/biz/ - Business & Finance

Guys what the fuck is a millennial to do?

Parents want us out.
Real estate prices are insane.
Rental prices are insane for dogshit apartments.

I have been racking my brain for weeks and I see no solution.

>>8389035
>Wall Street is wrong about this stock.

The is the PS5 and the Xbox One X Two Thousand two is going to be digital only and you know it!

>>8294510
Here is more your taste.

I've posted a lot in this thread, but I've forgot to post my dream.

This pic is my dream. Just to be able to be lazy without any responsibility. No work, just play vidya or whatever all day.

How much money do I need just to play video games all day? Assume of course that you are living on your own and assume no girlfriend, trips, or anything else to get inbetween your games. Also assume the gaming habit is very cheap, like maybe $30 a month because of piracy.

After two years with any luck our property may be worth $69,000 after the mortgage. That's our $45k down plus mortgage payments and maybe a little appreciation both totaling about $24k. The last number is going to depend on improvements and how the bank sees them.

What is the best strategy at this point?
I don't know.

How about options?
>sell the property cause you can't stand this stuff
>sell the property to roll into something bigger (again you don't have much yet)
>buy a second property with money you have personally been saving up
>try to get a new mortgage recognizing your new equity and appreciation from improvements and the neighborhood

I myself like the option of personally buying a second property with money you have been saving up. Why? Well this actually is a retirement plan for some people. Slowly buy some houses, pay off their mortgages and 15yrs down the road sell them outright and retire. It is a good plan depending on your age and position. 2 or 3 real estate properties can turn a common 401k workers retirement from common to great.

I also like the plan for another reason. By personally buying a second property of similar price to the first it will allow you to later sell them both and roll into a much bigger investment. Actually given your great credit the second property will likely be even more money than the first at no added cost to you because of lower interest rates!

>>771186
That's around the same amount I need to complete my life goal of pic related.

>>726296
Not them, but this pic is my life goal.
Freedom to play vidya at all times.

Is this isn't your life goal, then there is something wrong with you.