With chronic illness winning the day here in the good ol' US of A, and now obesity at an all time high (just ask any scale), the best the next generation will ever be able to afford is a skinny home.
I recently discovered that it costs $700 per month just to rent a spot for a camper that has electrical and sewer hookup. The electricity cost is NOT included.
You might think this is on a beach on the coast.
No. It’s in central Ohio on a lake with a playground.
We are now traveling full-time in our motorhome. It cost us about $1500 a month for fees. But still a lot cheaper than renting. And we get to go where we want when we want.
But no one directly pays property taxes or school taxes for living in their own RV or motor home as they would if they were living in a permanent structure.
Correct. And when we Boondock, we don’t pay anyone anything. We’re trying to do more of that and getting solar installed so we can be even more independent.
True, they aren't getting a tax bill, but they're paying the lot owners' taxes when they pay their rent. Any increase in expenses on the lot owner is passed on to the renter.
A camp spot in a state park used to cost about 8-10$ per night. So around $300 for a month perhaps. Some of those spaces included electrical. Bathhouse with real toilets snd showers included too. $700 a month for a single space is robbery.
What in the actual F? How is this not a comedy skit or a makeemup by Jenna? I had to click the link to verify that it wasn't The Onion or Babylon Bee. 🤣🤣
Does everyone else agree that this is all being done on purpose? Housing prices aren't getting more expensive, our money is being devalued. We are literally being robbed blind by inflation. Everything is more expensive because our dollar is turning into toilet paper. It's a crime but we are all too busy and/or too ignorant to know.
When are you going to start your own Amish community Jenna? You can count me in!
What the actual feck! Right on the bullseye, Vee! How the hell can one not see exactly what the hell is happening? Too busy, too ignorant, too stupid, or if the veil dropped one might actually have to see with lying eys?
I cannot even find the energy any longer to feel sorry for the indifferent and apathetic.
I am not even joshing when I say that an “Amish” community is the only sane answer to all this evil insanity!
I have been screaming from the rooftops to plant a garden. Start somewhere on the road to sanity. Do a skills inventory! What do you have to offer that is potentially useful to a community?
I can sew and, in a pinch, do stitches. I had elderly relatives who taught me what they called "skills that shouldn't be lost". How to use a spinning wheel and a butter churn. Canning. Basic weaving. Herbal medicine. All of that Southern Foxfire Book stuff. 😄 I can't grow tomatoes worth a darn though.
I don’t like the way the Amish treat their animals,for the most part…but,a community of like minded souls sounds appealing..however,having grown up in the “hippie era” I’ve spent some time in “communal environments “. It is never what you hoped for 🤷🏻♀️
I'll pass, but it would amuse me to see Jenna in the attire. And that's no intended slight to the Amish. It works for them and they are far ahead of most in many ways,
So I really did think this was the Onion. But it's really there!?! Wow.
But sorry I do think lifestyle creep is part of the problem. Yes, my parents were very much working class and still owned a house. 900 square foot salt box ranch with 4 kids and a dog on an acre where half of it was vegetable garden and summers were weeding, picking, canning and freezing. The bedroom I shared with my sister was the size of a lot of the walk in closets today. We took 3 vacations in 18 years. We had a 19" TV and no cable. One landline phone. Eating out was a treat and rare. The average house when they bought theirs in 1962 was ~1200 sq ft, vs today's average (depending on the source) is 2300 - 2500 sq ft even as family sizes have shrunk.
We have 2 kids, now 30 and 32, both married in 2021. One bought a fixer upper home complete with shag carpeting and yellow linoleum in the kitchen. Cash flowing renovations and mostly DIY and it's been a project. Very frugal living got them there. The other blows money on all the things -coffee, hair, nails, tech, and on and on. And complains about capitalism and says profit is evil, and rents.
Granted we are in the midwest where home prices are not astronomical. "Starter homes" are not being built. Construction costs are growing faster than inflation and student loan debt is a boat anchor for a lot who got degrees that aren't landing them the jobs that could pay them off. Easy credit cards and buy now pay later sucks them in. But I do get irritated by those who call this late stage capitalism and that we are done for as a country. Frugal living and delayed gratification is a lost art.
My sons you tube channel deals with exactly that,,,,the ridiculous spending and debt lives these 20+ somethings complain about it. My son learned from us how to save, invest, use coupons etc but still can’t afford his own house, yet. We bought our first and only house 30 years ago, also needed a ton of work, by scrimping and saving. Small ranch with a yard in nice neighborhood and good school district. Our house is now one of the few remaining tiny houses amongst the McMansions being built. I feel bad for the youth and for the elderly of today.
grew up in 50's where a comfortable middle class life started in Houston with no ac 2 kids 1 car, which my dad took to work. gradually got a larger house and another kid and another car. and eventually a tv. and when we were teenagers a second landline. the expectations of a lot of the 20 -50 year olds around me are astronomical. (and unmet)
Our first home was a 65ft mobil. After our 3rd child, we built our first real home, price tag $42,000, interest rate 10 and3/4 per cent. We lived on plywood floors for years till we could afford real floor coverings. So many sacrifices along the way.
I believe you can still do it…set your goals and establish a reasonable lifestyle.
Amen! About half of my friends kids are homeowners - and they live modestly and bought modest homes. The other half have student loan debt for useless degrees, sip craft cocktails at trendy bars and complain that their hair appt was $300 while staring at their $1000 phone. My frugal kid bought an 'ugly house' in 2021 and my blow her paycheck kid rents and complains about the evils of capitalism.
I don’t consume any of these grocery store items. That was my mother’s fascination. I can’t even call them “food” … genetically modified corn is used as filler in so many processed foods, even instant coffee and it’s doubtful it’s even on the ingredient list, and it gets worse. RFK is the blessing that should’ve happened decades ago,
As far as rents go, they’ve been climbing upward for years. Community living, trading of services, compassion for others will be the only way to survive and AI hasn’t even begun to cause the damage it ultimately will. The oligarchs in control do NOT care about anyone but themselves. Return to nature.
Yes, and all those people who admire him for his money don’t understand just how dark a soul he truly is. From the day Trump hooked up with him, I had major concerns.
You are right on. I live in a relatively poor area in the Bronx, and it occurs to me that people frequently buy cars that are relatively expensive, exactly because home ownership is out of reach, so there is a psychological displacement, the same could be said of $200 sneakers, $100 jeans, and $2,000 cell phones. They are the status symbols for the people who are one paycheck away from being homeless. The care and the cell phones in particular are of interest, because they are a substitute personal space for people who do not have much of that in the physical world. In other words, these substitutes cement people's borderline homeless status, by providing an experience that replaces the dream of home ownership with something else. Now, I have woken up from the dream of home ownership. It is not what it is cracked up to be. Still, these trends speak for themselves. The commissary on the plantation makes sure the slaves stay slaves. It is as Gore Vidal always said, America remains a plantation economy. The plantation just got bigger, but slavery by any other name is still slavery.
Yes, apartment complexes are popping up like mushrooms in my town and I drive by one 'luxury' complex frequently and many of the cars - In a parking lot, not garaged - are mostly new and 2-3X the cost of the 10 YO used paid for with cash cars my hubby and I drive. We 'own' our modest home, but it's a fallacy as if we don't pay our ever rising property taxes for 3 years, the gov will own it.
I'd like to see them get out of lending or guaranteeing loans for college. Loans only drive up the sticker price and the guarantees, coupled with no bankruptcy option, encourage lenders to make loans even to very marginal students who might well be better served elsewhere.
Okay. If someone wants to live where there aren't enough good jobs, work two or three part-time jobs, and spend the bulk of it trying to keep a tiny apartment over their head, whatever. But don't then complain that it's society's fault and the government needs to fix your situation for you.
You know...I guess I am just too old in that i still remember shopping for my 1st house when it was 12% interest rates. Truly folks, it is all about priorities. And cycles. And paradigms. We actually have control of our own cost of living, but we let society norms dictate what we buy. Do we have to buy expensive coffee, the latest phone or gadgets and why the heck are we buying vehicles that cost more that my 1st house? And why go into serious debt for college when you haven't done the research as to what you will earn with that degree? Are housing prices high? Eh...in some areas, but not in all areas. Let me tell you, buying a house is still the surest way to grow wealth. I started out buying a house when I was 30 for 79,000. A small starter house. And over the years, graduated to a bit larger houses. And even bought a farm. Now well in my 60's sold the farm and found a nice rural town to "retire" (We are still working but we want to.) And bought a house worth over 600,000 in most markets but paid $385,000 in this one 2 years ago. And my hubby and I never made more than 80 grand a year. Mostly, not more than 70. It is called equity. Instead of rent, pay yourself by building equity. Look around. With working virtually, many can live almost anywhere. Consider the small town, that is a diamond in the rough. Get creative in your spending. Yes. Takes some doing. But choose not to be a victim of any economy or spending norms. Set your own priorities and work hard to achieve your goals. Power to the thrifty!
Set your priorities, live within your means, have purpose, make things, create a joyful life, and plant a damn garden! I am going to keep yelling from the rooftops! 🤯😩🙄🌟
My husband always says, ‘leave if you can’t find a job, leave if you can’t afford a house’. Young people today don’t want to sacrifice. They want it all.
That being said it’s true that inflation is killing all of us. I see two big problems in this day and age.
I got stuck on "cycles." Keep in mind that interest rates tend to rise and fall in very long cycles. Any of us who had the benefit of essentially 40 years of dropping rates can't necessarly claim genius status for our success in real estate or stocks.
That said, I totally agree with so many of the points you've made!
So funny Jenna! If I drank coffee, it’d be coming out my nose. And yet a sad commentary on how hard it is for today’s kids. I bought my home when I was 36, after paying off undergrad and grad school loans, paying off my car and business loan. Mortgage rates were 10.5 percent. I wanted a house and methodically saved and worked 6 days a week. I’m not sure that’s possible today. I’m also wondering if young people want the responsibility of owning a home. I know a lot of young people that don’t want it. They like to spend money and not save money. I didn’t have help from my parents as they couldn’t afford to help. I married later in life to someone with adult children. We help them quite a bit with buying a house and also contribute to the grandchildren’s education fund. So I’m mixed about all of these matters.
We were homeowners for over 40 years. Built up a nest egg for retirement that will sustain us the rest of our lives. We recently rented in a town we were thinking about living in. The apartment was infested with mold. The landlord treated us like shit. It was a disaster. This is what the overlords want for us. Total control of our lives, even our living space.
And control of your pets' health: demanding "current" shots, as if they have the faintest idea of duration of immunity OR are willing to pay the bills for the pet who gets chronically ill thanks to one unnecessary shot "over the line, sweet Jesus."
In Seattle they released "Maxwell Sleeping Bag Under an Overpass." And for those with more means, "Maxwell Derelict RV." As if those "experiencing homelessness" in this area would give up their pumpkin spice lattes!
One third are opting to rent - that means 2/3's are opting to buy, which is a majority!!
And FYI - Campbells has a research facility near me. I often shop at their store (they own Snyder's of Hanover pretzels and that's the store I go into - it's across the street from the research facility) and they own oodles of brands, not just soup. As a matter of fact, their outlet store has more stuff from their other brands than they do soup (though I can get a can of soup for $.89 there - it's a bargain!. And no, we don't normally eat it but it's good to have on hand for an emergency).
I used to throw a can of cream of mushroom soup & a can of water into a pan of browned chicken thighs and stick the lid on. Vented.
It turned into a pretty dang tasty meal but I was living in a '66 Chevy van with 3 on the tree and cooking it on a propane camp stove...
Might do that again, at the rate things are going, but guess what? It was a pretty fun life and a great way to experience N. America (including Mexico) for a year.
Ahhh, many's the can of Campbell's Cream O' Mushroom Straight Out O' the Can I downed back in the gloryhood of my bachelor days when "the rush of life" precluded waiting for pots to warm and dish-washing was limited to two spoons.
I would raise a can in tribute now to those halcyon days, if She would allow any to be in the house.
My college buddy and I would sometimes split a large can of cream of chicken and a loaf of fresh bread. Total cost was under $2 for us both. Later that night we'd put the savings back into the local economy with the help of our bartender.
“Maxwell Mancave” wins!
I remember seeing an ad for a tent rental in a Palo Alto backyard for $900 a month. So there’s “Mawell Tent in a Tech Bro’s Backyard.”
🤣
With chronic illness winning the day here in the good ol' US of A, and now obesity at an all time high (just ask any scale), the best the next generation will ever be able to afford is a skinny home.
What's Maxwell got for that?
Maxwell Obese/Skinny?
Could that also be Maxwell Homeless Encampment?
Or … introducing “Maxwell Unhoused” for coffee lovers on the go! Never settle for less. Comes with your own tin cup!
A deal not to be passed up! A FREE reusable cup!
Even better if it comes with added BPA!
😂😂😂
🤣
I have awesome camping gear that I bought while living in Portland OR…just in case the roof caved in. I might just end up using it.
Ah yes a Home- the original 24k gold Labubu … Good luck getting your hands on one!!!!!
Hahaha!!
I recently discovered that it costs $700 per month just to rent a spot for a camper that has electrical and sewer hookup. The electricity cost is NOT included.
You might think this is on a beach on the coast.
No. It’s in central Ohio on a lake with a playground.
I about fell over.
We all dream of parking our campers in central Ohio!
We are now traveling full-time in our motorhome. It cost us about $1500 a month for fees. But still a lot cheaper than renting. And we get to go where we want when we want.
And the benefit of no property taxes, right?
And….. since we no longer own a home, we picked Florida as our domicile state. No state income tax, and no tax on my wife’s retirement benefits.
they're indirectly paying property taxes, it's included in the lot rent.
But no one directly pays property taxes or school taxes for living in their own RV or motor home as they would if they were living in a permanent structure.
Correct. And when we Boondock, we don’t pay anyone anything. We’re trying to do more of that and getting solar installed so we can be even more independent.
True, they aren't getting a tax bill, but they're paying the lot owners' taxes when they pay their rent. Any increase in expenses on the lot owner is passed on to the renter.
And you don't have to pay taxes on a piece of land. That's another plus.
...with the fondest of hopes of waking up.
🤣😂🤣
Lol
Lol!
Crazy.
A camp spot in a state park used to cost about 8-10$ per night. So around $300 for a month perhaps. Some of those spaces included electrical. Bathhouse with real toilets snd showers included too. $700 a month for a single space is robbery.
The parasites own it.
Another topic, but good news. https://open.substack.com/pub/conservativeladiesofamerica/p/restoring-safeguards-congress-responds?r=nl3ud&utm_medium=ios
Wow, that only three grande mocha lattes a day.
What in the actual F? How is this not a comedy skit or a makeemup by Jenna? I had to click the link to verify that it wasn't The Onion or Babylon Bee. 🤣🤣
Does everyone else agree that this is all being done on purpose? Housing prices aren't getting more expensive, our money is being devalued. We are literally being robbed blind by inflation. Everything is more expensive because our dollar is turning into toilet paper. It's a crime but we are all too busy and/or too ignorant to know.
When are you going to start your own Amish community Jenna? You can count me in!
What the actual feck! Right on the bullseye, Vee! How the hell can one not see exactly what the hell is happening? Too busy, too ignorant, too stupid, or if the veil dropped one might actually have to see with lying eys?
I cannot even find the energy any longer to feel sorry for the indifferent and apathetic.
I am not even joshing when I say that an “Amish” community is the only sane answer to all this evil insanity!
I have been screaming from the rooftops to plant a garden. Start somewhere on the road to sanity. Do a skills inventory! What do you have to offer that is potentially useful to a community?
Trust me! You need my fishhook and splinter removing skills! 😂
I can sew and, in a pinch, do stitches. I had elderly relatives who taught me what they called "skills that shouldn't be lost". How to use a spinning wheel and a butter churn. Canning. Basic weaving. Herbal medicine. All of that Southern Foxfire Book stuff. 😄 I can't grow tomatoes worth a darn though.
I love it!
It sure feels like it’s by design. Never stop working and pay, pay, pay…. Until
We all cry “UNCLE (Sam) to just take care of us with free bugs and free medical 💉☠️
It’s hard not to see it!!
Agreed this is on purpose,for sure.
I don’t like the way the Amish treat their animals,for the most part…but,a community of like minded souls sounds appealing..however,having grown up in the “hippie era” I’ve spent some time in “communal environments “. It is never what you hoped for 🤷🏻♀️
So the free love wasn't really free?
Like most things,it came with unexpected costs….
some (a lot of) free is way too expensive
Next all we need is another storm/weather/hurricane scare and suddenly toilet paper will be worth MORE than dollars.
I'll pass, but it would amuse me to see Jenna in the attire. And that's no intended slight to the Amish. It works for them and they are far ahead of most in many ways,
Next pandemic I’m buying an Amish dress at a local Amish general store so no one will yell at me for not wearing a mask. No one yells at the Amish.
So I really did think this was the Onion. But it's really there!?! Wow.
But sorry I do think lifestyle creep is part of the problem. Yes, my parents were very much working class and still owned a house. 900 square foot salt box ranch with 4 kids and a dog on an acre where half of it was vegetable garden and summers were weeding, picking, canning and freezing. The bedroom I shared with my sister was the size of a lot of the walk in closets today. We took 3 vacations in 18 years. We had a 19" TV and no cable. One landline phone. Eating out was a treat and rare. The average house when they bought theirs in 1962 was ~1200 sq ft, vs today's average (depending on the source) is 2300 - 2500 sq ft even as family sizes have shrunk.
We have 2 kids, now 30 and 32, both married in 2021. One bought a fixer upper home complete with shag carpeting and yellow linoleum in the kitchen. Cash flowing renovations and mostly DIY and it's been a project. Very frugal living got them there. The other blows money on all the things -coffee, hair, nails, tech, and on and on. And complains about capitalism and says profit is evil, and rents.
Granted we are in the midwest where home prices are not astronomical. "Starter homes" are not being built. Construction costs are growing faster than inflation and student loan debt is a boat anchor for a lot who got degrees that aren't landing them the jobs that could pay them off. Easy credit cards and buy now pay later sucks them in. But I do get irritated by those who call this late stage capitalism and that we are done for as a country. Frugal living and delayed gratification is a lost art.
My sons you tube channel deals with exactly that,,,,the ridiculous spending and debt lives these 20+ somethings complain about it. My son learned from us how to save, invest, use coupons etc but still can’t afford his own house, yet. We bought our first and only house 30 years ago, also needed a ton of work, by scrimping and saving. Small ranch with a yard in nice neighborhood and good school district. Our house is now one of the few remaining tiny houses amongst the McMansions being built. I feel bad for the youth and for the elderly of today.
Would you mind sharing his channel please?
https://youtube.com/@hayden.schreier?si=TV47GGYvbb2QQwaJ
Just subbed.
What a cutie!
Awesome! He has tons and tons of videos on finance and wealth building, some funny ones too :)
grew up in 50's where a comfortable middle class life started in Houston with no ac 2 kids 1 car, which my dad took to work. gradually got a larger house and another kid and another car. and eventually a tv. and when we were teenagers a second landline. the expectations of a lot of the 20 -50 year olds around me are astronomical. (and unmet)
How many Maxwell Apartments does it take to create a Maxwell 15 Minute City?
🎯 For the win! 👍
Maxwell Van Down By the River
Our first home was a 65ft mobil. After our 3rd child, we built our first real home, price tag $42,000, interest rate 10 and3/4 per cent. We lived on plywood floors for years till we could afford real floor coverings. So many sacrifices along the way.
I believe you can still do it…set your goals and establish a reasonable lifestyle.
Amen! About half of my friends kids are homeowners - and they live modestly and bought modest homes. The other half have student loan debt for useless degrees, sip craft cocktails at trendy bars and complain that their hair appt was $300 while staring at their $1000 phone. My frugal kid bought an 'ugly house' in 2021 and my blow her paycheck kid rents and complains about the evils of capitalism.
'twas ever thus.
I don’t consume any of these grocery store items. That was my mother’s fascination. I can’t even call them “food” … genetically modified corn is used as filler in so many processed foods, even instant coffee and it’s doubtful it’s even on the ingredient list, and it gets worse. RFK is the blessing that should’ve happened decades ago,
As far as rents go, they’ve been climbing upward for years. Community living, trading of services, compassion for others will be the only way to survive and AI hasn’t even begun to cause the damage it ultimately will. The oligarchs in control do NOT care about anyone but themselves. Return to nature.
🎯 Elon's data center disaster in Memphis is a perfect case in point:
> https://www.youtube.com/watch?v=3VJT2JeDCyw
Yes, and all those people who admire him for his money don’t understand just how dark a soul he truly is. From the day Trump hooked up with him, I had major concerns.
🎯~ Dark, indeed:
> https://workflowy.com/s/beyond-covid-19/SoQPdY75WJteLUYx#/f75740326d3a
Yes. As Jenna would say, “from 1 to Bill Gates” he’s a Bill Gates.
You are right on. I live in a relatively poor area in the Bronx, and it occurs to me that people frequently buy cars that are relatively expensive, exactly because home ownership is out of reach, so there is a psychological displacement, the same could be said of $200 sneakers, $100 jeans, and $2,000 cell phones. They are the status symbols for the people who are one paycheck away from being homeless. The care and the cell phones in particular are of interest, because they are a substitute personal space for people who do not have much of that in the physical world. In other words, these substitutes cement people's borderline homeless status, by providing an experience that replaces the dream of home ownership with something else. Now, I have woken up from the dream of home ownership. It is not what it is cracked up to be. Still, these trends speak for themselves. The commissary on the plantation makes sure the slaves stay slaves. It is as Gore Vidal always said, America remains a plantation economy. The plantation just got bigger, but slavery by any other name is still slavery.
Yes, apartment complexes are popping up like mushrooms in my town and I drive by one 'luxury' complex frequently and many of the cars - In a parking lot, not garaged - are mostly new and 2-3X the cost of the 10 YO used paid for with cash cars my hubby and I drive. We 'own' our modest home, but it's a fallacy as if we don't pay our ever rising property taxes for 3 years, the gov will own it.
Have you seen the film “The Jones Plantation”? A must watch!
Priceless, thanks!
Keen insight, Roger. 👍
Still reading, but haven't gotten to the part where you admit "Maxwell Apartment" is a joke......
It’s literally not
I had to actually "fact check" this since it seemed so absurd! As usual Jenna nailed it!
😯☕🤔
Renting in 15 minute cities as in Pacific Palisades sipping Maxwell apartment 🤬🤬🤬
🎯
you mean this is REAL?????
Just saw the story of it on Newsmax.
My savings plan is 1. Never ever shop on Amazon 2. Eat the food I grow. This is so sad!
It’s really a struggle and I can’t get my head around the government not offering college loan forgiveness. It is so wrong.
I'd like to see them get out of lending or guaranteeing loans for college. Loans only drive up the sticker price and the guarantees, coupled with no bankruptcy option, encourage lenders to make loans even to very marginal students who might well be better served elsewhere.
3. Live where the jobs are and you can afford to live.
I’m sorry, but I feel compelled to call that bu%^sh%t.
Okay. If someone wants to live where there aren't enough good jobs, work two or three part-time jobs, and spend the bulk of it trying to keep a tiny apartment over their head, whatever. But don't then complain that it's society's fault and the government needs to fix your situation for you.
Your perspective is in a very small box. Circumstances other than “choosing a location “ plays a huge role in employment viability and compensation.
You know...I guess I am just too old in that i still remember shopping for my 1st house when it was 12% interest rates. Truly folks, it is all about priorities. And cycles. And paradigms. We actually have control of our own cost of living, but we let society norms dictate what we buy. Do we have to buy expensive coffee, the latest phone or gadgets and why the heck are we buying vehicles that cost more that my 1st house? And why go into serious debt for college when you haven't done the research as to what you will earn with that degree? Are housing prices high? Eh...in some areas, but not in all areas. Let me tell you, buying a house is still the surest way to grow wealth. I started out buying a house when I was 30 for 79,000. A small starter house. And over the years, graduated to a bit larger houses. And even bought a farm. Now well in my 60's sold the farm and found a nice rural town to "retire" (We are still working but we want to.) And bought a house worth over 600,000 in most markets but paid $385,000 in this one 2 years ago. And my hubby and I never made more than 80 grand a year. Mostly, not more than 70. It is called equity. Instead of rent, pay yourself by building equity. Look around. With working virtually, many can live almost anywhere. Consider the small town, that is a diamond in the rough. Get creative in your spending. Yes. Takes some doing. But choose not to be a victim of any economy or spending norms. Set your own priorities and work hard to achieve your goals. Power to the thrifty!
Amen 🙏❤️
Do not become a victim is the key!
Set your priorities, live within your means, have purpose, make things, create a joyful life, and plant a damn garden! I am going to keep yelling from the rooftops! 🤯😩🙄🌟
My husband always says, ‘leave if you can’t find a job, leave if you can’t afford a house’. Young people today don’t want to sacrifice. They want it all.
That being said it’s true that inflation is killing all of us. I see two big problems in this day and age.
I got stuck on "cycles." Keep in mind that interest rates tend to rise and fall in very long cycles. Any of us who had the benefit of essentially 40 years of dropping rates can't necessarly claim genius status for our success in real estate or stocks.
That said, I totally agree with so many of the points you've made!
Yes!
So funny Jenna! If I drank coffee, it’d be coming out my nose. And yet a sad commentary on how hard it is for today’s kids. I bought my home when I was 36, after paying off undergrad and grad school loans, paying off my car and business loan. Mortgage rates were 10.5 percent. I wanted a house and methodically saved and worked 6 days a week. I’m not sure that’s possible today. I’m also wondering if young people want the responsibility of owning a home. I know a lot of young people that don’t want it. They like to spend money and not save money. I didn’t have help from my parents as they couldn’t afford to help. I married later in life to someone with adult children. We help them quite a bit with buying a house and also contribute to the grandchildren’s education fund. So I’m mixed about all of these matters.
We were homeowners for over 40 years. Built up a nest egg for retirement that will sustain us the rest of our lives. We recently rented in a town we were thinking about living in. The apartment was infested with mold. The landlord treated us like shit. It was a disaster. This is what the overlords want for us. Total control of our lives, even our living space.
And the air we breathe . . . .
The TOXIC poisonous air we breathe! Most rental properties are cesspools of toxins.
Yep
And control of your pets' health: demanding "current" shots, as if they have the faintest idea of duration of immunity OR are willing to pay the bills for the pet who gets chronically ill thanks to one unnecessary shot "over the line, sweet Jesus."
In Seattle they released "Maxwell Sleeping Bag Under an Overpass." And for those with more means, "Maxwell Derelict RV." As if those "experiencing homelessness" in this area would give up their pumpkin spice lattes!
🎯 Nailed it!
One third are opting to rent - that means 2/3's are opting to buy, which is a majority!!
And FYI - Campbells has a research facility near me. I often shop at their store (they own Snyder's of Hanover pretzels and that's the store I go into - it's across the street from the research facility) and they own oodles of brands, not just soup. As a matter of fact, their outlet store has more stuff from their other brands than they do soup (though I can get a can of soup for $.89 there - it's a bargain!. And no, we don't normally eat it but it's good to have on hand for an emergency).
"...for an emergency."
I used to throw a can of cream of mushroom soup & a can of water into a pan of browned chicken thighs and stick the lid on. Vented.
It turned into a pretty dang tasty meal but I was living in a '66 Chevy van with 3 on the tree and cooking it on a propane camp stove...
Might do that again, at the rate things are going, but guess what? It was a pretty fun life and a great way to experience N. America (including Mexico) for a year.
Ahhh, many's the can of Campbell's Cream O' Mushroom Straight Out O' the Can I downed back in the gloryhood of my bachelor days when "the rush of life" precluded waiting for pots to warm and dish-washing was limited to two spoons.
I would raise a can in tribute now to those halcyon days, if She would allow any to be in the house.
😂
My college buddy and I would sometimes split a large can of cream of chicken and a loaf of fresh bread. Total cost was under $2 for us both. Later that night we'd put the savings back into the local economy with the help of our bartender.
We love that shop! Last year was even better, as we bought a $30 for $15 coupon on https://www.clipp.com/
Oooh that's better than the 20% off coupon they posts on their facebook page!