A Quarter Of Millennials Living At Home Neither Work Nor Study

[Mantis Toboggan M.D.]

Just moved in with my chick in Kissimmee from dr Phillips . We probably gonna look for houses in hunters creek in a few years. Lake Nona looks like a dope spot too

Nona isn't bad. Hunters creek is nice. The homeowners association is a pain in the ass, but it's a good place to live. All the schools are close by, all the stores and restaurants that have good lunch and dinner specials (hit up azteca in south chase on obt and padrinos right by the hunters creek ale house for good Mexican and Cuban food respectively) are close by, its right near the 417, the 408, I-drive, and the interstate. Also a top shelf pizzeria on the corner of town center and John young called a slice of New York. The owners ship the ingredients from up here so it's as good as any of the shops in the city or Nassau county. Also a lot of the houses have pools and come with screen houses to keep the bugs out.

 

[Shogun]

I bet they have plenty of time to make hundreds of thousands of post on the coli and read twitter all day.

 

[CACtain Planet]

home ownership isn't the same investment it was in the past

The source of wealth is home ownership, weather for flipping, renting, or primary dwelling purposes..Throwing away money on traveling before securing a base is shytty..You obviously dont know the benefits of homeownership as it pertains to taxes, equity, etch:outtahere:

 

[blotter]

The source of wealth is home ownership, weather for flipping, renting, or primary dwelling purposes..Throwing away money on traveling before securingbase is shytty..You obviously dont know the benefits of homeownership as it pertains to taxes, equity, etch:outtahere:

I was relieved to get rid of my first one breaking even. and it's worth less now than seven years ago per market estimates. That equity goes real quick when you're constantly fixing shyt and moving to further your career and renting to people who don't take care of your place. Please tell me more about what I don't know while using 'weather' in place of 'whether'

Haven't seen it mentioned but houses have gotten bigger in general and driving cost up too

I live on land with a couple of large shops, greenhouses, nothing to maintain, land is paid off, property tax is low because there isn't a dwelling. Not many people want to live in the cut, but in some of these medical states it's not a bad way to get by. I know everyone is rich on the internet and not on the wrong side of the dual economy, but lot's of people are struggling to get by in real life working shyt jobs, people starting off in cities where there are high paying jobs have to compete with people already in the market looking to buy places to rent out for 3k/month.

tell me what happens to your equity when interest rates go up again? We've been addicted to home ownership as a means for growth, which is also the main reason people haven't been in the streets over stagnant wages the past 30 years. We've been subsidizing housing for a while, it caused an artificial bubble that made everything more expensive. Buying in to this inflated market just aint what it once was. That's a fact no matter how much you talk down to millennials about spending wisely.

 

[CACtain Planet]

I was relieved to get rid of my first one breaking even. and it's worth less now than seven years ago per market estimates. That equity goes real quick when you're constantly fixing shyt and moving to further your career and renting to people who don't take care of your place. Please tell me more about what I don't know while using 'weather' in place of 'whether'

Haven't seen it mentioned but houses have gotten bigger in general and driving cost up too

I live on land with a couple of large shops, greenhouses, nothing to maintain, land is paid off, property tax is low because there isn't a dwelling. Not many people want to live in the cut, but in some of these medical states it's not a bad way to get by. I know everyone is rich on the internet and not on the wrong side of the dual economy, but lot's of people are struggling to get by in real life working shyt jobs, people starting off in cities where there are high paying jobs have to compete with people already in the market looking to buy places to rent out for 3k/month.

tell me what happens to your equity when interest rates go up again? We've been addicted to home ownership as a means for growth, which is also the main reason people haven't been in the streets over stagnant wages the past 30 years. We've been subsidizing housing for a while, it caused an artificial bubble that made everything more expensive. Buying in to this inflated market just aint what it once was. That's a fact no matter how much you talk down to millennials about spending wisely.

So are you suggesting that millenials throw away $1500-$300 on rent every month as a means to building wealth:Petty:

 

[NY's #1 Draft Pick]

The source of wealth is home ownership, weather for flipping, renting, or primary dwelling purposes..Throwing away money on traveling before securing a base is shytty..You obviously dont know the benefits of homeownership as it pertains to taxes, equity, etch:outtahere:

You finally post something worthy and fukk it up with a Donald smiley

 

[ThaBronxBully]

We Live In A Generation That Refuses To Let Go Of Their Cartoons, Video Games, Wrestling And Zip Up Pajamas So Its Not Surprising lol

edit:

And I'm Not Saying Any Of Those Things Are Bad But, When It Consumes Your Everyday Life And You Become A 20-30 Year Who Acts Like A 12 Year Old With Nothing But Free Time And A Nice Allowance Don't Be Surprised When Your Kid Ways Lead You To A Kid Like Life.

 

[NY's #1 Draft Pick]

Nona isn't bad. Hunters creek is nice. The homeowners association is a pain in the ass, but it's a good place to live. All the schools are close by, all the stores and restaurants that have good lunch and dinner specials (hit up azteca in south chase on obt and padrinos right by the hunters creek ale house for good Mexican and Cuban food respectively) are close by, its right near the 417, the 408, I-drive, and the interstate. Also a top shelf pizzeria on the corner of town center and John young called a slice of New York. The owners ship the ingredients from up here so it's as good as any of the shops in the city or Nassau county. Also a lot of the houses have pools and come with screen houses to keep the bugs out.

Lol I went to padrinos the other day. Not a bad spot to eat.

 

[Mantis Toboggan M.D.]

Lol I went to padrinos the other day. Not a bad spot to eat.

I never made it to their pig roast on the second Saturday of the month . Been up here 11 months and still can't find a good Cuban restaurant in place of them.

 

[blotter]

So are you suggesting that millenials throw away $1500-$300 on rent every month as a means to building wealth:Petty:

I'm suggesting conditions have changed and buying a home was a much better *investment* for our parents and grandparents. What people do in their situation is up to them, I'm not going to judge someone in their late 20's wanting to travel the world or live in a small apt in the city over buying a house an hour outside the city they work in.

 

[CACtain Planet]

I'm suggesting conditions have changed and buying a home was a much better *investment* for our parents and grandparents. What people do in their situation is up to them, I'm not going to judge someone in their late 20's wanting to travel the world or live in a small apt in the city over buying a house an hour outside the city they work in.

You keep saying this but you havent provided any real proof...

Even after the tremendous decline in housing prices and the rising wave of foreclosures that began in 2007, homeownership continues to be a significant source of household wealth, and remains particularly important for lower-income and minority households. As has become painfully clear, owning a home is not without risk. But even during a time of excessive risk taking in the mortgage market and extreme volatility in house prices, large shares of owners successfully sustained homeownership and created substantial wealth in the process (at least through 2009). While African-American and lowerincome households were somewhat less likely to sustain homeownership, these groups also experienced sizeable gains in net wealth on average that was associated with owning, while renters saw few gains. Owners who failed to sustain homeownership did suffer substantial loss in wealth, but much of the wealth was associated with the move into homeownership, so these households essentially fell back to their initial wealth levels. At least in terms of household wealth, failed attempts at owning do not appear to leave the typical household worse off than when they started.

http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/hbtl-06.pdf

 

[blotter]

You keep saying this but you havent provided any real proof...



http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/hbtl-06.pdf

don't be afraid to think

let's start here, you already mentioned the benefits of ownership for tax purposes

what effect do you think that had on the cost of buying a home over time?

is that cost built into existing home values for first time home buyers? what did it look like 50 years ago?

 

[CACtain Planet]

don't be afraid to think

let's start here, you already mentioned the benefits of ownership for tax purposes

what effect do you think that had on the cost of buying a home over time?

is that cost built into existing home values for first time home buyers? what did it look like 50 years ago?

In 2017 the effects of buying a house a greater than throwing away money on rent..Obviously it is incumbent on the potential homeowner to ensure that there property is in a reasonable area that ensure theres enough appreciation overtime to sustain whatever downturn happens in the market as was in the case in '07-'08..I just bought a house myself in which the owner paid $190k 10 years ago, I bought it for $110k and the price for it is already appreciating thanks to Trump being in office..Ill keep it as investment property since its in a great location that is perfect for renting..of course shyt was different 50 years ago but one thing for certain is that the average millennial is not going to build WEALTH via renting or staying in moms basement

 

[Ol’Otis]

All these bytches on my timeline spending thousands every year to THOT it up overseas to stunt on the gram and facebook instead of saving up for a down paymen

Stop believing shyt like this

 

[CACtain Planet]

Stop believing shyt like this

Believing what? Saving residual income for property >>>> Using up PTO and discretionary income to stun on the gram and facebook and snap while wasting money on rent