beerad12man said:
CDUB98 said:
Quote:
Yea I would have to leave my industry learn a trade, spend money and pivot to a off shore rigging.
Good job proving you don't want to do what is necessary to improve your life.
Posts like these miss the point. You shouldn't have to do something that dramatic just to own a modest home in America. Yes, if you want to be rich and own something well above average, that would make sense. Some are simply asking for something modest.
In the last 20-30 years, it's really only the last few you have to do something dramatic to get the same quality you could have 10 years ago doing what he's doing now. Why should American's be okay with that? It's all about percent of income, and it's absurd now. It's our government. Don't blame the person not willing to completely switch careers and do off shore rigging. .
Kind of agree with this.
When my grandparents were my age, people were able to work at coffee shops, liquor stores, as receptionists, etc and live less than 15mins from their standard (for the time) middle class house, and that's in Houston.
We live in different times. Sure, there are cheap homes available relative to current prices. But most are so far away from your job, are in bad neighborhoods, or are not in move-in ready condition.
The difference between now and then is where we are in the economic cycle. Back then, it was the middle class explosion era of our country. Productivity in the economy was through the roof and legitimate economic growth was outpacing the devaluation of the dollar.
Right now, were are in a period of no growth outside of government, in a period where government debt is the only thing growing fast than the devaluation of the dollar, and a time where the fringes at each edge of society are the only ones doing better than before. The middle class is having their pocket picked directly to the benefit to the most unproductive and the elite. And because we are near the end of the debt-leveraged cycle, you are seeing valuations for everything at extremes.
No matter how long the can is kicked in this economy, the pendulum will swing back. The time it takes to do so will be extremely painful for EVERYONE. but the net benefactors will be the middle class as new opportunities emerge for actual productive jobs to the economy and asset valuations resetting against the dollar.
If you are highly leveraged in a home purchased in the last 1-2 years, you better hope you don't lose your job. And you better have a stockpile of cash. Even in a supply crunch, housing prices can fall fast if demand dries up.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)