'That's so AI ' What gen Alpha's biggest insult tells us
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'That's so AI ' What gen Alpha's biggest insult tells us
Unofficial Hacker News client; not affiliated with Y Combinator.
DarkNova6 · · focus · HN ↗
Insanity · · focus · HN ↗
For e.g millennials, we didn’t have internet until our teens, and the early years of the internet looked very different from the ad-infested hellscape that it is today.
amelius · · focus · HN ↗
KPGv2 · · focus · HN ↗
In like five cities in the USA. I live in a top 10 city by population in the USA (so it's not "flyover"), and the median home price is 288–319, while median HHI is 89. That's easily in the recommended home loan range of 3*HHI.
Look, I'm sorry you can only be happy living in SV, but there's plenty of jobs in the boring parts of America, and the homes are affordable.
All that being said, homeownership is largely a scam, financially. Use your downpayment as a market investment and rent. You'll end up with more money when you retire, and as a bonus, you aren't tied to one geographic location if you lose your job.
The only reason apartments can even exist is because of economies of scale. If you have one rental property, it's virtually impossible to make money (certainly not in a way that outpaces index funds) because you don't have the economies of scale at your disposal.
garciasn · · focus · HN ↗
Homes in the median are generally not viable unless you don't have a family or don't care about quality schools. In my city (90K), two houses that are identical but divided by the school district boundary between rank #1 and rank #265 out of 359 is a difference of $300K. One would be within the median and the other well above.
And let me be clear: ALL HOUSING IS A SCAM FINANCIALLY. Rent screws you one way and housing screws you another.
Izkata · · focus · HN ↗