Social Issues,
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And so we come back to the famed why don’t you stop buying avocados and Starbucks? argument again. Nobody said it yet, but this particular topic does bring out that highly ignorant statement more often than it should.
The problem is still the same—the US housing market is so overrun by corporations and money-grabbing investors that it just keeps inflating the prices beyond what regular Joe-Shmoes can afford. And it is so problematic that even kids are now starting to catch on. And if it’s that obvious, even to a 6-year-old, you know it’s huge.
More Info: Reddit
Imagine having a 4-bedroom lake-side house, a boat, a jet-ski, and two cars. In this economy
Image credits: eberhard grossgasteiger (not the actual photo)
Well, it’s possible if you can manipulate time. But you can also understand why it’s a problem. It’s even obvious to a child
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Robertas Lisickis
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Robertas Lisickis
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Having done teaching, translation, and copywriting work in the past, I now spend my days watching how deep the imprint in my chair will become as I write for Bored Panda. Wrote about pretty much everything under and beyond the sun. Plan on doing more of it. And when I’m not writing, I’m probably playing Gwent or hosting Dungeons & Dragons adventures for those with an inclination for chaos.
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Saulė Tolstych
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Saulė Tolstych
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Saulė is a photo editor at Bored Panda with bachelor's degree in Multimedia and Computer Design. The thing that relaxes her the best is going into YouTube rabbit hole. In her free time she loves painting, embroidering and taking walks in nature.
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Jennifer Anderson Jennifer Anderson Community Member Follow
Some of us boomers get it. We know it all went to sh*t with Reagan and DID NOT vote for any of this. Just to be clear some of us saw this coming.
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Michele Miller Michele Miller Community Member Follow
100 % correct. Many of us "boomers" are also paying the price of the terible decisions made back then.
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Barbara Cochrane Barbara Cochrane Community Member Follow
Way, way back there were no “extras”. Television was free but there were only 3-4 channels. There was only the cost of your phone bill that until congress broke up the Bell System was mostly supported by long distance costs so it was super cheap. You never made long distance calls. Only businesses made them. Both my parents worked but they were unusual. We finally got a second car in the mid 50’s. We drove on our vacations to a family YMCA camp. Everyone that did go on vacation just drove to visit relatives or had similar housekeeping rental cabins. No one took a plane. We shopped for clothes at big box stores, read cheap. For entertainment, besides TV, we had the public library and the public parks. All still free. There were 5 of us and my parents could not buy a lakeside 4 bedroom house with a boat. They did buy a rowboat after they retired. Not exactly luxury. People just didn’t spend a lot. My mom made my graduation dress. My grandmother made our doll clothes.
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Bex Bex Community Member
A lot of current expenses are now baked in to our society. There used to be more walkable neighborhoods, schools weren't so centralized, there were sidewalks and payphones. Now you can barely survive without a car except in major cities, jobs expect you to have a smartphone and PC with internet, and two incomes are barely enough especially if you need childcare. Workers are supporting kids and parents as they are outliving both health and their savings. Add that wages stagnant in the face of inflation for the last two generations, and that housing stocks were at historic lows before air BNB and investment groups gobbled them up and you get the great repression.
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Will Cable Will Cable Community Member Follow
'Them v us' story. Plenty of older people who are struggling to survive too.
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SkyBlueandBlack SkyBlueandBlack Community Member Follow
Nope. It's a story about how little wages have increased. I mean, you should read it, it's pretty clear.
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Jennifer Anderson Jennifer Anderson Community Member Follow
Some of us boomers get it. We know it all went to sh*t with Reagan and DID NOT vote for any of this. Just to be clear some of us saw this coming.
Vote comment up
88points
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reply
Michele Miller Michele Miller Community Member Follow
100 % correct. Many of us "boomers" are also paying the price of the terible decisions made back then.
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2points
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Barbara Cochrane Barbara Cochrane Community Member Follow
Way, way back there were no “extras”. Television was free but there were only 3-4 channels. There was only the cost of your phone bill that until congress broke up the Bell System was mostly supported by long distance costs so it was super cheap. You never made long distance calls. Only businesses made them. Both my parents worked but they were unusual. We finally got a second car in the mid 50’s. We drove on our vacations to a family YMCA camp. Everyone that did go on vacation just drove to visit relatives or had similar housekeeping rental cabins. No one took a plane. We shopped for clothes at big box stores, read cheap. For entertainment, besides TV, we had the public library and the public parks. All still free. There were 5 of us and my parents could not buy a lakeside 4 bedroom house with a boat. They did buy a rowboat after they retired. Not exactly luxury. People just didn’t spend a lot. My mom made my graduation dress. My grandmother made our doll clothes.
Vote comment up
66points
Vote comment down
reply
Bex Bex Community Member
A lot of current expenses are now baked in to our society. There used to be more walkable neighborhoods, schools weren't so centralized, there were sidewalks and payphones. Now you can barely survive without a car except in major cities, jobs expect you to have a smartphone and PC with internet, and two incomes are barely enough especially if you need childcare. Workers are supporting kids and parents as they are outliving both health and their savings. Add that wages stagnant in the face of inflation for the last two generations, and that housing stocks were at historic lows before air BNB and investment groups gobbled them up and you get the great repression.
Vote comment up
89points
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reply
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Will Cable Will Cable Community Member Follow
'Them v us' story. Plenty of older people who are struggling to survive too.
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51points
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reply
SkyBlueandBlack SkyBlueandBlack Community Member Follow
Nope. It's a story about how little wages have increased. I mean, you should read it, it's pretty clear.
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98points
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