curiousaur

You might need medication.

Have you all just tried getting a grip?

I imagine a lot of people making that much did exactly what I did. Over-leverage but temporarily. House poor basically.

When COVID hit I was renting in the bay area with my girlfriend. During lockdown I proposed, and after deciding we want a family, decided to take our bay area salaries elsewhere to buy a house.

We traded our 3k rent for a 2k mortgage with 1k insurance and taxes. Even.

But, leaving the bay we needed cars. My one little two seater wasn't going to do it, we're starting a family. So we got two larger cars, right when the market was inflated. Financed both of them.

The new big property we got has a little barn, let's renovate that into an ADU for guests and to generate rent. Didn't have the cash on hand so took out another loan about the same as a car to fix that up.

Now we're strapped, basically living month to month. But those secondary loans were all 5 year loans, so in 2 more years they're paid off, freeing up about $3k per month.

I basically don't think any of these articles about people making that kind of salary are taking into account how weird a time covid was. Lots of people made big changes while interes rates were low, purposely over-leveraging themselves. It also gave everyone this yolo attitude as well, like fuck it all, treat yourself.

I'd be more interested to revisit this in 2027 when any 5 or 6 year car loans and secondary loans taken out during the record low rates are all paid off.

Same spot here. Took my permanent remote SE job to a depressed but beautiful coastal California town. A lot of folks seem to dislike me for some reason.

I'm honestly curious, what did they think "fixing the borders" meant?

Better than accidentally serving the diabetic regular instead of diet.

I had a psychiatrist tell me he'd keep seeing me weekly until he gets bored of me.

I honestly regret not over-leveraging myself to get a second property while the rates were that low.

You first.

They already fear. What we're seeing happen is the reaction to that fear.

Not can't sell, would be stupid to sell. Why would I ever give up my sub 3% loan? It's the closest thing to free money a normal person ever got. Even if I wanted to move, it makes more financial sense to rent out my current house just to keep this loan.

And buy up more houses when they become available. Because too many available houses will drop the price of their current holdings and they can't allow that, so they are obliged to keep snapping up anything that drops below market, keeping the price up.