- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The math for buying a home no longer works, per WSJ
Posted on 12/21/23 at 11:00 am to Scruffy
Posted on 12/21/23 at 11:00 am to Scruffy
quote:
That is median. The upper 50% of homes aren’t the only ones that are going up in price.
The bottom is as well.
You do understand that right?
Is the first time homebuyer income on average above or below the median income?
Is the first time homebuyer price on average above or below the median price.
It is "selective" statistics.
Two totally irrelevant numbers with regards to the problem (how difficult it is to become a homebuyer).
And it is chosen specifically to get people to discuss a problem based on numbers that are irrelevant to the problem.
You do understand how clickbait journalism works?
0
Posted on 12/21/23 at 11:09 am to Darth_Vader
quote:
Nothing today’s young people are facing is new or unique.
But just remember, if joe biden gets reelected this country is pretty much done for and we will become venezuela if we are lucky.
Or was all that a load of whiny bullshite?
This post was edited on 12/21/23 at 11:22 am
Posted on 12/21/23 at 11:10 am to Scruffy
quote:
And income is not increasing at an equivalent rate to account for that.
I keep seeing this.
But I also have 4 teenage kids. 2 of whom are making more than my wife did per hour 20 years ago as an accounting professional. Those 2 kids work in restaurants.
My 16 year old daughter at Walmart is making about $1.30 less than my wife made at NAPA per hour.
Waffle House is hiring at $20/hr.
Income is most definitely increasing. Maybe this is a Trickle Up economy.
Posted on 12/21/23 at 11:11 am to meansonny
quote:
Income is most definitely increasing
Maybe on the bottom end. The middle isn't going anywhere.
Posted on 12/21/23 at 11:13 am to meansonny
quote:
Average Waffle House hourly pay ranges from approximately $8.94 per hour for Crew Member to $19.40 per hour for Maintenance Technician. The average Waffle House salary ranges from approximately $57,017 per year for General Manager to $57,992 per year for Restaurant Manager.
Salary information comes from 69 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Indeed
Are you just making up numbers?
This post was edited on 12/21/23 at 11:15 am
Posted on 12/21/23 at 11:21 am to DownshiftAndFloorIt
quote:
Maybe on the bottom end. The middle isn't going anywhere.
Trickle up economy.
Posted on 12/21/23 at 11:22 am to meansonny
quote:
meansonny
Dude you paid $12 for your house and made $18 for salary.
The data is beating you over the head that shite is different and you are still sticking your head in the sand.
Posted on 12/21/23 at 11:23 am to hubertcumberdale
quote:
Are you just making up numbers?
No.
I eat at Waffle House and the table top advert lists that they are hiring with starting pay at $20/hr.
You looking for work?
Posted on 12/21/23 at 11:25 am to jclem11
quote:
Dude you paid $12 for your house and made $18 for salary.
The data is beating you over the head that shite is different and you are still sticking your head in the sand.
I don't know what any of that means.
I never said that "shite wasn't different".
You can explain your point. Or don't.
Posted on 12/21/23 at 11:27 am to meansonny
nearly a decade of sub 5% unemployment drove up lower-end jobs.
Remember all the "no one wants to work" threads from a year or two ago?
That was largely cause they wanted to hire a forklift operator for $11/hour when target was offering $17/hour
Remember all the "no one wants to work" threads from a year or two ago?
That was largely cause they wanted to hire a forklift operator for $11/hour when target was offering $17/hour
Posted on 12/21/23 at 11:29 am to meansonny
quote:
No.
I eat at Waffle House and the table top advert lists that they are hiring with starting pay at $20/hr.
You looking for work?
I am not seeing any starting wages for waffle house at $20/hr other than you claiming it anonymously online
Appears they are starting closer to $8/hr based on all the major recruitment websites information/job listings
Posted on 12/21/23 at 11:31 am to JohnnyKilroy
quote:
But just remember, if joe biden gets reelected this country is pretty much done for and we will become venezuela if we are lucky.
Or was all that a load of whiny bullshite?
That's actually a fact that should terrify everyone. What's worse is you could sub out Biden for a number of other people and if they run instead and win it would be the same outcome.
Posted on 12/21/23 at 11:34 am to Chucktown_Badger
quote:
That's actually a fact that should terrify everyone
Yall said that 12 years ago. Yet we are still here and by yalls own admission, shite really isn’t any worse than it was before obama and co.
Hell a lot of yall are saying things are BETTER in Biden’s America than it was when yall came up under reagan, bush and clinton.
Posted on 12/21/23 at 11:36 am to meansonny
quote:The responses I am seeing here are like the ones we get in the BMI threads.
But I also have 4 teenage kids. 2 of whom are making more than my wife did per hour 20 years ago as an accounting professional. Those 2 kids work in restaurants. My 16 year old daughter at Walmart is making about $1.30 less than my wife made at NAPA per hour.
“Well, my situation is this therefore all statistics are completely wrong.”
Also, no one is saying that wages are not increasing at all over time.
It is just that the rate of increase is significantly less than the rate at which prices are increasing, something that started to widen in the 80s and then diverged heavily in the early 2000s and is widening even more now.
I make more than my dad did starting out…but my purchasing power is SIGNIFICANTLY weaker. Hell, my dad could pay for his college tuition and living with a part time job.
That is impossible now.
Where did we go wrong?
This post was edited on 12/21/23 at 11:41 am
Posted on 12/21/23 at 11:38 am to Chucktown_Badger
quote:That is what you will get with the current course.
Government price controls? Socialism? Taxpayer funded subsidies?
quote:The only way to fix it is to alter the direction our government is heading fiscally.
So what do you/they want?
I’ll be honest, I think we are too far gone though.
Posted on 12/21/23 at 11:54 am to Scruffy
quote:
Where did we go wrong?
it is not entirely this but Congress races being won on Fox News and not policy has rendered them completely useless.
all that is left is a bunch of populists who don't have an altruistic blood cell in their body.
Posted on 12/21/23 at 11:55 am to DownshiftAndFloorIt
quote:
Maybe on the bottom end. The middle isn't going anywhere.
SSA.gov shows the average income has grown 3.27% average per year since 2020.
My first home has grown 3.6% per year since 2003 (new construction) per zillow (doubled in 20 years).
My second home (current home) is growing at the same rate (3.6%) over the past 17 years.
So yeah. There's an annual gap (0.33% per year) in the anecdotal example.
That's what all the bitching and moaning is about between millenials and Gen X. The unfair 0.33% per year "math problem that no longer works".
Posted on 12/21/23 at 11:58 am to meansonny
quote:
SSA.gov shows the average income has grown 3.27% average per year since 2020.
My first home has grown 3.6% per year since 2003 (new construction) per zillow (doubled in 20 years).
My second home (current home) is growing at the same rate (3.6%) over the past 17 years.
How much have wages increased since 2003?
How much has the median home price increased since 2003?
Its not 0.33%
Posted on 12/21/23 at 11:58 am to meansonny
quote:
SSA.gov shows the average income has grown 3.27% average per year since 2020.
surely that kept up with inflation
Page 30 of 32
Popular
Back to top
Follow TigerDroppings for LSU Football News