Re:Prices for starter homes are crowding out millennials
by snowwrestler on Thursday October 22, 2015 @01:30AM
(#10430543)
5 years after my dad (a Boomer) finished college, he faced unemployment and mortgage rates over 8%.
5 years after I (a Gen Xer) finished college, I faced unemployment and mortgage rates just under 6%.
Today the unemployment rate is 5.5% and the mortgage interest rate is under 4%.
While buying a first house is never an easy thing to do, there are plenty of indicators that it's not harder today than it was in the past.
Re:Prices for starter homes are crowding out millennials
by irishcoffee on Wednesday October 21, 2015 @10:10PM
(#10430030)
Forgive me, but entitlement is a fun idea, not reality.
People wanting to start a business that isn't viable, bummer. Not enough jobs: I delivered papers, barbacked, worked a day job, figured it out. If they picked a bad builder, that sucks. Find your recourse. Be smart, be mature, figure it out.
Entitlement is a problem, working hard is not.
Re:Prices for starter homes are crowding out millennials
by toomuchtodo on Wednesday October 21, 2015 @10:16PM
(#10430049)
I'm sorry your opinion and reality are incompatible.
It's not a matter of working hard; sometimes there just aren't enough jobs to go around, or existing demand for someone to start a business to satisfy that demand.
I've known people who have saved for years, put down payments down, and then lost it all when their builder went bankrupt (and they had no recourse). Welcome back to square one.