There’s still hope, I just recently bought a home just after turning 40. You just need to put a ton of money into savings, go bankrupt paying medical bills after something bad happens to your spouse, spend 7 years in borderline poverty, and then have one of your parents die the same month they retire and collect their retirement fund.
I hate that the best thing my father ever gave me was his pension.
Calling my pops now. Letting him know the plan.
Our 85 y/o dad is pretty much our only hope for a retirement fund. Only problem is that his parents and relatives all lived to between 95 and 105. And I’m already nearly 50.
your spouse
Yep, no hope lol
Can’t afford anything at all on a single income. :(
just need both parents to die
I can just sleep in my car.
Slightly better than my path.
I bought a house this year, also age 40. To get there, I took a job with a large soulless corporation that is slowly destroying all of us, and then borrowed against all my retirement to get my down payment money.
I just keep saying, “At least I have a house…”
Hey now, I banked $30K in cash and bought a house, all I had to do was have a heart attack, open heart surgery, and move to 100% work from home. 😉
3 years after I stopped driving to the office, paying $21 a day to park, and eating out all the damn time… boom! $30K in the bank!
RTO is the worst thing to happen to the business world since open floor desks.
I’ll never own a home. And I have no family. My only retirement plan is to die before I need to retire.
Duh. This is what unchecked wealth inequality is doing. As retirees sell their house to fund retirements and new properties are built, people with already sizable passive income streams are buying them up to increase their passive income streams by turning them into rentals. If you want to build more, developers need to bid against that same wealth for land, driving up the cost of the units and further driving them into wealthy portfolios. Governments are pretty much fully leveraged after covid, so they’ve got few assets to help subsidize affordable housing, which is often being privately sold anyway and will be sold by those owners later at market prices when these cash strapped families need the money (for retirement or unexpected troubles).
https://youtube.com/watch?v=pUKaB4P5Qns
The squeeze-out of the middle class has begun.
I’ve basically given up on everything. Death is more humble than participating in this culture.
It’s literally my “retirement plan.”
After my older family pass away like my mother, father, and grandmother, I’m taking a trip to the store and buying a shotgun to eat then fucking off somewhere deep into the woods where hopefully no one has to accidentally find me.
If you’re in the US, get the gun now, you might need it for other reasons. Fascists typically try to take the guns at some point. Don’t believe Republican 2nd amendment bullshit. The leaders would love to take the guns, Trump even said as much.
I mean at least take out some fascist politician or something.
I mean you can imagine more than that, my plan is to take loans and credit cards I have no plans to pay back, ball out all over the world and then book a solo sky dive, perhaps over an active volcano and dive straight into it
Why not intentionally overdose on heroin? Yeah you will puke and pee/poop your pants while you die, but it’ll be fucking awesome.
I’m glad I bought my house when interest rates were just barely above 3%. I couldn’t afford my home if I had to buy it today.
This fucking economy sucks and we need to start removing everyone in power forcefully until the problems go away. Then start again.
A .worlder who isnt content to suck on Nancy pelosi’s toes? I think the democratic gaslighting might be running out of gas.
I’m a socialist, so the Democratic party doesn’t typically represent me.
why is anyone paying these experts?
this is ketchup research levels of fuckery
if you’re not part of the solution… which they’re not… there’s money to be had being part of the problem.
They’re being paid by the people who want to exploit us.
at this point they’re just rubbing it in
Yeah. This has been true for basically my entire adult life. Graduated high school in '02 into a job market still fucked from the dotcom crash, got my theater career into gear, destroyed utterly by the GFC. Went from construction to pest control as I was looking for more recession proof work, was a season away from getting my ACE certification… Destroyed by covid-19.
If this was it, I probably could maybe at least have a shot, but then I quit nicotine, fell while feeling sick and dizzy from withdrawal and got a TBI.
I’ll be lucky if I get to continue living in anything remotely as nice as this little apartment I’m in with my brother.
Honestly, almost never had a shot anyway, even without my personal issues.
Mainly the issue is not being able to afford a house, but being able to afford a house close to civilization.
There’s plenty of houses to buy for 5 000 € or less but in places where the closest store is 100 km or more away.Holy shit in the US a one room shack 100km from civilization would be like $80000 plus.
deleted by creator
Well a house like that would be more expensive as well because it’s a turn-of-the-century house (sekelskifte). But a more modern house can easily go for much less. The further from stores, schools and healthcare the cheaper the house.
deleted by creator
and those places arent any better than the cities, small town america is even more corrupt than the cities.
airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.
Even if you had high wages, it’s really difficult with all of this inflation.
Investors in general have driven up prices literally around the world. Whether its abnb, LT rentals, investment vehicles, house flippers, retirement plans, corporate strategy etc. Access to the basic needs of living are being inflated by people playing games with money.
In 2018 I bought a $30000 condo through fannie may, in a really bad part of the city. It wasn’t great, but I had the basic necessities, utilities, bath and bed. Property taxes were under $500 per year. The down side was that I couldn’t just ask people to come over, I had to always watch out for people who were watching me. I had someone let out a burst of bullets outside my bedroom window on easter morning 6am. A car alarm with the level sensor saved me tons of money. It wasn’t the greatest but if we’re talking about survival and living in an RV is outlawed, then gentrification is the next option.
Shit I live in a relatively nice part of the city and we still get occasional bursts of gunfire a few times per year. That’s just part of the American dream.
I live in this weird little cut of houses tucked in the woods but between three different neighborhoods in the city. One day I was raking leaves and found a loaded Glock with an extended mag someone must’ve just chucked at my house.
It was actually in pretty decent shape but no way am I keeping a potentially hot gun.
I would live in a nice sized RV if any fucking city in america woyld let you park the thing. Cities hate RVs
as they should
House me properly or get the fuck out of my way while i do the best i can on my own NIMBY.
That’s okay, people like Vince Zampella still get their Ferraris to crash into walls at 100mph,
So if younger generations have less and less capital with which to enter the housing market, then where does the value appreciation come from I wonder?
House flippers keep buying houses, painting shit white, then selling it to another flipper for 100k more than they bought it for
At this rate HGTV will have turned everyone on Earth into a house flipper by mid next year.
Ready to flip the table
Private equity firms own 10% of all units in the US.
Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.
Yeah, we’ve decided that we’re just gonna pick a house we like and move in. If someone lives there, they can live under it. Got 64 more layers til bedrock, right?
Yeah, don’t know where you’re going with this. But I said I was lucky in the first few words.
i don’t know where i was going with this halfway through the sentence either. yesterday was a weird day
At least almost dead people are getting a tons of money to give to they spoiled grandchild wante into unnecessary stuff
I’m a millennial with a house but no retirement savings, and the WSJ tells me the average millennial has over $1m in retirement assets now, so fuck y’all and your privilege. (I’m just kidding, I know you’re poor too)
Love all those articles that are like “By 30 you should be saving and have this much for retirement by now…”
Like lol the car made a funny noise, $100 doesn’t even hope to fill a grocery cart, and we’re enjoying yet another “unprecedented” planned financial crisis in our lifetimes, what do you want from me here.
I especially love how people continue to have
childrenslaves in such hopeless conditions.
There is no fucking way in Hell the average millennial has even $100k in savings.
lol 😂 what a sick twisted sense of humor.
