Quote:
Originally Posted by Ludepower
This was true 15 years ago but with 1 bedroom condos renting for $2000 in downtown. You might as well buy the damn thing.
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True, but I know of a lot of kids that rent that $2000 condo downtown and have 4 people living in it. Also, that condo in downtown is probably close to $1mil so you're mortgage is definitely not $2000
You also have a choice where to live. I mean if you're dropping $2k for rent, you can always find a place for $1k and invest $1k. Most likely that's not going to happen.
The younger generation doesn't focus on the future. They focus on the present. Society has molded them to spend because yolo. Hell, when I was younger I had the same mentality. Now that I'm older (35), priorities change. I have a business, a family, mortgages, bills etc etc to worry about. I can't just play all the time. I still drive a beat up 2001 accord damn it.