resjudicata
New member
@thestarside Bought a second house ( with my brother ) to develop (we are both builders) for just over 1m$ , covid hit, materials went up 25% and financing a development when mortgaged to the hilt is actually quite hard lol, now interest has more than doubled. The investment which almost broke even (as I rent it out room by room) is now 4K per week negative (which you can’t claim back) .
For us ( me and the wife) it means no way can we develop, which means no way to actually get out of our own tiny home into something that fits 2 teenagers .
What’s funny is, doing exactly what the previous generation did (my father - buy and leverage) has totally backfired and probably fucked us!
Oh well (gen X) what did I really expect!
For us ( me and the wife) it means no way can we develop, which means no way to actually get out of our own tiny home into something that fits 2 teenagers .
What’s funny is, doing exactly what the previous generation did (my father - buy and leverage) has totally backfired and probably fucked us!
Oh well (gen X) what did I really expect!