Pfft that’s stupid. Everyone knows millennials prefer to rent because settling down just doesn’t fit our lifestyle, bro.
Plus we aren’t “handy” enough to deal with all the work of owning a home.
Just kidding, it’s because we’d rather be driving for Uber or something, I don’t know.
Point is, we’re just lazy, entitled, inept children.
Sadly, Millennials aren’t handy. Baby boomers are famous for the idea of being able to fix it themselves. If the dishwasher broke, they fixed it. If the carpet needed cleaning, they cleaned it. They enjoyed doing these tasks on their weekend. That is not the case with Millennials. They don’t care to understand how to fix something.
These are the same people that can’t use an iPad unsupervised without somehow getting tricked into sending $2k worth of bitcoin and their SSN to a scammer.
Boomers invented using several different screws in a device to make it unfixable, and then making sure it broke in a year or two
Yeah, the shit they fixed was generally just a motor and some bearings, maybe with some simple electrical switches.
Modern appliances are computers with moving parts that are designed with cheap, flimsy parts that are only designed to last until their warrenty period runs out.
Lots of boomers fixing modern machines are there, or are they still talking about that one time they changed put the belt in a dryer that had 6 parts total.
Being the guy who owns a truck (work truck, I’d love an electric work van or teleporter since we’re now in fantasy land lmao) I went with my parents to pick up a new washer and dryer for their house.
While wandering around one of those “we fixed this broken used stuff, and are now selling it to you at 70% original price” , the old guy behind the counter kept talking mad shit about how people my age don’t know how to just fix something, and the whole time I’m looking around at verious appliances, I notice something pretty obvious.
All this shit is old, extremely simple, or the only issue was clearly cosmetic and was likely purchased as part of a defect lot. No smart devices, no sensors, not even microwaves. Just things exactly like you described, a belt had broken, or some very simple swappable part needed swapped.
I asked him when the last time he fixed a computer was, or the last time he worked on a car from after 2010. Because I do those all the time, and never see people his age working on their own stuff, they always come to people my age. So maybe let’s just get along with our business and try to show off on our personal times, huh?
He thought that was hilarious, and I wasn’t intending for it to be rude so I just chuckled with him and went about loading everything up.
Honestly I love working on older things, and I like working on my truck because of how simple it is. My truck is from the 90s, and while it’s about half the size of modern trucks, I’ve always wanted a smaller one like an old Ford ranger or even some of the smaller pickups from the 60s/70s. If I could do an electric swap within my budget limitations on one of those, I’d be soooooo thrilled. Modern EVs are too complicated for me now. I can do electronics work, but damn.
Boomers created the current system where you can’t “just fix” your dishwasher. The old dish washer at my parents can be fixed with a screw driver and a ¢25 washer from home depot. The newer ones are all glue, one way plastic clips, and stickers that say it can only be repaired by a certified repair shop. I get kinda what they are saying but the change didn’t happen in a vacuum. I used to repaired computers for a living and I noticed year after year computers became more difficult to repair. For most laptops you can’t just open them up and swap out bad parts. It’s all glued together and has micro components that need to be resoldered to the motherboard. Great for size but impossible to repair outside of the manufacturer. I mean for fuck sakes their are billion dollar military equipment that can’t be serviced without the manufacturers help. It’s all a scam to keep us dependent on corporations.
The pixel watch is so bad that if you crack the screen, Google tells you to throw it away and buy a new one. Apparently even Google themselves can’t repair that.
Proper watches >>>> wristphones
I can’t remember who made it, but some years ago before the big smartwatch boom, someone put out a watch that had a standard mechanism, but also a tiny one-line screen that would show information like texts to you. That seemed like a good middle ground. But I don’t see a lot of watches that fit that middle ground anymore.
Withings and then Nokia had this one. Looks decent
They still do: https://www.withings.com/mx/en/scanwatch-2
And they’re awesome. Battery lasts weeks on a single charge, works like a watch should, tracks all sorts of things and gives you silent notifications like a smart wearable should.
That might be the one I was thinking of.
isn’t that just a pager?
Only really high-end pagers showed texts and you didn’t have the convenience of wearing one on your wrist.
If they made a mechanical watch that could control my podcasts and show me notifications without me taking my phone out of my pocket, I’d buy it.
Sometimes you have to kobayashi maru things in life.
Part of being a conscious consumer is having the willpower to forgo convience for something bigger.
Unfortunately, we are in hyper simulated/consumerist society, so I really only see this trend getting exacerbated until some global calamity happening.
Nah, I’m not willing to put a moral value on whether or not I own a smartwatch. Especially when a family member purchased it for me as a gift.
That said, it makes Google a hell of a lot more money if you keep buying new watches than if they have to keep repairing the old ones.
That’s the logic behind every one of those decisions that made things harder to repair. The only fix really is government intervention, because capitalist logic by itself dictates that this is how you make more profit.
Knock on wood, but I’m still rocking a fuckin’ Pebble. The build quality on these is fantastic.
I know a couple of people who got them and swore by them. I didn’t realize they still were compatible with modern phones.
My parents’ washing machine broke when I was probably like 8 or 9. I helped my dad fix it over a weekend; it cost like $20 and took us a few hours over the course of Friday and Saturday, not counting a couple of trips to the hardware store. We didn’t need much in the way of tools other than a Philips screwdriver and a socket set. That washer is still working today, 30 years later.
Contrast that with the washer I bought when we moved into our home five years ago. It broke a month ago, and I didn’t even have the tools required to open it. The defect was with the motherboard, the tech discovered; and it would cost $550 to get a replacement made since the part was discontinued three years ago. That replacement would be ready in a month. Or I could spend $600 to buy a new machine.
We live in a very different world.
Not to mention… you can’t fix modern appliances. They’re built to be replaced.
PLUS if you’re working multiple gigs to make ends meet over 40 hours a week, the last thing you want to do on your free hours off is try to take apart your dishwasher
This. My uncle used to have a garage and already in the nineties was complaining that fixing cars was about to become impossible due to the addition of electronic parts that were black boxes to him. 30 years later and we live in a world where obfuscation is done on purpose.
Edit: we must start a movement of open source appliances. Cut out the middleman, buy directly the parts and assemble the thing yourself, so youu know exactly how to fix it later on. If it works for 3d printers why can’t it work for kettles and dishwashers?
Boomer culture is highly problematic, but remember not all boomers are this way and even many of those that are were taught to be this way, that’s what culture is. Boomers were raised in an extremely toxic, capitalist, exploitative world and mostly only saw the good side of it.
If you were raised the same way, with the same info available, the same things taught to you, you might behave similarly.
The problem is not boomers or any other generation. The problem is the tiny psychopathic hoarder class and their hired goons and they want you to blame other generations, other races, other countries, anything but them.
In my experience, boomers pay someone else to fix it, then say they did it themselves. Gen x are the do it yourselfers.
Gen X here. I’m just shocked someone remembered us
Shame they didn’t extend that idea of fix it yourself to the environment… Oh wait, they did. ‘Fix it yourself’, they said.
That last article comes sooo close to figuring it out.
Finally, renting allows millennials to live in more desirable or “happening” parts of cities that would otherwise be cost-prohibitive for home ownership.
That sure sounds like a fancy way of saying we can’t afford to buy houses.
I thought we couldn’t afford a home because we bought too much avocado toast?
And Starbucks. Remember had we invested in Starbucks instead of buying it, we’d be bagillionaires like heroes Elon Musk and Jeff Bezos who totally got rich the same way.
Yeah, just do the math! $5.00 cup of coffee every day for a year is a whopping $1,825! That’s like 2 weeks rent in LA! After 10 years you could buy a used Ford Fiesta :O
A boomer I know blames young people being in house debt because “they all buy houses with quarts and granite counters, hardwood floors and heated tile floor bathrooms. They skip the starter homes and go right to the forever homes”.
He doesn’t consider the fact that no one is building starter homes anymore. Everything has heated tile floors, granite counters and hardwood floors because the contractors are demolishing all the older “starter” homes to build luxury houses and 55+ only condos to sell to boomers who throw all their money at it. There’s no profit in building starter homes anymore.
Around me all the 55+ condos are dirt cheap and price controlled, while the regular condos and sfh are 2-3x price. So, when the boomers want to downsize they can just sell their that the vigorously fought to keep zoned without density to a millennial for a huge profit and then buy a cheap condo (conveniently dense and conveniently 55+) and live off the rest of the proceeds. It’s as if the boomers get to use their kids future earnings as a piggy bank for their retirement. It’s the same story with offloading the climate change impacts of their gluttonous lifestyle to their kids as well. They really did pull up the ladder.
At least in our area, most of the starter homes were purchased and then completely redone internally to fancy up and then flipped. All of the homes went up about $100,000 at minimum because of people trying to profit off the housing market.
My first house, I bought in 2009 (so right during the crash). We offered full asking price, only to be told there was 3 higher cash offers, which I couldn’t compete with as a mortgage (FHA) offer. The seller made living in the house for 1 year a condition of sale, and all the higher offers disappeared. Guarantee those were just flippers looking to make a profit, rather than homebuyers.
I think capital gains taxes should be sky high on real estate if owned for less than a year.
Like 90% tax on any profit from a sale owned less than one year.
Only problem, is that house flippers are also the only ones you can rehab old POS falling down shacks I to a saleable and occupiable house. So many houses near where I live have been rehabbed from a teardown into a usable house.
Maybe exempt if the purchase price was a certain amount below the average for the market.
Like if the price per sq. ft / acre of the house was 75% of market average when purchased it’s exempt, that way the houses that really need to be repaired and fixed with get the attention they need to keep them in the market.
Then people can’t just buy a house, slap a coat of paint on it and some new counters then sell for $100k over the purchased price 6 months later.
Ehhh, I disagree with this a bit. People are still putting LVP instead of hardwood in new builds, with granite instead of quartz countertops, and no fancy heated floors, and the cheapest carpet they can find at Home Depot. I feel like most new builds I see going up are more on the “starter home” side of things, but maybe it’s an area specific thing.
The real problem though, is even these cheaper options still end up being unaffordable.
In my area that’s how they do the flips. And those are still sold for 150% what they would’ve been sold for three years ago. To a landlord.
I was fortunate enough to buy a house this year and the options seemed to be:
- Under $250K: needs $100k of work
- $250k to $350k: houses with less sq ft than my apartment that are >80 yrs old
- $350k to $400k: okay house/location, probably with one glaring issue. If you’re lucky you’ll find one of those ‘starter homes’ will be here
- over $400k: acceptable
- over $500k: built within the last 15 years
The new starter homes seem to be townhomes, me and my wife considered buying one instead and the market for them was blistering as they were all that most people could afford that aren’t shacks/fixer-uppers… and people buying those will usually have to pay steep HOA fees on top of the increased interest rates, which is less going into their equity.
No one is building starter homes and with investing being so more accessible, you might as well do that while living in a nice apartment and wait to buy a nicer house.
Where I live: double your numbers.
Ha, jokes on them. I moved to the countryside, and purchased a former starter home.
The joke on me is that it was 3/4 of a million dollars. I would have not been able to buy it at all if I didn’t have the support of my SO, who works full time like me, and my brother AND his wife, who all had full time jobs at the time of purchase…
Six bedrooms, two bathrooms, nearly 2800 sq ft. At least 15 minutes from anywhere, and at least 30 minutes from mid sized cities, and an hour and a half from the nearest major metro area. It’s quiet here… Like, weirdly quiet.
I was going to but then I saw an avocado toast and now I can’t afford a house. Silly me.
Wait, why didn’t you get a free loan from your parents to buy your first house, like the dickead that said that?
Youre just doing it wrong, toast bro.
Mmmm… Avocado toast sounds yummy… Here I go again wasting money on silly things like food. I can’t help myself 😭
Obviously, everyone just prefers to give their landlord 2/3 of their after tax salary. /s
Ooh, I feel like rent payments should be pretax or tax deductible and it would help a ton of people out.
Someone tell me why that would be a bad idea, I’m genuinely curious.
Home owners get to write off interest, so us renters should get something.
The real bitch is that I could totally afford a mortgage. I’ve lived in the same place for 11 years without missing a payment on my rent, but because it’s rent it doesn’t count towards my credit score, so fuck me right?
I mean, they can’t have those dirty renters improving their credit scores and moving into their neighborhoods.
Normally renters should be able to enjoy a low price compared to paying off loans.
But since landlords jacked up the price to be equal or more than how much the loan costs each month, they aren’t getting that benefit.
That’s how landlords operate. They don’t buy the properties cash. They get loans and have the renters pay the loans back for them, plus some more for profits. All they do is make housing more expensive.
Actually I think they went and did the math and found that the average mortgage on a house is actually less expensive than rent nowadays. To the point where Banks turning people down because they can’t afford their rent is a complete non sequitur, they still do it, it just doesn’t make any sense that they do it. You know besides greed and keeping the peasants in their place
Homeowners get to write off interest but rarely ever do. You need to exceed the standardized deduction in order for an itemized deduction to save you more money. So unless you are paying more than 20k/year in interest you are not writing anything off and are in the same boat as a non homeowner.
Lots of people exceed the standard deduction. It’s not just home interest that can be written off taxes, and the home interest plus other eligible expenses often exceeds it.
My side job has me working on contracts so I write off enough business expenses to exceed the standard deduction every year. Getting to write off a portion of my rent would be huge.
The standardized deduction has a sunset… In 2025 it gets cut in half and tax rates revert to 2017 levels.
Wait rent doesn’t count towards my credit score?
I know the game is rigged but shit, and I thought people who couldn’t get the bank to understand that they can afford to pay $500 a month for a mortgage, but only if they can stop paying $3,000 a month for rent had it bad.
Why is it a bad idea? Because it’s basically subsidizing landlords. Instead of paying for public infrastructure you’d be helping out landlords to increase the rent, since you know, you have more “disposable” income
you mean paying to blow up brown kids
Rents will go up by whatever amount the average renter’s budget increases and that lost tax revenue goes straight into the pockets of landlords.
I own a home with a mortgage. I’d sell my house to an llc, and rent to myself. The. I’d be able to deduct the profit of the llc from the expenses (the mortgage and upkeep of the home), and then deduct the rent I’m effectively paying to myself from my income.
I mean I’d love for this to happen, but if every home in the country did this, no one would pay taxes, and communities would be underfunded. Goodbye water treatment, police, firemen, teachers. Probably not great for society as a whole.
Someone told me recently that one should only spend max. 1/3 on housing. After showing them the price for housing and the average salary, they connected the dots. But they didn’t seem to realize the Elephant in the room. I wonder when society is ready for the elephant.
I personally like how it is from the boomer generation that the 1/3 rule comes from as well. Keep in mind that is 1/3 for ALL housing expenses (water, heat, electricity,insurance, etc.), The US median is $1085 a week. This means all in a median Joe/Joette should find a place for under $1500 ALL IN in order to meet this rule.
Always remember that paying rent is a never ending cost while pay mortgage is limited. If you rent, you rent when you are retired. If you can buy, you don’t pay for your house anymore when you are retired. In other words, not buying a house/Appartment means that you will have less money in your retirement… Up to 2/3 of your current salary.
I doubt anyone stuck renting their entire life are able to retire properly.
Also if you own your house you can’t tip your landlord
I know you are joking, but there is actually a YouTube series that is intended for landlords that teaches them how to milk tenants.
One of their videos literally suggests asking for tips alongside the rent, and threatening to include gratuities in all future versions of the lease, which is downright illegal but it’s not like people who rent can afford lawyers
Obviously it was because we were trying to kill the housing industry.
GenX here. Why haven’t I bought a house?
Probably the same reason I didn’t - waited too long, and missed the window of affordability.
To be fair, there shouldn’t be a “window of affordability”, that is a symptom of an ill society. Our ability to acquire shelter, one of the most basic of needs is being stolen from us.
If the capitalists (the psychopathic hoarder class) do it with our homes, you better bet they’d do it with air if they could and watch those that “missed the window of air affordability” suffocate and die.
It’s our duty to put a stop to them, there’s nearly 8 billion of us and their numbers are a rounding error yet we let them drag us over the waterfall. How? They invented something called “the state” and use another invention called “money”, which when combined with marketing allows them to be able to pay others to back them up. This fact is why police are bad people at the most fundamental level.
Yes. Yeah. Sure. Wait, what?
I don’t think I agree that “police are bad people,” at least in total; but I think what they’re saying is that the police as an institution exist to protect the wealth of the wealthy, not to protect the lives of the poor (and further are expressing the idea that anyone who voluntarily enters that field is more interested in protecting property than people).
I think there are many reasons people become cops. Some want a feeling of authority. Some want to feel like heroes. Some want to hurt people. Some want to simp for billionaires. Some—maybe the minority—want to help. Probably most cops got into the game for a combination of those reasons. The truth resists simplicity; particularly personal truth.
But one thing that isn’t oversimplified is that the modern institution of policing was created to protect the profits of slaveholders—the capitalists of the 1800s—and our laws, written by capitalists, have done very little to shift that mission.
It was a quick window that’s for sure.
I knew I should have bought that house when I was 3
Such a foolish toddler you were.
For years we all heard how renting is sooooooooo much better cuz u don’t have to fix anything. Now those ppl are learning why home ownership can be advantageous.
I feel for gen z but half of millennials were laughing all these years now have shocked Pikachu face and own nothing except mtg cards and Funko pops.
Who in the hell ever said renting was better? Since the advent of money it has been a losing proposition to continuously pay for something you won’t own. The only people pushing for renting over owning are the landlords.
The only people pushing for renting over owning are the landlords.
And the media they own or owned by others that share similar class interests.
I mean, if you search online you can find articles that talk about the pros of renting. I’m assuming those same points have been said before.
Of the renting units were provided by the government as a non-profit, renting would actually have made sense.
But now instead, it’s just because you cannot afford the upfront capital.
The only people who ever have been laughing have been the boomers at millennials’ expense.
Who told you that? Was it your landlord? Millennial here. I’ve never heard that my entire life.
Right because they could have afforded a house 10 years ago…
And here I thought they wanted to live with their parents until they were 40.
ah, you see, the trick to getting into real-estate is to have been born earlier … and not live in Canada, some Canadian boomers are learning about that requirement now as more of them are choosing to go homeless rather than pulling themselves up by their bootstraps.
Yeah the trick was buying a bunch of cheap homes in 2009 and sitting on them.
This is one of my favorite genres of journalism. See also: why is everyone so mad about the economy? Meanwhile, the economy: 3 chicken wings, a carrot, and a 1/2 lb of lentils is $37.
Seems the ultra rich are doing quit well in this economy by sticking it to the not-so-rich. It’s not the economy, it’s the money & power that controls the price of everything, including wages, but go ahead and vote for the billionaire guy who says he alone can fix things while planing to rule you with an iron fist. If systemic change is what you want start by running folks at the ground level elections - it takes about ten years to really change things…
I know you mean “planning to rule” but planing in the sense of flying by plane (their private jet) is also very fitting
Unfortunately, we are being ruled by people who insist on getting blood from a stone, and if the stone won’t bleed obviously is the stone that is being too lazy to rapidly evolve having veins or any organic components at all
Seriously, we are also seeing record high inflation, used to 20 bucks could get me a bunch of drinks, a few microwavable meals to take to work, and some butter flavored Crisco to make my popcorn.
Now it might cover the butter flavored Crisco to make my popcorn and maybe one thing of drinks if it’s on special offer. And that wasn’t me comparing growing up to now, that’s me comparing two years ago to now
Some folks are able to buy a home but choose to rent because they can also afford a landlord that’ll actually do the job a landlord is hypothetically there to do and fix the place up if there’s an issue
Weird to me how hypothetical a landlord’s “job” is compared to, y’know, any actual job.
Yeah they’re all parasites unless I’m demanding they fix something then I need them and life sucks unless they do a bunch of work.
People love to trash landlords for not working 24/7 the same way they trash teachers for having summers off, but when it rains it pours for landlords and problems always come at the worst time.There are good landlords and there are bad landlords. Just like tenants.
The difference here is teachers provide a valuable service, and landlords do not. I don’t care how good the good ones are, their entire job is “had enough money some years ago to buy a building, and now lives off other people’s income”.
In all my years renting from individuals to big property management companies, good and bad alike, never was it easy to get things fixed which is apparently the only advantage to renting. Days/weeks/months go by, all the while I’m dumping money into their pockets for the privilege.
At least when owning, the money I have to spend on my mortgage and repairs is going toward the value of my house, and not the ethereal void that is a landlord.
Landlords do provide a service. You said it yourself, they handle building maintenance. Are they generally lazy and overcharging, also yes
A proper landlord pays someone to maintain their buildings.
The landlord does nothing except sit on their arse and collect money they use to pay the people to maintain their properties.
Even if a particular landlord is a decent person otherwise, landlording is wrong. It is the hoarding of essential resources to for the purposes of being released for profit. If landlording was restricted to renting vacation houses (in appropriate areas) or something it might be OK.
The advantages of a rental (not worrying directly about maintenance, just paying someone to take care of it) can be had with a property management company.
Being a nonprofit landlord is also ok, imo. If you’re just charging enough to pay the mortgage, taxes, insurance, upkeep, etc. then you’re using your equity or credit score to help another person have a place to live when they wouldn’t otherwise be able to qualify for a loan. If I’m ever in a position to be a landlord, I’ll probably do it that way; and by the time you pay the equivalent of the cost of the home in rent if you want to own the place, I’ll sign it over to you. Kind of a rent-to-own thing.
Teachers don’t get paid for summers off. Teachers often work summers anyway.
Boo hoo it’s so painful to own other people’s homes 🙄
Wait that’s what landlords have to do. Idk how it is in America. But in Europe is pretty much a law
The u.s. mostly only uses civil enforcement. If your landlord isn’t upholding their end of the contract then the contract is void and you can move somewhere else. There’s rarely any mechanism to make them do anything.
It’s law in Canada too, but the Landlord Tenant board is so backed up with complaints that you’ll have to wait ages for a response to anything but emergencies
In theory American renters are protected by the contract they sign with their landlord, with some basic protections guaranteed by law.
In practice,
-
landlords have essentially no competition, since they own many properties in an area, meaning that contract terms rarely differ in any way that matters;
-
landlords don’t compete meaningfully with home ownership (see OP);
-
alleging breach of contract requires an expensive court case against a landlord who has more money than you and can hire a better lawyer;
-
those basic legal protections are rarely enforced, and when they are it’s in civil court, not criminal court, meaning that they can be ordered to comply, but any penalty is financial (and only a pittance goes to the claimant), considered by many landlords to be the cost of doing business and an acceptable loss.
-
It is one of the perks of renting the landlords have to fix the place for you. It will not be up to code for them to rent it out.
Unfortunately “up to code” leaves a lot of room for cutting corners. You’ll be safe but not necessarily comfortable.
True that is a government issue because they write the codes.
Yea. Except those are also made by people who have money, aka landlords.
Not exactly
Also if you don’t want to be stuck in a particular city or neighborhood for long, renting is a better option.
I was happy to rent in my 20s because I’d move to a new town every year, trying to find the one I liked best.
Actually this does make sense, because remember reading articles about how Millennials and gen Z we’re not buying groceries or eating out, which led to some article writers wondering if younger Generations even ate food.
The boomers are believing their own PR department about how lazy we are, they think that if we just walking to an office somewhere, shake the manager’s hand, and just cut back on whatever it is that brings us joy, that this surplus of cash will just come flowing in and we can buy a house.
Like they really don’t get it, I remember watching an old video where they were interviewing Generation X and Baby Boomers about why they thought Millennials were broke all the time, and the answers were just ridiculous. One guy who I just could not get out of my head, gave the answer that we were all lazy and trying too hard to get noticed on YouTube because being a pretend celebrity mattered to us more.
Even though at the time becoming a YouTuber was one of the fastest growing and well-paying careers. Like it never occurred to him that maybe YouTube actually was a job for some people. And it was around that time that Youtube Partnerships were a thing so yeah…
Yeah millennials got over a decade of news headlines like “Millennials are killing X! Millennials dont like Y! MILLENNIALS MAKING FINANCIALLY POOR DECISIONS BY BUYING EXPENSIVE LATE’S AND AVOCADO TOAST!” . I think some of it is pandering “kids these days” clickbait but a lot of it is also disconnect from how things have changed as well as people not understanding how to read data.
The funny thing is the articles didnt stop they just realized that elder millennials are in their 40s and shifted to gen z.
A weird trend I noticed that targets us now is gen Z making fun of millennials. That makes sense they changed what IT is and millennials are no longer with it and some elder millennials may even be their parents. So like yeah young people making fun of the on the way out trends and fashion is par for the course and they arent part of the same generation block so they can just target millennials all at once now. The thing that gets me is Im noticing gen X-ers coming in to join the shitting on millennials and thats just uncool.
Gen Xers have been our allies for generation!
deleted by creator
Well they finally connected dots 1 and 2, huh.
It doesn’t help that companies like Blackstone are buying up homes at auction, lightly flipping them and putting them back on the market as high-priced rental properties.
News flash, the vast majority of people want to purchase a home, not continually rent forever. Yet, many can’t even afford to do so. More at 11.
JFC boomers are retarded.
Knock that shit off. Millennials wrote the story, for starters. That journalism degree had to go somewhere.
They probably wrote a perfectly reasonable story about people not buying homes for obvious reasons, and then, like always, some editor with a Master’s Degree in Being A Cunt put a clickbait title on it so we’d end up talking about the stupid thing and oh look is that the CNBC brand all over the place? It is. OP even typed it into the title, how helpful.
The last time I chased down one of these shitty meme stories, you know, the ones about too many avocado is why you can’t pay rent, I came to the sort of realization you don’t have because you just jump in here and have an emotional squirt about the meme.
Namely, the reason so many of these stories seem so fucking absurd is because the “young people” in the news story are specifically the adult children of the wealthy, the actual 1%. So yes, those assholes, all spending daddy’s money, are real bad at holding onto a buck and legitimately need scolding.
The target audience for ALL these articles is “daddy”, the holder of 1% wealth. Everyone else is too poor and the ad rates are abysmal for that demo.
If the article is in Forbes, WSJ, or Bloomberg then this is absolutely the case. They are talking to genuinely wealthy people about their own wasteful children and THAT is why they always seem to have absurd ideas about how much money the “millennials” have to spend. Their children really do have a lot of money to waste, that’s why they can’t stop paying $8 for a coffee. I guess CNBC wants a piece of the action, too.
And that’s the thing. None of this is about you. None of this is about most of the people reading the article or making stupid Tweets about it.
The typical millennial online has a fairly middle-class upbringing with a college degree for better or worse. Many of them have boss jobs, either holding positions of authority, or just working in the office, and not in the factory, which is a boss job enough.
So they get delusional. The floor monkeys at the factory know that they’re “the help”, but the college-educated types? They struggle. They delude themselves into thinking this is about them, that they are part of the conversation.
Nope. You’re “the help”. You may as well be one of the Filipinos in the sweatshop making underwear, you basically do not exist in this conversation, at all. It’s a tough pill to swallow as a Westerner with a degree.
So that’s why the articles are so “clueless”. The people writing them, for the intended audience of wealthy old people, mostly men still, are ignoring you as completely as you ignore the janitor at the mall. You might as well be a water cooler or some furniture to them.
They know why you’re poor. They employ you and control your access to money. They have all the records and it was them who made you poor. That’s not news. They know why you can’t buy a house because they made sure you wouldn’t have the funds. Instead, they bought 12 properties to rent this year and decided to lay off 500 people to tighten up the ship. They know why you’re fucked, because they’re fucking you.
But why their own kids, the wealthy babies of the 1%, are acting all stupid? That is a mystery to them, so they’re liable to read news articles about it. They don’t think of you as a child of concern, any more than you think of the eggs a housefly lays. You? You just come with the building. You’re the help.
Once you grasp that these news articles are aimed way, way, way over even your college-educated, “knowledge worker” head, then a lot of stupidity suddenly makes more sense.
Jfc. That was too much. Get to the point. Eat the rich.
k
Ok so 1%ers are retarded
Every time I see your comment it’s a goddamn novella
Publish the book already.
I love Mr. Robot. Reminds me a little about it. Not a cup of tea for everyone, but there was a lot to love about that show, from acting, dear gods the editing and some of the shots are just amazing, to being able to resonate with each and every character in one way or another.
Anyway, I send you virtual hugs because we are all fucked and sometimes we just need a damn hug in-between the horror show we dance to. And if you don’t want to be touched, then that is ok too.
At CNBC Make It, we want to help you get smarter about how you earn, save and spend your money.
With a focus on success, money, work and life, we provide information and inspiration to navigate your big financial firsts: from landing your dream job, to starting a business, to investing in your future and leading a rich life.
Children of the wealthy don’t need to “get smarter” to “make it”. Also, pretty sure they can afford homes. I really don’t think this article is about them.
