I don’t need to worry about this as I was removed from my father’s will for not supporting Trump.
I know you’re probably kidding but if I was you I’d just fucking lie.
I’m not kidding and I’d never lie about my hatred for the orange-utan just to receive money.
(Morbid joke) Lie about it to get back in the will and when your dad dies, buy a Biden billboard
Have Biden’s face etched on his tombstone.
When The Times is insinuating murdering your parents you know we’re at the spicy part of late-stage capitalism.
Literally how I bought my house. My mom died and I was a beneficiary on her life insurance. That was my down payment. I call it the Dead Parent Lottery.
Bump off your siblings too. No need to share.
If it’s good enough for the Kingdom of Stormhold, it’s good enough for you.
Ash is a badass and a legend.
Image Transcription: Twitter Post
Ash Sarkar, @AyoCaesar
A sign of a healthy economy is when you tell a whole generation to sit tight and wait for their parents to die.
[A Twitter screenshot of an article from “The Times”. The headline says “Millennial? Saving for a house? You might need an inheritance.”]
Distribution isn’t part of the models. The economy is fine. Eat your dirt.
I dislike my parents so I’m probably the target audience for this article.
On one hand, of course shit is too expensive and wages need to be higher, but on the other, while home priced have increased for sure over the past 2-3 years, the reason they’re really unaffordable right now is high interest rates, which adds hundreds to monthly mortgage payments but which is a temporary situation.
There have been periods of high interest rates in the past, and they’re always followed by periods of low interest rates. Back when the Fed’s interest rate was basically zero for well over a decade prior to 2022, mortgages were cheap, but there were no savings mechanisms where you could get more than 0.5% interest, so everyone plowed their money into the stock market, which put people at higher risk of loss. Now you can find a CD or HYS with a 5.5% APY, which was unheard of before, and which is definitely outpacing inflation right now.
My point is these things come in cycles, and I have hope that mortgages will get cheaper again. This does not mean you will be able to buy a house in Seattle or Boston for the same price as 2005 though, the demand for certain markets has certainly made those markets less obtainable.
home priced have increased for sure over the past 2-3 years,
House prices have been going up faster than wages for a lot longer than that. There was a lot of talk about how unaffordable housing was when the pandemic struck. Then, central banks globally plunged interest rates to practically zero. So money got really cheap for a while and loads of people jacked up their house prices even more.
high interest rates, which adds hundreds to monthly mortgage payments but which is a temporary situation.
They’ll come down, yes. But I very much doubt they’ll drop as low as before the pandemic. Rates had dropped in 08 after the credit crunch and a lot of central banks had never returned their base rates to their historical average. In my country the central bank had announced a plan in about 2018 to gradually raise the base rate from around 1% to I think it was 4% over the following 5 years.
