Posted on 04/09/2023 12:18:26 PM PDT by millenial4freedom
My first job with a paycheck was working for Sears when I was in high school in 1976. It paid $2.30 an hour. The minimum wage went up to $2.65 an hour in 1978. I didn't get a raise, because by then I was making more than minimum wage. Everyone making less than me (most only on the job for less than a couple of months) did get a raise. The minimum raise went to $2.90 in 1979, $3.10 in 1980, and $3.35 in 1981.
Can’t say i blame them
The decent parts of Nashville are out of reach unless mom and dad pony up a big down payment
The Gen Zers just have to wait until the bulk of baby boomers croak. Then there will be a glut of houses.
I have no doubt that when they looked back on what their parents and grandparents endured they thought that they had it easy. IMHO every generation since has had it easy, including my own and my children's and hopefully my grandchildren's.
Well if they keep voting for the traitors to The Chinese communists there won’t be any houses to buy
It is amazing how many Americans think that high interest rates are going to create a 60% drop in home prices.
Parts of premium Phoenix are still seeing increasing prices.
Yes, and probably fully vaccinated. As such, they're genetic dead-ends, at best; at worst, they're just running out the clock.
There are young people who didn't get the poison jabs, and are working toward a decent future. Not those in the article.
90% of Gen Z’s would probably not respond to a survey. How are these researchers contacting them?
Gen Z is competing against giant investment funds that are buying up single family homes with the plan to turn them into permanent rentals.
This is something new and may never give them much of a chance to own a home. Invitation Homes, Black Rock. They may even be fronting for China’s government invest fund looking to invest in something besides Treasury bonds.
You are correct.
And those hedge funds, sovereign wealth funds, foreign investment funds don’t care about mortgage rates.
They often don’t care about prices. That’s the money that comes in with full cash offers above the asking price. It’s transforming America.
You can bet on it
Housing doubled here during kung flu lock downs when silicon valley remote workers grabbed everything. It has shown no signs of slowing.
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