"Do I even need to say it?"
Posted on 01/06/2022 9:19:02 AM PST by SeekAndFind
bkmk
You’re right, never thought of that
Who in their right mind wants to live in a Blue city run my a Dem mayor and a Soros DA?
"Do I even need to say it?"
This guy Jimmy McMillan is a real hoot. I wonder where he is.... If he’ll give New Yorkers more freedom from the vaccine mandate, I’ll even take him over Kathy Hochul for governor.
I'll miss him when he's gone.
I won't miss his facial hair though.
I wish I could unsee his beard.
Anyone under the age of fifty has never experienced inflation. The generations of kids you speak of are not going to be able to deal with it.
These are the same little brats who ten years ago could be seen standing in the middle of an isle in Walmart screaming their heads off because “Mommy I want it NOW!!’’ are the little punks who are now burning down the Walmart after looting it.
There is the problem of property taxes.
Most home buyers today will pay more in property taxes than in mortgage payments over a 30-year mortgage term.
The solution is to do away with ad valorem taxation.
A $100,000 three-bedroom apartment should pay about the same school property tax as a $1.4 million six-bedroom house.
In your area there might be a sound rationale for limiting how many people can live there. But where I live in the Chicago metro there is none. The areas I speak of all have public utilities and with Lake Michigan providing the water, there is no shortage. But those who already have their slice of pie are all too happy to restrict the opportunity for the next generation. One of the funny things about real estate is that Elizabeth Warren of all people identified this problem a long time ago. She wrote a book called The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke.
While I did not read that book, I found an hour long lecture by her about it. She noted that the share of household disposable income went down from 50% in 1970 to 25% in 2000. That alone is an astounding figure. And I wonder what it is now using 2020 data. The conclusion was that almost everything stayed the same price adjusted for inflation except two things. And those were taxes and housing. Housing she explained had largely gone up due to self segregation. And this segregation was based on moving into areas with “good schools.” I’m not sure I agree with that, but nonetheless taxes and higher housing were the main cause for the reduced share of income being disposable.
I'd take Pat Paulson, at least I think he loved his country.
“Stagnant wages are a choice.”
No, I’m sorry, but we are talking about aggregate economic measures here, not individual choices. Nobody’s individual choices are going to raise the entire economy out of stagnation, save for the few people who control the reins of the economy, and they aren’t budging from their foolishness.
“I make a measly 30k in a factory, and I have my own home with all the trimmings.”
Sounds like you live in an area where the cost of living is on the low end, no? So maybe your experience is not applicable to most.
2019
Southampton, NY
median household income $122K
median property value $1.23M
https://datausa.io/profile/geo/southampton-ny
There’s a lot of people who might be paying 20 to 30% of their income in property tax and many people that are paying over 50% of their income in property tax.
“They’re all afraid they can’t afford a rent payment or a mortgage payment, plus all the related other bills, because they are used to blowing all their earnings on frivolity.”
My wife walked out of vet school in the 80’s with 8000.00 of student debt. Her summer job at Hamilton Stamping each summer nearly paid all her schooling.
Vet students are now walking out with $200k and they work 2 jobs in the summer.
Us old folks had the gravy train while you will admit it or not. Young y and z’s are screwed.
“I make a measly 30k in a factory, and I have my own home with all the trimmings. Don’t tell me it can’t be done”
How old are you and when did you buy your house?
When even two incomes can’t afford a home, the only buyers will be families with three or more incomes.
https://www.realtor.com/realestateandhomes-search/Waukegan_IL
It’s just about seven miles from Lake Forest, Illinois.
I believe there’s METRA train service to Chicago.
Hard to save for a home when your yearly expenses include a $2000 IPhone, $5000 Alienware/Macbook pro, multiple Onlyfans subscriptions and a sex change operation!
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