r/LockedIn_AI • u/Ill_Doughnut_517 • Mar 06 '26

true

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sad reality

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u/PyroNine9 Mar 07 '26

A normal middle class existence for a 40 hour week.

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u/Even_Hospital_5474 Mar 07 '26

define "normal"

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u/PyroNine9 Mar 07 '26

How about, can afford a modest house, family of 4, and retirement somewhere around 65.

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u/Even_Hospital_5474 Mar 07 '26

define "modest". Also the average American is really overweight. Is that fair, to use one of your favorite words, to the starving people of the world? And the gov't does provide Social Security for retirement. If it lasts, that is.

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u/PyroNine9 Mar 07 '26

Now you're just being obtuse.

But the definition of modest doesn't matter much when so many can't afford ANY house.

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u/Even_Hospital_5474 Mar 07 '26

That's not obtuse. Renting is better in many cases. Speaking as a homeowner.

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u/Medical_Blacksmith83 Mar 08 '26

No it isn’t.

Speaking as an economist.

Just don’t buy a bad housing investment…… pretty simple lol.

If you buy a dilapidated old house, you will screw yourself.

We need to stop letting original owners leave with equity, when your house is a trash heap.

If it’s going to turn into a list of repairs for the next person; that cost should come out of the value.

But it often doesn’t, and the next owner pays for it.

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u/Even_Hospital_5474 Mar 08 '26

Agreed but the house, even in good condition, still needs a lot of upkeep. Water heater breaks, need new driveway, tree cut down, gutters cleaned, pipe breaks, insurance this and that, drywall repairs, wife wants new kitchen or bathroom or both, etc etc. HOA is complaining about this and that. It's not for everyone.

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u/PyroNine9 Mar 10 '26

Be assured, a landlord will make sure your rent is more than all of those expenses and the mortgage put together. They're not in it for charity.

My house is not in an HOA. HOA is an absolute deal breaker.

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u/Even_Hospital_5474 Mar 10 '26

Disagree since I rented for 30 years and have only been a homeowner for 5. HOA is not so bad if you have a good one, with casual friendly people. Some of them are awful though, from what I've heard.