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re: Major social unrest is coming

Posted on 4/26/22 at 11:54 am to
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 4/26/22 at 11:54 am to
quote:

These politicians are a cancer to society.



The politicians are just a symptom.

The root sickness is much deeper and lies with the citizens.
Posted by CouldCareLess
Member since Feb 2019
3168 posts
Posted on 4/26/22 at 11:54 am to
And now Joe wants to absolve all student loan debts too. Here's my take on that bull shite. I paid for my schooling in full once already - and now these dipshit blue hairs with their useless Russian literature degrees from Stanford and Dartmouth want me to pay off theirs too by way of my tax dollars. F that.
Posted by m2pro
Member since Nov 2008
29893 posts
Posted on 4/26/22 at 11:55 am to
quote:

No young person starting out in a professional career can afford a $400K home without serious help from their family.



400k is a hell of a house. Maybe bump it down a bit? I feel like most people that are married could comfortably afford a 150-200k house if they can get financed for it, with proper budgeting. Of course, not to disregard your subject. I do agree we have a lot of economic woes.

Don't go to college and assume that debt unless you KNOW your field pays off. That also is a critical role for younger people.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 11:55 am to
You can’t always get what you want. But if you try sometimes, you just might find you get what you need.
Posted by ELVIS U
Member since Feb 2007
11814 posts
Posted on 4/26/22 at 11:58 am to
The artificially low interest rates have bolstered the housing boom. When interest rates rise, fewer and fewer will be able to enter the market and the bubble should burst. I don't know if that will equal social unrest.
Posted by Miketheseventh
Member since Dec 2017
7035 posts
Posted on 4/26/22 at 12:00 pm to
quote:

For all the sh!t we give younger folks, I do feel for them

If they want to succeed they need to lower their standard of living. I bet they still buy $7.00 cups of coffee from Star bucks and order food to eat almost every night. If they want to succeed they need to give up some luxuries like we all did when we were starting out
Posted by AMS
Member since Apr 2016
6537 posts
Posted on 4/26/22 at 12:00 pm to
quote:



You expected to live at least as well as your parents.
Why should younger folks not expect the same?



at least thats a tacit acknowledgement that younger generations have a larger barrier and things are different now than they were.

we should be asking why should they have gotten benefit from the gov artifically propping up their ability to enter the market which is now harming the younger generation. there would be more supply of houses on the market and lower costs if they weren't so entitled to homeownership at more reasonable prices.

quote:

Why do Millennials think they should be able to get exactly what someone else got decades prior?


smh older generations were so entitled, why should millennials be able to get what they were able to?
Posted by GnashRebel
Member since May 2015
8933 posts
Posted on 4/26/22 at 12:02 pm to
As a Nashville native I feel bad for locals trying to purchase homes but not all of the transplants. They are the ones driving up the prices
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:02 pm to
The workday commute from Columbia to Nashville is probably 2 hours each way in normal traffic.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
37455 posts
Posted on 4/26/22 at 12:06 pm to
What happens when the new construction in the suburbs starts to exceed 250K for most of the starter homes? 10% down in 25K
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:08 pm to
I searched for a generic architecture firm in Nashville. Hastings architecture. 225 Polk ave in downtown Nashville. 50 to 70 min arriving at 8 in the morning. 55-80min leaving at 5pm.

Or sacrifice and go in or leave earlier or later and save time.


But all I hear are excuses.
This post was edited on 4/26/22 at 12:09 pm
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
7308 posts
Posted on 4/26/22 at 12:08 pm to
quote:

Back in 2017, that was definitely out our price range, today, the interest rates are even higher than they were back then.


That is the problem most people have and what lead to the 2008 crash. People buying houses above their price range.
Posted by JasonMason
Memphis
Member since Jun 2009
4931 posts
Posted on 4/26/22 at 12:12 pm to
quote:

Boo fricking hoo. Times change. Improvise, adapt, overcome. Or, in Millennialspeak - Avocado toast, soy latte, wah Boomer.


It seems you get your picture of a the prototypical millennial from cable news. When you say things like this, it let's me know you aren't a serious person.

Posted by winkchance
St. George, LA
Member since Jul 2016
6647 posts
Posted on 4/26/22 at 12:15 pm to
Not sure I buy this argument. Nashville is about 2 decades behind the northeast and I know plenty of people owning homes up there and did so back 20 years ago. A good friend paid $75 for an 1800 sq ft house on a 1/5 of an acre 12 miles outside of Boston. in 2009. He was making under 70k
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:15 pm to
quote:

Your parents likely didn’t start in the house they live in today


They did.

My father worked in a steel mill and my mother worked in a grocery store. They were able to afford a new, very nice 2000ish sf ranch home with a 1100sf detached garage in a very good neighborhood/school zone.

My father passed away and my mother still lives in this home.

A couple with equally blue collar jobs today could NEVER afford that home.
This post was edited on 4/26/22 at 12:26 pm
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:18 pm to
quote:

My father worked in a steel mill and my mother worked in a grocery store.


In smack dab downtown of the most booming city in America, right?
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:19 pm to
quote:

A couple with equally blue collar jobs today could NEVER afford that home.


You should see the houses plant baws live in along the River between New Orleans and br.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/26/22 at 12:19 pm to
quote:

If they want to succeed they need to lower their standard of living


You are a complete fool if you think the standard of living for a 27yo in 2022 isn’t already substantially lower than the standard of living in for a 27yo in 2002, 1992, 1982, 1972, etc…
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
11087 posts
Posted on 4/26/22 at 12:20 pm to
quote:

several younger architects under her supervision. They’re all making around $55K,


Yikes, should have just been teachers.
Posted by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 4/26/22 at 12:23 pm to
quote:

You are a complete fool if you think the standard of living for a 27yo in 2022 isn’t already substantially lower than the standard of living in for a 27yo in 2002, 1992, 1982, 1972, etc…


I don’t want to know your parents hometown but I call bs that you couldn’t find a nearby house and two blue collar jobs in that area.
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