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]I graduated from college in the early 90s and no one was buying houses right out of college.

Everyone either had roommates, or was married. Some people stillmlived with their parents.

The homes were not single family homes in hip expensive neighborhoods. They were suburban apartments or town houses for those who wanted a little nicer homes, or dives in the city.

I don't know why millenials aren't doing the same, ie getting roommates and living in less than ideal starter apartments just like everyone else.  I think a lot of their housing issues are because they have a warped hgtv idea of what their first place should look like, and think they deserve more so they just decide to live with mom and dad instead so they have fun money and nice things.

I have no idea why they are too irresponsible topay off their college loans.

They might be educated, but they failed at basic consumer math when they chose to take out these exceptionally expensive loans for degrees that aren't marketable and from overpriced expensive universities.

They should not get their debt forgiven. That is unfair to everyon who met their debt obligation or who made better, more responsible choices.[/quote]

For a GEn X, you seem pretty clueless. People weren't buying homes in the 90s because they can get financing, it was much stricter back then.  Into the late 90s and tech boom, that's when money started flowing.

Nowadays, any reasonable starter home is still two or three times expensive as you saw in the 90s,  and being in the suburbs won't have much much more than 20 years ago. It's about having a place that they can comfortably afford, maybe grow into if they have to (so safe and decent schools) and [b]not soul crushing commute[/b]. Not HGTV finishes. And getting that basic starter home without 1 hr plus commute is $500k easy, and that's out of reach for a lot of Gen Y with their income and loan debt, no matter what corners they cut. Condos maybe could be affordable but all that are built have way too high structural condo fees which make them a very bad deal for starter homes.

It's not fscking candles or Japanese steel.

[/quote]

Some much of life is soul crushing - you should learn to embrace it.[/quote]

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