Nearly half of adults under 30 live with their parents (Page 7 of 9)
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Originally Posted By RolandofGilead: True story. I bought a 2200 sqft house on half an acre in San Diego county for 400k in 2012. Today it's worth 1.2 million. I make significantly more now, and while I may be able to afford it, it would stretch me thin...badly. This is one example showing the larger trend, and it's a problem. Its not happening everywhere at the same rate, but often, where the jobs are, that's where it is happening. Various places here in North Carolina are blowing up the same way, all be it, somewhat behind on the timeline. |
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Originally Posted By RolandofGilead: I didn't say everyone, I said almost everyone. Again, please refer to the graph showing income and housing costs, or do you deny that math because you don't like it? I provided the data. 1/3 of everyone for the last half century have not lived in their own home. It's data. It's a fact. You not liking it doesn't negate the fact. 1/3 of everyone is NOT "almost everyone." |
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Originally Posted By StevenH: Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. |
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Originally Posted By StevenH: Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it’s the VA loan help? Maybe it’s the discipline that comes with service? Maybe it’s white privilege or patriarchy. I’m shopping for another house right now. Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it’s the VA loan help? Maybe it’s the discipline that comes with service? Maybe it’s white privilege or patriarchy. I’m shopping for another house right now. Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. |
When the going gets tough, the tough go cyclic.
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Originally Posted By SubversiveSammich: Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. |
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Originally Posted By 0311SKI: Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Some people DO have it harder. They have crappy parents. They go to crappy public schools. They are influenced by "influencers" on their phones because they have a phone addiction. Or, they have crappy friends who get them addicted to drugs or whatever. There's no denying this. But, as a society, what are we obligated to actually do about it? Confiscate phones? Remove kids from bad parents? |
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Originally Posted By Lou_Daks: Some people DO have it harder. They have crappy parents. They go to crappy public schools. They are influenced by "influencers" on their phones because they have a phone addiction. Or, they have crappy friends who get them addicted to drugs or whatever. There's no denying this. But, as a society, what are we obligated to actually do about it? Confiscate phones? Remove kids from bad parents? Originally Posted By Lou_Daks: Originally Posted By 0311SKI: Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Some people DO have it harder. They have crappy parents. They go to crappy public schools. They are influenced by "influencers" on their phones because they have a phone addiction. Or, they have crappy friends who get them addicted to drugs or whatever. There's no denying this. But, as a society, what are we obligated to actually do about it? Confiscate phones? Remove kids from bad parents? We could start with acknowledging theres a problem. Phones and crappy public schools didnt double cost of living the last 20 years. |
When the going gets tough, the tough go cyclic.
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Originally Posted By StevenH: Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it's the VA loan help? Maybe it's the discipline that comes with service? Maybe it's white privilege or patriarchy. I'm shopping for another house right now. Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it's the VA loan help? Maybe it's the discipline that comes with service? Maybe it's white privilege or patriarchy. I'm shopping for another house right now. You just said it. We're outliers. Statistics show what I described above. VA...luck...help from family a couple times... doesn't really matter, the fact remains housing is up and income isn't. |
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The housing market is fucked. The "I got mine, what's wrong with you" boomers have no clue. Now try it today as a single person. Oh, get roommates? Why live with strangers to afford a place, when one can live with their parents and pay rent to them? Keep the money in the family and provide support to one another. This is common across the world....but taboo here for some reason. Renting just puts your money into a corporation, or into another boomers pocket to pass onto his kids. That is money that cannot be saved up to buy your own house. Add in the extremely high cost of food, utilities, insurance, vehicles, taxes, goods, gas, healthcare, etc. And the items needed today that you didn't in the past...cell phone & data plan, computer/tablet, internet connection... I have several friends and acquaintances that lived at home for a long time. One was in his late 30's when he saved up enough to buy a house. Another is in his early 40's and still lives with his dad (mom divorced a long time ago, and he and his dad are big drag racers...so all their money goes into cars & engines. His dad is in bad health too, so I'm sure that plays a part now). Another friend of mine was a brick-layer with his dad growing up. He and his dad built his own house. Of course, his dad footed the bill for the materials, his dad gave him the land, and his grandmother wrote all the grandkids a $20k check on their 18th birthday, and gave them cars when they turned 16. Another was engaged with a kid and still living at home (16/17y/o). They moved out in their early 20's....but bought a house from the family on 2.5 acres for $48k only 15 minutes from the city. But GD tells me that they would have been better off if their parents gave them a boot out the door at 18 with nothing but the clothes on their back. It's the American way! |
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Originally Posted By Lou_Daks: I provided the data. 1/3 of everyone for the last half century have not lived in their own home. It's data. It's a fact. You not liking it doesn't negate the fact. 1/3 of everyone is NOT "almost everyone." Originally Posted By Lou_Daks: Originally Posted By RolandofGilead: I didn't say everyone, I said almost everyone. Again, please refer to the graph showing income and housing costs, or do you deny that math because you don't like it? I provided the data. 1/3 of everyone for the last half century have not lived in their own home. It's data. It's a fact. You not liking it doesn't negate the fact. 1/3 of everyone is NOT "almost everyone." |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By HRoark87: I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. Originally Posted By HRoark87: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. VA loan. Nothing down and no closing costs |
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Originally Posted By 0311SKI: We could start with acknowledging theres a problem. Phones and crappy public schools didnt double cost of living the last 20 years. Originally Posted By 0311SKI: Originally Posted By Lou_Daks: Originally Posted By 0311SKI: Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Some people DO have it harder. They have crappy parents. They go to crappy public schools. They are influenced by "influencers" on their phones because they have a phone addiction. Or, they have crappy friends who get them addicted to drugs or whatever. There's no denying this. But, as a society, what are we obligated to actually do about it? Confiscate phones? Remove kids from bad parents? We could start with acknowledging theres a problem. Phones and crappy public schools didnt double cost of living the last 20 years. That will never happen. They will never acknowledge it. Not to worry, the bond market is currently acknowledging it. After today's moves, what's an average 30-year mortgage, 7.3%? There's a breaking point, and we're approaching it. Those "kids" living at home might end up looking pretty smart. |
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Originally Posted By 0311SKI: Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Originally Posted By 0311SKI: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it’s the VA loan help? Maybe it’s the discipline that comes with service? Maybe it’s white privilege or patriarchy. I’m shopping for another house right now. Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Your dad is old enough to be my dad. I bought my first house in 1999. I bought in 2023 and I’m buying again in 2027. |
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Originally Posted By StevenH: VA loan. Nothing down and no closing costs Originally Posted By StevenH: Originally Posted By HRoark87: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. VA loan. Nothing down and no closing costs And no PMI if you have a rating. Hard to compare our situation to genpop. |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By Lou_Daks: Some people DO have it harder. They have crappy parents. They go to crappy public schools. They are influenced by "influencers" on their phones because they have a phone addiction. Or, they have crappy friends who get them addicted to drugs or whatever. There's no denying this. But, as a society, what are we obligated to actually do about it? Confiscate phones? Remove kids from bad parents? Originally Posted By Lou_Daks: Originally Posted By 0311SKI: Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Some people DO have it harder. They have crappy parents. They go to crappy public schools. They are influenced by "influencers" on their phones because they have a phone addiction. Or, they have crappy friends who get them addicted to drugs or whatever. There's no denying this. But, as a society, what are we obligated to actually do about it? Confiscate phones? Remove kids from bad parents? A monthly cellphone bill invested every month starting at 18-years old is real money when you turn 50. |
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Originally Posted By StevenH: VA loan. Nothing down and no closing costs Originally Posted By StevenH: Originally Posted By HRoark87: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man’s salary. I’m rich now because I lived a frugal lifestyle and the magic compounding returns. I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. VA loan. Nothing down and no closing costs Well, even more props then. I wish I'd have done that. I'd have way more money now 
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Originally Posted By RolandofGilead: And no PMI if you have a rating. Hard to compare our situation to genpop. Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By HRoark87: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. VA loan. Nothing down and no closing costs And no PMI if you have a rating. Hard to compare our situation to genpop. the recruiting office is open to everyone. Yes I’m saying 16-year olds should exercise financial planning. |
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Originally Posted By SubversiveSammich: Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. Voting age is 18. So, in "a decade or so" you will be voting? You are 8 years old? Isn't there an age limit for internet gun sites? I have to check a damn box to confirm I am 18 just to access some if not all of the web sites listed at the top of this page! |
They don't want to kill you because you're an actual Nazi. They call you a Nazi because they want to kill you. - ceetee
“The most terrifying force of death comes from the hands of men who wanted to be left alone.” - Alexandr Solzhenitsyn
“The most terrifying force of death comes from the hands of men who wanted to be left alone.” - Alexandr Solzhenitsyn
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Originally Posted By -Obsessed-: So,get an apartment? Or a mobile home. Are you too good for a mobile home? I wasn't. Its what I could afford. Granted I didn't have a childhood home I could live in. Lived there for 5 years before we made enough to start looking at homes, with two incomes. That was fifteen years ago. Wife stays home, we have a nice home we had built. We also had a domestic relocation in there as well so third home, each bigger and better than the last. Not hard. People just don't want to sacrifice and work your way up, from what I can see. Cheap 70 year old single-wides on single lots in the high-crime trailer park here start at just over 200k (I live in one of the poorer parts of my state, so its not like there are million dollar vacation homes all over the place by me). Very, very few are for rent, most are for sale only. You want to save a little money on a mobile home you move to the REALLY bad one in the nearby city, and those are in the 150s or surrounded by literal crack shacks. We are a WORLD apart from where we were fifteen years ago, my friend. That world that you lived in is dead and gone, and it isn't coming back. |
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They don't want to kill you because you're an actual Nazi. They call you a Nazi because they want to kill you. - ceetee
“The most terrifying force of death comes from the hands of men who wanted to be left alone.” - Alexandr Solzhenitsyn
“The most terrifying force of death comes from the hands of men who wanted to be left alone.” - Alexandr Solzhenitsyn
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Originally Posted By StevenH: Your dad is old enough to be my dad. I bought my first house in 1999. I bought in 2023 and I’m buying again in 2027. Originally Posted By StevenH: Originally Posted By 0311SKI: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I read it unfortunately. Your individual circumstances really have nothing to do with the larger issue which I pointed out. It's what's called "anecdotal". The inarguable fact is that housing has gone up, and salaries are severely lagging behind. Period. I've owned two houses in one of the most expensive areas in the country, another in a middle of the road place, and another in a low cost of living area. I'd be a retard to think my experience is universal when the cold hard facts show otherwise. Why is it that you and I have had such outlier experiences from the norm. We are both white male veterans. Maybe it’s the VA loan help? Maybe it’s the discipline that comes with service? Maybe it’s white privilege or patriarchy. I’m shopping for another house right now. Or everyone has a different situation. My dads probably about the same age as you. Got a house at 27 in 1984. New construction, 1600 sq ft, great neighborhood. Did he work harder than you? More frugal? Probably not, and it sure wouldn't be proper to use his story to degrade yours. Everyones in such a rush to shit on anyone who doesn't accomplish what they do, or acknowledge that yes, some people have it harder, and its not a horrible thing to admit it. Your dad is old enough to be my dad. I bought my first house in 1999. I bought in 2023 and I’m buying again in 2027. Huh, you two could be twins Although even though he was frugal as hell, we still had cable (eventually) |
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Originally Posted By MisterDiogenes: Cheap 70 year old single-wides on single lots in the high-crime trailer park here start at just over 200k (I live in one of the poorer parts of my state, so its not like there are million dollar vacation homes all over the place by me). Very, very few are for rent, most are for sale only. You want to save a little money on a mobile home you move to the REALLY bad one in the nearby city, and those are in the 150s or surrounded by literal crack shacks. We are a WORLD apart from where we were fifteen years ago, my friend. That world that you lived in is dead and gone, and it isn't coming back. Originally Posted By MisterDiogenes: Originally Posted By -Obsessed-: So,get an apartment? Or a mobile home. Are you too good for a mobile home? I wasn't. Its what I could afford. Granted I didn't have a childhood home I could live in. Lived there for 5 years before we made enough to start looking at homes, with two incomes. That was fifteen years ago. Wife stays home, we have a nice home we had built. We also had a domestic relocation in there as well so third home, each bigger and better than the last. Not hard. People just don't want to sacrifice and work your way up, from what I can see. Cheap 70 year old single-wides on single lots in the high-crime trailer park here start at just over 200k (I live in one of the poorer parts of my state, so its not like there are million dollar vacation homes all over the place by me). Very, very few are for rent, most are for sale only. You want to save a little money on a mobile home you move to the REALLY bad one in the nearby city, and those are in the 150s or surrounded by literal crack shacks. We are a WORLD apart from where we were fifteen years ago, my friend. That world that you lived in is dead and gone, and it isn't coming back. Anything mortgageable and inhabitable all got bid up to nearly that in my area. It's actually a lot cheaper to buy a brand new (lowest entry) prefab and drop it on a vacant property than to buy even a burnt out trailer because the latter were easier to finance. The newest prefabs didn't get snapped up by people in 2020 at ~negative real mortgage rates. I have seen a lot of houses sit on the market because no one is willing to pay the market rate and instead they are just dropping prefabs on vacant land for far cheaper. |
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Originally Posted By StevenH: the recruiting office is open to everyone. Yes I'm saying 16-year olds should exercise financial planning. Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By HRoark87: Originally Posted By StevenH: Originally Posted By RolandofGilead: Originally Posted By StevenH: Originally Posted By Praimfiya: The majority of arfcom are older and were able to take advantage of good economic times and cheap products, utilities and living conditions. We took advantage of a more frugal lifestyle. Over the air TV for the one TV. No cellphone. Dining out meant Olive Garden and it was a special treat. a fixer upper two bedroom home was still four times my salary after ten years of full time work experience. I don't understand why you guys pretend this isn't the case. There's really no debating it, which is why you guys always want to steer the conversation to how frugal you were instead of the widening happy between pay and housing costs. Read it again. After working full time for ten years, countless raises, my first home cost four times my salary. Is your position that now, someone with 10-years of experience in the same professional industry cannot afford a 40-year old two bedroom home? I never had a rich man's salary. I'm rich now because I lived a frugal lifestyle and the magic compounding returns. I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. VA loan. Nothing down and no closing costs And no PMI if you have a rating. Hard to compare our situation to genpop. the recruiting office is open to everyone. Yes I'm saying 16-year olds should exercise financial planning. Well...open sure, but most aren't eligible. The military also isn't for everyone. It also doesn't really address the root issue, which is soaring costs and stagnant wages. It's just a way to deal with those things for a select few that are eligible. |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By JaredC1: Parents today are enablers. Many here in this thread. No one is raising their kids with the goal of leaving the nest at 18. |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By JaredC1: Parents today are enablers. Many here in this thread. No one is raising their kids with the goal of leaving the nest at 18. In a perfect world daughters would live at home until they married a homeowner |
Life member of CRPA. FPC contributor.
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Originally Posted By PeoplesRepublicOfIL: There will be fallout from this that can’t be seen today. This ties into my belief that when the time comes for social security to be means tested, this generation will willingly outvote you and not care at all you were cheated out of your social security. They have no stake in the current system and historically this has led to bad things. Shit, in 10 years there may be a kicker in SS payments if you still have Adult kids at home who aren’t working… |
Never make another person a priority when they merely see you as an option...
"Some People Are Like Slinkies. They're Not Really Good For Anything, But They Bring a Smile To Your Face When Pushed Down The Stairs."
"Some People Are Like Slinkies. They're Not Really Good For Anything, But They Bring a Smile To Your Face When Pushed Down The Stairs."
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Originally Posted By PeoplesRepublicOfIL: There will be fallout from this that can’t be seen today. This ties into my belief that when the time comes for social security to be means tested, this generation will willingly outvote you and not care at all you were cheated out of your social security. They have no stake in the current system and historically this has led to bad things. Shit, in 10 years there may be a kicker in SS payments if you still have Adult kids at home who aren’t working… |
Never make another person a priority when they merely see you as an option...
"Some People Are Like Slinkies. They're Not Really Good For Anything, But They Bring a Smile To Your Face When Pushed Down The Stairs."
"Some People Are Like Slinkies. They're Not Really Good For Anything, But They Bring a Smile To Your Face When Pushed Down The Stairs."
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Originally Posted By RolandofGilead: GD has the weirdest blinders on to the fact that the housing market is complete trash, and has been for some time, with no indication that it's going to let up. Got my crib super cheap right at the end of the recession with a 2.78% interest rate. Paid that off after two no-cash-out refi’s, and I can’t tell you how relieved I am that I will never, ever have to look for a new place to call my home. I’m retiring to my off grid cabin and will sell this place for whatever the market will bear come retirement and the whole system can kiss my ass as I crawl in my hole and pull the lid over my head. I had it hard starting out in life, but in financial terms young people are wayyy worse off than me. You can still get by as a young person if you apply yourself and are careful with what you spend but getting a house young is a joke now. I meet a lot of young men that are living either at their parent’s house or their GF’s parent’s house so they can save up enough for a house before they get married. It’s nuts. |
Never make another person a priority when they merely see you as an option...
"Some People Are Like Slinkies. They're Not Really Good For Anything, But They Bring a Smile To Your Face When Pushed Down The Stairs."
"Some People Are Like Slinkies. They're Not Really Good For Anything, But They Bring a Smile To Your Face When Pushed Down The Stairs."
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Originally Posted By RolandofGilead: Correct, I have much more important goals for my children. Leaving the next at 18 isn't one of them, though it is an option. Originally Posted By RolandofGilead: Originally Posted By JaredC1: Parents today are enablers. Many here in this thread. No one is raising their kids with the goal of leaving the nest at 18. I’m sorry that you aren’t teaching your kids the skills to live on their own. That sucks |
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Originally Posted By TheOtherDave: Got my crib super cheap right at the end of the recession with a 2.78% interest rate. Paid that off after two no-cash-out refi's, and I can't tell you how relieved I am that I will never, ever have to look for a new place to call my home. I'm retiring to my off grid cabin and will sell this place for whatever the market will bear come retirement and the whole system can kiss my ass as I crawl in my hole and pull the lid over my head. I had it hard starting out in life, but in financial terms young people are wayyy worse off than me. You can still get by as a young person if you apply yourself and are careful with what you spend but getting a house young is a joke now. I meet a lot of young men that are living either at their parent's house or their GF's parent's house so they can save up enough for a house before they get married. It's nuts. It's tough out there. |
Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By StevenH: In a perfect world daughters would live at home until they married a homeowner Originally Posted By StevenH: Originally Posted By JaredC1: Parents today are enablers. Many here in this thread. No one is raising their kids with the goal of leaving the nest at 18. In a perfect world daughters would live at home until they married a homeowner My ex wife did. Of all the great decisions I made as a teen and early 20s, getting married at 20 wasn’t my best |
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Originally Posted By JaredC1: I'm sorry that you aren't teaching your kids the skills to live on their own. That sucks Originally Posted By JaredC1: Originally Posted By RolandofGilead: Originally Posted By JaredC1: Parents today are enablers. Many here in this thread. No one is raising their kids with the goal of leaving the nest at 18. I'm sorry that you aren't teaching your kids the skills to live on their own. That sucks 2 are out. One is an instructor pilot, the other owns a property management company. Them leaving wasn't my goal though. Being prepared, well adjusted, hard working and reliable people was my goal for them. None of that requires they leave at 18. I'm sorry you've embarrassed yourself. Maybe next time you shouldn't jump to stupid conclusions. |
Your boos mean nothing, I've seen what makes you cheer
| Given rent rates and that my daughter works here in the DFW area, it makes zero sense for her bedroom to sit empty when she can use what would be pissed in the wind as 'rent' be used to pay off her student loans. |
Call the tune and let's dance; but beware that the devil is the piper and the tab for that soiree will be hell to pay.
Training&Trigger Time are more important than chasing a hardware Holy Grail
Training&Trigger Time are more important than chasing a hardware Holy Grail
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Originally Posted By 0311SKI: We could start with acknowledging theres a problem. Phones and crappy public schools didnt double cost of living the last 20 years. OK. Let's stipulate there's a "problem." You must define the problem, the cause, and a specific solution to address the problem. You seem to have some ideas, share them. Not acceptable: "It's unaffordable. It must be made affordable." Acceptable: "It's unaffordable and I want to raise your taxes until it is affordable for me." |
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Originally Posted By RolandofGilead: I'm not interested in arguing with you about how many people should own homes when you deny basic statistics concerning income and housing costs. I gave you specific data that proves that regardless of interest rates and home prices, the % of home ownership is remarkably stable during the last half century: 63-69%, currently at 65%. Somebody is buying those homes in the last 50 years. |
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Originally Posted By SubversiveSammich: Hi, millennial in his mid 30s here. Just wanted to say that in a decade or so I will be voting to strip you old bootstrap boomers of your social security, minimum it will be means tested. Maximum its abolished. Hope to do that before my kids start working. Sorry. Modern society drains the youth in all modern countries of their vitality for the sake of the comfort of the old. Gotta prioritize. This generational vampirism is going to end, might as well be peacefully. Most likely the federal courts would rule against abolishing it for people already receiving it. And may also rule against means testing if it ever occurs for those receiving SS already Courts have been pretty consistent over the years in upholding government obligations whether it be pensions etc to those already receiving it. I don’t see this changing They usually state you can start doing it for people who are not receiving it yet and even then they usually place limitations on those already under the system. |
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Originally Posted By StevenH: A monthly cellphone bill invested every month starting at 18-years old is real money when you turn 50. True fact: I got my first "smart" phone in about 2018. It was about the cheapest android phone available, and I had the lowest data plan I could get. I didn't die. |
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Originally Posted By Rope-A-Dope: It's all well and good until the meathead finally moves out and your grandson murders him. https://www.denofgeek.com/wp-content/uploads/2021/01/All-in-the-Family-50th-Anniversary.jpg?resize=768%2C432 Oooof. |
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Originally Posted By Lou_Daks: OK. Let's stipulate there's a "problem." You must define the problem, the cause, and a specific solution to address the problem. You seem to have some ideas, share them. Not acceptable: "It's unaffordable. It must be made affordable." Acceptable: "It's unaffordable and I want to raise your taxes until it is affordable for me." Originally Posted By Lou_Daks: Originally Posted By 0311SKI: We could start with acknowledging theres a problem. Phones and crappy public schools didnt double cost of living the last 20 years. OK. Let's stipulate there's a "problem." You must define the problem, the cause, and a specific solution to address the problem. You seem to have some ideas, share them. Not acceptable: "It's unaffordable. It must be made affordable." Acceptable: "It's unaffordable and I want to raise your taxes until it is affordable for me." The problem: shits expensive. Solutions from someone with minutes of experience on the subject matter. - immigration enforcement (already in progress, but continuing) -PE out of all home sales -must be a US citizen to purchase homes These two items free up roughly 5% of the housing market. Lastly all corporate and business tax breaks are tied to either hiring of US workers, or raising US workers salaries. I dont care about the stockholders, if increased profits dont directly benefit the workers, im not gonna raise your taxes, but your paying full freight on what you owe. Eta, oh yeah, and section 8 is gone. Lots of landlords and renters have no problem with government subsidies when it benefits them. Getting taxpayer dollars out of the market should make it represent true market value. |
When the going gets tough, the tough go cyclic.
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Originally Posted By RolandofGilead: All 4 joined the military and left at 18-19...so...you're barking up the wrong tree dude. 2 are out. One is an instructor pilot, the other owns a property management company. Them leaving wasn't my goal though. Being prepared, well adjusted, hard working and reliable people was my goal for them. None of that requires they leave at 18. I'm sorry you've embarrassed yourself. Maybe next time you shouldn't jump to stupid conclusions. Originally Posted By RolandofGilead: Originally Posted By JaredC1: Originally Posted By RolandofGilead: Originally Posted By JaredC1: Parents today are enablers. Many here in this thread. No one is raising their kids with the goal of leaving the nest at 18. I'm sorry that you aren't teaching your kids the skills to live on their own. That sucks 2 are out. One is an instructor pilot, the other owns a property management company. Them leaving wasn't my goal though. Being prepared, well adjusted, hard working and reliable people was my goal for them. None of that requires they leave at 18. I'm sorry you've embarrassed yourself. Maybe next time you shouldn't jump to stupid conclusions. Lol. You did all the things needed for them to be prepared to leave. Most parents don’t. You’re being purposely pedantic. |
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Originally Posted By scrambler28: Yup. Dot Indians, Muslims and gubmint for housing illegals. The dot indians live three generations to a home. I should know. I sold a 950 sq. ft. rental property to them - for cash - and they tore it down and built a McMansion on the 50x100 lot. It's part of their culture to live 3+ gens in a home. No hate from me. |
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Originally Posted By HRoark87: I give you credit for having the balls to go 4x on your first house. That would scare the shit out of me. Of course, you probably had a nice down payment after 10-years, but still. Hmm, 4x felt completely normal in CO in the 2010s. And come to think of it with current numbers, 4-6x seems completely normal |
I wouldn't stand in front of a piss-filled supersoaker. Does that make it a good pistol? - Caboose314
I thought I was covered for 22 cans, but the NFAids is a bitch when it mutates - themagikbullet
I thought I was covered for 22 cans, but the NFAids is a bitch when it mutates - themagikbullet
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Nearly half of adults under 30 live with their parents (Page 7 of 9)
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