Comments by "Tracie Nielson" (@tracienielson7183) on "Why A Real Estate Crash Won't Make Homes Affordable... For You" video.

@dungeonmaster6292 I'm in my 60s. I didn't buy my first house until I was 35. I don't know where you get the idea that the average person was having all these goodies. We were working overtime, saving what we could (sometimes nothing), and watching every penny spent. Since I was born in '61, I've lived during a war economy, at least a couple of serious recessions (one caused by taking the dollar off the gold standard), massive oil shortages, inflation, etc. My mortgage rate was 8% when I bought that house in the mid-90s. My parents had a 12% mortgage on a house they built during the Carter administration. My maternal grandparents built their house with their own hands and lived there until they died. My paternal grandparents bought a hospital barracks after WW2, added walls and lived there until they died. They had a LOT of stories about what their generation went through. Every generation faces challenges. The gen-whatevers (who can keep up?) need to stop thinking that boomers had it so easy.
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@TheGooglySmoog When the minimum wage was less than $3.35 an hour. My first husband and I were married in our very early 20s. He was in school and I was working. My gross wage was $777 a month. My grandmother had a detached garage (480 sq ft) that she and her husband built to live in until their army barrack (they added interior walls to make a house) arrived (1940s), my parents turned it into a back into a little house while saving for their first home (early 1960s), then my husband and I rebuilt it (mid-1980s). Each generation built that place with their own hands. We had to learn skills to do it. I was 8 1/2 months pregnant leaning again the sheets of drywall while my husband screwed them to the studs. I lived in that little place for 10 years. If I were young today, that's what I'd do again. Find a small piece of land (outside the city because it's cheaper) and self-build a modest home. There are house plans to buy for homes that can be built as modules and added to over time.
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@hhjhj393 The post-WW2 economy was a time of rapid growth because of GIs coming home which led to the construction of crazy numbers of homes. The Federal government instituted the Civilian Conservation Corps. Both of my grandfathers participated in this. One grandfather helped build railroads. My other grandfather worked on the Bay Bridge and Hoover Dam. So, unemployment was low. Many people built their own homes with their own hands. Most people had at least a small garden to grow some food. It's also important to acknowledge that while these families enjoyed a booming economy after the war, they had previously gone through hell during the war. There was strict rationing, and many men were taken out of the marriage pool due to death/severe injury. This was after a decade (1930s) of a horrible depression. Young people today don't see the whole picture of what the previous generation experienced. They just seem to envy the result of their predecessors' accomplishments. If you were alive in the 70s, you don't have to imagine oil running out. The oil embargo created massive oil shortages. We would wait in long lines to get gas. The limit was 1/4 tank and you could only buy gas on certain days (based on your license plate number). It should also be noted that the government didn't impose the regulations and taxation it does now. In the past, the USA was run to be successful. Now, it's run to stunt growth. A lot of college kids in the 1960s embraced Marxism. Those kids are the politicians of today. Capitalism was what brought the USA the standard of living it enjoyed. All the other isms just make life harder. ETA: Immigration was strictly controlled. There were limits on how many could enter each year. They also had to be able to control and assimilate into society. The importance of this can't be overestimated.
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