There's a lot of paths to success both traditional and non-traditional, but a lot of people think they'll get rich doing what everyone is doing to the letter.
Even right now, there are houses that a millennial working pretty much any job can afford. My mom bought a property with two houses for $30k CAD (1 cad is about .70 USD, so $21,000). With good looking houses? Absolutely not. They looked exactly like a meth lab. It was a run down shitty asset. But then she did what you do with an undervalued asset and started fixing it up. Tore out everything down to bare studs, sealed it up, insulated, rewired, put up new gyprock, built new walls, all the assorted stuff you need in a home, and sold the house for 110k, which is another price most millennials could afford.
So there's a few things here: it's a house in a second or third tier city. Most people want to live in New York or Los Angeles, well that isn't happening, get over it. It's a house that didn't start off showroom ready. Most people don't want to put work into a fixer upper, they want something they can just move into, and you're gonna pay for a well kept house.
But this wasn't the 1970s, this whole situation started for my mom in the late 2010s (2018ish she bought the place) and ended during the pandemic. She moved and lives in a other lower tier city in another cheap house.
Even right now, there are houses that a millennial working pretty much any job can afford. My mom bought a property with two houses for $30k CAD (1 cad is about .70 USD, so $21,000). With good looking houses? Absolutely not. They looked exactly like a meth lab. It was a run down shitty asset. But then she did what you do with an undervalued asset and started fixing it up. Tore out everything down to bare studs, sealed it up, insulated, rewired, put up new gyprock, built new walls, all the assorted stuff you need in a home, and sold the house for 110k, which is another price most millennials could afford.
So there's a few things here: it's a house in a second or third tier city. Most people want to live in New York or Los Angeles, well that isn't happening, get over it. It's a house that didn't start off showroom ready. Most people don't want to put work into a fixer upper, they want something they can just move into, and you're gonna pay for a well kept house.
But this wasn't the 1970s, this whole situation started for my mom in the late 2010s (2018ish she bought the place) and ended during the pandemic. She moved and lives in a other lower tier city in another cheap house.
- replies
- 1
- announces
- 0
- likes
- 2