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by yason 52 days ago
It's a generational narrative here as well: while it gets applied to X, Y, or Z generations in turn and depending on the context - I think it started with X's - but the gist of it is that young generations couldn't afford the house they themselves grow up in. Even if their parents were basic blue collar families and the new generation are well educated. There's too much truth in that as people look back in the preceding decades.
1 comments

This wasn't some kind of mansion. It was a 1300 square foot house. I guess I'm aiming too high then while making 4x his salary? And people have been whining about this same problem for decades so nothing to be done about it?
Depends if you think you’re going to ride a rising tide of appreciation when you buy a house, or if you have to accept its already long passed.

Aunts and uncles picked up homes in SoCal for 150-200k in the 90s, now worth 1-2m in some cases, but in any case, it seems unreplicable today.

If there’s a new frontier to capitalize on, a lot of us seem to be missing it…

well shoot, his grandpappy just had to roll up and Stake his claim on the land and it was his.