Of course, wealth is not based upon just how much $ one has, but the cost of good relative to that.
No surprise. The largest effector of wealth building is time. The second largest is skills that interface with the new economy. Boomers had time, the young are wizards at the newest wealth-building tools.
60 years ago we used to hear about the very rare millionaires in their 20’s. There are many more of those as a percentage of the population now. Being a millionaire isn’t what it used to be, but being a millionaire who is under 35 means huge opportunities and more TIME to build a lot of wealth.
Do you really think the average household wealth in the USA is ~$1.5 million?
How much would a current operating cell phone have been worth in 1970? a current operating PC?
Mr. & Mrs. Fairly Young, congratulations on your wealth build-up.
The house you bought in late 2020 has shot up in price.
But the politicians are all campaigning on affordability - we might lose all our equity in a few years.
Hello, Mr. & Mrs. Long Island, nice house you’ve got here.
We think it is nice, but the taxes, it’s like we’re renting from the public employee unions.
How much?
$15,000/year!
You might be able to get a similar house in a better climate with a PITI of $12,000/year.
But Mr. Long Island has a nice, well-paying job in the city.
Do you hope Mayor Mandani doesn’t tax his employer away?
We’re worried.
[2027]
The Sino-Siberian Cancer Treatment Organization will use transferred patented technology once owned by leading EU, UK and UK drug companies that have been transferred to Russian trusts and Chinese chemical experts & oncologists to provide Chinese cancer patients with the latest cancer drug treatments at unbeatably low costs at Siberian treatment centers such as the one nearing completion in Vladivostok.
Investors from India are looking for warmer locales in the Federation.
Most would say no, you then can explain the HOA/socialism correlational. There will be some who sadly will run to give up their rights. Tho after having been fined by a HOA for their grass being 1/4 of inch to short or their outside light being a 5 lums to bright.
A 40-watt incandescent bulb produces approximately 400-500 lumens.
That may change.
Ask them how they would like to be told how to dress? 'No cut off shorts in public view...' Fine!
You can't leave you garage open for more then 10 minutes at a time...Fine!
Yard inspections at random, front and back yards? To many plants. Referring to an herb garden. Fine!
Some HOAs have rules that allow a HOA designated person (s) to inspect the inside of you house. Fine! furniture doesn't match.
All the while watching you like an east German boarder guard ready to pounce at any given moment to apply a fine. Fine! Fine! Fine! Fine! Fine! Fine! Fine! Fine! Fine!
Most of the time if their IQ is higher then their waist and shoe size added together they will under stand the socialism is a bad thing.
For those that don't get it, don't get mad. Give them a shinny selfie-stick and suggest that they could get some really rad action pic's by the main highway for their social media...............
I kid, I kid....
I did not post the link I have for cheep bulk buys of selfie-sticks on the advice by my friend who is a lawyer.......you can google it tho. *-)
Enough to waste on DoorDash and Starbucks.