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30 years from now your homes may go up a lot just due to inflation as well . inflation took my original 30k home and made it a 600k home today more then 40 years later. about a 7% return .
but there were years it fell and years it went up a lot . you really will not know your deal until decades from now
30 years from now your homes will go up just due to nothing special inflation as well . inflation took my original 30k home and made it a 600k home today .
but there were years it fell and years it went up a lot . you really will not know your deal until decades from now
The value will not grow anything like what the growth the boomers experienced.
In 40 years a $600k house will not be worth $12,000,000. Plus hardly any millennials can afford a 30K house much less a 600k house.
you don't know that . are you kidding us ? you are predicting 30 to 40 years out ?
you know what we predicted 40 years ago ?
with mortgages in double digits we predicted no one could afford a home , ever , with taxes the highest ever the thought that this year i am in a 15% tax bracket is insane .
the 5% pass book savings account was a joke , today we would kill for it .
in fact when i was sitting on those gas lines 40 years ago my prediction was we would not even have cars today , we would be like the jetsons .
well there i was 40 years later on a gas line getting gas right after sandy .
Yeah i do know that and so do you. You can pretend otherwise, but you'll be dead soon enough and the millennials are the ones who have to deal with their situation.
and i may add , no draft , the likes of which we saw .
With a nation in trillions of dollars of debt to China and generations burdened with student loan debt now loaned directly from the government, you don't think a military draft is a possibility?
Only this time, we could very well be seeing foreign troops on American soil. Don't think that's a possibility? The president has even hinted to the formation of a "Civilian National Security Force". As the Bible says, the borrower is slave to the lender. Thousands of young people burdened by student loans to their government, and I think they know exactly what they were doing.
Take away our currency and we only have our land.
Anyways I have a ton of respect for those that fought in these wars, this thread is not about the draft.
The value will not grow anything like what the growth the boomers experienced.
In 40 years a $600k house will not be worth $12,000,000. Plus hardly any millennials can afford a 30K house much less a 600k house.
Define hardly any. I'm a millennial and so are all of my friends. Almost everyone I know could afford a 30k home, most live in homes that are significantly more expensive than that. I find it hard to believe that all my friends are the "hardly any" group, considering many of them are laborers and/or non-professional types.
Define hardly any. I'm a millennial and so are all of my friends. Almost everyone I know could afford a 30k home, most live in homes that are significantly more expensive than that. I find it hard to believe that all my friends are the "hardly any" group, considering many of them are laborers and/or non-professional types.
it doesn't really matter what you and your friends do, statistics say otherwise. Most millennials under age 32 have negative net worth and less than $3000 in their bank account.
perhaps instead of whining they need to be more creative and aggressive in earning an income .
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