It’s not just Gen Z…
Yeah, as an elder millennial, I’ve never been able to afford to live alone. This is by no means a new problem, but it’s definitely getting worse.
I worked with a old woman in her 60s with a roommate in 2015. Her salary doesn’t provide for her living alone.
For me, my rent doubled. So Im betting she’s now with 1-3 more roommates since then.
Just got engaged to my long term partner. We live with 2 other people and, with the way things are going, we will be married and still sharing accommodation because 2 full time jobs aren’t enough to cover rent AND food.
My bootstraps can’t be pulled any higher. I work 6 days a week and spend my Sunday working on my web design business to try make ends meet. Thank god I’m paying my landlords mortgage. I can’t imagine how they’re coping at the moment…
Its a clown world.
Depending on what your full time jobs are, have you looked at smaller cities? Sometimes housing is so much cheaper that it’s worth it even if your salary is lower…
Moving from the city I was in to where I’m at now I’ve lost nothing as far as services are concerned and the same house sells for half the price and has a bigger lot…
Moving out of home when mum dies, because that inheretance is probably the only way I’ll ever buy a house
fucking sad
Millennials: Uhm, we’ve been living that dream for over twenty years now.
I’m over 40 (one of the ancient Millennials) and literally I have only been able to live alone for exactly four years out of the twenty-three years since I moved out of my parents. I currently live with a partner, because, you guessed it, it’s about the only way we can afford things now.
20 years ago, I could rent a 1 bedroom small apartment for under $1k. Now you’re lucky to find the same for $2.5k. Pay has not more than doubled. They definitely have it worse than us.
In a city of 200k I can rent a two bedroom apartment for about 1.2k and have access to everything I might possibly need (including a job) except an Ikea…
Edit: funny how people get insulted when they’re told wanting to live in major city centers might be the issue… Nothing new about living in New York being more expensive than Albany.
“Well it worked for me so if you can’t do it then you’re just not trying hard enough!” Don’t be intentionally obtuse. There are jobs in major cities.
People also have other shit in their lives you know nothing about. You have no idea what every single person does for a living. Maybe they work for the government and need to be near a military base, or the state capital happens to be a major metro area. Maybe they live near their elderly parents they take care of. Maybe they have family nearby who can watch their kids while they go to work and if they moved they’d have to start paying a ton in childcare. Maybe there’s a cheap private school there and they don’t want to have to switch their kid to public school. Maybe they have a chronic health condition or disability and need to live near the best doctors. Maybe one person went back to college and the classes they need are on campus. Especially if it’s a higher degree where they can’t just go to any community college in buttfuck nowhere. Maybe they had to move there for a postdoc fellowship. But why am I telling you when you already have all the answers.
Nothing new about living in New York being more expensive than Albany.
I met someone who moved to Albany to get an advanced degree and they hated it. They alluded to the fact that they were broke and living with a group of people. Unless you’re suggesting living out in the woods, in which case, sure. You’re right. I’ve heard there’s some great career opportunities out in the catskills.
We have no idea what other people’s lives are like and none of us should assume we do. Especially when you’re going to be a dick about it.
Man, if we were to listen to you the majority of people are living edge case scenarios which makes it impossible for them to find a way to improve a situation they hate!
I met someone who moved to Albany to get an advanced degree and they hated it. They alluded to the fact that they were broke and living with a group of people.And I’m sure they would have hated New York and would have had to live with an even bigger group of people! It’s also completely ridiculous to complain about having to live with others while you’re in school and can’t work a job full time.
The only dick I see here is you, I merely suggested that it’s possible to live in places where you have access to everything THE MAJORITY OF PEOPLE needs and to still have inexpensive housing. Not everyone needs to live in cities of a million or more but a lot of people will never consider moving out of them because they never do the math to realise that they might be better off doing it even if it means sacrificing some other things.
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Yeah let’s not pretend it isn’t so much worse now though.
Oh absolutely, didn’t mean for that to be a takeaway. These kids have got it way worse than we do, they were fucked right out of the gate even harder than we did. Just had my Gen X “they forgot about us” moment.
They’ll never forget about us. Someone has to be responsible for things going out of business.
I lived alone for exactly one year before the apartment raised the rent by over %13. I had never been late or missed a payment. Luckily, my fiance, now wife, offered me to move in with her. But I would have had to move soon either way back then because I was being priced out quickly.
I’m over 40 (one of the ancient Millennials)
I think you might be very very late Gen X, TBH.
I think 79 is supposed to be the last year for gen X.
Yea 1980 is the cut off. And I was born in 81 and while I understand the gen x around me, my values align with working class millennials and gen z.
I’ve met so many narcissistic gen x that I’m default sus of anyone older than me. Some of the best people I’ve ever known are gen x. But unfortunately many many more of the worst are too.
Don’t misunderstand, I let everyone introduce themselves to me through their own words and actionn. My priors might register but that shits stays in the cupboard, its not even on the back burner. Knowledge of stereotypes, or behaviours associating shit I don’t like does not equal those things, and everyone comes blank slate.
It occurs to me now that that’s prob a remnant of being raised on the meritocracy mythos. And meritocracy IS a myth, that shit isnt real in the slightest. You can’t point at anything in your field of vision and say there, that’s merit. It’s an illusion, but one that feeds to our innate, internal sense of justice. And if you want to dive into an esoteric rabbit hole, Justice is a much more rewarding one.
Rawls for the win.
81 gang.
This all reads like a middle aged man making excuses for not trying.
Lolololols. K bud. I think that’s a a big leap you’re taking but you do you.
You can take whatever you want from that, I’m not here to change yr mind.
It’s sometimes 79, sometimes 80, but I just barely scraped by on the other side.
I think 79 is supposed to be the last year for gen X.
Definitive cutoffs for generations is stupid anyway. It depends way more on socioeconomic class and region than a single year. A millenial born in 81 has way more in common with an Xer from 80 than a millenial from 96.
No to derail anything, but the cusp of X and Millenials (77-83) is commonly referred to as a micro-generation in itself (Xennials).
Oh yeah, no question.
I’m also 40. Too bad you never figured out how to make decent money in 23 years.
Well, that was a bit elitist.
If that’s what you want to call a guy who learned a difficult trade as a straight apprentice instead of dicking around.
Why are you so bitter, old man?
Let me translate for them:
I got mine, and I’m mad everyone isn’t clapping for me
Nah, more sick of this whiny narrative from people gave up, that’s become so pervasive, people seem to use it to make themselves feel better about either never really trying, staying in a bad situation, or doing drugs till they’re 36 and then wondering why they don’t have nothing.
Gonna blow your mind here. Both can be true! People can make it work with some effort and (even you) a ton of luck, but that doesn’t also mean there’s not A HUGE issue. I guarantee you every single person who is struggling day-to-day, and doesn’t have some kind of reality-altering mental illness, wants to improve themselves. Most people either don’t know how, or have tried and tried and tried and just not been fortunate to find their break. Instead of being met with “ah, man, that’s rough bud. Let’s see if we can figure out some resources to help” though, it’s “get a job, don’t do drugs, pull yourself up with those bootstraps you bought (no handouts here!) And fuckin grind til you get it you worthless maggot!” One of those approaches will actually lead to people doing better for themselves, and it’s not the one you chose.
I’m 39 and I do drugs a lot and I pretty much guarantee I’m more successful than you, given what you’ve said.
Maybe let’s leave the drugs out of this discussion
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C’mon man, that’s a little harsh, don’t ya think? I get that you don’t owe him anything but for real, not everyone’s calling is equally rewarding financially, and you know this, and you know how fucked up it is.
Teachers deserve a wage that allows them to save and vacation every year.
In fact, we all do.
Fast food burger flippers do too. Society could afford it before, that we aren’t doing it now is the result of policy decisions, not some invisible market moral correction voodoo. Workers at Dicks Burgers in Seattle make $21/hr + bene’s and Dicks food is 1000x better than any fast food chain, and cheaper too. The money’s there, it’s just not being spread around.
Good for you achieving your own security, honestly, I mean that. But the scales being balanced is something we all need to work towards. Youre still working class, and right now the games still rigged to make sure you die broke. If we can’t collectively work together to make sure the economy works for us all (cuz what’s the point of a society then? It’s just a fancy meat grinder otherwise), that paramedics make more than minimum wage. I’d like to live in a world where words matter. Where “essential” workers weren’t just sacrificed on the alter of capitalism bc the beaurocratic class got furloughed and are actually treated essential.
Otherwise it’s just a matter of time until another round of Reaganomics or fascists usurp power and either way your union gets busted. Ask the control tower what it’s like when the government doesn’t give a shit about the law, or precident. The law only matters if it’s enforced.
I sure hope you vote for higher local taxes every election. Local elections really matter!
Vote for zoning reform too!
Too bad you managed to make it to 40 without developing any sense of perspective
Or maybe I did.
Thanks for feeding into the consumerist “all that matters is the money you make and the things you can buy” attitude that’s doing so well for us all right now! We really need it!
Making a priority in ,ife of not being a renter forever, isn’t consumerism, it’s the ooposite. Renting is peak consumerism.
Making a priority in life to earn more so that you can buy buy buy is pretty peak consumer. Your post made a pretty hefty value judgement at the person above (you didn’t make enough money, so why do you deserve…). Peak consumerism is you have to earn so you can buy. The opposite of consumerism is recognizing that we’re more than our bank accounts, and that people need shelter in order to survive, so let’s make it accessible to everyone.
It is. You just gotta quit expecting to buy in LA, Vancouver, NY without a serious money making plan or go where an average dude can afford. Or just sit around and whine, see how far that gets you.
It’s funny that calling out very real problems is “whining” to some people. There’s absolutely some issues going on with housing prices and wages right now, but Mr(s) GotTheirs refuses to see it. You can be proactive and make progress in your own life while also acknowledging that the game is pretty rigged right now, and having a bit of humility that the GotTheirses at least partially got theirs through some luck.
Also, way to make some baseless assumptions about where I, or anyone, is trying to buy.
Blah blah blah. Its always excuses.
Are we pretending that millennials are affording apartments alone? Cause I know very few doing that. Moving back in with your parents, though, that shit’s common.
I was gonna say, most of Gen X has had roommates since we graduated college.
The headlines just keep repeating. Insert newest generation and print
It’s getting measurably worse at a fairly predictable clip - boomers had it easy, x/y less so, it’s dark for milennials, and impossible for zoomers/alpha.
The guardrails were removed and wheels set in motion by the boomers so they could more effectively ransack the economy - everything since then has been a consolidation of wealth and power at the direct expense of workers.
It is actually worse each time, though. In previous times, it was “oh lordy, prices are going up, shucky darn, guess I will only have 2 pieces of avocado toast each day from now on”. Now people just can’t even get by.
I’m in the Midwest. Most millennials I know are living on their own or with their partner. However, the younger millennials and gen Z I know? Very few I know aren’t living with parents.
I’m an older millennial and my brother is younger. Our parents are old enough we each have a parent living with us.
I’m in Seattle, most of my friends have roommates or moved back in with their parents (which I did in 2020 when I lost my last job). I am making slightly more than my last job now with a second degree but after inflation I’m making quite a bit less and rent has gone up significantly since then. So I still can’t afford my own place.
Older Millenials are more like younger Gen X, while younger Millenials are more like older Gen Z.
Landlords dream of a future where they can charge so much for rent that you need 3 generations of people crammed into a tiny apartment to make payments.
Which would be exactly why the rest of us dream of a future where they don’t exist
This feels like a rerun
History doesn’t repeat, but it rhymes.
Time polish up that guillotine.
Black Rock l, vanguard and others are turning the American Dream into a subscription model
Isn’t that called a slum lord?
Used to be. It’s moving towards just being a landlord though.
It’s called one of the sexiest human beings alive and they would have most people you or I would be interested in at their beck and call.
We breed for greed.
Just a reminder.
In 1960, minimum wage was $1.00/hour and the average home was $11,000.
So, national minimum wage is $7 something, so homes should be about $77k, right?
Quick history of inflation in America. President Eisenhower started the US/Vietnam War, and JFK kept it going. Ike and Kennedy both wanted to keep it small, but LBJ made a major commitment of troops and air power to deliver a knockout punch. That turned into a quagmire where the US couldn’t pull out without looking like losers. President Johnson [LBJ] started printing money to pay for the War, rather than raise taxes. Nixon was elected as a peace candidate. Nixon’s Vietnam policy alone is worth several books, but we’ll just talk about the US dollar.
Nixon doubled down on Johnson’s bombing policy; the US factories were working 24/7 to make more weapons. Great, except the money was all paper. When the Arab Oil boycott hit the price of everything went through the roof. Suddenly stay at home moms were forced to get jobs to keep the family fed. In 1968 ‘middle class’ was one job to support a family, by 1980, two income families were becoming the norm.
Then came Reagan. Big tax cuts for the rich were supposed to make everything golden again. In 1980, $1 million was considered a vast fortune; by 1992 it was what a really rich guy paid for a party.
None of the timeline matches up with increases in inflation.
https://media.nationalpriorities.org/uploads/military_spending_since_1940_fy_2024_large.png
https://www.whitehouse.gov/wp-content/uploads/2021/07/Fig-1.jpg
Direct spending on Vietnam starts to ramp up in the mid-60s and draws down in the mid-70s. Inflation, however, goes through a major shock in the early 70s and another one in the early 80s. None of this seems to match any kind of cause and effect we would expect. Further, the real cost of Vietnam was born decades later, as those veterans draw on benefits such as the VA hospital system. (Which, BTW, is expected to start happening about now with the veterans of Afghanistan and Iraq; healthcare costs are a veteran issue.)
And then we have another big increase in military spending during the Reagan years, but no particular increase in inflation is seen. Not even if there’s some argument that it’d be delayed by a decade. Not like it had been in the 70s, anyway.
Oil costs are the main reason for these shocks. “Printing money” is a naive libertarian approach to inflation which largely serves people who use money to make money (i.e., billionaires) as opposed to people who use their labor to make money. I was just lamenting earlier today how leftists around here have started to absorb libertarian narratives on inflation, and it’s not a good thing.
Dang.
The working class has been selling itself out ever since the end of world war 2.
Que the Iraq war part deux. Immediately followed by the Afghan invasion.
Paid for on credit card. Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
Don’t forget the giant expansion of the government under Bush² either, the TSA, DHS, Medicare expansion
The aughties fucked over the entire upcoming century. Obama swaging the wall street plutocrats after 2008 with, not just the bail outs, but with relaxing corporate control of rental property is looking really, REALLY short sighted about now
Trump repealing Obama’s DoddFrankLite is gonna come back and haunt us too, when wall street implodes in the inevitable 2008 repeat, because if you can trust a banker to do anything, it’s to suck as much blood out as possible and let the public pay for life support. It’s gonna happen again. Guaranteed.
Suddenly stay at home moms were forced to get jobs to keep the family fed. In 1968 ‘middle class’ was one job to support a family, by 1980, two income families were becoming the norm.
This was not because of inflation, but because women were beginning to be seen as fully human
Frankly between this and “but the money was paper” just makes you sound like some kind of neotraditionalist goldbug.
‘Were forced to work’
VS
‘Were permitted to work’
I’m not sure what went wrong with your brain to not be able to distinguish between these two. You’re responding to someone who said the first version. You clapped back with serious attitude about the second version.
They’re not the same though.
SCB is just a contrarian, block them and move on they aren’t worth your time.
Yes I am aware that this person used slanted and incorrect language. That’s sort of my entire point.
You’ll forgive me for not taking someone, who wants the gold standard and traditionalist housewives back, very seriously.
You funny. I never mentioned the gold standard or ‘traditional’ roles. If you’re going to put words in my mouth, I’d like them with an order of nachos and a fruit punch.
You can still buy one for that, as long as you don’t mind living in Flint and like the taste of lead.
I got one in a niceish area for that. All you have to do is buy a small foreclosure and then spend literal years renovating while you live somewhere else and run up a bunch of high interest credit card debt paying for those renovations. 🥲
Man you just dashed my only last real dream of home ownership with your reality. I was like yeah I’ll just find a fixer upper and make it work. I know better now. Thanks for the heads up.
That’s it? Sign me up.
I came in to say something similar. Don’t focus on the price of the rent. The problem is the salary. Rent to salary has been going up and someone is pocketing the difference.
The problem is both.
Edit:
Of course this isn’t universally applicable, but in my city there’s basically six large landlords that own and manage the types of large, multi-family apartment buildings where the majority of people live.
There’s no competition in housing and it shows in the pricing, which has been skyrocketing not coincidentally as the firms consolidate and then all “somehow” price align using the same software market rates.
That’s not how an inflationary economy works. Rent will always go up in yesterday’s money.
If the market was doing its job, salaries wouldn’t be much behind. So the ratio of rent:salary would be relatively stable.
So you’re saying solely blame employers for consistent rent increases that top 10% year over year in some markets?
Employers aren’t going to keep raising everyone’s salary 10% every year to compete with the amount of greed in housing markets. Small ones can’t afford to, and large ones will be punished brutally by their investors for doing so.
Two things can be true: salaries can have stagnated, and rents / housing prices can have skyrocketed as well.
It’s both. You’re getting robbed both ways. It’s not one or the other.
That’s $10.39/hr adjusted for inflation.
Imagine if the average home was $114,290 adjusted for inflation.
Houses were smaller back then and priced more appropriatly because they weren’t being bought up for renting and as financial safe-haven by financial entities. The majority of new homes are 2,500+sqft, average new homes in the post-war era were around 1,000sqft. In the 70s average homes were around 1,500sqft.
There are a lot of homes in the 1,000-1,200sqft range that are under $150k. In my area there are about 1k homes under $150k(2/3 under $120k), there are about 3k priced $150-350k.
You referenced the adjusted price and I am talking about $150k homes because the homes under $120k tend to be houses that need $30k in renovations/repairs because the previous owners stopped doing maintenance and haven’t updated in decades which leaves first-time buyers holding the bag.
Home prices aren’t even the problem, stagnated wages are the problem. The size of homes increasing doesn’t help and people demoing reasonably priced homes to build 2.5+sqft homes doesn’t help. If builders had incentive to build sane starter homes and wages were where they should be, the housing market would be in better shape for people trying to start a life and own property.
Home prices and minimum wage not linked and linking them would cause a spiral upward in home prices, as available spending money would go up but supply would not.
… you mean what’s already happening?
Are you serious?
This is not happening in any way the way it would if home prices were somehow tied to wages.
Do you really not understand that bad things can become worse things?
So stop talking about things, they could be worse?
More like “don’t offer suggestions that will make things demonstrably and predictably worse or someone might point out how much worse things will get”
Not all solutions are equally valid.
In our current situation, I can’t think of many ideas worse than “tie wages to home values” aside from maybe just burning down a fuckload of apartment buildings. It’s that bad of an idea.
'Adjusted for inflation ’ is kind of a joke. If inflation worked the way the adjustments would have you believe, the average home of today would be $120,000 apx. It’s about three times that.
Adjusted for inflation works to show people how much less they’re paying us every year.
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‘Abysmal?’ Because they didn’t have computers and air conditioning? Are you saying that improvements in technology are dependent on inflation?
If you think that they were terrible because they were smaller than the average house today, I suggest you look at the tiny houses and multiple room mate situations people are looking at today. In 1960, If you had three house mates you were probably in prison.
I’m a disabled millennial. I live in a dangerous old house with 5 roommates and I am still spending over half my money on rent.
Well there’s you’re problem! You’re disabled, so therefore unprofitable. It’s criminal that you have the ability to live while someone who could make profit for our corporate overlords might not. Shame on you for being a leech on society! (In case it wasn’t obvious, /S)
Disabled people are literally paid just to be alive.
Trying to paint reality as a hellish dystopia only works if you say true things.
Disabled people have to jump through years of hoops for those payments.
Further, the top payout is around $750 a month and they aren’t allowed to generate any kind of income outside of that or they will lose it.
This means they can only afford to live in subsidized housing which can take years of being on a waiting list to access.
We pay them far less than subsistence level and many of them end up on the street because of it through no fault of their own.
For five years I gave change to an old man who begged for change while he waited for his name to come up on the housing availability list. He lived out his car the entire time up to that.
We do not pay them to live. We pay them and go “hope you can figure it out” and kick them to the street.
If we subsidize their housing, we’re paying for their housing too.
We pay them to be alive, yes. You can argue we could pay them more, and id support that, but we very much pay them just to exist.
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Jesus Christ, who hurt you?!
No one? I don’t understand the question
I’m referring to your comment about disabled people. I can’t imagine being such a piece of shit that I can’t see the value of anyone beyond what money they can bring in through physical labor. What a way to view the world.
Well it’s a good thing I never implied anything of that sort.
You ok man?
Your comment “Disabled people are literally paid to be alive” heavily implies that you view disabled people as though they have no value at all, and are nothing but a drain on society. If I’ve misunderstood, please feel free to explain.
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the traditional way of life has been snuffed out by the forces of capitalism. there’s no point trying to live a normal life anymore, we have to forge a new path
Let me stop you for a second.
In North America single family houses became the norm after the second world war, that means you might still have living relatives who weren’t raised in what you think is the “traditional way of life”.
It’s more traditional for North Americans to live in multi generational housing or housing provided by their employer than it is to own their own house and expect to only be two living in it once their kids leave.
Everyone getting their own single family homeis unsustainable and 70% home ownership is an historical anomaly that pretty much only concerned WASPs. It’s the American dream, not the American tradition.
That’s very true. Although it’s also true that forcing people into cramped quarters with one another for long periods exacerbates interpersonal issues, and people need the ability to walk away from one another and decompress.
Whether that’s as simple as having their own room where they can close the door, or having a “third place” where they can go without needing to spend money to decompress and not have to be around others, you can’t just endlessly force people to live together, especially when it keeps leading to domestic violence outcomes.
I agree, for most of history humans lived in shared, community housing, and that’s not a bad thing, however I do think it’s bad to promote the idea that we all need to be crammed into incredibly tiny spaces with multiple people living with them.
It would be different if housing was equitable and we didn’t have billionaires using up massive amounts of housing literally for only themselves while the rest are stuck in tiny boxes that they can barely fit inside. Housing size needs to be an equitable issue, because housing size and cramped quarters is a mental and physical health issue.
Although it’s also true that forcing people into cramped quarters with one another for long periods exacerbates interpersonal issues,
I dislike this take. Before the Baby Boom, you lived with, moved around with, interacted with…well…everyone. Being familiar with others reduces stress, fear, xenophobia, etc. A lot of the problems we now face are due to people who have no empathy or concern for others and instead live within their own bubble.
Millions of LGBT youth abused by their birth families would wildly fucking disagree.
Before the baby boom? You mean segregated USA?? Wtf are you smoking?
I’m gay, but ok, tell me about my lived experiences or something. And you seem angry for some reason, so I’m gonna go ahead and disengage.
Way ahead of you.
The traditional way of life was multi-generational homes. If your goal is to live with as few people as possible, the traditional way of life is not for you. Why are you complaining about having the choice to live in homes with many, many fewer people than was traditionally required?
Lol, what? The American tradition has always, in the last century, been to move out as an adult and work your way up into a house and raise a family. On your own. What hell are you calling traditional? Farmer families from the 1800s?
*The American white and middle-class tradition.
Always, in the last century… those two statements contradict each other. Never mind that it wasn’t that common outside of the middle class, even during the height of American wages.
This is completely false and there is 0 data to back it up. There were 3 small blips of young people moving out regularly and otherwise the norm has been not to do that.
He’s probably from Europe where historically a wealthy family of multi generations all lived in one house. Because people wanted to be near their family (cringe)
If I heard “traditional lifestyle” out of context and I had to assume the rest, I’d be thinking about, yeah, living with your family unless married. Most of the people in the world live like this still.
Big “bUt ThErE aRe ChIlDrEn StArViNg In AfRiCa” energy. How dare someone complain when things could be worse, right? What an ungrateful dick for wanting better just because the previous generation had that, huh?
That’s the point.
Expect things to continue to get worse as long as most people believe the disparity in wealth should continue to grow.
It blows my mind just how many people support this through their rabid worship of billionaires. Not because they love the billionaires themselves, but that they think in some fevered future they too will be billionaires. Well, guess what? It’s never, ever, ever, ever going to happen and every day that passes the now-billionaires are tirelessly working to consolidate money and power to prevent proles from getting foothold. Stop being morons, and stop working against your own interests unless you’re a masochist then go nuts I guess. Leave the rest of us out of it
I saw a quote that I found 100% applicable and will never forget: “Europeans vote as if they will one day be homeless. Americans vote as if they will one day be billionaires.”
US really needs a reality check on which one is more likely.
We believe it’s more possible to claw yourself up to the top in this country purely on the basis of dated propaganda. More Americans believe the “American dream” is possible here because look at the name of it, when the reality is social mobility by every measurable metric is worse here than many other countries.
That’s hardly a new situation.
The only people I know that live alone do so in extremely tiny apartments in unpopular areas.
The only real way to buy is as a couple, and has been for decades.
Yeah no kidding – I moved out of my parents at 18 in 2006, and had a roommate all through univeristy and afterwards until getting married (and I couldn’t afford my current flat without my partner’s salary). Very few people I knew had a place to themselves, and if they did they were either scraping by, or they had help.
You’re literally talking about when you were 18. No shit.
Yeah, that’s been true for most Millennials.
Right? I had some kind of roommate every place I lived into my early 30s. And I’m GenX.
This is not a new situation, it’s rediscovering the wheel by this new generation. The boomers were probably the only generation that could graduate, grab a good Union factory job, and buy a small home in suburbia in their early 20s. Everyone else I know had a transitional period of working smaller jobs and sharing an apartment for a long time until they got a really good job or paired up and married.
In my father’s case, he worked part time pumping gas at Sears and had an apartment with three friends while still paying for all of college in cash. The early 1970s were the place to be, apparently.
lol can’t believe you got downvotes for this. people really do drink the koolaid.
We need a new deal, I mean a new new deal. Because this is getting ridiculous, I’m lying it was ridiculous 20 years ago, now it is just the reason why dystopian fiction is impossible to write, how can you top real life?
What kills me is when you go into the realestate subs and they talk about how they have to constantly increase every year because the cost of everything is going up.
Nah bruh, I’ve had my house for 4 years and nothing has increased at any noticeable level.
Yeah boy am I glad I pulled the trigger on a real estate purchase when I did. My costs (mainly HOA, and to a lesser extent taxes) have gone up very slightly in the last few years, but nowhere near the 30-40% increases I used to get smacked with renting over the same timeframe.
It’s like 1.5-2x as expensive as it was to rent in this (already expensive) area 3 years ago.
I’m determined to never rent again. Landlords are unbelievably greedy.
My father is in real estate and recently had a “talk” with me about how putting 15% into retirement won’t help me and that the only way to secure my future is through real estate. I didn’t have the reverse “talk” with him where I would have pointed out how he’s completely underestimating how much money it’s going to cost to change his diapers in a couple years and how that house will only offset the costs rather than repair them.
This isn’t new. I’m 43 so call me whatever you want, Gen X, Millenial, somewhere in between. I didn’t live on my own (meaning without roommates) until about 10 years ago. And even then, I bought a house with my wife. so still kinda roommates.
didn’t this happen a long time ago to an earlier generation
We need a new new deal
Completely off topic, but in the article they say some apartment complexes are offering “private liquor lockups.” Wtf?
Anecdotal, but when I was looking for my first apartment about ten years ago I toured a building that didn’t allow residents to keep alcohol. Unsure if it’s even legal (or enforced), but the landlord and property manager were a local pastor and his wife.
I see. religious scumbags. fuck them
I first read this as ‘religiois scumbrage’ as if you misspelt umbrage. Not only was I wrong once, but twice as well.
But goddamn, scumbrage feels like a word I can get behind.
Yes, that’s illegal. I would have been kegging in everyday the first week of my residency just to fuck with them.
I could possibly see it being a legal grey area in a dry county, but that’s just bonkers to me.
Dry countries are a weird concept to me already
Edit: I meant counties, but I’ll leave it.
No one bats an eye at this but if it was a Muslim family who prevented people from having pork in their homes people would be losing their minds
I bet that it had a free pedo-cell in the basement, thou.
Gen Z AND millenials
Would it surprise you to learn that the demographic most likely to be rendered homeless is Boomers because life got expensive around them? As best I can tell, they are also among the worst generations for having prepared for their retirement.
You’re not wrong, but at least they got a chance to prepare.
I asked my boomer mother why her generation wasn’t leading the revolt. I took the first job I remember her having when I was just a wee one, asked her that pay, extrapolated inflation on it and showed her that she’s making the same amount of money today as she was then. Inflation, as a tool to control the masses, has robbed her of every “pay raise” or advancement of her entire life.
Her story is not unique.
That doesn’t let them off the hook for the housing market tho, that shit, intentional or not, is literally just robbing their kids and grandkids futures for themselves.
I judge them based on their voting record.
Neither can Gen-X.
Gen X still had a chance
