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It is not Boomer greed that has caused younger generations to be locked out of the market. I know a few younger people i’m their 20’s that bought homes while making less than $50k/yr. Here is the major problem with younger people:They are spoiled brats. They are unwilling to buy a small house that needs a lot of work. They have to have it all NOW; granite countertops, 2500 sq ft, very nice neighborhood, and all turnkey. Now add the fact that these kids are carrying stupid amounts of debt, they simply do no qualify financially for their 2500 sf ft turnkey house. If they would get out of debt, they would be able to qualify for a loan for a small house and start their journey. I am Gen X and own 4 properties. I make rental income from these youngsters because they are so backwards thinking, they have resigned themselves to not give up a single luxury. My two daughters live in nicer homes than I do, but they rent. Maybe they think they will buy their house one day when their old man passes, they will be sorely disappointed when they read my will and trusts. I can’t stand theyounger generations, and I do blame their Boomer and Gen X parents for spoiling them, but that doesn’t mean I have to like their kids. There are exceptions, but most of the youngsters I deal with are a lost cause.
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Up to this week, I thought we would pull through this relatively soon, with good news about hydroxychloroquine coming after this past weekend, but....the average American has been living right on the edge, I don't believe we will pull out of this economically for years. Fed trotted out Bullard with that "Full Throttle" in 4th quarter bull crap. I do believe we could enter massive depression. Even hospitals are cutting pay by 20%, benefits, 401k matches. Even companies have been living on the edge. Silver and gold won't put food on the table, keep the lights on, keep the heat turned on. It's a bad situation. Trump said we can't let the cure be worse than the disease, we need to get out of this quarantine as soon as possible. Instead of 100% quarantined, they should let the younger than 60 with no health issues out first to return to jobs. One major problem is the obesity epidemic has caused massive amounts of underlying health issues for a majority of Americans and Western civilization. Now the fatties are sitting at home watching Netflix. We have lost our way as to what is most important in this world. This situation is making me evaluate my values and what I want to do for the rest of my life. I am quite sick of ineffective government. We would have drug companies in Puerto Rico right now if not for politicians jacking around the tax code. They have endangered the lives and national security of the USA. The CDC was NEVER prepared for this...for f@ck sake, it hasn't even spread to 1% of the population and we need equipment from China and Russia donated?! F@ck YOU CDC and FEMA! F@ck you Bush, Obama, and Trump for allowing the USA to be caught with our pants down. WHERE'S THE F@CKING MASKS 3M??????????? Taiwan worked 24 hours a day installing new lines to manufacture masks and ALL RESIDENTS GET MASKS EVERY WEEK, they have a national distribution and monitoring system to prevent hoarding. The way our government has handled this is despicable . OK...rant over. Have a good day everyone.
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The company I work at offered me in 2007: a pension, full coverage health insurance with no deductibles, no out of pocket for anything, retirement healthcare, bonuses paid twice a year. Now: pension hasn’t been offered to new hires since 2010, healthcare is a high deductible plan that costs me thousands around $8k/year for single coverage, retirement healthcare just got a haircut this month, and no bonuses paid this first half of year. Beware when your company gets bought by vulture capitalists, they don’t care about the long term viability of your company, the effects on your city, workplace environment, or YOU.
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Frontline had an excellent program recently about Artificial Intelligence. Companies are on a fast track to eliminate as much man power as possible, to be replaced by computers and robots. If you are in any kind of data entry or analytical job, your days are numbered. In the next 15 years 50% of all jobs will be affected by Artificial Intelligence, to varying degrees. Yesterday I made a call to Aviall (owned by Boeing) as I have done for the last 25 years. I get consumables from them. The guy I have been dealing with in Chicago advised me that I would no longer be able to get quotes or place orders over the phone...everything must be done online. He said they have been working on the transition for months. People need to think about what they do for a living and ask themselves if their company could do the same thing using an online business model. Most companies have websites of course, but now companies want to eliminate people and will be forcing customers to use computers and do more themselves. It’s happening incrementally but once you are woke, you see it all around. Kiosks in fast food, no human checkouts at Home Depot, Aviall. I took a co-worker to the hospital last week and waited around for 5 hours. If you know anyone in healthcare at a hospital, ask them about automation..I was amazed. Many people have memories of being in a hospital, having a nurse check your vitals regularly....now they hook you up to a machine that constantly monitors your vitals, can administer meds, and all with very little human interaction, which frees up that one nurse to attend many more like you. Big changes are here and if you aren’t paying attention, you might wake up without a job very soon. If I was 18 years old, I would head for The Trades...
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It is VERY common for women to divorce their husbands in midlife. They fall for a man paying them a little attention, and suddenly they feel 20 again. Then they divorce with all the cash and prizes, the guy dips out and she’s suddenly alone. She hits the dating apps and gets lots of attention and dates, maybe goes a little crazy banging a bunch of guys, picks up some unwanted diseases, and realizes their life isn’t going well. They decide to seek out the beta male with a house, career, and big 401k. They become chameleons and all of a sudden are into scuba diving, golfing, etc etc. They know they have to play the long game if they want to lock in that guy to marriage. Men, do not be fooled by these chameleons. You are worth much more than a middle aged female. If you want to have a girlfriend, look for a much younger woman and NEVER date a single mom.
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Introduction
Uneducated Economist is a paid advertiser and subcontractor through any one or several of the following advertiser entities: (a) Future Money Trends, LLC, (b) Gold Standard Media, LLC; Gold Standard Media, LLC, ShtfPlan.com, Wealth Research Group, LLC, Portfolio Wealth Global, LLC, Wallace Hill Partners, Ltd (hereafter collectively referred to as “we”, “our”, “us”, or “FMT” or the “Company”). The following disclosure refers to both FMT and Uneducated Economist and discloses the compensation that FMT paid Uneducated Economist for sub-contracting advertising services.
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I'm Gen X. I bought my first house when I was 21 in 1991 making $18k/yr with a stay-at-home wife and a 3 year old. My house cost $53k for a 950 sq foot ranch with a single car garage. I had NO DEBT, not a single dime of debt. NOBODY gave me any $$$, I saved for downpayment. I barely qualified, I had to do a buy-down of the interest rate to 10 3/4% on a fixed 30 year. So cry me a river about "high interest rates". You all need to look in the mirror. How much debt have you been carrying throughout your adult life? I have been contributing to my 401k's and IRA's since I was 21. I put myself through Tech school, again not a dime of money came from family and I got one single Pell Grant for $1000k. I drove old cars for the first 10 years of my adult life. Fast forward to today, where am I sitting? I own over $1.5M in real estate, half of it paid for by renters. I have a vacation log cabin on a lake. I have storage facility. I have over $2M in retirement funds. My debt is almost non-existent, owing less than $80k left on real estate. It's always been this way, clowns and clowns crying that the generation before them screwed them...that's a lie. You did it to yourself, you didn't put saving and investing before buying your nice cars, vacations, eating out, clothes, Iphones, macbooks, etc, etc, etc.
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FROM THE FRENCH STUDY: (This is the cure)...A 14 day study of 42 total patients during which they lost 6 due to: (3 xfrd to ICU, inc 1 on day 2, 1 on day 3, 1 on day 4) (1 dead on day 3, 1 left hosp day 3, 1 stopped due to nausea). 20 Hydroxychloroquine patients were remaining, 16 control remained. The ages of those receiving both Hydroxychloroquine AND Azithromycin drugs were 53,48,50,20,54, and 60. Two of the six had upper respiratory tract infections and the other 4 had lower respiratory tract infections. These were the patients with the worst symptoms. In all patients, even those receiving HC alone, improvements started at day 3. By day 6, 70% of those receiving HC alone were cured and 100% of those receiving HC and azithromycin combined were cured (of note...5 of the 6 were cured by day 3, one last patient took two additional days to be cured. They tested each patient every single day by swabbing their nasal passage and growing cultures (reference page 9). Of note, one patient who was still testing positive at day 6 of the study was had been receiving HC alone. When she was given azithromycin in addition to HC at day 8, she tested negative at day 9, reference page 11) (I read the study, you can read it for yourself....www.mediterranee-infection.com) THIS IS THE CURE!
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I just talked to 21 year old girl who just bought her second house in her life (after selling her first). She and her boyfriend are blue collar, but they keep their expenses low (both have old cell phones with cheap plans, neither have newer cars, neither have SKOOL LOANS. In short, the complainers about house prices are typically living a higher lifestyle that is keeping them out of owning a home (car loans, stupid loans, credit cards, iphones, macbooks, clothes, vacations, dining out, expensive apartments because they won't live in a "bad area".) Well at least some people have life figured out at a young age
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FROM THE FRENCH STUDY: (This is the cure)...A 14 day study of 42 total patients during which they lost 6 due to: (3 xfrd to ICU, inc 1 on day 2, 1 on day 3, 1 on day 4) (1 dead on day 3, 1 left hosp day 3, 1 stopped due to nausea). 20 Hydroxychloroquine patients were remaining, 16 control remained. The ages of those receiving both Hydroxychloroquine AND Azithromycin drugs were 53,48,50,20,54, and 60. Two of the six had upper respiratory tract infections and the other 4 had lower respiratory tract infections. These were the patients with the worst symptoms. In all patients, even those receiving HC alone, improvements started at day 3. By day 6, 70% of those receiving HC alone were cured and 100% of those receiving HC and azithromycin combined were cured (of note...5 of the 6 were cured by day 3, one last patient took two additional days to be cured. They tested each patient every single day by swabbing their nasal passage and growing cultures (reference page 9). Of note, one patient who was still testing positive at day 6 of the study was had been receiving HC alone. When she was given azithromycin in addition to HC at day 8, she tested negative at day 9, reference page 11) (I read the study, you can read it for yourself....www.mediterranee-infection.com) THIS IS THE CURE!
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Somebody should clue Joe Rogan in on poor Rayshard Brooks criminal record...felony cruelty to children, obstructing an officer, theft, theft, theft, battery, false imprisonment, false imprisonment, false imprisonment, family battery, family battery, family battery...this ain’t Mayberry and we don’t want Barney Fife as police. Rayshard used a deadly weapon (DA made that clear two weeks ago that under Georgia law a taser is a deadly weapon) against a police officer. That black man got what he deserved. One less thug on the streets.
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Why don't you address the gutting of companies by the executive suites of thousands of public companies built and run NOT by those ridiculous executives, but by the toil and sweat of hard workers. The FACT that management salaries, benefits, and perks (corporate jets whisking them on their vacations?!?!) Abbott Labs made Miles White so rich, they bought him a brand new $60M Gulfstream, built him a hangar, and he has a multi-million dollar budget to fly him around IN RETIREMENT. It's OBSCENE what these pricks do. Remember this: MANAGEMENT DOES NOT GIVE TWO SH!TS ABOUT YOU, YOUR FAMILY, OR YOUR FUTURE. As long as business keeps humming along, nobody upsets the apple cart and they get their obscene compensation packages. Mary Barra got a 29% increase in pay and WOULD NOT ANSWER, after being asked TWICE if she thought that was fair in the face of the denying the UAW WORKERS>>>>WORKERS<<<<<<< The ones who make the train go down the track, NOT MARY BARRA or ANY executive suite empty suit. I say GO ALL THE WAY, shut the companies down long term if needed. Leave the executives to sweep the floors...(yeah right). Jim Farley's salary=$21 MILLION PER YEAR, up 21% from his predecessor in 2019. Mary Barra salary=$29 MILLION PER YEAR, up 34% over last 4 years. Carlos Tavares salary=$25 MILLION PER YEAR while the typical Stellantis employee makes $68k. This does not address any preferred stock, stock options, Golden Parachutes, nor their RETIREMENT FUNDS. HOLD THE LINE, be prepared to grind the entire machine to a halt....management will cave because in the end, without workers they don't get their goodies.
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Angelina Jolie, Charlize Theron, Madonna, Katherine Heigl, Ewan McGregor, Meg Ryan, JOSEPHINE BAKER>>>>CIVIL RIGHTS LEADER, Mia Farrow, Brad Pitt, Mary-Louise Parker, Julie Andrews, Emma Thompson, Connie Britton, Jillian Michaels, Jim Caviezel, are just some of the left wing “celebrities” that have adopted foreign born children of “races” not their own.
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The wrench in this is that men will date their equal and they will date down. Women will not date what they perceive is down. When female 5, 6, and 7’s are having one nights and getting attention on the dating/hook-up apps from 7’s, 8’s, 9’s, and 10’s, this artificially inflates their perception of their true Sexual Marketplace value. So they set their standards artificially high, yet none of the high value men commit. So the years pass and the 30 year old turns into a 40 year old, dried up, wrinkling, sun damaged, spiteful, cat lady.
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That article is behind a paywall, but is 5 years old. As far as poor leaving the church, here’s my take: blame social media, Only Fools, and Online hookup sites (we used to call them dating sites but that has devolved into almost total hookup culture). Poor girls have been groomed from their teens to go from Insta to Only Fools. They have no interest in Church or a relationship with a living God. They’re gods and the Kardashians and Taylor Swift. They worship at the alter of easy money. They are fresh meat on the Insta and OF. As for the young men, they have learned that young women aren’t interested in them unless they are 6 feet, make 6 figures, and you know the rest. All the Match yearly statistics show 80% of the women are chasing the top 20% of men. All of this is to say, family formation has collapsed and that is the basis for Church attendance…families. Church attendance is just a reflection of the degeneracy in society today. The Pope accepts Trans, kisses the Koran. There is no stopping this train. The world is headed for destruction. Deep down you know I’m right, you see it with your own eyes. Something has accelerated and the world will never go back to “wholesome values”. It’s so funny that people suspect there are high powers pulling the strings of our highest elected officials and leaders, Illuminati, free masons, banksters, Bank of England, when the simplest explanation was laid out thousands of years ago… Eph. 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. You can avoid the penalty of eternal separation from the God that made us by repenting your sins and accepting Jesus Christ as your Savior, the one who died to take away your debts so that you can have everlasting life. Deny Christ and you will be lost in darkness and unending mental torment. It is the price for sin that must be paid.
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Johnathan Myers You are mistaken. Siding with law and order is above all. There is no cognitive dissonance in my mind. I think clearly. Blacks have co-opted George Floyd’s murder to further their racist agenda toward whites. There is no such thing as “white privilege” in the USA. Any black young man or woman who applies themselves in grade skool and high skool is GUARANTEED a FREE RIDE to college. A black engineer and a white engineer equally qualified, applying for the same job, the black engineer will get the job EVERYTIME. A black pilot vs a white pilot? Same results. A black female engineer or pilot...they will CREATE a position to get them on the payroll, all in the name of racial diversity. Any blacks crying racism over George Floyd’s murder, where were you when a black deputy murdered a white man in Dallas in 2015 accompanied by another black deputy and a white deputy? The black deputy murdered Joseph Sheldon Hutcheson using his knee to the neck, Hutcheson barely able to say the words, “I can’t breathe.” Blacks down the street from me wrote that on their car, “I can’t breathe. Please stop killing us. Black lives matter.” Guess what...all lives matter, blacks are no better or more special than any other color. You have ripped off George Floyd’s murder for your own agenda, which for many blacks is reparations and for some it goes to retribution. That brings me back to rule of law. We must have rule of law. We cannot allow thugs using George Floyd’s murder as an excuse for looting, vandalizing, beating, and killing. We can’t let other groups like LGBQT co-opt attention away from George Floyd’s murder. George Floyd’s murder was not a race issue, it was a police brutality issue. It is an issue of broad police powers across our nation, superiors covering for sadists, and police being cozy with DA’s and judges. It took 6 months for the Dallas DA’s office to release the names of the 3 deputies who murdered Joseph Sheldon Hutcheson. To this date no charges have ever been filed and no consequences for the 3 deputies have been administered. So spare me your racist agenda black man.
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