ICannotSanctionURBuffoonery
108343
1634
55
Jul 8, 2023 2:24 PM
ICannotSanctionURBuffoonery
108343
1634
55
gunnergoz
What the 1% wants you all to believe is available to all Americans. Right. Sure. Whatever.
CaptainRedHook
that’s just living at home with extra steps
dryrunner
I bought a 250k house at 20 by working every waking hour I had. That's not an option for kids these days. They make $5/h more than I did, but my house is worth 1.2m.
Hyndisfox
Unfortunately by the time I was able to save up for a 250k hour, the house now costs 750k (or higher). It feels like no matter how much I advance in life things just keep getting more expensive, so I'm only treading water.
elBirdnose
I really fucking hate these "articles".
MrKomisiripala
She pulled herself up by her parents’ bootstraps
mPony01
Bankstraps
HuskerCO
Wait... She only put $7500 down?!? And she has a $2k a month payment? And her interest rate is almost 7%?
UnorthodoxLady
I wonder if she's planning on flipping it with that little down
ballsoutflyer
"it's easy to be rich when everything's paid for you."
sherlockhooves
Fuck Fortune. Trying to continue the meritocracy myth of the rich.
TheSpanishIndian
I had a friend from Aspen, CO, who didn't understand that I couldn't afford to just up and leave where I'm living even though I want to. She bought her house with money from a lawsuit where someone hit her vehicle and her dad was who paid for all of the stuff the place needed before someone could live there. People with money take it for granted.
Tak231
And she didn't even get maimed? Shit it cost me a functioning leg to be able to pay off my student loans and put a down payment on my house... and that's just what I had left after the hospitals took the majority of the insurance money... and those Fuckers didn't even set my leg right so 7 years later I can barely walk without a cane...
ArthurT
"People with money take it for granted."
LoitninStroik
I watched a documentary today about grown kids in families with inherited wealth. The only one that wasn't a twat was "raised poor" - they lived middle class lives and his father always said they didn't have money. Ivanka Trump was in it, too. She got royally pissed over a guy in Australia who asked her what it was like to be rich and not know pain. (Obvs. she has known some pain, but the irony of *her* being indignant over "ignorance"....wow.)
astrangehop
I feel like this is worth mentioning: "fuck you money" is even a grade less than "several extra lives" money. Like a million dollars you could probably find a comfy house, investments and raise children *somewhere* without ever having to work again. — The person who says "oh I'll just go to school, open up a veterinary practice wherever it seems feasible, and if it doesn't work I'll be debt free with a car at my folks' to try something else has a backing of tens of millions.
PectorialMuscles
Yep. I'm a people with some amount of money. Although, I am being forced to move back in with my parents because moving between cities with no jobs due to scarcity in the last is awful. Having no place to move back to? I'd probably be suicidal, I'm not joking. It's already insanely stressful after college. Jesus fuck idk how poorer people manage. I had a breakdown over a $35 surcharge yesterday ffs.
PectorialMuscles
Growing white hairs after months not knowing where I'd go and then realizing my parents would take care of me genuinely is the greatest privilege I will never forget.
urboyevan2
I’ll let you in on some information I learned in college, being in poverty deteriorates your health on a molecular level, it shortens your telemers and the constant stress causes your body to break down physically and mentally. That’s why it’s so important to provide everyone the basic needs yet we don’t do that at all because in our country profit is much more important than people. Seriously fuck republicans.
PectorialMuscles
Oh I know very well. I learned that when I was 15 I believe. I've found myself a capitalist niche and I'm making it my mission to be rich enough to give those basic necessities away to others. I thoroughly believe in universal income, healthcare, and basics. To the point that the lower class becomes the economic equivalent of our current upper middle class.
DeanOMiite
Even as someone in real estate this title infuriates me
Bladedrummer
I saved so much money by having rich parents!
benreilly10
Glad I don't have to read the article to find the nepotism this time
Hiidontcare
My mother in law bought us our house. I mean, she died of cancer and her life insurance bought us the house. A house we otherwise never could have bought. A person had to die for us to have a house. And we're one of the only homeowners in a our friends groups. Wtf america? But, conservatives would somehow see this as a good thing. Oh, and my mil had to come out of disability and go back to work WHILE STILL GETTING TREATMENT and ama because her benefits ran out and she needed health>
Hiidontcare
Insurance!!!! This is how people are supposed to buy houses?
IliveIdyeIliveagain
So that's how she made her damaged jeans
brokehackfourlane
pretty privileged girl lives on parents to save money. somehow is inspirational.
fartymarty42
Privileged person uses unearned advantages to benefit self. News at 11.
wazeewa
Then shows genuine confusion when presented with people who can't
afinefieldtoplow
Soon these articles will be like, How a Millennial Earned a $2 Million Home: “I inherited the house when my parents died, and I put the life insurance payout towards estate taxes each year.”
QQTrain
Most folks around me were allowed to stay freely with their parents after turning 18, they just decided "FUCK THAT, I'M GONNA DO EVERYTHING MYSELF!" and decided to venture out and learn things the hard way. More of a fuck around, find out, than a busted system in that case. Though, the system IS also busted.
ilikepot8os
Counter point. Most of my friends had to pay rent started at 18 (I started at 14) and unlike paying rent on an apartment it came with a bunch of other rules like no sex, and acting as an unpaid baby sitter / labor.
Ulthirm
and surprise additions, like my family randomly takes my car (Its wholly under my name, under my insurance, they do not pay a part of
Ulthirm
anything involving with the car), breaks their laundry machines, dish washers, etc and makes it your problem. I've already spent around
Ulthirm
$7000 on top of my rent for my parents this year on things I dont even participate in. (I can't even use their laundry machine because I'm
Ulthirm
allergic to the soap they use and I can't run several clean cycles to get rid of the soap)
Speedmetal05
Fortune Magazine is just Rich Assholes propaganda...
CeleryMan7
it's interesting because she is attractive
littlecoatfatguy
And white and middle class and Southern. This kind of thing is abused by conservative media to push the narrative that anyone who doesn't get this kind of result must be lazy, when her story goes on to make VERY clear that she never could have done anything like this without a huge gift from family.
blainetog
"Middle class" is rather stretching the definition.
littlecoatfatguy
As opposed to “rich”
aThingWithTheStufAndTheJunk
It's incredible how Fortune articles always sound like Onion articles, yet they're sincere about it.
SchlappaDaBass
It honestly dumbfounds me how oblivious they are. I keep reading these thinking they are satire - alas.
wheresthetone
“Omg I can’t believe I did it”
LoitninStroik
"I worked so hard for what I have."
JustAPileOfCats
A life of insane privilege.
barnwolf
Living rent free until you're 24 doesn't sound like insane privilege to me. If you won't do that for your child you're just a terrible parent.
ButLogicallyTho
Excatly this is just "look at this person who had good parents boooo"
DdCno1
No, it's the complete lack of self-awareness. Why pose for a story like this?
ButLogicallyTho
The title doesnt say "blah blah blah without any help," it just states how she did it
JustAPileOfCats
How she did it is really nothing novel or unique or noteworthy in any way, considering her family's evident wealth - lavish spending and nepotism are the norm for them. The article is elitist junk and shouldn't have been written.
Xenarion
My parents' rule was no rent so long as I'm in school and I'm not failing classes. Seems fair to me.
barnwolf
So if you don't cripple yourself financially with an overpriced college, your parents would have immediately made you homeless upon turning 18? Sorry, those are shitty parents.
Xenarion
They also paid for said school. Also I'm Canadian, so our school isn't as overpriced as in the USA. And no they wouldn't have just up and kicked me out, they would probably just be very unhappy.
SteveMcCroskey
It's not that it's wrong for a parent to do that, it's wrong to report on it like it's amazing/ enterprising
JustAPileOfCats
Lives with their parents until 24, gets a $100k mini house from dad, gets hired by dad at a $60k/yr job... Insane privilege.
barnwolf
Yes getting those latter two is privilege, but living in your parents house for a few years after you turn 18 is not.
JustAPileOfCats
It's the combination, and many parents are not financially able to handle their kids living with them for years after they turn 18, so there is a privilege to that, too.
barnwolf
Living in the 2020's is a privilege... likewise most parents can afford to let their kids keep staying in the same room for an extra 4-6 years. What else were they going to do? Kick the kid out and rent the kids bedroom to a stranger?
OverpricedCrayon
My parents are divorced. Mom was an alcoholic and toxic to be around. Dad lives in an economically depressed area with few job opportunities for college educated people outside of medicine. Living with my parents was economically disadvantaged. I would have lived with them if I could and still have a chance in life, but I didn’t have that privilege. I had to move to a more expensive part of the country to look for a better job.
FlatPlutoSociety
I mean, I don't blame this kid for having affluent parents who help her out, but I just cannot imagine consenting to have a puff piece like this written about me if I were in her situation.
moxythree
They estimate they spent just under $100k to fix up the tiny house. To stay in to save up money to buy a house. This is why I’m with the orcas and the imploding subs. This is not how the average American lives.
narcoleptiKnickers
Her dad offered to hire a couple of contractors to build her the real thing. FTFY
sambaah05
Didn't the article say her and her dad did all the work? The only thing they didn't do was the counter tops?
narcoleptiKnickers
TLDR :-)
sambaah05
That's fine. But then just making stuff up that's not true is... weird. All good though.
narcoleptiKnickers
Also "delaying(?) her journey into the housing market." What world do the editors at Fortune live on? No 19 year old can buy a house.
ronin1031
A $250K house!? Like a whole house, that's real... for $250K? How old is this article?
Am3ricanGangst3r
Seriously. I saw a $250K house by me that was a dilapidated shack. The roof was caved in
FrankJustice1
Checking home prices in College Station... Yeah $250k looks like a pretty modest starter home there. So even rich parents won't get you that far these days?
OverpricedCrayon
And it’s a three bedroom two bath.
AnonymousBach
"You won't believe how far into this article you have to read before they admit her parents are rich..."
SimiKusoni
They usually put it near the top tbf. These articles aren't sincere, they're rage baiting for clicks and people bite every time.
UnorthodoxLady
And have their own business that they also have her on the payroll
IShootBirdsAtTheAirport
"24 year old saved money by living rent free with rich parents"
tangent
Honestly it's how I saved to buy a place at 36. But at least I recognise that I'm extremely lucky to have that support while I worked and saved. There's no point me saying "you can just do the same as me!" Because not everyone has that opportunity.
imredheaded
In the article, she doesn't do that. She even says “If I had to rent, there’s no way I would have been able to purchase a home” and "My parents didn’t grow up with a whole lot of money, they started from nothing and paid cash for their whole entire house to be built. They didn’t want me to ever have to go through that, and so they wanted to set me up" https://fortune.com/2023/07/08/gen-z-tiny-home-parents-backyard-housing-market-saving-money/
tangent
Well that's good!
ZephyrusAsmodeus
Thank you, saved me the time of making the same point lol
digitalaaronscustoms
a tale as old as time
Vixess
"rich"
MusicUnites
Was anyone else shocked by the enormous 3% deposit she put down? So she saved $10 a week by living at home? What is the point of this article???
RandAIFlagg
and apparently in addition to any other expenses was able to put aside $50k a year, almost twice a teacher's salary around here
vilhjalmr26
It says she bought a 250k house, not that she paid for it in full. Maybe that is what happened in the full article, but if she put a more normal 20% down, then she saved up 10k per year. Still a lot, but not nearly to the same extent. Still, hate these "I managed to save up by having no expenses" stories.
RandAIFlagg
Good point, my mind went straight to buy = paid in full.
Richter12x2
You're not wrong, but I took it as basically someone's dad built them a treehouse so cool they lived in it til they were 25, not as a "If you squat in a rich person's she-shed, you too can afford a house"
Frothington
Might not have been rich, could have been a builder who made it from leftovers from work.
UncleBuckFutter
Could have been a flying trapeze artist who won the lottery and dabbled in watercolors on the side, while we're playing the guessing game
DorkJedi
A non-rich builder. Yea, those are reeeal common.
riplikash
I've known many middle and upper middle class builders. While "rich" builders certainly exist most are not. It's a pretty solidly middle class profession.
nosaucesbutapplesauces
I don’t know many. Four. Two are about $50k a year. The other two are $60 and $70k. Let’s not eat the middle class. Let’s eat the rich.
ShamanOfHigh
morninggloryshade777
&/or she makes way more $$$ than the ave 20 something...
monkeyfun
You dont have to be rich to build a tiny hoyse.
yourfriendlyneighbourhoodtzimisce
That's true. But you do have to be rich to build a ~$100k tiny house in your house's yard and then also pay the occupant $60k/yr for an unspecified position in your company.
Purrmageddon
The American dream lol
threepotatoesinatrenchcoat
I should say, I also lived with my parents until I was 24, and I was still unable to buy a house after that
duramater1
Yeah. She lived for free and still took 5 years!
Acdkatie
Same, my parents let each of their kids live with them for at least 2 years after we graduated college so we could pay off loans and save for a house. My parents were by no means rich, both worked for USPS.
NateintheNorth
I lived on my own for exactly five years, split into three segments, living with my parents between, before getting married at 30. One was a year in the dorms during college. Another was renting an apartment with my brother.
NateintheNorth
...my wife and I still rent, saving for a house is slow and we're not sure where we'll end up after my schooling is over (fuck the SCrOTUS too btw)
ShooterMcGrabbin
The real difference is that you didn't have parents rich enough to literally build you a house in their copious backyard
NappaTheFriendlyGhost
I’m 31 and am living as a full time babysitter for my grandma with dementia. My family thought I was crazy to volunteer so she doesn’t need to go to a nursing home. I’m not stupid though, free rent and utilities to work the tv for her and make sure she takes her pills?
EasyPeezy2019
Whilst true and not everyone has parents with whom they can stay with it is a good way for (I like to think) most kids to start out and feasible for a lot of blue collar families to help their kids this way. If they have lived at home until 21 to finish school why not extend that until 24 or later to have them save up whilst they have a job. As a parent I might not have the means to buy my kid a house but I have been able to support them thus far, why kick them out when they get a job?
colsanders2002
The old, "We're kicking you out/charging you rent as soon as your 18/graduate college/get a job/whatever" is bullshit and I never understood it. That said, while I agree with you, that wasn't really the point of this article. It's in Fortune, and very much has the air of: "Why are young people complaining? She was able to do it. You can too!"
riplikash
I don't think people usually have an issue with the parents in these articles. They have an issue with the attitude the article and to push. The message is often less "look at how parents can help they're kids succeed" and more "look at this and individual and how hard they worked". As she seems to note in her article, the story here isn't her saving money, it's her parents helping her get started.
CosplayComet
And eating with them, and not paying utilities, and getting a $60k a year job from her father, and...
Vixess
Those are rookie numbers
CosplayComet
I'm sure she'll step up her game. She's still young!
Hashbrown123
FuryFuryMon
Using their cars on their insurance when she wrecks daddys car and gets a DUI that its just a oopsie not a big set back, she can just go back living for free THE HOMELESS HATE THIS 1 SIMPLE TRICK
Meyek
$60k? Usually they work with 6 figures at the investment firm.
Arbitrarynamehere
Still plenty to max out annual retirement savings and make your own investments on the side
CosplayComet
Well, she's just starting out. Don't want to spoil her.
ThisIsYourLifeNow
so 6-figure instead of 7-figure. got it
Izlingar
Fuck can I get 60k? I'm turning 27 soon and only recently got a job making 28k, 32k with overtime every other week
ShellPhish
It can be tough floating the cost of transitioning, but there are some excellent jobs that quickly ramp up in pay if you're willing to learn new things they're out there.
ShellPhish
Happy to discuss over DM, not at all some MLM BS either.
Crimx42
Her father also pays her 60k year
FQRGE
*stepfather…
morninggloryshade777
For the past 6 yrs, plus pd the utils, groc, ins & bought her a car, etc???
morninggloryshade777
Reminds me of a similar-aged gal next to me on a flt, some yrs back, bragging she was a CEO of her own co. -->Turns out it was a 1 empl co she & her parents set up!!! OMG....
JollyJokzr
And she managed to save 250k of that over 24 years. Amazing!
yourfriendlyneighbourhoodtzimisce
Not even that. If that were the case, she could have bought the house outright. She apparently paid 3% down payment with a 30 year mortgage.
Crimx42
There's no way a 24 year old would have been approved... Which means daddy definitely cosigned
DrMissAnonymous
Lmao on Welfare in Ontario I receive $8,000/year total… $721/month with $630 going to Rent for a single room.
GoldenBrownApples
I work 60 hours a week for my mom and barely take home 50k. What the fuck? I need new parents. Is 31 too old to get adopted? Because I've been told I can pass for 12-15. Just gotta hide my tits.
MrKomisiripala
I’d imagine when working for one’s parents, asking for a raise may make you (and possibly them) think you’re being ungrateful. This is why I personally swore never to work for mine
HaveANiceFace
Hiding them won't help you find a new daddy...
MrKomisiripala
Putting them on the internet will
GoldenBrownApples
Depends on what kind of daddy I guess.
Rips4w
Wow, my dad sucks ass. (Stop it. Don't even type it.)
SkynetWithAPoopKnife
Deleteded
Maybe if he charged for his services he'd be able to afford a tiny home for you.
Rips4w
MrKomisiripala
rogersimon10
If you think your dad sucks wait til you find out what mine did to me. It may have involved jumper cables
GCRust
Imma think it.
thegrimtrigger
Rips4w
You summummabish
chewybrian
...and he spent 100k on her tiny home, too. https://finance.yahoo.com/news/24-old-saved-enough-money-100000044.html?fr=sycsrp_catchall
makeoveryoursoul
Does that article really say she only put $3000 down in her house after supposedly “saving” $72K in rent!? I feel like anyone could buy a house if $3k was all you needed to put down
CharlieandOliver
News: “24 year old manages to buy 3 bedroom home without penny pinching or getting any help from parents…. Oh it was the 70s and that happened all the time and wasn’t newsworthy…”
CharlieandOliver
It’s like all the boomers fail to see how obvious the differences are today. They’re literally running news stories about someone in their 20s buying a house because it’s so unusual nowadays
BusinessComments
Yes she's extremely privileged but it doesn't change the fact that she can't find affordable housing without help from her parents, and that's a problem.
yourmomscheese
The dad pays me $60k is kinda bogus because she could work elsewhere but the “spent under $100k” ffs… she could have just used that to
RockKickass
And she eats at home
igglebotato
She's the new Thoreau
yourmomscheese
Buy her $250k home. It’s laughable
StormofWyverns
Lmao yeah this just keeps getting more and more laughable the more you read. Title should be: “wealthy white family spends >$100k on tiny home for daughter to milk on TikTok before she buys a full house”
SJBSavageInk
I kinda wonder if he made her live in that to "struggle" before he bought her a full house.
yourmomscheese
Very true. Rich girl isn’t ready to live on her own but wants her own space so dad spends a large down payment to build her an ADU so she
Dankking
But now the grandkids can have a place to spend the night. God…. Won’t you people ever think about the rich!!!!!