Reply to If you were born in 1990, how do you plan on ever affording a house?

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[quote=Anonymous][quote=Anonymous]I know it's tougher now. We bought in 2004 - with only 10% down and lucked out on a location and then getting out just in time for crash and then capitalized on crash to upgrade.

But also, I worked in a job that I hated for 15 years, we're talking grinding hours, lots of travel, for a big old monstrous corporation. And I made those sacrifices for the MONEY. I know it doesn't apply to all kids born in 1990, but it seems to me "do what you love and go where you feel 'respected'" is a mantra of your parenting generation that has made you all suffer financially. Hoping you're at least happier than I was in your rented apartment? [b] My parents told me to get a job that paid.[/b]  [/quote]

I'm Gen X.  Those jobs aren't easy to come by for the generation right below us.  One advantage to being Gen X is that we are a much smaller group, so when we graduated from college, there were fewer of us clamoring for entry level jobs.  The downside to being Gen X is that the Baby Boomers are all occupying the higher level positions and refusing to retire.  So it feels like there's a bit of a plateau.

My husband works for a "corporation" and works long, grinding hours.  But he will be the first to say, those jobs aren't easy to come by for people a decade younger (I was born in 1976).  I should add that he doesn't make a lot of money.  That's the other thing.  Wages simply have not kept up with inflation.  The pricing of housing has way outpaced salary growth.  So younger people working those monstrous hours in a soul-sucking job still aren't making enough money to stash away.[/quote]

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