This wasn’t in a rural area or impoverish inner ring suburb. This was in an older but perfectly nice suburb of a large midwestern US city. I had two friends at the time who were just out of college and teaching in public schools. And they both bought houses. One had a spouse who was working (normal job, not high pay or anything) but the other was single. I know for a fact they didn’t have any help from parents. I do know they both had most of their school paid through scholarships so little to no college debt, fwiw. Went on google street view to check out the houses - not large but definitely comfy. Around 1,600-1,700 sq ft single family homes with a yard and everything. Something a small family would be comfortable in.
And I mean, I was looking at buying a home around that time, too (and for years afterward). My salary was above the national median but not that much above it. There were lots of options - the only reason I didn’t buy was because my life situation was not stable. I don’t live in that city anymore but looking at my salary now and what’s available on the market, buying a home is pretty much out of reach for me. Certainly what I could get now, in terms of square footage, is drastically reduced. I’m not even taking into account current interest rates, I was just plugging in numbers at the old 4%.
That’s how fast material conditions have eroded for a lot of Americans. This is what journalists who write this articles about “aww why are young people so down these days, they should just cheer up all that bad stuff is all in their head” completely miss. Probably because in all likelihood, they bought a house a couple decades ago and are secure themselves. It’s why the dems’ bullshit about how the economy is so great is so offensive to us. It’s a denial of reality.
Generational politics is bunk, but I also think inequality should be thought of along multiple axes. One is whether or not you bought a house 15-20 years ago or not. If you did, then you’re sitting on a mortgage that is relatively low which makes your material conditions comfortable. You’re not feeling the effects of the bad economy as much. If you’re under 30, then it’s not possible to be in that situation.
Things got so, so, so much worse after the 07 housing Crisis and Obama's betrayal of basically everyone in the aftermath. I think all the talk about "recoveries" and recessions since then is bullshit. We went in to an economic disaster and never came out, and all the "improvements" since then have been bullshit like using people doing gigs or working three jobs to massage the unemployment numbers.
I'll believe the economy is "good" again when grocery stores stay open all night and late night diners start opening up again. There's nothing good about an economy where people are so strapped for cash you can't keep a greasy spoon diner open.
I'm 36 so I was leaving college at that time. And yeah, it was hard to get an entry level job in a way that hadn't happened before
But compared to now, it was a great time to be young. Starbucks paid 12 bucks an hour, you could make like 18 an hour answering phones, make 200-300 FOH most weekend shifts. Renting a room in South Philly was 500 bucks. A one bedroom in a non door man building was like 800. PBR was 1-2 bucks. I fed myself for 30 bucks a week.
It's significantly worse now than it was then.
I'm a little older than you and I 100% agree.