Affordability discussion (split from Iran thread)

[volfanhill]

Everyone wants more affordable housing just not near them. So they vote for local leaders who make absurd demands on builders and that drives costs

 

[marcusluvsvols]

Both of my kids have had jobs all through HS and college. All while playing sports and maintaining a social life. They save, and spend their own money on things they want.

They know we are their backstop and I also will not hesitate or feel guilty about the help we give them.

Sounds like you're doing it right. Not that you care what a stranger thinks. My 17yo daughter is dual enrollment HS/Liberty U and still works 3 days/30hrs a week at a veterinary clinic and she absolutely loves it. I want her to drop 1 day a week because she will still have way more money than what she needs...but for now she is still making all A's and still hits the gym 3 or 4 times a week too so we are tolerating the third workday per week until something slips and she starts showing negative signs in school, home, church, happiness level etc. So far its all good but I think its too much. We will see. My children are everything to me. Good job with yours bud.

 

[Orangeburst]

make it too easy to own and another 2009

 

[marcusluvsvols]

From professional experience, the overwhelming percentage of intermediate/long-term affordability choices are due to poor personal financial decisions....

Spoken like a man who has discussed my taxes with me.

Truer words are rarely spoken.

**also Mojo knows about finances and taxes. He has been counting beans for a couple dogs ages.

 

[OHvol40]

It really is.
It's probably white and unless you're on dark mode, it is invisible. Can highlight to read if you'd like.

I found a way to read it. Just because something CAN appreciate doesn’t mean it DOES. You’re better than that. I’m guessing it largely depends on land ownership, maintenance, neighborhood, and a number of other variables. Is it a sound investment? Maybe, maybe not. Should it be a solution to a housing affordability crisis, excuse me, hurdle? Probably not.

Are Mobile Homes a Bad Investment?

Mobile homes may seem like a practical, affordable alternative to conventional homes, but buyer beware if you’re looking for long-term value.

www.ramseysolutions.com

 

[marcusluvsvols]

I work with several mid twenty year olds that are frequently complaining about cost of living and not being able to buy a house.

All while they show up in new cars with a Starbucks every morning and DoorDash lunch daily. The craziest part to me is how many of them spent money (took out loans) on degrees and do not even work in that field.

My college age GF and prom date went to UNCW for 4years on her parents dime and partied like a Rockstar (I helped a lot). She got a degree in some BS.

She is the makeup counter expert at Macy's. Pretty girl and good at makeup...so she is playing to her strengths for sure. Problem is that I know her parents spent over $150k in tuition and rent etc for 4years to get the same job She could have done at 18 straight outta HS (or Compton). Ouch. Hated her parents though so it doesn't bother me.

 

[McDad]

Some of my best friends are on dark mode.

I was white mode by default but I identity with dark mode.

 

[McDad]

I found a way to read it. Just because something CAN appreciate doesn’t mean it DOES. You’re better than that. I’m guessing it largely depends on land ownership, maintenance, neighborhood, and a number of other variables. Is it a sound investment? Maybe, maybe not. Should it be a solution to a housing affordability crisis, excuse me, hurdle? Probably not.

Are Mobile Homes a Bad Investment?

Mobile homes may seem like a practical, affordable alternative to conventional homes, but buyer beware if you’re looking for long-term value.

www.ramseysolutions.com

You said it was a depreciating asset. It isn't a statement of fact because sometimes it does appreciate.
It's a shame you can't see solutions. Oh well, thats on you. Not me.

 

[OHvol40]

You said it was a depreciating asset. It isn't a statement of fact because sometimes it does appreciate.
It's a shame you can't see solutions. Oh well, thats on you. Not me.

I gave plenty a few posts ago, it’s a shame that yours is sub-par.

 

[McDad]

I gave plenty a few posts ago, it’s a shame that yours is sub-par.

A sure sign of a man out of substantive dialogue.

 

[volfanhill]

I was white mode by default but I identity with dark mode.

From the waist down I hear your white mode

 

[McDad]

From the waist down I hear your white mode

Idk. Haven't seen my lower half in decades.

 

[marcusluvsvols]

I genuinely believe this is a result of poor parental guidance at a young age coupled with public education lacking practical curriculum.

My high school financial planning teacher was a baseball coach who, without exaggeration, played Dave Ramsey videos for all but 5 minutes of each class.

1st...your comment is spot on. 100%.
2nd...lmao
3rd....on the bright side, Dave is no joke when it comes to sound financial advice. No credit card debt you cant pay off each month, no $1000 car payments for 6years or 7. What I have heard from him on the radio was good advice.

 

[BigOrangeMojo]

1st...your comment is spot on. 100%.
2nd...lmao
3rd....on the bright side, Dave is no joke when it comes to sound financial advice. No credit card debt you cant pay off each month, no $1000 car payments for 6years or 7. What I have heard from him on the radio was good advice.

I dont think Dave is too bad. His advice on investments, matching 401K, loaded funds, and annual retirement withdrawals isnt the best but 90-95% is pretty solid...

 

[marcusluvsvols]

The best math class I have taken in my life to this day was a "retard math" at Austin Peay that met the degree requirements. It actually taught us about interest and how it works (and other math that is actually usable). But hey, A squared + b squared = c squared is important!

Hey buddy..
Dont knock the Pythagorean theorem.

If every dumbass carpenter or Mason couldn't pull out his tape and use "3-4-5" to make sure what they were building was square...most of the structures in the world would look like drunk women built them.

Of course just joking. As someone with 30+ years in construction, most of the people using 2legs and a hypotenuse have no idea why it works. Only that it does. Pythagoras was a hero like Archimedes in my book.

 

[hog88]

As someone making under 30k supporting a fiance and teenager..I can tell you from experience that you can live pretty good if you mAke good choices...am I able to put back a ton of money no...do I have a new car no..but in save when I can and have are looking to purchase in the next year or so..it possible when you focus on needs and not want ..quit trying to keep up with the Kardashians and you'll be fine

You’re engaged? That’s great, what’s his name?

 

[OHvol40]

A sure sign of a man out of substantive dialogue.

And a sign of one without any in the first place.

We just gonna tit-for-tat in perpetuity?

 

[McDad]

And a sign of one without any in the first place.

We just gonna tit-for-tat in perpetuity?

Heck no. Im leaving for a cruise tomorrow am.

You can wallow in your angst alone.

 

[hog88]

You know one group in their 20s-30s that I don’t hear complaining the house affordability crisis or the financial challenges that age group is facing . Veterans.

 

[Pepe_Silvia]

So no bet? Alright then, thought so.

You keep championing the tired old boot strap line, that way you are outwardly only responsible for yourself and never have to consider others.

Its crazy how you don't see that this line of thinking is bizarre.

Every individual is responsible for their own life. What anyone else does with their life is their responsibility.

 

[Ritzwatch]

Idk. Haven't seen my lower half in decades.

Mirrors. Two mirrors. That’s enough, then it is just geometry.

 

[hog88]

Heck no. Im leaving for a cruise tomorrow am.

You can wallow in your angst alone.

McDaddy Warbucks

 

[WestTennesseeFox]

Going to be 100 degrees in Vegas next week

 

[OHvol40]

Heck no. Im leaving for a cruise tomorrow am.

You can wallow in your angst alone.

Well, I genuinely value gaining perspective on any issue. I know I’m not infallible, I know everyone has different experience and there is value in learning about and from those experiences. So even though I can get impassioned and even downright condescending, just know I come here for conversation and perspective, not out of malice. You might be right, I might be right, likely a combination of the two… but I digress.

Enjoy the cruise.

 

[McDad]

Well, I genuinely value gaining perspective on any issue. I know I’m not infallible, I know everyone has different experience and there is value in learning about and from those experiences. So even though I can get impassioned and even downright condescending, just know I come here for conversation and perspective, not out of malice. You might be right, I might be right, likely a combination of the two… but I digress.

Enjoy the cruise.

I harbor no animosity against you. In the end, our opinions have no impact on the lives of others.

...unless yall wise up and start listening to me.