re: What do you think is causing the housing slump?

On a macro level, home prices have risen faster than incomes. Yes, there will always been people who make tons of money and live in affordable areas, but that's the exception and not the rule. No amount of relocating can completely change the trends.

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I still have to rent because I am paying off student loan debt to go along with car payments and the cost of raising a child. I work in the hospitality industry and average 60+ hours a week. I have to prioritize where I spend my money and how I save.

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So, no different than any generation before you.

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I think it’s a little silly to generalize an entire generation as man bun wearing weak minded socialites that only want to live in cities for the experience

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In your first response did you not generalize them all as victims of a poor economy with a weak recovery? I know plenty millenials and almost all are doing fine.

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Because millennials think their first home should be as good or better than the home they grew up


Y’all motherfrickers sure do like to generalize about an entire age group.

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Well I'm technically a millennial and my first home is definitely nicer than my parents first home that I first lived in, actually it's even nicer than the second home that I spent most of my younger years in. The difference is that I was much older when I bought my first and could buy a nicer home. There are some days I wish I'd bought something different. That has more to do with the learning curve of a first time home buyer though. I never planned on staying in this home forever, maybe 5-7 years, and at least we're building equity now in a beautiful place to raise children.

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Some of you people really need to step outside your bubble. Get fricking real a-hole. It has been a lot harder for my generation to get a solid foundation economically than any other. The first time in this country’s history your kids won’t live as prosperous or more than you. Now who’s fault is that?

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You are going to get a shite ton of downvotes but you're absolutely right.

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You are going to get a shite ton of downvotes but you're absolutely right.

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Most millenials were not of home-buying age when the housing market plummeted in 2008. So there's a lot of irony in getting financial advice from prior generations who managed to frick things up so badly despite living through some of the most prosperous times in history.

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They'd rather spend their money somewhere closer to Bright Lights and other bearded, man bun people. It's the "experience" that counts now.

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Well, considering the "experience" they're trying to avoid is a long soul-crushing commute and spending half of every other saturday cutting grass, I get that desire. If you're not married, there's no reason to have more than a 2BR apartment other than (I want a backyard for my dog to run around in). That's about it.

So many millennials grew up in suburbs and want something different out of life, something they didn't have. When you're single, dating prospects are FAR better in the cities because that's where the single women are. Job prospects are better in the cities because that's where the entry level jobs are.

Now, when millennials do get married and have kids, they do tend to move out to find homes in the suburbs and send their kids to good public schools. The only way they differ from previous generations in that regard is that due to career prospects, longer educational careers, or student loan debt, they're waiting a few years longer, on average, to get married, have kids, and start their suburban-dwelling phase in their lives.

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Well, considering the "experience" they're trying to avoid is a long soul-crushing commute and spending half of every other saturday cutting grass, I get that desire. If you're not married, there's no reason to have more than a 2BR apartment other than (I want a backyard for my dog to run around in). That's about it.

So many millennials grew up in suburbs and want something different out of life, something they didn't have. When your single, dating prospects are FAR better in the cities because that's where the single women are. Job prospects are better in the cities because that's where the entry level jobs are.

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Now THESE are all completely legit reasons and, I suspect that they are MUCH larger drivers than the whole, "cause you old people fricked us" arguments.

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Cue the old timer bitching about millennials thinking they have it bad but also complaining about how bad they had it in the 70s. Ironic isn’t it?

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Actually, 70s was a crack before my homeowner time. I graduated in 85. So, nice try.

Stop being lazy in your argument. The late 70s was definitively a worse economy.........BY FAR.........than anything you've lived through. It's not even really close.

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So is my first response false? Is it not fact that millennials inherited an abysmal economy?

If the weak US economic recovery hindered prosperity for those entering the workforce at the time of the economic collapse would those people not be considered victims of a poor economy and recovery?

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The economy effected everyone, not just millennials. In fact, your generation was probably the least impacted in the long run as you have more time to recover from it compared to those in their late 40s, 50s and 60s when it happened. It also provided for cheaper homes with historically low interest rates for young people looking to buy their first home.

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I understand my generation is softer than others.

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I don't know about that. Each generation has its candy asses, yours just broadcast themselves to everyone.

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Stop being lazy in your argument. The late 70s was definitively a worse economy.........BY FAR

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I don't know that much about the 1970s. Job prospects may have been worse, but was the cost of living really as high? And for those who were able to attend college, did they graduate with debt that would take 10 years to pay off?