We’re not coming around, we’re coming up for air. We’ve been suffering the whole time but are used to not speaking up, we realized the adults didn’t care a long time ago.

@Remi-Toruzen

Ай бұрын

Yup and we’ve realized years ago everything is fucked and there will be a Great Depression once again possibly worse in the next ten years if we’re lucky. It’s hard to pinpoint when because of how manipulated literally everything is but a collapse is what it will take to hopefully reset the out of control system and being driven by people who couldn’t care less than they already do.

@ms.pirate

Ай бұрын

I figured as much, my parents never taught me money management aswell. They expected me to figure all this sh1t out as a young child. Figure out college, retirement, housing, taxes, everything

@Hdc2390

Ай бұрын

Slaves to the system

@brucesmith8285

21 күн бұрын

These selfish boomers. Worst generation ever. Had everything handed to them. And they ducked it up.

@EliAlexanderClark

16 күн бұрын

@@brucesmith8285yep. My dad has your first name too, so this is kind of cathartic to hear you sat

As a 32 year old millennial who still rents, I'm very concerned about this. I don't see how I can ever afford a home at this rate. My husband is disabled, and I only make $62K a year, which barely leaves anything left over after paying for all the bills. How will I ever retire if I have to keep paying rent until I die?

@shauntikayvette

Ай бұрын

I’m a millennial 10 years older than you and I did buy a house prior to the pandemic and refinanced when interest rates dropped so I at least have that part secured but will millennials be stuck in their starter houses due to these issues. Many of us were late into the market because of crippling student loan debt destroying our debt to income ratio and low wages when entering the workforce also lending restrictions following the housing market crash. Feels like we are the sacrificed generation.

@theonlyconformist

Ай бұрын

Pump money into a Roth IRA. Seriously. The return on the S&P 500 is so much higher than a house. After you account for interest payments, principle, and maintenance, houses barely beat inflation. They're still great because they put a floor under your cost of living when paid off, but they should come after putting enough into retirement. My plan at this point is to pump money into retirement funds and a brokerage account, then retire in Panama. If we still have social security, that alone could probably sustain you and your husband there. Panama City is really well-developed but there are a lot of other cities that are modern in Latin America and parts of Asia. There are a lot of solutions to this and maybe the one I suggested doesn't appeal to you, but I just want you to know there are options. You will not have to work until you're dead as long as you do some sort of investing and we have social security.

@rayzerot

Ай бұрын

​@@theonlyconformistYou're better off doing a mix of traditional and Roth accounts. Roth funds are "taxes paid" (at your current highest marginal rate) while traditional accounts are completely tax free up to your standard deduction while withdrawing. Triple tax advantaged. After that you withdrawal the rest at your (lower) effective tax rate They both have important places in a retirement plan

@suras8984

Ай бұрын

@@shauntikayvette I feel that. Im 36 and I live in Canada and homes in Toronto are over 1 mil. Actually the house I rented from as a student was 1 mil and it was tiny and looked like a poverty home lol. So youre not getting nice homes for 1mil either. In the capital city my friend got a townhome 30min away from downtown for 800k. Her and her bf were only able to afford it because his parents bought the house. And they have roommates to help pay the mortgage. I make 75k/yr and there is no way I can own a million dollar home or any home in the two cities I mentioned. After taxes I made about 48k. Rent is close to 2k/month in the capital and there is no way I could afford to live on my own in Toronto. Once I am an RN I will be moving to the US because a 400k home sounds amazing to me. All I want are the basics in life, a home to have a family in and a car to get from A to B.

@kingdre7492

14 күн бұрын

I’m 40 and been buying houses since bush was president when they were dirt cheap. Thank god

I've been living apartment to apartment ever since I was a small child. I'm *SICK* and *TIRED* of renting! I'm *SICK* and *TIRED* of apartments and *SHARING THE SAME PAPER THIN WALLS!!!* I'M TIRED OF THIS COUNTRY!!

@longestvideoever

Ай бұрын

Mood.

@felixthecat2786

Ай бұрын

You can buy houses for a dollar in Europe though and obtain a house for free in japan. There are options outside of the United States, not that I want anyone to feel forced to leave. It's not an endless cycle of feeling trapped. It's just that foreign billionaires are trying to buy all of our land...which is alarming. The idea of Chinese, Russian, and Saudi citizens owning all of our land creeps me out a little bit.

@rayzerot

Ай бұрын

​@@felixthecat2786I'm sure you're well meaning but that doesn't really make your answer any less frustrating. Most people can't change countries Maybe they're divorced, with their ex having the kids and they want to stay a part of their kids' lives. Maybe they've got local family members that need care. Maybe they've got mental or physical issues that they need to stay in their community to receive assistance with. Maybe they've got massive medical or legal debt. Maybe they're scared to live where they don't know anyone Maybe they want America to suck less and we won't get there if people run to other countries when things get hard

@PrincipalityofZeon

19 күн бұрын

USDA loan or FTHB are my only options

@micker9830

19 күн бұрын

You think it's bad here? Go to another country and see how small the apartments are and crowded and what real poverty looks like. Even poor people live like kings here, compared to some other countries.

They won't by design you will own nothing and be happy

@steveharper879

2 ай бұрын

If you want to really talk about design. This is problem reaction solution. 1. Problem == Steal the general populations wealth through inflation and taxation so that nearly every one is poor 2. Reaction == People freak out about how poor they are and how grim the future looks 3. Solution == Introduce one world digital currency to further impoverish, monitor, and enslave the masses.

Great video subject but as a 54 year old home owner, I will say the cost of living has caused people to refinance and not have their home paid off in 30 years and the ridiculous increases in taxes are causing many retired people to work part time. On top of that if social security disappears so many of us are screwed!!! It's a scary situation!!! 😭 It's absolutely ridiculous that you can pay off your home but still never truly own it due to taxes, it never ends 🤬

@markpitchford7375

2 ай бұрын

don't forget insurance, utilities, and maintenance.

@theonlyconformist

Ай бұрын

I understand that but seriously you're still probably paying less than we are paying in rent if you bought a house pre-pandemic and refinanced during the pandemic.

@rosemaryruiz1878

Ай бұрын

Don’t worry friend that’s what’s been said for many years now and it’s still here- I don’t know if your aware of this but if you go to social security website it says January 2025 there will be 600$ more monthly of social security

@chiplangowski3298

Ай бұрын

Social Security will never disappear. It is self-funded. The worst case is that benefits will be cut for future retirees, and the retirement age will be increased.

@suras8984

Ай бұрын

@@theonlyconformist They are but there comes a point where a person is too old to work. A retired person should not have to go back to work to pay for their already paid off home just because taxed keep increasing. The gov should not be increasing taxes. And honestly property tax is theft.

The answer: you will work until you die. 1) You can accept this and live your life within your means. 2) You can leave the U.S and live somewhere more affordable. 3) You can fight to change the system of bureaucracy that hates you, and does everything it can to make your miserable.

I sold my house, bought a sailboat and it's paid off. Slip fees are different everywhere you go. I will say this, you purchase less because you are in a smaller space, you can travel, and the community is better than most neighborhoods where you might not even know your neighbor right next door let alone a few homes down.

@luisaguilar5343

29 күн бұрын

That's my plan. Just buy a boat and park it in a slip and live on a boat. They're basically homes on water. Don't like the neighborhood? Set sail that same day.

@KenW418

21 күн бұрын

How do you list your address of residence for things? What do you tell your employers about where you live? Do you have a car or anything for when you need to travel inland? How does that work? I've thought about doing this but it always seems like it would be just as expensive anyway

@ulfhedinn9

21 күн бұрын

@KenW418 our address is a P.O. box. I work for a shipyard where we work on anything from fishing boats to personal boats that other people live on. My boss owns several smaller boats he takes out regularly, promotes employees to take off early on Fridays to go sailing or take their boats to the islands. In the summer time work tends to slow down where if you wanted to take off for a month or two and travel we can but if we also wanted to stay to work we are welcome to. We have a car, paid off and nothing fancy. Many people here buy older used cars for a few thousand to get around town (that part isn't a competition). If you want to live on a boat, do it. We can find excuses not to do things and yeah it's not always the cheapest way to live but it's fun and less stressful in my opinion. If you don't like a marina your in you can always find another near by.

@fairytaillight1453

17 күн бұрын

Just be careful, friends. One bad storm can destroy your home.

Home ownership used to be a key part of the American dream, but now it seems unattainable for many. Personally, I had to move beyond typical advice and do my own research, which resulted to $1.3M returns in 13 months. We have to take control of our futures

@SteveTyurin

2 ай бұрын

Your mention of returns raises a key question. how do you distinguish between research driven results and plain luck? sometimes results make it easy to downplay the role of luck in investing

@ArnoldScerrets

2 ай бұрын

Consistent outcomes aren't luck. research was the challenge till it led to Emily Ava Milligan, a top fund manager, her strategy made 310k into this and counting.

@SteveTyurin

2 ай бұрын

I pasted her name into my browser, and her website popped right up. It quickly became clear how popular her sessions were. Your example is rare, I wish I had it earlier. Thanks for the share

@ms.pirate

Ай бұрын

I'd rather live "the American dream" in some other country 😂

@jefferyrader5153

24 күн бұрын

I'm 33 and absolutely agree. I am the master of my future. It's not easy, but that doesn't make it not possible. Plan to work hard and be smart until I can pay off my current debts, get a nest egg and find a good side gig. Currently in skilled trades, so side gigs are easy to find..

A lot of people don't want 3 bed 3 bath houses either,For a single guy like me 1 Bed 1 Baths are virtually non existent. 2 - I never thought Property tax should exist. The point of having a (paid off) home should be a place that you have indefinitely and can count on always being yours and not at the mercy of increasing property taxes from an insatiable money hungry government.

@TheRealTommyBear33

2 ай бұрын

most my property bill is school taxes. So unless we shut down public schools, I be paying forever. 65-75 percent of my bill is school.

@WingsOfDomesticViolence

2 ай бұрын

@@TheRealTommyBear33 yeah I have no kids and adamantly oppose the public school system when homeschooling would be better in almost every conceivable way. Yet people are FORCED to pay this tax if they own any land.

@jercasgav

2 ай бұрын

Look at old homes, they were a mix of sizes. I love living in streetcar suburbs (homes built between 1890-1930ish). At any rate, our first home was built in 1913, single family 4600sqft lot, 2bd, 2ba and 832sqft on the main floor. Basement was mostly a crawlspace with maybe 1/4 of it dug out basement. Next door to us was an even smaller single family home that was 1bd, 1 ba, with 600ish sqft. Then other homes were the usual 1000-3000sqft. Old neighborhoods rock for many reasons including the variety in housing square footage. Old homes were made from old growth wood and other materials that will last many more centuries when cared for. You just need to be sure the foundation and the bones are in decent enough shape. The potential for major sweat equity is higher too, as you can bank if you do updates wisely. It is wonderful having the promenade strips and nice sidewalks the old burbs had too...pretty, big trees, walkable, near the city center but not too close.

@ms.pirate

Ай бұрын

​@@TheRealTommyBear33 I've been off and on of home schooling and public schooling when I was a kid. From I can see and what I heard from online. Homeschooling is WAAAAYYYY better than public school! Sure it can get lonely, but I felt safer at home than at school! My dreams of going to high school like in those 2000s TV shows and movies were crushed by those damn "adults," my school bullies from daycare, kindergarten, elementary, middle school, high school, were my teachers, social workers, and principals! They never cared about me! They just never liked me because I don't act like any of the other kids (I got something thats similar too ADHD is why). They abuse their power to pick on the special needs kids who can't defend for herself, and can't tell any other adult, other than her own mother!

@raymundogonzalez6450

Ай бұрын

Only in America

Yes there's a lack of supply, but the reason isn't Builders not building enough. Colorado they're building nonstop, and in Florida they've overbuilt so much the locals are refusing to lower sell prices to prevent a 37% drop in price. The issue is institutional investors buying out these homes thousands above asking and keeping the Market over-inflated while keeping rents higher to boot. Its reckless chrony-capitalist practices like this that enrages youth so much that they start thinking dangerous ideologies, that resulted in the deaths of tens of millions, are a better alternative.

@chrisschulze8081

Ай бұрын

I live in Florida and just bought acreage in Colorado…Colorado housing is a lot more expensive than Florida…planning on moving there in the next few years, gotta finish building our Barndominium…..

@doomsdayrabbit4398

27 күн бұрын

Dangerous ideologies like what? Name it.

@sirblack1619

12 күн бұрын

Facts! I am in Colorado as well. My job takes me around the state and I have seen all the houses going up, but almost all are 400K plus starting.

@MarkGeuel

4 күн бұрын

@@doomsdayrabbit4398 total anarchy does seem kinda appealing if you think about it (recklessly)

@doomsdayrabbit4398

4 күн бұрын

@@MarkGeuel Oh I wasn't implying that they were calling out anarchism. I was implying that they were calling out *socialism* - keep in mind, many of the deaths attributed to socialist/communist "regimes" were literal Nazis soldiers.

All generations are screwed. Blame the politicians for keeping themselves wealthy and leaving us dry. 😮 😐

@rayzerot

Ай бұрын

The politicians wouldn't be the problem if Corpo's and "profits at all cost" interest groups couldn't buy political votes. The private sector greed is stripping our society

@pld-wc7gf

20 күн бұрын

Blame the people who've kept Boomers in office for the past 30 years.

Owning a home just means the government is your landlord now.

@skyranger1366

15 күн бұрын

The government is still a cheaper landlord than private.

@bradbarber799

11 күн бұрын

@@skyranger1366 Agreed. Also, has it ever been different? I dont like paying property taxes but I do like having a paved road in front of my home, a well-equipped and trained fire and police department, snow that gets plowed, free public school, garbage collection, etc...You could just pay for most things privately and you would maybe even save some money (the gov is often wasteful) but then again maybe your neighbor would decide to not have his garbage picked up, or only 8 of your 10 neighbors would agree on repaving your street or paying to have someone plow snow, etc...

As a finance professional, thank you for your videos. Affordability is a huge problem for the middle class, and people just don’t see it. They still think, just do what it takes to get through college and it will all work out. It takes more than that nowadays. I want my kids to be homeowners one day. For them it might require buying a distressed property and fixing it up, just to get in the game. So I’ve been learning construction skills to be able to help them with that. As long as gains on home sales remain tax free, it’s a good entry point to this mess. Gotta get creative!

@VulcanLogic

7 күн бұрын

If you're in the rust belt or deep south that isn't Florida or Texas, yeah that is a great plan. Even tear-downs are $1.5 million where I'm at and my wife won't move away from her family.

@aBrewster29

7 күн бұрын

@@VulcanLogic a fixer-upper isn’t a tear down. You can strip a 1400 sf home to tbd studs, rerun electrical, swap out plumbing with pex and re-drywall/paint for around $20K. Add in kitchen costs, etc. It’s doable but a lot of hard work.

@VulcanLogic

7 күн бұрын

@@aBrewster29 I think you misunderstood me. I agree with what you're doing if you're in the Midwest or non-Texas/Florida south. You can buy the house you're looking to fix up easily on those markets. The reason it's a tear down here in Orange County, California is because the cheapest homes are no longer large enough for the market. A developer will come in, offer $1.5 million for a say 1500 SF ranch, then tear it down and build a 3000 SF home with higher grade materials and then sell for $2.7 million. In effect, those former starter homes are treated as vacant lots here.

They dont want you to retire... This is the whole point of companies buying residential houses. You cannot have a capitalistic society without keeping a majority of people slaves and scared to lose their jobs. Its the same way that CEOS cannot have power over the slaves if unemployment rates are low for a reason, people will just leave and get another job if the conditions suck.

@hermanwooster8944

Ай бұрын

"You cannot have a capitalistic society without keeping a majority of people slaves" That's feudalism, not capitalism.

@drumyogi9281

Ай бұрын

First off, Capitalism is a term coined by Marx to slander a Market economy. I would much rather have a market economy than what bs that he was peddling. Second. The Federal Government is way more involved in the markets than it ever was when boomers were growing up. We have way less free markets now than back then. That is a fact.

@theonlyconformist

Ай бұрын

@@hermanwooster8944 I get really annoyed when people think that status quo in the U.S. is the same as capitalism. There are a lot of capitalistic countries that don't have this problem.

@Chucky_knows

Ай бұрын

As opposed to a socialist society where you will live in substandard government housing and like it.

@moviesynopsis001

Ай бұрын

@@Chucky_knows I would prefer to live in substandard housing working on my passions every day then waking up and working for some wanker boss doing a job I hate.

I dislike the Federal Government so much and are policy makers don't even care enough for their own people.

Renting forever is serfdom

As a non millennial i find myself stuck in the middle between you guys but im feeling the pinch as a single income household. It is not enough. And from my experience talking to the boomers who paid there houses off at the end of 90s early 2000s they dont really care. Its a lot of suck it up, quit whining, just dont spend any money youll be fine. They are conpletely out of touch.

@markpitchford7375

2 ай бұрын

My mother kind of understands and knows it's harder but lacks a frame of reference, so I played a game guessing what houses and rent are. All of her guesses were right at half the current cost and double the cost to income ratios they faced starting out. I can't even imagine how far off the "suck it up" crowd would be in their guesses. I bet you can't 4x their guesses and get to reality.

@theonlyconformist

Ай бұрын

The only reason my Boomer parents understand is because I started making really good money and when I couldn't buy a house because of this surge in cost, they looked into themselves and were astounded.

@felixthecat2786

Ай бұрын

Even stranger is that these same Baby Boomers are literally living off of credit card debt. Millennials will likely inherit their parents debt.

@vietnamvet4533

27 күн бұрын

Who did you vote for in 2020? Let you know if you really are thinking or just part of the problem.

@poelogan

21 күн бұрын

Both parties want corporations rich and you poor. Conservatives don’t care about your wallet. Nor do democrats. They care about their power, nothing else.

alot of builders also refuse to release already built house so they can make more

You don’t want us to be depressed but the truth is depressing.

My retirement plan? I’ll just flip my switch from “ON” to “OFF”.

I rented so I could save money to buy a house. The problem is now the rent is so expensive that you can't put a single dime aside

Love the ending! Some good hope in there

It's not just the American dream. It's the dream of all the world.

You think the federal reserve isnt aware of this.? Its all by design this wasnt an accident.

good to see you again

Personally I’m terrified of the increase in home prices and I don’t think interest rates are dropping anytime soon. Just closed on a house a few months ago. Got roommates to help pay the mortgage. It doesn’t cover all like it could have even a few years ago. But at least now I only spend $600 a month on housing instead of $1,500. I don’t make a lot either. I’m 28 and used an FHA loan had roommates lined up almost in advance. Problem is that if I get married I have to figure out what to do then.

@jefferyrader5153

24 күн бұрын

Make sure there's a prenup in your plan.

All I hear about is Millennials, Gen Z and Boomers. Nobody talks about Gen X. We are in a precarious situation as well. Our houses have not yet been paid off and our real wages have gone backwards. We hold the distinction of having been contributors to workforce for the past 20-30 years. We started off at low (entry level) wages and worked our way up. Now even though we have risen to the ranks of middle management and secured low 6 figure salaries. The cost of living and the rise in everything has made it so that our wage is roughly equivalent to what 60K was two decades ago. So to cut a long story short, we have been working away for 20 -30 years and what we have busted our behinds working up to is only slightly more than what we began at. We have just gotten around to paying off our student loans, and we have young families to support. Many of us have been forced to refinance our homes just to make ends meet, so we will likely be working forever. - Gen Z is upset because they feel hopeless about their future. - Millennials are angry out of a sense or entitlement (as to what they feel they are having to work harder to get). They have more in common with Gen X than they do Gen Z, so I am unsure why they keep getting lumped in with them. - Gen X is stressed just trying to keep what they have earned (working for the majority of their lives). They are in the same boat as the Millennials, though they stand to lose more (on average). Gen X’rs are Millennials with houses (basically). - Boomers are enjoying the tail end of the easy lives they have lived. Those really feeling the crunch of this are the working age individuals between 25-50. That’s Gen X and the Millennials, specifically.

The high interest rate is also suppressing the market. No one wants to move.

With great effort.

I’m a early millennial, I did buy a house prior to the pandemic and refinanced when interest rates dropped so I at least have that part secured but will millennials be stuck in their starter houses due to these issues. Many of us were late into the market because of crippling student loan debt destroying our debt to income ratio and low wages when entering the workforce also lending restrictions following the housing market crash. Feels like we are the sacrificed generation.

I live in a mobile home. My wife and i own it, and only pay lot rent. It needs maintenance at times, but its better than an apartment. "Oh you should move. " the maintenance is my mortage pretty much dude. Once that is up to date, im going to be able to live in a home that i dont have to worry about as an old man. Its not fancy, but its a lot cheaper than what could be and its my castle.

Orlando is inundated with large apartment complexes…..it amazes me every time I see them being built

Hey brother. Gen Z reporting in. Equity is an odd topic to start the conversation with. Let me tell you, I have never once considered equity in my home ownership fantasies. It isn't even a topic worth considering. The only thing about home ownership I think about is that it's mine. Because I, along with the vast majority of my cohort, own NOTHING. Not a single god damned thing. I don't own my house, I don't own the land it's on. I don't own the car I use to get to work. I don't own the phone I use for said work to tell me to come in on my day off. I don't even own the engineering degree I have. Because that's a loan that's going to stick with me for decades. Equity? Who gives a fuck. I just want something that's mine.

An older Friend worked in a small town grocery store in the 1970's . He said they sold a lot of the premium brands of dog food. Buyers were folks he knew that did not own a dog. ie that was supplemental food since the were on SS income and had property taxes and utility bills etc. Later in Finance II class in college the graph the professor had was 1/4 the dog food in the USA was eaten by people.1970's data during the big Inflation era

This is why I bought a “median price home” in my area. It’s monthly payment all told is $500 more than what I could rent in the area but when retire in 23 years I won’t be paying rent.

Hello Freddie 👋 good advice - the country is in bad shape 🥺

Property tax is a lot more than you are saying .

@Vahn2118

Күн бұрын

He’ll yeah it is mines bloody 4700 and not a 400k home lol it’s under that

A friend that is 21 says he does not want to go into auto repairs since gasoline and diesel engines will be gone soon. Does anybody actually think that car repairs will be gone soon ? A local plumber is now doing electrical installs on new houses since the builder cannot find anyone .

@tracyaf6084

Ай бұрын

The trades are a great field. Too bad so many people get fooled into thinking that university degrees are the only way to go.

@longestvideoever

Ай бұрын

Your friend is wrong. Even evs need repairs.

@thundercricket4634

Ай бұрын

No matter how bad things get: Everyone want to keep their refrigerator running and their toilets flushing.

I used to watch Freddie & Alyssa (and, Benji) on their show all the time but I haven’t seen either of them ages. Freddie just seems to be solo talking about real estate which is profession. I liked to see her on the show again. Maybe, she has & I just missed it. All that said, I’m old (60) and, I’m downsizing. My house is paid off & I should make a good return. It’s a rite of passage with real estate. It goes up & it goes down. It is what it is.

2008 wasn’t a crash. It was a scam.

One thing to add to the conversation. If you are a single person get established before you get married how ever long it may take. If you are married stay married and work as a team for the financial goals both of you share.

I think about this a lot :( I’m always sad

Property Tax on a 400k house here is about 1 percent so 4000 bucks. Not 600. Then fire liability insurance is say just 2 grand. Then if you want wind hurricane insurance that can be 4 to 8 grand more. So having full insurance plus taxes is more like 10 to 14 grand. Well higher than 600 bucks. Then when the home is older maintenance costs per year are higher too.

@ShutterSpeedGaming

Ай бұрын

I’m a home owner. You’re exaggerating. 🙄

@3beltwesty

Ай бұрын

@@ShutterSpeedGaming on which piece of data?

@EsotericDichotomy

Ай бұрын

I think he was saying $600/month

@DS-ob3gt

29 күн бұрын

600 per month -$7200 annual for HOI and Property Tax which is an average but a very good estimate.

So did i just gear an infomercial?!? I thought this video was about changing and revolutionizing the status quo. Then i hear the youtuber talk about how to meet and accept the status quo thru listening about how to do that. Which is it? Are u mad or accepting?

We bought in 2015 and our house has more than doubled in value. Now I have all these people sending us offers wanting us to sell. It’s probably going to be converted into a duplex so both my sons will have a place to live when my husband and I are able to get something small. Or an old people community.

More supply occurs by forced selling

I'm 52, and we paid off our home over 12 years ago. We sacrificed a little to become debt free, but I do feel sorry for the younger people who try. My number one piece of advice is to buy your vehicle in cash, even if it's older than 10 years (preferably a Toyota or Honda). You'll save a lot of money. Believe me.

@sapahn3039

2 ай бұрын

Congratulations on your paid-off home. I'm hopefully right behind you. I managed to land a small house that I'm currently on track to pay off while I'm still in my 30's. It does seem to depend entirely on luck now for anyone to be able to do this to try and be debt free. Small homes aren't being built anymore because they aren't profitable, but what is being built is too expensive for the average person.

@ilc-nl3yy

2 ай бұрын

@@sapahn3039 Our home is 1500 square feet, so it isn't that big. When we were looking, we were approved for a more expensive home, but wanted something less expensive. I think it's terrible that many places are not allowing people to build smaller homes.

@sapahn3039

Ай бұрын

@@ilc-nl3yy There are laws against it? I was under the impression it's more an issue with being able to hire someone to do it (unless you're doing it yourself). You'll probably be hard pressed finding a contractor willing to take on the job if there are more profitable options available to that contractor.

@ms.pirate

Ай бұрын

Oh yay, a nice car for me too sleep in and own!

@3beltwesty

29 күн бұрын

​@@sapahn3039Modern building codes ban small house the sizes my parents grew up in. Theirs were 850 and 1100 sft

I understand supply and demand. But help me understand why it would still cost me about the same to BUILD my own home instead of buying. The cost of empty property is just as ridiculous.

Inflation, the higher cost of food and housing effects every generation. Vote and choose better politicians.

I am GenX, we went through the same crap. I never could afford to buy a home.

Simple solutions: live in your vehicle or live in a tent or make arrangements to with a friend or family member to pay a few hundred a a month to stay in a spare room until till you can afford to buy out right or look for a property with seller financing. Anyone paying typical rents is absolutely getting scammed & it’s not going to stop till people refuse to play the game & you absolutely have the option not to play!

I wonder what would happen to a local housing market if a builder made a neighborhood of 300 2-bath 3-bed starter homes and only sold to families. Would it impact the local rent market/ property values?

@codyprine9200

12 күн бұрын

Like everything else in our lives we will have to create our own path to be successful. In the case of attempting to transition from being renters to owning our own housing, we may have to find ways to crowd-source to get this to happen. Our futures will depend on all of us coming together to create our own ability to own a home. An idea I had was kind of like the above comment. What if a group of people looking to afford their own houses created their own trust to purchase land to develop their own neighborhood. It would be a tricky set of logistics but I think it could be possible for us to disrupt this rent cycle using creative tactics. I think that a trust of 300 families looking to build 300 houses in a neighborhood would greatly increase their bargaining power and would provide builders a much greater incentive to bid on and pursue such projects.

Answer is unless there’s a form of UBI, there’s next to no chance of retiring and with the AI on the horizon expect probably more to end up homeless than think of retirement.

We're not. Unfortunately, society and the economy will be in a perpetual game of catch-up to the point of unsustainablility.

I think we need re-examine what it means to own something. I can understand paying taxes when you buy a home but when you have to pay taxes on your home annually even after you paid it off then you don’t really own it Your government became your landlord without any of the responsibilities of a landlord

Senior here, but totally agree! We have to really scrutinize our elected officials. Millennials have surpassed the Boomers in numbers - they are also probably healthier (better health care than what we had - thus, higher survival rate) and better educated (thus have a higher income potential). With those factors alone, the amount that they are contributing to SS far out weighs what we had contributing to ours. This is why you have to demand accountability from our people in office. Do not allow them to play games and steal from this fund to pay for other things! If you want what you are entitled to, you have to fight for it. During our time we had AARP as a (supposed) lobbyist for the senior (later found out they were paper tigers, but the politicians didn't know that for decades - it was always: don't mess with the seniors). You folks have to demand accountability. If you do, SS will still be there for you - do not fall for their lies. BTW, when we were in our 30s, we were told the same lie: "SS will never be around when we hit retirement and neither will pensions (they were right in that regard) - so contribute to your 401k, as much as you can" (sad to say, that was a joke too - when a lot of companies insisted that their match was in their stocks only - and you know what happened to that, for even the strongest of companies).

At what point do people take it to the streets and demand action? Personal fiscal responsibility matters, but there are many exogenous factors at play as well.

in reality there should have always been more apartments the demand is stupid high for the amount of people needing a place to live.

Hi Canada here …were there all really 😵‍💫

@lazerhawk2192

Ай бұрын

Live in southern Ontario. It's brutal here.

Owned home and paying around $600 in property taxes? Am I hearing this right? Not here in NY! My father owned a house in NY and paid about $1100 /month just on property taxes alone. I may be wrong…it could be more. I’d have to ask him. He sold his house in 2019 and retired down in Mississippi. I wish he lived closer, not some 12-15 hours away. Anyhow, he’s doing good there financially. As for me and my millennial generation, we are screwed.

@Mark-if1yu

4 күн бұрын

As a expat now an American i find that we Americans love hype and don't know math. If you live in NY, NJ, MA, CA and is making $120k per year if you got a call to work in say NC, FL, TN for $70k per year it's a no brainer to move. Dam it a no brainer to move from NY city to new Jersey. I moved from up North to realize people down south or midwest isn't so poor. People like in mobile homes and manufactured homes that are multi millionaire richer that people in NY that lives in 2 million dollar Houses. You would never know that driving past there trailer homes sitting on 40, 50, 100 acres of prime real estate that they own. I have relative who left up North who i dont think made more than $12-15 an hour was about to buy a home, who know as at lease $200K in equity. Up North itself in prison in disguise. If i get a call today for a $ 250K per year salary to come back up North am passing. It truly is a prison. stop complaining and MOVE and when you move from up North as a black man please leave your political party behind TOOO. It's ridiculous to not understand that your voting is 70% of the problems you have.

All that works great. Until you get sick, fired, divorced or arrested.

Even Gen X are struggling. This is all a mess.

This narrative that everything is Boomer's fault is so toxic.

@TheConstitutionalOathkeeper

14 күн бұрын

But it is. They also partied it up real good and enabled degeneracy and hated Christianity. They still hate Christianity, but now they push for stupid shit while trying to be cool and hip that fucks the rest of us over.

I'm a 60 years old boomer and I couldn't retire. I expect to work until the day that I go in the ground. There are not many jobs with benefits anymore. Most jobs are gig jobs or 1099 jobs with zero benefits. I'm not complaining. I'm just stating what is in my area.

Gen X: That's the neat part, you don't! Just like the younger of us!

I don't know. I have a little saved up but not as much as I should at my age. It all depends on my employment prospects.

Just curious, what do you even do in retirement? People say they need to save up for retirement, but I can't see myself in retirement

@longestvideoever

Ай бұрын

Your body breaks down so you need something to pay the bills. For like 20 years.

@longestvideoever

Ай бұрын

I want to invest in a 401k but its impossible finding a job.

@ChampagneandWaffles

21 күн бұрын

A lot depends on what your job is as to when/what your retirement will look like. If you work in a profession like medicine, law, engineering or accounting, where most of your work is intellectual versus physical, you can probably work well into your 70s. Those who work more physical jobs, in extreme environments, their bodies just start to fail at some point and they can’t maintain the same workload. There’s a reason you don’t see many 75 year old construction workers on a job site or 75 year old mechanics on an offshore rig. There are also mental and physical issues that can develop with age that can cause someone to have to end their career. No one wants a 62 year old surgeon with dementia no matter how great a career they’ve had.

@pld-wc7gf

20 күн бұрын

Most people can't see themselves with serious health issues that make them totally dependent on other people for basic functions and yet it happens.

They will stop spending $100 at Chili's every week or month.

I have made up my mind that I will retire in another country. This country is to far gone now and the cost of living is not going to come down. I live in Colorado and they are building houses like crazy yet homes here start at 400K for the base model. Salaries have gone up, but not to where we can afford a home unless you have two or more incomes.

I love how GEN X never exists in ANY videos lol.

@Hdc2390

Ай бұрын

They are suffering and have just as long

@ms.pirate

Ай бұрын

They are just like the boomers

@nmh2800

Ай бұрын

What’s GenX?

@Hdc2390

Ай бұрын

@@ms.pirate nah they're nothing like the boomers

@TshepoKotelo

Ай бұрын

​@@ms.pirateNot at all, they're better than millennials and Gen z and I'm a millennial. I don't associate with other millennials and Gen z because I simply don't like them. I know that they aren't all like that but I don't care about them enough to get to know them any better

From what I usually hear, most younger millenials and gen z don't want to bother now, it's too far out of reach. They're all focusing on preparing for a mad max scenario.

Remote job move somewhere cheap is the only hope.

I'm not even planning for retirement. Sure, I have a 401k, but it ain't going very far.

I plan on working until I die. Putting all that aside so my children can live a good life and retire.

Those fancy gated apartments? They’re like a high-end jail, but guess who’s paying the bills? And what else you gonna do, buy a house? 😂 good luck!

This is why we need major zoning reform so starter home priced multifamily is allowed to be built. We need something between a large expensive house and renting.

@longestvideoever

Ай бұрын

No we need companies to stop buying up houses.

@Azaurus1

Ай бұрын

@@longestvideoever and want a pet dragon 🐉 but wanting one isn't enough to make it happen. without profound proactivity they ain't stopping anytime soon.

Im a boomer and you are right. Another tio: sleays buy a 3 yr old csr and deive it for at least 10 years

The writings on the wall, we won’t get to retire. The older generations sold us out.

@bhgodsmack

9 күн бұрын

Also property taxes should stop once you hit 68 years old.

It’s looking like once it’s time to retire, you have to leave the US and go live somewhere cheap like serbia 😂

@longestvideoever

Ай бұрын

Bro you do not want to live in serbia. The amount of violence there is crazy. Better off in Montenegro

I'm 37 and I still rent. It's cheaper for me to rent than to buy. I also live in thailand kek.

It looks like a van in the desert

they were forcibly be given immortality so that they can someday if possible pay off their debt

We wont saving for retirement is dumb. Even home owners will be broke with property taxes but the renters will all 100% end up on the streets

Is that Charles Hoskinson speaking?

These companies are expecting the US to eventually pass a UBI for living expanses for anyone over the age of 60. The legislation is already in the early writing stages. This has been their plan all along.

@Hdc2390

Ай бұрын

That's not a good idea more government bs

Hahahaha we won't ever the boomers created this paratacism and thier children will never change that.

I wonder how many KZread channels or Tik Tok channels build a home? There can be 100-1 million channels complaining about home prices but if no one picks up a hammer, trowel or drill, then few homes will be built, raising prices. “I don’t want to break my body by 30”. I also want an affordable house. Nobody is entitled to another’s labor. The roofers sweating in the sun, or drywall crew breathing in dust are happily getting their small percentage of the average $450k home price. If it goes higher, so does their wages As far as rent prices: mom and pop renters rarely raisers rents dramatically to good renters. But y’all trashed their properties and demonized landlords. So the solution was for individual owners to sell out to REITs, who in turned raised rents, think of REITs as a union of landlords.

@pld-wc7gf

20 күн бұрын

If you're encouraging Millennials to put builders out of a job, then I agree.

@BB-qi2wm

20 күн бұрын

@@pld-wc7gfso no builders then?

@cdiehr-xm3mc

8 күн бұрын

In most areas the land and location far outweighs the building costs.

A boomer would roll up his sleeve and build a house. Geeezzz

@markpitchford7375

2 ай бұрын

on inherited land lol

@Montross4440

2 ай бұрын

with Daddy's money...and Daddy's tools.

@damncars2618

2 ай бұрын

who's your Daddy? Daddy had shop class... 🤣

I'm going to tell you who's going to be the home owners in your future; all the people who took up trades. First, they have zero student debt. Second, they're already making close to, if not already over 100k. If their union, they're going to have medical insurance, pensions, and annuities to boot. Third, they already have a built in side hustle they can even continue to do when they retire.

@longestvideoever

Ай бұрын

Bruh theres no apprenticeships near me.

@longestvideoever

Ай бұрын

Also being autistic doesnt help.

@ChampagneandWaffles

21 күн бұрын

This is all true, except trade schools did get very pricey so some do have student debt to pay off.

@pld-wc7gf

20 күн бұрын

They also have high sui*ide and addiction rates.

@Bob-zl4cb

20 күн бұрын

@@ChampagneandWaffles They are public highschools in Massachusetts and Connecticut. In the 60's, LBJ gave federal money to all states to fund vocational and technical education as an alternative to college. 48 of the 50 states used it to build post graduate tech schools. Mass and Ct built highschools.

I've been listening to you you have been right on point every time all of a sudden you're talking about Millennials and gen Z retiring are you kidding me let me guess you got a crystal ball and you can see 50 years into the future

They already retired!...time to get back to work!!!

Im planning on retiring to another country

It might even be so bad you’d have to move out of the country

we will all move to italy

@ms.pirate

Ай бұрын

Ngl, thats what I wanna do. However, mostly because my background is Italian American. I need to get into contact with my family over there

The average individual income for a 30 year old in 2024 is $64,000. This will qualify you for a $260,000 home at about $2100 per month. If you are married and your spouse works, the average income goes up to $110,000. This raises your qualifying number to $425,000 at $3300 per month. 30% of 27 year old GenZ's own a home. This is up from the 28% of Millennials and GenX when they were 27.

@pld-wc7gf

20 күн бұрын

Most young people who are married will divorce within 8 years. And most homes that aren't in a ghetto are way more than $260K.

My retirement plan is M.A.I.D. ™️®️

Once again where do seniors with fixed incomes come into all this

@longestvideoever

Ай бұрын

Fucked.

@longestvideoever

Ай бұрын

But seriously check out aunt bertha for senior living help.

You won't be able to they told Our Generation X in highschool that most of Us will not be able to buy a home, will be renting apartments and will not be able to retire. It's true Gen X, Gen Y and Gen Z are working for scraps.

I'm gen x. Gen x are definitely with the millennials and gen z.

Hell wtf is gonna happen to Gen Alpha?? They’re old enough to be my kids (I’m 29)