They're raising our rent. We're f*cked.

@Muthafukajones 🫩 be serious

@DearAmbellina2113 Rent will only keep going up. Best thing is to stretch yourself and buy something… anything!!!!! Mortgages go down while rent will never stop going up.

@Muthafukajones
It doesn't look like you've ever owned a house, or have a clue how mortgages work.

And while we're at it, looks like you don't understand how property taxes, insurance, home owner associations and other fees works, especially if you in an area susceptible to earthquakes, floods, fire or any other natural disasters.

@Northwest do you insult people you know nothing about normally?

My comment had to do with in demand areas of which there are many world wide. Realestate especially over the medium long term goes up substantially and provides shelter which you need anyway. Best advice to young people is to get into the market at whatever entry level they can as soon as they can. Rent will only keep going up.

You wouldn’t buy in an are susceptible to

Earthquakes
Floods
Fire.

You certainly would get excellent home insurance if you bought in a riskier area.

@Muthafukajones
I don't care to know a single thing about you, but I will comment on what you said, and the latter, supplemented by this post of yours, continue to demonstrate that you don't know much about the topic.

For instance, this:


is a world salad. Specifically, because, in today's job market, 87% of GenZ cannot scrounge a down payment for a starter home, and over 80% of those who end up buying, do so with help from family.

So your advice missed the mark by several zip codes.

But this gave me a chuckle:


So you eliminate California, Oregon, Washington, Arizona, New Mexico, the Eastern Seaboard, the South...

Those areas...

And this:


Huh?

@Northwest Are you just trying to troll me?

@Muthafukajones
Are you seriously saying mortgage payments get lower with time?

@Northwest well eventually they are zero so yes.

@Muthafukajones
Changing the topic doesn't work.