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Joined: Jun 2015
Posts: 15,400 Likes: 82
Old Mossy Horns
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Old Mossy Horns
Joined: Jun 2015
Posts: 15,400 Likes: 82 |
A lot of it has to do with mindset, priorities, and work ethic. If you look around, you will see a lot more younger people drawing a check on some government program because they are too lazy to work. There seems to be a lot more young meth heads running around as well and they sure aren't buying a house. Also, most younger adults are more focused on having the latest and greatest cell phone, new car, or buying those $7.00 coffees every day. Most of the young people I know, my children included, that have a mind to work, determination, and their priorities in order, are buying homes and raising families. Now, I will say that those type of young people are definitely in the minority. Bullshit. $7.00 coffees are not the reason why younger Americans can’t buy houses. Can $7.00 coffees be possibly indicative of a leaky bucket of consumerism/consumption, ya potentially but this country has much more fundamental monetary issues than Starbucks. But even at a $7 coffee daily is $2,555, so I’ll round it up to $2,600 annually. If they stopped buying coffee entirely and saved that $2,600, a major chunk of that money is losing more to inflation/home price increases. Look up average earnings to average home prices in 1975, 1985 and 1995 VS 2025/2026, this ain’t a coffee issue. Also consider that the young adults in your life are I’m guessing mostly here in Alabama. The home prices here in many parts of Alabama are rising yes but not near as high the national average which makes it potentially easier to buy. Noticeable exceptions in Alabama, parts of Baldwin Co, parts of Auburn, parts of Bham, parts of Huntsville. Until the past 15ish years, this was a country of citizens not an economic zone to be flooded with H1B’s & illegals like what’s happening.
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