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Posted on 12/21/23 at 9:42 am to Chucktown_Badger
quote:
Just a subtle reminder that these ridiculous interest rates we're all talking about are brought to you courtesy of massive government money printing. Vote accordingly.
spare me
The interest rates should have never been as low as they were for as long. Then lowering rates in 2020, along with Trump's doling out cash, contributed to inflation as much as anything.
Incentivizing white-collar homeowners to move, remodel and refinance during a supply crunch on building materials was retarded.
Posted on 12/21/23 at 9:43 am to Darth_Vader
quote:
How long is the 0% financing period? I ask because if you’re buying a $1,500 iPhone it would take you 75 months to pay it off. And that’s if it’s 0% interest for the entire six years and three months of the term.
It’s 24 months. And I was a little off. It’s 24 a month.
The 1200 dollar iphone is more like 500 or 600 after trade in which is what everyone I know does.
Posted on 12/21/23 at 9:43 am to Dawgfanman
quote:There is truth in this concept.
A family making 35k gets enough govt subsidies that they really make closer to 50k. Probably get damn near 10k at tax time.
I'm not sure of the number* but conceptually this is correct.
*Obviously it varies as to Cost of Living....
Posted on 12/21/23 at 9:44 am to Darth_Vader
quote:
This post brought to you by someone stupid enough to vote for Joe Biden and Barack Obama then whine about how they can’t afford shite and life is unfair.
Wrong
Posted on 12/21/23 at 9:44 am to jclem11
quote:
The prices are not cheap any longer dude. Keep coping though.
I literally said in my previous post that an option is to wait it out. It's what I'm actually doing right now.
I know you expect to get everything you want when you want it, but that ain't reality. Your parents should've taught you that when you were 5.
ETA: Both rates and prices were much lower a few years ago. Why didn't any of you buy then? They're both high now, why can't you wait a bit longer?
This post was edited on 12/21/23 at 9:46 am
Posted on 12/21/23 at 9:45 am to Darth_Vader
quote:
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.
You seem upset, it’ll be okay snowflake
Posted on 12/21/23 at 9:45 am to Dawgfanman
quote:
My wife and I make 3 times the median income for our area and live in a house worth 1/2 the median home
Congratulations on having a wife who is cool with that. It's not the prevailing mindset.
Posted on 12/21/23 at 9:47 am to DownshiftAndFloorIt
quote:
It's not the prevailing mindset.
So the expectations don't align with the means. One of them will need to change.
And I'm not sure if it's been discussed yet, but what do some of you who feel you are entitled to a cheaper home want to happen? What do you think will fix this for you?
This post was edited on 12/21/23 at 9:49 am
Posted on 12/21/23 at 9:48 am to JohnnyKilroy
I just looked at my verizon bill and it looks like my new iphone 13 was about 700. 36 $19 payments, 0 interest.
Posted on 12/21/23 at 9:48 am to DownshiftAndFloorIt
quote:my kid would build this tomorrow and owns the land but can't do it himself due to work. Find me a contractor willing to do this in NW La. We will hire them today.
You could easily build a raised 1200sqft house for $100k
Posted on 12/21/23 at 9:48 am to GreatLakesTiger24
quote:
i'm pretty sure he drives a new 911 lol.
It ain’t new but yea lol.
I’m eating good out here. Doesn’t mean I can’t see how shite is rough out there for a whole lot of people.
Posted on 12/21/23 at 9:49 am to Chucktown_Badger
quote:
I literally said in my previous post that an option is to wait it out
But I thought rent was literally lighting money on fire?
quote:
I know you expect to get everything you want when you want it, but that ain't reality. Your parents should've taught you that when you were 5.
Why are you preaching? lolz.
I am an outlier for my age regarding finances, career, and homeownership. This discussion does not affect me personally. I'm a filthy rich person.
I am aware enough to realize it is a frickin struggle for a lot of folks and I'm not arrogant enough to preach the stupid messages like don't go to starbucks or watch netflix like you idiots.
quote:
Both rates and prices were much lower a few years ago. Why didn't any of you buy then
I did. I've owned my home for 5 years now and have a fancy 3.6% rate.
Posted on 12/21/23 at 9:52 am to jclem11
I always enjoy the out of touch boomers vs the out of touch millennial threads. As Gen X I'm sitting pretty.
This post was edited on 12/21/23 at 9:56 am
Posted on 12/21/23 at 9:52 am to DownshiftAndFloorIt
quote:
Congratulations on having a wife who is cool with that. It's not the prevailing mindset.
I never asked her if she’s cool with it. She probably wants a bigger house to fill with useless shite. Our house is clean, safe, adequate, and most importantly nearly paid off. Too many men and women have convinced themselves they deserve a giant show home. That it’s an investment. A home is an expense, like a car…seeking to minimize what you spend on it is the goal at least to me.
Posted on 12/21/23 at 9:52 am to jclem11
quote:
But I thought rent was literally lighting money on fire?
It's not ideal, but remember, you marry your home price, you only date the rate. I'm waiting for home prices to come down and saving whatever else I can.
quote:
I am aware enough to realize it is a frickin struggle for a lot of folks
This is not a new concept...young people just starting out attempting to gain a foothold. We struggled too, the 2000s saw some of the highest home prices in history. My starting salary was $24,000 living in Chicago, though I got some overtime. It was rough, but I still had a blast and busted my arse. It pays off.
quote:
I did. I've owned my home for 5 years now and have a fancy 3.6% rate.
That's awesome. I refi'd down as well, and then sold to move a year later because Chicago is a sinking ship. And now we wait.
This post was edited on 12/21/23 at 9:54 am
Posted on 12/21/23 at 9:53 am to jclem11
quote:This.
I am aware enough to realize it is a frickin struggle for a lot of folks and I'm not arrogant enough to preach the stupid messages like don't go to starbucks or watch netflix like you idiots.
I do extremely well, and when I include my wife’s income we have no problems at all.
I am an outlier for the millennial generation.
That doesn’t mean that the situation is abysmal for my and the younger generations average individual.
Posted on 12/21/23 at 9:54 am to madamsquirrel
You'd have to build it yourself.
Which is yet another aspect of this. It's damn near impossible to build your own home nowadays where it was commonplace a few decades ago.
Which is yet another aspect of this. It's damn near impossible to build your own home nowadays where it was commonplace a few decades ago.
Posted on 12/21/23 at 9:55 am to Dawgfanman
quote:
A home is an expense, like a car…
A car is a depreciating asset
Posted on 12/21/23 at 9:56 am to Chucktown_Badger
quote:It isn’t a group of people who are “just starting out”.
This is not a new concept...young people just starting out attempting to gain a foothold.
The millennial generation has been out of college for damn near 20 years at this point.
That is the issue.
Then you can include the younger generations who are incredibly nihilistic and you are heading for a political and social nightmare that, I’ll point out, the older generations aren’t going to die before experiencing.
This shite needs to be fixed now before it gets out of hand.
This post was edited on 12/21/23 at 9:56 am
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