re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.

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This despite the fact that homes today are 50% larger and come with far more high-end amenities than anything between 1960 and 2000. So everybody wants me to believe that somehow it's so much harder now but actual real economic activity seems to completely debunk the idea

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NEW homes are larger, not all homes. And that’s an huge problem for entry level buyers. There’s very few developers building neighborhoods with 1200 square foot homes. With limited land, the money is in larger, more expensive houses, so that’s what developers build. All the “entry level” money goes into multi family, which means you are a perpetual renter.

And what amenities do new homes have that homes in the 60s and on didn’t?

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Don't bother with facts

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You mean like the fact that it's apparently so hard to buy a home that just as many people own them now as ever did? LOL

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And what amenities do new homes have that homes in the 60s and on didn’t?

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You can't be fricking serious asking this question? But okay I'll give you a biggie. Roughly three times as many homes today have central air and more than twice as many homes have air conditioning of any sort. So that's just one thing before we get to granite countertops and hard floors instead of linoleum and carpet. I mean come the frick on

Today, $1200 might get you a studio sized unit in a shitty neighborhood. Throw in a used car + insurance for another $800 a month

Median income is $40k pre-tax

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One day poor people will just take them

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There’s more bullets than poors. Since bullets became a thing.

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Agree with you there. FDR and LBJ, with their "great society" was the single worst thing to ever happen to this country

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The bad thing was how difficult it made understanding what was going on for the typical person in America. It allowed budgets to explode without even passing anything new. Not that they didn't pass new stuff but the point is they were going to explode anyways. The average person doesn't understand Actuarial tables and how they apply to all of these government programs. And the average person also isn't going to take the time to sit down and figure out just how much better they could have done for example if the Social Security money had just stayed in their check.

So it's really fair for young people to point out that the exploding budget isn't their fault. You're not going to get me to argue with them on that because they're right. About my only complaint with them on that subject is they seem to think the solution is to just keep doing it. It's kind of like discovering your parents of nearly bankrupted the family so you decide frick it and you start spending like crazy. I mean I guess I can understand the motivation but I think you see the problem

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I think it’s absurd yall cant seem to realize how hard this environment is for huge chunks of men in that 18-39 bracket

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This may come as a surprise to you but I happen to talk about this problem all of the time. I'm an old fart dad and I have a son who is 16 and there is plenty plenty plenty for me to be worried about for him going forward. Don't mistake my incredulity in this thread regarding homes as thinking there's nothing that's a problem. If I thought there were no problems of real significance I probably would have been a Harris voter.

My primary gripe with the young voters is that for all of the darts they throw at the older folks they seem to be mad at the wrong older folks. The ones young people have chosen to trust like the people in Academia are precisely the ones who did most of the fricking over.

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think it’s absurd yall cant seem to realize how hard this environment is for huge chunks of men in that 18-39 bracket. For the vast majority, you are on paycheck to paycheck living even if you make 2x median income. America should not be a country where you need to make multiples of the median to live comfortably

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Yeah and the situation obviously inhibits the ability to save as much as you should for retirement. If someone is making the median income there is no hope of them saving 10 percent for retirement and living a comfortable life. The math just doesn't work out.

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The Medium income Amercan Family

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Who cares about Amercans?

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The problem is, nobody wants to start at #1 anymore. Everyone thinks they should be able to start at #5.

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your #1 wasn’t in the ghetto

your #5 has appreciated more than you’re willing to concede

when I was born in 91 my parents bought a 4/2 in the suburbs for 190k. it’s currently listed at 3 million

until people acknowledge that exponentially increasing the population through immigration alone has catastrophic domino effects on literally everything, the discussion is pointless