World's changed. Millennial generation is "screwed". No solutions

[CrazyTrader55]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

 

[The Duke]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

MAGA is about fixing that, you know. Housing costs have been inflated by the subsidizing of illegals, BlackRock corporate home buying, and greedy local governments taking their share out of the middle.
Home values need to drop. It's inevitable.

 

[j-mac]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

So, what’s the solution?

 

[CrazyTrader55]

So, what’s the solution?

Closing the border was a good first step but things are so far gone, I think the laws of economics are going to have to fix things.

Colleges need to start going out of business and house prices need to plummet. Sorry granny & gramps.

Healthcare prices will only fall, when the cost of medical school falls and/or when people stop paying these ridiculous premiums.

 

[JGalt]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

It's tough for anyone these days. Granny and gramps are having to work now to make enough money for the maintenance and upkeep of that $300k house they bought for 60k. I think it was the Covid pandemic when everything started spiraling out of control, followed by the Biden/Harris years. Everything went to shit during that time period. President Trump had good plans to fix things but failed on many levels because of the obstructive Democrats and RINOs in Congress.

 

[j-mac]

Closing the border was a good first step but things are so far gone, I think the laws of economics are going to have to fix things. Colleges need to start going out of business and house prices need to plummet. Sorry granny & gramps.

Ok, I agree…The laws of economics are governed by what factors? Many are out of the control of anyone. But, some are…

1. Remove illegals artificially driving price

2. Crackdown on businesses gouging on price

3. Destroy further slides in socialism, it’s not the answer.

4. Remove toxic teaching in primary grades

5. Manufacture more in the US.

6. Stop focusing on stupid, like trans shit.

etc…

 

[shockedcanadian]

I have considered this, and this may not be popular with some but I am confident it is one solution especially with the advent of the A.I explosion we are going to see: decrease dramatically immigration and allow population growth to be natural and solely based on domestic birth rate, even if it means a decrease in population for a decade. Chinas government seem to have ascertained this already as they understand how A.I will impact the economy. Canada is in a far worse spot in terms of costs. If you allow an over abundance of supply (build homes,.improve.manufacturing) while hold demand thrugh immigrant restriction, this may solve this over a decade or two. Will greed win the day or reasonable shift in policy?

 

[wamose]

I think the millennials are victims of brainwashing by our education system and our media. They don't know any better than to believe this socialism bullshit.

 

[1srelluc]

Capitalism and Socialism have always been at loggerheads.

Right now there's too much socialism so it makes everything more expensive.

You can only give away other people's money for so long.

 

[westwall]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

Huge gains? No, their property values have mirrored inflation. There has been little gain for the majority of home prices, just the inexorable climb of inflation.

 

[CrusaderFrank]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

That’s all because the MIC has taken over the economy.

Vietnam war took us off of the gold standard, that’s the last time the middle class could work one job and afford a family and a home

Each undeclared war since then has made it increasingly worse

And today the MIC tells us the Iran war is a “golden opportunity”

I naively thought Trump was going to address the problem.

 

[1srelluc]

Huge gains? No, their property values have mirrored inflation. There has been little gain for the majority of home prices, just the inexorable climb of inflation.

Nah, were that the case then my house would be worth around 206K.

The market in my AO decided that it's worth 425K+.

 

[westwall]

Nah, were that the case then my house would be worth around 206K.

The market in my AO decided that it's worth 425K+.





View attachment 1248890

I said majority. Of course there are regions where property is more desirable, so out performs inflation.

But those regions are small compared to the country as a whole.

 

[Hafar1014]

I would hate to be a young person getting started today. Rents - out of control. House prices - out of control.

Insurance prices - out of control.

Childcare costs - out of control.

AI is about to take 1/4 of all blue collar & white collar jobs. Majored in the wrong area 4 years ago? Tough luck.

Meanwhile granny & gramps are sitting on huge gains to the house they paid $60k for, back in the 70's. Hey kid: You want that house now? Fork over $300k and remember, the banks always get their money.

Happy Monday!

And get to work!

Learn to invest. Increase your human capital. Find a skill that pays. But stop crying about it. You can always work at Walmart

 

[1srelluc]

I said majority. Of course there are regions where property is more desirable, so out performs inflation.

But those regions are small compared to the country as a whole.

Here's a home in ND that I suspect cost around 30K to build back in the day. Basically a small town in the middle of nowhere.

https://www.homes.com/property/116-5th-st-e-napoleon-nd/mqwbk3b2gz728/

It's 145K.