Young adults still not buying houses

Commies have the same issue, only more so.

 

Money neither trickles up or down, it simply moves around.

 

Heh, royal we? No, you've consistently avoided answering the questions and have done nothing but deflect. So, are you ready to admit that you were too ignorant to know what the term Anglosphere meant? And are you ready to start a thread about merit based immigration?

 

People with no income still remain poor.

 

See I have a different opinion. And most of this is from observations...the last time you had food delivered was it a young person or someone in their ,30s or older? When you go to a fast food drive thru, same question.

See, I work for a large manufacturing firm as a tool and die maker/prototype engineer. I make a good living, I'm in the high five figures and have broken 6 figures due to overtime a few years. But here is the thing I hate, every year they saddle me with a couple of interns. These are young kids still in college, usually engineering students.

They are smart, but have no work ethics. They think nothing of being late all the time, taking too long of lunches, and disrespect (initially) when they find out I have no degree. I have only ever had one intern make it, that's in 12 years of doing this. Young people are just not motivated to do the things that need to be done. That is why you are seeing middle aged and even elderly people doing jobs that used to be for teenagers back in the 70s and 80s.

 

You do realise you're making NO sense whatsoever, right?

You're commenting on the sorry lack of Americans with decent savings, yet attack anyone who discusses the cause. Very weird.

 

ABSOLUTELY! And all of our kids should be buying property before age 25. It's 100% doable.

 

So? I'd like eat French triple brie with organic strawberries every day, to relieve my stress. But I can't afford it, so I find another way.

 

Of course it would.

 

I know my housing market. I have sold homes since 1971 for my income.
Cheaper interest rates will always drive up home prices but high interests are worse for young first time home buyers. High home prices are a problem. Hi interest rates are poison.

 

$68k won't get you a parking space in Cambridge.

 

I actually know people who were able to buy properties while on welfare. How? By pooling resources (large families sharing a cheap rental property, and sharing all costs), and by living as tightly as possible. ZERO 'luxuries' until that deposit was raised and that property purchased.

 

So you don't buy in Cambridge, obviously. It ain't rocket science

 

High interest rates are awesome (for investors!), and so are high home prices - when you're selling

 

Where can you buy a house for $68k in this country?
Damned if I know.

Move from Cambridge, earn less. Swings and roundabouts.
Plus moving away from family back-up has extra overheads. Travelling, baby sitters, payday loans and so on.


Selling a home for high prices only helps if you don't have to buy another one.

 

In the North? Wales? I've seen little row houses in Northern towns selling for like, thirty thousand pounds.

Even in my country (one of the most expensive real estate markets on earth), it's still possible to buy houses for less than $100k.

 

Useless, no work there and can't sell them on.

Sounds like a cheap place to live, where you are.
$100k will get you a one bedroom flat if you are lucky in this part of the country.

Internet is definitely finding a few houses up north for $50K.
Might be alright for slum landlording.

 

IveI had too many young people come work for me that are just not prepared. They show up late too work, consistently 10 - 30 minutes everyday. They are more interested in the latest game release than buying a home.
There are many ways too live frugally, buy an RV and live in it for a year, most parks are about $375 a month. Rent a climate controlled storage unit, usually less than $200 a month. That is illegal, but it can be done.

Buy fixer-uppers and live in them while renovating. If the home has been you primary residence for 2 years out of the last five. There is no tax on the sale of the home. $125k for single and $250k for married. My wife and I did this twice and we have survived on my income alone for the past 20 years.

It's more of young people are being taught that society owes them, you aren't owed anything. Get off your a$$ and earn it

 

No income vs low income.
managed vs mismanaged income.

 

Of course, it's about the investment. You don't have to live in it

Sadly no, my country is obscenely expensive. A three bed, one bath house anywhere within an hour of a capital city is going to be $1mil. The closer in to the city you get, the further it goes past $1mil. 15 minutes from city centre, you're at $2mil. The reason we still have some properties at less than $100k, is because we're a very big country, and so have some very remote towns.