Oh cool, got a couple thousand bucks to spare? I could use them so we can both march to prosperity together friend-o.
House and Senate overwhelmingly pass atrocious relief bill. Trump slams it and says he'll veto.
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That's why housing prices have risen 195% in the last 60 years and wages have risen 26% so people in my generation will never be able to afford to buy a house right? Because of the constant march to prosperity.
How Home Prices and Household Incomes Changed Since 1960 | Clever Real Estate
Home prices have increased at a rate that far outpaces incomes, driving homeownership further out of reach for more Americans
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This is one of those statements thats so insanely divorced from reality that I cannot even fathom how someone could come to this conclusion with their eyes open.
The belief that nothing can be changed and they're all the same is exactly what they want you to think. After all, the more that the people are apathetic, the easier it is for the elites to control the government without those pesky public interfering by voting.
I mean, actual facts form this conclusion. People get wealthier over the course of their life, basically as a rule.
Yes. Have you seen the houses middle class families are living in these days? You can still get cheap homes, and live in 20th century comfort for 20th century prices. The average is driven up by prosperity.That's why housing prices have risen 195% in the last 60 years and wages have risen 26% so people in my generation will never be able to afford to buy a house right? Because of the constant march to prosperity.
How Home Prices and Household Incomes Changed Since 1960 | Clever Real Estate
Home prices have increased at a rate that far outpaces incomes, driving homeownership further out of reach for more Americans
Something tells me your idea of "middle class families" is excessively warped. Let me guess, you believe "middle class" is something like 200k-500k annually?
Here in reality, most middle class families are lucky to be able to afford renting a house these days; owning isn't even an option unless you count a predatory loan followed by inevitable foreclosure.
Here, I've given up on ever owning my own home, as have most of those I graduated with, something that was much more common in my parents' generation. I pass an increasing number of homeless people on the way to the station in the morning. And so many people I know live paycheck to paycheck.
Perfectly honestly, your view of how "most people" live is pretty insulated from reality. If you gave that description-- on a "march to prosperity"-- to most working-class or even middle class people, they'd either laugh or think you were nuts.
I live in central PA. Houses are cheap here. 5 digit household income can own a fine enough house without major issue.
They really dropped the ball with the stimulus bill. It should have lasted for the entire year, rather than 6 months.
Whereas my wife and I got on the property ladder in the boom years. It was still pretty affordable, and our houses went up about 50% in three years.
Out of curiosity, I checked what my first ever house was worth about 5-10 years ago. That little starter home in a down at heel area I could afford on my PhD stipend would be a real stretch for someone on a middling graduate salary now, unless they had a few tens of thousands downpayment. Insanity.
Leave the city and don't have a job. Problem worse.
Except I would earn less if I left the city leaving me with much the same problem. Housing would be cheaper but I'd have less money.
I could commute but the added cost of the commute would cancel out a huge chunk of savings on housing and add a couple of hours to my work day.
And here's the thing, cities are full of things like shops and restaurants. It would be nice if the people working in these jobs could afford to live in the city because we need them to keep those businesses open without needing 18 people in a 3 bedroom apartment just to make rent.
I used to live somewhere where the cost of living was high. I drove to the city every day for work. Before the pandemic happened, I asked if I could work remote, 100%. They said yes. So I moved states somewhere where the cost of living was cheaper.
After one year, I had more money than I ever had in my life.
Our former Taoiseach said that 300k was "affordable" housing. 300k would mean you'd need about 30k deposit. You would also need a household income of 85K. The median household income here is 45k. The people who see owning a house as easily achievable are just demonstrably not living in the same world as the majority of people
The funny thing is I earn a lot more than I did 10 years ago. People always say get a better job like that's super easy but i did do that. Same industry, hospitality, but I moved into senior management in a small chain. Only people above me were the owners. Spent a bunch of time and money on education to get there. When I first moved to the city 10 years ago 4 of us rented a 5 bedroom house for 1200 a month. Now my one bed apartment costs 1600 and is considered pretty cheap.
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Leave everyone I know and my job? No.
Just have some compassion, and realise that life actually isn't all roses for everyone else.
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Bunch of lazy-ass millennials. Just grab your work boots, pull yourself up by your boot straps, and ask Daddy for a $100,000 loan.
It's like kids have no work ethic nowadays!!!
A) Compassion goes both ways. Telling me everyone has a sucky life means you've got no compassion for most people who dont.
B) Compassion isnt going to change the economics of too many people living in small geographies.