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re: Millennials being squeezed out of middle class, says OECD

Posted on 4/12/19 at 12:02 pm to
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
69052 posts
Posted on 4/12/19 at 12:02 pm to
I’m a millennial baw. You should probably calm down.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 4/12/19 at 12:03 pm to
quote:

That's a bad thing


never said it was good or bad dude

I just said what it is, then you replied sarcastically like I was cray

you a classic fool
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51920 posts
Posted on 4/12/19 at 12:04 pm to
quote:

could care less about owning a home in 2019 dude. i like renting and flexibility that comes with it. so do many others. families are a thing of boomer past anyways

So you'll be renting until you die pissing away hundreds of thousands of dollars and you are cheering that nobody will be around to pay your social security? Sounds like you have it all figured out
This post was edited on 4/12/19 at 12:05 pm
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/12/19 at 12:04 pm to
quote:

First, you live in flyover country if you live in Dallas.



Eh technically, but more people visit Dallas than the Midwest which is what people think when they hear flyover.

quote:

Second, ya...if you want an affordable house to own you're going to have to look outside large urban population centers. Or deal with a commute.

Those are the facts. Bitching about it doesn't change those facts.


I've never disagreed with these facts. I've restated them multiple times. I'm not bitching anymore than you are.

quote:

The US is increasing in population and has been. It's only going to get worse.


By this very statement, you showed that you agree it was easier in the past than today to buy affordable housing in desirable areas.
This post was edited on 4/12/19 at 12:05 pm
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 4/12/19 at 12:05 pm to
quote:

This was absolutely true in my case.



It's true in just about all cases. Which is why it's so funny watching Mr. Perfect strut around like he's the first one to figure it all out.




Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 4/12/19 at 12:07 pm to
that's not how investing works dude

I have equity to move freely into a variety of sources since it's not going to a mortgage

or I could buy home in 2019 shock value market and have all that money stuck there for next 20 some years.

please think
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/12/19 at 12:08 pm to
quote:

Ok. Let's discuss why housing increased between my father's time and my time.

Why do you think so?


Population increase
Gentrification/people moving back to the city
Inflation
Etc

All making housing more expensive now than then.
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 4/12/19 at 12:08 pm to
quote:

never said it was good or bad dude



It's obvious you think boomers are pieces of shite, and that you, and only you, understand what 'real' living is like. So...when you say this:

quote:

families are a thing of boomer past anyways


Ya, that pretty much says you think anyone having a family are a bunch of chumps.

quote:

you a classic fool



I'm not the one running around saying anyone who doesn't life exactly like the way I do is stupid and doesn't get it.
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 4/12/19 at 12:09 pm to
quote:

All making housing more expensive now than then.


*in large urban population centers
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 4/12/19 at 12:09 pm to
quote:

I have equity to move freely into a variety of sources since it's not going to a mortgage


Well, except that rent you're paying each month.

Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42087 posts
Posted on 4/12/19 at 12:10 pm to
quote:

*in large urban population centers


Oh so were saying Frisco and McKinney are now urban?


I FINALLY WON THIS DEBATE TH03!


SUCKKK ITTTT
Posted by NIH
Member since Aug 2008
117327 posts
Posted on 4/12/19 at 12:10 pm to
Yeah, I'm a millennial and want a family and home eventually. Lots of people my age think acting 26 at 40 will be cool.
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/12/19 at 12:10 pm to
Moreso in those, sure. If you're going to act like everywhere else, house prices raised perfectly equal with inflation, then LOL
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/12/19 at 12:11 pm to
You can celebrate at one of the 3000 Chili's up there.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 4/12/19 at 12:11 pm to
just earn 1-3% on your mortgage per year (if you're lucky)

or 5-7% elsewhere

lemme think dude



Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42087 posts
Posted on 4/12/19 at 12:12 pm to
quote:

You can celebrate at one of the 3000 Chili's up there.


baw cmon quite hating. We have all kinds of fancy non chain restaraunts up here.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
452474 posts
Posted on 4/12/19 at 12:12 pm to
quote:

could care less about owning a home in 2019 dude. i like renting and flexibility that comes with it. so do many others.

families are a thing of boomer past anyways

and so is buying a home in some desolate arse town in BFE Alabama and thinking you "made it" because of doing so.

you are a poor man's rocket
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
30090 posts
Posted on 4/12/19 at 12:12 pm to
quote:

Well, except that rent you're paying each month.


And the interest on your mortgage, your property taxes, homeowners insurance, routine home maintenance, and major home repairs?

Lot of people get themselves into financial trouble buying into the line that "owning a home is like paying yourself rent instead of throwing it away to a landlord; it's a no brainer!"
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/12/19 at 12:13 pm to
They are few and far between and most are secondary locations for restaurants down here. Or lesser known upscale chains.
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 4/12/19 at 12:13 pm to
quote:

just earn 1-3% on your mortgage per year (if you're lucky)

or 5-7% elsewhere



You don't get this choice. That 1-3% opportunity (if your housing market sucks that bad) goes *poof* when that same pool of funds instead goes to the pocket of your landlord.

You don't have that same money to invest "5-7% elsewhere"

quote:

lemme think dude


Ya, you probably should a bit more.
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