When there’s almost no hope of owning a home ever, why bother saving? If I hadn’t gotten a home right before the housing market went to shit, I’d be discouraged too. As nice as it is seeing my little condo skyrocket in value, I’d rather all homeowners lost value in their homes if it meant home-buying was easier for more people. It doesn’t help having a place that’s doubled in value if every other home on the market has also doubled in value along with it.
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The Daily did a good piece about several weeks ago. https://youtu.be/MVVW0symuu8
My reason to save was always retirement, end of life care, etc. And real talk, the money sink into my 401k is doing better than the money I’m sinking into the house I was lucky enough to score 5 years ago.
My main reason to buy a house was not because real estate was a better investment for me. It wasn’t. Like many of us, I hated my landlords, hated the fact that nothing ever got fixed in my rentals, hated noisy neighbors that were a wall away, etc.
Absolutely. It doesn’t matter what my house’s value is because I can’t afford to sell it. I couldn’t afford to replace it, and my house is the only realistic way I’ll be able to retire someday and actually have a roof over my head.
I’d like if home-buying was more affordable, but we are still stuck in the supply problem. My brother put his house on the market and priced it the highest any house in his neighbors sold for. He got an offer for that in 2 weeks. The housing value will crash if the market get flooded, but home builders don’t want that.
Dont you guys not have
phonesparents? You will get a house once they die. If you have siblings, tough luck, you will have to battle royale for the house.Because there is more to life than just owning a home? How about having some buffer in the event you lose your job, or get sick, or a million other reasons. You’re way too fixated on the idea of owning a house.
There’s more to it than the idea of owning a home. A 30-year fixed mortgage means your “rent” will be the same* for 30 years. Then you just… Don’t have to pay it any more. Need to move? That’s cool, you can just take that equity you’ve got and put it towards your next house.
* yes, I know property tax and insurance is a thing. The bulk of the payment is for principal and interest
Totally. But just because you can’t afford to buy a home doesn’t mean you should blow your savings.
Michelle Griffith, Chicago-based senior wealth adviser at Citi Personal Wealth Management, said it’s concerning. Many consumers she’s talked to don’t have hope that they can achieve the American dream. “There will be a time when inflation and prices will continue to go down. The Fed is already talking about that. You see that on the horizon now,” Griffith said. “What I want [consumers] to recognize is inflation is cyclical. It doesn’t stay the same, and doom spenders have to keep that in mind.”
Hey Michelle, the price gouging won’t go away on its own, and it’s not cyclical. Hate to break it to you. Also the Fed are a bunch of jackasses, with extremely limited tools.
The inflation already went up, Michelle. Prices aren’t going to drop.
The cost of groceries goes up - it never goes down. Electric rates are going up and it seems everything is going up. Medical care is horrible expensive and it’s not going to come back down again. I don’t know what planet she’s on.
The rich, out of touch planet, I’m guessing. I call it “Opulantis.”
They managed to run Doom on spending?
Lmao, it can truly run on anything.
Another year another propaganda buzzword to keep the masses blaming themselves.
Welp I feel called out as I design a server with GPU passthrough 🤯
how you setting that baby up?
virtualized windows with streaming?
Thinking proxmox hypervisor with a windows VM that has full GPU privilege. There is software called moonlight that I am going to try, to stream it to my local network.
i use sunshine/moonlight and it works pretty well, even over the internet, you should have a blast.
Haha I am so excited! I remember the days of Stadia and I could play triple a games on my phone! So many possibilities
you can totally do it, my phone paired with a controller is now my poor man’s deck.
