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re: Corcoran CEO: Gen Z must stop buying Starbucks to afford to buy a house
Posted on 10/28/25 at 6:19 pm to Louie T
Posted on 10/28/25 at 6:19 pm to Louie T
quote:
cost of basic necessities has grossly outpaced income increases
Yeah, you almost get it but unfortunately you don't seem to understand that what constitutes "basic necessities" has become conflated with luxury goods and entertainment expenses. The avergage younger Millennial and Gen Z'er doesn't have even the slightest concept of what differentiates "needs" from "wants".
4
Posted on 10/28/25 at 6:20 pm to Clames
quote:
Yeah, you almost get it but unfortunately you don't seem to understand that what constitutes "basic necessities" has become conflated with luxury goods and entertainment expenses. The avergage younger Millennial and Gen Z'er doesn't have even the slightest concept of what differentiates "needs" from "wants".
Posted on 10/28/25 at 6:22 pm to Clames
quote:
The avergage younger Millennial and Gen Z'er doesn't have even the slightest concept of what differentiates "needs" from "wants".
Sadly this is true.
Posted on 10/28/25 at 6:26 pm to JohnnyKilroy
quote:
Buying your first home in your late thirties is historically very abnormal.
Young couple that bought one of my houses was early to mid 20's. Definitely a blue collar baw too.
Posted on 10/28/25 at 6:34 pm to Clames
quote:
The avergage younger Millennial and Gen Z'er doesn't have even the slightest concept of what differentiates "needs" from "wants".
They actually do. They just don’t feel they should have to sacrifice any of their wants.
If a guy 20 years older than them lived in a dump for 5 years to save up for a house, they just see the house and want it. The living in a dump part is beneath them.
Posted on 10/28/25 at 6:39 pm to Louie T
So, because it's more difficult now Gen Z shouldn't even try? Is that your stance?
That sounds an awful lot like justification for excusing undisciplined, impulsive spending habits.
FTR, both of my sons (35 & 32) own their own houses.
That sounds an awful lot like justification for excusing undisciplined, impulsive spending habits.
FTR, both of my sons (35 & 32) own their own houses.
Posted on 10/28/25 at 6:42 pm to Clames
quote:
Yeah, you almost get it but unfortunately you don't seem to understand that what constitutes "basic necessities" has become conflated with luxury goods and entertainment expenses. The avergage younger Millennial and Gen Z'er doesn't have even the slightest concept of what differentiates "needs" from "wants".
Break in down for us then gramps
Let’s start with the easy stuff
Cell phone
Internet
A tv
Netflix (remember this has hundreds of thousands of hours of content and costs less than a happy meal per month)
Posted on 10/28/25 at 6:43 pm to Clames
I guess your anecdote beats statistics
Posted on 10/28/25 at 6:44 pm to NIH
quote:
I guess your anecdote beats statistics
This dude sold his trailer to some guy he works with at the shop and his baby momma and thinks that’s inductive of the whole country
This post was edited on 10/28/25 at 6:45 pm
Posted on 10/28/25 at 6:56 pm to SoFla Tideroller
quote:Justification - that's what you took from that? People sucking with money isn't a new phenomenon.
So, because it's more difficult now Gen Z shouldn't even try? Is that your stance?
That sounds an awful lot like justification for excusing undisciplined, impulsive spending habits.
FTR, both of my sons (35 & 32) own their own houses.
I live comfortably, and I spend very little on everyday expenses people making way less don't think twice about. I'm not commenting from a position of despair.
Life still isn't particularly financially difficult if you aren't an idiot, but cutting out every "luxury" item isn't a magic bullet. We can still acknowledge things Americans have viewed as basic necessities for generations have begun to cost more relative to income than they once did.
This post was edited on 10/28/25 at 7:08 pm
Posted on 10/28/25 at 7:00 pm to Ingeniero
quote:
So true! If you skip spending $5 a day on coffee and instead invest that into the stock market at a 10% return, it would only take you 20 years to afford the down payment on the median New York home. Gen Z is just stupid!
And for anywhere in nyc that’s Starbucks, uber, and cutting eating out for like 20 years with no surprises or medical issues or…
Posted on 10/28/25 at 7:04 pm to RelicBatches86
quote:
t amuses me of how ignorant and greedy Boomers are.
She was born in 1963. Does that make her a boomer?
Posted on 10/28/25 at 7:06 pm to Obtuse1
quote:
The idea that as younger people you can have the same spending habits as a boomer is an indication of your twisted expectations in life.
The absurd part is that the older people who can actually afford the frivolous things generally don’t spend the money on them nearly to the extent as the ones who can’t.
Posted on 10/28/25 at 7:17 pm to DownSouthJukin
quote:
She’s not wrong.
Yes she is. Young people aren’t getting married and having kids anyway. Why do you need a house?
Posted on 10/28/25 at 7:21 pm to DrrTiger
quote:
If a guy 20 years older than them lived in a dump for 5 years to save up for a house, they just see the house and want it. The living in a dump part is beneath them.
What’s hilarious is it doesn’t even register with you that you are reinforcing the other side’s position
Posted on 10/28/25 at 7:24 pm to stout
I have never been in a Starbucks
Posted on 10/28/25 at 7:27 pm to JohnnyKilroy
What side would that be?
The side that thinks you should be living the same lifestyle as your parents (but with higher discretionary spending) at 25?
The side that thinks you should be living the same lifestyle as your parents (but with higher discretionary spending) at 25?
Posted on 10/28/25 at 7:30 pm to DrrTiger
No one thinks that. You made that up.
Posted on 10/28/25 at 7:38 pm to JohnnyKilroy
Also:
tOT: We are fricked as a society because smart/successful native born americans are not reproducing at even a quarter of the levels we need. We NEED to get back to 3 and 4+ kid households.
Also tOT: You’re an entitled, spoiled brat if your expectation is to own a home in your late 20s/early 30s. Spend your time working and staying in. Irresponsible to go out to eat or meet friends for drinks once a week.
tOT: We are fricked as a society because smart/successful native born americans are not reproducing at even a quarter of the levels we need. We NEED to get back to 3 and 4+ kid households.
Also tOT: You’re an entitled, spoiled brat if your expectation is to own a home in your late 20s/early 30s. Spend your time working and staying in. Irresponsible to go out to eat or meet friends for drinks once a week.
Posted on 10/28/25 at 7:40 pm to Mingo Was His NameO
I'm not saying these services aren't necessary, it's just they're were not as many things to spend money on. We watched TV through a rabbit ear antenna for free because there was no cable.
Even when my wife and I both worked we infrequently went out to eat, we couldn't afford to because we were saving for a house.
Today there are consumer products competing for every disposable dollar, there were no $1400 smokers, all the electronics. I helped out a lady with a baby who was short at the grocery cashier, it was only about $10, but I'll bet she had thousands in ink on her sleeves and legs.
If you don't think there is a lot of stupid spending by people who complain they can't afford a house, you need to open your eyes.
Even when my wife and I both worked we infrequently went out to eat, we couldn't afford to because we were saving for a house.
Today there are consumer products competing for every disposable dollar, there were no $1400 smokers, all the electronics. I helped out a lady with a baby who was short at the grocery cashier, it was only about $10, but I'll bet she had thousands in ink on her sleeves and legs.
If you don't think there is a lot of stupid spending by people who complain they can't afford a house, you need to open your eyes.
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