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.

CEO of a company that is actively making it harder for people to afford housing.

I don't buy Starbucks ever. Where's my home?

Holy shit that was tough to finish that article. There are so many quotes from this idiot that are just fucking nonsense. Here are my top three:

“It is just as tough,” Liebman exclusively tells Fortune. “Back then, it was more difficult in some ways because you had less neighborhoods that people would live.”

Plus, she says, never has there been more opportunity at young people’s fingertips—not just when it comes to inventory on the market: “If you’re not afraid to show off your skill set, and you try and find yourself an opportunity where you’re going to be appreciated and where people are going to allow you to expand your horizons and hopefully add value to the company that you’re at, I think it’s an unbelievable time.”

“It’s not that expensive,” she adds. “So if you’re willing to move around, which people are now, I think that there are definitely opportunities out there… You’re going to secure a much, much less expensive apartment than if you are insistent on being in the West Village.”

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

I agree that buying your first home takes some sacrifices. But the sacrifices even 20 years ago were significantly less than they are now, let alone 40 or more years ago. I would hope that someone in her position would understand that it's not about saving $5 or $10 a day on Starbucks, or even buying a cheaper phone. The disparity between income and home price is just completely different.

Median household income in the US in 1980: $21000
Median home price: $47000 (2x)
Edit: $62000 (3x) is probably more accurate.

Median household income in the US in 2000: $42000
Median home price: $163000 (4x)

Median household income in the US in 2020: $67000
Median home price: $327000 (5x)

It doesn't take a genius to see the discrepancy here. That's a lot of fucking Starbucks coffees to not buy to make up the difference.

Note: I'm using US numbers because of the context.

Stupid fucking bitch.

Stop buying Starbucks coffee

Ah shit, here we go again...

I have no idea who this person is nor why I would possibly give a shit what she has to say about anything.

Boomers needed houses 50 years ago.

Gen X needed apartments 30 years ago.

Now you need a nice Transit Van.

Can someone make sure she’s already on the menu? Move her up the list a bit.

2016 - millennials should stop buying avocado toast

2025 - gen Z should stop buying Starbucks

2034 - gen alpha should stop buying socks

Rich idiot says dumb shit is not news.

Dumb cunt.

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.

47 year old here.

Shut the fuck up you lying shit.

I want to punch every rich motherfucker who blames it on coffee purchases in the neck.

Oh look it's an out of touch white woman giving advice.

Yeah.. I read the entire article, SOME of what she's said isn't too off the mark.. Starting out with roomates and scrimping at first.. but crabbing that someone buys coffee? Seriously?

Naah sis, you're missing the main point.. and that is percentages of income needed to get into a home today are multiples of what they were when you were starting out. Fuck that shit. Also, housing stocks were better and it had less to do with the number of units on the market, but that the market wasn't dominated by equity firms and REITs.

My biggest beef with housing was once they put the "no money down" equation into the mix, the prices soared.

The 0.01% has stolen $75,000,000,000,000 from US workers over the last 45 years, but sure.

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.

Those teeth look primed to be turned into a necklace.

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.

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

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.

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.

How much Starbucks do these rich assholes drink to think stopping that purchase would get me my own home?

30 years ago??? in 1995. That was a great market and boomers bought way before that.

Coffee is not the problem, CEOs are

Let's sink some yachts.

Stop buying everything. Trade shit. Food? Ok, buy that and nothing else. Let it all burn.

Oh, look. Another out-of-touch moron, with a useless opinion.

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.

im sure her name was just added to a few peoples lists for that statement.

I haven’t had a drip of Starbucks coffee in my entire life

This is literally a Starbucks ad for boomers.

"900 corporate staffers were also laid off as part of a $1 billion restructuring following six straight quarters of sales decline.".

The idea that spending on coffee or avocado toast or whatever single food/drink item is causing a widespread drop in home ownership is idiotic enough, but this absolute moron managed to pick something with hard evidence of declining sales.