A long-time friend of the blog writes:
I am so sick of hearing about things that millennials will “never have.” I am not that much older and I don’t think things were all that much different when I was in college, renting or buying a house. Perhaps the difference is in mindset- I didn’t expect to afford rent on apartments with marble countertops and rooftop spas when I was earning minimum wage just out of college. I didn’t expect my house to be perfect, either. I just needed it to be structurally sound. Sweat equity was fine.
To the point in this post that the market isn’t working for millennials, I would say it is to a fault. Millennials are demanding perfection, to move in to brand new, high end amenities. They won’t settle for less. Most of the rest of us have pkaces to live, or want to move up, as generations have before us. That millennials are refusing to rent or buy affordable housing, which in turn is being torn down to build luxury and market rate units is the market working. The affordable housing was there for millennials who wanted to start out like the rest of us. But, because they won’t buy or rent it, there is no market for affordability. That they “won’t have houses” is really just their own choices. Kinda like “we can’t pay our college debt ever” when they choose to get multiple degrees from the most expensive colleges in non-marketable skills, like fine arts, literature, etc.
I don’t mind people getting “non-marketable” skills, provided they don’t whine about their prospects after graduation (or show me their draft notice they got before being taken against their will to study Womens’ Studies at Oberlin).
What I’ve noticed? They seem to collect maladies and diagnoses the way they used to collect Pokemon.
Maybe some – how do you say… – realignment of priorities is in order?