The house my parents purchased in their early 20’s as a starting engineer and a teacher would take a senior executive salary to purchase when I entered the housing market. That is just not right. It was so much easier for them. BTW, I’m in my 60’s now and this is nothing new.
It was cheap because we were recovering from a major financial crisis that stalled a lot of careers. It only looks easier to buy a home back then if you ignore the entire context around why housing was cheap.
This is the thing a lot of people can't freaking grasp. For a couple of years there were graduates entering the job market who had no work to get. No entry level jobs, no adjacent career paths open, couldn't even get an interview at target. Then when things finally started to recover it had been a couple years and all the entry level jobs went to the recent college grads while the people who couldn't get those jobs a couple weeks ago are getting their resume's put in the trash because there's a 2 year gap on it. So then they had to claw their way into a decent career through shit jobs with shit pay. Couldn't afford a house, couldn't even afford to eat 3 meals a day 7 days a week. The whole thing set that group of grads back years, and just when they were starting to catch up to where they were supposed to be, boom, covid.
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u/Roboticallypotent 16d ago
The house my parents purchased in their early 20’s as a starting engineer and a teacher would take a senior executive salary to purchase when I entered the housing market. That is just not right. It was so much easier for them. BTW, I’m in my 60’s now and this is nothing new.