The 23-year-old recently purchased a condo in Streeterville as an investment, with plans to renovate the unit and either sell or rent it out.
That line right there tells you basically all you need to know about this person’s opinion. “Doom spending” isn’t what’s keeping the vast majority of 23 year olds from purchasing a condo as an investment.
I have friends that get drawn into ads and who are promoted to make a purchase, which I find to be silly and immature.
“Those silly poors, enjoying life with what meager luxuries they can afford! I’m smart because I have money to buy multiple properties, which I clearly deserve because I was born into it.”
Economic writers always seem to find the richest people they know to interview about things. How about this guy talks to someone with negative net worth and a minimum wage job instead?
That line right there tells you basically all you need to know about this person’s opinion. “Doom spending” isn’t what’s keeping the vast majority of 23 year olds from purchasing a condo as an investment.
“Those silly poors, enjoying life with what meager luxuries they can afford! I’m smart because I have money to buy multiple properties, which I clearly deserve because I was born into it.”
Economic writers always seem to find the richest people they know to interview about things. How about this guy talks to someone with negative net worth and a minimum wage job instead?
Id settle for a condo to live in.
Don’t you just hate it when you impulse buy a rental property?
I wonder how many average 23-year-olds can afford a condo?