Well they finally connected dots 1 and 2, huh.
Because then they can’t tip their landlords, of course! /s
News flash, the vast majority of people want to purchase a home, not continually rent forever. Yet, many can’t even afford to do so. More at 11.
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I bought a house because I hate being beholden to unreliable landlords. Shoddy maintenance, selling the place, neverending rent going up every year. Been there, done that.
Enjoy the neverending costs… Stay angry
- You’re paying someone else’s mortgage
- Could be kicked out for no reason
- Can’t modify your home
- In the end, all that rent money goes towards nothing for you.
Enjoy not actually owning anything.
Enjoy thirty years of debt
You people are incredibly butthurt. I am pretty sure I deleted all my comments because you capitalists were annoying so why/how are you still writing me?
And rent going up every year somehow isn’t neverending?
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What exactly do you think rent is?
Dude…you think your landlord is loosing money? You’re subsidizing all his expenses with the house and paying a nice extra on top of that. That’s what rent is!
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That and most landlords are in it to make money. You’re secondary to their budget.
Expenses to maintain a house should not be so overwhelming that renting is more cost effective. If that were the case how would a landlord make any profit?
It’s more likely that you were just particularly bad at homeownership. That’s on you, not owning a home in itself.
I never said I would be saving money by renting. I think I figured it out. You people are so weirdly defensive because you have to justify to yourself being in debt for 3 decades.
Is there an obvious answer to her question? Why did they think they/we aren’t doing it?
The obvious answer is that she’s wrong. By the numbers Millenialls born in 1990 have a slightly higher rate of home ownership (43%) than GenXs born in 1970 (41%). Most of GenZ simply isn’t old enough to purchase a home. If we define them as being born 1997 to 2012 then the very oldest of them are 27 with the youngest still being in Middle School! The vast majority of GenZ is somewhere in the middle around 18-24 years old. They either about to graduate High School or College but either way they’re not at home buying age yet.
Some think “younger people” shun the responsibility property brings with it. And obviously that we spend our money on traveling, Netflix and expensive gadgets instead.
Don’t you know, if you cancel Netflix you can afford to buy a new house or car!
At this point I barely even try to save up, because I know that the outcome is going to be the same either way. I will still be thousands away from ever realistically owning my own home. So what is even the point of trying to save beyond what I need for rent bills and a little bit for the occasional emergency? There isn’t, the only reason I stop buying junk food just because I couldn’t afford it anymore with inflation, and I stop by and games on Steam because I basically own every game on Steam. There is nothing for me to spend money on. I can’t make down payments on a house because the money I have to work with is nowhere near what they would even entertain as such a Down payment. If there are four digits in my bank account at the end of the month, I consider that a fucking miracle. And this is even after I stop spending because there’s nothing to spend on. I feel like the richest poor person in the goddamn world
This, you have to remember this is the same generation that thought we were being antisocial by staring at our phones all day. Ignoring the fact that we are actually talking to people all across the world while we do so, and that we were not in fact just staring blindly at a screen.
In my case I really am antisocial. I only ever message my family and the one guy I used to hang out with would phone me and talk for hours mostly by himself.
That me. I shun the responsibility property brings with it. I there a chance I’m still “younger people?”
Obligatory douchebag wealthy boomer remark about “avocado toast” and the outrage over man buns. They’re out of touch and their perspective of having afforded a house means they cannot understand a world in which they ruined opportunity for future generations.
This, I actually went to a program called Step Up that tried to help people out of work find employment in town, the program did not last long and I stopped seeing adverts for it very shortly after I graduated the program.
As I thought they were going to set me up with resources, or maybe there were some businesses in the area that worked with the program and directly hired from them, but no, they were just a bunch of Boomers from the big cities offering their practical advice and where to get yokels like me back to work.
Basically none of their advice was practical, and they kept getting the phone numbers and URLs we were supposed to call or click on in order to go to the next class mixed up, causing me to miss a few. They actually threatened to kick me out of the program over it, until I pointed out with screen caps that they legitimately did give me wrong urls.
So what was the advice that their needlessly complicated program offered? Well they kept asking me to show up at random businesses and just ask to talk to people, and if I was unwilling to do that I could just make a bunch of cold calls. I told them that I was not comfortable doing that and if they had any other help they could give me I would take
Eventually they threatened to drop me if I wasn’t going to take their advice, so I made cold calls. To pretty much every business I was qualified to work for, because oh yeah degree inflation has been a thing since these people were in the marketplace.
And exactly what I thought was going to happen happened, a lot of really annoyed customers sales representatives told me to never call them again unless I was buying something or had a question about store operation.
These people still think it works like it does in black and white movies, were you just go into a local mechanic shop, talk about how you know what a wrench is, and shake hands with the guy who runs the place.
These people believe that it’s a wonderful life, a movie where a 20,000 a year dollar salary is more money than George Bailey can imagine, and a house worth $5,000 is just this amazingly extravagant property, is an accurate representation of the modern Marketplace.
Ever wonder why baby boomers are so stingy even when they’re rich, to the point where they’ll throw a fit upon being expected to pay average price for things? They don’t have much of a concept of change, to them spending a dollar on a candy bar is highway robbery.
They are so stuck in their ways that they are constantly baffled when a nickel can’t get them a Coke.
That analogy is really a big deal, and you would think the inflation that they lived through during the Carter and Reagan years would’ve made them as a whole, more sympathetic. We’re dealing with prohibitively expensive medical costs, and home ownership being a pipe dream, to where we try to explain to them that a $400k mortgage on a $70k wage/salary doesn’t equate to what they had available to them.
There are some who get it, but anecdotally they seem obscure and silent in comparison to those who pulled the “nOboDy wAnTS tO wOrK AnyMOre” card.
I really wish it could be highlighted how shitty people are treated when they’re trying to get employment. Between getting ghosted or some of the bullshit hiring managers have in their minds, I’m seeing that people who eventually do find a role are very well justified in just sticking to the job’s expectations, and “going above and beyond” is an uncommon practice.
Ending hustle culture is one of the best things I’ve seen over the past year.
Honestly the only time I go above and beyond is when I have a few hours left on the clock, and I need to find something to do outside of sitting down.
Going above and beyond is something that only makes sense, if your boss is a sociopath and you really need a job, or you live in 1970 whatever and getting promoted up the corporate ladder is realistic.
Seems maybe they need to spend more time around younger people without simply dismissing them due to lack of real world experience.
too much phone, not enough struggling with PDF
Some folks are able to buy a home but choose to rent because they can also afford a landlord that’ll actually do the job a landlord is hypothetically there to do and fix the place up if there’s an issue
Also if you don’t want to be stuck in a particular city or neighborhood for long, renting is a better option.
I was happy to rent in my 20s because I’d move to a new town every year, trying to find the one I liked best.
Weird to me how hypothetical a landlord’s “job” is compared to, y’know, any actual job.
Yeah they’re all parasites unless I’m demanding they fix something then I need them and life sucks unless they do a bunch of work.
People love to trash landlords for not working 24/7 the same way they trash teachers for having summers off, but when it rains it pours for landlords and problems always come at the worst time.There are good landlords and there are bad landlords. Just like tenants.
Boo hoo it’s so painful to own other people’s homes 🙄
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The difference here is teachers provide a valuable service, and landlords do not. I don’t care how good the good ones are, their entire job is “had enough money some years ago to buy a building, and now lives off other people’s income”.
In all my years renting from individuals to big property management companies, good and bad alike, never was it easy to get things fixed which is apparently the only advantage to renting. Days/weeks/months go by, all the while I’m dumping money into their pockets for the privilege.
At least when owning, the money I have to spend on my mortgage and repairs is going toward the value of my house, and not the ethereal void that is a landlord.
Teachers don’t get paid for summers off. Teachers often work summers anyway.
Wait that’s what landlords have to do. Idk how it is in America. But in Europe is pretty much a law
It’s law in Canada too, but the Landlord Tenant board is so backed up with complaints that you’ll have to wait ages for a response to anything but emergencies
In theory American renters are protected by the contract they sign with their landlord, with some basic protections guaranteed by law.
In practice,
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landlords have essentially no competition, since they own many properties in an area, meaning that contract terms rarely differ in any way that matters;
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landlords don’t compete meaningfully with home ownership (see OP);
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alleging breach of contract requires an expensive court case against a landlord who has more money than you and can hire a better lawyer;
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those basic legal protections are rarely enforced, and when they are it’s in civil court, not criminal court, meaning that they can be ordered to comply, but any penalty is financial (and only a pittance goes to the claimant), considered by many landlords to be the cost of doing business and an acceptable loss.
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The u.s. mostly only uses civil enforcement. If your landlord isn’t upholding their end of the contract then the contract is void and you can move somewhere else. There’s rarely any mechanism to make them do anything.
Obviously, everyone just prefers to give their landlord 2/3 of their after tax salary. /s
Ooh, I feel like rent payments should be pretax or tax deductible and it would help a ton of people out.
Someone tell me why that would be a bad idea, I’m genuinely curious.
Home owners get to write off interest, so us renters should get something.
The real bitch is that I could totally afford a mortgage. I’ve lived in the same place for 11 years without missing a payment on my rent, but because it’s rent it doesn’t count towards my credit score, so fuck me right?
I was going to but then I saw an avocado toast and now I can’t afford a house. Silly me.
Mmmm… Avocado toast sounds yummy… Here I go again wasting money on silly things like food. I can’t help myself 😭
Wait, why didn’t you get a 34k gift from your grandfather to buy your first property, like avocado toast dickhead did?
Youre just doing it wrong, bro
Pfft that’s stupid. Everyone knows millennials prefer to rent because settling down just doesn’t fit our lifestyle, bro.
Plus we aren’t “handy” enough to deal with all the work of owning a home.
Just kidding, it’s because we’d rather be driving for Uber or something, I don’t know.
Point is, we’re just lazy, entitled, inept children.
I thought we couldn’t afford a home because we bought too much avocado toast?
And Starbucks. Remember had we invested in Starbucks instead of buying it, we’d be bagillionaires like heroes Elon Musk and Jeff Bezos who totally got rich the same way.
Yeah, just do the math! $5.00 cup of coffee every day for a year is a whopping $1,825! That’s like 2 weeks rent in LA! After 10 years you could buy a used Ford Fiesta :O
That last article comes sooo close to figuring it out.
Finally, renting allows millennials to live in more desirable or “happening” parts of cities that would otherwise be cost-prohibitive for home ownership.
That sure sounds like a fancy way of saying we can’t afford to buy houses.
Sadly, Millennials aren’t handy. Baby boomers are famous for the idea of being able to fix it themselves. If the dishwasher broke, they fixed it. If the carpet needed cleaning, they cleaned it. They enjoyed doing these tasks on their weekend. That is not the case with Millennials. They don’t care to understand how to fix something.
These are the same people that can’t use an iPad unsupervised without somehow getting tricked into sending $2k worth of bitcoin and their SSN to a scammer.
Boomers invented using several different screws in a device to make it unfixable, and then making sure it broke in a year or two
Yeah, the shit they fixed was generally just a motor and some bearings, maybe with some simple electrical switches. Everything was simple and made as durable as possible because that used to be a selling point.
Modern appliances are specialized computers with moving parts that are designed with cheap, flimsy pieces that are only meant to last until their warrenty period runs out. One minute after that and its all “replacement parts? You mean call our service dept or buy a new one, right?”
Lots of boomers fixing modern machines out there? Somehow I bet they are still talking about that one time in 1983 when they changed out the belt in a dryer that had 6 parts total and had been working for 23 years. Yeah, congrats. You did a simple thing to a simple machine.
Being the guy who owns a truck (work truck, I’d love an electric work van or teleporter since we’re now in fantasy land lmao) I went with my parents to pick up a new washer and dryer for their house.
While wandering around one of those “we fixed this broken used stuff, and are now selling it to you at 70% original price” , the old guy behind the counter kept talking mad shit about how people my age don’t know how to just fix something, and the whole time I’m looking around at verious appliances, I notice something pretty obvious.
All this shit is old, extremely simple, or the only issue was clearly cosmetic and was likely purchased as part of a defect lot. No smart devices, no sensors, not even microwaves. Just things exactly like you described, a belt had broken, or some very simple swappable part needed swapped.
I asked him when the last time he fixed a computer was, or the last time he worked on a car from after 2010. Because I do those all the time, and never see people his age working on their own stuff, they always come to people my age. So maybe let’s just get along with our business and try to show off on our personal times, huh?
He thought that was hilarious, and I wasn’t intending for it to be rude so I just chuckled with him and went about loading everything up.
Honestly I love working on older things, and I like working on my truck because of how simple it is. My truck is from the 90s, and while it’s about half the size of modern trucks, I’ve always wanted a smaller one like an old Ford ranger or even some of the smaller pickups from the 60s/70s. If I could do an electric swap within my budget limitations on one of those, I’d be soooooo thrilled. Modern EVs are too complicated for me now. I can do electronics work, but damn.
In my experience, boomers pay someone else to fix it, then say they did it themselves. Gen x are the do it yourselfers.
Gen X here. I’m just shocked someone remembered us
Boomers created the current system where you can’t “just fix” your dishwasher. The old dish washer at my parents can be fixed with a screw driver and a ¢25 washer from home depot. The newer ones are all glue, one way plastic clips, and stickers that say it can only be repaired by a certified repair shop. I get kinda what they are saying but the change didn’t happen in a vacuum. I used to repaired computers for a living and I noticed year after year computers became more difficult to repair. For most laptops you can’t just open them up and swap out bad parts. It’s all glued together and has micro components that need to be resoldered to the motherboard. Great for size but impossible to repair outside of the manufacturer. I mean for fuck sakes their are billion dollar military equipment that can’t be serviced without the manufacturers help. It’s all a scam to keep us dependent on corporations.
The pixel watch is so bad that if you crack the screen, Google tells you to throw it away and buy a new one. Apparently even Google themselves can’t repair that.
Proper watches >>>> wristphones
I can’t remember who made it, but some years ago before the big smartwatch boom, someone put out a watch that had a standard mechanism, but also a tiny one-line screen that would show information like texts to you. That seemed like a good middle ground. But I don’t see a lot of watches that fit that middle ground anymore.
Withings and then Nokia had this one. Looks decent
They still do: https://www.withings.com/mx/en/scanwatch-2
And they’re awesome. Battery lasts weeks on a single charge, works like a watch should, tracks all sorts of things and gives you silent notifications like a smart wearable should.
That might be the one I was thinking of.
isn’t that just a pager?
Only really high-end pagers showed texts and you didn’t have the convenience of wearing one on your wrist.
That said, it makes Google a hell of a lot more money if you keep buying new watches than if they have to keep repairing the old ones.
Knock on wood, but I’m still rocking a fuckin’ Pebble. The build quality on these is fantastic.
That’s the logic behind every one of those decisions that made things harder to repair. The only fix really is government intervention, because capitalist logic by itself dictates that this is how you make more profit.
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Not to mention… you can’t fix modern appliances. They’re built to be replaced.
PLUS if you’re working multiple gigs to make ends meet over 40 hours a week, the last thing you want to do on your free hours off is try to take apart your dishwasher
This. My uncle used to have a garage and already in the nineties was complaining that fixing cars was about to become impossible due to the addition of electronic parts that were black boxes to him. 30 years later and we live in a world where obfuscation is done on purpose.
Edit: we must start a movement of open source appliances. Cut out the middleman, buy directly the parts and assemble the thing yourself, so youu know exactly how to fix it later on. If it works for 3d printers why can’t it work for kettles and dishwashers?
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GenX here. Why haven’t I bought a house?
Probably the same reason I didn’t - waited too long, and missed the window of affordability.
I knew I should have bought that house when I was 3
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For years we all heard how renting is sooooooooo much better cuz u don’t have to fix anything. Now those ppl are learning why home ownership can be advantageous.
I feel for gen z but half of millennials were laughing all these years now have shocked Pikachu face and own nothing except mtg cards and Funko pops.
Who in the hell ever said renting was better? Since the advent of money it has been a losing proposition to continuously pay for something you won’t own. The only people pushing for renting over owning are the landlords.
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Of the renting units were provided by the government as a non-profit, renting would actually have made sense.
But now instead, it’s just because you cannot afford the upfront capital.
I mean, if you search online you can find articles that talk about the pros of renting. I’m assuming those same points have been said before.
The only people who ever have been laughing have been the boomers at millennials’ expense.
Right because they could have afforded a house 10 years ago…
Who told you that? Was it your landlord? Millennial here. I’ve never heard that my entire life.
