re: How can the average person afford to live?

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It's a drag for anyone who opted to rent a place so they could buy fancy coffee

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The self-parody is off the charts in this thread.

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Some of y’all are lucky to be born when you were because you could never make it today.

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You'd rue the day you had to compete with most of the folks you're bad-mouthing here. They'd eat your lunch and have you paying them for the privilege.

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Im asking why it would be a bad thing for you to profit 100k

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Because we need a place to live and everything in our price range in 2019 would be out of our price range in 2023. That 100k wouldn’t last long after a down payment and then financing the rest at 7%.

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Perhaps you misunderstood the question.

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300k is out of your price range?

How poor are you

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This is how you know you’ve lost the argument.

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But y’all keep pretending that this is normal and you had it harder.

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I’m not a boomer and haven’t said a single thing about how hard I’ve had it, mensa. I’m correctly pointing out that your simple graph doesn’t tell the entire story. If you’re incapable of nuance I’ll help you out; that doesn’t mean I’m saying there’s nothing to it at all.

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Boomers have a really hard time understanding they grew up in a time of unique circumstances that allowed for major economic growth (post WW2 peace)

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Ask yourself WHY there was such a boom..

Coming off defeating a Communist threat to our freedom and REAL DEPRESSION, Americans APPRECIATED the blessings this country has to offer & created a positive productive society that didn't expect anything from anybody.

One real advantage Boomers did have though (early boomers at least) was that taxes and government were less intrusive enough that a family could survive on one income.

That being said, the biggest difference in life overall was patience and expectations.
My parents did without and SAVED for things they wanted/needed. A house was 1200-1500 sf with a 8-14% mortgage and didn't have all of the luxuries we take for granted today.

Go price building a 1200 sf house with basic appliances and Formica finishes before you complain about not being able to afford your quartzite countertops, walk in closets, 2 car garages for your 2 luxury cars, spa tubs, rain showerheads, and smart features.

Today's generation would be horrified to have to live in such an "embarrassing" house or drive the beaters we drove to save up enough to buy that "embarrassing" little house.

I'm not saying it's easy today for kids coming up; it's very hard.
But to blame Boomers for your inability to enjoy the luxuries they created is disingenuous and lacks context.
Regardless of who created the problems, the solution is certainly NOT more government, hating the principles that founded this country, printing more money, and adopting a Bernie Sanders type philosophy on the country's direction.

Blame all you want since that makes you feel better (being a victim validation), but until the generation in power (whoever that is), does something about the monster that was created in DC, we're screwed.

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This is how you know you’ve lost the argument.

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I havent lost anything
You clearly dont understand money or home equity

I assume you are a 20% down type of tard so if you bought a 200k home and sold it for 300k you got back 140k

You could put 20% down on 300k and have 80k liquid
Your new payment would be 1500 vs 800
Until rates drop and then the payment would be 1200

So a 1200 payment and 80k in the bank isnt something you can handle?

How broke are you?

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North Charleston?

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Hell no!

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So by your account, a 30y/o Millennial could have purchased a $200K home, and 4-yrs later, could now be sitting on a $100K profit.

Yet, that historically rare opportunity is somehow terrible?

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Right. The same people b*tvhing thst house prices are appreciating, while sitting ont he sidelines are just watching an opportunity pass by. Not only can you buy an appreciation g asset, you can do it with other people’s money. Try that in the stock market.