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Finance guru Dave Ramsey slams 'awful' Gen Zers and millennials who live with their parents: 'They suck. They can't buy a house because they don't work' (fortune.com)

submitted 7 months ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] aesthelete@lemmy.world 44 points 7 months ago (1 children)

You aren't working your way into home ownership in many cases unless you also work your way into a different locality as well.

I bought my small 2x2 condo for around 500k in 2020, it's now worth ~800k. Housing inflation is out of fucking control.

[–] Halosheep@lemm.ee 11 points 7 months ago (1 children)

I'm moving into a house (renting) soon, and the owner bought it 8 years ago for $185,000. It's now "worth" over $400,000.

The only homes in that price range here are an hour away from where I work.

[–] HaywardT@lemmy.sdf.org 3 points 7 months ago (1 children)

I know a karate instructor that just bought a 2br 2ba house for 40k, in Tucumcari new mexico

There is affordable housing out there, but you really have to search, and you have to be flexible.

I'm not saying there isn't a shortage or that prices are inflated. The problem needs fixing.

[–] Halosheep@lemm.ee 4 points 7 months ago (1 children)

Very true, if I could work remotely I could easily afford a good size home just a little out of the DFW area.

[–] HaywardT@lemmy.sdf.org 2 points 7 months ago

What if switched jobs, even to a different line of work. DFW, and all of metro Texas is pretty expensive.

I spent most of my career in Houston. We bought a lot of expensive houses and expensive cars. Honestly I never expected to live this long. I really wish I would have stashed money away to live the life I'm living now.