Boomers Have Turned Gen Z & Millennials Into Forever Renters

Tim uses the SuperCommuter story to make the case that Boomers have made the housing ownership so out of reach that it's turned Millennialls and Gen Z into Forever Renters.
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[@tommyz1082]

Boomers selling their houses now they bought at 80,000 for 500k dont understand why we can't just buy a house.

[@AdamsDuhStuff]

The greed will start a civil war

[@Thr0bulator]

@@AdamsDuhStuff the day of the pillow

[@yaegermeister4307]

​@@Thr0bulatoryeah pillow over the face to the boomer 😂

[@tylerharris4392]

​@@AdamsDuhStuff yup

[@jessenielsen6188]

18% rates in the 80s MILLENIALS!!!!!!

[@notagiantseaslug5523]

I’m 41 years old and me and my girlfriend just bought a $600,000 house. I’m in debt until I’m dead. And it’s nothing fancy. It’s just a fucking house.

[@thomasclarke6934]

I was just crunching the numbers for a $600k house yesterday and it's so demoralizing. If you make a 20% down payment and take a $480k loan with a 30 year fixed rate mortgage of 7%, the total cost of the house for you (just principal and interest plus down payment) is $1.27 million. Just the interest alone amounts to $670k; more than the entire value of the home you just bought. And in most west coast cities $600k is the very low end of the price range for any house you would actually want to live in.

[@coomr419]

Lol you are officially gay

[@10oner]

Why didn’t you buy a cheaper one?

[@anon7596]

Sell the girlfriend, sell the house, sell the kids, move to Mexico 😂

[@fernandoi3389]

$600.000 ???? what kind of house is it ? there was nothing cheaper than that ?

[@farmingwithautism9159]

Recent statistic: Average home in the 1970s cost around 3 times an annual salary. Today an average home costs....11 TIMES an average annual salary. The "Just work harder." response that older generations would predictably give to younger generations isn't a realistic solution.

[@MultiAnne36]

Bought a house in 2021, cost 6x my annual salary. Right now it would cost 8 times my annual salary.

[@evanfinch4987]

Hmm, yet I still got a house for 100k which is 1x my annual salary because I was willing to buy something that needed work and did it myself.

[@slimdiddyd]

@@evanfinch4987you are the exception. How much have you spent on renovations and repairs? What sort of neighborhood is your house in? How much of the work have you done yourself?

[@dmoneydmoney6050]

@@slimdiddydhe’s not the exception. Everyone can do what he did. You are lazy, that’s why it seems difficult to you.

[@containercore6832]

Just work 400% harder bro it's not hard.

[@anthonybatissa1417]

we bought a house in the BURBS in 2001 for $195,000, In just 20 years the houses here now are selling for $800,000 now, I'm no Realtor/Analyst, but this seems like extremely Unsustainable INFLATION!

[@lakecityransom]

The bigger the house the crazier the swings are.

[@SchwererGustavThe800mm]

The house i grew up in 25 years ago cost my dad 225k, it sold a year ago for 650k. We had to foreclose on it 5 years ago after the divorce..

[@tomsnowden6201]

@@anthonybatissa1417I do. It’s the only thing ppl seem to respond properly to…the fact nobody went to jail for the 2008 crisis explains how completely corrupt the country is top to bottom in every industry

[@durandus676]

That would be the price at about 2045 in normal circumstances…

[@romeysiamese6662]

Not just Gen Z’rs. Some of us baby boomers rent and are struggling as well. It’s more stressful and anxiety producing when you are 65 with only SS and not many options.

[@thefirmamentalist9922]

I’m 34. I will never own home, never retire and never be happy. My parents split when I was 1 and both were non-existent. I was raised by the tv and babysitters. We are a forsaken generation. They’ve both acquired millions of dollars over their lifetime, while I’ve had to bounce around entry level positions and odd jobs living paycheck to paycheck.

[@TheRedBard]

34, college educated, and healthy, cannot make enough for a car let alone rent in my city. Paying above min wage for science jobs has become rare now. Its wild.

[@tomasmuir9812]

You’re lucky at least your parents aren’t dependent on you. I make a decent living in an odd industry, had to forgoe college education because I didn’t have the time or money, mother is broke and i send her money often, she has a masters, was a university professor most of her life but she made a loooot of mistakes.

[@StancedVacuum]

28, engaged and changing my career trajectory AGAIN! The cars I own are die-cast minis, and the houses are all digital. Straddling the line between Millennial and Gen Z really made for an interesting upbringing. Suppose that beats being lumped in with either group though.

[@nickford4685]

@@TheRedBard im 31 and i finally broke down and quit my dead end warehouse job to work for Wells Fargo doing the exact same thing i did at the warehouse, open doors, greet people, useless convo to get them to the next person, but these guys at wells start out at 59k.

[@christoph1596]

K those are completely different things though… you not being able to get anything past an entry level job is more a you issue than a generation issue

[@Leandros135]

I was out bid on a 2 bed one bath house by my own landlord… they own 35 other properties.

[@NoahsUniverse]

Slave system

[@bruhgh609]

This is exactly the problem.

[@lordlemond1350]

Damn.

[@axcelblack2808]

Im sorry to hear that bro.... these fucking slave masters are trying to kill us

[@thebolbiggity]

Eat the rich

[@gwills9337]

When real estate goes up - you’re not richer your poorer. Boomers got this confused and now their children have to live in a rotting box for $2.5k/month

[@JeDxDeVu]

They don’t understand the difference between price and value. They celebrate selling their house for some ridiculous price but bitch that their kids still at home. Can’t have it both ways pal 😂

[@ripplecutter233]

"entitled millennials! Why can't you buy property at the bottom of the market the way I did?"

[@tomsnowden6201]

@@ripplecutter233too lazy to work a 9-5 😂😂..I work 12 hour days and still have to take car of my own medical. Boomers are so far out of reality the shit they say is just funny and should be treated the way you would a howling husky.

[@Devast8r34]

Yup i live in a rental house that has the same floors fixtures and paint it came with when it was built in the 70s and they want almost 2k the bathroom is moldy the floors are buckling the walls are cracking. The real problem hits when the rest of us give up in believing in the system

[@ibanezgirl4623]

@@Devast8r34Take it from me, mold will kill you. Mycotoxins are a literal chemical weapon. It gave me MCAS and numerous autoimmune conditions. It nearly killed me. Now working with a CIRS specialist to help undo the damage. If you start to get sick, just know it’s your environment. Good luck

[@Cbart23]

It’s a real knife fight out there 🔪

[@Cheeki_breeki6]

Every time I go to a home viewing I think of the Malibu knife fight rant by Timmy. Buying a house really sucks right now.

[@Whitesquall123]

Even my knife has to commute these days

[@RUdigitized]

LOL great callback

[@zakadams762]

that's one thing we can count on, and that's kind of nice

[@jacobh674]

But that’s life in the big city

[@yaboityler2617]

If i SAVED $30,000 dollars over the course of a YEAR, at the end of that year, I would be farther away from affording a house than when i started.

[@Jimmy-jy5ol]

Umm no. You wouldn’t be.

[@yaboityler2617]

@Jimmy-jy5ol oh you're right. Housing prices only went up $29,333 on average from 2020 to 2023. Not $30k. I was wrong.

[@bbmisc5432]

@@yaboityler2617you don’t have to buy a house all at once. You would be substantially more able to afford a down payment after saving 30k in a year.

[@yaboityler2617]

@bbmisc5432 yeah I understand that, but its not really my point. My point is that this seems unsustainable and headed for a an imminent economic crash

[@steves2664]

you don't understand boom/bust cycles. I've lived through several and timing is key to everything or you end up continually buying high(maybe drugged too) and selling low.

[@Havre_Chithra]

I remember making fake money as a kid and thinking well... this doesnt make sense... it has no value and I can just make more whenever I want and the money situation would just get out of control... I figured I just didnt understand how "real" money worked and what I was doing was foolish... fast forward 15 years... I realized that.... NOPE... I understood perfectly fine and that is indeed the system we operate on.

[@TheNBSPerry]

It took about a hundred years to play out - but that’s what happens when we abandon stable gold backed currency for fiat

[@TomNoles007]

Great comment, truly if you didn't laugh you'd cry! 😢😅

[@Havre_Chithra]

@TheNBSPerry Yes but gold wasn't perfect either and makes addressing things like unemployment really difficult... countries have more limitations and are less flexible on the gold standard.

[@analogsignal]

@@TheNBSPerrywe made up the value for gold as well. It’s all make believe

[@h.l.malazan5782]

It is a very elaborate argument against government spending when most of you have no interest in returning to an agrarian society to begin with.

[@-Gumbo]

They will own nothing and be happy.....apparently

[@TheBlackfire218]

Happy 😂😂 I’LL SHOW YOU HAPPY!!!

[@thenewbohemian5779]

**Claus Schwab licks lips** "Its all coming together..." (maniacal laughter ensues)

[@alexanderfriia7556]

Sounds nice

[@Teamshmo]

Lol still waiting on the happy part

[@Adriana-eu6ty]

He will own a house when his parents die.

[@Jfromes1]

waking up at 4:15am to hustle to a 6am flight all before showing up to a full day of work at 10am is just insane.

[@BrianVincent-k6g]

There's insanity. There's also stupid.

[@WinWin-oo4uk]

Not as insane as renting in New York

[@HxCpajamas]

Do you know anyone in a Trade? 😂 That's the normal schedule.

[@Jfromes1]

@@HxCpajamas I don’t know anyone in a trade who flies to work

[@jer1776]

Sounds insane but props to him for making it work.

[@bradapotamus]

I'm 39, and just got into my first home. 110k down, on a 485k house at 6.375% interest, with a one-way hour and a half commute from work. In 3 months of offering, every offer I made had a minimum of 5 competing cash offers over asking. Brutal.

[@forwardmoving8252]

I'd lose my sanity if I drove 3 hours a day for work alone . I commend your strength.

[@Jacob-py9mx]

It seems like a huge scam that you can barely afford a house at age 40. You are already halfway through life and finally BEGINNING to have permanent shelter. The system is broken.

[@bradapotamus]

@@Jacob-py9mx it's working as intended. The intention is to create false scarcity by having too many regulations. This gives large corporations more money. This is what Democrats have done to the state.

[@bradapotamus]

@@SnakeHandler-g7u I needed more down to balance the debt to income ratio. The 6% interest rate really raised the monthly price.

[@JakeDrives1]

People fail to understand that with these obscene interest rates paired with the ridiculous commute you’re better off renting and continuing to save cash.

[@LxAxNxCxExR]

Boomers: fleeing cities and turning your small community into one big Air BNB.

[@browserboy1984]

holy hell is this true

[@Devast8r34]

Yup the greediest generation that was givin so much from their parents and stole so much from their kids and grandkids. They should be ashamed of the world they created. The most spoiled generation ever. Their kids taught them tech dont forget half of them dont know how to open a pdf

[@onewarriornation602]

China: Buying up 80% of residential real estate in America and sitting on it while their paid propagandists blame it on old people.

[@oscarvivo1]

AirBNB is whats causing this. We are making houses into hotels that were never meant to be hotels. We should ban AirBNB

[@westonstaufenberg7278]

That's my neighbors. Plastic Surgeon and his family. They bought one place, and bought my childhood friends place which is right next door which they rent out. And they're only around in the summer, they're from NJ.

[@capsjukebox]

There’s a distinct difference between owning nothing to simplify your life and unburdening and owning nothing because that’s what you can afford

[@jaretboston20]

Well said

[@theocorkrean6810]

This sounds like some boomer philosophy.

[@evanfinch4987]

oMG uR SO PrOFoUnD

[@trailerwager8850]

Trees offer us everything we need to survive. We choose the ground💫🌀🧠

[@ryanbates362]

I feel like the entire point of this story was so that the creator could show off his new word, "super-commute"

[@igorluiz9551]

Which is only 1 day a week, and not a real thing lol

[@blah8934]

It's just bunch of people working together to make anything they can so they can get money that will stick. Most of this is just mental circle jerk to grab views for cash. And shit places like WSJ trying to make a buck off it. They probably hired them to make this dumb shit so all in all it's air fluff jobs in a bloated system to keep the wheels rolling in order to stay "relevant" and cool and hip and all that dank sweg drip type ish, no cap on god or whatever they think will work to get people to engage.

[@bloatedsodium7301]

Tim lives in my head rent free!

[@dungalunga2116]

You must have a big head

[@lachlank.8270]

We wish him well!

[@danielfritts854]

Assholes historically never die

[@jessmarie6445]

BUY LAND. BUY LAND. BUY LAND. this is the last (somewhat) affordable option. Buy land, build a tiny home, buy an RV, save up to build a larger house. These are the last options we have to building generational wealth.

[@StarboyXL9]

Agreed. Problem is they are aware that we can do this, and the last thing they want is us having any escape out of their slavery system.

[@jasonmorgan27]

Not going to happen. They are coming after everyone living off grid, from wood stoves to live stock. They want you dependent on them.

[@scotteberline5458]

I 100% agree with this

[@BlueinRhapsody]

My husband and I bought land three years ago, but the cost of building a home has gone up faster than the amount of money we've saved every year. We saved 60k, but the cost of building our home has increased $150k from what it would have cost three years ago. I feel like we'll never have enough. :(

[@manichispanic5234]

I was just looking at those A-frame homes they'll deliver to your lot ready to build. They start at 3,000 and go up to 10,000. This is my plan b LOL

[@dnxiiee]

it’s literally so sad. ‘they’ just want people to be stuck in a trash system forever. leaving people hopeless as prices keep going up anyway, so people are working hard just to stay in the same position.

[@TheBeast519]

We wish them well

[@bloatedsodium7301]

🏌🏼

[@C.Fecteau-AU-MJ13]

They wish you hell

[@loh1870]

It's all funny till the housing and retirement values get cut in half..2026 :) save this

[@softlightlaboratory]

I'm joining the cartel 😂 god help me😢

[@softlightlaboratory]

​@@loh1870and how will they make our lives better be realistic bro we need a revolution I wasted 10 years and still have nothing in life trying to find a job

[@xxrkg8437]

Who else listens to Tim Dillon while driving over the speed limit hoping to end it all?

[@jacobspina123]

then braking last second while crying then cackling at one of Tim’s quips

[@mattjacobs257]

Sometimes I feel alone. Thank you for this comment.

[@lachlank.8270]

Life in the big city baby

[@techjunk8467]

Nop, cooler heads prevail

[@squidvis]

​@@techjunk8467 I've never heard a prevailed say that.

[@sh1310]

Sky high property taxes mean we're all renters. "You don't have that security, someone can just raise the price on you" applies to all of us, owners and renters alike. I own my house, the only thing stopping them from doubling the amount I have to pay them every year for the privilege of owning my own property is that they just haven't done it yet. Some councilman could wake up tomorrow and decide today's the day.

[@BioBreeder]

Abolish property tax!

[@johnnymetallica1039]

👏 bravo! Someone sees through the charade. We are ALL renters. Just try skipping on those property taxes. The freedom simulation depends on you being blind to what’s right in front of you. Kubrik’s movie on the German’s book is just that: the hoi polloi are blind to the matrix right before them

[@Naldito15]

​@stringzar ok troll. Why not use the 100s of billions given in aid to foreign countries to support our own people, schools, healthcare system, infrastructure etc.

[@10milBill]

Everyone i mean everyone should stop paying all taxes. It’s the only way to control our goverment

[@sh1310]

@@ryansreaction See if you can figure out the difference between your personal anecdote and the statement I made and get back to me. Take your time, think it over.

[@wilcox2146]

I just had my lease renewal offer today. They bumped up from 1236 to 1331$/month. 750 sq ft 1 bed/1ba. was 1121$ when I first moved in 2 years ago. The worst part is they keep shortening the lease term. They only offered my 12 months this time, not 18 or 15 like before. 1 yr offer and each year they have increased rent 100$+. I'm 28 and live in Indianapolis.

[@KoriePrince]

Paying 5k for a 1bed 1bath in Brooklyn.

[@wilcox2146]

To add to this - Each year my raise/yr at work has went up nearly the exact same as my rent cost. So each year I don't earn anything more, it's just covering my new cost of living. The saying "you'll own nothing and be happy" has never felt more true to me.

[@officialthomasjames]

I can’t find anything 750 sq ft in my town under $1600. It’s a joke.

[@SchwererGustavThe800mm]

Only 1,300?! Thats CRAZY! Here in North GA the lowest 1bd 1 bath near me is 1,600 and you need to provide proof you make 3x that amount to even QUALIFY.

[@FirstHandLLC]

Wow, that’s really cheap! My sis lives in the area in Boston hearing gun shots almost every night and is paying $2900 for 1 bd

[@harryknutts8428]

Ha ha I am a trucker I don’t have a commute. I just woke up and I’m ready for work. I sleep in the back I don’t go home much but there’s nothing at home anyways. One thing I’ve learned in life is that the saying the grass isn’t always greener is very true. People tend to think what they don’t have is what is missing, that will make them happy. It’s not always true

[@Doherty0182]

Remember my dad telling me about my grandad, dude lost two of his fingers on a saw, get compensated and bought a house for £1800. £1800! Houses now with much smaller rooms that can barely fit a dining table cost £190k. It’s just pure madness. Would be cheaper to buy a plot of land and build a fucking mud hut at this rate.

[@BrianVincent-k6g]

They want 5k an acre for 90 degree 50 foot tall rock wall mountain land. Just got home from searching to do the very idea(minus the mudhut). Other than a desert that's the cheapest land.

[@leahjeanette9095]

Wonder what the city fees and registration costs for a mud hut are. Many are making it illegal to have shipping containers or those tiny homes on land, to force you to build an unaffordable home

[@sirsurnamethefirstofhisnam7986]

People are getting so desperate for a place to live they would trade two fingers for a house

[@Doherty0182]

@@sirsurnamethefirstofhisnam7986 sell your organs then, you don’t need them

[@BrianVincent-k6g]

@@sirsurnamethefirstofhisnam7986 noone wants fingers for a house.

[@julianprzybysawski8543]

Feudalism is making such an epic comeback.

[@johnfoster2584]

Bingo

[@TainaPR2024]

Yup.

[@coonplatoon]

The ironic thing is my ma always told me we were going into feudalism when I was younger yet she is a *DIEHARD* liberal. The type that would 100% vote for an admitted child killer so long as he has a (D) next to their name

[@radiofreealbemuth8540]

Yes.

[@JeDxDeVu]

And then squatters move in and you’re arrested for trying to remove them 😂

[@theguybehindyou4762]

I’m getting way too excited at the idea of a collapse.

[@Ominiumshadow24]

It was a boomer idea indeed.

[@gharm9129]

@@theguybehindyou4762 See what happened in Venezuela, Bosnia for what a collapse looks like. You won't enjoy it and likely be ded. You won't rise up, you can only survive and the ones that own everything now still do only they left you all to fight for survival and as soon as it's over they come back. Look up Selco Begovic for a reality check.

[@christianecroy7400]

20/hr in1990= $165/hr today purchasing power... Let that soak in.

[@mf7269]

$20/hr in 2024 = dirt fuckin poor lol

[@douglasskinner]

Not true. It ($20/hr) was better than such a wage would be today, but it wasn't equivalent to a present yearly salary of $330,000 per year. I made more than $20/hr that year (in 1990) and I no way lived as though I were making $330K today. I would have known it.

[@christianecroy7400]

@@douglasskinner Like I said... Purchasing power.

[@douglasskinner]

@@christianecroy7400 Purchasing power yes, but your estimate of what it was in 1990 compared to now is grossly exaggerated.

[@messertl]

Boomers are truly one of the most evil generations ever.

[@jimba6486]

For those that do not know. You can occupy a space in NYC for 30 consecutive days and then kick out the owner or tenant. Squatter’s Rights. Him as a house sitter is a great situation.

[@sandpaper4483]

Hey maybe if they work real hard they can buy a bike.

[@blitty6048]

Bought a smaller 90k house 6-7 years ago when i was 20-21 years old. Just finished remodeling the inside. Couldnt feel more satisfied. My family thought i was crazy going with such a cheap house for my starter home in case economy goes to shit. Im not happy that i was right because shit sucks, but at least im alright. This small house (i just checked last week) will sell for 200k now. Absolutely insane. And i have no interest in selling

[@Bootyeater999]

You’re smart

[@blitty6048]

@@Bootyeater999 thanks ❤️

[@Boblib1970]

Careful, in 30 years kids just being born today will whine about you and call you selfish.

[@blitty6048]

@@Boblib1970 not really worried about it. Theyll turn everything into communism by then and the government will own it ❤️

[@Jay-d1c7p]

​@@Boblib1970 only if your selfish

[@xrunner55]

Boomers are also now moving in with their kids because they didn't save. LOL

[@zachkim4]

Most useless and entitled generation ever they were handed everything and just shit on it

[@artOVtrolling]

The fact that millennials are even allowing them to spend the night on the couch is FAR too kind.

[@gwills9337]

Let them live on the street. Why don’t they get a second job or cut out the avocado toast

[@angelgjr1999]

I literally have to help my boomer parents pay bills now😂 So much for the “responsible” generation

[@xrunner55]

@@angelgjr1999 you dont have to anything.

[@SureShotX81]

The bank owns your house. Then if you manage to pay it off and actually "own" it, you better not miss your property taxes. You ultimately rent from the government best scenario. Stop paying your property taxes see if you dont get evicted 😢

[@zachbowyer6305]

Sad and true. Shouldn’t be this way.

[@chrisdanielson1219]

Welcome to the real world.

[@DavidJames-g5f]

So? You buy in a cheap area. Shit, my annual taxes are 210.00. That's it. 650 in insurance a year. Thats 860 a year and no rent, no mortgage. Stop being a jerkoff generalizing everything.

[@tommysalami420]

@@chrisdanielson1219 Ok how do I leave

[@C.Fecteau-AU-MJ13]

They wish us hell.

[@KingDanny9]

The Boomers ruined America with their endless wars and irresponsible government spending.

[@NoName-ov8qi]

Who is they?

[@BS-np8xt]

@@NoName-ov8qi Jews

[@rckdude12345]

Im 33 years old and just paid my house off back in November. I got super lucky and bought a foreclosure for 45K when I was only 20

[@unc1221]

Natural selection

[@Jaime-eg4eb]

That's not luck, that was a good decision (it seems)

[@DavidJames-g5f]

It's not luck, there are deals like this everyday. I know, I do this for a living.

[@Michael_Hunt]

How did you get 45k at 20 years old? Crazy.

[@ZENIGMATV]

Before 1980 a garbage man could buy multiple houses, then until 2008 you could buy one house with a solid job and now because of Corporate investors(which should be banned) you can’t buy an outhouse unless you’re making bank. I hope the lucky Gen X’s that we’re able to buy a home can keep them at any cost.

[@douglasskinner]

That is not true! Where did you get it?

[@NoName-ov8qi]

Uhh not exactly, gas shortages and high interest rates, and mortgages at 19.75 % interest. My first home lost 50% of its value in 1984. Ppl were walking away from their mortgages enmass.which helped create a cheap housing market mid 80s to mid 90s when getting a 9% mortgage loan was considered a gift.

[@rustysack2568]

Pass a law that corporations can’t buy residential land have force liquidation you have 6 months to sell or get penalized for each property owned make them sell at a loss no foreign investment in land or fuck it Idk why we aren’t allowed to just start new cities goddamn it.

[@birdsteak9267]

You can start new cities, organize, buy lands, build and create a business based on local resources. It will be hard work but building a city always came with hard labor

[@NoName-ov8qi]

This 🔥 🔥 🔥

[@Randy_Flamethrower]

The people that actually pass laws are bought out and funded by the same corporations that are buying up all the properties. I agree with you but its just not going to happen. Blackrock fucking sucks.

[@trailerwager8850]

🌲 trees offer us all we need to survive and we choose the ground. Look up treehomes sometime

[@trailerwager8850]

​@@birdsteak9267claiming a tree is your God-given right

[@TheDiddler69-U]

Tim, putting Boomers on blast, is something I had no idea I needed.

[@onewarriornation602]

Tim, glazing China by blaming the boomers for an issue they created, is something you instead were given.

[@naiustheyetti]

@@onewarriornation602 I would buy land like chaina is too if the idiots in our government decided to sell land to foreign money with bags of money instead of fixing the rot inside of the system.

[@NoName-ov8qi]

Blaming the boomers for political policy the rich elite politicians put into place is misguided. #wef #15minutecities. #youwillownnothingandbehappy is not a boomer thing it’s a globalists agenda thing

[@dekaywill4572]

I think you need a job instead.

[@TheDiddler69-U]

@@dekaywill4572 Oh no. Because I’m black, the boomer thinks I’m unemployed. What ever shall I do? Oh noooo.

[@RogueStatusQVX]

36, vet, I've always rented. The same way you talk about security, I have security in knowing that if anything wrong happens at my "house" I don't pay a dime. I think people living paycheck to paycheck, that's all they can afford. How expensive everything is right now, imagine your furnace, fridge, or washer/dryer goes out. You gotta pay for it. Not if you're renting. I'd love to own a home, I just can't afford it these days

[@wpizdets2640]

Not to mention, he West currently has one foot in the door to communism. When the other foot drops owning property will be the last thing you want.

[@MomoTheDisciple]

Yeah it’s pros and cons. A lot of people complain too much and don’t look at the upsides

[@nitinchhikara5076]

It’s a real knife fight out here

[@budcahillmusic]

Life in the big city…well, kinda, not really, but…

[@ViktorReznov1945]

Once a week!🛫

[@Teamshmo]

There is a story here in Canada where the guy traveled from Alberta to BC. Canada is huge so it's a longer flight. He said he didn't care since he could do work on the plane. Was nicer than the bus and he saved money. It's crazy that flying into areas is cheaper or about the same

[@jeffrielly]

"Follow your heart and the money will follow" "You wont amount to anything without college" "Any degree is a good degree" "You don't want to go into the trades, you want to go to college and get yourself a good degree" ...THESE are the lies from the boomers that created this mess! The less people there are building houses, the less the supply, the less the supply, the more the cost! It's simple economics!

[@slingshotmcoy]

Sooner or later you won't be getting a roommate to help you pay rent. You're getting a roommate to stand watch while you go to work so squatters don't sneak in.

[@RaymondKeen.]

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[@ScottKindle-bk3hx]

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

[@HectorWhitney]

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

[@hersdera]

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

[@SandraDave.]

this is all new to me, where do I find a fiduciary, can you recommend any?

[@hersdera]

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@nickmaestro]

I’m 36, single, no debt, never married though I desire it, no kids, and a school teacher. Orchestra director at that. I live a fairly frugal life, invest, save, and limit my expenses. Maybe 5 to 7 years ago, my current down payment would be 21%. It’s now 13%, and the cost for a house keeps rising. My parents’ home went from 110k in 1998 to now 600k. It’s so hard to have hope when all the math says it’s out of reach. I’d have to be married with the wife bringing income to afford a house where I live. Sometimes I feel stuck, but I know I’m in a much better position than a lot of others. I’m in northeast Georgia btw.

[@coastcity7029]

I wanted to buy a house but I've got those Boomers parents that aren't just dissatisfied with how kids ruined their lives, they're straight vindictive about it. I worked multiple jobs in my early twenties to pay off my college debt and save up a downpayment. I wanted to buy a house while the market was down a few years after '08-09, but I needed a co-signer. My parents refused to co-sign with me and straight up said they didn't want me owning a home. Oh and my dad wouldn't pay off my college debt despite promising me my entire life he would because he changed his mind and decided he wanted to build a deck. If you haven't guessed by now my parents are drunks

[@michaelgresham1980]

They most hated generation of all history. Insane

[@demodiums7216]

Holy shit. I would be on the news if I were you honestly

[@stereo-soulsoundsystem5070]

Rob them fr fr

[@roaldruss4211]

Nice way to sever the bond with your child.

[@2needey1]

Me too, crazy! New cars not deck though.

[@DJ-jm9gi]

i'm pretty sure they've stopped building new houses in my area they're just building microcities filled with apartment > school > work >eat so that all the usual big investors can put in their own brands and stores around all of it

[@NoahsUniverse]

It is a complete nightmare

[@factsdontlie4342]

Yeah, 15 minute cities, like they said they would make. I drive around where I live in the evenings sometimes. Not one single "normal" house is being built. It's all apartments, duplexes, condos and those really tall skinny houses that are 4 feet apart from each other.

[@NoahsUniverse]

@@factsdontlie4342 that's everywhere. They don't want people to own anything. They want slaves who fear being on the streets.

[@jasonmorgan27]

Yep!!!! Phoenix is now full of them and still building up and down every freeway non stop. This country is so fucked at this point

[@NoName-ov8qi]

This 🔥 . Which is why gov legislation that favors the ppl not billionaire corps is vital.

[@jevonsims900]

You don't really own your home either. Too many taxes, property and state tax? Even when the home is paid off the banks still can legally take your house if you can't pay the state tax.

[@Havre_Chithra]

Tim represents the inner dialogue of every millenial.

[@lightcaesar]

Yes, a dialogue of ignorance...

[@Havre_Chithra]

@lightcaesar LOL. Sorry meant monologue*** but yea pretty much

[@mulemule]

*The super-commuter fails to factor-in the cost of wasting such vast amounts of time and clearly can't cut the umbilical cord (or find gainful employment **_closer than 500 miles away)._** But Social Media will massage his Peter-Pan Syndrome into something heroic.* 🙄

[@IseltheOverseer]

And him accepting those conditions makes it ok for the companies to do the same with the rest of us!! Fuck that guy and simps like him

[@foruwantto3621]

I'd love a home. I'll never own one. I've accepted that. Not where I saw myself at 37 but there it is. Can't wait till I'm 45 and living in a cage with a food dish.

[@DavidJames-g5f]

What, you cant buy a 30k house in the country?> Wtf is wrong with you? You dumb or something?

[@brmhandle]

My parents houses: $62k in 1985. No credit check, just income verification. Sold for $100k in 1993. Rolled over equity for down payment on a $200k house. Sold for $1.1 million in 2022.

[@illmatic19]

The plan is to keep you working well into your 70s

[@Sryker]

This is not a boomer problem. It's rich investors buying up millions of homes with cash bids over asking price and price fixing the rental and housing market. This is not the first time this type of inflation happened, in the 1970s housing prices doubled between 1974-1978. Wages did not keep up and the interest rate to purchase a home was around 10%. The other issue is that the population demographics shifted when the boomers were working they were the largest generation paying into the system. Banks used their retirement funds and savings to offer credit at low interest rates now most of them have retired and their funds are in safe funds and being withdrawn. GENX is the now group who is supporting the system. We are much smaller than the boomers and millennials. The number shear volume of retired boomer drawing social security taxes the system (not their fault its just reality). As boomers pass and millennials enter their 40-60s they will help adjust the financial load but right now its an hour glass and Genx is the center of that glass. people between 18-40 are in spending and family mode so they don't have much saved capital for banks to use. Our biggest issue with housing is greedy corporate investors (not small individual investors who own less than 10 homes) who see housing as a profit game now that commercial real estate is on its way down. Individual home owners do not dictate the market. We need to get investors out of the residential real estate and rental business. We also need to curb airbnb its sucking up single family inventory in many markets. It's too easy to point the finger at one generation the problem is much more complex than that.

[@mr.sophistication3232]

Squat in Boomer housing. Squatters rights baby

[@Theturtleowl]

I got lucky and was able to buy an appartment in 2019 after saving for years. And my boomer aunt went: oh, just an appartement?

[@TuMadre6995]

im currently renting a place for 2k. the boomer landlords bought it fall 2023 and immediately rented it out, and im assuming they paid all cash or close to it as its the only way i can figure that they’re earning a profit. the mortgage on this place would be about $2900. luckily i live in a shitty city so the place is actually insanely nice for the price but the downside is there’s nothing to do here.

[@theStepFamm]

i dont understand why everybody needs a big house to live in by themselves. why cant i own something the size of what i need and pay accordingly. everyone keeps talking about these "houses" being 100k-250k and its like for what? to waste money heating and cooling a bunch of rooms that i wont ever be in? when we say affordable "housing" we're not asking for affordable mansions. we just want a place to sleep, cook and watch TV like everybody else - how on earth is that worth hundreds of thousands of dollars? it simply doesnt make any sense. why cant we figure out

[@gwills9337]

It’s contrived on purpose. Only a nomad spend 30% of his energy finding and securing shelter

[@Greyalien587]

I realised birds build a nest before laying eggs. They do this on purpose so you never feel totally safe. Always a month or two before being homeless and in debt. I will buy a used camper for around 4-5k. It has a bed, a living room where I can work, toilet shower and kitchen. It’s not glamorous , but nobody can throw me out. Fuck the system , I don’t want it

[@birdsteak9267]

Seek outside of city and towns. Got a two-bedroom house with a good basement for aktivities for 10.000$... For a 80 year pld house it's actually in good condition, it's better to invest money into restoring a house than rent and debt. My yearly tax is 50$... Don’t tell me it isn't worth leaving Civilization for, plenty of trades in the counties, they need labor more than cities do.

[@birdsteak9267]

@@DanielHollingsworth No, a real house. Soon the only house you own is a cardbox at the corner of the local wh$$ehouse, if you don't move out of the cities, that will be what you deserve.

[@TamaHawkLive]

If you have credit cards with high balances, just let them charge off, your credit will mean nothing for the next 20 years, you'll never be able to afford anything with or without it anyway.

[@DelandaBaudLacanian]

I have a creditor suing me now...jokes on them when they try to garnish my shitty wages

[@HalEBurton]

Solid advice

[@fuckingstupidthatihavetoma2528]

The same type of people who wrote/agree with this comment are also the same people who whine they can't get into a house... my 800 credit score got me a 2.75% interest rate on my home and a 2.85% rate on my second home. Now i rent one out and use the 1300 profit per month to pay half the mortgage on the one i live in. Being a responsible adult has its benefits

[@rogerwilco1777]

@@FrankDiscussion-k4x yeah this is only good advice if you plan on living in the woods unibomber style and never return to society.. I had a few friends think like this.. racked up anywhere from 10k-100k in debt without any intention of paying it off. Their thought was, 'I'm a broke ass bitch, so good luck getting any money from me'... well they all had wages garnished, some went to jail.. (you still owe the money when you go to jail). I cant think of a single persons who's debt was just 'forgotten'? So i got friends that are still payin off that 20yr old TV and living room set they stole from rent a center in one way or another.. Pay your debts kids, or better yet dont rack any up. They will garnish your wages, (no matter how shitty your job is).. if anyone reading this wants to run from the law for the rest of your life over some jordans and an xbox then thats on you, but you might want to think about this one for a little bit.

[@mistermonsieur2924]

​@@FrankDiscussion-k4xinsurance costs come to mind

[@funeats8201]

Who would WANT to raise a child in an apartment? That’s something you do when you ain’t got no choice. Children belong outside, in a yard.

[@MomoTheDisciple]

lol who gives af I lived in an apartment my whole life growing up it’s normal in big cities

[@sugaashow]

With their own bedroom. Don’t like seeing children being raised in appts having to share rooms.

[@noahjones1192]

@@MomoTheDisciple you would gaf if you knew what you were missing out on. sad, pathetic really.

[@MomoTheDisciple]

@@noahjones1192 I’m not entitled 🤷🏿‍♂️ I grew up humble. Yeah it’s cool to have a house and yard but it’s not a necessity. When I was a kid we just went outside

[@NoName-ov8qi]

Millions of ppl do it in nyc and prefer that lifestyle? 🤷‍♀

[@joranwilloughby298]

Start the work day at 9:51 ? Who are these people? Lmao

[@foruwantto3621]

I worked at a good place now where I have some flexibility in my schedule but I remember getting hassled by middle manager lowlifes when I showed up at 8:02am at other places.

[@Anthony-oh4ee]

Nepo babies

[@CHarris1066]

I bet you he went to the office starbucks as soon as he got to "work" and then he had a meeting about nothing then a brunch at 11:00

[@JakeDrives1]

I work remotely and have an extremely flex schedule. I get anxiety if I’m on the clock after 8:30am because I know my boss be judging lol. We have a hard rule on the clock by 9am. My work day would never end if I started at 9:51am. Smh.

[@unc1221]

HR and Marketing

[@Laonda13x]

Hey , that's life in the big city.

[@suzy6854]

He’s still wearing masks on airplanes 🥴

[@mrscruffles801]

Well his voice checks out.

[@MomoTheDisciple]

😂😂😂

[@imabebebebe2496]

he likes his sister alot :)

[@WildWulfchild]

I'm a home owner in a Van down by a river

[@jingleheimerschmidt326]

"you shall own nothing and be happy"

[@reverbedvonacular]

People aren't buying because they don't want to, it's because they CAN'T. Real Estate isn't just psychotic in NYC, housing prices are insanely over inflated everywhere unless you want to live in the middle of nowhere.

[@lordlemond1350]

“Give them nothing. But take from them everything!!!”

[@juice_man4439]

Gonna just say it. The only way we’re gonna be able to afford anything is if you move to a state like Arkansas or Oklahoma. It’s still relatively inexpensive there and it’s not overcrowded yet. I live in NC and house prices have pretty much doubled in the last 7-10 years. We used to just be another state but boomer Yankees all retire down here and have driven up home prices like crazy

[@jnicholson460]

It’s not even the boomers. It’s the mega wealthy buying up another asset: your parent’s home. It’s why taxing extreme wealth rather than income is needed. I recommend the Gary’s Economics KZbin channel.

[@mel4856]

🎯 well said

[@jasonmorgan27]

You do realize that people like Musk, Gates, ect. All show zero income and even at a loss every year to avoid paying taxes and profit. They acquire assets and leverage debt.

[@corysgood881]

Most of the wealthy are boomers though…

[@moledaddy]

I owned a house for 14 years. Trash people moved into my neighborhood and I was stuck there for like 4 years before I could sell. I don't want to be stuck like that again

[@waitingpatiently]

I bet his position could definitely become 100% remote, but they are being spiteful

[@TheeGlocktopus]

They just want people back in the office to babysit. Managers, middle management in particular, very scared of this. Their position is almost nullified if everything is 100% remote. They only exist as a babysitter for the owners/officers of the company so that the owners/officers themselves don't need to be in the office. If there is no office, there is no need to have these people, so they are VERY invested in full time office work.

[@TIOLIOfficial]

When even Tim Dillon isn't being sarcastic and is completely serious, you know shit's hit the fan, for real.

[@mzuvukilelitha3233]

A Tim Dillon post!!! Love from South Africa 🇿🇦 I wish him the best.

[@DrGooseDuckman]

Tim's saying I'm sick of judging people's lives is like Tim saying he's sick of judging people's lives.

[@matthewt8214]

It's a battle. Married, no debt, dual income, both good jobs, good credit. Not enough to have a house apparently 😂 maybe ever

[@KPSully]

I bought my 1st house in 1982, it cost $70,000 but the 30 year fixed mortgage rate for qualified buyers was 16.5 %. At the time I was a young Army Captain and I earned about $30,000 annually. I've seen periods of high and low interest rates and Real estate booms, bubbles and busts. I bought a house a year after the Savings and Loans crisis and and it lost 30% of its value over the next 3 years and it took almost ten years before I could sell it for what I paid for it. Virtually the same thing happened after the sub-prime crash that occurred in 2007-2008. So cheer up this real estate bubble we have experienced the last three years will not last much longer and the price corrections we experience may be similar to the examples I've shared.

[@NoName-ov8qi]

This 🔼 .. my area lost up to 50% equity and value and took 8-10 years to recover.

[@obtuserubbergoose1933]

Young people need too adopt the vibe " if I can't own a house neither can you " vibe if you can't the fire that I'm spitting.

[@TheGriffinmp]

We could always.... You know.... build more houses? The problem is that a huge chunk of what would be blue collar workers in the trades are killing themselves with fentanyl while they live in a rat-infested test on the street.

[@benjamindover2601]

This could all be solved if the government mandated yearly pay rises in line with inflation. Inflation is 2% your company has to increase your salary by 2% inflation is 15% the same. This would also increase the tax base.

[@searchbug]

Tim really hit on something with the SuperCommuter story. It’s tough seeing how housing has become a distant dream for so many Millennials and Gen Z. With home prices soaring, wages lagging, and student loans piling up, it’s no wonder more young people are stuck in the rental cycle.

[@mikeydashank3897]

I just keep laughing so I don't get looshed

[@frwystr]

laugh now, cry later.

[@TheEvdoggy]

We live in a society where the victims of the system strive to reinforce the system. The banks own everything and make it impossible to get ahead in life so the dream of the aspirational class is to become a landlord and make it impossible for your tenants to get ahead.

[@chm9935]

The days of working at the same employer for all of your working life are long gone especially in the private sector.

[@steveguillory7568]

Then maybe work for the public sector, which still offers a pension.

[@snarfsnarfff]

I commute almost 3 hours a day. I work hourly so i get paid for only 8 of those hours. 11x5 is 55 hours a week. Im glad i bought my house in 2018. Perfect timing. But i didnt have that commute before, now i want to be closer to work and its not looking like we'll afford to move anywhere soon.

[@DoyleHargraves]

This isnt a generational thing. There are plenty of stupid-rich young people. This is a sinking middle class vs millionaires battle, and the millionaires are winning.

[@LauraReed-wu2ww]

Of course they are. They control everything. More money means more power.

[@MetalHead-ks9zq]

That’s true your rent can go up with But so can property taxes and your homeowners insurance as well as your HOA fees

[@julianbryantjb]

The other side of the problem is the boomers debt during their working life! I've seen this with family in which my aunt and grandma got social security, a pension and life insurance payout take a reverse mortgage on their homes ! The bank takes the house after death! Now let that sink in ! There is no transfer of wealth in regards of property to to the rising costs of living with private equity doing this! The generations behind the boomers are also the the lowest earners on up to the breakout of covid! Now with the recent strikes by the big 3, ups, Frito lay and the push for 15hr minimum wage and inflation on everything ,plus the rising interest rates your paycheck for groceries, utilities, and other needs it plays havoc on your life! I know there was a shortage of new homes being built but now I see luxury apartments going up everywhere like crazy! Its like the company from Robocop "OCP" is buying the city and building living units but taking your homes and the space to raise a family!

[@NoName-ov8qi]

The Bible says your supposed to leave your children’s children an inheritance. Even tho my parents didn’t do that for me I am determined to do that for my family.

[@michaeld8255]

These comments are so positive and up lifting ❤

[@nathan8418]

We're in good company. Lots to talk about in future gulags for us common folk.

[@saintsword23]

And then Boomers don't want us to WFH...

[@N8_R]

The irony is they HATE HATE HATE renters.

[@HezzyEastside]

I make about 65k a year and am truly happy with my simple life. Only thing is idk if ima ever be able to own a home comfortably which is scary cuz rent js getting wild 😅

[@mentalmetalist]

See you in PHX next week

[@aahiccup2]

My rent went up again in Cali.

[@johncooksey79]

Move to Arkansas with your on line job. 3/2 Houses for 150 thousand!

[@geo525252]

I was a renter until age 43. Certainly not for everyone, but it did serve my nomadic lifestyle.

[@douglasskinner]

I was a renter until I was 56.

[@frankgagas9569]

Jesus Tim, I’m sticking around for the joke and it ain’t coming.

[@fadhlallahbaklouti9111]

I wish all the boomers well.

[@jamieoliver4710]

The Alex Jones studio set up has me weak 😂

[@blason56]

Allowing people from outside to buy land and properties jacked up the prices. If those were limited from being sold, the prices would still be affordable. Millennials and Gen Z also chose poor career choices.

[@shploonsk]

OK boomer