2012 vs. 1984: Young adults really do have it harder today
 

My parents first house was $30k in Winnipeg. My first car was almost more then that...

Pretty much agree with that
The average person does come out of school with some money
if they live at home and are smart, then it shouldnt be THAT hard. At the same time, needs have changed and we spend more on things that wouldnt be a necessity back then

but really, with this gen, if you make a stupid choice, thats technically your own fault

Times change, people change, it has to be dealt with, nothing is a right.

its been like that WAY before 2012....

Young people in 2012 are just more self-entitled, with worse work ethics and screwed up money priorities; compared to their 1984 counterparts.

back then if your job involved working with your hands or doig something for society like a newspaper editor you were paid what you were worth and you disnt need mich more.

nowdays the internet makes newspaper jobs worthless and everyone wants a white collar and all the things that come with it - cars, houses, toys. as this continued competition increased, capitalism did its thing and here we are today working our asses off to afford shit we dot need, on credit. perfect example of this shift from extreme to extreme is japan.

so did our affordability go down? yes. but its our own fault. so i refuse to make excuses or put blame on a generation before me. if u work your ass of and remain a step ahead of your peers you will succeed and enjoy your life, regardless.

step your shit up then

Thats what happens when you stop keeping score at kids sports games so everyone can be a winner.

did you even read the article?

also nice to see a rich dude saying shit like that.

people just like to whine. I have a few cousins who came over to Canada FOB status within the past 5 years, in 5 years they somehow saved up enough to move into a house in delta and get 2 cars and have a kid and are pretty financially stable. Neither of them of have any formal training nor do they work in any trade. If you want it bad enough, you can do anything (They worked 2 jobs each for the first year they were here)

It's pretty hard to be motivated when you're sitting in your parents $1,000,000 house with food/ammenities paid for (majority of the people who I know that aren't doing shit/not saving their income)

Very well put by The Globe and Mail. "Go to school, get good grades so you could get a good job.. Boom Student Loans.. earn your paychecks.. Boom Mortgage.. get married, have kids.." and so on.

"Follow what everybody else is doing," this is what we're brainwashed for. Sad.

Region Average Price 1984: $116,444

Actual Average Price Today : $761,742

:QQ:

that's not even accurate .. for $750,000 you'd be lucky to get a lot/50 year old house in vancouver :fuckthatshit:

I'm pretty sure they didn't just pull the fucking number out of their ass. Home prices don't only refer to a single detached house.

haven't read the whole article yet, but wasn't there also a economic recession in the mid 80's? So it would make the playing field somewhat even?

interest rates spiked in the late 80's. there was an early recession in 93 I believe.

Now I finally understand why my dad always tells me stories that starts with "back in my days..."

I feel you dad! :QQ:

and young adults spend money on all kind of ridiculous things these days, it is almost impossible for save up money.

smart phone
data plan
laptop, ipad, ipod, mp3, computer
LCD in every room
modding cars
wifi gadgets at home
high credit limit credit card even before graduate
world of war craft, star craft
gaming console with the gaming collection
internet
and the most important, gas price in mid 80s was almost 50% cheaper (include inflation)

And leave it to the poor people to assume the rich guys didn't get to where they are with hard work, graciousness, and well-informed financial decisions.

This is incorrect. The best public school system in the world belongs to Finland where they promote equality and look down upon competition. This can also be correlated to why the Scandinavian countries experience the highest levels of happiest, and coincidentally why they are the most equal countries on the Earth.

dont you think people had plenty of ways to spend their money back then too?

Survival of the fitest. If you're a lazy bastard, you deserve to die off like the rest....
You dont get something for nothing.

Vancouver
Average Price 1984: $116,444
Price Today If Homes Had Risen by the Inflation Rate Since 1984: $236,187
Actual Average Price Today: $761,742

Dafuq.

Failed not because it's not true, but because it's out of context here.

Bottom line is it is way tougher for young people nowadays to get financially comfortable when house prices are more than three times more than what it was equivalently less than 30 years ago, but income has not come anywhere close to matching the rate of increase.