Baby Boomers were born between 1946 and 1964, when the average US home cost about $11,900. If you consider the value of money today, that would round out to about $58,600, CNBC reported. Today, the average home price is $374,900.
Despite mortgages out-pacing our income, the Times recently shared that some boomers have offered this advice for millennials "complaining" about finding affordable housing: "Cancel the Netflix subscriptions and stop ordering takeaways."
Baby boomers have some advice for millennials struggling to buy a home: cancel the Netflix subscription and stop ordering takeaways https://t.co/iLhEq7HzgW
In response to the unsolicited advice from our out-of-touch elders, millennials and Gen Xers alike shot back with facts, jokes, and incredulous reactions. Here's how they responded:
1.
You would have to cancel Netflix for 2,300 years to save enough to pay for the average home price in the US. https://t.co/5g928euOyS
2.
@thetimes I’m a boomer and we bought our first house when I was 21, so did my friends. Life was much easier for us than young people today. Some old people have conveniently short memories.
3.
Food $200 Data $150 Rent $800 Gardening supplies $3,600 Utility $150 someone who is good at the economy please help me budget this. my family is dying
4.
@thetimes Lecturing people from the house I got for fifty bucks and a signed frank sinatra picture at a time when only whites could buy homes
5.
@thetimes I don’t have Netflix, but my bank are still asking double my salary to get a mortgage on a studio flat. What’s their advice now?
6.
Saving $15 a month is definitely gonna help me afford that $800,000 1 bedroom no bath shack in Parma Ohio https://t.co/nyoHXw7pq0
7.
@thetimes *searches for graph which shows how much mortgage payments/deposits have grown as a percentage of income over the years 🙄Times are hard. Give them a break FFS
8.
u left us a shattered democracy and an uninhabitable planet. is it ok if we watch a movie and order in to cope??? https://t.co/w2IW0MvoV4
9.
@thetimes They say that while renting out a 1 bed flat for 1200 a month
10.
most Baby Boomers can’t even afford prescription drug coverage once they retire? 🥴 https://t.co/gt7PuKkaYR
11.
These boomers, tomorrow: “Hey, can you come over and log the TV into the Netflix again? It’s telling me the subscription is canceled??” https://t.co/pMil5lp8pF
12.
.. and you might be able to afford one of these https://t.co/7CHl1Y6ndL
13.
@thetimes Ever since I canceled my Netflix sub, I am rolling in $$$. Just bought a mega yacht, a private jet, and a few mansions. Looking at picking up an island or 2. I wonder if Greenland is available.
14.
Cancel my parents’ Netflix subscription? That seems rude. https://t.co/ZyhyuCdfwo
15.
@thetimes Hey young people, it's easy as that. Save £100 a month by cutting Netflix and takeaways and in 41 short sweet years you will enough for a deposit on your very own flat in Swindon!!
16.
@AudiSun07 @WhatEvil @everysongsung @thetimes The best thing is looking at Zillow and seeing how ppl are selling houses for 300k USD more then they bought it in 2020 🙃🙃 Nothing added. No new roof or anything. Just 300k more then what they paid 2 years ago.
17.
I’m not listening to financial advice in 2022 from someone who bought their house 40 years ago for $10,000 https://t.co/DFevCYqc7G