Are drivers spending over 1/2 their income on rent/mortgage & utilities?

[PreTrippin’]

Stupid bastards, I own 2 homes

One for each ex wife

 

[UnionStrong]

One for each ex wife

Not quite, my dessicated friend

 

[UnionStrong]

WDFD

 

[Sacrificial Lamb]

Same. All the zoomer drivers in my building cant afford a decent home and are paying rent damn near my mortgage.

The way it’s headed is that more people will opt for multiple families living in the same household. Might as well make it your own family. Unless the market corrects itself in the future which I don’t see it happening tbh.

 

[Over70irregs]

The way it’s headed is that more people will opt for multiple families living in the same household. Might as well make it your own family. Unless the market corrects itself in the future which I don’t see it happening tbh.

I’m looking for side by side duplex.

 

[Over70irregs]

Which situation would you rather be in:

Option A:
500k invested in the S&P500
400k Mortgage @ 6.6% paying $2,555/mo

Option B:
100k invested in the S&P500
Fully paid off home.

 

[anonymous23456]

Which situation would you rather be in:

If you are intending on selling the house to the next sucker:

Option A:
500k invested in the S&P500
400k Mortgage @ 6.6% paying $2,555/mo

If you intend on living at your house until you kick the bucket or ready for reverse mortgage:

Option B:
100k invested in the S&P500
Fully paid off home.

All in all, S&P 500 alone is the wrong choice.

 

[Brownwind]

Which situation would you rather be in:

Option A:
500k invested in the S&P500
400k Mortgage @ 6.6% paying $2,555/mo

Option B:
100k invested in the S&P500
Fully paid off home.

The S&P did pretty well over the past decade.
Look at how much you’re making on your 401k. If you got 500k depending on your age you’re doing pretty well in most situations. I’d recommend to keep doing what got you there .