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POLL Boomer Facebook slop? Or straight FACTS?

Which is it?


  • Total voters
    32

Mavsker

Big Ten referee (never wrong)
tPB OG
7,113
2020
25,527
I'm worn out hearing people moan, "Our grandparents could buy a house on one paycheck, but now we can't even afford rent on two!"

Yeah, maybe because Grandma wasn't dropping half her income on $14 iced lattes and avocado toast shaped like art projects.

Back then, if they wanted coffee, they boiled it at home in a dented pot. It tasted like burnt rubber and regret - but it woke you up and cleaned your pipes.

And Grandma wasn't "out to brunch." You think she had time for mimosas and hashtags?

She was making something called whatever's left in the fridge and feeding six people with it.

Don't even start with Uber Eats. You think Grandpa was out here paying $38 to have a burger delivered three blocks away? Please.

He grilled mystery meat on a rusted barbecue, and everyone called it dinner.

Now people cry about being broke while sitting in a house full of gadgets. Two SUVs in the driveway, six streaming services, three air fryers, and matching tattoos that cost more than their light bill. You think Grandpa had a tattoo? He did. It said "Korea, 1951", and it came with trauma, not Instagram likes.

And the kids-Lord help us. "We can't make ends meet, but Brayden needs the new iPhone!" No, he doesn't. You're handing an $1100 device to a child who still eats crayons and forgets to flush.

When we were kids, there was one phone. It hung on the wall like a family relic. The cord stretched just far enough for you to whisper secrets before someone yelled, "Get off, I need to make a call!" And guess what? We lived.

The TV? One. In the living room. With three channels and a dial that clicked like a safe. And if Dad wanted to watch bowling, you were a fan of bowling, end of story.

Now there's a flat screen in every room, the baby's got an iPad, the dog's got a camera, and everyone's wondering why they can't afford rent. Because you're living like rock stars on retail salaries, that's why.

Grandpa wasn't leasing Teslas or buying $12 smoothies called "Green Zen Awakening." He drove a truck that coughed smoke, rattled like a storm, and smelled like oil and hard work.

They lived within their means. Whatever Grandpa brought home on Friday - that's what they had. They weren't keeping up with the Joneses; they were keeping the lights on.

So yeah, Grandpa bought a house on one salary. But he also didn't have a gym membership, three delivery apps, and emotional support crystals on his nightstand.

His only support system was Grandma, who told him to quit whining and mow the yard.

Nowadays, everyone's broke, anxious, and "manifesting abundance" while ordering tacos on DoorDash for the fourth time this week.

It's not the economy - it's the lifestyle.

Wake up, turn off your subscriptions, make your own coffee, and maybe-just maybe-you'll smell the truth. Lots of truth in this post....
 
Multiple things can be true. HH median income is around $80k and median home price is over $400k. Tack on 6.5% interest plus sky high property taxes and insurance and homes are insanely unaffordable. Boomers had it easier when buying a home

Savings rate are terrible right now. And yeah - grandma wasn’t financing her burrito w/ BNPL and racking up credit card debt to go on exotic vacations
 
Having options is great. Having options is also a curse. Personally I think the last few sentences there are where it's at. Admittedly, I'm softer now than I was before we had our daughter, but society is overall softer too in that everyone looks for the quick fix to their problems, when that probably isn't a fix in the long run and leads to more problems. Living within your means is the key, but it's also difficult when nothing is priced that way when you want to live "The American Dream" with a family and a house.
 
I will say, I did enjoy simpler times. Technological advances are going to happen no matter what, but miss the time when you saw groups of kids playing sports at all times of the day. Doesn't happen very much anymore where I am.
Was talking to one of my best friends yesterday about our daughters and this summer and next summer's plans. She's a few years older than my daughter and I halfway jokingly told him she needed to grab her friends and head down to our local baseball/softball fields and play baseball/softball for 10 hours a day like we used to. Kids just don't like we did.
 
I honestly don’t know how Gen Alpha or whatever is after millennials will do it.
with a min down payment you are pretty much paying 1k per 100,000 spent. In the OKC metro 200k gets you a dumpy house. Wages are also below the national avg.

People spending 3-4K/month on a mortgage is wild.
Definitely not attainable for avg youths

Then you have to deal with places like blackstone/rock buying up housing for rentals
 
I was incredibly lucky. Our first house we doubled in value in a few short years. Bought our 2nd house before covid and it doubled in value a couple years after covid and we sold it. Bought some land outside of town after that
 
Having options is great. Having options is also a curse. Personally I think the last few sentences there are where it's at. Admittedly, I'm softer now than I was before we had our daughter, but society is overall softer too in that everyone looks for the quick fix to their problems, when that probably isn't a fix in the long run and leads to more problems. Living within your means is the key, but it's also difficult when nothing is priced that way when you want to live "The American Dream" with a family and a house.
Social media is the curse imo - keeping up with Joneses and plastering everywhere is what drives people into debt
 
I honestly don’t know how Gen Alpha or whatever is after millennials will do it.
with a min down payment you are pretty much paying 1k per 100,000 spent. In the OKC metro 200k gets you a dumpy house. Wages are also below the national avg.

People spending 3-4K/month on a mortgage is wild.
Definitely not attainable for avg youths

Then you have to deal with places like blackstone/rock buying up housing for rentals
And OKC is an extremely affordable market compared to the rest of the country. Back when I lived there - around 9 years ago you could get a beautiful brick home near lake Hefner for $180k
 
The house I rent was sold in 2003 at 130k

Today it’s assessed at 350k
Zero in on the last 5 years or so and that'll really shock you.

We bought our first house in 2017 for 95k. Sold it in 2023 for 162k and we did nothing substantial for the value. Bought a rental in 2022 for 100k and are looking to sell it. All we've done is paint and redone floors (ultimately) and we are probably gonna be able to sell for 160k on the low end.

Even the house we bought in 2023. We got it for 400k. Refinanced a year and a half later for a better rate and the new valuation was 485k. Its nuts what home prices have done.

As to old man winters OP, he is right in that we are spending way too much as a society on unnecessary things. What he fails to mention is the increased gap in median household income and median home costs/cost of living. We can mitigate the gap by backing down on some of those unnecessary purchases, but its gonna be tough for our kids to own anything they don't inherit.
 
People could do themselves a favor and look at pruning some subscriptions and making a few lifestyle changes. I'm due for a subscription audit myself. That said, the skipping on lattes and avocado toast and cancelling Hulu isn't going to make a bunch of houses more affordable. It might bolster some emergency savings and is still sound financial advice, but houses are just absurdly priced. I got lucky with my current house and got in at the end of 2019. The prospect of selling anytime soon scares the hell out of me.

That said, I generally tune out this sort of slop on social media, which ironically is another issue with modern society. It's hyperbolic and is more about eliciting an emotional response instead of really teaching anything. There are some nuggets to glean from it, but it's pretty obvious the intention behind it isn't to impart any lessons but rather to make one group puff out their chest while pissing off anyone else. The world needs some lessons taught, but it also needs less rage baiting. We could make better use of our time and energy than spending it pissed off online. Read a book. Or put it towards a side gig to make some secondary income. THAT might open up some doors to opportunity.
 
The house I rent was sold in 2003 at 130k

Today it’s assessed at 350k
Just before covid, our house was appraised for around $135,000. We sold it in 2022 for $230,000. We didn't even put it on the market. A friend of our son was looking for a house and heard we might be selling it and reached out to us. We told him $230,000 and he didn't even bat an eye. I thought we were robbing him at the time, but now looking back, we probably should have asked for more. Pair those increases with skyrocketing homeowners insurance rates and unreal property taxes, and it makes houses unaffordable.
 
House prices are crazy. I feel lucky to live in Nebraska were the issue is not as glaring as other parts of the country. I bought a house in 2019 for 190k and sold it in 2023 for 295k. We did some updates but they were mostly cosmetic outside opening up a room. That's a 50% increase in 4 years. My parents built a house in 2021 for like 425k and by the time they moved in it was worth like 550k. That is just in Omaha. I dont know how people live in other markets even with increased COL salaries.
 
And OKC is an extremely affordable market compared to the rest of the country. Back when I lived there - around 9 years ago you could get a beautiful brick home near lake Hefner for $180k
Yup. Unfortunately people have figured that out. Past couple years are the first time in a while that Oklahoma gained more people from Texas than it lost
 
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