Thread

1. DarkNova6 · 1790255345 · focus · HN ↗

   I am more and more convinced that young people have a much better understanding of technology and especially its impact on society.

   1. Insanity · 1790255666 · focus · HN ↗

      I think there’s 2 factors at play. 1) they grew up with technology rather than having it introduced later in life and 2) they grew up with a version that is arguably quite negative.

      For e.g millennials, we didn’t have internet until our teens, and the early years of the internet looked very different from the ad-infested hellscape that it is today.

      1. amelius · 1790256309 · focus · HN ↗

         Those younger generation are in a really dark place right now. In many cities they will never be able to afford a house; and on top of that AI labs are now saying they will never have a job.

         1. KPGv2 · 1790258143 · focus · HN ↗

            > In many cities

            In like five cities in the USA. I live in a top 10 city by population in the USA (so it's not "flyover"), and the median home price is 288–319, while median HHI is 89. That's easily in the recommended home loan range of 3*HHI.

            Look, I'm sorry you can only be happy living in SV, but there's plenty of jobs in the boring parts of America, and the homes are affordable.

            All that being said, homeownership is largely a scam, financially. Use your downpayment as a market investment and rent. You'll end up with more money when you retire, and as a bonus, you aren't tied to one geographic location if you lose your job.

            The only reason apartments can even exist is because of economies of scale. If you have one rental property, it's virtually impossible to make money (certainly not in a way that outpaces index funds) because you don't have the economies of scale at your disposal.

            1. garciasn · 1790260328 · focus · HN ↗

               Your entire premise is one that's missing important context. Based on the numbers you provide, you're probably in Chicago or Dallas, maybe Austin, but that's pushing more like 400K.

               Homes in the median are generally not viable unless you don't have a family or don't care about quality schools. In my city (90K), two houses that are identical but divided by the school district boundary between rank #1 and rank #265 out of 359 is a difference of $300K. One would be within the median and the other well above.

               And let me be clear: ALL HOUSING IS A SCAM FINANCIALLY. Rent screws you one way and housing screws you another.

               1. Izkata · 1790281061 · focus · HN ↗

                  Median income probably also matches closer to Millennials, not Z and certainly not Alpha.
               2. ndriscoll · 1790360678 · focus · HN ↗

                  "Quality schools" are almost entirely about the student body, so it doesn't really make sense to say median schools aren't viable for the median family. Obviously you're not going to get a ton of doctor, lawyer, engineer, etc. kids at a median school because the median person is not one of those things, and those people tend to care about "quality schools" i.e. living near each other and away from the median.

                  1. [deleted] · 1790366926 · focus · HN ↗

                     [deleted]

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