Grumpy old fart on fire

[WoodsDigger]

Therein lies the problem in your argument. Fresh out of school and they want to own the "average" home. Didn't work that way for me and doesn't typically work that way now. Out of school, with a child on the way, my first house was about 1000 square feet on a 1/2 acre. Ten years later, my second house was about 2400 square feet on 3/4 acre. Ten years after that, my current house is 3600 square feet on 7 1/2 acres. They don't seem to understand the concept. They want to get out of school with a worthless degree and own the home their parents have.

Agreed, people think I'm rich. I started w a 2500 $ shack. Bought and sold those shacks w some elbow grease, risk , and luck to eventually have a sweet home. I worked days and nights to get where I am. Worked a day job for 35 years and pounded nails on my properties, cut trees, shoveled snow, rented excavators to build my road. Envied by strangers, my family and friends run. I'm not sure I would recommend my path but I was handy , not scared to try to fix something or ask questions. Really could have used YouTube back then ...maybe .

 

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[pepperj]

Folks are indentured to the debt.
Been trained to get it all quickly, not working for each item to get it paid off.

Typically the gig is get a down payment, and buy a house that's usually not a get by home. It has to be something that stretched the financial situation.
Then comes the line of credit, cars, toys, RV.
They have no problem paying the 18-24% on the maxed out credit cards.
All they want to know is what the payments are on the new whatever.

When we bought our first condo, we needed a mortgage. Took a 5 yr because I knew it was going to be paid off when that came due.
Pay the 10% extra every year. Pay biweekly payments.
We ate out maybe 4 times a year, drove used vehicles. No toys, worked and saved.
We never used it as a security when dealing with a bank.
Totally hands off, they never got to touch the home after it was paid for.
If we want something we save, we pay for it, we own it.
Basically if a person can't own it outright in 5 yrs, you can't afford it.
We've done this for 5 different places, only 3 short 5 yr mortgages. The last 2 homes no banks were needed.
Tough way of doing it, sacrifices have to be made, but it's ours.

 

[Tpmetal]

Therein lies the problem in your argument. Fresh out of school and they want to own the "average" home. Didn't work that way for me and doesn't typically work that way now. Out of school, with a child on the way, my first house was about 1000 square feet on a 1/2 acre. Ten years later, my second house was about 2400 square feet on 3/4 acre. Ten years after that, my current house is 3600 square feet on 7 1/2 acres. They don't seem to understand the concept. They want to get out of school with a worthless degree and own the home their parents have.

You missed the point completely. My point is even starting from small to big they are at a severe disadvantage compared to the past. It doesn't matter where you start and how you get it. Money is worth less and costs have increased verse what is earned by majority of Americans. If a young person took your same exact path they would be working more and paying more to achieve the same thing.

 

[Oregon Viking]

Folks are indentured to the debt.
Been trained to get it all quickly, not working for each item to get it paid off.

Typically the gig is get a down payment, and buy a house that's usually not a get by home. It has to be something that stretched the financial situation.
Then comes the line of credit, cars, toys, RV.
They have no problem paying the 18-24% on the maxed out credit cards.
All they want to know is what the payments are on the new whatever.

When we bought our first condo, we needed a mortgage. Took a 5 yr because I knew it was going to be paid off when that came due.
Pay the 10% extra every year. Pay biweekly payments.
We ate out maybe 4 times a year, drove used vehicles. No toys, worked and saved.
We never used it as a security when dealing with a bank.
Totally hands off, they never got to touch the home after it was paid for.
If we want something we save, we pay for it, we own it.
Basically if a person can't own it outright in 5 yrs, you can't afford it.
We've done this for 5 different places, only 3 short 5 yr mortgages. The last 2 homes no banks were needed.
Tough way of doing it, sacrifices have to be made, but it's ours.

The only young people that buy homes around here are correctional officers that make 100,000 per year. They are my biggest clients, I have built a few over the years. People that retire here I have built custom homes for.... but at 700,000 plus.... The younger generation seem to be happy just renting. It depends on your area too, Tennessee, Georgia you can get a home for 200,000, around here that might buy the empty lot. A lot of new manufactured homes on land.

 

[gautman]

where i lived, 30 years ago, i made $35/hr and a house was $200,000. Today that wage would be about $50/hr and that house now costs $2,000,000. the younger generation have been enslaved and they know it.

 

[WoodsDigger]

Folks are indentured to the debt.
Been trained to get it all quickly, not working for each item to get it paid off.

Typically the gig is get a down payment, and buy a house that's usually not a get by home. It has to be something that stretched the financial situation.
Then comes the line of credit, cars, toys, RV.
They have no problem paying the 18-24% on the maxed out credit cards.
All they want to know is what the payments are on the new whatever.

When we bought our first condo, we needed a mortgage. Took a 5 yr because I knew it was going to be paid off when that came due.
Pay the 10% extra every year. Pay biweekly payments.
We ate out maybe 4 times a year, drove used vehicles. No toys, worked and saved.
We never used it as a security when dealing with a bank.
Totally hands off, they never got to touch the home after it was paid for.
If we want something we save, we pay for it, we own it.
Basically if a person can't own it outright in 5 yrs, you can't afford it.
We've done this for 5 different places, only 3 short 5 yr mortgages. The last 2 homes no banks were needed.
Tough way of doing it, sacrifices have to be made, but it's

Folks are indentured to the debt.
Been trained to get it all quickly, not working for each item to get it paid off.

Typically the gig is get a down payment, and buy a house that's usually not a get by home. It has to be something that stretched the financial situation.
Then comes the line of credit, cars, toys, RV.
They have no problem paying the 18-24% on the maxed out credit cards.
All they want to know is what the payments are on the new whatever.

When we bought our first condo, we needed a mortgage. Took a 5 yr because I knew it was going to be paid off when that came due.
Pay the 10% extra every year. Pay biweekly payments.
We ate out maybe 4 times a year, drove used vehicles. No toys, worked and saved.
We never used it as a security when dealing with a bank.
Totally hands off, they never got to touch the home after it was paid for.
If we want something we save, we pay for it, we own it.
Basically if a person can't own it outright in 5 yrs, you can't afford it.
We've done this for 5 different places, only 3 short 5 yr mortgages. The last 2 homes no banks were needed.
Tough way of doing it, sacrifices have to be made, but it's ours.

Words to live by.
It also helps to have a spouse who is on board. Being wise and thrifty adds up no matter how much you make . Often times I fear though the wife builds the fire , gets the sticks, works hard to have husband dump the hotwater out the kitchen window carelessly. It really takes a team to be financially clever.

 

[Chilli]

All I know is the next 18 year old cashier who calls me sweetie or honey is going to regret it! And, no, that grocery bag with two pounds of canned goods in it is NOT too heavy for me to lift! I'm 6'3" and weigh 190 pounds, so I think I can handle it!

I love it! After yrs of being called every expletive under the sun its a welcome change. Except when they blend them together! That's weird! 🫤
But I know it can feel condescending at times coming from a brace wearing pimply teen.
Sometimes I just respond by cracking a partial smile and dribbling whilst making unintelligible sounds.
It's a strategy, next time they see you approaching their checkout they'll quickly take a toilet break. 👍

 

[Crow]

And this what happens when raggedy old Crow had a grand pa nap.! That and the Meds have kicked in.

Gee! I am only amateur you guys are the real deal! One day if I practice hard ! can be like you!

One day I can inducted into the sacred ancient order of Grumpy Old Farts.

oh yes where was I with my rant. Better grab a brew!

Crow

 

[Crow]

Ha! the Meds Have kicked in!

What hell is the deal with smartphones? Everyone is expected to have smart phone these days. When did it become compulsory to have to be glued to them 24/7? I was in the park the other day everyone on their smart phones. One was watching a wildlife documentary oblivious to the wildlife around him. Even the wildlife had the shits.

There was even a dog with leg cocked up against a tree looking at his owners smartphone.
It was the smart phone zombie apocalypse! everyone in park was silently glued to their Phone . There was a family having lunch a picnic table not talking just silently glued to their phones. There was kids sitting on swing staring at a smart phone. An older couple walking down the footpath hand in hand without smartphones in hand.

I screamed OH my God Normal people! They laughed hysterically. I said its the smart phone apocalypse! No wait perhaps they are all just trying to work out predictive text?

Crow

 

[Crow]

And people are so Obsessed with Aps my brother in law has got an Ap for this and Ap for that. I said I have a Ap that can do all of those? its called a brain!

Crow

 

[metalman2024]

I hope everybody has good health and peace of mind, that's all that counts in this world, money comes and goes. I'd rather always have good health than all the money in the world. Also, many a younger man or child died young and the old men and women have lived long and ripe years. I say thank God and ask for wisdom and health.

 

[Gare]

MetalMan that really is a good attitude

 

[WoodsDigger]

Ha! the Meds Have kicked in!

What hell is the deal with smartphones? Everyone is expected to have smart phone these days. When did it become compulsory to have to be glued to them 24/7? I was in the park the other day everyone on their smart phones. One was watching a wildlife documentary oblivious to the wildlife around him. Even the wildlife had the shits.

There was even a dog with leg cocked up against a tree looking at his owners smartphone.
It was the smart phone zombie apocalypse! everyone in park was silently glued to their Phone . There was a family having lunch a picnic table not talking just silently glued to their phones. There was kids sitting on swing staring at a smart phone. An older couple walking down the footpath hand in hand without smartphones in hand.

I screamed OH my God Normal people! They laughed hysterically. I said its the smart phone apocalypse! No wait perhaps they are all just trying to work out predictive text?

Crow

Watching the sunset on their phone because eyes no longer focus on the horizon. Kids will be born with 24 inch vision.

 

[pepperj]

Ha! the Meds Have kicked in!

What hell is the deal with smartphones? Everyone is expected to have smart phone these days. When did it become compulsory to have to be glued to them 24/7? I was in the park the other day everyone on their smart phones. One was watching a wildlife documentary oblivious to the wildlife around him. Even the wildlife had the shits.

There was even a dog with leg cocked up against a tree looking at his owners smartphone.
It was the smart phone zombie apocalypse! everyone in park was silently glued to their Phone . There was a family having lunch a picnic table not talking just silently glued to their phones. There was kids sitting on swing staring at a smart phone. An older couple walking down the footpath hand in hand without smartphones in hand.

I screamed OH my God Normal people! They laughed hysterically. I said its the smart phone apocalypse! No wait perhaps they are all just trying to work out predictive text?

Crow

I was collecting the sap the other day and saw a young family walk by on the road past my shop.
I observed them 100 ft before the gate all standing there, looking at their devices.

Walked slowly by looking at their devices.

On my return to the house the wife explained that she had seen the young family standing at the end of the driveway staring at their devices.
I asked if she had bothered to see if they even looked at the view when they got down the street further?
No.
The Mrs couldn't believe how they were so focused on their devices.
(Even the 10yr old boy!)
Watched them go right past, never looked up once.
Not that I am saying that the view is all that great at this time of the year. But not even a glance.

Now on a positive note. They're getting some fresh air, live in a house that's fairly affordable. They paid $340,000 for a house that had the lipstick on a pig renovation.
The previous owner bought it for $42,000.

Country living in a small hamlet, no conveniences. Just garbage pick up.

 

[robertk]

Watched them go right past, never looked up once.
Not that I am saying that the view is all that great at this time of the year. But not even a glance.

Hopefully the don't walk into a pole or a manhole or a lake or something.

It's a pity. I'm pretty sure the view is always great (I've seen the photos you post), and that it would never get old.

My wife and I hiked almost six miles yesterday. It's not quite spring yet, so the landscape is mostly bare trees and forest litter, But the phones stay in the pockets for GPS. If we'd have been glued to the phones we'd have missed a bald eagle, half a dozen deer at different times, tons of interesting rock features, strangely shaped trees, lots of tiny flowers and plants, and a tranquil little waterfall. Virtual reality is nothing compared to the real thing.

 

[pepperj]

I've seen wildlife many times, crossing the ice, swimming, playing in the bay.

A person walks by, and if I'm in the yard I'll ask if they saw it.
No is always the answer.
Clueless to the world around them.

But I'll bet they know all the influencers as if they were a sibling.

 

[robertk]

But I'll bet they know all the influencers as if they were a sibling.

I know the word (influencer), but I couldn't name a single one. I don't get why so many people waste so much of their own lives watching other people's lives.

 

[Limitool]

I know the word (influencer), but I couldn't name a single one. I don't get why so many people waste so much of their own lives watching other people's lives.

Agree.... Hell I have trouble keeping up with my own life. The mind and will is there but the ol' body rebels...! And mentally.... I'm my own worse enemy.

 

[Chilli]

 

[Crow]

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Chili

Ya nailed it! absolutely nailed it!

Crow