re: Millennials will spend 45% of income on rent before age 30

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Move to LaPlace baw

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Do yall not count your time as value, AKA an expense when you are losing that value?

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Housing is as expensive as the market makes it.

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True, but you don't have to pay 45% of your income unless you're living beyond your means

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Right now, it is incredibly overpriced. Anyone saying otherwise is just being silly.

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Absolutely. We shouldn't have intervened after 2008. We helped out a lot of investors and hurt a lot of potential homeowners

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True, but you don't have to pay 45% of your income unless you're living beyond your means

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Not a strictly millennial thing like most of you in this thread are trying to say though

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While Baby Boomers paid just 36% of their income toward rent while in their 20s, Gen Xers paid 41% and Millennials now pay 45% of their monthly income toward rent.

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I wonder what has also grown in the years between these generations. Maybe something that had outpaced inflation?

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True, but you don't have to pay 45% of your income unless you're living beyond your means

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I'd be paying more than my rent and at best equal to it for a house right now. This isn't some nice house. This is a house that would need a ton of work, is very old, and is not in the city. The same type of house you are talking about the "different generation" having. Again, I'm just going to assume you haven't looked at the housing market recently.

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Absolutely. We shouldn't have intervened after 2008. We helped out a lot of investors and hurt a lot of potential homeowners

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So again, If houses are incredibly overpriced right now, why is it smarter for a millennial to buy a house?

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Not true.

Living in Las Colinas actually removes all toll costs minus the trips up north and put me within 3 miles of work.

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You're obsession with Los Colinas is odd. We're talking about most people and in general terms. You know that, but you want to interject some Los Calinas bullshite in here.

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You wouldn't live in the average 1970 house even with modern appliances.

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Correct. Shag carpet is terribly ugly and dirty. Houses built in the 70s would be plenty big on average for most people.

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You're just complaining about millennials spending 45% on rent.

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I haven't complained once about millennials spending 45% on rent.

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You're obsession with Los Colinas is odd. We're talking about most people and in general terms. You know that, but you want to interject some Los Calinas bullshite in here.

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I was using anecdotal evidence to show TH03 that not everyone pays increases moving out.

I can say the same thing for Addison/Carrolton as well.

You can still get 105 sqft there.

Same in Lantana.

You both are stuck up Dallas (The City) arse and fail to see benefits to living outside the 635/75/35E loop.

Go on though.

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Right now, it is incredibly overpriced. Anyone saying otherwise is just being silly.

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It really is. When I see these newer neighborhoods, that is mostly filled up, other than a few houses here and there.. And the prices these cookie cutter homes are going for.. I know it's all about location, but these homes are but just barely to code and the contractors build them as cheap as possible, they are not nearly worth what people are paying for them (well.. I mean they are worth whatever people are willing to pay for them, but people are willing to spend a lot more on houses than they should).