Current Events > Why do millennials complain about paying rent?

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Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

Shut the fuck up

I can't tell if people are serious with these topics, or they just think saying absurd things with no punchline is funny

Al Bundy paid like 50 bucks a month, and complained about it nonstop.

AlBundy33 posted...

Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

Ya except most wont even qualify for the loan.

you can buy a house*

*nowhere near where your job is located

AlBundy33 posted...

Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

First of all, I pay $193 for rent.

Second,

Irony posted...

Shut the fuck up

AlBundy33 posted...

Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

yeah until you have to pay 50k for a new roof in 2 years lmao

furb posted...

you can buy a house*

*nowhere near where your job is located

Just buy the building you work at and move it closer to the house you bought. I swear, people don't even try to figure this shit out. Ya'll just lazy.

Because they expect me to pay rent when they won't fix my damn door

OP I'm concerned that you're 30 years too old to be on this message board

lol tc doesn't know how mortgages work

AlBundy33 posted...

Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

Theoretically.

Yea I was quoted at a $100,000 loan at $800 a month.

PrettyBoyFloyd posted...

Yea I was quoted at a $100,000 loan at $800 a month.

Nice. Average home cost where I live is currently 500k. So what would that be monthly at the same rate? Oh ya, $4k

daynlokki posted...

Nice. Average home cost where I live is currently 500k. So what would that be monthly at the same rate? Oh ya, $4k

4k??? My house is 510k and I pay 2025

AlBundy33 posted...

Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

getting the 30% down is impossible with student loans

The main obstacle for most is the down payment. Saving tens of thousands of dollars on a low-meduim income on top of life's other numerous expanses is nothing sort of a nightmare.

And many also seem to forget that housing is a competitive market. So in higher demanded areas you could be competing with many others on the same property

People saying its difficult to buy a house hasn't spoken to a real estate agent or a loan agent. Many people just assuming its impossible without trying.

I moved and got a house and a job and stuff

Really wasnt hard

I pork less fat chicks too. Hot chicks like mortgages. This ain't the 70s where rent was hip and meant you're dtf

CoorsLight posted...

I can't tell if people are serious with these topics, or they just think saying absurd things with no punchline is funny

I'm like 90% sure this is copied from a previous topic

darkprince45 posted...

4k??? My house is 510k and I pay 2025

Did you read what I quoted? That would be the reason for the cost explanation. Jesus.

daynlokki posted...

Ya except most wont even qualify for the loan.

Yep, people seem to underestimate how many people have bad credit. You really don't need to be making a lot to buy a house but that credit score and job history better be on point.

LeoRavus posted...

Yep, people seem to underestimate how many people have bad credit. You really don't need to be making a lot to buy a house but that credit score and job history better be on point.

Plus you need to be able to save a down payment, which most living paycheck to paycheck wont be able to do.

sLaCkEr408___RJ posted...

People saying its difficult to buy a house hasn't spoken to a real estate agent or a loan agent. Many people just assuming its impossible without trying.

Not sure if joking or serious

AlBundy33 posted...

Buying a house is not that hard, if youre paying over $700 for rent, you can buy a house, and most likely pay less for your mortgage

This sentence is pretty telling. There's no way you still don't live at home with your parents if this is what you think is reality.

For the record I'm a home owner.

Millennials? You mean those 40 year olds?

daynlokki posted...

Nice. Average home cost where I live is currently 500k. So what would that be monthly at the same rate? Oh ya, $4k

It depends how much you put down in the beginning, but that's pricy for a 500k house.

A buddy of mine bought house north of a mill and has a 3500 mortgage. He put 20% down

daynlokki posted...

Plus you need to be able to save a down payment, which most living paycheck to paycheck wont be able to do.

Luckily I was able to save up for one living with my parents. People who move out at 18 may have more of a struggle.

CharlesBronson posted...

yeah until you have to pay 50k for a new roof in 2 years lmao

Easy to tell who has never owned with comments like this.

Because they want everything handed to them. Free education no rent. Us gen xers and older have values.

How much does the average house cost? does a single person really need a house?

I really just need a single room. Give me a pod home with a communal bath close by and I'll be fine. A whole ass house is just a waste.

Buying a home is not always feasible

Why do the old accounts never get banned for trolling?

You can have the income, the credit history and the down payment, and still just be faced with "we don't think that house is suitable for a first home buyer" on literally EVERY house you look at unless it's well beyond what the bank will actually lend you (meaning you've got to, on top of the down payment, also have cash to cover the portion they won't loan of the price).

I'm not usually one for conspiracies, but there is no fucking way this is not all by design to keep wealth in the boomer generations' hands.

VigorouslySwish posted...

getting the 30% down is impossible with student loans

I put down 5%
Who puts down 30% as a first time buyer?

Once you own a house it just snowballs into bigger houses and more wealth, like any good investment. I sold my first house and bought a much nicer one in only a few years. Now I have like $200,000 in equity. 4000 sqft house with a $1600 mortgage.

kelemvor posted...

I put down 5%
Who puts down 30% as a first time buyer?

Once you own a house it just snowballs into bigger houses and more wealth, like any good investment. I sold my first house and bought a much nicer one in only a few years. Now I have like $200,000 in equity. 4000 sqft house with a $1600 mortgage.

I love it when people delusionally think their story is a template for everyone and their situation.

The house you bought, the neighborhood you were in, and more doesn't represent everyone. This is coming from someone who bought, sold, and bought another house as well.

This is all I want/need.
https://gamefaqs.gamespot.com/a/user_image/2/8/3/AAfBQBAACvHj.jpg

NatsuSama posted...

I love it when people delusionally think their story is a template for everyone and their situation.

The house you bought, the neighborhood you were in, and more doesn't represent everyone. This is coming from someone who bought, sold, and bought another house as well.

Did you put 30% down on your first house?

In Florida they have programs I assume based on credit scores, where you can have a first time buyers grant that can cover the down payment, or a portion, that's zero interest and doesn't need to be paid back until the end of the loan term (usually 20 to 30 years.)

So me and my wife took advantage of that and were able to get a nice little house in 2018, and didn't pay out of pocket for the down payment. And whoever said a roof is 50k is insane. Maybe for a massive house with a metal roof, but, ours was around 20k, and in my area hippo roofing has financing.

Ultimately, we took advantage of every avenue we could throughout our search for a house and whilst owning it.

Will_VIIII posted...

This sentence is pretty telling. There's no way you still don't live at home with your parents if this is what you think is reality.

For the record I'm a home owner.

@Will_VIIII As am I, I havent lived with my parents since 17

AlBundy33 posted...

@Will_VIIII As am I, I havent lived with my parents since 17

X Doubt