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Answer the question.
How is it that a family could be supported on one income 50 years ago, but today even two income households are deep in debt?
Oh please. You left wing folks sure are able to overlook the sexual exploits of your past Presidents. Funny how I can't remember the democrats complaining about JFK and WJC. Nobody is going to say everything a person does is ok but the primary job is being President and most of us are more concerned with what he is doing now, and not 10 years prior to becoming President. Take a look at the life history and Presidential exploits of those two democrats I mentioned
Your question is embarrassingly wrong. MANY families could survive on 1 income 50 years ago...and many required both parents to work. Today, MANY families survive on single income providers...and many require both parents to work.Answer the question.
How is it that a family could be supported on one income 50 years ago, but today even two income households are deep in debt?
Missed that. Apologies.
On the other hand what you said makes no sense. Property taxes are paid on the assessed value of the home not your equity. From the day I bought my house I’ve been paying property on the full assessed value of the home despite only owning 15%.
Principal isn’t profit. Only that principal that is above the selling price.
Mortgage interest makes up the vast bulk of mortgage payments until relatively late in the loan’s term. You might deride it as a “temporary cost” whatever the hell that means but it is still a cost that must be paid every month and the money had to come from somewhere. Why should the tenant be responsible for it? Because people who rent property out don’t do it to lose money.
What's the difference between this and the water bottle example? You said the water bottle scenario was morally repugnant. What's different that makes this okay?Exploiting the need of others? I’m offering to rent a property to help me put food on my table and maybe long term secure my retirement. If you can afford the rent that I’m looking for - that I need to make it worth my while to rent it - fine.
If not also fine - just go do business with someone else.
Lets examine some things.Answer the question.
How is it that a family could be supported on one income 50 years ago, but today even two income households are deep in debt?
Look at the chart. I'm comparing median home prices and median incomes. This isn't a spending problem. It's a cost of living problem. Housing should get cheaper with time. Necessities shouldn't be harder to get as society gets richer.There are lots of ways to approach that question. 50 years ago, people lived in much smaller homes generally, had 1 car, etc. so the standard of living even for the poor today is much better than it was then. People also have a spending problem if building wealth is what you are concerned about. They spend too much on their wants. Not being judgy about it. I do too. I put 10% in my 401K, am buying a house, have savings and investments, and some rental property I inherited, but I still waste a lot of money on stupid things. I decided I wanted a rock garden in my yard. I have also wanted a small pond. I am now about 2/3rds the way to a big rock garden surrounding a small pond and kicking myself over and over again for how stupid I am to be sinking this much time and money into such a trivial project. That's life I guess. No matter what cloth we are cut from, we will always have wrinkles needing ironed in someone else's eyes.
I have looked into it. So did Case-Shiller. Their index takes this into account. Home prices are still way higher than they were 50 years ago.Have you looked at the differences between what a family expected in that house 50 years ago compared to today. How massive houses have grown since then. The average house size has almost doubled since the 1970s. People now demand a huge house, multiple big screen TVs, smart phones for everyone in the family and multiple new cars.
Look into a few of those things and you will answer your own question.
Wrong. Male incomes are far lower today.Your question is embarrassingly wrong. MANY families could survive on 1 income 50 years ago...and many required both parents to work. Today, MANY families survive on single income providers...and many require both parents to work.
You should really try studying history and not getting your economic education from leftist memes.
Wrong. Male incomes are far lower today.
Notice that I'm the only one providing real data here. You're trafficking in narrative. You're wrong.
And you ignore the fact that housing becoming more expensive relative to income contributes to all of those things, especially single motherhood. It turns out that when men have low wages, women will still have sex, but they won't be interested in marriage. Sadly that's human nature.Lets examine some things.
WHat is REALLY different today from 50 years ago?
A lack of personal spiritual foundation.
A dramatic increase in single mother led homes.
More and more children born out of wedlock.
The abandonment of the middle income service industry driven economic base.
A dramatic increase in divorces.
Social ills...people so ****ed up they dont know what of 117 different gender types they are.
A transformation of an expectation that life is supposed to involve hard work to a belief that life is supposed to be 'fair'.
The vilification of competition.
The transformation of college campuses as a place of higher learning that facilitated higher paying careers to a hiding places for lost children that run up massive debt while being indoctrinated as to the benefits of socialism and the evils of capitalism. Let the irony of that sink in for a bit.
The change in expectation that minimum wage jobs should be jobs for teenagers or second income jobs to the notion that people should be able to have careers with 'livable wages' as a fry cook.
The shutting down of shop and trade programs in high school.
Lots of things that have changed.
It's only gotten worse.Data is ten years old.
Look at the chart. I'm comparing median home prices and median incomes. This isn't a spending problem. It's a cost of living problem. Housing should get cheaper with time. Necessities shouldn't be harder to get as society gets richer.
No...Im not wrong. People that dont marry til they graduate from school and have jobs...people that dont have kids until they are married...and that have a plan and budget can live as successfully today as they did 50 years ago. People that dont cant. And today there are a lot more that dont than that do.Wrong. Male incomes are far lower today.
Notice that I'm the only one providing real data here. You're trafficking in narrative. You're wrong.
It's only gotten worse.
Public housing has been an awful experience in this country.In many places houses do get cheaper over time and that is why they end up being slums. A 50 year old is less desirable to purchase so it becomes a rental. As a rental it becomes less desirable without additional upgrades so it doesn't get market rates. The less people are willing to rent it for, the less the landlord puts into it. Rinse and repeat until it is a crack house.
Anyway, the only solution to this is more public housing. Any time the government tries to fix an issue on the cheap, it makes it worse.
So when I find you dying in the desert I hope you have $500 to pay for my water or you're dying. Tough luck.No...Im not wrong. People that dont marry til they graduate from school and have jobs...people that dont have kids until they are married...and that have a plan and budget can live as successfully today as they did 50 years ago. People that dont cant. And today there are a lot more that dont than that do.
Your chart doesnt say **** about the motivation, action, or efforts of those 'men' they are citing.
Look...are you really goofy enough to believe that 50 years ago people even USED the word 'barista', let alone looked to being a 'barista' as a career choice?
Lots has changed. For some stupid reason you are trying to pin the blame for your failures on landlords.
Lol, talk about being willfully blind.Looks like it's picking up in the last few years. Assuming this particular number means anything, of course. My statistics professor used to say "just because you can apply a mathematical operation to two numbers does me you should or that the result has any useful meaning."
Self confession?Lol, talk about being willfully blind.
Yes that's true, but for workers living in their cars, I would say an increase in standard of living is warranted.
Landlords who are profiting while their tenants are spending 50% of their income are engaging in injustice.
Especially when landlord profits average 5-15% per year without taking into account property value increases. It's a lucrative field, but families are getting crushed.
Further, wages aren't coming anywhere close to keeping up with the cost of living, not to mention productivity. Are you okay with average people finding it harder to start families and provide for them even though we're supposedly richer?
To what do you have higher loyalty? Obscure economic principles? Or families?
And especially Catholics, if you're not concerned about what's going on, you're directly contradicting Catholic social teaching.
Landlords and housing prices aren't separate issues.- How about you also shift the blame to the outrageous housing prices in LA and other parts of California instead of focusing on Landlords. If home prices were reasonable many would not have to try and rent.
- The recession impacted the housing market in a negative way.
- Since the recovery more high end rentals have been build than average/low end affect supply.
- 3 Reasons Why Your Rent Is So High | HuffPost
Oh, we can do this all day.
Why do Conservatives value grocers over families? Why should grocers be allowed to charge for their food?
Or, for that matter, doctors?
Or, for that matter - oh - what is it that you do, again? Why should we allow you to be paid for it?
If you don't like paying rent, move somewhere you can afford to own. If you want to live in a big city, and can't afford a big nice house with a big ole yard in that place, then accept that you are responsible for your own decisions, including the one where you decided to prioritize living in that city.
The wealth belongs to the people who made it.And in swoops cpwill with the straw man! No one ever said landlords deserve no compensation. I'm saying that they should take into account the means of their tenants and show solidarity with the poorer members of the community. After all, the wealth of the rich belongs more to the poor than to the rich. You are Christian, aren't you?
The end result of this line of thinking is that only the rich can afford to have communities. Once affordable suburbs are now selling homes that start at $1 million, but I guess you think rich people deserve it more than the people who built that community over generations.
I don't know what heritage you come from, but that's certainly not the Christian heritage.The wealth belongs to the people who made it.
Not sure how you got so confused on this.
And it’s not a question of who deserves what. No one deserves a thing more then what they are willing to work for. Your entitled attitude is a large part of what of wrong with this country.
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