4 ms·

Maybe I'll be able to buy a house while I'm still in my 30s!

• chrisseaton 4y ago
  If people in tech aren't able to afford houses then who the hell is buying them?
  • diydsp 4y ago
    People inheriting from boomers, especially covid-dead, landlords, and newly-rich contractors.
    • chrisseaton 4y ago
      I guess at some point almost everyone inherits.
      • deleted 4y ago
        [deleted]
      • whimsicalism 4y ago
        Indeed, 60% of all wealth in the country is inherited. [0] [0]: https://www.washingtonpost.com/us-policy/2019/02/06/people-like-estate-tax-whole-lot-more-when-they-learn-how-wealth-is-distributed/ https://www.washingtonpost.com/us-policy/2019/02/06/people-l...
  • Fargoan 4y ago
    I don't work in tech. Dietary supplement manufacturing in North Dakota
  • svachalek 4y ago
    As someone who has been in FAANG quite a while, I can afford a house. But in Silicon Valley I can only look at 50-60 year old neighborhoods where the original owners were postal workers, grocery store managers, truck drivers. People that today couldn't qualify for a fraction of the necessary mortgage. This sure doesn't feel like economic progress.
    • whimsicalism 4y ago
      Agglomeration effects. Those postal workers could certainly afford homes elsewhere, but the economic value of having lots of tech workers together in the same place is higher than the marginal (in the economic sense!) postal worker living here.