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Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises (fortune.com)
submitted 1 year ago by to c/aboringdystopia@lemmy.world
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[–] 9 points 1 year ago (3 children)

I was going over the numbers and i realized last week that I, at 30, make less money per year than my parents did when they were 30 WITHOUT adjusting for inflation. My rent and used car payments are also larger than their mortgage and mew car payments were. Coffee has nothing to do with it

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  • [–] 2 points 1 year ago (2 children)

    Yeah. It's going to be interesting when the AI bubble pops and we're all screwed.

    And by interesting, I mean it's probably going to kill a significant number of people.

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  • [–] 3 points 1 year ago (1 child)

    It's gonna be like the dotccom bubble in that only the wealthiest and dumbest investors will be hurt by it. The majority of people are too poor to actually be affected by the stock market, and all the investment in AI has been under the belief that companies can use it to replace their workers.

    Next week when SNAP/EBT benefits aren't renewed is when shit is actually gonna hit the fan

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