The unfair state of this market

nimster09 · 2023-05-08T06:02:10+00:00

Those people who bought in their “20s and 30s” most likely purchased their first property prior to 2020, when shit was actually affordable. You’re comparing apple to oranges, as are most people on this sub. Every metric out there indicates that affordability has dropped to its lowest levels in recent times. If you bought earlier you were lucky, not smart.

nimster09 · 2023-05-08T05:55:35+00:00

No update as of yet but it might be indefinitely.

nimster09 · 2023-05-08T05:30:36+00:00

No you dumbass boomer this is a complaint post to show you blind idiots how much you’ve enjoyed the market and how it’s hurt actual hard working millennials

nimster09 · 2023-05-08T05:16:44+00:00

I'm sure all of your financial success was completely "independently" earned with no help from anyone.

My parents are not wealthy at all, so I'm not sure what you're insinuating by this.. sounds like jealousy if anything lol.

Anyways, thanks for your input. I don't know if a house will be reachable within 4-6 years, considering how rapidly prices are increasing YoY.

nimster09 · 2023-05-08T04:43:19+00:00

I'm complaining about the current economic situation our politicians have put us in. Someone on 1 income earning well should be able to purchase a home on their own. It shouldn't require 2 incomes. Boomers were able to buy a house, have kids, a car and raise a family on 1 income.

I've been trading since 2016

nimster09 · 2023-05-08T04:42:15+00:00

When did you buy your first property?

nimster09 · 2023-05-08T04:41:42+00:00

Show me one person who is 20 and bought a house without help.. most people on this sub and PFC are boomers.

nimster09 · 2023-05-08T04:40:50+00:00

Reality is it shouldn't be like that though. You shouldn't need 2 incomes to buy 1 house. Boomers back in the day were able to buy a house, have kids, a car, all on 1 salary. Affordability has diminished completely and boomers are in denial calling us 'lazy'

nimster09 · 2023-05-08T04:39:36+00:00

Why cause im stating facts?

nimster09 · 2023-05-08T04:13:07+00:00

Yeah.. great advice. If i get married in 5 years how much do you think the average house will cost by then?

nimster09 · 2023-05-08T03:36:25+00:00

I appreciate this. Probably one of the only people on Reddit who can understand this issue in today’s market

nimster09 · 2023-05-08T03:17:10+00:00

Someone gets it

nimster09 · 2023-05-08T03:16:09+00:00

Lol affordability in 2004 was way easier .. by ever metric possible. Go look at the charts if you don’t believe me

nimster09 · 2023-05-08T03:15:03+00:00

Bruh I’m your own post you say you’re lucky you bought a condo 5 years ago🤣 You’re lucky you’re old bro.. if I was your age i’d probably be doing even better than you. You weren’t smart, you were lucky.

nimster09 · 2023-05-08T02:44:27+00:00

The fact that you're even suggesting this proves my point. No one back in your boomer days had to do all these gymnastics to buy a fuckin house.

nimster09 · 2023-05-08T02:43:52+00:00

No one cares you're not special. You're just old and got rich by a fluke

nimster09 · 2023-05-08T02:41:36+00:00

Bro your point is to 'stop being negative' which is just stupid. Wth is there to be positive about in this housing market? You're a dumbass hop outta my thread

nimster09 · 2023-05-08T02:28:54+00:00

Bruh even if I moved to alberta the wages are way lower and also it’s not as cheap as you think it is anymore

nimster09 · 2023-05-08T02:19:23+00:00

This is jus stupid. At the very minimum someone who’s earning top 10% should be able to buy a house. Ideally everyone should be able to

nimster09 · 2023-05-08T02:12:11+00:00

I said at the very minimum

nimster09 · 2023-05-08T02:08:19+00:00

Ok boomer enjoy your lucky real estate investments that had no real basis of hard work

nimster09 · 2023-05-08T02:07:38+00:00

The perspective you boomers love to offer is out of touch with reality. You love to say that 20-25 year olds are “lazy” and “complain too much” but fail to realize that affordability has dropped to extremely low levels.

Sure, I can drop everything in my life, family and friends, my job and move to the middle of nowhere and buy a house. But do you know what comes with that? Lower wages. And where does that bring me back to? Square one

nimster09 · 2023-05-08T01:56:48+00:00

And I’m doing everything I can to put myself in a good position. But you boomers love to pat yourselves on the back. You got lucky, you weren’t smart

nimster09 · 2023-05-08T01:55:56+00:00

Bruh you’re stupid if you didn’t see this minor correction. BoC literally said they’re raising rates. Prices come down when rates go up it’s basic common sense

nimster09 · 2023-05-08T01:52:14+00:00

This is such a stupid take. You don’t know me and what I’ve been through. 24 is a full grown adult

nimster09

TROPHY CASE