Left lane heros

Maybe you should post pictures of the houses as well.

You own a home when it's paid off.

Your comments don't make much sense anyway.

 

Maybe reading comprehension isn't a strong suit of yours. Perhaps?

 

At some point I believe high school grads are going to learn that they get a lot more bang for their buck by investing in trade schools. Anybody mortgaging their soul for a liberal arts degree in a discipline with which there are no jobs kind of deserves what they get. Institutes of higher education need to get to a place where they are competing for education dollars more than currently have to, and therefore provide an education that actually provides a graduate the knowledge that can provide an income substantial enough to easily pay for the education.

At least that is how I see it.

 

The median personal income in 2019 was a smidge over 38k. Median personal income in 2023 (projected) is a smidge over 44k. A difference of 6k or a smidge over 16% over 4 years.

Such a ridiculous windfall indeed.

Median home price in 2019 was around 325k. Median home price so far this year is 440k. A difference of 115k or a smidge over 35% over the same 4 years.

Data courtesy of Federal Reserve Economic Data | FRED | St. Louis Fed

 

Here's how much the median home value in the U.S. has changed between 1940 and 2000:

• 1940: $2,938
• 1950: $7,354
• 1960: $11,900
• 1970: $17,000
• 1980: $47,200
• 1990: $79,100
• 2000: $119,600

Here are those values again, adjusted for 2000 dollars:

• 1940: $30,600
• 1950: $44,600
• 1960: $58,600
• 1970: $65,600
• 1980: $93,400
• 1990: $101,100
• 2000: $119,600

This is until 2000, and now it's much worse.
Talking about comprehension...

 

Would it hold true in Nashville if you worked there?

 

Ya know. My kids ain't been outta school long, and I'm still in touch with their friends.

These young adults blow my mind. They're all killin it, all succeeding. I am genuinely proud of them. I don't know any of their parents well, but these kids didn't grow up priveleged.

And not once (at least since becoming adults), have I heard any of them make excuses why they couldn't make it. Or of why they couldn't acheive a goal.

Yet I can see multiple seasoned adults here make excuses why the younger generation has it tough.

Kids grow up being taught woe is me, probably gonna be woe is me as adults.

 

That's not comprehension bud, that's cut, copy, paste.

You guys have a great weekend

 

In 1981 my Dad bough the house I grew up in. In 1981 he was earning a little above median income for his profession in the area. If you adjust his income for inflation he would be in the top 25% today. If you take his financial position at that time and adjust annually for inflation, he would not qualify to buy the house for what my sister sold it for.

When they bought the house they had ZERO renovations that HAD to be done besides paint. At this point it needs a roof, the chimney needs attention, the furnace is from 1975, the AC/hot water heater/kitchen appliances 1990, the windows are single pane from 1951, the plaster might survive redecorating (I doubt it), and any messing around with the electrical or plumbing will probably require the whole house to be brought up to code (there isn't a single GFCI outlet in the house). The bones of the house are great, but it's going to need some work.

So to sum up, prices have MASSIVELY outstripped wages. Even more so than the number of drivers who don't understand the concept of "slower traffic stay right".

Executive salaries and dividends are the only things that have kept up with inflation since 1980.

 

It’s okay everyone. Everyone that @Big Road Skateboard knows is killing it. Everyone else must be as well or they’re a bunch of depressed bums.