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.
Heeeeellllll no. Seen enough that I am not touching that with a ten foot pole. I value my mental health more than that.
That does sound a lot easier, making assumptions about people and not bothering to read what they wrote sounds like it makes it easier to sleep at night, knowing there’s zero possibility you maybe were just mistaken about something.
Perhaps, but as far as assumptions go I have not neglected to notice you have not bothered to correct me either.
I have also experienced that some people refuse to give up and feel like they must deliver some nebulous and ultimately wanting ad hominem “parting shot” not persuant to the original arguement so they can self-rationalize their own position and feel like they came away saving face. You wanted to find a rationale to dismiss me and there you have it : I am not worth engaging with because I don’t “understand you”. Now back to your comfortable life you go.
I have no idea what you are talking about at this point. You literally admitted to not being able to mentally handle my points and that they were bad for your mental health.
I’m curious what you think my point is, that’s it’s so eldritch and terrible its causing you 8d6 psychological damage.
Cuz I seriously don’t think my take is even a hot take, it’s wild how I’ll write what I perceive to be pretty basic “don’t be a dick” logic and people will be like “whooaaa hey now we got a psycho over here, hey this dude thinks parents shouldn’t treat their kids like objects, what the fuck right?”
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