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Realistically, I will have to gift each of my children a house
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02-01-2022, 07:23 PM
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#1
- r32gojirra
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- r32gojirra
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Realistically, I will have to gift each of my children a house
Pretty much becoming like Moscow now - the only people of my generation or younger who have a hope of home ownership is through inheriting (or moving overseas)
There is no way you could reasonably expect a kid to afford even a starter home at todays prices and things will continue to get worse
Don’t want my kids to be forced into servitude to a bank or worse to be a rentcel coper
Didn’t want to be one of those parents but seems like there’s no alternative
There is no way you could reasonably expect a kid to afford even a starter home at todays prices and things will continue to get worse
Don’t want my kids to be forced into servitude to a bank or worse to be a rentcel coper
Didn’t want to be one of those parents but seems like there’s no alternative
02-01-2022, 07:36 PM
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#2
- SoutheastBeast1
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Maybe if people stopped popping kids out land wouldn’t be at such a premium.
You can’t produce more of it. In b4 there’s still plenty of land. Not really…. Not close enough to where most of civilization resides anyway and that’s the problem
You can’t produce more of it. In b4 there’s still plenty of land. Not really…. Not close enough to where most of civilization resides anyway and that’s the problem
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
02-01-2022, 07:47 PM
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#3
It's not looking good for younger people wanting to own a home.
And it straight up doesn't make sense.
Some areas may have more people migrating in, but prices seem to be up everywhere.
Yes, inflation, reduced purchasing power, but wages haven't gone up that much.
Plus birthrates are supposed to be trending downward so shouldn't there eventually be enough homes available to meet demand?
The only big fat fly I see is rental housing [aka: non-owner occupied housing].
So your kids [and everyone else's kids] could probably afford housing IF we make ownership of 2nd, 3rd, 4th, etc. homes too expensive for most people to bother with- or just straight cap the percentage of profit over expenses for rentals.
Are you in?
And it straight up doesn't make sense.
Some areas may have more people migrating in, but prices seem to be up everywhere.
Yes, inflation, reduced purchasing power, but wages haven't gone up that much.
Plus birthrates are supposed to be trending downward so shouldn't there eventually be enough homes available to meet demand?
The only big fat fly I see is rental housing [aka: non-owner occupied housing].
So your kids [and everyone else's kids] could probably afford housing IF we make ownership of 2nd, 3rd, 4th, etc. homes too expensive for most people to bother with- or just straight cap the percentage of profit over expenses for rentals.
Are you in?
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02-01-2022, 07:49 PM
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#4
I'm not one to expect kids any time soon, nor do I even know that I'd want to be a father in my life time at all tbh.
That said, you don't need to provide houses to your kids... srs. You only need to provide for 0-18 + higher education, which essentially just means 0-22/24ish. Hopefully any scholarships, grants, etc. can help them pursue their needed education with no student loans and no debt by the time they begin their careers. Beyond that, you need to simultaneously have enough to support yourself in your elder years, so that you don't need to rely on your kids as care takers in your life.
^ That's how I look at it. And I think it universally applies to any other country/nation/civilization. Regardless of property ownership or the costs of housing.
That said, you don't need to provide houses to your kids... srs. You only need to provide for 0-18 + higher education, which essentially just means 0-22/24ish. Hopefully any scholarships, grants, etc. can help them pursue their needed education with no student loans and no debt by the time they begin their careers. Beyond that, you need to simultaneously have enough to support yourself in your elder years, so that you don't need to rely on your kids as care takers in your life.
^ That's how I look at it. And I think it universally applies to any other country/nation/civilization. Regardless of property ownership or the costs of housing.
02-01-2022, 07:51 PM
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#5
02-01-2022, 07:54 PM
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#6
- SoutheastBeast1
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Originally Posted By katya422⏩
Uh even if birth rates are lower recently you do know the birth rate is still higher than the death rate, right?It's not looking good for younger people wanting to own a home.
And it straight up doesn't make sense.
Some areas may have more people migrating in, but prices seem to be up everywhere.
Yes, inflation, reduced purchasing power, but wages haven't gone up that much.
Plus birthrates are supposed to be trending downward so shouldn't there eventually be enough homes available to meet demand?
The only big fat fly I see is rental housing [aka: non-owner occupied housing].
So your kids [and everyone else's kids] could probably afford housing IF we make ownership of 2nd, 3rd, 4th, etc. homes too expensive for most people to bother with- or just straight cap the percentage of profit over expenses for rentals.
Are you in?
And it straight up doesn't make sense.
Some areas may have more people migrating in, but prices seem to be up everywhere.
Yes, inflation, reduced purchasing power, but wages haven't gone up that much.
Plus birthrates are supposed to be trending downward so shouldn't there eventually be enough homes available to meet demand?
The only big fat fly I see is rental housing [aka: non-owner occupied housing].
So your kids [and everyone else's kids] could probably afford housing IF we make ownership of 2nd, 3rd, 4th, etc. homes too expensive for most people to bother with- or just straight cap the percentage of profit over expenses for rentals.
Are you in?
Also there’s a lag. So what you really need to look at is population growth 20-30 years ago. Because those people are the ones now entering the housing market.
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
02-01-2022, 07:55 PM
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#7
- stayhomeneet
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- stayhomeneet
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Originally Posted By JayJ350⏩
Is a man not entitled to the sweat of his brow?Rentcels is why we have so many communist lefties who want everything handed to them. No hope in their miserable lives.
No, says the state, it belongs to us.
02-01-2022, 08:01 PM
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#8
- SoutheastBeast1
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Originally Posted By SoutheastBeast1⏩
Between 1990-2000, roughly 2.5 mil were added to the US populationUh even if birth rates are lower recently you do know the birth rate is still higher than the death rate, right?
Also there’s a lag. So what you really need to look at is population growth 20-30 years ago. Because those people are the ones now entering the housing market.
Also there’s a lag. So what you really need to look at is population growth 20-30 years ago. Because those people are the ones now entering the housing market.
By comparison, from 1960-1970, 2 mil were added to it.
So you’ve got an extra half million entering the housing market today than you did 30 years ago. That’s a lot. At some point there’s a squeeze that happens. It has to happen. The US didn’t exactly grow its land 20% in the last 30 years. A maybe a few more cities are more prominent than 30 years ago in attempts to absorb the population growth but probably not to the extent of the increase.
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
02-01-2022, 08:09 PM
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#9
Originally Posted By SoutheastBeast1⏩
Added how? Births or immigration?Between 1990-2000, roughly 2.5 mil were added to the US population
By comparison, from 1960-1970, 2 mil were added to it.
So you’ve got an extra half million entering the housing market today than you did 30 years ago. That’s a lot. At some point there’s a squeeze that happens. It has to happen. The US didn’t exactly grow its land 20% in the last 30 years. A maybe a few more cities are more prominent than 30 years ago in attempts to absorb the population growth but probably not to the extent of the increase.
By comparison, from 1960-1970, 2 mil were added to it.
So you’ve got an extra half million entering the housing market today than you did 30 years ago. That’s a lot. At some point there’s a squeeze that happens. It has to happen. The US didn’t exactly grow its land 20% in the last 30 years. A maybe a few more cities are more prominent than 30 years ago in attempts to absorb the population growth but probably not to the extent of the increase.
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02-01-2022, 08:11 PM
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#10
- AlwaysFocus
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- AlwaysFocus
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Most likely they will waste the opportunity you give them and their offspring will end up as rentcel copers spendmaxxing ending your family line.
All because some foriegn investors bought up all their chit.
All because some foriegn investors bought up all their chit.
02-01-2022, 08:13 PM
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#11
- SoutheastBeast1
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Originally Posted By katya422⏩
Lol yeah just births. I’m not even factoring in immigration so you get the point how it can stack up lolAdded how? Births or immigration?
It’s not all population growth of course. There are other factors. Like some have said people buying up stuff and forcing people to rent to make a buck is also part of it.
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
02-01-2022, 08:13 PM
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#12
02-01-2022, 08:27 PM
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#13
- GuineaDago585
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- GuineaDago585
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Back in the days the purpose of having children was to have people to take care of you when you get old and decrepit, which was about 45 years old. Now parents are funding their kid’s lives into their 30s and 40s.
02-01-2022, 08:28 PM
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#14
- TheJediBrah
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- TheJediBrah
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not sure if srs. If your kids are decently intelligent and hard-working they won't have any problems at all.
You only need to do this if your kids are useless drains on society (which tbf most people are so maybe)
You only need to do this if your kids are useless drains on society (which tbf most people are so maybe)
02-01-2022, 08:38 PM
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#15
02-01-2022, 08:48 PM
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#16
- r32gojirra
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- r32gojirra
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Originally Posted By TheJediBrah⏩
The median house price here is now well above $1 million Australian pesos.not sure if srs.If your kids are decently intelligent and hard-working they won't have any problems at all.
You only need to do this if your kids are useless drains on society (which tbf most people are so maybe)
You only need to do this if your kids are useless drains on society (which tbf most people are so maybe)
$100kpa is considered to be a reasonable salary.
“Get good grades, get a good degree and get a good job” is not going to cut it.
Teaching kids the value of money and hard work is great and all but that doesn’t mean they need to be sold into slavery to afford a decent home for themselves.
Originally Posted By GuineaDago585⏩
I didn’t create the problem but I was lucky enough to get in early enough and profit from it.Back in the days the purpose of having children was to have people to take care of you when you get old and decrepit, which was about 45 years old. Now parents are funding their kid’s lives into their 30s and 40s.
Don’t really want my kids sitting around waiting for me to die so they can inherit.
Would rather improve their lives while I’m alive.
02-01-2022, 08:58 PM
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#17
- Loochi
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- Loochi
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You're a good man Op.
That bleak looking future. NZL is bad lol
That bleak looking future. NZL is bad lol
** Officially started lifting weights on March 22nd 2007 **
Competitive bodybuilder, powerlifter and strongman.
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