this post was submitted on 28 Nov 2024
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Fuck gen z. Millennials have had it way worse and have been beaten to death by the economy since our late teens.
Also it’s mainly mommy and daddy buying them houses.
They didn’t graduate into the worst economy since the Great Depression, and then when they finally regained their footing get the rug pulled out with covid. And the cost of housing quadruple. Nah. In fact wages skyrocketed under covid if they were lucky enough to get a work from home “job”.
Graduated in 09. No mommy money here 🤷♂️.
Quadruple 🤣. You realize when you say that to anyone educated that are just going to start nodding their head blankly right?
When did you buy? 2017/2018/2019?
The last time I could even think of getting a house was back then, and the prices here went up at least four fold.
Most millennials I know can’t afford houses and never could. If they didn’t buy before covid they can’t buy until the market crashes again.
Also you’re not gen z. The oldest gen zs are like 25… hence mommy and daddy’s money.
Gen z didn’t have a decade of extremely suppressed wages to account for, and if they graduated right into a cush work from home “job” during covid they won’t have any financial difficulties at all. They’re not dealing with the compound lost interest of a lost decade.
Home prices are rapidly falling in my area after several years of out of control growth. The real problem is interest rates, which add hundreds of dollars per month to mortgage payments for the same home price. Fortunately interest rates are temporary and are starting to go down too.
Where are you? In vermont prices just go up and up. I don’t even pay attention to interest rates as the prices are far beyond what I’m capable of.
Austin, TX. Prices here more than doubled from 2019-2023, but have been falling for well over a year now. A ton of new homes and apartments are still hitting the market too, so I doubt we've hit the bottom.
They built housing and aren’t a retirement home for rich boomers who like to ski and golf.
I just looked on Zillow at house prices in Vermont and there are some fucking good deals, but not in the really desirable areas like where you probably want to live
They’re likely not good deals. They just look good to out of state money.
I'm seeing huge fixer uppers on 2+ acres for sub $250K well outside the main population centers
You need to be in vermont to understand how feasible these places are. The work required for any deals is usually major and getting the labor to do it is a long waiting list.