Oh, bro. You came in like a smart ass and got tooled.
You’d know that…
…if you paid your dues.
You were bothered by my response to @Njord ,but I didn’t attack or disregard anything he said. You seemed to be very bothered by it.
Just because I have a different opinion doesn’t mean there needs to be a pointless cyber-argument.
. Oh well.
That is simply not true. The guy with a high school diploma working in a muffler shop wasn’t living very well.
What have you been doing then? Working your butt off to manage your family and put yourself through school?
Why would you do that if it doesn’t work?
Edit: ftr, this is highly commendable. I mean that sincerely.
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I really can’t believe this topic is still going on. It should be “Yes” or “No”.
Nah the right answer is Somalia
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Typical gen Z response.
With quantified/qualified following results ignored.
I didn’t say he was living well, I said he could buy a house. A normal house, in a normal economy, with a normal price tag.
I have 2 relatively modest houses. Both have gone up 40% in value in 3 years. Neither are affordable with a normal salary.
Most people can work their butt off and not make any meaningful progress. Through hard work, planning and luck, I have landed in the upper percentiles of incomes without a degree. Most people literally cannot do what I have done, and yes - hard work is still the backbone of what got me where I am.
It’s not like hard work doesn’t pay off, it’s that it doesn’t pay off well enough to justify doing anymore (for most). They did the whole “work hard, pay your dues” thing, went to school, worked extra hours, made good choices… and cannot afford a normal house. This literally leads to disenfranchisement.
Your dismissal of my point further proves my point though, which is not surprising. You dismissing it only further leads to disenfranchisement.
I get the impression your tune will change when your children work hard, go through college, get a reasonable job, and are still living at home with you (because houses are too expensive).
Thank you, sincerely.
edit: is>are
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The methodology in the logic of how we got there shows a very “soft” persona. One that would be scared of sex even. To be general.
Its weird to have two Gen Xer’s shitposting a Gen Zer’s shitpost, and having a millenial mediate between the two.
I need a boomer that knows what shitposting means so we can get some sage shitposting wisdom.
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This is why they should line themselves up for what they want. The McDonalds worker can dream about homes and Ferraris all day, but if he never leaves McDonalds’ fry line, he will never have either.
Ask the 80’s about interest rates. Then segment data out by zip codes and even neighborhoods.
Affordable starter homes can still be found today. The problem is that nobody wants them. They want to jump right in to the expensive real estate, and even feel like they deserve it without being able to pay for it.
Go buy the cheap box 20 minutes out of town and pay your dues, like they did in the 80’s. By the time the next generation is ready to buy, you’ll have the home in the built out, expensive area.
Housing markets fluctuate. I’m at about +100k over my purchase price from when I bought in 2010. And that was when I was 40. Worked hard, protected my credit, started a company, put myself through school, Then started house, family, etc.
What goes up will come back down.
Its not really a dismissal of your thoughts though, its more like, well, I can’t make anybody believe anything.
You’re taking the hard road, but it does lead to a better life.
Whether of not people think thats worth it it up to them.
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I don’t know where you found this chart but there were no starter homes for $90k in 2010, lol. Maaaybe $140k. Statistics are not always honest. More so than the chart itself, what data set are they pulling from?
Exactly
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The secret formula that banks use is that they will finance for up to 5x ones annual salary/earnings.
I went conservative. Very conservative. Cuz 5x is pushing the comfort limit to the hilt.
So if somebody ten years out of school making say, 100k can’t find suitable housing within 500k, what are you gonna do?
I know, west coast property, etc. But its for illustrative purposes.
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In 2010 I had pick of the litter at 60k. In western PA. No shit. Hundreds of houses to choose from just within the township I settled in.
140+ would have put you in some of the best neighborhoods in the region, and you’d be looking at a 500k gain over purchase price by now.
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And they say Texas is cheap, lol. $60k in Houston and you would’ve been ducking errant drive-by bullets, literally.
Which brings up the other side of the discussion. Texas has jobs and income. Gen Z doesn’t want to work unless it’s on their terms. Life doesn’t work that way, at least not until they’re influential enough to force hands. But, there are decades left in people willing to roll up sleeves and pay dues, so we circle back to mom’s couch and a bunch of complaining.
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Oh, its a whole different world around here.
1.5 mil and up puts you next door to Old industrialist money in places like Fox Chappel and Wexford.
It is catching up with everywhere else though.
My wife went to the county auction because there were houses in that area with bidding starting at like 5k.
It was right after the forclusure/crash of 08-09.
I would definitely snap those up and charge Gen z rent.