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re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/21/17 at 5:20 pm to NIH
Posted on 8/21/17 at 5:20 pm to NIH
quote:
That doesn't necessarily mean the generation is lazy. Even those with "good" degrees are facing tougher times than their parents.
I don't think the trope of young people being lazy is necessarily true. I think the problem is a lot of younger people are making poor decisions after high school. People who make good decisions are doing well.
quote:
A large chasm has opened between the fates of young liberal-arts majors and their peers in STEM (science, tech, engineering, and math) fields. The former are struggling to find work that pays, at least before their late twenties. The latter are mostly finding lucrative work after they graduate.
1
Posted on 8/21/17 at 5:20 pm to Evolved Simian
quote:
The oldest millennials are 36 now. They weren't raised by any fricking 40 year olds. And very few of them were raised by current 60 year olds.
The "millennials" that everyone bitches about are the young workforce and college students so around 20-32. Most peoples parents that are that age are going to be somewhere around 45-60 years old so I'm not sure why you're so worked up about this.
This post was edited on 8/21/17 at 5:21 pm
Posted on 8/21/17 at 5:20 pm to RogerTheShrubber
quote:
Its almost as if millennials never heard of 20% interest rates, inflation, high unemployment, mfg shutting down and gas lines of the 70s and 80s.
And yet, those folks still made more than current millennials.
Posted on 8/21/17 at 5:22 pm to theunknownknight
quote:
$250,000 homes
If you can't afford to put 10% down on a $250k house you should not be a homeowner
Posted on 8/21/17 at 5:24 pm to upgrayedd
Exactly. Victimitous. Blame, blame, deflect
Posted on 8/21/17 at 5:24 pm to GreatLakesTiger24
Tickle-down economics is the worst evil ever sold to Americans. frick Ronald Reagan
Posted on 8/21/17 at 5:25 pm to Pecker
quote:
I don't think the trope of young people being lazy is necessarily true. I think the problem is a lot of younger people are making poor decisions after high school. People who make good decisions are doing well.
Most people that are 18 years old aren't capable of making these decisions and they still need their parents guidance. I don't think that's rediculous, and the parents should still be involved in decision making at that age. 30 years ago 18 year olds may have been able to make decisions on their future, but the world wasn't as mobile as it is now. As someone was saying earlier in the thread in the 70s you got a job and you worked there 30 years until retirement. That's not really how it works anymore, but although the world has changed drastically we want kids to still be able to make the decisions that their parents and grandparents made.
Posted on 8/21/17 at 5:25 pm to CaptainBrannigan
quote:
someone else should pay for my stuff!
Posted on 8/21/17 at 5:25 pm to Clames
quote:
Millennials can afford the house, the sorry little turds don't want sacrifice not having the latest cellphone, Macbook, and foodie subscription service.
The real problem is they cant afford children and a house.
Lets say you buy a house with a note/insurance/utilities of $2k/month. With two kids day care is easily $2k+ a month.
Thats $4k for just daycare and a house, not including food, gas, car insurance, some spending cash, student loans, all post taxes.
Most people arent bringing home $7k+ post tax a month to live that lifestyle comfortably.
This post was edited on 8/21/17 at 5:28 pm
Posted on 8/21/17 at 5:25 pm to dbeck
quote:
It was a tiny 1 story shithole starter home way out in the suburbs.
Nobody is building small homes like that anymore.
nailed it.
at least in texas, or more specifically where i live in texas, contractors aren't able to make profit on the smaller homes therefore they are focusing on 200k plus homes. Small piece of shite houses from just a couple years ago are up 30-40k, and many of these "first time buyer" type houses are getting multiple offers, and are off the market quick.
This post was edited on 8/21/17 at 5:26 pm
Posted on 8/21/17 at 5:26 pm to slackster
quote:
And yet, those folks still made more than current millennials.
I keep hearing that from people who never lived through it. Millennials wouldn't live in a home that people lived in 4 decades ago.
Posted on 8/21/17 at 5:27 pm to RogerTheShrubber
quote:
Millennials wouldn't live in a home that people lived in 4 decades ago.
Orly?
Posted on 8/21/17 at 5:28 pm to CaptainBrannigan
quote:
Tickle-down economics is the worst evil ever sold to Americans. frick Ronald Reagan
Go back one president. 76-82 was as bleak as it could be. I'll bet you would find a safe space if you had to pay 20% interest
Posted on 8/21/17 at 5:29 pm to GreatLakesTiger24
I'm not a millennial but the real issue is that we have never recovered from the 08 downturn. The unemployment rate that the government releases is complete bs. A lot of good paying jobs have been replaced with service industry jobs.
Posted on 8/21/17 at 5:29 pm to Mingo Was His NameO
quote:
Most people that are 18 years old aren't capable of making these decisions and they still need their parents guidance.
As someone was saying earlier in the thread in the 70s you got a job and you worked there 30 years until retirement. That's not really how it works anymore, but although the world has changed drastically we want kids to still be able to make the decisions that their parents and grandparents made.
What? Since when is 18 years old too young to decide what your career focus should be?
If you treat 18 year olds like children that can't make decisions for their own lives, you're going to end up with 25 year olds who never learned how to make good decisions vs bad decisions.
At 16 years old Alexander the Great was put in charge of Macedonia while his father was away waging war against Byzantium.
...But 18 year olds are too young to decide if they want to pursue a degree that will allow them to pay their own bills.
This post was edited on 8/21/17 at 5:33 pm
Posted on 8/21/17 at 5:30 pm to dbeck
quote:
Orly
You wouldn't live there
Posted on 8/21/17 at 5:31 pm to PhilipMarlowe
quote:
contractors aren't able to make profit on the smaller homes therefore they are focusing on 200k plus homes.
$200k is a big house. I'm lost.
$200k would not even get you a 50x20 small lot where I live.
Posted on 8/21/17 at 5:32 pm to RogerTheShrubber
I'm not a millennial.
Posted on 8/21/17 at 5:32 pm to PhilipMarlowe
Were contractors ever making a profit on smaller less than 200k homes?
Posted on 8/21/17 at 5:33 pm to dbeck
quote:
millennial
They aren't either.
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