In 1990 my mom stayed home and raised us. My dad worked a measly construction job and we lived in a two story, 5 bedroom house (which they lost after the 2008 collapse, I took it over and lost in 2012).
My mom was also able to borrow against that house over and over again for cars.
Around 1996 my dad got his CDLs and drove a coal truck.
We bought that house for 30k.
My aunt bought a huge colonial house with 8 bedrooms for roughly 60k in 1979-80. She never worked. Her husband was a coal miner.
When it burned down in 1996, she bought a beautiful brick home in a wonderful neighborhood for 100k. She sold that same house recently for 600k.
My mom worked at Sizzlers in the early 90s and her husband, a no-degree “engineer” were able to buy a 4 bedroom house with a huge yard and 2 car garage in the DC suburbs (MD side), with two cars. A few years later, they upgraded to an even bigger house in an even nicer part of the county.
Objectively poor people had houses that they owned, in places people wanted to live. None of that has been possible for at least a decade or more. Millennials are now in our 40s and have more education and experience than Boomers ever did, yet the ROI and QOL differentials are staggering.
Don’t let Boomers gaslight you; they collectively played this game on the easiest mode.
A “measly construction job” is a good paying one. A person working at a McDonald’s for 40 hours a week at that time would not be able to afford an apartment let alone a house. When your aunt bought her house interest rates were in the teens, today they are 7% and that’s a record high. My parents bought a house in 1976 for $28,000 dad worked full time at a city job plus always had a second job or side hustle. Our family would strip copper to make ends meet. Mom cooked every meal, eating out was a rare treat. Never once did we even order pizza, Mom make it with powder dough. We didn’t have cable. Got by on two junker cars sometimes one.
Every generation has it’s challenges. This is the first to have a public circle jerk/pity party
Mate, a smaller percentage of our generation has houses. Wrap ya head around that. No one’s arguing every other generation had a house, that would be idiotic.
In 1990 my mom stayed home and raised us. My dad worked a measly construction job and we lived in a two story, 5 bedroom house (which they lost after the 2008 collapse, I took it over and lost in 2012).
My mom was also able to borrow against that house over and over again for cars.
Around 1996 my dad got his CDLs and drove a coal truck.
We bought that house for 30k.
My aunt bought a huge colonial house with 8 bedrooms for roughly 60k in 1979-80. She never worked. Her husband was a coal miner.
When it burned down in 1996, she bought a beautiful brick home in a wonderful neighborhood for 100k. She sold that same house recently for 600k.
The difference is absurd.
100%
My mom worked at Sizzlers in the early 90s and her husband, a no-degree “engineer” were able to buy a 4 bedroom house with a huge yard and 2 car garage in the DC suburbs (MD side), with two cars. A few years later, they upgraded to an even bigger house in an even nicer part of the county.
Objectively poor people had houses that they owned, in places people wanted to live. None of that has been possible for at least a decade or more. Millennials are now in our 40s and have more education and experience than Boomers ever did, yet the ROI and QOL differentials are staggering.
Don’t let Boomers gaslight you; they collectively played this game on the easiest mode.
A “measly construction job” is a good paying one. A person working at a McDonald’s for 40 hours a week at that time would not be able to afford an apartment let alone a house. When your aunt bought her house interest rates were in the teens, today they are 7% and that’s a record high. My parents bought a house in 1976 for $28,000 dad worked full time at a city job plus always had a second job or side hustle. Our family would strip copper to make ends meet. Mom cooked every meal, eating out was a rare treat. Never once did we even order pizza, Mom make it with powder dough. We didn’t have cable. Got by on two junker cars sometimes one.
Every generation has it’s challenges. This is the first to have a public circle jerk/pity party
And the younger ones have an objective, mathematically proven worse version of the challenges than the earlier ones did
Nobody claimed it was ever perfect, only that it’s worse now, which it is
Haha I love it when kids tell me what my life was like.
Back to my original point. No, not everyone who worked 40 hours a week could afford a house.
You can wrap yourself in self pity or you can be resourceful, your choice.
Didn’t happen, I said what it was like now by comparison
And no body ever claimed that
Lol, you have no idea what you’re talking about
Mate, a smaller percentage of our generation has houses. Wrap ya head around that. No one’s arguing every other generation had a house, that would be idiotic.
So self pity it is
Yours.
Not me. I just paid off my second house.
And these kids need to pull themselves up by their bootstraps and start a small business if they don’t want to be poor, am I right?