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Everyone has their own story, but I made it on 15K in the early 80s in a very expensive metro by cutting costs everywhere I could. Mortgage rates hovered around 15% back then. I can remember going to happy hour and buying a cheap beer just to get the free appetizers for dinner.
As you say and have done, most need to make the best of the situation by not expecting the world when they get out of school.
Expectation control is certainly a component here - but there are larger-scale changes at play. Which is what I'm getting at. I often see people reverting to the "laziness" excuse...most people my age that I know actually want to work hard, contrary to what the latest headline tells you on Yahoo.
Two parts to the college problem. Entitlement being one of them. No one wants to go to a cheaper college. Second, students loans are a serious, life altering, bad idea. One can get a 4 year degree here for less than 15 grand if they have any common sense.
Yes - I don't disagree with what you're saying.
Although, there are plenty of people that go to cheaper colleges...an ancillary issue here is that many schools that used to be really cheap are getting more and more expensive. Even state schools are getting considerably more expensive. These kind of increases are not sustainable.
And I think the way student loans are structured is a major issue in relation to that...that entire industry needs to be re-evaluated.
Expectation control is certainly a component here - but there are larger-scale changes at play. Which is what I'm getting at. I often see people reverting to the "laziness" excuse...most people my age that I know actually want to work hard, contrary to what the latest headline tells you on Yahoo.
That may be true, but unfortunately the job for you is not always in the location in which you want to live. I see less young folks willing to leave the comforts of home than in the past.
Not seeing the issue. Young people with roommates? Communal living? Same diff as when I had roommates.
They are trying to make it sound better and convince them to share more things and own less, because it's green. It seems to promote dependence, and we are supposed to think that owning things is uncool and materialistic. Only the rich are ok to own things. We can all just rent from them, and be all hip and communal. Not only that the apartments are getting smaller, not small and confining, but "tiny", as in cute.
They are trying to make it sound better and convince them to share more things and own less, because it's green. It seems to promote dependence, and we are supposed to think that owning things is uncool and materialistic. Only the rich are ok to own things. We can all just rent from them, and be all hip and communal. Not only that the apartments are getting smaller, not small and confining, but "tiny", as in cute.
I'm not against that. I am 100% behind the "own less" movement (and I have personally gotten rid of a lot of useless stuff from my life in the last few years). It's incredibly freeing to reduce your "things" to just the necessary ones. And living in a smaller space has its advantages.
The implications you are alluding to are not really anything I'm considering, though. I don't really care, personally, if it's hip (or whatever). I just know I'm saving money, am using less resources, allows me to live closer to work/in a walkable neighborhood...and am happy about it. ***
I also think we should be careful about defining who "they" are...often, "they" are developers wanting to re-brand tiny ass apartments in a positive way. Or they want to get permission to build super small apartments so that they can get a bigger ROI. Who is really behind this when you look at it? Is it really the "millennials" driving that? Or are they just being exploited...after all, most millennials I know would still prefer to live in their own private 1BR, given a choice.
Also, this is in the Bay Area (where I live), where there is an absurd housing crisis going on. These trends are not necesarilly transferable to all metros/regions in the US. In fact, I can only really think of 1 or 2 other places with an as asinine market as here.
***Of course, I wouldn't tell anyone else how to live. Everyone is free to do what they like, to own as much as they want, and to have as huge of a house as they want...The beauty of this country.
I'm confused. I see nothing in your post about re-branding, nor any explanation of what the purpose of re-branding would be.
Sorry I was reading a blog and saw these tweets. The tech writer and the other tweeter is mocking this article and the attitude its taking about micros like The Nook where units range in size from 181 to 255 square feet, and in price from $1,585 to $1,860 a month.
Cities have enormous eviction problems, huge homeless problems but you have speculators and greed driving rents to insane levels, alot of people just buying places and not living in them while you have people evicted and tent cities of homeless people.
All the while "real estate porn" blogs just go crazy over the ultra rich and all their playthings and huge homes
$30,000.00 in 2015 had the same buying power as $6,630.84 in 1975
Annual inflation over this period was about 3.85%
The thing that interested me is how different millennials and this boomerang generation are in their patterns, its an enormous difference in patterns of living and getting married. Of course with all the kids still living at home is going to influence marriage prospects but young men not making as much money is changing things.
Student debt seems to be a big issue and the whole student loan program needs to be looked at but I really wonder how much of a good investment college is for alot of people, I wasted alot of money on a degree with alot of unnecessary classes and expenses and the kids in coding boot camps and schools are coming out much better prepared to work on various platforms than I am
In the 1970s, 8 in 10 people
married by the time they turned 30.
Between 1975 and 2016, the
share of young women who
were homemakers fell from
43 percent to 14 percent of all
women aged 25 to 34.
More young people today live in their parents’
home than in any other arrangement: 1 in 3 young people
in 2013, 41 percent of young
families had student debt, up from
17 percent in 1989.
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