Comments by "Dennis" (@Dennis-nc3vw) on "Boomer Real Estate Tutorial" video.

  1. How is that mathematically possible when companies like Apple, Tesla, and Microsoft all have profit margins below 5%? I'm pretty sure I know how they cook that "workers are 3x as productive therefore they deserve 3X higher wages" statistic. Imagine you're letting a friend use your oven to bake a pizza. He says since he's using your oven, you're entitled to 1/8th of the pie. Now imagine you bake a pizza that's three times larger than normal. Do you now deserve 3/8ths? No. But this is how they trick workers into believing their getting ripped off. The economic pie is bigger, which means yes, workers do deserve more pie, but they don't deserve a bigger proportion of the pie.
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  2. Leave it to Beaver was about a family with a dad who worked a white collar job for a big company in New York. People need to stop using that show to think the 1950s was a time when everyone could afford a nice house with a white picket fence. Infact the median house size was 1000 square feet (now its 2400 square feet) and the poverty rate was about twice what it is today. (It's hard to find statistics that go back before 1959, but in 1959 it was 22%).
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  3. Median house size has actually increased more than 2X since 1950, from about 1000 square feet to 2400 square feet. If you look at 1950s media you'll see a lot of bunk beds.
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  4. People need to stop watching sitcoms about upper middle class families and assuming that's how everyone lived "back in the day." Watch movies like "Flowers for Algernon" or "A Raisin in the Sun" (it was originally a play but had a film adaptation) to see how the working class used to live.
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  5. People need to stop using Leave it to Beaver to gauge was the 1950s was like. That was a story about a family whose dad worked a white collar job for a big company in New York. The 1950s wasn't a utopia where everyone was middle class. The poverty rate back then was actually about double what it is today.
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  6. I seriously doubt that. I'm so sick of irrational nostalgia. America was never a working class utopia. Stop watching old sitcoms about upper middle class families and assuming that's how everyone lived. Watch something like "A Raisin in the Sun" or "Flowers for Algernon" to see how the workin class lived "back in the day." In 1950, the suppose golden age when everyone was middle class, the median house size was less than half what it is today (1000 square ft vs 2400 square ft) and the poverty rate was double what it is today.
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  7.  @TasmaniaIsAHole  Three years salary...the GDP per capita is in America is $60,000 a year. Let's treat that as the average salary. Can you not buy a 10000 (edit: sorry, 1000) square foot house in America for $180,000? Zillow tells me otherwise.
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  8.  @jasono2139  Yes, sorry. I meant 1000 square feet.
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