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Re:Gen Z does not dream of labor by skulk on Sunday April 24, 2022 @02:54PM (#31147029)
> He could've been a plumber/electrician/welder who would do really well in the current market.

False.

A plumber making $80k (US median seems to be around $60k) isn't going to be able to save up for a down payment if they're paying a typical mid-sized city's rent (~$1.2k a month). Not to mention housing costs going up during this period of saving up.

Re:Gen Z does not dream of labor by StevePerkins on Sunday April 24, 2022 @03:57PM (#31147729)
Not to mention that plumber probably doesn't have health coverage. The people who love to talk about what a fine profession that would be (for other people's kids, of course, never their own kids) are the same people who fight tooth and nail against any kind of health care policy that might make a non-white collar career more viable.
Re:Gen Z does not dream of labor by erosenbe0 on Sunday April 24, 2022 @04:14PM (#31147887)
Plumbers and pipefitters have a union that has plenty of power in current market. No health insurance and they won't work. Plumbing pays more than 80k in major cities. Plumbing contractors have to carry workers comp insurance.
Re:Gen Z does not dream of labor by StevePerkins on Sunday April 24, 2022 @04:29PM (#31148000)
Having grown up in a rural area, I assure you that any unions or health coverage is a strictly urban phenomenon. And $80k isn't all that great of a top-end, for people living in major cities with their cost of living.
Re:Gen Z does not dream of labor by the_only_law on Sunday April 24, 2022 @06:42PM (#31148966)
I did some quick lookups from BLS and other salary sources for my (mid sized southern US MSA) sometime back and yeah the median and mean wages for a lot of skilled labor and trade positions are pretty damn close to what a lot of clerical type office jobs were paying. I.E. not great, probably livable. I’ll see if I can go back through and find my comment.
Re:Gen Z does not dream of labor by kortilla on Sunday April 24, 2022 @04:34PM (#31148056)
This thread is about saving up to buy a house in a city though.
Re:Gen Z does not dream of labor by pinot on Sunday April 24, 2022 @04:49PM (#31148200)
jman plumber in my town earns $47/hr+$32/hr in benefits. Not bad total comp especially if you add in OT.
Re:Gen Z does not dream of labor by throwaway48375 on Sunday April 24, 2022 @04:44PM (#31148151)
In my area United Association Plumbers get $42.77/hour and have great benefits including healthcare/pension. I agree though we need truly universal healthcare like medicare for all. The system we have now is hopelessly broken.
Re:Gen Z does not dream of labor by sieabahlpark on Monday April 25, 2022 @11:56AM (#31156686)
Doesn't seem like the rest of the world's universal healthcare did any better than ours?

You have farfetched dreams that government run anything would somehow be not shit. You'd hardly get any coverage and I doubt the deductible would be anywhere sufficient.

Re:Gen Z does not dream of labor by goosedragons on Monday April 25, 2022 @12:37PM (#31157293)
You don't get completely fucked if you lose your job and then get sick/injured? Is that not better? I pay literally $0 to go to the doctors or emergency room.
Re:Gen Z does not dream of labor by throwaway48375 on Wednesday April 27, 2022 @03:02AM (#31177121)
If you lose your job then you qualify for Medicaid and get free doctors visits and emergency care. The people who get fucked the worst by our system are the working poor. The people who make just over the limit for Medicaid and have crappy employer sponsored plans.
Re:Gen Z does not dream of labor by AvocadoPanic on Monday April 25, 2022 @05:14PM (#31160699)
Someone pays, just not you at the point of service.
Re:Gen Z does not dream of labor by RugnirViking on Thursday May 05, 2022 @07:47AM (#31272117)
In the US you pay more IN TAX per person than other countries pay for their entirely otherwise free healthcare. Yet you have insurance, and have to pay premiums ON TOP of that!
Re:Gen Z does not dream of labor by heavyset_go on Monday April 25, 2022 @08:54PM (#31162751)
Everyone knows that "free" healthcare means that it's still being paid for via taxes, so points like this aren't exactly insightful. The OP's point was that their care cost them nothing to utilize or receive, not that there aren't costs in the system at all. Nobody actually believes that doctors are working for free, that assumption would be a strawman.
Re:Gen Z does not dream of labor by AvocadoPanic on Monday April 25, 2022 @09:47PM (#31163087)
If you don't pay the bill, it doesn't cost you anything either.

I'm not sure everyone knows there's a no free healthcare, we may move in different cicles.

Having lived with socialized healthcare and still paying private insurance in order to access expedient, competent, comfortable care is especially frustrating.

Re:Gen Z does not dream of labor by heavyset_go on Tuesday April 26, 2022 @12:11AM (#31163851)
> If you don't pay the bill, it doesn't cost you anything either.

In the US, you won't get the chance to have a bill, because you will be denied care if you're unable to pay for the care or are uninsured. The one exception to this is that emergency rooms are obligated to stabilize patients in crisis, but that type of care is limited. For example, they'll patch you up if you get stabbed and then send you a bill for it, but nobody is getting treatment for non-acute emergencies, like chronic conditions, or the insulin they need to survive diabetes, or life-saving chemo or radiation therapy for cancer.

Your creditors might feel differently about bills not costing you anything when they take you to court to collect on your debt. Those bills might cost you your savings, income and/or assets.

Re:Gen Z does not dream of labor by heavyset_go on Monday April 25, 2022 @08:37PM (#31162642)
I have family members on Medicaid and help them with their care. Medicaid covers 100% of everything, from doctors visits to specialists, ER care, surgery, dental, vision, medications, etc at no cost to the beneficiary. By law, Medicaid has to pay for everything, so patients don't get pushed around by providers or insurers about billing or additional costs. The headache surrounding billing and paying for care just doesn't exist. Policyholders can confidently see doctors and buy prescriptions they need without worrying about being sent mystery bills several months down the line, or being unable to fill medication, including brand name medication.

On the private insurer side, if you're prescribed an on-patent medication that has no generics, every insurer I've had has fought me every step of the way for coverage, and some plans just don't cover brand name medication at all. Even when you work with your doctor and insurer to get coverage for specific medications, insurers will decide 4 months later that they don't want to cover it anymore and you have to jump through those hoops all over again.

My "favorite" experience was having to cycle through several medications that I had been prescribed in the past that weren't effective in order to make my insurer happy so that they'd cover the medication that does work. Apparently the private insurer knows how to treat patients better than doctors do. Then I moved and had to switch insurers, and the insurer wanted me to go through the process of taking drugs that don't work all over again. I gave up and just pay for the actually-efficacious prescription out of pocket, and none of those costs go towards my deductible. I now pay $18 per pill for something that costs $34 total for a 30-day supply, which is about a dollar per pill, in other first world countries.

If it was possible, I'd drop my own coverage instantly for Medicaid. Doing so would make my life immeasurably better.

> Doesn't seem like the rest of the world's universal healthcare did any better than ours?

On every metric, other countries' healthcare systems outperform the healthcare system in the US, resulting in higher quality care and patient outcomes, all for much less than the US spends[1].

[1] https://www.healthsystemtracker.org/chart-collection/quality...

Re:Gen Z does not dream of labor by trafficante on Tuesday April 26, 2022 @12:42AM (#31163992)
> If it was possible, I'd drop my own coverage instantly for Medicaid. Doing so would make my life immeasurably better.

I also care for a family member on Medicaid and, while it’s very far from perfect, I agree that in many every-day scenarios it’s remarkably superior to my employer-provided coverage.

Most of the downsides I’ve experienced are issues with getting specialist appointments in a timely fashion and providers creating unexpected reimbursement loopholes - which are thankfully rare, but remarkably abusive when they have occurred.

Eg: Medicaid will get you booked with an allergy clinic four months out and during the appointment they tell you “Oh by the way, Medicaid only covers ~5 basic allergen tests; if you want the standard regional allergen test that’s $150 up front and if you want the full spectrum test that’ll be $300.”

Meanwhile, half a year prior, I went to the same clinic, got my appointment booked for 2-3 weeks out, and wasn’t even asked about the test type - they hit me with the full spectrum and I just had to toss a minor copay on the way out the door.

I guess the overall moral of the story is that our healthcare system is broken and jammed up with perverse incentives at every rung of the ladder.

Re:Gen Z does not dream of labor by throwaway48375 on Wednesday April 27, 2022 @02:52AM (#31177062)
I lost my job due to illness and I am currently on Medi-Cal. There is no deductible. Pretty much everything non-cosmetic is covered 100% including dental. My previous health insurance from a Fortune 100 company was much worse with all sorts of byzantine rules. I think you have been seriously misinformed.
Re:Gen Z does not dream of labor by karaterobot on Sunday April 24, 2022 @03:19PM (#31147291)
I don't agree. I made under $80k in household income when I bought my first home in 2014. This was in (well, just outside) Seattle, which was and remains one of the more expensive markets in the country. I saved up for a down payment; it took years. It wasn't my dream home, but it allowed me to build equity and continue saving for the one that was. I am not ready to say "kids these days want everything handed to them," but I will say that if you can't commit to a decade-long, multi-step process, then it may seem impossible, when it's just rather hard.
Re:Gen Z does not dream of labor by heavyset_go on Sunday April 24, 2022 @03:31PM (#31147428)
It isn't 2014 anymore and rents have doubled around here since then, cost of living has gone way up, while wages have stayed relatively stagnant.
Re:Gen Z does not dream of labor by beej71 on Sunday April 24, 2022 @03:41PM (#31147569)
This. My house has more than doubled since 2014. There's a huge gap between those who can afford a $300k house and those who can afford an $800K house.
Re:Gen Z does not dream of labor by Copernicron on Monday April 25, 2022 @09:31PM (#31163002)
Doubled if you're lucky. I checked the price history on the condo I bought last year. It has doubled in price since the pandemic started and more like tripled since 2014. Of course I'm living in a booming area but my salary sure hasn't increased that quickly.
Re:Gen Z does not dream of labor by bb88 on Sunday April 24, 2022 @04:17PM (#31147906)
The traditional rule for a mortgage was 20% down and the house itself was no more than 2.5 times salary.

Where I live, Boise, housing prices have shot up dramatically, over twice. Median house prices in Boise is $536k. So you would really need to make $214K/year to afford the mortgage under the old rules. And nobody makes that kind of money here.

Re:Gen Z does not dream of labor by hackerfromthefu on Monday April 25, 2022 @10:32AM (#31155375)
The old rules don't apply because the old interest rates were so very much higher.

The prices are based on the ability to repay based on the income - with lower interest rates the same income and service a much larger loan, hence the increased prices.

The world has changed, from very high rates to current very low rates, and seems like it might be changing back to middle rates.

Re:Gen Z does not dream of labor by bb88 on Monday April 25, 2022 @08:42PM (#31162677)
I think that's what the mortgage lenders of today want you to believe since they have cheap cash available through the fed. As long as house prices continue to skyrocket, they could still make money on the foreclosure.
Re:Gen Z does not dream of labor by Copernicron on Monday April 25, 2022 @09:30PM (#31162997)
It's flat out impossible to buy a house or even condo on that kind of salary in southern Ontario without significant outside financial assistance. I bought my condo in Oct 2021. Six months later it has appreciated in value by $200,000 judging by what other units in this building are going for. You simply can't save money fast enough. Housing prices in general have more than doubled around here.

You got lucky and bought when it was cheap. Don't act like anyone can do what you did.

Re:Gen Z does not dream of labor by zdragnar on Sunday April 24, 2022 @03:18PM (#31147286)
Growing, but still rural city in the Midwest I visited a few weeks back has decent homes for sale in the 50-80k range. This is not an outlier.

Roughly 2/3 of Americans own homes.

If you live in an area where homes are priced like luxury investments, then yes, you'll have a hard time buying when you also cannot afford other luxuries. If you live in an area where they are not, it isn't unattainable at all, especially if you combine income with a marriage partner.

Re:Gen Z does not dream of labor by heavyset_go on Sunday April 24, 2022 @04:18PM (#31147910)
The places I've seen with houses in the $50k to $80k range are in Rust Belt-esque areas whose time has long passed, or in places where a "career" means working at Walmart or cooking methamphetamine. Their economic prospects aren't that great, and their long term economic prospects are even worse.

Rural areas also tend not to be great places for LGBT people, either.

Re:Gen Z does not dream of labor by LinuxBender on Monday April 25, 2022 @09:53AM (#31154752)
Rural areas also tend not to be great places for LGBT people, either.

That may be true in some areas. I can only speak anecdotally. I brought a couple members of the LGBT community with me to a very rural area that is about as cowboy-midwest as it gets. Everyone has been very civil and even the "Good ol boys" have been very respectful with them to my pleasant surprise. There are plenty of openly LGBT working in the local stores.

All of that said I have advised them against hanging out in the local bars after listening to the scanner a bit. There are a few regular angry drunks. Perhaps I am too overly cautious.

Re:Gen Z does not dream of labor by heavyset_go on Monday April 25, 2022 @05:23PM (#31160820)
> Everyone has been very civil and even the "Good ol boys" have been very respectful with them to my pleasant surprise. There are plenty of openly LGBT working in the local stores.

Speaking from experience, they're going to be on good behavior around you and others. It's what happens when they think no one will notice or no one will hold them to account when real discrimination occurs.

I've met plenty of people who claim to be LGBT supporters in public, but have no problem harassing LGBT people, discriminating against them and calling them slurs when they think no one else is looking. Same thing goes for people in power, like bosses and owners, or police and judges. Discrimination doesn't always look like American History X or the Westboro Baptist Church, the vast majority of it is low key and insidious.

Re:Gen Z does not dream of labor by LinuxBender on Tuesday April 26, 2022 @10:02AM (#31167581)
but have no problem harassing LGBT people, discriminating against them and calling them slurs when they think no one else is looking.

That's the very reason I suggested staying away from the bars. When people are drunk their inhibitions are gone and judgement is very poor. The LGBT hate crime that I know of happened about 23 years ago outside a bar.

Re:Gen Z does not dream of labor by heavyset_go on Tuesday April 26, 2022 @08:01PM (#31174688)
Yeah, even bars in the suburbs can get sketchy for LGBT people.
Re:Gen Z does not dream of labor by mrguyorama on Monday April 25, 2022 @03:57PM (#31159740)
Maybe individual people are nice to their face, but they'll still vote for the guys who implement "don't say gay" bills and the like, with is pretty anti-lgbtq
Re:Gen Z does not dream of labor by kortilla on Sunday April 24, 2022 @04:38PM (#31148084)
The Bay Area was nothing in the 80s either. NYC wasn’t even a desirable place to be during that time either.

People who pick just what’s attractive at the moment are pretty short-sighted and I have no sympathy for them.

Re:Gen Z does not dream of labor by heavyset_go on Sunday April 24, 2022 @05:03PM (#31148319)
> People who pick just what’s attractive at the moment are pretty short-sighted and I have no sympathy for them.

What's attractive and what's viable are often two separate things. NYC is not viable for someone making $40k a year, but neither is moving to the Rust Belt where their "options" are working part-time in department stores or literal crime.

Something tells me that this is a situation that can't be won in some people's minds. If someone makes the rational decision to not move somewhere that is not economically viable, in an area that's projected to become even more unviable with time, that's not good enough for some. If someone lives in a shitty area and moves elsewhere for better career prospects, but still can't make ends meet, well, according to posts like this, they should just have moved somewhere shitty instead.

If we applied the same to degrees, I doubt you'd feel the same about all of the "short-sighted" people who chose to study trades or liberal arts at a state school and now have poor economic prospects, instead of choosing what's attractive at the moment like STEM.

Re:Gen Z does not dream of labor by Clubber on Monday April 25, 2022 @10:43AM (#31155557)
The most obvious solution is remote work. The main economic reason people even live in large cities is jobs. If the jobs can be done anywhere, that would certainly revitalize a lot of the US to points we haven't seen in decades. I'd much rather live in a quiet rural area than in a city with high traffic, high crime and high costs.

Remote work would also have a cascading effect. Say 20 people move to a rural area, well they need food, and their vehicles fixed, and their house maintained, etc. They need to fund their hobbies and generally would bring more money to those areas. Big cities with a lot of power don't want that to happen because they will lose their tax base. I suspect some city governments are incentivizing businesses to bring employees back to the office because of this.

Re:Gen Z does not dream of labor by 121789 on Monday April 25, 2022 @01:41PM (#31158210)
I don't really think remote work will end up in any meaningful rural revitalization. The main urban->other migration I've seen from remote work in my peer group (USA) has been from urban large urban area->smaller urban area or urban area->suburban area. If that holds, we'll have more large cities and bigger suburbs, but I don't know that it helps rural areas at all. I think many people want to be around other people, and if you remove them from other people most of the day (with remote work), they'll want to see people even more after work. Urban/suburban areas are better for this
Re:Gen Z does not dream of labor by kortilla on Tuesday April 26, 2022 @10:49PM (#31175723)
> short-sighted" people who chose to study trades or liberal arts

People who chose to study trades would be doing well off, that’s a terrible analogy.

> liberal arts

Liberal arts has pretty much always had terrible prospects. That’s not short sighted, that’s just straight up blind.

Re:Gen Z does not dream of labor by bombcar on Sunday April 24, 2022 @03:32PM (#31147455)
Many people would consider a suggestion to live in the Midwest as about the same as a suggestion that they spend the rest of their life living in a decrepit sewer system.
Re:Gen Z does not dream of labor by zdragnar on Sunday April 24, 2022 @03:41PM (#31147568)
Fine by me; there's plenty of natural beauty and life style that would be utterly ruined by a massive influx of tech bro outsiders.

In the last year or two a locally-famous lighthouse went up for sale and was bought for cash by some guy from silicon valley. Instead of being turned into an attraction, or a house, or hell even an Airbnb spot, it remains untouched much to the chagrin of the locals. I guess the new owner can't be bothered to come out here and just liked the idea of bragging that he owned it.

Re:Gen Z does not dream of labor by saurik on Sunday April 24, 2022 @10:48PM (#31150322)
I am confused: you are simultaneously complaining about the tech bros ruining the natural beauty and style but are then unhappy that this particular tech bro didn't do a bunch of development on this lighthouse?
Re:Gen Z does not dream of labor by true_religion on Sunday April 24, 2022 @04:38PM (#31148092)
I’m sure they had some plans for it, but a little thing called COVID detailed most plans. Who knows, maybe the owner isn’t even with us anymore and their heirs are still figuring things out.
Re:Gen Z does not dream of labor by seabird on Monday April 25, 2022 @03:36PM (#31159552)
I hope they never think otherwise.

Every time the Midwest comes up on this site, you get these laughably stupid takes that it's some bombed-out shithole with no jobs other than crime, and where people kill minorities on sight. At least once every couple weeks, there will be a decently sized comment thread about how it's economically desolate and morally evil, and that no sane person would ever move here.

My only response to that is please don't ever stop believing that. Stay away. Don't come crush the housing market with your $200k+ FAANG salary so you can tut-tut the people that live here about how racist, sexist, classist, etc. they are despite having never actually talked to one of them in your life. For those that got dealt a bad hand in life, there is at least a chance for them in the Midwest. If keeping that chance alive means that somebody living in a coastal city thinks my community is human garbage, so be it.

Re:Gen Z does not dream of labor by skulk on Sunday April 24, 2022 @03:40PM (#31147559)
Maybe you should try to understand why certain kinds of people (of, perhaps the non-white kind) would not want to move into an insular community?
Re:Gen Z does not dream of labor by zdragnar on Sunday April 24, 2022 @03:47PM (#31147639)
Maybe if they visited, they'd find their assumptions to be unwarranted racism.

It isn't as diverse as some other parts of the country, but there's groups of people from all over the world. Within a 2 hour drive from me, you'll find enclaves from Korea, Vietnam, Somalia, Mexico and others.

Re:Gen Z does not dream of labor by sha256sum on Sunday April 24, 2022 @04:04PM (#31147804)
I went into an experience living in Wisconsin with exactly this viewpoint and was sorely disappointed at the shear amount of selfish, entitled, prejudiced behavior that exists only in these lands of strip malls and spoiled nature. I’m saying this so the next person reading your post isn’t swayed. And to those people: many of these towns are dead. They died long ago with the small farms and factories. The Houses are priced to sell.
Re:Gen Z does not dream of labor by smsm42 on Monday April 25, 2022 @12:45AM (#31150818)
I have been sorely disappointed by the shear amount of selfish, entitled, prejudiced behavior I observed in Bay Area, so what? The exact nature of prejudice may be a bit different, but it's still very much around here. OK, the difference in the Bay Area you pay 20x for it, I guess.
Re:Gen Z does not dream of labor by skulk on Sunday April 24, 2022 @03:57PM (#31147732)
If not wanting to live in an enclave as a nominally second-class citizen is racist, then I don't know what to say. Let's not deny reality here, that's really what you end up being if you try to interact with the main racial group in a rural area, or at least the vast majority of them. It doesn't matter what race this happens to be, it's how people work.

I know an Englishman who lives in an Indonesian village (not an enclave). He is constantly reminded that while his presence is cherished, he isn't, and never will be "one of them." He still loves it, though, so there's that.

Re:Gen Z does not dream of labor by zdragnar on Sunday April 24, 2022 @05:07PM (#31148353)
Most of the tightly closed enclaves are by choice (refugee communities tend to stick together harder than others, from what I can tell). Obviously, not everyone lives in an enclave.

What on earth makes you think they are second class citizens? They vote, attend school board meetings, own homes and live just like anyone else.

Re:Gen Z does not dream of labor by smsm42 on Monday April 25, 2022 @12:51AM (#31150837)
As an immigrant, individualist and severe introvert, I'd probably never be "one of them" anywhere anyway, why bother? I suspect that stuff is overrated anyway.
Re:Gen Z does not dream of labor by horns4lyfe on Monday April 25, 2022 @02:59PM (#31159172)
If you’re not very wealthy, and you’re living on the west coast, you’re a second class citizen there too. At least in Minnesota the rent is lower.
Re:Gen Z does not dream of labor by solenoidalslide on Sunday April 24, 2022 @04:21PM (#31147928)
Do you have black or Hispanic friends or colleagues that you know near you? Have you asked them about their experiences with race where you live?
Re:Gen Z does not dream of labor by zdragnar on Sunday April 24, 2022 @05:05PM (#31148343)
Yup. We've discussed it a fair amount, as we also frequently talk about the news. One friend in particular has lived in a half dozen states, mostly in large cities but also smaller communities, and now lives here because it is where he wants to be. He was stabbed in a metro area by a skinhead. This illusion that big coastal cities of super expensive housing as a mecca of love and diversity that exists nowhere else is just that.
Re:Gen Z does not dream of labor by sethrin on Monday April 25, 2022 @03:46PM (#31159650)
Have you tried being trans there? No? Okay then.
Re:Gen Z does not dream of labor by thereare5lights on Sunday April 24, 2022 @04:16PM (#31147900)
Have visited. The constant microaggressions are exactly what I expected.
Re:Gen Z does not dream of labor by david38 on Sunday April 24, 2022 @08:20PM (#31149540)
Spoken like a coastal elite. I’ve lived on the east coast, Midwest, and Cali. The Midwest is no more insular than anywhere else I’ve lived.
Re:Gen Z does not dream of labor by syshum on Sunday April 24, 2022 @05:11PM (#31148385)
There are plenty of "non-white" kind of people in the midwest. Jeeze the racist stereotypes of the midwest is laughable

In my neighborhood I would say at minimum 25% of the home owners are non-white families, if not more.

Re:Gen Z does not dream of labor by david38 on Sunday April 24, 2022 @08:23PM (#31149557)
Exactly. The racism and class prejudice is so blatant in this discussion it’s pretty wild.

Bunch of representative bias anecdotes, mostly be people who don’t live there, or haven’t in 20 years.

And yet, if the same environment were to be encountered in another country, it would be “culture”.

Re:Gen Z does not dream of labor by refurb on Monday April 25, 2022 @11:13AM (#31156015)
Insular? Now San Francisco isn’t that bad.
Re:Gen Z does not dream of labor by noasaservice on Sunday April 24, 2022 @03:50PM (#31147665)
And you'll get the politics and the religosity of the bible belt to boot.

There's a few islands of sanity here in the midwest, primarily around college towns. But... prices have doubled since 2016, at least in my area.

We're closing on a house. $375k. I'm one of the lucky ones. Like, super lucky. But it sold back in 2016 for $170k.

Re:Gen Z does not dream of labor by watwut on Sunday April 24, 2022 @04:04PM (#31147802)
I am willing to bet that if those places had well paid jobs easily available, people would start to move in.

For all the cultural likes and dislikes, mass of people is generally moving when they have pragmatic reason to do so.

Re:Gen Z does not dream of labor by patrick451 on Monday April 25, 2022 @09:51PM (#31163114)
And yet, it's only these coastal "livable" towns that I've ever seen somebody defacate on the sidewalk. In the midwest, at least people are potty trained.
Re:Gen Z does not dream of labor by spacemanmatt on Thursday April 28, 2022 @08:38AM (#31191745)
40% of U.S. residents can be described as "coastal" so you're painting with a pretty broad brush.
Re:Gen Z does not dream of labor by mattalex on Sunday April 24, 2022 @05:57PM (#31148715)
In those places the wages are also considerably lower. The 2/3 are not the people buying, it's the people inheriting existing property: First-Time buyers only make up 33% of home owners.
Re:Gen Z does not dream of labor by zdragnar on Sunday April 24, 2022 @07:10PM (#31149132)
Considering how long the average family stays in a home without moving, the first time buyer number sounds about right, sans the inheritance bit. I don't know of anyone who kept a home passed on by their parents except for cottages and cabins in the woods. Those typically aren't meant for year round residence anyway.
Re:Gen Z does not dream of labor by Copernicron on Monday April 25, 2022 @09:34PM (#31163015)
What if you want to live in an area with employment opportunities? I grew up in a small town in British Columbia. You can't even get a bachelor condo for $50-$80k there. There is nothing available for that price. There's also no industry at all outside of mining. You have to go where the jobs are and for a lot of people that means larger centres.
Re:Gen Z does not dream of labor by thereare5lights on Sunday April 24, 2022 @04:15PM (#31147890)
Not a great suggestion if you’re not white. The Midwest is not place I would want to subject my children to.
Re:Gen Z does not dream of labor by midislack on Sunday April 24, 2022 @03:15PM (#31147251)
Are you joking? In this example rent is only a small fraction of income.
Re:Gen Z does not dream of labor by skulk on Sunday April 24, 2022 @03:34PM (#31147482)
As another commenter pointed out, a 3.5% down FHA loan would make it feasible to buy a house with those numbers. But in any case, $80k is up there in terms of typical trades salaries, at least if cursory Googling can be trusted. Your median tradesman makes far less.
Re:Gen Z does not dream of labor by garciasn on Sunday April 24, 2022 @03:54PM (#31147693)
Where I live (Mpls), tradespeople make six figure salaries and are well above the median HHI for the area.

I lead a team that includes Zoomers and they are making six-figure salaries and are way ahead of where I was (accounting for inflation) when I was at their age.

This is more generational comparison garbage like the claims that Millennials were the downfall of our civilization. Just ignore it and move on.

Re:Gen Z does not dream of labor by smsm42 on Monday April 25, 2022 @12:40AM (#31150807)
The trick here is that you compare overall earning over the US (including rural Arkansas and such) with "mid-city" rent - i.e. only select places. According to https://worldpopulationreview.com/state-rankings/average-ren... at least half the states have median rent below $1000. And yes, you can't live in San Francisco on Arkansas salary, but if you ever tried to hire a plumber in Bay Area, especially for a job beyond "my faucet is leaking", you know very well it costs a real lot.
Re:Gen Z does not dream of labor by sershe on Tuesday April 26, 2022 @09:56AM (#31167506)
1) 80k/3 is 26.7k, 1.2k*12 = 14.4k. So, yeah, you can save for a downpayment by merely putting away your "comfortable housing spend" income, even before you move to a 1br apartment (1.2k median rent is for all units, even then I can only find 2019 numbers <1.1k), or save from the other parts of income.

2) Median house (not a Bay Area house) in 2019 was like 320k. Crazy house valuations are only from the last 1.5-2 years and wouldn't have affected generational norms (and we all know why the suddenly exploded). Even then, the median house is 410k, so all you needed/need you need to save is 65-80k in the /worst/ case.

3) Most people buying houses are/should be dual income, given the size of the median house. And given that you're competing against double income people (don't like it? you'd have to roll back the drive for emancipation/equality :)). If you double the income above you can save for a downpayment in like 3 years. I know families where neither partner probably makes 80k buying houses in boring cities e.g. in Texas - and not a starter house either... How? Dual income + non-coastal prices. And yeah, there are tons of jobs in the area.

Re:Gen Z does not dream of labor by thethethethe on Sunday April 24, 2022 @04:39PM (#31148100)
Us median _household_ income is 60k
Re:Gen Z does not dream of labor by stolenmerch on Sunday April 24, 2022 @03:18PM (#31147287)
I honestly don't understand. When I bought a home I was literally making the US median income and bought an average priced house. My rent at the time was about a thousand a month. I had normal student loans and regular bills too. It wasn't easy but it didn't feel like a miracle either. Not saying someone making minimum can do this by any means, but there's a huge demand for labor in decent paying areas right now. I genuinely feel like I'm missing a big piece of this puzzle.
Re:Gen Z does not dream of labor by boplicity on Sunday April 24, 2022 @04:05PM (#31147812)
The cost of a house has spiked to over 7x median income in the US, in a very short time. That's put buying a house out of reach for many people. Hopefully the bubble will burst -- but who knows? It could drag on for a very long time.

Historically, the cost of a house has hovered around 4.5 to 5.5x annual median income. It's currently at the highest level it's ever been, at least according to this graph:

https://www.longtermtrends.net/home-price-median-annual-inco....

Re:Gen Z does not dream of labor by jjav on Sunday April 24, 2022 @09:31PM (#31149949)
House price to income ratio doesn't tell the whole story because that doesn't include cost of mortgage. A more informative value to compare would be monthly payment to income ratio.

For example, when I bought my first home the price was around 4.5x my income. But the interest rate on that first mortgage was 8.25%

Re:Gen Z does not dream of labor by gruez on Sunday April 24, 2022 @04:20PM (#31147924)
What about factoring in interest rates? After all, people ultimately care about the monthly payments than about the sticker price.
Re:Gen Z does not dream of labor by nly on Sunday April 24, 2022 @07:14PM (#31149155)
For those in the US who generally fix their mortgages for full-term (25-30 years), this will definitely be offering some relief.

In places like the UK we have the same phenomenon but most people are on 2-5 year fixed rates.

Re:Gen Z does not dream of labor by heavyset_go on Sunday April 24, 2022 @04:36PM (#31148067)
> Hopefully the bubble will burst -- but who knows? It could drag on for a very long time.

The median home price in Canada is $800k and rising, while in the US it is $400k and rising. Housing prices in the US could easily double.

Re:Gen Z does not dream of labor by ac29 on Monday April 25, 2022 @05:42PM (#31161059)
> in the US it is $400k and rising

Actually the latest quarter median prices fell in the US, which may continue as interest rates increase.

Broadly speaking though, prices certainly are up over the last couple years.

https://fred.stlouisfed.org/series/MSPUS

Re:Gen Z does not dream of labor by bombcar on Sunday April 24, 2022 @03:31PM (#31147429)
People post what they feel like, not what they’ve actually tried.

Even if you ignore first time homeowner benefits and such, the usual thing necessary is not living in the middle of California.

Often if you actually dig into it you find abject refusals to consider locations outside of a particular one, or the famous “spend less on candles. no” type of thing.

https://mobile.twitter.com/dril/status/384408932061417472

Re:Gen Z does not dream of labor by rtlfe on Sunday April 24, 2022 @03:55PM (#31147708)
> My rent at the time was about a thousand a month.

Sounds like this was either a long time ago or in city/town where not many people want to live.

Re:Gen Z does not dream of labor by solenoidalslide on Sunday April 24, 2022 @04:23PM (#31147947)
What year did you graduate? It seems like most everyone who graduated in the past decade is screwed if they want to live near where the jobs are.
Re:Gen Z does not dream of labor by ceeplusplus on Sunday April 24, 2022 @03:19PM (#31147300)
At 80k your post-tax takehome is $5000/mo even filing single in a high tax state. Take out $400 for health insurance, $800 for car+insurance, $1200 for rent, and you've still got $2500 for food, miscellaneous spending, Roth IRA, etc. Even if all those costs come to $2000 - unlikely, since the Roth contribution limit is $6k / year - you're still left with $500/month in savings. And that's assuming your partner doesn't bring in _any_ income, which is exceedingly unlikely.

If your typical rent is $1200, that means property values in your area are almost certainly low enough to qualify for FHA loans, which only require 3.5% down due to government subsidies. 3.5% of $450k is $16k - so it only takes about 3 years to save for that down payment.

Home prices are high _because_ FHA loans allow people to have greater purchasing power (among many other reasons like NIMBYism).

Re:Gen Z does not dream of labor by rtlfe on Sunday April 24, 2022 @04:02PM (#31147777)
I hope this person never has a kid. Enjoy your rent doubling to get enough space and either losing your partner's income or spending $3k a month on day care. Plus whatever crappy insurance you're getting for $400 a month is going to leave with $10k+ in bills for just birthing the kid.
Re:Gen Z does not dream of labor by ceeplusplus on Sunday April 24, 2022 @04:23PM (#31147945)
From Kaiser's 2020 survey on healthcare plans, the average worker contribution for HMO/PPO plans for a family was $5000-6000/yr [1]. These are not high deductible plans (those are specifically broken out) so they're going to be pretty good insurance, especially PPO. So $400/mo is only underestimating the true cost by about $100/mo. You can't use ACA marketplace prices to judge what your average worker is paying.

> spending $3k a month on day care

It costs $3200/mo to pay someone $20/h for 40 hours a week, in what world does day care (where one caretaker takes care of multiple children!) cost $3000/mo? The average cost of child care in California, which has _the_ highest cost of labor in the US, is $956/mo [2]. If you use the infant care cost it's $1400/mo, still nowhere near $3000. Maybe in the middle of New York City it costs $3000, but that's not a realistic living scenario for a plumber.

If your spouse makes $3000/mo then the rent increase (call it an extra $800/mo to get to $2k/mo) and childcare cost ($1000/mo) are more than covered by their extra income.

Please just look at the data and take a moment to understand what expenses outside of SF/NYC/LA look like.

[1]: https://www.kff.org/report-section/ehbs-2020-summary-of-find...

[2]: https://www.epi.org/child-care-costs-in-the-united-states/#/...

Re:Gen Z does not dream of labor by jjav on Sunday April 24, 2022 @09:47PM (#31150039)
> It costs $3200/mo to pay someone $20/h for 40 hours a week, in what world does day care (where one caretaker takes care of multiple children!) cost $3000/mo?

Tell me you have no children without telling me you have no children?

The daycare my child went to is $2500/month. Not quite $3K but I'm not in the most expensive areas. I have no doubt it can go over $3K in SF/Palo Alto/etc.

Re:Gen Z does not dream of labor by ceeplusplus on Sunday April 24, 2022 @10:02PM (#31150117)
I saw in your post history you're also paying $2000/mo for health insurance. Maybe you're not making the wisest financial decisions? There's no world in which a rational person pays that much given the data and available plans. Even an ACA platinum plan (the top one) with zero employer or government subsidy is cheaper than that. I just looked and a Platinum plan in CA for a family costs $1400.
Re:Gen Z does not dream of labor by jjav on Monday April 25, 2022 @12:55AM (#31150858)
> I saw in your post history you're also paying $2000/mo for health insurance. Maybe you're not making the wisest financial decisions?

Not only an ad hominen, but changing topics?

> I just looked and a Platinum plan in CA for a family costs $1400.

I don't know where you looked but it's wrong.

I literally just went to https://www.coveredca.com/ and filled in details for a quote.

A platinum plan with Blue Shield is $2530.04/month.

With Kaiser, it is $2637.23/month.

Re:Gen Z does not dream of labor by nunez on Monday April 25, 2022 @01:02AM (#31150894)
gonna guess those averages include state-run programs where parents get vouchers for daycare

i'm not a parent and don't want to be one but know enough parents to know that daycare is bloody fucking expensive, usually thousands/mo, unless the parents have a support system, but even then it's a trade-off.

the silver lining of course is that it's a temporary expense.

Re:Gen Z does not dream of labor by rtlfe on Sunday April 24, 2022 @04:47PM (#31148188)
> cost of child care in California, which has _the_ highest cost of labor in the US, is $956/mo

The link you provided says $1,412. And this shows roughly $2500 in LA County and $3300 in SF County.

https://insightcced.org/wp-content/uploads/2021/05/INSIGHT_C...

Re:Gen Z does not dream of labor by ceeplusplus on Sunday April 24, 2022 @04:58PM (#31148269)
Did you bother to look at it? Or read my post?

> The average annual cost of infant care in California is $16,945—that’s $1,412 per month. Child care for a 4-year-old costs $11,475, or $956 each month.

$1400 for an infant, $950 for a 4 year old. And that's in _the_ highest cost of living state in the country. If you put Michigan it drops to $905/741.

> And this shows roughly $2500 in LA County and $3300 in SF County

Your link comes off as incredibly biased. In literally the second sentence it says "Black and brown people and women of color experienced profound losses of health, community, income, and business at rates far more severe than white households" There's a clear ultra-left political lean to it.

I also literally said that SF/LA/NYC are not representative of costs in the rest of the country. If you're a plumber in SF you make over 6 figures, easily. A plumber makes $80k in a random Midwest city, not in SF/LA. The state of California reported median plumbers in the East Bay made $115k in 2021 [1]. You are fundamentally trying to mislead by using Midwest wages and San Francisco costs. Not to mention that the inflated cost of living is caused by a housing shortage which subsidizing healthcare and childcare doesn't fix.

[1]: https://www.labormarketinfo.edd.ca.gov/OccGuides/Summary.asp...

Re:Gen Z does not dream of labor by true_religion on Sunday April 24, 2022 @04:49PM (#31148199)
They aren’t really talking about day care, but a nanny who only takes care of your own children. It’s what’s comparable to having a stay at home parent.
Re:Gen Z does not dream of labor by rtlfe on Sunday April 24, 2022 @06:01PM (#31148739)
I wish. Nanny would be probably double that where I live.
Re:Gen Z does not dream of labor by nunez on Monday April 25, 2022 @01:00AM (#31150882)
also assumes no loans or credit card debt, both of which are unfortunately likely

also assumes that you are mentally strong enough to live like a pauper to hopefully afford the bare minimum required to scrounge up a downpayment.

doesn't assume building a maintenance fund (2% of home value per year), closing costs (2% of home value, one-time cost), purchasing stuff to fill the home (like furniture/appliances), etc.

Re:Gen Z does not dream of labor by sieabahlpark on Monday April 25, 2022 @11:54AM (#31156643)
Perhaps you would find most plumbers wouldn't live in a city with a rent of 1.2k/mo?

Is that really all your definitive "false" relies on? Hell I know tradesmen that make well over that and live in more rural areas.

Re:Gen Z does not dream of labor by marcusverus on Monday April 25, 2022 @09:09AM (#31153979)
Sorry to be so blunt, but you have absolutely no idea what you're talking about.

The median household income = 67K[0]. >60% of US households own a home.[1] Clearly 80K is more than enough to safe up for a down payment.

[0]https://fred.stlouisfed.org/series/MEHOINUSA672N [1]https://en.wikipedia.org/wiki/Home-ownership_in_the_United_S...

Re:Gen Z does not dream of labor by polygamous_bat on Monday April 25, 2022 @09:15AM (#31154065)
That is a logical fallacy: owning a home != buying a home, inheritance is a thing.
Re:Gen Z does not dream of labor by sidewndr46 on Monday April 25, 2022 @09:45AM (#31154600)
To reinforce this, if you follow the links it states

> The term "home-ownership rate" can also be misleading because it includes households that owe on a mortgage.

Depending on your credit score and your down payment, you can wind up functionally renting a home for many years even if you "own" it on paper. It isn't until the final years of a 30 year mortgage that you actually significantly pay down the principal.

As long as interest rates remain low and the credit requirements are lax, most of America can in fact "own" a home. Expect prices to skyrocket, as buyers become more and more decoupled from the cost.

Re:Gen Z does not dream of labor by marcusverus on Monday April 25, 2022 @01:07PM (#31157759)
This doesn't really contradict my point. How do these people have mortgages if they're incapable of affording a down payment?
Re:Gen Z does not dream of labor by marcusverus on Monday April 25, 2022 @01:21PM (#31157963)
Only ~30% of people receive an inheritance, at an average age of ~50. But folks in their 50s already have a homeownership rate of >60%. I doubt inheritance has much of an impact.
Re:Gen Z does not dream of labor by woojoo666 on Sunday April 24, 2022 @03:15PM (#31147258)
I found a website that says average cost of living in New York (for 1 person) is $3200/month. That's around 40,000 per year. If the electrician is making 80k, that would mean they could save 25k/year after taxes and living expenses. 8 years of work and they would have 200k, enough for a down payment right? And this is assuming they live in new york, one of the most expensive places in the world

[1]: https://livingcost.org/cost/united-states/ny/new-york

Re:Gen Z does not dream of labor by wonnage on Sunday April 24, 2022 @03:28PM (#31147404)
Sure, if you save every cent and commit to being single without children for 8 years. But if you go to the dentist, drop your phone on accident, find an S/O, go to the gym, eat out every once in a while, buy some new clothes, pay off student loans, ...

It's just very silly to find a website, grab a number, and then conclude that saving 200k in 8 years is realistic

Re:Gen Z does not dream of labor by woojoo666 on Sunday April 24, 2022 @03:38PM (#31147535)
I think the living expenses include health expenses, but other expenses like phones and travel probably not
Re:Gen Z does not dream of labor by rtlfe on Sunday April 24, 2022 @03:54PM (#31147694)
I doubt this hypothetical person making $80k has a Cadillac health plan. They could definitely be looking at costs like $1500 for a dental crown and $1000 for an MRI before they hit their deductible.
Re:Gen Z does not dream of labor by slg on Sunday April 24, 2022 @03:30PM (#31147427)
These numbers don't add up. Someone making $80k in NY will be paying at least 15-20% in taxes. This hypothetical person would have a max of like $400 a month for all their non-housing living expenses. That isn't happening in a high COL state like NY.
Re:Gen Z does not dream of labor by woojoo666 on Sunday April 24, 2022 @03:37PM (#31147517)
I assumed 15% taxes, so 80k - 15k (taxes) - 40k (living expenses) = 25k
Re:Gen Z does not dream of labor by slg on Sunday April 24, 2022 @03:49PM (#31147655)
I guess I misread what you said. I would have sworn you said housing expenses and not living expenses.
Re:Gen Z does not dream of labor by woojoo666 on Sunday April 24, 2022 @06:30PM (#31148911)
I'm sure there are plenty in NY that pay $3200 for just housing, so you wouldn't be far off