People complain about how a 1950's income doesnt work anymore, while wanting a 2020's lifestyle on a 1950's income.
True
Yet where I live out on the Great Plains, there are tons of children in my town (and yes, they were white. Since that is usually what people complain about), people are getting and staying married, people are getting good jobs, etc.
The people complaining are zoomers who grew up in deep blue urban cores like Seattle, New York, DC, LA, SF, etc and feel entitled to have the same lifestyle at 25 that their parents had at 45. Many of these zoomers feel superior and entitled, many have advanced and valuable degrees, and many even make more money than their parents did at their age, yet are outraged that this doesn't translate into skipping ahead 25-35 years and leapfrogging ahead of their parents.
My grandparents bought their house for $15k in the LA area. At the time they bought it, it was cheap because it was in the middle of buttfuck nowhere. Obviously 50 years later, it's in the center of an urban core. Following this analogy, the zoomers can easily afford to buy a big house, bigger than their parents/grandparents at their age if they're willing to live far away and commute which, of course, many of them aren't, but thems the breaks.
And yes, commutes were shorter 50 years ago. There was less of everything back then. Fewer people, smaller cities, fewer cars, so yeah, commutes were shorter. That's how development works. My grandparents moved to LA back when it was still a "developing" city. They didn't try to go live and work in NYC.
Zoomers don't want to move to a smaller city. They want to be in the biggest big cities. They want to live downtown in a hipster loft and go to all the trendy places on Yelp. Well, tough shit. Real estate is a product of the wealth of who bids, and older people who have had more years of work to build up a savings have by far more buying power, so they will get the houses in the more desirable areas. Zoomers have to accept living farther away if they want their own house on the cheap.
True
The people complaining are zoomers who grew up in deep blue urban cores like Seattle, New York, DC, LA, SF, etc and feel entitled to have the same lifestyle at 25 that their parents had at 45. Many of these zoomers feel superior and entitled, many have advanced and valuable degrees, and many even make more money than their parents did at their age, yet are outraged that this doesn't translate into skipping ahead 25-35 years and leapfrogging ahead of their parents.
My grandparents bought their house for $15k in the LA area. At the time they bought it, it was cheap because it was in the middle of buttfuck nowhere. Obviously 50 years later, it's in the center of an urban core. Following this analogy, the zoomers can easily afford to buy a big house, bigger than their parents/grandparents at their age if they're willing to live far away and commute which, of course, many of them aren't, but thems the breaks.
And yes, commutes were shorter 50 years ago. There was less of everything back then. Fewer people, smaller cities, fewer cars, so yeah, commutes were shorter. That's how development works. My grandparents moved to LA back when it was still a "developing" city. They didn't try to go live and work in NYC.
Zoomers don't want to move to a smaller city. They want to be in the biggest big cities. They want to live downtown in a hipster loft and go to all the trendy places on Yelp. Well, tough shit. Real estate is a product of the wealth of who bids, and older people who have had more years of work to build up a savings have by far more buying power, so they will get the houses in the more desirable areas. Zoomers have to accept living farther away if they want their own house on the cheap.