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I saw someone discussing what it means to buy a house with a 30-year mortgage...
Let's put it this way: 30 years ago, what was the internet?
20 years ago, what was the iPhone?
10 years ago, what was TikTok?
5 years ago, what was AI?
Can you imagine a world without the internet? Then you can't imagine the world 30 years from now. Try not to burden your future self too much; prepare for the unknown future.
Our generation has already emptied the savings of our elders' six wallets to buy a house. Even families with average means are doing everything they can to get their children a wedding home.
What's truly terrifying is that when the next generation, those born in the 2000s and 2010s, grow up and get married, their parents will often already own at least one house. This entire generation won't face the same housing needs as our generation… Who will buy those secondhand homes then?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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