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» It's astonishing how awful real estate market is now for young people
08-12-2024, 06:21 PM
#31
Originally Posted By coast2coastam⏩
Yes. Just about anywhere that's not the center of a metropolitan area or an enclave for the elite.
Do you think you'd be able to buy a house now making $12 an hour? If so, where?
All you have to do is, be a veteran to get a loan with no down payment.
Settle for what you can afford not what you want.
Work your ass off in overtime while going to school full time in order to better your situation.
That's how I did it. What I didn't do was complain or cry about my situation.
90 minutes outside of DC.
https://www.zillow.com/homedetails/2...12224330_zpid/
I've had a 2.5 hour commute each way before.
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08-12-2024, 07:41 PM
#32
Originally Posted By Godfrd824⏩
That's the starting bid on that house. The actual price it would sell for is probably twice that, if not more, which further proves the point OP is making:
Yes. Just about anywhere that's not the center of a metropolitan area or an enclave for the elite.
All you have to do is, be a veteran to get a loan with no down payment.
Settle for what you can afford not what you want.
Work your ass off in overtime while going to school full time in order to better your situation.
That's how I did it. What I didn't do was complain or cry about my situation.
90 minutes outside of DC.
https://www.zillow.com/homedetails/2...12224330_zpid/
I've had a 2.5 hour commute each way before.
All you have to do is, be a veteran to get a loan with no down payment.
Settle for what you can afford not what you want.
Work your ass off in overtime while going to school full time in order to better your situation.
That's how I did it. What I didn't do was complain or cry about my situation.
90 minutes outside of DC.
https://www.zillow.com/homedetails/2...12224330_zpid/
I've had a 2.5 hour commute each way before.
Public real estate auction! Wednesday August 14 @ 3PM. Property sells to the highest bidder. Listing price is starting bid only. Buying via a competitive bidding event is easy and transparent. Please use the listing broker information below to contact for more information. Well built 3 BR/2.5 BA home on 1.34 +/- acre lot in Buck Run Estates – Attached 2 car garage – Several recent upgrades – Whole house generator – Centrally located only 1 mile from Rt. 15, 2 miles from Rt. 29, 3 miles from Rt. 3, 3.5 miles from downtown Culpeper and a short drive to Charlottesville, Fredericksburg, Front Royal, Manassas & Northern Virginia!!
The chart's showing $450k, the dot is the auction starting price.
Here's a more realistic payment based on that house's current price with 0 money down:
Here's a similar house in this town:
https://www.zillow.com/homedetails/2...36910609_zpid/
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08-12-2024, 07:44 PM
#33
Yep.
And even if you can afford the payments, who's to say you won't be laid off lol. Unless you have some super in demand skillset like a RN or something…it's a huge risk.
Imagine getting canned and having 4k in house payment Lulz.
And even if you can afford the payments, who's to say you won't be laid off lol. Unless you have some super in demand skillset like a RN or something…it's a huge risk.
Imagine getting canned and having 4k in house payment Lulz.
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08-12-2024, 07:47 PM
#34
Originally Posted By 6gorillion⏩
Then:
Yep.
And even if you can afford the payments, who's to say you won't be laid off lol. Unless you have some super in demand skillset like a RN or something…it's a huge risk.
Imagine getting canned and having 4k in house payment Lulz.
And even if you can afford the payments, who's to say you won't be laid off lol. Unless you have some super in demand skillset like a RN or something…it's a huge risk.
Imagine getting canned and having 4k in house payment Lulz.
-get another job or
-sell the house and pocket a massive capital gain
Either way still miles ahead of a rentcuck
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08-12-2024, 07:48 PM
#35
Originally Posted By r32gojirra⏩
yeah bro, they're just handing out jobs where you can comfortably afford a 4K a month mortgage payment like candy huh? fkn tard lmao.
Then:
-get another job or
-sell the house and pocket a massive capital gain
Either way still miles ahead of a rentcuck
-get another job or
-sell the house and pocket a massive capital gain
Either way still miles ahead of a rentcuck
2024 Biden economy is in shambles.
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08-12-2024, 07:49 PM
#36
I'll be inheriting a house/building since my father just passed away. Going to fix it up as best as I can and just leave it there and not ever sell. Maybe rent it out to a good person.
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08-12-2024, 07:50 PM
#37
Originally Posted By 6gorillion⏩
If you already had one such job, why would you have problems finding another one?
yeah bro, they're just handing out jobs where you can comfortably afford a 4K a month mortgage payment like candy huh? fkn tard lmao.
2024 Biden economy is in shambles.
2024 Biden economy is in shambles.
If that’s such an unachievably high salary then by definition your skills are in high demand and a lateral move is easy
You must be the worst kind of tard - a rentard lmao
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08-12-2024, 07:51 PM
#38
Originally Posted By coast2coastam⏩
Guy, that house has been for sale for a month and has gone down in price $50k. You could go buy that house tomorrow for $200k.
That's the starting bid on that house. The actual price it would sell for is probably twice that, if not more, which further proves the point OP is making:
The chart's showing $450k, the dot is the auction starting price.
Here's a similar house in this town:
https://www.zillow.com/homedetails/2...36910609_zpid/
Here's a more realistic payment based on that house's current price with 0 money down:
The chart's showing $450k, the dot is the auction starting price.
Here's a similar house in this town:
https://www.zillow.com/homedetails/2...36910609_zpid/
Here's a more realistic payment based on that house's current price with 0 money down:
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 07:52 PM
#39
Originally Posted By r32gojirra⏩
Software engineers were getting 2, 3, 400K+ salaries like nothing back in 2020-2022.
If you already had one, why would you have problems finding another one?
If that’s such an unachievably high salary then by definition your skills are in high demand and a lateral move is easy
If that’s such an unachievably high salary then by definition your skills are in high demand and a lateral move is easy
Now some of them are driving Ubers cause the tech market has gone to **** and they can't find anything lol . Times change bud. Markets can collapse.
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08-12-2024, 07:54 PM
#40
Originally Posted By r32gojirra⏩
Don't you just hate that kind of self defeatist attitude? They're their own worse enemy.
If you already had one such job, why would you have problems finding another one?
If that’s such an unachievably high salary then by definition your skills are in high demand and a lateral move is easy
You must be the worst kind of tard - a rentard lmao
If that’s such an unachievably high salary then by definition your skills are in high demand and a lateral move is easy
You must be the worst kind of tard - a rentard lmao
Originally Posted By 6gorillion⏩
You are wrong. $40k nobodies are driving uber now, anyone making $400k in 2022 is making $600k now.
Software engineers were getting 2, 3, 400K+ salaries like nothing back in 2020-2022.
Now some of them are driving Ubers cause the tech market has gone to **** and they can't find anything lol . Times change bud. Markets can collapse.
Now some of them are driving Ubers cause the tech market has gone to **** and they can't find anything lol . Times change bud. Markets can collapse.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 07:57 PM
#41
Originally Posted By Godfrd824⏩
LMAO you have no idea what youre talking about.
Don't you just hate that kind of self defeatist attitude? They're their own worse enemy.
You are wrong. $40k nobodies are driving uber now, anyone making $400k in 2022 is making $600k now.
You are wrong. $40k nobodies are driving uber now, anyone making $400k in 2022 is making $600k now.
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08-12-2024, 07:57 PM
#42
Originally Posted By Godfrd824⏩
Why is every other similar house there twice as much?
Guy, that house has been for sale for a month and has gone down in price $50k. You could go buy that house tomorrow for $200k.
Have you been checking in on this area since 2021? The one house that's $350k is a trailer.
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08-12-2024, 08:02 PM
#43
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08-12-2024, 08:02 PM
#44
Originally Posted By 6gorillion⏩
Well I made about $230k in 2022, and made nearly $500k in 2023. So yeah.
LMAO you have no idea what youre talking about.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 08:04 PM
#45
Bad? Da fuk you talking about.
Most live with parents still and financing cars above their means along with eating out, starbucks and buying expensive clothes.
You can't fuking tell me they have it hard when they can pinch pennies at home.
Most live with parents still and financing cars above their means along with eating out, starbucks and buying expensive clothes.
You can't fuking tell me they have it hard when they can pinch pennies at home.
Ea
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08-12-2024, 08:07 PM
#46
Originally Posted By Godfrd824⏩
If youre not F.O.S. and youre for real and you got a massive 2x bump in one year, while most of the industry is laying off and outsourcing, you're the exception and not norm.
Well I made about $230k in 2022, and made nearly $500k in 2023. So yeah.
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08-12-2024, 08:07 PM
#47
Originally Posted By LuigiMiami631⏩
shouldn't be that hard for the ordinary person to buy a home.
Bad? Da fuk you talking about.
Most live with parents still and financing cars above their means along with eating out, starbucks and buying expensive clothes.
You can't fuking tell me they have it hard when they can pinch pennies at home.
Most live with parents still and financing cars above their means along with eating out, starbucks and buying expensive clothes.
You can't fuking tell me they have it hard when they can pinch pennies at home.
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08-12-2024, 08:10 PM
#48
JFL at people that move to expensive cities, work a dead end job, and expect to buy a house in a place that lacks inventory.
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08-12-2024, 08:11 PM
#49
Originally Posted By coast2coastam⏩
That's on 4 acres. With all the land being bought by tech companies for data centers around here, land prices are shooting up hard.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 08:13 PM
#50
Originally Posted By 6gorillion⏩
I did not get a 2X bump. I got my usual 15-20% raise, 20% that year, and my businesses and investments made up about another $100k, and the final $200k I got from flipping a house I bought in late 2021 and sold mid 2023.
If youre not F.O.S. and youre for real and you got a massive 2x bump in one year, while most of the industry is laying off and outsourcing, you're the exception and not norm.
It is too easy to make decent money for y'all to be crying the way y'all do.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 08:13 PM
#51
Yeah I'm actually at an odd place right now where I have the money to get into a house but it's all the other logistics holding me back
Potential recession looming so I don't want to get into a home purchase then wind up needing a new job, potentially a new job too fckign far away. I dunno
Not married, no kids, have to take care of everything by myself
Could get into a condo, but $300-500/month HOA, meh.
If I get into a condo "for myself" it will be an inexpensive place and probably be in a crap neighborhood. At least the ones I found on zillow.
I just want to buy a place, pay it off real fast, and have some equity.
Potential recession looming so I don't want to get into a home purchase then wind up needing a new job, potentially a new job too fckign far away. I dunno
Not married, no kids, have to take care of everything by myself
Could get into a condo, but $300-500/month HOA, meh.
If I get into a condo "for myself" it will be an inexpensive place and probably be in a crap neighborhood. At least the ones I found on zillow.
I just want to buy a place, pay it off real fast, and have some equity.
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08-12-2024, 08:15 PM
#52
Originally Posted By DolphinPilot⏩
Buy a cheaper place, rent it out, have someone else pay it for you.
Yeah I'm actually at an odd place right now where I have the money to get into a house but it's all the other logistics holding me back
Potential recession looming so I don't want to get into a home purchase then wind up needing a new job, potentially a new job too fckign far away. I dunno
Not married, no kids, have to take care of everything by myself
Could get into a condo, but $300-500/month HOA, meh.
If I get into a condo "for myself" it will be an inexpensive place and probably be in a crap neighborhood. At least the ones I found on zillow.
I just want to buy a place, pay it off real fast, and have some equity.
Potential recession looming so I don't want to get into a home purchase then wind up needing a new job, potentially a new job too fckign far away. I dunno
Not married, no kids, have to take care of everything by myself
Could get into a condo, but $300-500/month HOA, meh.
If I get into a condo "for myself" it will be an inexpensive place and probably be in a crap neighborhood. At least the ones I found on zillow.
I just want to buy a place, pay it off real fast, and have some equity.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 08:18 PM
#53
yeah bro, they're just handing out jobs where you can comfortably afford a 4K a month mortgage payment like candy huh? fkn tard lmao.
2024 Biden economy is in shambles.
2024 Biden economy is in shambles.
I would not be buying a home right now unless I was married with kids, and even then I'd want to make sure I have years worth of savings lined up after the purchase just in case of job loss.
In an ideal situation I would want to have dual income so that job loss wouldn't be much of an issue, which isn't hard these days.
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08-12-2024, 08:19 PM
#54
Originally Posted By Godfrd824⏩
Meh, that's just more headache, having to deal with potentially chitbag renters.
Buy a cheaper place, rent it out, have someone else pay it for you.
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08-12-2024, 08:22 PM
#55
Originally Posted By Godfrd824⏩
So again youre inadvertently proving the point that OP is trying to make. He specifically noted for young people. 30 years and younger.
I did not get a 2X bump. I got my usual 15-20% raise, 20% that year, and my businesses and investments made up about another $100k, and the final $200k I got from flipping a house I bought in late 2021 and sold mid 2023.
It is too easy to make decent money for y'all to be crying the way y'all do.
It is too easy to make decent money for y'all to be crying the way y'all do.
Since you have a join date of 2008 youre clearly well past that age range.
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08-12-2024, 08:23 PM
#56
Originally Posted By DolphinPilot⏩
You can hire a company to do everything for you, but of course they take their cut.
Meh, that's just more headache, having to deal with potentially chitbag renters.
Originally Posted By TugOfPeace⏩
How is that any different than paying rent?
I have thought about this. The idea is, you need substantial savings to the point where if you get laid off, you can afford to stay in that home for a couple years. The best case scenario is you rent it out and move somewhere else.
I would not be buying a home right now unless I was married with kids, and even then I'd want to make sure I have years worth of savings lined up after the purchase just in case of job loss.
In an ideal situation I would want to have dual income so that job loss wouldn't be much of an issue, which isn't hard these days.
I would not be buying a home right now unless I was married with kids, and even then I'd want to make sure I have years worth of savings lined up after the purchase just in case of job loss.
In an ideal situation I would want to have dual income so that job loss wouldn't be much of an issue, which isn't hard these days.
Originally Posted By 6gorillion⏩
I'm 35, and I didn't start getting my shyt together till I was 25. That was 10 years ago. I was living in a 1 bedroom, not an apartment, just a bedroom, and made $15/h.
So again youre inadvertently proving the point that OP is trying to make. He specifically noted for young people. 30 years and younger.
Since you have a join date of 2008 youre clearly well past that age range.
Since you have a join date of 2008 youre clearly well past that age range.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
08-12-2024, 08:25 PM
#57
Originally Posted By TugOfPeace⏩
I have thought about this. The idea is, you need substantial savings to the point where if you get laid off, you can afford to stay in that home for a couple years. The best case scenario is you rent it out and move somewhere else.
I would not be buying a home right now unless I was married with kids, and even then I'd want to make sure I have years worth of savings lined up after the purchase just in case of job loss.
In an ideal situation I would want to have dual income so that job loss wouldn't be much of an issue, which isn't hard these days.
I would not be buying a home right now unless I was married with kids, and even then I'd want to make sure I have years worth of savings lined up after the purchase just in case of job loss.
In an ideal situation I would want to have dual income so that job loss wouldn't be much of an issue, which isn't hard these days.
Yup there are tons of videos on YouTube of Tesla, Amazon, Google employees getting laid off and they were making very good money, but having a house payment somewhere in Bay Area means even with 6 figure savings they can blow through that in a year when your house payment is 10K a month and thats completely forgetting about groceries, gas, food, utilities, car payments, student loans.
They have to put the house on the market and bounce if they don't find something comparable in the first few months. Who wants to completely burn through all the savings they worked hard for and go broke?
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08-12-2024, 08:25 PM
#58
Hoes will pay 3k a month for a studio and still vote for kamgirl with a smile. Sad!
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08-12-2024, 08:26 PM
#59
in Sydney average house is 1.5-2 million
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08-12-2024, 08:28 PM
#60
Originally Posted By Godfrd824⏩
What do you mean?
You can hire a company to do everything for you, but of course they take their cut.
How is that any different than paying rent?
How is that any different than paying rent?
In my opinion, renting is the way to go if you're a high income earner, especially if you're dual income. Live beneath your means for 2-3 years, buy a home and then pay it off in another 2-3 years and be on easy street.
I think home ownership is vastly overblown and seriously think it's not a good move for most people out there. People look at interest rates but they don't realize they are paying the majority of the interest on the loan in the initial years. It's only worth the price of a mortgage if they stay long enough or the home value appreciates in the short term.
I rather have a substantial downpayment and then aggressively pay off the home so that I'm not reliant on a job at that point. That gives me freedom and more risk tolerance to branch out and make more investments in real estate.
People saying to buy the first home and then cash out the equity after a couple years are assuming 1) there will be much if any equity to cash out since first few years you're just paying interest and 2) the home will appreciate in the short term. The HELOC you're getting on homes these days for the purposes of taking out equity is on the order of 10%+ interest rate anyways.
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