A boomer I know blames young people being in house debt because “they all buy houses with quarts and granite counters, hardwood floors and heated tile floor bathrooms. They skip the starter homes and go right to the forever homes”.
He doesn’t consider the fact that no one is building starter homes anymore. Everything has heated tile floors, granite counters and hardwood floors because the contractors are demolishing all the older “starter” homes to build luxury houses and 55+ only condos to sell to boomers who throw all their money at it. There’s no profit in building starter homes anymore.
Actually this does make sense, because remember reading articles about how Millennials and gen Z we’re not buying groceries or eating out, which led to some article writers wondering if younger Generations even ate food.
The boomers are believing their own PR department about how lazy we are, they think that if we just walking to an office somewhere, shake the manager’s hand, and just cut back on whatever it is that brings us joy, that this surplus of cash will just come flowing in and we can buy a house.
Like they really don’t get it, I remember watching an old video where they were interviewing Generation X and Baby Boomers about why they thought Millennials were broke all the time, and the answers were just ridiculous. One guy who I just could not get out of my head, gave the answer that we were all lazy and trying too hard to get noticed on YouTube because being a pretend celebrity mattered to us more.
Even though at the time becoming a YouTuber was one of the fastest growing and well-paying careers. Like it never occurred to him that maybe YouTube actually was a job for some people. And it was around that time that Youtube Partnerships were a thing so yeah…
Pfft that’s stupid. Everyone knows millennials prefer to rent because settling down just doesn’t fit our lifestyle, bro.
Plus we aren’t “handy” enough to deal with all the work of owning a home.
Just kidding, it’s because we’d rather be driving for Uber or something, I don’t know.
Point is, we’re just lazy, entitled, inept children.
Sadly, Millennials aren’t handy. Baby boomers are famous for the idea of being able to fix it themselves. If the dishwasher broke, they fixed it. If the carpet needed cleaning, they cleaned it. They enjoyed doing these tasks on their weekend. That is not the case with Millennials. They don’t care to understand how to fix something.
These are the same people that can’t use an iPad unsupervised without somehow getting tricked into sending $2k worth of bitcoin and their SSN to a scammer.
Boomers invented using several different screws in a device to make it unfixable, and then making sure it broke in a year or two
Yeah, the shit they fixed was generally just a motor and some bearings, maybe with some simple electrical switches. Everything was simple and made as durable as possible because that used to be a selling point.
Modern appliances are specialized computers with moving parts that are designed with cheap, flimsy pieces that are only meant to last until their warrenty period runs out. One minute after that and its all “replacement parts? You mean call our service dept or buy a new one, right?”
Lots of boomers fixing modern machines out there? Somehow I bet they are still talking about that one time in 1983 when they changed out the belt in a dryer that had 6 parts total and had been working for 23 years. Yeah, congrats. You did a simple thing to a simple machine.
Obviously, everyone just prefers to give their landlord 2/3 of their after tax salary. /s
Ooh, I feel like rent payments should be pretax or tax deductible and it would help a ton of people out.
Someone tell me why that would be a bad idea, I’m genuinely curious.
Home owners get to write off interest, so us renters should get something.
The real bitch is that I could totally afford a mortgage. I’ve lived in the same place for 11 years without missing a payment on my rent, but because it’s rent it doesn’t count towards my credit score, so fuck me right?
ah, you see, the trick to getting into real-estate is to have been born earlier … and not live in Canada, some Canadian boomers are learning about that requirement now as more of them are choosing to go homeless rather than pulling themselves up by their bootstraps.
GenX here. Why haven’t I bought a house?
Probably the same reason I didn’t - waited too long, and missed the window of affordability.
For years we all heard how renting is sooooooooo much better cuz u don’t have to fix anything. Now those ppl are learning why home ownership can be advantageous.
I feel for gen z but half of millennials were laughing all these years now have shocked Pikachu face and own nothing except mtg cards and Funko pops.
Who in the hell ever said renting was better? Since the advent of money it has been a losing proposition to continuously pay for something you won’t own. The only people pushing for renting over owning are the landlords.
I mean, if you search online you can find articles that talk about the pros of renting. I’m assuming those same points have been said before.
Who told you that? Was it your landlord? Millennial here. I’ve never heard that my entire life.
I was going to but then I saw an avocado toast and now I can’t afford a house. Silly me.
Wait, why didn’t you get a 34k gift from your grandfather to buy your first property, like avocado toast dickhead did?
Youre just doing it wrong, bro
And here I thought they wanted to live with their parents until they were 40.
Obviously it was because we were trying to kill the housing industry.
