Reply to Remember how people used to have a bachelor pad, then an apartment together, then a starter home....

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No one in the millennial generation will admit they are poor. It's the whole participation trophy thing.  There are plenty of people who can afford to buy houses.  Look around, they are selling everyday.  If you can't afford to buy, it's because you don't make enough money, not that the entire system is flawed. [/quote]

This is the same tired fallacy that gets posted here anytime this issue comes up.

You're right but...

Instead of a 300k condo in Logan Circle, millennials are faced with a 300k townhouse in manassas and a 4 hour commute. This is why they complain. You cannot deny that it was easier to buy close to work 15-20 years ago. So the people who are working in the same jobs as those 15-20 years ago are worse off. I don't understand how you can dispute that.[/quote]

I dispute it because I see it every day.   I employ dozens of milennials and I am always amazed at how many of them own homes and they are in good (maybe not great) but very good - Arlington, Falls Church, Bethesda, Silver Spring.  The math for them works nearly the same way that it did for me 25 years ago

There are two differences that I see with them that is different from the bellyaching

First, they are all engineers so they understand the need to plan and organize things and they are spending less time 'finding out what they want to do' - they get to work on their path very early

Second, they have student loans but only for undergrad and they come out making $70K so the debt is manageable

Engineers (Not all) tend to be first generation money so they have more grit, they haven't throw $100K of debt at a history degree that pays $40K a year in salary or $300K at law school loans[/quote]

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