Quote:
Originally Posted by GordonGekko
Because the cost of buying and running a house is rediculously overpriced. Add to that the mortgage crisis and the new loan rules where new applicants need to be able to put down 20% up front, and this is why most in my generation conitnue to live in apartments or parent's house.
The price of housing is ****ing rediculous, and in some areas a complete joke.
I think at one time in this country an auto mechanic with a stay at home wife and 2 kids could afford a home. Now? No F'n way. One parent has to be a software engineer and the other a master's degree school teacher as a baseline to live in any type of decent house in many areas of the country.
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The bolded isn't true. And on top of that, for those living at home and if they did want a house it should lead to having that kind of cash anyways with any type of fiscal responsibility. But many people that age aren't really interested in that type of commitment yet, which I can understand.