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Started By
Message
re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/21/17 at 6:35 pm to 50_Tiger
Posted on 8/21/17 at 6:35 pm to 50_Tiger
quote:
I had a job offer before I walked across the stage in the spring of 2015. After bonus this year ill pull in over 80k.
BSEE, Telecom Industry.
Telecom pays higher than power (which is what most of my classmates and I went in to), plus the Dallas job market is way better than NOLA's.
I'll consider relocating to a better market in ~2 years when I get my PE, but it won't do me much good right now. I check Indeed regularly out of curiosity, and sometimes it makes me feel well paid. I've seen listings in NYC, Los Angeles, the Bay Area, DC, etc... looking for a PE that had salaries listed in the $80k range. That's not good money for a high skilled job with 4+ years experience in those areas.
2
Posted on 8/21/17 at 6:36 pm to DownshiftAndFloorIt
quote:
There is no replacement for time in the market.
that's the fricking truth
Posted on 8/21/17 at 6:37 pm to NIH
quote:
Even those with "good" degrees are facing tougher times than their parents.
Oh, bullshite. Be the cream because it rises to the top. Be lazy in school and life and guess what you get? Average. People need to aspire for more than average.
Posted on 8/21/17 at 6:37 pm to GeorgeTheGreek
Not to mention that things were just plain different back then. These days it's so rare for someone to inherit land to build on or to build their own house themself when 30-40 years ago it was fairly common. Had I been given an acre of land to build on, I'd have my house paid off in 5 years.
shite is just expensive these days, especially houses. They're all huge with tiny yards compared to just 40 years ago. There were 4 of us in a 1200 sq ft house with 1 bathroom growing up and it was just fine. These days, the only place you'll find that is in the hood or 95 miles away from work.
shite is just expensive these days, especially houses. They're all huge with tiny yards compared to just 40 years ago. There were 4 of us in a 1200 sq ft house with 1 bathroom growing up and it was just fine. These days, the only place you'll find that is in the hood or 95 miles away from work.
Posted on 8/21/17 at 6:37 pm to deeprig9
I have laughed so much at this thread!! Needed it after my day at work.
Posted on 8/21/17 at 6:39 pm to Mingo Was His NameO
quote:
As someone was saying earlier in the thread in the 70s you got a job and you worked there 30 years until retirement
Nope. That's how it was in the 40's. 50's and 60's.
Posted on 8/21/17 at 6:39 pm to GreatLakesTiger24
Firstly, millennials don't want to save money for down payments. They just want to make six figures right out of college and be able to afford whatever they want.
Secondly, there are jobs out there that pay well. They just don't want them because they aren't cushy desk jobs to start.
Secondly, there are jobs out there that pay well. They just don't want them because they aren't cushy desk jobs to start.
Posted on 8/21/17 at 6:40 pm to bmy
quote:
quote:
That means you have a lot of sub 339k homes.
And an equal amount of homes above 339k
Your response is typical of a person who will flail away at life
Happy successful people look at situations and see opportunity, and they make their way and pay their dues. They see how things can be accomplished
Unhappy, marginal employees always see why things can't get done and reasons they can't be successful. Their life is ruled by anger, blame and jealousy.
This post was edited on 8/21/17 at 6:40 pm
Posted on 8/21/17 at 6:40 pm to THRILLHO
quote:
Telecom pays higher than power (which is what most of my classmates and I went in to), plus the Dallas job market is way better than NOLA's.
I'll consider relocating to a better market in ~2 years when I get my PE, but it won't do me much good right now. I check Indeed regularly out of curiosity, and sometimes it makes me feel well paid. I've seen listings in NYC, Los Angeles, the Bay Area, DC, etc... looking for a PE that had salaries listed in the $80k range. That's not good money for a high skilled job with 4+ years experience in those areas.
Move to DFW man. So many IT companies popping up left and right. I get hit up by headhunters for Telecom all the time and im only 2 years in. You can even get on at Amazon AWS here which pay extremely well. I am trying to get a few more years under my belt so I can go fishing for 6 figs.
Posted on 8/21/17 at 6:40 pm to GreatLakesTiger24
quote:
where job growth has been largely in service and part-time employmen
6 months ago they were cheering this economic upswing
Posted on 8/21/17 at 6:41 pm to DeafJam73
quote:
Firstly, millennials don't want to save money for down payments. They just want to make six figures right out of college and be able to afford whatever they want.
Secondly, there are jobs out there that pay well. They just don't want them because they aren't cushy desk jobs to start.
Hey, the banks are still waiting to be paid back from your cushy desk jobs.
Oh, never mind - the government did that for y'all.
You lazy fricks.Posted on 8/21/17 at 6:42 pm to DownshiftAndFloorIt
quote:
These days it's so rare for someone to inherit land to build on or to build their own house themself when 30-40 years ago it was fairly common
I swear, someone really whitewashed the past.
Most people were poor or working class 50-40 years ago. There wasn't anything to inherit
Posted on 8/21/17 at 6:44 pm to RogerTheShrubber
quote:
Maybe this is their problem.
None of my friends have problems? As I said previously, I'm about to close on my first home (I'm 29), and many of my friends have already purchased homes.
Yes, it may be hard to buy your first home if you're buying in a large city, but if you're in a mid-sized city it isn't that hard. (speaking about mostly college educated folks who are married to other college educated folks)
Posted on 8/21/17 at 6:45 pm to baseballmind1212
quote:
I have 5 close friends, 3 of which (including me) graduated in CM. One makes 80k 3 years out. I started at 60 and 3 months in am now making 65k. The other graduates this fall and already signed an offer letter starting at 57.5k.
2 buddies in engineering, one in MECH, and the other in EE.
The mechanical guy is doing the worst out of all of us. It took him 2 months after graduation to find a gig and 2 years in he's at 70k.
Maybe I chose the wrong engineering to get in to.
Though I wasn't really interested in mech/civil/chemical, so it's not something that I'm going to dwell on. And I'm legit shocked that CM pays that well to start. But you say you're in CM. Are those engineer buddies in the MEP field? That's what I'm in. I know that it pays less than the controls/instrumentation field, but I didn't really want to be stuck working rotating shifts in a plant my entire life if I could help it. Also preferred MEP over distribution since so many areas of the country have monopolies for electrical service providers. If I got on with Entergy and didn't like working for them, I'd pretty much have to pick up and leave the area.
Posted on 8/21/17 at 6:46 pm to RogerTheShrubber
Where I'm from (AP), Most of my family and family friends that I can think of inherited or bought family land. Maybe it was just common here? They were farmers and not wealthy or anything by today's standards, but they did have land.
Posted on 8/21/17 at 6:46 pm to Epic Cajun
quote:
quote:
Maybe this is their problem.
None of my friends have problems? As I said previously, I'm about to close on my first home (I'm 29), and many of my friends have already purchased homes.
Yes, it may be hard to buy your first home if you're buying in a large city, but if you're in a mid-sized city it isn't that hard. (speaking about mostly college educated folks who are married to other college educated folks)
Yeah I butchered your post. I apologize, totally misinterpreted
Posted on 8/21/17 at 6:47 pm to 50_Tiger
quote:
Marry up or equal and for fricks sake do not knock up some broke arse brawd and be stuck.
Make your household income range target around 125-150k and you are golden man.
It's about more than just money, before my wife I dated a girl who is not educated (hair stylist or whatever their preferred term is). Now that I look back at it, and I don't know what I was doing
Posted on 8/21/17 at 6:47 pm to Epic Cajun
quote:
but if you're in a mid-sized city it isn't that hard
This isn't true for people living away from the South.
Posted on 8/21/17 at 6:47 pm to GeorgeTheGreek
quote:
Hey, the banks are still waiting to be paid back from your cushy desk jobs.
Oh, never mind - the government did that for y'all. You lazy fricks.
I've never had a cushy desk job. I go crazy sitting down all day.
I pay my debts. It sucks, but I pay them.
Posted on 8/21/17 at 6:49 pm to Epic Cajun
quote:
t's about more than just money, before my wife I dated a girl who is not educated (hair stylist or whatever their preferred term is). Now that I look back at it, and I don't know what I was doing
Well typically outside of the rare occasion most dumb brawds are broke too
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