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this post was submitted on 22 Mar 2024
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I don't understand why he says things like 'feel like' here - it's not a question of feeling it's a fact. Working hard won't get you success.
Also what the actual fuck is this:
Who the fuck considers living with roommates until you're moved into a public old age home, assuming they even exist by then, a 'good life'? Kids today are worse off than kids 20 years ago, fact.
Here's who own homes by age:
Thanks for this. I'm so fucking tired of the older generation trying to tell me this isn't the case.
No worries, I'm the Oldest Millenial (1981) bracket and even we're staring at some pretty stark statistics, so image what Gen Z are feeling and experiencing here. Here's more you can tell them back.
Not only are 'we' down (the royal 'we' of renters), we're getting kicked while we're there.
And unlike a mortgage, you build no equity with renting. When you own and pay into the mortgage, you at least get some of your investment back when you sell and move. You get nothing back out of paying rent when it is time to move.
Homes going up by nearly 10% per year is a huge part of the problem. If a home cost 500k one year, then goes up 10%, its now 550k. How the hell is a person expected to obtain a home when they are increasing by the persons total annual salary of 50k each year?