- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Corcoran CEO: Gen Z must stop buying Starbucks to afford to buy a house
Posted on 10/28/25 at 11:51 am to ShaneTheLegLechler
Posted on 10/28/25 at 11:51 am to ShaneTheLegLechler
quote:
When is the last time this woman left New York. There’s like three or four cities in this country with mass transit that is usable and you won’t get stabbed or Hepatitis C on
Her point is still valid. These are things that modern youth think are necessities:
- $100+ monthly cell phone plan
- Driving a new car and never living with a beater
- Eating out endlessly and not just fast food
- the fastest internet plan available
- $30/mo gaming service subscriptions
- Monthly carwash memberships
- New, namebrand clothes
- Not having a period in life living with 2+ roomates
- SiriusXM subscriptions
- Monthly streaming music subscription
- Netflix, HBO Max, Hulu, Prime, Paramount+, subscriptions
- Expensive vacations
It goes on and on. The modern definition of "necessities" is completely skewed and needs a reset. Most people are better off having a "poor" period in life where they really learn what they need and dont need. College is a great place for that experience but many trust fund babies are not getting that experience these days.
2
Posted on 10/28/25 at 11:54 am to NIH
quote:
$40,000 - 80,000 down payment
$40K is 3% (FHA) of $1.3 million or 5% (conventional mortgage) of $800K
Using your hyperbole, why does gen z need an $800k-to $1.3 million starter home?
I get that may be the case in NYC but where else? Los Angeles maybe?
Posted on 10/28/25 at 11:56 am to RogerTheShrubber
quote:
She;s kind of right, Gen Z has some ridiculous consumer habits but thats now what keeps them from owning a home.
Maybe not totally, but it’s part of the puzzle. I remember eating egg salad sandwiches and of course making my own coffee (there was no other way) to save up for a down payment on a house.
Posted on 10/28/25 at 11:56 am to stout
How about Goldman Sachs and BlackRock stop buying up houses?
Posted on 10/28/25 at 11:58 am to DownSouthJukin
quote:
Maybe not totally, but it’s part of the puzzle. I remember eating egg salad sandwiches and of course making my own coffee (there was no other way) to save up for a down payment on a house.
I dont think Gen Z has been raised to understand cause/effect or basic money matters.
Posted on 10/28/25 at 11:59 am to stout
That’s the minimum. Isn’t the average down payment closer to 18%?
Posted on 10/28/25 at 12:01 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!
It’s more expensive than that plus you add tax. I think the overall take home point is that if they’re buying stuff like expensive coffee frequently then they’re also wasting money on other unnecessary items.
Posted on 10/28/25 at 12:01 pm to NIH
quote:
That’s the minimum. Isn’t the average down payment closer to 18%?
That's all home buyers, including boomers cashing out and rolling over that money into another house, and the average is still only 16%
For strictly first-time buyers, the average is around 9%
Posted on 10/28/25 at 12:02 pm to stout
Another out of touch boomer
My home insurance has quadrupled in a decade. Just need to save $5 a day and it will all buff out
My home insurance has quadrupled in a decade. Just need to save $5 a day and it will all buff out
This post was edited on 10/28/25 at 12:04 pm
Posted on 10/28/25 at 12:04 pm to notsince98
quote:
These are things that modern youth think are necessities:
Millennial here, only guilty on 2 of the necessities listed. Are you telling me my monthly $9.99 Spotify subscription and $7.99 Netflix subscription are what’s holding me down? Gee and here I was thinking the astronomical rise in housing prices, inflation due to gubment spending, stagnant wages and competing against institutional investors like BlackRock and Vanguard were my biggest obstacles.
Posted on 10/28/25 at 12:04 pm to stout
I’d think the average starter home in a big city metro is closer to $300k -400k at this point? Hefty down payment even at 9%.
Posted on 10/28/25 at 12:05 pm to NotoriousFSU
This is the part where we pretend the economy is good because Trump is in office
Posted on 10/28/25 at 12:06 pm to NIH
quote:
Hefty down payment even at 9%.
Again, that is the average. You can get a mortgage with 3% down on FHA or 5% on conventional.
Posted on 10/28/25 at 12:06 pm to NIH
Us median is $410k - all homes
Posted on 10/28/25 at 12:07 pm to stout
Right. And that’s great but you’re still talking about saving a few hundred bucks (maximum) against a monthly expense of $3000 + after whatever down payment is put down.
Posted on 10/28/25 at 12:07 pm to RogerTheShrubber
Yeah, $8 coffee everyday for a year gives you $3k.
Congratulations, only have to do that for 33 years and you'll have 20% on a $500k home, which is what average home cost is now
Congratulations, only have to do that for 33 years and you'll have 20% on a $500k home, which is what average home cost is now
Posted on 10/28/25 at 12:10 pm to stout
Boomers really are the worst generation. Had almost everything handed to them, and now they act like it was all just hard work and no avocado toast.
In before, "Sorry you're poor."
In before, "Sorry you're poor."
Posted on 10/28/25 at 12:10 pm to The Third Leg
quote:
Us median is $410k - all homes
Median price of what is considered a starter home is around $243K
Posted on 10/28/25 at 12:11 pm to stout
quote:
I haven’t cooked in 30 years,
Another out of touch coastal elite telling the rest of us how we should live.
(((Liebman))) - there’s a shocker
Posted on 10/28/25 at 12:12 pm to stout
quote:
Median price of what is considered a starter home is around $243K
How many areas have legitimate starter homes built anymore? It feels like all new builds (at least in our metro area) is at least 300K+ and cost of maintaining an older home can get pricey quick.
Page 2 of 15
Popular
Back to top
Follow TigerDroppings for LSU Football News