Stupid fucking bitch.
I don’t buy Starbucks ever. Where’s my home?
Boomers needed houses 50 years ago.
Gen X needed apartments 30 years ago.
Now you need a nice Transit Van.
What’s about us Y-Geners, why are we always left out :'(
Payment’s about the same.
Stop buying Starbucks coffee
Ah shit, here we go again…
That’s a good way to get a McDonald’s coffee express delivered to the face scalding hot.
I have no idea who this person is nor why I would possibly give a shit what she has to say about anything.
But now you commented somewhere online and kept interactions up with the article. So it has achieved what it meant to. To be rage bait.
Eh, not really. This is lemmy. Nobody hears you scream here.
I also forgot I even posted this.
Booo! Get some new material!
This would have been a completely out of touch thing to say 10 years ago.
To be saying it today is a choice. It’s willing and malicious. She’s just provoking people deliberately because the response is what she’s after.
Ignore her
Or maybe it’s virtue signaling to peers/investors rather than punching down for the sake of agitating the poors. Regardless, it’s definitely somewhere between sociopathic and malicious.
Ignore [billionaires]
You ok there TheJesusaurus?
Truly. Like, I got very lucky and own a home. There is no way in hell I could afford this market and I make double what I did when I bought this house.
I want to punch every rich motherfucker who blames it on coffee purchases in the neck.
The median price of a home in the U.S. is about $460,000.
Let’s say by some miracle someone is able to put 20% down to avoid PMI so the cost is now $368,000. On a 7% 30 year loan your monthly payments will be $2,448/month.
So if those darn Gen Z would stop spending $80, literally every day, at Starbucks, they could afford a home.
People that say shit like this are wealthy enough to be completely out of touch with reality.
people are paying with cash, or full price right off the bat, aint no genz going to compete with that. its mostly milleneals who had been in tech for a while + having family to pitch in on the cost or repairs/renovation. our next door neighbor was like this, but they were delusional into thinking having a child gives a priority to purchase it first.
it’s one latte, michael. what could it cost, $80?
That’s also without escrow for taxes and insurance (some, not all states)
The latte?!
As someone who is paying a mortgage around the $2,500 mark, I can say this is a steal compared to renting anywhere within 1-2 hours of my area. I want to sell, but I can’t afford to… if I wanted to and move elsewhere into an apartment, I can possibly get something as low as $1500 but its run down, in a bad neighborhood, and only a studio or maybe if im lucky 1 bedroom. $2000, it’s still terrible looking from what I’ve seen. $2500 or basically a mortgage gets you something ok, but at this point, why sell and get something worse??? 3k mark is the starting point to getting you semi luxery, but I can’t afford that! That’s why I want to sell to begin with! The entire system is fucked… I don’t envy anyone that is just about to start their lives and move out.
better off not selling, are in a hcol. one of co-workers are getting a studio for 2k/month, its hcol in the west coast. our job isnt in tech so we arnt well off people.
CEO of a company that is actively making it harder for people to afford housing.
These jokes write themselves.
Yeah, sure, it’s all about individual success, nevermind the actual population level trends, it’s all on you to figure out some way to afford your life.
I agree that buying your first home takes some sacrifices. But the sacrifices even 20 years ago were significantly less than they are now, let alone 40 or more years ago. I would hope that someone in her position would understand that it’s not about saving $5 or $10 a day on Starbucks, or even buying a cheaper phone. The disparity between income and home price is just completely different.
Median household income in the US in 1980: $21000
Median home price: $47000 (2x)Median household income in the US in 2000: $42000
Median home price: $163000 (4x)Median household income in the US in 2020: $67000
Median home price: $327000 (5x)It doesn’t take a genius to see the discrepancy here. That’s a lot of fucking Starbucks coffees to not buy to make up the difference.
Note: I’m using US numbers because of the context.
Not disagreeing with the numbers but could you provide your source? I would like to use this next time my family says a house is cheap/good deal ($500k for 2b 2b in the sticks).
Found this. No idea if the same source as OP, but says federal reserve data
https://www.visualcapitalist.com/median-house-prices-vs-income-us/
Holy shit that was tough to finish that article. There are so many quotes from this idiot that are just fucking nonsense. Here are my top three:
“It is just as tough,” Liebman exclusively tells Fortune. “Back then, it was more difficult in some ways because you had less neighborhoods that people would live.”
Plus, she says, never has there been more opportunity at young people’s fingertips—not just when it comes to inventory on the market: “If you’re not afraid to show off your skill set, and you try and find yourself an opportunity where you’re going to be appreciated and where people are going to allow you to expand your horizons and hopefully add value to the company that you’re at, I think it’s an unbelievable time.”
“It’s not that expensive,” she adds. “So if you’re willing to move around, which people are now, I think that there are definitely opportunities out there… You’re going to secure a much, much less expensive apartment than if you are insistent on being in the West Village.”
When they show you how stupid they are, believe it and remember it. The myth of meritocracy has to die.
I’m about to list my house for 20k more than I purchased it 3 years ago. When it goes on the market there will only be two other houses in the same price range (~100k range, with mine in the middle).
What she’s saying is so insanely out of touch. That’s a 70+ year old house and my elderly millennial ass could just afford it after years of saving
I won’t be recomping the improvements I made to the house, that 20k is basically going to the realtors lol
Dumb cunt.
