Reply to For those 45+, how good were the 1990s, actually?

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[quote=Anonymous]Depends if you were poor or middle class or rich.  It was ok for middle classes I think, but we were dirt poor and on the verge of homelessness.  Working min wage jobs didn't pay the living even back in the 90s and you couldn't get anything paying living wages until graduating college.  If you were a poor youth without financial stability or solid middle class family backing you up, life really sucked for you even in glorious 90s.  I worked low wage jobs with people who were runaways and likely illegal immigrants and heard all sorts of stories, including teenage prostitution.  After graduation most kids had to live with roommates if seeking urban living in more or less decent safe neighborhoods.  And the trend of of having kids move back with their parents after college was already the fact in late 90s because COL was rapidly rising even then.  My English major friends were not making enough to live on their own or even with roommates in the city.   You had to be in tech or Finance to be able to afford to live alone first few years out of college.

Even if RE was a lot cheaper the wages were lower and 6 figure income meant that you "arrived".   Even low 6 figures could get you a decent lifestyle then and ability to afford a home, but it was hard to get to this point outside of a few fields after several years of working.

Also starter homes were dumpier in the 90s and early 2000s.  Much smaller, mostly tract homes in expanding suburbia/exurbia or fixer uppers or studios.  
In HCOL cities people bought studios as their starter homes.

[b]What I am saying is that issues we have today with affordability crisis started looong ago. [/b][/quote]

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