What is up, Childish Investors?? It's that time of the week again, where we enter the business world, curate all the shit and bring the business world to you.
Economies are shutting down and people are losing their jobs… And yet it’s not over! Soon, even WITH a job, you might get paid less working from home…
So… Are you ready to RUUUMBLE?
🥊 Main Event of the Week
Now that we pretty much all have gotten used to working from home, people have started moving, because... well, same shit! 🤷♂️.
And while some experienced a couple of breakdowns along the way, others have been living their best lives.
Which poses the question:
Is this the solution we'd all been waiting for to balance our professional and personal lives?
Well, every major shift comes with its cons. And this one came with a ticking bomb.
Mark Zuckerberg said it first: If you want to move somewhere cheaper, go ahead but be ready to take a pay cut…
Tech companies really outsmarted us this time...
✅ Quick Overview
📌 Biden says he regrets “clowning” around during debate. Don’t worry, he WILL forget about it
📌 Ocean spray video: Greatest involuntary marketing stunt in a while
📌 Going all out to get reelected 🤔? Trump raises coronavirus stimulus to $1.8 trillion
📌 Prepare for the 5G conspiracy theories 🤦♂️: Apple to release its iPhones today (+12% for AAPL)
📌 Speaking of great marketing: McDonald´s teams up with J Balvin, after successful Travis Scott collab
👁 Sneak peek into the future
Up is down and down is up…
It's a beautiful morning in the year 2022, and as people prepared for a new day of work, the streets were quieter than ever. WFH(Working From Home) had transformed American life as we know it...
Why? You ask.
Because people are now forced to choose between income and comfort!
And believe it or not, most companies managed to sell their employees on happiness !(probably could have paid them in candy at this point🤦♂️ …)
See, the drastic shift that came with working from home didn't just impact people, but entire industries, too! Take tourism and travel: Since folks could now travel while working, they were always on the move.
But nothing ranked higher on that list than… The real estate market! Almost overnight, small towns started getting a lot of attention and people were leaving big cities to move to quieter locations.
Up was down, and down was up. Same goes for property prices…
A certain balance was restored. And Childish Investors who anticipated these trends even managed to save/make a butt-load of money.😏
👶 Eat your veggies
To rent or not to rent, that is the question…
1. Hidden costs of buying
Many people don't consider these when buying a house, but you have to include:
Down payment - Closing costs - Homeowners association or co-op fees
Insurance - Property taxes - Utilities and maintenance
💡 That´s why rent often costs less in the long term.
By the way, the NYT published this really helpful calculator to help you make up your mind.
2. Flexibility:
Renting allows for more flexibility in your life.
Career, love life, and even a taste for adventure are things to consider before buying or renting (You could get transferred, find a better job, or simply meet the love of your life in a whole different place!)
So, don't buy a home if you're not gonna' live there for more than five years
3. Your house is not an asset!
Assets bring money in your pocket. Your house doesn't!
Even though it can be an added security if you have a family to take care of, it’s still not an asset.
Either way, make your own decisions and let go of labels!
Thanks for reading, guys. We really hope you enjoyed it! 😉
Tell us what you thought by replying! And Stay Tuned for a lot more amazing content!
- Ryan & Zak
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Twitter >> @ChildishInvest