I recognize that art style!
“I hate it.”
What in the ASCII
I hate it. (I read the entire thing.)
“You mean you can just BUY them?”
I work for a lot of older people, and it’s often hilarious to listen to them complain about young people. This month i was at some ladies home, she said that people just don’t want to work these days. She then told me that she always had to work, if she didn’t have work, she was ironing clothes for random people to make money.
Wow that’s interesting. You and your husband (a guy working in construction, doing odd jobs) were able to buy a house and have two children, while compared to today not even having real jobs at 25? That sounds horrible. I have a job for 21 years now, there wasn’t a day that i didn’t have a job, no children. The only reason i have a house at 40 is because it was dirt cheap and i renovated everything myself.
They also lied to the the mortgage brokers, you could just do that and your bosses would help with dodgy payslips
“What’s a computer” energy.
I see comics/memes posted about this constantly and while it is slightly true, it’s not true enough to really be funny, to me at least.
Millennials are tracking behind their parents: 62% of 40-year-olds owned their home in 2022, lower than the 69% rate for baby boomers at the same age.
62 vs 69% is a very meh difference, it’s still roughly 2 out of 3 people who’ve bought a house.
And Gen Z is actually tracking very slightly higher than Gen X:
Gen Zers are tracking ahead of their parents’ homeownership rate: 30% of 25-year olds owned their home in 2022, higher than the 27% rate for Gen Xers when they were the same age. But the Gen Zers who didn’t take advantage of the pandemic-era’s low mortgage rates could be left behind.
I think a lot of the sentiment comes from the absurd difficulty in getting there and maintaining it now. Single-salary home ownership is just dead and buried for the middle-class and even with more than one person working full-time, it’s a grinding slog to make monthly payments and expensive upkeep that never ends.
Also, backing up the request to check sources. Some data just asks if you live in an “owned home” and a vast number of young people are just living with their families and parents now through adulthood. That counts to some surveys as “owning a home.”
What’s your source for that? I’d like to see the methodology as it can make a huge difference
If I’m living with family because I can’t afford rent, some studies would consider me to be a homeowner because I reside in an owner-occupied home, despite the fact that would be a misleading statistic
Alternatively, if I’m living with a spouse/partner and they own the home, with only their name on the deed, I am still effectively a homeowner but may or may not be included depending on methodology
This fails to track the debt occured with those purchases
There is no legend for the graph with colors.
Important caveat with that data: It’s showing the proportion of houses that are owner-occupied, not the proportion of people that actually own their homes
So if I’m a young adult renting, then I hit hard economic times and move back in with my parents, I have now increased the homeownership rate because I would then be moving from a renter-occupied home to an owner-occupied home
