4 ms·

I'm a millennial, who's just leaving university and coming into the job market. I was lucky enough to pick a degree with actual job prospects, so I'm earning a

I'm a millennial, who's just leaving university and coming into the job market. I was lucky enough to pick a degree with actual job prospects, so I'm earning a decent wage. However, there is no chance of me buying property in my country anytime soon (probably for at least a decade, if I'm lucky). At the current rate I could max save at, I'll only come within striking range in 50 years.

virmundi 9y ago
I have no idea where your native land is, but you could go against mainstream with a house boat. I'm trying to get a SV refugee camp here in North Florida around housing in the St Johns. In Florida if you are a resident, you can park your boat on the river. So if we can co-op a boat community on the river complete with WiFi broad band, I think we could all live happily ever after. You can get a liveable boat with out a shower, used without a shower for 7k US. Think microhouse with Manatees in the winter. If you'd like to live in Palatka FL contact me: virmundi at gmail.com.
- icantdrive55 9y ago
  I wanted to do that in the Bay Area, and it's not easy. Sausalito goes out of there way to harass anchorouts. Actually, Sausalito is ticket/fee happy. It's just not right. A friend of mine had to pay a $400 parking fee. The person above me has a great idea. I think we have lost the housing war. We need to stop these little municipalities from enacting laws that force us to rent overpriced rooms. Living on the water should be a right. (Yes--you need to contain wastes, etc.). America has just made everything against the law. It's gotten rediculious.
closeparen 9y ago
To be fair, buying fresh out of college has never been that realistic. The more interesting question to me is, if I can maintain my current spending under future raises (and shovel the difference into an investment account), will I come within striking range in a decade or so? The answer is, I could come within striking range of a 20% down-payment on current prices, but once I factor in 1) the 10-15%/year price increase every year, and 2) the 10-15%/year rent increase chipping away at what I can save, it's hopeless. I'm kind of thinking about investing (part of) this fund in REITs, so that I have exposure to the same growth I'm trying to compete with. However, this precludes the only truly winning scenario (I have a lot of cash available during a housing market crash).

virmundi 9y ago

I have no idea where your native land is, but you could go against mainstream with a house boat. I'm trying to get a SV refugee camp here in North Florida around housing in the St Johns. In Florida if you are a resident, you can park your boat on the river. So if we can co-op a boat community on the river complete with WiFi broad band, I think we could all live happily ever after. You can get a liveable boat with out a shower, used without a shower for 7k US. Think microhouse with Manatees in the winter. If you'd like to live in Palatka FL contact me: virmundi at gmail.com.

icantdrive55 9y ago
I wanted to do that in the Bay Area, and it's not easy. Sausalito goes out of there way to harass anchorouts. Actually, Sausalito is ticket/fee happy. It's just not right. A friend of mine had to pay a $400 parking fee. The person above me has a great idea. I think we have lost the housing war. We need to stop these little municipalities from enacting laws that force us to rent overpriced rooms. Living on the water should be a right. (Yes--you need to contain wastes, etc.). America has just made everything against the law. It's gotten rediculious.

closeparen 9y ago

To be fair, buying fresh out of college has never been that realistic. The more interesting question to me is, if I can maintain my current spending under future raises (and shovel the difference into an investment account), will I come within striking range in a decade or so? The answer is, I could come within striking range of a 20% down-payment on current prices, but once I factor in 1) the 10-15%/year price increase every year, and 2) the 10-15%/year rent increase chipping away at what I can save, it's hopeless. I'm kind of thinking about investing (part of) this fund in REITs, so that I have exposure to the same growth I'm trying to compete with. However, this precludes the only truly winning scenario (I have a lot of cash available during a housing market crash).