spoken from a person who sells real estate. if you buy a place to live in that's fine. otherwise because of taxes, insurance and upkeep it's not worth it as an investment.
Started out here as an undocumented immigrant in the 80’s. Amnesty worked in house keeping, construction, etc. fast forward to now, I am a specialist physician. Real estate has treated me well.
While the video presentation is good; there is an embedded falacy. The only reason why house prices are going up is because of inflationary regime. So yeah, you can eventually become a billionaire from the real estate and buy a dozen of eggs with 5 pounds of $100 bills...
The standard of living is based on primarily two things, the price of necessities and your household income It doesn’t really matter if eggs are .10 cents a dozen when you make only .05 an hour. It would be interesting to hear how much the average family made back in the 50’s
Back in the 50's woman stayed at home, but now women wants to enter the workforce to compete with men. The more people enter the workforce means the less employer have to pay their worker, when there's a shortage of available people the more the employer have to pay to compete for worker. So we can all thank women for our low wage growth.
God evening Mr Jerry, yes real estate has always been a good investment. However, I have made 10X more in the stock market. So yes, be diiversivied and just don't depend on just one investment.
¡the ongoing rising costs of living expenses continues benefiting the well connected organised parasitic elitists who are still promoted and defended by similar like minded especially those trying to attain to ReTain a better socioeconomic status with a better quality of life that extremely few actually achieve!
The rise of feminism and the rights of women to work outside the home to join the dog eat dog world brought these clear advancements to the family's wealth. You go, Gloria Steinem!
Basically if you’re born in the 90’s or above you’re screwed.
spoken from a person who sells real estate. if you buy a place to live in that's fine. otherwise because of taxes, insurance and upkeep it's not worth it as an investment.
Not to mention the quality of newly built homes are on the decline
one stat i saw: in 1980 one hour of minimum wage could buy ten dozen eggs. today, that would run $35-40.
Started out here as an undocumented immigrant in the 80’s. Amnesty worked in house keeping, construction, etc. fast forward to now, I am a specialist physician. Real estate has treated me well.
I don't believe you.
@ you don’t have to. I am now eating ice cream in my weekend home living room and looking at the bay.
While the video presentation is good; there is an embedded falacy. The only reason why house prices are going up is because of inflationary regime. So yeah, you can eventually become a billionaire from the real estate and buy a dozen of eggs with 5 pounds of $100 bills...
The standard of living is based on primarily two things, the price of necessities and your household income It doesn’t really matter if eggs are .10 cents a dozen when you make only .05 an hour. It would be interesting to hear how much the average family made back in the 50’s
"The system is broken" is a lame statement that says nothing.
Hi Jerry, You could have added the cost of burial to your then-and-now list. Even the cost of cremation has skyrocketed.
Back in the 50's woman stayed at home, but now women wants to enter the workforce to compete with men. The more people enter the workforce means the less employer have to pay their worker, when there's a shortage of available people the more the employer have to pay to compete for worker. So we can all thank women for our low wage growth.
Thus showing the impact of inflation and the complete failure of the federal reserve.
God evening Mr Jerry, yes real estate has always been a good investment. However, I have made 10X more in the stock market. So yes, be diiversivied and just don't depend on just one investment.
Consumer spending is strong because of Credit Cards but the bubble will soon bust and we'll have a technocracy for the 4th industrial revolution
¡the ongoing rising costs of living expenses continues benefiting the well connected organised parasitic elitists who are still promoted and defended by similar like minded especially those trying to attain to ReTain a better socioeconomic status with a better quality of life that extremely few actually achieve!
The rise of feminism and the rights of women to work outside the home to join the dog eat dog world brought these clear advancements to the family's wealth. You go, Gloria Steinem!