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re: Why are homeownership rates precipitously declining?
Posted on 8/31/16 at 9:46 am to baldona
Posted on 8/31/16 at 9:46 am to baldona
This is an interesting discussion and I agree with your post 100%. We are a society of extreme instant gratification and most are not willing to delay and build wealth. I would be interested to see the data on those renting and if they are saving any money because of it. My guess is that they are not as a recent study showed that 1/2 of Americans couldn't come up with $400 if needed in an emergency. Many are buying into the new American dream that includes college debt to obtain useless degrees with no long term career plan and feel entitled to a lifestyle they can't support.
On the bright side, there are now business opportunities to buy properties for rental income.
Get off my lawn.
On the bright side, there are now business opportunities to buy properties for rental income.
Get off my lawn.
1
Posted on 8/31/16 at 11:19 am to NOLA Tiger
quote:
Many are buying into the new American dream that includes college debt to obtain useless degrees with no long term career plan and feel entitled to a lifestyle they can't support.
On the bright side, there are now business opportunities to buy properties for rental income.
I knew this would be said at some point in this thread.
Probably because the baby boomers have been preaching about the american dream since we were fricking born.
You've priced us out of it. Not ourselves. It costs far more to live the same comfortable lifestyle today than it did for you lazy fricks living in the 60s and 70s.
Have we constantly raised tuition, housing prices, and everything else? No, that was you assholes.
Hurry up and die.
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