this post was submitted on 16 Oct 2023
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My parents once asked me why I didn't have enough savings to buy a house yet.
I almost lost my shit.
The only people my age that I know who own their own house are also drug dealers.
Guess I should sell drugs if I want a house.
I had a legitimate talk about doing this with my girlfriend. As much as I hate how sketchy it is, it still just seems sooo tempting.
But is it worse than tricking other people to work 40+ hours a week doing whatever you say and giving you most of the value they create? Because that’s the other option.
Plus if you buy a bunch of houses you can get them to give back most of the money you pay them.
Depends on whether you sell harder stuff too I guess.
It's like selling merch to the maga crowd. It's obviously really easy to scam money off those people, but it's so scummy I can't bring myself to do it.
Funny fungus is cheap, quick, easy and low stakes with decent margins if you're careful. Or so I've heard
Just accept the fact you’ll never own a house and will forever live in a shoebox.
A whole shoebox? Luxury. My 27 brothers and I lived in a bit of rolled up newspaper on the street.
In comic, dystopian reality, selling drugs (really just weed) was how I graduated college debt-free, and graduating without debt was the only way I could take out/afford a loan for a house.
So apparently, it's true what they say, whether planting or selling trees, the best time to do it was 10 years ago. The second best time is now! (Except don't)
I'm not sure if selling weed alone would be good enough in a legal state. I could corner the market on LSD tho. Ain't nobody got that 'round here!
I mean if you can work out how to synthesize it. I believe it requires a fair bit of equipment and chemistry knowledge.
And then get to sell the stamps you made yourself and nobody knows if you fly or cry, when taking it? You better already have a trusted distributor, already in the game, waiting. Probably you should not distribute it anywhere to close to home. You'll want to have any issues related to it, to exist preferably in another universe.
There are many more things to consider and plan beforehand, unless the plan is not to sell drugs.
I wasn't suggesting to actually do this. I was trying to point out that it's quite difficult to make in the first place....
i figured - i was also trying to back up your point.
english is not my native language, sorry for the misundertanding
I think I remember reading there's a legit tek somewhere out there; the catch is that there are also a lot of fake teks, either because they're supposed to be satire, or because someone's trying to look good on a random forum and they know no one will actually try it due to equipment requirements. Additionally, I think you can technically do it with stuff at home, but the quality and yield would probably be shit, which is something you don't want to fuck with when it comes to ergot.
You don't necessarily have to use ergot though that is probably simpler. I believe there is a total synthesis.
Not too far from reality where I live. One dude already is doing time because he was blatantly dropping cash payments on things like a HOUSE and multiple cars.
The feds had a FIELD DAY with him.
Damn I just thought about it and the only home owner friend I have that isn't a drug dealer, is a cop.
I think you're on to something.
My guy sold weed until he owned a house then had a kid. He figured he pressed his luck long enough. He also had an effective laundry.
I'm 35, and if you squint a bit at the mortgage, I "own" home. With my partner. And we'll be paying it off for another 27 years. And we're the lucky ones of this generation.
Buying a home with saving, fucking lol
Well, the good news is if you have a fixed rate mortgage the crushing amount of incoming inflation may cut that back to like 15-20 years!
I'm a couple years older than you, but my partner and I feel incredibly lucky to own a home as well. We bought an abandoned property back in 09' for 35k and have spent the last ten years fixing it up. If I wasn't able to borrow 20k from USAA back then, I don't think I'd even be able to afford the rent in my neighborhood nowadays.
Once I hit my 40s, massive home diy projects have either become necessities (too expensive to hire out), pipe dreams, or like PA DOT working on route 202 in my youth (never ending with incremental steps that never improve the experience of driving). The energy loss is off the hook, and I’m not a flubbynutter.
Seriously. Our house is 175 years old and hadn't had much work done to it since the last major renovation in the 1920s. People ask me if I renovated it myself. I laugh and explain that no, a crew of full time professional carpenters, roofers, masons, demo experts, plumbers, electricians, plasterers, and painters spent over a year on it. I just don't think anyone has any concept of how much work is involved in real renovation.
Fortunately interest rates stated low enough that I could keep borrowing more and more and more money to pay all those people. But now I'm trapped and can never sell.
Pay off over 15 years if you can or you'll pay about double the total value just from interest.
I do like that theory. Unfortunately my wallet disagrees with it. Thankfully we've locked it in for 2.2% for 20 year, and semi-realistically we should be able to pay it off before that runs out. But the official period is 30 years, since that's the legal maximum.
Gotcha. Well consider adding a couple hundred bucks towards principle each month--it would still make a gigantic impact over the term of the loan.
ask them why didn’t they have savings to “buy a private yacht yet” at your age, because I would guess it’s roughly similar in the proportion of pay/cost
LOL when my father asked me how much savings I had, I immediately knew that our life experiences were vastly different.
My daughter is buying a house at 24. People are still buying houses with mortgages.