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We'e WW2 Veteran factory workers really able to buy houses?
12-26-2018, 08:11 AM
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#61
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Originally Posted By MikeLowrrrey⏩
Depends on the state but you can commute into the city from many small towns in a lot of the country. Indiana is one of the more favorable states to do this but I could literally live next to a cornfield in a small town that is basically 3 streets and be in downtown Indy in 30mins.People keep saying move to a small town where housing is cheap, those places don't have the jobs that's in demand. Small town Wyoming isn't gonna hire 300 engineer graduates, 200 nurses, 500 IT graduates. That's why everyone moves to a suburb near a city.
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12-26-2018, 08:13 AM
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#62
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Originally Posted By JoshSP1985⏩
I just used one cast as an example. And then I compare the ****ty wage certain industries make and compare it to 15 years ago when it was like 2 dollars an hour less but things like gasoline were 75% cheaper.Not saying you're wrong but you can't look at one cost by itself.
Lots of things don't add up when you consider wages and inflation. That's a big part of why a lot of people can't save anything.
12-26-2018, 08:20 AM
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#63
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Originally Posted By JoshSP1985⏩
That's Indiana, not so much for every state where a bustling city is near. Not to mention most people want to keep their commute time as low as possible, long commutes are hell. Some small towns just don't have that which is why even during the Industrial Revolution people moved to the city, that's where all the jobs were.Depends on the state but you can commute into the city from many small towns in a lot of the country. Indiana is one of the more favorable states to do this but I could literally live next to a cornfield in a small town that is basically 3 streets and be in downtown Indy in 30mins.
12-26-2018, 08:21 AM
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#64
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My first house I lived in as a kid was built in the 50s post war suburban boom. All brick, two bedrooms, one bathroom, one living room, one kitchen. Like 1200 square feet. How many new build ‘McMansions’ fit that description?
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12-26-2018, 08:23 AM
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#65
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Originally Posted By SillieBazzillie⏩
The average house today is more than twice the size of the average home in 1950. Since the average home in 1950 cost 2.5x average pay, that would be equatable to the average home today being 5x average income. Since its only 4x average income, housing is technically more affordable today than it was back then.No it hasn't. The average house cost to income is like 4x now. Sure you can live cheap in bum phuk nowhere, but then your income will be lower.
But, interest rates are way lower so come to think of it, housing cost really hasn't changed all that much as a percentage of income. It's all the ancillary stuff and companies screwing workers.
But, interest rates are way lower so come to think of it, housing cost really hasn't changed all that much as a percentage of income. It's all the ancillary stuff and companies screwing workers.
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
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12-26-2018, 08:27 AM
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#66
Originally Posted By tnel00⏩
I stand corrected. This is why I misc not see FA and tranny threads. But I do want to say that these houses with the same sq footage have gone up in price in the last 20 years. Ik this isn't related to the post-war time period in OP's post.The average house today is more than twice the size of the average home in 1950. Since the average home in 1950 cost 2.5x average pay, that would be equatable to the average home today being 5x average income. Since its only 4x average income, housing is technically more affordable today than it was back then.
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
And those small houses, they have ballooned in price in high-demand cities against ur post (NYC)
12-26-2018, 08:29 AM
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#67
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Originally Posted By MikeLowrrrey⏩
True, I didn't say you could do that everywhere. For example my bro lives in Cali (military) and takes him 2 hours each way for his commute into San Diego. My point was if that's something you want to do there is a still many areas of the country you can do so.That's Indiana, not so much for every state where a bustling city is near. Not to mention most people want to keep their commute time as low as possible, long commutes are hell. Some small towns just don't have that which is why even during the Industrial Revolution people moved to the city, that's where all the jobs were.
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12-26-2018, 08:34 AM
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#68
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Lot of good posts ITT. Yes, some stuff is more expensive than it used to be, but some stuff is cheaper as a percentage of income, ect.
But what I see as the biggest issue these days, as young couples want the stuff now, and don't work up to it. No starter homes and beater cars, but $275k new housing (and that's way expensive for this area) with 2 new cars/SUVs in the garage, and a boat or camper in the driveway. Can't imagine the debt level they have, with student loans, mortgages, vehicle loans, and childcare costs. Everyone has to get the newest biggest tv, when the old one was working just fine, newest best phone when there's nothing wrong with the old one, ect.
It's a culture of instant gratification instead of planning. Want it now, so put it on the card, instead of saving up for a few months. Consumer debt and student loan debt are at staggering levels.
But what I see as the biggest issue these days, as young couples want the stuff now, and don't work up to it. No starter homes and beater cars, but $275k new housing (and that's way expensive for this area) with 2 new cars/SUVs in the garage, and a boat or camper in the driveway. Can't imagine the debt level they have, with student loans, mortgages, vehicle loans, and childcare costs. Everyone has to get the newest biggest tv, when the old one was working just fine, newest best phone when there's nothing wrong with the old one, ect.
It's a culture of instant gratification instead of planning. Want it now, so put it on the card, instead of saving up for a few months. Consumer debt and student loan debt are at staggering levels.
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12-26-2018, 08:36 AM
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#69
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Originally Posted By Hartski⏩
The bad thing is it will hurt them long term because they'll end up paying way more for things due to interest. I'll be retirement contribution in those examples is almost non existent. Then if you ask them they'll say things like I would rather live now while I'm young than when I'm old and can't do things. Sure go ahead and welcome living the end of your life as a walmart greeter while the rest of us are vacationing.Lot of good posts ITT. Yes, some stuff is more expensive than it used to be, but some stuff is cheaper as a percentage of income, ect.
But what I see as the biggest issue these days, as young couples want the stuff now, and don't work up to it. No starter homes and beater cars, but $275k new housing (and that's way expensive for this area) with 2 new cars/SUVs in the garage, and a boat or camper in the driveway. Can't imagine the debt level they have, with student loans, mortgages, vehicle loans, and childcare costs. Everyone has to get the newest biggest tv, when the old one was working just fine, newest best phone when there's nothing wrong with the old one, ect.
It's a culture of instant gratification instead of planning. Want it now, so put it on the card, instead of saving up for a few months. Consumer debt and student loan debt are at staggering levels.
But what I see as the biggest issue these days, as young couples want the stuff now, and don't work up to it. No starter homes and beater cars, but $275k new housing (and that's way expensive for this area) with 2 new cars/SUVs in the garage, and a boat or camper in the driveway. Can't imagine the debt level they have, with student loans, mortgages, vehicle loans, and childcare costs. Everyone has to get the newest biggest tv, when the old one was working just fine, newest best phone when there's nothing wrong with the old one, ect.
It's a culture of instant gratification instead of planning. Want it now, so put it on the card, instead of saving up for a few months. Consumer debt and student loan debt are at staggering levels.
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12-26-2018, 08:39 AM
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#70
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tons of factors.
-industrial revolutions every 10+ years all the way to 80's
-less foreign competition
-strong unions
-post war booms
-virtually no competition
-factory jobs were plenty
-houses were cheap
watch america in color.
https://www.smithsonianchannel.com/s...-color/1004516
-industrial revolutions every 10+ years all the way to 80's
-less foreign competition
-strong unions
-post war booms
-virtually no competition
-factory jobs were plenty
-houses were cheap
watch america in color.
https://www.smithsonianchannel.com/s...-color/1004516
12-26-2018, 08:40 AM
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#71
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The population levels were way way lower than now.
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12-26-2018, 08:49 AM
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#72
Originally Posted By tnel00⏩
Well I'm sure that not all people did that, but it was fairly common and actually stereotypical.People didn't do this back in the 1950's. Family income means all income the family generates, not just the highest earner.
As stated above, which I missed in my post, women entering the workforce also made it very difficult for a single income earner to support a family since nothing else in the last 70 years has had a more stifling effect on income growth for white collar jobs.
As stated above, which I missed in my post, women entering the workforce also made it very difficult for a single income earner to support a family since nothing else in the last 70 years has had a more stifling effect on income growth for white collar jobs.
Women entering the workforce in increasing numbers probably had some effect on wages. Wasn't the only factor though, or even the most important.
Might check out a book called "The Two Income Trap" which is about how being dependent on two incomes actually decreases a family's financial resilience.
Originally Posted By tnel00⏩
Just don't buy this. Already pointed out that builders moved toward the McMansion model because it was more profitable. Consumers do generally have a preference for newer housing and most of the newer housing coming on to the market has higher square footage.The average house today is more than twice the size of the average home in 1950. Since the average home in 1950 cost 2.5x average pay, that would be equatable to the average home today being 5x average income. Since its only 4x average income, housing is technically more affordable today than it was back then.
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
I've spent more time living in houses around 1,000 square feet than not. Largest ones were about 2,000 square feet.
If you have lived very long/known many people chances are you have encountered at least a few that got that big dream house only to discover it was really a PITA so they dumped it and moved back to something more manageable.
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12-26-2018, 12:11 PM
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#73
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Originally Posted By MikeLowrrrey⏩
Doesnt have to be way the hell up in the mountains near Canada. You can move to the south, salaries will be lower but housing will also be lower. Just have to run the numbers to see if over all lower cost of living makes up for the lower salary. Places like Texas and Florida have no state income taxes which helps too. Florida's worst cost is high property insurance due to hurricanes.People keep saying move to a small town where housing is cheap, those places don't have the jobs that's in demand. Small town Wyoming isn't gonna hire 300 engineer graduates, 200 nurses, 500 IT graduates. That's why everyone moves to a suburb near a city.
12-26-2018, 12:14 PM
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#74
12-26-2018, 12:34 PM
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#75
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Multiple things caused the changes.
First of all, the "American dream" is a lot different in 2018 than it was in the 1940's/50's. Back then, the dream most people had was to own a house with enough room to comfortably accomodate them and a 1-stall garage, 1 car, be able to comfortably feed their families with grocery market food/their own home grown food, a family shared TV and radio, set their kids up to do at least as well or a little better than they did, go to church every week, and most importantly - maintain a stable nuclear family with traditional gender roles respected for the most part.
These days, "the dream" is to own a house with 2-4 extra bedrooms you'll probably seldom use for anything with a 3-stall garage, 3 cars for the adults + 1 car for every kid as they grow up, motorcycles, a boat, a storage unit or two full of your extra chit, being able to eat out numerous times per week including spendier sit-down joints, smart phones and tablets for every member of the family (all to be replaced within 1-2 years of purchase), TV's and computers/music players for each family member, sleeping in on Sunday mornings, send their kids to the most expensive colleges possible (even if it's for a bs degree), and to make sure we accept "all types of families" from those with two gay parents to those with "gender-fluid" swinger parents who push the trans movement onto their kids. Huge difference in what people want these days compared to back then in order to be "happy".
Then there's globalism. Back in the 40's, most of what Americans bought was made right in the U.S., making for a far stronger and self-sufficient economy than you could ever hope for in the era of globalism where 75% of consumer goods are made by what amounts to slave labor in places like China, Indonesia, Mexico, etc. because everyone wants all of the above mentioned crap to be as cheap as possible.
Cliffs:
- People want a hell of a lot more crap in order to be "happy" and "feel fulfilled" in 2018 than in the 1940's and 50's.
- Mainstream societal values have changed tremendously since the 40's.
- Globalism in the name of cheap goods at the expense of self-sufficiency as a country and fewer people in that country having access to a high quality standard of living.
First of all, the "American dream" is a lot different in 2018 than it was in the 1940's/50's. Back then, the dream most people had was to own a house with enough room to comfortably accomodate them and a 1-stall garage, 1 car, be able to comfortably feed their families with grocery market food/their own home grown food, a family shared TV and radio, set their kids up to do at least as well or a little better than they did, go to church every week, and most importantly - maintain a stable nuclear family with traditional gender roles respected for the most part.
These days, "the dream" is to own a house with 2-4 extra bedrooms you'll probably seldom use for anything with a 3-stall garage, 3 cars for the adults + 1 car for every kid as they grow up, motorcycles, a boat, a storage unit or two full of your extra chit, being able to eat out numerous times per week including spendier sit-down joints, smart phones and tablets for every member of the family (all to be replaced within 1-2 years of purchase), TV's and computers/music players for each family member, sleeping in on Sunday mornings, send their kids to the most expensive colleges possible (even if it's for a bs degree), and to make sure we accept "all types of families" from those with two gay parents to those with "gender-fluid" swinger parents who push the trans movement onto their kids. Huge difference in what people want these days compared to back then in order to be "happy".
Then there's globalism. Back in the 40's, most of what Americans bought was made right in the U.S., making for a far stronger and self-sufficient economy than you could ever hope for in the era of globalism where 75% of consumer goods are made by what amounts to slave labor in places like China, Indonesia, Mexico, etc. because everyone wants all of the above mentioned crap to be as cheap as possible.
Cliffs:
- People want a hell of a lot more crap in order to be "happy" and "feel fulfilled" in 2018 than in the 1940's and 50's.
- Mainstream societal values have changed tremendously since the 40's.
- Globalism in the name of cheap goods at the expense of self-sufficiency as a country and fewer people in that country having access to a high quality standard of living.
12-26-2018, 12:47 PM
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#76
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Originally Posted By CommonPheasant⏩
There is real wage stagnation in this country. It's due to women and immigrants flooding into the labor market. The average man's wages in this country have stayed level for 40 years (adjusted for inflation), but the cost of a home has not.And:
Women joined the workforce.When you essentially double the labor pool, labor becomes less valuable. So now families often need two incomes where one would suffice before.
Women joined the workforce.When you essentially double the labor pool, labor becomes less valuable. So now families often need two incomes where one would suffice before.
https://www.epi.org/publication/char...ge-stagnation/
http://www.pewresearch.org/fact-tank...d-for-decades/
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12-26-2018, 12:51 PM
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#77
Originally Posted By Frank
Strong this.You can still buy a home on a single income, you just can't do it in super high demand places like ny,la, San Fran, Toronto, Vancouver, Sydney,etc.
Find an average City to live in and there will be average home prices
Find an average City to live in and there will be average home prices
I support my stay-at-home wife and son on a very middle-class single salary. We own a 2600sq ft house in a nice neighborhood and have two 2016+ cars in the driveway.
It's very possible. You just can't spend your money on stupid, useless chit.
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12-26-2018, 12:51 PM
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#78
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Originally Posted By tnel00⏩
Prices of homes is going up faster than inflation. It's not more affordable now. In fact, it's less and less affordable every year.The average house today is more than twice the size of the average home in 1950. Since the average home in 1950 cost 2.5x average pay, that would be equatable to the average home today being 5x average income. Since its only 4x average income, housing is technically more affordable today than it was back then.
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
What makes people perceive homes are less affordable today is due entirely to how consumers preferences have changed
https://www.cnbc.com/2017/06/23/how-...ince-1940.html
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12-26-2018, 01:11 PM
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#79
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Originally Posted By Anachron⏩
A ton of people forget about this part of it. What constituted a "nice house" in 1946 had fewer amenities than a brand new 3 bedroom/2 bathroom single wide mobile home trailer these days. What makes for a "nice house" in 2018 would literally have been semi-mansion status back in the 40's and 50's, and people like to forget about that fact when bitching about house prices. Go shopping for a 2 bedroom/1 bathroom house with 1-stall or no garage, and an unfinished basement in an average city, and I promise you the prices won't seem nearly as absurd to compare to the 40's prices after accounting for inflation.In 1950, median home was a two bedroom postwar one and a half.
Not a four bedroom, three bathroom, finished basement, attached garage mansion.
Not a four bedroom, three bathroom, finished basement, attached garage mansion.
All that said though, houses were built SO much better in the 40's/50's/60's than they are today, it's not even funny. You're better off remodeling a house with a full/possibly unifnished basement built in the early 80's and prior than you are buying brand new, so long as the older house is still in good shape and in a neighborhood that the residents haven't let go to hell. New homes have been built with toothpicks, Q-tips and super glue since at least the early 2000's.
12-26-2018, 01:16 PM
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#80
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Originally Posted By lockdev⏩
Yeah, but there's absolutely zero way you're doing all of that on a single middle class income without either a ton of family support and/or debt, regardless of how frugal you try to be. Just the facts.Strong this.
I support my stay-at-home wife and son on a very middle-class single salary. We own a 2600sq ft house in a nice neighborhood and have two 2016+ cars in the driveway.
It's very possible. You just can't spend your money on stupid, useless chit.
I support my stay-at-home wife and son on a very middle-class single salary. We own a 2600sq ft house in a nice neighborhood and have two 2016+ cars in the driveway.
It's very possible. You just can't spend your money on stupid, useless chit.
Not that this pertains to your situation, but I always lol @ certain people who make middle class incomes and call other people idiots who aren't smart with their money. I know a guy on a middle class income who is intermittent at his job, doesn't always even hit his full-time hours at work despite prefering to. He's married with an adopted kid from his wife's gegenerate sister and always laughs at other people making similar money who struggle. His wife is also middle class income.
Here's the difference, though: He's been living rent-free at his mother in-law's house for YEARS. On the flip side, I also know another middle class guy who lived at home until like 34 before moving in with his hippie gf (neither has kids) and still eats Roma pizzas for dinner while bitching about how he's always broke, meanwhile he spends absurd amounts of money getting his greenery fix every day.
12-26-2018, 04:29 PM
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#81
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My parents paid around $3,000 for a year of college. Now there are some schools where it's almost $40,000 a semester.. room and board not included. They also have a house that was worth 82,000 in 1976, it's worth almost $400,000 now.
Will close with this: buy a house now if you're an in emerging market because 10 years down the road it will be worth more! Live long and property.
Will close with this: buy a house now if you're an in emerging market because 10 years down the road it will be worth more! Live long and property.
:D
12-26-2018, 04:32 PM
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#82
Originally Posted By Peacening⏩
Negged!There were lots of govt programs making homes more affordable at the time but yes min wage peaked in the 60's iirc it was the equivalent to something like $20/hour now but goods and services were far cheaper then. Factory workers probably made above min wage too.
We could get back there if:
-unions came back
-manufacturing jobs came back
-rich people and corporations actually started paying their fair share of taxes
We won't get there because:
-unions won't come back
-manufacturing jobs won't come back, in fact automation and AI is going to reduce the current job market by approximately twelve million percent
-rich people and corporations will continue to pay less while taking more and more from tax payers until crony capitalism is no longer
We could get back there if:
-unions came back
-manufacturing jobs came back
-rich people and corporations actually started paying their fair share of taxes
We won't get there because:
-unions won't come back
-manufacturing jobs won't come back, in fact automation and AI is going to reduce the current job market by approximately twelve million percent
-rich people and corporations will continue to pay less while taking more and more from tax payers until crony capitalism is no longer
12-26-2018, 04:33 PM
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#83
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Im an old but not that damn old.
I have never been able to afford a house. They are always just out of reach and would be too much of a stretch compared to renting.
Housing prices here in San Diego are ridiculous.
If I moved on my meager income I would be able to buy one. I dont move because my Mom is alone and old so i dont want to leave her all by herself so i can buy a house.
Look at places like the midwest and the south. Houses are cheap there and nice.
You can still afford one. The differences are that the ww2 vets didnt whine about how bad they had it, They just got on with life. They also did not have student loan debt. They didnt have much debt at all because it simply was not available.
get rid of yours and life will be pretty much like a ww2 vets life.
Took me a long time to get rid of mine.
I have never been able to afford a house. They are always just out of reach and would be too much of a stretch compared to renting.
Housing prices here in San Diego are ridiculous.
If I moved on my meager income I would be able to buy one. I dont move because my Mom is alone and old so i dont want to leave her all by herself so i can buy a house.
Look at places like the midwest and the south. Houses are cheap there and nice.
You can still afford one. The differences are that the ww2 vets didnt whine about how bad they had it, They just got on with life. They also did not have student loan debt. They didnt have much debt at all because it simply was not available.
get rid of yours and life will be pretty much like a ww2 vets life.
Took me a long time to get rid of mine.
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12-26-2018, 04:42 PM
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#84
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Originally Posted By northernlights7⏩
This is so true. I live in a 1950 rancher on an acre so I have a decent amount of land. The house though is 1,500 sq ft, 3 beds, 2 baths. Each bedroom is 13x12 and the walk in closets are walk in insofar as you can open the door and look inside. All about 4 x 4. No master suite.A ton of people forget about this part of it. What constituted a "nice house" in 1946 had fewer amenities than a brand new 3 bedroom/2 bathroom single wide mobile home trailer these days. What makes for a "nice house" in 2018 would literally have been semi-mansion status back in the 40's and 50's, and people like to forget about that fact when bitching about house prices. Go shopping for a 2 bedroom/1 bathroom house with 1-stall or no garage, and an unfinished basement in an average city, and I promise you the prices won't seem nearly as absurd to compare to the 40's prices after accounting for inflation.
All that said though, houses were built SO much better in the 40's/50's/60's than they are today, it's not even funny. You're better off remodeling a house with a full/possibly unifnished basement built in the early 80's and prior than you are buying brand new, so long as the older house is still in good shape and in a neighborhood that the residents haven't let go to hell. New homes have been built with toothpicks, Q-tips and super glue since at least the early 2000's.
All that said though, houses were built SO much better in the 40's/50's/60's than they are today, it's not even funny. You're better off remodeling a house with a full/possibly unifnished basement built in the early 80's and prior than you are buying brand new, so long as the older house is still in good shape and in a neighborhood that the residents haven't let go to hell. New homes have been built with toothpicks, Q-tips and super glue since at least the early 2000's.
BUT the house is built like a...well brick house. It's all brick, the footers and joists are true 2 x 6s, and trying to drive a nail into one is difficult. The roof is made up of a million thick joists that I'm pretty could hold up to just about any tree.
BUT...the insulation sucks and you'll spend a ton of money adding the niceties that you want. When you're a young couple though, an older, well maintained house is a great alternative to a new, no-yard mcmansion.
Early AM workout crew.
Holy crap dude, Satan's huge crew.
12-26-2018, 04:46 PM
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#85
- fishnbrah
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- fishnbrah
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Originally Posted By Peacening⏩
you mean like how unions saved detroit.....There were lots of govt programs making homes more affordable at the time but yes min wage peaked in the 60's iirc it was the equivalent to something like $20/hour now but goods and services were far cheaper then. Factory workers probably made above min wage too.
We could get back there if:
-unions came back
-manufacturing jobs came back
-rich people and corporations actually started paying their fair share of taxes
We won't get there because:
-unions won't come back
-manufacturing jobs won't come back, in fact automation and AI is going to reduce the current job market by approximately twelve million percent
-rich people and corporations will continue to pay less while taking more and more from tax payers until crony capitalism is no longer
We could get back there if:
-unions came back
-manufacturing jobs came back
-rich people and corporations actually started paying their fair share of taxes
We won't get there because:
-unions won't come back
-manufacturing jobs won't come back, in fact automation and AI is going to reduce the current job market by approximately twelve million percent
-rich people and corporations will continue to pay less while taking more and more from tax payers until crony capitalism is no longer
12-26-2018, 04:47 PM
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#86
- fishnbrah
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- fishnbrah
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Originally Posted By northernlights7⏩
my house was built in the 60s. amazing how much more energy efficient it is. which is nice since im in azA ton of people forget about this part of it. What constituted a "nice house" in 1946 had fewer amenities than a brand new 3 bedroom/2 bathroom single wide mobile home trailer these days. What makes for a "nice house" in 2018 would literally have been semi-mansion status back in the 40's and 50's, and people like to forget about that fact when bitching about house prices. Go shopping for a 2 bedroom/1 bathroom house with 1-stall or no garage, and an unfinished basement in an average city, and I promise you the prices won't seem nearly as absurd to compare to the 40's prices after accounting for inflation.
All that said though, houses were built SO much better in the 40's/50's/60's than they are today, it's not even funny. You're better off remodeling a house with a full/possibly unifnished basement built in the early 80's and prior than you are buying brand new, so long as the older house is still in good shape and in a neighborhood that the residents haven't let go to hell. New homes have been built with toothpicks, Q-tips and super glue since at least the early 2000's.
All that said though, houses were built SO much better in the 40's/50's/60's than they are today, it's not even funny. You're better off remodeling a house with a full/possibly unifnished basement built in the early 80's and prior than you are buying brand new, so long as the older house is still in good shape and in a neighborhood that the residents haven't let go to hell. New homes have been built with toothpicks, Q-tips and super glue since at least the early 2000's.
12-26-2018, 04:56 PM
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#87
- IPoopStandingUp
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- IPoopStandingUp
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Originally Posted By MikeLowrrrey⏩
We can and I do. If you cant afford a house you arent trying hard enough.What happened? How come we can't do this anymore?
12-26-2018, 05:23 PM
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#88
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- Bassackwards
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the main difference is income and what people are willing to pay. income after WWII wasnt high and the generations that lived thorough WW1 through WW2 were used to holding onto their monies. they lived through the depression and rationings, so they were very conservative in their spending. even if they had money to spend, they generally bought what they needed and within their budget.
as income grew, so did the housing markets. the mentality of owning a home differed that previous generations; people now buy what they want, not what they need and willing to pay for inflated houses. if you look at the bay area, real estate keeps getting higher because the jobs there pay more, and people are willing to keep paying their expensive rents/mortgages. compare it to the midwest where there arent high paying jobs, real estate is lower.
as income grew, so did the housing markets. the mentality of owning a home differed that previous generations; people now buy what they want, not what they need and willing to pay for inflated houses. if you look at the bay area, real estate keeps getting higher because the jobs there pay more, and people are willing to keep paying their expensive rents/mortgages. compare it to the midwest where there arent high paying jobs, real estate is lower.
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12-26-2018, 05:33 PM
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#89
- TheAdlerian
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Originally Posted By MikeLowrrrey⏩
I believe it's a conspiracy.Always wondered this. 1 guy could work a decent job and afford a house for his family.
What happened? How come we can't do this anymore?
What happened? How come we can't do this anymore?
I think that rich people want to ruin society and create a lack of stability among people, creating hate, bad family structures, etc in order to more easily control people.
If they have no chance of stability, they will not mate well, people will be unhappy, and children will turn out psychologically messed up. Rich people who come from stable situations will have an advantage because they won't have the mental illness associated with people from chaotic backgrounds.
If you want to ask me a question:
Ask: TheAdlerian
http://forum.obnoxiousbrutes.com/showthread.php?t=150655983&p=1000366043#post1000366043
Read my science fiction novel:
http://www.amazon.com/Echelon-Adlerian-ebook/dp/B00RCFFTKC/ref=sr_1_1?ie=UTF8&qid=1419640250&sr=8-1&keywords=Echelon+the+adlerian
12-26-2018, 05:47 PM
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#90
- tnel00
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- tnel00
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Originally Posted By US_Ranger⏩
Larger labor pool = depressed wagesSome good posts and some terrible posts in here.
I know one thing (from personal experience). Wages have definitely not kept up with inflation in many fields. The cost of gasoline alone vs how much hourly wages have sloooooooowly gone up is enough in itself.
I know one thing (from personal experience). Wages have definitely not kept up with inflation in many fields. The cost of gasoline alone vs how much hourly wages have sloooooooowly gone up is enough in itself.
Originally Posted By MikeLowrrrey⏩
Keep your commute time low, expect to pay more for housing.That's Indiana, not so much for every state where a bustling city is near. Not to mention most people want to keep their commute time as low as possible, long commutes are hell. Some small towns just don't have that which is why even during the Industrial Revolution people moved to the city, that's where all the jobs were.
Originally Posted By colbski⏩
The rapid increase in the cost of college from the late 80's through the early 2000's is far more outrageous considering the value of the degree you're obtaining is less today than one 30 years ago, unlike housing which now include more amenities, are built more sturdily, appreciate in value, etc.My parents paid around $3,000 for a year of college. Now there are some schools where it's almost $40,000 a semester.. room and board not included. They also have a house that was worth 82,000 in 1976, it's worth almost $400,000 now.
Will close with this: buy a house now if you're an in emerging market because 10 years down the road it will be worth more! Live long and property.
Will close with this: buy a house now if you're an in emerging market because 10 years down the road it will be worth more! Live long and property.
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