Will they ever be able to afford a house? - page 2.

irsykes

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Quote from: Xampeuu on January 14, 2024, 11:57:56 AM

Quote from: bitLeap on January 14, 2024, 06:24:26 AM

Quote from: AnonBitCoiner on January 14, 2024, 05:46:51 AM

Quote from: irsykes on January 13, 2024, 10:00:40 PM

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

There are two things that can enable people to have the house they want, the first thing is to have a clear plan and be disciplined about that plan, remembering that of course there will be our desires which must be managed well, because the longer the price of building materials becomes more expensive, the more expensive we will be. You can pay in installments to buy building materials according to the savings you have accumulated, of course you must already have a calculation plan for the house you will build later. and secondly, from investment, such as cryptocurrency, we get a fortune in an instant so that the money is enough to build or buy a house

management targets with rules that we consistently hope will all find bright spots that will happen to us, character growth, only we can choose positive patterns of our thinking power if we want to live a better life. I don't do it carelessly, I always have a target that I want so that life has more meaning. management is the main key

viananda2525

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Quote from: bakasabo on January 15, 2024, 03:40:10 AM

Quote from: Renampun on January 14, 2024, 01:05:56 PM

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Good management is not enough to fulfil such an achievement as a house. A lot of young people right now dont have life goal at all, compared to people of older generation. If we ask a young man what he wants to do or achieve in his life, he would most likely answer that he does not know it. Younger generation lives more relaxed life. They have little to prove to society. I wont way that they are lazy, but they dont have long term plans. If we speak exactly about the house, then some people think that they would rent now, but with time, parents will leave them their house, so there is no use working hard and buying own.

The development of the times is so fast and progress has now almost reached all corners of the world so that thought patterns and lifestyle changes have also changed. Generations Z and I see that some of this generation have also been able to achieve success by owning a house and a vehicle. They can do this because they have the will and determination to work and are able to take advantage of opportunities via the internet.

Then it's not just one field that they have to work in, the use of technology by doing traditional work also gives them the opportunity to achieve their life dreams. This means that life will not fail if they always instill the will to work in themselves without expecting an inheritance from their parents. In fact, I don't agree that young people can only relax because they see their parents have sufficient wealth, but a great young person is one who has the ideas and thoughts to continue working for his own future.

bakasabo

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Quote from: Renampun on January 14, 2024, 01:05:56 PM

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Good management is not enough to fulfil such an achievement as a house. A lot of young people right now dont have life goal at all, compared to people of older generation. If we ask a young man what he wants to do or achieve in his life, he would most likely answer that he does not know it. Younger generation lives more relaxed life. They have little to prove to society. I wont way that they are lazy, but they dont have long term plans. If we speak exactly about the house, then some people think that they would rent now, but with time, parents will leave them their house, so there is no use working hard and buying own.

Lorence.xD

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Quote from: Renampun on January 14, 2024, 01:05:56 PM

Quote from: AnonBitCoiner on January 14, 2024, 05:46:51 AM

Quote from: irsykes on January 13, 2024, 10:00:40 PM

...

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Those youngsters are quite smart as they are taking advantage of the internet or social media for them to earn money. Plus they even hire someone to manage their stuff so when it comes to money, someone who's experienced can handle all of their finance, schedules, etc. That's what I observed from some content creators or streamers, they are most likely to succeed if they can manage their finances cause there are still cases of being famous but having no savings and investment cause for sure popularity would eventually fade in just time. This kind of profession is also hard as well especially if you started with zero followers so it wouldn't be surprising for them able to buy a house at a young age.

Renampun

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Quote from: AnonBitCoiner on January 14, 2024, 05:46:51 AM

Quote from: irsykes on January 13, 2024, 10:00:40 PM

...

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Xampeuu

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Quote from: bitLeap on January 14, 2024, 06:24:26 AM

Quote from: AnonBitCoiner on January 14, 2024, 05:46:51 AM

Quote from: irsykes on January 13, 2024, 10:00:40 PM

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

There are two things that can enable people to have the house they want, the first thing is to have a clear plan and be disciplined about that plan, remembering that of course there will be our desires which must be managed well, because the longer the price of building materials becomes more expensive, the more expensive we will be. You can pay in installments to buy building materials according to the savings you have accumulated, of course you must already have a calculation plan for the house you will build later. and secondly, from investment, such as cryptocurrency, we get a fortune in an instant so that the money is enough to build or buy a house

nara1892

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Quote from: AnonBitCoiner on January 14, 2024, 05:46:51 AM

Quote from: irsykes on January 13, 2024, 10:00:40 PM

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Exactly, and the point is that having management in any case, especially finances, is really recommended, this will really be useful for minimizing expenses that are not actually needed except for some unexpected events such as maybe needing costs for treatment due to illness, but I think this cannot be made a full excuse because people who really have good management, of course they have good planning also in terms of their finances such as preparing savings for emergency funds, having good management and planning on finances will certainly make it easier for someone to achieve balance in any case and one of them is in dividing the allocation of money to build or buy a house.

Fortify

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Quote from: Greg Tonoski on December 24, 2023, 06:57:38 AM

Let's study the case of an average representative Gen Z and X. What is important or missing in the description (linked below)? What would you advise?

The gap has definitely widened, compared to what our parents and grandparents were able to purchase. It now costs many more multiples of salary to afford a home. Add to that there are lots of companies out there who are snapping up any properties they can with the idea that they can rent them out. High interest rates have actually caused a pause and slight reversal in this - forcing some landlords to sell up with interest rates so high that they had not factored in, plus an inability to raise rents in some circumstances. What we need is salaries to catch up a bit more and the gap to close, but home owners were always the more responsible parts of society. Anyone faces a lot of pain when saving for a deposit and some people are not willing to accept that reality.

bitLeap

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Quote from: AnonBitCoiner on January 14, 2024, 05:46:51 AM

Quote from: irsykes on January 13, 2024, 10:00:40 PM

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

In this day and age, everything is getting more and more complicated, especially if we don't have an awareness of the hall of things that are closely related to life. Management is one of the basics that we must have so that we are always on the right track when living life, because once we deviate in doing something that is out of the guidelines then we will find it easier to realize it and return to the right path.
I actually believe that everyone will definitely have a plan in their head, but the problem that happens is when executing the plan, sometimes we have moved before the plan is really well organized.

bakasabo

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Great table and comparison but Gen X and Gen Z have different opportunities, duties during same age. Whole life is different, much complicated. We have so many thing we want right now, that they distract greatly from buying that house. For example if we give up on latest mobile phone, TV, smart watch, tablet, notebook, car (at least first payment), all those unnecessary expenses (like daily coffee at Starbucks. Seriously, why pay $10 for a coffee, when it cost $1 to make same at home), we would save on first house payment easily. Instead, economy produce more and more (because there is a demand), people buy more and more, postponing major life purchase till end of the life.

AnonBitCoiner

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Quote from: irsykes on January 13, 2024, 10:00:40 PM

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

irsykes

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Quote from: slapper on January 03, 2024, 09:19:45 AM

Quote from: el kaka22 on December 27, 2023, 10:34:52 PM

I believe that affording a house could always be "easy" depending on how you approach the subject. Many people think that buying a house that you can live in is the way that you should start, and that's absolutely not the way you should start.

Starting up with a real estate business means you should start where you can afford, it could literally be a land that you have absolutely no house on, just pure land, if that's what you can afford. From there, you just put a small tiny shitty prefabricated tiny house, and sell that, then buy another and do it again, if you keep doing this again, you could buy a bit of a bigger land and put a few in instead of one, and then you could get a terrible home at a bad to mid level place, and renovate it and sell it. Going this way consistently will get you a great house, if houses are expensive, be on the owner side, not the buyer side.

Starting with what one can afford (land or a modest property) is prudent. Sound investing requires gradual asset acquisition growth, which this technique emphasizes. We must also evaluate the financial ramifications of such investments. Is this method taking interest, property taxes, and maintenance into account? These are essential for real estate investing profitability.

While focusing on incremental growth, market research and location analysis are crucial. Even a poor home might appreciate immensely in the right location. Renovations and flips take time and effort. Financial competence, market knowledge, and patience are needed. With these in mind, real estate scaling can be profitable.

Management is the main part of how to allocate finances in a gradual and stable manner. I agree with your words. but many people now want to build a house without using management, most of them now get a good location from all access but don't look at the financial contents that they have, which sometimes hinders the process.

highalch

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Yea, the thing is if say you have 1 BTC and by the time it appreciates so much to worth a house, maybe you don't want that house anymore.

The opportunity cost is financial freedom for the rest of your life

EFS

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In 2024 it's very difficult to own a house, I accept that. But people in this forum between 18-40 years old can own a house. Anyone who embraces Bitcoin, invests in it regularly and manages to protect those regular investments will earn enough money to own a house before they retire, I'm sure of it. Someone who works in a normal job and doesn't invest at all cannot naturally own a house. Those times are in the past. 50 years ago, houses were really affordable with a standard salary and a loan, but the world is not like that anymore.

JeffBrad12

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Quote from: Juse14 on January 10, 2024, 12:41:08 PM

This all depends on where you live. And I personally am a person who lives in a village far from the city center, but because of education and work, I decided to live in the city. For me personally, building a house in the countryside might not be too difficult, considering that the price of land is very cheap and I can take the building materials directly from nature. However, due to work demands, I chose to live in the city in a small apartment. Because if I had to build a house in the city, right now I don't feel like I can afford it. So let alone being able to collect building materials, buying a plot of land is quite difficult, because the price is quite expensive.

its always easier to build house at the countryside but the expenses of being too far from the city basically also means being too far from the general facilities should also be accounted.
after all, we need to drive probably an hour to a city thats already wasting some money for gas, but overall for those that are thinking that they couldn't afford house in city and just want some countryside vibe when they are retiring its definitely solid plan.
even more so if we could buy a large plot of land for the sake of doing some farming and so on when we are old, we could pretty much utilize the technology of AI for agriculture in few years anyway.

erep

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Quote from: erep on January 12, 2024, 05:54:32 PM

Yes, we don't have to focus on buying a house even though we have a fixed income, but we must prioritize saving for various unpredictable future needs. However, I have looked for information on social media and there are many house builders who offer housing with no down payment and low interest to have a dream home, I think this option should be considered because we cannot possibly stay in a rental house forever and house prices will increase every year

Having savings is indeed very important to be able to guarantee the needs we need in the future, but if we decide to buy a house without a down payment and have low interest, of course we have to think carefully so that when we are moving the house we are going to live in has a lot of problems. , in my opinion, with all the conveniences provided by house developers, I don't think the buildings being built have materials that can last for a long time and it is impossible for them to offer convenience with the little profit they get.

We may not know all the types of materials used to build a house because cheap prices without a down payment and low interest may not be realistic to guarantee that the house will last long, so make sure you buy a house from a trusted house developer and make sure the house developer never includes in the blacklist of customers who have ever bought a house from their company, I think a house developer who is certified in house building will not damage their reputation by selling cheap houses and using house building materials that do not meet the standard tools for building houses, but some companies or house developers Irresponsible people will do anything to gain profits that are detrimental to buyers.

Baki202

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Quote from: Juse14 on January 10, 2024, 12:41:08 PM

This all depends on where you live. And I personally am a person who lives in a village far from the city center, but because of education and work, I decided to live in the city. For me personally, building a house in the countryside might not be too difficult, considering that the price of land is very cheap and I can take the building materials directly from nature. However, due to work demands, I chose to live in the city in a small apartment. Because if I had to build a house in the city, right now I don't feel like I can afford it. So let alone being able to collect building materials, buying a plot of land is quite difficult, because the price is quite expensive.

Since the majority of what you said is true, I already have a lot to say after reading this. The natural features of a location will determine how much it will cost to build a house from the ground up. In the city, land is more costly, and if you look at it, you will spend more money there because there are more bills and building codes to follow, making it impossible to cut corners when building. The problem is that employment and education make it impossible to completely escape cities, and any money you make is still retained in the city.

The price of building materials has continued to rise as a result of people's failure to consider alternate alternatives. The problem now, though, is that if circumstances get worse, people will be forced to return to the villages. It's also preferable to live in a modest apartment while working to avoid having to pay extra for housing because you won't have enough money to purchase a home. Although the property may be inexpensive in some areas of the city, the building materials will now be the problem.

ndutndut

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Quote from: CageMabok on January 03, 2024, 10:28:07 AM

Quote from: Greg Tonoski on December 31, 2023, 05:23:46 AM

Phenomen of concentration may also impact the situation. In the past wider variety of land, area, accomodation were deemed suitable. Nowadays, more and more people live in cities and oftentimes can't live further away from them. As a result, demand for housing in limited area grows and vast majority of area outside of cities don't even enter the supply (from a buyer perspective). What are the factors that force Gen Z to live in cities or high price areas?

The short answer is because internet access is easy, which can be used to earn greater income than using more land in remote villages where internet signals are usually difficult to reach. So that is what causes the Gen Z generation to choose to move to the city or buy a house in the city so that they can support their work and activities in earning a better income. So it is no longer surprising that this has happened in several regions for certain reasons, even though the aim is easy access to markets and the internet which has always been used by many groups for their respective income targets.

I don't think it's that simple, the main problem is, why is it difficult for Gen Z to buy a house or land which is currently expensive? Indeed, the difference between buying a house in a village and in a city is different because of its strategic location. However, the main problem currently is that currently houses are used as an investment tool, so many rich people buy houses but in the end don't live in them because they are only for investment, making it difficult for generation Z to get a house. Every country must follow the example of Gen Z in Germany, especially Berlin. There are protests from generation Z because house and land prices are too expensive, as well as inflation which is getting higher every year and is not balanced by an increase in workers' wages. Finally there was a demonstration and a lawsuit was lost against the developer who sold houses and land at too high a price.

erep

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Quote from: Lantind on January 11, 2024, 04:22:04 AM

There are many things that must be prepared to be able to buy a house on credit and I think paying off a house in installments for 20 years is not an option that can be taken if you cannot have a fixed income, even if we have a fixed income it would be better to save the income we have and invest to be able to get the dream house we want.

Yes, not everyone chooses a house that is far from where they work, because it will be very tiring for them if they have to go to work for a long time. Of course it is very tiring if they choose a house that is far from their place of work. I think it's better for us to stay rent a house close to where we work and save the income we have and also invest part of the income we have.

Yes, we don't have to focus on buying a house even though we have a fixed income, but we must prioritize saving for various unpredictable future needs. However, I have looked for information on social media and there are many house builders who offer housing with no down payment and low interest to have a dream home, I think this option should be considered because we cannot possibly stay in a rental house forever and house prices will increase every year

Lantind

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Quote from: moneystery on January 10, 2024, 12:01:59 PM

i think it depends on the country, because in my own country, the government here gives relief to young people to be able to buy a house with installments of up to 20 years with the expectation that more young people will be able to get access to decent housing and there will be more areas that will develop after being inhabited.

however, the problem is that the houses that are usually offered are in suburban areas and not all young people want to live there, especially if they work in the city center and have to drive for hours to their house just to sleep.

so this is a dilemma for many young people here, and i think also globally, because they are faced with buying their own house in the suburbs or renting in the city center close to their office.

There are many things that must be prepared to be able to buy a house on credit and I think paying off a house in installments for 20 years is not an option that can be taken if you cannot have a fixed income, even if we have a fixed income it would be better to save the income we have and invest to be able to get the dream house we want.

Yes, not everyone chooses a house that is far from where they work, because it will be very tiring for them if they have to go to work for a long time. Of course it is very tiring if they choose a house that is far from their place of work. I think it's better for us to stay rent a house close to where we work and save the income we have and also invest part of the income we have.

Topic: Will they ever be able to afford a house? - page 2. (Read 1024 times)