Housing prices haven't returned to their pre-crash highs, but they've recovered quite a bit. Roughly speaking, they're about 80-100 percent higher than they were in 2000.
And how have millennials done since then? According to census data, the median 25-34 year old earned about $35,000 in 2000. The median 25-34 year old household earned $61,000.
In 2014, adjusted for inflation, median millennial income was down to $31,000. Median household income was down to $54,000.
In other words, millennial income is down about 10 percent while house prices are up 80-100 percent. Just in the past four years alone, housing prices are up by a third. This makes things a lot more comprehensible: millennials just can't afford the housing market these days. Unlike boomers and some Xers, they don't have an existing house that's appreciated, which helps offset the cost of a new house.
Dude, try living in Vancouver you think its bad now? Oh man just fucking wait.
Kevin Wood
This isn't even an exaggeration. Talk to any old person and they'll tell you how cheap it was.
Literally anyone could buy a house back in the day.
I bought a brand new car in 2009 for $30,000. That same exact car today is literally selling for $60,000. I don't know what the fuck is going on or why no one is talking about it.
John Ortiz
Blackstone.
Dylan Perry
The world is a man on fire pretending he's in a lake. We're all fucked.
Jayden Powell
My old man bought a house for $28k in 2001. 28-fucking-grand. He sold it for ~$200k in 2006. I could literally buy a $28k house outright at the this moment. No loan, no banks, cash payment upfront. I can't even afford the deposit on a house at current prices though. Shit's fucked so I bought a bus and I'm kitting it out as a motor home. My old man wants to travel, so I give him the bus, he gives me his house.
Samuel Sullivan
;)
Brody Lewis
Globalism, friend, and the hyperinflation of a dying superpower. American pricing is becoming like that of a 3rd world country, where food is cheap and everything else will bankrupt you.
Jacob Robinson
inheritance is degeneracy desu
inherit land: fixed for life don't inherit land: slave for life
Jeremiah Jenkins
That's a pretty sweet deal. Good for you bro.
John Morris
I could never afford a house anyway. So not much has changed.
James Wilson
What the fuck kind of car and where do you live? I just bought a truck with 11K miles for almost $30K and a decent house in PA is a little over $110. Do you live in a major city, especially near the coast? If so then nobody feels bad for you
Caleb Nguyen
>j-just live in a shithole in the middle of nowhere like me K E K E K
Benjamin Carter
>If everyone just moved to my shit hole state everyone could live cheaper!
Like 80-90% of the country lives within 100 miles of the coast
Leo Robinson
Yes, and they bitch about everything >Waaah I want everything >I can't afford it so please gibsmedat >Don't tell me to settle for something reasonable
Do the stats in OP's post take locations into account? Things are still affordable in many places but you don't consider that an option. This is why everyone hates you
Blake Rivera
I bought my own house with my own money. I'm 24
Get a job you bums
John Stewart
...
Jace Mitchell
not everyone is smart enough to get a job that good. back in the day you didn't have to be smart
Brayden Rivera
>Like 80-90% of the country lives within 100 miles of the coast
This is the problem. The rest of the country will NEVER improve if people don't live there and develop it.
Instead, people keep moving out to the cities.
Unfortunately, all that means is that property in coastal areas continues to get more and more expensive, and our government refuses to let the market punish people trying to live unrealistically.
There is no good reason for instance, why minimum wage in cities should be set differently from minimum wage in flyover states, except for the fact that there is a huge, artificial bubble being propped up by welfare subsidization keeping people in coastal cities.
Remove the incentive to live in the giant cities, and people will have to develop elsewhere. This will bring money to other regions of the USA and let them develop, which will synergistically affect other regions as well.
Not only that, but it addresses the effect of diminishing returns on highly-developed areas too, allowing us to raise the floor on wages for the whole nation.
Jacob Morris
>be lazy >complain you don't have things Cool
Jacob Nelson
>still affordable in many places >places with no women >places with shitty economy >places with nothing to do >places with fat genetically deficient population >places with shitty schools >places with depressing, soul sucking towns >places with meth
Yes thank you Cletus
Wyatt Lopez
>I want my cake and I want to eat it too Enjoy being that cucked millenial that has nothing but wants everything. You don't think most people from other generations settled? What makes you the breakout star that doesn't have to play by the rules? Once again this is why everyone hates you.
Logan Williams
This is the reality of our economy.
Coastal cities are in a bubble state right now, and will collapse soon, as property prices people out even harder.
You can either get out sooner, or you can continue to rent and have your waged constantly, permanently depressed for no long-term gain and cry about being in "Generation Fucked".
Alexander Fisher
>Everyone who didn't get lucky like me is just lazy
James Thompson
Around 2000 the United States was booming after the collapse of the Soviet Union. We were born during boom times. Things just aren't as easy anymore
Asher Thompson
>>places with no women This is big. The last woman I saw in my age range, was addicted to meth. that was around two years ago. The USA is an old and dying nation, there are no young people. Because of that, and the drain that the older generations have on the country, young people are completely fucked as slaves for them. Wait ten more years, and boomers will pass a law saying all breast milk has to go for them since they cant chew, the babies can eat steak.
I make 23k as a retail manager in a shitty chain in the southern USA. I cant afford to pay rent for a place to live, on top of having a mandatory vehicle for commute, and water/electrical, food. Forget about buying a house. At 23 I cant afford to even more out from the apartment my parents live in.
Blake White
You're 23 and working in a dead-end teenager tier job.
Nobody expects you to be able to buy a house on what you make now.
Work hard at improving your station and upgrade.
Also:
>parents live in the south >don't own property
You poor, poor soul. You must come from the poorest of poor trash.
Hunter Foster
there are no good jobs left
>Graduate with physics PhD, 31, fell to his death from block of flats after taking job in call centre he was over-qualified for
every city is in a bubble, get real. Even bumfuck nowhere Tennessee, you're looking at 600 bucks for an apartment. If you want to live in Knoxville or Nashville, you're gonna have to shell out 800 bucks just for the rent.
teenagers aren't managing dollar stores. As for owning property, yeah no shit I'd be doing better if someone gave me free shit. I'm not even looking for a house just a god damn place.
William Sanders
we already knew this
elimination of the middle class
boomers shitting on millenials for not achieving milestones like buying a house, settling down or even getting a job when they absolutely desolated culture and opportunities where this isn't possible anymore
Who the hell says that shit? Are you the supreme ancap gentleman? What are your fucking accomplishments?
Jayden Robinson
I hate it when americans complain about housing or gas prices Try living in a bigger western europe city with mass immigration that gets housing paid by your money and increases further the price of housing. Buying a house here in Vienna costs more than one million € If you buy a car then 36-50% of the price are taxes alone. And we make less money.
Lucas Powell
Median discounts outliers like yourself.
Levi Wood
earlier this year i was renting with 5 friends and now i am dorming with 7
Jacob Jones
owning property is overrated
Nathaniel Robinson
I'm a high school dropout and can afford a house. I do a labor job and work with illegal mexicans. Fuck off
Jackson Fisher
Interest rates were also over 20% back in our parents day. The Jews at the fed like Obama's cunt buddy Yellen are refusing to up the rates which are needed to create an actual turnaround. I bet she ups the rates when Trump takes over just so Dems can blame him for fucking up the economy. Even though it's the true bandaid that needs to be yanked off for real recovery.
Lucas King
>rent lol way to be a modern day serf and fattening up your landlord
Alexander Barnes
"""afford""" the minimum repayments in shitsville lel
Kayden Collins
>waa I want that new car >waa I want to go clubbing every weekend >waa I wanna go to festivals >waa I waa smoke pot and take pills >waa im on the dole >I wanna go on holidays >arts degree
>why cant I afford a fully furnished house like my parents house which took them 30 years to build up to.
Hunter Hughes
Maybe he should have done some research into job prospects before he went and took out loans for a degree where there are no jobs. I made the same mistake, but decided not to pursue a graduate degree, because of a lack of good prospects, and went into teaching.
My local city has apartments under $500 a month in decent areas. Sucks to be you.
Also, teenagers TOTALLY get management positions. If you work at 16, it is totally possible for you to make manager by 18 or 19. I have friends who did just that when they were in college.
This nation needs teachers. You can get nearly $15 an hour doing ANY teaching job anywhere in the nation. Quit thinking you're too good to do hard work. I don't even have a lot of money or any investments. But it's trivial to afford a modest house on a teacher's salary almost anywhere in the country aside from giant degenerate coastal hive cities.
Aaron Barnes
Median wage is probably brought down by all the entitled millennials who refuse to get a job that's "beneath" them. Oh and also the $200k debt the millenial carries from his art degree and his year traveling will hit that average pretty hard too.
My son bought a house at 23, same age as I did. He's 29 and has about 100k equity in it I bet. Maybe if you all didn't wait around for the "perfect job" that let you "express yourself" and actually got your hands dirty, then you'd be fine.
Christopher Gonzalez
yeh uh i get welfare something my parents never did which pays rent 4x over
Charles Perez
Apparently you've never talked to any old people. They could literally work part time, afford a house, and pay for college. You don't know what the fuck you're talking about.
Ryan Phillips
>My local city has apartments under $500 a month in decent areas. Sucks to be you. what city is this.
Connor Cruz
>motherjones
Into the trash this goes. Millennials aren't buying homes because they are afraid of commitment. They are perpetual renters because they always want to "move" and "travel" and live where the action is. They aren't willing to move to where houses cost 50k with a 5k down payment because it's "nowhere." They want a home in the city they cannot afford because they haven't reached their mid 30s when they actually start making real money in a career (assuming they have a real skill).
Most of these places that are "nowhere" aren't that bad. Plenty of cheap places in Texas and there are real jobs and real economies in Texas. Same in California, you can live in the central valley in places like Fresno and find a home for 50-80k and still find real work.
>the drain that the older generations have on the country
I'm tired of this meme. So you think someone working the same career or industry for 30+ years shouldn't have a higher position and pay then some millennial new to the career? That is the way it is and has always been. Millennials need to work their way up if they want anything, but instead they want everything now. Part of this is because this generation is so brainwashed with socialism they think anything "old" is bad and just because they are young they can do better than older co-workers.
>I make 23k as a retail manager in a shitty chain in the southern USA.
That's your fault. You didn't go to college to get a degree or learn a trade to make more money. Instead you settled with some wagecuck minimum wage job and since you stuck around instead of moving on, you became the manager of your shit store and now have to babysit high school kids, college students, and retards.
David Price
Alright I'll bite. What did you go to school for and what are you currently doing?
Xavier Robinson
>millenial meme
How's it feel being part of the generation that has overseen the largest accumulation of debt in human history?
How's it feel being part of the generation that sold your heritage down river for Jamaracus and Pedro's equality?
How's it feel being part of the generation that literally invented cuckoldry?
Kill yourself old fuck
Lincoln Edwards
I know the teacher situation in Britain is bad too.
I can't do it though. Working with shitbag kids and teenagers would be stressful as hell, not to mention immediately being profiled as a pedo simply for being a man. Fuck. That.
Jacob Johnson
>cheap apartments >university >community college >multiple schools to send your children >hour's drive away from a larger city with decent shopping options >super-cheap property just outside city limits
>I'm tired of this meme. So you think someone working the same career or industry for 30+ years shouldn't have a higher position and pay then some millennial new to the career? no, they should get that money from actually working. Medicare/Medicaid, and social security payments are nigger tier welfare, they should get none of it. If they want to live for free, they can move in with their kids. If they didn't contribute to the US workforce by creating more children and instead chose to have fun buying useless shit, there is no reason for the children of OTHER PEOPLE that spend their own money raising children, should also pay for the retirement programs of the childless. maybe they should have had some fiscal responsibility and saved for it rather than living off the government tit in their old age.
Julian Phillips
You can literally get a 4 bedroom 1 bath house in my town for $25,000.
Elijah Price
Stupid parents didn't invest for their kids Stupid kids chose a stupid career path Stupid everyone only consume, never invest
So with boomers as parents, millenials as kids and materialism as the dominant ideology you get... losers who keep complaining about something they brought upon themselves.
Those who don't have stupid parents and didn't choose a stupid career path and invest instead of buy dumb stuff are still doing fine. The """system""" isn't fucked up, it's the same as it as always been and can not change, it's just that we have a strong influx of dumb people due to increased quality of life and long period of peace in the west.
Daniel Young
>Physics >PhD
Physics is a STEM degree and a noble subject to study. It's also a major with very few job prospects outside of Academia and difficult private sector fields. Also getting a PhD is a waste of money unless you want to settle into the easy life of a professor because you can't do anything else.
Caleb Sanders
>implying I did that
I bet you blame the guy at the bagel shop for Soros's shit.
Mason Hill
Careers have tracks and progression.
Not only that, but 30 years of experience is a valuable resource to have, and that merits its own increase in pay.
I'll tell you right now as a teacher: The people who've been teaching for 30 years? The dinosaurs? Those people have mastered the profession and make it look easy. Their advice is invaluable and I wouldn't have made it as far as I have without their support and advice.
Luis Bell
>I don't know what the fuck is going on or why no one is talking about it.
Uhhh people have been talking about it. It's the rampant inflation Obama has been orchestrating.
Zachary Ward
A 3 bedroom house in the country. Enjoy your cuck dorm you fucking faggot.
Mason Thompson
are there niggers?
Samuel Johnson
I know people here who work casual and can afford a house. I know people on 15$ an hour (less than minimum wage here) who own a house.
I also know people who will go to cafe's for a 10$ coffee twice daily, buy nothing but top brand designer clothes, will always eat out at overpriced restaurants, buy the latest and greatest smart phone out there. and all this other shit, then complain about not having money.
maybe if you entitled cunts went without youd have more money. your parents/ grandparents could afford it because they didnt spend endless amounts of cash on drug fueled weekends, mobile phones, netflix, nice and expensive first cars, ps4 and xbox games, and other pointless shit. seriously cut down on half your useless shit and youll have money.
Anthony Miller
most teachers are cucks who should be gassed and would starve on the street without a taxpayer funded job
Josiah Carter
Well since you want to speak in generalities, your generation did that. You have no room to talk about millenials faggot. Thanks for indoctrinating my generation with your faggot-nigger loving propaganda.
Christopher Brown
>tfw millenial >tfw appartment owner >tfw car owner Why is this so hard for people? Just work for a couple years while saving most of what you make and you won't believe the shit you can afford. What do these people spend their money on?
Jose Richardson
I'm not moving to whatever shithole you live in :-)
Robert Garcia
there is only one apartment listed there for the price he stated, and you need to mail them to check availability. Its also 93% Mexican in robstown texas.
Matthew Rogers
This is America, of course there's black people, and there's tons of hispanics. It's the SOUTH.
But where are you going to encounter those people? Well? You don't WALK in the south. There's no public transportation. Those people keep to their own.
If that's your opinion, maybe you should go into the field to change that. Teachers being cucks reflects the overall state of young college grads, since most teachers are either ancient or are fresh out of college. If you want to have influence on society, you need to be willing to take the time to improve society.
John Parker
>Tfw black, 23yo, and making 100k as an engineer You're disappointing your ancestors white bois.
Christopher Davis
thanks. have fun working while i bang the girls in my dorm.
Juan Rivera
>Median wage is probably brought down by all the entitled millennials
>probably >entitled
you have no idea what you are talking about. You're just ignorant and blind to what your generation did to this world, the generation that has to deal with the clean up isn't entitled or lazy, or afraid to get their hands dirty, they are experiencing the consequences of retarded old fucks like yourself.
Adrian Howard
As an engineering teacher, I salute you.
Still, engineering may become the new meme degree, because of the large push to bring it to high school.
Austin Morris
you didnt earn it. its just because your black. dont speak again.
Leo Evans
>Why is this so hard for people? Just work for a couple years while saving most of what you make and you won't believe the shit you can afford. What do these people spend their money on?
Because materialism is an expensive ideology even to those who don't actually know they believe in it. Also thanks to the welfare state you can always hope that if you waste all your money, the state will steal someone's money to help you so many people try their chance like that.
Noah Evans
t. lying faggot trying to get (you)s
heres one on the house
Jackson Bailey
>The boomers made us fags! >The j-j-jews tricked us into being cucks! >The white man stole our knowledge! We was kangz!
Grow up and stop blaming other faceless entities for the fact that you're 25 making the salary of a high schooler.
John Butler
This 4 bedroom 1 bathroom house you can get in my town for $25,000
>your parents/ grandparents could afford it because they didnt spend endless amounts of cash on drug fueled weekends, mobile phones, netflix, nice and expensive first cars, ps4 and xbox games, and other pointless shit.
No... they could afford it because the US dollar was worth more and houses were less expensive. You have no idea what it was like in America then, if mobile phones, ps4s, the internet existed back then people would still use that shit, it's not that their work ethic was some how better so they had better lives, like obviously so. the fucking ECONOMY was better.
Mason Collins
Did you help your wife's son buy the house?
Michael Hughes
I'm sure you meritoriously earned your job and do very very important work.
Parker Peterson
This. You have no money compared to my gen because we fixed our own cars, cooked our own food, didn't have $500 phones, games systems, and computers, and didn't live in hip neighborhoods or cities.
If you do or have any of the above and you're whining about money then you seriously need to reevaluate your life.
William Stewart
In my country its because this place is so fucking small, most people live in fucking tiny houses that are 3 floor rather than a normal 2/3 floor house thats big roomed. Our housing market in the UK is fucked unless we literally kick all the foreigners buying our houses out
Logan Martin
Sorry mate, no idea what you're talking about. I guess the bottom line is, most millenials are lazy fucks who want all the things but aren't willing to work for them.
Charles Ross
>They could literally work part time, afford a house, and pay for college
No one, literally no one did this on part time work. First off, College was expensive back in the baby boomer days. That's why fewer Americans went to college. No gubmit buxs to go.
Homes were about the same price or less if you consider inflation
>muh baby boomers 28k house Is a 300k+ house today depending on the market. No baby boomer paid cash from part-time labor to buy a decent sized house. They didn't have enough cash and back then banks actually gave a shit and issued high interest loans to people with jobs and CREDIT (which part time laborers and young college kids did not have).
Also what part-time work are you referring to? Factories? Those were only in limited areas and you only worked those part-time if you were going to school, not to buy a house. You worked full time to buy a house with a wife who either did minor work or her father helped pay for a home.
Millennials like to bitch about how much cheaper it was then, and generally it was. But what millennials tend to not realize is that everything was cheaper because the government was much smaller and less intrusive.
The only boomer I know who bought a really nice house on part time labor in college, bought a house that was basically condemned and he spent free time fixing it up. After a few years he had a nice home, but no millennial would commit like that. They want a new home NOW.
Mason Ortiz
your own people are calling you out shill boy
tell me your monthly expenses and ill tell you how to improve
Wyatt Brooks
Thanks, I have sex too and I'm not surrounded by 6 other guys. You will grow out of that at around 23 or so.
Levi King
>take young and impressionable children >from kindergarten and onward indoctrinate them with fag nigger loving propaganda >somehow expect them to not turn into liberals
you just about summed up the decrepit nature of your generation better than I ever could have
>ha ha sorry 9 year old I fucked you over, shouldn't have been such a gullible sucker >that'll teach ya
only your generation could have become so selfish and evil by the WWII generation making so many sacrifices for their people, only for you to flush it all away for 3rd worlders.
Luis Sanchez
drugs and food and mobile????
thats like 30k a year inb4 just live off migoreng
Aaron Sanchez
...
Xavier Cook
Who gives a fuck, they only want more government, and more government is what caused the increase in the housing prices in the first place. Enjoy your dream coming true, faggots.
Hunter Reyes
I did this, and I only graduated 6 years ago.
Worked at a convenience store full-time. Roomed with a friend in a tiny house we rented. With the addition of the Pell Grant(and I don't think anyone can really say the Pell isn't a good thing), I was able to get through college without any loans and live comfortably.
Aaron Long
huh its a mixed dorm 6 girls 3 guys +i bring my fwbs over
Anthony Johnson
> just go out and give a firm handshake This is what boomers actually believe
Tyler Cooper
Aren't you also blaming a faceless entity? (millennials)
People like you (dumb old folks), just take this ridiculously condescending tone without understanding the situation at all, or the cause and effect that occurs on the world economically. Being told you had it easy is hard, so everyone else must be lazy entitled bitches that couldn't do what you had the courage and chops to. pussies.
Brayden Smith
Are they not adults who are themselves responsible for the content of their mind?
Blake Gray
It still works if you're white, from what I've seen.
Jaxson Lopez
It's utterly fucked.
I think it will actually be cheaper for me to study to become a builder and make my own house by hand at this rate. I work part time so I could probably do it, it would only take 2 years or something to make a decent house alone.
Jose Fisher
That sounds fucking awful. I'm happy you're happy.
Jason Bell
>about to be the only person in my group of friends to have a real job and move out at 24 >only other one with a real job was an accountant that got fired after the busy season
