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re: How will young people ever get ahead?
Posted on 5/3/23 at 8:46 am to VADawg
Posted on 5/3/23 at 8:46 am to VADawg
The best advice I’ve ever received was from one of the most privileged posters on this board telling me I should buy a house in 2007
Unfortunately he told me this in 2019. Also I was a college sophomore in 2007. Still great advice
Unfortunately he told me this in 2019. Also I was a college sophomore in 2007. Still great advice
3
Posted on 5/3/23 at 8:47 am to Sun God
Ah yes, initiative. The definition of initiative -don’t look at reality of the cost of goods to income, and instead use hypothetical of times before
This post was edited on 5/3/23 at 8:48 am
Posted on 5/3/23 at 8:49 am to Sun God
quote:
one of the most privileged posters
LucasP?
Posted on 5/3/23 at 8:49 am to EF Hutton
quote:
can’t believe 57 people disagree with squatch.
I'd wager the average age of those 57 is less than 37.
Posted on 5/3/23 at 8:49 am to Sun God
quote:
The best advice I’ve ever received was from one of the most privileged posters on this board telling me I should buy a house in 2007
Unfortunately he told me this in 2019. Also I was a college sophomore in 2007. Still great advice
We bought our first house in 2005. Sold it for less than we paid for it in 2012.
Posted on 5/3/23 at 8:50 am to 777Tiger
What a new and refreshing topic!
Posted on 5/3/23 at 8:51 am to fallguy_1978
Should’ve kept it til 2019 at least
Posted on 5/3/23 at 8:53 am to JohnnyKilroy
I do think it’s relative to rehash it. Interest rates have risen yet house prices haven’t dropped
America, and the backbone middle class, is completely fricked going forward.housing is the #1 separator for the American dream and how wealth was built here for the middle class.
I don’t know why some posters like Roger think admitting that basic fact makes them less of a person in their youth
America, and the backbone middle class, is completely fricked going forward.housing is the #1 separator for the American dream and how wealth was built here for the middle class.
I don’t know why some posters like Roger think admitting that basic fact makes them less of a person in their youth
Posted on 5/3/23 at 8:53 am to JohnnyKilroy
quote:
What a new and refreshing topic!
curious as to what a "privileged" poster is
Posted on 5/3/23 at 8:53 am to Sun God
quote:
Should’ve kept it til 2019 at least
We needed to move. We planned on only being in that house 7-8 years but we didn't want to waste money on rent for that long and real estate prices only go up right?
Posted on 5/3/23 at 8:53 am to Phat Phil
Nah. Only if they think like this. The new generation has an entire new world open to them with the explosion of social media, short form video, and shoppable videos. A mofo can literally never leave their home and make 6 figures.
Posted on 5/3/23 at 8:54 am to lsupride87
quote:
So the “renovation method” still doesn’t hold water
What a world you live in. Where measuring to the 1/16th, cutting a semi straight line and hammering stuff is sorcery.
Sounds like most women.
Posted on 5/3/23 at 8:55 am to 777Tiger
quote:
curious as to what a "privileged" poster is
Daddy fronted the money
I won’t lie I’m just jealous
Posted on 5/3/23 at 8:55 am to lsupride87
quote:
Interest rates have risen yet house prices haven’t dropped
Prices are dropping in larger markets. It takes a while for these things to adjust. Even the 2008 crash took a while to realize. It didn't peak until 2010.
Posted on 5/3/23 at 8:55 am to Sun God
quote:
Daddy fronted the money
ah, gotcha
Posted on 5/3/23 at 8:58 am to DJNOS1978
quote:
Nah. Only if they think like this. The new generation has an entire new world open to them with the explosion of social media, short form video, and shoppable videos. A mofo can literally never leave their home and make 6 figures.
My first grandkids are becoming adults, they have the world by its ear. Any confident, disciplined person today can be whatever they choose. The competition sucks.
Posted on 5/3/23 at 8:59 am to SquatchDawg
quote:
The average starting salary out of college is $50k to $60k and it could be higher depending on your major.
Average is a mostly garbage statistic when looking at population wide values.
The median salary for a 2022 college grad is $47,000. That means half make more, half make less. $47,000 doesn't go very far in 2023. After taxes, social security, and health insurance; rent (even with roommates); car note; student loan; and essentials and groceries; it's nearly impossible to build savings and retirement accounts on that solo income.
Posted on 5/3/23 at 8:59 am to stout
quote:
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 comical. 100k house these days likely has a caved in floor and a tarp on the roof.
Posted on 5/3/23 at 8:59 am to Upperdecker
quote:
We need to cut their boomer welfare too
And quit giving money to their boomer israel
Remember the space program where we went to the moon? The boomers voted to give our space money to Israel instead
Posted on 5/3/23 at 8:59 am to Allthatfades
By learning a skill, Plumbers, Carpenters, Electricians, Mechanics, Trucking anything where they have a skill. I own a small business and can’t find anyone willing to work. Education is good but I see kids graduating and can’t hook up Jumper cables, change a light switch, drive a nail. Trade schools is where its at right now. Electrical and Instrumentation is one of the best fields.
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