Can’t imagine why
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)
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.
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, $100 doesn’t even hope to fill a grocery cart, and we’re enjoying yet another “unprecedented” planned financial crisis in our lifetimes, what do you want from me here.
I have almost 200k put away and it isn’t enough.
So if younger generations have less and less capital with which to enter the housing market, then where does the value appreciation come from I wonder?
House flippers keep buying houses, painting shit white, then selling it to another flipper for 100k more than they bought it for
At this rate HGTV will have turned everyone on Earth into a house flipper by mid next year.
But but 50 year mortgages. Pounce now and you can own by 90
Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.
Yeah, we’ve decided that we’re just gonna pick a house we like and move in. If someone lives there, they can live under it. Got 64 more layers til bedrock, right?
Yeah, don’t know where you’re going with this. But I said I was lucky in the first few words.
I have so much debt that I’m certain this regime will fuck up and make it worse for me, there’s little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I’ll never own a home, never retire, I barely have a comfortable life. Tell me what I’m not doing what those intrusive thoughts are telling to do again?
declare bankruptcy, that’s what it’s for
It doesn’t clear student loan debt, I have to have a level of hardship I don’t have. I’m able to pay my debts but I’m left with little afterwards. It’s a crummy catch 22 system overall and bankruptcy isn’t a magical get out of debt want. It hampers you in the new red lining they call “Credit Score.”
ooooooh, yeah…for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/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-amerikka paradise and we probably have a 2nd civil war…either way not your problem
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
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.
Mainly the issue is not being able to afford a house, but being able to afford a house close to civilization.
There’s plenty of houses to buy for 5 000 € or less but in places where the closest store is 100 km or more away.Holy shit in the US a one room shack 100km from civilization would be like $80000 plus.
My uncle is retired so the distance didn’t really bother him. He bought a 1200sq/ft(~111m2) 1 bedroom 1 bathroom house built in the 1890’s in a town with a population of about 900….It was still $87K. So you were pretty much right on.
Well a house like that would be more expensive as well because it’s a turn-of-the-century house (sekelskifte). But a more modern house can easily go for much less. The further from stores, schools and healthcare the cheaper the house.
It’s just an old town in the literal middle of nowhere farm land USA. It’s a dying town. The 2025 census estimates put the population under 800 now.
and those places arent any better than the cities, small town america is even more corrupt than the cities.
I’m glad I bought my house when interest rates were just barely above 3%. I couldn’t afford my home if I had to buy it today.
This fucking economy sucks and we need to start removing everyone in power forcefully until the problems go away. Then start again.
That’s okay, people like Vince Zampella still get their Ferraris to crash into walls at 100mph,
I have a suggestion.
TLDR: High density, owned housing, professional management, restrictions on owning other properties.
To avoid HOAs misusing funds, allow people to own, and build high density: build apartments for sale, to be managed by corporation. Corp is funded by reasonable fees set before construction as a percentage of value of property. Apartment owners can vote to fire incompetent managers, otherwise, managers are free to choose how to effectively run complex. Salary is fixed.
To encourage a builder to take on the project, we have 20-50 people sign up to buy apartments. They have to put down a refundable deposit of $100 to get on the list, and $5000 to the builder (applies to down payment) when building starts.
Deed restrictions, created before breaking ground, prohibit ownership of an apartment by:
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any corporation
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any individual that owns another home or is on a corp that owns rental properties (excludes REITs if shares owned is below 5% market cap)
I wish younger generations would take over trailer parks.
I would never ever ever buy a property with an HOA.
Honestly that’s the problem: Good friggin luck finding one in any desirable place to live. People without HOA’s seem to be rather distant from opportunity, or in crappy rundown parts of town.
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