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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. :(
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…”
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.
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.
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
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
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.
at this point they're just rubbing it in
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.
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.
My uncle is retired so the distance didn’t really bother him. He bought a 1200sq/ft(~111m^2^) 1 bedroom 1 bathroom house built in the 1890’s in a town with a population of about 900….It was still $87K. So you were pretty much right on.
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 would live in a nice sized RV if any fucking city in america woyld let you park the thing. Cities hate RVs
That's okay, people like Vince Zampella still get their Ferraris to crash into walls at 100mph,
airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.
But but 50 year mortgages. Pounce now and you can own by 90
At least almost dead people are getting a tons of money to give to they spoiled grandchild wante into unnecessary stuff
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?
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
I'd love to buy a home
I just can't do it any time soon due to ballooning prices where I currently live
Get ready to buy the dip
The only dip I can afford to buy:
Look at this guy affording name-brand dip
From France even
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.
I have so much debt that I'm certain this regime will fuck up and make it worse for me, there's little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I'll never own a home, never retire, I barely have a comfortable life. Tell me what I'm not doing what those intrusive thoughts are telling to do again?
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)
Mate, there is no chance the average millennial has over $1m in retirement assets. The average Gen X doesn’t have that much and we have been working a lot longer.
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.
Can't imagine why
