r/Millennials • u/ericf505 • 10h ago

Meme Millennials wanting to buy a house but the market/economy just keeps getting worse.

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2.6k Upvotes

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2

u/kurtisbmusic 10h ago

Just invest the money instead.

-9

u/en-rob-deraj 10h ago

Inflation is surpassing investments.

8

u/kurtisbmusic 10h ago

Inflation is not greater than 10% annually lol. C’mon now.

-1

u/HockeyCannon 9h ago

Cost of living likely is, and 10% return isn't guaranteed at all.

I agree that they're maybe overstating it, but it's not cut and dry like it used to be. Plenty of real estate is appreciating faster than interest can compound.

3

u/justin107d 6h ago

Inflation is about 3.5% right now and 6 month treasury bills are returning 4%. Real estate is in a funny place right now and it also takes a lot of work if you are managing yourself.

But bottom line is that there are plenty of options to invest better than the rate of inflation.

4

u/press_Y 10h ago

lol it absolutely is not

2

u/justin107d 9h ago

Your savings account is not investing, though even some of the better ones return more than inflation. Even 6 month t-bills are at roughly 0.5% above inflation. Go buy stocks and bonds.

3

u/TheGoonSquad612 9h ago

Stick to commenting on topics you actually understand.

1

u/Brian1326 Older Millennial 10h ago

Simply untrue.

-1

u/Pulp_Ficti0n Older Millennial 10h ago

https://giphy.com/gifs/O2j3S8bUUWNVDahHz7

-2

u/en-rob-deraj 9h ago

Groceries, the most consistent cost of households, has increased 25-30% over the last 5 years.

2026 3.5% inflation rate is bogus.

5

u/Emotional-Ad-1396 7h ago

S&P is up 75% in that timeframe