08-23-2022, 08:53 PM
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#31
- MuscleXtreme
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- MuscleXtreme
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Originally Posted By mike.hunt⏩
Yeah for a lot of people yeah they are f ucked. Imagine having day care costs as well which a lot two income families have to do just to pay the bills and that’s another $1500 - $2000/month.Exactly either buy an overpriced house and barely scrap by
Or rent an overpriced apartment and barely scrap by
Either way you’re fuked these days
Or rent an overpriced apartment and barely scrap by
Either way you’re fuked these days
In order to get ahead, a person has to work a main job and something on the side for quite a few years to get into a position to get affordability in life.
Then boomers will chime in that millennials spend all their money on avocado toast, and how at their age they were able to buy a 3 bedroom 2 bath house, in a nice neighborhood, have 2 cars, and pay for college all while working as a stocker at the grocery store.
08-23-2022, 08:58 PM
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#32
- gixxer0.6g
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- gixxer0.6g
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All part of the plan.
They'll keep extending loan terms putting people further into debt longer. That or home ownership in the future will be reserved for the elite.
They'll keep extending loan terms putting people further into debt longer. That or home ownership in the future will be reserved for the elite.
Toxic Masculinity
08-23-2022, 09:01 PM
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#33
- meanstringbean
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- meanstringbean
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Called dual income
If you are single get wrecked
If you are single get wrecked
08-23-2022, 09:06 PM
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#34
- MuscleXtreme
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Originally Posted By gixxer0.6g⏩
Right, and so we end up in neofeudalism. That’s the economic system that a lot of people are thinking we’re moving towards.All part of the plan.
They'll keep extending loan terms putting people further into debt longer.That or home ownership in the future will be reserved for the elite.
They'll keep extending loan terms putting people further into debt longer.That or home ownership in the future will be reserved for the elite.
Pretty much Gen Z, or generation Alpha might be the last to be able to buy homes before it’s the elite only. Those who can’t will be serfs who work to pay their landlord.
They’ll own nothing and they’ll like it.
Lesson- build your wealth now so you can pass it on to your family. Your grandchildren can either be the nobles in this upcoming economic environment, or the serfs. It’s up to you to decide.
08-23-2022, 09:07 PM
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#35
08-23-2022, 09:07 PM
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#36
- MuscleXtreme
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Originally Posted By meanstringbean⏩
Averagehouseholdincome is $67k…Called dual income
If you are single get wrecked
If you are single get wrecked
08-23-2022, 09:18 PM
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#37
- r32gojirra
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- r32gojirra
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Originally Posted By SoutheastBeast1⏩
*You’reGet back to begging. That money won’t find its way into your account without it beggarcel.
Almost a new month, hopeyour not behind on your begging from the last month. The begging piles up quick when no one pays.
Almost a new month, hopeyour not behind on your begging from the last month. The begging piles up quick when no one pays.
Hopeyou’renot making those kinds of mistakes on your rental applications
Spoiler!
just kidding I know you live in your parent’s basement
08-23-2022, 09:36 PM
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#38
- iwant2beswole
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- iwant2beswole
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They were buying them for 350k 5 years ago while rentcels coped waiting for the market to crash, and now those homes are 500-600k.
watchout your comments boyo ↓
08-23-2022, 09:51 PM
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#39
- coast2coastam
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Originally Posted By Anachron⏩
I mean sure, but these were houses that were half of what they are just two years ago. It's not like $500k in 2020 pre-lockdown, which got you a giant nice house with a pool in a lot of states, now it gets you a small starter house.They applied themselves in life, got chit done, and bought the place.
Surprising what happens when you don't sit around at home feeling sorry for yourself.
Surprising what happens when you don't sit around at home feeling sorry for yourself.
08-23-2022, 09:54 PM
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#40
08-23-2022, 10:41 PM
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#41
Be disciplined enough to save back $30k/yr for 5 years. Easier to do if you also account for growth from investments too. 20% of $500k is only $100k, the extra $50k+ is to aid with closing costs, emergency fund, and if need be to assist with negotiations / bidding wars.
08-23-2022, 10:43 PM
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#42
08-23-2022, 10:47 PM
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#43
- adamsz
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- adamsz
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Originally Posted By r32gojirra⏩
pretty much describes exactly wut I did from 2015-nowThey bought a house for $100k before the boom, sold it for $300k and now getting a small loan and trading up to a bigger house in a nicer neighbourhood
Awesome pics. Great size. Look thick. Solid. Tight. Keep us all posted on your continued progress with any new progress pics or vid clips. Show us what you got man. Wanna see how freakin' huge, solid, thick and tight you can get. Thanks for the motivation.
08-24-2022, 05:54 AM
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#44
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Originally Posted By Visel⏩
Average household income is $67k, after tax that’s $52-$55k. How do you expect the average couple to save $30k a year on that income?Be disciplined enough to save back $30k/yr for 5 years. Easier to do if you also account for growth from investments too. 20% of $500k is only $100k, the extra $50k+ is to aid with closing costs, emergency fund, and if need be to assist with negotiations / bidding wars.
08-24-2022, 06:00 AM
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#45
08-24-2022, 06:05 AM
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#46
- IPoopStandingUp
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- IPoopStandingUp
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My house cost between 4 dollars and 500k dollars. I earned some of the money working lots of hours at a decent paying job and borrowed the rest from a bank
08-24-2022, 06:11 AM
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#47
08-24-2022, 06:12 AM
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#48
- batmanman
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Most people bought a cheap shiity poverty house for ass $ and then slowly fixed it up, then sold it
So buy shiitty $100k house, fix all its problems, pay it off and sell it later for $170k, use that $170k for downpayment on a bigass $450k house
So buy shiitty $100k house, fix all its problems, pay it off and sell it later for $170k, use that $170k for downpayment on a bigass $450k house
08-24-2022, 06:18 AM
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#49
- DustinTheHuss
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Chinese are coming in and buying $3 million homes at 1500 square feet in cash.
You can’t find a 500K house in my area. Mine is worth $2 million and it’s a tri-level 2,000 square foot home. It’s insane.
You can’t find a 500K house in my area. Mine is worth $2 million and it’s a tri-level 2,000 square foot home. It’s insane.
08-24-2022, 06:38 AM
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#50
- Godfrd824
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Back when I first started looking for my first house I was only making $12/h, my wife made about $18/h, but together that only came out to about $60k/y. I would always read that the rule of thumb is to buy a house that is worth 2-3 times your yearly salary. I always thought to myself these rules of thumb were BS, at about that same time I decided to stop being poor, so I applied myself a bit, and I was astounded at how easy it was to not be a poverton. My most expensive house cost my wife and I about $600k, and we make just under $300k/y together.
So there's your answer OP, stop being a poorcel.
So there's your answer OP, stop being a poorcel.
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.
08-24-2022, 07:01 AM
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#51
-They arent putting 20% down and will be eating PMI for years
-They lied to you and said they paid for it, but their parents made the downpayment and co-signed, pride is a hell of a drug
Or they make 80k-100k+/year and have good credit along with a downpayment saved.
The cheat to the system is to have your parents help with the downpayment and co sign, but of course this creates issues with true ownership and deflates the ego of new home buyers. Everyone tells you they got a sweet deal on the house for 500k. They dont tell you that they had a 3 week long back and forth with the bank where they called their mom and dad crying asking for their signature and 50k only to come back to a bidding war where another 20-40k just evaporates into thin air and their parents savings was the only thing even keeping the bank/realtor answering their calls.
-They lied to you and said they paid for it, but their parents made the downpayment and co-signed, pride is a hell of a drug
Or they make 80k-100k+/year and have good credit along with a downpayment saved.
The cheat to the system is to have your parents help with the downpayment and co sign, but of course this creates issues with true ownership and deflates the ego of new home buyers. Everyone tells you they got a sweet deal on the house for 500k. They dont tell you that they had a 3 week long back and forth with the bank where they called their mom and dad crying asking for their signature and 50k only to come back to a bidding war where another 20-40k just evaporates into thin air and their parents savings was the only thing even keeping the bank/realtor answering their calls.
**Florida Crew**
**Waiting for National Guard Bus Ride to Labor Camp Crew**
08-24-2022, 07:04 AM
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#52
- r32gojirra
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- r32gojirra
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Originally Posted By naich⏩
That story was very detailed and specific-They arent putting 20% down and will be eating PMI for years
-They lied to you and said they paid for it, but their parents made the downpayment and co-signed, pride is a hell of a drug
Or they make 80k-100k+/year and have good credit along with a downpayment saved.
The cheat to the system is to have your parents help with the downpayment and co sign, but of course this creates issues with true ownership and deflates the ego of new home buyers. Everyone tells you they got a sweet deal on the house for 500k. They dont tell you that they had a 3 week long back and forth with the bank where they called their mom and dad crying asking for their signature and 50k only to come back to a bidding war where another 20-40k just evaporates into thin air and their parents savings was the only thing even keeping the bank/realtor answering their calls.
-They lied to you and said they paid for it, but their parents made the downpayment and co-signed, pride is a hell of a drug
Or they make 80k-100k+/year and have good credit along with a downpayment saved.
The cheat to the system is to have your parents help with the downpayment and co sign, but of course this creates issues with true ownership and deflates the ego of new home buyers. Everyone tells you they got a sweet deal on the house for 500k. They dont tell you that they had a 3 week long back and forth with the bank where they called their mom and dad crying asking for their signature and 50k only to come back to a bidding war where another 20-40k just evaporates into thin air and their parents savings was the only thing even keeping the bank/realtor answering their calls.
Hope you called your parents today to thank them for all their help
08-24-2022, 07:06 AM
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#53
- Dukelord
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- Dukelord
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Originally Posted By mike.hunt⏩
500k for a house?!! Where is this? I'm in California and tool sheds go for that price over here.Man I’m late 30’s can’t afford to get financed on $300k
How these first time home buyers making it out here?
This housing market is some bullsnip
How these first time home buyers making it out here?
This housing market is some bullsnip
08-24-2022, 07:09 AM
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#54
- OffwhiteBrah
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Just get some fake paystubs made on Ebay mang
08-24-2022, 07:12 AM
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#55
- meanstringbean
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- meanstringbean
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Also fha loans plus low rates basically made people feel smart for putting as little down as possible
08-24-2022, 07:15 AM
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#56
- UniversityMisc
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- UniversityMisc
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bad timing. you probably would have been good a couple years back. and this is why there wont be a crash like rentcels are always salivating about. lending restrictions are strict as fucck compared to 2008 when they were handing out mortgages like candy.
also just lmfao @ rentcels ITT thinking everyone buys with dads money. say it with me now....C - O - P - E. its okay though, we're all gonna make it.
also just lmfao @ rentcels ITT thinking everyone buys with dads money. say it with me now....C - O - P - E. its okay though, we're all gonna make it.
08-24-2022, 07:17 AM
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#57
- OffwhiteBrah
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Originally Posted By UniversityMisc⏩
https://forum.obnoxiousbrutes.com/showt...hp?t=181653433bad timing. you probably would have been good a couple years back. and this is why there wont be a crash like rentcels are always salivating about. lending restrictions are strict as fucck compared to 2008 when they were handing out mortgages like candy.
also just lmfao @ rentcels ITT thinking everyone buys with dads money. say it with me now....C - O - P - E. its okay though, we're all gonna make it.
also just lmfao @ rentcels ITT thinking everyone buys with dads money. say it with me now....C - O - P - E. its okay though, we're all gonna make it.
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