Hard work

When I was young, I was poor. But after decades of hard work, I'm not young anymore

I used to be poor. I'm still poor, but I used to be, too.

The absence of affordable housing is a failure of the state. working your whole life to pay for housing is the rigging of the system.

It's intentional. We are all just serfs

One day my boss rolled up in a fancy new car, I had grown up in a family that did better than middle class and still I had never seen such luxury. I was reminded of how I was promised the world, and given scraps, never to enjoy the same level of financial freedom as my grandparents.

But then my boss put his hand on my shoulder, he saw the pain in my eyes, and he reassured me

"Listen, if you work hard, apply yourself, put the company's needs before your own wants..."

My heart sang, could this be the secret to my salvation? "I'll finally get that raise"

My boss laughed. "No, I can get a nicer car by the next fiscal year."

More like "put the company's wants before your own needs".

And now anyone that has beef with him can make a copy of his keys and waltz in the front door.

I don't love that I saw this post and the very first thought I had was that I hope those aren't their actual front door keys.
- The trick is finding his front door
  Edit: and we all know from this post op has no assets

Wow, and that's a really tiny house too. Couldn't even get a whole hand through the front door.

Obviously wasted too much money renting that large hand.

Home ownership in the US has hovered between low 60% and high 60% for around 6 decades now, but sure, let's pretend that it ain't possible no more because some people only want to post doom-and-gloom bullshit because they have ulterior motives.

What are the statistics for those under 35 though? If I had to guess, the 65+ crowd is propping up these numbers.
- The people who are 65 now, would have been 35 in the mid 90s. Home ownership in the mid-90s is within a few percentage points of what it is now.
  And when it comes to home ownership of people around 25 years old, there are more of them now, than young people 20 years ago.
  "Almost 30% of those young adults owned their homes in 2022, more their Gen X parents achieved when they were 25"
  https://www.investopedia.com/gen-z-homebuyers-7483718
A similar proportion of people are buying houses, but they're paying far more relative to their income than used to be the case. People are stretching their budget more.
People are also buying later than used to be the case. "Starter homes" aren't a thing anymore. People are buying in their mid-career after saving a ton of money up. https://www.urban.org/urban-wire/real-homeownership-gap-between-todays-young-adults-and-past-generations-much-larger-you
Just referencing the homeownership rate alone ignores the important context.
- Interestingly your link seems to blame it mostly on declining marriage rates? It says near the end that the majority of the decline in individual homeownership rate since 1990 can be accounted for by assuming the marriage rate stayed constant, rather than the noted decline in marriages we've seen since then. So I'm not convinced things actually were better in the 90s; couples were just getting married younger and more often, and the pooled resources allowed more of them to buy homes.
Ignoring everything else wrong with your comment, have you considered the original tweeter might not have been American?
- What do you mean not American? There's only America, what else exists in the world?
- Considering 95.8% of the humain population lives outside the USA.... It's easy for Americans to forget they're actually a minority in the world because math is hard!
- Clearly you ignored the fact that I specifically stated these were US numbers on purpose because while the photo looks like the UK, they didn't call out where they were talking about.
The problem I see with that graph is that it tells us that 63%-69% of Americans are incentivized to make the problem worse. Homes are, by far, the biggest asset of those people. Their retirement and long term wealth is highly dependent on appreciating housing prices.
We regularly observe the effects of this in the form of all kinds of NIMBY laws. Unless you're prepared to build a cabin in the middle of the wilderness, almost all the desirable land already has a bunch of people living there. Those people tend to be very resistant to any additional housing that has any chance of decreasing their home value. We also see it in the form of mortgage tax deductions. The more money you borrow for your house, the more the government pitches in. We're encouraged to leverage our investment in housing which further drives up the need for housing to be a good investment. All of this effectively turns into a negative marginal tax rate (ie it's a wealth transfer from poor people to rich people).
We, as a society, need to decide if we want housing to be a right or an investment. It can't be both.
- We, as a society, need to decide if we want housing to be a right or an investment. It can’t be both.
  We already decided. We decided it's an investment, fuck human rights.
  Or did you not notice all the homelessness?

just buy a house! pay your own mortgage, not your landlords mortgage.

oh yeah that's so easy. why didn't i think of that? i totally forgot i've got a spare $100k over here i can use for a downpayment.
- Oh man, near me you need ten times that for a small two bedroom...
- It's amazing how fast the savings build up when we cut out avacado toast!
Sure, should I ask mommy and daddy for the money, or just prance out to the money tree and pluck a few hundred grand?
- Hey, can you grab a bushel for me while you're there? We've been eating a lot of money salad so we're running low.
- This is the main problem with this generation. Everyone is just complaining about the lack of money and all that but I hardly ever see anything about planting a money tree or two on your property. Sure, it takes some TLC to get it to grow but it's worth it come harvesting time. People are just lazy that's all.
- That or Only Fans.

Landchads can't stop winning 🤣

And it always ends in tears, burning of debt records and redistribution of the land.
- Actually, it almost never ends that way lol
Winning a piece of lead in their stomach or a piece of steel through their necks?
This but sad. People seem to love paying rent
- I've never heard of anyone who loves paying rent. They just don't think they can do anything about it when it gets raised.
- I don’t feel secure that my state won’t pass horribly restrictive laws driving me to leave in the next 7 years which makes the financial decision to buy not necessarily worth it