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Message
re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/28/24 at 12:18 pm to fallguy_1978
Posted on 4/28/24 at 12:18 pm to fallguy_1978
quote:
I think most people making an upper-middle class income today wouldn't find that lifestyle acceptable.
Definitely would not enjoy that frugal lifestyle but I’m sure your old man socked a lot of money away for retirement.
1
Posted on 4/28/24 at 12:20 pm to SloaneRanger
quote:
Uh, this is what inflation does.
Correct.
And the issue is that demographic most affected by rising interests and prices also vote for the exact policies that create these negative economic conditions.
Posted on 4/28/24 at 12:23 pm to Bestbank Tiger
Americans have been hoodwinked into work being the only important thing in life. I’m winding down due to age, but I will tell anyone who will listen as long as they can get by happily for them, and the necessities, live life. Don’t live to work.
Posted on 4/28/24 at 12:30 pm to Dixie2023
quote:
Don’t live to work.
Don’t live to work but also don’t be a barnacle on the arse of progress.
Posted on 4/28/24 at 12:30 pm to jglass3lsu
quote:
This is weak-minded nonsense by US-raised millennials. Get out there and get what you can. If you fail, look inward.
Spoken like a true boomer who paid less than $1000 a semester for college and before inflation and housing prices far exceeded wages over the last 40 years. My brother’s a very gainfully employed petroleum engineer with an MBA and had to live at home after school with my parents til he was 26 to comfortably afford a down payment on a house, as his job was in an expensive city. Petroleum and chemical engineers make more money starting out in your 20s than virtually any profession out there. Doctors are all still in school by that point.
You have no idea what you’re talking about. Go ask your grandkids to help you post in capital letters on “The Facebook.”
Posted on 4/28/24 at 12:36 pm to bad93ex
quote:
Definitely would not enjoy that frugal lifestyle but I’m sure your old man socked a lot of money away for retirement.
He did and he became a relatively high earner once we were out of the house.
He and my mom were divorced and he traveled the world overseeing industrial projects. He told me he lived on his per diem and saved everything he made for 10 years or so. He retired in his 50s.
Posted on 4/28/24 at 12:41 pm to ragincajun03
House just sold recently. If everything works out, going to make nearly 100k off the sale to put down and the payment on our new house will still be close to double what current one is.
frick every worthless slime ball in DC
frick every worthless slime ball in DC
Posted on 4/28/24 at 12:41 pm to jglass3lsu
quote:
This is weak-minded nonsense by US-raised millennials. Get out there and get what you can. If you fail, look inward.
You don't know my situation, so you don't know where this comes from.
I'm just saying I want Boomers to admit their selfishness, their lack of wisdom and foresight, and stop telling the next generation that you worked so hard to leave us with some utopia.
You didn't work harder than any other generation. And you left a far worse world than when you entered it, especially when it comes to politics and finances. Just admit it and we're cool. You were in it for yourself, and screw the other generations - that's your real mantra.
Then let us get to fixing the disaster you are leaving behind. Stop running for office. Stop being a voting block. Stop complaining. Just kindly retire and peace out like the generations before you.
Posted on 4/28/24 at 12:42 pm to fallguy_1978
quote:
He did and he became a relatively high earner once we were out of the house.
After the kids are out of the house, I’ll be going into management to hasten the pursuit of retirement.
quote:
He and my mom were divorced and he traveled the world overseeing industrial projects. He told me he lived on his per diem and saved everything he made for 10 years or so. He retired in his 50s.
Is he in The Villages, FL now?
Posted on 4/28/24 at 12:46 pm to bad93ex
quote:
After the kids are out of the house, I’ll be going into management to hasten the pursuit of retirement.
Our kids will all be out of the house soon but still on the payroll for awhile. I want to sock away as much as possible and drop out of the rat race as soon as I can.
quote:
Is he in The Villages, FL now?
He lived in Montana for years but came back to LA to be near family after some health issues.
Posted on 4/28/24 at 1:00 pm to Freauxzen
quote:
You don't know my situation, so you don't know where this comes from.
I'm just saying I want Boomers to admit their selfishness, their lack of wisdom and foresight, and stop telling the next generation that you worked so hard to leave us with some utopia.
You didn't work harder than any other generation. And you left a far worse world than when you entered it, especially when it comes to politics and finances. Just admit it and we're cool. You were in it for yourself, and screw the other generations - that's your real mantra.
Boomers are the worst. They will brag about how they pulled themselves up by their bootstraps even though they were paying less per year of college tuition than most kids pay per credit hour. The housing prices are ridiculous
Posted on 4/28/24 at 1:01 pm to TN Tygah
quote:
Boomers are the worst. They will brag about how they pulled themselves up by their bootstraps even though they were paying less per year of college tuition than most kids pay per credit hour.
So what if you’re a 40-year old millennial who pulled themselves up by the bootstraps or would that put me into the “boomer” category?
Posted on 4/28/24 at 1:04 pm to TN Tygah
quote:
Boomers are the worst.
Are your parents Boomers?
Posted on 4/28/24 at 1:07 pm to bad93ex
quote:
So what if you’re a 40-year old millennial who pulled themselves up by the bootstraps or would that put me into the “boomer” category?
You have bad reading comprehension. I never said it’s impossible to succeed as a millennial. You just made that up. I’m a millennial. I’m a homeowner. Just a knee jerk reaction assuming you know what I’m thinking.
What I am saying is it was infinitely easier. This is not an opinion, it’s an actual fact. Boomers assume everything is the same, and “if they can’t do it exactly like I did, it’s because they’re spending $5 for coffee”
Posted on 4/28/24 at 1:08 pm to bad93ex
quote:
So what if you’re a 40-year old millennial who pulled themselves up by the bootstraps or would that put me into the “boomer” category?
I'm 46 and had access to fairly reasonable college tuition and real estate. I do worry about my kids and the cost of living for them. It's harder to get on your feet now than it was for me
Posted on 4/28/24 at 2:40 pm to TN Tygah
quote:
You have bad reading comprehension. I never said it’s impossible to succeed as a millennial. You just made that up. I’m a millennial. I’m a homeowner. Just a knee jerk reaction assuming you know what I’m thinking.
Wasn’t directed at you but I’ve seen commentary (mostly social media outside of TD) that pulling yourself up by the bootstraps is pure bullshite and it automatically puts you into “boomer” category.
quote:
What I am saying is it was infinitely easier. This is not an opinion, it’s an actual fact. Boomers assume everything is the same, and “if they can’t do it exactly like I did, it’s because they’re spending $5 for coffee”
It was “easier” to a point in years past since you had more options for employment with just a HS diploma (manufacturing jobs vs service jobs of today) but we are saying this with the benefit of hindsight. There are still opportunities today but we have an overabundance of information and it’s tough to separate the wheat from the chaff.
Posted on 4/28/24 at 3:43 pm to Freauxzen
"No one wants to live an hour east in the prairie lands because it is not the dream. No matter that the houses are half the price."
Because none of those places have jobs, dipshit. The Boomer School of Economics strikes again.
Very proud of being the dipshit who drove an Hr. both ways to work, listening to hair bands on the radio, in my Yoto 4banger. Retired at 50, Life is good.
Posted on 4/28/24 at 3:52 pm to ragincajun03
quote:
but we would like to have really nice things like outdoor kitchen, etc.
my kitchen leads out to my back porch and I just have a grill like a heathen.
An outdoor kitchen would save me a few steps and not worth it.
Posted on 4/28/24 at 3:53 pm to Freauxzen
quote:
You don't know my situation, so you don't know where this comes from.
I'm just saying I want Boomers to admit their selfishness, their lack of wisdom and foresight, and stop telling the next generation that you worked so hard to leave us with some utopia.
You didn't work harder than any other generation. And you left a far worse world than when you entered it, especially when it comes to politics and finances. Just admit it and we're cool. You were in it for yourself, and screw the other generations - that's your real mantra.
Then let us get to fixing the disaster you are leaving behind. Stop running for office. Stop being a voting block. Stop complaining. Just kindly retire and peace out like the generations before you.
Look out Gen X. They'll be blaming us next.
I know it's tough out there, but the whining is disproportionate.
Posted on 4/28/24 at 3:54 pm to TN Tygah
quote:
You have bad reading comprehension. I never said it’s impossible to succeed as a millennial. You just made that up. I’m a millennial. I’m a homeowner. Just a knee jerk reaction assuming you know what I’m thinking. What I am saying is it was infinitely easier. This is not an opinion, it’s an actual fact. Boomers assume everything is the same, and “if they can’t do it exactly like I did, it’s because they’re spending $5 for coffee”
I’d be willing to bet you have more than some boomers.
I don’t really buy into it was easier for everyone and now it’s harder for everyone.
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