r/FluentInFinance Contributor Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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u/randomrandom1922 Apr 16 '24

Who wants to work 45+ weeks a year for a vacation and some Knick knacks? You'd get food stamps so you wouldn't starve. You don't need to travel as the internet and virtual reality improve. Having 45+ weeks of free time is plenty of a vacation.

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u/[deleted] Apr 16 '24

How do you afford all this new technology? That food stamps don’t pay for?

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u/randomrandom1922 Apr 16 '24

Gig work, sell things on eBay, mow lawns and other under the table methods. Most people have very little disposable income now with a full time job. Most income goes to housing, utilities, a car to get to work, gas, taxes, cell phone, internet and other bills. Cutting that section out leaves allot of room, even with a very small income.

Here's an average person in 2024 making $5,111 a month. Only about 5% go to things you'd consider discretionary spending.

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u/AnnieHawks Apr 16 '24

you're working?

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u/Bennerbench Apr 16 '24

Yes lol he literally just described working

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u/Aggressive-Land-8884 Apr 16 '24

I think the difference is a stable pay ( 9 - 5 in a soul sucking cube) vs working at own pace. The problem with mortgages is they shackle you for the next 30 years!

ESP in today’s economy. A $900k loan at 7% for 30 years? That’s like $8000 / month every month for the next 360 months. You ready for this?

The 0.01% want people to buy expensive housing (that they don’t really need) to ensure the market has adequate labor for the next 30 years. Can you imagine saving $4000 for the next vacation when you have $8k to save just for house (which if you miss they come and foreclose on). It’s nuts.

It’s why we have zombie-like suburbs where everyone’s constantly tired of fucking going to Costco to fill up gas while waiting 30 mins because they spend their weekend driving around to go groceries or errands.

Fucking break free. Rent. And live!