That’s a hard pass for me. I’d rather opt out of social security. It’s a ponzi scam. If the government had put that into a private account, I’d have millions of dollars in there.
That’s a hard pass for me. I’d rather opt out of social security. It’s a ponzi scam. If the government had put that into a private account, I’d have millions of dollars in there.
I don’t see a failure. The housing market is strong.
Dont worry, we noticed you cant see failure some comments ago :)
Then explain how the market has failed. I’d love to hear how you think it’s failed.
Even if it was explained to you, you’d find a way to not understand
There you go again. Before you start crying, understand this is why people call you names. It’s your weird behavior.
Projection if I’ve ever saw it lol
There you go again
Several people have tried already in this waste of a thread, you rejected all of them.
Feels like you dont see failure because your house lacks mirrors.
Nobody has tried. Calling something a failure doesn’t make it true.
https://youtu.be/LQIxbwfMVlM?si=YQAq0Qf27VR2Ucyo
Last chance.
Here is something educational that you can watch from someone, who has already made a lot of points that are relevant to social spending.
This guy has more time for these things then I do and even does a better job.
I’m not a child. I don’t watch YouTube. Articulate your point yourself.
There you go again.
One problem is that housing affordability is currently at or near record lows.
https://www.nar.realtor/blogs/economists-outlook/housing-affordability-conditions-tumble-in-october-2023
“A mortgage is affordable if the mortgage payment (principal and interest) amounts to 25% or less of the family’s income.”
What percent of your family’s income do you pay (or have paid in the past) for the principle and interest on your mortgage?
Since your high income gives you some flexibility in choosing a housing situation I’m curious how much of your income you decided to allocate to this expense.
For all three of my homes I pay about 5000 a month. My monthly income is 30k a month. That is my guaranteed pay per month that I use for budgeting. Any other income is not used in my budget.
Thanks for the reply. So you spend about 17% of your income on housing. (assuming 5k is the total for all three). Some people are currently looking at spending 25-30% of their income or more on housing just to get the cheapest houses available. Imagine if you had to spend 9000 each month just to be able to live in one house and maybe you can understand why some people are upset.
If you meant 5000 each for the three houses then hopefully the two not currently owner-occupied are either being rented out or generating equity through appreciation. Therefore they function more as an investment asset than a primary residence.
I live in all of them. I put large downpayment down. I like to keep my housing to now more than 30% of my income. 30% is the recommend limit and try to stay under that.