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re: How will young people ever get ahead?
Posted on 5/3/23 at 9:39 am to stout
Posted on 5/3/23 at 9:39 am to stout
quote:You've spent the whole thread acting like anyone can do this with no money or experience. It takes one or the other to get started, and I think you underestimate how much of either is required.
Do as much of the work as you can and sub out the rest.
Yeah a lot of us can watch a 10 minute youtube video and learn something "completely new", but we have to realize that it's not really completely new to us. There is a whole lot of background knowledge and experience required to build new knowledge.
3
Posted on 5/3/23 at 9:40 am to Pax Regis
quote:
They will own nothing and they will like it.
quote:
This. It’s all part of the plan. If all you do is borrow your means of survival from your superiors you’re much easier to control. Modern day version of feudalism. Our overlords long to reclaim their rightful legacy as our supreme rulers.
We have far too many examples of bloody revolutions that eliminate the elite classes over the last few hundred years for this to happen.
In a couple generations the 99 percent will write a new constitution in the blood of the 1 percent.
Posted on 5/3/23 at 9:41 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.
Just ask Roger. He builds all his houses after his full shift and night school. Easy peasy.
Posted on 5/3/23 at 9:41 am to tiggerthetooth
quote:
Some embellishments going on here.
no sir
quote:
How much was the house she's paid off?
she bought for about a buck and a quarter, zillow has it at right at $300k
quote:
You sent her to a private school, right?
yes, but not
quote:
Dallas St.Marks?
she grew up in FL, we moved to TX when she left for college
ETA: I had three jobs in college btw, and starting in my junior year I went in with a buddy and bought an old house and flipped it, we did several more before everyone started graduating and going their separate ways
This post was edited on 5/3/23 at 9:46 am
Posted on 5/3/23 at 9:41 am to Korkstand
quote:
There is a whole lot of background knowledge and experience required to build new knowledge.
Yes indeed, construction requires decades of experience and at least one superpower.
Posted on 5/3/23 at 9:41 am to AwgustaDawg
quote:
Employees also work more hours and have longer commute times than they ever have in the US...the amount of time they have to invest sweat equity is not sufficient as it once was.
This is definitely overlooked in these threads imo.
The average white collar worker (and you probably need two of them these days to afford a home in a decent location) is probably putting in 50-55 hours a week factoring in commute times.
I guess its makes you a lazy entitled piece of shite for not really having the time or energy to learn a trade from scratch after working 10 hours per day at your normal job.
I know a bunch of people who do flips or are otherwise in RE. Not a single one has a "normal" job. They are either in RE/flipping full time or they work some 25-30 hour a week job.
Posted on 5/3/23 at 9:42 am to jclem11
quote:
He builds all his houses after his full shift and night school. Easy peasy.
believe it or not that's not impossible and has been done over and over, usually by successful people
Posted on 5/3/23 at 9:42 am to Korkstand
quote:
You've spent the whole thread acting like anyone can do this with no money or experience. It takes one or the other to get started, and I think you underestimate how much of either is required.
For the money part, there are renovation loans available tailored to this very thing.
quote:
There is a whole lot of background knowledge and experience required to build new knowledge.
Where do people begin to build that background? How did people build that background before the internet? It's been done for decades so why is it a problem suddenly?
Posted on 5/3/23 at 9:42 am to Joshjrn
quote:
The small starter home my parent bought in the early 90’s was less than a decade old and cost about $80k in today’s dollars.
That doesn’t exist anymore. In fact, last I looked, that cheaply built little house was worth about $115k now, three decades later.
Anecdotally I bought my first house as a single man in 1988 for $32K. It was 900 square feet, 2 bedrooms one bath. On a 1/10th acre lot within 15 miles of downtown Atlanta in Cobb County. It was built in 1952 and had been the home of 5 families with children since new when I bought it. That house would not be allowed to be built in Cobb County today...the lot is too small, it did not have a garage, and kids could not share a bedroom after about 5 years unless they were the same sex. That house sold in 2020 for $314K.
Posted on 5/3/23 at 9:43 am to stout
quote:
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.
congrats on the survivorship bias?
Posted on 5/3/23 at 9:43 am to biscuitsngravy
quote:
Inheritance
And believe you me, before the fall, the feds will do everything they can to take the lion’s share of the greatest transfer of wealth in human history.
Posted on 5/3/23 at 9:43 am to RogerTheShrubber
quote:
Yes indeed, construction requires decades of experience and at least one superpower.
Posted on 5/3/23 at 9:43 am to Allthatfades
quote:
How will young people ever get ahead?
Adapt or die!!!!!
Cold hard reality.
Posted on 5/3/23 at 9:45 am to stout
quote:
Where do people begin to build that background?
Evidently it only comes once every 75 years on Halley's Comet and its magically spread across the planet.
Posted on 5/3/23 at 9:46 am to RogerTheShrubber
quote:I know. It’s so easy
Yes indeed, construction requires decades of experience and at least one superpower.
My parents are building a house now. They were going to go with a known respected general contractor, but I told them don’t waste their money. Just go find some college kid that knows YouTube well and he can do it for them working at nights after class. They will save a ton of money and it will be just as nice of a house
This post was edited on 5/3/23 at 9:46 am
Posted on 5/3/23 at 9:46 am to Swagga
quote:
This is very true. Young couples need to stop looking for 2200 sq ft homes for 300k in flood zones and start looking at renovations. There’s lots of homes available, but nobody wants to put in the work.
They exist, they ain't available in most markets. Cash buyers buy them, renovate, and flip them. If you need a mortgage to buy them you are about 10th in line.
Posted on 5/3/23 at 9:47 am to lsupride87
quote:
They were going to go with a known respected general contractor, but I told them don’t waste their money. Just go find some college kid that knows YouTube well and he can do it for them working at nights after class. They will save a ton of money and it will be just as nice of a house
You guys posting this type of hyperbole over and over is not disproving anything.
Posted on 5/3/23 at 9:47 am to RogerTheShrubber
quote:
Dont find a place with zoning. Viola.
I built in the country.
Good solution but wages will be far lower or commuting times expenses will be far higher...
Posted on 5/3/23 at 9:48 am to el Gaucho
quote:
Remember the space program where we went to the moon? The boomers voted to give our space money to Israel instead
Boomers won’t let us go to space now. Boomers keeping space for themselves
Posted on 5/3/23 at 9:48 am to JohnnyKilroy
quote:
I know a bunch of people who do flips or are otherwise in RE. Not a single one has a "normal" job. They are either in RE/flipping full time or they work some 25-30 hour a week job.
Most of them are also cash buyers which gives them an insurmountable advantage over anyone needing a mortgage.
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