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Started By
Message
re: Millennials being squeezed out of middle class, says OECD
Posted on 4/12/19 at 10:37 am to HailHailtoMichigan!
Posted on 4/12/19 at 10:37 am to HailHailtoMichigan!
quote:
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?
Take a machete to all the stupid arse zoning laws (mostly passed and enforced by NIMBY Boomer homeowners) that are pervasive all around the country in major metro areas.
1
Posted on 4/12/19 at 10:50 am to Centinel
(no message)
This post was edited on 1/21/20 at 9:09 am
Posted on 4/12/19 at 10:55 am to cahoots
Cities are increasingly for the rich and the poor. The middle class mostly lives in the burbs. Keep driving until you can afford something.
Posted on 4/12/19 at 10:55 am to Centinel
quote:
Big cities still have affordable housing. You just don't want to live there.
Let's talk Dallas. The number thrown around earlier was $170k.
Here's inside the loop in Dallas. Notice most houses under the $170k threshold are south of I30 in fair park and oak cliff, the 2 worst parts of the city.
It's not people being picky. It's people preferring to live in a safe area. The houses are priced accordingly with the demand.
Posted on 4/12/19 at 10:57 am to cahoots
quote:
Right, you are being technical and ignoring the fact that cities used to have affordable housing that also provided a decent quality of life (crime, schools, etc)
Change the regulations, allow for affordable housing to be built.
Most cities protect property values over affordable housing.
Posted on 4/12/19 at 10:57 am to AbuTheMonkey
quote:
Take a machete to all the stupid arse zoning laws
Bingo
Posted on 4/12/19 at 11:01 am to fallguy_1978
quote:a lot of the original suburbs have turned trashy (shitty public schools), forcing people to move farther away. builders don't want to build more modest homes in these new developments which keeps prices high. rinse and repeat.
Cities are increasingly for the rich and the poor. The middle class mostly lives in the burbs. Keep driving until you can afford something.
it all comes back to people trashing it up and schools going to shite.
Posted on 4/12/19 at 11:02 am to TH03
quote:
It's not people being picky. It's people preferring to live in a safe area.
That's being picky. I mean I don't blame them for being picky in that case, but it's still being picky. Again, how do you think gentrification (using it's original meaning) started? Bunch of broke bohemians willing to face a bit of uncertainty when it comes to safety to live in an area of the city they could afford.
quote:
The houses are priced accordingly with the demand.
And this is the recurring theme. Of course meemaw and pawpaw could afford a decent house in the city back when most people moved to the suburbs. However even those houses were not in the "desirable" part of the city at the time. It was affordable because there was no demand.
I mean all I keep hearing is how "it's not as easy as my meemaw and pawpaw had it!"
bullshite. It's not as easy where *you* currently want to live. It's still easy in plenty of other parts of the country.
(and this wasn't directly at you personally TH03, just the group in general)
Posted on 4/12/19 at 11:04 am to GreatLakesTiger24
Has the average sized home been mentioned? In the 70's era, that average size new home built was about 1900 sf. Now, it's probably around 2500 sf.
Posted on 4/12/19 at 11:08 am to East Coast Band
quote:
Has the average sized home been mentioned? In the 70's era, that average size new home built was about 1900 sf. Now, it's probably around 2500 sf.
• 1940: 1,177
• 1950: 983
• 1960: 1,289
• 1970: 1,500
• 1980: 1,740
• 1990: 2,080
• 2000: 2,266
• 2010: 2,392
• 2014: 2,657
And families have gotten smaller.
This post was edited on 4/12/19 at 11:09 am
Posted on 4/12/19 at 11:09 am to East Coast Band
Avg cost of SF has risen since boomers were in the process
so that's irrelevant
so that's irrelevant
This post was edited on 4/12/19 at 11:09 am
Posted on 4/12/19 at 11:11 am to East Coast Band
quote:
Has the average sized home been mentioned? In the 70's era, that average size new home built was about 1900 sf. Now, it's probably around 2500 sf.
Yes, but it’s still much more expensive in real terms per square foot.
Larger home sizes also have an inverse effect wherein they further restrict supply, compounding the problem.
Posted on 4/12/19 at 11:17 am to RogerTheShrubber
Any stats for how many people today could buy an outdated home and modernize it themselves?
Posted on 4/12/19 at 11:18 am to Centinel
quote:
That's being picky. I mean I don't blame them for being picky in that case, but it's still being picky
Being picky means "I don't like the front door" or "this driveway is too short" not "I would like to sleep at night without the possibility of a stray bullet hitting my house."
quote:
Again, how do you think gentrification (using it's original meaning) started? Bunch of broke bohemians willing to face a bit of uncertainty when it comes to safety to live in an area of the city they could afford.
But we're talking about the middle class, not the cast of Rent. A middle class couple raising a family is prioritizing safety a bit more than a festival chaser working at the hipster coffee shop.
quote:
bullshite. It's not as easy where *you* currently want to live. It's still easy in plenty of other parts of the country.
But again on this, in a lot of cases, you're telling someone to pick a cheap house or a promising career. You won't find the same jobs in a smaller city.
Furthermore, to expand on how much DFW homes have increased, my FIL bought their house in 1996 for around $300k in a desirable location in the northern suburbs. His assessment last year was over $700k and he could sell it for $750k ish most likely. I think it was a bit easier to buy that in 1996.
Posted on 4/12/19 at 11:19 am to Clames
quote:
Governments must listen to people’s concerns and protect and promote middle class living standards. This will help drive economic inclusive and sustainable growth and create a more cohesive and stable social fabric.”
Jesus. This is like a buzzword orgy
Posted on 4/12/19 at 11:29 am to TH03
quote:
I don't know why you older people keep mistaking stating facts as complaining.
The first house I remember my parents buying was a four bedrooms two story with a fully finished basement. It was their fourth house. 20 years later I paid almost twice as much for a two bedroom ranch with an unfinished basement for my first house.
Why was I being squeezed out of the house my parents had? Did I get fricked over too?
This post was edited on 4/12/19 at 11:35 am
Posted on 4/12/19 at 11:32 am to TH03
quote:
I don't know why you older people keep mistaking stating facts as complaining.
because they grew up in an era where you could get away with saying all kinds of bullshite and people would believe you
with information age, the boomer lies can be exposed.
what a disgusting group of people. fr
This post was edited on 4/12/19 at 11:34 am
Posted on 4/12/19 at 11:35 am to Mizz-SEC
quote:
four bedrooms two story with a fully finished basement.
quote:
20 years later I paid almost twice as much for a two bedroom ranch with an unfinished basement
If this was the same city, then it kinda proves our point. If you're in a big city and your parents were in a small one, it's not a valid comparison.
Posted on 4/12/19 at 11:39 am to Mr Perfect
quote:
with information age, the boomer lies can be exposed.
what a disgusting group of people
You're a young millennial cliché. The perfect stereotype.
Posted on 4/12/19 at 11:45 am to RogerTheShrubber
say the boomer on 2nd divorce rotting away in the middle of nowhere
sure thing dude.
you out here prob still thinking war on drugs makes sense
lol
sure thing dude.
you out here prob still thinking war on drugs makes sense
lol
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