/biz/ - Business & Finance

>>>/adv/ faggot
Boomers deserve to be alone and misery btw

>>10095159
It's not right, things need to be normalised. Been like this for over a decade over here in the south of England. Our Central Bank refused to do anything about it and instead have been doing everything to stoke this mega bubble. Hopefully your Central Bank will do something about this for all of us (looks like they are). It's a disgrace. A qualified couple working all house to live in a one bedroom flat while a 50 part-time shelf stacked sits in their 5 bedroom house having their wages topped up by government tax credits coming from the taxes of the full-time younger couple.

>>10095159

130k, that is literally poverty status in dc. I make 300k combined and feel middle class

>>10095159
you just need to pull yourself up by your bootstraps and work harder

>130k in DC
>thinks he's rich

delusional

Your combined income is 130k and you're a software engineer? Does your wife make 30k?

>>10095159
Move to Texas dumbfuck. I make 130kk alone and live in a brand new 2800 sq foot house that costs 1400/month

>>10095262

Top tech companies pay their engineers around that much in Bay Area starting out and Bay Area is way more expensive than DC so nah it’s not that bad as a 23 year old

>>10095267
/this

Start working harder and save up and you'll be able to buy a house like I did back in 1983.

>>10095275
>>10095282

Nope not even close to being rich, but it’s on the higher end for people under 25 and I think I should be able to buy a basic house with it

>>10095159

>NYC
>Married and combined income of 190k
>need $600k just to buy a microscopic studio apt. and millions for a 1br-2br

just face it our gen is fucked

>>10095323

You can buy a townhouse in Arlington for 800k just fine. If you want to buy a 1.5 mil McMansion in McLean/falls Church you need 300k combined HHI. If you work by Reston sfh is significantly cheaper

Nothing entitles you to a New built McMansion bud, you gotta work for it like I did.

>early 20s
>married

I hope she takes everything from you after she travel with Tyrone to Honolulu.

This is probably the worst decision in your life.

>>10095159
shut up OP
this house is very affordable

>>10095361

Even all the way past Dulles airport houses are still going for 800k-1mil lol it’s fucking ridiculous. You have to move to WVA to not pay 500k for a tiny cuckshed

wait i meant this one
now that thar is a house right thar

>>10095402

>246k for a literal box in the ghetto

Top kek m8

>>10095159

What do you do op, sounds like your wife isn’t capable enough

>>10095382
I recently closed on a $87000 home in the Poconos with 0.6 acres of land. Updated kitchen and master bathroom. Some updating is needed. 3 bedrooms and 2 decks. I love it. And it cost me about $250 per month.

It's called a loan you retard. No one buys houses cash.

>make 155k
>lives in sf

>house price 1MM
>make 130k a year
>"hurr i cant afford to buy muh mcmansion cash"
why are ameriburgers so bad with money? is this because you're given so much of it the concept of delayed gratification is alien to you?
>inb4 "whiter than u ahmed"
europe has its problems, doesn't make your shit stink any less

I bet OP hasn't even researched first time homebuyer programs in his area

>>10095591

No shit, but it’s inadvisable to go in to debt on a house that is more than 3x your annual income

>>10095819

I’ll look in to those thanks, thought they were for poor people only.

>>10095159
Move to the Midwest

>>10095627

I don’t want a McMansion just a house with a driveway that isn’t physically touching the building where my neighbors live.

You're a software engineer in the DC metro and your *combined* household income is only $130k? You should be making at least that much solo as a dev. Try harder bud

My GF and I make 100k combined and we can't afford a home.

Shit is fucked thanks to boomers.

THANKS AGAIN BOOMERS, GREAT WORLD YOU LEFT US WITH, HOPE THEY MAKE YOUR TEA JUST RIGHT AT THE COUNTRY CLUB

>>10095159
>lives in the third richest county in the us
>why are houses so expensive >:(

>>10095918

I’m young and just started, not one of those boomers who have 5-10 years experience. The vast majority of SWE jobs only pay 75-100k starting in this area. Amazon, like 103 or something.

My wife was a lib arts major and makes shit pay at her job

>>10095878
Why the fuck would anyone take on a loan for a house they could just straight up buy if they saved for a couple years? No one does that shit. Mortgages are for poor people who have 10x more debt than assets.

>>10095924

I wish there was a massive crash that leaves all the boomers too poor to afford basic expenses. Unfortunately that would fuck the younger generations over too

>>10095892
You're talking to a European. The concept of having a standalone house with a private place to park your car is a huge luxury to them.

just fucking move. insane housing prices are trying to communicate to you that the place is full but you do not listen and then be butthurt about it

any shitty office job can be done remotely at this point. if your company does not allow its because it is shit

>130k combined income
You aint shit and your hair ain't neither

>>10095968

Do you live in bumfuck nowhere where houses cost 40k or something? Or maybe you live with mom and save 100% of your paycheck each year? It’s not possible to save enough for a house in a reasonable amount of time if you have to support yourself living in a non shitty area that actually has jobs, even while saving over 50% of your income.

>>10095323

>the world owes me things

>>10095968
because you pay more money in rent than you do in interest?

>>10095350

you're just a fucking retard who chooses to be boiled instead of escaping the pot

>>10095989

Why do retards think I’m bragging lmao, or are you actually jealous because you work at McDonald’s making $8 am hour?

Most of our grandparents were able to buy houses in their 20’s even on shitty jobs that didn’t require a college degree. Why can’t we?

>>10095993
You can just work as a deck officer

>>10095994

Fuck off boomer or trust fund kiddo

>>10095958

Yeah that is what you get for marrying a literal retard. I make 200 in private equity and my wife makes 150k as a PhD statistician for capital one

>>10095289
Fuck off we're full

>>10095159
>130k combined income
>combined income
poorfriend

>>10096019

you can. you are just unwilling to leave your cocoon of hot yoga, frappes and bum piss

>>10095159
Because we’re in peak bubble, dumbass. Buying real estate right now is like buying bitcoin at $20k. You’re gonna get fucked if you buy now. Wait a year and you can get any house you’re looking at 30% off.

>>10095159

>Meanwhile I know some boomers in this area who live alone and have shitty 50k jobs who own a house because they bought before I was born when things were cheap

Life is a pyramid scheme bro...

>>10095993
I'm not saying no one takes loans. I'm saying no one takes loans on a house only 3x their annual income. If you're actually good with money and aren't being paid so little that you have to live paycheck to paycheck, you could just save 50% every year and buy a house straight up in 6 years. Hell, even if you wanted to not be such a miser jew who never spends money, you could save 25% and do it in 12 years. It would be absolutely insane to sign a 30 year mortgage otherwise.
>>10095997
Depends on how long you rent while you save money to buy a house outright.

Anyway, this shit isn't even my point. I was just saying how ridiculous the 3x annual income figure was for a mortgage. Very few people are financially responsible like that and pretty much everyone does 5x or more. If you are financially responsible enough to consider this kind of shit, just be a miser jew and live like a starving college kid for a few years to buy a house outright.

>>10095159
Jesus, shut up you dumbass whiners, its like complaining Boomers bought Amazon stock and why isn't it cheap. Oh well? Just invest in a city that is cheaper but on the rise like Nashville or wait for Trump to ruin everything and save your money.

Wow I really hate those 18 year old boomers who bought Bitcoin in 2016 too, I have no self responsibility.

Homes are investments that cost a lot of money, for everyone else there are rentals or did you try condos? You can sell your condo and then use the profits to buy a house.

If millennials used their brain to think of solutions rather than their overdeveloped sense of ego, entitlement and vanity, they would be all right in these streets.

>>10096044

Most of the high paying majors are sausage fests so your chances of finding a girl with a decent paying job are shitty especially if you’re an unattractive manlet

>>10095958
Dude I'm a former heroin addict and I failed out of college and I make 100k a year at 25 by being a night manager at Home Depot.

>>10096019
Why are you making fun of people who share your wife's career choice? Are you upset because you'd be able to afford a house if she chose a real profession and choose to project your emotions upon strangers on the internet?

>>10096116

>how do I change my life without changing my life in any way?

>>10095892
THEN MOVE FAGGOT

this thread is why every salary penis measuring contest on the internet is retarded. its the difference between your income and costs that is the true measure of wealth generation

>>10095958
you married a retard. You will pay the price. Leave her now before you accumulate any wealth.

>>10096019
the federal reserve did this but it’s your fault as well

>>10095159
Larp. Move to PG county.

>>10096117
>unattractive manlet
Your first mistake was being born

>>10096019
>Most of our grandparents were able to buy houses in their 20’s even on shitty jobs that didn’t require a college degree. Why can’t we?
Our grandparents took massive loans for that, for houses and condos we'd judge not fit for the filthiest nigger out there nowadays.

>>10096224
fake news

>>10096111

I make around 5k a month after tax/401k. I can save around 2500 a month, or maybe 3k if I stretch things. 36k a year best case.

I wouldn’t put it into stocks because too volatile, so low yield accounts only while I save.

36k for ten fucking years of living like a miser would get me 360k by the end. Maybe 400k taking in to account the yields from bonds/CDs. Problem is house prices rise too, they rose 10% a year recently in a lot of areas. Compared to 10 years ago my mothers house went from 250 to 500k. So if I was trying to save for a 360k house (barely anything in most cities), the goal posts would constantly be moving. Wages aren’t rising either. Shits fucked.

It’s better to go for a mortgage with preferably low interest rates, inflation chips away at the interest rate so a 4% APR loan is in effect only 1-1.5%. Not that bad.

I know boomers in my area who have houses valued at 500k and are in the last few years of their mortgage, they bought at dirt cheap prices and pay a couple hundred a month which is next to nothing when you have a half million dollar house.

>>10096122

Sounds stressful and very not /comfy/

>>10096238
When there is a massive inflation like in the mid 60-mid 80s, you can take a loan and basically reinburse it with monopoly money.
And yes, the standards for housing greatly improved in the last 50 years.

>>10095159
I was in the same situation. Basically I refused to contribute to the system as much as possible after that by not working a job that paid high taxes or contributing as much as possible. I have made many personal sacrifices along the way and as a result of this choice. It is difficult to opt out as the system is purposely based on perpetual toil, debt and ultimate enslavement. Have lived on meager savings for over 5 years eat and sleep well.

>>10096268
property has never been more expensive in America relative to median household incomes. You are fake news.

>>10096133
Ding ding ding. Just leave ur wife op you are retarded for getting married in ur early 20s and to dumb girl at that.