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this post was submitted on 10 Aug 2026
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I mean prices were lower for like 8 years before exploding with low interest rates, time was there to save
Sure but the job market was a joke so if you weren't already established in a stable career, your income was going to be pretty garbage on top of school loans. Realistically, you would be looking at college grads who have enough seniority in their career that wouldn't put them at risk of being let go as well as having little to no school debt. You're looking at people who are at least 23, more likely late 20s in 2009ish. That's certainly near the '81 cutoff for millenials. I was 18 in 2008, luckily retained my low paying retail job while going through uni, with my school debt and the garbage job market, it wasn't feasible at all for me to take advantage of the prices.
Wait, when did the cutoff for millennial become 1986? Last I saw it was 1981-1996, with some fuzziness at the edges.
My bad, typo, I'll edit
Thanks :) I was worried I'd have to start fitting the stereotypes of a different generation.
I was also in uni in 2008 but graduated in 2010, bought my first place in 2011
I'm happy for people that were able to do that but you gotta understand you're probably in the like <10% that could do that. I doubt you would say you were in the same situation as most people born between '81-'96. Gen x was in the best position to take advantage.
My younger sister somehow bought a house with her friend. Her first job paid $80k a year. I made $7.25 and hour and this was not an option.
Just another, the privledged got to buy, and the poors didnt.
I was dead broke after I bought. Making $16 per house and my wife was making $20 an hour so not a lot by anymeans
double income. You married so young?
$20 an hour for 2008 is A LOT.
threw it into the inflation calc. $20 an hour in 2008 is $31 today.
I was making $7.25 with a ten cent raise at the end of the year.
you were lucky, no shame, but both you and my sister were lucky.