Comment on U.S. consumers are so fucked up, that they put more than $1 billion on buy-now, pay later services during Cyber Monday

thingAmaBob@lemmy.world ⁨3⁩ ⁨days⁩ ago

• Korhaka@sopuli.xyz ⁨3⁩ ⁨days⁩ ago

  I need a house though, most people don’t have 250k sat around. Of course in a major city multiply that by several times.

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  • thingAmaBob@lemmy.world ⁨3⁩ ⁨days⁩ ago

    One doesn’t always need to buy a home, but I don’t know your circumstances. Houses should be as affordable as cars, but I can’t even afford to pay on a 250K loan.

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    • BussyCat@lemmy.world ⁨3⁩ ⁨days⁩ ago

      A car weighs 2000-4000lbs and can be produced in a mostly automated factory

      A reasonable sized house still weighs 50-100k lbs that’s a lot more material and you have the land it is built on. It then takes multiple people days to build.

      Houses being as affordable as cars is a pipe dream

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      • Korhaka@sopuli.xyz ⁨3⁩ ⁨days⁩ ago

        I would build a cabin in the woods if it was legal to live like that. In the UK, it pretty much isn’t. You can have the cabin, but you can’t live in it.

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      • thingAmaBob@lemmy.world ⁨3⁩ ⁨days⁩ ago

        Yeah, it is a pipe dream. I’m just sick of the unaffordability.

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    • Korhaka@sopuli.xyz ⁨3⁩ ⁨days⁩ ago

      I need shelter. It is illegal for me to live in a cabin in the woods and any way to do it legally is almost certain to be rejected - I looked, extensively.

      So this just leaves renting or buying a house as the only legal options I have left. Maybe a boat, but locations for that are more limited and things can be expensive. Of the two choices, buying is way cheaper long term than renting and even pretty quickly short term depending on the markets.

      Remember, rent goes up every year. Your mortgage value remains as it was when you got it. A 250k loan isn’t going to be so much after a sum inflation rate of 50-100% several years down the road. Or about a week if Reform get in.

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      • thingAmaBob@lemmy.world ⁨3⁩ ⁨days⁩ ago

        Hey, you made the choice that was best for you. There are pros and cons for each, and right now my only option is to rent. I am extremely fortunate to have a very below market rate and will take advantage of this time to save all I can.

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