Quote:
Originally Posted by 68style
Only a small man takes delight in the downfall of others.
How can you fault people for wanting to make money? Especially given affordability issues here… what other chance do you have here to get anything besides taking huge chances on moon shots? And then having giant faceless and crooked corporations or entities change the rules behind their backs?
At least they tried to do something instead of just accepting things how they are.
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I'm not faulting them for wanting to make money. I'm faulting them for thinking they've found a goldmine that will pave their future with glory and solve all life's problems. Then those same people go on bragging to people who don't invest in whatever it is they're in on only to find their whole world crash and burn.
Quote:
Originally Posted by 68style
You sound like the American Dream... it don't work so well anymore.
You gotta hit a stream of some sort to even buy a condo here now... whether it's a parents money, inheritence, stock win, BTC win, whatever it may be... you can't just put your nose down and jump through the life hoops anymore. You need a big break.
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I do believe hundreds of pages ago in the real estate thread myself and others made complaints how it's sad that we can't even live in the cities we're born and raised in. The general replies that were given were saying if you can't afford to live here.... move away. That's one of the replies I do believe was said to me. You know what I did? I moved further away. Went from a 5min commute to work to 30+ minute commute on the highway before 6am when traffic is minimal so I could live within my means. Do I like it? No. Do I accept it? Yes.
If living here and being able to buy a condo/house is dependent on a breakthrough in crypto/stocks then you probably shouldn't be living here. It may work for people, it may not. When it doesn't, don't go crying.
If the housing market crashes and all the people who've been saving up to reach a down payment realize that those who overpaid and have an insane interest rate are now forced to sell at a severe loss, a loss that wouldn't even cover their mortgage, would you feel bad for them or take advantage of the situation and buy their property?