We lived in suburbia, and I guess we were upper middle class. I didn't even know Star Trek was filmed in color, till I went in the service.
Yeah Real Estate went up. It went up for my generation too.

Yeah, if you JUST compare two generations, it looks bad...but if you compare them all at the same time...you'll see a pattern. Everything always goes up, by a lot. It does so every generation.

My mother and father were also upper middle class. My mother's family grew veggies in the back yard and raised chickens, and sold them to the rich people.
You guys can whine all you want about how shyt ain't fair, but in 30 years from now, you'll be on JSP, telling 25-35 year olds the same thing.

When I was in Cali, age 25-35-ish, my g/f's mother was paying $400/month taxes on her house. Nice house/neighborhood too. We couldn't find a 1 bdrm apt for less than $600++ a month, rent. And this was back in the early 80's.
Same shyt, different day. Life just repeats it self over and over.

Oh crap, land values have exploded because the boomers used real estate as a retirement fund.

Home ownership has gone up a lot over the last century, which is actually a very good thing. Real estate is a great store of value, one that rarely depreciates in value and it's also durable. There's nothing wrong with people wanting to own their home. It's empowering and it gives people security. It's also a great tool for leverage that for most of history the common pleb had no access to. If i'm middle class and i want to start a business, i can use my home equity as collateral. It's a wonderful thing for the common man to be given that opportunity.

I have never seen such ignorance.

I know Canada better than the US so lets use statistics so we can put this to rest.


The average price of a home in Vancouver (since you brought up cali , ill use our cali) in 1984 was $116,400. The average after tax income in 1984 was $52,500in Vancouver

Lets look at today. Average price of a home in Vancouver is $761,742. The average after tax income in 2010 was $55,500

You claim to be the math tutor. Do the math.

Let me ask you did the change of $3,000 in average income compensate for the 600K change in the average home?

Must be reckless spending creating a barrier from young people entering the housing market. I don't know how to dumb it down anymore than this. You seem to honestly be a simpleton.

This post was edited by SBD on Jul 7 2018 08:28pm

Except the boomers bought 7 each and killed that dream for the average member of gen y then blamed avocados..

Houses arent necessarily more expensive. People just want to live in shitty areas like cities and in overly large houses for some reason. The other price increases come from poor mortgage practices.

I'm trying to engage you in a reasonable and intelligent manner and these are the type of responses you give. Boomers didn't buy a bunch of homes per family, what world do you live in.

My mother owns 6 homes.
My best friends parents own 8.
I know quite a few boomers who just kept buying.
Un the 80s the banks and advisors were telling everyone to just keep buying.
Negative gearing made it a joke.

This post was edited by Plaguefear on Jul 7 2018 08:48pm

Anecdotal evidence isnt an argument einstein

Are you really going to stick to the argument that housing prices haven't risen faster than median income?