TimBay
Well-Known Member
Here's a quick read on wages from 1967. It breaks up wages by tiers. The average household should do the same since it includes garbage places where nobody has ever wanted to live.
I love America and Americans but the "American Dream" died...for the most part.
- Thread starter Dave Taylor
- Start date
A Potted Plant
Honorary Sod
Issue here is people use housing as an investment so available homes for ownership will continue to become more expensive for no good reason.
W.e. gonna buy water futures so I can still have something to drink in 10 years
Dave Taylor
Rex kwan Do
I’m betting you didn’t grow up not going to school because you were embarrased to wear dirty clothes because your parent(s) couldn’t afford a washer and dryer.
33,000 in 1960. money doubles every 10 year at 7%
33,66,132,264,528,1056,2112
median home price in E. Hampton $1.7M - https://www.realtor.com/realestateandhomes-search/East-Hampton_NY/overview
right in line with the price back then.
we all tend to look at things with linear math - how could everything become so expensive?
but it isn't linear, it is exponential. we want our 2% raise each year if we don't change anything.
we have to change, evolve, to keep up. That means risk. Job hopping is one of those risks.
expanding business, raising prices, optimizing inventory.
This is the problem with $15/hr fast food workers (or the kid you want to hire to change tubes in the front of the house.)
The person making the fries is supposed to be in a transitional position, not a permanent job.
Learning the skill of timing, anticipating, paying attention, multi-tasking.
They could go onto a management role, or take their food skills up a notch.
you'll also see other cultures are not focused on getting the kids out of the house and on their own.
multiple generations live together - they combine forces, and optimize the talent in the house.
They do better as a team. The Latinos working the golf course are probably living and commuting together.
Living simple, drink cheap beer, swim in the river, doing what they have to do. And they aren't illegals
like you all assume. yeah, the person that owns the company should be making a ton more -
they built the business, they took the risk - it may have started as cutting the neighborhood lawns in HS.
when they use their home equity loan to keep the business cash flow solvent (make payroll), they don't tell the employees.
College was a good investment for me. It isn't for everyone, but being educated to further your
vocation or profession is the way to keep pace. Taking risks is the way to get ahead.
Are you willing to bet on yourself?
Dave Taylor
Rex kwan Do
https://listwithclever.com/research/home-price-v-income-historical-study/ In 1958 you could buy a house with one year of your salary on average. Now it’s over 5x that with mortgage:/taxes factored in.
I guess that depends upon the hood. My parents bought their house in Queens in 1963 for $23k. Same house sold recently a little over a $1 million. This is a 1200 sq ft house.
The Kalmyk
Well-Known Member
👍🏻I know many people like this. They hold great parties and cook like none other
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Working in a toxic corporate environment where you can be punished for doing a good job is good job security? By security do you just mean that the company won't go out of business and leave you unemployed? Just because your corporate overlords will keep the ship running doesn't mean your job is secure.
rick81721
Lothar
Haha I'm old but not that old. I went to college in 1976!
Dave Taylor
Rex kwan Do
One thing you and I never had to do was live in a one bedroom apartment with 15 other strangers because we couldn’t afford it between 1 or 2 friends. That’s how these mexicans u speak of live. Stop at the wawa in red bank at 6am. They don’t get ss benefits. Honestly, I thought I was poor because we shopped at Laneco but in reality I had it pretty good. The entire way through school we were expected to continue on to college. We had the groundwork laid out for us. Same with unions and nepatism. I hear it all day long how guys worked hard to get in the union. BS, your dad’s, uncle’s brother got you in the union.
Steve Vai
Endurance Guy: Tolerates most of us.
And a Yenko Camaro was $2,500. #thingsdonechanged
Dave Taylor
Rex kwan Do
A house isn’t really an investment once you factor in a 30 year mortgage and taxes.
Dave Taylor
Rex kwan Do
This still happens in the intercity schools. I will be that guy and say it. White privledge. Why because we(anyone middle class or above) don’t care to educate the poor/lower class. We keep them that way. DARE was a great program in the 80s to reverse wage/race equality that was on an uptrend. All DARE did was get the inner city hooked on crack. Have we waged a war on drugs? Nope...
most people would not save a dime if they were renting.
and that is a core problem.
Dave Taylor
Rex kwan Do
Dave Taylor
Rex kwan Do
People have this mindset that buying a house makes them a real estate investor. Maybe if you are fortunate enough to ammortize your line but paying interest and taxes over 30 years will have you paying close 4x the value of your home.
TimBay
Well-Known Member
Renting a 2-3 bedroom for a family is almost as much if not more than owning...but when you own, at least you are earning potential equity.
Dave Taylor
Rex kwan Do
My parents in pottersville paid $31k in 1970. Sold for $600k plus in 2019.
Dave Taylor
Rex kwan Do
Not really considering how much you pay in interest, taxes and upkeep.