MixerOfMeows
166047
10724
265
Jun 30, 2016 9:10 AM
MixerOfMeows
166047
10724
265
nirtiak
Gonna get down voted but this is stupid. And anyone blaming their parents for the state of the housing market is an asshole.
ekwalters
I guess my browser is stuck in 2009?
filopaa1990
Gf's apartment in NYC went from 1.8k a month to 2.5k a month, in just one month! Don't know if it's related but it's fucked up
stippet
I watch list it or whatever that show is and they be like 750,000 is our budget. I paid 160k ranch 1 acre 2 car garage full basement.
amoeba15
California, man. Housing prices out there are utterly batshit insane.
FilthyRedmond
https://media4.giphy.com/media/10hfegXGKVRVNm/giphy.gif
TheManInBlackFledAcrossTheDesert
DukeTritus
Anyone with an ounce of knowledge on the subject knows that the Fed and the banks caused this, not an entire generation of middle class.
MydeslyxiasFunnyToMe
Gotta wonder if this isn't just propaganda, put out by the big banks, to distract ppl from the real issue.
ASecondAngryPandaEntersTheScene
People seem to whine about gentrification but it's the obvious and logical response to runaway housing prices.
HolyCringeLordBatman
Gentrification is the process of runaway prices. I don't think that word means what you think j it does.
aflarge
Am I the only person whose parents loved them?
IWillNeverForgiveNoahForPuttingMosquitoesOnTheArc
Yeh I don't get how any parrents could say something like that
wobblej
Us generalizing their generation is just as bad as them generalizing ours.
llandy
And now we're stressed out
AttackOnTurtles
|-/
tarataqa
The housing market is excellent here. Come to Texas.
BlackCatsAreBestCats
PleaseDontRespondToMySarcasticCommentsWithASeriousReply
First gif I thought of after reading it
BlackCatsAreBestCats
It was my second, the first one I thought of is already top comment. Hive mind.
UkHugo
To be fair, that was the bankers and the politicians
QuantumEntangler
AAA rated CDO.
KnightOfTheBrohirrim
Then voted to leave the EU on top. The heartless bastards.
Ssssssssssss
The housing market's so destroyed around here that I can buy a home for well below the fair market value.
shimmernshine
Where?
Papasmurfblueballs
Maahkc
Oh the good side, I sold my little Boston condo, owned for 7yrs, and made $160k.
goldensky
It sucks ass for those of us buying in the Boston area. ><
Maahkc
I bought w my best buddy. We each paid half of the mortgage, had stable rent in Boston AND eventually sold, making a great profit.
goldensky
Encouraging! :) I bought in Revere recently. I hope it appreciates!
LogarthSheppy
The best part is that as it's getting better, boomers are moving out of 1m+ homes into homes most 20-30 somethings could buy as a starter.
LogarthSheppy
"Why don't you have kids and a house yet?!" - Boomer that purchased 5 120-180k homes with proceeds from 1.2m home and is renting them out.
hamburgerninja
IDontWantFOPgoddamnit
Please, like they are going to acknowledge in any way that anything is their generation's fault.
DickButtMcGruff
"you don't know how good you have it!" -our parents actually
flapperfemmefatale
My mom acknowledges how selfish her generation has been. Dad, not so much.
whycantisigninwithmyotherusernamethisisstupid
spookyu
Dude, why? I bought my house 3 years ago (I was 23 at the time) and paid fuckin pennies for it. It's already worth like 50k more than I paid
chopsmcgee
"Bad news, everyone!"
jamiewritesfic
TheyCallMeLazarus
Comment gold
BlackCatsAreBestCats
God damn it, I just went and found this gif, uploaded it, commented it, realized it was already top comment and deleted it.
BlackCatsAreBestCats
Fuck it, here's my URL anyway:
spuddwell
Millenials, amirite?
tarataqa
whiners, amirite?
Rawcal
applies to 90's kids as well imo.
twofishtails
I live in the woods 2 miles from one of Silicon Valley's priciest cities.Made myself extremely comfortable, private and don't pay $3,000/mth
MydeslyxiasFunnyToMe
I moved to Philly, where jobs in my field pay about the same as in San Fransisco, but rent is about 1/3 the costs.
twofishtails
For good reason.Philly is ultra-nasty, no offence.
MydeslyxiasFunnyToMe
I like it here. The people aren't as stuck up as in CA.
twofishtails
Lived in Abington around 1975. You had Philly winters, humid summers and huge slums,crime, etc. I'm sure it's better now, like a lot of NE.
MydeslyxiasFunnyToMe
Never been to Abington. Jenkinstown is really nice, though. Mananyunk is starting to get pretty nice, too
trujello2013
I'm a single mother with soon to be two chicken. Made not quite $12 an hour and my mom can't understand why I can't afford an apartment.
SpliffSanders
I will trade you 2 chicken. :P
IDontWantFOPgoddamnit
I wish I could have two chicken. The price of chicken is outrageous these days.
trujello2013
Ha! Children^ not chicken. That was an awesome type-o
emergencyhuman
Bet you'd want them to be chicken now.
emergencyhuman
Also, sorry. Couldn't resist. I'm sure you love them. Hope things get better soon.
trujello2013
Lol they'd probably be easier to handle/ take care of if they were chickens! But thank u!
PleasePMMeYourFeet
"I'm going to count to three, and then decide to keep working when there are hundreds of applicants for the position I could retire from."
SomeGeographer
Basically gov't work. At our last meeting our director said 50-60% of our employees will be eligible to retire in 2-5 yrs.
HolyCringeLordBatman
I'll be honest, I don't think most can retire. I don't know any boomers that actually properly planned for retirement. Anecdotal though
flapperfemmefatale
My mom didn't plan, but she chose her employers well and will have multiple pensions. She may even retire early
FourOrangeCircles
I know my parents didn't, and I'm an only child. I have no idea how I'm going to take care of them when I am just barely scraping by myself.
mypeesmellslikeluckycharms
My dad is a great example. He begins all his lectures about why I should save for retirement with "If you assume a 10% return annually..."
GavinScreaming
I still don't understand why people go to college and major in fields with almost no job market, and then complain about not having a job
flapperfemmefatale
You assume that all of us had someone to help us make such a decision. How can you be expected to look for info you don't know exists?
RevolioClockworkJr
Also, advice from people like "Oh! You can use a college degree to get any job," "*totally unrelated fields* want that degree!"
HolyCringeLordBatman
CS degree, entry level job wants 3 years experience. Sorry I didn't have time for unpaid internships. I needed to house and feed myself.
teepuppylove
Bachelor in Business Mgmt- most generic degree- took me over two yrs to find solid work. Been here 2 yrs, still not making a livable wage.
fewermelons16
I just graduated with that degree. My advisor kept suggesting it because I had mentioned that I liked my business classes in high school
teepuppylove
I wish you luck in the job hunt!
ProfessionalTurtle
I'm economically inept, how did boomers destroy the housing market?
MydeslyxiasFunnyToMe
They didn't. It was sub prime mortgage rates that did it & no laws were passed to stop it from happening again. And guess what? It's 1/2
MydeslyxiasFunnyToMe
Happening again. It'll destroy our already weakened economy, possibility sending the world into a depression 2/2
ProfessionalTurtle
So way too many people are buying up houses they can't afford and driving up prices? But wasn't buying a house considered attainable (1)
ProfessionalTurtle
to pretty much anyone back in the day? What changed?
MydeslyxiasFunnyToMe
The lending practices of banks. Also the bank regulations put into place after the great depression were overturned in the 90s, allowing 1/?
Lyrian
I live near Toronto in Canada. The banks here are starting to reject mortgages on houses because the houses are selling for MUCH more than
HaOhMaEhEr
I'm in Oshawa! My house has gone up $60k in the last year! It's insane!
MyExistence
Yup. Currently live in an expensive area in Toronto, the bungalow across the street sold for 1.1 million. Tiny house.
spicerfacts
My aunt bought her house in Vancouver for $70,000 in 1972, just sold it for $6M, just craziness.
cheesyblasters
About 10.5% every year. Yikes!
spiritussancto
welcome to vancouver. i don't know anyone under 50 who believes they'll ever be able to buy a home here
Lyrian
they are worth. My townhouse has gone up probably $60,000 in value over the last 3 years, which is silly. But that also prices out a
jayliu1984
60k over 3 years? That's not bad. The townhouses near me went up 100k - 150k in one year.
Lyrian
detached home at being over 500k for one of equal size (1400~sqft). 700k+ if I wanted a larger house (2000+sqft). (This is in the city)
Glumerlink
Well, enjoy the bubble while it lasts I guess
[deleted]
[deleted]
GandalfsLawyer
I just bought a 1200sqft townhouse for 145k 6 months ago. Buddy does property evaluations said the place already went up 30k . Ridiculous
kamandor
We bought a 4 bedroom 1700 sq ft townhome in Ottawa proper (not suburbs) for under $300K. Lots of jobs here too and better transit!
Lyrian
Yeah! I was looking at other cities too! Only Vancouver seems to be as weirdly affected by this. I've always wanted a big house... :(
SexyTurtleAfro
Same thing in Vancouver..
Tinglyflame
Worse, I'd say.
patmanandrobin
Definitely worse
Treblaine
Isn't there a website called "crackhouse or mansion" where people try to judge a house price and it varies SO much.
OneZebraInAHerdOfWildebeests
Meanwhile in TX I'm whining I can't get a descent new build for less than 300K
spiritussancto
lols, i live in vancouver. you can't get a studio condo in the ghetto for $300k. ANY house is over a million
Sowaka
I'm looking at getting a 500sqft 1br condo for that much... What the hell.
mattventuretime
If you're in the frisco area, look into hackberry, that's as close as it gets to 200s around Dallas now without sketchy neighborhoods
sinisterkoolaid
Yeah, same here... I work in tech so I've always had to move for work for decent jobs (currently in ATX.) In 2000 I started to buy acreage
sinisterkoolaid
in Kerr county with the assistance of my step dad and VA loan. I've wanted to build out there but since it's rural it's not too bad but
sinisterkoolaid
no high speed internet, so no feasible to live out there. I have 200 acres on my side now thinking about selling since rates have almost
sinisterkoolaid
tripled since I bought. I've had to live real conservatively in ATX to make sure I can afford the taxes even with wildlife exemptions.
SocoFox
And meanwhile in TX I'm laughing because I bought 3,000+ sq/ft for less than 200K.
SnugglesaurusRex
You couldn't buy a studio in the seattle area for that.
kingdon558
300k can buy you one badass house in SA
ClitKicker87
300k you can buy a small amount of people in south america
OneZebraInAHerdOfWildebeests
Not trying to sound snobby but that's what I mean by descent. Pool/pool access neighborhood, good size yard, 2 car garage, 4 bed 3 bath...
supernaturaldaterape
Mississauga, our family home purchased in 1996 for 250 thousand sold for 550 in 2008. Now valued at a million.
plsmakemerelevant
Blame foreign investment. The people who invest in multimillion dollar condos don't even live in it. Ridiculous.
plsmakemerelevant
They're one of the major causes of inflated housing prices. Its false demand.
BiscuitsandGravyBaby
Yeah, I watched a documentary on Canada's housing market. Similar to Sydney, Aus.
SorrowXviClic
I live in newmarket which is still GTA area shit hole houses from the 70s with electric heating go for 600 grand one bathroom two bed.
MarisaR
Can confirm this. I live just north of Toronto. In one year, my house has appreciated $80,000. The housing market is booming here.
nix711
Good time to take some profits of the table then? Won't always be like this...
mikeatike
Did we learn nothing from the last decade?
mt77932
That's how it was just before the market crash in Chicago. Afterwards the 600k house 2 doors down from me dropped to 390k in 6 months.
MarisaR
This happened back in the 80's here also, except the interest rates sky rocketed, and then a housing bust in 90's. This time, banks (1)
MarisaR
are taking measures to prevent that. At any rate, don't plan to move any time soon. Been living here 23 years.
SorrowXviClic
My child hood home I think was 300 when it was built in 2003 or eariler, and it's 800 thousand now
orangechocolate
I'm from Scarborough I didn't know about the bank thing
Lyrian
Yeah, I heard it on the radio earlier last week. Apparently it's new directive coming down from the major banks.
Lambourtitty
As a 14 year old living in Toronto, and planning on staying, I'm kinda scared ):
Lyrian
Study hard, start saving money now, and you'll be able to! You'll just have to start small.
spiritussancto
you could always look into tiny homes, RV life, or living on a boat or house boat. plenty alt options to think about
Lambourtitty
That's not something I'd like to do, I'm used to living in a relatively larger sized home, but it's probably cause my dads a baby boomer...?