Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises

Comments

• DarkFuture@lemmy.world ⁨17⁩ ⁨hours⁩ ago

  I guess I’d believe this if all the hard data didn’t prove it wrong.

  Maybe I should become a conservative so I don’t have to bother with hard data anymore.

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• foodandart@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  Yeah… I read the entire article, SOME of what she’s said isn’t too off the mark… Starting out with roomates and scrimping at first… but crabbing that someone buys coffee? Seriously?

  Naah sis, you’re missing the main point… and that is percentages of income needed to get into a home today are multiples of what they were when you were starting out. Fuck that shit. Also, housing stocks were better and it had less to do with the number of units on the market, but that the market wasn’t dominated by equity firms and REITs.

  My biggest beef with housing was once they put the “no money down” equation into the mix, the prices soared.

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  • shalafi@lemmy.world ⁨1⁩ ⁨day⁩ ago

    The coffee thing is a shortcut for saying, “Stop buying stupid shit.”

    $10/day is a $300/month habit. That’s significant.

    Still, not listening to the rich tell the rest of us how to navigate the world they fucked up.

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    • OctopusNemeses@lemmy.world ⁨1⁩ ⁨day⁩ ago

      People can do the math on that themselves. Let’s say $1000 into SP500 fund in 2010. Invest $300 per month. The markets have been returning on average about 8% per year. Next do the NASDAQ. That has been an incredible investment over the past 15 years.

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• Xenny@lemmy.world ⁨18⁩ ⁨hours⁩ ago

  I did, still poor. I get half my meals for free (food service) still poor. I split rent with 4 other people to the point where my bills are the lowest they’ve ever been in my life, still poor. Still poor, still poor and not making enough and everything keeps getting more expensive.

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• captainlezbian@lemmy.world ⁨13⁩ ⁨hours⁩ ago

  By boomer standards I’m lower middle class as an engineer. I could theoretically afford a kid or two and a small house, and with two incomes we could even do that while having occasional vacations and retirement savings. You know, the sort of life that so long as you didn’t really fuck up you could afford as a boomer, but several years younger than me as well.

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• hark@lemmy.world ⁨22⁩ ⁨hours⁩ ago

  “900 corporate staffers were also laid off as part of a $1 billion restructuring following six straight quarters of sales decline.”.

  The idea that spending on coffee or avocado toast or whatever single food/drink item is causing a widespread drop in home ownership is idiotic enough, but this absolute moron managed to pick something with hard evidence of declining sales.

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• shaggyb@lemmy.world ⁨22⁩ ⁨hours⁩ ago

  I don’t care who the fuck she is or what the fuck she says or why anybody is quoting her. Remove her from my oxygen source.

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• LadyMeow@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

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• SaharaMaleikuhm@feddit.org ⁨1⁩ ⁨day⁩ ago

  Booo! Get some new material!

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• AshMan85@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Coffee is not the problem, CEOs are

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• Catalyst_A@lemmy.ml ⁨22⁩ ⁨hours⁩ ago

  i was alive 30 years ago. No the fuck its not.

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• MutantTailThing@lemmy.world ⁨1⁩ ⁨day⁩ ago

  I haven’t had a drip of Starbucks coffee in my entire life

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  • TheRedSpade@lemmy.world ⁨1⁩ ⁨day⁩ ago

    It’s ok for the drinks they make where coffee is just one of several flavors. It’s trash on its own though.

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• Devjavu@lemmy.dbzer0.com ⁨22⁩ ⁨hours⁩ ago

  We should make an initiative where we collect donations and sends tons of maneur to theresidencies of rich people.

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• ruuster13@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  This is literally a Starbucks ad for boomers.

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• motor_spirit@lemmy.world ⁨1⁩ ⁨day⁩ ago

  ignorant cunt

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• gravitas_deficiency@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

  Okay

  shorts SBUX

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• chicken@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

  Yeah, sure, it’s all about individual success, nevermind the actual population level trends, it’s all on you to figure out some way to afford your life.

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