$400K is now middle class
(media.kotakuinaction2.win)
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Is he basing this on a national average? Or a place where COL is extremely high, like a coastal city?
He's basing it on something someone told him. There's no source, no research, no confirmation.
Millennials and zoomers are half fucked because they won't fucking try anything. They won't look up housing incentives offered by various states and cities to cover a down payment. They bitch about debt, without understanding the difference between good debt and bad debt and refuse to be educated on the subject.
Did the boomers fuck us? Sure, but these people won't even try to unfuck themselves. They demand the government do it for them.
You've never looked any first time home buyer incentives. This one incredibly generous, and the requirements are super loose
See? This is what I mean. You're just like most of my other millennial and zoomer friends, you guys are all doom and gloom without actually trying anything. Do you think going to your bank and talking to a loan officer costs you money? That if you get rejected they won't try to coach you on how to become eligible quickly? Why would they do that, so they don't make any money?
This is the kind of shit that has our generation tied down. We all think we know so much without knowing anything at all.
This is hustlers university level of financial literacy, just in the opposite direction.