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re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/22/17 at 12:22 am to THRILLHO
Posted on 8/22/17 at 12:22 am to THRILLHO
quote:
I'll take your word for it that you know him well from your private conversation: if he's complaining about his salary in NYC, that's not unusual. NYC and the Bay Area have some of the worst salary:cost of living ratios in the nation:
Lets put it this way, from what i can remember he could make the same or more than likely make 20-30% more here just working for a plant. IF he went into projects for a contractor polly 30-40% and considering there are less than 5 people holding a PE stamp in fire protection engineering in the whole state of LA, he could pretty much write his own ticket and get the cost of living bump on top of it.
0
Posted on 8/22/17 at 5:41 am to bmy
quote:
We probably bitch more because we have more access to information. We can can see the details of your generations frick ups at the click of a button.
Ah yes, the "we have more access to information" response. I've seen that one thrown out in every one of these threads. And you're right, you do. Problem is you lack the critical thinking skills necessary to assess that information and draw your own conclusion from it. You can repeat what Wiki, Google, or someone else told you it means but, in most instances, that's all.
Again, look at the original OP. While your generation has a lower chance of being more successful than previous generations, it doesn't say you have ZERO chance. Yet youre acting like it's a done deal. You'll never succeed. Wrong! It's just not gonna be handed to you by "clicking" on the button.
Posted on 8/22/17 at 5:57 am to ellishughtiger
quote:
traveled the world, drank a lot, nailed a bunch of chicks, minimal responsibility with my job ect. ect.
What does ect. ect. mean?
Posted on 8/22/17 at 6:07 am to tigerinthebueche
quote:I get it, you're not a good reader
it doesn't say you have ZERO chance. Yet youre acting like it's a done deal.
Nobody is saying that
Posted on 8/22/17 at 6:11 am to soccerfüt
quote:
tl/dr: There's good, mediocre, and bad in every generation. The cream will rise to the top.
It gives me hope to read about kids that get a tech degree and move to the Bay area. They find that housing is so expensive that every cent they earn has to go toward rent and food. The smart ones are buying a $5-6,000 camper and parking it in the parking lot at work.
They will do a few years, then have enough cash to buy a house in their home towns. Those who stay the longest leave with the most. It warms my heart to know that some of the youngsters have some gumption and savvy.
Posted on 8/22/17 at 6:50 am to Breesus
quote:
Bull shite. They just refuse to live within there means.
They want to spend their money on things other than living space. No idea about finances or how to manage money.
Posted on 8/22/17 at 6:56 am to kywildcatfanone
quote:
No idea about finances or how to manage money.
This is BS.
Just looking at spending habits, Millennials are more likely to use cash/debit instead of credit. Millennials are more likely to research purchases before actually making the purchase. Millennials are more likely to have a set budget.
Posted on 8/22/17 at 7:25 am to Evolved Simian
There should be another generation name for older millennials. A person in their mid 30's today has very little in common with someone age 18-24.
Posted on 8/22/17 at 7:30 am to Hangit
quote:
What does ect. ect. mean
Yadee yada yada
Posted on 8/22/17 at 7:32 am to Undertow
I am 31 and I can assure you my 21 year old self was vastly different. I was a fricking dumbass.
Posted on 8/22/17 at 7:56 am to LSUFanHouston
quote:
Yes... some of the millennials eat way too much avocado toast and act like spoiled little turds - but that's a small percentage of the group. Most of them want to start moving up the corporate ladder - but they are blocked by the 55 and 60 year olds who just realized they need to start saving for retirement.
Spot on.
My boss is 63. In my department of 13, we have 3 under 50 yrs old, 2 under 40, I am 32 and the youngest is 29 and trying to get out of the industry.
In the entire office of about 125 people, I can pinpoint exactly 21 that are under 45.
This extends to other companies in our industry (industrial engineered products). Rarely do I come across people younger than 45.
The point is that most of my industry is crowded with older people hanging on for retirement and a very small % of young people making their way through their careers.
These older people are also in charge of deciding how much to pay people and they believe that $50,000 in Baton Rouge is still enough to raise a family in a decent part of town or a suburb because in 1990 they did it on that much.
$50,000 in 1990 equates to about $94,000 today, but they still think it is a decent living, but $50,000 today is like they were making $27,000 back then.
Posted on 8/22/17 at 8:03 am to tigerinthebueche
quote:
Again, look at the original OP. While your generation has a lower chance of being more successful than previous generations, it doesn't say you have ZERO chance. Yet youre acting like it's a done deal. You'll never succeed. Wrong! It's just not gonna be handed to you by "clicking" on the button.
Well, for 54% it is a done deal that they will make less than their parents. The thing is it is a percentage comparing how much the population in the work force today will make above and beyond what their parents made or are making. That's a great statistic, but the real comparison is that no matter how hard you try to get up there in income only 46% will go above and beyond what their parents earn. Its not a competition/comparison against parents. It is actually the competition amongst the workforce today competing for the 46% of placement in the workforce that is above and beyond. There are less jobs to compete for that will get up beyond the income of the older generations and that is becoming more true with time.
You're right though, it is possible. You just have to work harder, against more people, for less jobs available, that will earn you more than your parents.
There are only two things I see that need to be stated...
1. Millennials need to quit whining and just suck up the fact that this is how it is now. Whining doesn't fix it. Life has always been a competition and survival of the fittest.
2. Older generations need to quit bitching that millennials are whining. All millennials mean is that they have to work harder in todays work environment to do the same or better than their parents. Its not physically harder work, its just that less percentage of this generation will get to a point in life where the previous generation got to. In other words the threshold that 60% used to cross is now down to 46%. Older generations always seem to claim the younger generations have it easier. This is true in the physical aspect of labor, but because everyone was on the same playing field then, just as they are now, it's the same competition that its always been. The competition is against your peers in your generation and those of the prior generation.
I am done with my rant. Everyone on all sides of this repeating/never ending debate, just need to STFU. You have more competition today to get to the top. That's just a fact of life that has and will always be true with every generation. Bitching about it is like bitching that the sky is blue.
This post was edited on 8/22/17 at 8:16 am
Posted on 8/22/17 at 8:09 am to NIH
quote:you serious clark?
I don't think this is true at all.
Posted on 8/22/17 at 8:09 am to 50_Tiger
quote:
I am 31 and I can assure you my 21 year old self was vastly different. I was a fricking dumbass.
And at 41 you'll say the same about yourself now
Posted on 8/22/17 at 8:10 am to yellowfin
quote:
And at 41 you'll say the same about yourself now
100% guaranteed
Posted on 8/22/17 at 8:11 am to CarRamrod
yes
Posted on 8/22/17 at 8:22 am to GreatLakesTiger24
Boomers and Xers complain about millenials...all the while they voted for bigger and bigger government with more and more regulation to stifle competion in their market.
The big government Keyensian types they voted in artificially kept interest rates staggeringly low which allowed them the opportunity to buy tons of property and amass fortunes while the government burned money on their precious social causes...too bad millenials didnt have the foresight to purchase property in middle/high school.
Then when the piper came a calling for Xers and Boomers to pay for their reckless gravy train in 2008, they were bailed out by those big government spenders they had voted in...guess who will have to pay that bailout bill?
Im not defending snowflakes, period. Not every millenial is a snowflake though. I think most millenials have done well to make it in this new kind of job market and the sane among us that werent brainwashed by the SJW Xers and Boomers before us will do our best to clean this mess up.
The big government Keyensian types they voted in artificially kept interest rates staggeringly low which allowed them the opportunity to buy tons of property and amass fortunes while the government burned money on their precious social causes...too bad millenials didnt have the foresight to purchase property in middle/high school.
Then when the piper came a calling for Xers and Boomers to pay for their reckless gravy train in 2008, they were bailed out by those big government spenders they had voted in...guess who will have to pay that bailout bill?
Im not defending snowflakes, period. Not every millenial is a snowflake though. I think most millenials have done well to make it in this new kind of job market and the sane among us that werent brainwashed by the SJW Xers and Boomers before us will do our best to clean this mess up.
This post was edited on 8/22/17 at 8:23 am
Posted on 8/22/17 at 8:35 am to bamafan1001
quote:
Boomers and Xers complain about millenials...all the while they voted for bigger and bigger government with more and more regulation to stifle competion in their market.
Uhh, millenials are the ones that voted for Obama.
Posted on 8/22/17 at 8:42 am to Breesus
quote:
bullshite. They just refuse to live within there means.
I've seen picture of the house my parents had until I was 5. It was a tiny 1 story shithole starter home way out in the suburbs.
Millennial dips hits keep trying to match the lifestyle their 50/60yr old parents currently have. Not possible morons.
Did you read the article? That is what it said they were doing. Heading out of the dense urban areas where housing is too expensive for low incomes and going out to where they can find lower priced homes.
Posted on 8/22/17 at 8:43 am to NIH
quote:i dont agree with you.
yes
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