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re: Quiet Quitting? Well that a new term.
Posted on 8/20/22 at 3:02 pm to EarlyCuyler3
Posted on 8/20/22 at 3:02 pm to EarlyCuyler3
quote:
You really didn't though. That's the thing about widening gaps and wage stagnation and inflation. It gets exponentially worse over time and not better.
Boomers when discussing politics: THIS COUNTRY IS GOING TO ABSOLUTE shite. THIS IS THE WORST PRESIDENT IN HISTORY AND IT'S ONLY GETTING WORSE!!!!
Boomers when discussing later generations: Stupid kids don't realize it's never been better and success is easier than ever in America.
1
Posted on 8/20/22 at 3:02 pm to Scruffy
quote:
Every single one of you boomers would take that situation if housing cost relative to income was the same now as it was then.
A 100k home in 1982, your note would have been roughly $2,000 with 20% down.
People weren't making that kind of money.
Posted on 8/20/22 at 3:02 pm to JudgeHolden
quote:born on 3rd thinking he hit a homerun
You aren’t a unique snowflake. Read that again. Prior generations had struggles equal to yours. You are not special.
Posted on 8/20/22 at 3:03 pm to EarlyCuyler3
quote:They refuse to accept this.
So yes, your generation had it better simply by being born when you were. From a pure numbers standpoint.
The “18% APR with 20% down” is the most asinine argument they make.
“Look at those high numbers! It was so bad!”
Posted on 8/20/22 at 3:04 pm to RogerTheShrubber
quote:
A 100k home in 1982, your note would have been roughly $2,000 with 20% down. People weren't making that kind of money.
Yea, and the gap is even wider now.
You just keep rejecting reality.
Posted on 8/20/22 at 3:04 pm to Scruffy
quote:
The “18% APR with 20% down” is the most asinine argument they make.
Are you claiming that's not a valid point?
That was the precise situation when I graduated HS, and started college. There was no work, and you couldn't afford a new home.
This post was edited on 8/20/22 at 3:05 pm
Posted on 8/20/22 at 3:05 pm to GRTiger
quote:
I'd call that a favor or positive peer pressure, but I'm just an old millennial. I remember trying to mirror the people that seemed like the stars in the company. Now I suppose we are supposed to corral them so as not to offend the others.
The no child left behind mentality of bringing the top back to the middle. I see some of this but I see more of wasted management effort on trying to bring the bare minimums up instead of cultivating the talents of the future stars. Let the C students be C students as long as they are doing the work. Spend your efforts on the people that will be replacing you when you retire.
Posted on 8/20/22 at 3:05 pm to JohnnyKilroy
quote:
Boomers when discussing politics: THIS COUNTRY IS GOING TO ABSOLUTE shite. THIS IS THE WORST PRESIDENT IN HISTORY AND IT'S ONLY GETTING WORSE!!!! Boomers when discussing later generations: Stupid kids don't realize it's never been better and success is easier than ever in America.
I’m an older Gen X, this post is perfect.
Posted on 8/20/22 at 3:06 pm to RogerTheShrubber
When compared to how much wider home costs are relative to income, absolutely not.
You think it exists in a vacuum?
You think it exists in a vacuum?
quote:And the current situation is, income has not increased at a similar rate so that, even with jobs, you cannot afford a home.
That was the precise situation when I graduated HS, and started college. There was no work, and you couldn't afford a new home.
This post was edited on 8/20/22 at 3:08 pm
Posted on 8/20/22 at 3:07 pm to RogerTheShrubber
quote:
A 100k home in 1982, your note would have been roughly $2,000 with 20% down.
Seems like you don't really have a good grasp on things as usual.
quote:
1982: $69,300
Median Cost Adjusted for Inflation: $173,986.36
That same home would be 250k+ easily in the market now, which is absolutely insane after adjusting for inflation. Which doesn't even factor in COL being lapped by inflation many times over.
Tell me more about how hard it was please.
Posted on 8/20/22 at 3:08 pm to RogerTheShrubber
quote:
Are you claiming that's not a valid point?
Posted on 8/20/22 at 3:08 pm to RogerTheShrubber
quote:
A 100k home in 1982, your note would have been roughly $2,000 with 20% down.
Math not your strong suit I take it.
Posted on 8/20/22 at 3:09 pm to RogerTheShrubber
quote:
100k home in 1982, your note would have been roughly $2,000 with 20% down.
For one, the average home was 85k in 1982.
Today it sits around 375k
Posted on 8/20/22 at 3:09 pm to Scruffy
quote:
When compared to how much wider home costs are relative to income, absolutely not.
So, making an average of 12k per year, and having house notes in the 1000-2000 range doesn't seem out of whack to you?
Posted on 8/20/22 at 3:10 pm to JohnnyKilroy
quote:
Math not your strong suit I take it.
Hey now, Roger took economics back in the 70's at LSU. I won't stand for besmirching his expertise.
Posted on 8/20/22 at 3:10 pm to EarlyCuyler3
quote:No shite.
That same home would be 250k+ easily in the market now, which is absolutely insane after adjusting for inflation. Which doesn't even factor in COL being lapped by inflation many times over.
“We couldn’t find jobs. No one could afford that home.”
People can’t afford homes WITH jobs nowadays.
Posted on 8/20/22 at 3:11 pm to RogerTheShrubber
quote:Relative to modern society, frick no.
So, making an average of 12k per year, and having house notes in the 1000-2000 range doesn't seem out of whack to you?
Posted on 8/20/22 at 3:11 pm to Scruffy
quote:
People can’t afford homes WITH jobs nowadays.
With "good" jobs too.
Posted on 8/20/22 at 3:12 pm to EarlyCuyler3
quote:I am a doctor and the housing market is fricking horrifying.
With "good" jobs too.
Posted on 8/20/22 at 3:15 pm to Scruffy
quote:
I am a doctor
TYFYS!
Not a job I’d do.
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