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/biz/ - Business & Finance

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53853243 No.53853243 [Reply] [Original]

is it true that young people don't see the point in saving for a house since it's becoming more difficult everyday so they're overspending to live their lives before everything goes to shit?

>> No.53853299

>>53853243
probably. it has occurred to me before, and most zoomers i know seem to be just going on with their lives despite everything. accelerating towards the end lol

>> No.53853314

>>53853243
you know how in downtrends people get psyopped into selling the bottom?

>> No.53853313

>>53853243
I typed out a long post and deleted it now because I regret it. Forgive me.

>> No.53853354

>>53853243
>>53853299
>>53853313
>>53853314
few months/years from now economy crashes and houses will be 50% or even 75% off though

>> No.53853375
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53853375

>>53853243
I mean I am. I have like 5k in retirement. Considering getting penalized on it and cashing it out. No point in any of this and they're just going to switch us to a global currency that they control anyways. What am I gonna sit here collecting green paper that they debase constantly? Yeah right

>> No.53853376

>>53853354
doesnt matter if they are 75% off, the monthly payment is already 4x as high becaue interest rates quadrupled. The market is just gonna cool down, nobody is going to be selling or buying except the most desperate niggas out there

>> No.53855001

>>53853243
It's true, in many areas you already have to be a literal millionaire to own your home before you die, which is incompatible with working wages and doesn't even consider the consequences of external pressures like inflation or scalping from rich foreigners/hedgies.
>>53853354
>just two more years bro!
In two years a 2 bedroom house will have a fair market price of $1,000,000 if you don't live in a backwater shithole in a goyshed.

>> No.53855013

Yep, I said fuck it yolo and went back to school for medicine with my downpayment because all I could afford was a cuck shed

>> No.53855836

>>53853243
It just doesn’t make sense to me to forgo everyday luxuries to save “money”. Gov gives it out to free to leeches. Inflation eats away at your savings 5% a year. Food is just as expensive out as it is to make your own now. Gas is super expensive. No one can afford to live on their own let alone start a family. Why bother working to pay 90% of your salary in rent? Just ridiculous now and we all know who’s behind it

>> No.53855863

Build more houses.

>> No.53855869

>>53855863
This too but housing has become the only way for idiot boomers to make money so they commodified it.

>> No.53855882

>>53853243
The relentless, overwhelming faggotry that has taken place in the past three years with respect to shit like COVID, Black Lives Matter, election theft, and Ukraine, show that there is zero point in making long-term plans or investing oneself in this shitty joke of a society. What is the point? Everything is so mind-bogglingly gay and retarded. Anyone who isn't completely brainwashed wakes up and does whatever he needs to do to live another day. Nobody seriously thinks that there is anything good in store for the next 30 years, which is how long it takes to pay off a house by pursuing a long-term career.

>> No.53855886

>>53853376
There will be a lot more desperate niggas selling than buying.

>> No.53855931

House is a liability, can't move unless you sell, doesn't produce income, costs money to maintain. Much better alternatives to put your money into

>> No.53855941

>>53855931
which of those alternatives can you live inside of for decades retard

>> No.53855954
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53855954

>>53853243
hey dummy
point to me the time in history where young, single, and childless people were chomping at the bit to anchor themselves to a plot of land with a house on it

if they breed they will buy
that simple

>> No.53855961

>>53855941
You can live somewhere without buying it. Did you buy your mom's basement?

Fucking smooth brain retard

>> No.53855988

>>53855961
>rent a house for 30 years
>congrats you just paid 400k to not own anything

>> No.53856025

>>53855988
If you're single just rent a 1 bedroom apartment or live in a trailer park.

It doesn't make sense financially to waste so much money when you can be making investments which pay you

>> No.53856038

>>53855988
>>rent a house for 30 years
Divide the "cost" of a house by 1560.
This should be the real cost of ownership. The way it is they own you if you sign a mortgage.

>> No.53856048

>>53856025
>>53855988
Also the money you spent on your house over 30 years would actually be worth more over time if you invested in things which compound more than a house.

Okay?

>> No.53856064

>>53853376
>doesnt matter if they are 75% off, the monthly payment is already 4x as high becaue interest rates quadrupled
good thing i can buy in cash then

>> No.53856076

>>53855988
>get mortgage for 30 years
>pay property tax for 30 years
>congrats you just paid 400k tax + $300k extra cash just to own something

>> No.53856090

>>53856025
after just one year my shitty 600 sq ft 1 BR apartment rents for the same as the PITI on my 2000 sq ft house

this analysis only works if rent hikes match inflation and inflation is constant, as we have all just seen that is NOT the case

>> No.53856102

statistically the computer is the most valuable investment someone can make