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Started By
Message
re: Great YT video "How the US Is Destroying Young People’s Future"
Posted on 5/7/24 at 9:40 pm to llfshoals
Posted on 5/7/24 at 9:40 pm to llfshoals
quote:
You do these things and luck will find you.
Amazing isn’t it how “lucky” people consistently get who think about their decisions.
All of the arguments today were being argued in 1980 when I entered the workforce and I was on that side.
The first house I bought I had a 9% mortgage and I was “lucky” because it was bond money and the standard 30 year mortgage rate at the time was close to 16%.
And I was lucky because I turned up some music, lit the pit and drank beer at home while I painted, sanded and refinished floors, nailed shingles and a hundred other things after work and on weekends while my friends spent in the bars.
And 8 years later I doubled my money. And 8 years after that I did it again. And 8 years after that I didn’t have a mortgage and haven’t had one since.
I know as many people my own age that have the same complaints. They have those because they make poor decisions financial and otherwise. They have houses in the Country Club with minimal furniture. They can’t figure out why they can’t afford curtains. But hey…they got that address. And those two new premium vehicles.
My father did 3 years of pretty solid combat in WWII then came home and created a whole herd of little boomers. He created a standard of living, then all of us created our own standard of living then all of our children have and are creating their standard of living.
If we are destroying young people’s future then why does the world want to come live here? Why is our Southern border jammed with people trying to cross? Something that isn’t new either. That border has been open for 40 years during all presidents and political parties.
Go live in Eastern Europe or Central America or even South America. Take a Haitian vacation.
And just these last few days I’ve talked to 6 friends all who had kids graduate from college this semester. All have accepted offers for well paying jobs with very nice packages believe it or not in Baton Rouge. Every one of them thought they would have to go to Texas.
Now that’s a different debate regarding location as I know this boards disdain, a lot of rightly so, for Baton Rouge but the point is those jobs are actually here.
The United States does have problems. Big problems. But it always has and always will have big problems and challenges so keep your focus or you will wake up one day in 2054-not that far off-and wonder why you spent all that time complaining about something you have literally zero control over.
Make your own future and quit trying to compare it to anyone else’s. The American dream is alive and well if you are willing to go get it.
Downvote away ye old bitter ones with
half empty glasses.
Posted on 5/7/24 at 9:46 pm to Asharad
quote:
it's not wrong. It's exactly how I did it.
But the conditions were certainly different when you did it
Posted on 5/7/24 at 9:49 pm to Martini
quote:
The first house I bought I had a 9% mortgage and I was “lucky” because it was bond money and the standard 30 year mortgage rate at the time was close to 16%.
Compare the median home purchase price during that time and ratio it to the median income. Then do the same now. Once you do that you'll realize everything else you just said means nothing.
Posted on 5/7/24 at 10:19 pm to Powerman
In Baton Rouge, 70806 zip code,middle of the city, highest point in the city, highest income in the city I can find a dozen nice brick houses for sale under $350k down to $275k
A two income family, which is what it takes now and took for me as well, this is a reasonable amount. These are 1970’s built, good neighborhood, good family homes.
I don’t live in Austin or Huntsville or Corpus which I believe is where you were, or Vegas, Dallas. I do know there is affordable housing here.
People live where they can make a good wage and afford a good home.
A two income family, which is what it takes now and took for me as well, this is a reasonable amount. These are 1970’s built, good neighborhood, good family homes.
I don’t live in Austin or Huntsville or Corpus which I believe is where you were, or Vegas, Dallas. I do know there is affordable housing here.
People live where they can make a good wage and afford a good home.
Posted on 5/7/24 at 10:33 pm to JiminyCricket
quote:Yep to all of those . I use a spice blend I came up with that’s killer for beef.
Did you include the charcoal? Did you include the propane? What about seasonings? Marinades if needed?
Kingsford all purpose seasoning, Alderwood smoked sea salt and Jack Daniels BBQ seasoning with a little olive oil. Careful with the alderwood, it can overpower it.
Posted on 5/7/24 at 11:59 pm to Martini
5 years ago, you could find those little brick houses for $160k.
Posted on 5/8/24 at 6:43 am to Saunson69
quote:
Video goes on to show that every year we are transferring $1.4 trillion from social security from working aged citizens including the younger to give to the "grandparents" who are the wealthiest generation to have ever existed
Because the trillions taken by social security from all the grandparents all over the country was SPENT by stupid politicians on there stupid constituents for the stupidest shite !!!
That’s why young people’s money confiscated by social security now is transferring to grandparents
At least be factual,
Posted on 5/8/24 at 6:48 am to JiminyCricket
quote:
Did you include the charcoal? Did you include the propane? What about seasonings? Marinades if needed?
You realize you don't buy these every time you cook a steak right? Charcoal and propane is an "or"....not an "and" as your post alludes to.
ETA: also, the restaurant has to spend money on all that shite too but you don't have to help pay for the cook, server, bartender, etc. by cooking at home.
This post was edited on 5/8/24 at 6:50 am
Posted on 5/8/24 at 6:54 am to Powerman
quote:
Compare the median home purchase price during that time and ratio it to the median income. Th
Notes on a 100k home at 10% plus were far higher relatively than the average note three years ago
You johnny come latelies need to learn math. Do a 100k mortgage at over 10% and see what they were paying back in the day, on considerably less income
The "free credit" of the past decade and a half have done more to destroy your future
This post was edited on 5/8/24 at 7:05 am
Posted on 5/8/24 at 7:41 am to RogerTheShrubber
quote:
Notes on a 100k home at 10% plus were far higher relatively than the average note three years ago You johnny come latelies need to learn math.
Yeh yeh need to learn math. When adding in insurance hikes etc monthly mortgage payments are also the highest they have ever been relative to income
Posted on 5/8/24 at 8:26 am to Saunson69
You'd almost think someone or a group of someones wants it this way.
Posted on 5/8/24 at 8:40 am to Oilfieldbiology
I'm lucky too. My wife had a great aunt who couldn't live in her house. It was to be split 3 ways when sold to her 2 aunts and her mom. I was military and my wife is a nurse. We pocketed her paycheck only lived off of mine for 6 yrs and bought it from them and remodeled it a little. I hate dealing with banks so I liked it even if I never got a bump in credit.
Posted on 5/8/24 at 8:55 am to DrrTiger
quote:
And quit voting for big government
so vote 3rd party?
Posted on 5/8/24 at 8:57 am to pankReb
quote:
Charcoal and propane is an "or"....not an "and" as your post alludes to.
I wasn't alluding to anything. It was an obvious either/or since you don't use charcoal in a gas grill and vice versa.
quote:
ETA: also, the restaurant has to spend money on all that shite too but you don't have to help pay for the cook, server, bartender, etc. by cooking at home.
For the 5th time in this thread, i'll say it again. I'm not saying cooking at home isn't cheaper. My point was that the amount you saved relative to eating out back in the day vs home cooking as compared to the amount saved after groceries have inflated today has been significantly reduced.
This is all somewhat pointless anyway because the boomers assumed young people eat out every meal and don't cook at home when the stats do not support that notion. But if Dave Ramsey says it, it must be gospel.
This post was edited on 5/8/24 at 9:02 am
Posted on 5/8/24 at 9:01 am to RogerTheShrubber
quote:
Notes on a 100k home at 10% plus were far higher relatively than the average note three years ago
Apples and oranges.
There are multiple factors that you omit here. What about the fact that 100k in the 90's bought you substantially more house than today? I grew up in a 2000 sq ft home in a neighborhood in the 90's that my parents paid around 70k for. That same street has houses on the market today in the 300k's.
Posted on 5/8/24 at 9:06 am to JiminyCricket
quote:
Apples and oranges.
There are multiple factors that you omit here. What about the fact that 100k in the 90's bought you substantially more house than today? I grew up in a 2000 sq ft home in a neighborhood in the 90's that my parents paid around 70k for. That same street has houses on the market today in the 300k's.
Just looked up the house I grew up in on Zillow. My mom paid about $37K for the house in 1996 and it is valued at $126K today and looks exactly like we left it 20 years ago.
But sure things are EXACTLY the same today as they were back in the day.
ETA: $37K in 1997 is about $72K today.
This post was edited on 5/8/24 at 9:09 am
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