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re: New York Times: Gen Z can't afford the rent

Posted on 8/18/23 at 3:34 pm to
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36137 posts
Posted on 8/18/23 at 3:34 pm to
quote:

And the cost of living in those places has skyrocketed.



Cost of living has skyrocketed everywhere

quote:

I think it’s funny that the same people who bang the “move somewhere cheaper (ie not a city)” people are more often than not vehemently opposed to wfh and practically pee on themselves with joy whenever some ceo or company reduces/ends their wfh set up.



I wfh but a lot of folks shouldn't be
Posted by Clames
Member since Oct 2010
19569 posts
Posted on 8/18/23 at 3:39 pm to
quote:

Yep. But it shouldn’t be a surprise when they have no financial competency and are propped up by student loans, revolving credit, and parents who won’t cut the cord.


Generations that can't accept that they have to live within their means and that the real world will tell them "no" at times.
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8689 posts
Posted on 8/18/23 at 3:41 pm to
The rent is too damn high!!
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 8/18/23 at 3:42 pm to
quote:

Generations that can't accept that they have to live within their means and that the real world will tell them "no" at times.


You're not wrong on a macro level, but housing, health care, and college costs have skyrocketed.

More government isn't the answer, but CPAs, engineers, and other upper middle class careers having issues buying in city limits is not a great indicator.
This post was edited on 8/18/23 at 3:43 pm
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138925 posts
Posted on 8/18/23 at 3:46 pm to
We can't afford rent but we also think we should let 10 million people a year into the country
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44925 posts
Posted on 8/18/23 at 3:49 pm to
quote:

Your parents don’t live forever, so they’ll eventually inherit their houses. Millennials are soon to become the richest generation once their receive their inheritance.



the oldest of the baby boomers' children are Gen X, its the baby boomers in their 50s and 60s that are the millennials parents
Posted by Vacherie Saint
Member since Aug 2015
47575 posts
Posted on 8/18/23 at 3:56 pm to
quote:

You really belive that don't you? Less than 25% of American have a college education. Yet it is some kind of anchor on the trades?


You are being extremely dishonest with this data by including generations of older Americans who had zero access to higher education. The reality is, that over 60% of current high school graduates immediately enter college, but only about a third of all jobs require a degree.
This post was edited on 8/18/23 at 5:14 pm
Posted by NIH
Member since Aug 2008
122864 posts
Posted on 8/18/23 at 4:15 pm to
Yeah, if you have kids you’re easily shelling out 600-800k for a decent place within an ideal city neighborhood. And likely more if you’re near good schools (basically only west Houston) and limited parts of the inner loop. There are still some nice townhomes and condos for less than $500k but not many. And you’d probably only do those single or without kids.
This post was edited on 8/18/23 at 4:17 pm
Posted by LRB1967
Tennessee
Member since Dec 2020
23173 posts
Posted on 8/18/23 at 4:30 pm to
They are probably Democrats. They vote for this shite. No sympathy.
Posted by pelicansfan123
Member since Jan 2015
2410 posts
Posted on 8/18/23 at 5:05 pm to
I haven't read the article and obviously there's a limit to this, but I do wonder how many of these people are willing to drive Uber/Lyft, work evening shifts at restaurants/bars, work at a grocery store on the weekend, etc..

When you're in financial, sometimes the best thing to do is just suck it up and find something else to make money.
Posted by Revelator
Member since Nov 2008
62079 posts
Posted on 8/18/23 at 6:03 pm to
Bidenomics!!!!
Posted by CleverUserName
Member since Oct 2016
17482 posts
Posted on 8/18/23 at 6:18 pm to
quote:

"Pursue her dream of writing.”

"Goal of pursuing rap"




Or what we Gen Xers call.. lazy unemployed frickers

quote:

"Prospect of buying a home of having kids"



In New York? Better pick up another job to go with the 30 hours of door dash and half a day on the weekend on Uber.

quote:


"not only had to use her entire paycheck, but had to dip into her tip money"


But completely lacks the drive to move away from the service industry.

And they didn’t get to throw in student loans.

bUt ThE BoOmERS!!!!
Posted by liz18lsu
Member since Feb 2009
18042 posts
Posted on 8/18/23 at 6:31 pm to
I bet those tattoos could have contributed to a down payment.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6538 posts
Posted on 8/23/23 at 12:58 pm to
quote:

maybe it’s considered in downtown, big tall buildings everywhere


Haha I've narrowed it down to what I call Dowtown 1, 2, etc. in the Houston area. Several areas could be downtowns in cities on their own haha.
Posted by chinese58
NELA. after 30 years in Dallas.
Member since Jun 2004
33819 posts
Posted on 8/23/23 at 7:39 pm to
quote:

Sometimes you gotta sacrifice if you want to be the next big thing in Rap.
Why can't she sell drugs like all of the 90's rappers did? The money to record, plus street cred!
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74859 posts
Posted on 8/23/23 at 7:41 pm to
too bad.

work harder.
Posted by cgrand
HAMMOND
Member since Oct 2009
48985 posts
Posted on 8/23/23 at 7:56 pm to
no plumbers or electricians listed there I see
Posted by chinese58
NELA. after 30 years in Dallas.
Member since Jun 2004
33819 posts
Posted on 8/23/23 at 8:00 pm to
quote:

They all likely voted for this shite.

Let them feel the consequences.

What Swoozie said may apply. If it does, they don't even realize why things are the way they are.
quote:

They probably went to schools that were about indoctrination rather than education and they don’t have the intelligence or skills for those jobs, much less any ambition oThey probably ther than “rapping/writing” on the taxpayers dime.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37053 posts
Posted on 8/23/23 at 9:20 pm to
Who would’ve thought that people unwilling to work and/or unqualified for any high paying jobs, in this Bidenomics inflationary economy, wouldn’t be able to afford rent in some of the most expensive places in America. Stop the presses, this must be the republicans fault.
Posted by Reservoir dawg
Member since Oct 2013
15129 posts
Posted on 8/23/23 at 11:00 pm to
Zoomers are hopeless.
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