this post was submitted on 30 Apr 2026
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55% of millinials own a home. This is down from about 59% of gen x.
Y'all need to touch grass. There is a downward trend, the bottom didn't fall out.
It took us longer to get here, and we're worse off. Everyone can feel that. People remember their childhoods with occasional vacations and things we might see as luxuries today.
More to the point, class of 2000 here, but they told us Social Security would be insolvent from the time we were teenagers, "don't expect to get anything." We know now that was actually political psyop designed to get us ready for them to kill social security. But it's coming to pass - 6 year from now benefits will be cut 40% if nothing changes.
A lot of folks my age, myself included, had to suffer multiple once-in-a-lifetime crises like 2001, 2008, plus medical events and other emergencies that liquidated retirement plans. So even those who were saving often lost it all, maybe repeatedly.
I am not eager to see my final vision fulfilled, which is a bunch of tatted up, screen addicted old people jammed into the worst elderly housing projects without serious medical care, just cubes for us to die in cheap, while we play N64 and get stoned together and try to live on a bag of potatoes for 2 weeks because climate change is wreaking havoc on the food supply.
But yes, touch grass.
No, 55% of millennials own a home or have a mortgage. These are not the same thing, though they are counted the same by most statistics, especially those that want to pretend the economy hasn't gotten progressively worse since 1968 which was around the peak of America's golden age economy.
If you have a mortgage, you do not own your home. It can and will be taken away from you the second you are disabled or otherwise out of work. Over a fifth of chronically homeless Americans were 'homeowners' at one point during their lives. Until you have a paid off home you have no possible financial security. You're infinitely better off than anyone renting, but you are not as good as a boomer who had their home paid off within five years of starting their mortgage.
Less than 1% default. 🤷♂️
That's 2 million people a year btw.
And nowhere close to societal collapse.
My disability insurance would pay off my house and my car. A HELOC would cover several thousand dollars worth of emergency expenses.
I haven't paid off my mortgage yet, but I own a very large percentage of my home.
You overgeneralized well beyond the point of absurdity.
No, you have an incredibly, ridiculously privileged rich-person life style that cannot apply to the vast majority of people. I don't know why you think medical bankruptcy is the number one form of bankruptcy in the country and why over half of homeless people are disabled, but it's not because most people can magically finance themselves out of the crippling reality of the economy.
This is a false statement. You predicated your argument on this false statement. The rest of what you said has a modicum of truth, but the core principal you used to prop up your argument is false.
Just go back and re-base your argument on something other than the idea that a house isn't owned until it is completely paid off. Drop that claim, and the rest of your point is perfectly valid. Keeping that claim undermines your credibility. You don't need that claim to be true to make your point; there is no sense in dying on this particular hill.
You ok there, bud? Having a bad day or something?