Leave it to a man to find an opportunity in a bad situation.

Topic by chir

Chir

Home Forums Work Leave it to a man to find an opportunity in a bad situation.

This topic contains 4 replies, has 5 voices, and was last updated by Joetech  joetech 2 years, 8 months ago.

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  • #478171
    +7
    Chir
    chir
    Participant

    Bay Area rents are over $4000.00 for single rooms. Tech companies there pay well so landlords are screwing people while the getting is good.

    So one young guy figures out that if he lives in a truck he can save a cool 50k a year. He makes over 170,000 so he has paid off his student loans, and is stuffing as much as he can into his retirement. He could retire before he’s 40. (Unless he gets married then he’s screwed and will be a debt slave.)

    It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

    #478179
    Blade
    blade
    Participant

    Rents are getting out of control and the cost of housing is out of reach for alot of people in my country . Where i live we have noticed an influx of homeless .

    THE PLANTATION HAS NOW TURNED INTO THE KILLING FIELDS . WOMAN ARE NOW ROLLING CAMBODIAN STYLE .

    #478202
    +3
    BritGHOW
    BritGHOW
    Participant
    2566

    Same here, just had a look at a couple of property sites and in my local area:

    The cheapest 1 bedroom house for sale freehold (ie. you own the land the house it’s built on not some landlord who can raise the ground rent on a whim trapping you in a depreciating asset while bleeding you dry) is £190k
    The cheapest rental in the same area is a £600 a month on a shared basis or £750 a month solo both excluding utilities and council tax (typically £1.2k+ a year)

    The UK median annual salary for the year ending 5 April 2016 was approximately £28,200, in round figures call that a take home salary of £21,500 a year after income tax, national insurance and a 5% pension contribution.

    Someone on that salary could typically obtain a mortgage of between £90-125k, meaning someone intending to buy a home must save a deposit of some £65k at a time when interest rates are at their lowest level in history and the amount of printed money in circulation make almost every asset class a risky proposition with no prospect of either changing anytime soon.

    Put bluntly for the majority of my country the only hope of their ever owning their own home now is to either win the lottery, wait for a relative to die and leave them their home (and of course the chancellor will want his cut in the form of inheritance tax)

    We have similar stories here of people moving into mobile homes or canal boats simply because it’s the only way they can afford their own place. The scenario presented in the OP is a fantastic idea if it is practical and you can afford it.

    #478226
    +2
    Clint england
    clint england
    Participant
    341

    I think this kind of reduced cost living is going to become more widespread, i reckon the tiny home movement will be in the UK soon too.

    Of course ever being the conspiracy theorist, i would say the cost of living is being kept high on purpose by the elites, so that it keeps all of us worker bees noses pressed so firmly to the grindstone that our noses are starting to break and bleed.

    Mgtow helps as it keeps the huge costs of women out of your life and the asscoiated risks they bring. I’m in the average income bracket in the UK and i think it best to take regular time off from work. I do put a little away for retirement but with the rate of inflation, i really don’t think it will be worth much at all.

    Enjoy your life now, it’ll be over before you know. Don’t be totally reckless and stupid but realize we are all being ridden like a bunch of work pigs. As Charles Bukowski says “Your Life Is Your Life!”

    Spend it accordingly gents.

    #478513
    +1
    Joetech
    joetech
    Participant

    San Diego has always been expensive, but Seattle and King county in general are just as bad. I hear there are still areas in the US where housing is still affordable, but those places are in the middle of nowhere with poor local economies. It seems the world is turning into a vast desert of homeless people. Even here in South Carolina there are homeless everywhere if you care to notice them. The only way the average worker can afford their own place anymore is with roommates that have jobs. I see it everywhere. Kids living with their parents, couples, and people renting out rooms in their homes. We’re turning into a world of communes.

    "Don't follow in my footsteps...I stepped in something."

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