/biz/ - Business & Finance

>For my reqs the house would need to be around a mil

you don't need a million dollar house if you're currently single

>>55028118
>makes 100k and has 40k in fucking cash and cant afford a home
wew lad maybe my generation really is fucked out of the american dream. I thought my peers were just lazy and financially irresponsible but if a mf like this can't buy a house I'm fucked, I might never make 100k.

>>55028137
I mentioned in the post that I need to support my parents and wife. And my bro and his wife visit for 4 months every year, so I need room for them as well..

My parents aren't really open to selling our current house, which we can get a million for. I don't see any other option besides that, and don't know what to do going forward..

>>55028152
it's literally over, I was at the top of my grade throughout highschool, went to the best uni, got a good job. And am in the same position as my bum friends living at home working cashier. I don't know why I even tried so hard..

>>55028177
Sounds like your parents are well established then. Why must they live with you? Buy a house for yourself and your wife. If they aren't going to sell the house then their decision should not be your problem. You can visit them and vice versa.

>>55028177
Why are you responsible for your parents? Are they not adults?

>>55028191
now you sound like a lying piece of shit...actually anyone making over $100,000 wouldn't be wasting their time on /biz/. You remind me of those weird people that roleplay on forums because you have nothing else better to do with your life.

>>55028191
thats fucked bro. I'm no bum I work hard, but I definitely pissed away all those opportunities to be educated and in successful circles by being an underachieving student and more concerned with partying and having fun than academia. If you don't have hope why the FUCK should I

>>55028177
Okay just read this post too and you're definitely Indian so I will not seek to console you any further. I should have known when you said Canadian because there are no white Canadians left. I don't comprehend the culture where 20 adults need to be jammed into your house with a revolving door of visitors and relatives so nothing I could say would be relevant

>>55028244
Not indian or brown, in my culture family lives together and the youngest takes care of the parents.
>>55028222
I'm literally not, 100k isn't anything special.. I'm not trying to diss my friends, they are great guys but just didn't do anything in their lives. I have other friends who make way more than me and are successful.
>>55028209
My parents are older and want to live with me, I asked them about living apart and they got upset cause my siblings moved away as well.
>>55028216
Not that I'm responsible, but they just don't want me to move away and leave them alone, and honestly neither do I really. They are older as well, so I usually take care of any strenuous labour, and driving.

>>55028222
>anyone making over $100,000 wouldn't be wasting their time on /biz/
Listen nigger, I make $120k a year as a remote software engineer and spend most of my free time browsing biz and playing video games.

>>55028222
Me personally, I don't make much at all, but I know people on 4chan in general who are quite wealthy, some born into it and some who made it entirely on their own through specialized autistic work.

>>55028118
Boomer here

I tell my boys to get married. Marry some bitch with a good job. Both of you work towards buying a house. Don't freak out if she cheats on you, just pay her back by getting a gf. Keep working on paying for that house.

worst case you get divorced and she takes half and you still come out way ahead both on equity and your credit score. The two of you together made more than you ever could have apart.

but I don't think you guys do that sort of thing, so I don't really worry about it. You're too good to do what your parents had to do to get a house. So you don't get a house.

>>55028118
Just stop caring. That’s all there is to beating depression

>>55028118
Don’t worry dude just calm down. Relax. Things are bad right now but you’ll most likely still be alive 50 years from now. Just calm down. Do some mushrooms maybe, read the Bible. Focus on one thing at a time

>>55029617
This is strange and factually inaccurate advice. I'm disappointed in myself that I listened to shitty advice like this as a kid.
>The two of you together made more than you ever could have apart.
Explain yourself because the tax breaks for marriage are nowhere near enough to believe this is true. WTF are you talking about.
>worst case you get divorced and she takes half
That is in no way the "worst" case scenario. Again, wtf are you talking about. I know a guy whose wife got into a car accident, got addicted to pain killers, went certifiably psychotic, took "her" children out of state to a location not known to the man, and then kept the kids off the grid in a remote town while he spent years working his way through the court system at his expense to get them back. It ruined his life. So WTF are you talking about.
>Marry some bitch with a good job.
Jobs can be quit without your consent.

Baby boomers really are retarded in special and unique ways. It's kind of scary that Boomers ran the economy and continue to run the government when you all think like this.

>>55028191
I TRIED SO HARD ....AND GOT SO FAR....

>>55029703
>Explain yourself because the tax breaks for marriage are nowhere near enough to believe this is true.
there are zero tax breaks for marriage

I'm talking about buying a house. You can't afford a house on your own. You can afford a house on double your income. So get married and double your income.

I didn't say have kids, I didn't say stay married to a woman that quits her job. I said get married and buy that house the bank won't let you have on one income. What you do after that is none of my business, entirely up to you.

>>55029711
kek

>>55029720
>just sign the papers bro
>hope she doesn’t divorces you so you gotta keep paying for her house bro
lmao

>>55028222
bro shitloads of rich people browse here. it’s one of the few places anyone can have a truly unfiltered discussion anymore, if I say dumb shit at work nobody is going to do shit. Here I get called a faggot and told to kill myself, it’s quite refreshing

>>55029756
How it works is you aren't even building equity in the house for the first 6-10 years.

but that house is going up in value by tens of thousands of dollars every year, perhaps hundreds of thousands if you're not in a flyover state. So you wind up making say a third of a million or half a million when you get "divorce raped" and have to sell the house.

Lucky you, you get half of that. So instead of making $0 renting, you made hundreds of thousands in a bad marriage. And hopefully you got laid.

if you get "stuck" with the house in the divorce you came out even better off, because now you're a single man that can't get a mortgage on his own income, but you own a house.

I talked to my mom, she said we still have like 100k in mortgage left.. I don't think my dad will be able to pay it off. Fuck, I'm so stressed now. Checked some mortgage calc and most I can afford is some 380k shack in the middle of nowhere.

I'm looking for a new job, but doubt I can get anything above 150k in Canada as a junior.
Maybe will move to the states and make bank (x2 what I get here), then come back and retire parents and get a place.
>>55029617
I wanted to give my girl the option to not work, but that's looking difficult now.. This maybe the way to go.
>>55029620
yea.. maybe. Maybe I'll just forgo marriage and just live at home keep saving. Wanted to start a family young, but maybe its not meant to be..
>>55029672
I will pray to God I find a solution. Have a leg day tomorrow, going to go extra hard, take my mind of this shit. Hopefully don't get snapped up.

I think the only way forward is to either 1) head to the states, come back after making bank. or 2) just getting a new job here, and saving up for 5-6 years till I can get an affordable mortgage on a decent place.

>>55029779
>I wanted to give my girl the option to not work, but that's looking difficult now..
that's getting difficult anymore.

My wife hasn't worked in 20 years, but I'm a millionaire in the US. And if I had to buy a house right now, I probably couldn't get a loan. I don't have enough income by myself to do it anymore. They just cost way too much.

>>55029775
>pay 50% for the house
>that’s if you lucky
>pay another 50% for the house if you get to keep it
>otherwise be kicked out of it while still having to pay remaining mortgage
if you think the courts will go easy on you you’re naive. And that’s if the divorce isn’t particularly messy

>>55028118
Canada is such a shithole country, literally to get 200k in take home pay, you need to be making 360k... So, to afford a million dollar house, with a 800k mortgage (200k down), 5k per month, you need to make 360k a year.

And get this, 360k is in the top 1% of earners, BUT, the average home price in Toronto and surrounding cities is 1m. So... WHO is buying?
Such a scammy, corrupt fucking system.

>>55029820
In the US you'll pretty much never wind up paying someone else's mortgage unless you're a rock star or a billionaire. And if you pay most of the mortgage you'll be awarded the house in court because she can't afford to keep it.

if you have to sell it you still came out ahead vs. renting. Not sure what part of that you don't understand. I've been divorced twice, I came out of both of them with more than I went in with. Most men do. The money isn't the problem in a divorce. Having kids is where it gets crazy.

>>55029820
>if you think the courts will go easy on you you’re naive.
the courts don't do anything in US divorces anymore.

they order you to hire a mediator and hash out a deal, then they rubber stamp it. It's just a negotiation for an even split of assets and debts.

>>55029871
>most men come out of divorce with more than they went with in
doubt, but it seems the divorce law is not that bad if you still get a half of it and yeah I get your point about appreciation.

>>55029926
child support and custody is where men actually get screwed, but even that depends. I fought for custody of my kid and got half, with $150 month child support which was no big deal. A lot of guys get zero custody and huge child support. But having kids is a choice and people that care about money usually choose to have few or none.

>>55028118
>millionaire here
>time to kill myself
>haha I'm so depressed
Woah I'm demoralized

>>55029980
He's sorta right. I live in Colorado. Houses in my town start at $650k or so. A quick internet search indicates you need a household income of 1/4 million a year to get that mortgage. The average wage in my town is $35k. So you'd need almost 20 people to go in together to buy a house here.

it's not a reason to kys yourself, but there's a lot of places where you just can't afford to buy a house anymore, even if you're moderately rich.

>>55028118
>Canada

Another dumbass Zoomer who thinks he's entitled to a home in Hongcouver or GTA.

>>55032127
I would preferably get something in the middle of nowhere, not in Ontario. But my girl and parents want to stay here in the local area. But that is literally impossible, it's hard to even find a condo for 350k.

>>55028118

>million dollar house
your requirements are out of the ordinary. Exceptional, even, if you need to accommodate up to 7 people on a regular basis.

You'd be better off moving out on your own and taking care of yourself rather than alla that shite

>>55034172
It's not 7, just 4. But yea, I'm finding out it's unreasonable. Even if I do somehow save 200k for the down, there's no way I'll be able to get a 360k income to support the mortgage... Not possible. Maybe will through all my money in a mutual fund and just save up, no point in getting a house or even condo in this market.

>>55028118
Lol, op. I am 35 and been living in my parents' house in Toronto for the last 2 years. At one point I worked a low six-figure job - 150kish but the vaccine mandates put a end to that.

I am getting married this year and my fiance and the rest of the clueless in Canada are finally waking up to the fact that real estate is a runaway asset that is going to fuck them over - it's like somehow the violation of bodily autonomy never bothered them, but now they can't afford to buy their detached bungalow in the burbs, they are all up in arms.

Anyways, normie psychology aside, the houses in my parent's neighborhood in Toronto recently are going for 1.2 million.

I still don't think housing prices will go much higher - unlike most people I don't think interest rates will come back down for some time so people rushing into the market right now are the last pigs to be slaughtered.

My plan right now is to get a job in the U.S. and if its good enough I will convince her to leave with me, at least for a while because I really do not want to contribute to this system and pay taxes to it.

>>55034293

I'd try out life in a different place in canada before I signed up for the danger of raising kids in the school shooting capital of the world
best of luck regardless

>>55029620
>>55029672
>>55029711
>>55029980
based
everyone else ITT can and should an hero
preferably live while crying

>>55029775
dont listen to this retard. fucking boomers are so out of touch. dave ramsey must be a genius to you huh? just shut the fuck up and stay humble boom boom. thats the best you can do till we sweep your gravestone.

>>55034293
I've considered this, how will you take your fiance with you to the states? Won't she need her own job there to get a visa? Or if she visits, she can only be there for 6 month periods, and stay out for another 6 months before returning.

The taxes are an actual joke here man, 200k income means 120k take home, lol. What's even the point of trying to raise income if you actual take home hardly increases. An increase of 100k income means an increase of 40k take home. I didn't think it was this bad, trying to figure out a way to get of this shit hole.

>>55028118
Sorry you had to find out about life's shittiest of shittiest things but that's just it. Now get up, pull up your big boy pants and start investing in frogcoins like the adults do, i heard peepo is making all the noise around these days
you want to make it don't you

>>55028244
>OP says he takes care of his family and lives together
>chud who has no concept of this in a positive sense automatically assumes he is indian and his racism comes out
no wonder you fucking losers are getting replaced

>>55028177
You don't have a wife and you're likely single. Assuming you'll find a viable woman to marry when you're depression posting on a Mongolian cattle listerv is delusional.

>>55034455
you're the reason im not posting alpha here

>>55034476
You're a shitskin, you have no "alpha" besides the best street to take a dump.

>>55034488
>You're a shitskin, you have no "alpha" besides the best street to take a dump.

>>55034431
I lost 7k 3 years ago from crypto and stocks, never touching that shit again. Will stick to boomer funds.

I make a little over 100k, and my wife makes about 50k. We tried to buy a house for 5 months and failed miserably. Her parents are doctors, and she's kind of a low iq brat, but she is good-looking and 10 years younger than me. We bid a bunch of places 20k over asking, but they are all going way over what the bank will finance. People are loaded with equity selling shit condos they bought 10 years ago for 80k for 300k. Anyways my wife acts like we're poor now and is starting to resent me. When she was a kid, she wasn't allowed to hang out with kids who lived in apartments. I grew up in an 80% black ghetto with a NEET mom. She puts on a big act like we're missing meals or something because im putting money into savings. She pays no bills outside of a token $500 she gives me a month that doesn't cover her car payment and insurance. She has no idea about our budget and finances. Also, she is pregnant. Im pretty sure she's going to jump ship as soon as she can and get my child support because she needs to own a house with a big yard. I have 800 credit score, good job, some savings, im supposed to be able to buy a modest single family home in America, right?

>>55034584
That's so fucked bro, alot of younger women are delusional on the realities of what men make and the market.
She thinks she can do better, but +95% men are worse off than you. Maybe try to show her the grass isn't greener, and what it looks like for most people..

I was similar to her actually a couple years ago, my dad made it look like we were doing well for my entire life, but couple years ago at 22 I found out our situation was dire.. elderly parents with diseases about to retire, a mountain of mortgage debt left, and just me to figure something out. Grew up quickly after that..

Really tough situation man, good luck.

>>55034584
What a fucking cunt. Do something about it before it's too late.

>>55034365
I haven't worked a real job since I left my old job. Last year a couple friends and myself started a IT consulting business as a hobby job. I had a total income of about 18k - and the government gave me money back. Now I understand why NEETS exist, the incentives are all preserve in this system.

For the right job I can go to the US on a TN work permit and she as my spouse could just come along. I have done this before, having worked in NYC during the Trump era and she currently works for a big public consulting company.

Shes very sentimental about her parents so that's probably the hard part (assuming I can get a decent job, tough market right now).

>>55034826
Oh, I didn't know you could bring your spouse along on a tn visa, thanks man that's very interesting.
Opens options for the future.

Yea, parents are a tough one. Good luck man.