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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Took a field trip to Union Market this weekend.  Filled with young people looking very spiffy, drinking $5 coffees and buying things like $30 candles and locally sourced food that is 2x the price of Safeway.  There was a stall there selling $200+ Japanese knives.  All this 'everyday luxury' is killing you guys.  [/quote]

You have To think of the larger economy.  It isn't one generation's fault.  Houses and colleges and gas and airplane travel are more expensive then 25 years.  Plus everyone is now paying monthly for things that didn't even exist 25 years ago: internet and cell/smart phones.[/quote]

As a gen x,  i loooooove big spenders!  We are a consumer based economy. My philosophy was to buy a house i couldn't afford back in 2000, grew into it, that equity launched my next 4 homes.  I definitly am frugal with my soending because i sink my cash into the market. Big spenders help me grow rich.  I love the fact that millennials view everything as disposable and that they must stay on trend. If you are a conservative spender, but bullish investor in a millenial market, this is a great wealth generating environment to be in.

So millenials, keep buying the latest and greatest trend.  It's what is making the world go round and round. Keep up with that ombre hair, get the iphone 8 when it comes out, the handbags, the watches, the frye boots, the paid online content, the beautiful TVs, and the littering of gym/fitness classes trends out there and yes, even the japanese knives.[/quote]

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