“working as a server” - I have to get rid of thinking everything is about computers…
Responding to HTTP request all day is hard work.
For the last time, make the coffee yourself, I AM A TEAPOT!
I see an HTTP 418 in the wild, I upvote.
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Housing is the thing most exploding in cost.
About half the population already owns a home so they’re immune to this problem.
The other half is just moving to shittier and shittier conditions and living with roommates and family members.
Plus this is a very regional problem. Housing in shithole flyover places is still somewhat affordable.
If everything went up five times in price over the last 20 years then it might be a better argument for saying we’re in a depression.
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About half the population already owns a home so they’re immune to this problem.
Don’t forget, many of those people won’t be alive much longer, and many of their houses will not be passed on to family, but sold off to pay off debts owed by their estates, and will end up as more overpriced rental properties.
A “sneaky depression”?
Shy depression.
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No, we wouldn’t be, Mr. Negative Karma Throwaway. A recession is two consecutive quarters of negative GDP growth. The US had exactly two in Q1 2022 and Q2 2022 before going back to positive growth. The US had a much larger recession in Q1 and Q2 2020 before a big recovery in Q3 2020. https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/
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You still care about karma?
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I don’t know either
Please retake Economics 101.
Source?
Interesting, thanks for the link - at the very least, things are trending upwards so fingers crossed we are through the worst of it for the time being. Which is probably 8-10 years, it is cyclical.
This is aimed at the person i originally responded to. General thoughts about about political agendas couched in loaded language below. Nothing is apolitical, and everyone has an agenda. The key is to figure out what it is.
“Worst recession since 2008” is one of those phrases that sounds almost like the economy is just as bad as 2008, but actually doesn’t mean much of anything.
For demonstrative purposes I’ll use some arbitrary numbers here.
If we rated the 2008 recession at an 10/10 on the badness scale, rated any recession between 2009-2022 as a 2/10 at the most, and rated the current recession we’re in at say, a 4 - I could say that this is the worst recession since 2008, and it would not be untruthful.
Language is deceptive.
The only reason I still live in Ohio. My salary is almost double the median income, and I’m still just barely staying out of the paycheck to paycheck life while paying my spouses way through school. I wouldn’t have been able to afford a house anywhere else with just my income and maintain what semblance of a life we do have.
The perks of living in the decaying rust belt I guess.
I just cut straight to the pie and set up camp in the wilderness. Pretty cheap, but the HOA are a pain.
This really highlights just how subjective “paycheck to paycheck” is.
Lot of people out there who can’t afford to pay for their spouse’s school but still wouldn’t call themselves paycheck to paycheck.
No doubt. Ten years ago, that same phrase would’ve meant I had to decide between gas and food on Wednesday.
Now it’s enough to pay the bills and tuition after we lost their income because of covid. I’m constantly teetering on overdrafts thanks to the financial obligations we have from when there was 40k more a year in the bank. Sure, it might not be for the same reasons, but it’s a similar situation. It left me with no room for savings. You can be broke and make good money, due to situations beyond your control.
I came from three generations of broke people on both sides. It’s not like I don’t get it. Just decided to prioritize the betterment of someone I care about, and not remain in crushing debt for the rest of my life. I drive a 13 year old truck. My phone is 4 years old. We shop at discount grocery stores. I’m not just blowing it.
Point being, if I lived anywhere else but Ohio or some equally inexpensive state, I would have lost everything by now.
The apartment I’ve lived in for 20+ years recently got sold to a property investment firm. They gave us all 60 days notice. They are going to spruce up the apartments and then rent them. They were nice enough to offer current tenants first dibs on the new apartments. At 3x the current rent. A group of people, families, retired folk, a lady going through cancer treatment, we’re all at a bit of a loss. Can’t afford to live here, can’t afford to move. I really don’t know what where we’ll end up.
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More than half of you will end up on the street.
This is what happens when the ultra rich steal $50,000,000,000,000 from the US alone in the last 50 years. It’s probably more like $150 Trillion worldwide.
More than half of you will end up on the street.
This is what happens when the ultra rich steal $50,000,000,000,000 from the US alone in the last 50 years. It’s probably more like $150 Trillion worldwide.
Wow perfect. The house I stayed in two years ago for 800 TL is now 8000 TL. I’m in Turkiye
800tl two years ago? where exactly are you in Turkey? 3 years ago I paid 3500 tl in antalya, now it’s like 15k
I’m top 5 percent of earners in my city but I can’t take out a mortgage on a 1 bedroom apartment built in 1971
Fuck Canada I can’t wait till someone nukes this place
Fuck Canada I can’t wait till someone nukes this place
A tad extreme no? Jesus.
Only thing that will make housing cheaper is that or an earthquake lol. It was a joke, by the way
Earthquakes wont do shit. Source I am Californian.
If anything I can imagine earthquakes make it worse. I assume they’d Shock Doctrine all of that newly cleared space and build condos that they sell for ten times as much as whatever stood there before… But I don’t know, I’m not a seismologist.
Here in BC we are waiting for “the big one”
It will definitely help. Lol
And yet you have it so easy compared to most of us. Canada for me would be a blessing compared to my current country.
But hey, atleast the weather is great and alcohol is cheap.
4 bedroom houses are going for 1+ million lol
Apartments in Canada are almost 1 million in certain cities
Same here (Madeira Island, Portugal), however medium wages would be under 1000/month.
Look up ‘Hell’s Angels’ by Hunter Thompson. He has a chapter on the economics of being a biker/hippie/artist in the early 1970s.
A biker could work six months as a Union stevedore and save up enough to spend two years on the road. A part time waitress could support herself and her musician boyfriend.
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Hmm… I knew a Hell’s Angel when I was younger and he certainly didn’t work a union job. He was essentially a gangster, who made bundles of money doing illegal things.
So, you’re saying you have no concept of things changing over time?
He was a Hell’s Angel in the 70’s and 80’s, so it was during the same time period that the book was written about.the Hell’s Angels have always been a criminal organization, despite trying to paint themselves as a simple motorcycle club.
And there were bikers who weren’t in the Hell’s Angels.
Yes, but they’re not called Hell’s Angels. There are still bikers who aren’t in the Hell’s Angels. I’m replying to someone who specifically said “Hell’s Angels”. If you’re a biker that isn’t a Hell’s Angel and you call yourself one, you’re going to have a real bad time.
A biker could work six months as a Union stevedore and save up enough to spend two years on the road. A part time waitress could support herself and her musician boyfriend.
The name of the book was ‘Hell’s Angels.’
My wife and I couldn’t afford to live in our own neighborhood if we were looking to buy now. We bought in 2019.
Same. Somehow my house has more than doubled in that time frame.
The issue here is buying power is dramatically dropping which is a function of both wages and prices. Raising the minimum wage alone won’t fix that; instead, price controls will have to be implemented such that all housing is bought back down to prices that are satisfactory to consumers. That can’t happen without federal legislation.
Rent control is absolutely not the solution. Building more is the solution.
How about regulating all the big companies - prohibit sitting on apartments to drive up rents, limit Airbnbs,that sort of thing.
How would limiting housing get more housing, exactly?
Where does he say “limiting housing”?
“prohibit sitting on apartments to raise rent” which idk what it even theoretically means, and limiting AirBnBs, are both means of constraining housing.
Price controls cause shortages. The solution is plain old taxes - take money away from the rich. Housing will be cheaper to buy up front when recurring taxes are higher. Your dollar will go farther when other dollars are removed from circulation.
We need more housing in general too, to be honest, and to stop people buying it and directly distribute the housing to families looking for a primary residence.
I’m going to be deadass with you brother. When I say it’s every single time, I mean it’s Every. Single. Time.
Welcome to crony capitalism
Very same here. I delivered pizza in Atlanta in 1988 and shared a two bedroom on Piedmont park for a total of 550.00 month. I was so worried about making it too lol. Now as a person 30 years in my field and making fair money , I am paycheck to paycheck with little ability to save. To be fair, I’ve started over a couple of times , divorce etc. Starting over is expensive and takes a long leveling off but this economy is adding a lot of time on it.
Gentrification even affects the rich. Welcome to the 1st world and it’s problems.
Gentrification is a good thing and being anti-gentrification is being pro-ghetto.
Wait, so you think the only two options are ‘gentrification’ or ‘ghetto?’
What does this even mean?
Gentrifying a place is investment of capital into formerly-poor areas in cities, and formerly-poor areas in cities were poor because they were ghettos, generally as a result of redlining, white flight, or both.
We should be gentrifying every inner city, subsidizing current-occupant rent as it climbs, and lifting people out of the ghettos we built.
So you think every neighborhood with poor people in it is a ‘ghetto?’
No I think when you shove a bunch of “undesirables” into an area by literally not letting them get loans or see houses outside of that area, you create ghettos.
You may wanna give “redlining” a Google, and then search up the history of places you want to “protect” from gentrification. You’ll find the two are nearly always connected.
We owe it to the people who live there to financially apologize for the atrocities we committed upon them and their families in the past.
and its* problems.
this isn’t funny this is just sad
This meme is so old, those prices have increased even more by now
posted 9 hours ago
Yep, that actually checks out.