News

I'm giving up on the idea of living, nevermind getting a house.

Us Millennials sure do love destroying industries by non-participation such as... lemme check my notes here... housing. Pack it in, chaps, another job well done.

Older than millennials and accepted that I'll never own a home. This is despite having money. Not where we want to live, anyway.

We could swing it if we accepted living in a shithole like Utah, but then I'd hate my life.

I just bought the cheapest house that was bearable to live in. It was $40k cash.

I'm a millennial homeowner and the only way I managed to do so was after getting a toehold in a cheaper market.

Am 43. Owned a falling-apart trailer for two years til it leaked enough carbon monoxide to almost kill me. Couldn't afford maintenance. I have one Aunt left to live with and when she passes I'm expecting to be homeless again. I'll never afford my own home. Yes, I've looked up "assistance" for disabled and therefore low income ppl in my area, and many other areas as well bc I'd move for a home again in a heartbeat, but that stuff simply isn't funded anymore. I feel like I've been moving from one family to another who will temporarily adopt me for the last 15 years.

airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.

This is news! 15 years ago.

There's still hope, I just recently bought a home just after turning 40. You just need to put a ton of money into savings, go bankrupt paying medical bills after something bad happens to your spouse, spend 7 years in borderline poverty, and then have one of your parents die the same month they retire and collect their retirement fund.

I hate that the best thing my father ever gave me was his pension.

But but 50 year mortgages. Pounce now and you can own by 90

At this point it's easier to join a movement to tax private ownership of essentials, than saving for a home

Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.

Duh. This is what unchecked wealth inequality is doing. As retirees sell their house to fund retirements and new properties are built, people with already sizable passive income streams are buying them up to increase their passive income streams by turning them into rentals. If you want to build more, developers need to bid against that same wealth for land, driving up the cost of the units and further driving them into wealthy portfolios. Governments are pretty much fully leveraged after covid, so they've got few assets to help subsidize affordable housing, which is often being privately sold anyway and will be sold by those owners later at market prices when these cash strapped families need the money (for retirement or unexpected troubles).

https://youtube.com/watch?v=pUKaB4P5Qns

The squeeze-out of the middle class has begun.

I have almost 200k put away and it isn’t enough.

So if younger generations have less and less capital with which to enter the housing market, then where does the value appreciation come from I wonder?

I'd love to buy a home

I just can't do it any time soon due to ballooning prices where I currently live

I've basically given up on everything. Death is more humble than participating in this culture.

I'm glad I bought my house when interest rates were just barely above 3%. I couldn't afford my home if I had to buy it today.

This fucking economy sucks and we need to start removing everyone in power forcefully until the problems go away. Then start again.

I'm a millennial with a house but no retirement savings, and the WSJ tells me the average millennial has over $1m in retirement assets now, so fuck y'all and your privilege. (I'm just kidding, I know you're poor too)

what would marx do?

i'm not sure i ever held out hope of owning my own home.