Subj : Re: New to this
To   : poindexter FORTRAN
From : boraxman
Date : Sat Apr 19 2025 12:10 pm

On 18 Apr 2025 at 08:09a, poindexter FORTRAN pondered and said...
 
 pF> -=> Dmxrob wrote to Boraxman <=-
 pF> 
 pF>  Dm> anything below that is a dump. You want something decent be prepared 
 pF>  Dm> shell out at least 400-500k.  That is absolute ridiulousness and nobo
 pF>  Dm> can afford that.  Rents are no different.  Rental prices are $1800+ a
 pF>  Dm> month - on places that I very well remember used to be $250 a month.
 pF> 
 pF> I went poking around on Zillow in the San Francisco bay area, a region
 pF> notorious for out-of-hand housing prices. A San Francisco studio I
 pF> rented in 1991 for $600 is going for $2800. A 1-bedroom across the bay
 pF> went from $575 to $2300.
 pF> 
 pF> Salaries certainly didn't increase by the same proportion.   :(
 pF> 
 pF> My son is graduating college and looking to strike out on his own.
 pF> Against my advice, he's living in a wannabe apartment on campus. Since
 pF> it's campus housing, he's going to have to move out and find a job. And
 pF> try to get housing without a work history. He's going to have a couple
 pF> of roommates, for sure.
 pF> 
 pF> 
 pF> 
 pF> 
 pF> 
 pF>  Dm> Telling young people to just "watch their finances" and such isn't th
 pF>  Dm> solution.  I know plenty of young folks who work and sleep, spend nex
 pF>  Dm> to nothing on outside activities, and are still scrimping.  How many
 pF>  Dm> jobs should they get to afford to eat and keep the rain off their
 pF>  Dm> heads?
 pF> 
 pF>  Dm> It's a huge crisis and the orange felon we elected President isn't
 pF>  Dm> doing anything but making it worse.
 pF> 
I used to rent a place at $325 a week, not bad.  The cheapest I can find in that area is $480, but $500-$700+ are typical now.  To buy, you are looking at $750,000 to over a million.  This suburbs is FURTHER OUT from where I grew up.

It seems to me, the best solution for young people is forced wealth redistribution.  More effective, and a better return on investment on time and effort.

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