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?
this post was submitted on 24 Dec 2025
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i'm not sure i ever held out hope of owning my own home.
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?
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.
I have a suggestion.
TLDR: High density, owned housing, professional management, restrictions on owning other properties.
To avoid HOAs misusing funds, allow people to own, and build high density: build apartments for sale, to be managed by corporation. Corp is funded by reasonable fees set before construction as a percentage of value of property. Apartment owners can vote to fire incompetent managers, otherwise, managers are free to choose how to effectively run complex. Salary is fixed.
To encourage a builder to take on the project, we have 20-50 people sign up to buy apartments. They have to put down a refundable deposit of $100 to get on the list, and $5000 to the builder (applies to down payment) when building starts.
Deed restrictions, created before breaking ground, prohibit ownership of an apartment by:
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any corporation
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any individual that owns another home or is on a corp that owns rental properties (excludes REITs if shares owned is below 5% market cap)
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.
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.
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…”
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.
Hey, I know things are dire, but remember our patron saint Luigi.
I mean you can imagine more than that, my plan is to take loans and credit cards I have no plans to pay back, ball out all over the world and then book a solo sky dive, perhaps over an active volcano and dive straight into it
I mean at least take out some fascist politician or something.
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.
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
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.
Well a house like that would be more expensive as well because it's a turn-of-the-century house (sekelskifte). But a more modern house can easily go for much less. The further from stores, schools and healthcare the cheaper the house.
That's okay, people like Vince Zampella still get their Ferraris to crash into walls at 100mph,
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.
At least almost dead people are getting a tons of money to give to they spoiled grandchild wante into unnecessary stuff
Get ready to buy the dip
I read "clip" at first. As in: "16 in the clip and one in the hole."
The only dip I can afford to buy:
Look at this guy affording name-brand dip
From France even
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.
at this point they're just rubbing it in
Can't imagine why
I bought mine when I was 27. Not a big house but house nevertheless. Didn't want to live in an apartment anymore. Anything is better than that.
How much money did your parents give for the down payment?
I saved up 10k in 6 months towards a house. Saw house prices go up 50k during that same time. Said fuck it and started renting
Fair. We were looking at probably around the same time and then decided to buy a prebuild to lock the price in. By the time it was built a year and a half later it had gone up by about a 1/3rd.