4 ms·
How do you get to the next stop?
by the_other 5y ago
How do you get to the next stop?
- jimbob45 5y agoYou wait for the market to cycle again - crash, boom, then crash, etc. Parent poster might have been in their 20s/30s though and implying that waiting for the next cycle would waste prime years of their life.
- tejohnso 5y ago> waste prime years of their life. I'm not sure that life is wasted, but I'd suggest financial opportunity is wasted. You just can't reach the level of financial security that the previous generation could if that previous generation had a drastically lower cost of living relative to income for the first X years of their adult life. Especially as X approaches the length of your entire career.
- User23 5y agoOr you hope that your boomer parents don't reverse mortgage the house to fund the Margarita-ville lifestyle at some compound in Florida. For many young people today inheriting a house is the only plausible way they're going to get one.
- aaronax 5y agoAnyone can move to my town and get an $18/hour starting wage job and buy a $150,000 house. Hard to imagine that this is unique. Look outside the cities...
- User23 4y agoBlackrock is aware of this problem and is actively mitigating it.
- bradlys 5y agoThat’ll happen at far too late of an age for it to matter though. Parents aren’t dying at 60 when they had kids at 30. They’re dying at 80 and the kids will be 50+ when they finally get anything. By then - it’s far too late.
- rtkwe 5y agoThat depends heavily on your job and savings not being decimated by the crash part of that cycle.