Originally Posted by
PotatoChip
https://www.investopedia.com/ask/ans...-years-ago.asp
This is why many have moved back in...
The cost of housing has outpaced that of regular inflation by nearly 50% while wages have barely kept pace with inflation. A dollar today has significantly less buying power than 20 years ago, especially in regard to housing. Those are facts. How can you blame that on millennials?
I won’t be even get started on the cost of education (over 300% increases) and the fact previous generations have made the bachelor degree a new high school diploma for many entry-level jobs. Before you cast stones at an ENTIRE generation, please take the time to understand some history.
(I’m not, however, defending college “safe-spaces”, that’s just ridiculous.)
Depends on where you want to live. Most of the "highly desirable" places have filled up, driving prices up. There are still parts of the country with plenty of room, low COL, and growing employment opportunities.
It's understandably a hard pill for kids who grew up in those areas and can't afford to stay.