Wells Fargo ad about millennials eating out

[Anonymous]

Anonymous wrote:Where I live I need 200k for a down payment on a two bedroom apartment. Let’s see the oldies save that by eating pasta every day.

Well if you're married or have a partners, that's only 100k each. And if you're not, you don't need a 2BR. In fact, if you have no kids, you don't need a 2BR. Reset your needs and desires, fam

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Also if you can't afford the rent, move somewhere cheaper! If you can't find a job in a cheaper place, keep your DC job and move just a little further out. No, you won't get an Uber pass to your new place, you may need to take the bus or get a car, but at you won't have "sky high!!!" rent. Or get a cheap house with multiple roommates. Honestly in your 20s with no family responsibilities you can live ANYWHERE - this isn't hard. But you might have to give up the game room and rooftop pool.

And if your job doesn't cover most of your insurance, you doing something wrong. Also you can stay on your parents medical until 26 - so... really you're doing something wrong if that is what is bankrupting you.

Try again with some personal responsibility.

Yup, move further out to a less-popular neighborhood and get roommates. I lived in seven corners when I was in my 20's making $35k/year. Had a roommate. Ate a lot of black beans and quesadillas for dinner. Canned tuna for lunch.

OP: "This system is broken and rigged against me and a large corporate keeps telling me that my situation would be different if I avoided spending $10/day on food out, which I don't do anyway"
All Other Posters: "BUT BOOTSTRAPS... TRY HARDER" ... "IT WAS EVEN HARDER FOR ME" ... "STOP WHINING" ... "GET FINANCIAL COUNSELING" ... "GET ON YOUR PARENTS' INSURANCE"

Lol. Y'all don't get it with your responses.

That's just typical DCUM responses for ya. When someone points out something bad, our out-of-touch DCUM residents who, mind you, typically boast about their $500k-$3M a year HHI, will immediately start singing the bootstrap song. It's their only way to reconcile the differences between what they have that others don't - after all, few people ever wanna admit they deserve criticism.

+100

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nah. I am a millenial. A lot of my friends blow $400+ a month on eating out (8-10x of eating out). It's a huge budget buster.

Okay, let's say that people can save $400/month not eating out. $400 x 12 months = $4,800. That's going to help someone buy a $500k-1m house... how, exactly?

You forgot to substract that 4,800 by the cheaper alternative cost of cooking or beans and rice.

OP here. This was my point of posting, you need an order of magnitude difference to afford housing without hellish commute.

The other WF commercial about forgotten subscriptions is at least less condescending

NP here. Maybe the 4000K won't get you into the house of your dreams but it could get you into a home. Early 40s here so not a boomer. Bought first house (single family home in FFX county at 28 years old). First house was definitely not in a super desirable location but was cute and spacious. It was a fixer upper. When I got laid off after the 2001 tech bust, I had to take a roommate to make the mortgage. I painted it and spruced it up on a real budget and slowly over time. I owned it--not wasting money on rent. I never ate out and I had to cancel several "essentials" like cable in order to make the bills after the lay off. Very little vacation. I mowed my own lawn (gasp). I raked my own leaves. No garage. BUT.... about 10 years later, I sold it for a tidy profit and then moved into a much larger home in a more desirable neighborhood. By then, my salary had increased, I had married. I was older.

I think a big knock on millennial is that they want the life of a 40 or 50 year old at 20 or 30. I don't think anyone begrudges other people from wanting nice vacations or nice homes or nice cars and nice food etc. But many of us have that at 40 plus after not having it at 20/30. So, I guess I am saying, people don't judge the avocado sandwich. It is that when I was buying my house at 28 years old, I was eating pasta and sauce a lot.

So you in late 1990s/pre-9/11 when they were giving away loans and prices low before the housing boom.

Go away wanker. I hate it when people who bought before the bubble seem to think they managed some great investment with their real estate acumen.

Now you need at least a $150k downpayment for a fixer up SFH in FFX. Your house probably cost, $300k?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nah. I am a millenial. A lot of my friends blow $400+ a month on eating out (8-10x of eating out). It's a huge budget buster.

Okay, let's say that people can save $400/month not eating out. $400 x 12 months = $4,800. That's going to help someone buy a $500k-1m house... how, exactly?

You forgot to substract that 4,800 by the cheaper alternative cost of cooking or beans and rice.

OP here. This was my point of posting, you need an order of magnitude difference to afford housing without hellish commute.

The other WF commercial about forgotten subscriptions is at least less condescending

NP here. Maybe the 4000K won't get you into the house of your dreams but it could get you into a home. Early 40s here so not a boomer. Bought first house (single family home in FFX county at 28 years old). First house was definitely not in a super desirable location but was cute and spacious. It was a fixer upper. When I got laid off after the 2001 tech bust, I had to take a roommate to make the mortgage. I painted it and spruced it up on a real budget and slowly over time. I owned it--not wasting money on rent. I never ate out and I had to cancel several "essentials" like cable in order to make the bills after the lay off. Very little vacation. I mowed my own lawn (gasp). I raked my own leaves. No garage. BUT.... about 10 years later, I sold it for a tidy profit and then moved into a much larger home in a more desirable neighborhood. By then, my salary had increased, I had married. I was older.

I think a big knock on millennial is that they want the life of a 40 or 50 year old at 20 or 30. I don't think anyone begrudges other people from wanting nice vacations or nice homes or nice cars and nice food etc. But many of us have that at 40 plus after not having it at 20/30. So, I guess I am saying, people don't judge the avocado sandwich. It is that when I was buying my house at 28 years old, I was eating pasta and sauce a lot.

So you in late 1990s/pre-9/11 when they were giving away loans and prices low before the housing boom.

Go away wanker. I hate it when people who bought before the bubble seem to think they managed some great investment with their real estate acumen.

Now you need at least a $150k downpayment for a fixer up SFH in FFX. Your house probably cost, $300k?

Hey moron. The bubble burst and prices plummmeted. Yeah. I lived through that too. You are just a whiner who doesn’t know how to budget. Own nit.

[Anonymous]

And following up on my prior moron comment. The bubble didn’t burst until 2008. I bought before the bubble but I am sure details like that don’t matter to your preconceived conclusion that life it just so much harder for you. Time for a diaper change baby.

[Anonymous]

And you can still get a townhouse in FFX for 350 easy. And that is all you can handle. You’ve never seen a lawnmower. You probably had brown people do that for you, you spoiled revolting emblem of America affluence.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nah. I am a millenial. A lot of my friends blow $400+ a month on eating out (8-10x of eating out). It's a huge budget buster.

Okay, let's say that people can save $400/month not eating out. $400 x 12 months = $4,800. That's going to help someone buy a $500k-1m house... how, exactly?

You forgot to substract that 4,800 by the cheaper alternative cost of cooking or beans and rice.

OP here. This was my point of posting, you need an order of magnitude difference to afford housing without hellish commute.

The other WF commercial about forgotten subscriptions is at least less condescending

NP here. Maybe the 4000K won't get you into the house of your dreams but it could get you into a home. Early 40s here so not a boomer. Bought first house (single family home in FFX county at 28 years old). First house was definitely not in a super desirable location but was cute and spacious. It was a fixer upper. When I got laid off after the 2001 tech bust, I had to take a roommate to make the mortgage. I painted it and spruced it up on a real budget and slowly over time. I owned it--not wasting money on rent. I never ate out and I had to cancel several "essentials" like cable in order to make the bills after the lay off. Very little vacation. I mowed my own lawn (gasp). I raked my own leaves. No garage. BUT.... about 10 years later, I sold it for a tidy profit and then moved into a much larger home in a more desirable neighborhood. By then, my salary had increased, I had married. I was older.

I think a big knock on millennial is that they want the life of a 40 or 50 year old at 20 or 30. I don't think anyone begrudges other people from wanting nice vacations or nice homes or nice cars and nice food etc. But many of us have that at 40 plus after not having it at 20/30. So, I guess I am saying, people don't judge the avocado sandwich. It is that when I was buying my house at 28 years old, I was eating pasta and sauce a lot.

So you in late 1990s/pre-9/11 when they were giving away loans and prices low before the housing boom.

Go away wanker. I hate it when people who bought before the bubble seem to think they managed some great investment with their real estate acumen.

Now you need at least a $150k downpayment for a fixer up SFH in FFX. Your house probably cost, $300k?

Hey moron. The bubble burst and prices plummmeted. Yeah. I lived through that too. You are just a whiner who doesn’t know how to budget. Own nit.

Uh, so you bought at $300k, it rose to $800k, then bubble popped and it dropped to $700k.

At least I’m a moron that understands basic math. Around here, every place that wasn’t a Prince county dropped at most 10%... after almost tripling in the years prior.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where I live I need 200k for a down payment on a two bedroom apartment. Let’s see the oldies save that by eating pasta every day.

No you don't Reassess what you need and can afford. Look to live there instead. Maybe not a trendy or walkable for your liking. Oh well.

+1 and PP doesn’t need a 20% down payment either.

[Anonymous]

Anonymous wrote:And you can still get a townhouse in FFX for 350 easy. And that is all you can handle. You’ve never seen a lawnmower. You probably had brown people do that for you, you spoiled revolting emblem of America affluence.

OMFG. A townhouse in the middle of FFX is a TERRIBLE investment — that’s why it’s still pretty cheap.

But figures, b/c you are a homeowner who was lucky but thinks he is skilled

Not sure why you are bringing in race into this, and I mowed plenty of lawns with a reel mower at that.

[Anonymous]

DH and I are core age millennials (28 and 26) and make $400k + between us and are still struggling to save a down payment in NYC/SF. Yes we eat out a lot because guess what WE WORK 7 DAYS A WEEK. Doesn’t leave a lot of time for cooking. And eating pasta every day... let’s see the results from your last physical and see how that works out for your health.

I guarantee you we are smarter/more prestigiously credentialed etc. than the smug boomers on this thread. And yet simply by virtue of having led an easier life, y’all seem so superior.

[Anonymous]

Anonymous wrote:And following up on my prior moron comment. The bubble didn’t burst until 2008. I bought before the bubble but I am sure details like that don’t matter to your preconceived conclusion that life it just so much harder for you. Time for a diaper change baby.

Uh, yeah. My going on assertion was that you were lucky b/c you bought before the bubble... so we agree...

[Anonymous]

You guys are crazy for a living where housing is that expensive. My nieces and nephews live down south, and all are buying really cute first homes. Of course they make less, but the cost of living is much lower.

[Anonymous]

$500-1k house for a millennial. . . no wonder you all are drowning in debt. Move somewhere you can afford. Period.

[Anonymous]

Anonymous wrote: You guys are crazy for a living where housing is that expensive. My nieces and nephews live down south, and all are buying really cute first homes. Of course they make less, but the cost of living is much lower.

Well what careers do they have? That whole follow your passion shoe boxes some of us into major metro areas.

Nurses or doctors great! Teachers portable but terrible pay.

[Anonymous]

Anonymous wrote:$500-1k house for a millennial. . . no wonder you all are drowning in debt. Move somewhere you can afford. Period.

So which metro has good jobs and cheap housing?