Millennials simply can't afford to live in OC (Santa Ana, Dana Point: affordable housing, rich)

[blam]

Originally Posted by herdoggo

This is the new reality and while it might suck, what are you personally going to do about it? Can't change the hand you're dealt so it's up to you to play it.

What is most annoying to me is that older Americans think that millennials were NOT dealt a different hand at all. They believe that all of the problems millennials face are solely due to their character.

[expatCA]

Originally Posted by blam

What is most annoying to me is that older Americans think that millennials were NOT dealt a different hand at all. They believe that all of the problems millennials face are solely due to their character.

Never met one that felt that way. We know it is a different hand, but there is nothing that can be done about it. After all earlier generations had better hands dealt in many ways than Boomers. It will continue to get worse as more automation occurs, more jobs shipped overseas and what is available at a good wage will require more schooling and more debt.

[expatCA]

Originally Posted by Wutwutwutwut

I know many who have no idea about the struggles that Millennials have gone through. They bought homes decades ago, they have 6-7 figure funded 401ks that doubled in value during Obamas recovery, and are happily enjoying retirement now. Most of them have no millennial children so they are detached from reality and have no idea how much college or housing actually costs now.

And many do not fit that description. Many had quite a few kids, helped them through college, bought a simple house, avoided excessive debt, worked average jobs with no 401K or pension and ... and still are doing OK as they used their money wisely. I keep hearing from "some" millennial's that life is tough and ... it is and gets tougher each generation. Imagine what it was like for people during the dust bowl years when a LOT of people/families had to move to CA and ... take jobs getting the AG crops in and they were NOT Hispanics; or the great depression, or WWI and WWII when rationing was normal here; or were forced by the draft to fight in Vietnam and now suffer from PTSD and worse. Learn a bit of history. Some Millennials have a better life now than many did in decades past. They just want more for less.

[FirebirdCamaro1220]

Originally Posted by expatCA

And many do not fit that description. Many had quite a few kids, helped them through college, bought a simple house, avoided excessive debt, worked average jobs with no 401K or pension and ... and still are doing OK as they used their money wisely. I keep hearing from "some" millennial's that life is tough and ... it is and gets tougher each generation. Imagine what it was like for people during the dust bowl years when a LOT of people/families had to move to CA and ... take jobs getting the AG crops in and they were NOT Hispanics; or the great depression, or WWI and WWII when rationing was normal here; or were forced by the draft to fight in Vietnam and now suffer from PTSD and worse. Learn a bit of history. Some Millennials have a better life now than many did in decades past. They just want more for less.

More like they don't want less for more

[expatCA]

Here is a possible solution, if you don't mind relocating every few days as your "home" is moved. Works in LA.

People in LA are renting trucks and RVs to sleep in for $1,000 a month - Business Insider

[man4857]

Originally Posted by expatCA

Here is a possible solution, if you don't mind relocating every few days as your "home" is moved. Works in LA.

People in LA are renting trucks and RVs to sleep in for $1,000 a month - Business Insider

Not surprising. That's what many do in Silicon Valley also. How do you expect average Joe to pay rent when rent is $2500+?

[expatCA]

Originally Posted by man4857

Not surprising. That's what many do in Silicon Valley also. How do you expect average Joe to pay rent when rent is $2500+?

The average Joe will move out of State or rent with several other average Joe's or sleep in an RV, Truck, Van or car. Nothing is going to change that.

[LuvSouthOC]

Originally Posted by expatCA

The average Joe will move out of State or rent with several other average Joe's or sleep in an RV, Truck, Van or car. Nothing is going to change that.

One thing not discussed at all in this thread is the fact that OC bleeds millennials to LA. These are no doubt single millennials. At some point some of them return to OC, often coupled, but not always.

Let's not forget that many OC millenials still live at home. When they start to form families, many will inevitably more elsewhere if they cannot afford to live here. The relatively cheaper areas are, of course, the I.E., a very few parts of San Diego County, etc. Ultimately; however, many will move to other states. A select few will inherit money and still others will receive assistance from their parents for hefty down payments.

The bottom line is that OC will be comprised primarily of older people in the future.

[LuvSouthOC]

So is OC still bleeding millenials? Well we do not know how many of the departing population are millennials, but it is probably safe to assume that a large number of them are.

This article points out that Orange County’s population outflow cut in half so the levels of outflow are not as high as they were before. The backdrop to all of this is that housing prices are at all time highs.

OC is fifth highest in California for outbound migration, after Alameda, Los Angeles, San Mateo and Santa Clara.

From the article:

Be honest. Orange County’s population has become a political flashpoint.

Even the idea of slowing growth is too much for some folks, who bemoan a denser, pricier, more congested county. Others look at stats like this net outflow figure and see a call to action — for more housing and new roads to keep folks from leaving. So battles brew over seemingly every development proposal.

[CaliRestoration]

This is a good thing. South OC is way too crowded as it is. The more people leave, the better for both parties involved (those who own, and those that do not).