By 30 you should have a mortgage and be making 70k+

[CodeBlaMeVi]

I would take literally no advice ever from ANYONE on here about life/money. I would bet my house lots of these dudes are under/unemployed and just sitting around here jerking themselves off in fantasy land.

I was replying to that.

 

[STEVE]

Good luck with that in our new economy.

I've been on 8 interviews for 100k+ jobs in the past 6 months all have told me "Impressive background", "Highly Qualified", "We needed someone yesterday" - No dice. I am working for a Top Fortune 500 client I get weekly e-mails from recruiters but none want to seal the deal - With anyone. They close job postings and repost the same jobs one week to one month later just collecting applications and never filling the role. This has been happening across the market for the past year or so.

Friends have told me the same thing, employers are blowing smoke up candidates asses for some reason. It's a combination of young dumb recruiters entering the fields in droves not having a clue what they are doing. Employers who are unable to understand tech and skills and how to evaluate or screen out candidates without pissing off qualified guys and deterring them from applying....And lastly the overall economic uncertainty, Trump is making employers skittish about spending money.

Corporations have BILLIONS in the banks collectively they have not spent since the recession. Hiring in high wage jobs has NOT picked up enough - See first time starter home availability growth has slowed while demand has SKYROCKETED. Because these millenials are getting 30k-40k jobs and that's all they can afford. Meanwhile on the other end of the spectrum LUXURY MILLION DOLLAR CONDOS AND HOMES are skyrocketing in supply yet demand remains lower....

The real estate market is impacted by labor markets but by a delay of 5-10 years. This is disastrous. Cheap Oil has NOT helped....

All of these factors are leading to any of your artificial benchmarks that used to apply even in 2006 - NO LONGER APPLICABLE.

At age 30 - TODAY - NOT 10+ YEARS AGO - You're lucky if you're making 45k let alone 70k.

And you're forgetting one more thing - Most millenials have to move to BIG CITIES to get corporate jobs and experience. Guess what - Big cities real estate values are OUT OF REACH for most young people still building or repairing credit and lending standards have INCREASED once again. And with all the student loans and low income do you think the bank will approve them even if they have good or even perfect credit? They will say your fixed debt to income ratio is out of whack we can't approve you unless it's 30% APR.

Welcome to the REAL WORLD @Don Draper please join us in Higher Learning so that you may educate yourself on what's happening outside of MTV cribs, Million Dollar Home and other mainstream concepts you are trolling on about!

Outstanding post!

 

[STEVE]

I was replying to that.

Yes and then you posted that you had opportunities on the horizon so I wish you well. I meant a lot of these Coli posters have very few prospects while talking themselves up to be big shots. No offense intended to anyone currently having issues finding work. It is tough out there.

 

[www.THUG.com]

Just do your best, breh, and keep going.

You'll eclipse that "benchmark" soon enough.

Tell my nikkas quit the bytchin we gon make it in a second

 

[TLR Is Mental Poison]

Parents are humans too and can often be full of shyt like anyone else. If I had listened to mine, I'd still be living at their house, paying THEIR mortgage. U have to treat them with respect but don't have to do everything they say

My parents don't even know how much I make. Tell them to stop watching your pockets

 

[315]

outside of the coli, 100K annual salary is not the norm. it's not even close to the norm.

 

[Born2BKing]

Wtf, isn't the median income 45k-50k?

nikka the Coli median is 125k.

 

[CodeBlaMeVi]

nikka the Coli median is 125k.

On their resumes, obsessive TheColi member with 0 RL friends and 96k posts.

 

[Sunalmighty]

I bought my first house before I was 30, it's an accomplishment but you don't need to buy a house. Earn a good salary, save your money and live below your means.

 

[Silver Surfer]

I didnt get a mortage till 32....but renting is not progressive...it just took me a while tonget in a decent city where I wanted to settle down

 

[feelosofer]

If you're pushing for that you're just going to land yourself in real nasty debt. Just manage your money and keep you're debts to a minimum.

 

[Kuwka_Atcha_Ratcha]

How true is this statement? My parents keep insinuating that I am bum because I lack those things.

i think by 25 the latest you should own your own home, but yeah I 1000% agree with this thread.

 

[Kuwka_Atcha_Ratcha]

I'll take the 70k. You can keep the mortgage though

everyone pays a mortgage, its just some (renters) pay other peoples mortgages

 

[ZEB WALTON]

Im 29 i make that much but i dont got a house cause idk i dont see the point of living in some big ass house by myself tho it woulda been a nice investment. My moms was trying to get me to buy the fam a house but i balked cause i was with a girl i thought id marry. That didnt work out and i blew most my money on drugs over the past 5 years.

Good to know by ya parents opinion im still on track tho lol. Maybe soon

 

[TheNig]

I wouldn't say f taxes and insurance on a home.

It's money out of my pocket so it's annoying. I remember when I first met with the realtor and she included the taxes I would have to pay. I was puzzled becuz at that point I had never bought a house before. I thought once I bought the house that the only thing I would have to worry about are the utilities. I knew nothing about buying a house. But I am glad that I learned and that very glad that I am not stuck with a mortgage like most of my friends.