- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/21/17 at 6:50 pm to 50_Tiger
Posted on 8/21/17 at 6:50 pm to 50_Tiger
quote:
Move to DFW man. So many IT companies popping up left and right.
I did VERY well in my programming classes in school (except for assembly, which is a different animal), but I never really enjoyed it. And I've played around with PLLs/555 timers and the like, but I never took a communications class in school so I'd be fairly clueless getting into telecom.
1
Posted on 8/21/17 at 6:50 pm to bmy
quote:
The median home value in Nashville is $231,400
To qualify with 5% down a couple or single person would have to gross $4753 a month with reasonable debt outside of the mortgage payment.
WTF am I missing here? That's $30k a person.
Posted on 8/21/17 at 6:50 pm to slackster
quote:
They don't make the same money on an inflation adjusted basis as generations before them. Your point is irrelevant.
I know millenials making 6-figures in areas where that is easily affluent income and still complain about not being able to buy a house. They spend what they earn on frivolity and have zero concept of the value of money over time. Medical and dental schools host lectures on running practices, investing, retirement, etc. and the students blow them off. My millennial fiancée went to every finance-related lecture, cut her expenses to bone, lived on a meager stipend, and graduated dental school and earned a Ph.D. simultaneously with zero student debt. Don't give me any bullshite weak-minded excuses, these kids can earn the money, they simply need to lose their sense of entitlement and bust their asses for once in their lives.
Posted on 8/21/17 at 6:50 pm to PNW
quote:
This isn't true for people living away from the South.
WTF? The upper Midwest, Great Plains, Las Vegas, Eastern Oregon and Washington, Idaho....
Hell in geographically much of California it's true
This post was edited on 8/21/17 at 6:51 pm
Posted on 8/21/17 at 6:51 pm to PNW
quote:
This isn't true for people living away from the South.
It's not just the South. It's true for basically anywhere outside of California, the Pacific Northwest, and the Northeast.
Posted on 8/21/17 at 6:52 pm to THRILLHO
quote:
I did VERY well in my programming classes in school (except for assembly, which is a different animal), but I never really enjoyed it. And I've played around with PLLs/555 timers and the like, but I never took a communications class in school so I'd be fairly clueless getting into telecom
You don't necessarily have to do what I do. The Core network is almost explicitly IP / Linux driven. So if you can do stupid shite like allocate new discs , count hops, create macros, then you will look like a God.
A lot of old farts here. I had to literally bring my entire lab into the 21st century.
Posted on 8/21/17 at 6:52 pm to THRILLHO
quote:'retweet
I know that I was a bit of an outlier with the long wait to get a job, but I think that STEM = easy to get a great paying job is overblown.
Posted on 8/21/17 at 6:53 pm to Clames
I know many young people knocking on 6 figures in the south and they're in debt up to their asses. 3 years in the workforce and they have a $60k truck, $40k boat, $225k house, etc etc.
Kinda hard for me to look at them from my $1500 Toyota Camry and wonder wtf I am doing wrong
ETA: the banks seem to be throwing money at people my age. They were going to approve me to borrow $215k for my first house on a 3% down payment. I couldn't nearly afford that.
Kinda hard for me to look at them from my $1500 Toyota Camry and wonder wtf I am doing wrong
ETA: the banks seem to be throwing money at people my age. They were going to approve me to borrow $215k for my first house on a 3% down payment. I couldn't nearly afford that.
This post was edited on 8/21/17 at 6:55 pm
Posted on 8/21/17 at 6:53 pm to GreatLakesTiger24
quote:
Since 2010 millennial population trends rank New York, Chicago, Washington, and Portland in the bottom half of major metropolitan areas while the young head out to less expensive, highly suburbanized areas such as Orlando, Austin, and San Antonio.
Millennial SA homeowner here
Posted on 8/21/17 at 6:54 pm to Mingo Was His NameO
quote:
Without arguing with your point, you do realize it was your generation that raised millennials right? The 40-60 year old crowd wants to blame everything on millennials, but they're the ones that taught them to act like they do.
I was born in 1990 bro. You have a moot point.
Posted on 8/21/17 at 6:55 pm to DownshiftAndFloorIt
quote:
I know many young people knocking on 6 figures in the south and they're in debt up to their asses. 3 years in the workforce and they have a $60k truck, $40k boat, $225k house, etc etc.
I think that's another issue. A lot of people want to keep up the Joneses. Save money, live within your means and you'll be able to afford things.
Posted on 8/21/17 at 6:55 pm to 50_Tiger
quote:
Well typically outside of the rare occasion most dumb brawds are broke too
True
I was just stating that there are more perks than just the money that comes with dating/marrying an educated person. I 100% agree with what you're saying, though.
Posted on 8/21/17 at 6:55 pm to THRILLHO
Indians are taking over engineering from a desk job perspective more and more everyday. Yall engineers need to know this. Please understand this is true. Please understand that the executives at your company don't really understand what you do. Understand that you will be outsourced in the next five years. Unless you are an owner or government, your PE is going to be worthless soon.
Posted on 8/21/17 at 6:56 pm to Epic Cajun
quote:
It's not just the South. It's true for basically anywhere outside of California, the Pacific Northwest, and the Northeast.
So basically the places less desirable, it's affordable?
Makes sense.
It costs, on average, $201 per square foot in Flathead County. This includes nothing but small towns like Kalispell, Evergreen, Columbia Falls, Whitefish, Hungry Horse, Bigfork, etc.
I can't find a place in my area for shite. Plus rental prices are sky high as well.
This post was edited on 8/21/17 at 6:59 pm
Posted on 8/21/17 at 6:56 pm to DownshiftAndFloorIt
Hell im actually looking for a job where I can get field experience and work overtime. Office jobs suck.
Posted on 8/21/17 at 6:56 pm to DownshiftAndFloorIt
quote:
I know many young people knocking on 6 figures in the south and they're in debt up to their asses. 3 years in the workforce and they have a $60k truck, $40k boat, $225k house, etc etc.
Most of these idiots probably have student loans, too.
Posted on 8/21/17 at 6:58 pm to PNW
quote:
So basically the places less desirable, it's affordable?
Makes sense.
Yes, which is why I said mid-sized cities. Of course, larger cities, and more desirable areas are going to cost more. Most mid-sized cities are going to be relatively affordable, though.
Posted on 8/21/17 at 6:59 pm to DownshiftAndFloorIt
quote:very boomer of them
I know many young people knocking on 6 figures in the south and they're in debt up to their asses. 3 years in the workforce and they have a $60k truck, $40k boat, $225k house, etc etc.
Posted on 8/21/17 at 6:59 pm to PNW
quote:
So basically the places less desirable, it's affordable?
Makes sense.
Median home value in Kalispell is 180k. Is that what you mean?
Posted on 8/21/17 at 7:00 pm to Epic Cajun
Well I don't understand it and it makes me feel like I'm doing something wrong.
I bought a $175k house, put 10% down, have $20k in student loans. I have two vehicles but both are old and paid for and insurance on them is cheap, and frick I feel like I'm broke even though I'm pumping money into my 401k and company stock benefit shite. All my friends have all this super expensive shite and are steadily buying more of it while simultaneously taking about buying more shite.
Either everybody's parents gives them money and mine didn't, I'm just an idiot, or they're living check to check on $90k a year.
If the last one is the case, obviously the banks are comfortable loaning money to millineals.
I bought a $175k house, put 10% down, have $20k in student loans. I have two vehicles but both are old and paid for and insurance on them is cheap, and frick I feel like I'm broke even though I'm pumping money into my 401k and company stock benefit shite. All my friends have all this super expensive shite and are steadily buying more of it while simultaneously taking about buying more shite.
Either everybody's parents gives them money and mine didn't, I'm just an idiot, or they're living check to check on $90k a year.
If the last one is the case, obviously the banks are comfortable loaning money to millineals.
This post was edited on 8/21/17 at 7:03 pm
Page 9 of 29
Popular
Back to top
Follow TigerDroppings for LSU Football News