Politics

The reasons kids have an uphill battle today is because the only way to outpace inflation is to do without, save every penny in the teens and twenties, and avoid debt.
Well, if the price of goods is inflated, so are the salaries so it is a wash. What has gone up for most compared to decades ago is discretionary spending and loading up debt.

When I was going to college average starting salary for an engineer was about $15K, the median starting salary now is $88K. A chevy blazer was about $12K. A loaded chevy blazer is $60K now. So, pretty comparable.

Even housing prices are similar if one looks at cost per sq. foot and looks at it proportional to the income. Now, some places, it is outrageously expensive due to demand vs supply.

The left might be right about one thing if people want to have homes. High density housing where people live in high rises. The picture below might be the future here as well.

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Every politician should be forced to listen to Thomas Sowell.

“Decades of slavery and Jim Crow laws did not ruin the Black family. One generation of welfare did”

He isn’t of course saying slavery was good. But that even that wasn’t as devastating to the black family as government subsidies for bad behavior.
 
Here is another example of politicians causing the initial problem then coming up with decades of solutions to the issues they themselves caused. Throwing layer upon layer of money, bureaucracy and BS at the problem they caused. Please share with liberals.

Mamdami, AOC and the Squad talk about income inequality and poverty. The biggest crime against the Black family has been perpetrated by white democrat government programs.

And now who stands up and declares they have the answers? And how do they want to solve these issues? More government subsidies to bad behavior and habits.


It all goes back to the Lyndon Johnson's "Great society" and his famous quote about........

"I'll have these N*****S voting democrat for the next 200 years!"

This was of course after he couldn't discriminate against certain voters......
 
So everyone who ever broke the speed limit is the same as every other criminal?

We do need to admit and agree there are degrees.

Crocketts statement was "Just because someone has committed a crime, it doesnt make them a criminal"...

Oxford Dictionary definition of Criminal: A person that has committed a crime.

Cornell Law School definition of Criminal: A term used for a person that has committed a crime or has legally been convicted of a crime.

Cambridge Dictionary: Someone that commits a crime.

Blacks Law Dictionary: An act or a failure to act that violates a public law.

Crockett is a lawyer.. more importantly, she is a criminal defense attorney that worked as a public defender prior to seeking public office.. she knows what a criminal is, and absolutely has memorized the definition verbatim.. she couldnt have passed the bar without doing so.. specifically, she is a graduate of the University of Houstons law school, where Blacks Law Dictionary is the standard for most courses (I believe Blacks is still the most widely distributed law dictionary in the US.. not just in Houston.. one of our attorneys will have to let me know if Im wrong on that)...


Of course there are degrees.. the elements of 1st degree murder are very different than the elements of 2nd degree murder.. which are very different than the elements of 3rd degree / manslaughter.. and the punishments are very different if/when convicted..

ALL crimes however are committed by criminals.. No reasonable or accepted definition says otherwise..
 
It is somewhat amazing to me that in a city where this occurred, people march in the streets supporting Palestinians and are about to elect a Muslim radical named Zohran Mamdani as its mayor.


The people who are voting for him either:

1. Don't care.

2. Are more interested in free stuff.

3. Are only voting for him because he's muslim.

4. Are muslim and only see the days after 9/11 and how they were supposedly treated.

5. Are fully aware that they just want Islam to take over NY, America and the entire world. 9/11 was a hallmark day for them.

With the growing muslim population you have an increasing population of people who support 9/11 and Oct. 7.
 
And in polite company one is not even able to note those historical facts or voice that line of reasoning without being labeled a racist.

I am very fortunate to have liberals friends that I can have these difficult debates with and remain very close.

One is a retired school teacher and two liberal judges and we are 180 degrees apart on most political issues.

One of these liberal judges can sell a drowning man water. He is very convincing and a great debater. Never getting upset or angry. (Probably why he is a good lawyer).

With all three of these gentlemen. We can sit until the wee hours having a cocktail and calmly debating our positions and never get angry with each other and always remain close friends.

I know that is rare.
 
Home ownership is definitely doable for the younger generations. Live in an area you can afford, get and keep a steady job and live at or below your means. It goes without saying that accumulating stupid amounts of debt and living off a credit card do not align with that advice. It’s not rocket science.
 
I get so tired of the "you Boomers" finger pointing. I don't want this to sound like a "we walked five miles through the driving snow to get to school tale", but I strongly believe most would be far better served taking active responsibility for their own futures rather than blaming others.

I occasionally remind my children that until the fourth grade I lived in an 1100 square foot house in South Louisiana that had no AC. My father at the time was a college professor at Nichols State. I remember going out to a restaurant once in that time - it was such novel adventure. We never ever had take out. I did ride a school bus, so I did not have to walk to school. Other than go to grandparents' or an aunts' home, we never took vacations.

Upon moving to Lake Charles in time for the fifth grade, my parents purchased a 1500 square foot home with central air - I never realized I was hot before. Following my father's death in the nineteen eighties, my mother remained in that house until having to enter assisted living in her nineties. My father became a tenured professor, then the head of the history department, and eventually Dean of Liberal Arts but we never went out to dinner. Our vacations continued to be trips to visit family. In fact the only two vacations that I know my mother and father ever took prior to his death was one to visit me while stationed in Germany and another to Arkansas.

My basic college degree was covered by an ROTC scholarship and a lot of hard work. Neither I nor my parents borrowed anything. No it wasn't the greatest degree from the greatest college but not quite twenty years later I held a fellowship at the Walsh School of International Relations, Contemporary Arab Studies, Georgetown.

In the military, Nancy and I largely only went to unit functions and the like until I reached the rank of major. Then too, we were always very careful, because we had two kids approaching college age. She did not work, largely because we were constantly on the move and she was the anchor of our family. When our 17-year-old daughter arrived in the DC area with us, it was her fourteenth move and third high school.

Neither our son nor our daughter accumulated a dime of student loan debt because we absorbed those costs at the expense of other things.

It wasn't until I entered the corporate world, after a thirty-year apprenticeship that we suddenly had true disposable income. But the only way we were able to successfully enter that world was because of the sacrifices we made to reach a station that allowed me to compete for such opportunities.

Millennials should feel free to use there income however they wish. But spare me the finger pointing. Every Uber-eats, restaurant, streaming subscription, paid AP, craft beer, exotic coffee order, Amazon order, and credit card charge is direct theft from their future. And as @rookhawk correctly points out, every liberal arts degree without solid plans for a follow-on professional degree may be the greatest self-inflicted wound of all.
 
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On thing I keep seeing posted is how in the past a man could afford a house, a car and a decent lifestyle on his salary.

They fail to dig deeper and not realize that the house was about 1,200 sq ft with a single bathroom, there was maybe one B&W TV, a single house phone. No eating out on a regular basis or buying clothes every week. Not to mention it took mom the whole day to keep the house going where she did not have the equipment to save time.

Be that as it may, that same house that hasn't been updated in 50 years has gone up in some cases 50-100% even in my neck of the woods over the last 5-15 years for a multitude of reasons. Wages certainly haven't kept up with that. Real estate investment for those who had the money at the right time, which certainly wasn't the millennials, has paid big dividends.

To have a 1200 sq ft home with no garage or basement built is $250k. Both heads of household better plan on working. I wish I knew enough about construction to start a business.

If I buy some land I'll definitely be building most of a home myself.

If nothing else, the last 5 years especially has been hard on at least some aspects of the cost of living. The retirees getting big bucks for their city or suburban homes has wiped out affordable options around here. Vacant land prices included.

This is just in my mostly rural setting. I can't imagine how bad it is in some of the more urban areas, especially in more expensive states.
 
@Red Leg , that brings back memories. The first house I remember was government housing on a federal fish hatchery in Spearfish, South Dakota. Our alarm clock was a rooster pheasant on the roof and in the warmer months a groundhog that whistled at daylight under the house.
Like you my father eventually took a college teaching job and earned a doctorate degree from Auburn, even then we rarely ate out and it was a treat to go to McDonald’s. Not that there was much selection in the late 60’s and early 70’s in Auburn.
 
Be that as it may, that same house that hasn't been updated in 50 years has gone up in some cases 50-100% even in my neck of the woods over the last 5-15 years for a multitude of reasons. Wages certainly haven't kept up with that. Real estate investment for those who had the money at the right time, which certainly wasn't the millennials, has paid big dividends.

To have a 1200 sq ft home with no garage or basement built is $250k. Both heads of household better plan on working. I wish I knew enough about construction to start a business.

If I buy some land I'll definitely be building most of a home myself.

If nothing else, the last 5 years especially has been hard on at least some aspects of the cost of living. The retirees getting big bucks for their city or suburban homes has wiped out affordable options around here. Vacant land prices included.

This is just in my mostly rural setting. I can't imagine how bad it is in some of the more urban areas, especially in more expensive states.
So, who do you believe is buying all those homes for big bucks that the retirees are selling?
 
So, who do you believe is buying all those homes for big bucks that the retirees are selling?

I honestly don't know. Out of staters getting even more for their homes? Young people borrowing more than they can afford? I see that scenario all the time over the last 15 years up here. Houses that once supported 6 kids on one income, sometimes 2 if they were part time farmer part time employed elsewhere are going for $450k+ on a few acres. I literally know the people who grew up in these homes so I know the back story. I've seen houses change hands multiple times because they figured out they couldn't afford them after 2 or 3 years. I've seen this in young and old actually. It isn't just the young folks that know how to overspend.
 
Be that as it may, that same house that hasn't been updated in 50 years has gone up in some cases 50-100% even in my neck of the woods over the last 5-15 years for a multitude of reasons. Wages certainly haven't kept up with that. Real estate investment for those who had the money at the right time, which certainly wasn't the millennials, has paid big dividends.

To have a 1200 sq ft home with no garage or basement built is $250k. Both heads of household better plan on working. I wish I knew enough about construction to start a business.

If I buy some land I'll definitely be building most of a home myself.

If nothing else, the last 5 years especially has been hard on at least some aspects of the cost of living. The retirees getting big bucks for their city or suburban homes has wiped out affordable options around here. Vacant land prices included.

This is just in my mostly rural setting. I can't imagine how bad it is in some of the more urban areas, especially in more expensive states.

@CJW I do think that the baby boomers had it a bit better on the land acquisition front than Gen X or Gen Y. The bigger problem is we're about to see the greatest generational wealth transfer in history as those Boomers start bequeathing a lot of real property to X and Y.

People on this forum would call that natural upward mobility for a life well spent. Marxist have-nots are going to be furious that that wealth transfer occurs without them grabbing a large piece or all of it. This is going to be the dire problem of the next 15 years as the politics of envy and greed (socialists) are outraged at the reward of multigenerational good decision making.
 
@CJW I do think that the baby boomers had it a bit better on the land acquisition front than Gen X or Gen Y. The bigger problem is we're about to see the greatest generational wealth transfer in history as those Boomers start bequeathing a lot of real property to X and Y.

People on this forum would call that natural upward mobility for a life well spent. Marxist have-nots are going to be furious that that wealth transfer occurs without them grabbing a large piece or all of it. This is going to be the dire problem of the next 15 years as the politics of envy and greed (socialists) are outraged at the reward of multigenerational good decision making.
Exactly.

Currently, the largest generational groups buying property are Millennials (38%). The largest group selling property are Boomers, either as estates or headed off to assisted living (53%). That represents a significant portion of the wealth transfer that is taking place.

Interestingly, or perhaps predictably, a smaller percentage of the population in large urban areas will experience that wealth transfer than in smaller urban environments.
 
Exactly.

Currently, the largest generational groups buying property are Millennials (38%). The largest group selling property are Boomers, either as estates or headed off to assisted living (53%). That represents a significant portion of the wealth transfer that is taking place.

Interestingly, or perhaps predictably, a smaller percentage of the population in large urban areas will experience that wealth transfer than in smaller urban environments.

I try to teach generational wealth to my children. I let them know how aristocracy is made. They should not envy hereditary wealth, they should create it.

If a child works their ass off from age 12 to 21 and puts $7000 a year into a ROTH IRA, what is it worth at age 65? Answer: $7.8 million dollars. That will be an upper middle class retirement for Generation 1.

If that child spends none of that trivial initial investment, what do their generation 2 heirs inherit? $32.6m USD.

And if that 2nd generation doesn't eat that investment, what is it worth after another 40 years? Answer: $1.48 billion dollars.

So a kid (my kids) flipping burgers can create an aristocracy for their heirs if they are willing to save $7000 a year for nine years, then let it season for a total of 120 years.

Its very hard to become a robber baron in a single lifetime, but a trivial amount of money and a three-generation education can create the next Vanderbilt or Carnegie dynasty if they just let the peanuts grow.

Socialists hate math. Forgoing pleasure today creates millionaires in a short period of time with very little personal sacrifice.
 
So a kid (my kids) flipping burgers can create an aristocracy for their heirs if they are willing to save $7000 a year for nine years, then let it season for a total of 120 years.
If you are going to wait 140 years, just buy land about 10 miles or so outside a major city. Eventually, the city will expand and that land will be very valuable.
 
I'm noticing one thing hasn't been mentioned in the discussion re: the modern cost of homes.

They aren't making more land.

That is to say, today's population (i.e. demand) is far greater than it once was. We decry "urban sprawl", long commutes, and multi-family housing. So the reality is supply hasn't changed all that much. Sure, there are new homes being built (sprawl), or new apartments, but if you want to be near where "things are", well, supply is either somewhat limited, or you are commuting farther, or packed more densely, or similar.

Somewhere it had notes discussing something called a "Supply/Demand Curve", or something like that, but I'm just a useless History Major, so my liberal arts background is preventing my understanding.
 
Per census.gov and an internet search the median family income in 1970 was just under $10,000. $250,000 today will buy you the equivalent of approx. $30,000 in 1970. IIRC realtors at the time estimated the house a family could afford was about 3 times annual income. Median household income in 2024 was approx. $84,000. Where many young people have problems, IMO, is with the 20% down payment and, perhaps wanting the same house their grandparents worked 50 years to afford. On a personal note, I graduated with an engineering degree in 1970 and $7500 in student loan debt, the equivalent of about $60000 today. I got married had a family served in the army paid off the loan and bought a house. It could be done then and it can be done now.
 

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MooseHunter wrote on Wildwillalaska's profile.
Hello BJ,

Don here AKA Moose Hunter. I think you got me by mistake. I have seen that rifle listed but it is not my rifle No worries
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