one needs to make at least 46k to live barely comfortable

[HTexan]

Depends. Anybody can live outside their means. I didn't have a lot of money in college, and was able to live well with loans, a job, and the military paying for some of it.

[tres_taco_combo]

Why does everyone aspire to rent and not own?  

it is case by case - there are a many great reasons for each side. it all depends

when society was more of a simpler "flow" 1950s - 1980s owning was considered the "savings account" many families would pay off their mortgage, and have a stockpile of equity when they retired etc or rolled the savings into the next house and had a small mortgage payment.  own a home for 30 years then sell it  - etc etc.... that doesnt happen often like it used. again society moves quicker and totally different

so many ways to buy into real estate - REITS, ETFs, private placement deals, 144a's ....  

i feel most people who own..... they buy more than they should.... they may get approved for the note, but are above a solid budget

[HTexan]

Why does everyone aspire to rent and not own? 

Not everyone want to own. I have a friend that makes bank, he likes to rent because no maintenance, repairs, and you can move almost anytime you want. He just got married a few months ago, so maybe a house is in his future.

[Mobil]

I make roughly 23k a year and I live quite comfortably.

What country do you live in?

[Top Poodle]

What country do you live in?

Thailand.

he be ballin'

[Tapeworm]

if i were to give optomistic work advice to minorities around 20 years old what should i say

You can't tell someone he should be a plumber or something.  Best I've got is: Figure out what you want to be doing later and do stuff now that will get you there.

Also: Smile patiently and ignore most advice, even the well intentioned kind.  Wisdom and presumption rarely coexist.

[sync pulse]

so many ways to buy into real estate - REITS, ETFs, private placement deals, 144a's ....  

What will the retail shakeout do to REITS?

[SF1900]

What country do you live in?

Land of the free and home of the brave.

[OLKE_TEXAS]

in order to cover rent decent apt insurance food ect

in order to make 46 k a year you need to net 20 dollars an hour 40 hours a week

and not saving a dime

its doable taking the bus you can save maybe 10k  per year with no vehicle  but youd have no life

taking all the facts into consideration you are one lucky fuck to make 20 per hour in this society

im lucky and highly skilled but ive really paid my dues and continue to pay with time having to learn more in the rat race. i enjoy the learning but i feel bad for those in the wrong trade or grew up with bad familys no direction .


if i were to give optomistic work advice to minorities around 20 years old what should i say

This means the US dollar is not worth much. I live in Europe and 46k before taxes is more that enough for a single fella. You can even support a family on that if you pinch your pennies.

[OLKE_TEXAS]

when society was more of a simpler "flow" 1950s - 1980s owning was considered the "savings account" many families would pay off their mortgage, and have a stockpile of equity when they retired etc or rolled the savings into the next house and had a small mortgage payment.  own a home for 30 years then sell it  - etc etc.... that doesnt happen often like it used. again society moves quicker and totally different

Thats the problem. People now want everything instant because they are impatient and lazy. What you described is the way to do it.

[Irisheyes22]

This means the US dollar is not worth much. I live in Europe and 46k before taxes is more that enough for a single fella. You can even support a family on that if you pinch your pennies.

you lived in Texas about 200 posts  ago

u blarney stoned lyin fa99ot

[Tapeworm]

When you think of people from the past you think of someone you have heard of, whose name has been preserved by virtue of some extraordinary behavior on his part.  

But most of them were just fucking, drinking, and working some menial job.  Uncouth and unshowered, they never innovated jack shit and did the bare minimum required of them.  They were lazy as hell and were of no value to themselves or posterity.

And you're descended from them.

[OLKE_TEXAS]

you lived in Texas about 200 posts  ago

u blarney stoned lyin fa99ot

That was an inside joke for Droppingplates. He caught me quickly. 

[Powerlift66]

Why does everyone aspire to rent and not own? 

Because people are stupid TA. Very...

[keanu]

It depends where you live. I am in Toronto, Canada and make 27.82 U.S. dollars an hour (37 bucks and change Canadian). I get tons of 1.5 OT, and 1 day of 2xOT each week. In this city the average detached home in a decent neighborhood is well over 1 million dollars. I make over 95K U.S. a year but still rent a 3 bedroom house fairly cheap. I invest the rest (40 K U.S.) into stocks like Visa, Apple. ect. I just want to retire early and move somewhere affordable. If I bought a house here, I would be a slave to it.

  Over 25 years ago, I took a year off to pay my undergrad. Took a job as a security guard running OT like mad and bounced 1 day a week. Worked night and day to make 35K U.S. Hard to imagine that 46K gives a decent life today unless your expenses are incredibly low.

[ratherbebig]

all you need is a roof over your head, proteinshakes and getbig.
i feel pictures of cars, watches and those from go 4 it's cruise is enough, i dont need to have them myself or be there.
maybe a mirror for flexing.
and some creatine once in a while when you feel you wanna live the good life.

[Mr Anabolic]

Not everyone want to own. I have a friend that makes bank, he likes to rent because no maintenance, repairs, and you can move almost anytime you want. He just got married a few months ago, so maybe a house is in his future.

Also, you never truly "own" the house/property.  You are simply renting it from the government.  Perpetual taxes, insurance and eminent domain is why.

[Simple Simon]

Also, you never truly "own" the house/property.  You are simply renting it from the government.  Perpetual taxes, insurance and eminent domain is why.

how much do you have to pay the government if you decide to burn down the house you never own?

[OLKE_TEXAS]

all you need is a roof over your head, proteinshakes and getbig.
i feel pictures of cars, watches and those from go 4 it's cruise is enough, i dont need to have them myself or be there.
maybe a mirror for flexing.
and some creatine once in a while when you feel you wanna live the good life.

Classic getbig post.

[Mr Anabolic]

how much do you have to pay the government if you decide to burn down the house you never own?

They don't care about the house, it's the land... their land, not yours.  Wake up.

[Tha Grim Lifter]

When you think of people from the past you think of someone you have heard of, whose name has been preserved by virtue of some extraordinary behavior on his part.  

But most of them were just fucking, drinking, and working some menial job.  Uncouth and unshowered, they never innovated jack shit and did the bare minimum required of them.  They were lazy as hell and were of no value to themselves or posterity.

And you're descended from them.

Many are. I'm descended from grandparents from different countries who came to Australia for a better life (one being Greece, lucky for that  ). IDK how hard they worked but clearly more than most Australians who are lazy and it showed through my parents and Aunties/Uncles at least on the Greek side. I would outwork them all, outsmart them all. It's got to be in you when you're young. If you get an harder life young everything else is easy.

[TheAnimal]

When you think of people from the past you think of someone you have heard of, whose name has been preserved by virtue of some extraordinary behavior on his part.  

But most of them were just fucking, drinking, and working some menial job.  Uncouth and unshowered, they never innovated jack shit and did the bare minimum required of them.  They were lazy as hell and were of no value to themselves or posterity.

And you're descended from them.

Who are you talking about?

[tres_taco_combo]

Thats the problem. People now want everything instant because they are impatient and lazy. What you described is the way to do it.

credit appeared and became aval to everyone and everyone is addicted to it, BUT to get places you do need to properly use credit in our society today. being financially savy is also about playing defense too.  (its my trade so that is why I feel this way)

[tres_taco_combo]

to sum shit up real quick -  1 economic statement -

cost of living has gone up extremely high compared the average wage cost - living comfortably

[Yamcha]

Complete website for only $300- www.300website.com