I’m 33… listened to ALL the boomer advice I could get. Worked hard in a trade… saved money… went without tons (internet, streaming, car, smart phone, eating out)… avoided ALL debt…
After several years living like this I was able to buy a very reasonable home in a good neighborhood with a VERY small mortgage (lots of cash down). I just bought a second property and built a small home on it. 2 homes by 33, one with a mortgage less than a third of rent one I own cash out. No other debt.
The Boomers have GREAT advice. People just want to skip to the end. Boomers went without almost everything we take for granted today. Internet, phone plans, cable, college, ext were not really things for them. And homes were much smaller (less bills, less taxes, lest build cost). It was easier for them to save their money. Today we need to choose to go without to save.
Today everyone wants a McMansion. No one wants to go without. People think 100k college debt for a low paying job is necessary. They turn their noses up at the trades. They refuse to walk, bus, bike to work. They don’t want to save up. They just want to bitch about how hard it is for them.
Edit: just found out, I am actually 34 years old lol
Millennial here. While the housing market is supremely fucked, this advise still checks out. Home ownership is not wholly unobtainable (yet), and we might even be seeing a housing crash coming. Skip college, learn a trade, be your own man.
Perhaps I just had better role models than you. The boomers in my life advised me to go into a trade, avoid debt, and buy a SMALL house after I save up a substantial down payment to keep my mortgage short and small. I can always buy a bigger house down the road when my first house gets more value.
“"Housing prices always go up, own more than one"... That's some boomer shit.”
That is GREAT advice, why scoff at it? Following the advice of the boomers in my life I was able to do it. I’ve been working a trade for less than 10 years and my wife is a home maker/ home schooling mom. We are by no means rich. We just work hard and save our money. We did this while raising two kids.
But fyi, I have friends that got fucked over by the tenants not paying rent thing… I was/ am against it.
The property taxes on my first home are almost nothing (because I qualify for a homesteads exemption for my state. And what LITTLE I do pay is MORE than made up for with the crops and animals I can raise being a property owner.
My 2nd property is an emergency / investment property. I wanted a property/ home I owned in cash, so I paid for 2 acres of land that had no zoning and built an off grid home all in cash. Being in an unincorporated area taxes are minimal (less than $50 a year).
So… I’m good. But if you think property tax make home ownership not worth it… why are you bitching about how hard it is to own a home?
FYI, TONS of assets require annual payments… cars, planes, trucks, boats, RVs, most animals, and trailers. Not to mention almost ALL assets require a place to store them… so you’ll need to rent or own a place to keep all your assets.
Enjoy paying for your landlords property taxes, chump.
I’m 33… listened to ALL the boomer advice I could get. Worked hard in a trade… saved money… went without tons (internet, streaming, car, smart phone, eating out)… avoided ALL debt…
After several years living like this I was able to buy a very reasonable home in a good neighborhood with a VERY small mortgage (lots of cash down). I just bought a second property and built a small home on it. 2 homes by 33, one with a mortgage less than a third of rent one I own cash out. No other debt.
The Boomers have GREAT advice. People just want to skip to the end. Boomers went without almost everything we take for granted today. Internet, phone plans, cable, college, ext were not really things for them. And homes were much smaller (less bills, less taxes, lest build cost). It was easier for them to save their money. Today we need to choose to go without to save.
Today everyone wants a McMansion. No one wants to go without. People think 100k college debt for a low paying job is necessary. They turn their noses up at the trades. They refuse to walk, bus, bike to work. They don’t want to save up. They just want to bitch about how hard it is for them.
Edit: just found out, I am actually 34 years old lol
Millennial here. While the housing market is supremely fucked, this advise still checks out. Home ownership is not wholly unobtainable (yet), and we might even be seeing a housing crash coming. Skip college, learn a trade, be your own man.
Perhaps I just had better role models than you. The boomers in my life advised me to go into a trade, avoid debt, and buy a SMALL house after I save up a substantial down payment to keep my mortgage short and small. I can always buy a bigger house down the road when my first house gets more value.
“"Housing prices always go up, own more than one"... That's some boomer shit.”
That is GREAT advice, why scoff at it? Following the advice of the boomers in my life I was able to do it. I’ve been working a trade for less than 10 years and my wife is a home maker/ home schooling mom. We are by no means rich. We just work hard and save our money. We did this while raising two kids.
I don’t own rentals… so that doesn't apply to me.
But fyi, I have friends that got fucked over by the tenants not paying rent thing… I was/ am against it.
The property taxes on my first home are almost nothing (because I qualify for a homesteads exemption for my state. And what LITTLE I do pay is MORE than made up for with the crops and animals I can raise being a property owner.
My 2nd property is an emergency / investment property. I wanted a property/ home I owned in cash, so I paid for 2 acres of land that had no zoning and built an off grid home all in cash. Being in an unincorporated area taxes are minimal (less than $50 a year).
So… I’m good. But if you think property tax make home ownership not worth it… why are you bitching about how hard it is to own a home?
FYI, TONS of assets require annual payments… cars, planes, trucks, boats, RVs, most animals, and trailers. Not to mention almost ALL assets require a place to store them… so you’ll need to rent or own a place to keep all your assets.
Enjoy paying for your landlords property taxes, chump.
No you didnt.you are welfare cheetos at moms.