This is blackpilling America; no one will want to work in this economy
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- Опубліковано 7 тра 2024
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I am total blackpill at this point. Given up on ever finding a girlfriend, marriage, having money saved, having basic civil rights, and definitely homeownership. It's impossible.
How old are you? What do you want to do? What, if anything, did you go to school or are you educated to do? What do you do right now? What challenges do you face that are the biggest obstacles in your personal life and your quest for happiness? I'm curious. Thank you for sharing.
this just means that typically the person doesn't want to responsibility and see the faults they have and work on it.
@@rossmanngroup Im i the same boat as Ray T. I have two engineering degrees (nuclear and civil). Im 30 and am earning 50k a year where 400 sqftcondo is 700k. Im waiting for my parents to die so I may get a little bit of a down payment. My only hope is that my parents die.
@@rossmanngroup similar here. Finance accounting and econ degrees. Doing mind numbing work that produces nothing real is worse then being unemployed (was making 60k+). I would need almost 200k for a downpayment were i live to get into a house that i cant then afford the mortgage on. I think what you miss in your analysis is that most people now a day are not using their brain to solve issues and advance things its just repetitious box checking and paper wealth creation, ( I think the fact you are a business owner building a business is why you view this differently), and that remaining in the race is not better then giving up. Why tire and waste your time if your not actually gonna get to the end point like the other people running. What you are missing is that this is as bad in most white collar jobs as it is entry level blue collar jobs, everyone my age (mid 20s) absolutely despises their job and is weighing giving up totally at any moment.
@@carepackageman if you have 2 engineering degrees and only making 50k a year with no investments or passive income at 30 and simply waiting around for your parents to die so you can leech off their remaining wealth... Sounds like you make bad personal decisions. Probably doesnt help that you view your parents merely as a financial vehicle for your own ends. I need a shower after reading this. Gross
People can't afford to live as adults in neighborhoods that they grew up in, doing the same jobs their parents did.
Had to leave my home city 4 years ago after 30 years. Barely any of my friends i grew up with are still there and those that are live on the outskirts (where their parents lived by the city) and they are living pay check to pay check and even they are on the verge of having to leave.
The lady who was elected promised she would fix the housing problem and she's actually made it worse intentionally. No one wants to mess with the Boomers who own most the properties because they can swing an election either way through sheer demographic numbers.
Well, that's been true since 1970.
@@RichSmithson Exactly. Home owners and their property values are the new 3rd rail of American politics. No thought for how keeping it inflated in the now is tossing at least 2 to 3 generations' future to the wind, so long as the older voting bloc isn't upset by a market and interest rate reset back to presumably saner levels.
@@RichSmithson Boomers truly are the societal tumor that keeps on givin. Can't wait till they kick the bucket.
@@XanVicious Hard to blame the boomers when that generation just before them did Worldcom and also stole the boomers' retirement funds.
That said, it's still baffling how houses that are almost as old as I am are treated as investments and haven't devalued much despite having 3 decades or more of wear and tear.
My friend bought a house that's older than him and they still wanted to try to charge around the same as what comparably-sized new houses in the subdivision across the street cost. Uh, no. That plumbing's got maybe 20 years left on it at best before something major breaks and it's a slab foundation. That doesn't even get into the roofing which was going to have to be redone within 10 years.
The way they used to get people to work was by making sure a job enabled you to have a home, a family, stability, etc. If that isn’t true anymore why should anyone work?
While we’re on it, there is not such thing as “unskilled labor”. The concept does not exist. You cannot take a boardroom CEO and dump them at their dock and call them a longshorman and expect them to perform flawlessly. Its a fake idea designed to depress your wages.
@@gabrielfair724
Plus the Fake Stream Media constantly lying about America 🇺🇸 having an
"Labor Shortage"
What is really going on is an unofficial
"General Strike"
Because workers are experiencing
- Living Wage Shortage
- Hazard Pay Shortage
- Childcare Shortage
- Paid Sick 🤮 Leave Shortage
- Healthcare Shortage
- Pension/Retirement Availability Shortage
@@phoenixpr100
On top of that, they're getting fired for not being obedient slaves and allowing one of the least trustworthy systems ever concocted in the last 1,000 years to inject them with experimental crap that was unlawfully rushed through phase III trials by an entity (FDA) that has been known to collude with big agri and big pharma.
Then we should fire our employers and work for ourselves. But how?
@@phoenixpr100
We the needed workers, are not slaves. We can read and we have internet access. We never agreed to take the latest trendy unsafe "poison jab", the so-called "social contract" has been clearly violated by the evil deep state and Left, and how did it become such a "religion" with the Left, to pretend like natural immunity is not a thing? How did we go "from hero to zero in less than a year"? We the workers, are tired of getting dumped on. Where are our rights? Where is our cost-of-living increases? If stores do not have what we need, then why should we work? So we can buy a house? Then why aren't we building more homes for people? Why do we have this illegal not-elected regime trying to destroy energy independence, freedom, and the dollar? When is Current President Trump coming back to set things right? Some people are never going to wake up apparently? We can not wait on them.
Seems like "The Great Resignation" is so long overdue. Hopefully things will change for the good? But how much longer must we wait?
I can’t imagine kids growing up hearing about how people payed for college with their summer jobs , bought houses with jobs that now pay hardly enough to live with three roommates etc.
Just remember the MINIMUM wage from the sixties would be 20+ an hour in today’s buying power the next time you hear someone telling you you aren’t working hard enough or some other boomer cope
Yup, they got theirs so fuck the rest seems to be their underlying mantra, this is why I have no issue fucking them over and making them cry about how and why I vote. I also went all in on the stock market 6 years ago and now sit in a very comfortable spot after getting lucky on shit. I still fuck with the old assholes (not all of them, there are more left-leaning Trump hating people in their 50s-70s around here than I thought) and like seeing them cry communism and socialism from their butt buddies on Fox News.
The WSJ says it was equivelant of $12 an hour. Though it's not the federally mandated minimum wage, $12 an hour can be easily earned by people with no skills. There are challenges, but there's never been an easier time to start a successful business. Which is good, because it seems like they may be the only way to keep up with or beat inflation.
@@mctransportation9831 A vast majority of businesses fail; just "starting a business" is not a solution.
Corporate and real estate greed (which are tied together even more today) are killing the country. The COL increases are 2-3% the companies will charge within a few cents of what their competitor charges not how much it costs them to produce. Rental corporations have in the lease an option to charge you five to eight percent increase on your rent. Everybody's going to continually fall behind.
@@mctransportation9831 pretty widely reported it’s close to 24$ per hour
In 1973 my parents bought a 1,300 square foot house in Los Angeles for $17,500, and sold it for $75,000 in 1989. Today (2021), on Zillow it's on the market for $1.3 million.
classic
Last week DWACW or DWACU stock was around 44c per share $0.44. This week it went for something like $75 per share, a 170-fold increase in less than one week. All bc Trump started a social media company.
what were the interest rates in the 80s?
Holy shit man. That's fuckin insane
@@rednola9892 If I recall correctly interest home interest rates in 1973 were around 5-6% and in 1989 they were 9 - 11% which were much lower than in the early 80s at almost 20%.
Blackrock's got no problem buying homes. ...nice to be near the "free money" spigot.
This should be an easy regulation. Stop institutional investors from keeping people from owning homes.
And BlackStone
@@Btn1136 They was working on concert with the Federal Reserve. Government is not the answer. They are bank rolling them.
That fear alongside money printing is exactly why demand for homes is going up. Boomers retiring from home construction doesn't help matters either as there aren't enough skilled workers there to go around and material goods just aren't being delivered because muh mandate, delaying home projects as a result.
@@LowBudgetHighRollers yep- I think you’re right.
Buying a home 3 bedroom this Friday.
To get the deposit,
I did not drink
did not smoke.
Did not party,
Worked pretty much nonstop for 10 years.
Lived with my parents.
Now looking to finally pay it off when im in retirement...... So living the rest of my life in debt.
Compared with my parents generation, who could afford a home at 20 fully payed off in 10 years.......
Life is tough, I wish all the best sir
@@admiralackbar4652 Thank you.
@@generalharness8266 congrats on the house
Your home will likely go up in value, you can rent out rooms to make extra cash...congratulations on your new investment that might make you more than your salary over the next few years
@@coastcity7029 or sell at the peak for a profit. This has to burst..right?
Another problem is that everyone and their mother figured out they can flip houses. So you have people buy fixer-uppers for like $80k in lower cost areas, they toss some paint on, change the interior, and put some pea gravel in the backyard and then ask for $250k.
GREEEEEEEEEEEEED
No one has held HGTV responsible for its negative effect on the real estate market and I'm absolutely serious about this. The channel romanticized house flipping and introduced tons of shitty DIYers to the concept so now you have an epidemic of badly reno'd houses at exorbitant prices.
This exact thing happened to the house next to mine. Total pile, sat for a year with all the windows open, was at the point that it pretty much just should have been torn down. Someone snapped it up for cheap, did a bunch of shoddy work to cover up the nightmare that was inside, and then sold it for four times what they paid. The people living it it now seem quite nice and have three kids, and I really hope there's nothing festering in that house that's going to cause them health problems over time...
Well, it only works until it doesn't. House prices/rent only go up because demand is strong. As policies and the economy changes the prices of homes will follow, either up or down. The current system incentivizes borrowing due to low rates and the current rising home price environment. It will end when the system changes or crashes just like it always does.
My mother lives in a 55 and older area, the corporation slapped these houses up so fast with illegals, everyone has had issues with their houses, some worse than others. And the smallest houses go for 600k, mindblowing
This is how the "You'll own nothing and be happy" model starts, make it impossible to own a home or even rent an apartment by yourself. The only question is when do the corporate entities we all work for begin "Renting" space to employees? Imagine if every mcdonalds had a small building off their parking lot to house the 12 employees who work in the place. They "rent" the space from mcdonalds who in turn takes 90% of all the money you might earn as rent.
Now imagine that on a nation wide scale.
Its not even difficult to imagine it's just the enlisted man's experience
@@yirawls That one hadn't even crossed my mind but you are absolutely right.
Amazon and Tesla are already on it. Mining towns are back and it's disgusting
Yet if you ever talk about burning it all down, you're the bad guy. It's better to just make an escape plan than plan a revolution, because too many people would rather be slaves than stick their neck out.
Ha the fast food place down the street has 2 apartments on the 2nd floor.
I heard people in the 70s could buy a house with just one job
Sounds fun
Those same people could get a job with no college degree as well. They then turned around and decided to pull the ladder up after them, mandated college degrees, and started buying up multiple homes as "summer" or "winter" properties. There's a reason that group gets as much hate as they do. They were the most spoiled generation to ever live and made more problems for us than even the ones that allowed the "federal" reserve.
@@Ashendal Yuuup. I quietly smolder whenever my Gen X dad talks about how he got into software development by just showing up, literally knowing nothing, and got his own office and just learned coding while on the clock because no one had any real standards since it was new, and now decades later makes nearly half a mil annualy. Meanwhile I had to spend a year of learning, coding bootcamp, and project building just to even get an email reply, and if I'm lucky I'll win the privilige of going through a 3-5 round interview loaded with tech trivia and BS algorithm grilling exercises on a white board where I must have bullshit no one manually does perfectly memorized 'Because Google does it in their interviews!'. And then just get turned down because they found an H1-B to do it for cheap from some recruiter company anyway.
women entered the workforce causing massive inflation. inflation sucks! You think its bad now wait until Congress passes a TRILLION dollar stimulus bill, prices of everything are going to go sky high.
It's what happens when you flood the labor pool. America has this stupid idea that it's a good thing if everyone works and people are so concerned about freeloaders, but that just creates a flooded labor pool where the value of labor goes down. The problem isn't inflation, it's the fact that wages aren't going up to match inflation like they should because the labor pool is massive and the price of labor is dirt cheap. As we automate more and more, fewer workers are actually needed, yet the underlying system hasn't adapted to that. Instead we've went the opposite direction and doubled down on the "Everyone must work!" philosophy that just ends up screwing everyone because it undervalues labor.
This isn't a new idea when it comes to supply/demand. The Agricultural Adjustment Act specifically pays farmers not to plant on part of their land, because creating a big surplus is bad and ultimately screwed over all the farmers. We really need to adopt that same ideology towards labor. This is the age of automation, we should have less people working, not more.
One income.
Look at Ukraine to see where America is on track towards. 2 classes of people: landowners and renters. That's it, no middle class and no upward mobility.
In a word, a return to Feudalism. (not an accident)
Damn, that sounds like what a certain German philosopher/economist from the 19th century wrote about...
@@_DeathDreams_ Which one?
@Alexander Jossart Nothing terrifies me anymore. I'll just live to fight and die as either a petty bandit or a historic warlord should we fully go down that path.
@@ukashi694 Karl Marx
Who knows whats actually going on in the economy?:
* One simple laptop repair man
* All financial and political newspapers combined.
It is rather tragic when I go to my favourite laptop repair channel to get news on the economy. And even more tragic that I believe Louis to be more truthful than any printed media.
Look up "Austrian Business Cycle Theory"
Glad to see houses I can't afford are now more unaffordable 😑
and more unsalable too. Can't sell what people can't afford.
@@suroguner It's called loans and big investment firms!
Perhaps Yellen's tax on future (unrealised) gains will include housing and everyone will be forced to sell
Been a wage slave since 1984. Only time I ever looked at buying a house was in Cape Coral Florida, in 1993. A 3 bedroom slab-on-grade ranch style house on a tiny lot was 89,000 through the H.U.D. program for low-income people. I just checked Zillow for homes in that same city, the cheapest 3-bed house listed is 213,000. That is a 233% increase, but my wages have not increased nearly that much.
I am a construction worker, which means that most people will denigrate me for not being some ivy-league office drone, but remember that my job cannot be offshored to India. Oh, and somebody has to actually build the things that exist, new homes don't just magically grow if you water them.
So yeah - I have spent my life building houses - many of them have been in the 1,000,000+ price range - and there's no way in hell I could ever afford one.
'greatest country' my eyeball. Perhaps if you make an obscene amount of money it's not half bad, I don't know. Never had the chance to find out.
I'm still hungry, please pass the bowl of blackpills.
Here you go brother 🥣💊💊💊
Not to disparage, but I worked welding/iron fab and erection from 6am to 2pm everyday and then took community college courses from 430p to 9p for 3 years and got my associates degree and from that for an entry level programming job in the silicon valley. It sucked but it's possible to climb the ladder!
@@joshuakuehn Not to disparage. But you are. Sadly.
That's the saddest joke of all when it comes to American work. The poor guy who can't even afford the services he provides.
I heard a story of an EMT who had to uber to the hospital when fell ill because he couldn't afford to take an ambulance.........ya know, the vehicle HE drives for a living! 🤣🤣🤣
@@LembeckIsStaying It's something of an irony, isn't it?
At the end of the day, people don't want to work 40+ hours a week just to have it end up as an exercise in futility, IMHO people are finally waking up to the fact that they have been severely underpaid for the level of skills and responsibility they are
Why should they.... this economy has been destroyed over 30 years.
$15 per hour does not pay for anything unless you have 4 people for a 500 square foot apartment.
Seattle, Washington.
Violent crime is going to get way worse.
Invest in a fire arm gun, or a crossbow at the very least. Protect your property and your family/friends.
@Jesus is Lord unless jesus has a gun they aren't going to protect me much
@@SilverScarletSpider i think a crossbow will get you klld more that secured, i would rather something with and edge in that case
Good. It's well deserved.
@Breve Stule they are quiet and trust me, more deadly then anything short of a 12 gauge.
Louis makes a really good point that no one talks about. And it’s true. I myself am an hvac tech trying to start my life out right now with my girlfriend. We live in CT and it took us a year to find a crappy apartment for a ton of money. We both make okay money. I’m scared I will not be able to buy a house. The prices ran away right when I was getting into the market. Very sad. :(. I hate knowing that my dollar is losing its value. Most days it’s hard for me to go to work emotionally because I work so hard for what seems like a lot. But in reality is so very very little. I hope to own a home someday. But if I start to feel like working isn’t going to get me a basic home, and retirement someday. Screw it. I just will work a lower paying job and enjoy my time off from work. The blackpilling has been happening for a long time. Corona just accelerated it.
I'm sorry my friend. I understand the feeling.
Put some money in a low-fee S&P 500 or total stock market index fund every 2 weeks and close your eyes. Live somewhat frugally and you'll be able to retire by age 60 at the latest.
Yep, the Northeast is a joke. Move South while you two are young and you can absolutely still own a home. Just remember to keep the "woke" bullshit and voting up North.
Don't run away to freedom only to make the place you're heading to exactly like the place you just fled.
Move somewhere cheap. That's actually all you can really do. The system is designed to keep you poor. Live in a trailer if that's possible. The saying the rich get richer and the poor get poorer is a reality.
Don't be a consumer, get what you need. Not what you want. Owning your home is in the direction of being free, but when did you agree to pay property tax? You can't really be free, it's a bit like an open prison, the scamdemic just made it more of a prison.
@@rossmanngroup Just starting out investing I made a shit ton of money off of tesla.
In a normal economy I would be able to afford a house because of that.
But alas, I can't and my normal income is very low.
Then again an economy where I can make a shit ton of money off tesla is probably not a normal economy in the first place.
I just think it’s fucked up how your only chance to really enjoy life and “fully” relax is supposedly when you retire and retirement sounds like such an unreachable point in the end game especially with the housing crisis.
It’s very common to die within a year of retiring if you’re used to working all the time.
My dad worked his ass off self employed in the car business. Left all his money to a woman he married 8 months prior to his death. Literally when he was 65 and starting his retirement. Life is short. Don't bet on making it to retirement. Enjoy your life to the greatest now and know you can't take any of your money, assets, wealth or house with you when you die.
@@mycatisromeo You should be living to enjoy to most of your life Now rather then fighting to enjoy it when you are to old to enjoy it.
@@JohnSmith-ns6dp In fairness when Social Security was first established it was expected that it was only supposed to tide seniors over for a few years before they died. There was no expectation that people would be living decades after first receiving it because at the time that wasn't happening since senior age healthcare was so much poorer. Reading about Victorian era elderly poverty is absolutely ghastly so I can see why at the time SS seemed so amazing. Before elderly people were dying at work while Social Security gave them a few years worth of dignity and comfort.
I know two people who lost their retirement for reasons outside of their control after working for it all their lives what kind of fool do I have to be to pursue that????
When my father in law bought the house I rent in 2014 it was $60,000. He was looking into selling it this year and was getting offers for $250,000. Its 700sf and not in great shape. This is in Utah.
Lol house 3 blocks away. Sold in June for 180k, re-listed at 299k 4 months later, but Wait!!
they added new paint and some cheap flooring.
@@dbased1915
And presumably did not update the wiring
Today's worker is more skilled, more productive and works longer hours than ever, yet is paid far less and with less benefits than in the past. All the profits are going into the pockets of executives and shareholders, who are getting filthy rich while telling their workers they're "lucky to have a job". It's sickening to watch. We do NOT live in a "meritocracy", where hard work and real talent are rewarded. Rather, people are rewarded based on how successfully they're able to con and hustle and cheat others out of money. And the biggest cheat going on today is cheating workers out of their wages and benefits to increase profits.
It's funny the country with biggest economy can't figure out solving inflation issue, ohhh let me guess it can't be fixed coz the gov printed billions n trillions to spend in middle east n they have absolutely no clue why
If you think house prices are crazy now, you ain't seen nothing yet.
Well we're set to see a mass of evictions in the coming months, and that's going to drop home prices at least a little bit.
Is there something else you think is going to explode the price of houses??
@@ShadowLancer128 I'd guess you'd see a crash happen, people will then be able to afford more houses. Theybwill buy in spades, but it'll make the bubble bigger then that'll be the big crash. Who knows it's all a guess game until people are jumping from windows again.
Violence is inevitable huh?
@@falcor200 I think the prices of houses is correct. I think inflation hasn't caught up yet.
This is gonna be a scary ride.
@@ShadowLancer128 no, it's gonna raise them as Blackrock and other massive firms come in with their basically limitless bank accounts to buy everything up
then once they own all the property they can just set the price to whatever they want. remember, these companies never spend money unless they think they'll be getting more money then they spent.
either the prices get raises skyhigh, or they never sell them at all and renting becomes universal. and also rental agreements will probably be badly in favor of the owner.
Human productivity has exploded over the last 50 years. So why are we working more? I'm black pilled because the team leader takes all the credit and reward for what the team did.
All of the big business owners are acting like that Daffy duck cartoon where he's in the cave of jewels and gold screaming mine mine mine all mine I'm a greedy little miser. They refused to let go of a penny to give their employees.
Yes, and 50 years ago most households did not have personal computers, phones, access to the internet, AC, and even cars. 91% of households have access to at least one vehicle today compared to 83% in the 70s. The life expectancy rose from 71 years old to 78 years old. Productivity has increased because technology has increased, and in the same way our lives have improved. Workers are not magically just becoming smarter, stronger, or working longer hours. Their wages have not followed productivity but their quality of life has. This is because productivity is not being driven by having better workers, just better technology.
@@themachine9366 Americans today are lucky if they have dental. What planet are you on? Not all sectors of the economy benefited. If you live in a former factory town where all the jobs went overseas life expectancy has gone down, not up.
@@124085 technically 80% of those lost manufacturing jobs went to Robotic CNC equipment imported from Germany/Japan/California, and the remaining 20% got turned into low skill, low paying, machine operator & assembly work... (part in -> press button -> part out -> repeat for 8 hours)
(Haas machines are American, but are made on the other side of the Rockies from the traditional
@@Kieselmeister The point stands that America is richer than ever, workers are more productive than ever yet wages only shrink and inflation is spiraling out of control. The system is a joke and no one's laughing.
This year, my husband and I realized we'd saved a great deal and might finally be able to afford an in to the property game. Then we looked at the prices. Everything in our price range was clearly only that way because it was a poor investment; crumbling broken buildings - trash-strewn lots - empty cliffside swatches - fenced-in bungalows across the street from huge homeless encampments... It's extremely disheartening. We have enough for a down payment and modest costs beyond, not enough to build a house and fix up a city ontop of that...
Zar, check with your city/county's housing dept, they may have first time homeowner loans/grants that are forgiven if you live in the property as your primary residence for a few years.
"Its called the American dream, coz you you gotta be asleep to believe it." George Carlin
When is Joe Pesci gonna fix this?
ua-cam.com/video/kJ4SSvVbhLw/v-deo.html
Careful what you 'Wake up' up to though.
carlin did have a good point, in hes own way he did get it out to people even if it was based on comedy. Sometimes the truth can be easier to handle if you add some sugar aka laughter when you deliver it. The strange part is that most things carlin said is true today.
@@NeverTalkToCops1 with a simple baseball bat?
"You will own nothing and you'll be happy.." It's starting. All over the world.
I don't think that will ever happen. "You will be happy" expects people to be total sheep. Yet we can clearly see depression from generations is piling up. So people AREN'T going to be happy with system. Not until it burns down and crashes.
Aligns nicely with, "She's not yours, it's just your turn."
Liberal progressives in the West has declared war on families. Time to welcome in the NWO, eh?
You'll own nothing and will Marie Antoniette the elites is what's gonna happen.
The one thing Karl Marx did not think of: people would become blackpilled instead of class conscious
Yuval Harari also said workers in the coming ages are and will be made irrelevant and useless, rather than exploited, the way communism says.
@@ericabutts2906 Marx also predicted the tendency you mention. Departing from my original snarky comment, the real question is are people becoming blackpilled with life or blackpilled with capitalism? Is the blackpilled framing a conscious or unconscious way to avoid acknowledging growing class consciousness. Is Louis so deep into capitalist realism that he really sees it as people becoming blackpilled? It seemed to me the sentiment that he was having trouble articulating is class consciousness. It only becomes blackpilled to those that accept that there is no alternative.
We're experiencing this in Canada (Probably worse). Considering that the potential for upward mobility (Home ownership) was the thing that allowed people to tolerate our current capitalist system, I am honestly shocked (though not surprised) that politicians are not treating this with the seriousness it deserves. This should be treated as a national security threat.
Governments risk stability of their nations if the citizenry have nothing invested in the system. Part of the problem of course is that older generations (Starting with GenX) are absolutely clueless with how bad things really are, either that or are aware but are not willing to say it out loud.
I've had arguments with my parents about this because of how clueless they are acting. They bough their first house in 1998 for $120,000 (CAD), in 2018 they sold it for $750,000 (CAD), and I'm sure the pricing for it is around a million dollars today. my parents think my wife and I will be about to purchase a home when even doctors have a hard time finding proper housing. They also mentioned that me and my 3 siblings aren't poor, we're just not "materialistic". I guess no one can be materialistic if they can't afford it.
Absolute madness, absolutely black-pilled.
And our governments (I'm USA) want to continue FLOODING our countries with immigration because... I dunno... diversity or something. We're fucked.
@@TUBESPECIFIC1 Dude shut up.
@@TUBESPECIFIC1 Meaningless word salad. Take yo meds.
@@TUBESPECIFIC1 Yes, it's all a giant conspiracy. Indeed, you and only you have the answers. You're such a very special and unique individual.
The politicians aren't doing anything because they're making money off of it too.
And we keep voting them in.
What you’re describing here is precisely the point where societies collapse.
I’ve been shocked that the economy hasn’t even dipped in the last year. How is that even possible?
@@chazerrrrall the printed money hasn’t made its rounds yet.
@@chazerrrr The economy has dipped massively. But inflation isn't calculated with housing prices in mind because this isn't a nation where actual quality of life is relevant to the people who have virtually all the money. Making Wall Street look better by artificially lowering apparent inflation is part of the thin veil making capitalism look like a functional system.
@@Keepskatin its not just America.... its Canda, Europe, China, Australia, New Zealand etc.
@@Keepskatin "poorly regulated capitalism" isn't capitalism. Government interference is no longer capitalism, closer to facism at that point, just not nationalistic in nature. What we are moving torwards is a global facism where its governments vs private citizens.
If your position is that socialism or communism is the answer, then you're daft mate. There's no difference between a CEO and a politician except that only one can hold a gun to your head legally.
To be "middle-class" In Manhattan ny, a married couple with two kids need a total yearly income of 2 million dollars.
That's a FACT.
Yes - why anyone would choose to live in Manhattan with their pricing I will never know.
Manhattan has been largely unaffordable for anyone not making very large salaries for at least thirty years now.
@@VideoArchiveGuy People appear to still be under the belief that there is some kind of "prestige" of living in an overpriced, overrated city like new york.
Precisely.
In reality it’s only because you want to be liked by the kind of people who think it’s important.
Thats why I'll be happy when cites become ruins
@@Ominiumshadow24 sure.
But then the radical communist left will come to our rual communitite to wreak havoc. Let them stay where they are.
Not just expensive but prohibitively expensive. This is why you see epic homelessness here in California. A large part of that population is invisible. The working homeless living in their vehicles. Look around you.
It just reminds me of my dog, if I never let him win a game of tug of war, he thinks what's the point of playing if I am gonna lose anyways.
Exactly. Even rats know you gotta let the little guy win a match once in a while or he doesn't wanna wrestle.
Learned helplessness
Cat: "Stop getting mad about macroeconomic theory and love meeeeeee."
meow
Yes! Let's start the right to repair the administration movement!
No kidding one of these days when Louis has truely given up its just gonna be a livestream of like Louis passed out like on a couch and the cat is gonna be ruling the stream XD.
Hah! Pin of sh-
...uhhhh...
Sorry Jessica. Hes taken.
News publications will talk all day about the "Great Resignation" but no one is talking about "The Big Squeeze". Housing has gone up, gas has gone up, student loans average over $100k by the time you get your diploma (if you're doing Bachelor's or longer), some food items have nearly doubled in price, etc. While this is killing families like mine, where despite increasing the household income by $5,000 last year, we're still living check-to-check, the rich have been buying cars, real estate and other luxury bullshit. While my jaw drops at $5+ for a gallon of gas, my landlord is salivating at the new (and $400 more a month) rent contract I have to sign in two months (and there is no one cheaper within a 2 hours drive of here so I'm ostensibly forced to sign it). All this is happening while Biden says bullshit like "It wouldn't be fair to those that paid off their debts to cancel student loans." (Which is like saying we shouldn't have vaccines because it's not fair to the victims of Small Pox that my kids don't also get Small Pox) and it really looks like the elite are either trying to squeeze poor people to actual death or are setting things up for when indentured servitude gets relegalized.
Retroactively changing the rules and making people who paid off their debts into suckers is not comparable to new developments in medicine. This analogy could work for a new "free" college proposal but certainly not here. If you want this, the only fair way is for everyone to get the same relative return back. If that were the proposal, it would at least not feel unfair to those who paid off their debts. Feasibility would still be a major obstacle.
Also, these huge costs for college are linked to the easy access to loans regardless of a major's prospects (as well as many other risk factors). There used to be more qualification for these loans and then the government took over so colleges essentially had a large fresh supply of "free money." Prices shot through the roof and they did their best to attract as many candidates as possible - including rather impressive amenities.
@@Pawnlust why would you respond to the part of his post that is in parenthesis? get your head checked lol.
indentured servitude is already happening. With student loans, for instance, we are indebted to the government and financial facilities in which we borrowed those loans from- at the price of living comfortably and in other situations with the clothes off our backs.
Dont cancel the debt just dont guarantee it. The problem is government made the loans a guarantee which means every loan a college gives out the government will back it, they have a licence to print money, that's why college loans are sky fucking high they will always be government backed.
Unless you are super passionate about some high-earning field, you are an absolute dumbass to go $100k in debt for a generic bachelors.
It’s the same in the UK. I’m saving 90% of my wages yet the house prices are pulling away from me. Makes me feel like spending all that money and enjoying life while living in my parents place forever.
If that's your last resort, then I see no problem going that route.
Thats what Im doing honestly I had a big nest egg and realized that are currency is becoming worthless fast so I invested it and just bought stuff I wanted to.
It is a sensible choice given modern demographics. The idea of 'get your own house' is built around natural growth being a thing. In modern times, people rarely have more than two children (In the UK). There is no reason why we need more places to house more people, the number of people is not really increasing, immigration aside.
Culturarly living with your parents is seen as something for 'losers'. Fuck that. Be happy, maybe even be happy with someone special if you can find them. Contribute to the household and live with your family if you want and they don't mind. There are more ways to live than what mass media told you looks 'successful'.
The world is changing and it is not in a good state right now for people like you. I hope your family can be supportive and understand that. Maybe someday the tide will shift, but please don't fall for the trap for being 'forced' to spend absurd sums of money and pay off debt until retirement, if you know it's not even going to make you happy.
From the UK too, and I FEEL you! I’ve saved a bit but sometimes I feel like just spending it all 😭
I've given up on children. It was very, very depressing at first, but I've learned to reframe the situation. I plan on living in a converted van on solar/propane for the rest of my working life (remote job), using a gym membership as my bathroom. It's going to cost 100K to 120K for my entire working life since I'll be living in 8 cities throughout the year, doing city commutes in a 70 MPG scooter, stored on the back of a customized trailer. I'm going to save over 35 years for a sailboat and retire in Puerto Rico. I'm going to use my free time time in creative endeavors.
@john smith pretty depressing for the people who want kids
@john smith you left out the "having a baby mama who..." list
@john smith
This is why you participate in their upbringing... and you instill life lessons.
There is land that obtainable, but you have to learn how to build your home. It's done. And still is done. But this living in the city crap is for the birds lol.
"Don't have children" is part of the narrative the elites want you to have. It's part of the "you'll have nothing and be happy". Having thriving community is known as social capital. They want you to believe it isn't necessary so they can hoard resources for their own large families.
@@exjehooberdubexpiobeezleeb6269
Yep. The stable family is how we fight these demon worshipping traitors.
One of the engineers in our office, small town midwest, can't earn enough to even consider buying a house. That's an ENGINEER, supposed to be one of the premier working class jobs in America.
Situation of engineers is way worse in my country. Its really frustrating to study for abut half a decade and then end up with peanuts.
engineer here with six figure working wife, same thing here in California where the jobs are. Louis makes it sound like this is just a low wage earner problem, it effects every wage level. We finally gave up and moved 1.25 hours away and begged our companies to switch us to 100% remote work. I liked coming into the office but the housing situation just makes it impossible near work. In my mid-40s' now and frankly I'm not willing to live in a 1 or 2 bedroom shared multifamily home just so I can go into an office. I'm also at the point I'm not driving 2.5 hours a day to come into an office. Build more offices in places that aren't ridiculously expensive or move more people to remote work status.
@@mikedodd9294 The situation is getting so dire I'm making plans to leave the US or at least live outside it for a while. We're very fortunate to be remote software engineers and at least have the option to geoarbitrage, though difficult as that may be. Cannot imagine what people making less than 40K must be thing through. I'm also in CA. Was going to buy a home in 2020, but that plan is off the table due to the price increases.
Engineer, small town Midwest, is probably making at least $60K.
A rough calculation shows with a $20K down payment, he should be able to afford a house with about $270K, and unless it's a resort area it's very likely there are houses there selling for less.
Look for something about forty years old, 1500sf or less, what used to be considered "starter homes."
@@mikedodd9294 If they built a remote office, housing there would ramp up accordingly.
Again, supply and demand.
It is upsetting they FED can print out a more then a few trillions of dollars to float Wall Street, but the second they start talking about areas that would help people they can't find the money.
They can find the money, it’s usually in the form of higher taxes
keeping people poor is what gives their money value... get it now?
@@pillcosby3949 More like better tax enforcement. Raising income tax is not going to do anything but put a bigger burden on the middle and poorer classes while the big Wall Street and Silicon Valley billionaires will still be scot free as their Tex free pipeline still exists. We need a top marginal capital gains tax, closed the carried interest loophole, and stop the billionaires from borrowing against their own stock
Brand new Lockheed contract? Funded in a second.
40,000 Americans dying each year from lack of health insurance? Search the couch cushions.
End the Fed.
You spoke what a lot of people are feeling yet are too scared, embarrassed and even just too depressed to admit to anyone because it does look very dismal for many Americans right now who were already struggling to climb the social economic scale. That's a great analogy with the 🥕 moving exponentially faster than what many people can keep up with.
Im a software engineer, had to get back on the job search for an extra $30k just to offset this damn inflation.
My raise was only going to be 3.5%, while inflation was higher so I’m taking the jump
EVEN software engineers are having a hard time. I can’t believe this country is turning into what it is
I hear ya. Apartments are fucking ridiculous now
The same here, Software engineer, raise was going to be 3%, had to look for another job to get a dignificant raise that could keep with inflation.
@@RolandoP yes i feel like companies need to keep up with inflation + 1-3% on top of that
@@heckinbasedandinkpilledoct7459 ya my buddies in chicago got a 1 bedroom for $2000/month. Its nice and very safe, but damn that’s too much
Nailed it. What's the point when _literally all_ of the gains go to the top?
Living paycheck to paycheck isn't a life. It's wage slavery.
I once heard someone say that wealth isn't generated through money, it's generated through the ability to create and produce goods and services that other people need. Money is just the way in which that wealth manifests in our current economic system. I think that's true. Most western countries have been getting rid of their production industries and shipped them to third world countries in favor of cheaper labor and less stringent laws for decades now. Meanwhile more and more people in western countries are trying to find ways of generating passive income so that they don't have to work (for example the FIRE philosophy) which means that less and less value actually gets generated within western nations. And i personally think the results are rather telling. Many of those third-world countries are rising up economically to the point where some of them even start to rival western nations, while western nations only seem to be getting weaker and weaker. I think we need to realize that money isn't enough to generate a strong and stable economy. If we want to preserve or position on the global market then we need to go back to actually producing the goods and services that we and the rest of the world rely on for our prosperity. Otherwise i think we're only going to keep slipping further and further down from the top.
Is also communism
@@ignacioanaya3403 Communism doesn't involve wages at all. Everything you hate isn't communism.
@@ashkebora7262 Um, yes it does. Soviet citizens got paid in money just like we did in the U.S.... just much shittier.
@@TheMohawkNinja OK so you think the Soviet Union operated on pure ... _communist_ ideologies? ... wow, you are extremely ignorant about both communism _and_ the Soviet Union.
The Soviet Union wasn't communist, by definition, by how they operated. They were not, by definition, socialist, either. They were exceedingly nationalistic, had ample _authority structures_ (so closer to communism without the community part) that decided where resources went, and still had companies _specifically NOT owned_ by the people, yet _still_ for menial wages.
They were anything but communist or socialist in actual existence and operation. You can call a cat a dog all day, but it's still not a dog.
No one operates on pure ideologies. That's why it's important to look at what works, and what's well received. The US has _tons_ of socialist programs. Which ones? The popular ones _actual working people_ don't want to get cut!! Like _social_ security, the interstate system, public libraries, fire departments, public education (as much as Republicans LOVE cutting its budget), etc...
Communism involves _abolishing the market_ in most cases, and socialism most often revolves around workers owning and operating their own workplace for egalitarian goals (or across the whole economy if you go crazy with it). So if you're going to unironically call either the USSR or China communist/socialist, you're simply demonstrating you don't know what communism or socialism are.
I agree completely, I'm really tired of hearing people saying "I don't understand why workers are so lazy, and not filling jobs." The blatant ignorance is astounding. I think it's from a point of view that lacks proper empathy because the folks speaking out of their ass like that don't remember or know what it's like to have a shitty job. Good video!
plus, back in the day when they had their shitty job, you could still purchase a home and have a family, even though it was stressful......with today's shitty jobs, that's not even a possibility
@@nweeezy yes! Even more to the point! Thank you
I've been saying the same thing for years. When asset prices run away from wages people lose interest in working at jobs. I've been telling a lot of small business owners that this affect will cause them to not be able to maintain employees and therefore not be able to grow their businesses.
Bruh, I made this whole carrot calculation 14 years ago when I was 17. I realized the carrot was moving faster than I was and I worked to save up for a gaming computer and big screen television and then I quit.
i like how now it costs $1000+ for a roach infested, poorly constructed 1 bedroom apartment in texas when just 3 years ago you can find the same thing for $600 😃
can confirm, am a Texan.
also, the only way to pay less than a fucking mortgage payment for rent is to have roommates.
It's actually cheaper to make payments on a house than to live alone in an apartment..... That is, if one could even get approved for a house.
Also, I run a fucking welding company. Banking $2k+ per week. And even I'm being turned down for a house.
From what I've heard, the rich folks are buying up all the houses in cash. Paying 20% above the market price, in order to seal the deal before any of us peasants can even look at a house.
@@criticaltexan2334 The funny thing is they don't even pay the cash, they just put in the offer as cash as a trick.
@@criticaltexan2334 Blackrock & multinational investment companies are buying up anything affordable in my area and converting it to 'luxury rentals' that cost 6k a month and sit vacant for years. Capitalism functioning as intended...
I remember my first apartment in Texas about 15 years ago was a very nice apartment for 500.
I joined the Marines at 17. Deployed to Afghan at 20 year old. Know many that lost limbs and one his life. Tried college. Sold guns at a big box operator for years, and worked wildand firefighting the last few years. Louis your videos are HUGE inspiration. Please continue to have your superb intuition of non bias ideals. or at least not letting it get into your opinions. you are a rare bread that i consistently look to
Thanks for joining and doing something I will never in my life have the balls to do.
@@rossmanngroup why would you want to be a soldier for the elite that are destroying America right now? That doesn’t make sense.
Here’s that attention you were seeking: 🥳🥳🥳🥳
@@millll111lllI sad little man
@@hasanmousa4235 unfortunately defending country is still their job even if you are right
I just want to finish my degree and save up just enough to live in a van. I don't care about participating in regular society.
I totally get this! But even cars and tiny houses are getting very expensive. I hope you get to achieve this.
It's concerning on multiple levels.
Housing prices are increasing... but not wages. I'm worried what will happen in a few years time when wages are still stagnant, and a larger portion of salaries are being used to pay down a larger mortgage.
Where will the economic growth come from if we're spending more on houses? And not even new builds - just houses changing hands.
Also another thing to be concerned about is running out of space to build houses. I think part of the deal is that more people want houses than houses are available, so in a supply-demand economy, housing prices adjust towards only those that can pay more get one. There is also the issue with foreigners buying houses and not living in them, which reduces the amount of available homes for people who want to actually live in the area.
@@askmitch Should cut that shit of foreign houses out. Or severely limit them. If your a foreignner you should not be able to buy more then 1 property without the intention of staying some time in it.
Fuck the "summer home" mentality. The properties don't exist for you to sit on them for years just to hold liquid assets
@@askmitch There are a shit ton of ghost towns, we are not running out of property, not buy a long shot. these massive firms are churning out "Luxury" homes by the dozens the problem is exactly in that last statement.
Every home is a "Luxury" and the price come along with it.
My own hometown is large and barren. for ever 2 homes 1 is abandoned. Its either a decrepit husk or has been "For sale" as for as long as I have been alive. And it does not help that we lose people more and more
@@BlueBD there is definitely something to say about the amount of people moving out of towns and small cities for the bigger medium or large cities. I live in a medium city in Ontario, and we have tens to hundreds of thousands of people moving here because Toronto is too expensive. Our city is expanding the borders, turning farms into suburbs, and trying to find every empty plot of land to try to build houses.
TBH i am more concerned about the prices of EVERYTHING else skyrocketing. If i rent for the rest of my life its dissapointing and sucks but whatever cant take the house with you when you die. The scary thing is its getting to a point where its gonna be hard to afford food and most basic necessities. A price of a burger king meal almost doubled in my area in one year...
When I was a kid my father worked in a factory. He was married, 3 children, had a house, and incredibly, some money in the bank. We ate wholesome food, had decent clothes, and were treated to a movie every month. And we were barely above the poverty level of the time....
Cant do that anymore without an expensive college degree...
Isn’t government money printing great?
Thanx Boomers, look what u left the next the generations with your selfishness
WTF HOWWWWWW. I can’t even process that….
Yeah but... Netflix.
Netflix; hold my beer.
If our culture realizes that the hamster wheel is too fast for anyone except those who control the hamster wheel, we'll be one step closer to the "old days" where multiuse buildings and small businesses build local dreams. That's what countries SHOULD be built on; instead it's built on international zombified companies feigning success because muh stonk price?
Let's do the right thing because it's clear the people who are supposed to help us WON'T! It's in their best interest to help each other fail upwards.
It's time to control the hamster wheel!
Well said.
@@ShaferHart Honestly a bad take but I get your point. Our generation(gen z/millennial) was misinformed by the previous generation to such a gross degree it was simply negligent. Young people aren't told to think for themselves any more, they form an opinion based on the information they are able to obtain and if that information is false then they have to step back and reformulate a more accurate opinion.
Your changes would only work when allied with nationalists and traditionalists. Changes to the economy isn't enough when the rot in the government is extremely deep.
@@ShaferHart "we" never had any power to begin because of said boomers, who still run things to begin with. it's 100% on them.
@@ShaferHart True dat. I definitely see one part of this upcoming generation being more eco-conscious jerks that feel like doing the "right thing" because they feel the need to "stick it" to everyone that ruined their lives. There's another side that is just unaware of what has broken the system and they'll just be manipulated by wolves in sheep's clothing taking office next time round to be angry for no good reason. The internet has been less and less forgiving to those in power, but eventually it'll go underground for a certain group of users once again and everyone will be clueless about why the internet isn't "what it used to be". I remember what the internet was like in the '90s and that day may come for some, but many will be stuck with the sanitized boring internet that is 99% censored unless you know where to go for the "real info". What used to be a collaborative space like Wikipedia is now an excuse for political foes to filling mud at each other making real good info impossible to find while the corpos take it to the bank.
That culture clash is gonna be ugly and I'll just sit back eating popcorn watching it all go in flames. 🍿
I’ve worked my face off and owned nothing for a decade of working. I finally purchased a condo and my expenses are immediately increasing because the old people in charge have too much time and money on their hands. They’re looking to spend mine for their vanity that they neglected for 20 years while they were in my shoes. “Kick the can for me! You pay!”
"Lying Flat" from China comes to mind. Obviously the want the whole world to operate on the Squid Games model. Moderne Gladiator Games.
This is why I bought a cheap farm in the middle of nowhere and said screw it. I'll just grow my own carrots.
@asdfasdf Rural property taxes are cheap. You are paying 1/10th the property tax for 100 times the land. There are plenty of people who straight up don't work at all that own their own homes in rural areas and still manage to pay the taxes. And there's still plenty of places to buy groceries.
Almost literally living the Minecraft lyfe... I'm almost jealous, if not for the fact that utilities are going to be either absolute garbage, or absolutely expensive to have. But that is a fair tradeoff in comparison to being in the midst of a neverending rat race that's just as bad as squid game.
how much, and more importantly, where can you find places/websites to see cheap farms in the middle of nowhere? Call me Lenny, but I'd rather live off the fat a the lan'
Same, I get property tax, lumber tax, and tax on my mineral rights🤬
@asdfasdf I have an hourly job an hour away so I can work here and there to make ends meet before I can produce enough to sustain myself. I have some friendly folks in the village that can help me if needed. (I'm not all alone)
Remember people “In 2030 you’ll own nothing and be happy”
#FJB #FKH
Wait for the 22 midterms. Put on your sunglasses, it's going to get VERY red around here 😂 thank God for that
@@HeWhoIsWhoHeIs vote harder!
And your phones will be glued shut, not even a blowtorch can open it. lol
@@HeWhoIsWhoHeIs Why? Repubs are for tax cuts on the rich and ending socialism for the poor (cutting social security and medicaid, medicare benefits).
This isn't just a problem in the US. Its a problem in every modernised economy that creates housing speciation.
Sydney houses median price is $1.3mAU so around $1mUS. Average wage is 70k in Sydney. You do the maths!
Canada as well.
Yea that's insane
Housing can not be affordable and an investment or it will always lead to this
I think same or worse in Auckland< Nz. I always ask myself how it came to be when I drive around and see some old 'bungalows' and think, 'so that's a million dollar?"
So
You think that all the people who have extra money just invest in 3rd world countries and live there
And buy up the houses and create property contracts such as when rent is paid 150% or 200% of the worth of the house then they own it
Then it can be bought back by the business later if the person wants to move
It sounds more sustainable
The way I see it, everyone is priced out of their own areas range for affordable housing.
Yup, same in Europe. The main thing is that salaries don't grow... Only everything else. I feel bad for my kids. There is no way that all this non-sense won't crash one day and there are millions of suckers telling that this bubble will just grow
Yes, but this bubble is the only thing that can get millennials ahead nowadays, or get eaten by inflation and negative interest. 😆
@@Lionhead2128 Probably true statement.
At least there is something I learned from the stock market... What goes up, will go down. What goes up tremendously... Will crash rock bottom
I refuse to have kids until I am financially secure. I refuse to have a situation where i have to look at my kids and say "We can't afford it" i rather be childless
@@dericmederos1514 Who would say that there will be "hyper" inflation 7 yrs ago when we had our first kid? No one knew anything about epidemic stuff. But we went forward to it by outsourcing everything to china etc.
Anyway, you did it? You have to deal with that. That's my point. I will take care of them no matter what...
People have been stealing from future generations (by way of inflating house-prices) for quite a few years now. Those already on the property ladder are doing very nicely but young people yet to achieve that first step may now never reach "property owner" status and thus be forever disadvantaged.
Prices in my area are shooting higher and higher because there are fewer places to live than people trying to find a place to live. We are the point that there are 4 homes for 5 families looking for them. Some have said that we just need to build more places to live, but we don't have enough room for as many as we need now and people are filing lawsuits to block apartment building from being built. They only want single family house in their area. People are so short sighted that they haven't figured out that their kids will have no choice but move out of the state just so they can live somewhere other than their parents basement.
@Swim Fan In terms of varied sources of income and dollar amounts, they aren't wrong. But what you can buy with that money? Jack and maybe a little shit if you feel like living it up.
@Swim Fan There's never been so many opportunities, but most jobs never paid so fuckin bad, especially the heavy kind.
The problem is the majority don't know why things are the way they are...and so they keep pushing for many of the things that would further worsen conditions.
The Fed/Gov is stealing from them year by year through inflation...they spit out manipulated CPI numbers and say, "see, we only had .1% inflation for the whole year". When we SHOULD have deflation. But they pump so much dumb money through low rates and monetizing of debt that they cancel out any good deflation that should take place.
Quite a few decades now, you mean.
I was lucky to get in before prices jumped again after the 2007 house crash. While I don't feel I overpaid, I definitely didn't get an amazing deal then.
My home is worth about double what I paid. My salary is up probably 25%, but this is mostly all merit, not inflation adjusted. Merit is at least keeping up with normal inflation, but definitely not home values..
I get at least 5-10 calls a week from different annoying people, with the same script, wanting to buy my home. I don't even try to be polite anymore, and simply hang up on them when I hear "I'm calling about your property on X". They're not worth my time to get angry about.
I've been blackpilled about work and money for a long time. It's been circling the drain for a long time, but for some reason everybody seems to think it's too big to flush. It's not.
It blows my mind that homes even have this value.
Imagine buying a classic car, built in 1950, and the condition is still decent, someone re painted it and put new windows and air conditioning and generally took care of it, it had 5 different families that occupied it, 4 people died in the house, probably a dozen people did the sex in the house, people smoked cigarettes in the house, and the whole time, it still has the same general walls, skeleton, and foundation.
I just basically summarized my house and it went from $150k in 2001 (when I moved in) to $650k last year. Well, to be real, that was from a search on Zillow. Which makes sense after seeing Louis's video on Zillow
my understanding is that the physical building is a depreciating asset (that requires constant maintenance and upkeep); it's the land the house is on that has value
I don't like to complain, because I make a lot of money as a software engineer. But even as a senior engineer, house prices in Seattle are going up faster than my salary goes up (150k to 200k a year in some places). Getting married, buying a home, and planning for kids is something my fiance and I have been building towards. But every month it seems like we slide further and further behind that goal. I can't move to a cheaper state, cause I likely would take a cost of living pay cut combined with an income tax increase. So, it's a wash. Thank you Louis for saying something I've been trying to tell the people around me forever, but it never seems to sink in.
Seems to me if you have no faith that hosing costs will fall in price, and you cannot move out of Seattle, then you might consider simply buying whatever property you can afford which would be profitable to use as a rental unit, thus making you a landlord.
You will be part of the bubble but you also get to rise with the tide.
Full disclosure, I've never even been to the USA. Do however own property in the UK.
Move to a state with no income tax. It is almost guarenteed to cancel out the pay cut
@@bat353 There is no income tax in WA state.
@@bat353 And what? Grow beets and sell at a roadside stand?
Come up north to Bellingham and drive up the prices for us here! Like all the other refugees from Seattle. Seriously this is trickle down poverty
I'm currently pulling down a salary I used to think was "Rich People" kind of pay. What many would still consider an absurd amount of cash. But finding a house that isn't A: 1 hour 30 minutes one way from my job or B: a complete rebuild is proving increasingly impossible.
I could only imagine the despair of people not pulling down my salary. Its a sick joke.
That feeling when you finally realize you're on the path to becoming a millionaire but being a millionaire doesn't actually mean much anymore. I figured I'd understand that meme closer to my 50s/60s.. not in the 2020s
Yeah....relatable. Relatable as fuck.
Yep, I fully expect to live with my parents for a good amount of years because the only affordable housing near me is about an hour and some change away from my job
I feel your pain brother. Checked all those boxes, did well in school, got an engineering degree, paid off all student loan debt, got raises/promotions. Ready to take the next step into home ownership and basically slapped in the face with housing prices basically doubling over a few months.
@@JamesJamersonIsAGod Goes back to Louis' argument: How do you not want to put your middle fingers up at everything when literally all you've done your entire life is "the right thing" and your reward is..... another apartment to rent?
This was my exact thought process this year when I first entered the house buying process.
I worked as an engineer, and even with a decent salary, I was effectively priced out of most markets in my area. So instead of fomo buying into this market, I decided I would rather take a gamble on my education and try to pursue dental school. Sure, it may not be the wisest financial choice, but at least I won’t have to be miserable trying to compete in whatever this American dream is now.
Hahahahah same here, was a GE and looking to hear back on December 1st, good luck man!
There's so many working homeless now. Working doesn't seem to help get them out of the quicksand.
Better yet.... Yellen suggesting taxing the carrots that we may chase in the future... Even if we never actually catch them.
Taxing the carrots that her buddy Jerome is making the prices of, go higher via inflation. Genius.
What on earth are you talking about? Unrealized gains? Do you really think privileging passive income over earned income in the tax code is shrinking wealth inequality, not accelerating it?
@@someguy6075 What are YOU talking about?
@@life_of_riley88 What part isn't clear?
@@someguy6075 Read my first comment. It's all a big game. One player positions for the other. Stop fighting over the scraps and look to see who is at the table.
Scotty Kilmer had been saying for the past few months that it’s not a good time to buy a car, given how high the prices are at the moment. However over the past few weeks, he’s been saying that if you’re gonna need a new car anytime soon, especially a new car, buy it now while you still can, because it’s about to get much worse, before it gets even worse.
God bless Scotty
Scotty Kilmer also uses compression fittings on brake lines.
lol havent watched scotty in a while
I spent so many years of my life taking bicycles, walks and buses, that even now I still feel like driving is a luxury. If my car breaks and I can't find parts for it, or they're price gouging me, I have no problem going back to what I already spent most of my life doing. Only difference is, if we're in a Venezuela-type situation by then, I'll also have armor and weapons. If it's really serious, I might be in full kit.
I don't like seeing my country burn to the ground, but I saw this coming years ago. All this time has just been me preparing. I knew it was coming. Very rarely did I think we could recover this country. 2019, I though Trump was actually going to turn us around. Nope. The Bilderberg Group doesn't want that.
We're not getting better. This empire is collapsing. You had years to prepare. Years of signs. Shrinkflation as far back as 2014. Protests back in 2009, showing the anger about the lagging wages and widening wealth gap. We were warned many many times.
I bought a brand new Mitsubishi Mirage manual three months ago for $13K. It was worth every red cent. 46 MPG baby!
I've been worried for awhile about this getting worse. I'm worried that this "black pill" effect is only the beginning of something much, MUCH darker on the horizon. The way I see it, we need fundamental change in how our economy and society work. Too many people would gaslight that into meaning "no more capitalism" when the truth is we don't HAVE capitalism anymore, we have an oligarchy.
What i'm worried about most, is that people will get sick of trying to do it through government reform and will decide that if our society refuses to address a very real problem that they'll decide, instead, to simply burn it all to the ground in a rage. It scares me because, quite frankly, I get why people would start feeling that way.
I was raised in rural MO and rents there aren't much lower than the $1000/month i was spending in a place like Denver, CO. A studio apartment I rented for $600/month in Orlando in 2011 is now going for $1600/month and I can tell you its not high enough quality to be worth that amount of money.
As i've been looking around here in Texas the problem has become a little more clear as the apartments in the city i'm currently in (of roughly 100,000 people) are nearly entirely operated by one property management company. I've never even seen an apartment complex that wasn't a part of some Wall St. asshole's portfolio. I also watched those same types abuse property tax laws in Florida to drive people out of their homes in a foreclosure to sweep up the property without even paying the owners market value for their home.
I just lost the best job i've ever had this year because I couldn't keep up with the labor demand after the stroke I had last year, which has only highlighted how much pushing myself to earn more money so I could actually see a doctor has become a negative feedback loop that has, ironically, only made my health exponentially worse. I don't say this for sympathy, I say it because I know i'm not a special circumstance either, LOTS of American's are dealing with the same circumstances as me and i'm genuinely worried that if we don't do something soon people are gonna stop paying money to chase the carrot and start spending it finding ways to burn down the entire farm.
Great post! Keep your head up, man! In my mid 40s, I never dreamed things would be this oppressive in America. It's like, you can work a good job 24/7 and still be on the verge of financial ruin your entire life. The price of everything is going vertical. That's no way to live and I think people are waking up to it. Humans deserve better.
I agree with everything here except for one thing: this absolutely is capitalism, and capitalism begets oligarchy. Let's take the prime example that people consider for capitalism: America in the 1960's-70's. In 1960, the top marginal tax rate in the US was 91 PERCENT. In 1970, that fell to 70%, and today, it's 37%. In 1960, you had to work for 79 hours at minimum wage just to cover the cost of rent every month. In 1970, that fell slightly to 78 hours, and in 2019 at minimum wage (let's assume $10 bc that's pretty similar across states), you'd have to work for 109 hours, and it's probably higher today.
The long and the short of this is that the 1960's and 70's subsidized the working class with higher marginal tax rates on wealthy individuals. Today, there's virtually no subsidization. This was socialist policy from the most stereotypically "capitalist" time period in American history. Next, let's compare today with America in the 1880's-90's. This was a time of Laissez-faire capitalism in America when there were nearly no labor laws at all, there was no minimum wage, etc., just good old free-market capitalism. This time period had such high levels of economic inequality and such high levels of exploitation in the workforce that it was deemed the "gilded age" because even though there were lots of millionaires (who would be multibillionaires with today's money), they built their wealth by exploiting, starving, and basically everything short of enslaving their workers. The people barely had enough to survive, much less accumulate wealth, and they often worked over a hundred hours per week. This is what capitalism looks like. This is what we're headed towards.
So what changed between 1880's America and 1960's America? Two things: 1. Is incredibly strong labor movements and sentiment fueled by socialist ideology and 2. is subsidization of working class families who fought in WW2 through the GI bill. However, those GI subsidies only went to white veterans, not black or brown veterans because they were pretty racist back then. However, today, we don't have another world war, and even if we did, why do you think the government would ever use the GI bill or anything like it to subsidize the working class again? We already treat our veterans horribly - there are literally thousands of diabled homeless veterans that we've discarded. What's to stop the government from neglecting us too?
That leaves only one option for the future of the working class: socialist policy and labor movements. Maybe you don't agree with socialism on ideological grounds, and that's fine, but at the very least, the most effective method of helping the working class today is support for unionization and striking workers. A strong labor movement where everyone bands together to stick it to the corporate oligarchs is the only way that the working class will have a chance at building a better future for ourselves and for future generations.
@@sweetcornwhiskey In my own opinion, the debate of Socialism vs Capitalism is completely outdated. Socialism has become such an abused term that doesn't really have any one consistent definition. Now its defined independently by every person you speak to. I would say the issue is UNREGULATED Capitalism. Back in the 50's and 60's it was also considered common sense that the market needed SOME form of regulation, even if we could debate on what form it took. Then, as you pointed out, some (what I call anyway) Economic Anarchists destroyed it all and began ripping out regulations without a thought for their purpose. For a quick example, Stock Buybacks used to be banned because of the bubbles they created, now they're legal and its causing stock bubbles to form all over again.
But more to my point, many people would call establishing a UBI Socialist, but in my view, its just the beginning of Capitalism 2.0. To use gaming terms, we've learned a lot about the system over the last 100 years and its time to put a sort-of 2.0 patch to it to update it for what we've learned. I usually do everything I can to try and see both sides of an issue, and doing so has taught me that the Socialism vs Capitalism dichotomy is woefully out of date if it ever really applied at all. A lot of things people try to argue with Socialism could also be proposed from an economic standpoint. Medicare-for-all would not only save companies money in the long run, but would also relieve them of a responsibility that I don't think they should've had in the first place. If we have a system like that cover medical expenses, there are ton of subsequent effects such as a lowering the cost of worker's comp insurance, if it even continues to be necessary for businesses at all (since the majority of its spending easily goes to covering those medical expenses in an accident).
I've also heard some ideas that don't necessarily fall into either category. An old co-worker of mine proposed a mandatory profit share law, what we worked out was taking 10% of profits each month and dividing it up equally. There are a lot of details to work out in that, but the core concept could take a job from barely getting someone by to being a VERY lucrative job to have. Not to mention how it would incentivize AND reward productivity, but again there's a lot of details that would need worked out also.
@@0Cruik0 That's very fair and reasonable opinion. I just choose to go off of the old economic theory definitions of socialism and capitalism, where capitalism is complete control over industry and complete ownership of profits by the owners of capital, and socialism is democratic control over industry/the workplace by either the employees or the electorate coupled with decommodification of necessary resources.
Obviously, every society is going to have some components of each ideology, and it seems like you'd define capitalism to include enough socialist policy that I'd call it borderline socialism, so we seem to be on the same page here.
@@0Cruik0 The issue is that in the US, people have no idea what socialism is. It's just a boogeyman left over from cold war propaganda.
I turned to my partner the other day and said "We're 30 years old with two kids, I'm the only one with a job right now, I've given up on the idea of ever owning our own house".
"You'll own nothing and you will be happy."
Serfdom is back, baby!
Live in pods and eat bugs.
Funny thing, serfs had more leisure time than we do.
@@mylesdavis135 Yeah, what were those barons thinking? They could've earned SO much more! Truly, society has advanced. /s
@@krel7160 They should have been pulling themselves up by their bootstraps, work 80 hours a week enriching their liege for a few extra scraps. What has society become, serfs thinking they deserve time off... Such entitlement, such laziness /s
@@alanramone4263 we already live in the pods and eat bugs, and by God do we all feel it
Unpopular anti-capitalist opinion: I think legislation should be passed on curbing foreign investments in our residential real estate markets.
I’m a capitalist and I agree with you
100% if your aren’t a citizen you can’t buy
Absolutely! Imagine if any house that isn't the owner's primary residency had a 20% yearly tax placed on it, in addition to existing property taxes. Just imagine how quickly Blackrock and the Chinese would be scrambling to sell off their "investments" that are now a dire financial anchor around their necks!
Houses should be homes, not an alternative stock portfolio!
I think that would be useful for all industries outside USA. Why should they be slaves to foreign capital, only leads to pain and exploitation.
Capitalism is only good when it is explicitly restricted to how it serves the people who founded the nation practicing it.
All Louis' videos: hits the nail on the head and explains it to us perfectly the same way 6 times in a row.
This is the thing: inflation ultimately only benefits those that are closest to the printing press.
So if the government gave everyone $100,000 everyone benefits. But if it gives the _banks_ $5 trillion then guess who the primary beneficiary is?
The only hope of playing this as a little guy is to either get organised and fight for your rights (because that's likely to happen) or buy shares and hope for the best.
Inflation actually helps people with fucktons of fixed interest debt too. It helps debtors and asset holders, those saving cash itself are getting screwed.
@@harrychufan Absolutely. Bail out the polifigate (the bigger the corporate debt the better) and the lenders that lent them the money. And tax the productive parts of the economy to pay for it.
Giving everyone 100k would also rack inflation up massively lol. You're increasing the demand for goods and services without increasing supply.
@@jammydodger1449 Both would ultimately lead to inflation but giving it to the banks first would give them the advantage of being able to spend the freshly printed _before_ the effects of that money printing operation took effect in the wider market. In effect they could spend it and buy at today's prices with tomorrow's (inflated) dollars; the value of that new money accruing to them and *not* the citizens, who are the losers in this.
@@loc4725 100% agree.
Same here in the EU. I'm trying to save for real estate and I'm running after a bus slowly pulling away.
5 years ago I was 10 years away and now I'm still 10 years away, despite getting paid nearly 50% more than 5 yeas ago.
I can't fill the gap with a loan and even if I would go for it, I would have to worry about unforeseen things ruining it all, for the next 10-20 years.
This completely defeats the purpose of the quality-of-life increase, e.g. having a house with a garden.
I'm with you. Do to life circumstances I had to sell my house that had a $1,200 payment in 2019 and rent. Now here I am making decent money but houses have gone up $200k. To own, my payment would be $2,500 + 500 utilities OR 60% of my take home pay from my $75k a year job.
As a young single guy looking to buy a house, even with a good paying job, I'm scared shitless about what the heck the housing market is going to do.
This, even if you have the means to get in you don't want to because the housing market is so overinflated.
Well there is a worse housing market bubble than a decade ago. When it pops the prices will drop massively.
I'm in the same boat.
Got a good salary as a programmer in Romania, with a salary about 3x the average but cannot buy a house.
Housing market sucks so bad.
Can't wait for this stupid bubble to burst.
Same. Just keep saving and wait/hope for the crash.
@@brokenhalo22 the prices of absolutely everything are inflating right now. I don't know if we are gonna be able to bring that inflation back down. If we can't, the inflated housing costs aren't going anywhere and waiting to buy is just inflating savings away. The house I bought 6 months ago for 399k is now worth 480k. That is a great yearly salary increase in just a year. I work as a development Engineer at a cycling company, and we have seen our quotes from manufacturers increase like crazy. Products that would have been profitable at an msrp of $100 now need to sell for $130 to be profitable. I hope things come down, but the fact that currency inflating just helps those with power at the top doesn't have me super hopeful.
The first few years after college, my income effectively was zero after paying for the rent, commuting costs, taxes, and other business related expenses. Some jobs I took effectively were negative income positions that reduced my overall wealth and health because the cost to even come to work didn't cover the basic expenses I had to incur accepting the position. There are tons of jobs that actually degrade the individual and their life without breaking even in terms of maintaining the personnel for a position, and many are in the service industry such as all those minimum wage jobs at fast food restaurants.
Here in brazil is the same, the average month salary is 385 dollars month and a average price for a house with 100m2 is 157,800. Its impossible for new generation own a home with no 20 years loan!
Why am I not working? I can work full time and still not make rent before any other expenses. Why the hell would I work? So I can slave away to pay some landlord everything I make and still come up short? No. Instead I'm going to remain jobless, freeze my loan repayments, and work on following my passion on my own time in a crappy basement room. One year later I'm in the same position anyways. Maybe this way I can double my salary next year and make it all back anyways.
We must ALL lie down until our serious demands are met. The question is what are our values, what is wrong with the system, and what can we do to fix this system? Simplifying responsibility of the govt is a great abstraction, but how it's simplified depends on our values first and foremost.
That conversation needs to involve a lot of people and it will take time, but it'll be worth it!
Honestly Louis, as an IT worker in a city, I can't even afford a one bedroom apartment working full time. I've essentially given up on having any hope of a future. The goalpost keeps moving further away and I can't keep up.
There is your problem. In the city. You gotta move.
@@victormendoza3295 The problem is even he moves out the city and get a job in that town is his pay will go down and probably won't be better off much than where he is at now. This is why people want to wok from home because you can take that pay and move to a cheaper location. That is what happened but no companies are cutting their pay and now people leaving to do something else.
@@victormendoza3295 No. Wrong. I did what society told me to do. Got into a decent field, work 40 hours + a week. I should NOT have to do more in order to be able to afford rent. This situation is a failing on society, not me. None of us should have to do that. I call BS
@@victormendoza3295 if someone is living paycheck to paycheck "just move" is a tone deaf nothingburger of a solution.
I understand what you are saying and feel bad for ya, but... Hang in there. You must realize that economic history is full of booms and busts. So, you must be patient and wait for the opportunity... it will come. The last bust (06-09) happened because peoples' wages couldn't keep pace with the price of houses. Does that not sound familiar to you now?
I want to live in a van, the monthly note can be our rent/mortgage. The insurance can be the utility bill. The Gym can be my restrooms.
A 3 day work week is my dream.
Ive been a food service worker for the majority of my adulthood, about 7 years, and I'm trying to find housing in Cincinnati and it's proving rather difficult to find something good and affordable. I'm currently working 2 jobs just to try to get into a place and im just flying by the wheel hoping my income is enough if I'm able to get into a place. This system is not designed for anyone other than elites
No not Ohio house prices go up, we were the most affordable of all 50 states with property prices all over and $200,000 was a nice luxurious 4bd 2+ba house...
"You will own nothing and you will be happy." It's what they want. Eventually, companies will start to provide housing and we all know where that path leads.
Your neighborhood: Brought to you by Pfizer
Every day we move closer to serfdom
They already do, for foreign workers. I know my local grocery store owns a dorm, but they keep it hush hush.
My family foreclosed in 2010 (I had just graduated high school) and we got stuck in a rent sink hole for ten years, got evicted this year, FINALLY bought a house and now my parents are both on temporary disability and probably won’t be able to afford the mortgage even though we’ve got 3-4 sources of income barely keeping this shitbus running.
Thanks but no thanks, I think I’ll just live in my van.
Find a nice river to live down by!
And get used to a diet containing government cheese.
Hey, if you don't have a house, that's property tax you don't have to pay! Although a kitchen and a bathroom sure would be nice..
@@Jerald_Fitzjerald gotta make it work with public toilets and sponge baths...
@@MurakamiTenshi planet fitness for showers, black card membership for out of state travel. I use the gym anyway, so win-win for me.
I’ve been at my job as a machinist for almost a year, started at $15/h and over time got bumped up to $21. I would say I’ve been pretty lucky compared to a lot of people and even then I’m falling into the same despair your describing, seems like we have some pretty rough times ahead
21 for a machinist? My dad made over 30$ 25 years ago. Jesus Christ, we're fucked.
@Lesbian Mustard Bottle I would say I’ve earned it, Started as a button pusher sitting at the same machine everyday and now I can run pretty much any machine in the shop and write/edit programs for parts so now I get put on our new jobs or complicated setups and usually run/manage 2 or 3 machines in a day
what country are you in?
@Lesbian Mustard Bottle I think he definitely earned it, he obviously put in the time and effort to learn how to do his job optimally and clearly he works for a company that sees the value in that kind of commitment. That’s the way things SHOULD be, don’t devalue what he’s accomplished just because it’s not the way most things are. We should all be happy for him and encouraging other companies to put the same investment into hard working employees!
@@adamfreeman218 did your company have a bunch of people leave and decided you alone could replace at least 2-3 of them so no need to hire replacements?
Shouldn’t we all just become carpenters and start building our own houses?
Not possible, you need to own the land. Then, you need to apply and be approved for a building permit, even if you build on your buddies property out of town somewhere and his local municipality finds out. Fail to do this, they can and will show up with bulldozers and take it down. If you somehow get away and manage to build it and remain unnoticed, you'd have no water, no power, no gas, no electricity.
On top of this, I also think it's just outright illegal almost everywhere now to simply "live on the land".
And add land speculation atop that...
The issue has never been with the houses themselves but the land. However I do think more people having carpentry skills would help.
"You will own nothing, and you will be happy"
they just need to make sure no one owns anything first.
You will own nothing and start a revolution.
@@seetheious9879 Lmao, what revolution? Burn everything to the ground then cry when it's all gone and people are living knee deep in shit while trying to google "How to have a functioning toilet without the threat of cholera?" People don't know HOW to revolt, they only know how to destroy and once they've done that all the people who COULD rebuild are either dead or have fled the country.
@@chasesmith5123 amazing this has not already started
Spot on. In Holland/netherlands house prices have doubled in 2-3 years. As a millennial who was looking for a house I am currently so depressed. My future is bleak. Will never own a home and by proxy will likely never be able to even start a family. Dutch gov. is sleepwalking whilst boomers / millionaires get filthy rich. This is going to create a demographic cliff over 10-20 years. Life has become unaffordable for an entire generation.
it wont last for ever. maybe way less than anyone thinks. This housing thing has been going on for a decade, now its just going parabolic, the top is coming close I think
@@xilw3r At the current price level increases we need a ~50% market crash to get back to somewhat "normal", since most peoples wages maybe increase 3-5% max per year. I do not see that happening anytime soon*. The FED & central banks have lost all legitimacy - at any sign of a market correction they flood the market with more cash. Personally going to check out of society if this continues for another 2 years.
Multiple generations. Gen X got the beginning waves of the mess the Boomers are leaving us, us Millennials are getting smacked full-force, Gen Z will more likely end up with the remains...Fucking Boomers...Given everything, leaving nothing, and still will try to be a parasite throughout...
@@pjludda4323 True - this will be a multi-decade train wreck by the looks of things.
@@chasesmith5123 Yep and the NeoConartist's MEI companies...Practically turning something that's meant for defense into DRASTICALLY underpaid security guards. Imagine, taking all the flack and risking your life for BARELY 10k a year while you have these people making 100k+, tax-free...Yeah...Blackpilled the fuck out of me during my 1st deployment...
I was going through this problem in NY for a long time until I finally decided to relocate. Relocating is key. I know most people don’t want to because of family, friends or other forms of comfort. But then those become the very things that keep you on the mouse wheel. Get out of cities and find a place with a cheaper cost of living. You’ll see that it was the right choice later on. I always say I didn’t leave NYC. NYC left me. Good luck everyone. Don’t give up! Just re-evaluate.
This will black pill us? We have been black pilled. I was trying to get out from under other people before the pandemic. I was a maintenance supervisor for FPI property management, very unsafe work environment, all the sick tricks, yearly reviews, no training, purposely understaffed, forced to do anything and everything here in with no extra pay no bonus, they cheat you on gas money. I was maintaining 5 properties alone, my home base had 231 units alone.
So I was getting tired of trusting "anyone" any more so I attempted to start my own business so I can work alone, but just before I was ready to leave I was run over by a dumpster, broke my foot at the beginning of the pandemic. I was made to move 4 broken 4 yard compactor dumpsters by hand up and down hill. No equipment just man power they ignored all of my request for equipment. They just repeat " find a solution" until I caved and moved them myself because I had no choice, it was either muscle them or fill the building with trash.
Then the company tried to put me back to work with a broken foot threatening my job if I didn't. They lied on the medical claims saying that I drink, I haven't had a drink for 10 years. I wasn't allowed to get the correction made because you know I don't matter, just the privileged do. I quit, so I could recover at home in peace. I hate capitalist and capitalism with a passion, been taken advantage of far too many times. I still have to function in a capitalist system though because its not like I have a choice. I have no problem telling the boss no, and I have no problem calling them out on their BS. They threatened me for refusing to be stretched thin, I would hand over my keys and tell them there are 5 commercial size industrial gas water heaters upstairs about to explode good luck with that. I never got fired and I was able to fight my way to 22 dollars a hour after having to prove to them that they were paying me less than they promised per their own website.
Every step of the way, every employer, having to fight for everything, always expendable, always taken advantage of, always treated like crap. Black pilled since been black pilled. Its not just the housing market that black pills people. Its every part of America form justice to economics. Have you ever needed to call the police on the police? That will black pill you for sure.
This isn't even just a phenomena in the west. Even in China there is a movement of young people giving up on working, relationships and life. There are various names like the "Laying flat" movement or having a "Buddha like" mentality. This problem is worldwide.
"A strange game, the only winning move is not to play"
@@thewingedpotato6463 WOPR wisdom.
It’s because they have no woman to be with mostly. There are too many men for a fraction of available women who have outrageous standards. I don’t blame men who cannot get anything for watching the world burn instead of fooling themselves into believing they had a chance in this world to begin with.
@@GGWP-nx3kn It's also a problem in Japan (satori generation) and S Korea (sampo generation).
In Japan several years ago there was a mainstream documentary about the trend in what translates in english to "herbivore men", which corresponds to what you're saying... young men giving up on work and relationships due to the current socioeconomic conditions of their country. The suicide rate in Japan is also quite high. Depressing to think that the trend is global.
I definitely feel this one. I make more money now than I've ever made in my life, and at the same time I've never been further away from owning a home. I think every day about just saying "fuck it" and just throwing in the towel, because I can never actually make it.
I hope there are a ton more people like you
@@StarboyXL9 There are. I'm a silicone valley engineer, 33 years old. Born and raised here, and I make good money. There is *no way* I can afford a home. I'm tired, frustrated, and just plain done with it. Quit my job, just gonna do some other things for a while. I worked so hard to get somewhere (no college degree) and it just gets further and further away every month.
Sometimes we just have to adjust our goals in life. Some things just aren't possible but you may discover that your dream can still be achieved, it just may look a little different than you envisioned.
@@gadflyofhumanity_6847 Yeah you say that, but I spent 10 years in trades, learning, but not earning. So I'm not better off than anyone else. Also, being 33 makes me an old millennial, not a Boomer, my dad, at 75 is a Boomer.
Alot of companies don't wanna give a raise ever. You can out work every person in that building but ask for a raise and they act like its impossible. Well.. Ok... Its impossible for me to continue my productivity levels.
Honestly I wish I had the freedom to be a part of all this. Unfortunately, growing up in an abusive home, my only option was to strike out on my own and start working.
Without a degree, and only really having experience in call centers, I feel like I lack the education and skill set to do anything but.. Stay where I am.
Watching housing prices and all go up makes me feel like I'm drowning. I fear I'll never be secure. I'd really love to work in hardware repair, using my hands like you do, but there's no place that will hire at my experience level for a wage that works it.
Being a senior customer service drone get me health insurance, and I unfortunately have issues that require such.
I don't think I'll ever own a home, and I don't think I'll ever be able to get into a job that's secure and I actually want to do.
Even as someone in a "good" position I'm exhausted. I want freedom, I want to feel less like I'm drowning
Maybe buy some cheap land or join a off grid community
One Word- APPRENTICESHIPS (also you can do a coding bootcamp like lambda or self teach)
@@duncanbug apprenticeships aren't exactly easy to find, and a coding bootcamp is quite costly, money I don't have. I've looked into bootcamps before and I certainly can't afford the money or the necessary time while I work full time.
I've been there, it sucks. I spent my 20's in and out of homelessness. I worked 3 jobs just to pay rent and food. Wasn't until my late 20's when I finally got out and got my first office/dev job. If you like to work with hardware, maybe look into electrical engineering. Contact some of the companies(HR number or people on linkedin) and ask what it takes to get into those positions. Create a learning path for yourself and set goals to get you toward landing that position. I wish you the best of luck.
@@JakeSummers2424 This was really kind of you, I appreciate it. I may look towards doing so someday, but in the time since my situation has become much less secure, and my physical health has worsened by a lot. I need a break from the workforce, but can't really afford it.
Even my "good job" is gone, as the small local company was bought out by Walmart, and they've been giving me less and less work as time goes on despite still performing.
It's not gonna be an easy road from here, but I'm not giving up entirely on one day getting to where I want to be. It's just sometimes you gotta hunker down and just survive to the next day you know?
Thank you, tho. I've also spent time homeless, it's what I'm most worried about avoiding with the state of my physical health.
Please run for the senate, or president. You have my vote.
Oh hell no.
Take Trump for one example. *Candidate* Trump said Obama's economy was fake and the stock market was only doing well because interest rates were being kept artificially low. So, you'd think he'd advocate for higher interest rates once in office, right? No - *President* Trump yelled bloody murder at the slightest inkling of interest rates going up. I can't find it because his twitter got deleted but I'm sure someone can if they search. _President_ Trump did a total 180 on _Candidate_ Trump's stance, not dissimilar to most politicians.
Everyone talks a good game about what they'd do once in office, but there's a reason why most never do anything. Actions taken for long term benefit often have far reaching, miserable short term consequences. No one who gets voted in/out of office every 2, 4, or 6 years wants to be associated with the miserable short term consequences. Anyone can point out problems, but no one wants their head rolling in the guillotine while administering the foul tasting, painful medicine necessary for things to return to normal.
99% of the things I'd want to do I'd probably have my head rolling in a gutter if I actually did because I wouldn't be in office long enough, or alive long enough for it to happen. Politicians have a rational self interest in keeping things good enough that people don't tip over the monopoly board called society altogether, just long enough for the next jackass to get voted in and get blamed when it all goes to hell.
Someone may vote for me now based on one thing I say that makes sense. But the moment anything I do that *sounds* like it makes sense causes any short term pain for people it'd be off with my head at worst, voted out of office in shame at best, hated by a majority of voters in America, blamed for every problem.. screw that. I'm not playing that game, I don't hate myself enough to be a politician in 2021 America.
@@rossmanngroup Don't live in the US but i remember when the US was the dream for many people in my country but from the recent events and knowledge about life there from the internet. everyone i know is leaning either to Canada or the UK
Santa claus is to children
What
Politicians are to adults
Oh btw i don't hate Americans just hate the system
Imagine thinking voting means anything. There's too much at stake by the power brokers to have their aims disrupted by 'voters'.
And that first part about realizing how disposable you are isn’t even touching on some of the shit treatment. So many people just found their breaking points.
Yea, its tough. Ive been looking around for jobs in my region and its incredibly depressing. Basically everywhere around here has shitty work conditions that dont care about their workers with shitty pay.
I cant even get an interview for any job here that pays more than 12$/hr. Any job that even is paying 15$/hr ends up with massive lines of people for just a handful of positions.
I really just cant take a job for 12$/hr. I would end up working full time for years for who knows how long and still end up stuck living with my parents because Im single and cant afford to live on my own even with a full time job. Its depressing. Ive just been trying my hardest to find something a little better so I at least have a chance to move out one day, but things only seem to be getting worse.
@@eragon78 Try living with your parents and having to work a job alongside them just to make the ends meet. You don't live in their basement, but they don't get to retire. And you don't get to move out. They will work until their fingers become bones, and then you will have two less people helping pay the bills.
Even if you own the land.. What future do you have?
I've long had the rather cynical thought that I'll make two investments in my life. Finding a job I'm at least happy with, and friends to spend my pitiful off time with. My second investment? A politically incorrect bang stick so that I have a plan B. The debt isn't your problem anymore if you're not still here to see it.
... Or maybe that's too dark, I'm really not sure anymore. Call me when the next civil war breaks out, maybe we can change things then. Otherwise, don't wake me up until the next crash begins.
Here in Australia I earn the median wage, I've saved up $112,000 AUD and I still cannot afford a house. Prices have risen over 20% in one year
every time theres some sort of economic crisis in this country where many homeowners lose their jobs to unforeseen circumstance we have the same problem of massive corporate companies buying up all these cheap foreclosed houses in desirable areas only to flip them and resell at insane costs... if these practices arent punished and ""investment" corporations like BlackRock arent broken up, the cost for both renting and buying property are going to continue soaring through the roof. its nuts that companies like these that serve 0 purpose are able to become so prolific in our country
"You will own nothing, and you will be happy" - World Economic Forum
Unless you’re a small hat.
Based comment and based replies.
Carrot running away is literally what was happening to one of my friends. Every year for 5 or so years she kept saying " i just have to save up for one more year " while paying more in rent than what she would for mortgage including all costs tied up to owning house. It's ridiculous
Watching this video and reading this comment section is absolutely crushing.
As a Gen Z teenager in a working-class family, I initially didn't understand why my parents sold their property in a decently urbanized neighborhood to move to a more rural area with lower living costs.
As I go into university very soon, what will happen to the economy and housing market while I'm there? The future is very uncertain and I am worried for all of us.
I’m a millennial, graduated high school in 2007. I felt exactly the same then. College was expensive then. It’s prohibitively expensive now. My husband is an accountant and even with his $51k a year job, we don’t know if we’d be able to afford to buy a house in the next several years. It’s depressing, yes, but something has to give at some point. It’s become too unlivable for far too many people.
I moved back in with my dad. I had a dream of owning a condo (with mortgage) within a year. And then I got laid off. Stayed on my own for a while. But I got tired of it, moved in with my dad, now I work under the table and pay 400 a month in rent. It makes me feel insecure to be honest.
time to start selling drugs on the side, shit wild.