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Started By
Message
re: Millennials being squeezed out of middle class, says OECD
Posted on 4/11/19 at 9:56 pm to fallguy_1978
Posted on 4/11/19 at 9:56 pm to fallguy_1978
quote:
Go look in a place like Des Moines. You can find good schools, job market, low crime and a decent house for 150k
Yep same throughout much of the Midwest. Also Idaho, Eastern Washington...
1
Posted on 4/11/19 at 9:58 pm to CoeJ
quote:
You mean to be able to owe a bank $170k plus interest for the next 30 years?
A house note is not a bill, it’s an investment/savings acct.
Rent is a bill like water. You paying someone else’s investment. Zero return.
Posted on 4/11/19 at 9:59 pm to Stumplstiltzkin
quote:
As many as 70% of the baby boomers – born between 1942 and 1964 – were part of the middle class in their 20s, compared with 60% of millennials – born between 1983 and 2002 – at the same point in life,
There's a joke in here about not being allowed in the middle class because you live in your mom's basement, but it's true, so I won't say anything else about it to protect millennial feels.
Posted on 4/11/19 at 10:29 pm to lsunurse
quote:
I’m just saying that in general....low cost of living area are that way for a reason. There is something that makes that area less than ideal to live at.
Wow, groundbreaking information.
Posted on 4/11/19 at 10:34 pm to TH03
quote:
So now we've officially moved to $200k even though the whole premise was $170k?
Asking, not selling.
Posted on 4/11/19 at 10:38 pm to RogerTheShrubber
quote:Yep.
Yep same throughout much of the Midwest. Also Idaho, Eastern Washington...
Millenials refuse to leave cities and the coast.
Posted on 4/11/19 at 10:40 pm to HailHailtoMichigan!
quote:
Millenials refuse to leave cities and the coast.
smart people
Posted on 4/11/19 at 10:41 pm to fallguy_1978
quote:
Dr Horton
use to spin signs for them.
D.R. Horton, pulte homes and a couple of other model homes.
Posted on 4/11/19 at 10:45 pm to lsunurse
quote:
Sure there may be exceptions...but for the most part...170k is not getting you a decent single family home in desirable areas in most parts of the U.S.
Decent and desirable are subjective.
The median cost of a home is around 200k in the country (median price of homes sold 280k) that leaves a lot of very affordable homes in the country.
The median housing price in Ohio is 160k.
Here's a list of median prices in cities across the country
LINK
This post was edited on 4/11/19 at 10:48 pm
Posted on 4/11/19 at 10:48 pm to HailHailtoMichigan!
Because they are some of the best places to live in the US.
Posted on 4/11/19 at 10:49 pm to lynxcat
quote:Boomers were willing to leave coasts and cities for inland suburbs.
Because they are some of the best places to live in the US.
Boomers built the sunbelt
Posted on 4/11/19 at 10:50 pm to HailHailtoMichigan!
quote:
Boomers built the sunbelt
and the bible belt
Posted on 4/11/19 at 10:52 pm to pioneerbasketball
Here is the ultimate question though that some of you whiners refuse to answer:
when demand vastly exceeds supply re housing market, and thus prices soar, what exactly is to be done?
what exactly do you guys want to be done to reduce home prices down to what your parents faced at your age?
when demand vastly exceeds supply re housing market, and thus prices soar, what exactly is to be done?
what exactly do you guys want to be done to reduce home prices down to what your parents faced at your age?
Posted on 4/11/19 at 10:53 pm to Mr Perfect
quote:
smart people
If you refuse to leave, and whine about the cost, no.
Posted on 4/11/19 at 10:57 pm to RogerTheShrubber
Millennials aren't whining like the media makes you think dude
don't mind roommates or small homes and more leisure time
we prefer location and lifestyle over rotting away in the middle of nowhere
don't mind roommates or small homes and more leisure time
we prefer location and lifestyle over rotting away in the middle of nowhere
Posted on 4/11/19 at 10:59 pm to Mr Perfect
quote:
prefer location and lifestyle over rotting away in the middle of nowhere
The most millennial thing in this thread. If you can't get your way, you'll just rot away
Posted on 4/11/19 at 11:00 pm to RogerTheShrubber
how we going to rot living on coasts and cities?
rotting is the Sunbelt or Alaska
rotting is the Sunbelt or Alaska
Posted on 4/11/19 at 11:02 pm to Mr Perfect
quote:
how we going to rot living on coasts and cities?
rotting is the Sunbelt or Alaska
Talk about being geographically challenged. Damn, you're really in a bind. Rotting away with no knowledge about which direction to go
I always figured you for a college kid living off parents money, not a millennial
This post was edited on 4/11/19 at 11:04 pm
Posted on 4/11/19 at 11:06 pm to Oilfieldbiology
quote:
I know why you’re getting downvoted but you’re absolutely right. If you find a house for under 200k in NOLA, or in BR or on the north shore, you are either out in BFE or you are in a horrible area
That’s bullshite
I bought my first house in kenilworth 6 years ago for $198k and there were several houses cheaper in the same neighborhood. A starter house is supposed to either need updating or be small as frick, problem is that’s not how people think anymore. You can find these houses in every decent to good neighborhood. We ended up selling that house 4 years later for $265k.
This post was edited on 4/11/19 at 11:07 pm
Posted on 4/11/19 at 11:08 pm to Adam4LSU
Kenilworth dude? Too funny
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