People should see that stories like this one also dovetail with stories of “Where did all the workers go?”
Prices are absurd. And who can buy a house now? Prices are through the roof. The standard vision is that young people start off at reasonably low-level jobs (I’m not talking McDonald’s). They enter the workforce, chasing that American dream. Some hard work, some loyalty to the Big Company, and they can rise up and start a family, buy a home, and live a life.
All of that is out the window. The American Dream is running away from young people faster than they can run to catch up. Their employer will show them no loyalty. They will not rise up. And they won’t ever be able to buy that $600,000 starter home.
People give up on their dreams and drop out of the workforce. A minimal existence that keeps them from starving is all they want. They figure contributing to the country’s economic engine is a fool’s game.
“be able to buy that $600,000 starter home.”
Lot of them are living in camper trailers down here. USED camper trailers.
RV Trailers are/used to be, qualified for FHA as far as I know.
.Gov has pushed for asset inflation instead of the idea of wage increases; even now .gov says wages ran up too high. Asset inflation allowed for the outsourcing of the American workforce, global wage arbitrage, massive legal/illegal immigration. People thought they were doing better, but it's just via the increase in government spending.
“(I’m not talking McDonald’s)”
Why not? $17.50 full-time starting wage here is not bad ($36,400/year). Even a single-income person here can save up and buy a starter home on that.
Your post will not be heard or understood by the old fart brigade.