There's still hope, I just recently bought a home just after turning 40. You just need to put a ton of money into savings, go bankrupt paying medical bills after something bad happens to your spouse, spend 7 years in borderline poverty, and then have one of your parents die the same month they retire and collect their retirement fund.
I hate that the best thing my father ever gave me was his pension.
94
NatakuNox @lemmy.world - 1day
Calling my pops now. Letting him know the plan.
35
anomnom @sh.itjust.works - 21hr
Our 85 y/o dad is pretty much our only hope for a retirement fund. Only problem is that his parents and relatives all lived to between 95 and 105. And I’m already nearly 50.
7
Da Oeuf - 33min
People spent years trying to work out why life expectancy in Okinawa was so high. Turns out it's their high rate of pension fraud.
1
Asafum @lemmy.world - 1day
your spouse
Yep, no hope lol
Can't afford anything at all on a single income. :(
15
mrgoosmoos @lemmy.ca - 16hr
just need both parents to die
3
kaitco @lemmy.world - 1day
Slightly better than my path.
I bought a house this year, also age 40. To get there, I took a job with a large soulless corporation that is slowly destroying all of us, and then borrowed against all my retirement to get my down payment money.
I just keep saying, “At least I have a house…”
7
WatchfulConsole @sh.itjust.works - 1day
Duh. This is what unchecked wealth inequality is doing. As retirees sell their house to fund retirements and new properties are built, people with already sizable passive income streams are buying them up to increase their passive income streams by turning them into rentals. If you want to build more, developers need to bid against that same wealth for land, driving up the cost of the units and further driving them into wealthy portfolios. Governments are pretty much fully leveraged after covid, so they've got few assets to help subsidize affordable housing, which is often being privately sold anyway and will be sold by those owners later at market prices when these cash strapped families need the money (for retirement or unexpected troubles).
The squeeze-out began in the 1970s and is in full swing.
43
WhatGodIsMadeOf @feddit.org - 1day
I've basically given up on everything. Death is more humble than participating in this culture.
44
Asafum @lemmy.world - 1day
It's literally my "retirement plan."
After my older family pass away like my mother, father, and grandmother, I'm taking a trip to the store and buying a shotgun to eat then fucking off somewhere deep into the woods where hopefully no one has to accidentally find me.
19
ᴍᴜᴛɪʟᴀᴛɪᴏɴᴡᴀᴠᴇ - 1day
If you're in the US, get the gun now, you might need it for other reasons. Fascists typically try to take the guns at some point. Don't believe Republican 2nd amendment bullshit. The leaders would love to take the guns, Trump even said as much.
21
socsa - 1day
I mean at least take out some fascist politician or something.
16
BeardededSquidward - 16hr
Hey, I know things are dire, but remember our patron saint Luigi.
8
IronBird @lemmy.world - 16hr
seriously, if your gonna kill yourself you might as well take out the worst scumbags around before you do
11
BackgrndNoize @lemmy.world - 19hr
I mean you can imagine more than that, my plan is to take loans and credit cards I have no plans to pay back, ball out all over the world and then book a solo sky dive, perhaps over an active volcano and dive straight into it
5
rozodru - 1day
Honestly the best thing that's ever happened to me in my career is the AI bubble. not because it's a good thing, it's a god damn horrible thing, and because it sucks I'm making money now fixing other companies reliance on it. that's it. Without that I'd probably be unemployed right now.
Now i'm just saving pretty much everything I make because I need to finish before the bubble bursts. I've essentially entered myself into a race that I NEED to win very soon.
14
BackgrndNoize @lemmy.world - 19hr
Do you mind sharing where I can find such a role and what the title for such jobs is, I'm currently unemployed software engineer but I need to start saving for the upcoming recession as well
8
rozodru - 6hr
like it or not Linkedin unfortunately. Prior to what I do now I was just a regular consultant dev and decided to pivot to essentially being a sort of "digital janitor". I had an existing client base but those clients were smart enough to not even bother with leveraging LLMs for their work, they already had a solid team of developers. Some work I got via client referrals but most was honestly just posting comments/small blogs on Linkedin and arguing with tech bros. Tech Bro posts their usual BS AI slop, I'd reply saying how idiotic and wrong they were, other companies took notice and figured "ok we're in a bind, this guy seems to know what he's talking about, lets get on a call with him"
Remember most of these AI tech bros are out of work middle management wannabes so get in their threads and call them out. Many small dev houses and startups are currently trying to snuff out LLM fires but are afraid to admit they fucked up due to investors, clients, and what have you so they're not going to out right post jobs stating they need help with it. you have to let them know you're out there. Post on linkedin, cold email places, etc. Also highlight the fact you do code review on your resume. This is one skillset that is massively in demand right now because of LLMs. Not everyone can do it and do it well but it's something that isn't that difficult to get good at. You pretty much have to be willing to become a freelancer/consultant and take on several clients at once and then build your reputation. After awhile if you're good at it you won't need to advertise your services anymore as word will spread and clients will be beating down your door hoping you can save them. I've been booked solid for almost the past year. And it's not hard work at all either, dare I say doing what I do now is 10x easier than just doing regular dev work because the vast majority of issues are all the same. Client leverages AI for an end to end build, it doesn't scale, way too many exploits, a series of #TODOS that the LLM claimed were complete but weren't even started and the "vibe coder" behind it all didn't know any better. it's the same song and dance with each company. You'll eventually end up doing maybe 3 to 4 hours of work a day just reviewing code and writing reports and then fuck off and play a videogame or something.
2
BackgrndNoize @lemmy.world - 5hr
Yeah it makes sense they wouldn't want to admit making a mess with AI, I've never worked as a independent contractor before and I avoid linkedin like a plague, but I might need to start working on that going forward
1
swim - 16hr
I'm interested as well
2
baines @lemmy.cafe - 1day
why is anyone paying these experts?
this is ketchup research levels of fuckery
30
FuglyDuck - 1day
if you're not part of the solution... which they're not... there's money to be had being part of the problem.
They're being paid by the people who want to exploit us.
16
chronicledmonocle @lemmy.world - 1day
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.
27
karashta - 1day
Yeah. This has been true for basically my entire adult life. Graduated high school in '02 into a job market still fucked from the dotcom crash, got my theater career into gear, destroyed utterly by the GFC. Went from construction to pest control as I was looking for more recession proof work, was a season away from getting my ACE certification... Destroyed by covid-19.
If this was it, I probably could maybe at least have a shot, but then I quit nicotine, fell while feeling sick and dizzy from withdrawal and got a TBI.
I'll be lucky if I get to continue living in anything remotely as nice as this little apartment I'm in with my brother.
Honestly, almost never had a shot anyway, even without my personal issues.
25
guy - 1day
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.
21
ᴍᴜᴛɪʟᴀᴛɪᴏɴᴡᴀᴠᴇ - 1day
Holy shit in the US a one room shack 100km from civilization would be like $80000 plus.
17
JordanZ @lemmy.world - 1day
My uncle is retired so the distance didn’t really bother him. He bought a 1200sq/ft(~111m^2^) 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.
16
guy - 1day
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.
3
JordanZ @lemmy.world - 15hr
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.
4
IronBird @lemmy.world - 16hr
and those places arent any better than the cities, small town america is even more corrupt than the cities.
3
Tollana1234567 @lemmy.today - 14hr
airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.
17
VitoRobles @lemmy.today - 11hr
Even if you had high wages, it's really difficult with all of this inflation.
3
Gary Ghost - 1day
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.
16
socsa - 1day
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.
8
octobob @lemmy.ml - 16hr
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.
6
LordCrom @lemmy.world - 16hr
I would live in a nice sized RV if any fucking city in america woyld let you park the thing. Cities hate RVs
5
IronBird @lemmy.world - 16hr
as they should
3
YiddishMcSquidish @lemmy.today - 14hr
Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.
14
BeeegScaaawyCripple - 13hr
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?
4
YiddishMcSquidish @lemmy.today - 12hr
Yeah, don't know where you're going with this. But I said I was lucky in the first few words.
4
BeeegScaaawyCripple - 5hr
i don't know where i was going with this halfway through the sentence either. yesterday was a weird day
1
unreliable @discuss.tchncs.de - 1day
At least almost dead people are getting a tons of money to give to they spoiled grandchild wante into unnecessary stuff
12
bestagon @lemmy.world - 17hr
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?
11
LordCrom @lemmy.world - 16hr
House flippers keep buying houses, painting shit white, then selling it to another flipper for 100k more than they bought it for
17
BanMe @lemmy.world - 14hr
At this rate HGTV will have turned everyone on Earth into a house flipper by mid next year.
2
BanMe @lemmy.world - 15hr
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)
11
Psiczar @aussie.zone - 14hr
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.
16
holomorphic @lemmy.world - 9hr
Depends on the 'average'.
Mean? Yes; median? probably not
3
MonkeMischief @lemmy.today - 11hr
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.
10
Da Oeuf - 52min
Is that the median or mean average? The worse that inequality is the more it distorts mean averages and the less it tells you about the majority.
2
AizawaC47 - 14hr
lol 😂 what a sick twisted sense of humor.
1
HurricaneLiz @lemmy.world - 9hr
Am 43. Owned a falling-apart trailer for two years til it leaked enough carbon monoxide to almost kill me. Couldn't afford maintenance. I have one Aunt left to live with and when she passes I'm expecting to be homeless again. I'll never afford my own home. Yes, I've looked up "assistance" for disabled and therefore low income ppl in my area, and many other areas as well bc I'd move for a home again in a heartbeat, but that stuff simply isn't funded anymore. I feel like I've been moving from one family to another who will temporarily adopt me for the last 15 years.
10
Gormadt - 12hr
I'd love to buy a home
I just can't do it any time soon due to ballooning prices where I currently live
8
Hikermick @lemmy.world - 1day
Get ready to buy the dip
8
IronBird @lemmy.world - 16hr
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.
3
PrimeMinisterKeyes @leminal.space - 18hr
I read "clip" at first. As in: "16 in the clip and one in the hole."
2
BeardededSquidward - 16hr
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?
7
IronBird @lemmy.world - 16hr
declare bankruptcy, that's what it's for
2
BeardededSquidward - 16hr
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."
7
IronBird @lemmy.world - 15hr
ooooooh, yeah....for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/month?), then pretending the rest doesn't exist.
eventually, either a sane government comes into power and clears all actively paying debts for an easy voter-support win, or the USA collapses entirely into a MAGA-amerikkka paradise and we probably have a 2nd civil war...either way not your problem
2
BeardededSquidward - 3hr
Nope, they killed the SAVE act so it's gone up significantly from under that. If you don't meet minimum payments it's considered defaulting and you can bet this regime will be aggressive in collecting that money.
1
MisterOwl @lemmy.world - 25min
They're already talking about garnishing wages.
1
CaptSneeze @lemmy.world - 15min
Is it possible to take out another loan and use that to pay off the student loan, then declare bankruptcy for that new loan? I’m sure there must be a rule against this, I can’t be the first to think of it.
1
some_guy @lemmy.sdf.org - 4hr
Older than millennials and accepted that I'll never own a home. This is despite having money. Not where we want to live, anyway.
We could swing it if we accepted living in a shithole like Utah, but then I'd hate my life.
6
Spitefire @lemmy.world - 4hr
I sold my house in Utah and bought a better one for less back east. Utah is indeed a shithole, but property there is expensive as fuck.
2
NauticalNoodle @lemmy.ml - 16hr
i'm not sure i ever held out hope of owning my own home.
6
azureskypirate @lemmy.zip - 24hr
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:
any corporation
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)
5
LordCrom @lemmy.world - 16hr
I would never ever ever buy a property with an HOA.
5
MonkeMischief @lemmy.today - 11hr
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.
2
Sirdubdee @lemmy.world - 14hr
I wish younger generations would take over trailer parks.
1
Vinylraupe @lemmy.zip - 11hr
Special news report coming in: Water is indeed wet.
5
GreenBottles - 1day
Can't imagine why
4
SuluBeddu @feddit.it - 7hr
At this point it's easier to join a movement to tax private ownership of essentials, than saving for a home
4
buzz86us @lemmy.world - 3hr
I just bought the cheapest house that was bearable to live in. It was $40k cash.
4
HugeNerd @lemmy.ca - 32min
It's very hard to find single-family dwellings that are small enough to be cheap enough...
Where is this 40K house? Does it need 100K in repairs?
1
Perspectivist @feddit.uk - 1day
I bought mine when I was 27. Not a big house but house nevertheless. Didn't want to live in an apartment anymore. Anything is better than that.
3
winkerjadams @lemmy.dbzer0.com - 1day
I saved up 10k in 6 months towards a house. Saw house prices go up 50k during that same time. Said fuck it and started renting
8
Timecircleline @sh.itjust.works - 1day
Fair. We were looking at probably around the same time and then decided to buy a prebuild to lock the price in. By the time it was built a year and a half later it had gone up by about a 1/3rd.
3
Fluffy Kitty Cat - 21hr
How much money did your parents give for the down payment?
7
Perspectivist @feddit.uk - 11hr
None but they backed the loan.
3
winkerjadams @lemmy.dbzer0.com - 9hr
I have perfect credit history and never missed a single payment. Nobody in my family would even co-sign for a car. Consider yourself very lucky
3
Perspectivist @feddit.uk - 8hr
I consider myself immensely lucky. Sometimes it feels like my entire life has been nothing but a continuous streak of good luck - almost to the point of me foolishly counting on it happening again. I can't explain it, but I'm thankful, and I'm under no illusion that any of it is my own making. Even the fact of having had a good childhood and parents who are still together at +65 years old is so valuable and increasingly rare nowadays.
3
Eryn6844 - 1day
work from home and move out into the forest peeps. buy a mobile home and your own land. get a camper first if needed and then save up to put the mobile home or build a actual block home. pay off your loans and credit cards. get an emergency fund. pay off your house loans. save for retirement. $$$$
throws_lemy in news @lemmy.world
Millennials are giving up on the thought of ever buying a house and experts estimate fewer will become homeowners
https://www.independent.co.uk/news/world/americas/millennials-homeowners-research-paper-b2889899.htmlThere's still hope, I just recently bought a home just after turning 40. You just need to put a ton of money into savings, go bankrupt paying medical bills after something bad happens to your spouse, spend 7 years in borderline poverty, and then have one of your parents die the same month they retire and collect their retirement fund.
I hate that the best thing my father ever gave me was his pension.
Calling my pops now. Letting him know the plan.
Our 85 y/o dad is pretty much our only hope for a retirement fund. Only problem is that his parents and relatives all lived to between 95 and 105. And I’m already nearly 50.
People spent years trying to work out why life expectancy in Okinawa was so high. Turns out it's their high rate of pension fraud.
Yep, no hope lol
Can't afford anything at all on a single income. :(
just need both parents to die
Slightly better than my path.
I bought a house this year, also age 40. To get there, I took a job with a large soulless corporation that is slowly destroying all of us, and then borrowed against all my retirement to get my down payment money.
I just keep saying, “At least I have a house…”
Duh. This is what unchecked wealth inequality is doing. As retirees sell their house to fund retirements and new properties are built, people with already sizable passive income streams are buying them up to increase their passive income streams by turning them into rentals. If you want to build more, developers need to bid against that same wealth for land, driving up the cost of the units and further driving them into wealthy portfolios. Governments are pretty much fully leveraged after covid, so they've got few assets to help subsidize affordable housing, which is often being privately sold anyway and will be sold by those owners later at market prices when these cash strapped families need the money (for retirement or unexpected troubles).
https://youtube.com/watch?v=pUKaB4P5Qns
The squeeze-out of the middle class has begun.
The squeeze-out began in the 1970s and is in full swing.
I've basically given up on everything. Death is more humble than participating in this culture.
It's literally my "retirement plan."
After my older family pass away like my mother, father, and grandmother, I'm taking a trip to the store and buying a shotgun to eat then fucking off somewhere deep into the woods where hopefully no one has to accidentally find me.
If you're in the US, get the gun now, you might need it for other reasons. Fascists typically try to take the guns at some point. Don't believe Republican 2nd amendment bullshit. The leaders would love to take the guns, Trump even said as much.
I mean at least take out some fascist politician or something.
Hey, I know things are dire, but remember our patron saint Luigi.
seriously, if your gonna kill yourself you might as well take out the worst scumbags around before you do
I mean you can imagine more than that, my plan is to take loans and credit cards I have no plans to pay back, ball out all over the world and then book a solo sky dive, perhaps over an active volcano and dive straight into it
Honestly the best thing that's ever happened to me in my career is the AI bubble. not because it's a good thing, it's a god damn horrible thing, and because it sucks I'm making money now fixing other companies reliance on it. that's it. Without that I'd probably be unemployed right now.
Now i'm just saving pretty much everything I make because I need to finish before the bubble bursts. I've essentially entered myself into a race that I NEED to win very soon.
Do you mind sharing where I can find such a role and what the title for such jobs is, I'm currently unemployed software engineer but I need to start saving for the upcoming recession as well
like it or not Linkedin unfortunately. Prior to what I do now I was just a regular consultant dev and decided to pivot to essentially being a sort of "digital janitor". I had an existing client base but those clients were smart enough to not even bother with leveraging LLMs for their work, they already had a solid team of developers. Some work I got via client referrals but most was honestly just posting comments/small blogs on Linkedin and arguing with tech bros. Tech Bro posts their usual BS AI slop, I'd reply saying how idiotic and wrong they were, other companies took notice and figured "ok we're in a bind, this guy seems to know what he's talking about, lets get on a call with him"
Remember most of these AI tech bros are out of work middle management wannabes so get in their threads and call them out. Many small dev houses and startups are currently trying to snuff out LLM fires but are afraid to admit they fucked up due to investors, clients, and what have you so they're not going to out right post jobs stating they need help with it. you have to let them know you're out there. Post on linkedin, cold email places, etc. Also highlight the fact you do code review on your resume. This is one skillset that is massively in demand right now because of LLMs. Not everyone can do it and do it well but it's something that isn't that difficult to get good at. You pretty much have to be willing to become a freelancer/consultant and take on several clients at once and then build your reputation. After awhile if you're good at it you won't need to advertise your services anymore as word will spread and clients will be beating down your door hoping you can save them. I've been booked solid for almost the past year. And it's not hard work at all either, dare I say doing what I do now is 10x easier than just doing regular dev work because the vast majority of issues are all the same. Client leverages AI for an end to end build, it doesn't scale, way too many exploits, a series of #TODOS that the LLM claimed were complete but weren't even started and the "vibe coder" behind it all didn't know any better. it's the same song and dance with each company. You'll eventually end up doing maybe 3 to 4 hours of work a day just reviewing code and writing reports and then fuck off and play a videogame or something.
Yeah it makes sense they wouldn't want to admit making a mess with AI, I've never worked as a independent contractor before and I avoid linkedin like a plague, but I might need to start working on that going forward
I'm interested as well
why is anyone paying these experts?
this is ketchup research levels of fuckery
if you're not part of the solution... which they're not... there's money to be had being part of the problem.
They're being paid by the people who want to exploit us.
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.
Yeah. This has been true for basically my entire adult life. Graduated high school in '02 into a job market still fucked from the dotcom crash, got my theater career into gear, destroyed utterly by the GFC. Went from construction to pest control as I was looking for more recession proof work, was a season away from getting my ACE certification... Destroyed by covid-19.
If this was it, I probably could maybe at least have a shot, but then I quit nicotine, fell while feeling sick and dizzy from withdrawal and got a TBI.
I'll be lucky if I get to continue living in anything remotely as nice as this little apartment I'm in with my brother.
Honestly, almost never had a shot anyway, even without my personal issues.
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(~111m^2^) 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.
airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.
Even if you had high wages, it's really difficult with all of this inflation.
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.
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.
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
Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.
Yeah, we've decided that we're just gonna pick a house we like and move in. If someone lives there, they can live under it. Got 64 more layers til bedrock, right?
Yeah, don't know where you're going with this. But I said I was lucky in the first few words.
i don't know where i was going with this halfway through the sentence either. yesterday was a weird day
At least almost dead people are getting a tons of money to give to they spoiled grandchild wante into unnecessary stuff
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.
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.
Depends on the 'average'. Mean? Yes; median? probably not
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.
Is that the median or mean average? The worse that inequality is the more it distorts mean averages and the less it tells you about the majority.
lol 😂 what a sick twisted sense of humor.
Am 43. Owned a falling-apart trailer for two years til it leaked enough carbon monoxide to almost kill me. Couldn't afford maintenance. I have one Aunt left to live with and when she passes I'm expecting to be homeless again. I'll never afford my own home. Yes, I've looked up "assistance" for disabled and therefore low income ppl in my area, and many other areas as well bc I'd move for a home again in a heartbeat, but that stuff simply isn't funded anymore. I feel like I've been moving from one family to another who will temporarily adopt me for the last 15 years.
I'd love to buy a home
I just can't do it any time soon due to ballooning prices where I currently live
Get ready to buy the dip
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 have so much debt that I'm certain this regime will fuck up and make it worse for me, there's little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I'll never own a home, never retire, I barely have a comfortable life. Tell me what I'm not doing what those intrusive thoughts are telling to do again?
declare bankruptcy, that's what it's for
It doesn't clear student loan debt, I have to have a level of hardship I don't have. I'm able to pay my debts but I'm left with little afterwards. It's a crummy catch 22 system overall and bankruptcy isn't a magical get out of debt want. It hampers you in the new red lining they call "Credit Score."
ooooooh, yeah....for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/month?), then pretending the rest doesn't exist.
eventually, either a sane government comes into power and clears all actively paying debts for an easy voter-support win, or the USA collapses entirely into a MAGA-amerikkka paradise and we probably have a 2nd civil war...either way not your problem
Nope, they killed the SAVE act so it's gone up significantly from under that. If you don't meet minimum payments it's considered defaulting and you can bet this regime will be aggressive in collecting that money.
They're already talking about garnishing wages.
Is it possible to take out another loan and use that to pay off the student loan, then declare bankruptcy for that new loan? I’m sure there must be a rule against this, I can’t be the first to think of it.
Older than millennials and accepted that I'll never own a home. This is despite having money. Not where we want to live, anyway.
We could swing it if we accepted living in a shithole like Utah, but then I'd hate my life.
I sold my house in Utah and bought a better one for less back east. Utah is indeed a shithole, but property there is expensive as fuck.
i'm not sure i ever held out hope of owning my own home.
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:
any corporation
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 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.
I wish younger generations would take over trailer parks.
Special news report coming in: Water is indeed wet.
Can't imagine why
At this point it's easier to join a movement to tax private ownership of essentials, than saving for a home
I just bought the cheapest house that was bearable to live in. It was $40k cash.
It's very hard to find single-family dwellings that are small enough to be cheap enough...
Where is this 40K house? Does it need 100K in repairs?
I bought mine when I was 27. Not a big house but house nevertheless. Didn't want to live in an apartment anymore. Anything is better than that.
I saved up 10k in 6 months towards a house. Saw house prices go up 50k during that same time. Said fuck it and started renting
Fair. We were looking at probably around the same time and then decided to buy a prebuild to lock the price in. By the time it was built a year and a half later it had gone up by about a 1/3rd.
How much money did your parents give for the down payment?
None but they backed the loan.
I have perfect credit history and never missed a single payment. Nobody in my family would even co-sign for a car. Consider yourself very lucky
I consider myself immensely lucky. Sometimes it feels like my entire life has been nothing but a continuous streak of good luck - almost to the point of me foolishly counting on it happening again. I can't explain it, but I'm thankful, and I'm under no illusion that any of it is my own making. Even the fact of having had a good childhood and parents who are still together at +65 years old is so valuable and increasingly rare nowadays.
work from home and move out into the forest peeps. buy a mobile home and your own land. get a camper first if needed and then save up to put the mobile home or build a actual block home. pay off your loans and credit cards. get an emergency fund. pay off your house loans. save for retirement. $$$$
what would mao do?
what would marx do?