re: Monthly mortgage payment based on a median existing home is now at a record $2,322

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All of these luxuries you are listing to be cut are things that your generation enjoyed as regular items.

I’d ask if you can really be this obtuse, but I already know the answer.

“Hey current generation, you can no longer enjoy the parts of life I did because we made it too expensive. Quit being greedy. Sucks for you. Deal with it” - people like Thib

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pointing this out is "whining"

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but because the cost of living has increased dramatically compared to wages.

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This.

Boomers can wax poetic about current generations eating 10 grains of rice and half a chicken leg for lunch every day, staring at the ceiling instead of having a TV with any streaming services and working 90 hours a week to afford the most basic of housing all they want.

Fact of the matter is, costs of everything (let alone housing) are rising at a ridiculously faster pace than wages.

This isn't about people working at Taco Bell thinking they deserve a $300k house, a brand new car and Starbucks every morning.

How many here will acknowledge the impact that Trumps stimulus packages had on this?

The inflation didn’t come out of nowhere.

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Fact of the matter is, costs of everything (let alone housing) are rising at a ridiculously faster pace than wages.

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want to know another reason 40 and under people are getting their bitch on

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If they keep inventory low, and also convince big daddy government to contribute as well

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Certainly a possibility. I think a correction in the market is more likely to occur. If it corrects hard enough though, that might push government action like you indicated.

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I'm under 40. I don't buy starbucks, I bring my lunch to work 95% of the time, and I'm not a conspicuous consumer.

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congrats. There are people now that work their arse off in the plant, no stupid college degree debt you would like to try and blame it on, bring a lunch everyday, share a car with their wife, and the only home they can afford is an apartment in the ghetto, while as previous generations would have had the purchasing power to a small safe house in a suburb

Any reply?

And I’m under 40 too. But my experience at 36 is wildly different than someone only 10 years younger than me at 26. I had a far better an easier path. It’s ok to admit that

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Look in a different MUD (Municipal Utility District.) Your taxes can swing 30% less if you move to a mile (or less) in any direction. Do not buy in Fort Bend County if you can help it. While state law forbids homeowner's assessed value from increasing more than 10% a year, Fort Bend was very clear that my home was going to "increase in value" 40% over the next four years.

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Looking in Montgomery County right now. Trying to stay out of Harris county.

Not cool. What’s happening is criminal.

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I'm sorry that this way of life seems incompatible with what you think you are owed,

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No one thinks they are owed anything, but this notion that abstaining from starbucks and bringing your own lunch to work offsets the grand canyon sized gap between how far costs have risen versus wages over the last 20 year is utter nonsense.

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it's the way people who don't have to stress about money constantly live.

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I personally don't have to stress about money, but that doesn't mean we don't have a shitty situation on our hands with the aforementioned gap in rising costs vs wages.

There's trend occurring and if it continues, none of the middle class will be able to afford any home worth a damn. But sure, keep jerking off to not buying starbucks.

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I know tons of people who work in plants, wife doesn't work, they both drive 70K vehicles and have nicer houses than I do.

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Most of those people are up to their eyes in debt and live on cash flow with 0 savings. Always rolling negative equity from F250 to F250.