Taking out a loan to fund another loan is smart to you? Any expert that's not trying to sell you a house will tell you to avoid taking out a loan on your pension at all cost.
How can the average American afford a down payment on house?
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Taking out a loan to fund another loan is smart to you? Any expert that's not trying to sell you a house will tell you to avoid taking out a loan on your pension at all cost.
WTF are you talking about?
You are using your money and paying yourself back with interest and it’s all payroll deducted
I thought you were looking for information when you started this thread. You’re a dumbass
If everyone saved and budgeted accordingly it's possible BUT the economy would collapse
Frivolous spending and consumerism is as American as apple pie.
Lot of our gen and younger is going to have to do a couple things if they can. Use generational wealth and live with fam. This wasn't uncommon at all before the baby boomers and still fairly common in many cultures, to have multi-generational households. Or have tenants in common. In a lot of places you're actually better off throwing down money on a home with people and instead of paying rent. Divvying up mortgage payments applied to the home and portioning out ownership. Now some people will balk at this because it's one thing to deal with a roomie and a lease, a house/mortgage payments can go wrong fast even solo but it's something older millennials who are tired of renting but want to stay in their region might have to compromise and do.
I think thats a cop out,most of these white people work the same kind of jobs as many of us do. But we don't inherit the mentality of thinking about our financial futures as yet. That has to get encoded into us so that we are passing that down AUTOMATICALLY,and it's a big deal in our kids minds. These our things that happen over time as we educate ourselves through generations. If we are going to reluctantly play this european paper game we need to start instilling the knowledge and I think we are. I don't have numbers,but It does feel like young black people are thinking about home ownership much younger than what I remember. The thought of it is great,but I think along with that you have people doing it because they think you are supposed to,and rush into it. And along with that people having an idea of what kind of home they are supposed to have which is not realistic and whats best for their financial status. I know many relatively young home owners personally,and just through conversation and I would say about 75% of them are or were struggling,before they eventually gave their homes up. Are all these people I know and have met just rare cases? I doubt it. And while we know the banks was on bullshyt,some of them just flat out took out ammounts where it would have been nice if they could have seen themselves that was too tight for their income,and hourly job status. You can afford to still have a kid,and have plenty of play time with two incomes in the house without jobs that are that high paying.
Plus there is still no excuse,because you could sacrifice according to your situation,and have legit play time out the ass. But many of us if I need to say that specefically,don't like to do that either. I think theres a plan for just about everybodys level,it just takes sitting down and talking money and sacrifice. Theres plenty of play time talk,just check your instagrams and facebooks
Contrefaire
Superstar
That program is good, or at least it can be, but it also has A LOT of issues and is run like MLM-lite in many cases.
sayyestothis
Free the guys
I'm telling u if u use ur RETIREMENT FUNDS to buy a house u are WHORING yourself financially and you CANNOT afford the home You are buying.
That is the SIMPLE version....
Delete
When I look back at all the dumb shyt that I've wasted money on, these past 10 years I've been working, I could have definitely had enough money for a down payment, had saved and invested.
Now paying the mortgage on that mothafukka...
Thats a different story
Now paying the mortgage on that mothafukka...
Thats a different story
Nah Julio nem was overpricing tryna hit a lick
My bd step mom brothers do it all.plumbing,electricity,drywall,roofing,painting..u name it
For the low low too
And on the low, it was done to prevent or discourage people from having kids to prevent overpopulation. Back in the 50s and 60s, the average family had 5 to 10 kids. Now, you hear these educated people going through sterile procedures to prevent an unwanted child to secure their finances.
Why can't the government just be brave and admit that the population growth is unsustainable to the public?
Use white supremacist talking points Beth’s
beenz
Rap Guerilla
He actually got laid off two weeks before closing. So he couldn't get the crib. Lot of work ended up being for nothing.The security guard at my job who emigrated from another country went thought the same thing, and now has a two family property with 3% interest rate.
Clearly one of these wanted more than the other.
