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RE: The Housing Bubble Is Cracking (Again). By Gregory Mannarino
I'll be 47 in a week and it appears I will never own a home (except maybe a tree fort in the woods WAHOOOO)......Rock On / STEEM On Brother Greg!!
He is right wait for the crash ..
And I am 57 and have a house and don't want it lol..
To much work ...so rented it out.... let someone else pay for it and mow the lawn..
Moved on my sail boat ... no lawn to mow now lol..
Now just sittin' on the dock of the bay
Havin a good day sittin' on the dock of the bay !!!!!!!
R u sure you are doing it right .. Life looks good from here...
i can't believe a sailboat is easier and cheaper than a house. all the ones I've ever met who had a boat said if I ever wanted to know what it felt like owning one to just shove money down a drainpipe and splash some water on my face.
Yup bring on another thousand BOAT
But we are at the point that having that house and piece of land will now cost you more than a life time of labour ... At this point I am not willing to spend my entire life servicing that debt and spending every weekend mowing and fixing ...
2000 for mooring pin
20 thousand for 60' sail boat ...got a good deal...
10 thousand to equip with solar and wind power
Monthly bills 0 now that i have paid for it
2000 every 3 years for haul out
Fuel beer women my ford pickup and 5th wheel parked at the lake where my buddy keep his jetskis the rest of my money goes to this lol😎🍺
Not retired yet but ready to lmao👍
You understand economics and life so well.
Or buy a home after the crash ;)
They'll all be "shotgun homes" or "crack houses" after the Crash. Gutted-out deathtraps as people both ransack them for anything of value and tear up what's left in frustration.
You are saying that every single house that was sold after the crash of 2008 was a shithole? I don't believe that.
And even if every single place was a shithole, the land, a certain neighborhood and the house after a renovation would still have made it a good investment.
Let me clarify: inner-city homes, where most of the people that argue with me base their "real estate can never go down" arguments. I have read online several times about unrepentant city councils that keep property/land values high, despite their unworthiness and high crime rates in the area. Take Detroit. Take Baltimore. We're talking about more than just single renovations needed, but entire neighborhoods.
If you can buy a well-kept house after the Crash, my hat is off to you. But the odds are against more than a handful of success stories.
I'm 26 and also doubt I will ever own a normal home, but I am pretty certain I'll be able to pick up some land and a bus after this all blows up.
My wife and I recently embraced the tiny house movement and moved into an RV and are traveling the country seeing beautiful things and meeting great people.
That's great! I have wanted to for years now. Many people are living the life here in Colorado, and after this lease ends in October I plan on joining.
It takes some getting used to, and a lot of downsizing... But it's totally worth it. The one caveat is that there's so many folks embracing it that you need to plan far ahead in order to find a spot. Unless you're boondocking.
Ideally I'd like to buy some land for a home base, but until then we will be roaming lol. We'll see where cryprocurrencies go this year, fingers crossed!
Indeed! We'd like the same thing. Maybe start up our own RV Park, but still continue to roam.
Forget the bus 80% of the planet is water ..go sailing lol
Plus the ladies will find you more attractive ...True I have seen it ..
Woman seeking men with boats ..please send picture of boat..
That is a very good point, and it would make eating a lot easier. Sadly, I have a lust for land. I would love to spend some time on the water, though.
Where on Earth is your favorite place to sail so far?
Only sailed around the vancouver island area .. But always dreamed of fiji ... Retire in 3 years and you never know ..got some pics of my boat on my blog ... So until then spit polish and paint
You'll probably be better off with that in mind!!!