I know why Millenials can't afford houses and pay off their student loans..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

Seriously you sound nutso. It's completely fine that you think renting is the way to go and have no interest in homeownership. You do you. It would probably be a better use of your time to focus on your investments and managing them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

How old are you and did you or your husband have student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

Wait, so your brilliant argument is a single piece of anecdotal evidence...?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

How old are you and did you or your husband have student loans?

32 and no student loans for either of us.

[Anonymous]

Anonymous wrote:

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

LOL. My house is worth what the NEXT generation is willing to pay. I am a millennial, and I own my home. I plan to continue living in my city because I'm happy here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

Seriously you sound nutso. It's completely fine that you think renting is the way to go and have no interest in homeownership. You do you. It would probably be a better use of your time to focus on your investments and managing them.

It's amazing how the Millennial bashers get all excited about Millennials not being able to pay off their student loans or afford houses, but when presented with a real argument about how these trends will affect the value of THEIR HOUSE, suddenly it's "nutso" and no one wants to discuss anymore. Lol.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

Wait, so your brilliant argument is a single piece of anecdotal evidence...?

It wasn't an argument. You said I live in a big house, implied I'm not a millennial, said I will want to move to a lower COL city and I was explaining none of this is the case. I also pointed out that we make plenty of money so I'm not that concerned about housing prices. I'm more concerned about my brokerage account.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

Seriously you sound nutso. It's completely fine that you think renting is the way to go and have no interest in homeownership. You do you. It would probably be a better use of your time to focus on your investments and managing them.

It's amazing how the Millennial bashers get all excited about Millennials not being able to pay off their student loans or afford houses, but when presented with a real argument about how these trends will affect the value of THEIR HOUSE, suddenly it's "nutso" and no one wants to discuss anymore. Lol.

You and your assumptions!! I'm a millennial. Again, I'm not overly concerned about the price of my house. I'm more concerned with the stock market. I mainly bought a home so I could stop having to move and face rent increases. I also needed more space.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

Wait, so your brilliant argument is a single piece of anecdotal evidence...?

It wasn't an argument. You said I live in a big house, implied I'm not a millennial, said I will want to move to a lower COL city and I was explaining none of this is the case. I also pointed out that we make plenty of money so I'm not that concerned about housing prices. I'm more concerned about my brokerage account.

See the bolded sentence? That's what I'm responding to. It's not about you. But thanks for the humblebrag.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

Wait, so your brilliant argument is a single piece of anecdotal evidence...?

It wasn't an argument. You said I live in a big house, implied I'm not a millennial, said I will want to move to a lower COL city and I was explaining none of this is the case. I also pointed out that we make plenty of money so I'm not that concerned about housing prices. I'm more concerned about my brokerage account.

See the bolded sentence? That's what I'm responding to. It's not about you. But thanks for the humblebrag.

Enjoy those student loan payments.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

Seriously you sound nutso. It's completely fine that you think renting is the way to go and have no interest in homeownership. You do you. It would probably be a better use of your time to focus on your investments and managing them.

It's amazing how the Millennial bashers get all excited about Millennials not being able to pay off their student loans or afford houses, but when presented with a real argument about how these trends will affect the value of THEIR HOUSE, suddenly it's "nutso" and no one wants to discuss anymore. Lol.

You and your assumptions!! I'm a millennial. Again, I'm not overly concerned about the price of my house. I'm more concerned with the stock market. I mainly bought a home so I could stop having to move and face rent increases. I also needed more space.

What are you talking about and why do you keep saying that you are a Millennial? Like if the overall Millennial cohort doesn't buy into housing, you'll be spared because you ARE a Millennial?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

You sound unhinged and seem to make a lot of assumptions. I'm a millennial and live IN DC. Not in a big house. My husband and I make almost 500k a year, will be paying off our mortgage in our 40s and have no interest in moving to a lower COL city.

Wait, so your brilliant argument is a single piece of anecdotal evidence...?

It wasn't an argument. You said I live in a big house, implied I'm not a millennial, said I will want to move to a lower COL city and I was explaining none of this is the case. I also pointed out that we make plenty of money so I'm not that concerned about housing prices. I'm more concerned about my brokerage account.

See the bolded sentence? That's what I'm responding to. It's not about you. But thanks for the humblebrag.

Enjoy those student loan payments.

I don't have any student loans. I thought you were against assumptions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt.

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".

In case you haven't noticed, this is an entire thread making fun of Millennials for not buying houses. Who's the one pretending like there's only one way to spend money? The sweet justice in all of this is that all of you who think your houses are great investments are the ones who will be underwater when Millennials don't buy into the same American housing scam. Your house is only worth what Millennials are willing to pay.

You are sure passionate about this! Good luck finding a good deal on rent if millennials can't afford and don't want to buy.

Huh? Do you not understand how demographics and economics works? Millennials are staying longer in dense urban living situations and having children later or not at all, which means that the current crop of housing will be in oversupply as kids leave the nest and people need to downsize. People like you and the other poster will be looking to moving to an area with a lower COL, but you are convinced that you have made a great investment and will not be willing to sell at a lower ROI than you imagined. You will then rent out your houses hoping to ride out a short-term dent in the housing market, but again there will be oversupply as there will not be many Millennials looking to live in such big houses, so rental prices will be cheap.

Seriously you sound nutso. It's completely fine that you think renting is the way to go and have no interest in homeownership. You do you. It would probably be a better use of your time to focus on your investments and managing them.

It's amazing how the Millennial bashers get all excited about Millennials not being able to pay off their student loans or afford houses, but when presented with a real argument about how these trends will affect the value of THEIR HOUSE, suddenly it's "nutso" and no one wants to discuss anymore. Lol.

You and your assumptions!! I'm a millennial. Again, I'm not overly concerned about the price of my house. I'm more concerned with the stock market. I mainly bought a home so I could stop having to move and face rent increases. I also needed more space.

What are you talking about and why do you keep saying that you are a Millennial? Like if the overall Millennial cohort doesn't buy into housing, you'll be spared because you ARE a Millennial?

Because you called me a millennial basher. I'm not a millennial basher. I'm a millennial.