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Started By
Message
re: The math for buying a home no longer works, per WSJ
Posted on 12/21/23 at 6:45 am to idlewatcher
Posted on 12/21/23 at 6:45 am to idlewatcher
Your assertions are complete bullshite.
Here’s a novel concept… First, get into the market by purchasing something on the low side of the average.
Second, your first home doesn’t need to have marble countertops, with a Wolf range, and Sub Zero fridge. You also don’t need to buy your first home in the swankiest zip code… brah.
Here’s a novel concept… First, get into the market by purchasing something on the low side of the average.
Second, your first home doesn’t need to have marble countertops, with a Wolf range, and Sub Zero fridge. You also don’t need to buy your first home in the swankiest zip code… brah.
0
Posted on 12/21/23 at 7:37 am to PikesPeak
quote:
That's a dumb thing to say. Of course, home ownership isn't a right. But the opportunity is being placed out of the reach of many, many, many people who just 10-15 years ago would have been able to buy. Don't be ridiculous
One problem is a lot of first time home buyers have delusions of grandeur. They think a first home should look like this…
When really it should look like this…
Or even this…
The problem with younger people today is they think they should start out in life with a standard of living that past generations worked years to achieve. You have to pay your dues, kids. Save your money, be patient, work hard and you’ll get ahead. I assure you it’s entirely possible. If anything it’s easier today than it was 30 years ago because, unlike then, your peers on average are quite lazy and unmotivated to get ahead. If you work hard and have a good attitude, you’ll advance.
Posted on 12/21/23 at 7:39 am to Darth_Vader
quote:
If anything it’s easier today than it was 30 years ago
Thanks, paw-paw.
Posted on 12/21/23 at 7:41 am to Darth_Vader
quote:
I assure you it’s entirely possible. If anything it’s easier today than it was 30 years ago because, unlike then, your peers on average are quite lazy and unmotivated to get ahead.
Christ, you’re just as stupid as young kids today
Posted on 12/21/23 at 7:41 am to Mo Jeaux
Boomers who raised millenials: “you kids just don’t know how to work hard.”
Posted on 12/21/23 at 7:43 am to blzr
quote:
Christ, you’re just as stupid as young kids today
You must be one of the lazy and unmotivated one. Stings when it’s pointed out so you lash out with insults. Sorry I hurt your feelings, kid. Go to your safe space and feel better.
Posted on 12/21/23 at 7:54 am to meansonny
Why the frick is your employer remitting your car or homeowners insurance for you?
That doesn’t happen at any employer I have ever seen.
That doesn’t happen at any employer I have ever seen.
Posted on 12/21/23 at 7:56 am to jclem11
Voluntary benefits.
Employee discounts and payroll deduction.
We get options of Travelers, Liberty Mutual,and Met Life.
Employee discounts and payroll deduction.
We get options of Travelers, Liberty Mutual,and Met Life.
Posted on 12/21/23 at 7:57 am to jclem11
If I had a mortgage through our credit union, I could have payroll deducted that.
Posted on 12/21/23 at 7:58 am to Darth_Vader
quote:
If anything it’s easier today than it was 30 years ago
Only retard boomers would agree with this
Posted on 12/21/23 at 7:58 am to Darth_Vader
quote:
Or even this…
Manufactured homes are selling for $250,000 where I am.
get out of here
ETA: And I'm confused. First we're told that buying a manufactured home is a terrible idea because it is a depreciating asset. Then we're told that we should buy a manufactured home. Make up your minds.
This post was edited on 12/21/23 at 8:02 am
Posted on 12/21/23 at 8:03 am to GetCocky11
Why are selfish boomers and their ilk so afraid to admit that younger generations have it harder than they did?
Posted on 12/21/23 at 8:05 am to GetCocky11
quote:
Manufactured homes are selling for $250,000 where I am. get out of here
You’re full of shite if you’re trying to claim anyone is selling single wide mobile homes for a quarter of a million dollars. The average cost of a single wide is between $60K & $90K, and that’s if you’re buying new.
Posted on 12/21/23 at 8:07 am to Darth_Vader
quote:
The average cost of a single wide is between $60K & $90K, and that’s if you’re buying new.
You got to have somewhere to put it.
I love it when you show up in these threads. You're a hoot.
This post was edited on 12/21/23 at 8:08 am
Posted on 12/21/23 at 8:12 am to GetCocky11
quote:
ETA: And I'm confused. First we're told that buying a manufactured home is a terrible idea because it is a depreciating asset. Then we're told that we should buy a manufactured home. Make up your minds.
My first home when I came home from the army over 30 years was a single wide mobile home, a used one at that. I was making $5.50 at the time. It wasn’t fancy and there were a ton of things I wanted but could not afford. But I worked my arse off, saved money, and within a few years I was able to buy a small brick house for myself and my new wife. We lived there for ten years, again working, saving, and living within our means, until we’d saved up enough and I’d advanced enough on my career to afford the nice two story brick in the nice subdivision in the nice suburb we’d always wanted.
There is nothing wrong with starting out in a single wide, even a used one if that’s what you can afford. In fact, it’s far better to go that route than wasting money on high rent in an expensive city where you have nothing left over to go towards savings for your next step up the ladder.
Posted on 12/21/23 at 8:13 am to Damone
quote:
Why are selfish boomers and their ilk so afraid to admit that younger generations have it harder than they did?
Because us Gen Xers are older, wiser, and know more than you.
Inflation wasn't just invented.
The problem with $0 isn't new.
The soul sucking desire for people to cry "it's so hard" is what baffles me.
Another poster got it right.
You don't have to do anything better than the greatest generation.
You don't have to do anything better than the boomers.
Or Gen X.
Or millennial.
You just have to be better than the kid you sat next to in social studies class with crayons up his nose.
Do people think they can aim that high?
Posted on 12/21/23 at 8:15 am to Bullfrog
quote:
Yes because just like health care, home ownership is a right.
It's not a right...
But when the median income can't afford HALF of the median home price, there is an issue.
An economy of renters is doomed to fail.
Posted on 12/21/23 at 8:16 am to GreatLakesTiger24
Because we are living by a tyrannical government rule. This is the way they want society, dependent on them. Wake up!
Posted on 12/21/23 at 8:17 am to GetCocky11
quote:
u got to have somewhere to put it. I love it when you show up in these threads. You're a hoot.
I know you think you’re smart, but you’re really stupid. It cost about $10K to set up a plot of land for a mobile home. And land in the south averages between $10K to $15K per acre. So maybe you can’t afford the brand new single wife, maybe you have to buy a used one. If you’re smart you can get stated with your own place for less than the cost of a new vehicle.
This post was edited on 12/21/23 at 8:19 am
Posted on 12/21/23 at 8:17 am to Darth_Vader
quote:
There is nothing wrong with starting out in a single wide, even a used one if that’s what you can afford. In fact, it’s far better to go that route than wasting money on high rent in an expensive city where you have nothing left over to go towards savings for your next step up the ladder.
People today do not want to hear about the sacrifices made in their teens and twenties by some.
Those sacrifices setup opportunity twenty years later.
Time value of money.
Owning something to get ahead in life.
A 19 year old couple (each making $18/hour) are already at the median household income for the US.
Think about that.
Is that "muh struggle"?
Or "muh opportunity"?
Making $75k/yr and people act like saving $12k would take decades.
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