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Posted: 5/15/2018 7:30:58 AM EST
[#1]
Everything about that story is retarded. The level of retardedness is so high it almost made me feel retarded for reading it.
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Posted: 5/15/2018 7:37:47 AM EST
[#2]
Quote HistoryQuoted:
I employ three millennials. Out of them, one is buying a home with her boyfriend - they won’t marry and it’s grossly out of their price range. She currently lives at home with mom and dad and dresses to the “9’s” every day, drives a $60K car. The other bought a piece of shit townhome for about $500K with his nurse wife. They are on their Afro divorce after about a year because she spends money like her wealthy dad is paying the bill. Husband is overpaid and living check to check with no savings or participation in our retirement program. They own three cars and three motorbikes. The last one is single, lives with mom and dad and drives an Audi A8. Dresses from Armani and the like and gets a weekly beard trim and haircut from two different boutiques. They all have the new IPhone X, the highest end Apple products and take vacations quarterly, excluding weekend trips. One had a share plan on a private jet for a white. At the end of the day, they have shown to have shit work ethic and want to live a baller lifestyle. As a partner, it saddens me because literally only one third of them even understands the time it takes to rise to a professional level, but all three live like they’re already there. Frankly, I’d love to see their credit reports. A.W.D. |
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Posted: 5/15/2018 7:39:26 AM EST
[#3]
Quote HistoryQuoted:
2k a month ????? jesus, fuck that! Quote HistoryQuoted:
Quoted:
I'm calling major BS on this. I am familiar with a youngster who's just rented an apt. in a fairly nice part of L.A., and paying $2k/mo. My excellent math skills say that's $24k/yr. Your post says the MEDIAN rent is 4x that. Does not compute. |
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Posted: 5/15/2018 7:51:05 AM EST
[#4]
Quote HistoryQuoted:
I pay a hair over $2000 for rent in a building with controlled access, valet parking, 24 hour security and concierge. I'd like to see what $8,000/mo gets you. Handjobs in the elevator? A.W.D. |
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Posted: 5/15/2018 7:54:28 AM EST
[#5]
USA today must think the vast majority of its readers are either fantastically gullible or simply retarded.....
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Posted: 5/15/2018 8:07:54 AM EST
[#6]
Bullshit
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Posted: 5/15/2018 8:09:15 AM EST
[#7]
I dont even make half of that in gross income
My house payment seems cheap now too |
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Posted: 5/15/2018 8:10:27 AM EST
[#8]
Quote HistoryQuoted:
House payment. Less then 10k annually. Anyone can sign a screwed up contract and complain about it. |
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Posted: 5/15/2018 8:14:41 AM EST
[#9]
Fuck that. I live in a 2700 sq ft brick house with a pool on 1 acre and I pay less than $15k a year including property taxes.
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Posted: 5/15/2018 8:28:04 AM EST
[#10]
Quote HistoryQuoted:
How is that possible when most Millennials still live with their parents? 
I honestly can't believe that figure. Unless they only collected data in San Fran. |
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Posted: 5/15/2018 8:33:02 AM EST
[#11]
Quote HistoryQuoted:
That number doesn’t pass first scrutiny. |
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Posted: 5/15/2018 8:35:26 AM EST
[#12]
Rent is climbing every year here. A house is in the 5 year plan.
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Posted: 5/15/2018 8:44:34 AM EST
[#13]
Yeah, horseshit. US median household income is less than $60K. For Millenials it's almost certainly even lower. Somebody is either lying or is really terrible at math.
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Posted: 5/15/2018 8:45:19 AM EST
[#14]
Sounds like someone failed at middle school math with those numbers. Pretty sure they failed the whole damn basic education requirements if they pay that much for a years rent.
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Posted: 5/15/2018 9:19:45 AM EST
[#15]
Millennials are very stupid then.
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Posted: 5/15/2018 9:22:20 AM EST
[#16]
I take the above back...OP is very stupid since it is for a 8 year period of time.
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Posted: 5/15/2018 9:26:13 AM EST
[#17]
Quote HistoryQuoted:
Maybe in San Francisco or Palo Alto. I bet USA Today just can't do math. |
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Posted: 5/15/2018 9:30:53 AM EST
[#18]
But that includes a designer coffee, latest iPhone and 4 IPAs per day as well. Because those are necessary for modern Life.
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Posted: 5/15/2018 9:35:47 AM EST
[#19]
$8000 a month rent!?!?
Something's fucky |
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Posted: 5/15/2018 9:41:52 AM EST
[#20]
Thankfully some of us have our shit together. The rest of our generation is an absolute embarrassment!
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Posted: 5/15/2018 9:45:14 AM EST
[#21]
Quote HistoryQuoted:
I take the above back...OP is very stupid since it is for a 8 year period of time. |
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Posted: 5/15/2018 9:48:53 AM EST
[#22]
Quote HistoryQuoted:
$8000 a month rent!?!? Something's fucky A.W.D. |
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Posted: 5/15/2018 9:55:13 AM EST
[#23]
Quote HistoryQuoted:
That makes far more sense. And...? 
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Posted: 5/15/2018 10:05:22 AM EST
[#24]
This thread is becoming thick with irony, and retardation
Well done on the title, OP |
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Posted: 5/15/2018 10:09:55 AM EST
[#25]
mean - the average. Add up all the numbers, divide by how many numbers there are.
median - the middle number. Line up all the numbers in numeric order, pick the one in the middle. mode - the most common number. Just telling you "median" is meaningless. You need more information about the data set for that to be remotely meaningful. The half of the numbers below the 94k, could all be $100 and you would never know. |
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Posted: 5/15/2018 10:13:48 AM EST
[#26]
Quote HistoryQuoted:
Next article: Math skills among Millennial Journalists at All Time Low! Quote HistoryQuoted:
Quoted:
Maybe in San Francisco or Palo Alto. I bet USA Today just can't do math. |
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Posted: 5/15/2018 10:16:37 AM EST
[#27]
Quote HistoryQuoted: Read How to Lie with Statistics by Darrell Huff. The book was written in the 50s but is still valid today. As I posted, median is a meaningless figure. The looked at mean, median, and mode and picked the biggest number, because most people don't understand what they mean. Adding up eight years of rent and presenting it as the number is utter horseshit. It's like when they went on about the NRA getting millions from the firearms industry since 2002. |
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Posted: 5/15/2018 10:19:31 AM EST
[#28]
Quote HistoryQuoted:
Median is actually a reasonable measure for this. Adding up eight years of rent and presenting it as the number is utter horseshit. It's like when they went on about the NRA getting millions from the firearms industry since 2002. Quote HistoryQuoted:
Quoted: Read How to Lie with Statistics by Darrell Huff. The book was written in the 50s but is still valid today. As I posted, median is a meaningless figure. The looked at mean, median, and mode and picked the biggest number, because most people don't understand what they mean. Adding up eight years of rent and presenting it as the number is utter horseshit. It's like when they went on about the NRA getting millions from the firearms industry since 2002. ETA: I agree that lying about the "total" being over 8 years is also wrong. But median by itself is meaningless. |
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Posted: 5/15/2018 10:19:52 AM EST
[#29]
Gen-xers and baby boomers fault!
One paycheck away from disaster.... me too. FBHO care. |
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Posted: 5/15/2018 10:22:47 AM EST
[#30]
My mortgage is half of what my rent used to be. 4BR House vs 2 BR Apt.
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Posted: 5/15/2018 10:23:01 AM EST
[#31]
Quote HistoryQuoted:
Maybe in San Francisco or Palo Alto. I bet USA Today just can't do math. |
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Posted: 5/15/2018 10:24:42 AM EST
[#32]
Around here rent runs between $5500.00 and $15,000.00 per year depending on where you want to live.
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Posted: 5/15/2018 10:31:36 AM EST
[#33]
lol
@ most of the people in this thread.
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Posted: 5/15/2018 10:33:45 AM EST
[#34]
Quote HistoryQuoted:
Around here rent runs between $5500.00 and $15,000.00 per year depending on where you want to live.
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Posted: 5/15/2018 10:34:47 AM EST
[#35]
>8K/month in rent?
Sounds like millenials need to move to cheaper neighborhoods... ETA they lumped together 8 years of rent for a splashier headline? Still sounds like millenials need to have more roommates and move to cheaper neighborhoods... |
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Posted: 5/15/2018 10:40:20 AM EST
[#36]
Quote HistoryQuoted:
They didnt say annual. Its $97,400 over 8 years... "your first 8 years of renting" or 22-29. Still its a stupid metric and they clearly should have re-worded given how many people got confused. Quote HistoryQuoted:
They didnt say annual. Its $97,400 over 8 years... "your first 8 years of renting" or 22-29. Still its a stupid metric and they clearly should have re-worded given how many people got confused. So annually thats $1015 a month, which actually makes sense, and is still fairly high. That's a small but nice apartment in a decent area around here (I'm in the DC/Baltimore suburbs). My first apartment cost a bit more than that (and that was 30 years ago) in CT (3 bedroom 2 bath) - I got a couple roomates and we easily handled it. I think the Millennials want a nice place but don't want (or can't find) roommates to lower the costs. |
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Posted: 5/15/2018 10:48:31 AM EST
[#37]
Quote HistoryQuoted:
No. No it's not. It tells us nothing about the range or what most people pay. Like I said, in my other post, 49% of the entries could be $100 (or even 0), and this wouldn't tell you that. ETA: I agree that lying about the "total" being over 8 years is also wrong. But median by itself is meaningless. Quote HistoryQuoted:
Quoted:
Quoted: Read How to Lie with Statistics by Darrell Huff. The book was written in the 50s but is still valid today. As I posted, median is a meaningless figure. The looked at mean, median, and mode and picked the biggest number, because most people don't understand what they mean. Adding up eight years of rent and presenting it as the number is utter horseshit. It's like when they went on about the NRA getting millions from the firearms industry since 2002. ETA: I agree that lying about the "total" being over 8 years is also wrong. But median by itself is meaningless. Mean is not used, because you have the folks paying millions for a mansion significantly messing with the mean. |
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Posted: 5/15/2018 10:49:02 AM EST
[#38]
I paid $1025 in Victory Park in Dallas. Now i'm paying 0$ living with mom and dad in VA
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Posted: 5/15/2018 10:50:18 AM EST
[#39]
Quote HistoryQuoted:
From the original article at https://www.usatoday.com/story/money/personalfinance/real-estate/2018/03/30/you-could-spend-97-k-rent-before-you-turn-30/468889002/ Rent Cafe's report found that younger Millennials are paying a median rent total of $97,400 in 2017 dollars between the ages of 22 and 29, and those who are now 30 paid a median rent total of $93,400 in that eight-year span. https://www.gannett-cdn.com/media/2018/03/29/USATODAY/USATODAY/636579477259521523-033118-Rent-ONLINE.png OP should be banned for fake news. |
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Posted: 5/15/2018 10:50:49 AM EST
[#40]
Quote HistoryQuoted:
Yeah, horseshit. US median household income is less than $60K. For Millenials it's almost certainly even lower. Somebody is either lying or is really terrible at math. |
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Posted: 5/15/2018 10:51:44 AM EST
[#41]
Quoted:
 DANG! Where are they living?!
https://www.AR15.Com/media/mediaFiles/199158/toodamnhigh-544085.JPG  https://www.youtube.com/watch?v=MdKbNrANrJsUh, no. Someone saw this story: https://www.cnbc.com/2018/03/28/millennials-spend-97000-on-rent-before-turning-30.html and then created a cute meme based on lack of reading comprehension or being disingenuous. |
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Posted: 5/15/2018 10:52:30 AM EST
[#42]
The caption says "median"...
i think they meant "combined"... |
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Posted: 5/15/2018 10:54:33 AM EST
[#43]
Quote HistoryQuoted:
Sure, they are all paying over $8k a month in rent. I gotta get me some rental properties!!! |
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Posted: 5/15/2018 10:55:38 AM EST
[#44]
I have a spare bedroom downstairs, all I need is a millennial tenant and I can retire.
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Posted: 5/15/2018 10:58:48 AM EST
[#45]
Rents are very location dependent. In my neighborhood, Lincoln Square on the UWS NYC, 1 bed 1.5 bath starts at 6,500; 2/2 is around 8.5-10 and anything larger is going to be near 15k / month.
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Posted: 5/15/2018 11:06:01 AM EST
[#46]
Quote HistoryQuoted:
>8K/month in rent? Sounds like millenials need to move to cheaper neighborhoods... ETA they lumped together 8 years of rent for a splashier headline? Still sounds like millenials need to have more roommates and move to cheaper neighborhoods... 
That's where the problem comes from |
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Posted: 5/15/2018 11:08:40 AM EST
[#47]
Quote HistoryQuoted:
Retarded MSM is going to stay retarded Meh not really That's a small but nice apartment in a decent area around here (I'm in the DC/Baltimore suburbs). My first apartment cost a bit more than that (and that was 30 years ago) in CT (3 bedroom 2 bath) - I got a couple roomates and we easily handled it. I think the Millennials want a nice place but don't want (or can't find) roommates to lower the costs. |
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Posted: 5/15/2018 11:11:39 AM EST
[#48]
Quote HistoryQuoted:
Rent has doubled in the last 20 years... have wages? https://timedotcom.files.wordpress.com/2017/06/screen-shot-2017-06-23-at-11-38-52-am.png That's where the problem comes from Quote HistoryQuoted:
Quoted:
>8K/month in rent? Sounds like millenials need to move to cheaper neighborhoods... ETA they lumped together 8 years of rent for a splashier headline? Still sounds like millenials need to have more roommates and move to cheaper neighborhoods... https://timedotcom.files.wordpress.com/2017/06/screen-shot-2017-06-23-at-11-38-52-am.png That's where the problem comes from Example: median rent (2017) for this town was $1120 for a 1BR apt. That’s high. For a 2BR, it’s $1380. By having a roommate, your monthly costs go down dramatically. By living outside hipster, trendy neighborhoods, it goes down further. Having multiple roommates sucks, but it’s even cheaper. Bottom line, there is a solution for this problem if you’re not a snowflake. |
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Posted: 5/15/2018 11:22:00 AM EST
[#49]
Quote HistoryQuoted:
Median... (number right in the middle between the highest number and the lowest number) Here is where we learn how Statistics are made to say whatever the fuck you want them to. Mean or "Average" is the number they should be seeking. Yes of course some billionaires kid will have a $20k a month rent, and there will be far more people paying $200 rent. They need to take into account many their are of each type of rent in the sample group. You wouldn't then say holy shit this is why they can't pay for things, they are paying a median of $10,100 a month. No b/c only one asshole pays 20k a month, where as there are thousands that pay $200. I like how you argue they SHOULD be using mean and then describe why using mean is so shitty for something like this 
GD mathlords at work |
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Posted: 5/15/2018 11:28:47 AM EST
[#50]
Quote HistoryQuoted: That place that you rented 30 years ago is probably $3,000-$4,000/mo now. Probably closer to $1800-$1900 |
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