2/ Blah blah get off my lawn blah blah back in my day... Our parents bought their 1st homes for like $2k and a stick of gum...
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My old man bought his first place for 28k, made 40k a year. I make the same and a house is 500k on average. But we're entitled...
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I know right? No wonder they look to the 50s/60s w so much nostalgia. At 22 they were starting careers & buying affordable 3 bedroom houses.
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Hard to save when you're paying back large loans and rent. Living in the city doesn't help but that's where the work is. It's not that we
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Don't want to save, it's that it's physically impossible for most. Wages are too low/jobs not available and cost of living is too high.
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I live in the NYC area make what most would consider great money and it's just not feasible.
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When having to take at the very least a two hr daily commute to work is the only option in home ownership, I'd rather rent.
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This may come as a surprise to them but...I'M TAKING 'IT' WITH ME! BRWAHAAAAA!
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Cause many are living paycheck to paycheck?
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Yeah, why aren't they saving all that excess money to buy overpriced houses I wonder
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And I'd argue most couldn't afford it and even if they could it's probably not worth it to begin with.
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Not an easy Twitter topic. Basically depending on the market in question it's likely to be either overpriced or not a good investment.
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Housing markets in general are still in disarray after the bubble burst a few years back. Plus the idea of home ownership being a must is BS
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For many it's a tradition, an achievement set by a time and a generation long since gone. Times have changed considerably.
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Owning a home is nice. But it's absolutely fine not to, especially if the homes are overpriced and/or not the investment they used to be.
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houses/mortgages on sub middle class/dual incomes are for suckers. b-but my equity!! they cry
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