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In 2023 one is either rich, asleep or depressed.
America has been invaded by 14.6 million foreigners of dubious intent over the last 3 years. Home and car prices should be the least of any lawful American citizens worries.
In the height of depression in the 1930s average income was $3,900 and today it is $56,000. The cost of a home was $3900 (3x income) in 1930 today average home costs $426,000 (8x income). The cost of a car was $600 (45% of income) today an average car costs 48,000 (85% of income).
If average income was $3900, and the average home cost $3900, that 1x income, not 3x income. If a car cost $600, that's 15% of income, not 45%.
An average 1930 home is not comparable to a home today. Square foot, number of bathrooms and fixtures, cabinets, closets space, electrical, hvac, insulation, double or triple pane windows, lighting, siding, building codes all are not equal.
I think the government has managed to kill the American Dream, and I don’t think it’s coming back. I’m glad I’m not young. I think it’s rough for the coming generation, and I definitely don’t think this is a “tighten your belt for a couple years, pretty soon the good times will be back and everyone will be happy” situation. We killed the golden goose.
It’s a small price to pay to not have to endure mean tweets coming out of the White House by the orange bad man.
The average income of the American family dropped by 40 percent from 1929 to 1932. Income fell from $2,300 to $1,500 per year.
During the 1930s, manufacturing employees earned about $17 per week. Doctors earned $61 per week.
The stock market didn’t return to pre-depression levels until 1954.
https://great-depression-facts.com
“The average household income was $106,270.90 in 2023. It was $102,310.10 in 2022 (not adjusted for inflation).”
https://dqydj.com/average-median-top-household-income-percentiles/
“To be in the top 1% in 2023, a household needed to earn $591,550. $570,003 was the non-inflation-adjusted threshold in 2022.”
“The laws essentially eliminated R-1 single-family zoning everywhere in California, allowing up to six housing units on lots formerly limited to one and making approval automatic for high-rise residential buildings on all streets reasonably close to mass transit.”
“That meant easy permitting, for example, for buildings up to five stories on any street where officials suddenly open a new bus line.”
business is not possible in a communist country
The Great Recession for me was as bad as the Great Depression was for anybody who went through it.
On the cheery side, this collapse in the value of money means there won’t be as much wealth around for all the gangs of illegal aliens to steal.
leading lives of quiet desperation...