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1
Posted on 10/12/21 at 1:03 pm to USMCguy121
quote:
Yellen
--------------------------------------------------------------------------------
Ah, Queen of the merchants who wants to tax unrealized gains.
Millennials will have a very real complaint if the proposed monetary policies do in fact come in to being. They will be fricked.
Posted on 10/12/21 at 1:04 pm to GreatLakesTiger24
quote:
and you're processing things through a 2012 buzz feed filter
no one gives a frick about those things
I was being reductionist, I know.
I live in the city and I know why that appeals to me. But I am being completely honest when I tell you that this appeal is lost on most people here. They don't care about carefree urban experiences and they didn't at age 20.
Posted on 10/12/21 at 1:05 pm to RogerTheShrubber
All due respect Roger, I continue to think your apparent belief that there are plenty of sub-300k properties in legitimately good areas is unlikely, and it isn't really evidenced by the fact that your daughter somehow bought a lake house in some unknown community outside of Fort Worth for 300k.
This post was edited on 10/12/21 at 1:07 pm
Posted on 10/12/21 at 1:06 pm to RogerTheShrubber
Sure I will. But I wouldn’t trade my experience of being a young 20s something professional in a cool area so I can live in a suburb. Will I make that choice to move in my 30s? Probably so.
Posted on 10/12/21 at 1:06 pm to 777Tiger
quote:
don't forget prioritization, discipline, and deferred gratification
This has to be the biggest myth in the battle of generations, at least how it is portrayed in such a general sense. The average retirement savings for every generation is terrible. Boomers and the invisible Gen x weren't superior economic stewards as a whole. Boomers working well into their 70s isn't just about improving health, or just them loving to work. Plenty of Gen Xers will "retire" with tiny nest eggs, just as boomers and millenials.
Posted on 10/12/21 at 1:06 pm to Pettifogger
We are all victims of macro policy, but Micro decisions can add up to macro trends.
I believe that while micro economic decisions may exacerbate millennial money troubles, that macro economic issues and decisions bare the lion’s share of responsibility for that demographic’s issues with wealth accumulation.
The narrative tends to blame micro exclusively, and younger people tend to blame older generations, mainly boomers, for the macro issues.
The reality is that these macro issues are not really the fault of any demographic because voters are not given a real choice on macro-economic policies. Those decisions are made by a cloistered elite in government, business, and academia that are completely insulated from elections. These individuals drive the media narratives in order to keep the people divided and fighting themselves instead of fighting the elites.
I believe that while micro economic decisions may exacerbate millennial money troubles, that macro economic issues and decisions bare the lion’s share of responsibility for that demographic’s issues with wealth accumulation.
The narrative tends to blame micro exclusively, and younger people tend to blame older generations, mainly boomers, for the macro issues.
The reality is that these macro issues are not really the fault of any demographic because voters are not given a real choice on macro-economic policies. Those decisions are made by a cloistered elite in government, business, and academia that are completely insulated from elections. These individuals drive the media narratives in order to keep the people divided and fighting themselves instead of fighting the elites.
This post was edited on 10/12/21 at 1:11 pm
Posted on 10/12/21 at 1:06 pm to USMEagles
Your post makes no sense. Take a lap.
Posted on 10/12/21 at 1:07 pm to Pettifogger
quote:He ruins all of these threads with his holier than though, "I've figured out life and you haven't" viewpoints.
All due respect Roger, I continue to think your apparent belief that there are plenty of sub-300k properties in legitimately good areas is unlikely, and it isn't really evidenced by the fact that your daughter somehow bought a lake house in some unknown community outside of Fort Worth for 300k.
Posted on 10/12/21 at 1:07 pm to Pettifogger
quote:
I continue to think your apparent belief that there is are plenty of sub-300k properties in legitimately good areas is unlikely,
Which is geographically more than half the nation.
Are you saying half the nation is a shithole?
You're upbringing is probably a wee bit higher than most people who post here. Things like "good" may have totally different meanings to you than the normal person.
Posted on 10/12/21 at 1:08 pm to NIH
I get that. However, I am of the mindset that I am glad I traded sacrifice in my 20s for retiring at 44 worry free.
Posted on 10/12/21 at 1:08 pm to TheDrunkenTigah
You’re conflating DFW with Dallas. Fort Worth and it’s suburbs are affordable for first time homebuyers.
Posted on 10/12/21 at 1:09 pm to wutangfinancial
quote:
Fort Worth and it’s suburbs are affordable for first time homebuyers.
Surprisingly.
But this will not last, prices will continue to rise.
Posted on 10/12/21 at 1:09 pm to El Segundo Guy
I had anything but a fun and carefree 20’s AND will likely work until I die broke and alone 
Posted on 10/12/21 at 1:10 pm to NIH
quote:
Sure I will. But I wouldn’t trade my experience of being a young 20s something professional in a cool area so I can live in a suburb. Will I make that choice to move in my 30s? Probably so.
Now that I'm settled with a kid in the burbs, I can rightfully tell you that you need to grow up, stop prioritizing fun and move to a suburb with the best school district. Ignore that I spent 15 years doing whatever the hell I wanted and traveling the world while living in a major city. You kids need to get out of your perpetual adolescence. Maybe find a good factory job.
Posted on 10/12/21 at 1:11 pm to kingbob
quote:
AND will likely work until I die broke and alone
Nah, your time is coming.. you'll find that niche
This post was edited on 10/12/21 at 1:13 pm
Posted on 10/12/21 at 1:13 pm to RogerTheShrubber
quote:
Nah, your time is coming
Blessed are those who do not see, yet believe.
Call me a doubting Thomas. I’ll believe it when I see it.
I’m a hell of a lot closer to living homeless in a box on the street than “making it”.
This post was edited on 10/12/21 at 1:14 pm
Posted on 10/12/21 at 1:14 pm to kingbob
quote:
The reality is that these macro issues are not really the fault of any demographic because voters are not given a real choice on macro-economic policies. Those decisions are made by a cloistered elite in government, business, and academia that are completely insulated from elections. These individuals drive the media narratives in order to keep the people divided and fighting themselves instead of fighting the elites.
Spot on.
Keep building asset bubbles that the lower/middle class pay for, enriching the elite and furthering the power vaccuum.
All the while, hey look Gruden sent mean emails!
Posted on 10/12/21 at 1:14 pm to RogerTheShrubber
quote:
Now your little feelings are hurt
And there’s the ad hominem after being called out for saying something weapons grade stupid.
I’ll be sure and share with my therapist over some crisp hazy IPAs about this traumatic experience.
Posted on 10/12/21 at 1:15 pm to kingbob
quote:
It’s insane how many menial and clerical jobs require a degree for zero good reason.
When I interviewed for a low entry level position at OLOL back in 2017, they went on about how much they liked that I had a Masters and are trying to attract more degree bearing people. Pay was $11.41/hour. I quit after two months haha.
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