Although fubo is assisting in destroying the middle class, the middle class itself has to take responsibility for destroying itself... let me explain before I get flamed..
if you watch Leave it to beaver, mad men, etc., the middle to upper middle managers, who made good money, lived in modest homes, with one car, and very few luxuries..they were frugal, lived within, and sometimes below their means, and had money in the bank...
fast forward to 2007, and look where the average middle class person lives today.... 2400 to 3500 square foot mini mansions, with 2 cars, a boat, off road vehicles, ten thousand dollars in kitchen appliances alone, and little to no savings. These people then decided to put second and third mortgages on their homes to buy the toys, take exotic vacations, and send the kiddies to university instead of the local community college.
when the bottom fell out, they lost everything, and now scream that the government did it to them. Nobody put a gun to their head to take that vacation to the bahama’s... or to buy the 23’ power boat... they did it to themselves. I remember driving around my area, looking at the subdivisions going up with the minimum 2400 square foot house, and I used to ask my wife, “ Who the hell is going to live in all these houses? There ain’t that many doctors and lawyers here”. Well, most of these subs are now empty, with repo stickers in the windows.
The middle class has committed suicide. Fubo is merely assisting ( and rather aggressively at that )
Eleven years ago I took a commission sales job selling roofing service following a monster hailstorm. I soon realized that there were huge numbers of “McMansions” around this little town and I mean houses that would make 2400 square feet look a tiny cottage. I made some good “licks” selling roofs on them but I couldn’t imagine who had that kind of money, there are a lot of doctors and others in the medical field here but not that many. One day I got into a conversation with a real estate man and he told me that most of those huge houses belonged to couples who both had good jobs and were putting every penny they could scrape into the mortgage. He said they all bought the most expensive house for which they could qualify and had ZERO discretionary income and in fact would never be able to reroof if the insurance had not paid for the roof.
I did an estimate for one man I had known casually for years and I was astounded to see his house, I would never have considered something so large unless I had enough money to pay cash for it. It looked like a small motel in size. He told me they were planning to trade UP!
A very different way to live, indeed! Yes we did it to our self willingly. Television, commercials and billboards are seeking to induce us to buy, buy, buy,