• 4 Posts
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Joined 3 years ago
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Cake day: July 6th, 2023

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  • Their position may not pay as well due to numerous factors that accomadate student employment such as scheduling and entry requirements. They have less time to dedicate to overtime or a side hustle. They have extra expenses to pay like tuition and text books.

    No matter how you cut it going to school increases your expenses and reduces the time availble to dedicate to making money. It is intended to be a trade off where you make more money and have more potential later on in your career but may have to put off earlier financial goals like home ownership.




  • Tbf most people who seek education before a house/family will have a delay in getting their house. They literally spent an extra 2-4 years not starting their career yet and also now have schooling debt.

    I am not saying that the housing market and education system is fine, I’m just saying this specific comparison is flawed.



  • I think a big part of the supply problem and the generational difference in ownership is the size creep of homes. Homes have been getting bigger and bigger to support the same sized families meanwhile wages have stagnated. Thats all extra flooring, walls, insulation, labor to build, energy to heat, wires to run, property taxes to pay etc. We need to change the way the supply is skewed and start offering more reasonably sized homes.

    Sure if you want and can afford a 2500+ sqft 3 storey house then shop for that, we build lots of those, but we don’t build lots of 500-1200 sqft homes which reflect the size of starter homes from decades ago. Many homes this size need to be custom built or are built by smaller developers. We don’t see entire neighborhoods of these sized homes anymore. Same goes for apartments, they’ve experienced luxury condo creep despite demand for that level of luxury being met already.






  • I’ve been diversifying into some long term stock options in some of my savings accounts. I live quite frugally so I am able to still save a bit while paying a bit extra to my mortgage. So far I’ve done pretty good in the markets but my trading accounts aren’t significant sums of money, when they do well I sometimes wish I invested more but when a stock is down bad I’m reminded why I keep those sums low.

    People underestimate what even $50 a month can do over time. Sure it might not be down payment money but it could be enough to build a safety net so you can try a new job or move somewhere else with a bit more behind you.