These young people are learning a valuable lesson: They will never buy a home or have children.
A friend in his early fifties was venting about taking a ton of crap from his boss, who was just having a bad day (and distributing it evenly among all employees); he said the boss could do that because he knew they had families & mortgages. Young men in particular learned to avoid those pitfalls, apparently too well. Why lose a house in foreclosure and your children in a divorce, when you can avoid both scenarios? I personally chose to have a family and buy a home, but if things looked like this 15 years ago I probably would have done neither of them.
Fortunately for the human race, God invented alcohol.
“These young people are learning a valuable lesson: They will never buy a home or have children.”
Only if they have kids out of wedlock and the home will come only if they are on welfare. So, either the smart and hardworking leave the ocuntry or never have kids and a nice place ot live.
The way I saw it is that I would be paying nomatter what for my own place and could never live on someone’s couch. I figured I might as well use that money toward owning my own home. I could sell if I wanted to move and banks are far more lenient about non-payment than landlords. There was no practical argument against owning back then.
Marriage and kids has been another story however. I'm far more successful than average but the thought of having children depending on me in the Obamaconomy is frightening. The near complete lack of morality and insane legal system today makes marriage itself even more frightening for a guy like me. As a man, I see no reason to be married because today it's just like having a girlfriend. The relationship can be dissolved almost as easily with no stigma. The biggest difference is that she gains financial incentive to leave you and/or make false abuse claims. I don't know one married man that I would consider to be as happy as I am and I know plenty whose marriage reads like a horror story.
Save for a mindblowing miracle, I don't think I will ever get married. Even if someday I can't meet women as easily, I would rather be alone than with someone I don't like or someone taking advantage.