Wells Fargo ad about millennials eating out

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

well, that's your problem right there. you want something updated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.

Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour

Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.

Stop taking out expensive student loans, pick a field with good income potential, and go live somewhere cheap. I shared an apartment with roommates up until I got married at 28. Except for the times I traveled for work and stayed in a hotel, I've never actually lived anywhere alone by myself.

And what year did you graduate?

I'm not the PP here, but my story is the same. I graduated college in 2000.

+1, graduated 2001

Although I'll give you the student loans-- those are larger for recent grads than they were for me. But I did make tradeoffs and my first home was 500K in the suburbs so it's not like homes were affordable and close-in for Gen X either. And I was making much less than I am now while saving up for that downpayment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.

Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour

Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.

Stop taking out expensive student loans, pick a field with good income potential, and go live somewhere cheap. I shared an apartment with roommates up until I got married at 28. Except for the times I traveled for work and stayed in a hotel, I've never actually lived anywhere alone by myself.

And what year did you graduate?

I'm not the PP here, but my story is the same. I graduated college in 2000.

+1, graduated 2001

Although I'll give you the student loans-- those are larger for recent grads than they were for me. But I did make tradeoffs and my first home was 500K in the suburbs so it's not like homes were affordable and close-in for Gen X either. And I was making much less than I am now while saving up for that downpayment.

So 2 years out of college you had $100k DP?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

Ah okay, you don't want your kids to go to school with brown people. got it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

So you are looking for an investment property, not a home?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

Ah okay, you don't want your kids to go to school with brown people. got it

Yes, I guess they can’t go to school with themselves. Where do you kids go to school?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

So you are looking for an investment property, not a home?

Well if it is a starter home and I need to sell it to buy a home with accredited schools, then it needs to appreciate b/c the houses with good schools will be rising in price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

So you are looking for an investment property, not a home?

Well if it is a starter home and I need to sell it to buy a home with accredited schools, then it needs to appreciate b/c the houses with good schools will be rising in price.

Huh. Well, if you can predict the future about real estate prices, I'm not following why life is so much tougher for you than the rest of us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

So you are looking for an investment property, not a home?

Well if it is a starter home and I need to sell it to buy a home with accredited schools, then it needs to appreciate b/c the houses with good schools will be rising in price.

Also, are you the economist because you don't seem to have studied real estate trends in the DC area for the last five years. Compare the rate of real estate appreciation in areas like Trinidad, Ivy City, H Street Corridor (arguably not good schools) versus areas like Potomac (arguably good schools). =

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I hate those self serving ads by WF showcasing a millennial couple eating out several times a week (once at a food cart), and that being the prime reason they can’t afford downpayment on a house.

Such BS. It’s sky high rent, student loans, and medical insurance — not avacado today du jour

Maybe instead of offering sham financial counseling, they offer low fixed rate student consolidation loans.

Stop taking out expensive student loans, pick a field with good income potential, and go live somewhere cheap. I shared an apartment with roommates up until I got married at 28. Except for the times I traveled for work and stayed in a hotel, I've never actually lived anywhere alone by myself.

And what year did you graduate?

I'm not the PP here, but my story is the same. I graduated college in 2000.

+1, graduated 2001

Although I'll give you the student loans-- those are larger for recent grads than they were for me. But I did make tradeoffs and my first home was 500K in the suburbs so it's not like homes were affordable and close-in for Gen X either. And I was making much less than I am now while saving up for that downpayment.

So 2 years out of college you had $100k DP?

NP here. The summer DH graduated law school (with loans) we put 5% down on a $450k townhouse. This was 2008. We were 25.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

So you are looking for an investment property, not a home?

Well if it is a starter home and I need to sell it to buy a home with accredited schools, then it needs to appreciate b/c the houses with good schools will be rising in price.

Also, are you the economist because you don't seem to have studied real estate trends in the DC area for the last five years. Compare the rate of real estate appreciation in areas like Trinidad, Ivy City, H Street Corridor (arguably not good schools) versus areas like Potomac (arguably good schools). =

Hard to compare the burbs to the inner city District. Trinidad and Ivy City were war zones not long ago. Potomac has always been affluent (okay, since it stopped being farmland in the 70s).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think all of us would concede that things are more expensive and that in most industries wages haven’t kept up. But you have to concede that you want to buy a $1 million dollars home and are complaining that your inability to do that is because life is so much harder today. I would say that if you wanted to buy. $300,000 home and couldn’t, I would agree. But your argument fails because your $1 m home is just out of reach for the majority of people regardless of age or generation. You are not unable to buy that because of your age or wage alone. That is an extremely expensive home.

Uh, we just bought a $1.1M shack which the prior owners bought for $250k in 1999.

It’s not an extremely expensive or fancy house. It’s just a house with ok schools and ok commute.

It isn’t like Millenials are saying ‘I want a $1M house’, they just want an ok house in an ok neighborhood.

I think OP said he needs a down payment of $200000. I am basing the million on that. If he says I am wrong, then fine but it was his number.

Well yeah, he is saying $1M — b/c that’s what ok houses with less than a 1 hr commute tend to cost.

This is what reveals your entitlement. If you want new and fancy for less than a million, you have to commute. If you are ok with older, you can have a shorter commute. This isn’t a challenge that only millennials face. The fact that you think so is more evidence that you have absolutely no perspective. The majority of people make that choice.

WTF?? New and fancy? $1M is for lipstick-on-pig tear downs with modest commute.

https://www.redfin.com/VA/Falls-Church/5904-Boston-Dr-22041/home/9648234 what's wrong with this place?

If I don’t have kids and never have to have it appreciate (because it won’t with those schools) then nothing

So you are looking for an investment property, not a home?

Well if it is a starter home and I need to sell it to buy a home with accredited schools, then it needs to appreciate b/c the houses with good schools will be rising in price.

Also, are you the economist because you don't seem to have studied real estate trends in the DC area for the last five years. Compare the rate of real estate appreciation in areas like Trinidad, Ivy City, H Street Corridor (arguably not good schools) versus areas like Potomac (arguably good schools). =

Hard to compare the burbs to the inner city District. Trinidad and Ivy City were war zones not long ago. Potomac has always been affluent (okay, since it stopped being farmland in the 70s).

If it's that hard for you, no wonder the only place you can get a job as an economist is HUD.

[Anonymous]

Anonymous wrote:How shocking. People who face decades of usurious student loan debt and no hope of ever saving a 20% house down payment tend to spend their money on the smallest luxuries their monthly cash flow can accommodate. Who would have thought?

I feel like you don't have a good grasp on the meaning of usurious.