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I think there is some truth to this for sure. But speaking from a here and now perspective it’s hard to not take this stance. My wife and I make a good bit more
by awat 8y ago
I think there is some truth to this for sure. But speaking from a here and now perspective it’s hard to not take this stance. My wife and I make a good bit more than the average income for our area and at 27 we aren’t going to be even close to affording the house I was born into. That house was bought by my parents at 23 with my father working part time.
- nostromo 8y agoPart of that is simply population growth. The creation of the automobile opened up a ton of land for new, cheap housing. That lasted for a few decades, but the land is now developed and the population is much larger and evermore urban, so the gold rush is over. There may be a chance to develop our way to cheaper housing, but you'll be getting less land and less space for more money.
- awat 8y agoAgreed, there are timeliness and environmental variables to living costs and land for sure. The fear here seems to be that being a doctor or lawyer to use the cliche won’t secure you housing and that landowner becomes a profession that trumps all in terms of income and social class. I don’t mean this to be disingenuous I realize thats always been true to a certain extent but the extent is important.
- rubicon33 8y agoYup, similar story here. My wife and I hold "great" jobs right now. Some of the best in the nation. Yet we can't afford anything close to what our parents could when they were 10 years younger than we are now. And it just pisses me off to no end when we see shit like this from the boomers: http://money.cnn.com/2017/05/15/news/millennials-home-buying-avocado-toast/index.html http://money.cnn.com/2017/05/15/news/millennials-home-buying... These people have no idea how lucky and easy they had it compared to what young people are dealing with now. The deck, is stacked.
- ethanwillis 8y agoIdk, I'm 26 and bought my house at 22. I also don't eat avocado toast, YMMV.