There's still hope, I just recently bought a home just after turning 40. You just need to put a ton of money into savings, go bankrupt paying medical bills after something bad happens to your spouse, spend 7 years in borderline poverty, and then have one of your parents die the same month they retire and collect their retirement fund.

I hate that the best thing my father ever gave me was his pension.

I'm glad I bought my house when interest rates were just barely above 3%. I couldn't afford my home if I had to buy it today.

This fucking economy sucks and we need to start removing everyone in power forcefully until the problems go away. Then start again.

at this point they're just rubbing it in

Yeah. This has been true for basically my entire adult life. Graduated high school in '02 into a job market still fucked from the dotcom crash, got my theater career into gear, destroyed utterly by the GFC. Went from construction to pest control as I was looking for more recession proof work, was a season away from getting my ACE certification... Destroyed by covid-19.

If this was it, I probably could maybe at least have a shot, but then I quit nicotine, fell while feeling sick and dizzy from withdrawal and got a TBI.

I'll be lucky if I get to continue living in anything remotely as nice as this little apartment I'm in with my brother.

Honestly, almost never had a shot anyway, even without my personal issues.

airbnb, and corporate landlords(blackstone/rock) are the blame. plus the low wages of many fields too.

In 2018 I bought a $30000 condo through fannie may, in a really bad part of the city. It wasn't great, but I had the basic necessities, utilities, bath and bed. Property taxes were under $500 per year. The down side was that I couldn't just ask people to come over, I had to always watch out for people who were watching me. I had someone let out a burst of bullets outside my bedroom window on easter morning 6am. A car alarm with the level sensor saved me tons of money. It wasn't the greatest but if we're talking about survival and living in an RV is outlawed, then gentrification is the next option.

So if younger generations have less and less capital with which to enter the housing market, then where does the value appreciation come from I wonder?

Am 43. Owned a falling-apart trailer for two years til it leaked enough carbon monoxide to almost kill me. Couldn't afford maintenance. I have one Aunt left to live with and when she passes I'm expecting to be homeless again. I'll never afford my own home. Yes, I've looked up "assistance" for disabled and therefore low income ppl in my area, and many other areas as well bc I'd move for a home again in a heartbeat, but that stuff simply isn't funded anymore. I feel like I've been moving from one family to another who will temporarily adopt me for the last 15 years.

Seriously got lucky by inheriting one. It sucks thinking about anyone to afford one out the pockets.

At least almost dead people are getting a tons of money to give to they spoiled grandchild wante into unnecessary stuff

Mainly the issue is not being able to afford a house, but being able to afford a house close to civilization.
There's plenty of houses to buy for 5 000 € or less but in places where the closest store is 100 km or more away.

I'd love to buy a home

I just can't do it any time soon due to ballooning prices where I currently live

i'm not sure i ever held out hope of owning my own home.

why is anyone paying these experts?

this is ketchup research levels of fuckery

I just bought the cheapest house that was bearable to live in. It was $40k cash.

Get ready to buy the dip

I have so much debt that I'm certain this regime will fuck up and make it worse for me, there's little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I'll never own a home, never retire, I barely have a comfortable life. Tell me what I'm not doing what those intrusive thoughts are telling to do again?

That's okay, people like Vince Zampella still get their Ferraris to crash into walls at 100mph,

At this point it's easier to join a movement to tax private ownership of essentials, than saving for a home

Us Millennials sure do love destroying industries by non-participation such as... lemme check my notes here... housing. Pack it in, chaps, another job well done.

Older than millennials and accepted that I'll never own a home. This is despite having money. Not where we want to live, anyway.

We could swing it if we accepted living in a shithole like Utah, but then I'd hate my life.

I'm a millennial homeowner and the only way I managed to do so was after getting a toehold in a cheaper market.

I'm a millennial with a house but no retirement savings, and the WSJ tells me the average millennial has over $1m in retirement assets now, so fuck y'all and your privilege. (I'm just kidding, I know you're poor too)

Can't imagine why

I have almost 200k put away and it isn’t enough.

This is news! 15 years ago.

But but 50 year mortgages. Pounce now and you can own by 90

Special news report coming in: Water is indeed wet.

what would marx do?

I have a suggestion.

TLDR: High density, owned housing, professional management, restrictions on owning other properties.

To avoid HOAs misusing funds, allow people to own, and build high density: build apartments for sale, to be managed by corporation. Corp is funded by reasonable fees set before construction as a percentage of value of property. Apartment owners can vote to fire incompetent managers, otherwise, managers are free to choose how to effectively run complex. Salary is fixed.

To encourage a builder to take on the project, we have 20-50 people sign up to buy apartments. They have to put down a refundable deposit of $100 to get on the list, and $5000 to the builder (applies to down payment) when building starts.

Deed restrictions, created before breaking ground, prohibit ownership of an apartment by:

1. any corporation

2. any individual that owns another home or is on a corp that owns rental properties (excludes REITs if shares owned is below 5% market cap)

what would mao do?

I bought mine when I was 27. Not a big house but house nevertheless. Didn't want to live in an apartment anymore. Anything is better than that.