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

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[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]
Most of my friends who are now 40ish still do not own homes. most are contemplating leaving DC to get enough space for their small families. Most do not want to leave.

I lived in a group house for 7 years, with boyfriend for 4 before getting married. I have never owned a car and I spent months eating $0.75 mac n cheese for lunch and going out with friends only 1x/wk. I STILL cannot afford a home in a relatively safe neighborhood. I have zero student loans. I have worked my tail off for 15 years at my job. A 3br, 1200 sq ft home zoned for Wilson simply isn't available for under $1M. And if I move out of the city, that likely means 2 car payments. This place is insane.[/quote]

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