Millennials can barely afford their own bedroom

Posted on December 31, 2015 by grim

This entry was posted in Demographics, Economics, Employment, National Real Estate. Bookmark the permalink.

46 Responses to Millennials can barely afford their own bedroom

  1. grim says:
    December 31, 2015 at 7:49 am

    Happy New Year everyone! Health and happiness in 2016.

  2. yome says:
    December 31, 2015 at 7:53 am

    Need permission to use this “I’m just here so I won’t get fined “. It is officially TM

  3. yome says:
    December 31, 2015 at 7:53 am

    Happy New Year!

  4. grim says:
    December 31, 2015 at 8:00 am

    From the Record:

    New housing in N.J. headed for best year since 2006

    The housing industry is on track to build the largest number of homes in New Jersey this year since 2006, with multifamily construction making up a record share of activity.

    According to the U.S. Census, builders took out permits for 28,114 New Jersey housing units through November, up 10.5 percent from 2014’s pace and heading toward about 30,000 units with December’s figures yet to come. That’s a big rise from the 13,000 average annual pace from 2009 to 2011, but still below the long-term average of about 37,000 a year.

    Multifamily construction has accounted for two thirds of home building through November. That’s the highest share ever seen, on records that date to 1960, according to Patrick O’Keefe, an economist with CohnReznick, an accounting firm with offices in Roseland.

    Apartment construction has driven the homebuilding recovery for several years in the state, a dramatic shift away from the suburban, single-family development patterns that shaped New Jersey in the post-World War II period.

    Builders are responding to the growing demand for apartments, as homeownership rates fell to their lowest in decades after the housing bust. More households are renting because getting a mortgage has become more difficult since the go-go years of the housing boom, when many unqualified buyers got loans, but ended up losing their homes.

    And many young households want to be flexible in case they need to move for a job. Moreover, they are not convinced that buying a home is always a winning investment.

    “They have seen firsthand that housing prices can decline, and decline dramatically,” O’Keefe said. In addition, younger households like more urban, walkable areas, where apartments are more common.

    For now, single-family builders are being more cautious than multifamily builders.

    “They’re not going to undertake any speculative construction,” O’Keefe said. “That’s a lesson they learned, and learned brutally, during the [housing] meltdown.”

  5. Mike says:
    December 31, 2015 at 8:15 am

    Drove through Elizabeth the other day and that town is definetly contributing to that number with new apartments, condos & multi families going up in many places. If millenials want to deal with some culture shock they could probably find something in their price range.

  6. Splat What Was He Thinking says:
    December 31, 2015 at 8:42 am

    Should be quite the shock when new condoshack buyers in Elizabeth take young Junior to register for skool.

  7. Mike says:
    December 31, 2015 at 8:48 am

    Reading the Cosby story this morning, and I’m remembering back in the day when the Cosby Show was filmed at NBC studios in Brooklyn my friend would get me in to be part of the live audience to view the filming. Watched about 20 shows.It’s amazing the work that goes into a 30 minute sitcom, not even when you subtract for commercials about 24 minutes. Actually did two filmings an afternoon and evening with an average of 3 hours a piece than the best of the two are combined. The moving from set to set, multiple takes, who forgot their lines and so on alot of work. Bill would rarely forget a line, he also would talk to the audience during set changes. Remember in between one taping one of the female stage hand’s was walking around with paperwork and Bill sneaked on her and grabbed her butt, papers went fling eveywhere while the audience was laughing. Not forming an opinion though

  8. No Billionaire Left Behind (the good one) says:
    December 31, 2015 at 8:56 am

    @JudahWorldChamp

    An unarmed bill cosby was arrested by police today. and they didn’t shoot him. #progress #BlackLivesMatter

  9. Ottoman says:
    December 31, 2015 at 9:02 am

    Because the only people who buy condos are white hipsters with kids named Ragweed and Emmeline?

    “Should be quite the shock when new condoshack buyers in Elizabeth take young Junior to register for skool.”

  10. Ottoman says:
    December 31, 2015 at 9:04 am

    Because the only millennials who count are white suburban kids?”

    “If millenials want to deal with some culture shock they could probably find something in their price range.”

  11. NJCoast says:
    December 31, 2015 at 9:14 am

    All it took was working with Bill Cosby once to know I would never work with him again.
    After someone working with me couldn’t give him the answer to some inane question he called her stupid girl the rest of the day. He complained that there were not enough minority stage hands and insisted that somebody be sent to the city to pick up food at his favorite restaurant. Arrogant, racist, demeaning and grumpy. I told the promoter to get somebody else the next time.

  12. grim says:
    December 31, 2015 at 9:15 am

    9 – The stupid name trend transcends white hipsters.

  13. Splat What Was He Thinking says:
    December 31, 2015 at 9:17 am

    Maybe Ottoman was one of the gals Cosby groped.

  14. Splat What Was He Thinking says:
    December 31, 2015 at 9:18 am

    Call me when placenta encapsulation becomes a growth biz in Elizabeth.

  15. Splat What Was He Thinking says:
    December 31, 2015 at 9:19 am

    Any truth to the rumor that Chi now has a job that requires him to work?

  16. The Great Pumpkin says:
    December 31, 2015 at 9:48 am

    Don’t know how true this is, but pretty messed up. The Clinton’s are more powerful than I ever thought and are as ruthless as they come.

    http://whatreallyhappened.com/RANCHO/POLITICS/BODIES.php#axzz3vuKS72mN

  17. The Great Pumpkin says:
    December 31, 2015 at 9:49 am

    “Ron Brown

    Former Chairman, DNC; Commerce Secretary

    Died: May 3, 1996
    Ron Brown died along with 39 other people when the T-43 (a converted 737 used by the Air Force) carrying the group on a trip to Bosnia crashed while approaching the Dubrovnik airport. On the verge of being indicted and having stated publicly his willingness to make a deal with prosecutors, Ron Brown’s death brought to an end his ability to testify. The very next day, Ron Brown’s personal lawyer was murdered in a drive-by shooting. A few days later, the Air Traffic Controller who had been in charge during the aircraft crash was found dead and declared a suicide”

  18. The Great Pumpkin says:
    December 31, 2015 at 9:50 am

    “Suzanne Coleman

    Had affair with Clinton when he was attorney general of Arkansas.

    Died: February 15, 1977
    Died of “suicide” with gunshot wound to the back of her head. No autopsy allowed. Was 7 months pregnant at time of her death. She had told friends it was Bill Clinton’s child. (See Danny Williams). She was 26 at the time of her death.”

  19. Juice Box says:
    December 31, 2015 at 9:55 am

    wow – “To date, Trump appears to have spent only $217,000 on advertising—compared with $41 million spent by Bush and his allied super-PAC”

  20. Ragnar says:
    December 31, 2015 at 10:07 am

    Pumpkin,
    Don’t forget Vince Foster.

  21. Ragnar says:
    December 31, 2015 at 10:19 am

    On Cosby. In certain respects he was a comic genius, and he had some wise words over the years as well. Like many people, looks like he wasn’t very good at living up to his words.
    Another thing – google some photos of Andrea Constand. That’s the most dude-looking chick I’ve seen in a long time. She said that Cosby didn’t pick up on her gayness. I’d say he must have been going blind, I’ve seen football players with less masculine looks than that lady. Of all the gals to get thrown in jail for…

  22. Ragnar says:
    December 31, 2015 at 10:33 am

    Bush is wasting money. I’ve seen some of his ads. Pointless. At this point I’m assuming he’s just spending this advertising money as a way to channel money to his allies. They must make some money when he spends it.

  23. Fast Eddie says:
    December 31, 2015 at 10:50 am

    I think Bush is in denial. He thought the nomination was just a formality. On the other side, I can’t believe that Hillary the b1tch is just handed the nomination. Are there no ground-breaking leaders? I like Trump because he’s saying what most people are thinking.

  24. Fast Eddie says:
    December 31, 2015 at 11:02 am

    “Because the only millennials who count are white suburban kids?”

    Unless the off-white kids have a mother and father to guide and discipline them, that’s basically the way it’s going to be.

  25. leftwing says:
    December 31, 2015 at 11:30 am

    Re: Cosby.
    CBS This Morning is so PC blind that the hosts grill Cosby’s lawyer hard on how she will defend the ‘accusations’ by ’50 other women’ in the case. His lawyer, a woman, goes through great pains to explain there are no accusations, just unfiled allegations of potential prior bad acts that are not admissable. The concept goes over the hosts’ heads completely. Guess you need to be a female s1ut for the hosts to tsk tsk and scold when any whiff of prior bad behavior comes up in legal matters. Heaven forbid anyone questions the backgrounds and actions of all these college girls claiming rap3.

    Really like his lawyer. Big set of ba11s, grab the bull by throat type.

    Re: Clintons
    Pumps, that’s part of the reason I avoid your posts. Your search for the ‘good’ people in politics and power has all the wide eyed wonder of a baby seal looking at an impending club, and the same outcome. There are no good politicians, only good political systems that limit the bad these sociopaths can do.

    That’s why I align with the right. If they are going to knife you they do it in the gut in the daylight. The left coat everything in righteousness and act like they are in your corner, then sneak in the window and smother you in the dark of night with your own pillow.

    Happy New Year all!!

  26. Essex says:
    December 31, 2015 at 11:56 am

    Duuuuuude. Please don’t hate me for saying this but, America does bad stuff under both administrations. Please don’t be the baby seal here and sugar coat it. Being knifed in the dark or broad daylight? Man. Your tinfoil helmet is cranked to 11. Happy New Year —

  27. leftwing says:
    December 31, 2015 at 12:05 pm

    SX, saying the same thing? They’re both wh0res and bast@rds.

    The knife and smother references were not to be taken literally, no?

  28. Essex says:
    December 31, 2015 at 1:16 pm

    27. OK. Sounds Legit.

  30. nwnj3 says:
    December 31, 2015 at 1:21 pm

    #21

    Had to read that twice to make sure you weren’t talking about Bill CLINTON. Definitely quantity over quality guys.

  31. The Great Pumpkin says:
    December 31, 2015 at 1:22 pm

    Might be my favorite line from this blog in 2015, and it arrived on the last day. Powerful statement. Wish they could teach this in school. Teacher would be dead on arrival for stating the truth.

    “There are no good politicians, only good political systems that limit the bad these sociopaths can do.”

  32. The Great Pumpkin says:
    December 31, 2015 at 1:23 pm

    If your vote actually mattered, you would get to vote on laws.

  33. nwnj3 says:
    December 31, 2015 at 1:24 pm

    Come to think of it there isn’t much difference between either Bill when it comes to their predatory nature. But have chased down a few dogs back in the day. I can only imagine the excesses that slick Willy allows himself these days.

  34. The Great Pumpkin says:
    December 31, 2015 at 1:24 pm

    That’s the real power.

  35. chicagofinance says:
    December 31, 2015 at 1:26 pm

    RE/MAX
    Outstanding Agents; Outstanding Results
    Liberate Tuteme Ex-Inferis
    https://www.youtube.com/watch?v=pJAFuEuBqsE

    Splat What Was He Thinking says:
    December 31, 2015 at 9:19 am
    Any truth to the rumor that Chi now has a job that requires him to work?

  36. Juice Box says:
    December 31, 2015 at 1:32 pm

    Happy New Year! Just changed my air filters for my two units today, had to go to plumbing supply store too Home Dept and Lowes do not carry 20 x 25 x 5 Merv 8 filters in-store.

    I did not know there was such a wide range of filters, so I leaned something new. Merv scale for filters.

    http://www.ontimeairfilters.com/air-filter-merv-rating

  38. Grim says:
    December 31, 2015 at 2:29 pm

    Or the right ride under the right circumstances

  39. 3b says:
    December 31, 2015 at 3:18 pm

    Yesterday millennial s were going to be all moving back to the suburbs today they can’t afford a bedroom! Just saying.

  40. Marilyn says:
    December 31, 2015 at 5:22 pm

    40 , yes that’s just what I thought. I thought they were all ready to leave the nest.

  41. Marilyn says:
    December 31, 2015 at 5:23 pm

    Happy New Year, another sober one for me. Thanks for all the support. I found it in the mostly unlikely places from the most unlikely people but some of you on here have helped me quite a lot. I appreciate all the good advise.

  42. Hughesrep says:
    December 31, 2015 at 6:05 pm

    Stu

    Find your leak?

  43. Comrade Nom Deplume, in a place anon can't afford says:
    December 31, 2015 at 8:40 pm

    Happy New Year everyone.

    Even the tools like Otto and anon.

  44. Splat What Was He Thinking says:
    December 31, 2015 at 10:54 pm

    gary (23)-

    The cartoon characters in South Park also say what most people think. That doesn’t qualify them to be prezident.

    “I like Trump because he’s saying what most people are thinking.”

  45. Splat What Was He Thinking says:
    December 31, 2015 at 10:57 pm

    Marilyn (41)-

    No doubt we ground up some 8-balls back in the day. :)

  46. Libturd at home says:
    January 1, 2016 at 12:15 pm

    Going to check today. Was too busy partying.

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