LOL! Yep!
And this meme's about ten years old.
Posted on 04/09/2023 12:18:26 PM PDT by millenial4freedom
Twenty-somethings who have been frozen out of buying a home are eagerly anticipating a potential housing crash in 2023 in the hopes that they’ll finally be able to afford a place of their own. A number of economists have noted that the combination of high inflation, rising interest rates to fight that inflation, the continued effects of Russia’s invasion of Ukraine and continuing pandemic-related supply chain bottlenecks are likely to bring about a recession sometime next year. If that happens, it could be enough to finally burst the decade-long housing bubble that sent home prices to record levels. And that’s exactly what Gen Zers are rooting for.
(Excerpt) Read more at finance.yahoo.com ...
Florida homeowners insurance
Oh, you can get stucco!
Beware too of community improvement district assessments. You pay for the roads you thought the developer had paid for when you bought the house.
You’ve only been there 4 years? Here’s a tip, after 4 or 5 years even in a new home, you can expect to start paying out. Bet the mortgage...☺
And sent their kids' future jobs out of the country while running up debt their kids could never pay back.
Housing prices can be quite sticky in high demand/high salary areas.
If rents remain high, so will housing prices.
My bank doesn’t issue CDs beyond four years. It does not expect interest rates to remain above 4% beyond four years.
Just move to blue states where normal people are fleeing from. Got to be some bargains there.
college tuition $3300-$4000/year
inflation up about seven-fold
two-bedroom townhouse $74,000
inflation up about five-fold
COBRA health insurance in 1987 $57.21/month
inflation up about four-fold
starting salary out of college with BSEE in 1980 $17,000/year
We also ‘enjoyed’ low salaries.
I worked for $2.30/hour cleaning stadium stands and restrooms along with some hard-working black women.
As the poster I was replying to pointed out, we left the young generation with “a giant sh*t sandwich”. Between outsourcing and H1Bs, our kids are aliens in their own nation’s IT departments.
Common Sense isn’t so common anymore.
“Why do they want homes? Having a home takes work, repairs, maintenance, money etc.”
And if they don’t want their wallets cleaned out by contractors, that means DIRTY HANDS. Ewwwww.
When was that, and where? The minimum wage in the US in 1980 was $3.10.
You are pricing services way wrong. Those prices are all in line.
In 2000, the price of gold was 300/oz. Today it is just north of $2000/oz.
Gold is stable in value, unlike the FRNs you are pricing things at now. Thank a politician if you like seeing the value of the dollar get flushed down the toilet.
Never mind, I’m wrong on the minimum wage.
“Gen-Z, for all their faults, received a giant sh*t sandwich from the older generations who enjoyed low costs and job security. Little wonder they now occupy themselves with debauchery and idle pursuits.”
That’s an open invitation for some FReepers to tell us how special and industrious they were/are. And sure enough, right on schedule...
The $2.30/hour was I believe in 1977.
Compound Interest is one of the biggest scams of all time.
I hope whomever thought of it first is burning in &E&*)!@#&* right now.
LOL! Yep!
And this meme's about ten years old.
“we left the young generation with ‘a giant sh*t sandwich’.”
My plumber Chris has to deal with real brown stuff, but he worked fast and conscientiously putting in the backflow device.
There are several young people ~30 who bought houses on my street.
They are personable, diligent and work in fields with good demand.
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