I drink your milkshake! a metaphor for capitalism

[Thebrownblob]

If 85% of us are poor in the future, whos getting ripped off

You’re not poor

 

[rickyb]

Depends on your definition of poor.

comparable to 1984

 

[rickyb]

You’re not poor

not yet! its trending in that direction though because of housing prices and i would say medication too

 

[rickyb]

some of my friends recently paid an unbelievable amount of money for a condo in the last few years

they shouldve moved somewhere affordable! or protest for affordable housing here.

i remember one of them graduated nursing school and then entered the real world (if you want to call the bull that) and had to pay rent and she was complaining on FB about the prices.

 

[Thebrownblob]

not yet! its trending in that direction though because of housing prices and i would say medication too

Why do you take medication? You’re not old either.

 

[Thebrownblob]

some of my friends recently paid an unbelievable amount of money for a condo in the last few years

they shouldve moved somewhere affordable! or protest for affordable housing here.

i remember one of them graduated nursing school and then entered the real world (if you want to call the bull that) and had to pay rent and she was complaining on FB about the prices.

And in 10 years, your friends will be sitting in the driver seat of homes that are worth double what they paid. You’re sitting on the sidelines missing out.

 

[rickyb]

Why do you take medication? You’re not old either.

thats kinda private but idgaf so dry eyes

 

[rickyb]

And in 10 years, your friends will be sitting in the driver seat of homes that are worth double what they paid. You’re sitting on the sidelines missing out.

dad is that you?

 

[Thebrownblob]

thats kinda private but idgaf so dry eyes

 

[rickyb]

And in 10 years, your friends will be sitting in the driver seat of homes that are worth double what they paid. You’re sitting on the sidelines missing out.

by the time you pay back a mortgage, the price is usually double right. so subtract that from appreciation.
i said to him what about future generations? were talking 1 generation and no one can afford housing anywhere

 

[Thebrownblob]

dad is that you?

Come on @rickyb get a house or a condo. I need someplace to crash when I come visit.

 

[rickyb]

Come on @rickyb get a house or a condo. I need someplace to crash when I come visit.

come but we cant afford a bedroom for a kid let alone you

 

[Thebrownblob]

by the time you pay back a mortgage, the price is usually double right. so subtract that from appreciation.
i said to him what about future generations? were talking 1 generation and no one can afford housing anywhere

Every generation says that about that next generation and somehow we make it just fine.

 

[oldngray]

Every generation says that about that next generation and somehow we make it just fine.

Welcome Gen Beta: A new generation of humanity starts in 2025

Generation Beta will be made up by individuals born between 2025 and 2039.

www.usatoday.com

 

[rickyb]

Every generation says that about that next generation and somehow we make it just fine.

i disagree with that

this is the first generation to american history to have a lower standard of living than the previous. something like that

 

[Thebrownblob]

i disagree with that

this is the first generation to american history to have a lower standard of living than the previous. something like that

What’s lower? I’m gonna guess you’re not very far from my age, but I have kids who are in their early 20s and they all have cars, phones and generally anything they want materially that does not necessarily equal happiness if that’s what you mean.

Kids these days in the early 20s aren’t really trying to buy houses .

What exactly are you not getting that the generation before you could get in? What opportunities are you speaking of that you don’t have?

I think a bigger problem this generation is that many are complacent. Unwilling to sacrifice to get ahead. They want it now, and they want it quick.

The generation before you spent a lifetime achieving and gaining the things they have it did not happen overnight. And I’m sure they failed a lot along the way. The differences is they tried and eventually got somewhere.

 

[rickyb]

What’s lower? I’m gonna guess you’re not very far from my age, but I have kids who are in their early 20s and they all have cars, phones and generally anything they want materially that does not necessarily equal happiness if that’s what you mean.

Kids these days in the early 20s aren’t really trying to buy houses .

What exactly are you not getting that the generation before you could get in? What opportunities are you speaking of that you don’t have?

I think a bigger problem this generation is that many are complacent. Unwilling to sacrifice to get ahead. They want it now, and they want it quick.

The generation before you spent a lifetime achieving and gaining the things they have it did not happen overnight. And I’m sure they failed a lot along the way. The differences is they tried and eventually got somewhere.

i will pull up some articles about it

 

[Thebrownblob]

i will pull up some articles about it

I don’t need articles, those are people telling you you don’t have opportunities.

What opportunities have YOU personally not been able to have an achieve that the generation before you could?

There’s always going to be people trying to drag you down and tell you it’s not possible.

To the achievers, they just don’t listen. That’s what makes them different.

 

[vantexan]

And in 10 years, your friends will be sitting in the driver seat of homes that are worth double what they paid. You’re sitting on the sidelines missing out.

If houses are worth twice as much in ten years then ownership will be in fewer and fewer hands. Incomes aren't keeping up with prices now. Those of us on fixed incomes will be wiped out.

 

[Thebrownblob]

If houses are worth twice as much in ten years then ownership will be in fewer and fewer hands. Incomes aren't keeping up with prices now. Those of us on fixed incomes will be wiped out.

Oh, there will be a bubble at some point. Timing is everything in real estate. Apparently we aren’t there just yet.

In the news today: Experts say housing market poised to remain strong in 2025

Here is a roundup of stories from The Canadian Press designed to bring you up to speed... Housing market poise...

lethbridgenewsnow.com

Existing-Home Sales Rise As Prices Hold Strong | Bankrate

Existing-home sales finally rose even as home prices continue to set records, per the National Association of Realtors’ newest numbers.

www.bankrate.com

US house prices are forecast to rise more than 4% next year

www.goldmansachs.com