CEO of a company that is actively making it harder for people to afford housing.
These jokes write themselves.
I don’t buy Starbucks ever. Where’s my home?
The 0.01% has stolen $75,000,000,000,000 from US workers over the last 45 years, but sure.
Holy shit that was tough to finish that article. There are so many quotes from this idiot that are just fucking nonsense. Here are my top three:
“It is just as tough,” Liebman exclusively tells Fortune. “Back then, it was more difficult in some ways because you had less neighborhoods that people would live.”
Plus, she says, never has there been more opportunity at young people’s fingertips—not just when it comes to inventory on the market: “If you’re not afraid to show off your skill set, and you try and find yourself an opportunity where you’re going to be appreciated and where people are going to allow you to expand your horizons and hopefully add value to the company that you’re at, I think it’s an unbelievable time.”
“It’s not that expensive,” she adds. “So if you’re willing to move around, which people are now, I think that there are definitely opportunities out there… You’re going to secure a much, much less expensive apartment than if you are insistent on being in the West Village.”
When they show you how stupid they are, believe it and remember it. The myth of meritocracy has to die.
I agree that buying your first home takes some sacrifices. But the sacrifices even 20 years ago were significantly less than they are now, let alone 40 or more years ago. I would hope that someone in her position would understand that it’s not about saving $5 or $10 a day on Starbucks, or even buying a cheaper phone. The disparity between income and home price is just completely different.
Median household income in the US in 1980: $21000
Median home price:$47000 (2x)
Edit: $62000 (3x) is probably more accurate.Median household income in the US in 2000: $42000
Median home price: $163000 (4x)Median household income in the US in 2020: $67000
Median home price: $327000 (5x)It doesn’t take a genius to see the discrepancy here. That’s a lot of fucking Starbucks coffees to not buy to make up the difference.
Note: I’m using US numbers because of the context.
Not disagreeing with the numbers but could you provide your source? I would like to use this next time my family says a house is cheap/good deal ($500k for 2b 2b in the sticks).
Found this. No idea if the same source as OP, but says federal reserve data
https://www.visualcapitalist.com/median-house-prices-vs-income-us/
Oh this is perfect. Thank you. I was just gathering numbers and had discrepancies, but this shows it perfectly.
Cool!
I did it really quick, and just looked up the numbers from searches. There might be some difference from different sources, but it’s in the ballpark.
That said, I’ve been following up on a bit and (for example) I’m changing the 1980 housing price to 62k, but the 3x still shows the issue.
Boomers needed houses 50 years ago.
Gen X needed apartments 30 years ago.
Now you need a nice Transit Van.
What’s about us Y-Geners, why are we always left out :'(
You’re the hopeless crisis generation.
Cheap RV living on YouTube is quite popular because people are choosing to live in their vehicles and the freedom to be anywhere.
When I moved, I choose to live in my car for several months. It’s not too bad.
I have no idea who this person is nor why I would possibly give a shit what she has to say about anything.
Who is drinking Starbuccks in 2025? Just last month Starbucks closed 400 stores and laid off 900 employees in North America.
This will inevitably become “Gen Alpha is killing coffee shops”. Fewer Barista jobs are available. The small, local coffee shop that is a nice quiet place to hang out or meet up with friends closes.
The problem is ghouls like her scraping value off the top of everything and hoarding that wealth like a dragon. Removing it from the system so their own personal number goes up.
Can someone make sure she’s already on the menu? Move her up the list a bit.
She got added to the Italian package.
Some of us aren’t buying Starbucks you dumb twat. But bills still keep escalating. We don’t need just Luigi. We need all of the Super Smash Bros.
I want to punch every rich motherfucker who blames it on coffee purchases in the neck.
Oh look it’s an out of touch white woman giving advice.
Removed by mod
