[boesboes]

Really? Look around you man. Just an example:

I make about 2 times the median income in my area, that puts me in the top 5% nationally. I can 'afford' the bottom 10-15% of housing. It's already a shitty proposition for me with 16 years experience and career progress. I can't blame young people for saying fuck this shit.

But at least I can afford food. So there is that.

[anthonypasq]

im assuming you live in SF or something, which means you need to understand you are a complete and total outlier to begin with.

Either way, it has never been the case that the average person is able to afford to live in the city and raise a family. why do you think that everyone moves out to the suburbs to buy a house.

The town your parents moved to was not as built up when they moved there as it is now. The city expanded. We just have to accept that we'll probably have to move a lot farther out from the city which is really the same equivalent that your parents did.

[Balgair]

To add to this: Prop 13.

The CA housing market is just totally distorted by Prop 13. It is by design meant to screw new home buyers. And has been doing this for 46 years, with absolutely no end in sight.

I guess my point is that CA folks shouldn't generalize the issues with the housing market to the rest of the US/world just because they have a dogshit law on their books.

[carlosjobim]

> im assuming you live in SF or something, which means you need to understand you are a complete and total outlier to begin with.

No, this is true almost everywhere. Wages are low in comparison to housing cost. If the poster was living and working where houses are cheaper than SF, then his salary would also be lower and he would still be limited to bottom tier housing on his income.

The only way possible right now is to own real estate by inheritance or by having been born earlier to get in before those people who decided to be born later. Either that or you have to find a way to get your income from somewhere different to where you live, so that you can afford property. With WFH normalised I'm predicting massive migration waves as the younger generations from expensive towns, cities and countries move away to where they can afford to live.

[chii]

> puts me in the top 5% nationally

the nation is not completely homogeneous. In the situation where you are looking to purchase housing, the only comparison is in the immediate region (such as the county or at most, the state), as only others in the region competes with you, not somebody in a faraway state whose wages are much lower.

[llamaimperative]

You really can't see the issue with comparing your income the nation, but your housing purchasing power against your locale?

What percentile are you in your area?

And yeah, housing is screwed, but no that does not mean "the economy" is fucked.