re: For all the Millennials crying about housing costs, here you go

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Boomers getting to buy a house and a 4 year college degree for peanuts and then using all the extra money to invest to get even more money must have been nice. The Gen Z’ers’ and young millennials stuck paying rent for an apartment or house are paying that rent to…..you guest it, boomers who have invested in real estate and then bought up all the houses to rent out. Boomers stacking up the cash while they’re screwed the future generations out of building equity.

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And then they'll blow it on cars or vacations or end of life care before they are able to pass it down

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Let's use this as an example: 1. Be an early buyer in a DSLD subdivision. 2. What's an early buyer? Buy the 1st house finished in the new subdivision. 3. Say that house is 203K 4. There are 60 homes in the subdivision 5. In 18 months, the subdivision will be completely built out. 6. Sell your 203K home for 230K once the subdivision is completed. 7. Profit = 27K Do this 3-4 times in a brand new DSLD subdivision and with in 6 years the young couple will pocket 110K downpayment.

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I’ve read this a couple times and can’t tell
If it’s a troll
Or not

Hell yeah

Anything in Metairie that sells for 800k is overpriced. If I'm going to spend that much, its going to be on 5-10 acres of land somewhere besides Louisiana. White liberals in Old Metairie are the root of this. Such a pretentious place to live.

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And then they'll blow it on cars or vacations or end of life care before they are able to pass it down

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I earned it.... You kids ain't getting shite

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Boomers stacking up the cash while they’re screwed the future generations out of building equity.

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You do realize when boomers die all that cash and property will be left to

wait for it



The younger generations. And they won’t have to even work for it. Though the boomers who sell their properties to private equity firms can frick right off. But on the flip side I’ve seen many spoiled millenials who could inherit a successful business built by a boomer and run it but they don’t want to do that much work.

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I'm doing quite well in my now 3rd Old Metairie home. Needed a bigger house to accommodate all these damn kids my wife is spitting out.

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Like that street. Spent chunk of life in 400 block. Went to pre school on Codifer. First vagina I ever saw was from daughter of well known person that lived near that house you posted. Carry on.

that is insane

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Plenty of gorgeous homes available for next to nothing in small town USA. But good luck wasting your life and gas commuting to the nearest decent size city.

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That is nonsense my best friends kid just got a well paying job and a cheap house in Birmingham Alabama.

Problem is that everyone wants to live in Mnhattan or the cool parts of Brooklyn.

Everyone talks about how ten million illegals (I think that number is exaggerated) moved here under Biden. Well, where are they? I don't see ten million Guatemalan's living on the streets. Scrunch together for a year or two or three and don't go out to cool gastro pubs or Chili's and in three years you can buy a place. Or work a sixth day a week, bartend or be a barback.