homes cost 11ty billion dollars, and if you are single making crap wages, you can live in the ghetto and get your crap stolen every day and your face pounded or you can stay home and be a fat pig. single, but fat and happy pig. did i mention lonely and single yet?
Lonely and single forever. I have an uncle who is lonely and he hibernates in his apartment and gets drunk. I have a friend who took over his dying aunt's house. He has a house and only works in the summer at a motel. He's single and watches James Bond marathons in his skivvies in the dark! Then he cries to me about wanting a girlfriend.
Who wants to live like that?
What we have here is a generation that cannot get it's shit together, no way, no how. I know, I know, every generation says that about the next one, but in this case it's true. Even with a college education, many have no clue. Very sad.
I remembered just now that I bought a memory foam bed at Costco a couple years back and my buddy was like well I kind of want one but i have a perfectly good 20 year old.bed. so he has a mattress he feels attached to that he's had for 20 years. Thinking about it well , he might just be really comfortable with things. And I guess that probably is a good thing since we'll were all trying to be comfortable in the end.
ehh... i care more about whether someone has the means to move out at a certain age rather than whether they actually do. If you are making 120k/year, there is no shame in living at home because you know in your heart that you are capable of supporting yourself if you choose to.
What we have here is a generation that cannot get it's shit together, no way, no how. I know, I know, every generation says that about the next one, but in this case it's true. Even with a college education, many have no clue. Very sad.
True story:
I still live at home. In fact, I live at home with my brother, sister, and my parents. We are living in a 2 bedroom, 1 bath basement unit in San Francisco. I share a room with my 30 year old brother. My 27 year old sister stays in my parents' room. We were immigrants in 1998 and came here with absolutely nothing.
My brother currently makes about 100k/year. My sister makes 60k/year. I make 130k/year. My parents both worked their butts off for the last 16 years at below minimum wage(paid with cash). We don't have any student/car loans. We paid everything off.
We saved and saved for 16 years. We ended up with $600k in savings.
Last month, we purchased a $1.3 million 3 unit house in San Francisco. We plan on living in one of the units, and rent the other 2 units out. After the rents and tax deductions, we pay almost nothing in mortgage.
Life was hard in the last 16 years to be honest. For a guy making $130k/year, I still lived in a room with my brother in a bunk bed. But that's what you have to do when you had nothing to begin with. I feel like I wasted a lot of my youth from age 22 to 25 because I had to live at home. But I felt like it was the right thing to do because my family is set for a very long time. I just couldn't see my family staying at our current place for so long. I could have easily rented a $2k/month apartment by myself but I wanted to save up to help buy a home for my family instead.
It's funny how people think living at home is shameful. Those people are lucky. Their parents have homes for them. And not everyone who lives at home is a loser and depends on parents. I live at home because I need to take care of my parents and family.
I see college for what it is -- with a few exceptions (STEM, medical fields, accounting/finance, comp sci), it is a scam and with a few exceptions,
I'm sure that last statement will elicit anger from many people and get me flamed, but anyone attending law school today outside of the top 10 programs is a fool unless someone else is paying 100% of the cost.
Uhh, you know what "STEM" stands for, right?
How much debt did he go into? He is one of the lucky ones. There are tens (hundreds?) of thousands of law school grads who are severely underemployed because of the lack of jobs and are in six figure debt.Edit: Also wanted to comment on this. First, you mean T-14, and second, I used to blindly believe this as well, but my roomate graduated from Temple Law, which is a tier 2 school, only two years ago and he has an okay job (~ $60k) he expects to make $80-$100k in the next few years.
What we have here is a generation that cannot get it's shit together, no way, no how. I know, I know, every generation says that about the next one, but in this case it's true. Even with a college education, many have no clue. Very sad.
Loser. Sorry but its the truth. What self respecting woman wants a momma's boy with a fancy car and no balls? He's missing out on life simple as that.
How much debt did he go into? He is one of the lucky ones. There are tens (hundreds?) of thousands of law school grads who are severely underemployed because of the lack of jobs and are in six figure debt.
And you're right, I should've said T-14 -- I was reading an article on the MBA the other day and I think I got confused and used some of the numbers from that article.
True story:
I still live at home. In fact, I live at home with my brother, sister, and my parents. We are living in a 2 bedroom, 1 bath basement unit in San Francisco. I share a room with my 30 year old brother. My 27 year old sister stays in my parents' room. We were immigrants in 1998 and came here with absolutely nothing.
My brother currently makes about 100k/year. My sister makes 60k/year. I make 130k/year. My parents both worked their butts off for the last 16 years at below minimum wage(paid with cash). We don't have any student/car loans. We paid everything off.
We saved and saved for 16 years. We ended up with $600k in savings.
Last month, we purchased a $1.3 million 3 unit house in San Francisco. We plan on living in one of the units, and rent the other 2 units out. After the rents and tax deductions, we pay almost nothing in mortgage.
Life was hard in the last 16 years to be honest. For a guy making $130k/year, I still lived in a room with my brother in a bunk bed. But that's what you have to do when you had nothing to begin with. I feel like I wasted a lot of my youth from age 22 to 25 because I had to live at home. But I felt like it was the right thing to do because my family is set for a very long time. I just couldn't see my family staying at our current place for so long. I could have easily rented a $2k/month apartment by myself but I wanted to save up to help buy a home for my family instead.
It's funny how people think living at home is shameful. Those people are lucky. Their parents have homes for them. And not everyone who lives at home is a loser and depends on parents. I live at home because I need to take care of my parents and family.
Hope you didn't miss this gem about law school:
http://www.theatlantic.com/features/archive/2014/08/the-law-school-scam/375069/
Found it yesterday. Very interesting and reiterates much of what I've read before in the past year or two.
On topic though, if this guy has 300K laying around and three luxury cars, he should have his own place. Buying a place isn't necessarily a sunken cost, and can be treated as an investment - an investment he can live in and work on. It's not even that he afford his own place, but he can do it comfortably, so he's out of excuses. It's one thing to not purchase a place if it would make you completely dependent on the job, versus having a 5 year buffer because you've got so much saved up. I thought the purpose of saving up money like that was so that you had the freedom to do stuff like that.
A woman who likes to spend his man's money?
Yeah I've been reading up on law school and MBAs the last couple of weeks. Even going to a top tier MBA school might be risky at this stage according to some of the articles I read. My viewpoint is that if you want to go to law school or get an MBA, do it on someone else's dime. And by "someone else's dime," I don't mean a loan.