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Credit: Pervis (@PervisTime) - Twitter
Nitter link: https://nitter.cz/PervisTime/status/1700928952670245321
RSS Feed: https://nitter.cz/PervisTime/rss
The point isn’t that it’s impossible.
The point is they act like it’s just as easy as it was when they were in their twenties.
Back when you could comfortably support a family with one job working 40hrs/week. Any job.
Back when people would happily buy a house in Cleveland, Ohio or Milwaukee, Wisconsin or Buffalo, NY. Coincidentally those places still have much affordable housing.
People want the things you mentioned AND they want it in NYC, LA, San Francisco, etc. The entitlement is the issue.
Because there aren’t good jobs in those places anymore. So entitled wanting access to jobs…
And acting like NY, SF etc are the only places with a housing crisis. And the only places people want to live. It’s pretty much a housing crisis in any town with jobs.
Lmfaoooo
I live in Ohio bud. It’s not entitlement.
I didn’t have issues. Saved for about a year, nothing crazy, and asked for a loan. Now I own a nice two-story house about a 15 minute walk from the city center. I don’t really get this “buying a home is impossible” -meme, I believed that too before I actually tried and was surprised how easy it was.
When was that? Where?
The house I bought in my 20s (for $275k, inflation adjusted) is now worth $475k.
The house I bought in my 30s ($480k, inflation adjusted) is now worth $800k
In my area at least, home prices are far outpacing inflation. I literally couldn’t afford to buy the house I’m in today at its current value.
Don’t forget, mortgage rates (at least in the US) are still the highest they’ve been since 9/11/2001.
That makes it even harder to buy the now more expensive house.
The house I bought in 2021 in a small midwest city was $395,000.
5000 sq ft. 6 bedrooms, 2.5 bath. Modernized and next to a large park.
What city are you in? That’s the difference.
People can move.
A couple years back during covid, in Finland. House prices here have been creeping up as well but not as aggressively as where you have lived. I doubt that’s the case in all of the US, there must be places with more modest prices. I “downgraded” to a smaller city when I went from renter to owner, couldn’t have bought a home to my liking in Helsinki due to the prices.
Well there’s the issue. Finland isn’t experiencing anywhere near the level of housing cost inflation of the US, Canada, and Australia.
And cheaper areas in these countries are cheaper for very good reasons (they suck to live in/have no jobs available).
They have Social Services too if I’m not mistaken.
“Social services” can hold a wide range of stuff and arguably every country does have social services, but yeah it’s one of the nordic social democracies with an extensive social safety net in place. I’m extremely grateful for it, even though I personally don’t use those services (apart from you know, like roads and shit) and they get funded through my income.
Which means you are not spending monstrous amounts each month for private health insurance which shall only cover things after you’ve spent 10K
Sure. If you live in Cuntass, next to a half dead tree and 500 million mosquitoes
Sure there are places houses aren’t insanely expensive, but they are generally many hundreds of miles away from where there are jobs available that may pay enough to purchase said house.
Having lived in Europe it amazes me how many Europeans believe that because it’s still in the country, it’s not all that far. But if you compare directly a few hundred miles is usually in another country in Europe, where in the USA it’s more often still in the same state.
Sure, just move to a place whose best restaurant is McDonalds, the available job market is K-Mart or construction, internet is satellite at best, and 4/5ths of the people think the gays are coming to steal their guns.
I get what you mean, but cutting the hyperbolics out, it doesn’t sound too bad. You can’t have it all and I had to make concessions about a thing or two.
As an amusing sidenote, the second worst thing about the town I moved to was the lack of mickey Ds. I have to resort to the Finnish off-brand trash version instead.
It’s not a meme, it’s the harsh reality for many in the West. Not just the US.
And you’re what’s called an outlier.
I applied for a loan. I was told I don’t have a high enough credit score by the bank. So now I’m paying rent instead of a mortgage.
Imma be honest, I’m not from the US so I have only a superficial knowledge of what a credit score is, but I’d reckon that’s something you can affect, no?
Then why tf are you commenting at all???
That’s like jumping into a support group and being like “damn that sucks have you tried not having that happen to you?”
If it doesn’t apply to you why tf are you even here?
Seems like a humble-brag / flex / punching down to me. I don’t buy that they are totally ignorant to what they are saying.
Just saying that despite the memes it’s completely possible for a normal dude to buy themselves a home. I believed the meme until I tried. The more people I get to try buying a house, the more people get to buy a house, making their lives better and landlords lives worse which is a great win-win in my books.
Why fall into despair when there are things you can do to help your situation is what I’d ask you, knowing full well you didn’t answer the question I laid.
The problem is that you’re being extremely naive and ignorant of the rapidly worsening material conditions the majority of people in the west are experiencing. Your suggestion that “there must be something you can do to improve things, why are you whining?” comes across as tone deaf and dismissive.
People are struggling to keep their bills paid, and most are doing everything they possibly can to try and improve their situation, yet are still failing to keep their heads above water. It’s like someone is screaming “Help!! Help!! I’m drowning!!” and you’re screaming back “I’m swimming just fine, isn’t there something you can do to stay afloat? Why are you panicking?”
If the “why are you whining” part is how it came across that’s on me. I meant it more like, “there are always possibilities to improve upon your situation and that is always a better option than falling into hopeless despair which merely keeps you misery”. And no I don’t mean just get a fifth job lmaoo, but literally anything that’s reasonable and realistic.
Nipping off anything off your budget so you can get 20 bucks saved a month is a better option than giving up on the dream of owning a house.
Unionizing for a better pay to get 20 bucks saved a month is perhaps a bit more provocative option but an extremely healthy one at that.
You get the jist. Like I said to the other fella in this comment tree, I’ve been reading into credit rating system during this convo and yeah I start to understand where the high emotions come from.
Affect, sure. In the same way that one can affect having rich parents who support you, thus making it easy to be rich yourself.
Being poor is fucking expensive, and the credit score system is a big part of that.
The credit score system is the yoke upon which the millennial/zennial generation has been shackled while Gen X and Boomers ride the wagon of home ownership and comfortable living due to not having to deal with that bullshit in the 70’s, 80’s, and 90’s.
Idk if that’s a passive or active you, but anyway that level of effect sounds quite large, maybe folk should find ways to make their credit rating better.
But I restate I have no clues as to the inner workings of this “credit rate” and if it’s indeed impossible or otherwise unrealistic to effect, I’m willing to grab an implied L on that one.
How much did you save in that year and what are your monthly costs?
I plugged my numbers into a mortgage calculator while back and I’d have to save like 20% of the total cost to get the monthly payments low enough. I have an okay salary and I’m still not making enough to do that in a year.
I can’t remember the exact figure, it was around 10k I had saved up, so roughly a third of what I had made that year. This was during covids lockdown phase, so I didn’t really have anything to spend my money on other than a savings account. My monthly loan payment is between 700-800€, I was smart enough to get a fixed interest rate which was ridiculous at the time but a literal moneyprinter now.
Yeah, that’s about what the figure I came up with was. Oh well I’ll keep throwing money away on rent I guess.
Alright mate, I hope for you to someday pass the obstacles in your way. Wishing all the best to you!
Congrats on your success though. Didn’t mean to sound bitter towards you if it came off that way.
You didn’t mate, it’s all good, and I don’t consider myself successful for saving money for a year. It appears to have been on a bit of an easy-mode.
Feel like emotions are high here, and I’ve been looking into this credit rating system during this convo and I kinda start to understand the emotions coming off.