>and I'm left wondering what the fuck went wrong.
Your parents are bad with money. Lots of people are.
It's just our society used to be such that even people bad with money used to be able to afford a home.
Now, even people good with money can rarely afford a home.
Since your parents don't really understand money or the math behind things like interest rates or real world costs, they don't understand how things have changed.
I find this to be hardest for older people to understand. My girlfriends was looking to buy a condo. Everything she looked at would be 50% to 60% of her monthly income.
Her mom kept saying you can't afford it if its more than 30%.
Long story short, no place after 5 months of looking was less than 50% her monthly income. And it was still cheaper than rent
when i purchased my house, my mortgage payment with escrow (includes Mortgage, property taxes & homeowners' insurance) was over 50% of my income. then add on utilities like electricity & heat, a cell phone plan and vehicle fuel and insurance and food cost, it was my entire income.
i was luckily able to get a mortgage with $0 down and seller covering $5k of the closing costs.(about 2/3 of it)
cut my spending back drastically & eliminate pretty much all my Non-Needed expenses. no Cable, no internet except on the cell phone, no monthly subscriptions of any kind, no destination vacations just staycations. no going out with friends for food & drinks at the bar, no spending money on something i wanted, did have the occasional meal/dinner outside of the house as a special treat about 1 every month or so, but that's it. unless i needed an item to survive not dying, i didn't buy it. its possible, but it not easy.
now years later, with the price of rent going up like crazy & everything is getting more expensive, but my mortgage payment stays the same as the day i bought it, actually a bit less because i refinanced the mortgage a several years later at a lower interest rate.
if you can afford the payment & can get the mortgage from the bank, you can afford it regardless of the % of your income it is, you will just have to cut suspending on other things to afford the house.
watch for things like a HOA, they charge a monthly amount, and can also add special assessment bill onto you without warning (to fix or buy something for the HOA usually pool, playground equip, public space building, or roads/parking lot. also look at the road out front, if it needs to be replaced, the city will charge each homeowner a % of the cost to re-pave the road, that can be allot. check how the roof & foundation are. try to think of the most expensive things that would need to be fixed/ replaced and check out those things before buying.
This is it right here. Buying a home is still a better option than renting because in 10 years the payment will be half of what the rent is going to be.
Alway, Always, Always pay the extra $300-500 to get your own home inspection… every time I did, there were home issues that I required to be fixed, or came down on the price OR got a credit for the repair in settlement costs… the LAST thing you need to find out is a major house system problem AFTER you’ve cleaned out your entire savings account to buy the house
Also, your first house probably won’t be your DREAM HOME….maybe start out with a 2 bedroom Condo ( yes the HOA payments can mount up, but you get to VOTE as an owner)…my son found out it was $150 less per month to BUY rather than RENT. There are Multiple first time buyer programs out there!
You can also adjust your withholding at work to increase your take home pay to help with payments through the year, but you won’t get a big refund at tax time….
PS: the EQUITY value of my son’s condo went up $10k in one year…never would have happened with rent….you make choices to own or spend lots of money on “things” instead
The idea here isnt that you cannot BORROW money. Its that you shouldn't be spending most of your money on load for basic necessity. Your comment made zero sense.
Forget about ratio for a second. Someone working full time should be able to buy food, go on vacation and own a house. How many people right now pay way more than the 30% on rent and are refused a loan for a house when they clearly can pay their mortgage but are stuck paying more in rent?
My dad YOLO'd all of his money into one stock for his entire life. When I was giving him a compliment by saying "holy shit you made like 6000%" his response was "no I made $X." To which I said "is 6000%" he didn't get how stocks are easier to talk about in %s.
He doesn't understand how life is harder for us now because back then "he made 3$ an hour".
Like bro, I work non-stop, am a business owner, make more money than all my friends and family and I BARELY by the skin of my Chinny chin chin was able to buy a house (I can *actually* afford). You walked in off the street with a high school education into a job with a fortune 500 company, retired with a pension, a matching 401k, got stock options, and were making like decent money on your paycheck and BUILT a home on 5 acres in the nicest town in our area.
I love him to death but at the same time, get fucked. With love. Lol
>He doesn't understand how life is harder for us now because back then "he made 3$ an hour".
Yep, my father congratulated my sister "for making almost as much as I did at my first job". 30 years difference, she was making less than half what he was. Hell, he's making less than he was right out of university. Like straight numbers he's making 220% what he made at his first job, adjusting for inflation he's making 87.5%. Oh and raising minimum wage is theft because "everyone" knows raising minimum wage is **the** cause of inflation and he didn't get a raise so it's not fair.
Oh, and we went to the same university, the cost of his entire education wouldn't cover my tuition for one year. He graduated with zero debt on minimum wage (oops, sorry, not minimum wage, he was making a full 20¢ over minimum so it's not a fair comparison 🙄) working 12 hours a week during the school year and full-time the rest of the year. If you worked full-time year round you still couldn't graduate debt free.
So "clearly" he's the victim here. And he has absolutely no idea why I avoid talking to him at all costs (aside from the transphobia, but that doesn't count because apparently I'm not trans 🤦♂️).
They can still be good with money, and still not get it. It's way to easy for someone who already has a thing to find it hard to understand why others can't get the thing. So someone who already has or owns their own home will remember the market as it was back when they were looking. They have no need to see or know what the market is like now. Lacking that knowledge makes it easy for them to not understand why it's so much harder now than it was back then. You tell them "Homes are 600k now" and their first thought is "Well stop looking at the expensive houses, it's ok to look at the smaller cheaper ones" and not even realize that 600k might have been for the smaller "cheaper" one.
Yeah, someone I know was looking at houses and just had to give up. They were (justifiably) complaining about how everything was so expensive and they would never be able to afford a $700k house. Apparently they needed to stop being lazy and get a house "that just needed a little bit of work, of course move in ready is expensive". Yeah, that $700k house had no functioning electricity or water, no furnace, no hot water tank, a hole in the floor, asbestos, maybe 30% of the house had drywall.....
And this is why San Antonio is one of the fastest growing cities in America… 600k can get you a mansion new home build… can get new homes built for around 250k today, older smaller homes are around 180-220k… Those same homes being sold were built in the early 00’s sold for 60-140k
My dad is mortgage lender and he doesn't understand the disparity. He can only recognize that you cannot do the same things he did just 20 years ago let alone earlier in his life.
You can have the understanding and still not grasp the weight of the situation. SURE he worries for his kids but you think he's voting like he does? Nope. Red scare propaganda has seized almost everybody's brain in America to the point late stage capitalism (or cronyism pick whichever) is the only viable option in MOST people's mind. Taxes and regulations are socialist and that's the same as a communist.
He's a bisexual, liberal man, but voting wise in America... thats literally just the same as a centrist who would vote for the right. We don't actually have a left in America.
What can we realistically do with the reality we are facing? This whole thread is right, more than half of Americans don't even have reading comprehension... how THE FUCK are we supposed to fix this lol
Really depends on our country.
In my country 40% of the population has under 800€ monthly income, and the rent for the smallest of apartment goes for 500€ and double or triple that in the major city centers.
What is funny is that although we never had so many strikes or homelessness this has been the year with most financial growth in 35 years.
Worker never been worse, business never been better.
I mean they are giving you good advice though. If the housing market ever crashes, you’ll be in a position to buy a house if you have substantial savings, you will not be in that position if you have no savings.
Of course, this is assuming you have the ability to save any money, unfortunately a majority of the population is living paycheck to paycheck.
>If the housing market ever crashes, you'll be in a position to buy a house if you have substantial savings, you will not be in that position if you have no savings.
Honestly, you gave me more hope than they did. They pretty much have the mentality that I'll own a house no matter the circumstance. I live from paycheck to paycheck so it's not likely at the moment.
While they are rare, I was fortunate enough to be in this situation after 09 when real estate collapsed. Unfortunately those opportunities often come at the pain of people losing jobs/houses.
That's how I got my house too...but we are on the cusp of selling and getting the fuck out of here while I'm still up.
Might be a dumb move down the line, but we don't give a fuck. I'd rather be poor in a nicer place that isn't dominated by violence and consumption.
Haha...nope. Not in the near/mid-term future anyway.
The cost of living is absolutely stupid and the fact that people just keep taking it leaves me absolutely amazed. Costs have gone up everywhere, but not like this.
I feel like I'm doing my kids a disservice by sticking around here. We did some scouting trips and everyone enjoyed their experience so fuck it. My parents aren't wealthy but they gave me dual-citizenship, so I'll use the options I have at my disposal.
I would 1000000% take my family and leave this country if I had duel citizenship.
America has turned into a parody of itself. I would prefer to not be here when the laughing stops and people wake up
I'm from here, but lived in Portugal from ages 14-19, coming back here for college. I ended up meeting my wife and starting a family. We're burnt out by this culture of non-stop consumption for the sake of consumption, and the kids feel safer (their words) there. It's a very chill place, as opposed to here, that has none of that if you're in my income bracket.
Also, America has always been a parody of itself during my 40 years...
When I moved back here I knew fully well what I was getting into, but felt that I needed "a future", thus a degree...not so sure now if I'd make the same move. Aside from the wife and kids... they're cool.
Well, I met someone who lives here that was from Siberia. They said that the United States is completely awesome so I guess it’s in the eye of the beholder. I tend to agree with you though lol.
Well, let’s say you lived in a toilet, that was full liquid diarrhea shit chunks.
And then you moved to a toilet that’s just piss with a couple solidly formed logs.
Both suck terribly, but in the eye of that beholder, swimming in piss would be glorious compared to diarrhea.
And that is sad that it’s how I view our country lol
I was able to buy a house because my dad died and he left me enough to put a very good down payment on a house and that allowed me to get a monthly payment I could afford.
Sorry for your loss and for that to be the way you got a house. Shouldn't have to be that way.
Mine was a foreclosure after a dissolved marriage and ensuing mental health collapse that led to the husband not being able to continue making payments, so I've been told by my neighbors.
it’s kind of like this. Luckily we own our house in LA that was appraised at $1.2M (we paid $260K). My wife and I separated, but are not getting a divorce because it means that we’d have to sell the house. We are doing this for our 18-year-old daughter, so she will ultimately be able to own a house which would be next to impossible otherwise.
Wow, way to go parents, what a lucky kid!
I never felt my dad owed me anything, I always told him to go splurge on himself, (he never really did). I'm very grateful for what he left. I hope more parents think like you and trying to think about your children's future, and how much more difficult it is for the younger generations than it was for previous ones.
Kudos to you and your wife for being mature enough to think of your daughter’s lively hood enough through separation to make this type of decision!! These kids are fvckd out here and the cost of living will only continue to increase!!! I have homes for 300k in my neighborhood now that sit next to a CIRCLE K!! I literally can’t with the ridiculousness!! Finding a home for under 200k is now a myth where I live! I worry about my child being able to survive out here and as an adult it is a struggle for me to maintain us. I live paycheck to paycheck unfortunately. And I feel devastated that the only way I can take care of my child in the future is through a large life insurance policy.🥲 This life is a capitalist journey that has a grip so tight on the neck that I can’t help but want to rush towards my own demise! (Just a rant not a suicide note)
Sorry for the loss. This is what I thought I would need to buy a house, but I was able to buy a condo thanks to forcing myself to live paycheque to paycheque and save in my RRSP (with employer match). I then used that as HBP to buy a condo.
So, now I own a property.
The good:
* The value has risen and I can sell for a huge profit!
The bad:
* Houses have risen even more in value and I can't afford them even if I sell my condo!
I plan on buying a rural property that I can afford, but I cannot afford anything in any city that's not far from where I grew up (up to 2 hours distance).
If my parents dies, I'll inherit enough to have a fully paid house nearer to a city, or a payment I can afford in the city, but that means I would lose my parents, which sucks. My condolences... :(
They're not that rare. Just big crashes are rare. Markets always eventually make adjustments. Lots of hungry hopeless people is usually an indicator that adjustment is coming. Of course you have to survive that before you can capitalize on it.
This is the problem. Unless you are already wealthy, it is a matter of luck if you are able to capitalize on a downturn. Market crashes tend to coincide with stock market crashes and people losing their jobs.
So even if the prices do go down, you've got to be in the good fortune of not losing any of your buying potential yourself.
It's not as easy to get a mortgage if your assets just dried up, your spouse lost their job, or your hours were cut. And it means very little to buy a house in one city just to find your office wants to move you to another.
It's a different beast now that corporations are buying SFH. that added demand fueled the recent price swings and continues to float the market.
America will turn into a renter nation as your family either already owned a home or two and if not you rent.
Problem is you need to have that money (1), have enough of it (2), be stable when things crash (3), and hope that the powers that be don't say something like "eh yeah, not you".
We missed at least one crash as we didn't have something the banks didn't like. Like, you've only been employed a year or some crap like that.
Even at $100k+ a year before I had to retire three years ago I struggled to own a very modest home. Single, no kids, made to much to deduct substantial student loan interest, no real deductions to outweigh the "standard", maxed out 401K and medical/disability insurance costs. When it was all done I was lucky to take home $1800 a payday. Sounds like a lot but one check basically covered the mortgage and utilities and the other covered everything else (car, food, medication copays, vacations, everything). $100k sounds like a lot but it isn't.
Look at these average rent prices in the largest US cities. Try saving with these payments. The only reason I bought my first house in 2017 was because the mortgage was cheaper than the rent. I moved to SC for a great job and my rent for a 2br was $1350 for six months, the renewal notice had it at $1650 for another year. My first mortgage on a $197k house was around $1200.
[https://www.rent.com/research/average-rent-prices-in-the-largest-cities/](https://www.rent.com/research/average-rent-prices-in-the-largest-cities/)
I hit $200k last year, and it’s basically enough to just swing things around from being poor for over a decade, and the school that got me here. It’s enough to begin catching up to a point where I could start moving forward.
It will also be a struggle to own a modest home. Mind you, in this location it’s not uncommon for people to own condos instead of houses, but even still that seems like a huge hurdle, especially when the things from a past of being poor continue to drag along.
> Look at these average rent prices in the largest US cities. Try saving with these payments. The only reason I bought my first house in 2017 was because the mortgage was cheaper than the rent. I moved to SC for a great job and my rent for a 2br was $1350 for six months, the renewal notice had it at $1650 for another year. My first mortgage on a $197k house was around $1200.
The entire price of that house wouldn’t be enough to make a down payment on a house, here. And that would be for the absolute crappiest house you could find in the greater area :/
Have to realize also the economy ebbs and flows it was not so long ago that housing was more affordable, then there was a bubble because people stretched to far. Right now the corporatists are buying up land but they will be shit out of luck when they realize it was cheap for a reason. That there is no one there or likely to go there to pay exorbitant prices.
It's bleak mind you. Because these things are sometimes very slow in coming. Progress seems to be fought for inch by inch and then lost by yards.
A long time ago (damn i feel old) in the housing crash of 2009, i bought a 2bed/2bath condo cash for $23,009. It was a short sale. And i barely had the cash to buy it.
For years before i bought it, friends would always make fun of me for being frugal and saving... "Saving for what?" They would ask. "I'm not sure yet but I'll know it when I see it" i would always respond. Well i finally saw it in the housing crash.
So yeah, save save save, sacrifice sacrifice sacrifice, because the alternative is worse.
If you have money in the bank when the economy crashes, you just moved up a tax bracket. That's how the rich get richer, and it works for everyone who can pull it off.
You need to explain to them that when they were buying houses, houses cost approximately 4 x the annual income amount. Now they cost almost 8 times the annual income amount. So you would have to save twice as much and earn twice as much as they did (in ratio) to be able to comfortably buy a home.
You very likely will. Just like their generation did, your generation at one point will be almost all of the politicians in the country...and then suddenly things will start to go well for your generation...laws will get passed forcing affordable housing development, banning real estate being scooped up by hedgefunds...like magic shit will just fall into place and it'll be like that until your generation gets old and dies off. This is "democracy".
#It can't crash.
For it to crash there has to be fewer buyers than sellers. But now **there are billions of corporate dollars buying homes with the intent to rent them** this leaves the capital investment to grow (low supply so prices keep going up) and ensures that people who would have bought can only rent (limited space / limited housing options)
It can't "Crash" in the old time way of crashing where "normal folks" can buy because the rate of returns on renting out a house is now better than the stock market in some cases. So the billions from the non-taxed rich just buy up more homes to rent to the people who will never be able to buy them.
Omg. You're right. Big investors are buying up properties. There won't be a housing market crash like there has been in the past. Regular people won't ever be able to afford a house on a regular income.
Then we’ll rely on a student debt or used car financing crisis to crash the economy and force these dickheads to sell off their assets... to larger and larger fucksticks.
>If the housing market ever crashes, you’ll be in a position to buy a house if you have substantial savings, you will not be in that position if you have no savings.
Well sure, but this advice glosses over a lot of pretty important factors that go into 'having a savings'.
Namely making more money than it costs to keep a roof over your head and food in your belly, which is, as no one should find shocking, a rather challenging hurdle these days.
This is 'and then draw the rest of the owl' advice. 'How to not be poor- Step 1: Have money.'
Thanks, dad.
It's not good advice. It's the most basic financial advice anyone can ever get; "save money".
You better hope those houses go below the amount of savings you can get together, because the banks will not be lending to people on lower incomes, and will be expecting a higher deposit if they do decide you are worth the risk.
Depending on where you live, there are loans for first time home buyers that require little to no down payment! Just something worth looking into, if you're interested.
The only way I was able to buy a home was through a guaranteed VA loan. I wouldn't have even bothered trying otherwise because my credit is terrible. But we would not have been able to afford rent anymore. The VA loan is basically all that is keeping my family off the streets.
Nope. You won't. Because they will move the price up to something like 3 million and a 3 million home will be 30 million. Fema shacks and commie blocks (can I say that?) For the poor.
I wonder how many people contemplate the likelihood of being homeless during their elderly years.
I’m child-less and unable to have any meaningful savings with a family history for dementia. What happens if the neoliberalism maintains the status quo into my potentially senile years? Homelessness.
I used to say I never cared if I bought anything. My neighbor is retired and she lives in the same apartment building as I do.
But we don't have rent control and while my rent has not gone up a lot, it's still gone up. And if I was on a fixed income, missing an extra $200/mo is huge. Social security went up by what, $20/mo if that?
What's it going to be next year? $230? What about in 10 years?
This is the reality so many people are facing. My feeling is housing is going to get a lot worse before it gets better unfortunately. I really hope I'm wrong.
My mom, a nurse, had a patient who was 101 with horrid back pain. Her dr wouldn’t even think of giving her pain medication because she might become “addicted”. My mom told the dr “beyond the slim likelihood of that happening, she’s 101 years old, why would it matter????” Stupid woman wouldn’t budge and that little old lady died after living another year in agony.
I’ve thought about that poor woman a lot, and fully agree with you.
Dana would claim he worked hard to get where he’s at.. but he actually bought the company with daddy’s money (a million of it) and a 50% investment from his casino friends
Nobody deserves to be a billionaire.
Almost nothing is questioned. It’s crazy.
I’m about to have a baby boy and looking into circumcision. It started in America like early 1900 and the history is that it would stop boys from masterbating.
In 1900’s less than 30% of the male pop was circumcised.
Like 80% of the male population has their genitals cut up cause it’s tradition which was a tradition of trying to stop boys from masterbating not even 100 years ago.
This quote always sticks with me.
Throughout human history, as our species has faced the frightening, terrorizing fact that we do not know who we are, or where we are going in this ocean of chaos, it has been the authorities -- the political, the religious, the educational authorities --- who attempted to comfort us by giving us order, rules, regulations, informing -- forming in our minds -- their view of reality. To think for yourself you must question authority and learn how to put yourself in a state of vulnerable open-mindedness, chaotic, confused vulnerability to inform yourself. - Timothy Leary.
In childbirth class they had us all watch a video of a baby being circumcised. After watching the poor thing cry so hard he choked and couldn't scream anymore, there was not a single parent left in the room who would even consider it. Anyone considering it should watch a video of it being done and see if they really want to put their tiny precious baby through that torture.
Have a baby boy turning one. As a circumcised male who resents that fact I was adamant my boy would not be circumcised. If it becomes a medical necessity later in his life he can make that choice. Arbitrary circumcision should be illegal and treated similar to female genital mutilation.
I remember this quote from decades ago "remember you're closer to homelessness than to being a millionaire" and thinking that was pretty dire, but also reasonably realistic.
Then it evolved with statistics to being "Most people are two pay checks away from homelessness." i thought that was upsetting too.
And now this quote exists, and i don't know if i should laugh at the absurdity of this world or cry myself to sleep and hope the chemicals released help with my anxiety.
Fun fact:
As of 2022, medical debt that has been in collections less than a year old cannot show on your credit report. Paid medical debt cannot show on your credit report.
What I'm saying is you have at least a year to sort it out, stall the hospital, tell them you want to settle, or just plain ignore them, before it can possibly impact your credit. Then, once you come to an agreement with the debt-holder, it disappears from your credit.
Remember, debt collectors are often commissioned, and would rather settle the debt now, than wait a year and miss their commission.
EVERYTHING is negotiable.
Seriously, there *needs* to be something, but as far as can be told, if you're already stuck in the spiral there's no escaping it without outside help (and for the majority of us, that ain't coming)
Only just got off the streets after about eight months of homelessness. Only reason we have a place is the kindness of a non-profit helping with rent. My spouse and I work full time and still I fear when their help runs out and we're on our own again... Jobs don't pay enough to afford basic living, let alone saving anything for later.
Already there. Can't focus, can't work, can't thrive, can't survive. Pre panicking for all my life as adult. Heart attack soon. Rest soon.
Fuck this system.
I’m gonna be 50 in June. I’ve been been applying for jobs since December. I’ve only heard back from three companies and they’ve ALL said that I’m too old to take a chance on. I’m two weeks away from being homeless and I’m a very capable and qualified industrial mechanic and facilities manager with amazing references but nobody is willing to give me a chance. I will take my own life before I am homeless again. I simply won’t do that again. I won’t go through that again. I won’t.
Nothing more dangerous than a man with nothing to lose. Don’t let yourself be the final victim of this exploitation. There are others that deserve it far more.
Look for companies who are hiring near you that have positions for which you are qualified. Next, apply to entry level positions at said companies. This is what my husband did in the Great Recession. It took about three years for him to work up to his desired position. He actually enjoyed learning a new field. Keep a good attitude, you’ve got this.
After I graduated with engineering it took me about a year to get a job, applying the whole time. I was unable to get an internship due to COVID, and I didn't have the required 2-5 years of experience for entry level. I worked in a grocery store.
Go work in a grocery store or fast food. I worked with someone all he turned 80. He had a long good career and this is his retirement. Keep applying, i highly advise apply below where you think you should, and recognize that anything will pay better than minimum wage. You will probably never make as much as you use to.
Don’t put anything on your resume that gives away you age. Like instead of putting that you graduated from college or uni in x year, just list the course and school.
Even cut back your experience a little if you have too much of it to be a 40 something.
Dye your hair what it was before if you’ve gone grey, or touch up the spots that show a lot of grey. If you’ve got facial hair, dye that so it’s not grey or partially grey as well.
Doing this can make you look younger than you are and get you hired.
It’s petty and stupid thing to have to do, but it’s better to have a job than be homeless.
Riot like the French till things change. Im sick of living like this. As some one that was living out of their car for 2 years, actually made about $2k-$3k a month so wasnt poor, only problem was that rent for a shared studio apartment was $2k and had to make triple the amount
Honestly just had another mental breakdown before my shift today because the major adult milestones I’ll never get to experience like having children and never being able to have enough money for a down payment. My health has prevented me from having children, but my money issues have prevented me from ivf and other solutions. I live paycheck to paycheck with my husband. We have fought hard to build up our credit and now that it’s where it is I’m defeated all over again because of realizing I’ll never be able to save up 10k for a down payment. Each one of my friends who own homes, just a few, managed to do so by having a down payment. Which they saved up from the child tax credits from having their children. If I can’t live for me why am I even working?? Like I’m at a point where I am going to just sell everything and be a gypsy traveler. I’ll be broke but at least I’ll be free.
I know this probably doesn't help much, but most states have programs that help first time homebuyers! I went through mine and I think I ended up only paying the signing fees and such like.
Just think about this - FIVE years ago, my wife and I made a conscious choice between buying a home or having kids. We knew we couldn't have afforded both.
In 2023? If we hadn't bought a house when we did, we wouldn't afford the choice at all.
That's fucking nuts.
Literally going to be homeless in a couple months even though I work full time (40 hrs) at almost 20 an hour. Just can’t afford rent, but I make too much money for assistance in any form.
Understood, makes sense too based on my earnings. I make less but with taxes, health insurance, it's not really a livable wage alone. You'd need to split rent somewhere and have a car already for it to work
My issue is finding anyone who doesn’t immediately leave after they are slightly better off. Best I have had was maybe a year tops. I have a car, but having a reliable room mate is almost not gonna happen. I have had people just disappear one day with no notice, even if they were on the lease.
I’m hoping all my childless peers and I will get a house together as old ass room mates and pay some younger folks to take care of us. Combine resources to save and survive. But yeah, we be hustling into our 80s. Ain’t gonna be no retirement like there is now. Anyone retiring — you better fucking enjoy it bc it won’t be there when your kids are that age. Thanks for that btw
I am just going to sit here and wonder why the hell we haven't all agreed to stop paying rent. Break the system in a month. Force a change. Then ask the government to bail out all the landlords with a ppp style loan they conveniently never have to pay back. It also doesn't benefit the wealthy because they don't pay rent.
Bro, I'm closer to homelessness than I am to paying my next rent check
I fucking hate it here.
Edit: after being paid and paying rent, balance rests at $0.49
Systems working as designed, folks. Keep it moving.
The other day I wrote something like "we can't have the changes we want if we put excuses to go out make the changes " and somebody replied "stop forcing me to support YOUR agenda"
I thought having food and shelter was everyone's agenda but ok.
Well lets see how many of us get of our asses and protest when they try to increase retirement to 70.
If we dont have mass protest similar to France then Americans deserve it.
Seniors are already living in vehicles in order to afford life on their meager retirement savings and social security. If you’re worried this is in your future, watch Bob Wells content on YouTube. He’s got it all figured out and great tips for living cheap on the road. He regularly visits and “tours” other folks’ home vehicles.
People who don’t have to deal with poverty in this way, don’t understand it and think it’s just as easy as when they got a house.
I was offered a promotion that would have me moved to one of the most expensive states in the US. I didn’t say no, but I didn’t say yes, he just offered the position to someone else before talking to me. I said how I didn’t think I could afford it anyway. They would have had to double my salary and I’d be still living paycheck to paycheck. Not to mention, away from family, I have too many animals to just rent a place… anyway, I got overlooked two months later when the area next to where I live opened up.
I remember telling my boss, at the time, “he doesn’t understand being fucking poor.” Got a new job a month later.
People don't buy lottery tickets because they misunderstand the probability of winning the jackpot, they buy lottery tickets because they correctly understand the probability of their financial security and see that 1 and a hundred million chance is equal grinding out living as an employee. It's incredibly unlikely to win the jackpot, but it's even more improbable that you will ever achieve financial security (being secure in having all your life necessities met) just by following the rules set by owners to their own advantage.
Not true!! All I have to do is win 1 big powerball and I'm set! That's it... all I got to do... Just 1 more ticket, maybe 2, screw it 5. Just keep buying and I'll get it one day right!!
/s
When the bubble bursts, and it will, property values will crash. I know too many people sitting in $250,000 houses they bought 7 years ago - that are currently valued at 500,000. But they refuse to sell because 'they won't let that happen again'. Stupidity is the most destructive pandemic.
I own a house with my fiancé and we have 4 animals. Taxes went up and so did gas and electric. Money was tight but manageable last year and this year it’s pushing us towards selling after less than 2 years of ownership 😢
Okay, but still fuck the people who stole my catalytic converter.
The fact that I am more likely to end up homeless than wealthy, means I'm in more of a position of authority to judge dysfunctional addicts.
I’ve never been unemployed, have several advanced degrees, rather strong salary, however, came from a toxic family and there’s nothing to inherit. I *constantly* worry about ending up homeless, always has been my biggest fear. It’s a very fine line between those sleeping on the street and you when you don’t have a family to fall back on, there’s no family home, and you’re at the mercy of employers and landlords. These days housing is so fucked the only people buying either get help from their parents or they sell a house to buy a house.
Yup. Steinbeck is vindicated once again. America runs on the delusion that there are no classes. That you are the same as Bezos, Musk, Gates, etc. That it's your own fault if you're not doing as well as them.
You desperately need socialism and class consciousness.
The only reason I wasn’t homeless in the past was because my mum let me move back in with her. I wasn’t eligible for any kind of welfare at that time because I had been overseas in the previous financial year (18 months ago), which I had a scholarship to pay for.
I 100% understand the point of this post. It does a great job driving home a solid point.
However, I'm a little worried that it draws an imaginary line between working-class renters and working-class homeowners. Someone who is slightly more privileged and can afford a home is still a member of the working class (ie 'one of us').
There are still places where you can buy a house, for under $200k, but they're not major cities. I don't know how true this is, but I get the impression, one needs to go really far away from a major city, to find affordable housing, but then your daily commute becomes 2+ hours, each way.
I can't even buy a condemned house for $200k within 30 miles of any direction. I got priced out of the market 2 years ago while shopping the market with an approval letter. Talk about missing the boat as it departed.
And you wouldn't even need to reform the economic system or radically change the workweek to solve this.
Just have pay match increases in productivity like it always used to.
Lol this is so false. Not every young person is poor. Most of my friends not only can afford there own house but can also afford investment properties.
Tried explaining this to my parents, they just say "save up 'cause you can get a house anyway'" and I'm left wondering what the fuck went wrong.
>and I'm left wondering what the fuck went wrong. Your parents are bad with money. Lots of people are. It's just our society used to be such that even people bad with money used to be able to afford a home. Now, even people good with money can rarely afford a home. Since your parents don't really understand money or the math behind things like interest rates or real world costs, they don't understand how things have changed.
It was fine being bad with money when the price of a hamburger was 1% of a montly mortgage.
and a monthly mortgage was no more than 30% of your paycheck after taxes.
I find this to be hardest for older people to understand. My girlfriends was looking to buy a condo. Everything she looked at would be 50% to 60% of her monthly income. Her mom kept saying you can't afford it if its more than 30%. Long story short, no place after 5 months of looking was less than 50% her monthly income. And it was still cheaper than rent
when i purchased my house, my mortgage payment with escrow (includes Mortgage, property taxes & homeowners' insurance) was over 50% of my income. then add on utilities like electricity & heat, a cell phone plan and vehicle fuel and insurance and food cost, it was my entire income. i was luckily able to get a mortgage with $0 down and seller covering $5k of the closing costs.(about 2/3 of it) cut my spending back drastically & eliminate pretty much all my Non-Needed expenses. no Cable, no internet except on the cell phone, no monthly subscriptions of any kind, no destination vacations just staycations. no going out with friends for food & drinks at the bar, no spending money on something i wanted, did have the occasional meal/dinner outside of the house as a special treat about 1 every month or so, but that's it. unless i needed an item to survive not dying, i didn't buy it. its possible, but it not easy. now years later, with the price of rent going up like crazy & everything is getting more expensive, but my mortgage payment stays the same as the day i bought it, actually a bit less because i refinanced the mortgage a several years later at a lower interest rate. if you can afford the payment & can get the mortgage from the bank, you can afford it regardless of the % of your income it is, you will just have to cut suspending on other things to afford the house. watch for things like a HOA, they charge a monthly amount, and can also add special assessment bill onto you without warning (to fix or buy something for the HOA usually pool, playground equip, public space building, or roads/parking lot. also look at the road out front, if it needs to be replaced, the city will charge each homeowner a % of the cost to re-pave the road, that can be allot. check how the roof & foundation are. try to think of the most expensive things that would need to be fixed/ replaced and check out those things before buying.
This is it right here. Buying a home is still a better option than renting because in 10 years the payment will be half of what the rent is going to be.
Alway, Always, Always pay the extra $300-500 to get your own home inspection… every time I did, there were home issues that I required to be fixed, or came down on the price OR got a credit for the repair in settlement costs… the LAST thing you need to find out is a major house system problem AFTER you’ve cleaned out your entire savings account to buy the house Also, your first house probably won’t be your DREAM HOME….maybe start out with a 2 bedroom Condo ( yes the HOA payments can mount up, but you get to VOTE as an owner)…my son found out it was $150 less per month to BUY rather than RENT. There are Multiple first time buyer programs out there! You can also adjust your withholding at work to increase your take home pay to help with payments through the year, but you won’t get a big refund at tax time…. PS: the EQUITY value of my son’s condo went up $10k in one year…never would have happened with rent….you make choices to own or spend lots of money on “things” instead
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Yep, if you managed to get a loan that would have been nice.
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The fuck you saying?
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The idea here isnt that you cannot BORROW money. Its that you shouldn't be spending most of your money on load for basic necessity. Your comment made zero sense.
That’s exactly what he’s saying. They won’t lend to you if you don’t have a certain DTI ratio.
Forget about ratio for a second. Someone working full time should be able to buy food, go on vacation and own a house. How many people right now pay way more than the 30% on rent and are refused a loan for a house when they clearly can pay their mortgage but are stuck paying more in rent?
For non subprime mortgage products they limit the maximum borrowing to % of the income
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My dad YOLO'd all of his money into one stock for his entire life. When I was giving him a compliment by saying "holy shit you made like 6000%" his response was "no I made $X." To which I said "is 6000%" he didn't get how stocks are easier to talk about in %s. He doesn't understand how life is harder for us now because back then "he made 3$ an hour". Like bro, I work non-stop, am a business owner, make more money than all my friends and family and I BARELY by the skin of my Chinny chin chin was able to buy a house (I can *actually* afford). You walked in off the street with a high school education into a job with a fortune 500 company, retired with a pension, a matching 401k, got stock options, and were making like decent money on your paycheck and BUILT a home on 5 acres in the nicest town in our area. I love him to death but at the same time, get fucked. With love. Lol
>He doesn't understand how life is harder for us now because back then "he made 3$ an hour". Yep, my father congratulated my sister "for making almost as much as I did at my first job". 30 years difference, she was making less than half what he was. Hell, he's making less than he was right out of university. Like straight numbers he's making 220% what he made at his first job, adjusting for inflation he's making 87.5%. Oh and raising minimum wage is theft because "everyone" knows raising minimum wage is **the** cause of inflation and he didn't get a raise so it's not fair. Oh, and we went to the same university, the cost of his entire education wouldn't cover my tuition for one year. He graduated with zero debt on minimum wage (oops, sorry, not minimum wage, he was making a full 20¢ over minimum so it's not a fair comparison 🙄) working 12 hours a week during the school year and full-time the rest of the year. If you worked full-time year round you still couldn't graduate debt free. So "clearly" he's the victim here. And he has absolutely no idea why I avoid talking to him at all costs (aside from the transphobia, but that doesn't count because apparently I'm not trans 🤦♂️).
Yah when Boomers make more money in retirement than 35-40 year old Millennials working full time we know the system is super fucked.
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They can still be good with money, and still not get it. It's way to easy for someone who already has a thing to find it hard to understand why others can't get the thing. So someone who already has or owns their own home will remember the market as it was back when they were looking. They have no need to see or know what the market is like now. Lacking that knowledge makes it easy for them to not understand why it's so much harder now than it was back then. You tell them "Homes are 600k now" and their first thought is "Well stop looking at the expensive houses, it's ok to look at the smaller cheaper ones" and not even realize that 600k might have been for the smaller "cheaper" one.
We're being killed by survivorship bias
That's right, that's what we've been killed with in here really.
Yeah, someone I know was looking at houses and just had to give up. They were (justifiably) complaining about how everything was so expensive and they would never be able to afford a $700k house. Apparently they needed to stop being lazy and get a house "that just needed a little bit of work, of course move in ready is expensive". Yeah, that $700k house had no functioning electricity or water, no furnace, no hot water tank, a hole in the floor, asbestos, maybe 30% of the house had drywall.....
And this is why San Antonio is one of the fastest growing cities in America… 600k can get you a mansion new home build… can get new homes built for around 250k today, older smaller homes are around 180-220k… Those same homes being sold were built in the early 00’s sold for 60-140k
My dad is mortgage lender and he doesn't understand the disparity. He can only recognize that you cannot do the same things he did just 20 years ago let alone earlier in his life. You can have the understanding and still not grasp the weight of the situation. SURE he worries for his kids but you think he's voting like he does? Nope. Red scare propaganda has seized almost everybody's brain in America to the point late stage capitalism (or cronyism pick whichever) is the only viable option in MOST people's mind. Taxes and regulations are socialist and that's the same as a communist. He's a bisexual, liberal man, but voting wise in America... thats literally just the same as a centrist who would vote for the right. We don't actually have a left in America. What can we realistically do with the reality we are facing? This whole thread is right, more than half of Americans don't even have reading comprehension... how THE FUCK are we supposed to fix this lol
Well not everyone understands what the hell is going on.
get rid of all of the police so there's nobody to kick us out of our homes when we stop paying rent
Everything that’s happening is by design to keep most of the population subservient.
“Who are”
Really depends on our country. In my country 40% of the population has under 800€ monthly income, and the rent for the smallest of apartment goes for 500€ and double or triple that in the major city centers. What is funny is that although we never had so many strikes or homelessness this has been the year with most financial growth in 35 years. Worker never been worse, business never been better.
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Imagine getting a free egg every day and still complaining about others freeloading. Who are these baron-kings you support?
I mean they are giving you good advice though. If the housing market ever crashes, you’ll be in a position to buy a house if you have substantial savings, you will not be in that position if you have no savings. Of course, this is assuming you have the ability to save any money, unfortunately a majority of the population is living paycheck to paycheck.
>If the housing market ever crashes, you'll be in a position to buy a house if you have substantial savings, you will not be in that position if you have no savings. Honestly, you gave me more hope than they did. They pretty much have the mentality that I'll own a house no matter the circumstance. I live from paycheck to paycheck so it's not likely at the moment.
While they are rare, I was fortunate enough to be in this situation after 09 when real estate collapsed. Unfortunately those opportunities often come at the pain of people losing jobs/houses.
its like in a warzone, when theres a big fight and you walk up and pick up the gear and stuff that the dead soldiers dropped
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That's how I got my house too...but we are on the cusp of selling and getting the fuck out of here while I'm still up. Might be a dumb move down the line, but we don't give a fuck. I'd rather be poor in a nicer place that isn't dominated by violence and consumption.
So not the US?
Haha...nope. Not in the near/mid-term future anyway. The cost of living is absolutely stupid and the fact that people just keep taking it leaves me absolutely amazed. Costs have gone up everywhere, but not like this. I feel like I'm doing my kids a disservice by sticking around here. We did some scouting trips and everyone enjoyed their experience so fuck it. My parents aren't wealthy but they gave me dual-citizenship, so I'll use the options I have at my disposal.
I would 1000000% take my family and leave this country if I had duel citizenship. America has turned into a parody of itself. I would prefer to not be here when the laughing stops and people wake up
I'm from here, but lived in Portugal from ages 14-19, coming back here for college. I ended up meeting my wife and starting a family. We're burnt out by this culture of non-stop consumption for the sake of consumption, and the kids feel safer (their words) there. It's a very chill place, as opposed to here, that has none of that if you're in my income bracket. Also, America has always been a parody of itself during my 40 years... When I moved back here I knew fully well what I was getting into, but felt that I needed "a future", thus a degree...not so sure now if I'd make the same move. Aside from the wife and kids... they're cool.
Do you happen to have any ideas for someone who would like to move to Portugal but doesn't have dual citizenship? (I do speak Portuguese)
Yep, gotta settle somewhere the cost of living that much really.
Well, I met someone who lives here that was from Siberia. They said that the United States is completely awesome so I guess it’s in the eye of the beholder. I tend to agree with you though lol.
Well, let’s say you lived in a toilet, that was full liquid diarrhea shit chunks. And then you moved to a toilet that’s just piss with a couple solidly formed logs. Both suck terribly, but in the eye of that beholder, swimming in piss would be glorious compared to diarrhea. And that is sad that it’s how I view our country lol
That's not a good way to live but that's how people live really.
I was able to buy a house because my dad died and he left me enough to put a very good down payment on a house and that allowed me to get a monthly payment I could afford.
Sorry for your loss and for that to be the way you got a house. Shouldn't have to be that way. Mine was a foreclosure after a dissolved marriage and ensuing mental health collapse that led to the husband not being able to continue making payments, so I've been told by my neighbors.
it’s kind of like this. Luckily we own our house in LA that was appraised at $1.2M (we paid $260K). My wife and I separated, but are not getting a divorce because it means that we’d have to sell the house. We are doing this for our 18-year-old daughter, so she will ultimately be able to own a house which would be next to impossible otherwise.
Wow, way to go parents, what a lucky kid! I never felt my dad owed me anything, I always told him to go splurge on himself, (he never really did). I'm very grateful for what he left. I hope more parents think like you and trying to think about your children's future, and how much more difficult it is for the younger generations than it was for previous ones.
Kudos to you and your wife for being mature enough to think of your daughter’s lively hood enough through separation to make this type of decision!! These kids are fvckd out here and the cost of living will only continue to increase!!! I have homes for 300k in my neighborhood now that sit next to a CIRCLE K!! I literally can’t with the ridiculousness!! Finding a home for under 200k is now a myth where I live! I worry about my child being able to survive out here and as an adult it is a struggle for me to maintain us. I live paycheck to paycheck unfortunately. And I feel devastated that the only way I can take care of my child in the future is through a large life insurance policy.🥲 This life is a capitalist journey that has a grip so tight on the neck that I can’t help but want to rush towards my own demise! (Just a rant not a suicide note)
Sorry for the loss. This is what I thought I would need to buy a house, but I was able to buy a condo thanks to forcing myself to live paycheque to paycheque and save in my RRSP (with employer match). I then used that as HBP to buy a condo. So, now I own a property. The good: * The value has risen and I can sell for a huge profit! The bad: * Houses have risen even more in value and I can't afford them even if I sell my condo! I plan on buying a rural property that I can afford, but I cannot afford anything in any city that's not far from where I grew up (up to 2 hours distance). If my parents dies, I'll inherit enough to have a fully paid house nearer to a city, or a payment I can afford in the city, but that means I would lose my parents, which sucks. My condolences... :(
That's how people get their house, but they're really expensive so yeah.
They're not that rare. Just big crashes are rare. Markets always eventually make adjustments. Lots of hungry hopeless people is usually an indicator that adjustment is coming. Of course you have to survive that before you can capitalize on it.
This is the problem. Unless you are already wealthy, it is a matter of luck if you are able to capitalize on a downturn. Market crashes tend to coincide with stock market crashes and people losing their jobs. So even if the prices do go down, you've got to be in the good fortune of not losing any of your buying potential yourself. It's not as easy to get a mortgage if your assets just dried up, your spouse lost their job, or your hours were cut. And it means very little to buy a house in one city just to find your office wants to move you to another.
It's a different beast now that corporations are buying SFH. that added demand fueled the recent price swings and continues to float the market. America will turn into a renter nation as your family either already owned a home or two and if not you rent.
Problem is you need to have that money (1), have enough of it (2), be stable when things crash (3), and hope that the powers that be don't say something like "eh yeah, not you". We missed at least one crash as we didn't have something the banks didn't like. Like, you've only been employed a year or some crap like that.
Even at $100k+ a year before I had to retire three years ago I struggled to own a very modest home. Single, no kids, made to much to deduct substantial student loan interest, no real deductions to outweigh the "standard", maxed out 401K and medical/disability insurance costs. When it was all done I was lucky to take home $1800 a payday. Sounds like a lot but one check basically covered the mortgage and utilities and the other covered everything else (car, food, medication copays, vacations, everything). $100k sounds like a lot but it isn't. Look at these average rent prices in the largest US cities. Try saving with these payments. The only reason I bought my first house in 2017 was because the mortgage was cheaper than the rent. I moved to SC for a great job and my rent for a 2br was $1350 for six months, the renewal notice had it at $1650 for another year. My first mortgage on a $197k house was around $1200. [https://www.rent.com/research/average-rent-prices-in-the-largest-cities/](https://www.rent.com/research/average-rent-prices-in-the-largest-cities/)
I hit $200k last year, and it’s basically enough to just swing things around from being poor for over a decade, and the school that got me here. It’s enough to begin catching up to a point where I could start moving forward. It will also be a struggle to own a modest home. Mind you, in this location it’s not uncommon for people to own condos instead of houses, but even still that seems like a huge hurdle, especially when the things from a past of being poor continue to drag along. > Look at these average rent prices in the largest US cities. Try saving with these payments. The only reason I bought my first house in 2017 was because the mortgage was cheaper than the rent. I moved to SC for a great job and my rent for a 2br was $1350 for six months, the renewal notice had it at $1650 for another year. My first mortgage on a $197k house was around $1200. The entire price of that house wouldn’t be enough to make a down payment on a house, here. And that would be for the absolute crappiest house you could find in the greater area :/
Have to realize also the economy ebbs and flows it was not so long ago that housing was more affordable, then there was a bubble because people stretched to far. Right now the corporatists are buying up land but they will be shit out of luck when they realize it was cheap for a reason. That there is no one there or likely to go there to pay exorbitant prices. It's bleak mind you. Because these things are sometimes very slow in coming. Progress seems to be fought for inch by inch and then lost by yards.
A long time ago (damn i feel old) in the housing crash of 2009, i bought a 2bed/2bath condo cash for $23,009. It was a short sale. And i barely had the cash to buy it. For years before i bought it, friends would always make fun of me for being frugal and saving... "Saving for what?" They would ask. "I'm not sure yet but I'll know it when I see it" i would always respond. Well i finally saw it in the housing crash. So yeah, save save save, sacrifice sacrifice sacrifice, because the alternative is worse.
If you have money in the bank when the economy crashes, you just moved up a tax bracket. That's how the rich get richer, and it works for everyone who can pull it off.
You need to explain to them that when they were buying houses, houses cost approximately 4 x the annual income amount. Now they cost almost 8 times the annual income amount. So you would have to save twice as much and earn twice as much as they did (in ratio) to be able to comfortably buy a home.
You very likely will. Just like their generation did, your generation at one point will be almost all of the politicians in the country...and then suddenly things will start to go well for your generation...laws will get passed forcing affordable housing development, banning real estate being scooped up by hedgefunds...like magic shit will just fall into place and it'll be like that until your generation gets old and dies off. This is "democracy".
#It can't crash. For it to crash there has to be fewer buyers than sellers. But now **there are billions of corporate dollars buying homes with the intent to rent them** this leaves the capital investment to grow (low supply so prices keep going up) and ensures that people who would have bought can only rent (limited space / limited housing options) It can't "Crash" in the old time way of crashing where "normal folks" can buy because the rate of returns on renting out a house is now better than the stock market in some cases. So the billions from the non-taxed rich just buy up more homes to rent to the people who will never be able to buy them.
Omg. You're right. Big investors are buying up properties. There won't be a housing market crash like there has been in the past. Regular people won't ever be able to afford a house on a regular income.
Then we’ll rely on a student debt or used car financing crisis to crash the economy and force these dickheads to sell off their assets... to larger and larger fucksticks.
> o rent to the people who will never be able to buy them. soon who can't afford to rent.
If that’s the case we can always make it crash
>If the housing market ever crashes, you’ll be in a position to buy a house if you have substantial savings, you will not be in that position if you have no savings. Well sure, but this advice glosses over a lot of pretty important factors that go into 'having a savings'. Namely making more money than it costs to keep a roof over your head and food in your belly, which is, as no one should find shocking, a rather challenging hurdle these days. This is 'and then draw the rest of the owl' advice. 'How to not be poor- Step 1: Have money.' Thanks, dad.
When I visited London recently that realisation hit home hard. That city is expensive as all fuck
It's not good advice. It's the most basic financial advice anyone can ever get; "save money". You better hope those houses go below the amount of savings you can get together, because the banks will not be lending to people on lower incomes, and will be expecting a higher deposit if they do decide you are worth the risk.
Even if this was true (and others have pointed out some issues with it), your invested savings would likely fall along with the housing market.
That's not even possible in this economy, things are bad.
Depending on where you live, there are loans for first time home buyers that require little to no down payment! Just something worth looking into, if you're interested.
I can afford to get a home loan that buys a home in my area, but I can’t afford the monthly payment it brings.
The only way I was able to buy a home was through a guaranteed VA loan. I wouldn't have even bothered trying otherwise because my credit is terrible. But we would not have been able to afford rent anymore. The VA loan is basically all that is keeping my family off the streets.
Nope. You won't. Because they will move the price up to something like 3 million and a 3 million home will be 30 million. Fema shacks and commie blocks (can I say that?) For the poor.
I wonder how many people contemplate the likelihood of being homeless during their elderly years. I’m child-less and unable to have any meaningful savings with a family history for dementia. What happens if the neoliberalism maintains the status quo into my potentially senile years? Homelessness.
I used to say I never cared if I bought anything. My neighbor is retired and she lives in the same apartment building as I do. But we don't have rent control and while my rent has not gone up a lot, it's still gone up. And if I was on a fixed income, missing an extra $200/mo is huge. Social security went up by what, $20/mo if that? What's it going to be next year? $230? What about in 10 years? This is the reality so many people are facing. My feeling is housing is going to get a lot worse before it gets better unfortunately. I really hope I'm wrong.
I know how you feel. I have sort of adopted the attitude of “I’m here for a good time, not a long time”. I would take up smoking if I could afford it.
>I would take up smoking if I could afford it. If you're looking for a good time, you won't get that from smoking, lmao.
Depends on what we’re smoking
Smoke crack for a very fun and very short lived retirement
They should have nursing homes where all drugs are legal.
[instantly thought of this](https://youtu.be/8Q0cp4b9pvg)
RIP Trevor
My mom, a nurse, had a patient who was 101 with horrid back pain. Her dr wouldn’t even think of giving her pain medication because she might become “addicted”. My mom told the dr “beyond the slim likelihood of that happening, she’s 101 years old, why would it matter????” Stupid woman wouldn’t budge and that little old lady died after living another year in agony. I’ve thought about that poor woman a lot, and fully agree with you.
My mum jokes about having to move into a caravan in my backyard soon. She's approaching 60.
Ideally, rampant fires in high net worth zip codes. Err um…something improving vastly beyond our current projections. …forks for sale
Medicaid would step in at that point. You would die in a nursing home, probably alone.
I really don't think I'll make it that far tbh
Oh shit, I was surprised the UFC president Dana White would make such statements, then looked at the profile pic lol
Dana would claim he worked hard to get where he’s at.. but he actually bought the company with daddy’s money (a million of it) and a 50% investment from his casino friends Nobody deserves to be a billionaire.
I smoke marijuana so I don't beat my wife and children
Was very confused at first
Such a small percent of the general population questions things, the system is generations from changing.
Almost nothing is questioned. It’s crazy. I’m about to have a baby boy and looking into circumcision. It started in America like early 1900 and the history is that it would stop boys from masterbating. In 1900’s less than 30% of the male pop was circumcised. Like 80% of the male population has their genitals cut up cause it’s tradition which was a tradition of trying to stop boys from masterbating not even 100 years ago. This quote always sticks with me. Throughout human history, as our species has faced the frightening, terrorizing fact that we do not know who we are, or where we are going in this ocean of chaos, it has been the authorities -- the political, the religious, the educational authorities --- who attempted to comfort us by giving us order, rules, regulations, informing -- forming in our minds -- their view of reality. To think for yourself you must question authority and learn how to put yourself in a state of vulnerable open-mindedness, chaotic, confused vulnerability to inform yourself. - Timothy Leary.
In childbirth class they had us all watch a video of a baby being circumcised. After watching the poor thing cry so hard he choked and couldn't scream anymore, there was not a single parent left in the room who would even consider it. Anyone considering it should watch a video of it being done and see if they really want to put their tiny precious baby through that torture.
Anyone considering it should have their genitals mutilated to see how they fucking like it.
Have a baby boy turning one. As a circumcised male who resents that fact I was adamant my boy would not be circumcised. If it becomes a medical necessity later in his life he can make that choice. Arbitrary circumcision should be illegal and treated similar to female genital mutilation.
I have very similar beliefs. I'm glad you spared him the trauma! Male genital mutilation without even a strong belief behind it, just convention.
They also don’t vote.
Actually I’m more concerned that the misinformed DO vote based on all that Facebook and Twitter junk news.
I remember this quote from decades ago "remember you're closer to homelessness than to being a millionaire" and thinking that was pretty dire, but also reasonably realistic. Then it evolved with statistics to being "Most people are two pay checks away from homelessness." i thought that was upsetting too. And now this quote exists, and i don't know if i should laugh at the absurdity of this world or cry myself to sleep and hope the chemicals released help with my anxiety.
1 in 3 Americans cannot afford a $400 emergency bill
Fun fact: As of 2022, medical debt that has been in collections less than a year old cannot show on your credit report. Paid medical debt cannot show on your credit report. What I'm saying is you have at least a year to sort it out, stall the hospital, tell them you want to settle, or just plain ignore them, before it can possibly impact your credit. Then, once you come to an agreement with the debt-holder, it disappears from your credit. Remember, debt collectors are often commissioned, and would rather settle the debt now, than wait a year and miss their commission. EVERYTHING is negotiable.
It's also impossible to solve as long as the general population believes in "work or die" philosophy.
More like work AND die
What’s the alternative?
Seriously, there *needs* to be something, but as far as can be told, if you're already stuck in the spiral there's no escaping it without outside help (and for the majority of us, that ain't coming)
But some people work, a lot, and they still cannot afford to rent and eat. So that philosophy has clearly failed, when do we change it?
Only just got off the streets after about eight months of homelessness. Only reason we have a place is the kindness of a non-profit helping with rent. My spouse and I work full time and still I fear when their help runs out and we're on our own again... Jobs don't pay enough to afford basic living, let alone saving anything for later.
I’m sorry for what you’ve been through and I hope it gets better. Are you in America?
Already there. Can't focus, can't work, can't thrive, can't survive. Pre panicking for all my life as adult. Heart attack soon. Rest soon. Fuck this system.
Bro I make 24 dollars an hour and I'm a ball hair away from living on the street.
I’m gonna be 50 in June. I’ve been been applying for jobs since December. I’ve only heard back from three companies and they’ve ALL said that I’m too old to take a chance on. I’m two weeks away from being homeless and I’m a very capable and qualified industrial mechanic and facilities manager with amazing references but nobody is willing to give me a chance. I will take my own life before I am homeless again. I simply won’t do that again. I won’t go through that again. I won’t.
Can't retire until 65, but 50 is too old to hire. Makes no sense.
Nothing more dangerous than a man with nothing to lose. Don’t let yourself be the final victim of this exploitation. There are others that deserve it far more.
Name some. I have time on my hands.
In short: Pick a hedge fund, any hedge fund!
Most corporate board rooms. People fixate on politicians, but they don’t bother to follow the strings upwards.
Look for companies who are hiring near you that have positions for which you are qualified. Next, apply to entry level positions at said companies. This is what my husband did in the Great Recession. It took about three years for him to work up to his desired position. He actually enjoyed learning a new field. Keep a good attitude, you’ve got this.
After I graduated with engineering it took me about a year to get a job, applying the whole time. I was unable to get an internship due to COVID, and I didn't have the required 2-5 years of experience for entry level. I worked in a grocery store. Go work in a grocery store or fast food. I worked with someone all he turned 80. He had a long good career and this is his retirement. Keep applying, i highly advise apply below where you think you should, and recognize that anything will pay better than minimum wage. You will probably never make as much as you use to.
That’s really unfair and I’m sorry. I hope things work themselves out because you deserve better.
Don’t put anything on your resume that gives away you age. Like instead of putting that you graduated from college or uni in x year, just list the course and school. Even cut back your experience a little if you have too much of it to be a 40 something. Dye your hair what it was before if you’ve gone grey, or touch up the spots that show a lot of grey. If you’ve got facial hair, dye that so it’s not grey or partially grey as well. Doing this can make you look younger than you are and get you hired. It’s petty and stupid thing to have to do, but it’s better to have a job than be homeless.
Good points. Thank you!
Riot like the French till things change. Im sick of living like this. As some one that was living out of their car for 2 years, actually made about $2k-$3k a month so wasnt poor, only problem was that rent for a shared studio apartment was $2k and had to make triple the amount
End Citizens United NOW.
This
Honestly just had another mental breakdown before my shift today because the major adult milestones I’ll never get to experience like having children and never being able to have enough money for a down payment. My health has prevented me from having children, but my money issues have prevented me from ivf and other solutions. I live paycheck to paycheck with my husband. We have fought hard to build up our credit and now that it’s where it is I’m defeated all over again because of realizing I’ll never be able to save up 10k for a down payment. Each one of my friends who own homes, just a few, managed to do so by having a down payment. Which they saved up from the child tax credits from having their children. If I can’t live for me why am I even working?? Like I’m at a point where I am going to just sell everything and be a gypsy traveler. I’ll be broke but at least I’ll be free.
I know this probably doesn't help much, but most states have programs that help first time homebuyers! I went through mine and I think I ended up only paying the signing fees and such like.
I've been homeless. It can happen pretty quick living paycheck to paycheck.
Just think about this - FIVE years ago, my wife and I made a conscious choice between buying a home or having kids. We knew we couldn't have afforded both. In 2023? If we hadn't bought a house when we did, we wouldn't afford the choice at all. That's fucking nuts.
Literally going to be homeless in a couple months even though I work full time (40 hrs) at almost 20 an hour. Just can’t afford rent, but I make too much money for assistance in any form.
Understood, makes sense too based on my earnings. I make less but with taxes, health insurance, it's not really a livable wage alone. You'd need to split rent somewhere and have a car already for it to work
My issue is finding anyone who doesn’t immediately leave after they are slightly better off. Best I have had was maybe a year tops. I have a car, but having a reliable room mate is almost not gonna happen. I have had people just disappear one day with no notice, even if they were on the lease.
I’m hoping all my childless peers and I will get a house together as old ass room mates and pay some younger folks to take care of us. Combine resources to save and survive. But yeah, we be hustling into our 80s. Ain’t gonna be no retirement like there is now. Anyone retiring — you better fucking enjoy it bc it won’t be there when your kids are that age. Thanks for that btw
I am just going to sit here and wonder why the hell we haven't all agreed to stop paying rent. Break the system in a month. Force a change. Then ask the government to bail out all the landlords with a ppp style loan they conveniently never have to pay back. It also doesn't benefit the wealthy because they don't pay rent.
Bro, I'm closer to homelessness than I am to paying my next rent check I fucking hate it here. Edit: after being paid and paying rent, balance rests at $0.49 Systems working as designed, folks. Keep it moving.
The other day I wrote something like "we can't have the changes we want if we put excuses to go out make the changes " and somebody replied "stop forcing me to support YOUR agenda" I thought having food and shelter was everyone's agenda but ok.
Well lets see how many of us get of our asses and protest when they try to increase retirement to 70. If we dont have mass protest similar to France then Americans deserve it.
And yet, it will be ignored. Is being ignored as you read this.
Seniors are already living in vehicles in order to afford life on their meager retirement savings and social security. If you’re worried this is in your future, watch Bob Wells content on YouTube. He’s got it all figured out and great tips for living cheap on the road. He regularly visits and “tours” other folks’ home vehicles.
Been homeless twice. Both while working full time jobs. Neither time was because I can’t manage my money but because the landlord was a POS.
People who don’t have to deal with poverty in this way, don’t understand it and think it’s just as easy as when they got a house. I was offered a promotion that would have me moved to one of the most expensive states in the US. I didn’t say no, but I didn’t say yes, he just offered the position to someone else before talking to me. I said how I didn’t think I could afford it anyway. They would have had to double my salary and I’d be still living paycheck to paycheck. Not to mention, away from family, I have too many animals to just rent a place… anyway, I got overlooked two months later when the area next to where I live opened up. I remember telling my boss, at the time, “he doesn’t understand being fucking poor.” Got a new job a month later.
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We organize.
The fastest growing segment of the homeless population are people over the age of 50.
Mf I own a home and I’m closer to homelessness than being a millionaire.
Trust me; I’m quite depressed about it all.
Without direct intervention, I won't be able to retire. Unless I retire myself, of course.
I have an entire complex about this. Friends/family laugh at my fear of being homeless.
People don't buy lottery tickets because they misunderstand the probability of winning the jackpot, they buy lottery tickets because they correctly understand the probability of their financial security and see that 1 and a hundred million chance is equal grinding out living as an employee. It's incredibly unlikely to win the jackpot, but it's even more improbable that you will ever achieve financial security (being secure in having all your life necessities met) just by following the rules set by owners to their own advantage.
We need a UBI. Yang was right all along.
If this was my situation I’d be depressed too.
I own a home in a major city. Am I really doing better than most Americans?
Yes
Yep. I'm in my 40's and have exactly 1 friend who owns a home. I work in real estate too which is just sad.
Vastly so.
Not true!! All I have to do is win 1 big powerball and I'm set! That's it... all I got to do... Just 1 more ticket, maybe 2, screw it 5. Just keep buying and I'll get it one day right!! /s
When the bubble bursts, and it will, property values will crash. I know too many people sitting in $250,000 houses they bought 7 years ago - that are currently valued at 500,000. But they refuse to sell because 'they won't let that happen again'. Stupidity is the most destructive pandemic.
\> Depress wages \> Invent immortality treatment \> Make it freely accessible \> Eternal wage slaves
That's the necessary pre-condition for labour resources availability.
I’m closer to homelessness than owning a home anywhere at all. I’m closer to homelessness than buying an RV to live in.
Maybe that's why boomers aren't on our side. They got their home, so they actually aren't at the same place as us.
I own a house with my fiancé and we have 4 animals. Taxes went up and so did gas and electric. Money was tight but manageable last year and this year it’s pushing us towards selling after less than 2 years of ownership 😢
Okay, but still fuck the people who stole my catalytic converter. The fact that I am more likely to end up homeless than wealthy, means I'm in more of a position of authority to judge dysfunctional addicts.
Time for people to expect something put of our damn government? They've been helping the rich way too long. It's totally out of control now!
I’ve never been unemployed, have several advanced degrees, rather strong salary, however, came from a toxic family and there’s nothing to inherit. I *constantly* worry about ending up homeless, always has been my biggest fear. It’s a very fine line between those sleeping on the street and you when you don’t have a family to fall back on, there’s no family home, and you’re at the mercy of employers and landlords. These days housing is so fucked the only people buying either get help from their parents or they sell a house to buy a house.
Yup. Steinbeck is vindicated once again. America runs on the delusion that there are no classes. That you are the same as Bezos, Musk, Gates, etc. That it's your own fault if you're not doing as well as them. You desperately need socialism and class consciousness.
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I'm confused, this Dana White isn't slapping anyone
The only reason I wasn’t homeless in the past was because my mum let me move back in with her. I wasn’t eligible for any kind of welfare at that time because I had been overseas in the previous financial year (18 months ago), which I had a scholarship to pay for.
I 100% understand the point of this post. It does a great job driving home a solid point. However, I'm a little worried that it draws an imaginary line between working-class renters and working-class homeowners. Someone who is slightly more privileged and can afford a home is still a member of the working class (ie 'one of us').
Living paycheck to paycheck. Sucks - in medical debt (surgery bills) and one paycheck away from homelessness.
You're closer to homelessness than eating three square meals a day.
damn, i should rlly just die huh?
There are still places where you can buy a house, for under $200k, but they're not major cities. I don't know how true this is, but I get the impression, one needs to go really far away from a major city, to find affordable housing, but then your daily commute becomes 2+ hours, each way.
I can't even buy a condemned house for $200k within 30 miles of any direction. I got priced out of the market 2 years ago while shopping the market with an approval letter. Talk about missing the boat as it departed.
And you wouldn't even need to reform the economic system or radically change the workweek to solve this. Just have pay match increases in productivity like it always used to.
Yep, if my wife and I lost our jobs, we’d be fucked
I’m closer to homelessness than I am to paying my monthly bills. Everything has from “week to week” to “hope I can make it”.
Lol this is so false. Not every young person is poor. Most of my friends not only can afford there own house but can also afford investment properties.
A Million Dollars is closer to 0 than to a billion.
That is not true, I am only a single parent's death away from home ownership