Why is home ownership amongst millennials low?

Why is home ownership amongst millennials low?

dunno.... so much mysterious to me....

Because there are no houses left thanks to boomers

Why don't they buy cheap houses in all the bad neighborhoods and gentrifi it?

Because they spend all of their money on gadgets, tattoos, and useless vanity degrees, leaving them unable to afford anything more than an apartment with slightly more living space than a truck with a sleeper cab.

Lower real wages than the generation before them.

Crippling drug addictions.

Its always someone else's fault isnt it?

You kids are rubbish.

No Money.

All other explanations are bullshit.

stop posting

FPBP

>housing prices getting higher
>jobs require more and more academic credentials/qualification
>studies take a lot of time and money
>end up with a degree at 24
>job market is already full
>no money
>can only find a job in a large city
>ownershit of land/buildings in cities is the most expensive of all
Don't fall for the "hurr durr because dumb millenials buy phones" meme, there is much more than this to consider.

*TIPS FEDORA*

So much this.

Who are you fucking faggots who keep making these "Why aren't millenials X-ing" threads. Half of you probably aren't even over the age of 25

Because western children are stupid ingrates and thats why companies sponsor people like me with H1b visas

wages have not increased for the past 25 years and the job market is saturated. Young people simply don't have money and those who do have far too less to be able to afford to buy a house, pay taxes and appliances, pay for every day expenses, not to mention start a family

>Study
>Must take loan to study
>Loan is incredible high
>Prices for homes are high as fuck
>Cant take another credit because you have a high as fuck loan
>After you finish university you find a job
>And because of capitalism / boomers who demand years of experience you get not enough to pay your student loan + a new credit for a house

Easy explained

You expect them to take on a mortgage with tens of thousands in debt, which they can barely take care of?

Because niggers, and you only really want to do that when that movement is just starting, not before it starts or too late after.

That way you have protection from the niggers, and houses are still cheap.

That window period can be pretty narrow tho

TOO
FUCKING
EXPENSIVE

GAS THE BOOMERS

Its difficult. Housing that's affordable and big enough for a small family is too far away from good jobs. People living in the suburbs can spend like five hours commuting every day. So young urban professionals aren't having kids or buying homes. Retards are breeding like rats, and the well off can buy new homes from mom and dads money or just build a new one.

I'm lucky here. I have like five bedrooms to myself close to downtown on the family compound. Just waiting for the condo market to implode so i can convert a 2+ studios into something livable. Can't imagine living in one of those 30 m2 cuckboxes they sell to idiot speculators and loser foreigners.

So true man. Their requirements are so high.

>This
Do to an arrogant overexageration of their financial intelligent, boomers destroyed the economy for the next three generation.

>mfw I will kill boomers by the hundreds

...

Don't lie, Austria has EVERY condition to make it well off EASILY. Sorry your gender study degree is worthless, a STEM degree will get you in 2200€ Netto range easy without ANY previous experience - and that's in the Steiermark region! You can buy a house with just that, disregard the possibilities of two such wages as a couple.

Also, uni is free in AT.

>Dollar buys less
>Houses cost more
>See parents still paying off mortgage in their 70's
>Yards still have to be maintained
>Houses need to be maintained.
>Work hours increased, no time to do it yourself
>While renting, still paying less per month and everything is maintained by the landlord.

How does this stop millennials from moving to a small town where home prices are a couple bucks and living the American dream

Nobody told them to flock to the cities and play jew games. In fact EVERYONE told them to do the opposite

>everything is maintained by the landlord

Which is most likely boomer

A shithole flat that costed 20,000 10 years ago has now been inflated to 1,000,000 because the fedral government loves chinks laundering money


Gee when most people born here who are considered "well off" cant even buy a house without spending 30 years paying off a (((loan))) you tell me why the youngest active generation cant fucking afford one

In canada: Its 100% government corruption. If they kicked out those money laundering ChinkCommies who dont even live in the fucking house and ARENT EVEN CITIZENS then maybe JUST MAYBE a few of us could consider it

Employment is not in the countryside anymore, and the work fields that exist here are growing smaller.
Not that many go to larger cities because they want to.

if you own or partake in any of the following you are scum of the earth and only have yourselves to blame
netflix
tattoos
have a night out clubbing/ pub crawl at least once a week
smoking (weed or cigs)
alcohol addiction
taking any other drug
own an expensive phone
owning multiple apple products
paying more than $5000 for a first car
eating out more than twice a week
tv in your room
nice big loud sound system
owning multiple pairs of jeans all worth over $100
owning multiple pairs of shoes all worth over $100
having a gym membership and using it for running/ riding
have an attitude of ''if im getting paid fuck all im going to put in fuck all effort''
paying to see movies
paying for music
going to festivals
travelling
buying a new car
going on lots of dates with sluts trying to get a fuck because your a desperate loser
going out for coffee when you can have one at home
only buying expensive food products when there are cheaper options available
paying to go to sporting events
paying for any form of media or entertainment
moving out of home when you still work some shitty job while attending university/ college
living paycheque to paycheque.

if you fit into anything above you are not allowed to btich about being broke

>housing prices getting higher

literally just this

when a shitty house costs 2 million fucking dollars most of anyone cant afford to fucking buy

(((loans)))

gee i wonder who could ultimately be behind this fuckup...

>
3

Lmao the only thing I have there is a pair of shoes that are 200.

Im poor cause I spend all my money on guns and fuel

Oh bullshit

you can move to a small town in Colorado grow some weed and live like its 1950

Instead people move to Denver. They move to cities because they want to.

We live in a time where you can make money online from anywhere but people flock to the cities still.

>Wife inherited a mortgage
>Blew through savings paying it off
>I worked any shit job I could to feed the debt beast.
>made several grand on stock market buying low after 08 crash
>Spent it all on a truck and mortgage
Won't lie, I was barely scraping by at some point and got on "dem programs"
Felt good to eat and see a doctor, man.
Lived well within our means, no CATV,only Internet.

Paid off our house a year or two ago and am currently a wage slave saving up for home repairs and looking to rent, save, buy another property, repeat.

I work 12 hour days, 12 days a week and pay taxes so Pablo can send his kids to "international school" because he's too busy getting drunk to teach his kid English, math, or anything at all. So no, I don't feel bad about taking gov mint cheese.

Also, fuck green texting on mobile.

How the fuck is she sitting to have her legs and upper body like this? Is her midriff 2m??

>describes typical strayan

So strayans are scum of the earth, gotcha

The entry level housing market is gone, unless you want to live 2 hours from work.

Step 1 - Gas the boomers
Step 2 - Boycot diplomma mills
Step 3 - Bomb the big banks and destroy debt slavery
Step 4 - Create floating/flying houses so you don't have to pay gazilions to land owners.
Or move to Mars.

>being mad because he made the list of losers
not allowed to complain then

It doesn't stop them. There are plenty of jobs in small towns, well paying jobs too.

I was in investment banking. Part of the reason I quit was because I was sick and fucking tired of paying taxes that went to retirees. Their shit should come from the taxes they paid. Fuck the generational debt. Quit your jobs and let society collapse.

Honestly fuck Millennials the women want to move to the cities and play supergirl and fuck niggers the men follow them and then they complain when their lives are shit. We should just kill off the entire generation

I could start paying a mortgage, but I don't want the pressure.

I live at home at 30, which is pathetic, but both my dad and I are robots so it works out alright. I make 105,000 per year and most of it goes into the bank. To pay rent here would be 2,500-3000/mo for a decent place, and a shitty house is over 2 million. A reasonably nice house is 4-5 million in a neighborhood that isn't full of niggers.

I don't think I'll be in the housing market for another 5-10 years.

Remember that GFC thingy? Remember how they lent fuck tonnes of cash to people to buy houses and more houses and then some more houses? Well they're doing that again. Almost nothing changed.

Watch the movie "The Big Short" faggots. Then watch it again. Fucking torrent it if you have to.

Seriously it saddens me that pol knows nothing about the current state of economics.

You forgot to add "browsing/posting on Sup Forums"

This x1000. I did my fair share of it from 18-20, but had the good sense to stop, and NEVER spent money I didnt have.
Most of my friends now at 22 are in a perpetual cycle of debt and financial failure. I know girls who blow $500-$700 a MONTH on phone bills because they cant stop social media whoring.

Oh wow nevermind I'm retarded. What a qt though

Finance user here.
Has to do with shitty credit,excessive student debt, and it being cheaper to rent

>moving out of home when you still work some shitty job while attending university/ college
Cant be helped sometimes like in my case when i left at 16 because my parents were near murderous

i pirate all my media

i got my iphone 6 for $20 second handed. all it needed was a goddamned lock button which was about $5 and an hour of free time repairing it

Nice TV an early flatscreen. Again small problem power cord was fucked fixed it for about $10

Ford Interceptor car that cost about $3500. I fixed it up and maintain it myself.

I have a PC i built myself and next to my car probably the most expensive possession i have.
However my current job is in programming and this is used to make money. I upgraded it over about 3 years as i saved money

My point is you can have some nice things if youre willing to actually learn how to fix small problems yourself. Were conditioned to live in a throwaway manner where anything with minor defects has to be tossed out and replaced with a new one.

Fuck i used to make money on the side pulling laptops out of the literal trash cleaning them up applying about $10-50 worth of fixes and selling them for about 300-500$ depending on how "fast" they were

One of the biggest life redpills: Stop being lazy and learn to repair and maintain your own stuff.

The point im trying to make

Malthusian theory.

Because we care too much about getting the latest materialistic goods. Focusing less on God , family and country and more on personal material wealth and cute Facebook posts. We focus on making ourselves feel good at the expense of others no matter how hard we virtue signal or how much we swear that we are good. Not realizing that broadcasting our intents to do good for others defeats the purpose since it just makes us look good in the end , ergo we never did it for others , but only for ourselves. We "help" the modern person up just to elevate ourselves to a pedestal to say, "wow , look at me guys I'm helping". Please like my Facebook status full of vapid thought and egotistical projection. We care not for others , only for ourselves. We attempt to fool ourselves into thinking that what we are doing is for the betterment of society but just a little digging will reveal something much less precious. We attempt to broadcast our behavior as valuable so others may gratify it but it's truly as worthless and fools gold. This continues on from person to person because we are thirsty for attention. Whatever tragedy we can play off of , whatever righteous indignation we attempt to enterprise is all serving one purpose; elevating our own egotistical and social gain.

>I briefly dated a hair dresser once
>She had a giant walk in wardrobe waist high with boots and shoes and shit.
>Found out she had 70k credit card debt
>Fucking cyyyyaaa

Fuck if I know how I'll ever earn enough to buy a house, particularly with so many of the older generation buying a 2nd home as a holiday house or buying to rent to someone. Not to mention all the letting companies that buy up properties specifically to rent. And the average income being somewhere in the region of £25,000-£28,000 per year.
Even a small home costs upwards of £100,000

Where?

I got my bumping sound system free online. People give shit away free all the time. I paid 10k for a truck worth 17k.

I craft my own alcohol and pipe weed. My dog and I both have been worked to the bone. Sometimes it helps with the pain and allows much needed sleep.

Hope you pay your dad at least

Because somewhere, a nasty rich old man wants young people to suffer.

because all the women live in my house

that would come under the category I forgot to add
>using internet more than 1 hour a day for things non work/ study related

this its ok to go out and live a little when you hit 18 (or whatever age its legal to go to clubs in your own country) but if you spend more than what you have while doing this youre a retard and should not complain.

yes the college thing cant be helped in some situations, but im saying if it can and you still say ''nah fuck it I wanna live alone'' you deserve to be broke.
I like you, you fix your own stuff. very cool. and yea going about it they way you do is sensible.

ok yea I dont care if you get shit cheap or for free. the point im trying to make is if you are paying top money for this shit you cant complain about being broke. getting free shit is a bonus especially if your on a budget, but if youre on a budget and you pay $500 for speakers youre a retard

Those tattoos turned me off

She's actually cute

Immigration and trade deals. We were sold out

Waiting for a democratic socialist to come into office and grant them a free one.

>make 15/h, wife makes 15/h
>apply for home loan
>denied as high risk because young
>even have good payment history on previous car loans
>good credit

I blame the jews, personally.

Don't forget feminism.

The point of the cheese is to help you when you drop temporarily in the first place, and thus keep you contributing more in the future. It should really be a last resort, but people view it as just another method to survive over long periods of time instead.

buy property and rent it out then, you lazy fuck. JEW UP

Because we're poor due to entering adulthood during the shit-tier economy we're in right now. Many can't get a job because no experience, and they can't get experience because no job. So instead these people delay adulthood by going to college (and taking on enormous debts in addition to not being in the workforce for another 4-8 years) only to find that job hunting is just as shitty after graduating with a degree, and now you have all that debt.

Because housing prices are ridiculously high.

>tfw inherited a flat
>tfw will inherit 3 houses and a couple of flats together with my brother
>tfw greatgrandad stole a jewish factory and bought quite a bit of property
based nazi gramps set me up for life. why are your families so full of fail?

>not posting the real version

you are too young. 15 is what a decent job starts at. one of you should be making a salary if you want to buy.

>12 days a week
That's dedication

Have fun defending that from the Muslim hordes, cuck.

There are no houses to buy.

So many houses and land empty and unused, simply because people want profit.

They want obscene amounts of money for something they can't inherently own. It's quite frankly ridiculous and after you old fucks die, we'll make new and better rules.

Fuck all that then, I'll live in a barrel.

30/h total isn't enough to buy a house unless you are both under 20 and in jobs that are only going to get better.

Oh, you bet your ass i will. If i have to throw them under the bus by the dozen to help my family, so be it.

LMAO DUDE LOOK WT MY TATTOO.

>owning multiple apple products
hahaha

you mean apple who literally is so protected that they couldn't hack that terrorist in Californias phones, and wouldn't help

so what you want me to use Microsoft products that force you to update, and send all your data to the government?

Yea that would sure be redpilled of me

>own an expensive phone
If you dont want a
>GPS
>Music player
>the internet
>a gaming console
>an unlimited wealth of information and helpful apps
in your pocket, then you are a degenerate, I am almost never on my phone, I can leave it for days without charging it, but when I do need it, i am glad I have it. I know people who are constantly on their phones and THAT is degenerate. I dont text or use my phone in public unless it is absolutely necessary
>going to festivals
very degenerate, also its like being on another planet, fucking awesome
>paying for any form of media or entertainment
depends on what it is, I buy things that I support and pirate things that I want but dont want to support
>taking any other drug
drugs are degenerate when abused, when you understand and respect them and take the infrequently or almost never, they can be good, everyone is too plebian to do this though

If I can save enough I'll quit in 2 years. I'll either start my own business or trade full time and invest in real estate. The more I work, the less of a father I am.

My parents got fucked in the 2008 sub-prime mortgage crisis and now I have an instinctive aversion to debt. I don't have any credit cards either and only ever buy what I can afford. I don't understand the notion that you're "supposed" to own a home; I'm perfectly fine renting. Maybe I'm an extreme case, but I don't think I ever want to own a property.

I'm 28, 15/h in my area is really good.

Huge mansions sell here regularly for 250k-300k. I was just too dumb to become a nuclear engineer so I'm pretty much at the top of what the job market in my area provides for people at my skill level.

>How does this stop millennials from moving to a small town where home prices are a couple bucks

These places don't exist anymore you fuck

I work in IT which is basically the only sector that pays a livable wage here, and I still can't afford to take out a mortgage on a house.
All those people who got their soft degrees/ended up in unskilled labor are so massively fucked.

>implying boomers didn't have all of this

Every single time someone makes a thread about "millenials don't live like I want them to" for some reason it is accompanied by a picture of Soe...

I'd own a home if realitors weren't so fucking slimey, like holy shit slimey.

2009, market was low as dick alright?

I I'm looking for a house in the range of 40k to 90k.
>okay, well I'll send you some listings.
Thanks
>check listings, not a single house less than 200k.
Outright try another realitor.
Hey I'm looking for houses around 40k to 100k
>well how much money do you have?
I have 140k saved up, but I'm not looking to pay that much.
>Not a problem, I'll definitely send you over some listings we could work with.
>Not a single fucking listing less than 150k
These are not with my price range.
>Don't be silly, you have to take out a loan to by a house.
Fuck you.

Try another realtor, rinse and repeat. Still live with my parents by the way. Because I cannot simply justify ever giving a realtor a fucking penny. Fucking scum of the earth.

I'm a millennial and I own 4 properties personally. I think the insane student debt they're paying impedes their ability to buy homes.

My wife pays ~$1,000 a month in student loans. As do many of her peers.

40 years ago: 5 years and you buy a house.
now: 40 years and you buy a house.

>Small towns don't exist in America

OK

because boomers sell their houses to rich chinks for millions of dollars

funny thing is i consider my stuff in better working order than peoples near brand new shit

Best thing to do is check stuff over once in awhile to make sure no problems are developing.

It does make me rage though when i tell people about my stuff and theyre like "why dont you just work harder and buy a brand new one" (of the exact same damn phone they have for example)

I can work even a shit job and save a shit ton by not buying new shit every second

I think my granddad influenced me. he grew up under communism and they all used to live like that because it was a fuck of a lot easier to black market a few parts than to try and get a new car back in the USSR

hell just last week he was complaining because he couldnt find bedsprings and he wanted to fix his old mattress that hes probably had since he came here

>which is maintained by landlord

So you admit that most millennials have no idea how to do basic household repairs because they are lazy fucks.

What about inflation?
Is it even worse?

they do exist

its just the few jobs to be found there pay so shit that its like being in the city all over again

James, please fucking stop shitposting on Sup Forums.

Nobody cares about your rhetorical questions. Nobody cares about your lamentations about today's youth. Stop feeling sorry for yourself and go get fucking laid, it's that simple. Dude, I'd fuck you, plenty of people would.

It's just one girl, there's plenty more waiting in line. Get the fuck over it.

Wait, you have to contact individual realtors to see their listings in the US?
There aren't any aggregating websites?

None where you can buy a house and land for "a couple of bucks" what the fuck, I know because I've searched extensively for a plot of land to call my own, you can't live as a human being without being rich.

In canada at least there is fuck all money to be made in small places unless you want to dabble in criminal activity