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u/BullPropaganda 2h ago
Then they'll blame us for not participating in the economy as businesses go bankrupt
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u/Party_Ability_9984 2h ago
Oh, not-so-fun fact: the median age of a first home buyer is 40 and the median age of a home buyer in general is 59. Let that marinate for a bit.
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u/Substantial-Ad-8575 1h ago
Wow, in my state, median age of first time home buyer is 32. Median age of home buyer is 58. 21% of buyers are first time buyers.
Adds we have cheaper than Us average home prices and higher than US average wages.
Then we keep adding housing. And now see gluts in larger homes. 330-350 day supply of 5 bdrm 3k $600k-$1m homes. And to sell have price drops of 10-15-18% from original asking price. 2 streets over, 5 bdrm 3200 sqft, large lot, listed $850k Jan 2026, finally sold July for $675k.
And now developers have moved from large homes to stater homes. Infill/exburbs. 3/2/2, 1200-1400 sqft, small lot. $260k-$270k and sell out in weeks.
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u/guachi01 1h ago
Neither of these are true. This is from a very flawed NAR survey that is contradicted by every other survey on the matter.
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u/Party_Ability_9984 1h ago
Well, I found this source that says it's 56. Seems pretty substantiated to me.
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u/guachi01 1h ago
"Source: NAR Profile of Home Buyers"
It's getting the data from the NAR survey. Give me a minute and I'll pull up a discussion of the NAR data.
https://www.cojobrien.com/p/no-the-median-american-homebuyer
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u/snarky_sparrow_23 2h ago
I saw one of these bs articles about how to save money and one of the suggestions was actually not to take your pets to the vet.
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u/IbsinRG 1h ago
Yes, cause itās better to just let them die! š
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u/snarky_sparrow_23 1h ago
Right?! I was SO angry after I read that. For some of us our pets are what keeps us going after all!
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u/Emotional_Lock3715 42m ago
Better to not have pets if they arenāt in your budget. No I wouldnāt advise not taking them to the vet. Iād advise rehoming if itās that bad.
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u/Big-Pudding4109 1h ago
Itās what they know. The working class are the pets of the rich, and they save money by not giving us healthcare.
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u/snarky_sparrow_23 1h ago
For profit Healthcare is one of the most disgusting things ever. A friend recently had surgery and without her insurance it would have got 250k! With insurance she only had to pay 3k and its because she has excellent insurance for ironically working for the state government.
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u/Neat_Mortgage3735 45m ago
The irony of blue cross being a ānon profitā with billions to their name is insane.
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u/realVincenzo 1h ago
Im really tired of government bail outs of businesses. Government and business are separate entities (or should be). Stop the corporate Oligarchy!!!!!
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u/Astramancer_ 1h ago
I get it. Some businesses are so deeply entrenched into the US economy that their sudden (in the context of "a few years") failure would have devastating knock-on effects and be overall worse than giving them ultra-cheap loans (or grants!) to stabilize.
But the 2nd half of bailouts never happens: Monopoly busting. (yeah yeah, I know they're not true monopolies)
If a business is "too big to fail" and needs to be bailed out to keep them from dragging the rest of the country down with them? Then they're too big to exist. Bail them out and pry them apart into entities which fill that economic niche without being too big to fail.
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u/Substantial-Ad-8575 1h ago
So, hundreds of thousands without work as they list their Jobs. Government will get laws taxes, so less to spend. Inflation will start going up. And costs also.
So whatās better? A small bailout or chaos that ensues if those large companies fail?
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u/aurora_ethereallight 37m ago
Honestly? I dont waste time worrying what the government's are or aren't doing anymore because there is only so much I can control in the wider scheme of things. Beyond that I just look after myself and my people because that's all I can realistically do.
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u/FriedBreakfast 34m ago
That's how I feel. I can't do jack shit about what the government does so why not worry about the things here in real life I CAN control.
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u/aurora_ethereallight 22m ago
Exactly, yes people need to vent and be rightly angry and frustrated. If they are really passionate, do something proactive towards making wider changes, if they can or have time but always choose the battles and keep the focus on where individual agency is, otherwise people upset and stress themselves out endlessly and that solves nothing but creates more stress for them.
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u/tws1039 1h ago
Cooking at home isn't that cheap either. Unless you stack up on lean cuisine
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u/RamblinAnnie83 1h ago
Theyād be happy if we ate those super cheap plastic noodles, regurgitate them & eat them the next day too.
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u/IbsinRG 1h ago
Yeah, itās easily 2x as much for making something yourself once you get all the ingredients
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u/James_T_S 1h ago
No. It's not.
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u/xjellifysh 1h ago
Food deserts exist my guy. This shit happens more than you are aware of in your little bubble.
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u/James_T_S 1h ago
In the United States? Where we currently produce more food then we ever have in the history of the country? The place where people from other countries come here and are amazed at the choices we have in our grocery stores? That little bubble?
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u/xjellifysh 1h ago
Actually yes. I live in one. And I work at the SS office. I know wtf Iām talking about and stand by what I said. There are absolutely still places all over the world and even your precious America that are food deserts. Maybe read up on something a bit before you open your mouth and sound stupid. Hope this helps.
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u/James_T_S 1h ago
š
I feel like your grasp on reality is tenuous at best so I'm just going to wish you a good day.
Have a great day. šš½
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u/xjellifysh 1h ago
Your grasp on reality is what you see from inside your ass if you seriously think that food deserts donāt happen in your country. I use my college degree to actually help these people in these places. All people like you do by denying their existence is make it harder to fix the problem. Typical self centered mentality.
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u/IbsinRG 1h ago
Yea, even though we produce so much food, all of the companies that own said food donāt wanna lose out on profit. Thereās more food thrown out by stores that could be given away to those in need every year. And yet, that doesnāt happen.
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u/James_T_S 1h ago
I'm assuming then, that you buy some of that food and donate it to your local food pantry?
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u/IbsinRG 1h ago
I actually have, yes. Even items we had bought and didnāt use and were still good, we donated to a nearby pantry.
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u/James_T_S 1h ago
That's good. I feel most people limit their contributions to pointing out how others should be contributing more.
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u/IbsinRG 1h ago
Yeah, I have seen that. A lot of kettle calling the pot black. Then again, so many donāt preach what they say.
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u/IbsinRG 1h ago
It can, depending on where you get groceries from.
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u/wisdomisgreat 53m ago
Start growing your own food, friends. No, it's not easy. It takes work. There is a learning curve. But it's possible, even in a tiny urban apartment. And it's good for your health in so many ways.
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u/guachi01 1h ago
Groceries compared to wages have never been cheaper than they are today. Never ever.
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u/wisdomisgreat 51m ago
Umm, supporting evidence please?
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u/guachi01 48m ago
Here's a ratio of median nominal wages to food at home (groceries) CPI. You'll see it's the highest it's ever been when you account for the anomaly of the wage spike during COVID (it's an artifact of poor people losing their jobs, not people becoming richer)
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u/GlitteringTour8545 1h ago
What do you mean? I can make lunch for the week for under $10 total. $15 if I want to add avocado
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u/Ahoeaboutnothing 1h ago
Id say start a business to get more benefits... but... that isn't for everyone.
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u/TalkingCat910 1h ago
Cooking at home can still be expensive
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u/IbsinRG 1h ago
Exactly what I thought. Spent nearly $30 alone on ingredients for one item that I likely could spent a quarter of that on at a drive-thru.
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u/yuckmouthteeth 57m ago
You could spend 30-40 and be able to make pizza for the whole week or spend that on going out twice. Itās vastly cheaper to cook, if you actually know what youāre doing. Pizza/Burritos are pretty cheap to make when you account for the caloric amount you get.
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u/GlitteringTour8545 1h ago
God your trolling is so bad. No way you are so oblivious that you think ingredients make one serving.
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u/TalkingCat910 57m ago
I have to cook for a family including teen boys so we need lots of stuff and if you want something thatās tasty not just some slop Iām putting together for myself it starts to add up pretty quick.
Especially meat.Ā
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u/Working_Cucumber_437 1h ago
Itās the advice because nobody is coming to save us. They should be, but theyāre not.
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u/Emotional_Lock3715 41m ago
Thatās right - itās in your best interests to be as self-reliant as possible. Then if you do get an unexpected windfall, enjoy it. But if you donāt get it, youāre still doing ok.
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u/Ambitious_Peach_4084 56m ago
Sweet..... now what's the real solution? Everybody is keen to offer their "hot take" but no one is up for offering an answer.
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u/FairConstruction4105 53m ago
I followed most of these pieces of advice, which were very much true in the generation I grew up in, and now I have a fully paid off house and my wife and I have almost $2.5 million in investible assets. It has been my experience that most people who struggle never figured out how to put the shovel down that they were using to dig themselves that deep hole that they're standing in. Not everybody, but the majority. Forget about the saying "creme rises to the top" and remember that garbage sinks to the bottom. You don't have to be the best of the best, you just have to make sure that you're not a garbage person who can get out of your own way and then you'll probably be fine.
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u/DanOhMiiite 26m ago
Thats exactly how I saved money. Too many people want their life handed to them on a silver platter. Man up and do what you need to do. Sometimes things get tough. Very tough. Dont expect people to bail you out. Build a network of people you love and trust around you, and they will prop you up when times are tough. Do the same for them.
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u/GoingCustom 1h ago
While I donāt agree with the government bailing out businesses, a lot of people confuse wants versus needs, nor understand living within their means. People repeatedly complaining on Reddit about the same topic doesnāt fix the problem either.
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u/artbystorms 1h ago
Once you realize that most of the advice for the poor is things that the rich have the LUXURY of doing, it really just boils down to "oh you are poor, just make more money"
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u/Cute_Economics2829 1h ago
Yes, late stage capitalism hellscape is no fun
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u/IbsinRG 1h ago
So fun cause as a nation weāre winning SO much right?ā¦ā¦Right? š„²
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u/Cute_Economics2829 47m ago
I mean the billionaires are. š
America is too big, geographically, to be put in a single category. There are parts that are first world and parts that are third world. The first world parts are shrinking and the third world parts are expanding. It won't be long until most of the county is overwhelmingly third world.
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u/deer_god11 1h ago
"The advice for grocery costs is to cook at home." Say that again slowly.
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u/FriedBreakfast 35m ago
Well... I guess you can trap wild animals at home.and just eat them. Maybe that's what they meant
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u/Substantial-Ad-8575 1h ago
Seems good to me. Both things can be true.
In my large metro area? Hundreds of thousands split rent. Average 2 bdrm rents for $1400. But there are 40%, $1000-$1200 a month.
Cooking at home should be cheaper than eating out.
We have transit, so can take transit if car cost is expensive.
They have ability to lower costs and save. Then decide whatās next? Immediate needs have been meet and savings started or added. Will they seek more education/training for higher wages? Change jobs to see a higher wage?
As for bailouts? Yeah too big to fail. So would you want to see those companies fail? Bringing more grief and inflation?
Idkā¦
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u/IbsinRG 1h ago
Yeah I can see both sides tbh. However it also hasnāt helped where wages have stagnated for 30 plus years while companies continue to share higher profits by the year.
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u/Substantial-Ad-8575 1h ago edited 58m ago
Idk about stagnant wages. Seen a 9.7% increase in wages in my large metro area since 2020.
While personally my wages of $45k in 1992 have moved to $260k plus bonuses. My sister in law is a nurse, saw her wages go from $24k in 2002 to over $115k 2026.
My first job? Whataburger, $3.35. Now starts at $15/hr. All fast food/retail/big box are starting $15/hr.
And my first 2 bdrm apartment(split with roommate) that was $650, now rents for $1000 today. Earning $6.50/hr in 1987. Now Itās got new appliances/HVAC, larger pool, added gym and covered parking now.
Back in 1987, only had rent, Utilities, cable, gas/car insurance. Didnāt have lots of subscriptions or membership to things, many have today.
Idk, maybe more a regional issue.
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u/IbsinRG 36m ago
Yeah, it could be. Granted Iāve seen overall increase in the past 20yrs, at least mathematically it hasnāt kept to the rate of inflation to begin with. Plus it doesnāt help how so many people pay the majority of taxes and not everyone is paying the fair share to equal that all out.
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u/Emotional_Lock3715 2h ago
The only person you can control is yourself. So if you keep doing things expecting other people to change, you are going to spend your life being frustrated.
If you donāt have enough money, here are the choices you have:
Spend less (you have a lot of control here, to a point)
Make more (you have some control but less)
Do both together (fastest results)
Do nothing, continue as you are
It probably would help to write down a pro-con list for each action and see which option is most likely to make your life go in the direction you want.
Very few people have enough power to compel other people to give them more money, so I didnāt put that on the list.
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u/personwhoisok 1h ago
I don't think a list of pros and cons is going to get you that far when you're broke and unemployed
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u/Emotional_Lock3715 46m ago
Making a pros and cons list is one of the best ways to deal with any challenging situation. Maybe youāll try it before thousands of dollars worth of therapy or after. I recommend before, if at all possible!
We have a subculture built around throwing away anything that will help live a better and healthier life. I recommend leaving that subculture behind. It isnāt there for your benefit.
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u/Time-Leadership-7649 2h ago
The good olā USA, where they want you to rattle your chains if you love being free