The Rise of the Forever Renter Class

Re:The Rise of the Forever Renter Class by mtalantikite on Wednesday May 08, 2024 @09:21AM (#40297828)

Exactly, we can't speculate on what they did in their 20s. All we can do is go from what they said, which was basically "We can't justify moving because we'd have to get a mortgage at a much higher rate". I don't think that's uncommon. I have plenty of friends that bought with 2% interest rates, and they wouldn't be able to afford the places they got with 7% rates. It's also not uncommon for people to be in their 40s and 50s without owning a place in NYC, I have plenty of friends also in that boat.

And yeah I've been in BK for almost 20 years now, I remember hanging out in Williamsburg in 2000 when I was in college, it wasn't that bad. I actually prefer the old version of it to what it is now. Sure, it wasn't the Los Sures of the 80s by the time I got here, but it was a lot more fun. I only had my life threatened once and we deescalated quickly!

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Re:The Rise of the Forever Renter Class by listenallyall on Wednesday May 08, 2024 @02:38PM (#40301507)

Wait, so you're in your 40s? What was the point of mentioning that the people you overheard were in their 50s?

You've spent your entire adult life, 20 years, living in one of the most "cool, hip, upscale" neighborhoods in the world, obviously that location and lifestyle comes with a high price tag. If somebody repeatedly bought brand-new Ferraris for 20 years, you'd shake your head if they started complaining about money.

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