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Started By
Message
re: U.S. Economy Has Been in a “Silent Depression” For 20 Years
Posted on 5/31/25 at 8:08 am to BottomlandBrew
Posted on 5/31/25 at 8:08 am to BottomlandBrew
As a reminder, the Taliban are in charge of Afghanistan, today.
Posted on 5/31/25 at 9:22 am to JohnnyKilroy
quote:Good Lord!
Factoring that in helps my point lol. Room and board and books is 200k to go to LSU these days as an OOS student
The point is kids in your dad's generation who couldn't afford it would never have considered attending LSU as an OOS student. PERIOD! FULL STOP!
Now you're actually posting about folks who electively opt to spend buckets of money to do just that, as they simultaneously bitch about how ridiculously expensive it is. You have no sense as to the absurdity of that argument? Seriously?
Look, no one is saying there are not challenges. Every generation has challenges. What you are missing is the tremendous advantage you have as an American in 2025 in meeting those challenges. As an American you are swimming downstream while you're whining that you heard rumor the current was even faster for others in the past. How about just enjoying the swim?
---
So you mentioned housing costs .. repeatedly. It's a topic which has been discussed extensively on multiple boards. But perhaps you weren't a party to those?
Stereotypes are what they are. Certainly, there are in no way all-inclusive. With those limitations in mind, let's address your housing concern.
D/t a combination of price deceleration and ZIRP, there was a 10yr window following TGR where housing was as affordable or more affordable than it had been in 3 decades (ito price to income). It was a potential boon for first time buyers. Yet, Gen-Y stereotypically turned its nose up at the opportunity, opting instead to rent in exchange for an urban social life, and cool experiences. They similarly put off marriage, starting a family, etc. The behavior was so common it entered the neolexicon as delayed adulting. Fun times for all!
Now the game has changed though. Home prices skyrocketed during the last administration as did finance costs. Suddenly, places which were once potentially affordable, are now priced out of reach. For those caught on the outside looking in, they still have fond memories of their urban social experience to fall back on. Decisions always have consequences.
For first time buyers, the current market sucks.
Posted on 5/31/25 at 9:54 am to Bard
quote:
quote:You misspelled Israel.
You misspelled the lizard people from the demon dimensions.
Posted on 5/31/25 at 9:00 pm to lsuconnman
quote:
I don’t see your connection. The argument for a minimum wage to support the cost of living seems pretty straightforward.
The connection is that those pushing for a minimum wage to support the cost of living base it on a time when there were fewer inputs into that cost, but they don't take that into account. It's just an addendum to why minimum wage arguments are naive.
Posted on 5/31/25 at 9:09 pm to NC_Tigah
quote:
quote:
3 grand over 4 years was out of reach? Goddamn yall must have been lazy as frick
I did 4 years in the military.
Now then, WTF did you do?
Good f#$king answer! Upvote.
Posted on 6/1/25 at 10:26 am to NC_Tigah
quote:And even with all of that, Gen Y still owns at about a 55% rate. That isn't terrible given the youngest ones are still only about 29.
D/t a combination of price deceleration and ZIRP, there was a 10yr window following TGR where housing was as affordable or more affordable than it had been in 3 decades (ito price to income). It was a potential boon for first time buyers. Yet, Gen-Y stereotypically turned its nose up at the opportunity, opting instead to rent in exchange for an urban social life, and cool experiences. They similarly put off marriage, starting a family, etc. The behavior was so common it entered the neolexicon as delayed adulting. Fun times for all!
Posted on 6/1/25 at 6:57 pm to tigeralum06
quote:
You misspelled Israel.
Retracted.
This post was edited on 6/1/25 at 8:56 pm
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