I’m giving up on the idea of living, nevermind getting a house.
Don’t give up. If you do, your enemies win. Fight until your last breath.
Things will get better, but the night is always darkest before the dawn.
Us Millennials sure do love destroying industries by non-participation such as… lemme check my notes here… housing. Pack it in, chaps, another job well done.
Older than millennials and accepted that I’ll never own a home. This is despite having money. Not where we want to live, anyway.
We could swing it if we accepted living in a shithole like Utah, but then I’d hate my life.
I sold my house in Utah and bought a better one for less back east. Utah is indeed a shithole, but property there is expensive as fuck.
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.
People spent years trying to work out why life expectancy in Okinawa was so high. Turns out it’s their high rate of pension fraud.
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.
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.
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…”
Am 43. Owned a falling-apart trailer for two years til it leaked enough carbon monoxide to almost kill me. Couldn’t afford maintenance. I have one Aunt left to live with and when she passes I’m expecting to be homeless again. I’ll never afford my own home. Yes, I’ve looked up “assistance” for disabled and therefore low income ppl in my area, and many other areas as well bc I’d move for a home again in a heartbeat, but that stuff simply isn’t funded anymore. I feel like I’ve been moving from one family to another who will temporarily adopt me for the last 15 years.
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.
I just bought the cheapest house that was bearable to live in. It was $40k cash.
It’s very hard to find single-family dwellings that are small enough to be cheap enough…
Where is this 40K house? Does it need 100K in repairs?
I haven’t seen 40k, but at least near me, if you’re willing to live way out in the country there’s still a few around the 60k to 70k range.
The tricky part is finding a house like that AND finding a job in the area. Remote work would be spotty if you are relying on satellite internet
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.
The squeeze-out of the middle class has begun.
The squeeze-out began in the 1970s and is in full swing.
But but 50 year mortgages. Pounce now and you can own by 90
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
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.
I mean at least take out some fascist politician or something.
Hey, I know things are dire, but remember our patron saint Luigi.
seriously, if your gonna kill yourself you might as well take out the worst scumbags around before you do
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.
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 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
Honestly the best thing that’s ever happened to me in my career is the AI bubble. not because it’s a good thing, it’s a god damn horrible thing, and because it sucks I’m making money now fixing other companies reliance on it. that’s it. Without that I’d probably be unemployed right now.
Now i’m just saving pretty much everything I make because I need to finish before the bubble bursts. I’ve essentially entered myself into a race that I NEED to win very soon.
Do you mind sharing where I can find such a role and what the title for such jobs is, I’m currently unemployed software engineer but I need to start saving for the upcoming recession as well
like it or not Linkedin unfortunately. Prior to what I do now I was just a regular consultant dev and decided to pivot to essentially being a sort of “digital janitor”. I had an existing client base but those clients were smart enough to not even bother with leveraging LLMs for their work, they already had a solid team of developers. Some work I got via client referrals but most was honestly just posting comments/small blogs on Linkedin and arguing with tech bros. Tech Bro posts their usual BS AI slop, I’d reply saying how idiotic and wrong they were, other companies took notice and figured “ok we’re in a bind, this guy seems to know what he’s talking about, lets get on a call with him”
Remember most of these AI tech bros are out of work middle management wannabes so get in their threads and call them out. Many small dev houses and startups are currently trying to snuff out LLM fires but are afraid to admit they fucked up due to investors, clients, and what have you so they’re not going to out right post jobs stating they need help with it. you have to let them know you’re out there. Post on linkedin, cold email places, etc. Also highlight the fact you do code review on your resume. This is one skillset that is massively in demand right now because of LLMs. Not everyone can do it and do it well but it’s something that isn’t that difficult to get good at. You pretty much have to be willing to become a freelancer/consultant and take on several clients at once and then build your reputation. After awhile if you’re good at it you won’t need to advertise your services anymore as word will spread and clients will be beating down your door hoping you can save them. I’ve been booked solid for almost the past year. And it’s not hard work at all either, dare I say doing what I do now is 10x easier than just doing regular dev work because the vast majority of issues are all the same. Client leverages AI for an end to end build, it doesn’t scale, way too many exploits, a series of #TODOS that the LLM claimed were complete but weren’t even started and the “vibe coder” behind it all didn’t know any better. it’s the same song and dance with each company. You’ll eventually end up doing maybe 3 to 4 hours of work a day just reviewing code and writing reports and then fuck off and play a videogame or something.
Yeah it makes sense they wouldn’t want to admit making a mess with AI, I’ve never worked as a independent contractor before and I avoid linkedin like a plague, but I might need to start working on that going forward
trust me I hate Linkedin as much as the next person. research what you need to do in order to be a contractor (i.e. taxes being a big thing to remember) and just deal with the bullshit that’s linkedin. You’re there just to have clients find you. Don’t use it as a search to find people because like I previously said and you pointed out they’re not going to openly admit they fucked up and trust me even when you do get on a call with them or email exchange in a funny way they still won’t openly admit they fucked up and will continue to tip toe around the fact. It’s almost comical.
I’m interested as well
I’m a millennial homeowner and the only way I managed to do so was after getting a toehold in a cheaper market.
I have almost 200k put away and it isn’t enough.
EU has countries where 200 is sufficient for a good house. Government is a bit better too.
Costa Rica will give you an immediate permanent residency if you bring that capital over to them. But please for the love of god learn Spanish and embrace their culture if you move. That country is remarkable and it needs to stay that way.
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
Private equity firms own 10% of all units in the US.
At this rate HGTV will have turned everyone on Earth into a house flipper by mid next year.
Ready to flip the table
At this point it’s easier to join a movement to tax private ownership of essentials, than saving for a home
