In 1990 my mom stayed home and raised us. My dad worked a measly construction job and we lived in a two story, 5 bedroom house (which they lost after the 2008 collapse, I took it over and lost in 2012).
My mom was also able to borrow against that house over and over again for cars.
Around 1996 my dad got his CDLs and drove a coal truck.
We bought that house for 30k.
My aunt bought a huge colonial house with 8 bedrooms for roughly 60k in 1979-80. She never worked. Her husband was a coal miner.
When it burned down in 1996, she bought a beautiful brick home in a wonderful neighborhood for 100k. She sold that same house recently for 600k.
A “measly construction job” is a good paying one. A person working at a McDonald’s for 40 hours a week at that time would not be able to afford an apartment let alone a house. When your aunt bought her house interest rates were in the teens, today they are 7% and that’s a record high. My parents bought a house in 1976 for $28,000 dad worked full time at a city job plus always had a second job or side hustle. Our family would strip copper to make ends meet. Mom cooked every meal, eating out was a rare treat. Never once did we even order pizza, Mom make it with powder dough. We didn’t have cable. Got by on two junker cars sometimes one.
Every generation has it’s challenges. This is the first to have a public circle jerk/pity party
A minimun wage construction job? Someone is lying to you. Dad was probably working the glory hole at kwik-e-mart. No bank is going to give a house loan to someone making minimum wage.
As a matter of fact they gave my parents multiple loans until it exceeded the value of the house so badly that we couldn’t keep up with it.
They did this so many times for so many people in my neighborhood that the place is now nearly rubble because of it. Oh, and that kind of irresponsible lending led to the 2008 collapse.
Mate, a smaller percentage of our generation has houses. Wrap ya head around that. No one’s arguing every other generation had a house, that would be idiotic.
My mom worked at Sizzlers in the early 90s when she and her husband, a no-degree “engineer” were able to buy a 4 bedroom house with a huge yard and 2 car garage in the DC suburbs (MD side), with two cars. A few years later, they upgraded to an even bigger house in an even nicer part of the county.
Objectively poor people had houses that they owned, in places people wanted to live. None of that has been possible for at least a decade or more. Millennials are now in our 40s and have more education and experience than Boomers ever did, yet the ROI and QOL differentials are staggering.
Don’t let Boomers gaslight you; they collectively played this game on the easiest mode.
Are people under the impression everyone who had a 40 hour a week job had their own house?
Everyone? No. Far, far more people than now? Absolutely.
In 1990 my mom stayed home and raised us. My dad worked a measly construction job and we lived in a two story, 5 bedroom house (which they lost after the 2008 collapse, I took it over and lost in 2012).
My mom was also able to borrow against that house over and over again for cars.
Around 1996 my dad got his CDLs and drove a coal truck.
We bought that house for 30k.
My aunt bought a huge colonial house with 8 bedrooms for roughly 60k in 1979-80. She never worked. Her husband was a coal miner.
When it burned down in 1996, she bought a beautiful brick home in a wonderful neighborhood for 100k. She sold that same house recently for 600k.
The difference is absurd.
A “measly construction job” is a good paying one. A person working at a McDonald’s for 40 hours a week at that time would not be able to afford an apartment let alone a house. When your aunt bought her house interest rates were in the teens, today they are 7% and that’s a record high. My parents bought a house in 1976 for $28,000 dad worked full time at a city job plus always had a second job or side hustle. Our family would strip copper to make ends meet. Mom cooked every meal, eating out was a rare treat. Never once did we even order pizza, Mom make it with powder dough. We didn’t have cable. Got by on two junker cars sometimes one.
Every generation has it’s challenges. This is the first to have a public circle jerk/pity party
My dad’s construction job was working for my mom’s brother for next to minimum wage. Not that it matters.
A minimun wage construction job? Someone is lying to you. Dad was probably working the glory hole at kwik-e-mart. No bank is going to give a house loan to someone making minimum wage.
Well, they did.
As a matter of fact they gave my parents multiple loans until it exceeded the value of the house so badly that we couldn’t keep up with it.
They did this so many times for so many people in my neighborhood that the place is now nearly rubble because of it. Oh, and that kind of irresponsible lending led to the 2008 collapse.
And the younger ones have an objective, mathematically proven worse version of the challenges than the earlier ones did
Nobody claimed it was ever perfect, only that it’s worse now, which it is
Haha I love it when kids tell me what my life was like.
Back to my original point. No, not everyone who worked 40 hours a week could afford a house.
You can wrap yourself in self pity or you can be resourceful, your choice.
Mate, a smaller percentage of our generation has houses. Wrap ya head around that. No one’s arguing every other generation had a house, that would be idiotic.
So self pity it is
Yours.
Not me. I just paid off my second house.
Didn’t happen, I said what it was like now by comparison
And no body ever claimed that
Lol, you have no idea what you’re talking about
100%
My mom worked at Sizzlers in the early 90s when she and her husband, a no-degree “engineer” were able to buy a 4 bedroom house with a huge yard and 2 car garage in the DC suburbs (MD side), with two cars. A few years later, they upgraded to an even bigger house in an even nicer part of the county.
Objectively poor people had houses that they owned, in places people wanted to live. None of that has been possible for at least a decade or more. Millennials are now in our 40s and have more education and experience than Boomers ever did, yet the ROI and QOL differentials are staggering.
Don’t let Boomers gaslight you; they collectively played this game on the easiest mode.