/biz/ - Business & Finance

Shut up millennial. I bought my first home when I was 24 years old. You're just lazy.

>>20633965
sounds like you live in calirado, anon
move somewhere decent

>>20633965
I bought my first house when I was 19. I worked a shitty menial job and worked long hours to afford it. Yes it was a fixerup and needed work and I was doing that too. It's all about priorities. For instance I didn't shell out for internet and went off line for a while.

>>20634002
No, this is in a non-democrat, southern state with relatively low cost of living.
In between Hickville and the major city.

>>20634032
>internet is a luxury you kids can do without
>stop buying coffee and paying for phone service too

>>20633965
I bought my first house when I was 18. I turned tricks to afford it. Yes I was a fuckhole and got worked deep but I bought for 180k now its worth 700K. It's all about priorities. For instance I haven't shit right in decades.

>>20633965
>how are they doing it
They don't think about things like that fren
Most people aren't putting away a dollar a year and don't care one bit about it

>>20634159
This
And rent/property is the ultimate boomer scam
But it is what it is
No way around it currently

>>20634228
The only way out of it currently is going to be an artificially created meat grinder, either global war or civil war, but let's be honest and say that a US civil war will start a global one anyway.

If only in 1965 they didn't decide to flood the country with immigrants, there would still have been plenty of time for the US to reach the stars before the crampness set in. But we chose the Jewish subversion instead.

Why are millennials so entitled?

>>20633965
Post pay stub to add credibility to your story fucktard.

Most girls have only fans and make their rent from thirsty betas.

Maybe not most, but 5 girls on my floor in my apartment complex do.

>>20634091
I'm not a boomer dude and living without excessive shit is virtuous. Cut costs where you can and accept this is the shitty world our parents left us

>>20633991
terrible bait

>>20633965
Took out an AG loan with 0% interest and only 25gs down, got a nice little 4/2 ranch house on 6 1/2 acres. I requested a large enough loan to also cover fixing the place up.

My note is 850 a month. My apartment rent before I moved was 1375.

Then the fun part, I put in 3 large pens that cover about 2 1/2 acres in which I have chickens and some lambs. I've dedicated another acre to growing crops. Then covered my house, and about 600 feet of free standing solar panels.

I get enormous agricultural tax breaks, and crop subsidies from uncle sam. Then on top of that I got tax breaks for my solar equipment. So the money I get in subsidies really means I only pay about 500 a month. Plus the other upside is that I pay for no electricity. I also get to sell my animals when they mature.
Its weird you just have to play the systems game in order to win.

>>20634616
>NOOOO I DON'T WANT TO WORK AT AN AMAZON WAREHOUSE
>NOOOOOOOO I DON'T WANT TO LIVE IN A LOW COST OF LIVING AREA
>NOOOOO I JUST NEED TO KEEP SHITPOSTING FROM MY MOM'S BASEMENT

You fucking drones are all the same and boring as fuck. There is plenty of opportunity if you would fucking do something besides sit on your goddamn ass

>>20634581
why the fuck would you buy a home at 19 years old when you don’t know what the fuck you’re doing with your life. fuck that. the internet is the only thing keeping me from blowing my brains out

>>20634616
>bait
I worked from the bottom up and now make over 100k a year. How about you stop being self loathing loser and put some effort in trying to better yourself. Your shitcoins won't make you rich

>>20633965
You dont live in a low-income area.
You live in a slum in a high-income area.

Move to Ohio. I have a beautiful 1br for $700/mo and starter homes are 60-90k.

>>20634686
We aren't all cut out for the life of a high-class trap escort, but I'm glad you made it.

>>20634642
I'm a few months off an engineering PhD., and I'm this close to just gold panning in the mountains.

>>20634667
Well if living with your boomer parents is unbearable like it was for me, you have two choices: throw money away on rent, or save for a deposit and get your own place.
Having your own place is good because you build up capital while you're figuring out what you want to do with you life (i still donno). You can also get people to share with you and collect more money if that's your thing.

>>20634622
You live my ideal.
Ag loans + tax is something I should look into as my wife and I are buying our first place soon, which we'll homestead on. She'll make babies and tend to the garden while I work and we save 70% of my income for investment into crypto, real estate, and shiny rocks to fund an early retirement.

>>20634076
I live in a major metropolitan area and I can find housing you described for much cheaper. You're retarded and don't know how to search for what you're looking for.

>>20634813
He also doesn't make 27/hr.

>>20634667
And time offline was pretty good in helping me narrow choices down. Online we're always searching for something and there's too many possibilities.

>>20634813
Cle suburbs here. Where you at? Looking for something at 90k

>>20634642
>$15 full time
>$2000 a month after taxes (40 hour week)
>rent, food, healthcare, gas, etc.
>literally treading water, no savings/no emergency fund
>mental health collapsing from working 24/7 to survive with no end in sight
>niggerland USA, every drive home is a d20 roll for survival
>no energy to do anything else when you get home
>”just work more, lazy ass. early bird gets the worm!”
god you are such a fucking fag

>>20633965

Roommates, If you're living on your own you're sacrificing to do so. Most people just eat crap food and let their bodies go. They seem to be doing just fine but you just need to look for the one area they're cutting back on.
Dentistry, Medical, transportation, food, computer/internet,

Cutting out internet at your place, having a job that pays for your phone can save you $200 a month. Things like that,

>>20634849
I’m in CC for cyber security and i enjoy it, there’s just no way in hell i’m getting a house if i’m not guaranteed a job right out of school. it’s not 1950 anymore folks.

I'm working 60 hour work weeks on salary, making $40k before tax.

My section of the company is literally working at 50% profit, has no debt whatsoever, and already has millions in savings. The company could afford to give EACH worker in my department an extra $320k a year and still be at 30% profit.

Meanwhile my bosses have multiple homes, coke and steroid addictions, $300k cars, and their own millions in the bank.

>>20634884
>18.50 after x amount of time
>opportunities to move into different roles
>more than min wage

Anon... you're pathetic.... move out of mom's basement. There are opportunities out there, you just have to work.

>>20634939
That's the thing there are no guarantees anymore. It's not 1950 and hard work isn't as valuable as it used to be. I'm hoping for a moonshot. It's the only thing that would bring sense to clown world. Good luck though bro

>>20633965
>people everyday who seem to be getting by just fine
Literally everyone is drowning in debt. Half the debt is due to poor life choices and the other half is to keep up appearances that everything's fine. But literally everyone is drowning who isn't in the top 10% of the wealth ponzi.

>>20635052
So what do you do then? How are you taking on so much debt but being able to just kick the can down the road? They come for your shit eventually.

>>20634966
This shit doesn’t happen to me personally- i have friends who live this life and it’s miserable. You shouldn’t have to waste the golden years of your life wagecucking to survive. it’s much worse if you can’t find a job after you slave for your degree and are barely able to pay interest. and, surprise surprise, some of our parents don’t want us in the house. shocking.

>>20633965
>putting away $10k per year
there you are. that's why you're not able to justify it.

33% of the population is living paycheck to paycheck, another 20% have less than 6 months in savings.

you want to know how people afford it? they're debt slaves for life with no prospect of retirement or way out of the rat race.

>>20634998
likewise. i’m not hedging it all on crypto but it would be nice to have a platform to launch off of. godspeed, anon.

>>20634622
Can you give more details on AG loans? I saw usda does 0 down loans in towns with less than 30k people and was qualified for like $120k, would pay $180k over 33 years. Was thinking about using that to buy 1-2 acres then building a house from scratch. I figure i can make it really nice for one person.

>>20635114
Then waste your "golden years" doing what you fucking enjoy and quit bitching jesus christ, do you think people at the water plants, power plants, etc want to do what they're doing so you can mooch off them?

The system isn't perfect but you fucking idiot kids need to understand that you have to contribute to society for it to fucking function.

Yes it is not completely efficient, but there is plenty of work if you want to work. If you want to whine and collect welfare, you can do that too.

I started off making 9/hr and worked my way up, get over it. Sometimes you have to SACRIFICE in order to reap rewards.

>>20633965
Most people under 40 or so are not doing that well. Everyone is struggling with crazy rent prices and real estate increases. I have bought and sold multiple properties in the past few years and spend a lot of time on the topic, so I like to think I have some idea of what is going on.

The real answer is that housing inventory has been extremely low for the past 5-6 years while demand has been surging. There are three ways out of this problem, as I see it.

1 - Housing crash. This is the most likely due to demographics and inflated home values.

2 - New boom in home construction - likely only to happen if new technology drives down the prices of construction (labor is too expensive and building supplies are starting to creep up) or there is a massive shift in sentiment away from the cities. We are starting to see this with movements like "tiny houses" and communal living. Only a matter of time before you see people ditch the city to live the cheap socialist utopia meme in the countryside for 3-5 years until reality sets in that it's impossible.

3 - Massive nominal wage inflation. With all the recent money printing this is possible, but not likely.

More than likely it is a combination of these three. Forbearance protection ends at the end of August (though it could be extended again) and you'll slowly start to see an uptick in foreclosures after that. Many homeowners (and Airbnb / VRBO speculators) haven't paid their mortgage in several months at this point. There are also a lot of landlords right now that are doing without rental income and there is a good chance many of those people will decide the landlord business isn't for them and dump the properties once the china virus had run it's course. The foreclosure process takes a long time so I wouldn't expect to see many hitting the market until next Summer-Fall.

>>20633965
OP makes no sense at all. I make 25 an hour and my apt is 1250 and I put away almost 13 grand last year. Yes, I have a small business, but 90% of my revenue is from my job. Maybe stop being a retard and eating 20 dollar lunches every day?

>>20635183
Dad's golden years were stolen from him by cancer and he served the system his whole life. No retirement no reward. Fuck your sacrifice for society. Just import more shitskins and have them do the work you love so much.

>>20635117
correct answer. saving isn't a priority for most people, when you're trying to build a life you realize saving in America is almost impossible. most women don't save, and if they do it's not a lot.

that thing from visa and McDonald's was funny because they only have $600 a month for savings, so even these completely out of touch corporations expect the average american to only be saving $7200 a year. after 5 years that's maybe a down payment on a decent house but nothing great.

>>20635305
I believe anon was referring to his 20s as his golden years.

Similar problem in Aus, I think people just take on a fuckload of debt or have the bank of mom and dad help them out. Housing is an obsession in this country and it really needs to change, most young people even with high paying jobs are priced out. You either rent cuck or kneecap yourself by having an insane mortgage. On top of insane prices everything is built with the cheapest shit possible to flip it, so you are again on the hook for some cheapskates diy project. The whole thing feels like a scam.

Personally I'm just gonna try and invest and save as much as possible and buy when im ready in a location that makes sense. A question I've been asking myself a lot lately is "is the juice worth the squeeze?" You may find wherever you live the answer is no.

>>20633965
Youre obviously on the west coast or some faggy city. I rent a 3 bedroom house in Ohio for 850$ a month fag

>>20634642
there is no where you can afford a house in the US as a minimum wage worker

>>20633965

all you had to do was buy link

>>20633965
Lmao, 27 an hour is a pittance. Get a better job and you will be able to afford an apartment. This is not that complicated lmao.

Reap dividend rewards from Meridian (LOCK), or divvies in general. $5000 or so will net you about $30/day. Work a menial labor job. Don't buy anything, steal from grocery stores in self-checkout if they have it. Pocket your spices (salt, cayenne, cinnamon), they can make untasty things tasty. Don't go on vacation. Don't live in the city.

It's not hard once you accrue enough capital to make money.

>>20635668
Have you tried the ghetto? I saw a house for sale in one once for $2000.

home-ownership isn't all it's cracked up to be, anyway. had a house for 5 years and sold it, living in an apartment for now. i think a townhouse or condo is probably where i'll end up. fuck all the maintenence of boomer single family homes. fuck mowing the lawn. fuck $200+ trips to home depot a couple times a month. fuck losing entire weekends to bullshit house upkeep. fuck raking leafs. and most of all, FUCK JANNIES AND FUCK NIGGERS.

>>20633965
Nothing is structured around single income households. That’s why it’s essentially impossible to do what you’re trying to do.

>>20634076
you better get your ass to Hickville then and save some money

Most people arnt complete losers and have roomates

>>20634111
Checked and keked

>>20635955
having roomates makes you a loser.

>hearing strangers fuck every night
>smelling strangers shit
>smelling/hearing strangers in the kitchen
>having to fake hello and smile to stranger for months / years
>seeing strangers pubes in the shower

>>20633991
Shut the fuck up boomer, I bought my first home when I was 23 and I'm a millennial

>>20634966
>opportunities to move into different roles
Literally never had anything more than a dead end job. Even the jobs I had with "room for advancement" were dead ends
You have to be someone's brother or be a female willing to suck dick

>>20635988
i just recently escaped having roommates
it was fucking hell
i lived with the filthiest man in the world and a girl with BPD. every morning, he would trim his beard while pacing in the bathroom, and just leave hair everywhere. i think he was borderline autistic. and she was fucking insane. constantly picking fights. screaming. literally imagining conversations and confronting me over things i allegedly said
fuck both of them
i would rather die than have roommates for the rest of my life

>>20636054
lol, yeah it does suck. if its not something like you described its something different but just as bad.

That being said I managed to put away several thousand into crypto and grow that by about ~40% in four months
However I work seven days a week. Currently unironically contemplating suicide, not joking

I live in north philly rn.
Got a real comfy spot for 450 usd. No oven but I’ve got an instant pot to make tacos and such. Great hoagies at the end of my street. Really can’t go wrong at this price.

>>20635178
USDA loan only let's you buy up to 1 acre.

>>20633965
Don't live in a blue shithole or city

>>20633965
Nothing that 30 or 40 million more third world immigrants couldn't solve!

>>20636070
i had a friend who had a college roommate - sharing just one room - who would loudly eat peanut brittle and watch The Office over and over, laughing at the same jokes.
i think i wouldve killed myself. just imagine trying to sleep at night, but hearing the loud sounds of peanut brittle, mouth breathing, and obnoxious laughter, as MICHAEL DOES SOMETHING ELSE WHACKY AND JIM MAKES THE FACE AGAIN AND OH NO NOW DWIGHT'S GONNA DO SOMETHING EVEN WHACKIER
its always shitty
people are basically bad, but as long as you dont seem that often, you can ignore. if you live with them, you cant ignore the bad anymore. its there. fully exposed. waiting for you

>>20633965
>I pass by so many people everyday who seem to be getting by just fine, there's barely any houses or apartments for rent since they are all occupied, how in the fuck are they doing it?
Debt. They think it's perfectly fine.

bought a $300k house 4 years ago and just paid it off (just turned 30). zillow says its worth $600k now. I don't even make that much (<200k). Don't fall for the rent meme lol.

>>20635952
If you go to hickville, then the job I have would be 2 hours away without traffic. Even then, hickville rental prices are still at $1000

*siiiiiiiip*
Being a homeowner sure is awesome

>>20633965
It's parental support that makes up 99% of the differential.

Life is so much different when your parents supplied a good, working vehicle at 16 and taught you how to flip it to reduce the cost of your future vehicles. Life is so much different when your parents help you with groceries or rent during college. And obviously life is so much different when your parents buy your first house, or gift you a down payment. One bunk car purchase, one shitty landlord/roommate, one lost job is all it takes to send you down a spiral of increasing costs and decreasing income without that kind of support.

It's the difference between treading water and getting ahead when anyone helps you with transportation/housing/education. You can reduce all the arguments over 22-30/hr. down to parental support.

The worst are you fags who know your parents bought all the repairs on your car and bailed you out of that one huge mistake you made but still insist that since the title is in your name / you paid upfront costs, etc. that you didn't receive help. You know who you are, you arrogant retards.

>>20636295
I hate posting the same unproductive nonsense you whining faggots do though, so let me suggest something to the young people of /biz/. Get your parents help with tangibles. Parents helping you with college will just send you to a more expensive place than you should be able to afford otherwise, and you will bleed more than you know from your own pocket on housing, transport, and feeding yourself. Go to college with your own money to the fullest possible extent, and if you have to rent, pay for it yourself. Then ask for help only if you need it. Save up the goodwill for a down payment on a home, or a repairs to your vehicle, maybe even with help starting a business. Get your parents to assist you with things that increase in value while you're young and stupid with your money. Don't let them subsidize your stupidity or you'll run the well dry faster than you would've otherwise.

>>20633965
I'm 100% in agreement with you.

I think the real, non-meme answer is: most people are going severely into debt to afford a similar lifestyle their parents had. There's no way around it. I have insane student loans, I may never be able to afford a house. My parents will never see the reality of that; they can't. My mom will literally say things like, "Just get a better paying job." Kind of a based boomer mentality but it's painful to know I'll never be able to afford a decent life for my kids.

Maybe that's how it's supposed to be; a couple generations get nice things, a couple generations have to suffer and build for the next. Maybe that's just how society moves forward.

>>20635988
>>20636054
>>20636070
>>20636211
ITT: antisocial narcissists justify their mental illness to each other
have you guys ever tried letting others provoke joy in you instead of being so full of hate

exception goes to the guy with BPD roommate i guess, that shit is stupid fucked

>>20636474
Try living for a year sharing a house with polygamous transexuals, hearing constant gay sex of all kinds and arguments of jealousy even though they say they love their lifestyle, all while you're eating 3 dollars of food a day trying to climb out of a hole you didn't cause.

>>20636529
Why would you ever agree to live with a fucking tranny? They are all mentally ill

>>20636574
Needed an address for a job.

>>20636371
It's your fault for taking insane student loans. Either you should have performed better in high school and got scholarships or you should have went to a cheaper school/went to community college or skipped college all together.

>>20633965
>I live in a relatively low income area and all apartments even with one bedroom are going for $1,200 a month just in rent.
You just live in a bad area for first-time renters or buyers. In AZ you can get studio or 1-bedroom apartments for 600 a month. There are also many condos and townhomes for 700/800 a month.

>>20635804
>just get a better job lmao

>>20633965
You gotta buy a house. Put down some root.