Im an old millennial, I work because I have a passion for not being homeless lol. I feel pretty burnt out all the time, but there arnt any other options. The zoomers will be in the same situation soon.
There will absolutely become a time where this young crowd HAS to have somewhere to live. Problem will be do they have credit? Do they have savings? And the answer will be no, and thus we're in a viscous circle.
...yes, but can't they still work, and pay their parents rent? I don't understand. And why buy a house? The trick is NOT to focus on lumbering yourself with a house. Buy a van, save your money, (THEN) get a house...
One of the pitfalls to 'van now house later' is when the cost of the houses go up at a rate higher than your pay. I was trying to buy land where I live 5 years ago and despite constantly saving I'm actually a little further away than when I started
A house is just an example, cars are more expensive, vans are more expensive. Everything is increasing in price. Yes you could always pay your parents rent, but what about savings?
Totally agree. 2008 was like a Masters Degree for some of us. As a business owner, it was all out survival mode, you either walked away or you did what you had to do to survive.
You work ALL of your time to make money for other peoples goals and profit. Money that's literally losing value if you do spend it or not. Everything you buy is a piece of shit, and maintaining anything you can hold onto is outrageously expensive and nobody else that its job to fix it does their work either... Why should we?
the house pricing is about exactly what we seen as well.we bought our first house in 2005 for $150k....we sold it in 2017 for $190k when we built our new house.those owners sold it in 2022 for just over $300k!so our house doubled in less 18yrs and most of that ($100K) in the last 5yrs!there is no way that we would pay(or anyone else)that much for that house!it was new when we bought it and is nice with a finished basement that i did....in comparison,we built our new house with a 36x44 shop for $420k in 2018!we"ve been told numerous times that we caught it before the increase and is worth well north of $600k just to build now!just insane
Yeah don't listen to this guy. Get the work done, pay for your fireworks and stuff. After covid we the people decided to bring the prices of lumber down and for 2 years didn't purchase any of it. We made it crash in order to stop the overpricing of it. Same goes to housing. Stop buying. Don't let the rich get richer. Save money or buy land. There a thing to do. Invest in el salvador with Google etc. Figure it out.
Stopping buying houses won't make the houses any less valuable. And the reason is everyone needs to live somewhere. Unless half the population decides to spite house prices by living in cars or on the streets the house prices will always be high.
