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Topic	Stock Topic 30
CaptainOfCrush 06/10/21 7:13:15 PM #309:	Zachnorn posted... This is really the only reason why I'm investing now. Once I can own my home, I really don't think I'm going to play with stocks (as I'd likely sell them off) and, at most, I'll just throw money into my pension and Roth IRA and call it a day. That's the Boomer Wealth Special, and there's nothing wrong with it. And in 30 years if you feel like scaling down, you can sell that home for a massive tax-free gain and enjoy a pretty awesome retirement, or you can leave it for your kids, who will probably turn into entitled NIMBY shits when they realize its true value (the dream!). Like you said, the tough part for young people these days is actually getting started, as the barrier to entry for home ownership - even traditionally modest starter homes - is so much higher than it was a generation ago. I do think it's still worth it, though. I've been earning a pittance working part-time for two years, and I can afford to do it on the back of my condo's exploding equity (I was lucky enough to buy in 2015). Buying that place is easily the best financial decision I've ever made - much better than any stock I've profited from, and much better than buying Crypto in 2017. ExThaNemesis posted... I also think Landlords in general are leeches so I'll be doing everything I can to avoid ever having to do that. Generally speaking, agreed. I think we should be doing more to incentivize first-time home ownership, and even more to disincentivize multiple property ownership, and that doing so would be a huge net benefit to society. One home for everyone, ten homes for no one. --- Yoblazer https://imgur.com/gByqgPg <cite>CaptainOfCrush posted [p:954861541] in Stock Topi... [t:79483078]...</cite> <quote>Zachnorn posted... </cite> <quote>This is really the only reason why I'm investing now. Once I can own my home, I really don't think I'm going to play with stocks (as I'd likely sell them off) and, at most, I'll just throw money into my pension and Roth IRA and call it a day.</quote>That's the Boomer Wealth Special, and there's nothing wrong with it. And in 30 years if you feel like scaling down, you can sell that home for a massive tax-free gain and enjoy a pretty awesome retirement, or you can leave it for your kids, who will probably turn into entitled NIMBY shits when they realize its true value (the dream!). Like you said, the tough part for young people these days is actually getting started, as the barrier to entry for home ownership - even traditionally modest starter homes - is so much higher than it was a generation ago. I do think it's still worth it, though. I've been earning a pittance working part-time for two years, and I can afford to do it on the back of my condo's exploding equity (I was lucky enough to buy in 2015). Buying that place is easily the best financial decision I've ever made - much better than any stock I've profited from, and much better than buying Crypto in 2017. ExThaNemesis posted... </cite> <quote>I also think Landlords in general are leeches so I'll be doing everything I can to avoid ever having to do that.</quote>Generally speaking, agreed. I think we should be doing more to incentivize first-time home ownership, and even more to disincentivize multiple property ownership, and that doing so would be a huge net benefit to society. One home for everyone, ten homes for no one. --- Yoblazer https://imgur.com/gByqgPg</quote> ... Copied to Clipboard!
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