Few milestones in life mean as much to the American Dream as owning a home. And millennials have encountered the kind of trouble totally befitting their generation, which largely graduated into the teeth of the disastrous post-2008 job market. Just as they entered peak homebuying and household formation age, housing affordability is at 40-year lows, and mortgage rates are near 40-year highs.
The anxiety this generation feels about the prospect of never owning their own home affects their entire perception of their finances and the economy, says Moody’s chief economist Mark Zandi.
“If they feel like they’re locked out of owning a home it colors their perceptions about everything else going on in their financial lives,” Zandi says.
Millennials have long been dogged by a brutal housing market. They faced not one, but two, cataclysmic economic events—the Great Financial Crisis in 2008 and the pandemic in 2020. Both of which left them reeling financially and struggling to afford a home. The Great Recession decimated the real estate market as the economy nearly collapsed under the weight of tenuous mortgage backed securities. While the pandemic brought with it a remote work boom that caused millions of citydwellers to flee to the suburbs, sending housing prices soaring.
me to care for my father
That’s your choice to make then.
Moving is an option, you are prioritizing your father’s comfort over your own life.
You can do that, but no one us forcing you to.
You can tell your dad “look I’m leaving, I can’t afford it here. You can come with me or not, but I have my own life to live and this place is killing me”
If he doesn’t come with you, then that’s on him.
He is a grown ass man, you aren’t his parent…
Often I see this case, if you purposefully choose to shackle yourself to a relative, that’s no longer "the economy"s fault you can’t afford life. You made a choice to live outside your means, and that choice has consequences.
You always have the option to leave and most if the time if push came to shove, your relative will cave and follow.
Of not, you aren’t responsible for them, stop lighting yourself on fire to keep someone else warm.
Holy shit dude. You are an actual psychopath aren’t you? Fucking Ebenezer Scrooge pre ghostly trio levels of heartless.
Fucking hell…
See my write up in detail here, hopefully it helps shed more light on my point:
Heeeeellllll no. Seen enough that I am not touching that with a ten foot pole. I value my mental health more than that.
Of not, you aren’t responsible for them, stop lighting yourself on fire to keep someone else warm.
Imagine if all of society operated on this person’s principals of “fuck you, I got mine!”.
It’s basically the GOP playbook.
There’s a huge difference between helping others within your means vs outside your means.
This is actually the first principle of the Hippocratic Oath that doctors take, if you’ve read it.
Prioritizing your own health comes first, because a dead doctor can’t save anyone else anymore.
Sacrificing your own health to try and help others typically is net negative cause now someone else has to look after your sorry ass in the fallout.
Working yourself to the bone helps no one, it’s just net negative and doesn’t do any favors.
That’s explicitly why I said “lighting yourself on fire”, which is actively harmful and tends to be, you know, lethal.
But it’s so much easier to strawman what I said into something else entirely and attack that instead yeah?
Man you just keep finding new and inventive ways to continuously prove how much of a dick you are in this thread.
It’s a fundamental truth. Children feeling compelled to care for their parents is purely their choice.
I never said it was a bad choice, but it is a choice.
But if you do make that choice, it has consequences.
The concept of children “owing” their parents their lives is anachronistic and ignores the fact the parent chose to have them.
Any parent that feels their children owe taking care of the parent in their older age is an asshole, period. A parent that raised their child well should produce a child that wants to help their parent out of love, not a feeling of owed necessary.
The former is family and love, the latter is narcissistic parents that think they “own” their child.
BUT a child shouldn’t be killing themselves to take care of their parent. Any parent that actually loves their child would never ask their child to give up their own life to suit the parents comfort.
A good parent will do whatever it takes to support their child, and if that means leaving their old life behind to move (with their child) somewhere more affordable so the child can actually afford to take care of them, that shouldn’t even be a tough question for the parent to answer, it should be an instant “yes, if you are sure you want to do that I’ll support your decision”
Parents that compel their children to live outside their means just because they won’t move with them somewhere in their means because they dont want to leave their old home behind are shitty parents, period
Parents should never be prioritizing their own comfort at the cost of their children’s success in life. If you do that, you were never fit to have a child.
The concept of children “owing” their parents their lives is anachronistic and ignores the fact the parent chose to have them.
We get it. Your parents were shit to you, so the concept of loving and being loved is foreign and unheard to you. People choose to care for their parents because they love them, ya dink.
That’s a lot of psychopathic assumptions I’m just going to pretend you didn’t say. The point is the reality for most is dire and your clearly more interested in winning the conversation than understanding those shitheads on social media are only getting views because they are validating real problems in the economy.
I’m just going to pretend you didn’t say
That’s easier than confronting reality.
Confronting reality is when you realize you’ll be old and alone, with no one around to give a shit about you. Don’t worry, you’ll see it someday, champ. I’m hoping for it.
