OT Unregulated capitalism killing the American Dream

the last year and a half has left many shipping containers lying dormant and empty...it's the new tiny house craze...with the trade wars who needs shipping containers?

 

well that explanation changes the shape of the original post a bit (even if you are totally correct).

 

we actually are. they just aren’t accepting it.

(and I’m okay with that.)

 

Its not a post looking for empathy. I do fine for myself. I’m just appalled at the housing market and I’m sure I’m not alone

 

And it wasn’t very hard to get rich off real estate as long as you purchased a home every 10 years from about 1985 until now.

 

I make 6 figures too and I don’t feel I’m well to do by any means and I’m actually very frugal

 

totally understood and agreed. that later addition adds a bit to your original post.

i mean, I feel bad for folks. But I also deal with a lot of folks a few years younger with an enormous and uncomfortable amount of sense of entitlement while being shit workers. Many Boomers were quite likely given an easier shot at life, but at least many of them still worked for it rather than expecting handouts.

I admit my perception could very well be out of line, but it’s my experience.

 

I dunno. Given interest rates and everything, that math seems off. I don’t make $350-400K and I qualify for well over $500-600K. Even with us going conservative and not by the “guidelines” of affordability.

 

i have no debt and an 800 credit score and 8 years ago I qualified for 530k. But 530k shouldn’t get you a fixer upper across the street from a Walmart in the hood

 

your math is still off. If interest rates are 2% versus 10%, it still creating impacts buying power. You’re way oversimplifying the math.

 

If you’re single sure.

 

We provide free childcare for our family here or they'd struggle more with the mortgage...they have friends with kids that are basically givinga chunk of their salary to daycare centers for the kids..

 

Yeah. I’m not disputing that housing costs have gone up. But your choosing arbitrary figures to show your point. What is a $60k house in 1996, say, today? Where is compensation for the same time period?

I’m not arguing the overall point because only an idiot would argue that compensation has grown as quickly as housing (and I’ve already acknowledged there’s an issue). I’m just saying you’re over-simplifying it. Clearly, housing costs are growing more quickly than compensation.

I swear some of y’all want to argue for the sake of arguing.

yawn

#FAMS

 

Since we’re talking about consumer prices of sorts….

I saw a brand-new, tricked-out Nissan Sentra selling for $25K. WTF?

Auto prices are absurd, too.

 

Funny you mention freightliner. My dad was a machinist at freightliner and his top rate right before he retired 3 years ago was $26 an hour. I make $39.38 an hour, soon to be $40 in august and my lady makes $22. I can pocket at least 80k off the place I’m in now and STILL we don’t feel completely comfortable dropping the money on a place for $500k that 3 years ago sold for $300k

 

And again this isn’t a rant because I feel like I’m doomed. I just don’t want my kids and step kids to be living with me when they’re 40

The next gen is fucked unless something drastically changes

 

My parents bought their first house in 83’ for 40k. Their 2nd house in 93’ for 180k, their 3rd house in 2001 for 230k. That house now is valued at well over 600k.

My dad was always ingrained in him by his father to save for retirement so he stacked up his 401k and has a good pension.

But that game will never be played on my end and I’ve come to accept it. I just want something to stabilize at some point

 

I live in East Bay. Why would an A's fan live in San Francisco?