Murdoughnut
Well sized member
Unbelievably sad. Can you imagine trying to suppress your depression while on the hook for $100k worth of flight training?
Nope.
Unbelievably sad. Can you imagine trying to suppress your depression while on the hook for $100k worth of flight training?
Compounding the problem is how incredibly difficult it is to actually obtain mental health services these days. We pay out of pocket for the psychologist we utilize for our children, but she has a months long waitlist now for new patients. Several months ago I went through my insurance to try and find just a regular masters degree holding counselor for some CBT to help with my anxiety. Of the limited number of people on my plan in my area, they either weren't accepting new patients, or would take me as a patient, but only if I paid out of pocket (despite being approved by my insurance). That left me to suck it up, cut back on the drinking, and hit the gym more.
You realize when my (actual)boomer parents bought a home in 1980 the interest rate was 14%? And you actually had to like qualify for it. Show up to a bank in business clothes and make your case as to why the bank should loan you money.*gestures vaguely at everything*
I really wonder if the state of the world in general is contributing. Home ownership is basically a fantasy, rent goes up, and the very real possibility that this generation won’t be able to retire.
Worry about the things you can change. Stop fretting over stuff you have ZERO control over.Climate change, increasing polarization and a general • negative atmosphere......
I'm perplexed. Do people not know what a loan is before they get one? Honestly, this is a societal problem. A huge one, and it's the reason we allow our government to continue to rape us in taxes. For what? This?Unbelievably sad. Can you imagine trying to suppress your depression while on the hook for $100k worth of flight training?
You realize when my (actual)boomer parents bought a home in 1980 the interest rate was 14%? And you actually had to like qualify for it. Show up to a bank in business clothes and make your case as to why the bank should loan you money.
You want to buy a house? You want to retire? I can show you how to do it. But you aren't going to like it. Because it isn't easy. Or what society calls normal. But it is 100% possible to do both right now.
Worry about the things you can change. Stop fretting over stuff you have ZERO control over.
I'm perplexed. Do people not know what a loan is before they get one? Honestly, this is a societal problem. A huge one, and it's the reason we allow our government to continue to rape us in taxes. For what? This?
It baffles me when those that have third degree burns complain about them when they willingly stuck their hand in the fire.
You realize when my (actual)boomer parents bought a home in 1980 the interest rate was 14%?
I dunno, was there a timeframe where buying a first home in your 20's was typical for Americans? It honestly wasn't even on my radar in my 20's. Which isn't to say I'm the norm. But I don't really understand the apparent obsession with home ownership among young people in the last couple years. I understand the concerns, i.e. hard to come by lately, and rent is getting more expensive. But it is 100% possible. Might not be in the city/hot market you want to buy in. Might not be an Instagram worthy mini-mansion. The houses are out there though. More importantly, maybe enjoy your 20's, and start investing your spare money. That downpayment will be possible when you put in the work, assuming you are gainfully employed.
You know my dislike for Gen Z. But even I have to admit, they have a point here…
Gen Z are over having their work ethic questioned: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’ | Fortune
One Gen Zer has gone viral for explaining how much easier life was for boomers.fortune.com
The house thing isn’t a fair assessment. Sure I could find a cheap house in Dickinson, ND. But jobs aren’t there. Nor can you find a 100% remote job. Most jobs seem to require at least a 1-2 days/week at the office.
........
You know my dislike for Gen Z. But even I have to admit, they have a point here…
Gen Z are over having their work ethic questioned: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’ | Fortune
One Gen Zer has gone viral for explaining how much easier life was for boomers.fortune.com
The house thing isn’t a fair assessment. Sure I could find a cheap house in Dickinson, ND. But jobs aren’t there. Nor can you find a 100% remote job. Most jobs seem to require at least a 1-2 days/week at the office.
They are absolutely correct on the lies of college degree worth, the costs of college degrees, and what’s happened to housing for the past 15 years.
My own realtor in a TEACHER salary bought his 4 bdrm house in Hermosa Beach in the late 70s. Today, worth 4 million. Ain’t NO teacher in California buying a 4 million dollar home.
A house that I lost my bid on, sold for 700k in 2015. Some minor updates, and just sold for 1,545,000 last year.
It isn’t Gen Z that scored the housing lottery.
Truth.Interesting that suicide is seen as a young person's problem. The majority of people who tossed themselves from the parking garage at TPA and landed outside my window were middle aged. CDC data indicates that just under half of all suicides are those 35-64 years of age. Adults over age 75 have the highest suicide rate, which isn't alarming considering how many people rightfully decide to punch out rather than see their dignity deteriorate along with their bodies with some of the horrible fatal conditions afflicting the elderly.
If ATP had installed an AOA gauge, this guy would still be alive.Dan Gryder video in three…two…one….
Eh, yeah maybe some of that. But the reality is that, at least in the broad economic sense, everything is FINE. Like, surprisingly fine. By all previous metrics, we should be in a shallow but very real recession, and instead the economy is *growing*. The Boomers are dying off and sooner or later their houses will be for sale, and if the prices for these things don't go down, wages will certainly go up (I think both will probably occur, just not tomorrow). It's an ineradicable law of economics.
I would be more sanguine to agree with your other arguments, though. While I think that the reality is that the arrow of history is still pointing towards greater prosperity *and* rational egalitarianism (which is to say that everyone will benefit), that does not seem to be the received perception, and I have no idea what you do about that. Because these improvements occurring is, of course, predicated on everyone agreeing that they *are* occurring, and it seems like everyone has become a Pilot, suddenly. Totally sure that they're getting hosed all the time, when they're actually doing pretty well. *shrug*
Ownership = stability. No one turning your house into an air bnb, moving back from Cali and wanting to move back into their place, selling it to a VC that jacks your rent up 200% overnight, worrying about retribution for demanding that your something be fixed, etc. If you haven't rented in awhile in a major city, lemme tell ya, it sucks.I dunno, was there a timeframe where buying a first home in your 20's was typical for Americans? It honestly wasn't even on my radar in my 20's. Which isn't to say I'm the norm. But I don't really understand the apparent obsession with home ownership among young people in the last couple years. I understand the concerns, i.e. hard to come by lately, and rent is getting more expensive. But it is 100% possible. Might not be in the city/hot market you want to buy in. Might not be an Instagram worthy mini-mansion. The houses are out there though. More importantly, maybe enjoy your 20's, and start investing your spare money. That downpayment will be possible when you put in the work, assuming you are gainfully employed.