/biz/ - Business & Finance

>>11095761

>In 1972

Average inflation through the 1970s was 7.25%. Continuing on to 14% in 1980, 12% in 1981, 8.5% in 1982.

My auncles who bought big houses in the 1970s had mortgage payments which were lower than their utility bills. Inflation FTFW

>>11095761

yeah it fucking sucks

but i mean, once you have a house you're on the growing ladder

>>11095761
Just filter boomers out. None of what they say matters at all. They're just entitled brats who lived life on easy mode. The only boomers that I respect are the ones who served in Vietnam. They should be paid reparations.

Boomers made America great. You live in #1 country on Earth because baby boomer generation made it possible. Show some respect and gratitude. You owe everything to them. Be worthy of their legacy and achievements.

>>11096568
How's that boot taste?

>>11097380
t. pleb

>>11096400
im not good with inflation maths, what was a house in 1940 dollars or wage factor then ?

>>11095761
sadly because of infinite regulations, greedy builders, and (((financing and interest rates))) houses are fuck huge now

I just want something small, comfy, and well built.

But naw man here's 3000 sq feet for 300k

>>11096568

You're thinking of the "greatest generation," the ones who spawned the boomers who were able to live life on easy mode because their parents fought in two world wars.

>>11096568
>>11097398
Boomers ruined America and should all be shot and their wealth confiscated. They are all civnats and deserve death.

>>11096568
most of the inventions and infrastructure development that made the US great actually came from the late 19th century and were refined through the first part of the 20th century
you look at the height of prosperity and confuse it for the height of innovation. if i ate ramen while dcaing into buttcorn for 5 years, and sold last december then started to spend, your retarded ass would assume 2018 was the year i made it, when it was really in 2012

>>11096400
>>11097476

1940 - In today's dollars, the average the house should cost $52,390 KEK

https://www.bls.gov/data/inflation_calculator.htm/

>>11097506

1940 - The average house size was 1,177 sqft

http://www.newser.com/story/225645/average-size-of-us-homes-decade-by-decade.html


I actually had a 2600 sqft house and only used the bedroom, the kitchen and the bathroom. Sold it and got a 1130 sqft 2 bed, 2 bath townhome me and my g/f live in and use 100% of the space. Mortgage should be paid within a year. Bitcoin FTFW

>>11097609
sounds comfy anon I'm jealous.

In commonly used measures of "inflation", home prices are conspicuously left out.

Why is this?

>>11095761

I can't even imagine living in an environment with an uppity boomer. I had to shred one out the other day because all he could do was complain and moan all day. Fucking scum.

Boomers are fucking nightmarish.

Millennials are Dalai Lama tier generation.

Zoomers are Zyklon B generation.

>>11097609

I'm about to close on a 3 br 1,000 sq ft house with my gf. But my sister bought her first house as an oversized 5 br where her and her bf only use half the space but she still complains about it not being enough.

Idk, some people just care more about status than utility, I guess.

>>11096568
Wrong: the Greatest Generation (those born in the interbellum years between the two World Wars) made America great; the fucking Baby Boomers born during & after WWII then proceeded to shit it up.

Thanks capitalism, you are my greatest ally.

>>11097745
this
We should all be grateful for everything they gave us like houses and cars, iPods, television, McDonald's, social/cultural decay, and twerking.

>>11097782
Also not to forget the cool and attractive mexican neighbors.

>>11096400
Yeah but homes in the 1940s were shacks. Homes now days have so much more that its not an accurate comparison. If you replicate q house from back then today you could get close in price.

>>11097834
You've clearly never been in a house from, the 1940's. They were built with much better materials than homes today using much better workmanship. New houses aren't made to last.

>>11097609
thanks for the calculator dawg, not into US economy so much

>>11097789
And don't forget Hb1 hordes!

I love seeing all the Indian men come here, drag their wife who is unable to work, and then they shit out kids

>>11097867
I have, they don't have modern framing design, 2 ac units, 2 ovens, a dishwasher, a fuckhuge refridgerator, insulation, gfci and wiring up to code, plumbers electricians hvac guys all have to be licensed I can go on and on. Buildings today are more advanced today and that ads to cost.

The biggest problem is that when boomers go and retire instead of passing the house on to US they sell it and party away the last few years of their fucking lives.

>>11097867

I do wonder how houses built within the last, say, 10-20 years will be faring 30+ years from now. There's plenty of houses from the 50s and 60s still around now that, as long as they've had renovations such as new siding and roofing, are still sturdy as ever. I'm curious if we'll say the same about all of today's new particle board houses.

Heck, they've even become more efficient at building houses so that should also have made them cheaper to be fair.

>>11097834
american houses today are still shacks

>>11097609
That image is clearly about black people blaming their total lack of talent on their circumstances.

>>11097909
The cost of manufacturing has fallen due to chinese labour and advances in production line efficiency. But this isn't reflected in cost of living.

>>11098375

Hmmm, it looks like /biz holding some Bitcoin passing by a Boomer and a minority to the finish line

>>11095761
>2x yearly salary
LMAO. Where do you live? Antarctica? Try 10x.

>>11098802
They literally were about 2 times annual salary back then. Throughout recorded history they have always averaged 4 times. Today is an anomaly, an artificially created bubble.

>>11098802
Maybe read my post? In the 70s inflation was like 13% and interest at 10%, basically giving you free 3% on the morgage

>>11099690
Please pop so I can be not homeless ty
POP PLS

>>11098318
>>11098389

Cost of LAND had increased which is what you are paying for, even if construction costs are lower

>>11096400

Houses were also a lot smaller. People had more realistic ideas of what they needed back then; 600 sq feet was just fine.

That said, even taking size into account, housing is so overpriced now it's absurd.

>>11096381
>You should get free money for fighting jewish wars

>>11099934
I hope not. The bubble should stay the way it is for at least more 10 years

>>11096568
now this is a proper old-school boomerpost
quality b8

Where I live home prices still haven’t recovered to pre recession levels

>>11097946
get it back by selling them wheelchairs at 100k a pop

call it a dickhead tax

>>11097966
>I'm curious if we'll say the same about all of today's new particle board houses.

we won't, it's a fleecing

>>11100515
To be fair they were drafted. Expropriate without compensation all of Soro's assets and hand it out to all the crazy Vietnam vets.

>>11096568

You need to be slapped, zoomer

It was their parents that made America great

>bought an abandoned six bedroom house that was seized by the municipality for tax arrears for less than ten grand

Don't worry fellas, maybe you'll make it some day. Possibly.

>>11096568
>You live in #1 country on Earth
even if the US are the most powerful country on the planet what does the average american get from that? high taxes to mantain all that military spending and funding israel's wars?
doesn't matter how powerful the contry is on paper, all that matters is the standard of living/purchasing power

>>11097715
Why does everybody forget about Gen X?

(41 yo here)

>>11101458
>Why does everybody forget about Gen X?
Isn't that kind of the point? Gen X was always branded as the "lost generation" that never did anything and isn't doing anything

>>11101468
Eh, that's actually a pretty good answer. I haven't done shit.

Whatever.

>>11101468
Whatever

>>11096381
The people that went to Vietnam aren't really boomers, they're considered to be a part of the Forgotten Generation. In between the GI Generation(greatest generation) and the Boomers

>>11101497
Quick edit, People who went to Vietnam are the "Silent Generation." my bad....

>>11101530
fucking dumbass now everyone knows you're a dipshit idiot

>>11101541

>>11101541
well jokes on them, because I bought ETH at $500 and sold at $175 last week.

>>11095761
Get rekt

>>11097715

According to the Strauss-Howe generational theory, Boomers are an uncompromising Idealist generation who revolt against their fathers (G.I.s, Silents) and assert new values for society. They come-of-age during a new spiritual Awakening ('60s "Consciousness Revolution") and reach seniority in the midst of a secular Crisis they helped created.

Gen X is a Reactive generation, which means they've been made ultra-pragmatic, cynical, and jaded by a society that has cast them aside. They were too young to appreciate the last Awakening and will be too young to be the elder leaders during the coming Crisis. They were largely left to fend for themselves as children. They are middle men of history, like the Lost Generation before them, but their clear-eyed disillusionment will be a useful aid to the Boomers leading us through the Crisis and the Millennials in the trenches.

Millennials are a Civic generation. That makes them conformist, constructive, secular, and collectivist. Civics are pampered in childhood and youth, and come-of-age in the midst of a Crisis. They often have stronger relationships with their fathers, Boomers and early Gen Xers, than with their mothers. (Idealists like Boomers often have stronger relationships with their mothers than their fathers.) Millennials will follow inspirational Boomer leaders to the death and conquer the Crisis, instilling them with a sense of lifelong confidence. They will rebuild institutions in the aftermath and establish more rigid social roles according to the newly-prevailing set of values. In middle-age they will be confronted with a new spiritual Awakening from their Idealist sons and daughters, who will rebel against their conformist society. Eventually due to their overconfidence they will begin to overreach, and make embarrassing or disastrous mistakes. (Think of the G.I.'s leadership through Vietnam.) They will remain active and optimistic throughout their elderhood.

>>11101852

(cont.)

Zoomers (Gen Z, Homeland Generation, etc.; name hasn't been decided) are an Adaptive generation. They will come-of-age post-Crisis and enter midlife in the midst of an Awakening caused by the children of Millennials. Like the Silent generation before them, they will be compromisers and mediators, torn between the secular stability of Millennial institutions and values and the spiritual renewal and upheaval offered by Idealist young adults. Early on they will hew closer to their Millennial elders; later they will begin to aid the Idealists in reshaping societal values. Like Reactive generations, Adaptive generations are also middle men, or recessive. Idealist and Civic gens shape the world, Reactive and Adaptive gens revolt fruitlessly against or "smooth out" what is already there.

Fun fact: the dominant US politicians of our day, Donald Trump and Bernie Sanders, are both of the Idealist Boomer generation, and we know a Crisis is coming. (Barack Obama was Gen X.)

>2050
>The 63 yo boomer who bought a house for 1 LINK that costed them literal pocket change

In 20 years, after extensive job automation and the destruction of interpersonal relationships, children will say zoomers "had it easy".

>>11101146
kek'd fucking hard

>>11095761
You're preaching to the choir. My father bought a house in south Orange County in the early 70's when he got back from 'Nam for about 60k. If you wanted to buy a house in that neighborhood today it's 1.5 million easily. They aren't even that nice of houses.

>>11101458
Gen X is too busy. Mr Blumberg asked them to come into the office on the weekend, this report REALLY needs to be done ASAP.

>>11095761

dude get on my level. grandfather bought a house in the early 60's for 180k in today's dollars if adjusted for inflation that is now worth 1 million. he also gets 10k a month after tax from his multiple pensions and has about 1-2 mil in liquid.

He was a single income mid 20's engineer at the time. Nowadays you'd need a doctor's salary to afford the house.

I also can guarantee I won't be inheriting any of this. gotta make it on my own.

>>11096568

electricity, flight, transistors, space travel, jet aircraft, modern medicine... all came before boomers lol. The internet was also contributed to mostly by gen X and later.

Boomers just outsourced jobs. They should be renamed the worst generation right after the greatest generation

>>11101368
How the fuck did you manage this

>>11096149
kek. when all the boomers die you'll be holding their biggest bags

>>11096381

I completely agree with you.

Boomers had the easiest business age in American history, and managed to abuse it so badly that they left a fucked situation for the next generation.

I have respect for Vietnam vets and that is fucking it.

I'm so sick of working for one boomer after another who has a $500k+ mcmansion and complains about youth today

>>11097737

>Buying with gf
>Gf
>G
>F

Wew, I hope you have prepared your boipucci.

>>11097668

If inflation calculation included home prices we'd all feel like we're getting fucked up the ass every few years.