/biz/ - Business & Finance

[Anonymous No.9979882]

>that 50 year old millennial who isn't going to make it

[Anonymous No.9979895]

>>9979882
good thing I have stocks so these companies will pay me anyway

[Anonymous No.9979906]

>>9979882
>talk shit about boomers
>waahhhh, why are the boomers hurting our future
congrats on this millenials, seriously

[Anonymous No.9979908]

>>9979895
boomer wisdom

[Anonymous No.9979935]

>>9979906
Old people were better off financially when they were our age.

>didn't have student loans
>didnt have have to compete with third world hordes that have been dumped into the labor market
>Had better opportunities for advancement
>didn't have to deal with nation wide severe housing shortage

[Anonymous No.9979959]

>>9979935
We were better off financially because we were better, sonny ;) #wrecked

[Anonymous No.9979989]

>>9979882
*millenial normies
ftfy

my ol dirty NEET ass will be fine.

[Anonymous No.9980015]

>>9979935
lol there are like 30 empty houses in america for every homeless person. wouldnt call it a housing shortage. its just that you cannot make millions off of the oppressed if there are no oppressed people

[Anonymous No.9980049]

>>9980015
eventually everyone will have a place to live as information becomes more verifiable and free. but im sure it will be made to look like some cuck like trump waved a wand and created the future

[Anonymous No.9980127]

>>9980015
Have you seen how much houses cost now? It's ridiculous.

[Anonymous No.9980139]

also, meth

[Anonymous No.9980182]

>>9979882
As a mid-20s millenial that's living responsibly and has a lot of money saved, this makes me happy. When the wave of dumbasses grows a little older housing prices will surely correct

[Anonymous No.9980201]

>>9980127
How does this shit work exactly?

>1970
>house costs 30k to make
>sell for 110K

>2018
>house costs 60k to make
>sell for 400k

How does this make sense? Why isnt everyone making lots of houses to get rich?

[Anonymous No.9980207]

Help isn't coming... Fuck wasting 30 years of your life to buy a shit house. By an rv and travel.

[Anonymous No.9980267]

>>9980201
Not sure what cost to build has to do with this discussion. Where I live to even buy a plot of land to build would run 100-200k.

[Anonymous No.9980269]

>>9979882
That millennial boomer who still doesn't own BTC

[Anonymous No.9980293]

>>9980207

more like buy land in colorado, dig a well and create a bomb shelter

war is coming

[Anonymous No.9980372]

>>9980201
>Why isnt everyone making lots of houses to get rich?

Urban sprawl and scarcity of land. Cities have spread out far enough, and transportation is an issue in every major city. I pay a premium to live close to the city center so that I don't have to deal with traffic. The same house and lot located in a rural county would cost me much, much less, but, I'd go fucking crazy.

[Anonymous No.9980384]

>>9979935
Jews hadn't fully molested every part of our daily lives back then. That's your real catalyst.

[Anonymous No.9980393]

>>9980372
So.... once flying cars are invented the housing bubble will pop. Interesting. Get out now guys, this shit is only a few years away.

[Anonymous No.9980396]

>>9980201
>Why isnt everyone making lots of houses to get rich?

Zoning restrictions.

[Anonymous No.9980459]

What will really blow people's minds is why today's homes and buildings are made with shit materials and craftsmanship compared to the homes built in the late 1800's/early 1900's.

[Anonymous No.9980477]

>>9980459
Why does everyone keep saying this. They dont look that bad to me. Slate roofs are now rare in favor of tarpaper but other than that they seem fine.

What, specifically, is wrong with them?

[Anonymous No.9980559]

>>9979882
>born American
>after America's golden age

this is why I went all in on crypto meme coins, autists will make me rich

[Anonymous No.9980588]

>>9979882
this is weird because i distinclty remember reading an article recently that said just the opposite, something like "1 out of 4 millenials has at least 100k in the bank" or somethng like that

[Anonymous No.9980660]

>>9980201
>zoning laws inflating prices
>rent control eliminating any reason to build cheaper apartments
>mortgage interest tax deduction
>a slew of policies that lower lending standards and make money cheap to borrow so every nigger can buy a house and keep prices high

housing prices are unsustainable and consumer debt is sky high. prices will come crashing down next recession

[Anonymous No.9980709]

This is what happens when baby boomers manipulate kids into going to college and falling in the debt pit that they can never dig themselves out of

[Anonymous No.9980720]

>>9980393
Flying cars are already a thing. Once the infrastructure is there to support it rural areas will boom and urban areas previously occupied due to traffic and commuting distance will flatline or worse.

[Anonymous No.9980722]

red pills incoming

[Anonymous No.9980731]

>>9980588
>1 out of 4 millenials has at least 100k in the bank
kek. maybe in debt. that's a bald faced lie.

[Anonymous No.9980732]

>>9980588
It's a power law distribution, so you can meme the stats as either "large % x can't scrape together $100!" or "large % x are drowning in money!".

Here, run the numbers for being a 25-29 year old Millenial Boomer: https://dqydj.com/net-worth-by-age-calculator-united-states/

[Anonymous No.9980736]

[Anonymous No.9980740]

>>9980477
proper buildings are made of brick/stone. american shithouse though.. https://www.youtube.com/watch?v=C3iI6S7TuCA

[Anonymous No.9980746]

thats what NEETbux is for

[Anonymous No.9980749]

>>9980731
>A household led by a 25-29 year old with a net worth of $100,000.00 was in net worth centile 88% in 2016. This centile ranged from $98,652.30 to $102,729.05. Around 1,026,147 of the 8,551,226 households in this age range had $98,652.30 or more in net worth.

>A household led by a 30-34 year old with a net worth of $100,000.00 was in net worth centile 74% in 2016. This centile ranged from $98,562.90 to $103,298.45. Around 2,800,743 of the 10,772,092 households in this age range had $98,562.90 or more in net worth.

See what I meant in >>9980732?

[Anonymous No.9980752]

>>9990722
Irrelevant, get out

[Anonymous No.9980763]

[Anonymous No.9980797]

>>9980763
You can thank the baby boomers for creating policies that destroyed the nuclear family and middle class

[Anonymous No.9980805]

>>9980740
>brick or stone
Get fucked in an earthquake.

[Anonymous No.9980818]

we could always just gas the boomers, ya know

[Anonymous No.9980828]

>>9980049
>thinking this

[Anonymous No.9980830]

>>9979882

All because of the boomer's high handedness.

[Anonymous No.9980832]

>>9980722
i like this. what do?

[Anonymous No.9980845]

>>9980393

Imagine what automated cars will do to the car market, specifically the used car market. It will basically eliminate it over night once automated cars cause insurance rates to increase to the point where it’s prohibitively expensive to drive a meat bag operated vehicle. Overnight peoples vehicles will be reduced to the value of scrap metal.

[Anonymous No.9980868]

>>9980797
It's not there fault. This was set in motion centuries ago and we are just now experiencing the late stages of liberalism (democracy, egalitarianism, human rights, individuality, empiricism, etc). We have to live through it so that others can look back and learn from this tragic and poisonous ideology.

[Anonymous No.9980888]

>>9979959

Just to let you boomers know. Us millennials will be in the political system and will undue everything that you boomers have made.

[Anonymous No.9980905]

>>9980805
third world problems. wooden house will collapse as well. even if it didn't collapse. they will rebuild it for 100k and sell you for 400-1000k+. get fucked

[Anonymous No.9980934]

>>9980888
No
Millenials like to protest but not vote
Take a selfie and eat a tide pod

[Anonymous No.9980946]

>>9980934
They don't vote, because they correctly realize their votes don't matter.

[Anonymous No.9980950]

>>9980905
even if it didn't collapse, it will rot and absorb the smell of all your farts accumulated over years.. so you get the picture

[Anonymous No.9980951]

>>9980732
jesus christ america is so fucked. I'm literally living alone in a 1BR apartment browsing forchan in a fucking bear market and still in the 95th fucking percentile. god damn people are fucking worthless.

[Anonymous No.9981008]

>>9980763

This. I make like 100k a year but the cheapest houses are still like 400k wtf

[Anonymous No.9981014]

>>9980934
Yes. Plus cheating in the political system defeats the purpose of the people's votes. Once again. We will undue everything in the political system.

Nice try boomer.

[Anonymous No.9981032]

>>9979882
article aside, memes aside, y'all understand we need to JUST every single boomer out there and just demand crypto, and support crypto in all of our own financial endeavors/services/vending as well, right?
adoption is everything no matter what coin you support... don't forget to support it yourself.

[Anonymous No.9981040]

>>9979906
Fuck you boomers were hurting our future long before anyone was talking shit about them

[Anonymous No.9981053]

>>9980049
>eventually everyone will have a place to live as information becomes more verifiable and free

[Anonymous No.9981066]

>>9979882

Wow, I’m technically a millenifag (30) but don’t identify with one by any means. The boomers bought cheap houses in undeveloped suburbs, houses were always cheap everywhere. Of course, over a few decades those suburbs flourished and have them nice returns. I followed their lead and before saving money in a fucking 401k or any shit like that I bought 2 acres of land in a town 150 miles north of Los Angeles for $25k. I get offers now for 90-120k pretty regularly but I’m not fucking selling. My plot of land now is surrounded by development and in another 10 years I’ll have a few choices, all are great... retire and build my own house in what is becoming a nice neighborhood OR sell that shit for market value which will most likely be 500k soon.

[Anonymous No.9981093]

>>9981066
sell you fucking idiot. real estate will crash within 2 years and you're in the area that will literally crash first.

[Anonymous No.9981099]

>>9981014
BASED! FEEL THE BERN xDDDDDDDDDDDDD!

[Anonymous No.9981102]

>>9981066
>I played the lotto and won, why don’t you do the same?

Wow you really are a boomer.

[Anonymous No.9981213]

>>9980722
I am always amazed by how many see the solution as the #childfree meme and then justify it as embracing some kind of pleasurable compassionate suicide. They would never know compassion. Removing people is like the last line of defense before whatever side the population that has been leveraged decides to start actually permanently removing people. It's an engineered war and all this shit's extremely fucked.

[Anonymous No.9981216]

>tfw max out my roth ira every year with my student loans
>pay off the student loans later on when I make 10x-20x my income now

Being financially creative is really easy if you're not a brainlet.

[Anonymous No.9981245]

>>9981216

What could go wrong?

[Anonymous No.9981260]

>>9980845
why would my insurance increase. I am no more or less dangerous than I was before the robots. By comparison im more dangerous a driver than a machine, but that just means the machines have really low insurance, not that I have higher insurance than I already do.

[Anonymous No.9981291]

Saw some articles as well of boomers saying
> Gen Z is going to replace millenials because they don't bitch about work life balance like entitled millenials do
It's really weird the generalizations about the generations but I wonder how accurate they are if you look at the mainstream, inner city types that the articles are probably written about.

Are the people I grew up with and went to highschool with really like this?

[Anonymous No.9981314]

>>9981245
Nothing, $27500 is literally nothing if only maxing out a roth ira ($5500 max a year)
I'll also be saving my other shekels from working and stipend while I go to grad school, it's just an interest-free loan that is like a financial steroid shot early on in my life that will make me a roided boomer when I retire.

[Anonymous No.9981320]

>>9981260
Even in a very simple scenario your insurance would increase. For example you belong to the meat bag demographic, so your insurance costs more as you are more likely to cause damage due to human error. Same thing is true today, demographics who tend to drive aggressively pay more, etc. Its insuring the element of human error, which will be increasingly costly as fewer humans are driving.

[Anonymous No.9981328]

>>9980722

Bring this retarded

[Anonymous No.9981330]

>>9981320
So I would pay more than the robots. I still would not be paying more than I am right now though. I havent suddenly become more dangerous.

[Anonymous No.9981358]

>>9981314
really doesn't feel like there'd be much of a benefit here. did you crunch the numbers on this? do the IRA returns outpace your interest rates by a decent margin?

[Anonymous No.9981372]

>>9981330
This. If anything you might see a decrease in rates because robots would be more predictable, reducing the rate of human caused accidents that'd currently jack up your rate.

[Anonymous No.9981379]

>>9981330
That’s not the only thing insurance is based on, it’s just an example. If a state legislature modifies motor vehicle law to the extent that insurance companies are required to carry greater coverage, which is likely once automated cars reach mainstream adoption, then this alone will likely make meat bag vehicles prohibitively expensive to drive. Leaders of ride sharing companies talk about this regularly as well and is expected to happen in about 10 years.

[Anonymous No.9981441]

>>9980740
>proper buildings are made of brick/stone.

his. 200,000-400,000 dollars for a pile of sticks, tarpaper and cheap siding....plus mortgage, mandatory insurance, property tax, heath insurance rip usa

[Anonymous No.9981443]

>>9980740
That really doesn't look too bad other than the roof. They stuffed in a lot of gimmicks like stone cladding on the walls but whatever. I would expect that building to survive a century or more if some maintenance is done on the roof every now and then.

[Anonymous No.9981500]

>>9981291

Pretty much every article like this is written by New Yorkers, about New Yorkers, for New Yorkers. Maybe some smattering of LA in there too, but near as I can tell it's why they always comes off like it's written by aliens.

[Anonymous No.9981502]

>>9980934
If there was a ballot to end social security I would show up the night before and camp out in front of the polling place in a tent like those fags do for the new iphone

[Anonymous No.9981526]

>>9981358
1. You must not understand that subsidized student loans have no interest until 6 months after graduating
2. S&P 500 annually performs 8% on average
3. I am not just blowing my money to pay for school, which is a major issue with youngfags that delays their financial futures a lot because they must delay saving/investing until after paying off student loans.
4. A degree in something difficult, but provides great career prospects can take 5 years to do if you're working while going to school (internships ideally). This is how you should be covering your living expenses.
5. You'll probably be making 2x minimum wage as an intern if you chose the right field, allowing you to start saving money.
6. If you go to grad school, as I intend to, there is a living stipend, grants, scholarships available if you're not a loser. (Enough to cover all your student loans,max out your roth ira, and save).
8. A PhD takes typically 5 years btw
9. If you saved, paid off your student loans before graduating, you have just came out ahead in life because you gained 10 years of compounding wealth vs the poorfags who are paying off student loans well into their 30's and 40's.

[Anonymous No.9981549]

>>9981526

So you’re basically banking on a lot of assumptions and outcomes you have no control over. Might work, might not.

[Anonymous No.9981563]

>tfw you have to work full time for 10 years without spending a cent to buy a house that isn't even made out of bricks

[Anonymous No.9981580]

>>9981549
I think you're too naive to understand what I am doing. Time in the market is how my plan works, not predicting the future because I don't intend to cash out for 30-40 if I ever intend to retire.

[Anonymous No.9981599]

>>9980477
Everything looks good when you put a nice coat of paint or veneer over it.

Chip/particle board is now used instead of solid wood. Wooden doors are hollow. Flooring is made from recycled paper. Window frames are made from plastic. Water heaters last only a few years. Exterior paint last only a few years.

[Anonymous No.9981605]

>>9980293
When tho?
Probably wont make much difference though, I don't live near a city and no all sorts of hideaway spots in the mountains I live in.

[Anonymous No.9981607]

>>9981580
you sound like someone I'd never want to spend any time around because it would just make me want to off myself. anyways good luck with your scheme I hope it works out. I'm sure it will for an intellectual like you.

[Anonymous No.9981617]

>>9981599
This.
Modern housing construction in the US is a joke.
We used 2/3 of the easily accessible timber by the 1980's in the US by then and congress passes legislation banning logging in most forests.
From then on, companies started using cheaper, shittier, methods of house construction.

[Anonymous No.9981660]

>>9981599
You are completely full of shit. Plywood has been in use for at least half a century and is very strong. Particle board is a joke and no one uses it for anything. Wooden doors are hollow so they are easier to open. Flooring is generally hardwood covered in polyurethane or tile over cement. Window frames are made of UV resistant plastic and will easily last decades. Water heaters last decades, especially if they use gas heating. Exterior paint last decades, likely far, far longer than paint from the 1950s because of improvements in chemistry.

[Anonymous No.9981831]

>>9981660
Tract home IDF pls go.
If you don't see the wide corners being cut by today's constructors, and can't imagine how those houses will age a decade or so later, please buy yourself a nice double wide.
It's essentially the same thing.

[Anonymous No.9981969]

They don't have to worry, half of more of us will die during the next civil/race war or be wiped out by some plague engineered to cull world population.

[Anonymous No.9982076]

>>9980722
boy you just don't work hard enough!

[Anonymous No.9982078]

>>9981660

[Anonymous No.9982101]

>>9982078
Yes, sometimes houses burn. Reinforced concrete would be better but is more expensive. If you get a sprinkler system installed (as is mandatory in most states) it wont happen.

[Anonymous No.9982175]

>>9982078
lul amerifags have no idea how to build a house. I am a eurofag where I live everything is built with solid brick. That's it, only brick and I don't care about wind, rain, fire or w/e shit comes my way lul

[Anonymous No.9982177]

>>9982101
i ll pay 5 dollar tops for this piece of shit

[Anonymous No.9982205]

>>9980015
>>9980049

kys you commie cuck

[Anonymous No.9982243]

>>9982175
even with all the student loans they didn't teach anon about the Great London Barbeque of 1666.

[Anonymous No.9982285]

>that 25 years old boomer who spends his wages on shitcoins rather than invest in reliable assets generating cash flow like snail farms

[Anonymous No.9982336]

>>9982175
same here
live in a house with 65cm (2ft) brick walls, feels comfy like in a rocket silo. zero fucks what's going on outside

[Anonymous No.9982348]

Trump and the retards at /pol/ unironically believe this is the best economy in the history of America

[Anonymous No.9982425]

>>9979935
boomers didn't have crypto, and this is the bottom of the first selloff

unironically literally once in a lifetime opportunity for neets

[Anonymous No.9982588]

>>9980293
my American dream

[Anonymous No.9982653]

>>9982348
Nobody believes that, but at least its going in a better direction than the bullshit we've grown up with

[Anonymous No.9982702]

>>9982078

Me on the left.

[Anonymous No.9982964]

>>9981330
I'm not sure you understand how this works.

When automated vehicles become the norm. Research will come out that proves human operated vehicles are more prone to accidents. It will also be proven that humans are prone to damaging autonomous vehicle operations, due to being unpredictable. Once automated vehicles become the majority having human drivers will become a liability thus raising the prices.

Manual driving will be an expensive luxury.

[Anonymous No.9982965]

>>9980459
Well I don't agree. I've lived in a 1800s bourgeois flat for 3 years and modern flats are better quality in every way. The only good thing in old flats is the little details like wooden engravings or marble chimneys. However, let's not talk about insulation or anything related to plumbing, electricity or phone.

[Anonymous No.9983001]

>>9980182
You sound like mid-20s boomer

[Anonymous No.9983109]

>>9982964
Insurers are going to lobby the government to make autonomous cars mandatory if they are verifiably safer. Think it won’t happen? Why are backup cameras required now

[Anonymous No.9983226]

>>9979882

[Anonymous No.9983319]

>>9983109
Insurers prey on human error and fear. If they get robot cars, they will have to negotiate with a corporation backed by statistics, instead of average low iq Joe. why would they want to lobby anything like this?