CdnCarrie
DIS Veteran
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- Aug 17, 2009
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I hear that is an issue in higher cost cities like Toronto and Vancouver here in Canada.Many millennials in my area just can’t afford to buy houses.
I hear that is an issue in higher cost cities like Toronto and Vancouver here in Canada.Many millennials in my area just can’t afford to buy houses.
Yep. Incomes just aren’t high enough to qualify for a mortgage, and then it’s hard to scrape together enough for the down payment. You may be able to get a condo under a million, but that’s about it.I hear that is an issue in higher cost cities like Toronto and Vancouver here in Canada.
Because statistically Millennials have taken a longer time to own a home relative to previous generations before them and before you think this is just a U.S. thing it's not. The U.K. is another such area in which there is a striking housing crisis. IIRC 2023 marks the turn of the tide in terms of number of Millennial homeowners.All the millennials I know own homes. Why is there some weird North American rumor about them not owning houses. I don’t get it.
This post is ironic in a thread about manners being extinct.What do you mean Millennials can't afford houses....
they live in the house their parents paid for.....
What age are those millennials? "Millennial" covers people born between 1981-1996 which is a pretty broad range with different experiences.All the millennials I know own homes. Why is there some weird North American rumor about them not owning houses. I don’t get it.
Ironic how?This post is ironic in a thread about manners being extinct.
What age are those millennials? "Millennial" covers people born between 1981-1996 which is a pretty broad range with different experiences.
Those of us on the older end of that range had an opportunity to take advantage of the 2008 housing crisis and buy houses relatively cheap. We also had years of low interest rates that allowed us to get mortgages with lower monthly payments. The younger millennials graduated college 5 years ago though and are probably just now getting to a stage where they can think about buying a house.
This post is ironic in a thread about manners being extinct.
An example of what is considered manner changing would be the use of first names.
I was raised that all adults were to be called Miss firstname or last name; Mrs. or Mr. Lastname; or Aunt /Uncle Firstname. And by adult, I mean anyone id 20's or older.
I was caught off guard the first time a new neighbor's child asked me my name and I answered Mrs. XXX and he asked me for my first name. His parent explained that they call all the neighbors by tier first names. Okay, whatever. Now it seems that almost all children I know default to first names except maybe the student/teacher relationship.
So, in my generation, calling an adult by the first name would be considered beyond rude but today, it does not seem to be considered poor manners. Now, before everyone jumps in, I must add that this may be a regional thig so maybe not everyone is seeing it but tit is my example of how what we describe as good/bad manners has evolved.
My kids and their friends all have good manners...pleases, thank yous, holding doors, etc.
What I do think has changed among teens is this: they are bored.
When I was a teen we had so many things to do - go to the mall, movies, teen "night clubs," etc. Now the malls are mostly empty, no one really goes to the movies because you can stream everything, and we don't have any teen clubs/hangouts around here. Add to that social media/phone use and it's a recipe for disaster. As a result I've seen lots of teens causing trouble in our small town.
It reminds me of the movie Over the Edge.
both but i'm remembering the standalone.
one of my fondest memories of how i was addressed is by a little girl who attended school with my kiddos when they were young. she always called me 'mrs. (insert my son's first name)'s mom'![]()
I believe I suffer from dysphonia and can’t stand the sounds of eating. Trust me, my kids close their mouths, and even doing so I can’t be in the room with cereal eaters. If I slurp something I offend myself. My dad required perfect table manners (yes, we couldn’t butter the whole roll at once). I once got the hiccups and was made to ask to be excused (my kids always asked, and even now as young adults thank me for dinner).
The combination of student loans, the economy and stagnant wages, and the housing market when millennials entered it that have kept many from home ownership. Gen Z is looking to have a rough go of it, too.Ironic how?
And are you implying that millennials today are somehow prevented from home ownership?
Ironic how?
i guess it could be read 2 ways:I guess I don't get the irony either. Isn't that statement a complement?
I’m stating that it is much more difficult today than it was for those of us that graduated 15 years ago. College costs are higher so people graduate with more debt, houses are much more expensive, and now interest rates are significantly higher.And are you implying that millennials today are somehow prevented from home ownership?
Seems like bad personal choices.The combination of student loans, the economy and stagnant wages, and the housing market when millennials entered it that have kept many from home ownership. Gen Z is looking to have a rough go of it, too.
So when you were born and old enough to buy a house are bad personal choices, got it.Seems like bad personal choices.
Up until COVID money was free, and houses were cheap.
My house didn’t recover from the 2006 market down turn until 2017….
Although I agree, with current interest rate buying a house now is just a dumb idea….
Something needs to change,
It's been a seller's market in my metro since 2015 and no houses weren't cheap as it transitioned from a buyer's market to a seller's market it's just even more insane now but it's not like homes were super super accessible pre-covid.Seems like bad personal choices.
Up until COVID money was free, and houses were cheap.
My house didn’t recover from the 2006 market down turn until 2017….
Although I agree, with current interest rate buying a house now is just a dumb idea….
Something needs to change,
Not, at all!So when you were born and old enough to buy a house are bad personal choices, got it.
I'm thankful I bought my current house with an interest rate of 2.5, but I didn't get a dime from anybody but myself for the down payment.
Maybe in your area, but certainly not everywhere.Up until COVID money was free, and houses were cheap.
And wealth building. It's been very difficult for Millennials to build wealth (generally needed to compete in the housing market). Being repeatedly interrupted in doing so impacts things (from 9/11, to the Recession to the pandemic). I know you and I are close in age and we have shared experiences living through some of these struggles. We know how the job market was when we graduated college (and it was not about what degree you had).The combination of student loans, the economy and stagnant wages, and the housing market when millennials entered it that have kept many from home ownership. Gen Z is looking to have a rough go of it, too.
What, then, would you consider the cut-off point for mortgage interest rates at which buying a house is a good idea? Rates were upwards of 20% in the 80s, and plenty of homes were still being sold then.Although I agree, with current interest rate buying a house now is just a dumb idea….
Interest rates are nation wide.Maybe in your area, but certainly not everywhere.
the house we sold in '06 did'nt recover to that sales price until mid 2021My house didn’t recover from the 2006 market down turn until 2017….
that's a phenominal rate. when we bought our first home (also no help with a down payment) we were paying 11%I'm thankful I bought my current house with an interest rate of 2.5, but I didn't get a dime from anybody but myself for the down payment.
We just do it based by who got there first. Sometimes that's my husband, sometimes that's me. Holding doors open for strangers follows the same although the scenario dictates if I'm actually holding the door and letting others pass us or if I'm just opening the door for them but they are still coming in behind me.And, yes, I cannot stand when a man makes a production of holding the door. Even my husband. I make him go first into each establishment because it just seems fake and patronizing to me.