“The city manager said two people turned down a six-figure job after not being able to find housing”
If you had read this headline 5 years ago you would have thought it was satire pic.twitter.com/wlGwYP4Q5L
— Amy Nixon (@texasrunnerDFW) March 6, 2024
In a twist that sounds like satire but is the stark reality of today’s housing market, the city manager reveals a jaw-dropping dilemma: two individuals turned down a six-figure job due to the inability to find suitable housing. This eye-catching statement, once unimaginable, now serves as a poignant commentary on the challenges posed by the current state of the housing market.
As captured on TikTok by user fmsmith319, a user highlights the concerns echoing through the minds of millennials and Gen Zers: How can they retire comfortably without the prospect of homeownership and the looming reality of renting indefinitely?
The TikTok analysis delves into the numbers, drawing comparisons between 1994 and today. In 1994, the average house cost $130,000, and rent was a modest $450. Fast forward 30 years, and a home purchased in 1994 could now be valued at around $400,000, fully paid off. However, the forecast for the next 30 years paints a stark picture – the average house in 2054 is predicted to reach a staggering $1.2 million.
This revelation sparks a major concern about the accessibility and affordability of housing in the coming decades. As six-figure jobs are rejected due to the housing crisis, it poses a serious question about the long-term implications for the younger workforce and their aspirations for a secure and comfortable future.
"How will the millennials and Gen Zers retire comfortably if they don't own a house and are gonna have to rent forever?"
"If you look at 1994 the average house was $130,000"
"Rent was $450"
"If someone bought a house in 1994, 30 years later today that home is probably worth… pic.twitter.com/WWEGOmcDyd
— Wall Street Silver (@WallStreetSilv) March 6, 2024
Right when I need a sugarbaby too, we're so fucking back pic.twitter.com/cFSXrGN5my
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) March 7, 2024
Bidenomics! pic.twitter.com/fqSR4y9Uq8
— James Woods (@RealJamesWoods) March 7, 2024