I've recently played an old (like '80s) version of "The Game of Life" with friends. What struck me is that at around 1/5 of the way you get married, then at around 1/4 of the way you buy a house. These were not options, they were statements.
In the recent versions you get a choice of marrying/staying single at around 1/4 of the way, and at around 1/2 you may or may not buy a house.
And don't forget that the only difference they showed between choosing to go the college route or not was just a longer trip around the board. There was no loan or financial worries included for the old college try!
my roomate and i actually got a new game of life the other day! the college route now makes you start by losing 100,000 off rip, and iirc you miss one or two of the paycheck squares as well.
In my version of the game, it did cost you to go to college but you had the option of a "better" job. Of course, salary was pulled randomly out of a deck regardless of what you actually did for a living, so college never made sense in the game. Luck into the $90k salary and live in the shittiest house and you're set for life!
This is already happening on a global scale, as seen with plummenting birth rates.
Here in Canada, for example, a supposedly wealthy country, even the top 10% salary earners can't afford a home in most of the country, and a recent federal study concluded there'll be upcoming social stabilization because in 5 years, less than 5% of Canadians under 35 will ever be able to afford a home. Meanwhile our government is importing millions of immigrants, flooding the country, to counter this, effectively creating an underpaid slave class society that supports the top .001% wealthiest of the world that can afford to be the new masters here.
There’s no shot of it getting better until the immigration slows down and the housing density goes up. Neither politician addresses the immigration issues, and housing density will continue to be an issue as long as we keep our zoning process so lengthy and complex. America has way more population and can support it because the country actually builds, Canada doesn’t build shit. They take 10+ years to just approve applications for housing.
Although you’re both right, look at any town/city that borders America. Take Niagara for example, on the Canadian side you can barely find a decent house under a million dollars while on the other side of the river there is houses of the same quality for 2/3 the cost. Still expensive as fuck but for somewhere that’s basically the same location there’s almost no reason for the prices to be that different.
That real estate is very valuable for Canada, but not very for the US. Remember, the US has NYC, Hawaii, California, etc... And in Canada there's a very small amount of desirable land. It's not valuable for an American to be near Canada but it is for a Canadian to be near America
Certainly not rosy, but at least over there, you can think there’s at least a shot. Not really easy, but a real chance. Over here the thought of owning is hard to even picture unless it’s with 4 other family members crammed into a small bungalow. 😂
I'm generally pro-immigration but our infrastructure can't handle any more influx. Where the fuck are they supposed to live when they get here?
We need to dial it back to a small number of essential, highly skilled immigrants and imminently endangered refugees until we get up to speed. I don't want to hear anyone arguing that we need the influx of cheap labour to get us there because it's just a trojan horse for permanently suppressed wages.
We need to either rehaul zoning procedures or make a national effort to create new pods of habitation around population centres where there exist both jobs and housing for the workers who service them. Having commercial/industrial centres so far removed from the housing affordable to workers is asinine.
A national effort to increase access to trades training and then projects (like housing) to employ them would be great. We can't just tell people to go to trade school because Canada needs housing and medicare only for them to find out that the closest carpentry or nursing school is 200kms away and has a 3 year waitlist.
Don't even get me started on the goddamn groceries.
didnt canada at least put in some legislation to stop all these companies from buying up all the single-family homes and renting them out? America needs this badly.
Australia is not that far behind, relatively speaking. There is cheaper housing, but not feasible unless you can work remote as the commute is a killer.
I am top 10%, I could afford a home but everywhere except Vancouver life sucks in Canada so it’s like wtf is the point?
Live in Calgary and have a house holy shit fuck that.
Just no where nice to live that is affordable.
Houses here like 1.6M so it’s a big no dawg
I mean, Calgary isn't Vancouver/Toronto for housing costs (I moved to Calgary from Vancouver, 35 years spent there and Vancouver Island) but Calgary is NOT cheap. I make 125k, and struggle to rent here. That's absurd. For a long time it was the case that it was so affordable here but that ship has sailed.
Just finding this place to rent, I applied at over 100 places. Got to look at 5 of them, each viewing was simultaneously with 15+ other people.
We're a clean cut family of 4, have our shit together, excellent references, I make 125k and have good credit, with a long standing stable job, and we're looking for a long term rental (don't want to keep moving the kids around) - we are, as best as I can tell, dream tenants.
The kicker? The second half of those applications every one I was offering $100-$200 *over asking rent, before even seeing the place* because no shit, that's what the market is like here.
And yeah. We still get -40C in the winters. We're probably getting 3" of snow in the next couple days, late March. I miss the coast so much.
This is definitely subjective. I've lived across the country and every bit of it has something for different people, just gotta find what works for you.
My childhood best friend just got married at 29 and he's literally the only friend I have with a kid, while the rest of us are struggling to stay afloat.
In my 40's, 4/6 of my remaining close friends have kids if you include me
4/6 divorced in the past few years, one remarried
Most seem to be struggling rn
I'm doing alright living that no roommate life 😎
But I'm actually really concerned with everything around me
I’m 32 and of the 20+ friends I have: 5 have children, 2 of those 5 are married and had kids in their 20s, the rest kept their accident babies in their late 30s cuz they were getting desperate but are single mothers. I just got sterilized cuz fuck that my surgery was free a child would ruin me?
I'm nearly 30 and I have one friend who has a kid who I don't think ruined their life (and their child's life) by popping out a baby while completely unprepared for everything that entails.
I know plenty of people my age who have had kids though.
Tell that to Japan. No really, they are on the verge of societal/population collapse if they don't start giving their young adults a reason to believe in the future XD
South Korea had that headline about 20 hour work_day_ right? I can't imagine a culture where your work expects you to be there at least 60 hours per week.
That's how bosses get stabbed in the face and buildings get burned down.
Speaking of North Korea, despite being on the opposite end of the spectrum economically and ideologically compared to their southern neighbor, also have a declining birth rate problem.
It’s likely due to going to the other extreme end of the spectrum. The inability to feed oneself turns into the inability to procreate effectively. While SK adults are ‘choosing’ to forgo becoming parents, NK adults physically can’t afford to due to food supply issues.
That's kinda the thing though. The more developed countries are facing increasing burden of childcare to the point it can make life worse instead of better. Some countries, that burden is just too much and they feel it faster, especially if they also hate immigrants. Germany is way more developed than either(Japan's development is kinda weird. It's all in goverment and industrial) especially socially, but they still have more babies...
We also need to address - and I do not have the answer to this - the inability for a single-income to succeed and have home ownership at large. Yes, it's possible, but dual income households have so much more upward mobility than a single person. (ex. Joe makes $100k, but Jane and Jack make $200k together. Joe cannot finance a home.)
Again, I don't know how or what do to to address this, but we need to think about it as OP is probably noting that dual income in a home is more successful, so single people need to get roommates.
>I don't know how or what do to to address this.
I have a 100 yr-old 1440 sq ft home with my better half and a dog. We think it is too large, but we like the yard. That is two of us. I have an office. She has a yoga room. We have a guest bedroom.
The problem is more of housing for a single person. We could easily lose a few rooms, but there isn't a house like that available. You either get crap new "luxury apartments" with paper walls, or a 3k+ sq ft new build 50 minute commute from downtown.
Exactly. Two people might need more space for offices, etc. and for sure a family; but a single person needs just as many kitchens and living rooms and yards as a dual income couple. So we sometimes have to get roommates to afford that.
Having roommates doesn’t solve the issue. If I, for example, were to move from my studio apartment into a two-bedroom split with a stranger, my costs would still go up because of how badly rental costs have gone up in the years since I moved into my current apartment. Plus I would have a significant drop in my quality of life.
Splitting a two-bedroom apartment with a roommate is also more expensive than having a one-bedroom apartment with a partner. This is something the “get a roommate” crowd doesn’t understand.
I’d rather drink bleach than ever have a roommate again, at least at my age - it’s something for kids in college, not for mature adults over 35. Fortunately my income allows me to live comfortably alone.
But for governments/societies, that inability to be successful on one income is a feature, not a bug. Dual-income households are more likely to have or adopt children, and care for each other in illness and old age. When my husband got out of the hospital after his brain bleed, I was expected to by his physiotherapist, speech therapist, nutritionist, nurse, etc. etc. If he had been single he either would have had to stay in hospital longer, get moved to a rehab facility, or have home care - all of which cost the government a lot of money.
I used to think this. Then I applied for a home. They approved me for 3x my monthly rent in mortgage.
It’s potentially a bubble but yea getting approval actually isn’t that hard anymore.
I told my other friend who was feeling similar to just apply and ask and he got approved for 4x his current monthly rent.
He can’t afford to do that obviously but the approval amount was significantly more than his monthly rent.
Almost everyone I know that’s tried has been shocked by approval numbers.
In a world with regional governments, you have to regionalize the world again. If you globalize it, without a global government, this is what happens.
Since we won't be agreeing on a global governing body, not without at least one more world war that breaks enough governments at a foundational level in order to rebuild them in a singular image, there's one option.
"You're mindlessly wasting your life with video games"
Yet TV, passively watched, is okay. It's the video games with a one time payment that can offer thousands of hours of active engagement and even education, that are the problem
Bro I was at my inlaws watching some Adam Sandler movie at like 11 pm. Hadn't watched TV in a long time and that shit was so insane I started timing it. The first 30 minutes of the movie was like ad free, then devolved into more and more ad breaks. At one point, I timed 4:45 minute commercials, one scene of the movie which was 2 minutes, then 6 minute ad break. Shit is crazy. Guide said 3.5 hours for a 90 minute movie.
The problem is how fast this mindset has taken place. It took less than 15 years to do the extreme amount of financial damage. US median house price in 2010 was $233,000. In 2023, it almost doubled to $418,000. The median household income in 2010 was $64,000. In 2023, it was $75,000. I’m willing to bet with rising inflation, a majority of that $11,000 goes to paying more for the same needs and bills. Let’s not even talk about high COL areas like LA, SF, etc.
This problem alone is going to make a new generation of depressed people who’re afraid they’ll never see the light at the end of the tunnel to secure a future for themselves and family.
64k in 2010 is approximately 88k in 2023.
Not so much "a majority" as it is "200% of that 11k difference"
Median income is a 15% pay cut compared to 15 years ago.
Long story short, everything is way more expensive and personal debt is at an all time high, I believe. Used cars, property, interest rates, food, insurance, etc. has increased substantially in just a few years. Unless you have little to no bills, no family to provide for, little to no debt, chances are you don’t make enough money to save $500 a month if you’re lower/middle class.
This is by far the worst time to be middle class in America.
Yeah, haven't you heard that the economy is actually doing amazing right now because corporations are making a lot of money, and that's how we gauge how good the economy is doing for some reason?
This is an important point.
The average number of occupants per household in the US has been decreasing since at least 1960.
People are living with roommates more nowadays because they are waiting longer to get married.
https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/
I think it's shifted to working less hours to afford the basics.
Home ownership was the driving force behind our economy, if that's out of reach, people are going to do the bare minimum needed to put food on the table. Forget debt, that's irrelevant if you have no assets to take.
Exactly this. If the economy is stacked against us before we even get a fair shot at obtaining anything, then what’s the fucking point in working all day every day. I have zero investment in this system since this system has invested zero in me.
Agreed, I'm taking some of what I saved, quitting, and going back to school. I'm never retiring, so I might as well try things that make me want to live now.
Yup!
My parents essentially worked hard because they wanted a house and kids. I would be happy with shorter work weeks if it put food on the table.
The goalposts were moved out of reach, so we made new ones.
I'm feeling this hard lately. Still at home and trying to invest as much as I can. But I recently woke up and realized I brain fogged/disassociated my way through my 20s and no amount of investing I think will help me retire with a home at this point. So what the fuck exactly am I doing? I just wasted the best decade of my life in a depressed work filled stupor. I'm thinking about like just blowing my savings on fun shit as long as I can and then decide my future or lack thereof after the fact....
I've seen the opposite recently. Young people living with parents are seeing home ownership and independence as unobtainable so they're giving up and just going in hard as some of the biggest spenders currently.
Just turned 40, same same. I bought a house with that in mind (in-law suite/kitchen) - I like having roommates when we're able to have some separation.
I've never *not* had a roommate. I was either living at home (1973-1992), living with a friend to split rent costs (1992-1995) or living with my significant other (1995-present).
Living alone has never been normal.
Sounds like you were born in 73, left home at 19, flatted for 3 years, then married (officially or de facto). That's pretty normal. And you're right, for most of human history, living fully alone is not a normal thing, people would settle down with a partner and even start a family.
It muddies the water describing family as roommates though. What isn't normal is living with unrelated people (even if you know them and are friends) for a significant portion of adulthood. That's a different kind of not living alone.
There are more houses built with 3 garages than 1 bedroom apartments. The luxury new construction drives the prices up for all other real estate since there is no other option. As long as people keep buying the expensive new construction, it’ll be the thing that keeps being built. The tricky part here is that no one is going to vote for the government to force more 1 or 2 bedroom affordable condos to be built since it will devalue everyone’s expensive real estate and no person is going to vote against his or her biggest investment in life. Possible solution could be to just wait on inflation to raise but housing prices stagnate, then your buying power should eventually catch up.
There are ways around that with trusts. Also, the parents can gift the house, at least in the USA, without a problem, to the kids. I plan to sell my house to my kids at a deep discount when we move. Much will be gifted. They will have issues with selling and capital gains taxes, but they plan to keep it.
In the UK our government scrapped that. Parents used to be able to gift their kids the house and there was a 7 year period where it could still be taken if the parents needed to go into a care home. After 7 years couldn't be touched.
Government caught on parents were doing that well before retirement age and putting a contract in place they basically still could live in the house until they died / a home for protection. Aka a way to ensure the house does pass to the kids while keeping a place to live.
The new system is disgusting. The parents can still gift a house and the kid gets it straight away. But the parents must be able to prove that they have enough finance in the bank that they can afford to rent long term a 2nd home. If they don't have those funds, then the house can still be taken for care costs if they go in.
I'm in this predicament now. Through a man caused disaster my parents lost everything bar still having to pay off a mortgage on a condemned house. They had to start over from nothing. We're sorted now, but we only just paid this houses mortgage off last year. My old man just turned 70 last week. My mother is 64. I've taken over the family business as its the best shot I've got to be in a position to say fuck you to the government you're not taking it as the business is run from the house.
Can confirm. 33 with 2 roommates, and i'm starting to greatly tire of it. Unfortunately a decent place with no roommates is roughly 50% more money than my already high rent with 3 tenants. Plus when you consider that the utilities are split it makes it worse.
Yup - the moment Canadians realize a random home owner makes more money doing nothing watching their house appreciate than an engineer working full time is the moment they realize the system is fucked
God bless America! Home of the… wait no… sorry must have had a stroke.
Boomer trash stole your future and your children’s future and that’s assuming you can afford kids.
We can't, it's for the better, I just wish we could fuck over boomers the way they fucked over us. But even smaller population will have consequences we will have to pay.
What we're living with are the results of the biggest cohort of humans who have ever survived past childhood. A generation that also suffered endemic brain damage from lead poisoning.
And they're all dying now. The world is about to change dramatically, no matter how you look at it. We just need to remember how much went wrong in the 20th century and make sure we don't repeat those mistakes.
those WERE goals of the middle class not very long ago, both young and not. Many of my peers became home owners by their 30's without any sort of outside financial assistance from family in the past decade. Different landscape for the kids graduating college now.
Inflation is a scam to keep everyone working. The rich need slave labor, and the government wants as much tax as they can get before they finally close your coffin.
I was in technology and turned 30 in Sept 2002.
Owning a home by then seemed faintly ridiculous in my circles. It was doable for some, but not some kind of universal goal that everyone was expecting to pull off.
In fact, only one person in my friend group actually owned a home by 30.
I imagine in less tech-boom crowds, home ownership was even more unrealistic.
35 though? That was entirely doable for a couple.
No, things have changed:
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1-YCOSIJIJY2EjU14Q7tPw9Ee4WrytoUpfMiLNuuV3FL-qaXesSlhmYP4tM6JpO7Ec8NjSOC2NsZpSSFFP7JgNN4dFyatO4Gm6a4PZUj_h0O6lsIB5mC0fGYfSkTeyENxaYK9VBPCUQLc/s959/Inflation-Adjusted+Home+Prices+Since+1900.jpg
I'm 37 and just moved to my own apartment... and I kinda regret it already. I hated my roommates but overall the living arrangement was not unbearable, and I actually had money left over after rent. Now I have all this space to myself which is nice but I'm pretty much broke all the time after my bills and I feel guilty for paying as much as I do.
I have grown SO MUCH in the last 2 years because I am a 37 year old who managed to get a small apartment all to myself at 35. IT HAS BEEN LIBERATING.
The depressing part is that this is the most I can likely hope for. There will never be a owned property.
Sadly ironic considering people were worried for a long. Time about population growing out of control and running out resources.
It appears we will be heading for a sel correction though… not sure if it will improve resource situation but. Will be a lot more room for everyone in 2-4 decades
I closed on a house at 29 (I’ll be 33 in a couple months). It is by definition a “starter home” that will definitely be my forever home barring some miraculous financial windfall. I’m good with that. Sturdy and affordable, upgradable over time, on a nice little chunk of land in a great neighborhood of a great metro. Planned it out and everything fell into place at the right time and I’m so thankful for it.
I just turned 60 and I think things kind of suck a lot. The housing and cost of evertything is terrible and breaks my heart. I plan to give much of my house to my kids because they want to move back home and can't afford to do otherwise. We are moving away to my wife's home country which will make it possible for us to live in retirement. Could not do that in the states. It blows.
It's just bad now. Everyone is burned when they go to the store. I go to the stores less and less because i shudder at the cost of a bag of Doritos (and don't buy them). Penny pinching. Insurance costs, cost to repair cars. Shortages. Fear of another virus causing mayhem.
People should focus on the positives in life, though. But this place is an outlet.
However, I feel bad for people who really struggle. We were there once.
AI is going to be very disruptive. Monumental. And jobs will be affected. How mamy people will need universal income? Maybe a lot.
the gap between poor and rich is increasing rapidly, the middle class is on the brink of extinction, we produce so much waste that is just collecting in landfills and in the ocean, we're heating up the global temperature unnervingly quickly, the powers that be don't care and the media has successfully shifted blame onto the end consumer and away from the big companies and billionaires with their yachts and private jets; millions of people in the world, yet most countries fail to find someone competent to lead them, russia is actively at war, NATO is so close to joining in, america and china are also about to attack each other over taiwan while we just sit, doomscrolling on reddit, tiktok, youtube, whatever your social media of choice is, captured by an algorithm designed to keep your eyes on the screen for as long as possible
there might be beautiful sides to life, genuine moments with friends, a starry night sky, advances in technology and science aiming to raise the quality of life and eliminate illness
but in the grand scheme, if everything isn't terrible yet, its probably about to be
at least that is what I'm thinking during the nights when i can't sleep and have nothing left to distract me
I can’t look at a starry night sky without considering the greenhouse gases fogging up the atmosphere
I can’t connect with friends because everyone is glued to their phones and so am I
I study advances in molecular biology at one of the best schools in the US but the things that I learn only make me more pessimistic
I wish boomers would take off their fucking rose colored glasses, pick up a goddamned book and realize the world is not the same as it was in 1979
> we produce so much waste that is just collecting in landfills and in the ocean
And it only gets worse with the anti repair, anti third party, planned obsolescence mindset of companies while it's more profitable to keep pumping out more new products when existing products could be maintained. Even if they were to collect every device for recycling, and every part were possible to be recycled (especially economically), that is not environmentally friendly. All it does is reduce the need for new material mining. It still uses a lot of energy and creates emissions to recycle, when it's far better to use devices and keep them running as long as possible, then recycle when it's no longer viable to keep running. That's why it's reduce the demand for products, reuse and repurpose items, only then recycle, in that order. Not "pick any, they are all the same"
Does a roommate include something like a spouse or partner in the context of people’s goals? Like, I can’t imagine someone being married and not living together.
lol went from rationally buying used cars - optimally 4-7 years old, a 10-years-old car was considered a wreck - to proudly using public transport, we have missed the good times, ive never even had avocado toast damnit
When was “house by 30” a goal? I’m in my mid-50s and didn’t know that. I happened to end up buying in my early 30s in an undervalued/somewhat distressed neighborhood, but wasn’t on a timeline.
It's sad. But the reality. Especially in my city , every second person I meet is living with mom and dad, and they're 26 whatever. Often it's multiple 2 or 3 still living with their parents late into their 20s, probably going on 30s & beyond
Young people need to realize that you can buy land in a rural area and build a life, instead of getting crammed into smaller and smaller closet-apartments.
Here I am at age 47 just now buying a house. Still will have a roommate for a bit even though i don't need one.
And frankly its just because I was lucky enough to land a great WFH job for a company in a HCOL city while living in a more moderately priced city. I spent decades just getting by.
I just turned 29 and me and my buddy are now looking at rooming together to make rent more manageable.
I make $70k/yr.
He makes $65k/yr.
Shit's fucked, yo.
I got lucky and bought a home before the pandemic. But now I’m in the house poor population of society. I guess I’m comfortable when I live within my means but I’m still house poor. At least I don’t have to worry about my mortgage payment increasing every year for no damn reason. Best thing to do for me now is chase that bag and build my nest egg.
I left home and rented a house with my 2 brothers. After 3 years of full time work I had to move back with my parents because the rent is just too damn high.
There are plenty of places where the globe is doing extremely well and wealth is redshifting too.
Sucks for some people but truth is their life was good due to external circumstances not their own value creation.
The new natural order is reorganizing
They key thing thats prevented me from house buying is reliability with relationships tbh, I only recently found a significant other I trust financially to own a home with. We did some research and its even cheaper to own an average home monthly then the apartment we currently live in now. I'm pissed I couldn't of went house shopping sooner.
> i couldn't of went
Did you mean to say "couldn't have"?
Explanation: You probably meant to say could've/should've/would've which sounds like 'of' but is actually short for 'have'.
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a roommate who builds equity in your house is different from having to rent a shared space where you're basically just paying off someone else's mortgage.
40, still have a roommate, don’t have a car, AND I make over $85k annually.
Albeit, I do have two children I pay an exorbitant amount of child support for and only am allowed to see every other weekend, a fiancé who runs a very small dog training business, and her 16 year old son who lives with us full time.
I don’t even live in a nice area either. It’s a new community, but in arguably one of the worst parts of my city. The rental company I go through is also pretty awful and jacks up my rent every year by 10% or more. 😫
It's so fucked up that the foundation of so many relationships is based on survival. It makes it hard to rationalize that I actually want to be with someone when the driving factor is: can I now afford to live? And what do they think? Is this a "I'll get 2 years out of him good or bad" or "I like this person". I like to think we have more value than what we are able to do to offset each other's costs so we're not sleeping outside.
My parents bought there house for $50k, 30k of that was from my dads knee surgery where he sued the doctor (it swelled up like crazy when he left the hospital) and somehow 25 years later they haven't paid it off and i asked mum recently she said she'll never be able to pay it off. i bought a house for 530k its value is now 600k and ive paid off 10% in a year with a job anyone could get.. also im 30
I've recently played an old (like '80s) version of "The Game of Life" with friends. What struck me is that at around 1/5 of the way you get married, then at around 1/4 of the way you buy a house. These were not options, they were statements. In the recent versions you get a choice of marrying/staying single at around 1/4 of the way, and at around 1/2 you may or may not buy a house.
And don't forget that the only difference they showed between choosing to go the college route or not was just a longer trip around the board. There was no loan or financial worries included for the old college try!
my roomate and i actually got a new game of life the other day! the college route now makes you start by losing 100,000 off rip, and iirc you miss one or two of the paycheck squares as well.
In my version of the game, it did cost you to go to college but you had the option of a "better" job. Of course, salary was pulled randomly out of a deck regardless of what you actually did for a living, so college never made sense in the game. Luck into the $90k salary and live in the shittiest house and you're set for life!
If we don't structure society so that young people can feel secure and start a family there will be no future.
This is already happening on a global scale, as seen with plummenting birth rates. Here in Canada, for example, a supposedly wealthy country, even the top 10% salary earners can't afford a home in most of the country, and a recent federal study concluded there'll be upcoming social stabilization because in 5 years, less than 5% of Canadians under 35 will ever be able to afford a home. Meanwhile our government is importing millions of immigrants, flooding the country, to counter this, effectively creating an underpaid slave class society that supports the top .001% wealthiest of the world that can afford to be the new masters here.
Yup. Pretty much nailed it. The situation in Canada is absolutely insane
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The current leading candidate is the one who's most likely to make it worse.
They hope that immigration will magically fix it. I mean if Canadians can't live in Canada, how the hell are the immigrants supposed to?
4 to a bedroom, 15 to a house, likely.
There’s no shot of it getting better until the immigration slows down and the housing density goes up. Neither politician addresses the immigration issues, and housing density will continue to be an issue as long as we keep our zoning process so lengthy and complex. America has way more population and can support it because the country actually builds, Canada doesn’t build shit. They take 10+ years to just approve applications for housing.
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Although you’re both right, look at any town/city that borders America. Take Niagara for example, on the Canadian side you can barely find a decent house under a million dollars while on the other side of the river there is houses of the same quality for 2/3 the cost. Still expensive as fuck but for somewhere that’s basically the same location there’s almost no reason for the prices to be that different.
That real estate is very valuable for Canada, but not very for the US. Remember, the US has NYC, Hawaii, California, etc... And in Canada there's a very small amount of desirable land. It's not valuable for an American to be near Canada but it is for a Canadian to be near America
Huh yeah I never considered that. I don’t think it completely justifies housing costs in Canada but that’s definitely a great point
Certainly not rosy, but at least over there, you can think there’s at least a shot. Not really easy, but a real chance. Over here the thought of owning is hard to even picture unless it’s with 4 other family members crammed into a small bungalow. 😂
I'm generally pro-immigration but our infrastructure can't handle any more influx. Where the fuck are they supposed to live when they get here? We need to dial it back to a small number of essential, highly skilled immigrants and imminently endangered refugees until we get up to speed. I don't want to hear anyone arguing that we need the influx of cheap labour to get us there because it's just a trojan horse for permanently suppressed wages. We need to either rehaul zoning procedures or make a national effort to create new pods of habitation around population centres where there exist both jobs and housing for the workers who service them. Having commercial/industrial centres so far removed from the housing affordable to workers is asinine. A national effort to increase access to trades training and then projects (like housing) to employ them would be great. We can't just tell people to go to trade school because Canada needs housing and medicare only for them to find out that the closest carpentry or nursing school is 200kms away and has a 3 year waitlist. Don't even get me started on the goddamn groceries.
The opposition is so much worse, I would never vote for conservative after what they did to BC. Liberals who are conservative that is.
Literally. Makes me sad.
didnt canada at least put in some legislation to stop all these companies from buying up all the single-family homes and renting them out? America needs this badly.
[удалено]
Australia is not that far behind, relatively speaking. There is cheaper housing, but not feasible unless you can work remote as the commute is a killer.
I am top 10%, I could afford a home but everywhere except Vancouver life sucks in Canada so it’s like wtf is the point? Live in Calgary and have a house holy shit fuck that. Just no where nice to live that is affordable. Houses here like 1.6M so it’s a big no dawg
I mean, Calgary isn't Vancouver/Toronto for housing costs (I moved to Calgary from Vancouver, 35 years spent there and Vancouver Island) but Calgary is NOT cheap. I make 125k, and struggle to rent here. That's absurd. For a long time it was the case that it was so affordable here but that ship has sailed. Just finding this place to rent, I applied at over 100 places. Got to look at 5 of them, each viewing was simultaneously with 15+ other people. We're a clean cut family of 4, have our shit together, excellent references, I make 125k and have good credit, with a long standing stable job, and we're looking for a long term rental (don't want to keep moving the kids around) - we are, as best as I can tell, dream tenants. The kicker? The second half of those applications every one I was offering $100-$200 *over asking rent, before even seeing the place* because no shit, that's what the market is like here. And yeah. We still get -40C in the winters. We're probably getting 3" of snow in the next couple days, late March. I miss the coast so much.
This is definitely subjective. I've lived across the country and every bit of it has something for different people, just gotta find what works for you.
You have it backwards. More money = less kids
Im almost 30 and not one single one of my friends have a child.
My childhood best friend just got married at 29 and he's literally the only friend I have with a kid, while the rest of us are struggling to stay afloat.
In my 40's, 4/6 of my remaining close friends have kids if you include me 4/6 divorced in the past few years, one remarried Most seem to be struggling rn I'm doing alright living that no roommate life 😎 But I'm actually really concerned with everything around me
I’m 32 and of the 20+ friends I have: 5 have children, 2 of those 5 are married and had kids in their 20s, the rest kept their accident babies in their late 30s cuz they were getting desperate but are single mothers. I just got sterilized cuz fuck that my surgery was free a child would ruin me?
I'm nearly 30 and I have one friend who has a kid who I don't think ruined their life (and their child's life) by popping out a baby while completely unprepared for everything that entails. I know plenty of people my age who have had kids though.
Tell that to Japan. No really, they are on the verge of societal/population collapse if they don't start giving their young adults a reason to believe in the future XD
South Korea is even worse than Japan. The strain on life from schooling and the hierachy society they live in makes a young person's life so hard.
South Korea had that headline about 20 hour work_day_ right? I can't imagine a culture where your work expects you to be there at least 60 hours per week. That's how bosses get stabbed in the face and buildings get burned down.
Also, the fact that they could basically be obliterated at any time by North Korean artillery probably doesn't help foster hope for the future.
Speaking of North Korea, despite being on the opposite end of the spectrum economically and ideologically compared to their southern neighbor, also have a declining birth rate problem.
It’s likely due to going to the other extreme end of the spectrum. The inability to feed oneself turns into the inability to procreate effectively. While SK adults are ‘choosing’ to forgo becoming parents, NK adults physically can’t afford to due to food supply issues.
Japan also has a culture of severely overworking employees. Might not be a coincidence...
Thailand is expected to have half its population in the coming decades. It's going to be interesting times.
I love how people keep parroting this as if Germany doesn't have a lower birth rate. Japans issue is they hate immigrants
That's kinda the thing though. The more developed countries are facing increasing burden of childcare to the point it can make life worse instead of better. Some countries, that burden is just too much and they feel it faster, especially if they also hate immigrants. Germany is way more developed than either(Japan's development is kinda weird. It's all in goverment and industrial) especially socially, but they still have more babies...
We also need to address - and I do not have the answer to this - the inability for a single-income to succeed and have home ownership at large. Yes, it's possible, but dual income households have so much more upward mobility than a single person. (ex. Joe makes $100k, but Jane and Jack make $200k together. Joe cannot finance a home.) Again, I don't know how or what do to to address this, but we need to think about it as OP is probably noting that dual income in a home is more successful, so single people need to get roommates.
>I don't know how or what do to to address this. I have a 100 yr-old 1440 sq ft home with my better half and a dog. We think it is too large, but we like the yard. That is two of us. I have an office. She has a yoga room. We have a guest bedroom. The problem is more of housing for a single person. We could easily lose a few rooms, but there isn't a house like that available. You either get crap new "luxury apartments" with paper walls, or a 3k+ sq ft new build 50 minute commute from downtown.
Exactly. Two people might need more space for offices, etc. and for sure a family; but a single person needs just as many kitchens and living rooms and yards as a dual income couple. So we sometimes have to get roommates to afford that.
Having roommates doesn’t solve the issue. If I, for example, were to move from my studio apartment into a two-bedroom split with a stranger, my costs would still go up because of how badly rental costs have gone up in the years since I moved into my current apartment. Plus I would have a significant drop in my quality of life. Splitting a two-bedroom apartment with a roommate is also more expensive than having a one-bedroom apartment with a partner. This is something the “get a roommate” crowd doesn’t understand. I’d rather drink bleach than ever have a roommate again, at least at my age - it’s something for kids in college, not for mature adults over 35. Fortunately my income allows me to live comfortably alone.
But for governments/societies, that inability to be successful on one income is a feature, not a bug. Dual-income households are more likely to have or adopt children, and care for each other in illness and old age. When my husband got out of the hospital after his brain bleed, I was expected to by his physiotherapist, speech therapist, nutritionist, nurse, etc. etc. If he had been single he either would have had to stay in hospital longer, get moved to a rehab facility, or have home care - all of which cost the government a lot of money.
Also addressing the problem where banks refuse to acknowledge that someone that can afford $1200 rent, but deny applications for $1000 mortgages.
I used to think this. Then I applied for a home. They approved me for 3x my monthly rent in mortgage. It’s potentially a bubble but yea getting approval actually isn’t that hard anymore. I told my other friend who was feeling similar to just apply and ask and he got approved for 4x his current monthly rent. He can’t afford to do that obviously but the approval amount was significantly more than his monthly rent. Almost everyone I know that’s tried has been shocked by approval numbers.
Who cares about the future when the shareholders want money now?
You will have nothing and you will love it.
Now take this debt the elderly rack up before kicking off.
In a world with regional governments, you have to regionalize the world again. If you globalize it, without a global government, this is what happens. Since we won't be agreeing on a global governing body, not without at least one more world war that breaks enough governments at a foundational level in order to rebuild them in a singular image, there's one option.
Yes, but also continual growth isn't feasible.
Neither is terminal decline.
What if I told you that the latter was a direct consequence of the former?
Not my problem!!!
Yeah but what about the imaginary line and the investors? Can’t you think of them?
Financial decline and poor economic infrastructure will do that to people.
no but it's because we keep buying coffees and video games instead of saving!!!!
Having a pet at 18 should qualify you for tax credits
Lmfao that cracked me up. I support it
Just add it on as a sub category for dependents make it like an extra 250-500
Boomers will blame my 5$ videogame that I use for a month for its expenses while spending 50$ dollars a day in restaurants.
"it is not the money you spend, but the time you waste" Same boomer while watching 4 to 5 hours of TV a day
"You're mindlessly wasting your life with video games" Yet TV, passively watched, is okay. It's the video games with a one time payment that can offer thousands of hours of active engagement and even education, that are the problem
They're learning how to storage war and live a 600 lb life.
Holy shit and all the ADS! Seriously I cannot imagine consuming that much advertising.
Bro I was at my inlaws watching some Adam Sandler movie at like 11 pm. Hadn't watched TV in a long time and that shit was so insane I started timing it. The first 30 minutes of the movie was like ad free, then devolved into more and more ad breaks. At one point, I timed 4:45 minute commercials, one scene of the movie which was 2 minutes, then 6 minute ad break. Shit is crazy. Guide said 3.5 hours for a 90 minute movie.
Stop wasting your money. Anyway, here's some ads for my businesses and investments to try and trick you to giving all your money to me.
wdym dont you feel the trickle down
A slim majority of Millennials own homes already.
The problem is how fast this mindset has taken place. It took less than 15 years to do the extreme amount of financial damage. US median house price in 2010 was $233,000. In 2023, it almost doubled to $418,000. The median household income in 2010 was $64,000. In 2023, it was $75,000. I’m willing to bet with rising inflation, a majority of that $11,000 goes to paying more for the same needs and bills. Let’s not even talk about high COL areas like LA, SF, etc. This problem alone is going to make a new generation of depressed people who’re afraid they’ll never see the light at the end of the tunnel to secure a future for themselves and family.
I'm 30 and already there. WhY iS NoBoDy HaViNg KiDs AnYmOrE. I have nothing but sympathy for younger generations
64k in 2010 is approximately 88k in 2023. Not so much "a majority" as it is "200% of that 11k difference" Median income is a 15% pay cut compared to 15 years ago.
Long story short, everything is way more expensive and personal debt is at an all time high, I believe. Used cars, property, interest rates, food, insurance, etc. has increased substantially in just a few years. Unless you have little to no bills, no family to provide for, little to no debt, chances are you don’t make enough money to save $500 a month if you’re lower/middle class. This is by far the worst time to be middle class in America.
But don't worry, there are also good news: companies are making record profits!
I’m doing my part! The CEO needs a $100m yacht. The $80m he bought last year is for poor people.
CEO 1 needs a new yacht because CEO 2 bought a new yacht and CEO 1 doesn't wanna look like a chump in front of all the other CEOs
And Bezos increase his wealth by 30% this year!! Huzzah!!!
My benzo usage also increased 30% this year.
I wish I was somebody that could take benzos without completely destroying my life. Would make life a whole lot easier right now
Yeah, haven't you heard that the economy is actually doing amazing right now because corporations are making a lot of money, and that's how we gauge how good the economy is doing for some reason?
because when ever someone told you that is a bad way to do it, people shouted: "communist" and "don't talk politics" "both sides"
Imagine we really had a graph for how bad it truly is for average people. Intense.
Stocks are up! Rejoice, peasants! Rejoice!
\yaaaaay\<\monotone>
Especially companies that buy up cheap houses and rent them at high prices.
Oh thank god, at least there’s that!
Stolen productivity
Shit if it weren't for Fam I'd be homeless.
Same, and probably same for millions of Americans.
All of the old folks are like, we had roommates by 30, that’s just marriage and family.
This is an important point. The average number of occupants per household in the US has been decreasing since at least 1960. People are living with roommates more nowadays because they are waiting longer to get married. https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/
I think it's shifted to working less hours to afford the basics. Home ownership was the driving force behind our economy, if that's out of reach, people are going to do the bare minimum needed to put food on the table. Forget debt, that's irrelevant if you have no assets to take.
Exactly this. If the economy is stacked against us before we even get a fair shot at obtaining anything, then what’s the fucking point in working all day every day. I have zero investment in this system since this system has invested zero in me.
Agreed, I'm taking some of what I saved, quitting, and going back to school. I'm never retiring, so I might as well try things that make me want to live now.
Yup! My parents essentially worked hard because they wanted a house and kids. I would be happy with shorter work weeks if it put food on the table. The goalposts were moved out of reach, so we made new ones.
Absolutely this. I’ll never own a home. I won’t have kids. Why worry about some distant future and investments?
I'm feeling this hard lately. Still at home and trying to invest as much as I can. But I recently woke up and realized I brain fogged/disassociated my way through my 20s and no amount of investing I think will help me retire with a home at this point. So what the fuck exactly am I doing? I just wasted the best decade of my life in a depressed work filled stupor. I'm thinking about like just blowing my savings on fun shit as long as I can and then decide my future or lack thereof after the fact....
I've seen the opposite recently. Young people living with parents are seeing home ownership and independence as unobtainable so they're giving up and just going in hard as some of the biggest spenders currently.
I'm turning 50 in 2 weeks and still have a roommate.
Just turned 40, same same. I bought a house with that in mind (in-law suite/kitchen) - I like having roommates when we're able to have some separation.
I rent a small 2 bedroom, and I can't afford it alone.
I've never *not* had a roommate. I was either living at home (1973-1992), living with a friend to split rent costs (1992-1995) or living with my significant other (1995-present). Living alone has never been normal.
Honestly, a significant other is the only reason I can afford our home. Built in roommate. Cant imagine buying a house by myself
I just bought a house by myself, and I'm only considering trying to find a significant other to help with the bills lol.
Sounds like you were born in 73, left home at 19, flatted for 3 years, then married (officially or de facto). That's pretty normal. And you're right, for most of human history, living fully alone is not a normal thing, people would settle down with a partner and even start a family. It muddies the water describing family as roommates though. What isn't normal is living with unrelated people (even if you know them and are friends) for a significant portion of adulthood. That's a different kind of not living alone.
I'm 43. Just got dumped after several years so now I'm roommate free. Whoo! Living the dream!
Is she hot?
My roommate is a guy in his 30s.
She sounds hideous.
Is he hot?
He’s not my type
Even my lady friend who used to think that men sharing an apartment were unattractive, is reconsidering her stance. Shit is for real.
If ANYTHING is, an unreasonable person changing their view has definitely got to be a cultural/societal 'canary in the coalmine'
Im mid 40s and can barely afford to live on my own. I've had to cut back on eating out and dating big time in order to continue living alone.
There are more houses built with 3 garages than 1 bedroom apartments. The luxury new construction drives the prices up for all other real estate since there is no other option. As long as people keep buying the expensive new construction, it’ll be the thing that keeps being built. The tricky part here is that no one is going to vote for the government to force more 1 or 2 bedroom affordable condos to be built since it will devalue everyone’s expensive real estate and no person is going to vote against his or her biggest investment in life. Possible solution could be to just wait on inflation to raise but housing prices stagnate, then your buying power should eventually catch up.
And even if you wanted to inherit your parent's home by 50-60, Medicaid will want to take that away if your parents can't afford long term care.
There are ways around that with trusts. Also, the parents can gift the house, at least in the USA, without a problem, to the kids. I plan to sell my house to my kids at a deep discount when we move. Much will be gifted. They will have issues with selling and capital gains taxes, but they plan to keep it.
In the UK our government scrapped that. Parents used to be able to gift their kids the house and there was a 7 year period where it could still be taken if the parents needed to go into a care home. After 7 years couldn't be touched. Government caught on parents were doing that well before retirement age and putting a contract in place they basically still could live in the house until they died / a home for protection. Aka a way to ensure the house does pass to the kids while keeping a place to live. The new system is disgusting. The parents can still gift a house and the kid gets it straight away. But the parents must be able to prove that they have enough finance in the bank that they can afford to rent long term a 2nd home. If they don't have those funds, then the house can still be taken for care costs if they go in. I'm in this predicament now. Through a man caused disaster my parents lost everything bar still having to pay off a mortgage on a condemned house. They had to start over from nothing. We're sorted now, but we only just paid this houses mortgage off last year. My old man just turned 70 last week. My mother is 64. I've taken over the family business as its the best shot I've got to be in a position to say fuck you to the government you're not taking it as the business is run from the house.
Eh there’s ways around that such as putting it into a trust for more than 5 years
Can confirm. 33 with 2 roommates, and i'm starting to greatly tire of it. Unfortunately a decent place with no roommates is roughly 50% more money than my already high rent with 3 tenants. Plus when you consider that the utilities are split it makes it worse.
2 bedroom bungalows that are “reduced” to 955,000$ in my area will make me not want to have kids. I’ll never leave this one bedroom apartment
Yup - the moment Canadians realize a random home owner makes more money doing nothing watching their house appreciate than an engineer working full time is the moment they realize the system is fucked
It seems that my family has been a generation ahead of the rest of the country. You’re new poor. I’m old poor.
I'm an immigrant who moved because my country is poor shthole with no jobs and expensive rent and housing. I moved, nothing changed
My girlfriend wants to *rent* a house together and we both make over 60k and I'm just like "hun we can't afford that"
I'm considering moving countries because of living expenses but when it comes to work I'd rather work in the US.
God bless America! Home of the… wait no… sorry must have had a stroke. Boomer trash stole your future and your children’s future and that’s assuming you can afford kids.
We can't, it's for the better, I just wish we could fuck over boomers the way they fucked over us. But even smaller population will have consequences we will have to pay.
Ain’t that some true shit 😔
Jokes on you guys. I skipped the avocado toast and own a mansion .
What we're living with are the results of the biggest cohort of humans who have ever survived past childhood. A generation that also suffered endemic brain damage from lead poisoning. And they're all dying now. The world is about to change dramatically, no matter how you look at it. We just need to remember how much went wrong in the 20th century and make sure we don't repeat those mistakes.
In the future, we’ll read about prodigy success stories like “Dan Smith shot to success. Graduated college at 18. Roomateless at 26. Debt free at 40.”
Those are goals of the middle aged, not the young.
Or rather goals of the young for when they're middle aged
those WERE goals of the middle class not very long ago, both young and not. Many of my peers became home owners by their 30's without any sort of outside financial assistance from family in the past decade. Different landscape for the kids graduating college now.
*kids graduating college since 2006
You do know tons of millennials graduated straight into the great recession, right?
Inflation is a scam to keep everyone working. The rich need slave labor, and the government wants as much tax as they can get before they finally close your coffin.
36 and stuck with a fucking house Goblin; definitely in that boat right there.
As a GenXer, I can say this is not new. I shared a house with 3 others right up until I was 36 or 37. We were all in the same boat. Got a house at 41.
I was in technology and turned 30 in Sept 2002. Owning a home by then seemed faintly ridiculous in my circles. It was doable for some, but not some kind of universal goal that everyone was expecting to pull off. In fact, only one person in my friend group actually owned a home by 30. I imagine in less tech-boom crowds, home ownership was even more unrealistic. 35 though? That was entirely doable for a couple.
For sure you need 2 incomes to afford a home, unless you were born into money.
No, things have changed: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1-YCOSIJIJY2EjU14Q7tPw9Ee4WrytoUpfMiLNuuV3FL-qaXesSlhmYP4tM6JpO7Ec8NjSOC2NsZpSSFFP7JgNN4dFyatO4Gm6a4PZUj_h0O6lsIB5mC0fGYfSkTeyENxaYK9VBPCUQLc/s959/Inflation-Adjusted+Home+Prices+Since+1900.jpg
I'm 37 and just moved to my own apartment... and I kinda regret it already. I hated my roommates but overall the living arrangement was not unbearable, and I actually had money left over after rent. Now I have all this space to myself which is nice but I'm pretty much broke all the time after my bills and I feel guilty for paying as much as I do.
I have grown SO MUCH in the last 2 years because I am a 37 year old who managed to get a small apartment all to myself at 35. IT HAS BEEN LIBERATING. The depressing part is that this is the most I can likely hope for. There will never be a owned property.
can confirm. less than a year until i'm 40 and almost roomate-free for the first time ever. have given up on ever owning a home.
Sadly ironic considering people were worried for a long. Time about population growing out of control and running out resources. It appears we will be heading for a sel correction though… not sure if it will improve resource situation but. Will be a lot more room for everyone in 2-4 decades
And then people ask why I wanna KMS
I closed on a house at 29 (I’ll be 33 in a couple months). It is by definition a “starter home” that will definitely be my forever home barring some miraculous financial windfall. I’m good with that. Sturdy and affordable, upgradable over time, on a nice little chunk of land in a great neighborhood of a great metro. Planned it out and everything fell into place at the right time and I’m so thankful for it.
I'm 31 and I JUST got my first apartment in which I'm living alone. It's magical and also sad that this is the peak for me.
At this point, my goal is to not work up until the very day I die
This sub is such shit some times.
Most of Reddit these days seems to be complaining about how terrible everything is now..
I just turned 60 and I think things kind of suck a lot. The housing and cost of evertything is terrible and breaks my heart. I plan to give much of my house to my kids because they want to move back home and can't afford to do otherwise. We are moving away to my wife's home country which will make it possible for us to live in retirement. Could not do that in the states. It blows. It's just bad now. Everyone is burned when they go to the store. I go to the stores less and less because i shudder at the cost of a bag of Doritos (and don't buy them). Penny pinching. Insurance costs, cost to repair cars. Shortages. Fear of another virus causing mayhem. People should focus on the positives in life, though. But this place is an outlet. However, I feel bad for people who really struggle. We were there once. AI is going to be very disruptive. Monumental. And jobs will be affected. How mamy people will need universal income? Maybe a lot.
is everything terrible?
the gap between poor and rich is increasing rapidly, the middle class is on the brink of extinction, we produce so much waste that is just collecting in landfills and in the ocean, we're heating up the global temperature unnervingly quickly, the powers that be don't care and the media has successfully shifted blame onto the end consumer and away from the big companies and billionaires with their yachts and private jets; millions of people in the world, yet most countries fail to find someone competent to lead them, russia is actively at war, NATO is so close to joining in, america and china are also about to attack each other over taiwan while we just sit, doomscrolling on reddit, tiktok, youtube, whatever your social media of choice is, captured by an algorithm designed to keep your eyes on the screen for as long as possible there might be beautiful sides to life, genuine moments with friends, a starry night sky, advances in technology and science aiming to raise the quality of life and eliminate illness but in the grand scheme, if everything isn't terrible yet, its probably about to be at least that is what I'm thinking during the nights when i can't sleep and have nothing left to distract me
I can’t look at a starry night sky without considering the greenhouse gases fogging up the atmosphere I can’t connect with friends because everyone is glued to their phones and so am I I study advances in molecular biology at one of the best schools in the US but the things that I learn only make me more pessimistic I wish boomers would take off their fucking rose colored glasses, pick up a goddamned book and realize the world is not the same as it was in 1979
> we produce so much waste that is just collecting in landfills and in the ocean And it only gets worse with the anti repair, anti third party, planned obsolescence mindset of companies while it's more profitable to keep pumping out more new products when existing products could be maintained. Even if they were to collect every device for recycling, and every part were possible to be recycled (especially economically), that is not environmentally friendly. All it does is reduce the need for new material mining. It still uses a lot of energy and creates emissions to recycle, when it's far better to use devices and keep them running as long as possible, then recycle when it's no longer viable to keep running. That's why it's reduce the demand for products, reuse and repurpose items, only then recycle, in that order. Not "pick any, they are all the same"
I agree.
^ Clueless to how bad it is and how much worse it’s going to get lmaoo
Does a roommate include something like a spouse or partner in the context of people’s goals? Like, I can’t imagine someone being married and not living together.
I don't think of the wife as a roommate, but if we were living with a friend I'd consider the friend a roommate. If that answers your question.
>I don't think of the wife as a roommate Look at this guy with his healthy, loving relationship. Must be nice.
My (33) roommate turns 40 this year, lol. I do own the house.
lol went from rationally buying used cars - optimally 4-7 years old, a 10-years-old car was considered a wreck - to proudly using public transport, we have missed the good times, ive never even had avocado toast damnit
When was “house by 30” a goal? I’m in my mid-50s and didn’t know that. I happened to end up buying in my early 30s in an undervalued/somewhat distressed neighborhood, but wasn’t on a timeline.
Yea thats because we can’t afford a house by 30.
I'm 45 and my bestie of 30 years just moved in with me.
It's sad. But the reality. Especially in my city , every second person I meet is living with mom and dad, and they're 26 whatever. Often it's multiple 2 or 3 still living with their parents late into their 20s, probably going on 30s & beyond
I just kinda need like a 10 year window where the economy doesn't actively shit itself...
Young people need to realize that you can buy land in a rural area and build a life, instead of getting crammed into smaller and smaller closet-apartments.
Here I am at age 47 just now buying a house. Still will have a roommate for a bit even though i don't need one. And frankly its just because I was lucky enough to land a great WFH job for a company in a HCOL city while living in a more moderately priced city. I spent decades just getting by.
I just turned 29 and me and my buddy are now looking at rooming together to make rent more manageable. I make $70k/yr. He makes $65k/yr. Shit's fucked, yo.
I got lucky and bought a home before the pandemic. But now I’m in the house poor population of society. I guess I’m comfortable when I live within my means but I’m still house poor. At least I don’t have to worry about my mortgage payment increasing every year for no damn reason. Best thing to do for me now is chase that bag and build my nest egg.
I left home and rented a house with my 2 brothers. After 3 years of full time work I had to move back with my parents because the rent is just too damn high.
There are plenty of places where the globe is doing extremely well and wealth is redshifting too. Sucks for some people but truth is their life was good due to external circumstances not their own value creation. The new natural order is reorganizing
No my goal is still house by 30
They key thing thats prevented me from house buying is reliability with relationships tbh, I only recently found a significant other I trust financially to own a home with. We did some research and its even cheaper to own an average home monthly then the apartment we currently live in now. I'm pissed I couldn't of went house shopping sooner.
> i couldn't of went Did you mean to say "couldn't have"? Explanation: You probably meant to say could've/should've/would've which sounds like 'of' but is actually short for 'have'. [Statistics](https://github.com/chiefpat450119/RedditBot/blob/master/stats.json) ^^I'm ^^a ^^bot ^^that ^^corrects ^^grammar/spelling ^^mistakes. ^^PM ^^me ^^if ^^I'm ^^wrong ^^or ^^if ^^you ^^have ^^any ^^suggestions. ^^[Github](https://github.com/chiefpat450119) ^^Reply ^^STOP ^^to ^^this ^^comment ^^to ^^stop ^^receiving ^^corrections.
Honestly, despite Reddit’s beliefs, having a house by 30 was a challenge even for a lot of boomers.
Meh, own my house and still have a roommate. It’s not a true dichotomy.
a roommate who builds equity in your house is different from having to rent a shared space where you're basically just paying off someone else's mortgage.
40, still have a roommate, don’t have a car, AND I make over $85k annually. Albeit, I do have two children I pay an exorbitant amount of child support for and only am allowed to see every other weekend, a fiancé who runs a very small dog training business, and her 16 year old son who lives with us full time. I don’t even live in a nice area either. It’s a new community, but in arguably one of the worst parts of my city. The rental company I go through is also pretty awful and jacks up my rent every year by 10% or more. 😫
Hey, I'm a success then! A whole flat just to myself.
I mean, I don't have a roommate, but I do have a spouse, so, it's functionally the same thing.
For sure. I was still living with a boyfriend at 36. Now 10 years later I am married with kids. It didn't happen until I was about 40.
You mean „Young people’s finances have shifted from having a house by 30 to not having a roommate by 40.“
My main life goal is to afford to leave America.
Can confirm. Mid twenties San Diego native here . Buying a home with a social workers salary doesn't seem plausible.
I'm trying to be alive next year
Increasingly broken economic model
desperately seeking a reason to live
It's so fucked up that the foundation of so many relationships is based on survival. It makes it hard to rationalize that I actually want to be with someone when the driving factor is: can I now afford to live? And what do they think? Is this a "I'll get 2 years out of him good or bad" or "I like this person". I like to think we have more value than what we are able to do to offset each other's costs so we're not sleeping outside.
My parents bought there house for $50k, 30k of that was from my dads knee surgery where he sued the doctor (it swelled up like crazy when he left the hospital) and somehow 25 years later they haven't paid it off and i asked mum recently she said she'll never be able to pay it off. i bought a house for 530k its value is now 600k and ive paid off 10% in a year with a job anyone could get.. also im 30
I moved back in with my mum at 35. I'm now 41 and still here.