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> Hustling hard for years on end while being frugal is another option, but it is no guarantee of success. I know more than a handful of people who have done th
by irishcoffee 11y ago
> Hustling hard for years on end while being frugal is another option, but it is no guarantee of success.
I know more than a handful of people who have done this successfully, so I respectfully disagree.
I agree with the rest of your comment, just not the discounting hard work and being frugal part.
- toomuchtodo 11y agoForgive me, but your few anecdotes don't replace entire datasets showing how badly off Millennials are economically. It's not a matter of working hard; sometimes there just aren't enough jobs to go around, or existing demand for someone to start a business to satisfy that demand. I've known people who have saved for years, put down payments down, and then lost it all when their builder went bankrupt (and they had no recourse). Welcome back to square one.
- irishcoffee 11y agoForgive me, but entitlement is a fun idea, not reality. People wanting to start a business that isn't viable, bummer. Not enough jobs: I delivered papers, barbacked, worked a day job, figured it out. If they picked a bad builder, that sucks. Find your recourse. Be smart, be mature, figure it out. Entitlement is a problem, working hard is not.
- toomuchtodo 11y agoI'm sorry your opinion and reality are incompatible.
- snowwrestler 11y ago5 years after my dad (a Boomer) finished college, he faced unemployment and mortgage rates over 8%. 5 years after I (a Gen Xer) finished college, I faced unemployment and mortgage rates just under 6%. Today the unemployment rate is 5.5% and the mortgage interest rate is under 4%. While buying a first house is never an easy thing to do, there are plenty of indicators that it's not harder today than it was in the past.