Youtube comments of (@Koi_to_Dragon).
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Lmfao talk about out of touch. The median income in 1960 was $5,500 while the median house cost was $11,000. Today, the median income is roughly $75 K while the median house price is $433 K. The house cost to income ratio went from 2 to 5.7.
The average rent was $71/ month while the average monthly income was $333. Today, the average rent is roughly $2,000, while the average monthly income is roughly $5,000. The income to rent ratio went from 4.7 to 2.5. Add in taxes, car insurance, health insurance, gas, groceries, utilities, etc. and there goes most of the rest of that income.
Average tuition in 1960 at a university was $600-$700. Today, it’s roughly $12,000.
I could go on and on and on about how different things are today but I know 🫵’ll just continue on with 🫵 🐂 💩 “pick 🫵self up by the bootstraps” mentality.
Let’s not forget how shitty many boomers parented their children. Either not present in their lives at all or helicopter parented them into the ground and destroyed their development in the process.
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@Zummbot
-40 million renters are currently at risk of eviction.
-3 million homeowners will have delinquent mortgages in 2021.
-43% of renters and 5% of homeowners are in serious danger of losing their homes.
-In 1960, the median home cost $11,900, while the median income was $5,600, indicating a price-to-income ratio of 2.1.
-By contrast, in 2019 the median home cost $240,500 with an estimated median income of $68,703, a price-to-income ratio of 3.5.
-The median house of 1960 would cost just $104,619 in 2020 dollars, far below the actual cost of $240,500, meaning housing costs have increased by 129%.
-Median household income has only grown by 39% in that same time period, from $49,232 (2020 dollars) in 1960 to $68,703 today.
https://www.thezebra.com/resources/home/housing-trends-visualized/
“Used to” is irrelevant. We aren’t living in the past. Also, back then inflation wasn’t nearly as bad and the dollar was also backed by gold to hedge any inflation that was present until Nixon put an end to that in 1970.
The funny part is this study isn’t even current and it’s a lot worse now than it was even 4 years ago. Clearly, you’re out of touch. Just because the bar/standard has always been low doesn’t mean it should stay that way because people are suffering. Look around you…if this keeps up, we will be 3rd world
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@Zummbot -40 million renters are currently at risk of eviction.
-3 million homeowners will have delinquent mortgages in 2021.
-43% of renters and 5% of homeowners are in serious danger of losing their homes.
-In 1960, the median home cost $11,900, while the median income was $5,600, indicating a price-to-income ratio of 2.1.
-By contrast, in 2019 the median home cost $240,500 with an estimated median income of $68,703, a price-to-income ratio of 3.5.
-The median house of 1960 would cost just $104,619 in 2020 dollars, far below the actual cost of $240,500, meaning housing costs have increased by 129%.
-Median household income has only grown by 39% in that same time period, from $49,232 (2020 dollars) in 1960 to $68,703 today.
“Used to” is irrelevant. We aren’t living in the past. Also, back then inflation wasn’t nearly as bad and the dollar was also backed by gold to hedge any inflation that was present until Nixon put an end to that in 1970.
The funny part is this study isn’t even current and it’s a lot worse now than it was even 4 years ago. Clearly, you’re out of touch. Just because the bar/standard has always been low doesn’t mean it should stay that way because people are suffering. Look around you…if this keeps up, we will be 3rd world like the countries you’re talking about
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Lolol your comment cracked me up because you sounded like agent smith from the end of the 3rd matrix 😂
“Why, Mr. Anderson?, Why, why?.
Why do you do it? Why, why get up?.
Why keep fighting?.
Do you believe you're fighting...for something?.
For more than your survival?.
Can you tell me what it is?.
Do you even know?; Is it freedom?, Or truth?.
Perhaps peace?. Could it be for love?
Illusions, Mr. Anderson.
Vagaries of perception.
Temporary constructs of a feeble human intellect trying desperately to justify an existence that is without meaning or purpose.
And all of them as artificial as the Matrix itself, although... only a human mind could invent something as insipid as love.
You must be able to see it, Mr. Anderson.
You must know it by now, You can't win.
It's pointless to keep fighting.
Why, Mr. Anderson?.
Why?, Why do you persist?.”
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Lmfao talk about out of touch. The median income in 1960 was $5,500 while the median house cost was $11,000. Today, the median income is roughly $75 K while the median house price is $433 K. The house cost to income ratio went from 2 to 5.7.
The average rent was $71/ month while the average monthly income was $333. Today, the average rent is roughly $2,000, while the average monthly income is roughly $5,000. The income ratio went from 4.7 to 2.5. Add in taxes, car insurance, health insurance, gas, groceries, utilities, etc. and there goes most of the rest of that income.
Average tuition in 1960 at a university was $600-$700. Today, it’s roughly $12,000.
I could go on and on and on about how different things are today but I know 🫵’ll just continue on with 🫵 🐂 💩 “pick 🫵self up by the bootstraps” mentality.
Let’s not forget how shitty many boomers parented their children. Either not present in their lives at all or helicopter parented them into the ground and destroyed their development in the process.
Disrespectfully, go f*** 🫵self.
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Lmfao talk about out of touch. The median income in 1960 was $5,500 while the median house cost was $11,000. Today, the median income is roughly $75 K while the median house price is $433 K. The house cost to income ratio went from 2 to 5.7.
The average rent was $71/ month while the average monthly income was $333. Today, the average rent is roughly $2,000, while the average monthly income is roughly $5,000. The income ratio went from 4.7 to 2.5. Add in taxes, car insurance, health insurance, gas, groceries, utilities, etc. and there goes most of the rest of that income.
Average tuition in 1960 at a university was $600-$700. Today, it’s roughly $12,000.
I could go on and on and on about how different things are today but I know 🫵’ll just continue on with 🫵 🐂 💩 “pick 🫵self up by the bootstraps mentality”.
Let’s not forget how shitty many boomers parented their children. Either not present in their lives at all or helicopter parented them into the ground and destroyed their development in the process.
Disrespectfully, go f*** 🫵self.
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