"Houses cost a lot more now, taxes are higher. Less money is available to most millennials."
I think on an inflation adjusted basis houses cost about the same for the past 100 years or so. Taxes are the handicap.
My dad was a union plumber in NYC he saved lots of paperwork, in the 1950's he made $75 a week. His take home after taxes (in NYC!) federal tax , SS and union dues was $68 a week.
Think of an individual today making $750 a week $680 take home ?
A long time ago a gent suggested , "If it Flies , Floats or Frolics" its better to rent than purchase.
Todays kids seem to be following that advice.
While yacht clubs are mostly gone , the boat assemblers realize skills are almost non existent so side stick docking can allow a newby to have fun in a 50fter and a 2 week rental..
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