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Started By
Message
re: How will young people ever get ahead?
Posted on 5/3/23 at 8:28 am to CornbreadFed
Posted on 5/3/23 at 8:28 am to CornbreadFed
quote:
Your base car value starts at 30k and there’s high interest rates for no reason.
Do they not have economics classes at UGA?
ALSO, try to keep your credit rating lower, someone will pick up your slack with ghost, commie fees.
0
Posted on 5/3/23 at 8:29 am to lsupride87
quote:
yeh man, house building is just a little elbow grease on the weekends after your full time job is over. No learning curve really needed.
I flipped my first house in college. True story. Went to school, worked a part-time job, and worked on the house every spare moment I had. Guess it's all in what you want. Don't come at me with your hyperbole.
I dropped out shortly after to do RE full time.
Posted on 5/3/23 at 8:29 am to RogerTheShrubber
quote:
I might go this route for my next move, or a yurt. The yurt is cheaper but I have to set up a pad.
I'm not paying 500k for a 3.2 ranch. I don't care how much money I have at the time.
That is my thought. Even for the houses that are in my price range, it just seems like a really really bad deal.
In my area, even with shitty rents, renting is actually a better deal than buying currently.
Posted on 5/3/23 at 8:29 am to stout
quote:Congrats man, that’s a skill you have. Most don’t have it. They can “want it” til the cows come home but it isn’t there
I flipped my first house in college. True story. Went to school, worked a part-time job, and worked on the house every spare moment I had. Guess it's all in what you want. Don't come at me with your hyperbole.
That’s like Tyreek hill just telling people to run really fast, just takes a little hard work and you can be rich like me
This post was edited on 5/3/23 at 8:31 am
Posted on 5/3/23 at 8:30 am to Cosmo
quote:
They would have 0 idea how to do the work
They have the most knowledge available to them out of every generation before them.
I have been doing it for a long time and still get on youtube to learn how to do certain things and to get ideas.
Posted on 5/3/23 at 8:30 am to lsupride87
quote:
yeh man, house building is just a little elbow grease on the weekends after your full time job is over. No learning curve really needed.
Some people just don’t get it. Good fricking luck passing codes today with the attitude some people in this thread have.
Posted on 5/3/23 at 8:31 am to stout
quote:
I flipped my first house in college.
You were able to afford to buy a house while you were still in college?
Posted on 5/3/23 at 8:31 am to lsupride87
quote:
Congrats man, that’s a skill you have. Most don’t have it. They can “want it” til the cows come home but it isn’t there
How do you think I built that skill?
quote:
That’s like Tyreek hill just telling people to run really fast, just takes a little hard work and you can be rich like me
There's a difference in god given skills and developed skills. You are conflating the two to make a point.
Posted on 5/3/23 at 8:32 am to stout
quote:
They have the most knowledge available to them out of every generation before them.
I have been doing it for a long time and still get on youtube to learn how to do certain things and to get ideas.
I don't care how many YT videos I watch, I'm not going to demolish a wall or install plumbing on my own. I'm sure you've seen plenty of shitty flips from YouTube-educated flippers in your job.
Posted on 5/3/23 at 8:32 am to el Gaucho
A house was not 20k in 1996 nor was a car 5k
My uncle bought a house for 160k and I was in a good area and nothing special in 1994 they just sold it for 385k.
My first automobile was 16k plus ttl
In 1996.
So a 30k job is not 250k job in today's market its more like 70k.
At the end of the day younger people want what they want now and have no time to wait for it. That is why they are miserable and have anxiety and stress add social media telling you you're a looser because you don't have this or that.
My uncle bought a house for 160k and I was in a good area and nothing special in 1994 they just sold it for 385k.
My first automobile was 16k plus ttl
In 1996.
So a 30k job is not 250k job in today's market its more like 70k.
At the end of the day younger people want what they want now and have no time to wait for it. That is why they are miserable and have anxiety and stress add social media telling you you're a looser because you don't have this or that.
Posted on 5/3/23 at 8:32 am to lsupride87
quote:
Congrats man, that’s a skill you have. Most don’t have it
I didn't have it, I learned it along with welding, cabinetry, leathercraft, auto repair, etc.
Stuff men do.
Posted on 5/3/23 at 8:32 am to BoogaBear
quote:
I do really well at my job, but I don't think salaries are keeping up with inflation
Absolutely not. Lots of articles have been published for that same situation here in S. FL. People are making average salaries of $55K-60K/year, houses average $440K(and that's a 3/2 house who is probably old and needs updating). A nice house here can easily go for $800K, it's outrageous. People are moving out of here b/c of cost of living. Rent for a TH can easily go for $3500 a month.
Posted on 5/3/23 at 8:33 am to WillieD
quote:
You should get out of Mississippi more
I've been out of Mississippi for 8 years now. If I made back home what I make here.....I'd be sitting pretty nice right about now.
Posted on 5/3/23 at 8:33 am to DeafJam73
quote:
My first job out of college was $30k back in 1996. A kid bagging groceries at Publix makes $15/hr now. Do the math.
Lol You can’t compare 1996 $30k to today. It’s not even remotely the same. And here in lies the problem. The older generation talks like as if the circumstances are so similar, and they just aren’t.
As someone that brings in just minted college grads for rotational development leadership roles ... They are getting 65-70k to start. I'm not to terribly far ahead of them pay wise
And I'm closer to retirement than they are. The secret to financial stability or the way to make financial stability easier. Buy a house you can afford and put some sweat equity into...do that 2 or 3x. Early on -its an investment be not a "home". Especially if you can do that before having kids even if you start small...take that equity to move up. And don't get sucked into a big car payment. It's better when you are mid fifties and your two big monthly payments aren't that big
Posted on 5/3/23 at 8:34 am to stout
quote:Having the mind to quickly pick up things in building and such is a god given gift
How do you think I built that skill?
My brain is mechanically inclined. I can see a motor or engine and after a quick look over or instruction video, take it apart and put it back together. I am old enough and not ignorant and I understand that most people can’t do that.
On the other hand, if you ask me to do sheet rock work or just draw a fricking stick man on a piece of paper I can’t do it. I’m terrible and shite like that and would arse frick a house renovation to pieces if I tried myself
Posted on 5/3/23 at 8:34 am to VADawg
quote:
You were able to afford to buy a house while you were still in college?
I worked and saved the downpayment. Put materials on a CC and took a risk.
Posted on 5/3/23 at 8:35 am to lsupride87
Yep, I buy 90% Great Value brand stuff except for meat obviously and I’m still at $140 a week for a family of four. And that’s with two of us being under eight years old so they’re barely eating anything to begin with. At some point this is going to implode.
Posted on 5/3/23 at 8:36 am to stout
quote:
I worked and saved the downpayment. Put materials on a CC and took a risk.
Did the same. Paid for the groundwork, learned to do the labor myself.
Posted on 5/3/23 at 8:36 am to Palomitz
If it's not electrical I fix everything else that happens in my house. My wife (no pics) and I are putting in a gravel / flagstone area currently. Doing things yourself is very satisfying and way way way cheaper.
I don't touch septic either....
I don't touch septic either....
This post was edited on 5/3/23 at 8:39 am
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