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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 5:34 pm to ellishughtiger
Posted on 8/21/17 at 5:34 pm to ellishughtiger
quote:
$200k is a big house (in low cost of living areas). I'm lost.
Fify
Lets try to be mindful of where we are. $200k in NYC suburbs is not $200k in BFE America.
4
Posted on 8/21/17 at 5:35 pm to Pecker
quote:
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.
Not make decisions for them, but provide them with guidance. If Sally wants to major in gender studies her parents should let her know that job opportunities are going to he limited and earning potential is not very high. They should encourage her to do something where she can provide for herself and a family in the future. Instead, parents of millennials told Sally (who's really a transgender boy) that she could be whatever she wants to be and follow her dreams.
The fact is the parents of millennials raised millennials to be the way they are. A lot of the dumb shite they do is their own fault, but humans aren't born thinking a certain way. They are taught how to behave and millennials were taught to be entitled and coddled because they were raised entitled and coddled by their parents who are going to have to work until they die because they didn't save anything for retirement.
Posted on 8/21/17 at 5:36 pm to tigeraddict
quote:
This. this generation wants the house, SUV, boat, and lifestyle they parents finally got to achieve when their kids moved out of the house., but they want it a 24
That is a giant load of bullshite.
Posted on 8/21/17 at 5:37 pm to tLSU
if I bought a home their I'd probably get embargoed or colonized by capitalist anyway
Posted on 8/21/17 at 5:41 pm to NYNolaguy1
quote:
. $200k in NYC suburbs
Is a box under the Williamsburg bridge
Posted on 8/21/17 at 5:41 pm to NYNolaguy1
You don't need a 2500 sq ft place
This post was edited on 8/21/17 at 5:45 pm
Posted on 8/21/17 at 5:41 pm to Mingo Was His NameO
quote:
Not make decisions for them, but provide them with guidance. If Sally wants to major in gender studies her parents should let her know that job opportunities are going to he limited and earning potential is not very high. They should encourage her to do something where she can provide for herself and a family in the future. Instead, parents of millennials told Sally (who's really a transgender boy) that she could be whatever she wants to be and follow her dreams.
The fact is the parents of millennials raised millennials to be the way they are. A lot of the dumb shite they do is their own fault, but humans aren't born thinking a certain way. They are taught how to behave and millennials were taught to be entitled and coddled because they were raised entitled and coddled by their parents who are going to have to work until they die because they didn't save anything for retirement.
A lot of people (from every generation) were raised by shitty parents who taught them virtually nothing. Many of these people grow up making bad decisions. This is just a sad part of life. Life is unfair in this way.
That said, no matter how shitty your parents were, no one owns you anything. Telling people that they aren't responsible for their bad decisions, isn't going to absolve them from the consequences of those bad decisions, nor is will it promote good decision-making.
Posted on 8/21/17 at 5:43 pm to Breesus
quote:
bullshite. They just refuse to live within there means.
A) it's "their means"
B) not sure if you've followed the housing market lately, but it's gone buck shite wild again, especially in Louisiana. You can't get a decent house in a good neighborhood in BR for under 200k. Closer to 250k
A single guy/girl or even a young couple just starting out can't normally afford to drop that kind of coin for a house.
Posted on 8/21/17 at 5:43 pm to NYNolaguy1
quote:
Lets try to be mindful of where we are. $200k in NYC suburbs is not $200k in BFE America.
200k will get you a nice house, larger than a 1970s house in most of the country
Posted on 8/21/17 at 5:44 pm to TheCaterpillar
quote:
Good luck finding a family home for that in a decent city
Define "decent city".
Obviously you aren't finding that in New Orleans, but I'd wager there are plenty mid-sized cities with homes in the 250k range.
Posted on 8/21/17 at 5:45 pm to The Pirate King
quote:
You can't get a decent house in a good neighborhood in BR for under 200k. Closer to 250k
Honestly, I'd have to say 275,000-300,000
Posted on 8/21/17 at 5:45 pm to NYNolaguy1
quote:
Lets try to be mindful of where we are. $200k in NYC suburbs is not $200k in BFE America.
If you can't afford to buy where you live than you should move. I couldn't afford to buy in SF even though I'd likely be making 50% more than I do now so I would not entertain living there.
Posted on 8/21/17 at 5:46 pm to ellishughtiger
quote:
Is a box under the Williamsburg bridge
What pctg of millennials live there?
Most people don't live in overpriced gentrified areas
Posted on 8/21/17 at 5:47 pm to Epic Cajun
quote:
Obviously you aren't finding that in New Orleans, but I'd wager there are plenty mid-sized cities with homes in the 250k range
$250k is probably what you would pay in Br suburbs, 3br/2.5 bath.
Posted on 8/21/17 at 5:48 pm to Pecker
quote:
you have to understand that there's no end to how far we can go. I
There is a limit - a 55 year old should be smarter than a 25 year old who is smarter than a 19 year old
Posted on 8/21/17 at 5:51 pm to Pecker
quote:
...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.
It's worse than that - it's the indoctrination of our schools that are berating the kids into believing certain crap advice.
If schools and parents just shut the hell up, the kids would be in a better position. No advice is much better than terrible advice shoved down the throat.
Posted on 8/21/17 at 5:51 pm to GreatLakesTiger24
We've got one just over 3k ft2 hitting the market at 675k if that helps?
Posted on 8/21/17 at 5:52 pm to RogerTheShrubber
quote:
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
I'm sure it felt bad, but this is objective data we're discussing. It's a fact that young people make less now than they did in 1980. No amount or anecdotal evidence is going to change that.
Posted on 8/21/17 at 5:52 pm to LSUFanHouston
quote:
schools and parents just shut the hell up, the kids would be in a better position. No advice is much better than terrible advice shoved down the throat.
The victim mentality. Nothing is their fault
Posted on 8/21/17 at 5:53 pm to GreatLakesTiger24
quote:
the Census bureau estimates they earn, even with a full-time job, $2,000 less in real dollars than the same age group made in 1980. More millennials, notes a recent White House report, face far longer period of unemployment and suffer low rates of labor participation.
Meanwhile, if you graduate in a trade, engineering, or construction, and prove to possible employers you can
1) pass a drug test
2) show up to work on time
3) move for the job if need be
4) would be willing to start off working outside
They are literally throwing job offers worth great money at anyone with a pulse.
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