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Posted on 7/2/17 at 11:25 am to deeprig9
quote:
When low down payment low interest mortgages are available, many more buyers enter the market.... thus prices rise.
That rise in prices makes it impossible for those people to afford property in the long run so you merrily wait for the bubble to pop and then you buy it from them for pennies on the dollar and laugh at their ignorant poverty.
Posted on 7/2/17 at 11:27 am to volod
quote:
1) Is college just as costly now as it was for Baby Boomers and Gen X (scaling for inflation)
2) Are companies as willing to hire recent high school graduates in 2017 as they were in 1960 to 1985. Were the barriers for entry level positions the same now as they were then.
3) Given this is a post-racial society (legally speaking) do you feel that the influx of minorities and women in the workforce may have caused a higher supply of labor thus creating more competition and lowering wages.
4) Is home buying more difficult for the average American and if so is it due to economic conditions post 2010 being different from 1960 to 1985.
1) Tuition is and has been going up faster than inflation.
2) There are fewer good jobs for high school graduates than in the past.
3) No, the labor force participation rate is the lowest in decades. Also, wage stagnation and discrimination against married couples have forced more women into the workforce. It's much harder to support a family on one income.
4) Probably about the same, but we'd need a detailed breakdown of income, housing prices, and mortgage standards then vs now. Housing prices are cyclical.
Posted on 7/2/17 at 11:31 am to volod
College is definitely more expensive because we don't have free markets. When I started LSU in the mid 90s, tuition was roughly $1100 per semester. Plug that in to an inflation calculator and it should cost roughly $1,733 today. I think it's more like 5.5k per semester now.
$1100 in 1996 has the same purchasing power as $1,733.48 in 2017.
The total inflation rate from 1996 to 2017 is 57.58870%.
The average inflation rate from 1996 to 2017 is 2.18943%.
LINK
$1100 in 1996 has the same purchasing power as $1,733.48 in 2017.
The total inflation rate from 1996 to 2017 is 57.58870%.
The average inflation rate from 1996 to 2017 is 2.18943%.
LINK
Posted on 7/2/17 at 11:32 am to jdeval1
quote:
I'm glad I'll be dead before we elect Dwayne Elizondo Mountain Dew Herbert Camacho
He surrounded himself with the best people and solved the counties problems that went unsolved for decades.
Posted on 7/2/17 at 11:33 am to Breesus
quote:
Breesus
It is a ridiculous question, but that is the point. Many people do not realize that one of the advantages earlier generations had was that you did not have to have collegiate or trade education to work for good companies.
Posted on 7/2/17 at 11:43 am to jdeval1
quote:
College is definitely more expensive because we don't have free markets. When I started LSU in the mid 90s, tuition was roughly $1100 per semester. Plug that in to an inflation calculator and it should cost roughly $1,733 today. I think it's more like 5.5k per semester now.
$1100 in 1996 has the same purchasing power as $1,733.48 in 2017.
The total inflation rate from 1996 to 2017 is 57.58870%.
The average inflation rate from 1996 to 2017 is 2.18943%.
LINK
In 1984, LSU tuition was 489 a semester. However, LA universities were heavily subsidized by the state, which has a flood of dollars from oil and gas. The true cost of tuition was artificially set.
Once the oil bubble burst in the 90's along with LA archaic state constitution, the true cost of running an university was increasing passed on to those who used it.
I don't think it is as simple as comparing cost from one point in time to another.
Posted on 7/2/17 at 11:46 am to rocket31
quote:
It's mostly because boomers are low IQ, tech illiterate jallops whose main accomplishments are simply being born at the right time. Look at our electoral candidates. Trump. Hillary. Jeb. Bernie. Just lol at boomers
Yeah the millenials are even too lazy to get off their arse and vote. Trump Train! ChoooooChooooo!
Posted on 7/2/17 at 11:52 am to volod
quote:
4) Is home buying more difficult for the average American and if so is it due to economic conditions post 2010 being different from 1960 to 1985.
Depends on where you live. In some places, yes.
Posted on 7/2/17 at 11:53 am to volod
Most of it is just social media. I'm in my mid 30s so I have no idea where I fall. I just know if some random kid in Seattle makes a dumb post on twitter or whatever the entire generation gets lumped in b/c of it. I paid my way in college, about $1600 a semester. Not possible now.
My post doesn't answer your questions but it seems retarded for a prior generation to bash the newer one when they were the one's who raised them. Basically you are saying your generation sucks at parenting. Went to a restaurant a few weeks back and a table full of teenage girls and parents. It was funny, the kids were actually talking to each other while parents were all looking at their phones the entire time. I noticed this while we were sitting down waiting on a table.
As someone who could fall into either category I'm starting to think the older generations are some of the bigger "snowflakes" than anything.
My post doesn't answer your questions but it seems retarded for a prior generation to bash the newer one when they were the one's who raised them. Basically you are saying your generation sucks at parenting. Went to a restaurant a few weeks back and a table full of teenage girls and parents. It was funny, the kids were actually talking to each other while parents were all looking at their phones the entire time. I noticed this while we were sitting down waiting on a table.
As someone who could fall into either category I'm starting to think the older generations are some of the bigger "snowflakes" than anything.
Posted on 7/2/17 at 11:56 am to Alltheway Tigers!
quote:
In 1984, LSU tuition was 489 a semester. However, LA universities were heavily subsidized by the state, which has a flood of dollars from oil and gas. The true cost of tuition was artificially set. Once the oil bubble burst in the 90's along with LA archaic state constitution, the true cost of running an university was increasing passed on to those who used it. I don't think it is as simple as comparing cost from one point in time to another.
I get what you are saying but the cost to the end consumer has far outpaced average inflation.
Posted on 7/2/17 at 12:01 pm to volod
Boomers are narcissistic assholes
Gen Xers are cynical dicks
Millenials are whiny snowflakes
Gen Xers are cynical dicks
Millenials are whiny snowflakes
Posted on 7/2/17 at 12:04 pm to deeprig9
quote:
College cheaper now with inflation adjusted
Jesus
Posted on 7/2/17 at 12:05 pm to volod
Identity politics plays a part.
Posted on 7/2/17 at 12:09 pm to rocket31
quote:
College cheaper now with inflation adjusted.
In Georgia, my college tuition was 100% free through the Hope Scholarship (lottery). My parents weren't so lucky.... they had to pay their own tuition.
Tuition numbers alone, sure, tuition is higher, even inflation taken into account, but there are so many more programs and grants out there now, that used to not exist, and there are also alot more options, smaller state schools and community colleges with cheaper tuition.
Going to college now is easier than it has ever been in our history.
And keep in mind you are talking to a guy who's household has $221,000 in student loans. I'm not some random old guy that is out of touch with college students today.
Posted on 7/2/17 at 12:09 pm to dawgfan24348
quote:
Boomers are narcissistic assholes
Gen Xers are cynical dicks
Millenials are whiny snowflakes
It's actually pretty accuratePosted on 7/2/17 at 12:15 pm to deeprig9
quote:
Going to college now is easier than it has ever been in our history.
And completely unnecessary
quote:
In Georgia, my college tuition was 100% free through the Hope Scholarship (lottery). My parents weren't so lucky.... they had to pay their own tuition.
Regardless of whatever anecdotal evidence and opinions you'd like to state, factually college is more expensive now than it ever was.
Posted on 7/2/17 at 12:17 pm to deeprig9
quote:
I'm not some random old guy that is out of touch with college students today.
Just lol
Posted on 7/2/17 at 1:00 pm to volod
quote:
1) Is college just as costly now as it was for Baby Boomers and Gen X (scaling for inflation)
Not even close
Posted on 7/2/17 at 1:17 pm to volod
quote:
2) Are companies as willing to hire recent high school graduates in 2017 as they were in 1960 to 1985. Were the barriers for entry level positions the same now as they were then.
Every single posting I've ever seen for an entry level position requires 3-5 years experience.
Companies have automated and downsized to the extent that they don't have anybody to train new employees on how to do things properly.
Baby boomers had mentors when they got into the workforce. Millennials don't.
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