I hope so, I'm just worried about inflation.

And now when millennials FINALLY have a little wealth and learning to make passive incomes to supplement their crap wage, Biden and liberal state governments aredrastically increasing taxes

Lmfao at ever voting for these social liberal cock suckers

Look at this again, but pay attention to the title of the chart.

If the situation was reversed ( higher interest rates but less of an increase on house prices), millenials would be complaining about that.

It's funny how you can ask every one of the whiners a simple question, and get no answer:

Have you done anything in the last year to improve your situation?

No, it's just easier to bitch and complain.

Direct hit though.

Look at this again, but pay attention to the title of the chart.

If the situation was reversed ( higher interest rates but less of an increase on house prices), millenials would be complaining about that.

It's funny how you can ask every one of the whiners a simple question, and get no answer:

Have you done anything in the last year to improve your situation?

No, it's just easier to bitch and complain.

You see the answer every day on the misc.

Everyone I grew up with’s parents were tradies or salesmen. Lower middle class area, resource economy. Guess what like 80% of their kids did? Went to ****ing college to ge BAs in BS. What jobs were they thinking they’d get? None stayed around and all struggle like hell to live in the nearby big cities while working basic service jobs. No one wants to work with their body anymore. I have two openings right now for $50/hr and can’t find a non drug addicted qualified person. The jobs starts at 6 am and requires 12 hr days and millennials want nothing to do with it. I’m 15 years younger than the second youngest guy on the crew. I’ll be working by myself in a couple years. Where are all these computer programmers gonna live when no one wants to work to get the logs to build the houses? You think computer engineer wages will stay high when every single teenager is signing up for it? Who was supply and demand?

It doesn't trigger me - and nice job deflecting the question, but that's par for the course. We all know the answer.

You should look into bettering your situation, you make a thread like this almost on a weekly basis.

Or you can keep crying - it's your choice really.

If you can wait a few yeas for them to start hiking interest rates you'll be golden so many IDOITS are going to be under water SRS. will be so many houses on the market for CHEAP af. PRIME time to invest.

In some ways I'd just buy now so you don't get stuck paying like a 8% interest rate later though SRS.

I’m betting a lot of those mortgage loans are fixed loans instead of variable though. Not sure why anyone would get a variable loan when interest rates are sub 3.5%.

Fixed or not, if mortgage rates rise house prices will most likely fall.

Those who FOMO'd will be facing a tough choice when they owe $500k on a $300k house. Yes the payments are small since you locked in the old rate, but you can't sell the house without taking a bath.

What if you have to move for your job, or to be closer to family, or a due to a divorce? 30 years is a long time...

Easy solution: Don't buy a house - wait for rates to rise!

Is your whole shtick just trying to rustle people on the misc? srs question.

Inb4 "I wasn't trying to rustle you"

My friend, the only thing you're proving is that you have no arguments by going the ad hominem route.

And nobody is denying that personal responsibility is of course one if not the most important factor in the success of once life but that doesn't change or counter any of the economical realities I posted here.

I love these threads because they are so detached from reality.

If Millennials thought the boomers had it so good they can literally live the same lifestyle today:

Move to a small town
Get a menial back breaking job working 70+ hours
Buy a 100k small two bedroom house in the country
Wife doesnt work
2 kids
Have one base model truck with no accessories
No cell phones in the house
No cable/streaming
One TV in the family living room
Kids wear hand me downs
Rarely go out to eat and going to Dairy Queen once a month is a treat


The same lifestyle and opportunities the vast majority of boomers "enjoyed", exist today. All it requires is that you live like they did.

Im an older miscer and I grew up watching my parents generation and I LOL at the idea that they had it easy and that money and opportunities were falling off of the trees. The literally killed themselves in factories with no regulations, no HVAC, etc.... Everything this generation enjoys today was created because their life was awful and brutal.

This generation sits in HVAC controlled buildings, sipping on a Starbucks, while complaining on the internet on their smartphones about how awful they have it. They wouldnt last a day in the society boomers lived in.

So now we are waiting for other people to get screwed so we can succeed? Is that the plan going forward?

Fixed or not, if mortgage rates rise house prices will most likely fall.

Those who FOMO'd will be facing a tough choice when they owe $500k on a $300k house. Yes the payments are small since you locked in the old rate, but you can't sell the house without taking a bath.

What if you have to move for your job, or to be closer to family, or a due to a divorce? 30 years is a long time...

Whole shtick? Eh, definitely main one.



Right. Each individual bears some responsibility for the amount of effort they are willing to put in.

But this is a systemic issue that has been rolling since at least the early 70s.



https://mises.org/power-market/comin...merican-empire

We [the US government] really can't afford higher interest rates. And if we just keep printing more and more $$$?



And the government doesn't have sufficient assets to cover what is owed.



This is why I think the Great Reset is like a player flipping the table and declaring "new rules".

Always has been and always will be. There will always be people there to make a profit where others have failed. No sense in trying to make a moral argument of it.

Is it because Millenials are less likely to work hard, put in effort and take responsibility and accountability for everything they do?

Not surprising, nobody wants to work hard anymore. They would rather try making tik toks/YouTube’s in hopes of getting rich

I'll never understand why political debates always have to be so black and white like ITT. I'm a Millennial and am doing quite well for my age (I work in consulting and will probably be changing to a job paying over $140K base soon), but I also acknowledge that I'm extremely fortunate to have immigrant parents who instilled the value of education and hard work in me since I was a kid.

I certainly sympathize with Boomers that a lot of people my age spend their money very foolishly and make poor decisions that they want other people to pay for. That said, I also think it's true that the Boomers have been pretty greedy/stingy and this has fked our generation in a lot of ways too. It's insane to me how my current firm hasn't raised salaries in over a decade despite the fact that life has gotten materially more expensive, the basic requirements for the job have become much more extensive, and the competition is much higher. It's possible for both parties to be partially at fault and I'd rather politicians try to figure out how to fix this mess before it gets worse instead of masturbating over who is more at fault.