Nearly half of adults under 30 live with their parents (Page 9 of 9)
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Originally Posted By HRoark87: 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 Torf: It's probably location. I have never been lucky enough (or unlucky enough) to live in an area that has explosive real estate prices. I've never lived in San Diego, for example. I've only ever been there for business and vacation. It's probably the boring places that tend to be more affordable. The cool exciting places are priced out of the market for many. Originally Posted By Torf: 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. It's probably the boring places that tend to be more affordable. The cool exciting places are priced out of the market for many. Trust me, there is nothing exciting about the Lehigh Valley area of PA where I am. But it’s within “driving distance” of NYC and Philly, and after 9/11 and especially covid, this area has exploded. It’s insane how bad the traffic and home prices have become. 30 years ago this place was nowhereville and nobody cared that it was 85 miles from Manhattan. Might as well have been Mars. |
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Originally Posted By Lou_Daks: You need the latest iPhone 18 Pro at $2.5K or you're a big sissy. Did you see the cool colors? Wow! Sure but a 17 is like $929 at 0% Apr for 36m And when you upgrade every 3 years it might be $3-600 |
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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Originally Posted By BeaterHonda: Sure but a 17 is like $929 at 0% Apr for 36m And when you upgrade every 3 years it might be $3-600 Originally Posted By BeaterHonda: Originally Posted By Lou_Daks: You need the latest iPhone 18 Pro at $2.5K or you're a big sissy. Did you see the cool colors? Wow! Sure but a 17 is like $929 at 0% Apr for 36m And when you upgrade every 3 years it might be $3-600 My Samsung S26, and wifes S26 Ultra are $0, and the total phone bill is about $15 more per month than a landline cost 25 years ago (adjusted for inflation). Just like what I pay per month in Spotify and Netflix cost less than renting from Blockbuster, buying vinyl records, tapes, VHS, and CDs back in the day. The cell phone/streaming scapegoat is tired BS that won't go away. |
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 Coati: 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. Originally Posted By Coati: 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. The new water tap fee in my county is $50k. Gotta factor that in as well. |
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Originally Posted By fdawg: This Originally Posted By fdawg: Originally Posted By HRoark87: 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. 7.3% interest is the norm long term, it's certainly not ''high'' like some keep thinking. Artificially low interest rates did more to raise housing prices then most people want to admit to themselves. At some point something will have to give but lets face it, the people demanded a shit sandwich for lunch, government provided you one, plus another for dinner. Now you all have decided shit sandwiches taste pretty.........duh, shitty. People really think borrowing money shouldn't cost anything, and if this were true, there wouldn't be a single dime available to borrow because lenders would take their money elsewhere. |
Liberals are a curious mix of communism and fascism, they want to destroy you but want to use your own money to do it.
I'm getting down to the last box, the others have all been destroyed...
I'm getting down to the last box, the others have all been destroyed...
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Originally Posted By RolandofGilead: Houses cost much money. People make not much money. This makes buying houses with money very hard. In the before time, houses cost less money. Easier to to trade money for houses then. I'm not sure how to make the problem any easier for you to understand. There was even a color coded graph on a previous page...that didn't help? I don't have to provide a solution to identify a problem. That's some dumb stipulation that you made up. Originally Posted By RolandofGilead: Originally Posted By Lou_Daks: Originally Posted By RolandofGilead: "You seem emotional" last tactic of someone without an argument. You said "rent is too high isn't a solution". I pointed out that nobody claimed it was. You've been denying the problem for the entire thread. RIF. Suppose you actually state the exact problem, and the solution? You keep evading. People make not much money. This makes buying houses with money very hard. In the before time, houses cost less money. Easier to to trade money for houses then. I'm not sure how to make the problem any easier for you to understand. There was even a color coded graph on a previous page...that didn't help? I don't have to provide a solution to identify a problem. That's some dumb stipulation that you made up. |
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Originally Posted By Lou_Daks: You need the latest iPhone 18 Pro at $2.5K or you're a big sissy. Did you see the cool colors? Wow! Originally Posted By Lou_Daks: Originally Posted By fdawg: You need a cellphone. It's like mandatory You need the latest iPhone 18 Pro at $2.5K or you're a big sissy. Did you see the cool colors? Wow! |
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Originally Posted By Bubbles: How many 18-22 are in college so they still use a parent's home address? How many are living at home and paying market rent for a room? How many are unemployed/coasting and living in the basement? Daughter 24 living at home. Got her Masters degree last year( she paid for it and has no debt). She just got a promotion. Works in IT and finance. Will probably move out late this year or early next when her boyfriend puts a ring on her finger. I happily provide a roof over her head, a car for her to drive, medical insurance and a phone. She is youngest of Five children. Some would be welcome back if they needed. Some would not because they wouldn’t respect my home. |
Nearly half of adults under 30 live with their parents (Page 9 of 9)
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