re: The High Cost of a Home Is Turning American Millennials Into the New Serfs

quote:

---

Wait, you mean to tell me that Boomers both want Late Gen Xer/Millenials to make affordable decisions on housing markets and buy cheap, small houses essentially in the boonies due to suburban expansion and improvement, while at the same time chasing high power, urban/developed city/white collar jobs that typically exist near pricey/competitive housing markets?

---

Excuses, excuses.

quote:

---

I was born in 1990 bro.

---

So you are 27 years old, making this all about your generation. You are dogging your own work ethic.

quote:

---

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.

---

Ah yes the whole "access to information has diminished your critical thinking ability" argument. Because it's so much different getting your information from Encyclopedia Brittanica than from wiki

Again, if millenials have problems with critical thinking perhaps it has something to do with the education system the preceding generations created

Millenials might be the hardest working generation yet. They work long hours, don't take vacations, and do it for less money than their parents made at the same age

quote:

---

That's not how it works. Pay isn't decided arbitrarily.

---

Please explain how it works then.

No wages are set by the intersection of the supply and demand curve, or the equalibriam price of labor. Because of technology the demand curve from labor has shifted to the left lowering the price and quantity demanded. Couple that with Xers not retiring because they haven't saved and there's less jobs making less money for younger workers.

quote:

---

I don't know now a single person who spent 150k on their first home,

---

I bought my 1st home around 2012/13, 2.5 years after college, for 120k. 1580 sf, 2 bed, 2 bath.

I got a decent house in a decent neighborhood in Montgomery. In a neighborhood with mostly bigger houses, but my cul-da-sac only has garden homes.

quote:

---

No wages are set by the intersection of the supply and demand curve

---

Which is precisely what I said. Had you paid attention in Econ instead of googling a definition, you would have known that.

Wages are simple supply, demand except in certain situations like government Bacon-Davis jobs or some Union jobs. If your job is easily replaceable, you aren't valuable.

quote:

---

It's based on the ability to recruit and retain people.

If you're not making "good" money and aren't happy with it, you're in the wrong profession (easily replaced) or wrong market.

---

You said nothing about supply or demand. You're also talking about the worker not the labor market so you, no, you didn't. The demand curve for workers and for labor markets are completely different so what you said above is completely irrelevant.

quote:

---

Poor Millennials. They are the only generation to ever have it hard. The rest of us just had it so easy. It's not fair. And of course all the Millennials' problems are our fault, not theirs. No, no way could anything be their fault.

---

Dude, it is a fact you had it easier. The numbers prove it.


Just admit I had it harder than you, and I am more successful as well. Thats right, a milennial kicked your arse in life