this post was submitted on 01 Jul 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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[–] jordanlund 138 points 5 months ago (1 children)

As a Gen-X'er, I had the same conversation with my grandparents 35 years ago.

"Why don't you just buy a house?"

"Do you know how much houses cost now?"

"Well, we bought our first house for $40,000."

"$40,000 isn't even a down payment now. Tell you what, here's how much I make, let's sit down with the real estate listings and you tell me what I can afford."

". . . Oh."

"Yeah, right, 'Oh'."

I did finally buy a house... 33 years later, a decade after they both died.

[–] [email protected] 111 points 5 months ago (1 children)

And her son wasn't the only one struggling. Jess received a call from her eldest daughter, who was complaining that her husband was going to have to quit his job to take care of their kids because of how expensive childcare was. They were spending more on daycare than what he was earning.

Obviously the solution is to ban abortion

[–] Thrillhouse 1 points 5 months ago

No better way to keep women, poor, oppressed, and chained to marriage whether they want to be or not.

[–] [email protected] 91 points 5 months ago (1 children)

This is why I hate how media tries to stir up ‘this generation vs that’, and I refuse to fall prey to it. I’m 40 and I have so much respect for younger generations trying to make it now. It’s still hard enough for me and I can’t imagine how much harder it is for them.

Also, even if I don’t get the stuff they’re into, that’s ok because the generations before me don’t get the stuff I’m into. People seem to get older and forget they were at one time considered the ‘lazy’ ones who liked ‘dumb’ stuff.

[–] TargaryenTKE 2 points 5 months ago

Literally every single generation we have records of. Hell, there were ancient Romans (and I mean ANCIENT) who wrote about how their 'cultural values' were in decline compared to the older generations. And this was BEFORE Rome was even an empire, this was back in the B.C.E.s

[–] [email protected] 29 points 5 months ago (3 children)

Moms of millennials are still taking them apartment shopping?

Or they forgot to swap the generation on this one?

[–] qarbone 37 points 5 months ago (2 children)

It's called 'having a person in your life who worries too much'. I'm a millennial and I'm getting close to this point, with how often my parent keeps asking me about finding a better place to live when I'm scrounging to find places that won't cost an arm and a leg

[–] [email protected] 25 points 5 months ago

facts but let's be real... there are gen x and boomers who are in the same boat competing with GEN Y & Z for the same shiti apartment stock lol

[–] Dkarma -3 points 5 months ago (2 children)

You spelled "cares about you" wrong. Sorry about your trash parents.

[–] Psythik 10 points 5 months ago* (last edited 5 months ago)

No that's bullshit. I had the same type of parents and as a result I never had any privacy to myself, ever.

Spend more than an hour in my room? They're knocking on the door, wondering what I'm "up to". "Why are you on the computer all day?" "You better not be looking at porn!" "Why are you reading that Wikipedia article?" "You can't play StarCraft; it has the word 'craft' in it, which means witchcraft". One time my dad even printed out my browser history and read it during family dinner.

To this day I still have a mild anxiety attack every time I hear someone say something that sounds even remotely like my name in public, and I'm 34.

Trust me, you don't want to be raised by helicopter parents. It traumatizes you for life. I know I'm not explaining this adequately enough for someone who didn't grow up this way to understand just how bad it is to never have any privacy or time to yourself, especially when you're an introvert like me. I don't think I ever can explain it, so you'll have to just trust me when I say I'm still fucked up over being raised by parents who care too much.

[–] qarbone 4 points 5 months ago* (last edited 5 months ago)

Cool flex bro

Don't insult my parents tho. Only I can do that

[–] undergroundoverground 14 points 5 months ago

I'd guess that it was to prove a point to someone who wouldn't accept the world wasn't how they declared it to be, despite being wrong.

I mean, not all of them but some boomers are beyond impossible with this stuff. I think there's a real denial in many of them because so many saw their wealth expload simply for buying a dirt cheap house or having a job you now need a degree for and all the real chances of slary progression have been taken away.

I think it makes people start wondering where its coming from and, rather than think about that, they decide that things are fine or else they'd have to start thinking about one particular generations insatiable greed.

[–] SirSamuel 5 points 5 months ago

Millennials aren't lazy, they're taking their kids apartment shopping

[–] Gingerlegs 10 points 5 months ago
[–] Anticorp 5 points 5 months ago (1 children)

Uh, the youngest millennial is 28 years old. Why is mommy taking him apartment shopping?

[–] [email protected] 17 points 5 months ago

The kid sounded like he had a plan of his own and was working towards it, so it might just be as simple as mom has a car and he doesn't, or it's his first apartment and she knows what to look out for when moving into a new one, which he's never had experience doing. The article doesn't make it sound like he's some totally dependent man-child, but it also doesn't elaborate enough to really say why she went along.