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Housing market is pretty bad factor. Most generations previous could afford a starter house on two minimum wage or a bit above minimum wage incomes. In many are

Housing market is pretty bad factor. Most generations previous could afford a starter house on two minimum wage or a bit above minimum wage incomes. In many areas today you need two engineering incomes to pay off a 30 yr mortgage.

bkohlmann 9y ago
I'm not sure how many 13-17 year old teenagers were or are concerned with their ability to purchase a home.
- dorfsmay 9y ago
  More than you think. They are concerned about being independent, which means affording rent which leads them to think about buy vs rent.
  - djrogers 9y ago
    No, there are a near-zero number of 13-17 year olds worried about how they’re going to pay their rent when they graduate from college. Those that do generally see things through the optimism of youth and assume everything will work out.
  - abusoufiyan 9y ago
    lol if anything teenagers can afford rent anywhere because they have no kids, no spouses and are quite happy eating cheap microwaveable food. They also are the least likely age group to demand lots of cleanliness and personal space, which drive up rents in most places.
- rdiddly 9y ago
  It still affects them - what if their parents (or parent, single) can't afford to move them into a decent school district, for example?
  - cwar 9y ago
    The article says this is not limited to an economic class
    - rdiddly 9y ago
      The article says that about the effects of smartphones. We're talking about the effects of the housing market right here.
- flukus 9y ago
  I agree, but maybe we're projecting? We didn't have to think about it, it was a given that we'd move out and rent somewhere and eventually buy a home, only for the poorest in society would this be unattainable and much of the rest would be covered by social housing projects. Many people in their 30's and 40's are now finding out that this isn't the case and it's talked about a lot, so teenagers are more likely aware. There's also a better chance that they're coming from a family that has never owned a home.
wincy 9y ago
My wife moved away from Long Island because it’s definitely true there. All her friends that stayed are either just now getting married and buying a house and have finance or other professional jobs (at 31-32), or live with their parents. I feel like a broken record but in a place like Kansas City (where I live) you can easily get a mortgage on a house if you make $40,000 a year.

bkohlmann 9y ago

I'm not sure how many 13-17 year old teenagers were or are concerned with their ability to purchase a home.

dorfsmay 9y ago
More than you think. They are concerned about being independent, which means affording rent which leads them to think about buy vs rent.
- djrogers 9y ago
  No, there are a near-zero number of 13-17 year olds worried about how they’re going to pay their rent when they graduate from college. Those that do generally see things through the optimism of youth and assume everything will work out.
- abusoufiyan 9y ago
  lol if anything teenagers can afford rent anywhere because they have no kids, no spouses and are quite happy eating cheap microwaveable food. They also are the least likely age group to demand lots of cleanliness and personal space, which drive up rents in most places.
rdiddly 9y ago
It still affects them - what if their parents (or parent, single) can't afford to move them into a decent school district, for example?
- cwar 9y ago
  The article says this is not limited to an economic class
  - rdiddly 9y ago
    The article says that about the effects of smartphones. We're talking about the effects of the housing market right here.
flukus 9y ago
I agree, but maybe we're projecting? We didn't have to think about it, it was a given that we'd move out and rent somewhere and eventually buy a home, only for the poorest in society would this be unattainable and much of the rest would be covered by social housing projects. Many people in their 30's and 40's are now finding out that this isn't the case and it's talked about a lot, so teenagers are more likely aware. There's also a better chance that they're coming from a family that has never owned a home.

wincy 9y ago

My wife moved away from Long Island because it’s definitely true there. All her friends that stayed are either just now getting married and buying a house and have finance or other professional jobs (at 31-32), or live with their parents. I feel like a broken record but in a place like Kansas City (where I live) you can easily get a mortgage on a house if you make $40,000 a year.