I have been thinking about this for a while and came across a guy who thinks the same thing.
Also in the video, he says this.
If you can’t afford to buy your own place and settle down, you are stuck in a permanent adolescent limbo in which making the right decisions no longer makes sense.
This really clicked.
Edit: Forgot to summon u/QDay who might like this post and comment based on one of their recent posts.
I don’t think many young people are willing to make the financial sacrifices required to buy a house. To get our first house we sold newer cars and bought old. Stopped spending except for bare essentials and paid off all debts. Saved every penny, didn’t go out to dinner. Nothing. It took over a year in our case, mostly because we didn’t start buried in credit card debt. Most young people today live for the moment, buy expensive cars, spend every penny and live on credit. Way above their means.
They can't afford nice homes anyway, even if they avoid the fancy car. Then the homes they can afford are small townhomes with no resale value in areas they don't want to stay in, because they don't know if they'll have to move for work in a few years. When you take away the ability to afford a nice single family home, and ability to know if you'll be able to stay there, why strive for one?
What's wrong with getting a nice car in the meantime? Why do we have to denigrate anything nice in their lives while they're struggling, and then just tell them to buck up or move? I know plenty of older folks who are struggling with saving enough for retirement so I don't see a huge generational difference.
We can't deny that economics has gotten worse and worse for the middle class since the 80s and postwar America. This is what Trump ran and won on. It's Make America Great Again, not America Is Great But You're Just Lazy
Most boomer take I have ever seen. You all let in millions of brown people and did nothing. Did nothing while H1-B’s taking jobs from young American college grads.
I voted Trump 3x lol. 18-35 year old men were one of the largest demographics for Trump last election. Just if you are gonna generalize young people I am gonna generalize boomers.
Gen Z and Zillenial men are far right. Trump is actually a disappointment in many ways for what we want. Yeah we have some clowns but cost of living is out of control. I really only spend my money on food, gas, rent, a couple of subscriptions and I still am one car accident away from getting buried financially.
And all we see is older people shitting on us while brown people keep coming and taking over this country with no end in site. We could care less about the GDP and Stock market when housing is unaffordable and Pajeets, Muslims and illegals are everywhere
What u/AnonDan said is true. It is necessary to do similar to buy any significant asset relevant to income, and income is crap right now, and saving money for a lot of them can be nigh impossible due to inflation. Pretty much have to cut spending to the bone and live way below means to grab assets right now.
“Pretty much have to cut spending to the bone and live way below means to grab assets right now”
Which is what we did back then. Actually we have lived below all of our marriage. And still do in retirement. I’ve seen younger people driving cars twice the cost of mine pull into an apartment complex. They choose to spend for today and not save for tomorrow.
I've been tuning in a bit to Triggernometry recently. Some interesting thoughts. Worth a listen. Viewpoint on numerous current 'controversies' contrastive and worth thinking about, imo.
ps. Nice post, OP. Certainly got the grits going. Well done.
I have been thinking about this for a while and came across a guy who thinks the same thing.
Also in the video, he says this.
This really clicked.
Edit: Forgot to summon u/QDay who might like this post and comment based on one of their recent posts.
While the government is actually trying to replace actual citizens, it is also getting them dependent on its bribes.
The government infantilizes healthy adults!
This
I don’t think many young people are willing to make the financial sacrifices required to buy a house. To get our first house we sold newer cars and bought old. Stopped spending except for bare essentials and paid off all debts. Saved every penny, didn’t go out to dinner. Nothing. It took over a year in our case, mostly because we didn’t start buried in credit card debt. Most young people today live for the moment, buy expensive cars, spend every penny and live on credit. Way above their means.
They can't afford nice homes anyway, even if they avoid the fancy car. Then the homes they can afford are small townhomes with no resale value in areas they don't want to stay in, because they don't know if they'll have to move for work in a few years. When you take away the ability to afford a nice single family home, and ability to know if you'll be able to stay there, why strive for one?
What's wrong with getting a nice car in the meantime? Why do we have to denigrate anything nice in their lives while they're struggling, and then just tell them to buck up or move? I know plenty of older folks who are struggling with saving enough for retirement so I don't see a huge generational difference.
We can't deny that economics has gotten worse and worse for the middle class since the 80s and postwar America. This is what Trump ran and won on. It's Make America Great Again, not America Is Great But You're Just Lazy
Most boomer take I have ever seen. You all let in millions of brown people and did nothing. Did nothing while H1-B’s taking jobs from young American college grads.
Define Boomer. More than likely you're talking to a gen Xer. The term boomer is so overused to describe anyone older than you.
I didn’t let anyone in. Unlike you I didn’t vote for Joe Biden. I was early retired for a brown Indian. Don’t blame me for your BS.
I voted Trump 3x lol. 18-35 year old men were one of the largest demographics for Trump last election. Just if you are gonna generalize young people I am gonna generalize boomers.
Gen Z and Zillenial men are far right. Trump is actually a disappointment in many ways for what we want. Yeah we have some clowns but cost of living is out of control. I really only spend my money on food, gas, rent, a couple of subscriptions and I still am one car accident away from getting buried financially.
And all we see is older people shitting on us while brown people keep coming and taking over this country with no end in site. We could care less about the GDP and Stock market when housing is unaffordable and Pajeets, Muslims and illegals are everywhere
Bud, you started off with a "We" and pivoted here to an "I". My advice, avoid generational arguments if that's what you really mean.
Stop crapping on the younger generations en masse.
Lived it.
What u/AnonDan said is true. It is necessary to do similar to buy any significant asset relevant to income, and income is crap right now, and saving money for a lot of them can be nigh impossible due to inflation. Pretty much have to cut spending to the bone and live way below means to grab assets right now.
“Pretty much have to cut spending to the bone and live way below means to grab assets right now”
Which is what we did back then. Actually we have lived below all of our marriage. And still do in retirement. I’ve seen younger people driving cars twice the cost of mine pull into an apartment complex. They choose to spend for today and not save for tomorrow.
I've been tuning in a bit to Triggernometry recently. Some interesting thoughts. Worth a listen. Viewpoint on numerous current 'controversies' contrastive and worth thinking about, imo.
ps. Nice post, OP. Certainly got the grits going. Well done.