Why are millennials not saving up to buy a house or apply for credit cards to build up their credit score?

Why are millennials not saving up to buy a house or apply for credit cards to build up their credit score?

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Because I'm depressed and lazy.

was it autism?

stop posting these millennial threads you cunt.

you always post pictures of that ugly tomboy looking thing

Right, this is where they always start, right?

Im here for answers.

because most of us know we're about to get fucked harder than anyone can possibly imagine, we knew shit was fucked after 9/11, we've seen a decade and a half of complete fuckery. Most of us are too fucked with student debt to think about a house. And like honestly, a lot of fucking good my 850+ will do me after shit hits the fan.

t. really glad I actually didn't fall for the buy a house meme, and do it on credit goy.

Interest rates are going up Sup Forums. hope you've been clearing your debts.

Too busy living with mommy and daddy and putting my excess money towards expensive food, beer, and hobbies reserved for richer folk.

I won't even fucking deny it. I do it on purpose. What's the point of working hard just to scrape by in life when I can work hard at my job and live a life 3X nicer than I could live if I fell for the fucking debt meme? I already tried that once in college and paid down that shit as quick as I could so I wasn't being cucked by the debt Jew.

forgot your picture of steve o

My mom told me not to get a credit card because it's "money I don't have" and to just use my debit. They also said to not get a job and focus on classes because a degree will get me a job.

Now I'm 23 and realize you need credit to make good credit and degrees don't guarantee anything. Listening to my parents really fucked me.

glad to hear you're taking a similar approach user. So scared for our peers who fell for the debt meme

>apply for credit cards
Because they're a scam.
>build up their credit score?
No onr should have a debt score. Being able to maintain debt is not something to be proud of.

Same age user, parents gave me the same advice, thankfully I'm an ass hole and fought them the whole way.

They meant well, and their lessons were good, but they grew up and thrived in a different world.

They will never realize their world is one most of us will never get to live in

Because credit (aka usury) is a trap and you have to pay property tax (aka rent) to the government to own a house.

i just recently built my credit but i'm almost 27 and i never had a credit card until i was 25, i'm not saying it's super great but i my car insurance went way down because of the credit i've already built

this, score based on timely and above minimum payments

yah fight the system maaaaaaannnnn

your good goy score

youtube.com/watch?v=InfvncOn6_U

>student debt.
Community college is just as good in some cases and is much cheaper your fault for getting a useless degree and not taking advantage of government grants.

Massive housing bubble in Canada right now, chances are if you don't already own a house you never will, even houses in far off suburbs with no jobs are going for 700k+

because i'd have to save for 10 years to afford a two room outhouse in dumbfuck nowhere. and if i did i wouldn't be able to afford dragging the credit card around stores just to pay back more than i spent.
the rules are against us so most people don't bother playing.

Same girl?

>Buying a house right at the end of a real estate bubble
Thanks, no. I'll wait.

No

House to wage inflation is through the roof. Why waste your money on a broken market. Nobody wants to invest in the fraud anymore.

They're doing dabs instead, you moralfag

Canada does definitely have some good community colleges, and while they are marginally cheaper than universities there is a very big distinction between the university and college level. Here you go to college for trades and technical knowledge, and unfortunately that is seen as inferior to a Uni-Degree.

As for government grants, we have them, they're not plentiful, but the good news is you can get a government backed loan, if you're parents are below a certain tax bracket that is.

You retards do realize you need some kind of credit score when applying for jobs right?

Primarily a lack of opportunity.

The number of jobs is going to slowly approach zero as automation and outsourcing increase. The companies who profit from outsourcing and automation don't reinvest much of the money here. Even when they do invest money here, it's often in companies which have very few employees (think uber, airbnb, etc).

As a result, even when companies do very well, they don't usually need to increase hiring (in America) to keep up with demand.

Most of the available jobs are bullshit jobs like burger flipper and cashier positions, which don't pay enough to live comfortably on your own.

There's also insanely unbalanced state tax systems which rely almost entirely on property tax, disincentivizing home ownership (New Hampshire, New Jersey, etc)

Other factors like degree inflation and a lack of experience also contribute to the problem.

Also, if you're a full-time college student without a job, it's usually illegal for banks to give you a credit card because of the Credit CARD Act of 2009.

It's important to keep in mind that in many societies, several generations living in the same house is perfectly normal.

>the rules are against us so most people don't bother playing.
nailed it user.

It's like joining a game of monopoly when moneybags already bought all the properties and put up some hotels.

It's as if you don't like over-investment, GDP growth and mark-ups.

Fucking idiots.

I use credit card for everything. Don't live beyond your means. Pay it off, in full, every goddam month. (((They))) award you with goodgoy points. Give you free money, rewards, and shit...

i feel your pain aussie user; I hear your real-estate markets are as fucked up as ours.

t. avg home price in toronto is now $1.3M

Connecting the Dots (FULL) - How the Financial World Will Collapse (1991 Lecture at USC)
www.youtube.com/watch?v=MUyWmmWtcFM

Haha you're a fag. I work multiple jobs, am a full-time student at university that is one of the top schools to get into my career field, am completely debt free paying my own tuition, saving up to get master's degree all while having great credit and enough extra income to play around in the stock market.

because what's even the point

Prove it.

Lol

Got a mortgage 3 years ago at 3.5%

Property value has increased 10-15% year on year

Hurr durr da joos the debt meme

Its great to use the jews money to make more money. But i guess when you have jew in your blood line it's easier. White men struggle to understand leverage, they're slightly better than niggers tho

I bought a cheap house. I'm only a single man, so I don't need much. The house is small, so it's easy to heat; and since it's small, it's easy to fix. This spring I'm going to insulate and drywall it better.

Pic related: My backyard.
I have a shit ton of credit cards, trying to up my credit score so I can apply for bigger loans if I need them. I'm going to start a business in the next couple of years or so, as soon as I'm done with work.

>oy vey goyim make sure you get your credit score nice and high so the banks will loan you enough that you can never pay it back
>make sure to fully fund your 401k so we can take it through management fees and market manipulations
yeah sure OP, the banking jew sure is a great plan to buy into

22, have $15,000 saved, $45K in student loans. I'm hoping to have enough to make a downpayment by the time I'm 28-30.

Women who cosplay just to attract the tiny boners of virgin gamers are fucking pathetic.

Nothing triggers me more than the face of this stupid cunt.

See

>cosplayer

AKA - Whore

Living with your parents as an adult is embarrassing or paying the rental Jew for no equity makes you a retard.

...

Because america doesn't require down payments on homes, and paying interest is for cucks

Clearly the solution (according to cuckservatives) is to give the rich even MORE tax breaks and inflate that bubble even more. Nevermind that Trump gave away the game, and pretty much confirmed it will keep happening.

People always say that socialists are bad at economics, but then a thread like this comes up and nobody but socialists have anything to meaningful to say.

Glad someone said it itt
The most punchable fucking face ive ever seen

>paying the jew 3.5% the value of their house just for having had more money than you
yeah good work burger, paying rich people to be rich is definitely fantastic for our society. Enjoy the taxes when you sell the house underwater as the bubble bursts again (what, you didn't think they fixed anything, did you?)

You can't build credit or save money with no job, minimum wage or if you live in a major city where the rent is over 1/2 your monthly income.

>avg home price in toronto is now $1.3M
>you need to make about 250k to afford the average house in your home town
JUST. Mark my words, this will end it tears.

Community college is full of ghetto trash and trailer park trash

t. college fag with no actual credentials but great at sounding super cool and important

Why are you encouraging people to fall for Jewish tricks?

How far out does your property reach in that image?

No, it will end in profit. For the rich. Not for you.

Well faggot, I guess that makes two of us. I'm literally in your situation, just slightly north of the border. Except I've opted out of the raw deal that is
>buy this degree dumb goy, it will get you a job
2 years into my econ and finance degree I realize that you can do a lot better just working for yourself in an entrepreneurial capacity and that we're all about to be made into the biggest bag of shit holders this world has ever seen

Guess what poor faggot, you can roll your capital gains tax free into the next property .... XD

yeah I'm gonna need a sauce on that

...

Pic related is my last 7 days in stock performance. I'd rather not disclose exactly how much money but it's a sizeable amount. Not sure how I'd prove everything else

Not far, but it's mostly government land out there, so I just do whatever the fuck I want. I'm planning to build a patio and a fence, so it will be a little more cozy.

i'm scared for you user, Your interest rates are going up tomorrow and your neighbours won't be able to refinance in order to keep those 10% gainz.

call your realtor is all i can suggest

Hnnnnnggggg she has the best cosplay

what are your predictions for this week?

saw red all day today.

Go to bed Finyx

WHY ARE YOU PUSHING HER
SHE DOES NOT LOOK GOOD
CAN YOU STOP DOING THAT ? ATLEAST PICK A BETTER LOOKING WHORE

> "entrepreneurial capacity"

Pro-hint:
Giving blowjobs for weed isn't being an "entrepreneur."

the trick with credit is to only have 1 source and use it regularly and pay it off in full before the interest accrues.

if you cant do that , then live on cash.

A lot of people are going to loose a lot of money guys. It will end in tears, but we know its coming, it can end in profit for us. (any other /biz/raelis here?)

We are moving rapidly towards John Calhoun's death phase, unless something is done within the next few generations we will reach a critical mass of societal degeneracy which cannot be overcome. Not only are we becoming behaviorally degenerate but the system of organization (government) meant to regulate the growth of our population and also industry has been failing us consistently and encouraging those behavioral aberrancies.

I tried to buy a house. Applied for a home loan to buy a cheap $50-80k hovel to use as a home base while I travel the country. 750 credit score, no debt, $25k in the bank, got shot down because "limited credit history."

I would have done it, but nobody would lend me money because despite my goy points, I still had not made enough "risky" financial decisions such as financing a POS car or maxing out credit cards for them to give me money.

Yet my brother who had not $500 in the bank, had wrecked his credit score severely in the past with stupid payday and title loans, was approved to borrow money for a $180k house that he'll lose the day he gets injured at his job. He literally called me up asking to lend him $500 for a """bank snapshot""" so he could get his loan approved. My dumbass stepdad wound up loaning it to him.

Fuck me.

>"multiple jobs" aka McDs and Starcucks shifts
>Just a student, literally nothing to flaunt in the way of actual achievement/career progress
>"Paying for own tuition" = paying 45k a year out of pocket by yourself? LUL
>Play around in stock market = sink a fiver every week into some faggy Millennial "investment" app

typical Millennial fag with nothing to show but wanting to seem so cool and accomplished

>7 days
>relevant
show ~2yrs at above 16% or w/e it was

If the Fed raises interest rates look for stocks in the Financial sector to get a boost. In turn, other markets will notice a small bump.

Because I'm depressed and lazy.

Yeah I'm nearly done with my degree and just about had a meltdown that i was wasting my hard earned money getting a piece of paper that would not result in a guaranteed job. Jobs in my field look for work completed and portfolios not grades and degrees. I'm only gonna apply for a master's because my university said they'd get me a well paying job that will pay most of my tuition in addition to monthly salary

Nah, I just want to see the misery caused by the cycle of capitalism end.

If you literally just charge less than your monthly disposable income and get 5% cashback to boot, what's so bad about using a credit card?

I assume people know how to add and subtract.

top kek user.
you were right about the weed, not right about the blowjobs.

Turns out dispensaries are an even better cash business

>why are millenials ignoring what the jews brainwashed their parents and grandparents to do?

I'm pretty certain the market will take a nice sharp dip at some point in the near future. If by rich you mean 'super rich' aka bankers then yeah they'll make out like bandits. The people who are paying mortgages on these properties are going to anally raped financially.

I did some trading in the past. Made some nice doe after 2008. You might be right.

>Capitalist and individualist nations experience collapse between a few hundred up to a few thousand years after inception.
>Communist nations can't even manage a solid century before collapse, with some of them not even managing to go a few decades before collapse.

>Yet my brother who had not $500 in the bank, had wrecked his credit score severely in the past with stupid payday and title loans, was approved to borrow money for a $180k house that he'll lose the day he gets injured at his job.
the bank knows that. he will pay 10% of the house, lose his job, cant pay the loan, and the bank gets the house.

how man acres just curious?

I;m going to buy some land soon. Trying to guage how much I want. I'm thinking at least 30

... are you my little brother user?
I was really hoping he was the only leaf-commie we had to deal with.
You guys need to more thoroughly research your (((Marxism)))

>Yet my brother who had not $500 in the bank, had wrecked his credit score severely in the past with stupid payday and title loans, was approved to borrow money for a $180k house that he'll lose the day he gets injured at his job.

See youtube.com/watch?v=InfvncOn6_U

BXE and BLIN have been my best cheap stocks recently. I'm still keeping on eye on a BXE pop and good reentry for BLIN

>millennials don't build their credit score
>banks start denying them credit
>banks are now in problems since they relay on lending money to survive
>the required credit score to buy stuff actually falls down until it reaches an equilibrium with what millennials are willing to ask credits for

This is a non issue.

Robinhood is actually a decent brokerage app. Better than Loyal3 by far and being improved upon as it goes. More and more options being added. For someone who wants to get into the Wall Street day to day, it's a great place to start. Or if you have the money for it, TD Ameritrade is definitely the best option.

FYI, you can use TD's app to research for free but prices are on a 20 minute delay.

>no arguments against the theory
>just muh jews
Fuck off, cretin.

if you live in Toronto call your real estate agent (I know a few)

List your house asap and rent for the short term.

The market is so over valued, I don't know when it will pop, but when it does you don't want that million dollar mortgage on that shitty suburban home.

>a fucking shart
Go masturbate over your GDP rising while your living standards are falling.

Lol you are buying this? trading newfag wait for confirmation before buying a pullback don't just catch a falling knife you just got lucky

They are cucked by leftist ideology and expect to have life handed to them on a silver platter.

>im better than them so I'll get 10x the debt!
Typical entitled trash
The people at community colleges wouldn't put up with your bullshit anyways

Do you think BXE is going to see a turnaround if Trump goes full on pro-fossil fuels and starts supporting more drilling and more pipelines?