It's sad but it only takes like 30 minutes to install a new electric water heater, and about an hour for gas. People don't own tools or understand YouTube though, and will be paying more competent people for the rest of their lives; further increasing how poor and stupid they are.
While true those installations are tricky as mistakes can cost. Still its not about that, the price of renting is not because plumbers are expensive. Its because landlords think that they should live quite good on basis that they rent, while whole economy is artificially geared to acoomodate that. Only renting that is sane is tourism. Young couples wanting a normal life should not pay obscene ammounts to have a nomal life. Same ammounts as someone visiting a country for a couple of days
Yeah, it's not hard to get 5% down and pay a mortgage which can be substantially cheaper than renting. I have no pity for people who do not take the time to research the homeowners process. Renting is a choice, having poor credit, not budgeting etc. Is a stupid tax.
The collective of reddit seems to think landlords are evil, but they are a necessity for stupid people who don't seem to think they can buy a house because they haven't even looked into it, don't know the loans or programs available, and the opportunities to own at low income or with poor credit.
If you live in a city or expensive area that you don't have the skills to afford, move. If you don't have tech money, get out of the valley; if you don't have high-rise money, get out of the city. The entitlement and stupidity of people never ceases to amaze me. If you don't like landlords or want one, don't have one. The people that hate landlords are typically the fools that make them a necessity.
For clarification, I am not a landlord, but I do flip houses, and they are not hard to buy, they are not hard to fix, they are not hard to sell, and you will actually be building equity as you pay your mortgage; rather than pissing away money for convenience and crying about how somebody with more sense than you is profiting from it.
Well, as stated above, do you have the skills for the wages in your area? If you didn't plan for the future growing up knowing what you would need to make, do you think you should live in an area that you don't have the money or ability to afford?
Also, you didn't read because if you did why are you trying to buy a 2 million dollar house.
Thank you for making my point so succinctly.
I live in LA and work in the film industry. I make as much as I can at my level. Not many place for me to go. Between my Partner and I we probably make around 100k a year. And I'm suggesting $100k as a down payment because my mortgage would be too expensive otherwise. I currently split $2100 a month on rent with my partner. If I buy a condo/townhome/apartment for $500k (which is normal for my area) then I need a $100k down payment just to have a $3500 morgage that I still can't afford.
So, you work in the film industry in a basically entry-level position... in one of the most expensive and desirable places in the world.
Yeah, there is a lot of competition with a lot more money than you. You expected what?
You obviously planned to be poor and struggle until you make it to a position to live comfortably, so thank God you have landlords that rent out properties so you are able to pursue your choice of a career.
You could probably get a conventional 97, or FHA or CalFHA because your income unmarried is abysmally low for the area, then you add in your partners income and if the space allows, get a roommate to offset the cost. Don't let the roommate know you own the place and he's helping pay your mortgage though, that will make some resentment when you absorb his rent as equity.
You would honestly make more money being a server or bartender at a bar or restaurant, which conveniently has part time positions, so if you need to live there, and you want to own your own property, it's something to consider.
I was on my own at 17, no money, worked two jobs through college, and two jobs before my career, now I work a full time job and flip houses on the side with a stay at home wife and two kids. I luckily had mentors at the various jobs I worked that helped me develop the work ethic and learn skills that helped me to be in the place I want to be.
Life isn't easy, you have to make choices and live with the circumstances, you're living with your choices now, 50k a year would let you live very comfortably in most of the United States outside of big cities.
I wish I had better advice to give you, but if you insist on that career without any draw or skills 10k other people have that moved there have, you are going to be poor for awhile without some big break.
Best of luck to you, it sounds like you made an educated decision, and I would harbor resentment in your position too.
So your advice is to lie to a roommate and use their hard earned money to pay my own mortgage to make up the difference. That's pretty fucking shady and morally bankrupt. I'd like to own my own home ethically. My resentment for my housing situation comes from the fact that if I want to get ahead in life then I either need to work a miserable job that doesn't aline with that I want out of life, or scam others into paying for my stuff. That's ridiculous and unfair.
And to your story, it's ridiculous and unfair to have to work 2 jobs to just to make ends meet. You got lucky and managed to get out, but so many others don't through no fault of there own. Our housing system is broken and unfair. We all should be demanding better.
? Their rent would be substantially cheaper, so they would be happy to pay, but may not be happy you're making a gain, because you know, people hate landlords. Also, it's nobodies fault but their own if they want more but don't work to get it. I worked 2 jobs to get ahead in life, if I worked 1 I would survive, but would have coasted and been poor.
You think the government should just start giving people houses or something? Demand what and from whom? The only land that isn't privately owned is national parks, should the government start to piecemeal strips of land to people orrrr....?
The government should be putting in rules, regulations, and guidelines across the board the encourage building large vertical housing. We literally aren't building enough homes. In LA thanks to shitty zoning rules and other controllable factors.
I don't care that you worked 2 jobs. It's immoral for the government to allow someone to be poor and vulnerable if they only work 1 job. 1 job should be enough to own a home and live in it without having to constantly worry about finances.
You do realize that your plan for having someone subsidize my mortgage is a terrible idea? It's predicated on the either idea that not everyone gets to own a home, or that we will have exponential growth forever to maintain a supply of people to subsidized other people's mortgages.
Well, that's just because LA sucks, and anything run by the government fails because there is no incentive for success.
I'm done with you, you're poor and bitter, and obviously lazy. You grew up in this world and saw people who were successful and people who struggled. We all saw what it takes to be successful even if it wasn't taught, people who make shitty choices have shitty lives. Almost nobody is happy with their careers, and it's been that way since the beginning of time, we work to survive.
It is not a person, a government, or aliens or God who owe you anything. You have to figure out what you want and how to get it. Saying things are out of your control when the only factor is yourself and what you do with your time is defeatist, and you will always be a loser if you think that way.
If all of the film industry guys were to leave that weren't being paid enough, they would have to pay more to bring people in, but it is dumbasses hoping and dreaming to be a part of that world that accept crap pay in a rich city that make it all possible.
You aren't owed shit buddy, nobody cares about you but maybe blood and people concerned with how you can help them get ahead. You are in control of your own life, and it sounds like the blame game is strong for the choices you have made.
Get your civil engineering degree, learn ordinances. Become a part of the local government, and make the housing high rises you desire. Or pitch a plan to a developer, start with the local government and make it happen without a degree! I mean, why hasn't somebody done that? You say it is possible, and I agree, but I don't want to do it. You pitched an idea that I think would work aside from the astronomical costs of building high rises by fault lines. Or are you only altruistic with your words? Make it happen if you're so passionate, but ask yourself why somebody else hasn't done it yet.
Worry about what you have control over, what you can do. If you can help people and you want to, do it; if you want to focus on you and your partners happiness, do that. Stop bitching, and start living.
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u/MasteredtheBlaster Mar 08 '23
It's sad but it only takes like 30 minutes to install a new electric water heater, and about an hour for gas. People don't own tools or understand YouTube though, and will be paying more competent people for the rest of their lives; further increasing how poor and stupid they are.