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Started By
Message
re: In Asia, there are up to 3 generations living in a house
Posted on 10/6/23 at 3:40 pm to Smeg
Posted on 10/6/23 at 3:40 pm to Smeg
quote:
Globalization will bring us down.
The U.S. is currently in the process of moving our manufacturing out of China. The high-end will be coming home, the medium will be going to Mexico, and the really low-end stuff will get farmed-out to Colombia. We'll still be doing business with the Asians (Thailand, Taiwan, Indonesia, Japan, Vietnam, and Philippines), particularly in regard to electronics, but China is pretty much done.
1
Posted on 10/6/23 at 3:40 pm to fareplay
Don’t have to pay for childcare when mom and grandma are there helping out
Posted on 10/6/23 at 3:41 pm to fareplay
quote:
Average household income is 70k
Feels like everyone makes at least six figures now.
Posted on 10/6/23 at 3:50 pm to dgnx6
quote:
you could still go to college and still live on your family's land.
Did they completely kick you out at 18 and say dont ever come back?
Couldve, yes, no doubt. But I think everyone felt like they needed to prove themselves on their own without parents.
It wasnt like hey you are gone, but there is no way my parents wouldve let me live at home after year 4. If you didnt have a degree in hand you were out of the house, yes. That is without a doubt.
Posted on 10/6/23 at 3:52 pm to TigerDat
quote:
Well my grandma, and 2 aunts all lived one the same piece of land. 2 of the 3 grandkids have college degrees.
My mom and dad moved 10 minutes away until I was a freshman in high school when my oarents bought 13 acres from her uncle across the highway from my grandma and aunts. They built a home and raised us all together. I also have a college education. My brother who had learning deficiency doesn't but still makes a great living.
Ida took her home so my wife and I built our home where there's was and they live behind us in a smaller mobile home.
Living together has no bearing on what education you can get or will get
Im pushing for this now. Id love for our immediate family to buy up some land and all build by one another.
I also come from a family where my father was the first person who ever graduated from University and went on to get an MBA, etc.
If they had to do it again I dont think they wouldve been as harsh.
Posted on 10/6/23 at 3:54 pm to TigerDat
quote:
Living together has no bearing on what education you can get or will get
100% agree.
Literally zero bearing. Everyone has a different style of rearing I suppose.
Posted on 10/6/23 at 4:00 pm to Tantal
quote:
China is pretty much done.
We have to be a massive piece of the pie for them.
Boy, buying up our debt may not have been the best idea.
Posted on 10/6/23 at 4:12 pm to alphaandomega
quote:
Boomers didnt have expensive internet, a dozen streaming services and $8 lattes.
what’s your point?
Posted on 10/6/23 at 4:26 pm to Klark Kent
quote:
depends, Boomers certainly had the ability to pay off their homes if smart.
More factors to it than smart, but generally, yeah.
My parents paid off their house in the mid 90's.
It helps that they didn't have any expensive hobbies, but my dad also worked turnarounds every year, and after the turnaround he'd write the biggest check he could to the mortgage.
I'm sure that helped him beat the interest early on, but recently he told me that he wished he had invested more money and paid off the house a little slower.
Posted on 10/6/23 at 4:29 pm to wadewilson
quote:
It helps that they didn't have any expensive hobbies,
If he was like my dad, he never had time haha.
Posted on 10/6/23 at 4:38 pm to jizzle6609
Well, you work a turnaround at a major refinery, that's 3-4 months out of the year you're working 90 hours a week. Kinda like a CPA during tax season.
Posted on 10/6/23 at 5:34 pm to jizzle6609
quote:
We have to be a massive piece of the pie for them.
They can't survive without the U.S. market. Plus, their demographics won't allow them to have a domestic consumption-led economy. They're proper fricked. Anyone who still thinks that China is a rising power isn't paying attention.
Posted on 10/6/23 at 5:36 pm to Tantal
I agree.
It's almost like it was planned haha
It's almost like it was planned haha
Posted on 10/6/23 at 5:37 pm to Tantal
Sorry also agree with the second point.
Their policies are coming back to haunt them and they are going to pay that tax in a big big way.
China is on its way down.
Latin America and Mexico on its way up. Argentina might be interesting the next decade as well.
Their policies are coming back to haunt them and they are going to pay that tax in a big big way.
China is on its way down.
Latin America and Mexico on its way up. Argentina might be interesting the next decade as well.
Posted on 10/6/23 at 5:45 pm to carhartt
quote:Outside of urban white ethnic groups, the US population was historically made up primarily of populations from west of the Hajnal Line where multiple generations living together was not really common.
Some of those beliefs have been lost in America.
Posted on 10/6/23 at 5:57 pm to wadewilson
sounds like our Dads were cut from the same cloth. Pops didn’t have time for friends or hobbies other than more work. but i agree, i should’ve phrased that differently instead of should, “they had the opportunity to” pay off their homes. and sure it’s easy and fun to shite on Boomers, but most i know have paid off their homes.
This post was edited on 10/6/23 at 5:59 pm
Posted on 10/6/23 at 6:09 pm to fareplay
More common around the world than you think. Middle Eastern families co-habitate and use the funds tk build wealth. Asia is more of a necessity due to space and both still have traditional gender roles
Posted on 10/6/23 at 6:32 pm to Klark Kent
quote:
sounds like our Dads were cut from the same cloth. Pops didn’t have time for friends or hobbies other than more work. but i agree, i should’ve phrased that differently instead of should, “they had the opportunity to” pay off their homes.
and sure it’s easy and fun to shite on Boomers, but most i know have paid off their homes.
It also helps that the house I grew up in was $135k when he bought it in 1990.
Appraised at almost $400k 6 or 7 years ago.
But he did buy that house with an interest rate nearly twice as high as what we're facing today.
Posted on 10/7/23 at 10:59 am to Klark Kent
quote:
what’s your point?
People today spend their money on a bunch of unnecessary stuff.
Expensive unnecessary stuff. They just want to keep up with the Joneses.
Posted on 10/7/23 at 1:21 pm to LSUGrrrl
quote:
white Americans are the only demographic that kick their kids out at 18 and make them work full time if they aren’t enrolled in college.
He's an idiot. College bound kids in the UK begin sixth form college in Year 12 (age 16), and are, more often than not, sent away from home.
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