pm to LNCHBOX
Posted on 4/3/24 at 3:27 pm to LNCHBOX
quote:
So what's not young if parents shouldn't be buying houses at 50?
This comments purpose is to point out that you do not want a mortgage when you are preparing to retire.
If you are past 50 your chances of medical issues obviously increase. If you have a major event in your life and you are still paying a 2,000 mortgage at 69 this could be a problem for you.
By the time you get to retirement you should want all your debt gone. Then you are a free man.
I've watched MANY people fall into this trap.
2
Posted on 4/3/24 at 3:28 pm to jizzle6609
Look at you dodge the question 
Posted on 4/3/24 at 3:28 pm to LNCHBOX
quote:
You've bought two house in the last 5 years and aren't young, but also say 50 year olds shouldn't be buying houses. How old are you?
Ive bought 4 in 11 years actually.
40 on the dot.
Posted on 4/3/24 at 3:29 pm to LNCHBOX
quote:
Look at you dodge the question
Whatever age doesnt have you paying your shite off by 62 - 65 is too old.
There you go.
Posted on 4/3/24 at 3:30 pm to jizzle6609
quote:
Ive bought 4 in 11 years actually.
40 on the dot.
Sure hope you didn't get a 30 year mortgage. Couldn't imagine having a mortgage in your 60s, amirite?
Posted on 4/3/24 at 3:31 pm to kingbob
quote:
do not see a generation failing because they are lazy, foolish, or immoral. I see an economic disaster wreaking serious lasting social consequences on society in general, and lots and lots of people either struggling to figure out how to navigate it, or unable to comprehend that it’s happening because it doesn’t impact them to the same extent
The writing has been on the wall for years but women, liberals, and boomers tend just try to gaslight men to cover up the problem. We're
Posted on 4/3/24 at 3:33 pm to jizzle6609
quote:
I think most choose to. You cannot tell me they have done everything in their power to obtain employment, stay employed and become productive.
This. I have been arguing how it is now been acceptable for men to stop being productive to society. It’s soft and weak. This is a product of adult children never being told to hit the curb and abusing their parents
Posted on 4/3/24 at 3:34 pm to r0cky1
quote:
I have been arguing how it is now been acceptable for men to stop being productive to society. It’s soft and weak. This is a product of adult children never being told to hit the curb and abusing their parents
It's a product of limited economic opportunities.
Posted on 4/3/24 at 3:36 pm to LNCHBOX
quote:
Sure hope you didn't get a 30 year mortgage. Couldn't imagine having a mortgage in your 60s, amirite?
Pay attention.
Sold in 2022. 3,600 sq feet. Lived in it two years. Sold for 40% more than it was purchased for in 2019 then the entire gain went into a 2,000 square foot house, which matches my actual need.
Pulled the same move two times prior to this sale but opposite on direction. I bought small and traded up. Then sold at peak dropped that bag on a smaller place.
It also paid off the remaining car loan balance which puts us debt free, outside a very manageable 15 year mortgage.
Posted on 4/3/24 at 3:38 pm to jizzle6609
I quit my avocado toast habit last year in the hopes that some day, I can be just like you 
Posted on 4/3/24 at 3:43 pm to kingbob
quote:
I quit my avocado toast habit last year in the hopes that some day, I can be just like you
Thats not a good idea, Im not a good role model.
Avacado is pretty expensive these days Ill say that.
Posted on 4/3/24 at 3:53 pm to r0cky1
quote:Where are all these men that don't work? Every dude I know works more than 40 hours a week and still has trouble saving money.
This. I have been arguing how it is now been acceptable for men to stop being productive to society. It’s soft and weak. This is a product of adult children never being told to hit the curb and abusing their parents
Posted on 4/3/24 at 3:56 pm to ragincajun03
So boomers are going to loose their nest egg because they didn't raise marriage material women? That's rich...
Posted on 4/3/24 at 4:17 pm to Limitlesstigers
quote:
Where are all these men that don't work? Every dude I know works more than 40 hours a week and still has trouble saving money.
I forgot you know every single male in America.
LINK /
This post was edited on 4/3/24 at 4:19 pm
Posted on 4/3/24 at 4:20 pm to Limitlesstigers
quote:
Where are all these men that don't work
inside mommy or daddy or mommy & daddy or mommy and mommy etc. house chillin
Posted on 4/3/24 at 4:20 pm to Limitlesstigers
quote:
Where are all these men that don't work? Every dude I know works more than 40 hours a week and still has trouble saving money.
Smoking a J as we speak.
Posted on 4/3/24 at 4:25 pm to ragincajun03
I follow her point but wonder if the effects aren't offset by reduction in construction of new homes and growing populations (especially in the south)
Further, I thought I had read recently that single women are more likely to be homeowners than single men. So, unlike previous generations where unwed women lived with their parents, what we have here is the inverse. The net effect being the same.
Further, I thought I had read recently that single women are more likely to be homeowners than single men. So, unlike previous generations where unwed women lived with their parents, what we have here is the inverse. The net effect being the same.
Posted on 4/3/24 at 5:46 pm to Saunson69
Real Estate is such a scam.
Posted on 4/3/24 at 5:50 pm to ragincajun03
Boomers dying off and all trying to sell their beach houses at once while Gen Z and Millennials don’t want to deal with them is a dream of mine.
Bring it!
Bring it!
Posted on 4/3/24 at 5:50 pm to bad93ex
quote:
Why should they pay the exorbitant prices for a home? My sons can stick around along as they're pulling their own weight.
There’s other options then having to buy a home. My kids better be gone after college if they want to live with me post high school. That’s how they build independence. Get some roommates and live in an apt or cheap arse house that 4 of you can rent. Hell I paid 200 bucks a month to sleep on a couch for a year with my buddies. Didn’t even have my own room
This post was edited on 4/3/24 at 5:52 pm
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