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re: Any solutions to macro-economic trends?
Posted on 10/3/23 at 1:21 pm to MAADFACTS
Posted on 10/3/23 at 1:21 pm to MAADFACTS
quote:
I said you need to consider that the depressed housing value from 2010-2014 didn’t do many millennials any good.
Didn’t do many millennials any good??
You're kidding???
Homebuyers 10yrs ago have seen real home prices nearly double in the interim.
2
Posted on 10/3/23 at 1:24 pm to NC_Tigah
quote:
Didn’t do many millennials any good?? You're kidding??? Homebuyers 10yrs ago have seen real home prices nearly double in the interim.
I think MADFACTS is arguing that exceptionally few millennials were in a position to be able to buy a house in 2010-2014, and thus they missed out entirely on that 10 year’s worth of gains. He’s not denying that housing prices went up in that time, just that millennials didn’t have a chance to buy in BEFORE housing prices went up. Instead, they got trapped between rapidly increasing rents and student loans.
This post was edited on 10/3/23 at 1:26 pm
Posted on 10/3/23 at 2:27 pm to NC_Tigah
quote:
Didn’t do many millennials any good?? You're kidding??? Homebuyers 10yrs ago have seen real home prices nearly double in the interim.
Yeah, dude. I know. I’m a millennial home owner. What I’m saying is that there are a variety of reasons many millennials couldn’t take advantage of that period, and you said I have no empathy for them. What I’m saying is that it doesn’t matter if you have empathy for them. I’m saying you have to take that into account when asking why millennials complain about the current economy
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