Reply to Wells Fargo ad about millennials eating out

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Reply to "Wells Fargo ad about millennials eating out"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nah. I am a millenial. A lot of my friends blow $400+ a month on eating out (8-10x of eating out). It's a huge budget buster. [/quote]

Okay, let's say that people can save $400/month not eating out. $400 x 12 months = $4,800. That's going to help someone buy a $500k-1m house... how, exactly? [/quote]

You forgot to substract that 4,800 by the cheaper alternative cost of cooking or beans and rice. [/quote]

OP here. This was my point of posting, you need an order of magnitude difference to afford housing without hellish commute.

The other WF commercial about forgotten subscriptions is at least less condescending [/quote]

NP here.  Maybe the 4000K won't get you into the house of your dreams but it could get you into a home.  Early 40s here so not a boomer.  Bought first house (single family home in FFX county at 28 years old).  First house was definitely not in a super desirable location but was cute and spacious.  It was a fixer upper.  When I got laid off after the 2001 tech bust, I had to take a roommate to make the mortgage. I painted it and spruced it up on a real budget and slowly over time.  I owned it--not wasting money on rent.  I never ate out and I had to cancel several "essentials" like cable in order to make the bills after the lay off.  Very little vacation.  I mowed my own lawn (gasp).  I raked my own leaves.  No garage.  BUT.... about 10 years later, I sold it for a tidy profit and then moved into a much larger home in a more desirable neighborhood.  By then, my salary had increased, I had married.  I was older.

I think a big knock on millennial is that they want the life of a 40 or 50 year old at 20 or 30.  I don't think anyone begrudges other people from wanting nice vacations or nice homes or nice cars and nice food etc.  But many of us have that at 40 plus after not having it at 20/30.  So, I guess I am saying, people don't judge the avocado sandwich.  It is that when I was buying my house at 28 years old, I was eating pasta and sauce a lot.  [/quote]

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