The economy and the market | Forum

Ummm, do you watch the fucking news?

There are staffing shortages in every industry. Jobs are so plentiful no one that wants to work has an excuse to be unemployed.. In my home town you can walk into a 15.00/hour fast foood job by having a fucking pulse. Major Airlines are recruiting their best non pilot employees, and helping with student loans for them to go to flight school and eventually start at least 75k a year. 

Real estate values are varied. Formerly expensive places are levelling off, and formally cheap places are gentrifying to the cost expensive ones. Real estate generally rises with inflation. Without an across the board bubble I wouldn't be too worried the real estate market effecting you. Unless you live in a place that is gentrifying. 

Is this a real economic question, or are you just trying to look better than everyone again?

In my country, there is no shortage of homes for sale for now on. However, the number of people buying new apartments or land to build a house on has risen dramatically. Due to the low interest rates, more people are willing to take mortgage loans. This is a rather international trend as the central banks lowered the interest rates and the governments gave large sums of money to the businesses to help them thrive in spite of the pandemic and prevent unemployment. This can be reversed soon as the inflation is on the rise and the central banks are now trying to curb it by gradually increasing interest rates.

This doesn't influence me personally because I don't plan to buy any property soon. Sure, I could take a loan like nearly everyone but I consider it a trap. The rates were increased last month, this month they were increased again and there's possibility they will rise next year too if the inflation doesn't stop rising. It's a shaky ground.

You have to do your homework. They got me on the auto loan. I don't even remember now, but the interest was lower on one, the first one. One was auto type loan, and the other was a personal loan, and I qualified for both, but the first girl I dealt with got me a better deal. Just red tape. I don't like dealing with it. I just want the RED fucking car, and I don't give a shit about the tape. Just get it done.

Being single, I don't really need to own a home. I prefer to rent it.

Some will complain that a house is too much for one person, but I figure owning a house and paying property tax is more lucrative than paying rent.

Perhaps. But if you take a mortgage loan you will have to pay it back. It can take 30 years and devour a considerable portion of your income. It's much more here than the rent. 

Yeah you're right. I never had to deal with a mortgage. I guess luck plays a part too. All I got is just property tax and monthly bills. My situation is not as common, but with that being said I would prefer it over renting. I also have to do all repairs to the dwelling in this scenario, but it's still okay.

I guess it's whatever works best for your particular situation.