Things certainly aren't how they used to be… While that common cliché has been repeated for generations now, possibly since the beginning of human existence, when it comes to the housing market, it's pretty clear that things aren't how they used to be. Gone are the days when a young couple could afford a four-bedroom home on one income while starting a family—raising and somehow funding an entire brood of children.
The thing is, your older family, friends, and coworkers might not even realize how precarious things have become; in fact, they probably wouldn't even be able to fathom it without actually living it. Even those who got into the market before the pandemic are in better shape than those who seek to follow in their footsteps.
I've never been one to think much about this. Still, eventually, you reach an age where you're tired of forcibly pouring gasoline and striking a match on a sizable amount of your income every month and finally are approaching a position where you can do something about it. Who wouldn't rather be paying off something that they may one day wholly own? (After you're done paying double in interest to the bank.) But, it's an uphill battle; housing prices continue to increase while wages stagnate, meaning you haven't a hope in heck of getting that sweet four-bedroom home your older coworker—which has also tripled in capital value over the last 20 years.
This worker shared their experience of having this conversation with their older coworkers, who were completely out of touch with the reality that those looking to enter the market now face. Read on to see screenshots of the thread that emerged around this conversation below. What are your thoughts on this? Jump in and get engaged in the comments.
Next, see this story from a worker who was fired for using her phone one month after starting her new job without being aware it was against the rules.
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