I'm probably going to take out a loan to repair my car so that I can get it running for another year so that I can save up enough for a down payment on another shitty car. That's where I am in life.
A complete retard can sometimes describe a problem correctly, even though his proposed solutions might be pants on head. The point is that young people today make way, way less money than their parents did. Which makes sense, seeing how boomers first doubled the workforce with the women, then quadrupled it with immigrants... and then outsourced all the real jobs to China, kek.
>green party is opposed to mass immigration.
often they are - because they are against capitalism, and capitalists are the biggest proponents of mass immigration
Not just that. Think marriages. Even if both of you take out a loan to buy a home, there's no guarantee you'll both keep your jobs, not to mention women are being told, that if marriage doesn't make them happy all the time, if there are difficulties, then it's okay to divorce the guy, saying her problems are his fault. Nowadays, even if today both of them are in love, a few years from today it might be over and she'll look for other options. There are many cases where after the divorce, the home bought with a loan has to be sold and the guy has to pay his former spouse alimony, making his situation much worse than before the marriage. If it was difficult as hell to get funding for the home, after divorce it becomes impossible for him.
It’s not that they’re giving up, interest rates are nearing 8%. Most of them want to live in/near a major city. Where 250K can essentially give them a 1b condo, with high condo fees and property taxes. On the contrary you can get a decent single family house in certain states but in the rural/2-4 hours away from a city. Calm, peaceful, no naggers also no high paying jobs.
nagger go look up the prices literally anywhere in this country now. Even shithole Calgary is inflating like crazy. Its always some rural fuck tard living with their parents telling people not to live in cities like its some sort of fucking hidden knowledge
Well, until you make more than 80K a year and begin investing both time and money into investments, you may just have to live like a serf before you can truly begin buying and selling property. Even in Canada, there should be no excuses for lying about doing nothing and blaming your pink dictator.
Are you fucking retarded? Jobs here pay less the the poorest southern states and the cost of living is on par with San Francisco. How the fuck can you invest when the above average job doesn't even pay enough for the day to day needs.
2 weeks ago
Anonymous
Sneed sells feed and seed, which is completely normal. Chuck, on the other hand, sells fuck and suck.
As an American, we do not have this problem over here in our great country. All one simply has to do is make over 70K+, live frugally, take out and pay off loans, and invest wisely in the market and in themselves. I bought my first house at 27 and am currently paying off the loans I took out for it with my two jobs (government and freelance). What excuses do you have, maple?
My city was used to park corrupt CCP wealth offshore with the aid of the provincial government for an entire decade before covid hit. A crackshack is one million dollars and the rest of the country is frozen wasteland 8 months of the year with no jobs outside of the other corrupt cities. America has 50 states with diverse economies and geography. In Canada we all huddle up cities along the border. Americans really do live in their own little retard consumption bubble.
$71k in 2010 is equivalent to $100k in 2023.
Average price of a new home in 2010 was $270k.
Average price of a new home in 2023 is $500k.
Something is wrong here and I don't think it's investing or saving.
At least for America, there's been a big concentration of workforces into the cities. This "local population boom" has priced out housing in and around every major city.
You can still get cheap land and housing in the boonies but the factory jobs that used to be spread around don't exist anymore. It all went to China.
Seriously. I grew up in the boonies. My dad worked at good factory job. That kind of stuff just isn't around anymore. Not reliably, anyway. There's some farm work but not nearly enough to sustain rural populations. And people don't want to commute 2 hours to work.
Remote work would help, but there's a limit on how many jobs can be done at home. e.g. I work a good programming job, but the system I work on can't be handled remotely and they aren't going to install one in my house.
I want a house but it’s not feasible or necessary if I’m being realistic. I’m a single guy, renting is easy enough for the time being. Most of my friends that have acquired homes either got major assistance from their parents or went in on it with a partner/spouse. I could probably get into a place if I hustled but then I’d be paying 7% interest on a $300k~$400k mortgage + taxes, insurance, maintenance, utilities, etc. In a rental I don’t have to worry about shit.
Short attention spans compounded by "depression" leading them to have no long term plans and poor financial planning. They waste endless money on dumb shit and sure, it's a little harder to afford a house now but other luxuries and extended lifespans make up for the difference.
idk, what are my options here, paying a house 5x the price it's worth, but I can't afford it so I'll get a mortgage, which means I'll end up paying even more for it thanks to interest? why would I give up on such a great deal?
because they don't think all they want is muh house. I was ready to buy for 7 years and waited around for the right one and scooped it up on a 2.5% rate and it appraised at $20k asking price and I bought it for $7k under asking. The neighborhood is developing nicely and in 2 years I have $63k in equity and plan on staying for at least 10 more years and do renovations and additions that my dad made me promise I would use the money for their house on.
I have conflicted feelings towards home ownership. Getting a loan for a house if effectively signing a deal with the bank that you will be employed until the loan is payed back in full. It's giving yourself over to the bank in a way.
>housing prices are too high >a mortgage is expensive and kind of hard to get >no more fixed-rate mortgages, everything is EURIBOR + spread >paying off a piece of concrete for 20 - 30 years - lol, lmao even >house/apartment upkeep is expensive >most of where I might want to buy is seismically active
I already have a suitable apartment and It's actually cheaper for me to rent it out, pay rent somewhere else and still have money left to cover insurance etc. Buying real estate with your hard-earned goybucks is a racket here.
Why can't they just report the actual total interest when applying for a loan? I just checked with a loan calculator, a house worth 250,000 will accumulate 174,000 in interest over a 25 year period. It would be more honest and transparent to advertise a 70% total interest rather than a 4,8% one.
>Why can't they just report the actual total interest when applying for a loan?
Because rates are (almost) always expressed in annual terms.
And doubtlessly also because it would spook people in this case. >I just checked with a loan calculator, a house worth 250,000 will accumulate 174,000 in interest over a 25 year period.
I actually had difficulty believing that, thought you must have forgotten to discount the gradual lowering of principal but no, I was wrong: >LOAN AMOUNT: ~252k EUR >MONTHLY COST: 1570 EUR >DURATION: 25 y (300 months) >INTEREST RATE (variable): 4.11 + 1.55 = 5.66% >TOTAL AMOUNT FOR REPAYMENT: ~472k EUR >NOMINAL DIFFERENCE: 472k - 252k = 220k EUR
If you own a house and lose your job some rich boomer investor will buy it from you for less than it's worth.
If you rent and you lose your job you can just refuse to pay rent, squat in the house and tie them up in court battles. When you get evicted 18 months later you don't have to pay any of that rent, you just get evicted.
Reminder that taking a mortgage loan to get a house is not you owning the house. The bank de facto "owns" your house and you're effectively paying rent to one day have full rights to it.
Pass.
Something just feels off about this one.
She’s beautiful but dangerous
She looks as plain as fuck. The lesbian haircut and that stupid expression make it worse.
I'm probably going to take out a loan to repair my car so that I can get it running for another year so that I can save up enough for a down payment on another shitty car. That's where I am in life.
House is too expensive for millennials and zoomers, they must live in their boomers basement or in shared soipods.
Somehow I doubt the Aussie green party is opposed to mass immigration.
But they are in favor of commie blocks.
A complete retard can sometimes describe a problem correctly, even though his proposed solutions might be pants on head. The point is that young people today make way, way less money than their parents did. Which makes sense, seeing how boomers first doubled the workforce with the women, then quadrupled it with immigrants... and then outsourced all the real jobs to China, kek.
Alot of jobs got automated too.
>green party is opposed to mass immigration.
often they are - because they are against capitalism, and capitalists are the biggest proponents of mass immigration
Also a sizeable percentage of people have precarious employment which makes securing a mortgage a very difficult even they can find a down payment
Not just that. Think marriages. Even if both of you take out a loan to buy a home, there's no guarantee you'll both keep your jobs, not to mention women are being told, that if marriage doesn't make them happy all the time, if there are difficulties, then it's okay to divorce the guy, saying her problems are his fault. Nowadays, even if today both of them are in love, a few years from today it might be over and she'll look for other options. There are many cases where after the divorce, the home bought with a loan has to be sold and the guy has to pay his former spouse alimony, making his situation much worse than before the marriage. If it was difficult as hell to get funding for the home, after divorce it becomes impossible for him.
why can't all young people just agree to move to some meh city with low crime
It’s not that they’re giving up, interest rates are nearing 8%. Most of them want to live in/near a major city. Where 250K can essentially give them a 1b condo, with high condo fees and property taxes. On the contrary you can get a decent single family house in certain states but in the rural/2-4 hours away from a city. Calm, peaceful, no naggers also no high paying jobs.
Because I dont have a billion dollars to buy a home.
Because people are dumb and do not understand how to invest or save money for that matter.
>t. Retard in a flyover
houses in the vast majority of hot job markets are inflating faster than people can even save for a down payment
Maybe don't pay 500 grand for a shitty one bedroom bungalow in a pajeet or nagger infested shithole then bramptonite
nagger go look up the prices literally anywhere in this country now. Even shithole Calgary is inflating like crazy. Its always some rural fuck tard living with their parents telling people not to live in cities like its some sort of fucking hidden knowledge
Well, until you make more than 80K a year and begin investing both time and money into investments, you may just have to live like a serf before you can truly begin buying and selling property. Even in Canada, there should be no excuses for lying about doing nothing and blaming your pink dictator.
Are you fucking retarded? Jobs here pay less the the poorest southern states and the cost of living is on par with San Francisco. How the fuck can you invest when the above average job doesn't even pay enough for the day to day needs.
Sneed sells feed and seed, which is completely normal. Chuck, on the other hand, sells fuck and suck.
As an American, we do not have this problem over here in our great country. All one simply has to do is make over 70K+, live frugally, take out and pay off loans, and invest wisely in the market and in themselves. I bought my first house at 27 and am currently paying off the loans I took out for it with my two jobs (government and freelance). What excuses do you have, maple?
My city was used to park corrupt CCP wealth offshore with the aid of the provincial government for an entire decade before covid hit. A crackshack is one million dollars and the rest of the country is frozen wasteland 8 months of the year with no jobs outside of the other corrupt cities. America has 50 states with diverse economies and geography. In Canada we all huddle up cities along the border. Americans really do live in their own little retard consumption bubble.
$71k in 2010 is equivalent to $100k in 2023.
Average price of a new home in 2010 was $270k.
Average price of a new home in 2023 is $500k.
Something is wrong here and I don't think it's investing or saving.
>are dumb and do not understand how to invest and save
It's not about lack of knowledge or information, it's about lack of interest.
Kill yourself boomer
Housing is for investment and having children.
Nobody wants to have children with millennial women.
I still live with my parents
At least for America, there's been a big concentration of workforces into the cities. This "local population boom" has priced out housing in and around every major city.
You can still get cheap land and housing in the boonies but the factory jobs that used to be spread around don't exist anymore. It all went to China.
Seriously. I grew up in the boonies. My dad worked at good factory job. That kind of stuff just isn't around anymore. Not reliably, anyway. There's some farm work but not nearly enough to sustain rural populations. And people don't want to commute 2 hours to work.
Remote work would help, but there's a limit on how many jobs can be done at home. e.g. I work a good programming job, but the system I work on can't be handled remotely and they aren't going to install one in my house.
How do I do it with £18/hour?
Talking about a detached house, no semi detached cancer.
You simply need to get a better paying job
take neetbux and start a business is the only way
I want a house but it’s not feasible or necessary if I’m being realistic. I’m a single guy, renting is easy enough for the time being. Most of my friends that have acquired homes either got major assistance from their parents or went in on it with a partner/spouse. I could probably get into a place if I hustled but then I’d be paying 7% interest on a $300k~$400k mortgage + taxes, insurance, maintenance, utilities, etc. In a rental I don’t have to worry about shit.
Because we remember 2008
Short attention spans compounded by "depression" leading them to have no long term plans and poor financial planning. They waste endless money on dumb shit and sure, it's a little harder to afford a house now but other luxuries and extended lifespans make up for the difference.
idk, what are my options here, paying a house 5x the price it's worth, but I can't afford it so I'll get a mortgage, which means I'll end up paying even more for it thanks to interest? why would I give up on such a great deal?
>why do millenials x?
>pic of soe
You've been doing this for years
It's Yames.
Check the archives we regularly have threads about this.
because they don't think all they want is muh house. I was ready to buy for 7 years and waited around for the right one and scooped it up on a 2.5% rate and it appraised at $20k asking price and I bought it for $7k under asking. The neighborhood is developing nicely and in 2 years I have $63k in equity and plan on staying for at least 10 more years and do renovations and additions that my dad made me promise I would use the money for their house on.
I have conflicted feelings towards home ownership. Getting a loan for a house if effectively signing a deal with the bank that you will be employed until the loan is payed back in full. It's giving yourself over to the bank in a way.
>housing prices are too high
>a mortgage is expensive and kind of hard to get
>no more fixed-rate mortgages, everything is EURIBOR + spread
>paying off a piece of concrete for 20 - 30 years - lol, lmao even
>house/apartment upkeep is expensive
>most of where I might want to buy is seismically active
I already have a suitable apartment and It's actually cheaper for me to rent it out, pay rent somewhere else and still have money left to cover insurance etc. Buying real estate with your hard-earned goybucks is a racket here.
Why can't they just report the actual total interest when applying for a loan? I just checked with a loan calculator, a house worth 250,000 will accumulate 174,000 in interest over a 25 year period. It would be more honest and transparent to advertise a 70% total interest rather than a 4,8% one.
>Why can't they just report the actual total interest when applying for a loan?
Because rates are (almost) always expressed in annual terms.
And doubtlessly also because it would spook people in this case.
>I just checked with a loan calculator, a house worth 250,000 will accumulate 174,000 in interest over a 25 year period.
I actually had difficulty believing that, thought you must have forgotten to discount the gradual lowering of principal but no, I was wrong:
>LOAN AMOUNT: ~252k EUR
>MONTHLY COST: 1570 EUR
>DURATION: 25 y (300 months)
>INTEREST RATE (variable): 4.11 + 1.55 = 5.66%
>TOTAL AMOUNT FOR REPAYMENT: ~472k EUR
>NOMINAL DIFFERENCE: 472k - 252k = 220k EUR
I knew it was but bad but this is just retarded.
P.S.: This garbage loan is only available if you post real estate as collateral.
>annual terms
and sometimes, when you do the math, it's actually the annual rate multiplied by Euler's number per year
i'll keep living in my van till housing price goes down
It's impossible.
baby boomers own a wealth of $70 trillion. who do you think is gonna inherit it.
I can't afford that shit, I don't want to be tied to a ~~*loan*~~ on a thing I can't move. I'm buying a van, no one can stop me.
If you own a house and lose your job some rich boomer investor will buy it from you for less than it's worth.
If you rent and you lose your job you can just refuse to pay rent, squat in the house and tie them up in court battles. When you get evicted 18 months later you don't have to pay any of that rent, you just get evicted.
I'll take the option that fucks boomers the most.
You cannot own the planet, no matter what kings and princes say.
Reminder that taking a mortgage loan to get a house is not you owning the house. The bank de facto "owns" your house and you're effectively paying rent to one day have full rights to it.
I can afford a deposit on a house but it's a big commitment being tied down to one place.