Right. if you're going to buy land, better be somewhere without property taxes or else you are essentially just renting from the government. When property taxes alone can be the same as renting a luxury apartment, it's no wonder people are avoiding houses. If I'm dropping $300,000 on something, I want it to be MINE and not just have the government pop up and take it because I'm not paying them every year.
A record low # of millennials think buying a home is a good investment
- Thread starter Turk
- Start date
Right. if you're going to buy land, better be somewhere without property taxes or else you are essentially just renting from the government. When property taxes alone can be the same as renting a luxury apartment, it's no wonder people are avoiding houses. If I'm dropping $300,000 on something, I want it to be MINE and not just have the government pop up and take it because I'm not paying them every year.
Crayola Coyote
Superstar
THIS!!! a$$holes wants us to be in 40-100k college and housing debt. We all broke. THIS
HarlemHottie
Uptown Thoroughbred
Other people
aren't doing it alone, just us, black millenials, to be specific. Even if black ppl in the olden days didn't get inheritances, they still had job security, unions, health insurance, and wages in line with the economy. We just out here by ourselves floating around in the breeze and they got the nerve to stress us out about some bullshyt. Foh.
I’m all for property ownership but you guys are coming in here with your rose colored glasses on acting like taking out a six figure loan with a bank is the best avenue in every single situation. NEWSLFASH: It isn’t. For one, the worst case scenario in a property you own is much worse than in an apartment. Not only is foreclosure worse than eviction but you as a propety owner have to pay water, all of the maintenance costs, and property tax in addition to the fact that the tax plan gutted a lot of the tax benefits for homeowners. So to just push owning a home like the end all be all 10 years after Americans lost a trillion in wealth is irresponsible in my opinion. I love the concept of having equity in a property but what’s even better than that is NO DEBT! Debt makes you a slave...if you work a 9-5 that you hate your ass ain’t going to jeapordize it if you got that 500k loan hanging over your head. You won’t even be able to get a better job with lesser pay BECAUSE THAT MORTGAGE GOT YO ASS BY THE BALLS/OVARIES.
Where in America is property taxes 100 dollars a month. I'm gonna wait to see where you got these numbers from
Y'all thought you hit it out the park with this onehome I just purchased property tax is almost 1200 a month the irony
Varies from state to state. Where you at?. My property tax on my home in Tn is $1,000 a year.
bruh people dont understand debt is the most important thing, even worse than renting is people that buy cars, i lease all my shyts, and cars depreciate soon as you drive it off the lot, such a myth that buying is auto better than leasing or renting. but its like everyone thinks their rich or smthg but yet stats show that clearly aint the case, muther fukkers wanna pretend and shyt
A Tribe Called Quest ™
Make Em Say Ughh ... Silk da Shocker
Why would u want to stay at the same job? Such a stagnant lifestyle
A Tribe Called Quest ™
Make Em Say Ughh ... Silk da Shocker
If your positive you won’t live in the same place all your life, don’t buy a house
Paisley Darts
All Star
luxury car sales are down way lowmafukkas just post whatever on here
the most popular luxury models for each brand -- the higher end models (that the working class you describe cant afford anyway) are fine, but the entry models that the people you describe (using they mortgage money on cars) are way down
small luxury cars ($30-50k):
2018
Mercedez C Class sales down 35%
BMW 3 series sales down 6.70%
BMW 4 series sales down 14.10%
Jaguar XE sales down 45.90%
Lexus IS sales down 7.40%
Lexus RC sales down 60.40%
mid size/mid priced expensive luxury cars ($40-100k)
Audi A6 sales down 24.90%
Audi A7 sales down 40.90%
Jaguar XF sales down 56.40%
Lexus ES sales down 2.60%
Maserati Ghibli sales down 24.30%
Only the BMW 5 series has sold good as far as flagship luxury cars
reality is, cost of goods has inflated way too high compared to salaries.. like we arent even close.. would need a reset button (again) to pretty much fix shyt at this point. This current economy is not sustainable long term.
I guess you two don't understand what generalizing is, eh? Like you don't know people that live in an apartment but pushing a $40k car. My point was, a house usually appreciates, a car WILL depreciate. So if you are willing to spend decent money on a car but not a house, you are hustling backwards.
You can say what you want, post statistics etc but the fact still remains that real estate is how most people get wealthy. And it is clearly the better option when looking at the alternative of renting. One you can make money from, the other you wont make a dime from. I know everybody situation is different, but to shyt on home-ownership overall is silly.
ZoeGod
I’m from Brooklyn a place where stars are born.
Millennials can’t afford homes because of student debt. They are going to be the first generation to not be better off than their parents. shyt is crazy.
You have a million dollar home?
I don't think you're input is representative of any group of millenials
1. What exactly is worse about a foreclosure than an eviction? They put you in the exact same position in life.
2. Get a condo in a nice building with good reserve funding and easy renting policies if you want a relatively low maintenance store of money.
3. Unless you're a traveling ass nikka, ownership will always beat renting. The worst case scenario, you lose everything and wind up with the same amount of money as a renter.
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You don’t know what your talking about.
Bumblebreh
Collecting honey and money
No an asset is something or an item of tangible value.A lot of properties owners net worth is tied into the value of their property.A family home is an investment that can be passed and the same can be said about rental property.
