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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 9:03 pm to Jake88
Posted on 5/24/23 at 9:03 pm to Jake88
quote:
That's good and people could take a lesson about living within their means and delaying gratification when they're young. Why is someone down voting you?
Doesn't matter.
I agree that real estate is stupid right now but I also think young people try to live lifestyles that aren't comparable to their parents or older generations. Real estate will eventually correct imo. The current path is unsustainable.
This post was edited on 5/24/23 at 9:04 pm
1
Posted on 5/24/23 at 9:13 pm to fallguy_1978
quote:
I agree that real estate is stupid right now but I also think young people try to live lifestyles that aren't comparable to their parents
While I agree with you, it's for different reasons.
You think what they're spending is unsustainable, I think it's sustainable because they are spending every dollar they earn.
For example, I invest heavily into my retirement, HSA, brokerage, and 529 account for kids future.
Meanwhile, other people we personally know elect to not carry health insurance because "it's $400 a month", and put $0 towards retirement.
What is happening right now is actually sustainable because they are not saving a dime for anything.
This post was edited on 5/24/23 at 9:33 pm
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