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9 months agoThe 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.
I remember companies doing this with cloud services.
CEO: Get rid of everything on-prem, the cloud sales person said cloud is cheaper!
First year cloud coats are more than 3 year depreciation of on-prem equipment
CEO: Huh…welp it’s impossible for me to be wrong, so we’re just going to say it was cheaper.