Quote:
Originally Posted by HarbingerDe
It's quite easy to say "not terrible" to $2k 1-bedroom apartments when you bought a home pre-pandemic and it's not your problem anymore.
It is absolutely crushing young professionals. Despite working a stable full time job in engineering, I really have no hope of ever owning a home. Even renting my own apartment would be financial suicide. The "luxury" of living alone as an employed adult is not worth the $1,000/mo I could could otherwise save or spend on things/experiences that bring some joy.
It is in fact quite terrible that people like me are being told to just accept that were going to have to pay $2k for a 1-bedroom apartment whereas if we had gotten into the housing market just a few years ealier, that $2k would be equivalent to the mortgage, taxes, and insurance for a 3-4 bedroom house..
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I agree it is outrageous relative to historic standards and expectations, but quasi-reasonable in 2024 - sadly. It is shameful what our leadership (across the board but esp current federal gov) have done to younger people just starting out.
I suppose we are on a trajectory where the vast majority rent tiny boxes for their whole lives? Is that we we (collectively) want? Hard to imagine. We can only hope there is some kind of change, and soon!