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Posted on 10/12/21 at 11:13 am to Pettifogger
quote:
but it's pretty much everyone, not just millennials.
I was just going off what I see personally in day to day life with the people I know. I will say this, my mentor in the business i'm in gave me a nugget of wisdom early on..
"Don't ever try to understand someone else's finances even though you see no logic in their choices" 12 years later it certainly rings true everyday..
quote:
It's a trap that's pretty difficult to get out of.
Agreed, it's like addiction in a way..
quote:
but I don't think we're addressing the problem by putting it only on young, urban people.
Oh I agree, I not saying that's the only group with the issue, it's just what i personally encounter is what i'm basing my assumptions on.
quote:
I point you to the Yeti generation.
Posted on 10/12/21 at 11:17 am to Gravitiger
quote:
Did he magically get a second term?
No, but most of the really bad shite was in the first term
Posted on 10/12/21 at 11:18 am to USMEagles
quote:
So you're saying Grandpa was fine living in Decatur or Brookhaven, but the grandkids won't buy in Forsyth County (or wherever)?
Is that about how things look or where they are located?
I'm saying the "fringe" suburbs in Grandpa's era were post war SFH with maintained yards and genteel neighbors who took pride in their community. People pulled in the same direction, went to church together, etc.
I don't think that describes fringe suburbs now.
Posted on 10/12/21 at 11:19 am to kingbob
quote:So people did vote for him?
No
Posted on 10/12/21 at 11:20 am to Gravitiger
quote:
So people did vote for him?
They did, but the damage was already done, and 90% of boomers weren’t old enough to vote. That was the greatest generation and silent generation voting for him over Goldwater.
Posted on 10/12/21 at 11:22 am to OceanMan
quote:
That graph seems to indicate that median real wages went up from below $75k to $90k from 2015-2019. Pretty dramatic swing to be believable.
Most of all millennials entered their second real job during that timeframe, The youngest would 24 in 2019.
Posted on 10/12/21 at 11:22 am to AlonsoWDC
quote:That argument will get you far. Stick with it.
You're a fricking idiot.
Posted on 10/12/21 at 11:22 am to GreatLakesTiger24
Student debt is almost 2 trillion. So doubt.
Posted on 10/12/21 at 11:22 am to GreatLakesTiger24
Is this where make fun of avacado toast and craft beer and forget Brian from the suburbs is up to his eyeballs in mortgage, F350, private school, and boat payments.
Posted on 10/12/21 at 11:22 am to Pettifogger
quote:
I don't think that describes fringe suburbs now.
Owning property is more of an investment today, which detaches the owners from community to an extent.
Long gone are the days when people lived their lives in one house and communities had a lot of continuity.
Posted on 10/12/21 at 11:26 am to RogerTheShrubber
The purposeful destruction of neighborhood schools and villainizing of organized religion did this. Churches and neighborhood schools were once community pillars that bound neighbors together. Not the case today.
As for seeing housing as an investment, owning a home is not an investment if you’re living in it. A common mistake folks make is confusing a liability for an asset. Housing is a necessity and a recurring expense, meaning that if you only own one home, that you cannot sell that “asset” without acquiring a somewhat equal asset. Thus, it’s not really much of an asset. It’s akin to selling your car to pay the light bill, but without your car you cannot drive to work.
As for seeing housing as an investment, owning a home is not an investment if you’re living in it. A common mistake folks make is confusing a liability for an asset. Housing is a necessity and a recurring expense, meaning that if you only own one home, that you cannot sell that “asset” without acquiring a somewhat equal asset. Thus, it’s not really much of an asset. It’s akin to selling your car to pay the light bill, but without your car you cannot drive to work.
This post was edited on 10/12/21 at 11:30 am
Posted on 10/12/21 at 11:27 am to Gravitiger
quote:He did if he was in anyway dependent on the Boomer vote.
Nobody voted for LBJ. He took over after killing Kennedy.
Did he magically get a second term?
Posted on 10/12/21 at 11:28 am to kingbob
quote:this isn't really a thing in most of the country
The purposeful destruction of neighborhood schools and villainizing of organized religion did this.
Posted on 10/12/21 at 11:28 am to NC_Tigah
quote:
You do know only about 1/10th of boomers were old enough to do that, right?
LBJ was elected in 1964, and you had to be 21 then to vote...
so that means he won without a single Boomer vote, if the first Boomers weren't born until 1946 when their dads got back from the war
Posted on 10/12/21 at 11:28 am to NIH
quote:yes, yes it is
Is this where make fun of avacado toast and craft beer and forget Brian from the suburbs is up to his eyeballs in mortgage, F350, private school, and boat payments.
Posted on 10/12/21 at 11:28 am to USMCguy121
quote:
Student debt is almost 2 trillion. So doubt.
Well they should stop lending money to idgit's wanting to get Lesbian dance theory and underwater basket weaving degree's for starters..
Posted on 10/12/21 at 11:28 am to kingbob
quote:So your first post made no sense?
They did
This post was edited on 10/12/21 at 11:33 am
Posted on 10/12/21 at 11:30 am to wutangfinancial
wutangfinancial got called out and had no rebuttal so he ledt lol
Posted on 10/12/21 at 11:32 am to RogerTheShrubber
It's a combination of things - inflation, consumerism, increased concentration of jobs in expensive markets.
I also think Americans have come to expect better things like vehicles and homes than their parents had at their age.
My parents drove older vehicles. We had a family of 5 growing up in about a 1600/sq ft house. We weren’t poor. That was considered pretty normal at the time. I think a far less percentage of younger families would consider that acceptable in 2021.
I also think Americans have come to expect better things like vehicles and homes than their parents had at their age.
My parents drove older vehicles. We had a family of 5 growing up in about a 1600/sq ft house. We weren’t poor. That was considered pretty normal at the time. I think a far less percentage of younger families would consider that acceptable in 2021.
This post was edited on 10/12/21 at 11:33 am
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