I’m a wage slave and I can’t even afford a house 👍
I accept that I will not benefit from this. But my son will. Even if he sells it once I’m gone and helps him elsewhere. Just got to not fail as a parent and teach him not to spend it on ethots!
Until you get laid off in corporate downsizing to increase profits by .5% and then you can’t afford your mortgage and the bank seizes your house
This is what an emergency fund is for. And you would also end up homeless if you’re renting and lose your income. It’s no better. At least with the house, you could sell it if you need the money. You’ll just lose a bit, but not everything.
Based
You’re a wage slave regardless unless you’re rich or lucky: Gotta have money to eat, get healthcare, have shelter, etc
Rich get richer. Had some recent inheritance roll to an IRA, looking at mutual funds to put it into until I’m required to withdraw it. There are ones tracking at 30-45% returns month after month while the economy is in the shitter. Want in? Minimum purchase amount for those funds is $100,000-250,000. The funds normal people can afford pull down more like 15% RoR on aggressive investments, which are super volatile.
You have to be wealthy to get wealthy. 99% of us are getting fucked by the 0.1% - the 1% just happen to have enough money to get into the lower levels of the game, but the 0.1% have investment options we’ll never be party to.
It’s amazing how many people will simp for these billionaires like Musk, and claim they’re “in the game” with their investments and net worth. They’re not. If your net worth is less than mid eight figures, you’re not in the game, you’re a rounding error.
Either way, you end up slaving away for someone else’s profit. Either a landlord or a bank.
Eh, owning land is the closest thing a regular person can have to a real investment. I bought a shitty house back in 2019 and sold it recently without having made any improvements to it at all, yet it sold for enough money to offset all of the mortgage payments I’d made since purchasing it. Sure, all it did was make me break even on housing, rather than actually profiting from it, but that’s a hell of a lot better than 4 years of $1,000+ rent payments a month down the drain. I’d likely have made a decent profit if I’d done anything to fix it up.
I used the money from the sale to buy an actually decent house in a better neighborhood that I’d never have been able to afford back in 2019, even though my financial situation has stayed pretty much the same. And this house will likely sell for an actual profit in a few years if I decide to move again, while being a great place to live in the meantime to boot.
That’s supposed to be an either thing?
Supposed to be, no. Turned out to be, yes.
I think they were implying that it turned out to be both rather than either.
Ahhhh, gotcha
Leaving us only one real option here government.
what if you tried squatting some properties instead?
That is an option some places! It does require that the area/country you live/choose does not viciously prosecute squatters. #USAproblems Wiki link
Oh no! Homeless people are sheltering in unoccupied real estate without going to prison! They should just die outside to protect the investors who rely on homelessness to maintain property values!
Lmaoooooooooo wage slave by owning a house. Peak topkek.
