Name: Boomers Have Turned Gen Z & Millennials Into Forever Renters #383
Uploaded: 2024-03-14T16:00:46.000Z
Description: Watch the stand-up comedy video 'Boomers Have Turned Gen Z & Millennials Into Forever Renters #383' from The Tim Dillon Show on Comedy Buff. Published 2024-03-14. Transcript available.

Watch the stand-up comedy video 'Boomers Have Turned Gen Z & Millennials Into Forever Renters #383' from The Tim Dillon Show on Comedy Buff. Published 2024-03-14. Transcript available.

Wall Street Journal is now profiling a man who is super commuting from Ohio to
New York City
every week. He doesn't live in New York, but he basically said to himself, hey,
what am I really
going to do? Let's watch this because this is a good, this seems like a good
life.
New York. To get to the office on time, I set my alarm in Columbus for 4.15 a.m.
and then
hustled to the airport for a 6 a.m. flight. If everything goes to plan, I
should make it to
the office by 9 a.m. I moved out of the city during the pandemic to be closer
to family and when it
came time to return to the office in 2022, I didn't quite want to return. There
were no good
apartments within my budget and I liked Ohio because it meant walks with my
sister and short
drives to see my parents. So after doing some math, I thought I could keep my
living expenses,
super commuting plus an apartment in Ohio at around $3,200 a month or about the
price of a nice
New York studio. I've used points and miles to book flights and hotels, but
ultimately ended up going
over budget by 15% and relying on the kindness of friends who let me house sit
in the city.
I've been doing this trip once a week for over a year. I still like living in
both places.
Can you imagine getting that call that that guy wants to house sit again? Like,
first of all,
he's a serial killer. He's living in Ohio so he can go on walks with his sister.
What does that mean?
He's a killer. The guy's a killer. He seems like a murderer. I live in Ohio. It's
nicer. It means
walks with my sister. Play the rest of it. But I'm not sure how much longer I
can keep this up. But for
now, I just made it into our office. It's 9 51. It's time to start the work day.
Yeah, I don't, you know, I, I, I, I, I, okay. It's like, yeah, great. People
commute all the time.
The majority of people's life is commuting. That's the majority of what people
do.
That's really what it is. That's why people listen to this show and other shows
because people are
always commuting. They're always going from one place. They don't want to be
home to another place.
They don't want to be work. And yeah, good for him. I mean, listen, if he
enjoys, and I'm sure he
doesn't, but if he finds this is a financial, financially feasible thing, then
do it, do it.
Who cares? I'm sick of judging people's lives. You know, the other way to do it
on, uh, is being a,
uh, forever renter. Somebody is saying the average age of a renter now is 33
years old. It was 29 a
decade ago. Owning stuff ain't for everyone. I mean, I think you should, uh, it
should be the
goal, but it's not for everybody. So, you know, there's a lot of people that
don't want to buy
houses. Very difficult. And they don't have the money and they might not want
to, the responsibility to
buy houses. So what they do is they rent houses, you know, and, and here's the
deal.
The real estate expert said that a portion of forever renters are of the higher
end demographic
and have an eye for apartments with large scale rooms, sophisticated aesthetics,
and kid friendly
amenities. So basically they're like, listen, we, we just, we don't want to buy.
Um, that's not where we want our money. We, we don't care. We'd rather rent,
you know,
if you're, if you rent, you just always are, you know, you don't have that
security. Somebody can
always raise the price on you, you know, somebody could always come in there
and go, Hey, I mean,
this is happens to friends of mine who live in Brooklyn. They live in these
little dumps, you
know, these things you'd never want to lay in your life. You would never want
to live in these
places. You would never want to live in these places, but, but every year they
have to pay
like $800 more a year for these apartments because the real estate market in
New York is psychotic.
He would never, you would never want to live in these places, but every year
they, they just
go, I got to do it. They have no other option. That's the thing. If you don't
have any other
option, you know, then you just have to kind of, I think a lot of people are
over real estate
anyway, as a, you know, people understood, like when, you know, when the boomers
got it
and then they went on that amazing ride with it, nothing appreciated more than
real estate.
And I know very few things do, right? I mean, if you have a great run in the
stock market,
you can, but real estate is still a very good investment. But I think younger
people don't
look at it as glamorously because a lot of them saw their parents get divorced
and fight
over a house or they just remember a house as a place where somebody had a
Halloween party
and everybody killed a kid in Arizona, you know, like it's not always, it's not
always
all amazing the memories that people have in these homes. And I'm sure they
never were.
Most apartment buildings, especially over the last 10 years have been targeting
a 27 year old
and they have orange doodads as the design theme. I don't know what that means.
We have a mid-Atlantic focused portfolio. Our average renter 10 years ago is 29.
Today,
it's 33. Soon, it'll be 70. Soon, people will live longer and they will just
rent and they will not
buy a home. And you know, because everything is so out of control in terms of
money.
I've talked about it on the show outside of forcibly evicting boomers from
their houses
and putting them in mental institutions and then putting those houses on the
market.
I don't know what else you can do. Truly, I don't know what else you can do.
They won't stop or retire. It doesn't seem to be happening. They certainly don't
want to sell
till you're just going to have to deal with the apartment, you know, until you
regroup,
till Bitcoin's up. Bitcoin's going back up. It's going back up. Get on the ride,
get the house if you want.
Yeah.