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You mentioned boomers. They faced higher interest rates, higher unemployment and higher inflation than people do now. Sure, it may not be effortless coming of

You mentioned boomers. They faced higher interest rates, higher unemployment and higher inflation than people do now. Sure, it may not be effortless coming of working age now, but it would take a staggering level of ignorance and/or entitlement to argue that it’s harder than it was in the 70s when boomers were coming up.

riku_iki 3y ago
> They faced higher interest rates, but much lower prices.
- brewdad 3y ago
  And much lower incomes. We can go back and forth like this all day. The point you seem to be missing is that it has never been the norm in the US for a 25 year old to own their own home. The closest we ever got to that would be the Silent Generation returning home from WWII and the veterans benefits we were handing out. My parents (Boomers) rented a dumpy townhouse in their 20s and early 30s while raising two kids. They finally bought their first home at ages 33 and 29 with a 19% interest rate. Money was really tight for the next 5 years or so until my dad's career progressed. This was with a college degree and a management position. Life has always been a challenge for the youngest generation just starting out. Today's 25 year olds look at their parents and forget that their parents have had decades of wealth accumulation and career progression. They didn't start out taking trips to Hawaii every year.
  - riku_iki 3y ago
    > And much lower incomes. We can go back and forth like this all day. you can check income to house cost ratio for example: https://pbs.twimg.com/media/FSK7NKuWQAEt9VQ?format=jpg&name=900x900 https://pbs.twimg.com/media/FSK7NKuWQAEt9VQ?format=jpg&name=...