Millenials have been conditioned for this brave new world, and they love it. We live in a communist Intellectual Property matrix, there is no such thing as private property any more.
Generation Give All Your Money Away To Someone Else And Having Nothing To Show For It In Return.
I paid rent a few times but you want to know the truth about it, try to find a building out in the country side somewhere that has a sturdy foundation and frame. Don't be concerned with how it looks on the outside, you can change that in almost the blink of an eye in construction time frame. Once it's weather-proof move in it and start working on the inside.....I turned my grand dad's tobacco packhouse/barn into a home, it's some work but with a little work and some imagination it can be done.
Rent basically is about the same as a boat which is a hole in the water you pour money into, but if you have a boat you live on oh well THAT'S a different story....always liked the idea of a houseboat.
Dakota, let's rent a couple of scooters and go get a latte.
Thanks for everything, Boomers!
>Why don't you man up and take on some crippling debt!!
Gee this sounds like college all over again. But since if I listen to your bad advice it's my own fault and my own responsibility? I'll politely take a hard pass on this one.
As a landlord I love this! It puts more renters on the streets. That means I can drive my rent sky high. ** I LOVE capitalism!**
Save up, take a loan, buy cheap land with bad house. Grow your own vegetables, get chickens, etc. Renovate your house room per room. After a couple of years you have a nice renovated home, you can even resell it for profit if you want.
For the ones that I know, their main issue is standards. They don't want to change their life styles after they move out. They want a house at least as nice as their parents'. They want everything clean and new.
The concept of working to earn your place in life is missing. You don't start at the top.
CONTRARY RIGHT VIEW: MILLENNIALS HAVE CUT OUT THE MIDDLE MAN
Most of the comments on this seem to derive and mock #Millennials. While I am no fan of their #ClownWorld idiocy, there is another view here.
Late age #Boomers and #GenX ers live on perpetual #credit, i.e., they have been in debt since their 20s. Principally, they have student loans, car loans, mortgages, and credit card balances.
Heed my words: Everything that you buy via a credit card for which you do not pay the card balance in full at month's end is being financed. In short, if you're financing something in perpetuity, you are renting it, in effect.
Here, I must hand it to the Millennials. They have cut out the middle man, the credit card / banker / credit issurer. Of course, if Millennials are using credit cards to pay for directly renting, they are as stupid as their debt-laden counterparts of Boomers and GenXers.
If money existed, the consumer credit would be a fraction of what it is and so would renting. The fiduciary monetary system produces many evils. This is yet another one.
#USA #SocialLIfe #USASocialLife #economy #debt #credit