The “you don’t want to own anyway” crowd in shambles.
Oh it’s not a worry, it’s a reality.
They won’t.
Most people renting are going to be renting until they die.
They’re just too stupid with their money and think they’re entitled to more than they can afford.
Edit: And they get mad whenever anyone calls it out.
That’s not fair, they could just be stupid - that is to say, they likely just struggle with acquiring readily-available info/knowledge and applying it in their decision making.
stupid (adj.): Marked by a lack of intelligence or care
intelligence (n.): The ability to acquire, understand, and use knowledge
What do you suggest people do with their money instead? It’s not like you can stop paying rent to save up for a down payment. And with rent on the rise everywhere, it’s not necessarily an option for most to find something cheaper.
If they really want to get out of their situation, they will have to live frugally while saving money.
This means doing things like finding the cheapest place to rent (probably with roommates) and always cooking your own meals. If you really are struggling, then make sure you also get the government benefits that you are eligible for.
But most people think they’re “too good for that” while complaining they don’t have enough money, which is where entitlement comes in.
Please don’t pretend that most renters are doing everything they can to save money. They aren’t. Every renter I know that complains about not having enough money isn’t living in the cheapest spot, orders food all the time, and subscribes to things they can be getting for free.
It’s overwhelmingly people who are bad with money and think they’re entitled to more before others have less.
So your solution is that poor people should never have joy, entertainment, experience life. They need to get in that hamster wheel and grind till they die?
Honestly you people who think life is all about grind, are the saddest people on earth. It’s like you have Stockholm syndrome for capitalism and billionaires
First, you’re assuming that renters are people who “want to get out of their situation.” Lots of people rent their whole lives by choice for the flexibility and choose to do other types of investments instead. That’s a perfectly viable financial strategy.
Second, you assume that people who want to be homeowners aren’t already doing everything they can and are entitled. That’s not necessarily true in a system that’s stacked in favor of those who already have much and against those who have little. It’s the typical “got mine” attitude.
Not good enough.
The other 60% have already accepted it and aren’t worrying about it anymore.
It’s weird how in one of the richest countries in the world, many people even couples with 2 full time incomes can’t afford a house?
It’s extra weird, since it seems to me many American homes are built with rather cheap materials compared to Denmark where I live.
What makes even weirder, is that USA is a country with a lot of room on average for building and expanding living spaces.
Seems to me this may be a case of lacking political planning.
It’s because all that money is just being funneled to a select few people.
It’s why “making more money” isn’t the solution. As soon as renters make more money, rent goes up. It’s why they’re also so gung-ho about making more money. They’re not making more money for themselves; they’re making it for their landlords.
I truly believe most people in this generation are too stupid to spend their money wisely. They just do what everyone around them is doing.
Can you expand on the superior Danish building materials? Genuinely curious.
Basically that many houses in USA are made of wood, we can’t do that here, because the climate is too wet. So wood doesn’t last very long. That means we need to make brick houses. Brick houses are way more expensive to build than wood.
Also many places in USA don’t require the same level of isolation.
In large parts of Sweden they can make wood houses too, and their house prices are way lower than here.
I’m not saying American houses are bad, but the climate in large parts of USA allows for more and cheaper options.
Not the person you’re asking this from but as a Finn who watches a lot of construction related videos on YouTube I too get the feeling that houses in the US are built to a lower standard than here. It’s not so much that the materials are worse quality but more that the building code is much stricter here.
I’m a plumber by trade so my area of expertise is quite narrow but couple things that come to mind is how copper pipes are often soldered in the US where as here they’re always brazed which is a much stronger joint. We also don’t allow any connections to be made inside walls but in the US they’re common. Toilets there also tend to clog up quite often because of the way they operate which almost never happens here. Another thing I’ve noticed is that in the US they use a lot of wood and plywood even on bigger structures which poses a fire hazard as well as there doesn’t seem to be as much thought put into the insulation and vapor barriers.
in the US they use a lot of wood and plywood even on bigger structures which poses a fire hazard
they are a HUGE fire hazard and are nominally illegal except for a convenient loophole, as long as you claim you’ll be adding automatic sprinklers, you can sidestep a lot of the fire safety permitting – now they just burn down during construction before the fire systems have been installed …
It’s weird how in one of the richest countries in the world
Not that weird when most of the riches are held by a handful of people. The rest of us are just trying to get by.
Yes that’s a problem, still Americans have higher average pay than most countries. With lots of room and cheap materials, it should be relatively easy to afford a house. And AFAIK it used to be that way. People could afford a house, car, children and health insurance on one income.
With lots of room
Country size is irrelevant. People like clustering together in cities.
It’s a mix of outdated zoning laws, investment firms buying up all the available housing and car centric infrastructure
