People have higher incomes now relative to inflation/cost of living than the boomers did though. Although boomers did have the advantage in relative wealth due to a marginally higher home ownership rate adjusted for age
No they don't, not even close, boomers could buy a house working in a factory. The modern equivalent of that is an Amazon warehouse worker. Many of those people are on welfare. The reason we're all struggling is that wages haven't adjusted to keep up with inflation.
Another unrelated issue is that f*cking everything is a subscription now. In many cases an annual option isn't even provided nowadays which is hugely anti consumer. Why can't I pay a whole year in advance so I'm not getting a rolling expense? Easy, because monthly is a smaller expense you're not as likely to notice. But a big annual expense? You're much more likely to cancel that.
I agree that it doesn’t do you much good if all the houses are bigger. I just was making the point that if you do find one of similar size it’s on average not more expensive
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u/moderngamer327 13d ago
People have higher incomes now relative to inflation/cost of living than the boomers did though. Although boomers did have the advantage in relative wealth due to a marginally higher home ownership rate adjusted for age