Comments by "alex smith" (@alexsmith-ob3lu) on "How the Bank of Mum and Dad is creating a new class system" video.

@fairywingsonroses Thanks for sharing your story! The same thing can be said with public school education! America used to invest heavily in education and we had all kinds of classes for wood working, carpentry, welding, automotive, science, foreign languages, math, home economics, personal finance etc. for anyone to come in and learn. Then we got rid of all that in the 1980z. and now complain about a declining educational standard and missing people from many vocations.
3
It’s stupidity for parents to tell their child to take on debt to pay for an undergraduate degree in an over saturated white collar labor pool. Blue collar trades is the grey zone. Some are great fields but others are absolutely terrible. In the end, as our societies further decline/deteriorate, we’re left to fend for ourselves.
2
If you and your spouse are daring; you could do it the old fashioned way of buying a little parcel of land and building something from there.
1
Inflation destroys entire societies and also destroys wages.
1
Many still believe they’re living in 1950s/80s America with high economic growth and high financial wealth. That’s simply not the case anymore. I envy those who were young adults back in the early 80s, where they were able to enjoy a very high level of prosperity.
1
It’s stupidity for parents to tell their child to take on debt to pay for an undergraduate degree in an over saturated white collar labor pool. Blue collar trades are is the grey zone. Some are great fields but others are terrible.
1
@sarahann530 Just use history as an example. When great empires fall, people resort to rationing their resources, forming close knit communities, building walls/fences in their local area, etc. That’s exactly what we are seeing here in a declining America. City downtowns are exclusive only for the wealthy; while poor people are left to figure stuff out in the suburban/rural places.
1
@sarahann530 Take a look at the American city of Baltimore. The wealthy gather in the affluent downtown core, while the poor are left in suburbs that are rotting away. It used to be that rural, suburban and urban were pretty well balanced in America. Now, you have a return to the old concept of: if your inside the castle, you well connected, well guarded and safe. If your outside the castle, your left to fend off any attacks by yourself.
1
@sarahann530 Seems like you don’t live in America. After WW2, our public policy was “rich people in the countryside and poor people in the cities” which was a disaster for many reasons. As America social support systems erode, we see rich people going back to cities and poor people surrounding the cities. The only difference is that we’re leaving poor in car dependent suburbs that have a very, very high financial burn.
1
@sarahann530 What are you even asking? America doesn’t have farmers anymore. We replaced our farmers in the 1970s/80s with big agricultural (conglomerate) businessmen. The motto became “get big or get out of farming.” The majority of American farmers were forced into bankruptcy thanks to the agricultural policies of Nixon, Carter and Reagan. So to answer your “farmer subsidy” question, it’s a no. American Farmers don’t get any subsidies.
1
@sarahann530 As for car dependent suburbs, I answered that question in my previous comment. After WW2, America embarked on a massive (continental) experiment of building “urban areas.” America built entire car dependent suburbs to a ready and finished state for the wealthy and upper class echelons of American society. By doing that, we pushed poor people who lived on the edge of cities in log cabins, cottages courts etc. into city downtowns. Again, that policy of “rich people surrounding poor people in cities” was horrible for many reasons. As the social support system rots away, wealthy and upper class folks are moving back into cities, while poor people are being forced to live in crumbling car dependent suburbs that financially drains their wallets. The suburban problem is only exasperated with strict zoning codes, zoning ordinances, public service regulations, and mandatory utility regulations imposed on every urban area (that includes suburbs). So to conclude, we’ve basically outlawed any kind of mom and pop business or smaller forms of (incremental) housing.
1
@sarahann530 “Which cities have poor suburbs ?” -Outside of Memphis, Tennessee you’ll find many very poor suburbs. -Go to every city in Louisiana (Baton Rouge, New Orleans, Layfayette etc.) and you’ll find many poor suburbs. -Outside of Baltimore, Maryland downtown hub. All the suburban neighbourhoods of Baltimore are run down and poor. -Texas is a good example of recent suburban poverty found outside the inner rings of Houston, Dallas, San Antonio etc. The list goes on, but if you want to learn more, I recommend Charles Marohn of Strong Towns.
1
@sarahann530 It’s called working incrementally and allowing for “missing middle housing.” The amount of triplex, fourplex, cottage courts, etc. missing middle homes that were demolished in Chicago (since the 1980s) is the equivalent of 20 million public housing towers. But that is irrelevant to the point your making. Every city/suburb and urban area is financially insolvent and going bankrupt. That includes so called “wealthy places” such as Los Angeles and Silicon Valley. We’re all Detroit. Detroit is simply a few decades ahead of every other city. Detroit started this car centric development pattern where everyone lives on the edge (suburbs) and drives to and from work everyday in a private car. Detroit was the first to get rid of their railway transit system, widen roads, demolish public buildings for parking lots etc. When the utility and infrastructure bills came due, it happened slowly and then all at once. Which bankrupted the once proud Motor City. We built very beautiful and functional cities and streetcar suburbs without so much zoning codes, regulations, ordinances, committed etc. After trillions of dollars and multiple regulatory committees later, the best we can build is half occupied buildings and empty parking lots? It’s a joke.
1
@sarahann530 Oh, it’s going to get worse before it gets any better. Lol, yeah sure, I’m totally homeless. XD
1
@sarahann530 Okay, if that’s what you want to assume.
1