A chart showing the sad state of housing in USA/Canada

[SnugglesDaBear]

Is there a more cursed generation than Millenials?

The chart is for Canada but similar thing is happening in America. Neither side in politics is talking about how housing is becoming a luxury of the wealthy.

 

[The BasedFather]

Capitalism: The American Dream

 

[Oztradamus]

Man, I’m glad I bought my home 20 years ago.

 

[RedCloakBlackWraithe]

maaaaayne folks gotta work a 9-5, sell dope on the side and own a chicken joint just to live comfortably.

 

[-DMP-]

Maybe serfdom won’t be as bad this time

 

[Mike Ock]

Capitalism: The American Dream

This is definitely not just an american thing.

 

[Child_Of_God]

Millenials and Gen Z got screwed big time.

 

[SnugglesDaBear]

Maybe serfdom won’t be as bad this time

It seems this is where we’re headed. Some companies have started building housing for their employees. Rent coming straight out of the paycheck.

The New Company Towns: Beware Employer-Subsidized Housing

Large companies like Meta and Tesla are creating developments with below market homes for employees. But do these "golden handcuffs" limit employee flexibility?

www.cpapracticeadvisor.com

 

[Mowgli]

Interest rates.

Guess yall thought it was gonna get better after the mandated shutdown and stimmy.

 

[Heafcliffe]

Man, I’m glad I bought my home 20 years ago.

This! So thankful we bought 10+ years ago.

 

[Vandelay]

Neo-feudalism
Techno-monarchy

Get used to those terms.

With AI and Cryptocurrency this is going to get exponentially worse. Imagine having to be d-1 level talented to have gainful employment in about 15 years. Everyone is gonna be gig economy, UBI-ing it up...

 

[Womb Raider]

Man, I’m glad I bought my home 20 years ago.

I would’ve bought mine 20 years ago, too bad I was 10

 

[Oztradamus]

I would’ve bought mine 20 years ago, too bad I was 10

I was a baby right there with you at the tender age of 23

 

[Lieutenant Daniels]

A lot of millennials and older gen z’s prime young earning years were shyt due to the garbage economy starting around 2007. Jobs were paying shyt (and still are) or just outright weren’t hiring/laying off.

So buying 10, 20 years ago just wasn’t possible for a lot of folks. I have a great paying job now but i remember getting out of the Marines in 06 and spending majority of my 20’s and early 30’s either on unemployment from getting laid off or struggling to make ends meet. Gen X was the last generation that could actually have something for themselves

 

[SnugglesDaBear]

A lot of millennials and older gen z’s prime young earning years were shyt due to the garbage economy starting around 2007. Jobs were paying shyt (and still are) or just outright weren’t hiring/laying off.

So buying 10, 20 years ago just wasn’t possible for a lot of folks. I have a great paying job now but i remember getting out of the Marines in 06 and spending majority of my 20’s and early 30’s either on unemployment from getting laid off or struggling to make ends meet. Gen X was the last generation that could actually have something for themselves

Suffered in 20s due to the shyt economy. Finally stabilized oneself financially in the 30s. But now housing is unreachable. This is a common millenial story I hear nowadays.