30 years ago??? in 1995. That was a great market and boomers bought way before that.
this post was submitted on 23 Oct 2025
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What could a house cost? $10?
Oh, look. Another out-of-touch moron, with a useless opinion.
This is some let them eat cake bullshit disguised as ignorance off her own industry. I'm not even sure who the fuck this messaging is for.
Rich boomers who are starting to suspect that they destroyed the world and need someone to tell them everything is fine, every single person under 50 is just whiny and lazy.
Moron, return to the 1950's and 60's, because that was the height of US consumer buying power.
I love whatever program it is that is job-placing these otherwise unemployable idiots.
Stop buying Starbucks coffee
They already did lmao, my old town was cheering because two Starbucks locations went out of business and got replaced by local cafes lol.
Although tbf that was in SE Michigan which exploded in the cafe business after Qawah house started a chain reaction by accident.
im sure her name was just added to a few peoples lists for that statement.
47 year old here.
Shut the fuck up you lying shit.
Can someone make sure she’s already on the menu? Move her up the list a bit.
She got added to the Italian package.
How much Starbucks do these rich assholes drink to think stopping that purchase would get me my own home?
Giving rich assholes more credit than they deserve: this advice is from the 90s. Boomers had to tighten their belts, pick up extra shifts, and scrimp and save to get a down payment for a "starter home". If someone one is a fucking idiot who doesn't understand anything about the economy for the last 30 years, they tell their kids and grandkids to do what they did...there's no such thing as a systemic issue, all you need is grit and give the manager a handshake yadda yadda yadda.
Isn't everybody drinking 25,000 worth of Starbucks a year?
To be fair...back in the 90's, all you had to do to afford a mortgage was to stop drinking Starbucks.
there are actually people who get it more than once every day on average, literally a hundreds of dollars a month expense
and the fucking dumbest part of it is that that's still not enough to put a dent in a downpayment
The 0.01% has stolen $75,000,000,000,000 from US workers over the last 45 years, but sure.
ok, avoiding starbucks is easy because six fucking dollars for a coffee so they can pay their CEO 6,660 times what a barista makes, just so he can fly between seattle and sfo DAILY, yeah, that's easy, but that's not going to transform the entire fucking economy.
what boomers faced 30 years ago? lol, record low interest rates, cheaper education, much higher % of union participation, help me out here what was the rough stuff the boomers went through 30 years ago?
NO FUCKING TELL ME I WANT TO KNOW
Boomers bought their houses in the '70s and '80s when the interest rates were 15%. It's a big part of why the houses were cheaper for them.
Not giving them a pass. They did have what is likely the easiest economy in American history, but they didn't have record low interest rates.
valid
In 1970 the median house was about 22k and median income for white families was 10k mostly via a single earner.
Minorities were of course fucked as usual.
You could save up and outright buy. Now a median household is 80k with 2 folks working looking at 800k anywhere near the jobs they work. With interest of course its more like 1.6M
I more or less agree. The home price to income ratio in the US bottomed out in '74 at 3.62-ish. A healthy economy is between 4 and 5. The peak of the housing bubble was 6.78. Today it's around 7.05. We are beyond cooked and this lady is out of her mind.
That's a legitimate frustration. We don't need to pretend interest rates were at a record low for the boomers to validate that.
They had to watch women, black people, queer folk and transgender people exist and they were scared.
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If a boomer was buying a house 30 years ago, they were between 32 and 50 years old. They were not buying starter homes 30 years ago. They already had equity.
I was well alive and conscious back then. There was no crisis and home ownership was carefree. The 99's were awesome. She's just a lying removed. Boomers never faced any real challenge besides poor brown kids.
So was I and there was a long recession from 90 to 92. Unemployment hits 7.8% and I believe there were a record number of people on food stamps. It's what made George HW Bush a single term president.
Their economy boomed under Clinton and with the dawn of the internet, but even then middle-aged boomers Warren tech savvy enough to repo the full benefits.
None of that is to say they didn't have it far easier than millennials and zennials. They did. But disliking them doesn't mean we have to overlook the facts. They were challenges along the way.
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Stop buying everything. Trade shit. Food? Ok, buy that and nothing else. Let it all burn.
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Some of us aren't buying Starbucks you dumb twat. But bills still keep escalating. We don't need just Luigi. We need all of the Super Smash Bros.
The median price of a home in the U.S. is about $460,000.
Let's say by some miracle someone is able to put 20% down to avoid PMI so the cost is now $368,000. On a 7% 30 year loan your monthly payments will be $2,448/month.
So if those darn Gen Z would stop spending $80, literally every day, at Starbucks, they could afford a home.
People that say shit like this are wealthy enough to be completely out of touch with reality.
Sounds about right. Real world numbers... I financed ~317,000 for my house last year at a really good rate for the time (6.51%) and my monthly payment for the house was about 2100 a month. Add in insurance, taxes and PMI (basically no one my age has 60k laying around) and I'm sitting at 2500 a month.
Sounds insane considering the "luxury apartment" I left was 1550 a month, but the rates apartment managers are charging go up ~300-400 bucks a month when your first year is up. So in a few years, this house will be much cheaper than that shitty apartment.
Extra reason why this is dumb... Not buying a coffee will save you 3800 bucks a year. My house went up in value ~10k this year. Not buying coffee for a year doesn't get you closer to the house. The real answer is we need a maximum wage cap, and anything above that cap is taxed at 100%. Companies need to be forced to pay workers appropriately for their work.
it's one latte, michael. what could it cost, $80?
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Who is drinking Starbuccks in 2025? Just last month Starbucks closed 400 stores and laid off 900 employees in North America.
This will inevitably become "Gen Alpha is killing coffee shops". Fewer Barista jobs are available. The small, local coffee shop that is a nice quiet place to hang out or meet up with friends closes.
The problem is ghouls like her scraping value off the top of everything and hoarding that wealth like a dragon. Removing it from the system so their own personal number goes up.
2016 - millennials should stop buying avocado toast
2025 - gen Z should stop buying Starbucks
2034 - gen alpha should stop buying socks
This would have been a completely out of touch thing to say 10 years ago.
To be saying it today is a choice. It's willing and malicious. She's just provoking people deliberately because the response is what she's after.
Ignore her
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I don't buy Starbucks ever. Where's my home?
CEO of a company that is actively making it harder for people to afford housing.
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It's really fucking weird for this article to not be pointed at Millennials. Not better, kind of worse actually, and very weird. Poor bastards have it worse than we did and they're starting to become the punching bag for no reason.
It's just the sign that us millennials have gotten old enough to no longer be the young adults that these wealthy fucks punch down on
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Yeah probably shouldn’t be listening to this person
Oh look it's an out of touch white woman giving advice.
I think what we gen Z need to do is to nail her to a fucking tree and then use her as target practice. Or skin her and then use the leather we get from that so we can make a windmill that generates energy. At least that way she will have contributed something to society.
Stupid fucking bitch.
Eh, read the first little bit of the article, and bailed as soon as she was noted as saying stuff along the lines of "back then it was harder, because there were fewer desirable areas people wanted to live!".
In other words, back then you had cheaper options in the other nearby areas, which have since become unaffordable for starter homes. Nowadays you gotta move out to the middle of nowhere, where there're no jobs.
So idiot/detached CEO confirmed from my pov, her appearance at least matches her apparent personality.
Boomers needed houses 50 years ago.
Gen X needed apartments 30 years ago.
Now you need a nice Transit Van.
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