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Started By
Message
re: Major social unrest is coming
Posted on 4/26/22 at 9:36 am to Eli Goldfinger
Posted on 4/26/22 at 9:36 am to Eli Goldfinger
quote:
No young person starting out in a professional career can afford a $400K home without serious help from their family.
I bought my first home at 26, but there is no way I could do that today.
It’s almost like we’re being forced into the way things used to be before America started spiraling down the tubes.
0
Posted on 4/26/22 at 9:37 am to Pookers
quote:
Boomers didn't have to compete against a bunch of foreigners and blackrock capital when purchasing homes.
And Millennials could have more money in their checks if they didn’t want employers to provide all sorts of benefits.
Posted on 4/26/22 at 9:37 am to Henry Jones Jr
quote:
The suburbs are where those huge arse prices are.
Take the metro BR area, for instance.
Housing prices are 30-50% higher for the same house in EBR and Ascension Parish compared to Livingston Parish, but people shite on LP.
Posted on 4/26/22 at 9:37 am to MrLSU
quote:
Bet you said this in 1986 and in 2008 too.
Buying at the peak of a market is never a good idea for anyone but the seller.
Posted on 4/26/22 at 9:38 am to Henry Jones Jr
quote:
I looked at a 3 bed, 2 bath one story house about 20 minutes from downtown where I live at. They were asking for $310,000 and will likely get more than that.
So don’t act like this is a younger generation thing. The system itself is fricked right now
Yep. You can tell who hasn't had to look for a house in the last 5 years. This is unsustainable. Wages are not matching the increase in home prices much less inflation.
Posted on 4/26/22 at 9:38 am to Eli Goldfinger
My 24 year old sister and her similarly young husband, a teacher and a grad student who does a bit work on the side (carpet cleaning and carpeting, mostly), are about to buy their second storm-damaged home so they can move into it and rent out the first one once they redo roof, floors, walls.
Posted on 4/26/22 at 9:38 am to Pookers
quote:
That's great, should people have to drive 50 - 60 miles one way to get an affordable house?
They should get one of those high paying remote jobs and enjoy the fresh air.
Posted on 4/26/22 at 9:38 am to Bearcat90
quote:
Millennials are in their 40's now. Not feeling sorry for anyone who's had 20 years to save a downpayment on a house by then.
The earliest ones (born in 1981-82) are, with the majority of Millennials are in our 30s (1983-92).
quote:
That's what millennials WANT. Most of them do not want to own anything.
Source?
quote:
Maybe they should consider buying a small "starter" house or even a trailer like all of us previous generations did.
Some probably are doing just that.
Posted on 4/26/22 at 9:38 am to Eli Goldfinger
quote:People bitch about liberal arts majors, but this is what architects in an established firm in a booming city are making?
My wife is an architect and has several younger architects under her supervision. They’re all making around $55K
This post was edited on 4/26/22 at 9:40 am
Posted on 4/26/22 at 9:39 am to VoxDawg
quote:
Buying at the peak of a market is never a good idea for anyone but the seller.
Unless you're intending to live in the house for the next 20+ years.
Posted on 4/26/22 at 9:39 am to CAD703X
quote:
crazy
There is that word again.
What is ‘crazy’ about high prices in a time of high demand and scarcity?
Do you folks believe in Capitalism and the free market or not?
This post was edited on 4/26/22 at 9:41 am
Posted on 4/26/22 at 9:39 am to JasonMason
You twisted what I said. If you read what I posted it:
TWENTY YEARS. Again, not feeling sorry for anyone who hasn't saved for a house in that time.
I'll even expand on that. Anyone that's been out of college for even 5 to 10 years should have saved anough by then.
Why don't millennials? They live well beyond their means. Not all of them, but many of them do.
quote:
Not feeling sorry for anyone who's had 20 years to save a downpayment on a house by then.
TWENTY YEARS. Again, not feeling sorry for anyone who hasn't saved for a house in that time.
I'll even expand on that. Anyone that's been out of college for even 5 to 10 years should have saved anough by then.
Why don't millennials? They live well beyond their means. Not all of them, but many of them do.
Posted on 4/26/22 at 9:40 am to Eli Goldfinger
I built a house in 98 for 354 but owned the property already . House note for 15 years was 4300.00 with insurance and taxes included . I couldn’t begin to do that today’s market as it’s estimated at over 3 times that today . That was with a 4.6% interest rate at the time
Posted on 4/26/22 at 9:40 am to Gravitiger
quote:
People bitch about liberal arts majors, but this is what architects in an established firm are making?
Probably 0-5 years out of school.
Posted on 4/26/22 at 9:40 am to LSUAlum2001
quote:
shite, I once drive 180 RT per day for work as an Engineer at Stennis Space Center. No mileage paid.
I would argue this is unreasonable. As a millennial who did live in a cheap apartment and save for a house downpayment for a few years I agree that others can do the same. But in certain housing markets its VERY difficult to get into a house that isn't a massive piece of shite without a very lengthy drive.
Millennials and Zoomers are facing headwinds the boomers didn't have. Does that mean we get let off the hook for poor decisions? No. But home ownership isn't as easy to get into as it was in the past.
This post was edited on 4/26/22 at 9:42 am
Posted on 4/26/22 at 9:41 am to Eli Goldfinger
quote:
For all the sh!t we give younger folks, I do feel for them.
How many of them voted for this BS?
Posted on 4/26/22 at 9:41 am to Bearcat90
quote:
They voted for this. I feel NOTHING for them.
Bro, the Boomers built this system.
Posted on 4/26/22 at 9:41 am to Eli Goldfinger
I kept a good relationship with my parents as well as learned their savings habits and value of money. I finished school, got a job, and lived with them until I was 24 and bought my house and got married in the same year.
It's not impossible, but, we have to have the understanding that we cannot have what our parents have when they're in their 50's and you're in your 20's and starting out.
Glorified advertising shows young people this lifestyle of having material possessions and such that conflicts with other things such as homeownership.
It's not impossible, but, we have to have the understanding that we cannot have what our parents have when they're in their 50's and you're in your 20's and starting out.
Glorified advertising shows young people this lifestyle of having material possessions and such that conflicts with other things such as homeownership.
Posted on 4/26/22 at 9:42 am to Henry Jones Jr
quote:
I looked at a 3 bed, 2 bath one story house about 20 minutes from downtown where I live at
quote:
They were asking for $310,000
Look farther out
Posted on 4/26/22 at 9:42 am to Pookers
quote:
But home ownership isn't as easy to get into as it was in the past.
Have any of you considered what adding women to the workforce did to wages across the board?
This post was edited on 4/26/22 at 9:43 am
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