It would be interesting to see what the average income to average discretionary spending ratios are as well. And by

Jul 25, 2024
5:20:33pm

unctoothman To extract or not to extract..

discretionary spending I'm referencing vacations, recreational toys, phones, conveniences (DoorDash), entertainment (inc subscriptions), etc. I suspect that's much higher now, which further compounds an already higher home cost : income ratio.

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unctoothman

Bio page: unctoothman
Joined: Mar 15, 2006
Last login: Sep 16, 2024
Total posts: 71,088 (40,775 FO)

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Messages

Author

Time

I have a huge family. Tons of in-laws, cousins, nieces & nephews, on both sides.

Undefeated

Jul 25, 1:18am

Even with points, those trips aren’t cheap. If those 30 year olds saved for a

UNLVcougar

Jul 25, 1:29am

On top of that, my guess is they are also buying pretty new cars or cars that

UNLVcougar

Jul 25, 1:30am

Well, they're not (on average)

memento

Jul 25, 6:25am

I recall seeing articles about how millenials were going to kill the auto industry a few years ago precisely BECAUSE

Mike Honcho

Jul 25, 7:48am

Really depends on how much some of those vacations cost and where they live.

califcougar

Jul 25, 2:34am

30-40k won’t make a huge difference? That would make a huge difference for me

Warner

Jul 25, 5:03am

When we bought our first home, we didn't and couldn't spend money

Mister P

Jul 25, 4:52am

"Buy a house but be miserable" isn't a good argument for how to afford one

memento

Jul 25, 6:29am

We weren't miserable

JupiterJones

Jul 25, 7:01am

That’s the problem when people think that is what “miserable” is.

UNLVcougar

Jul 25, 9:02am

Yep. Even my own kids are the like that. 30 year old son and DIL been to

ybecausethatswhy

Jul 25, 2:00am

BTW, notice how there aren't any young people on here ranting yet?

Mister P

Jul 25, 5:12am

You’re flexing about how hard you work while posting incessantly on CB?

garyfan

Jul 25, 8:17am

RE: You’re flexing about how hard you work while posting incessantly on

Mister P

Jul 25, 8:24am

I’m amazed at the lack of empathy on this board sometimes

arnold palmer

Jul 25, 5:36am

No kidding. Don't we *want* young people to be able to get into houses?

DubuMfalme

Jul 25, 6:45am

You’re proving his last point:

Yucatan

Jul 25, 7:06am

It's because we're old enough to see it in our kids or their friends.

runnincoug

Jul 25, 7:23am

Because that’s what the OP was describing was people who were going to Europe

UNLVcougar

Jul 25, 9:03am

My comment is about the entire thread and attitude towards younger generations

arnold palmer

Jul 25, 11:51am

I have nieces and nephews who are married and still live with their parents.

maYbe

Jul 25, 6:10am

I went on a cruise recently for $60/night. Rent in my market is $110/night.

YOHONOMOTO

Jul 25, 7:37am

That's $60/night....per person. Right?

BYUDM93

Jul 25, 9:15am

Yes and includes utilities, food, travel, and entertainment.

YOHONOMOTO

Jul 25, 10:27am

I’ve seen a lot of complaints about this on FB and Instagram as well. I think it’s dumb to dismiss it

Mike Honcho

Jul 25, 6:19am

You pointed out the biggest issue for us - housing prices increasing faster than we could save

KingDave

Jul 25, 8:34am

Yes - the rate increase differential between housing and pay is a real problem

BYUDM93

Jul 25, 9:26am

I think there are still options for young people to get homes but I'm not sure that many how many want to go..

greatbam

Jul 25, 7:13am

I did a relative housing cost comparison pre-covid and found that it was

YOHONOMOTO

Jul 25, 7:32am

Penalty on the post...completely inaccurate use of the word 'Boomer'

JupiterJones

Jul 25, 9:57am

It’s called the boomer lottery because no group has ever benefitted more from

YOHONOMOTO

Jul 25, 10:32am

When you vote stupid you get stupid results.

UNLVcougar

Jul 25, 10:44am

I’m not sure what you’re getting at here.

YOHONOMOTO

Jul 25, 12:39pm

My kids are in their 20-30s and this is totally true. Plus this generation

Blue chunks

Jul 25, 7:41am

My wife and I have 5 kids and have never taken ourselves or our kids on a big

Cougphysio

Jul 25, 7:56am

You are a hero. A lot of people are in the same boat.

CougarMandias

Jul 25, 7:59am

Thanks

Cougphysio

Jul 25, 8:11am

My sister and my kid are both thrifty and can't afford a house.

CougarMandias

Jul 25, 7:58am

Social media makes it worse

GMGlenn

Jul 25, 8:07am

That is exactly why I stay off of social media for the most part. I find it so

Cougphysio

Jul 25, 8:11am

Research shows you're happier with a slightly larger home then your neighbors...

runnincoug

Jul 25, 9:04am

I did a quick analysis last year of average income to average cost of home

Dwreck

Jul 25, 8:59am

That's great information.

CougarMandias

Jul 25, 9:11am

My nephew is moving from California to Provo. His mom asks what the heck is

Bee Chunder

Jul 25, 3:51pm

It would be interesting to see what the average income to average discretionary spending ratios are as well. And by

unctoothman

Jul 25, 5:20pm

And us 20 and 30 year olds roll our eyes

DreamerCoug

Jul 25, 9:48am

I said the opposite. I said it's more true than not that it's harder for you to

Undefeated

Jul 25, 4:02pm

Two things can both be true

JupiterJones

Jul 25, 9:59am

The thread right here.

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