/biz/ - Business & Finance

>>12320822
Survivorship bias. If you bought a $200,000 home in 2010 you could have sold it in 2014 for $350,000. You never hear about the boomers who failed.

>>12320822
Real estate is a scarce resource, especially in a high-paying / HCOL area.

Sorry bucko!

>>12320822
Price of living has increased with no increase in wages

unironically wage cucking is the way 99.99% of people make it

>>12320841
But how the fuck were they able to buy a $200,000 home in their mid twenties?

Think of life like crypto. The boomers were the early adopters and got super rich off btc and alts, then sold you the bags. See, if the volume of buyers were never ending, we could have likely kept growing and all lived happily ever after. But the buyers ran out, and the boomers cashed out at the top. Now we're left holding the bags.

Our generation is the same way. The boomers set up all these social systems, but the volume is too low, and our coins will never moon again ;_;

>>12320822
The housing market literally just made another jump like that in 2017. You could have bought a cheap ass zero money down condo 2 years ago you’d be set rn, but nooooo you gotta have your dream home right off the fucking bat.

>>12320857
Dual income.
Thrifty spending.
Not that hard. All you have to do is save $40,000 on 20% down. You can easily do that on $15 an hour today.

>>12320879
My parents aren’t boomers though. They’re gen x. They’re in their late 40s.

uhhh duh endless immigration, and cash transfers to blacks, mexicans, women, all non white males from white males.

Your being cukcked paying for melshias baby via tyrone

>>12320856
This. Save and invest

>>12320902
>Not that hard. All you have to do is save $40,000
Because that is soooo easy right?

>>12320902
quality bait

>>12321068
You don’t know what the fuck you are talking about. Gibs in the US suck ass.

>y-you get special gibs if you are a nigger

No, not really. It’s all SSDI and food stamps.

>>12321431
$10,000 a year.
Less than $1000 a month.
Move to a cheap apartment. Get a cheaper car or walk. You're already there after 4 years.

>>12320857
Didn’t you know op, your mother whored herself out to buy that first house, maybe you should try the same

>>12320857
You act like they saved 200k up front. Are you totally fucking retarded? They had 30 year mortgages. Build your fucking credit like they did you imbicile.

>>12321465
> You're already there after 4 years.
Who knows what prices will be then. Also what happens if I get sick? Health insurance doesn't cover everything.

>>12321678
It sounds like you just want to make excuses for your failure and feel bad for yourself.

>>12321678
Staying in a week for the flu isn't going to wipe out your savings.

>>12320857
what the fuck is wrong with you?
>hurr durr how do I save 40k

>>12321678
i dunno faggot it's still <200k in most of the US and has been forever. Perfectly doable to get a house less than 200k in most nice suburbs near tons of livable cities, or even a condo at a great price within safe neighborhoods in those cities if you just save money

>>12321678
it looks like you'd rather keep your current lifestyle instead of taking small compromises that would net you the 40k in savings you seek. Stay that way then! But what if you get sick now, with no savings? :)))))))

>>12321678
Then buy something less than ideal with less money down as a starter home and upgrade later.

>>12320857
Lower cost of living, cheaper education, fewer necessary expenses, lower unemployment (look into what your government considers employment for unemployment stats), dual income in full-time positions and less predatory lending practices. Saving for a deposit was vastly easier, and they got away with what is now criminally small mortgage repayments.

>>12320857
Interest rates on loans were a fraction of what they are now.

>>12321465
>Less than $1000 a month.
So all of my after tax income?

Houses are all $1M+ where I live

>>12321678
This is why you people are broke.
I work a minimum wage job and I saved up 50k in the past 18 months.
How is this possible, you ask? I work as much overtime as possible and I don't spend money on anything except rent and cheap food I can cook myself.

My mom is seventy-fucking-six years old and STILL hasn't paid off the house.

How is that even possible? They've been living in the same house for over 40 years?

>>12320857
boomer economics

>>12321465
If I make 30k/year you get $24,442 after tax. After saving 1k a month that's 12,442 left. Rent where I live is ~$700/month for a batchelor, like$1500 for a two bedroom, so lets say 700*12=$8,400 a year.

We're left with 4,042 a year. If you eat nothing but rice and noodles you can get by with $200 a month for food, or 2,400 a year.

That leaves $1642 for transportation (lets be honest it's a buss pass you cant afford a car here), electricity bill, phone bill, internet bill, or any other little thing that goes wrong.

>>12322395
Mortgage rates were as low as 7% in the early 70s and in the double digits towards and into the 80s. We've had some of the cheapest rates in all fairness.

Coincidentally I was walking to work just now and having cold sweats about my debt. Literally reaching unbearable levels of stress to the point I'm in tears most of the day.

I owe £5300 and the interest is absolutely killing me. All slowly piled up after having to fix several urgent things in my life.

It makes just living a fucking painful nightmare, so trying to better myself in anyway just seems impossible. My work, relationships, and health are all suffering badly. I estimate it'll take me 10 months of living in the absolute breadline to be free of this.

Not sure I can make it bros... Wish I was a boomer or never born at all

>>12322412
Second this. When I couldn't get more overtime I got multiples jobs. Not much of a life for those four years and I did my 4 yr degree in 6 yr but that's how this millenial got his degree without student loans.

>>12322496
I was in a similar situation with about $11,000 in debt. In the end I ran out of options and robbed my drug dealing neighbor to pay it off.

In 1990 parent was renting a room in a house in the center of the city paying $150 a month in rent. --That figure is inflation adjusted, it was actually $70 a month back then.---
If doing the same thing today, it's more like $500 at best.

>>12322496
What got you stuck with that debt buddy?

>>12320822
>Dad graduates college
>Commercial estate grandparents owns is empty at the hearth of my hometown
>Dad takes over, works for ~10 years
> Buys 3 more real estate, all of them in richer parts of the city
>Expands the store(buys the flat zbove the store)
>Rents it for $15k/month at 2002
>Retired at the age of 40
idk man... He is everything every neet here wants to be, maybe if he dies soon I can take over where he left.

>>12322496
>tfw 60k in the hole
>don’t really care at all
Feels good man.

>>12322845
How? How old are you?

>>12322712
How did that work out for you?

BTC is not private or fungible.

What use does a large corporate entity or institution have with a coin that can be analysed through chain analysis so that their competitors, foreign governments, or other bad actors can analyse all of their transactions data?

Information leaked includes relationships, supply chains, profit and loss information, accumulated wealth, and more.

For people serious about Business Monero is the answer. Data mining will be a serious issue for commercial deployments.

https://youtu.be/FeNYjYA2lVg

Because at that time the resources were still not fully distributed. Unlike nowadays, the rich get most of the resources and the rest get less and less. The is called a "M" shaped society. Where middle class is shrinking year after year. Boomers could achieve middle class way easier than we can do nowadays. Japan is a great example of a "M" society

>>12321444
>not living DINK for 5 years with a partner
never gonna make it

>>12322472
>spending more than 80$ a month on food
never gonna make it eggs and oats are cheap as fuck and poultry goes on sale twice a month learn to cook poorfag. never gonna makelets the thread

>>12321737
its like looking into that anons future where did you get this image whoa

>>12322407
then don't buy a house there

>>12322503
def gonna make it if you have no student debt you're already in the 1% my dude

>>12322832
ask for an in anon so you can learn the ropes and earn something to make something yourself. tell your dad a 30yo boomer is jealous of him and his families dynasty. DO NOT LET HIM SELL IT AND PREVENT YOU FROM DOING SOMETHING. Remind him pap paw set him up dont pull some shit like "you need to make your own way hur hur hur"

>>12320902

You don’t even need to save 20%. I bought my first house in 2004 with 5% down. Those loans are harder to get today, but they exist.

>>12320822
That’s not what my parents did at all. My dad is an alcoholic and my mom owns a small shop. Shows how much you know.

>>12323040

Nice enjoy your cancer in 20 years
What you save on food now will be paid for by poor health in later years

>>12323664
you're a legitimate retard. and I don't mean that you have a disability I am making a statement in which to offend you because you are acting in a manner that resembles those with mental deficiencies. it would be one thing if you were actually retarded but you are not so this is unforgiveable.

>>12323358
Nah, he'll likely die in the next 5 years anyways. Question is what'll be the cause ? hearth attack, cirrhosis or cancer ?

>>12323805
what the fuck make sure your on the will then instead of his co-worker. start working with him now so you can handle that business and make it bro. what are you so busy with or waiting for in the meantime?

>>12320850
false faggot.

>>12323804
Not the Anon you're talking to but when I was a student I spent a month eating nothing else than a hundred gram of pasta (no sauce, meat, veggies or fruit) for each meal (breakfast, lunch and diner) because I only had 20€ to spend on food for the whole month. A month or so later I discovered I had testicle cancer and lost my left nut.
There's no way to know if my nutriment deprivation was actually the cause of my cancer but since I don't drink or smoke I chose to believe it was.

>turn 18
>graduate high school
>enter workforce
>make ~$35k year
>save $25k per year living with parents

At the age of 22 you can easily have $100k saved up or even more if you invest.