what would marx do?
what would mao do?
I just bought the cheapest house that was bearable to live in. It was $40k cash.
It’s very hard to find single-family dwellings that are small enough to be cheap enough…
Where is this 40K house? Does it need 100K in repairs?
Older than millennials and accepted that I’ll never own a home. This is despite having money. Not where we want to live, anyway.
We could swing it if we accepted living in a shithole like Utah, but then I’d hate my life.
I sold my house in Utah and bought a better one for less back east. Utah is indeed a shithole, but property there is expensive as fuck.
At this point it’s easier to join a movement to tax private ownership of essentials, than saving for a home
Am 43. Owned a falling-apart trailer for two years til it leaked enough carbon monoxide to almost kill me. Couldn’t afford maintenance. I have one Aunt left to live with and when she passes I’m expecting to be homeless again. I’ll never afford my own home. Yes, I’ve looked up “assistance” for disabled and therefore low income ppl in my area, and many other areas as well bc I’d move for a home again in a heartbeat, but that stuff simply isn’t funded anymore. I feel like I’ve been moving from one family to another who will temporarily adopt me for the last 15 years.
I have almost 200k put away and it isn’t enough.
EU has countries where 200 is sufficient for a good house. Government is a bit better too.
Costa Rica will give you an immediate permanent residency if you bring that capital over to them. But please for the love of god learn Spanish and embrace their culture if you move. That country is remarkable and it needs to stay that way.
But but 50 year mortgages. Pounce now and you can own by 90
I’d love to buy a home
I just can’t do it any time soon due to ballooning prices where I currently live
airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.
Even if you had high wages, it’s really difficult with all of this inflation.
Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.
Yeah, we’ve decided that we’re just gonna pick a house we like and move in. If someone lives there, they can live under it. Got 64 more layers til bedrock, right?
Yeah, don’t know where you’re going with this. But I said I was lucky in the first few words.
i don’t know where i was going with this halfway through the sentence either. yesterday was a weird day
Special news report coming in: Water is indeed wet.
I’m a millennial with a house but no retirement savings, and the WSJ tells me the average millennial has over $1m in retirement assets now, so fuck y’all and your privilege. (I’m just kidding, I know you’re poor too)
Is that the median or mean average? The worse that inequality is the more it distorts mean averages and the less it tells you about the majority.
Love all those articles that are like “By 30 you should be saving and have this much for retirement by now…”
Like lol the car made a funny noise, $100 doesn’t even hope to fill a grocery cart, and we’re enjoying yet another “unprecedented” planned financial crisis in our lifetimes, what do you want from me here.
Mate, there is no chance the average millennial has over $1m in retirement assets. The average Gen X doesn’t have that much and we have been working a lot longer.
Depends on the ‘average’. Mean? Yes; median? probably not
lol 😂 what a sick twisted sense of humor.
So if younger generations have less and less capital with which to enter the housing market, then where does the value appreciation come from I wonder?
House flippers keep buying houses, painting shit white, then selling it to another flipper for 100k more than they bought it for
At this rate HGTV will have turned everyone on Earth into a house flipper by mid next year.
I have so much debt that I’m certain this regime will fuck up and make it worse for me, there’s little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I’ll never own a home, never retire, I barely have a comfortable life. Tell me what I’m not doing what those intrusive thoughts are telling to do again?
declare bankruptcy, that’s what it’s for
It doesn’t clear student loan debt, I have to have a level of hardship I don’t have. I’m able to pay my debts but I’m left with little afterwards. It’s a crummy catch 22 system overall and bankruptcy isn’t a magical get out of debt want. It hampers you in the new red lining they call “Credit Score.”
ooooooh, yeah…for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/month?), then pretending the rest doesn’t exist.
eventually, either a sane government comes into power and clears all actively paying debts for an easy voter-support win, or the USA collapses entirely into a MAGA-amerikkka paradise and we probably have a 2nd civil war…either way not your problem
Nope, they killed the SAVE act so it’s gone up significantly from under that. If you don’t meet minimum payments it’s considered defaulting and you can bet this regime will be aggressive in collecting that money.
They’re already talking about garnishing wages.
Is it possible to take out another loan and use that to pay off the student loan, then declare bankruptcy for that new loan? I’m sure there must be a rule against this, I can’t be the first to think of it.
