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Posted on 5/13/25 at 8:52 am to YouKnowImRight
quote:
A few generations ago we had 25% unemployment and a global depression. Then we had an actual world war where men went off to die. Then we had the Cold War where we had nuclear weapons threatening the existence of mankind. If high home prices are what the millennials think is hardship, it says more about them than the economy.
I’m in that Xennial range (born in early 80s). I lived through the Gulf War, 9/11 and Iraq (where I lost classmate, with others coming back wounded), 5 recessions including the Great Recession (not counting current), two pandemics (H1N1/Swine Flu and COVID).
You suck at history.
Posted on 5/13/25 at 8:54 am to YouKnowImRight
Just curious what you think the unemployment rate is right now?
Posted on 5/13/25 at 8:55 am to RaoulDuke504
Go look at the wedding registry that HoustonGumbeauxGuy posted in the registry thread. You'll see part of the problem.
Posted on 5/13/25 at 8:59 am to wutangfinancial
quote:
Just curious what you think the unemployment rate is right now?
Low. As is the workforce participation rate
Posted on 5/13/25 at 9:03 am to GetCocky11
quote:
The only effect the Cold War had on every day people was an increase in good taxpayer-funded jobs as a result of increased military spendin
Tells me you don't know anything about the Cold War.
It's easy to look back at the long peace and think we never had it so good, but the world was on the brink of nuclear annihilation multiple times. By the 80s, people had become immune to it, but the generations who lived through the 60s and 70s were fully aware that one wrong move would result in millions of deaths overnight.
Nuclear Close Calls
Posted on 5/13/25 at 9:05 am to RaoulDuke504
This is what happens when corrupt governments are controlled by corrupt money
There are no rules for the ones in power. Only payouts and kick backs by those super rich who stand to profit. The rest of us eat the costs like peasants.
At this point, there is no solid viable political or economic solution other than a full out revolt.
That's the truth but no one will care or stand up so we’ll just circle the drain.
There are no rules for the ones in power. Only payouts and kick backs by those super rich who stand to profit. The rest of us eat the costs like peasants.
At this point, there is no solid viable political or economic solution other than a full out revolt.
That's the truth but no one will care or stand up so we’ll just circle the drain.
Posted on 5/13/25 at 9:05 am to YouKnowImRight
quote:
Tells me you don't know anything about the Cold War.
It's easy to look back at the long peace and think we never had it so good, but the world was on the brink of nuclear annihilation multiple times. By the 80s, people had become immune to it, but the generations who lived through the 60s and 70s were fully aware that one wrong move would result in millions of deaths overnight.
Neat, tell us what that has to do with the affordability crisis.
Posted on 5/13/25 at 9:07 am to YouKnowImRight
quote:
A few generations ago we had 25% unemployment and a global depression. Then we had an actual world war where men went off to die. Then we had the Cold War where we had nuclear weapons threatening the existence of mankind.
If high home prices are what the millennials think is hardship, it says more about them than the economy.
But you know what they had that we don't? A little honesty and integrity in the right places. Everyone is out for themselves today.
Posted on 5/13/25 at 9:08 am to RaoulDuke504
quote:
-Boomer who lived during the most prosperous time in U.S. history and bought a home while retiring at 65 with a highschool education.
Wrong. Gen X who worked my arse off and is tired of the whining.
Stuff is expensive, so you can do one of two things: make more money, or settle for what you can afford.
You live in the best time in history to be a human being. Not being able to live in the subdivision you want is historically just whining.
This post was edited on 5/13/25 at 9:10 am
Posted on 5/13/25 at 9:09 am to Solo Cam
quote:
Could anyone who knows more about the economy explain to me why we wouldn't lower interest rates at this point?
I'm not saying sub 2. But why not go into the high 3's.
At some point I don't understand why we wouldn't? Prices aren't going to go down but our dollar has devalued. You can't get as much for your money as you could. Wasn't that the goal?
We finally have inflation somewhat under control, lowering the interest rates would drive prices back up again. Effectively, we need people to stop spending to get prices back under control, but most people can't help themselves. 8 year loans on trucks, I mean Jesus h Christ.
It also doesn't help that a good portion of areas around cities are now crime infested dumps that can't even be gentrified because of said violent crime and terrible schools.
This post was edited on 5/13/25 at 9:14 am
Posted on 5/13/25 at 9:10 am to GetCocky11
quote:
affordability crisis.
The fact you use the word crisis when talking about not getting what you want shows me you don't know what a real crisis is.
Posted on 5/13/25 at 9:18 am to Ihatethiscity
quote:
9/11
Terrible tragedy for the city of New York.
quote:
Katrina
Terrible tragedy for the city of New Orleans
quote:
The Great Recession
A recession. If the government had listened to W it wouldn't have even happened. It trimmed a lot of bad investment out of the market.
quote:
Lockdowns.
So now getting to work from home, play video games, and collect government handouts is a hardship?
quote:
How long were we over in Iraq and Afghanistan? 20 years?
Total American deaths in 20 years: 6817
Total American deaths on D Day alone: 2501
Millenials seem to think everything is worse because it happened in their lifetime.
Posted on 5/13/25 at 9:23 am to RaoulDuke504
Government just told me today that inflation is lowest since 2021.
I feel like my paycheck is increasing in reverse.
I feel like my paycheck is increasing in reverse.
Posted on 5/13/25 at 9:24 am to YouKnowImRight
quote:
YouKnowImRight
Yea bruh we get it. We have it the easiest in history today *
*excluding the fact those all those who went through everything you saying had 3x to 6x the buying power than we do today. That's why they could afford a house, two cars, a tractor, a boat, and retirement while living comfortably on one income while the wife stayed at home. Take your current salary, hold all other economic variables constant, and multiply it by 4. Then get back with me on how hard it was for those past two generations to live from the 50s on.
Posted on 5/13/25 at 9:27 am to theunknownknight
quote:
excluding the fact those all those who went through everything you saying had 3x to 6x the buying power than we do today
Exactly. All the "tough times make tough people" BS overlooks that the paychecks were effectively much larger back then.
Posted on 5/13/25 at 9:30 am to YouKnowImRight
quote:
Wrong. Gen X who worked my arse off and is tired of the whining.
You raised the kids you’ve bitching about. Maybe a little self-reflection with that angst would serve you better.
Posted on 5/13/25 at 9:33 am to theunknownknight
quote:
But you know what they had that we don't? A little honesty and integrity in the right places. Everyone is out for themselves today.
Oh you sweet summer child.
Americans have always been out for themselves, and our politicians and wealthy have always been crooked.
The difference is, today you have influencers who make you think you're special and different and that your opinion and your struggle matters more than anyone else's (true on the right and the left).
We used to have really poor people in this country. People who went days without a decent meal, never had running water, and lived on dirt floors while the wealthy were building 10,000 square feet mansions. The difference then is they didn't have the internet to whine about and their neighbor who was in the same struggle didn't want to hear it. They had to either work, steal, or starve. A good many of them scraped by and did just enough to survive, but raised their children to sacrifice and do the things necessary to ensure they lived a better life.
At some point, the "better life" became the expectation. America's prosperity spread throughout the income levels is an anomaly of history. Poor people of the past couldn't afford ANY luxuries, but the "poor" in America have cars, TV's air conditioning, and cell phones.
If somebody were to drop you in the midwest in 1934 and you told them you couldn't afford the house you wanted so you had to live in an apartment with clean water, air conditioning, cable TV, internet, and a soft mattress, he'd wonder what the problem was.
My life in Gen X, even in an upper-lower class family, was miles better than generations before me. When I was born, my parents lived in a trailer with a hole in the floor so big the dog could go in and out until they finally could afford to fix it. Gen X had it great, and every generation after us has had it even better.
Posted on 5/13/25 at 9:35 am to YouKnowImRight
It's 8% and we've had a spike of to 23% and 17.5% in a span of 16 years with 40% of the working age population not working. I know you think you're right but that's probably a worse labor market than the depression. That's with access to credit contracting to only rich people and multinational publicly traded companies.
Posted on 5/13/25 at 9:40 am to wutangfinancial
Dude, a nuclear missile could have fallen on him at any point in his childhood.
We don't know what its like to struggle!
We don't know what its like to struggle!
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