Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
I bought a house in the Denver metro area in 2015. I just sold it this past summer for more than twice what I originally bought it for. There’s asset appreciation and then there’s whatever the hell you call that.
I would not have been able to afford a house at current prices and I make considerably more than minimum wage. I don’t know how people are doing it.
I used to live on a farm where my boss owned a tow-truck business. The pandemic hit us hard and I couldn’t afford the rent, so I had to sell my truck and move into a bachelor in the city. Six months ago I had to downsize again to a bedroom in a rooming house.
Traditionally housing on average has appreciated about the pace of inflation. Along with supply and demand on a local level for places growing or declining.
I bought a house in the Denver metro area in 2015. I just sold it this past summer for more than twice what I originally bought it for. There’s asset appreciation and then there’s whatever the hell you call that.
I would not have been able to afford a house at current prices and I make considerably more than minimum wage. I don’t know how people are doing it.
We’re not.
I used to live on a farm where my boss owned a tow-truck business. The pandemic hit us hard and I couldn’t afford the rent, so I had to sell my truck and move into a bachelor in the city. Six months ago I had to downsize again to a bedroom in a rooming house.
Next move is the streets.
I’m sorry to hear that. I hope things get better for you so that doesn’t happen.
I don’t think they’re doing it at all. I don’t even see how anyone affords rent.
Everyone I know with a house got it 10-20 years ago when shit was actually affordable.
People seem to have forgotten that housing as generational wealth is meant to appreciate to a profit scale over generational spans of time.
Traditionally housing on average has appreciated about the pace of inflation. Along with supply and demand on a local level for places growing or declining.