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Started By
Message
1
Posted on 12/21/23 at 10:21 am to jclem11
quote:
Exactly. The old heads in these threads never realize that millennials are old and grey now.
frick that I'm not grey.
My knees do click when I walk though.
Posted on 12/21/23 at 10:22 am to meansonny
quote:all of the data and statistics
"Objectively harder" how?
Posted on 12/21/23 at 10:23 am to Scruffy
quote:
People always talk about the 70s and high interest.
I’ll tell you what, give me the prices from back then and the income from the 70s and you can give me the 13% interest rate.
Yup.
And in 50 years from now, some 30 something is going to be going off about how good you had it.
Posted on 12/21/23 at 10:24 am to GreatLakesTiger24
quote:
and as far as buying a house goes, it's objectively much harder now than it was for people your age the facts cannot be denied
That and $5 will buy you a cup of coffee at Starbucks.
Posted on 12/21/23 at 10:26 am to Darth_Vader
quote:*$2.57. so $5 will get you two cups of coffee at starbucks.
That and $5 will buy you a cup of coffee at Starbucks.
This post was edited on 12/21/23 at 10:27 am
Posted on 12/21/23 at 10:29 am to meansonny
quote:Well, considering you consistently ignore statistics such as that graph I posted for your “bootstrap” mentality, we’ll all be fricked by that point so it won’t really matter anymore.
And in 50 years from now, some 30 something is going to be going off about how good you had it.
How about actually acknowledging the fact that the system is currently screwed up significantly more than it has been for previous generations?
Hell, just looking at that graph of median home vs income I posted and it is apparent that the system is broken and it hasn’t ever been like this before.
And how do I know it’s never been like this before?
Because the data clearly shows that.
Posted on 12/21/23 at 10:32 am to DownshiftAndFloorIt
quote:
It's expensive as all frick and pay has not gone up anywhere near proportional to inflation??
Waffle House in my town is hiring at $20/hour.
A couple both working at Waffle House are making $83,200/yr.
2 bedroom apartments and townhomes in my town are $1700/month.
They could sublet the 2nd room if money was too tight.
Is it difficult to be poor? Absolutely?
Poor and single?
Twice as hard.
But a 2 bedroom apartment is running about 24% of gross income on a Waffle House employment plan.
That's what would be considered "normal".
I linked zillow earlier for townhomes and condos for sale in Sandy Springs, GA (very nice part of town). There were 35 hits for properties for sale from $175k to $250k. The majority were well under the $230k mark.
You confuse objectively with subjectively.
Posted on 12/21/23 at 10:35 am to Scruffy
quote:
Hell, just looking at that graph of median home vs income I posted and it is apparent that the system is broken and it hasn’t ever been like this before.
This hasn't been answered. How many pages in?
Why is a first time homebuyer concerned with buying a house more expensive than 49.9% of all of the homes sold?
Why is that "the objective metric"?
It is completely irrelevant.
A better sample would be median income for first time homebuyers.
And median price for first time homebuyers.
But that article doesn't drive clicks. That article doesn't piss off the peons who want to blame something.
Posted on 12/21/23 at 10:36 am to Scruffy
quote:
Then you can include the younger generations who are incredibly nihilistic and you are heading for a political and social nightmare that, I’ll point out, the older generations aren’t going to die before experiencing.
I'm legitimately terrified of it. Been busting my arse for 25 years and will work for who knows how many more to enjoy a very nice retirement, right when the fricking socialist generation who expects to be taken care of needs a lot of money to fund their social programs.
Posted on 12/21/23 at 10:37 am to meansonny
quote:
Why is a first time homebuyer concerned with buying a house more expensive than 49.9% of all of the homes sold?
Because they think they’re too good to buy what we use to call a starter home.
Posted on 12/21/23 at 10:39 am to Dire Wolf
Thank you for reiterating my point from earlier I feel so validated. Childcare for two children is the cost of our mortgage. We make enough to afford it (even though I do not like paying that bill every month), but also recognize that it is not affordable/doable for the majority of our peers.
I have a friend who has two kids similar in age and she has left the workforce to stay home. Now her husband bitches constantly that they're broke and says she does nothing to contribute to the house.
I feel so validated. Childcare for two children is the cost of our mortgage. We make enough to afford it (even though I do not like paying that bill every month), but also recognize that it is not affordable/doable for the majority of our peers. I have a friend who has two kids similar in age and she has left the workforce to stay home. Now her husband bitches constantly that they're broke and says she does nothing to contribute to the house.
Posted on 12/21/23 at 10:39 am to meansonny
quote::facepalm:
Why is a first time homebuyer concerned with buying a house more expensive than 49.9% of all of the homes sold?
That is median. The upper 50% of homes aren’t the only ones that are going up in price.
The bottom is as well.
You do understand that right?
And income is not increasing at an equivalent rate to account for that.
quote:That would most likely be even lower than the median income that they used, considering that that is all wealth groups.
A better sample would be median income for first time homebuyers.
Posted on 12/21/23 at 10:40 am to Scruffy
quote:
The younger generations have been told by schools, the news, their parents, etc., that the world will end via climate change, wars, etc., and they do not give a shite anymore.
Those nihilistic fricks are going to have political power VERY soon.
They've also been taught all they need to do to reap all the rewards is simply show up. When reality smacks them in the face, they will just try to change the new reality. And then everyone will be equal in our misery. Awesome.
Posted on 12/21/23 at 10:41 am to GreatLakesTiger24
quote:
and as far as buying a house goes, it's objectively much harder now than it was for people your age
the facts cannot be denied
How about four years ago? How much harder was it then?
ETA: Median Home Sales Prices Reach Record High of $258,000 in 2019 (not bad...newsflash, the real estate market ebbs and flows)
This post was edited on 12/21/23 at 10:46 am
Posted on 12/21/23 at 10:46 am to Chucktown_Badger
quote:Then stop rejecting the complaints and concerns of the younger generations so that they can feel as if they are a part of the capitalist economic system, rather than feeling as if they are being abused by it.
I'm legitimately terrified of it. Been busting my arse for 25 years and will work for who knows how many more to enjoy a very nice retirement, right when the fricking socialist generation who expects to be taken care of needs a lot of money to fund their social programs.
Because, at this moment, we are building a political group that is going to blow up a system that they see as unfair.
And we all will suffer for it.
Posted on 12/21/23 at 10:47 am to alexahet
quote:
says she does nothing to contribute to the house.
Well hopefully she isn't just sitting on her dead arse all day blowing money online shopping
Posted on 12/21/23 at 10:48 am to Scruffy
quote:
Then stop rejecting the complaints and concerns of the younger generations so that they can feel as if they are a part of the capitalist economic system, rather than feeling as if they are being abused by it.
My question is still unanswered. What do they want done about it?
There are now hundreds of comments in this thread both about how many homes are sold to first time buyers (it's a lot) and what the options are for those looking to buy. Obviously those aren't fun solutions so of course they get rejected. So what do they want done?
Government price controls? Socialism? Taxpayer funded subsidies? I hear the complaining. So what do you/they want?
Also, as I've posted, this is a generation who does not want to put in the time and effort of previous generations, prioritizes the now over planning for the future, but still expects the rewards of those who are the opposite. I cannot help that...that's on the parents of this younger generation.
This post was edited on 12/21/23 at 10:51 am
Posted on 12/21/23 at 10:54 am to Chucktown_Badger
quote:Yep.
They've also been taught all they need to do to reap all the rewards is simply show up. When reality smacks them in the face, they will just try to change the new reality. And then everyone will be equal in our misery. Awesome.
This isn’t a movement where they will grow out of it and become more conservative once they start making money.
They are currently making money and have been for years and it isn’t the outcome they were sold.
Posted on 12/21/23 at 10:55 am to DownshiftAndFloorIt
Yeah, hopefully 
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