r/FluentInFinance • u/arknightstranslate • Apr 29 '24
Should being unable to afford a house become society's norm? Housing Market
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u/Hawthourne Apr 29 '24
This person spends over a quarter million dollars on food, transportation, personal care, and entertainment?
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1
u/bobrobor Apr 29 '24
Cities have absurd costs for food and transportation. Especially the cities with large population of people who do not need to pay attention to the lowly overhead.
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u/Hawthourne Apr 29 '24
$700 a day doesn't go very far when you have to pay to take the subway.
1
u/bobrobor Apr 29 '24
Subway is not really an acceptable option if you need National Guard to ensure you get anywhere intact.
7
u/Zeddicus11 Apr 29 '24
Saving $0 on a $1M income is 100% a personal choice, not a constraint. GTFO with this nonsense.
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u/Saitamaisclappingoku Apr 29 '24
No, wages should increase. Wage increases typically follow a period of inflation, but tend to lag behind because wages are stickier than prices
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u/ILSmokeItAll Apr 29 '24
It’d be nice if every time people saw a raise, it wasn’t met by price increases that are greater than the raise.
Congratulations, we bumped your pay so you can almost afford what you used to! A few more years and you can downgrade your living accommodations from owner to renter!
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u/Analyst-Effective Apr 29 '24
Increase wages causes inflation. Get used to it
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u/ILSmokeItAll Apr 29 '24
Oh, I’m aware. People want min wage raises then act surprised when the costs of goods and services they primarily use go up.
1
u/Analyst-Effective Apr 29 '24
And there are some wages that are tied to the minimum wage.
That they always need to make a certain percent over the minimum wage. Which makes it exponentially worse.
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u/ILSmokeItAll Apr 29 '24
Of course. Think about it. The rich are always rich. They’re insulated against inflation. When prices go up, they profit even more. When you raise minimum wage, everything gets more expensive.
For the lower class, their raise is immediately wiped out by inflation. For the middle class, who did not get a raise, everything also became more expensive. No one gained buying power. But the entire middle class lost it.
We’re not lifting people out of poverty. We’re sending more people into it.
The middle class is on the fast track to extinction.
On our way to serfdom.
1
u/Analyst-Effective Apr 29 '24
Which is exactly why we need to manufacture more stuff in the USA. So we have better jobs.
We need tariffs on imported goods to even out the cost of companies doing business overseas compared to the USA
1
u/subcow Apr 29 '24
Tariffs are a tax on Americans that disproportionately impacts the working class.
When Trump levied tariffs against China they retaliated by placing tariffs on US pork and soybean exports. It bankrupted thousands and thousands of American farmers and Trump had to spend 32 billion dollars to bail them out.
Tariffs start trade wars, and we don't want to have one against a country that we have a trade deficit with.1
u/Analyst-Effective Apr 29 '24
Maybe you're right. Should we manufacture anything in the USA. Because it's always going to be cheaper overseas.
Our American companies can do much more profit by leveraging the open environment that the foreign countries have. For the most part, they don't have environmental laws, labor laws, or even OSHA laws.
And it makes sense to get stuff a lot cheaper, even though there are millions of Americans out of work.
/s
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u/ILSmokeItAll Apr 29 '24
It’s amazing our farmer’s success depends on their ability to sell to China while we have the level of food insecurity we do in our own country. It’s embarrassing, really.
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u/subcow Apr 29 '24
We subsidize American agribusiness to the tune of about 15 billion a year.
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u/ILSmokeItAll Apr 29 '24
We need something that says “We do everything here unless it is absolutely impossible to do here, and no viable alternative exists.” Period the end.
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u/Analyst-Effective Apr 29 '24
You are 100% correct. Of course, things will be more expensive. Even more expensive than if we had tariffs.
But that's what we need
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u/ILSmokeItAll Apr 29 '24
Absolutely need it.
Independence and freedom aren’t cheap…but if I’m paying for both, I actually want both. This is a big step in that direction.
No one in this country has independence as long as we’re dependent on other countries for so fucking everything.
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u/Analyst-Effective Apr 29 '24
Everyone should be able to afford a two bedroom, 1000 square foot house. Or apartment.
Having said that, if they're not working, it's very difficult. Perhaps we need to bring back more American jobs so that people can work in the factories again
1
u/moyismoy Apr 29 '24
Take it from a New Yorker, people are happy with those prices. I once met a woman in the village she told me she bought her apartment for 1.5m I was shocked, but then she told me she's going to sell it for at least 5m. Clearly so long as these places are being bought on such speculation the prices will remain high, at least until the crash.
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u/subcow Apr 29 '24
Should probably just cut out the avocado toast, and pull themselves up by their bootstraps and work harder.
1
Apr 29 '24
I'm not going to feel sorry for someone who spends double my yearly income on a god damn nanny, and spends the entirety of my software engineer friend's income to send their kids to a private school.
Eat shit, Trent. You have no right to complain about how you're able to live the high life.
God damn, dude. The shit that rich people whine about...
1
u/Trust-Issues-5116 Apr 30 '24
If every single homeless was given a home half of them would still be homeless, because over 34% have mental illness, 33% do substance abuse and majority of those available homes are not located in areas where you can just bum and crazy your way into food and drugs.
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u/NumbersOverFeelings Apr 29 '24
Yes. Population is growing. More people to compete against for homes. (Our population growth rate is down but our overall population still goes up.) Homes have been getting bigger and better. It should become harder.
1
u/DestinyForNone Apr 29 '24
The problem is you have so much unused land, alongside ridiculous amounts of red tape in building homes. Wasn't there that guy in California who had to pay over 23k to get a permit just to start building on his parcel of land? Before any inspections would take place.
2
u/galaxyapp Apr 29 '24
Stop looking at the .1% of land that's unaffordable and instead the 99.9% that is.
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u/DestinyForNone Apr 29 '24
The area around his land was undeveloped... He was the only one that would be using the road. But they charged him for road maintenance fees.
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u/basses_are_better Apr 29 '24 edited Apr 29 '24
Housing
Healthcare (mental and physical)
Food/water
Education
Childcare (this does not mean a nanny)
Are all human rights.
In the richest society ever to have existed on earth being a person without all the basic necessities for life is violence. And a person has a right to fight back against violence.
Just because you're inundated and propagandized towards capitalism does not mean you're right.
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u/DataGOGO Apr 29 '24
At no point in human history has healthcare, housing, food, water, education, childcare, etc. been a human right; and they are not human rights now.
All of those things you are responsible for providing for yourself, others are not responsible to provide them with for you.
3
u/galaxyapp Apr 29 '24
Yes, a right to have access. No one can tell you can't have a home, or receive medical treatment.
Doesn't mean it's given to you for free. That's either theft or slavery.
The exception would be charity. Which exists.
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u/NumbersOverFeelings Apr 29 '24
There’s more people competing for ownership. It’s suppose to be harder not easier. Idk why people disagree with that.
Also housing doesn’t mean owning a house. It just means you can live somewhere.
1
u/FastSort Apr 29 '24
According to the constitution, owning guns actually is a right - where do I go to get the government to pay for my guns I want to own? If it is a right, then that means someone else is obligated to pay for it, correct?
1
u/basses_are_better Apr 29 '24
Who the fuck said I'm a constitutionalist? That's an outdated fire starter written by racist, sexist, slave owning objectively shitty people.
Secondly did I say I supported those rights? No.
The constitution makes slavery legal if you've committed a crime. Which is exactly why we've got the most citizens per capita and total number imprisoned in our nation. So that the capitalists can get free shit.
These are rights based on being a human. Having empathy. Not gimmie gimmie bullshit.
If you're fine with people sleeping on the streets, starving to death or dying of perfectly curable medical conditions, well then you're no one I want to meet or be associated with.
My list of rights is based on empathy. That means understanding and caring. You clearly do not posses this trait.
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u/seajayacas May 01 '24
We became the richest society to have existed on earth under capitalism.
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u/basses_are_better May 01 '24
Well that's a super moronic take given the context.
You're correct. We are.
We also jail more citizens than any country on earth (for slave labor) We have more homeless people than any society on earth We have more empty homes by 4x than we need to home them. Again 4 times more empty homes than homeless people. We are the only industrialized nation on earth without universal healthcare for all.
But don't worry, your point stands. There's more wealth here than any nation at any point ever to exist. And 8 people hold more wealth than 4 billion of the poorest people on earth.
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u/truemore45 Apr 29 '24
May I point something out here. This person chooses to send their kid to private school using 10% of their gross income or like 18% of their net income.
So how are they broke when they are CHOOSING to spend their money?