4 ms·
Out of my international circle of friends between twenty five and forty, only one outright owns their own house. And they have a high paying internal software d
by Tanoc 3y ago
Out of my international circle of friends between twenty five and forty, only one outright owns their own house. And they have a high paying internal software development job for a big European company. The rest of us either split rent or live with family. Those of us in said circle living in the U.S. will likely never own houses because of what ChrismarshallNY below stated: The few places that aren't McMansions and aren't in HOA developments and thus are actually affordable are being bought by massive investment firms and flipped into being duplexes for rental.
Even the trailer parks aren't safe, as the companies buy them from the owners, evict all the tenants living in their own houses, and then develop the land into more unaffordable HOA clone mega houses, luxury apartments, or McMansions. Near where I live six of the eight trailer parks have disappeared in the last four years and have been turned into two separate campgrounds, a car wash, a dirt parking lot waiting to be redeveloped, a warehouse, and a new luxury senior apartment complex, with intent to redevelop the others into retail or housing shortly. There's been a spike in homelessness because the people living in these trailer homes couldn't afford to move their houses and didn't have anywhere left to go even if they could.
- PaulDavisThe1st 3y agoI see a few options with this of anecdote. 1. just ignore it, on the basis that the statistical data collected by many private organizations and the federal government say that it is incorrect. 2. as much as I hate quoting Bezos, he does have a good line about how, if anecdotes and data don't align, there's probably something wrong with the way the data is being measured and/or collected. 3. Accept that the data is correct, and that this sort of anecdotal reporting is also correct, but represents conditions that were also the case for previous generations yet somehow never became part of the zeitgeist. I don't know which to choose. Maybe there are others.