Quote:
Originally Posted by DoubleF
Ownership isn't as big of an issue as unrealistic expectations.
I grew up in a 900 sq ft bungalow. My family was a family of 4. Nowadays, many young families are complaining a relatively new 1600 sq ft bi level is too small and cramped for a family of 3. Many think living in a 600-700 sq ft condo with a baby is impossible, even though millions, maybe even billions of people do this world wide with 3+ people.
What is considered "entry level" and "average" has significantly soared to insane heights in the last 20 years.
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Hmmm...I don't know if I agree with this. It's a fact that Millennials can expect to have a lower standard of living than their boomer parents.
You do have a point in that expectations have changed from what people expected in different time periods and other countries. However, I wouldn't look to what boomers received from 1970-2005 or so as "tough" compared to now. You'd have to go farther back to find those comparisons. I don't think this generation will see the meteoritic rise in personal wealth that the previous one experienced, merely from owning a home.
Life is definitely easier in some ways. The cost of goods, generally, is cheaper. Largely because people are importing them from China now, which creates its own slew of problems. For example, everyone has a smart phone and no one is making payments on their blender.