Why aren't millennials buying homes?

They are impulsive, have no work ethic and next to no interest in conserving their wealth

>>136356957
lol... Nice bait

Because they got shit jobs with shit advancement in a gerontocratic-oligarchic economic culture
Some of them didn't get jobs, but are struggling to find ways to leech off the ones that did (hello political wankery)
None of them have good prospects for bettering their lot in life.
Even many of the smart ones can't afford what their intelligence would have bought them in a less regulated economic climate.

>>136356862
Because they're essentially niggers.

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Because they:

1) Want to live in the city
2) Spend their income on brunch and alcohol
3) Have no idea about the retarded economics of renting all your life

This all assumes they don't live with mommy and daddy, which is a major assumption to begin with.

>>136356862
Why aren't you killing yourself?

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>>136356862
future doesn't look bright why buy a home so niggers ruin it or Jews ruin it no thanks

>>136357054
youre a big guy

>>136356862
because there gay

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>>136356862
pic related

>>136357190
nah

>>136357054
He is right though.

Just talk to millennials. My guess is that 8 out of 10 are financially retarded.

>>136356862
I work in law and it will take even me 20 years to buy a 3 bedroom house within 5 miles of where I currently live.

>>136357717
Then you should move, you fucking retard. Got that fancy law degree and you can't even figure out cost of living economics.

>>136356862
>Oh boy, I really want to spend a bunch of money I don't have on something that will take the next 25 years of my life to pay off, force me to buy homeowner's insurance, force me to pay property taxes, ensure the rest of my life will be soullessly predictable. Especially knowing it could be taken away from me in the statistically probable chance of my eventual divorce.

Buying a home is stupid, that's why.

>>136357938
what the fuck

>>136357103
This. Cronyism is at an all time high and it's fucking up each generation as they enter the workforce in progressively worse ways.

>>136357530
Dumb pic. This data is skewed by the hyper inflated market on the coasts. Houses are cheaper than apartments if you live someone decent instead of a degenerate hellhole like San Francisco. It's amazing how there are jobs all across the nation.

>>136358027
What part about the post did you not understand?

>>136356862
they already bought a home

it just takes the form of a certificate of degree from a Uni

>>136357695
nonsense, they are the most financially conservative and careful generation alive today. They avoid credit card loans and that sort of thing while boomers and gen xers we lend money and waste money like no tomorrow.

>>136358122
The reading part.

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>>136357695
Sounds about right.

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>>136358066
>there are jobs all across the nation

lol

>>136356862
because having a family is not important to most people now

why the fuck else would you buy a house when you can just rent?

>avocado toast
>why aren't x doing y?
sage

Why do people hate avocado on toast?

>>136357938

Can confirm

t. Millennial homeowner

>>136357888
>Then you should move, you fucking retard

I am contemplating moving. I'm considering going up north to a different part of the firm to specialise in shipping law. The wage is 70% of the London one, but the cost of living is half.

The problem is that I want to be able to come back to my home town later but if I don't have enough cash I won't be able to get any equity down south when I actually want to live back near London.

I want to raise a family in my home town but I won't be able to afford to, and people wonder why so many people aren't having children.

>>136358122
"The post" is uninformed and sounds like some MGTOW bullshit. You'll be Muslim, soon. And you deserve to be for your shitty attitude.

>>136358386
wow rude

>>136356957
>no interest in conserving their wealth
exactly why i will not buy a home until the housing market goes down

Why would I? All my friends who bought houses are up to their asses in debt. One dude just had niggers move in two doors over and can already smell the blunt wraps and malt liquor. Haha but he owns it in 24 more years so jokes on me!

>>136356862

hidden truth, they remember their parents cursing the banks during the housing bubble burst

>>136358386
What's uninformed about it?

>>136356862
Inherited. Just pay property taxes. Feels good plebs.

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>>136356862
Theyre trendcucks so they wont ever move out of the city to buy a properly priced home, instead they throw 50% of their income at jews to live in a box in the diverse city center because "thats what everyone is doing."

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because the land holders don't use land efficiently leading to speculation and insane prices

AYO HOL UP
*kicks 18 year old son onto the streets*
SO WHAT YOU
*divorces*
WHAT YOU BE SAYIN IS
*spends 50 grand on a new car*
WE WUZ
*invites slave laboring spics into nation*
*calls their son lazy at his funeral after he freezes to death*
FISCALLY RESPONSIBLE AND SHIET???

>>136358346
because poor fags can't afford it and racists don't like "foreigners" food

>>136356862
idk about the US but over here income vs. real estate value ratio is insane.
On top of that loans are a complete fucking rip off at the moment.

>>136358862
>don't like "foreigners" food
Why don't they hate tomato on toast or chips then?

>>136356862
Why would I buy a house when I can inherit?

>>136356862
But I did anon. And my wife and I have saved/invested $1.5 million.

Can't speak for the rest of my retarded generation though.

>>136356862
They live at home with their parents, or have taken on hundreds of thousands in student loans in some useless degree

-They're fucking overvalued in most parts of the country, especially on the coasts

-We're having kids later, so less reason to buy a house while young

-Most millennial's are well under 30. Do you really expect a 25 year old with only a few years of work experience to afford a $100k house? Maybe you should ask Gen-Xers

-Fact is, renting is often cheaper in the long run, and you don't have to worry about maintenance at all

-We saw a lot of stupid adults at banks sell houses to other other stupid adults who couldn't afford them, and it nearly broke our economy. So we are cautious about it.

-More mobile than ever, less reason to be locked to a long term loan

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>>136356862

Why? How?

We are essentially at negative interest on money in saving accounts.

>>136356862

The average of a house is 5x my annual income.

>Buy store brand groceries
>Don't eat out
>Live in shady neighborhood
>Can't get married because not an alpha male chad

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>>136357530
Look at that; getting rid of the gold standard fucked our shit up.

Every day I see these "Why aren't millenials buying 'x'" threads

motherfucker why do you think

are you really that fucking stupid

0/10 trolls every single fucking time

>>136358345
Avocado toast must the most aesthetic breakfast one can eat.

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>>136356862
>Why aren't millennials buying homes?
I don't have to. My father bought me my home. It's great to have boomer parents.

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>>136356862
Tell your overlord to bring back the gold standard if they want people to buy more shit. Do they pay you shills enough to buy a home?

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>>136358534
this, and pretty much only this, also we were kids/teens when we saw how everyone got totally fucking fucked in 2008-09, I mean I work, 2 jobs, also because we saw that it was kind of a scam, secure yourself, enjoy your retirement, turn your children into slaves, sounds good to me goyim! sign me right up!

>>136359684
That's such a bullshit graph unless by housing it's talking about renting.

>>136358595
If you get divorced its your own fault

>>136359476

Yep, now they just make more money for more people so that the bulk of the US has relatively the same amount of money.

That is about 35k for a single person without a kid, 50k for a person with a kid, and 70k for a family; before spending it on healthcare, food, ect.

If you make less than the "average" you get supplemented with EBT and ACA. They trick you that you can work and become rich. Without connections, you need to work 10x harder to get 1.5x more, that is not capitalism. We are in a pseudo-socialism at the moment.

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STOP BUYING AVOCADO TOAST

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We understand that property is theft.

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>>136359476
No goyim that's not it. It was the well.... ummm... the immigrants.

>>136356862
>buying a house
>not remaining in your home, taking care of your parents when they grow old and inheriting the house after they pass away

>>136356862
You need money & or phenomenal credit to purchase a house. Millennials don't even have jobs.

>>136359439
>Can't get married because not an alpha male chad
Any idiot can get married
Most men dont waste their time with girls that dont put out

https://m.youtube.com/watch?v=VWe0TB6pH2w

millennials usually have to take out their first $100,000+ loan on their schooling.

That's usually something that takes decades to pay back.

so they're essentially spending their house money on schooling instead of housing because you need schooling to make any type of real money.

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>>136356862
A V O C A D O T O A S T

>>136356862
Renting is more popular now. I assume this is the work of (((them))) because renting extorts more money from people than simply giving them a mortgage

>>136360268
>have to take out their first $100,000+ loan on their schooling.
Just because they did doesnt mean they had to

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>>136360268

That is just it, you don't. They trick you (see >>136359948). You can go to college and get a job that pays 60k vs a job that pays 30k and it doesn't really matter.

>>136360450
You cam easily make more than 30k without a degree

>>136356862
>Why aren't millennials buying homes?
>no link to an article or study to back up your claim
nice shitpost

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>>136360339
>Creates the worst global economy the world has ever seen

>>136356862
I own 3 homes because I'm not a dumbass who lives solely in a big city.

>>136360672

Ya but it doesn't matter.

Working at Walmart for $8/h with EBT and Obama care is the same standard of living as working in a factory making $16/h

Why aren't millennials buying money?

>>136358206
millenials like to stack up on tens of thousands of dollars of student loans so yes, they are financially retarded

>>136360697
every news outlet here publishes at least a couple pages of autistic screeching about it literally every week

i doubt that's any different to nz, canada and parts of the usa (basically anywhere that has seen mass non-rapefugee migration and had a recent history of affordable housing)

>>136360815
Just so you know you'd need to be payed $33/h at 40h/w to earn ~$69,000. $14/h is about $29,000.

>>136360746
> worst global economy the world has ever seen
>people have money to waste on avacado toast

>>136360940
That is a purely American situation and only because older generations expect them to go to college and say that education is imporant and they believe the only way to be educated is to pay tons of dollars in American universities.

>>136356862

Because we're inheriting them instead

>>136360268
>so they're essentially spending their house money on schooling instead of housing because you need schooling to make any type of real money.
but you don't, there's a fortune to be made in trades and business while cunts fall for the lefty credentialist bait and burn a fortune funding the leftist jobs program that universities have become

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>>136356862

>>136356862

Because the housing market is completely distorted. Foregin investers are buying up all the vacant lots and turning them around for a profit.

It will eventually come to a serious correction that will make the "2008 Great Recession" look like a bad day by comparsion.

>mfw when this is really a long-term plan to make USA/Canada into fiscal pseudo-fedualism where a tiny minority controls all of the wealth while the rest of the "unwashed" masses are economic serfs.

>>136361143

Which is about 48k after taxes. Assuming you are completely healthy and one person, that is likely 42-44k after mandatory insurance. Also you get no EBT or government welfare of any kind, also you get no negative tax.

So that puts the spread at

Walmart Employee 17,000 take home + 5,000 negative tax + 5000 Health care + 3000 EBT or 30,000 total effective income.

The Factory working at 33,000 + 1000 in negative taxes + 1000 in healthcare credit making it effectively 35,000

And the college educated at 42,000.

Work harder, take out a loan, spend years of your life not making money, only to come out 1.3x ahead.

>>136361781
>be a plumber
>make 100k

>>136356862
Because they spend all their money on sex-change operations

>>136361987
Average plumber salary is 46k. It requires certification, which requires technical college, which is pretty much identical to community college in cost.

>>136361987
How much can electricians make in the States? Is there a skills shortage?

>>136356862
Because of Avocado toast

>>136356957
>buying home
>conserving wealth
Pick one and only one you Kike shill faggot.

>>136362103
Same as plumber. about 40-50k.

>>136356862
Because we don't have job security, the job market is shit, and the dollar is inflated

Redpill me on why avocado is so delicious

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Childhood is complaining about millennials

Adulthood is realising the boomers are to blame for everything

>>136357190
/r/ edit of this with cicadas. I lost it and can't find it.

Somebody

Please

Help

!!

>>136362756
It's full of neurotoxins and phytoestrogens.

>>136358443
Not telling you to buy a house at a peak, but as someone who lives in a relatively ill-liquid market (LA Suburbs), just remember there's less houses on the market in a downturn. So basically where I was meant there were few to no houses for sale at the bottom even though the valued prices were low.

>>136356862
Something like 100 million extra bodies in the country compared to 1960s competing for work.

>>136362756
because it makes you more of a numale cuck

>>136362255
You fucking retard. You conserve your money with the goal of being able to afford buying a home at the appropriate time.

>>136356862
Because the prices are too high. Tell your jewish friends to lower the price. bye.

Waiting for the boomer Ponzi scheme to collapse. Unlikely since they import millions of foreigners to keep it propped up.

>>136356957
Man are you retarded? The reason why the boomer generation has no money is because instead of building their own homes they were willing to pay half of the money they'll ever make to a bank just for a shitty house.

>>136363277

>Less houses on market in a downturn

That's not how supply/demand works.

If you buy at the very bottom when everyone is scrambling to buy then yes it will be more difficult, but if you buy near the bottom when no one wants to touch the housing market it'll be cake

>>136357695
He's not right at all. Saving you money and buying a house are the exact opposite things. Buying a house is literally throwing half out your entires life's wealth away when you could buy land and build a house for much cheaper.

>>136357717
So build your own house. Why are people so fucking stupid you could literally buy land and build your own house for less than 100k

>>136363576
No you're fucking retarded. The entire boomer generation wasted their entire lives wealth on an overpriced house and because of that don't get to do shit with their lives. What does it matter to own a house if literally all of your money goes to having the house.

>>136356862
>Why aren't millennials buying homes?
What bank would finance you buying a home when you can be only sure of your job for half a year at at time? When you can be fired any time and rehired at severely reduced salary? At a salary, at which you may even have difficulties to RENT an apartment in the city in which you work?

Houses have become unaffordable to the majority of people today. This is a a direct result of globalization, which means that top managers earn more, because they can rip off workers internationally now, while normal workers suddenly have to compete with Polaks, Rumanians, Bulgarians who work for a tenth of what you used to earn.

Solution: Cancel trade deals, disband EU and NAFTA, bring back borders, deport immigrants, impose tariffs.

>>136359864
I didn't say it wasn't, I merely pointed out the statistical fact that if you get married in America you're more likely to divorce than you are to stay married

So tell me, how is that uninformed?