4 ms·

I’m a very well off millennial. My fiancé and I both have high paying tech jobs. We easily make the income of multiple families. That being said we are straine

by tyleo 4y ago

I’m a very well off millennial. My fiancé and I both have high paying tech jobs. We easily make the income of multiple families. That being said we are strained to buy a 3-bedroom house like that of my single Mother who only has a high school education to her name. Given our success, we don’t have the “burn it all down” mentality but I fear it building in many of my friends and totally understand the sentiment of this being a #1 problem for younger generations.

usrn 4y ago
At least you have a partner. If you're on your own you're absolutely fucked. Not only are you alone but everyone else is out to get you. When we have the crunch in the near future I could see me and my peers torching things. I don't even worry about this anymore; I look forward to it.
- danuker 4y ago
  House prices more than doubled since 1965, yet incomes barely increased. https://wtfhappenedin1971home.files.wordpress.com/2021/12/unknown.jpg https://wtfhappenedin1971home.files.wordpress.com/2021/12/un...
  - bombcar 4y ago
    I wonder when dual-income households became the standard.
- ssully 4y ago
  Based on your other posts, I don't think you would sound much different if you had a partner. You clearly have a lot of anger and I encourage you to find someone to talk to. I mainly mean a therapist, but if that isn't an option than a close friend. Those feelings will eat you alive.
  - iosystem 4y ago
    Majority of millennials on social media sites like reddit share the same thoughts as that person. To be more specific everyone that isn't making six figures in a career like tech. I have anxiety about the resentment of my peers and I think the riots we've seen in the US non-related to the housing crisis have been bad but likely nothing compared to what's to come. The elephant in the room is that therapy isn't going to cut it and especially when almost all of young adults entering into the timeline of entry-homeownership years realize it's impossible while having flashbacks of how much easier it was for their parents while comparing homes on the market to what they lived in during childhood years. I think the older generation is naive to think that everyone is just going to adapt to apartment living without extreme resentment and torching things down. Even my tech colleague millennials are trying to prepare for what their peers are likely to do.
dymk 4y ago
Depends on where you want to buy. SF? Probably not going to happen. Almost anywhere else? Houses are plenty affordable.
- twox2 4y ago
  100% also, why do you need to buy a house in the first place?
  - doubled112 4y ago
    Because my mother taught me that 100% of my value as a person is being a home owner because that's the only thing that matters. Not even a condo will do. /s but only sort of
    - usrn 4y ago
      Mine literally told me every day you shouldn't have kids unless you own a house.
- deathanatos 4y ago
  I'm not in SF. The last listing I looked at was 800 sq ft, run down, literally "as-is" property: $500k valuation from Zillow (it's listed for less … but not by much). That's about $2500/mo, in mortgage alone. Decent properties, in suburban areas, at ~$1M. Ir rural areas, yeah, they're cheaper … and salary would get "adjusted" the moment I try that.
  - bsagdiyev 4y ago
    Jesus where do you live? I moved from San Diego to Raleigh, didn't get a pay adjustment and even that place wouldn't be anywhere near that cost here.
    - corrral 4y ago
      I'm looking at moving to a significantly nicer [edit: than where I am now, that is], coastal region with excellent schools and within occasional-but-not-daily commute distance of two top-tier US cities, including by rail (some of you may be be able to guess the area, at this point), and the housing prices (4-bedroom with some land, even) are surprisingly affordable. Nothing like that, certainly. Houses within daily commute range of one (but not both) of those cities can be had for way under that, too, some miles away from where I'm looking, especially if you'll accept good-but-not-excellent schools. I guess if you're somewhere insanely expensive and won't go somewhere that's not, then... you're gonna pay a lot for housing. Go figure. "Here's the 97% of the country that's not like that, just throw a dart at a US map and you'll probably hit a place with much cheaper housing"—"No, I won't, because reasons"—"Uh, OK then, kinda sounds like a choice, good luck"

by tyleo 4y ago

usrn 4y ago

At least you have a partner. If you're on your own you're absolutely fucked. Not only are you alone but everyone else is out to get you. When we have the crunch in the near future I could see me and my peers torching things. I don't even worry about this anymore; I look forward to it.

danuker 4y ago
House prices more than doubled since 1965, yet incomes barely increased. https://wtfhappenedin1971home.files.wordpress.com/2021/12/unknown.jpg https://wtfhappenedin1971home.files.wordpress.com/2021/12/un...
- bombcar 4y ago
  I wonder when dual-income households became the standard.
ssully 4y ago
Based on your other posts, I don't think you would sound much different if you had a partner. You clearly have a lot of anger and I encourage you to find someone to talk to. I mainly mean a therapist, but if that isn't an option than a close friend. Those feelings will eat you alive.
- iosystem 4y ago
  Majority of millennials on social media sites like reddit share the same thoughts as that person. To be more specific everyone that isn't making six figures in a career like tech. I have anxiety about the resentment of my peers and I think the riots we've seen in the US non-related to the housing crisis have been bad but likely nothing compared to what's to come. The elephant in the room is that therapy isn't going to cut it and especially when almost all of young adults entering into the timeline of entry-homeownership years realize it's impossible while having flashbacks of how much easier it was for their parents while comparing homes on the market to what they lived in during childhood years. I think the older generation is naive to think that everyone is just going to adapt to apartment living without extreme resentment and torching things down. Even my tech colleague millennials are trying to prepare for what their peers are likely to do.

dymk 4y ago

Depends on where you want to buy. SF? Probably not going to happen. Almost anywhere else? Houses are plenty affordable.

twox2 4y ago
100% also, why do you need to buy a house in the first place?
- doubled112 4y ago
  Because my mother taught me that 100% of my value as a person is being a home owner because that's the only thing that matters. Not even a condo will do. /s but only sort of
  - usrn 4y ago
    Mine literally told me every day you shouldn't have kids unless you own a house.
deathanatos 4y ago
I'm not in SF. The last listing I looked at was 800 sq ft, run down, literally "as-is" property: $500k valuation from Zillow (it's listed for less … but not by much). That's about $2500/mo, in mortgage alone. Decent properties, in suburban areas, at ~$1M. Ir rural areas, yeah, they're cheaper … and salary would get "adjusted" the moment I try that.
- bsagdiyev 4y ago
  Jesus where do you live? I moved from San Diego to Raleigh, didn't get a pay adjustment and even that place wouldn't be anywhere near that cost here.
  - corrral 4y ago
    I'm looking at moving to a significantly nicer [edit: than where I am now, that is], coastal region with excellent schools and within occasional-but-not-daily commute distance of two top-tier US cities, including by rail (some of you may be be able to guess the area, at this point), and the housing prices (4-bedroom with some land, even) are surprisingly affordable. Nothing like that, certainly. Houses within daily commute range of one (but not both) of those cities can be had for way under that, too, some miles away from where I'm looking, especially if you'll accept good-but-not-excellent schools. I guess if you're somewhere insanely expensive and won't go somewhere that's not, then... you're gonna pay a lot for housing. Go figure. "Here's the 97% of the country that's not like that, just throw a dart at a US map and you'll probably hit a place with much cheaper housing"—"No, I won't, because reasons"—"Uh, OK then, kinda sounds like a choice, good luck"