You mean my not owning a home is not just because I’m a bad person and had too much avocado toast?
Hey now! If you don’t eat Steak and Eggs for breakfast, like the previous generation, how can you afford a home?
Rent till we die! Yayyyyyy
Honestly, the only reason I want to own is because I have gotten too old, out of shape, and fat to move most of my furniture myself, and I am not sure I can afford a mover, so I want the security that I am on a straight and narrow that doesn’t have the constant looming threat of the owner going “yeah… I’m just not gonna renew the lease” even though I am still somehow keeping up with the payments.
Well if the studies are correct that will happen sooner than if you own.
Always a silver lining /s
Been 16 years already?
Yup.
About how old my grandpa was when he bought a plot of land, a shit ton of wood, and a shit ton of concrete and built the house that was sold to pay off his medical debt when he died…
…fuck…that’s dark. Sorry things swung that way for your family.
I lean on the word “about”.
He actually illegally enlisted in the Navy during WWII when he was 16, so it was more like 20/21 when he bought the plot and materials.
Ya, still dark AF. And I also don’t think its a rare family story.
Jesus fuck. I am a winner in all of this, having bought my house just a few years back at 3.625%, for 2/3 its current value. But fuck me, this is depressing.
I bought in April of last year. 4.99%, right at the inflection point when interest was rising and prices went flat before falling the bit they did. Puts me technically underwater cause I probably can’t sell for more than what I owe, but the buyer would prob spend more than I did.
It’s gonna take a minute before I have equity lol 😭
Yup, at 2.65% myself. Can’t imagine ever moving at this rate.
Are they telling their clients to get out of the housing market? That’s when things change.
Somebody has to pay for falling housing prices. Should that be negotiated or should it be a game of hot potato?
This is Goldman Sachs, they didn’t tell their customers to dump the worthless shit bonds they sold them, they actively shorted them!
Demand is sky high and supply is so low that i don’t think anyone will get out of residential real estate. Owning a home and rental properties has been and always will be a primary instrument for socioeconomic stratification. The haves will get richer, the have nots, poorer.
Just use inflation to hide the losses from the working class.
