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Old 05-15-2017, 08:00 PM
 
Location: Paranoid State
13,044 posts, read 13,867,365 times
Reputation: 15839

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Quote:
Originally Posted by Perma Bear View Post
I know a millennial that's 25 and has 142,000 dollars in assets, made 58k last year, and literally can't afford to move out.
... what's your point?
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Old 05-15-2017, 08:01 PM
 
Location: Paranoid State
13,044 posts, read 13,867,365 times
Reputation: 15839
Quote:
Originally Posted by AlongTheI-5 View Post
Correct. He should also thank Swartzenegger and Bush for crashing the home prices to begin with.
That thanks would be misplaced. The correct place is Bill Clinton, Henry Cisneros & Roberta Achtenberg, as they sowed the seeds of the Great Recession.
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Old 05-15-2017, 08:05 PM
 
4,369 posts, read 3,723,819 times
Reputation: 2479
Quote:
Originally Posted by SportyandMisty View Post
... what's your point?
Shows how distorted the economy is here.
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Old 05-15-2017, 08:05 PM
 
Location: Nashville TN, Cincinnati, OH
1,795 posts, read 1,877,896 times
Reputation: 2393
Not surprising they are most likely waiting for their parents to die so they can inherit the house
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Old 05-15-2017, 08:14 PM
 
4,369 posts, read 3,723,819 times
Reputation: 2479
Quote:
Originally Posted by Vanderbiltgrad View Post
Not surprising they are most likely waiting for their parents to die so they can inherit the house
It's the only path to home ownership disgustingly enough.
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Old 05-15-2017, 11:07 PM
 
2,986 posts, read 4,577,410 times
Reputation: 1664
Quote:
Originally Posted by Perma Bear View Post
Shows how distorted the economy is here.
Can't afford to move out or can't afford to buy a SFH?
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Old 05-16-2017, 05:31 AM
 
4,369 posts, read 3,723,819 times
Reputation: 2479
Quote:
Originally Posted by Cardiff Kook View Post
Can't afford to move out or can't afford to buy a SFH?
Either really. Probably can't even afford a POS studio condo because of the hoa doing the math. (They're 300k now no)?
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Old 05-16-2017, 09:36 AM
 
2,986 posts, read 4,577,410 times
Reputation: 1664
Quote:
Originally Posted by Perma Bear View Post
Either really. Probably can't even afford a POS studio condo because of the hoa doing the math. (They're 300k now no)?
Maybe...sounds like this person could move out and rent no problem
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Old 05-16-2017, 10:40 AM
 
3,437 posts, read 3,287,395 times
Reputation: 2508
Quote:
Originally Posted by expatCA View Post
Orly according to the law. Mentally they have a way to go. Just ask anyone who is 30 how adult they were at 18.

Answer: "not very".
i know one who is 44, single and his priority is good clothes and nice car. used to live with his parents in a sec 8 but probably caught so now rents a room in their neighborhood
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Old 05-16-2017, 10:43 AM
 
3,437 posts, read 3,287,395 times
Reputation: 2508
Quote:
Originally Posted by Perma Bear View Post
I know a millennial that's 25 and has 142,000 dollars in assets, made 58k last year, and literally can't afford to move out.
he's just smart and probably tree hugger.


i know one also who lives with his parents but bought his house and renting it
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