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Ah, great, another thing I wouldn't have access to in my lifetime despite being in the top 25% income bracket. Capital accumulates in the hands of so few, it's
by sascha_sl 5y ago
Ah, great, another thing I wouldn't have access to in my lifetime despite being in the top 25% income bracket.
Capital accumulates in the hands of so few, it's just so fucked up and hurts to even think about. I'd settle in a hut in the forest, but I'm sure someone will try to evict me there too!
- formerly_proven 5y agoYou can't live in the forest, that's illegal.
- bittercynic 5y agoThe timing is unpredictable, but I think it's highly likely that you will get the opportunity to buy yourself a house if you are thrifty and patient.
- ianai 5y agoEh or buy at a high price now and find yourself unable to sell when prices lower. The long term population trends in the US are decreasing. My guess is it’ll be driven by baby boomer population decline. It’d be interesting to look into that deeper. Probably the best home buying scenario right now is to buy as little as you need. At least the eventual hurt is lesser. I mirror GP though. I graduated into the Great Recession and couldn’t find work for many years. The work I did eventually find wouldn’t have afforded real estate, ever. Now that my incomes up to buy home territory (comfortably) there’s this huge land grab. Not going to start on things like family formation. Feels like chasing a hundred dollar bill that’s being pulled on a line away from me.
- thehappypm 5y agoEvery consider buying a home with like a 3% down payment? Many states have first time homeowner incentives; you can borrow against your own 401(k), etc
- sascha_sl 5y agoi'm (1) european and (2) dependent on not needing a car so my only option is in cities