Can’t imagine why
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’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.
Pretty sure it’s average if it’s true. It’s 100% NOT the median. Median is probably $50k or less if I had to guess. There is a scary chunk of society that can not afford a $500 emergency. It’s awful.
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
There is no fucking way in Hell the average millennial has even $100k in savings.
lol 😂 what a sick twisted sense of humor.
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.
I especially love how people continue to have
childrenslaves in such hopeless conditions.
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.
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.
Ready to flip the table
Private equity firms own 10% of all units in the US.
Us Millennials sure do love destroying industries by non-participation such as… lemme check my notes here… housing. Pack it in, chaps, another job well done.
But but 50 year mortgages. Pounce now and you can own by 90
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
I’m a millennial homeowner and the only way I managed to do so was after getting a toehold in a cheaper market.
I just bought the cheapest house that was bearable to live in. It was $40k cash.
It’s very hard to find single-family dwellings that are small enough to be cheap enough…
Where is this 40K house? Does it need 100K in repairs?
I haven’t seen 40k, but at least near me, if you’re willing to live way out in the country there’s still a few around the 60k to 70k range.
The tricky part is finding a house like that AND finding a job in the area. Remote work would be spotty if you are relying on satellite internet
I have so much debt that I’m certain this regime will fuck up and make it worse for me, there’s little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I’ll never own a home, never retire, I barely have a comfortable life. Tell me what I’m not doing what those intrusive thoughts are telling to do again?
declare bankruptcy, that’s what it’s for
It doesn’t clear student loan debt, I have to have a level of hardship I don’t have. I’m able to pay my debts but I’m left with little afterwards. It’s a crummy catch 22 system overall and bankruptcy isn’t a magical get out of debt want. It hampers you in the new red lining they call “Credit Score.”
ooooooh, yeah…for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/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.
You have to find someone who would do so without collateral of some sort. Which you’re not likely to find so you’d lose that collateral in the bankruptcy proceedings. Even federal student loans are predatory.
Starting next month I thought.
Jeez, already? Ugh
Get ready to buy the dip
The only dip I can afford to buy:
Look at this guy affording name-brand dip
From France even
the casino is honestly pretty easy to pull from once you know how it works, easiest $ i’v ever made.
especially a raging bull market like this…after i figured it out, have made more in the last 3 months than i made working honestly the last 6-7 years. and i’m not even doing the real risky stuff like shorting
that’s where all these rich fucks put their ratfucked money from uncle sam…crashes like the one the wolves are building to now represent the best shot most plebs have at grabbing any serious amount of wealth for themselves.
the game is rigged, keeping your chin high and playing fair only insures you stay poor, unempowered, and eventually disillusioned.
Reminiscences of a Stock Operator (written over a century ago) is a pretty good primer for anyone who wants to see just how this all works. wallstreet and bankstreet never changes, it just occasionally rebrands.
I read “clip” at first. As in: “16 in the clip and one in the hole.”
I’d love to buy a home
I just can’t do it any time soon due to ballooning prices where I currently live
at this point they’re just rubbing it in
In 2018 I bought a $30000 condo through fannie may, in a really bad part of the city. It wasn’t great, but I had the basic necessities, utilities, bath and bed. Property taxes were under $500 per year. The down side was that I couldn’t just ask people to come over, I had to always watch out for people who were watching me. I had someone let out a burst of bullets outside my bedroom window on easter morning 6am. A car alarm with the level sensor saved me tons of money. It wasn’t the greatest but if we’re talking about survival and living in an RV is outlawed, then gentrification is the next option.
I would live in a nice sized RV if any fucking city in america woyld let you park the thing. Cities hate RVs
as they should
House me properly or get the fuck out of my way while i do the best i can on my own NIMBY.
Shit I live in a relatively nice part of the city and we still get occasional bursts of gunfire a few times per year. That’s just part of the American dream.
I live in this weird little cut of houses tucked in the woods but between three different neighborhoods in the city. One day I was raking leaves and found a loaded Glock with an extended mag someone must’ve just chucked at my house.
It was actually in pretty decent shape but no way am I keeping a potentially hot gun.
