How Will Millennials and Gen Z RETIRE? THIS is Why A Renter's Economy Is So DANGEROUS! 

We’re not coming around, we’re coming up for air. We’ve been suffering the whole time but are used to not speaking up, we realized the adults didn’t care a long time ago.

I've been living apartment to apartment ever since I was a small child. I'm *SICK* and *TIRED* of renting! I'm *SICK* and *TIRED* of apartments and *SHARING THE SAME PAPER THIN WALLS!!!* I'M TIRED OF THIS COUNTRY!!

As a 32 year old millennial who still rents, I'm very concerned about this. I don't see how I can ever afford a home at this rate. My husband is disabled, and I only make $62K a year, which barely leaves anything left over after paying for all the bills. How will I ever retire if I have to keep paying rent until I die?

Home ownership used to be a big part of the American dream, but it feels out of reach for many now. I focused on saving to build a safety net and invested in ETFs and bonds when I had extra funds. Given my age, I didn’t see the benefits of compounding and often wondered if this approach was right for me. Diversification sometimes seemed to limit my returns. After doing some research, I found an alternative strategy that helped me reach $5 million before retirement. I’m hopeful it will provide a secure future for my kids

The answer: you will work until you die. 1) You can accept this and live your life within your means. 2) You can leave the U.S and live somewhere more affordable. 3) You can fight to change the system of bureaucracy that hates you, and does everything it can to make your miserable.

Great video subject but as a 54 year old home owner, I will say the cost of living has caused people to refinance and not have their home paid off in 30 years and the ridiculous increases in taxes are causing many retired people to work part time. On top of that if social security disappears so many of us are screwed!!! It's a scary situation!!! 😭 It's absolutely ridiculous that you can pay off your home but still never truly own it due to taxes, it never ends 🤬

They won't by design you will own nothing and be happy

I sold my house, bought a sailboat and it's paid off. Slip fees are different everywhere you go. I will say this, you purchase less because you are in a smaller space, you can travel, and the community is better than most neighborhoods where you might not even know your neighbor right next door let alone a few homes down.

My retirement plan? I’ll just flip my switch from “ON” to “OFF”.

Yes there's a lack of supply, but the reason isn't Builders not building enough. Colorado they're building nonstop, and in Florida they've overbuilt so much the locals are refusing to lower sell prices to prevent a 37% drop in price. The issue is institutional investors buying out these homes thousands above asking and keeping the Market over-inflated while keeping rents higher to boot. Its reckless chrony-capitalist practices like this that enrages youth so much that they start thinking dangerous ideologies, that resulted in the deaths of tens of millions, are a better alternative.

A lot of people don't want 3 bed 3 bath houses either,For a single guy like me 1 Bed 1 Baths are virtually non existent. 2 - I never thought Property tax should exist. The point of having a (paid off) home should be a place that you have indefinitely and can count on always being yours and not at the mercy of increasing property taxes from an insatiable money hungry government.

They dont want you to retire... This is the whole point of companies buying residential houses. You cannot have a capitalistic society without keeping a majority of people slaves and scared to lose their jobs. Its the same way that CEOS cannot have power over the slaves if unemployment rates are low for a reason, people will just leave and get another job if the conditions suck.

Owning a home just means the government is your landlord now.

All generations are screwed. Blame the politicians for keeping themselves wealthy and leaving us dry. 😮 😐

Renting forever is serfdom

As a non millennial i find myself stuck in the middle between you guys but im feeling the pinch as a single income household. It is not enough. And from my experience talking to the boomers who paid there houses off at the end of 90s early 2000s they dont really care. Its a lot of suck it up, quit whining, just dont spend any money youll be fine. They are conpletely out of touch.

It's not just the American dream. It's the dream of all the world.

As a finance professional, thank you for your videos. Affordability is a huge problem for the middle class, and people just don’t see it. They still think, just do what it takes to get through college and it will all work out. It takes more than that nowadays. I want my kids to be homeowners one day. For them it might require buying a distressed property and fixing it up, just to get in the game. So I’ve been learning construction skills to be able to help them with that. As long as gains on home sales remain tax free, it’s a good entry point to this mess. Gotta get creative!

I dislike the Federal Government so much and are policy makers don't even care enough for their own people.

I rented so I could save money to buy a house. The problem is now the rent is so expensive that you can't put a single dime aside

alot of builders also refuse to release already built house so they can make more

I am GenX, we went through the same crap. I never could afford to buy a home.

You think the federal reserve isnt aware of this.? Its all by design this wasnt an accident.

I live in a mobile home. My wife and i own it, and only pay lot rent. It needs maintenance at times, but its better than an apartment. "Oh you should move. " the maintenance is my mortage pretty much dude. Once that is up to date, im going to be able to live in a home that i dont have to worry about as an old man. Its not fancy, but its a lot cheaper than what could be and its my castle.

We won’t. The Boomers and G. I. generations took everything to their graves.

You don’t want us to be depressed but the truth is depressing.

Even Gen X are struggling. This is all a mess.

All I hear about is Millennials, Gen Z and Boomers. Nobody talks about Gen X. We are in a precarious situation as well. Our houses have not yet been paid off and our real wages have gone backwards. We hold the distinction of having been contributors to workforce for the past 20-30 years. We started off at low (entry level) wages and worked our way up. Now even though we have risen to the ranks of middle management and secured low 6 figure salaries. The cost of living and the rise in everything has made it so that our wage is roughly equivalent to what 60K was two decades ago. So to cut a long story short, we have been working away for 20 -30 years and what we have busted our behinds working up to is only slightly more than what we began at. We have just gotten around to paying off our student loans, and we have young families to support. Many of us have been forced to refinance our homes just to make ends meet, so we will likely be working forever. - Gen Z is upset because they feel hopeless about their future. - Millennials are angry out of a sense or entitlement (as to what they feel they are having to work harder to get). They have more in common with Gen X than they do Gen Z, so I am unsure why they keep getting lumped in with them. - Gen X is stressed just trying to keep what they have earned (working for the majority of their lives). They are in the same boat as the Millennials, though they stand to lose more (on average). Gen X’rs are Millennials with houses (basically). - Boomers are enjoying the tail end of the easy lives they have lived. Those really feeling the crunch of this are the working age individuals between 25-50. That’s Gen X and the Millennials, specifically.

I think we need re-examine what it means to own something. I can understand paying taxes when you buy a home but when you have to pay taxes on your home annually even after you paid it off then you don’t really own it Your government became your landlord without any of the responsibilities of a landlord

Senior here, but totally agree! We have to really scrutinize our elected officials. Millennials have surpassed the Boomers in numbers - they are also probably healthier (better health care than what we had - thus, higher survival rate) and better educated (thus have a higher income potential). With those factors alone, the amount that they are contributing to SS far out weighs what we had contributing to ours. This is why you have to demand accountability from our people in office. Do not allow them to play games and steal from this fund to pay for other things! If you want what you are entitled to, you have to fight for it. During our time we had AARP as a (supposed) lobbyist for the senior (later found out they were paper tigers, but the politicians didn't know that for decades - it was always: don't mess with the seniors). You folks have to demand accountability. If you do, SS will still be there for you - do not fall for their lies. BTW, when we were in our 30s, we were told the same lie: "SS will never be around when we hit retirement and neither will pensions (they were right in that regard) - so contribute to your 401k, as much as you can" (sad to say, that was a joke too - when a lot of companies insisted that their match was in their stocks only - and you know what happened to that, for even the strongest of companies).

We're not. Unfortunately, society and the economy will be in a perpetual game of catch-up to the point of unsustainablility.

I understand your dilemma, it's possible that they're not considering their retirement. It seems to me they hope they can make it through the next 5 years.

Excellent video. His figures are spot on correct. Oldest Xer speaking. I despise the private equity purchases of homes too. May we discuss the 800 pound elephant in the room that no one is comfortable discussing ? When millions of people are flooding our boarders annually, where do you think they are living ? They are taking housing supply, both homes and apartments, paid for by the federal government. Young people, you are competing for affordable housing with the biggest wallet on the planet.

A friend that is 21 says he does not want to go into auto repairs since gasoline and diesel engines will be gone soon. Does anybody actually think that car repairs will be gone soon ? A local plumber is now doing electrical installs on new houses since the builder cannot find anyone .

From what I usually hear, most younger millenials and gen z don't want to bother now, it's too far out of reach. They're all focusing on preparing for a mad max scenario.

Personally I’m terrified of the increase in home prices and I don’t think interest rates are dropping anytime soon. Just closed on a house a few months ago. Got roommates to help pay the mortgage. It doesn’t cover all like it could have even a few years ago. But at least now I only spend $600 a month on housing instead of $1,500. I don’t make a lot either. I’m 28 and used an FHA loan had roommates lined up almost in advance. Problem is that if I get married I have to figure out what to do then.

Property tax is a lot more than you are saying .

The high interest rate is also suppressing the market. No one wants to move.

Hello Freddie 👋 good advice - the country is in bad shape 🥺

I’m a early millennial, I did buy a house prior to the pandemic and refinanced when interest rates dropped so I at least have that part secured but will millennials be stuck in their starter houses due to these issues. Many of us were late into the market because of crippling student loan debt destroying our debt to income ratio and low wages when entering the workforce also lending restrictions following the housing market crash. Feels like we are the sacrificed generation.

All that works great. Until you get sick, fired, divorced or arrested.

This is excellent content, well done. I work in banking. As far as social security goes, we hope the system stays afloat ofc. Roth IRA’s and 401k’s are great investment vehicles to help set money aside for retirement - every American should be putting some money into something like that. Thank you for your content!

I'm 52, and we paid off our home over 12 years ago. We sacrificed a little to become debt free, but I do feel sorry for the younger people who try. My number one piece of advice is to buy your vehicle in cash, even if it's older than 10 years (preferably a Toyota or Honda). You'll save a lot of money. Believe me.

2008 wasn’t a crash. It was a scam.

This is why I bought a “median price home” in my area. It’s monthly payment all told is $500 more than what I could rent in the area but when retire in 23 years I won’t be paying rent.

I think about this a lot :( I’m always sad

I wonder what would happen to a local housing market if a builder made a neighborhood of 300 2-bath 3-bed starter homes and only sold to families. Would it impact the local rent market/ property values?

Hi Canada here …were there all really 😵‍💫

An older Friend worked in a small town grocery store in the 1970's . He said they sold a lot of the premium brands of dog food. Buyers were folks he knew that did not own a dog. ie that was supplemental food since the were on SS income and had property taxes and utility bills etc. Later in Finance II class in college the graph the professor had was 1/4 the dog food in the USA was eaten by people.1970's data during the big Inflation era

I love how GEN X never exists in ANY videos lol.

One thing to add to the conversation. If you are a single person get established before you get married how ever long it may take. If you are married stay married and work as a team for the financial goals both of you share.

I'm a 60 years old boomer and I couldn't retire. I expect to work until the day that I go in the ground. There are not many jobs with benefits anymore. Most jobs are gig jobs or 1099 jobs with zero benefits. I'm not complaining. I'm just stating what is in my area.

Simple solutions: live in your vehicle or live in a tent or make arrangements to with a friend or family member to pay a few hundred a a month to stay in a spare room until till you can afford to buy out right or look for a property with seller financing. Anyone paying typical rents is absolutely getting scammed & it’s not going to stop till people refuse to play the game & you absolutely have the option not to play!

At what point do people take it to the streets and demand action? Personal fiscal responsibility matters, but there are many exogenous factors at play as well.

I don't know. I have a little saved up but not as much as I should at my age. It all depends on my employment prospects.

Orlando is inundated with large apartment complexes…..it amazes me every time I see them being built

I used to watch Freddie & Alyssa (and, Benji) on their show all the time but I haven’t seen either of them ages. Freddie just seems to be solo talking about real estate which is profession. I liked to see her on the show again. Maybe, she has & I just missed it. All that said, I’m old (60) and, I’m downsizing. My house is paid off & I should make a good return. It’s a rite of passage with real estate. It goes up & it goes down. It is what it is.

Hey, Freddie! Nobody in South Florida pays $600 a month between taxes and insurance. Renting is better. You do not have a background in econmics. You do not focus on Generation X at all. Wages have stagnated, pensions are non-existent, and corporate profits are the highest they have ever been.

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

Love the ending! Some good hope in there

You won't be able to they told Our Generation X in highschool that most of Us will not be able to buy a home, will be renting apartments and will not be able to retire. It's true Gen X, Gen Y and Gen Z are working for scraps.

I have made up my mind that I will retire in another country. This country is to far gone now and the cost of living is not going to come down. I live in Colorado and they are building houses like crazy yet homes here start at 400K for the base model. Salaries have gone up, but not to where we can afford a home unless you have two or more incomes.

We bought in 2015 and our house has more than doubled in value. Now I have all these people sending us offers wanting us to sell. It’s probably going to be converted into a duplex so both my sons will have a place to live when my husband and I are able to get something small. Or an old people community.

Property Tax on a 400k house here is about 1 percent so 4000 bucks. Not 600. Then fire liability insurance is say just 2 grand. Then if you want wind hurricane insurance that can be 4 to 8 grand more. So having full insurance plus taxes is more like 10 to 14 grand. Well higher than 600 bucks. Then when the home is older maintenance costs per year are higher too.

I understand supply and demand. But help me understand why it would still cost me about the same to BUILD my own home instead of buying. The cost of empty property is just as ridiculous.

I’m Gen-z and I don’t think buying a house is even worth it at this point

More supply occurs by forced selling

People have to consider leaving expensive properties, and go live in a cheaper state, or just have everybody live together like people have been doing for millions of years. People don't have any other way to survive, if you're just a normal person and you're not a tech millionaire It's amazing that we went in one generation, from an amazing economy where somebody could basically buy a house for nothing, to the next generation having a good jobs and just surviving Obviously something has to change unless people want to have nothing and die at work

Remote job move somewhere cheap is the only hope.

Just curious, what do you even do in retirement? People say they need to save up for retirement, but I can't see myself in retirement

I tell you: A lot of us will end up in forced early retirement, due to job requirments or health issues. Both situations will lead into a financial disaster... and the big rest will work until death.

I'm not even planning for retirement. Sure, I have a 401k, but it ain't going very far.

We won't

This narrative that everything is Boomer's fault is so toxic.

good to see you again

Hey brother. Gen Z reporting in. Equity is an odd topic to start the conversation with. Let me tell you, I have never once considered equity in my home ownership fantasies. It isn't even a topic worth considering. The only thing about home ownership I think about is that it's mine. Because I, along with the vast majority of my cohort, own NOTHING. Not a single god damned thing. I don't own my house, I don't own the land it's on. I don't own the car I use to get to work. I don't own the phone I use for said work to tell me to come in on my day off. I don't even own the engineering degree I have. Because that's a loan that's going to stick with me for decades. Equity? Who gives a fuck. I just want something that's mine.

Answer is unless there’s a form of UBI, there’s next to no chance of retiring and with the AI on the horizon expect probably more to end up homeless than think of retirement.

I've been listening to you you have been right on point every time all of a sudden you're talking about Millennials and gen Z retiring are you kidding me let me guess you got a crystal ball and you can see 50 years into the future

Those fancy gated apartments? They’re like a high-end jail, but guess who’s paying the bills? And what else you gonna do, buy a house? 😂 good luck!

They will stop spending $100 at Chili's every week or month.

Then you may think, "Well screw it, ill just buy a trailer for $50K and save an absolute boatload for retirement". Then you discover lot fees in many trailer parks are 800-1100 fucking dollars, for a shitty trailer!

With great effort.

It's sad how traumatized by debt Millennials are. Our Baby Boomer parents taught us this terrible financial philosophy. I have hope that Millennials will figure out how to pay off their debt and recognize what matters.

Gen X: That's the neat part, you don't! Just like the younger of us!

Is college even worth it if I’ll be going into debt and even if I got out there without debt , shouldn’t I just go straight to working, learning a skill, and put that estimated money into investments instead?

I plan on working until I die. Putting all that aside so my children can live a good life and retire.

I'm going to tell you who's going to be the home owners in your future; all the people who took up trades. First, they have zero student debt. Second, they're already making close to, if not already over 100k. If their union, they're going to have medical insurance, pensions, and annuities to boot. Third, they already have a built in side hustle they can even continue to do when they retire.

A boomer would roll up his sleeve and build a house. Geeezzz

It looks like a van in the desert

So did i just gear an infomercial?!? I thought this video was about changing and revolutionizing the status quo. Then i hear the youtuber talk about how to meet and accept the status quo thru listening about how to do that. Which is it? Are u mad or accepting?

in reality there should have always been more apartments the demand is stupid high for the amount of people needing a place to live.

Owned home and paying around $600 in property taxes? Am I hearing this right? Not here in NY! My father owned a house in NY and paid about $1100 /month just on property taxes alone. I may be wrong…it could be more. I’d have to ask him. He sold his house in 2019 and retired down in Mississippi. I wish he lived closer, not some 12-15 hours away. Anyhow, he’s doing good there financially. As for me and my millennial generation, we are screwed.

It’s looking like once it’s time to retire, you have to leave the US and go live somewhere cheap like serbia 😂

The writings on the wall, we won’t get to retire. The older generations sold us out.

I wonder how many RU-vid channels or Tik Tok channels build a home? There can be 100-1 million channels complaining about home prices but if no one picks up a hammer, trowel or drill, then few homes will be built, raising prices. “I don’t want to break my body by 30”. I also want an affordable house. Nobody is entitled to another’s labor. The roofers sweating in the sun, or drywall crew breathing in dust are happily getting their small percentage of the average $450k home price. If it goes higher, so does their wages As far as rent prices: mom and pop renters rarely raisers rents dramatically to good renters. But y’all trashed their properties and demonized landlords. So the solution was for individual owners to sell out to REITs, who in turned raised rents, think of REITs as a union of landlords.

Im a boomer and you are right. Another tio: sleays buy a 3 yr old csr and deive it for at least 10 years

Inflation, the higher cost of food and housing effects every generation. Vote and choose better politicians.

millennials should run for office and millennials should vote them in.

This is why we need major zoning reform so starter home priced multifamily is allowed to be built. We need something between a large expensive house and renting.

Is that Charles Hoskinson speaking?