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re: New York Times: Gen Z can't afford the rent
Posted on 8/18/23 at 1:32 pm to jbgleason
Posted on 8/18/23 at 1:32 pm to jbgleason
quote:
Show me a young person busting their arse in a career field that is having trouble and I will listen.
Bingo. You hit the nail on the head.
My daughter is 25, an OTA and got married a year ago. He husband is Quality Control supervisor for company he works for. They bought a house run they got married. Not a mansion but definitely a nice starter home in a good subdivision. 1500sf 3/2 brick home, garage, .5 acre lot.
My son is a plumber. He bought a little house year before he even got his journeyman. It’s an older wood frame, pier and beam but had decent bones and we spent some elbow grease fixing it up. He is getting married in October to a dental hygienist. They are already looking to upgrade and will likely be buying in the next couple weeks.
Don’t really see the big deal. I mean interest sucks right now and likely means you have to lower expectations more than others had to a couple years ago but it is still possible to work a good job and buy a home
1
Posted on 8/18/23 at 1:39 pm to Kingshakabooboo
There are plenty of good homes at decent prices that need a little TLC. Part of the problem was people willing to spend over the value on freshly (often times badly) renovated homes because they wanted move-in-ready and wanted to do absolutely nothing to them for the foreseeable future.
Posted on 8/18/23 at 1:42 pm to Bayou_Tiger_225
quote:
Thank you for not lumping us in with Gen Z. I know we are close in age 27-30, but most of us got our shite together.
huh xennials is the micro generation that is technically first couple of years of the millennials. like 1981-1986, much older than 27-30
you are thinking Zennials. which is end of millenials and and was like 95-06
Posted on 8/18/23 at 1:43 pm to CaptainBrannigan
quote:
It's cute you think there are still field that pay well.
You dont think engineering and other stem degrees pay well??
thats cute
Posted on 8/18/23 at 1:44 pm to Tantal
quote:
Just watch....Boomers and Millennials are going to gang up on Gen-X at the voting booth and have us pay for everything.
na that would be boomers and Gen Z.
Millenials is like 1981-1996 officially. those people are mainly mid to late 30s or older. most grew up just like gen x but had home computers too.
some of yall really have no clue what the generations are do yall?
Posted on 8/18/23 at 1:46 pm to lsu777
Let’s say the average engineer makes 100k. He can’t afford the average existing house at about 420k. That’s probably a problem
Posted on 8/18/23 at 1:55 pm to GreatLakesTiger24
quote:
Let’s say the average engineer makes 100k. He can’t afford the average existing house at about 420k. That’s probably a problem
100k would be less than 10 years in the field for sure
a pre-30 year old prolly has no business buying a 420k home on a single income.
and you could easily find a decent home in a good school district to not have to send your kids to private in LC for 300. im sure in Lafayette too.
but i do agree home prices are out of control. its a bubble that will burst eventually. prolly when boomers start selling.
This post was edited on 8/18/23 at 1:56 pm
Posted on 8/18/23 at 1:56 pm to Cs
quote:FIFY
New York Times: Gen Z can't afford the rent in the city and area they feel that they are entitled to
Posted on 8/18/23 at 1:57 pm to lsu777
quote:
that would be boomers and Gen Z.
The Millenials will be in on it too. If Gen-X (soon to be the highest earners once the Boomers are done retiring) doesn't pay for the Boomers' retirement, they're going to have to move in with their kids (mostly Millenials). Neither of them want that, so they'll vote to have Gen-X pick up the bill.
Posted on 8/18/23 at 1:58 pm to dgnx6
quote:
These are the same people that think the workers that can’t even show up on time should own the company.
“Time Blindness”….these fricks
Posted on 8/18/23 at 2:03 pm to lsu777
BLS says the median for mechanical engineers is less than 100k at 96k 
My point is the article is sensationalized with the retards they used as examples, but the overall point is sound. If you need to be in the 90th percentile of mechanical engineers (151k) to afford a median house, that’s not great.
My point is the article is sensationalized with the retards they used as examples, but the overall point is sound. If you need to be in the 90th percentile of mechanical engineers (151k) to afford a median house, that’s not great.
Posted on 8/18/23 at 2:05 pm to Cs
We moved out of NYC when we had our third kid because the cost didn’t make sense. Having multiple children and living somewhere decent in NYC is a privilege few can afford.
Posted on 8/18/23 at 2:07 pm to GreatLakesTiger24
quote:
BLS says the median for mechanical engineers is less than 100k at 96k
My point is the article is sensationalized with the retards they used as examples, but the overall point is sound. If you need to be in the 90th percentile of mechanical engineers (151k) to afford a median house, that’s not great.
outside of industrial sector and related industries...mechanicals dont make that much
but yea your point is sound and i agree.
housing is out of control for sure
but also we have gotten to the point where a starter home, isnt really a starter home anymore either.
Posted on 8/18/23 at 2:07 pm to Cs
Writer, aspiring rapper, paraprofessional (whatever that is), book editor, server…anybody see a trend here?
Get a fricking real job if you want to earn real $.
Get a fricking real job if you want to earn real $.
Posted on 8/18/23 at 2:12 pm to TejasHorn
quote:
The new trend is new build subdivisions of single family homes for rent.
This. I see some home builders going back to building small 3/2 starter homes that don’t cost $250,000. This is the way. Not everyone needs a McMansion.
A lot of these GenZers grew up affluent and aren’t willing to take a step back in lifestyle to build up their career.
Posted on 8/18/23 at 2:13 pm to CaptainBrannigan
quote:
It's adorable that you don't know what would happen to those jobs if too many people enter the market.
Do you support open borders?
Posted on 8/18/23 at 2:14 pm to dgnx6
quote:
These are the same people that think the workers that can’t even show up on time should own the company.
What’s wrong with that? tOT’s favorite profession, construction tradesmen, are probably the single worst cohort regarding showing up on time consistently.
Posted on 8/18/23 at 2:31 pm to CaptainBrannigan
quote:
It's cute you think there are still field that pay well.
It's adorable that you don't know what would happen to those jobs if too many people enter the market.
The trades are paying better than ever because we’ve told an entire generation that a women’s studies degree is more important than electricians.
And flooding the labor market with foreign nationals didn’t seem to hurt us all that much since these zoomers think they are too good for manual labor, even as their moron parents bankroll them well into their 30’s.
This post was edited on 8/18/23 at 2:32 pm
Posted on 8/18/23 at 2:35 pm to dcrews
quote:
I don't doubt people from every generation have made poor financial decisions that have lead them to their circumstances, but even those of us who earn a very good living and aren't "poor" are getting less bang for our buck than previous generations.
Far more prevalent among these younger cohorts. Many are spending hundreds of dollars per month on various subscription services and aren't even aware of what they are spending. Had one dumb 20-something E4 rack up over $1000 on his government travel credit card on DoorDash deliveries to his hotel room. Many spend several hundred a month on streaming video services and spend extra for the highest tiered internet service they really don't need. Running up credit cards for the latest smart watch or phone, going out to eat for most meals, bars, gadgets...they are clueless on their spending habits.
Posted on 8/18/23 at 2:38 pm to GreatLakesTiger24
I’m curious to where the Houston guy’s kid bought. Of the people I know that can afford to buy in the city, most are double income professionals or if single in big law/finance. I’d say that’s probably the norm for most big cities right now.
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