Comment by DrPimienta
2 days ago
No, the average 30 year old American owns far less than the average 30 year old American did in the 50s, 60s, 70s, 80s, and 90s. Owning a home in a safe community is what is most important, and most young men can't seem to get that. Things are getting worse.
Heck, I'll lower the bar! I'm (mid-30s American) not so worried about 'safe'. A certain amount of danger is fine. Desirable, even, if it meant I could live in my home town, not in an unfamiliar city.
I could buy half of a house, right now, cash. I don't, because the moment I do, I'll be forced to sell/move/whatever. Again. Where I am [for work] and where I want to be are forever at odds. Leaders have found it fashionable to bundle us all together. Spin the wheel and see if we hit RTO, let's bid against each other [again].
All to say, I'd give half my salary to never negotiate it or my location, again. Clearly not an option, so what to do? Endure and save. You won't see me buying toys or status symbols, that's for sure. At Will employment, meet At Will spending.