- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How will young people ever get ahead?
Posted on 5/3/23 at 8:36 am to RogerTheShrubber
Posted on 5/3/23 at 8:36 am to RogerTheShrubber
quote:
I didn't have it, I learned it along with welding, cabinetry, leathercraft, auto repair, etc.
Yea if you have the attitude, there isn't a bit of trade work you can't learn to do efficiently
1
Posted on 5/3/23 at 8:36 am to stout
quote:
I worked and saved the downpayment
You must have had the highest paying job in the history of college students, or you had a lot of help covering your bills.
Posted on 5/3/23 at 8:38 am to Palomitz
quote:
A nice house here can easily go for $800K
just googled my old house in Tequesta, I bought it for $500k in 97, zillow has it for $3.8mil, have a few rent houses in Jupiter that I bought in foreclosure around the same time, for about $30-35k each, all less than 1000sq.', they all rent for around $2k.mo., and zillow has them at high 200s up to 300
Posted on 5/3/23 at 8:38 am to lsupride87
quote:
My brain is mechanically inclined.
Same here but I don't know shite about engines. I have to watch YT if I do any mechanic work.
quote:
and I understand that most people can’t do that.
I think most people won't take the initiative because they are intimidated like you describe being with sheetrock.
Posted on 5/3/23 at 8:39 am to VADawg
quote:dude no way. With just a little bit of work ethic and YouTube, anyone can buy a house while in college and take the time completely renovate it
ou must have had the highest paying job in the history of college students, or you had a lot of help covering your bills.
Posted on 5/3/23 at 8:39 am to stout
quote:
Yea if you have the attitude, there isn't a bit of trade work you can't learn to do efficiently
Im not the smartest guy in the world, but I am very willing to learn, learn fast, determined and confident.
I've learned to do passable work in several trades, and I don't even like the work.
Posted on 5/3/23 at 8:40 am to SquatchDawg
quote:I see that several others have done the math for you.
The same way everyone did…by working their way up.
My first job out of college was $30k back in 1996. A kid bagging groceries at Publix makes $15/hr now. Do the math.
You went to college?
Posted on 5/3/23 at 8:40 am to VADawg
quote:
You must have had the highest paying job in the history of college students
I built scaffolds in the plants during the summer. 7 12s as a B-class carpenter. $16 per hour plus OT. Saved a huge chunk after two summers of doing that.
ETA: It also made me never want to work there ever again. F Nomex and messing with "fire blankets" Itch all day after that and have resin in all of your pores.
This post was edited on 5/3/23 at 8:43 am
Posted on 5/3/23 at 8:41 am to GetCocky11
quote:Right...and that's why this boomer just bought the wife a 2009 Accord EX-L (paid 9K, cash). That's because the 16 yo took over driving the 2006 Accord that I paid $6,600 cash for 4 years ago and was our primary family car that we put over 100K miles on.
$35,000 for a Honda Accord is retarded
I've never bought a new house. Just bought the foreclosure (not my first, no warranties, no conditions, "AS IS") we live in on 30 acres on the edge of town four years ago. Had multiple people say "just walk away" when they heard about the issues it had. But now it's worth almost triple what I paid for it because of two things: (1) sweat equity and (2) it wasn't EASY.
As mentioned by others on this thread, you can build wealth even in this environment if you hustle and live within your means. This is the same as it's always been.
Posted on 5/3/23 at 8:41 am to stout
quote:
I built scaffolds in the plants during the summer. 7 12s as a B-class carpenter. $16 per hour plus OT. Saved a huge chunk after two summers of doing that.
I had a few great gigs going the last couple of years I was at LSU, I actually took a pay cut to leave LSU with a CivE degree to go and fly jets for my Uncle
Posted on 5/3/23 at 8:41 am to stout
quote:
7 12s as a B-class carpenter. $16 per hour plus OT. Saved a huge chunk after two summers of doing that.
Congratulations. You are an outlier. 99.9999999% of college students are not going to find a job that pays that much money.
Posted on 5/3/23 at 8:43 am to stout
quote:
A serious issue I see is that younger people buying houses is they all want a newer house right from the start. Not a lot of them are willing to buy a fixer-upper and put in some sweat equity. Housing is still the greatest wealth builder for the middle class but there are steps to it. Used to you would buy the starter home, fix it up and build equity, then move 5-10 years later into something else. Rinse and repeat a few times until you get to the bigger house.
This is a laughably out of touch post. “Starter” home 3 bed, 2 bath homes in reasonably safe areas of my city start at ~$500k, which isn’t remotely attainable on median income for the area.
Posted on 5/3/23 at 8:44 am to VADawg
quote:
You are an outlier. 99.9999999% of college students are not going to find a job that pays that much money.
Its relative to where you live. Here, if you have a pulse and a TWIC card, they will give you a job right now making great money and per diem to sit on a bucket and hole watch.
Posted on 5/3/23 at 8:45 am to stout
quote:
most people won't take the initiative
How to sum up this 12 page OT thread in 6 words.
Posted on 5/3/23 at 8:45 am to TDTOM
quote:
Is this the thread where millennials will come make excuses and play the victim card?
Rarely mentioned are the benefits the millennial generation have been afforded - technological advancements, safer work environments, no World Wars (yet), etc.
Cheap rent in safe apartment complexes is still readily available. If not, moving has never been easier, especially when you can work remotely. Cheap, safe used cars were available up until the covid shitstorm.
Consumers have more options at their fingertips than ever before.
But spending money you don’t have is also easier than it’s ever been. The current culture is also one of instant gratification. Who wants to wait when you can order something on Prime while pooping right now?
This post was edited on 5/3/23 at 8:45 am
Posted on 5/3/23 at 8:45 am to Crowknowsbest
An old shitty house that could be renovated by someone with a little work ethic is still going to cost 300k before renovations in the suburbs of New Orleans or Br if it isn’t in the ghetto
So the “renovation method” still doesn’t hold water
So the “renovation method” still doesn’t hold water
Posted on 5/3/23 at 8:45 am to SquatchDawg
I can’t believe 57 people disagree with squatch. He is right on.
Posted on 5/3/23 at 8:45 am to lsupride87
quote:
dude no way. With just a little bit of work ethic and YouTube, anyone can buy a house while in college and take the time completely renovate it
Its true. Most are just too lazy or not good with their hands.
There are tradeoffs to everything, most just don't like the tradeoffs to owning their own labor.
Posted on 5/3/23 at 8:45 am to Norbert
quote:Holy shite
Cheap rent in safe apartment complexes is still readily available.
Posted on 5/3/23 at 8:45 am to LCA131
quote:
How to sum up this 12 page OT thread in 6 words.
We are apparently just "boomers" despite me being 43
Page 11 of 35
Back to top
Follow TigerDroppings for LSU Football News