re: Here’s how and why our kids can’t buy a house. Thanks Obama.

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I flip houses in the side and my dad has been doing it for 40 years. If you go back to the 70’s and 80’s, most construction crews weren’t made up of illegal immigrants. That has been a relatively recent trend and I can assure you there are plenty of Americans coming out of high school who don’t want to go to college but can make more money learning a trade skill. As a matter if fact, the state where my wife teaches is offering trades to high school students for free and can graduate high school with no debt and 50-75% ready for the workforce

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Its sad but I hope its changing. There are ZERO white framing crews here...and there probably havent been for at least a decade. Even white trades guys...send mexicans to do the work under their umbrella. I had some young white plumbers swing by to give me their card. When I called for a quote, the dude wouldnt spit out his dip to talk to me and wouldnt even come by the house. Gave me an FU quote. They also probably would have just sent mexicans

Much more responsive answer than illegals.

Which raises the questions:

1. Why will removing illegals make these jobs attractive to these kids?

2. If "these kids" don't take the jobs, who will do the jobs?

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This is such boomerthink(Xers are just boomer light). "My son did it so everyone's son should"

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my son is 30 he's married they're trying to have kids and he bought a house 2 years ago last year he made 160k he's a full stack developer and no AI is not going to eliminate his job just enhance it.

why did you plan on being a serf did you not have parents? i could have told you that being a serf has never been lucrative.just like being a school teacher.

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In addition to these construction jobs, there are millions of open trade jobs. Why aren't these kids taking them?

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Because for 3 decades we have talked about construction work as if its a prison sentence. Teachers would frame it as a punishment for not getting good grades and going to college.

Its a symptom of farming out cheap ugly, mass produced homes for decades instead of homes built by craftsmen who had pride in their work.

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Very few have had the negative impacts that the millennial generation has.

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Oh my.

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The Great Recession was a ~2yr event.

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And the "fix" was an even worse event that is going on 2 decades

The 2008 bailouts that reinflated the bubble and kept it going began under Bush. Obama is a lot of things but the cause of the various housing bubbles of the past 20 years he is not.

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Their careers neutered?

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Yes

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See, that's the kind of language that cultivates, in fact begs for, a lack of empathy.

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No. It's data-based analysis.

It's about being on the wrong side of variance, not empathy.

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But to act like it was some sort of insurmountable

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Now you're creating a straw man and engaging in the emotional-based implications you tried to pin on me

Nobody said it was "insurmountable". I said neutered. Projected earnings were nerfed compared to those who didn't experience that level of recession (which was comparable to the Depression).

The double nut-kick was then facing the neutering in the Covid economy as that same population was in their career position to possibly make up for some of the neutering. Then add in the unique affordability crises with the inflation suffered as a result of the Covid policy and it's just unlucky negative externality after unlucky negative externality.

It's not about asking for sympathy; it's just asking for acknowledgment. Older people who had an easier path have something akin to a personality disorder that won't even permit them to admit their path was easier. Again, not about empathy, just honesty.

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quote:the "fix" was an even worse eventReferring to the Obama election?

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TARP and QE

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my kid bought a house 2 years ago he's 30

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Glad to hear your kid is doing well.

But there are a lot of people his age making a great wage at half what he makes who still can’t afford a house. That’s ridiculous for someone making $80k/yr. The mortgage for a 40 year old 1800 sq ft house down the street from us that hasn’t been updated is $2500/mo. Half of that $80k/yr individual’s take home and they haven’t paid for utilities yet.