Why I, as a Milennial, will NEVER be buying a House

Buying a house has NEVER been easy. You had to go without things ... a LOT of things. Every $ was accounted for for MANY years .. just to get a deposit large enough you could get the loan.

Stop being tossers thinking you can stay at School to 26 ( doing crap degrees )and milk off inheritance.
Rents go up over the years ( decades ) your house payments go down. ONLY way to really be capable of paying your own way through life without group share houses.

Get a second job, that's what most of us did. Work 6 days a week full time and a couple of nights. No one did it as they wanted to, they did it as they had to to get what they wanted ... security without thinking someone else owes it to you from their hard work.

lol

ok then you can pay someone like me rent :)

we'll accumulate wealth while you will struggle to keep your head above water...

I can move if I ever find my rent amounts to be increasing out of my price range.

Even in a fixed mortgage, you are still paying property taxes that increase each year. You aren't "owning" shit if you pay property taxes.

A mortgage is DEBT.

Renting doesn't require me to be in debt to any entity. I cannot afford the houses in my area on my one salary alone.

The Boomers have inflated housing costs to unreasonable amounts.

So rather than go into debt to mortgage lenders and end up paying $300,000 worth of interest and $150,000 worth of principle on a $230,000 house, I'll continue to rent. I save a ton of money from renting, so it's nice to know that money is sitting in my savings account and not in the hands of mortgage lenders.

I dont give a damn about home ownership. I dont need to own a home. And it isnt all that its cracked up to be.

Renting gives me freedom, flexibility, and it will cost be $1000 less per month than to purchase a house in my area.

The housing market is fickle and will be crashing again.

So this is where you derail the thread into aliens?

What's with you Millennials always pointing the finger of blame at someone?

Lower your standards a little. Get rid of your x box, your cable TV, your phone, your expensive clothes,your fancy gas guzzling car that mommy and daddy bought you...learn to cook instead of eating out. If you pick the right area, you can buy land and a house (with low taxes) for cheap!

Your big ideas about 'renting' are not all they are cracked up to be...but you'll find that out through the school of hard knocks.

Sounds like what you really need is for someone to spank your ass. I'll bet you missed that growing up.

^^^^THIS^^^^
OP has no concept of financial reality. He doesn't need it living in his mom's house eating her hot pockets.

SECOND OF ALL, they are not ALIENS.

THEY ARE HIGHLY ADVANCED CIVILIZATIONS WITH FREE-ENERGY LIGHTSHIPS.

As opposed to putting food on the landlords table? As bad as it may be I would much rather pay myself than someone else.

We should really be willing to force change in our favor, but we won't. We're comfortable and that's that.

I've owned rental property and I will never do it again.
I've owned homes and am looking to buy another one.

I have rented and won't do that again either even though it has it's perks.
I don't like how rent can be raised on a whim when it's still the same old place just like I believe the prices of houses are ridiculous especially for older same old properties that most likely need improvements and new homes that won't last a lifetime.
The prices and rent will stay outrageous for as long as someone is willing to pay that much.
When a majority or generation decides they won't, it'll be game over for sellers and landlords.
I keep hearing that the millenials aren't interested in owning homes or cars so maybe in the next couple of decades we'll see some change.

It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.

It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.

After this thread I am going to really consider buying some rental property.
The millennial generation will be ultimately be considered a generation that was lost.

It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.

Terrestrian masonic SLAVE.

AT LEAST YOU COULD DENOUNCE THEIR ILLEGAL AND IMMORAL SCHEEMES.

lol

ok then you can pay someone like me rent :)

we'll accumulate wealth while you will struggle to keep your head above water...

It would probably pay off. I just can't do it again. So many headaches involved with collecting rent, repairs, evictions, etc., but maybe you're cut out for it. I wasn't.

If I become a paying member, do I get a direct line to Trinity lol?

I need some of your knowledge because I don't want to do this the hard way.

For example, would it be better to buy a $50K house (still possible in my location) outright cash? Or better to buy a $100K house w/loan that already has some updates and perhaps better design/layout?

What I'm getting at is this; would me (willing to do weird shit and take some chances to get ahead, plus no prob doing sweat equity) actually put myself at an advantage by already owning my house at 25?

I don't really care about owning the biggest-dick house on the street, as far as I'm concerned that house comes later in life if you want it, or badass cabin with property. Should I start out with a cheapie, fix the thing up as cheap as possible, then flip/rent and upgrade?

Wish Brief would chime in on how to make some solid and consistent financial flow from buying 4-plexes, flipping for 6-plex, then beyond.

Trinity, how the fuck do I make some money in this simulation? You were a genius for having the foresight to buy this website when you did for example. Where did you find the insight to take those risks? Now you own a website worth 2.5mil+ ffs...

the reason rents are high is because there is a shortage of rental properties. this shortage exists because folks who invest in real estate would rather flip a home outright for a quick profit than have to deal with whiny, entitled millennials who think they should call the landlord every time a light bulb needs to be changed.

Semantics.

How the fuck did they get the materials to build those free lightships?
They either bought it by some means, or they conquered people and stole it themselves.

You will always fail. It's in your head.

You gave all the reasons why you don't want to buy a house and then you blame the boomers.
why would you blame a whole group of people for something you say you don't want?
Do you see why millenniasl are mocked by society?
If you want a house work, if you don't then don't. It is your decision.

WHY am I failing??

ARE YOU GUYS GONNA ANSWER THE QUESTION OR NOT???

OR ARE YOU TOO BUSY SLAVING AWAY FOR FAKE "MONEY" TO RENT STOLEN "GOODS"??

lol

ok then you can pay someone like me rent :)

we'll accumulate wealth while you will struggle to keep your head above water...

MANIFESTATON THROUGH THOUGHT!

www.the5draver.info

Secondly, there are TONS of EMPTY planets out there.

THAT IS NOT STEALING.