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Cake day: July 10th, 2023

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  • 0x0001@sh.itjust.workstoMemes@lemmy.mlreligion is harm
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    9 months ago

    Cherry picking verses is not the same as refuting an argument. The books say many things that are not practiced. In reality children are in fact taught to rely on supernatural powers.

    To prove my point:

    Say “Nothing will befall us except what Allah has decreed for us; He is our Protector.” Let the believers, then, put all their trust in Allah. -Quran, 9:51

    “Trust in the LORD with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.” -Proverbs 3:5-6










  • Investors, and not just mega corporations, local investors are a major issue.

    We have collectively come to understand the idea that you can get free money by buying houses and renting them out. If you talk to any lay person and ask them how they’d spend a million dollars the most common answer seems to be “buy property”

    Our issue is in our collective minds, but the inertia of the idea means it will probably never be fixed unless there’s a catastrophe




  • I don’t disagree that spending less on transportation helps to save for a down payment. Finding inexpensive and reliable cars is not an easy task, but for people who were lucky, like myself, to find one it makes one chunk of the budget easier to stomach.

    I own a home, so I’m not speaking from a place of woe is me, but from a position of empathy.

    Don’t forget you have to qualify for your mortgage, even if you have a downpayment. Lenders will let you spend up to a max of 43% (and most far less than that) of your pretax income on your mortgage payment. If you’re the average household, 6275 * .43= $2698.25 monthly maximum payment. The average home price is $420,385 as we established earlier. Minus our down payment you could almost (but not quite) afford the loan with a PITI of 43%, the new payment would be around $2700/month with interest rates as they are today around 7.5%. But let’s say you are above average income wise for the sake of the narrative.

    Oh shoot, $2700/month? That changes our household budget, now you’re spending at least an extra $800/month not including maintenance, utilities, and the many other expenses that come with home ownership. If you take that money out of your transportation budget you’re left with $300/month, hope you don’t have any surprise expenses! If your property taxes go up you have to give up something to afford it. Lose your job, lose your house. Paycheck to paycheck for the next 30 years, sounds like a nightmare to me.

    On top of that affordability is getting worse, living expenses are rising, wages aren’t rising as quickly, the average person who didn’t luck into a home already will be less and less likely to afford one.