Agreed.Another View attachment 835800
I know a lot of young people that work harder than a lot of older people. People are the same despite generational differences.
What's different now is the rich tilting the system in their favor making it harder for the common folk to get ahead, and the ridiculous echo chambers everyone gets in via social media causing extreme polarization in society.
You old guys and going folks need to get off Facebook and go out and see the world for what it is, not for what advertising based algorithms are telling you to keep you scrolling till you die.
While I understand and agree with your sentiment, you are factually incorrect. The material and labor involved in building the typical $275,000 spec house is around 80% of the cost of the building, to which profit and overhead are added, and then the cost of the lot, the infrastructure assessment, taxes, commissions, and profit on the lot itself. The framing and foundation materials alone are probably $50,000.Biggest ripoff is buying a house, made with $40K in materials and illegal alien labor, then sold to you for the low low price of only $275K + 30 years worth of interest. Financial slavery for most of your life, yet most people are overjoyed to sign the line and get the keys, with no complaints at all. Work all your life to pay it off, and just when you've made the last payment and are about to retire and relax in your home that you FINALLY own, you die and it gets sold to someone else for another 30 years of payments to the bank.
Is your last sentence your own sentiment, or the conveyance of someone else's?From the surveys I have seen most people period don't have a pot to piss in. They have over extended themselves and are way in debt to pay for all of the crap they have to have. And that debit is your fault and if you don't have any it is because you took advantage of someone.
That is my plan exactly.So you think renting is a better financial deal? Have you done the math? The other possibility is to buy the land buy the materials and build it with a friend or relative. My Grandfather and his brother-in-law did just that. Build as small a house as you can live in.
Neither, it is my sarcasm in response to comments like this from Jerry brown:Is your last sentence your own sentiment, or the conveyance of someone else's?
Thanks for explaining in more detail. I agree with you. I feel that few truly understand what it is to sacrifice for longterm success. Immediate gratification seems to be the popular priority, especially among younger people.Neither, it is my sarcasm in response to comments like this from Jerry brown:
Revenue means taxes, and certainly those who have been blessed the most, who have disproportionately extracted, by whatever skill, more and more from the national wealth, they’re going to have to share more of that. . . . And everyone is going to have to realize that building roads is important, investing in schools is important, paying for the national defense is important, biomedical research is important, the space program is an indicator of the world leader – all that takes money.
There are many that seem to have a hard time understanding some people have more money than them because they worked harder, risked more, and sacrificed more than they did. They drive a new Mercedes, go to Hawaii every year, have the latest phone, and get Starbucks everyday but it is the economy/president/conservatives fault their bank account is empty and you should be taxed so they can continue with their idiotic lifestyle.
Deutche Bank should have already failed....................I'm sure it is being propped up, (the TBTF thing). It represents everything wrong with the "boomer" generation, however, it isn't right to use too broad a brush when assigning blame.1. Comment on Deutche Bank. Take the time to read about the years of mismanagement, the record fines, the laundering of monies. Corrupt and on the verge of failure. Doesn't negate comments on generational conflicts, just take the time and read about the Bank.
2. Generational conflict.
The source is deliberate tax and fiscal policies. These are designed to have people borrow and not save or invest.
When a 3% downpayment is required for a home that will have the mortgage sold to a government sponsored entity, AND, you are now permitted to borrow the 3% down from relatives, a person is a fool not to consider buying a house.
When the federal reserve system permits its members to loan money on car purchases that can be repaid over 7 years, a person is a fool not to consider buying a car.
When the federal government encourages you to borrow money for college, you have a problem. Go to your local college. Ask if the loan money is paid to the student or to the school. Also ask an administrator if it is not true that students will take the loan money and drop out of school for a term.
3. Fiscal policy. It was a very long time in my life before I saw a $50 bill, much less met a person carrying a $100 bill in his wallet. Your governments either pay back money borrowed, or it inflates the currency so that the value of its accumulated debt is reduced. You now have trillions spent by the federal government in the last 6 months.
In my town of 25k, that kind of money puts you in the top 20%.
Only the youngest Millennials got participation trophies. Within the “Millennial” generation, there is a huge divide from the older half and younger few years. A lot of this also comes from which part of the US, you’re referring to. All of my friends are older than me. One if my closest friends is near 60 years old. We grew up much more similar, than different. We both also grew up in rural Kansas.I watched something last night about the whole "participation trophy" mentality. The millennials and later were brought up this way. They were supposed to be automatically successful. They weren't supposed to have to work for it. Now they been slapped upside the head with reality. They don't like it and want it to stop. That's what's going on here.