/biz/ - Business & Finance

[Anonymous No.22727024]

how come I can't afford to buy a house by the time I'm 20 like my grandfather did?

[Anonymous No.22727060]

>>22727024
Because of inflation and the removal of the gold standard.

[Anonymous No.22727066]

>>22727024
because your grandfather earned money backed by silver/gold.
his $1 per hour minimum wage is $25/hr now.
imagine working at mcdonalds and making $200 per day

[Anonymous No.22727120]

Trying to buy a townhouse worth $162k, on a firefighters salary with a 650 credit score. Cant even get a pre approval. Chose the wrong career apparently

[Anonymous No.22727126]

>>22727024
Men bought houses when they start families. But the nuclear family is dead. women are whores and don't want to settle down and make a home/start a family because thats considered to be oppreshon.

Also an apartment in my area costs 500,000 USD where they used to cost 150,000 in the 90's when my dad was first starting out.

[Anonymous No.22727160]

>>22727024
jews

[Anonymous No.22727163]

>>22727120
fuck man town houses in my area literally start at 500k. If I could get a decent town house for 162k, I would be living like a king

[Anonymous No.22727165]

>>22727120
Shoulda got a Jewish girl pregnant

[Anonymous No.22727174]

>>22727120
You did. Imagine being you
>firefighter
>townhouse
I can't imagine being more cucked. I assume you're also a homosexual.

[Anonymous No.22727202]

>>22727163
>fuck man town houses in my area literally start at 500k. If I could get a decent town house for 162k, I would be living like a king
Its called geographic mobility. Imagine being envious of an overpriced town house.

[Anonymous No.22727266]

Because your dad and his friends thought it would be a good idea to use housing as their retirement fund and screwed you and your friends over. You got fleeced by your parents and boomers.

[Anonymous No.22727403]

>>22727202
>Its called geographic mobility. Imagine being envious of an overpriced town house.
I can understand it being a harder choice to move away from actually great friends and family.

For my tech career, leaving Ohio was an easy choice. Firstly, all my friends spread across the globe: dallas, seattle, brazil, california, nyc, etc.

Then, more importantly, I had a narcissistic mother + enabler/codpendent father, among a family with multiple people seeking out their 2nd or even 3rd spouse. I reckon daddy/mommy issues are why most of us are here on this board.

[Anonymous No.22727459]

>>22727403
boy you just nailed it. My mom is a HUGE cunt. She caused many years of heart wrenching heartache in our house. While dad enabled the behavior by not dealing with it because he would catch her wrath too. I will never understand why people have children and then choose to fuck them up. Its such a shitty thing to do.

[Anonymous No.22727471]

>>22727060
Fpbp

[Anonymous No.22727484]

>>22727024
This is why I only scam and don’t work

[Anonymous No.22728081]

>>22727459
Some people literally just dont care

[Anonymous No.22728131]

>>22727459
odds are your dad felt he had no choice...or more specifically he felt his only choice was leaving which wouldve been worse for you.

[Anonymous No.22728155]

>>22727174
KEK

[Anonymous No.22728266]

>>22728131
Thats exactly how he felt. He told me this recently. 1. He did not want to lose everything in divorce
2. He did not want to watch me and my siblings get raised by another man.

[Anonymous No.22728305]

>>22727024

Socialism removed all chances of success

[Anonymous No.22728429]

Because in 1960 houses were only worth a year's salary and it was this way until maybe the 1980s when it was double a year's salary. Since then the boomers have turned basically everything into a scam for their retirement, which is why feeling bad about scamming boomers is a chump's game.

>>22727484
>the scam senpai

>>22727403
>>22727459
>my mommy also stole lots of money from me and acted like I was a failure who owed her

Haha, it's probably just that modern women are shit.

[Anonymous No.22728507]

just imagine how much cock a firefighter that owned his own townhouse would get

[Anonymous No.22728573]

>>22727024
because you spend your time on /biz/

[Anonymous No.22728718]

>>22727024

[Anonymous No.22728759]

>>22728718

[Anonymous No.22728801]

>>22727060
This.
Also fuck jannies

[Anonymous No.22728843]

>>22727060
>>22727066
Most people aren't financially literate enough to realize this, but removal of the gold standard has actually made it easier to get rich if you know what you're doing.

[Anonymous No.22728907]

>>22728718
>>22728759
https://www.measuringworth.com/dollarvaluetoday/relativevalue.php?year_source=1960&amount=1&year_result=2019

The Wage, Income, Household Expenditure Measures

$1 in 1960 has a relative wage of $12.04 paid to an Unskilled Worker today.

$1 in 1960 has a relative wage of $15.69 paid to paid to a Production Worker today.

$1 in 1960 has a relative Per Capita GDP of $19.69 today.

$1 in 1960 would be the same proportion of what the average household spent on Consumer Goods and Services as $9.99 is today.

The Output Measure

$1 in 1960 would be the same proportion of output as measured by GDP that $35.93 is today.

[Anonymous No.22728940]

>>22727060

If only our monetary system was based on shiny rocks

[Anonymous No.22728959]

>too autistic for real jobs
>make like 25 grand a year net freelancing
>only spend money on groceries, health insurance, rent for my mother, and student loans
>manage to save a little bit each month, but it's a drop in the bucket
>mom foisted my student loans off on me because she "can't afford them" after getting a $50,000 inheritance from her father that she spent on some windows and wall paint
>tells me I need to "live in the real world" and that I have 3 months to find a place to live
>says I'll figure out how to make money since she did when she was my age
She used to proudly tell everyone that she was paying for my college education before making me sign off and pay it. I even tried to take frugal options back then because it seemed absurd to pay extra to live on campus, but she insisted because it was on her dollar.

Sorry for the blog, I just die inside looking at the housing market and realizing how fucking priced out I am. When is this shit going down? Who the fuck can afford these prices?

[Anonymous No.22728973]

>>22728843

Agreed, it’s a complete meme. Gold standard is fucking awful.

[Anonymous No.22729011]

>>22728959
So what will happen when she grows old, will you take care of her or use power of attorney to dab on the bitch and leave her destitute?

[Anonymous No.22729044]

>>22729011
I'd imagine I'd have to take care of her unless I want her to rewrite the will and leave the house to the guy who she cheated on my dad with.

[Anonymous No.22729090]

>>22728973
>Gold standard is awful

Yeah until those majic numbers on your screen disappear...Oh sorry your 401k was hacked, you now have zero digits in your online account. I mean damn at least you could hold gold in your hand. Everything else is fake. It literally has no intrinsic value.

[Anonymous No.22729107]

>>22728959
>charging your kid rent
>kicking your kid out anyway even though they're fucking paying you

[Anonymous No.22729132]

>>22727024
Jews and babysitting the third world invaders.

[Anonymous No.22729146]

>>22727024
There are benefits to starting your career at age 14, unironically.
In Germany it's still pretty common for people to start apprenticeships at age 16

[Anonymous No.22729243]

>>22728305
you spelled neoliberals wrong

[Anonymous No.22729290]

>>22727024
population explosion, increased construction regulation, artificially low interest rates for decades.

it's kind of amusing when i look at price histories on houses in my shithole town in the suburbs of philly. population has actually decreased over the past 20-30 years, crime and poverty have gone up, middle class jobs have disappeared, and city itself (philly) is still a festering nigger shithole. yet a house that sold for $120-150k back in 2000-2003 now sells for $270-300k if not more. if you believe the CPI, the greatest jewish lie ever told, inflation from 2000 to 2020 is only about 50%.