@middle_class_us 400k isn’t the median price for all housing. It only accounts for housing on the market which is skewed because of the large amount of nex construction that naturally have high selling price. The housing you want is unaffordable but the housing you need isn’t.
@OwneyCoin@FluentInFinance@barnes_law Manager roles aren’t high skill. Everytime I see a post like this I read between the lines. This guy was overpaid and didn’t realize it
@CyberGuyVick Very important to ask what the bonus metric are. I’ve seen companies where it’s virtually impossible to max. Always take the guaranteed higher pay over a potential bonus
@WesleyP65443@JimDuncanRVA@jonbrooks That was already factored in. If you didn’t pay interest you would actually end up + 9k even with a 30% drop. The -86k is because most of the payments go to interest. With renting 100% is lost forever.
@WesleyP65443@JimDuncanRVA@jonbrooks I did the math and with a $400k home, 4.99%, $2,150/mo mortgage = $2,150 rent. Rent up 4%/yr → ~$140k gone in 5 yrs. Buy + 30% price drop = ~-$86k equity. Even after a crash, renting loses ~$54k more. Rent is a guaranteed loss; price drops are unrealized unless you sell.
@zhaugenfootball@JimDuncanRVA@jonbrooks True. But what if they don’t. Better to not time the market and just buy when you can for what you can comfortably afford.
@WesleyP65443@JimDuncanRVA@jonbrooks You won’t lose 30k when you rent. You lose 100% of that rent. Never time any market. Save up and get in when you can afford it. Home price drops don’t matter if you use your home as a need not an investment.
@MatrixMysteries@sircalebhammer she’s got the ultimate list of useless liberal arts degrees. Loan issuerers should require proof of major every school year before issuing large student loans. The same way they check your income before issuing a car or home loan.
@deirradecoded Most of the demand is on the higher end. All of the tier 1 roles are getting outsourced to India. Not sure how the new guys are supposed to get experience.
@Mavrae4@pedsscrub@Mappy6984@SecVetAffairs@DOGE They get disability because they earning capacity is reduced and the years they will be able to work is also reduced. It’s important for them to get as much money as they can until the issues catch up to them.
@igobyauntiem@iamKierraD I don’t understand why they let the son run up the credit card that much. And they act like Cecil doesn’t work. There was more to the argument that the editors cut out.