Why Aren't Millennials Buying Houses?
No point, my fiance just dumped me.
We are, dummy, you're just poor.
it's all good bro i think my gf is cheating on me getting ready to break things off seeing some huge red flags
stay strong brother
Hey it’s all good bros we’ve learned something important this summer.
All women are whores. We use this time to better ourselves and to strengthen our resolve so no vagina will tempt our grace. Never fall for a woman just appreciate them and protect them.
I’m poor so I have to find a house in my range and then outbid like 5 other people. Thank you massive immigration
4x over 22 years is terrible
the stock market was better
Oh look, it's this thread again.
Tell me who would buy that shit hole for 800k usd.
>seattle
LOL
Nobody. But prices must always go up! according to the fed.
Both of these. What the fuck? Not only is that place a complete goddamn dumpster, but it's in the middle of fucking Seattle. What kind of retard would waste money on that?
Personally, it's just because most houses are ugly. Like, 80% of all homes in America. Most of the homes that are actually pleasing are also 500k+ which requires a significant downpayment to save for.
Boomers dabbing on Millennials.
The median income for memelennials is about 30k so you're actually the rich brat here.
I will once all the baby boomers die
>The median income for memelennials is about 30k
Seriously?
Aren't millennials the predominent generation in the current workforce now? GenX might still hold most of the "senior" positions, but with most millennials in their 30s I'd expect they're holding a ton of the professional positions.
Kek what a tiny living space
>Seattle
Of course its expensive dumbass
Boomers charging ridiculous prices for decomposing wooden/plastic shitboxes
It doesn't mean jack shit when millennials have hardly found any job that pays good
Because we're too busy living in Vans
because of theyre terrified of starting out on the bottom rung of the housing latter.
they are, poorfag user-kun
Lucky you
Bit of a difference between internet meme coins and an asset you can live in. Also a much safer place to park your money.
That looks comfy as fuck sign me up
Imagine being this retarded. No, Fauci is 80 and Joe Biden is 78. The number of elderly people in the workforce doubled from 2000 to 2010 and doubled again from 2010 to 2020, the "new" retirement age is 70 on average, not 60 like it was in the fucking 1990s.
This means the sheer size of the boomers keeps them heavily engaged in the workforce while gen x being physically replaced by immigrants (a generation which has nearly doubled in size purely because of immigration) means there is no room for anyone under 40.
The population of elderly people will continue to increase and credential inflation (10 years of being a boomer to do this job) means that Millennials are expected to waste their 20s and 30s at entry level and lesser shitwork with a lucky few getting bumped up.
The entire career structure of a population changes as life expectancy increases and stability decreases, if you live to 100 you'd better save enough money to live to 100.
Gen X is also ridiculously fucked and most of them didn't start real jobs until the 2000s, but a lot of them are unironic slacker retards who thought they could protest boomer capitalism by doing drugs and listening to aerosmith.
Fucking this. Most homes haven't been updated since they were built like 50 years ago, but I'm supposed to believe this is an appreciating asset. I can't wait till boomers flood the housing market.
Good idea, but it would stink in no time
>Old guard Boomer fossils do everything in their power to refuse to boost people up, and keep most of their businesses as Old Boy's clubs
>Millennials who got into student debt don't have the time to jump into an unpaid internship to gain the necessary work experience to get hired at a real place of business, because their student loan debts are retardedly expensive (1960's Law School annual tuition used to be ~$500)
>Millennials working McJobs to pay off student loan debts also need to pay for their rent/mortgage and utilities if they don't just live with their parents
>Getting promotions at these shit jobs is probably +$2/hr at the absolute most, along with significantly greater responsibilities
>Internships require open schedules, which are impossible with student loan debts needing to be paid off for years over years
>Real jobs with real income don't hire people unless they have years of relevant experience, which they cannot accrue while working McJobs to pay for their living situation
The only people who are getting by are either via nepotism, had parents who paid for their entire college ride, got a trade certificate and didn't waste their time getting a four-year degree, or just started a business from the ground up. The overwhelming majority of Millennials were raised with the "GO TO COLLEGE GET DEGREE GET REALLY HIGH PAYING JOB BE RICH" meme beaten into them since Kindergarten.