We bought the house where I still live in 1976 for $60,000. Had to save up the 20% down payment. Was living in a $200/mo apartment. We were "dinks" (dual income no kids) although my wife was going to school part of that time.Main difference today seems to be a shortage of houses. Also less people seeing home ownership as the "American dream". And majority of new housing comes with the dreaded HOA.But for the people working gig jobs it's going to be tough to buy a house. Or single parents. Not sure that's a generational thing.The good news maybe is there's less of a stigma living with your parents in your 20s or 30s to make ends meet. In my day you'd rather live with 3 roommates in a run down apartment and eat ramen for every meal, than live with mom and dad.---- Original Message ----From: dmmoffett@gmail.comSent: 9/30/2024 9:18:52 AMTo: "'AnimalFarm Microwave Users Group'" Subject: Re: [AFMUG] Gen Z new college gradsThe actual cost of the house was about half after adjusting for inflation.? https://www.longtermtrends.net/home-price-vs-inflation/Meanwhile, real wages have been flat.? ?I do believe it?s harder to save for the down payment. ?Your monthly payment would be higher with a higher interest rate, but the bar people have trouble crossing is saving for the down payment while also paying their rent.? If they can pay $1500/month in rent they could pay $1500/month for a mortgage right?? So I don?t think this problem is imaginary.?I also believe we live in a free market wherein most of this is determined by the collective decisions of millions of people.? Blaming any particular group of people is oversimplifying. ?-Adam??From: AF <af-boun...@af.afmug.com> On Behalf Of RobertSent: Friday, September 27, 2024 7:00 PMTo: af@af.afmug.comSubject: Re: [AFMUG] Gen Z new college grads?And 13.5% mortgage rates.? Buying a house in the 70's was Waaaay more difficult than it is now...On 9/27/24 12:06 PM, Ken Hohhof wrote:Sounds about right.Only thing I'd add is I think the Internet contributes to this.I hear from my 37 year old son how all these difficulties are because the "boomers" broke everything and rigged the system against them. I don't think the kids really know what a baby boomer is, it's a synonym for "the olds".At 37 he's not the Instagram/Tiktok generation, more the Youtube/Reddit/podcast generation. But people are telling him the boomers rigged the system and made life hard for him.Hey, I am a boomer. I went through recessions, the Vietnam draft, double digit inflation, the Arab oil embargo, the stock market crash of 1987. Oh and JFK, John Lennon and Ronald Reagan being shot. I figured I had it good because my dad and uncle fought in WW2, and my grandfather lived through the Great Depression. But I guess everything was just peachy until my generation conspired to make life difficult for the "not olds".---- Original Message ----From: "Forrest Christian (List Account)" Sent: 9/27/2024 12:42:26 PMTo: "AnimalFarm Microwave Users Group" Subject: Re: [AFMUG] Gen Z new college gradsMy take on this is that most high school or college grads take a while to figure out how to manage having a job.? ?They also take a while to accumulate enough resources and get paid enough that life doesn't consist of working your ass off just to barely cover (or not) essential living expenses. Most of us started out living in crap conditions, eating whatever we could get for cheap, and driving vehicles which were lucky to start on a good day.? ?The difference I see is that gen Z seems to blame the 'olds' for their problems and don't understand that everyone goes through this barely feeding yourself stage.? There is also this odd sense of entitlement mixed with bizarre expectations.? I don't remember many of my peers expecting to be given a job where they didn't have to do normal work things like show up and get paid large amounts of money.? Oh,? and to never be given negative feedback.? ??I realize every generation goes through this cycle that eventually ends up with complaining about the younger generations.? ?It makes me smile to see the millennials switch from being the problem generation to whining about the problem generation.? ?But,? I can't help but feel that there is something fundamentally broken in a very non-similar-to-the-past way with many in the latest crop.??On Fri, Sep 27, 2024, 7:52 AM <dmmoff...@gmail.com> wrote:I've often said this, but part of the issue is selection bias.? People whocan't hack it will eventually either wise up or remove themselves from thework force, and then the older cohort will look better as a consequence.I'm at the borderline between "Gen X" and "Millennial", and peoplecomplained and moaned about both age groups.? We're senior staff andmanagement now and complaining about how lazy Gen Z is.? ?You can find newsarticles from the 1800's complaining about "today's young people".? This isthe same wheel that's been turning since the beginning.? Ugg and Ogg sat in their cave knapping flint spearheads and complainingabout how wheels are making kids too lazy to do real work.-----Original Message-----From: AF <af-boun...@af.afmug.com> On Behalf Of Ken HohhofSent: Thursday, September 26, 2024 6:31 PMTo: af@af.afmug.comSubject: Re: [AFMUG] Gen Z new college gradsI assume some percentage of people in the Gen Z cohort do want to work hardand build a successful career. Imagine you're a new grad hired into a workfrom home or 2 days at the office company. That's got to be sub optimum. Ithink the whole Covid work from home thing also relieved the first levelmanagers of actually doing their job - managing people. Or is that done byAI now?Article seems to say after a couple years of just griping about it, bossesare starting to fire the non performers. So what were the bosses doing untilnow to earn their pay? Oooooh, firing people is hard! With newbies you alsoneed to do feedback and mentoring, because according to the article,colleges aren't preparing them for the world of work. And if these companieshave accumulated a bunch of worthless employees with bad attitudes, that'sgoing to rub off on impressionable newbies. Honestly, that kind of happenedto me at my first job after college.Just my $0.02 worth.---- Original Message ----From: chuck@go-mtc.comSent: 9/26/2024 5:06:27 PMTo: "AnimalFarm Microwave Users Group" <af@af.afmug.com>Subject: Re: [AFMUG] Gen Z new college gradsThere seems to be a growing idea amongst the younger citizens that there isa universal human right to never suffer hurt feelings.? The ultra woke Ithink would see a world where you have to be nice all the time to everyone,irrespective of circumstance.This was prophesied by Rod Serling:https://youtu.be/QxTMbIxEj-E?si=KMH-oBOURYW7tPbM-----Original Message-----From: Jan-GAMsSent: Thursday, September 26, 2024 3:46 PMTo: af@af.afmug.comSubject: Re: [AFMUG] Gen Z new college gradsWhat did you expect?? They're raised on TV and gameboxes and a diet thatliterally had no food value, zero nutrition.? Their brains never developedand most of them are now living on adderal or ritilin.They're non-functional humans and we have an entire generation of them.With the attention-span of a fruit-fly.? We might as well have usedlead-cookware, same result.On 9/26/24 14:13, Ken Hohhof wrote:> https://fortune.com/2024/09/26/bosses-firing-gen-z-grads-months-after-> hiring/>>>--AF mailing listAF@af.afmug.comhttp://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing listAF@af.afmug.comhttp://af.afmug.com/mailman/listinfo/af_af.afmug.com-- AF mailing listAF@af.afmug.comhttp://af.afmug.com/mailman/listinfo/af_af.afmug.com-- AF mailing listAF@af.afmug.comhttp://af.afmug.com/mailman/listinfo/af_af.afmug.com?
-- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
