"Making a million bucks is easy, bruh. You just gotta hustle, bruh!"
Now imagine MILLIONS of young people constantly seeing others driving Lambos and vacationing in Dubai while they can hardly save a dime to move out of their parents house. What effect do you think that's having on an ENTIRE generation of Americans?
To be honest, if you consider how house prices increased is not that hard to become a millionaire. Got an ex-coleague, he had an apartment in Boston and sold it and bought a house in a suburb. Then sold that house, bought another a bit further away and then sold that one and bought another house even further away he has a million easy. Still had to have the apartment to start with and he was smart enough to capitalize on the the house prices boom.
I don't know how anyone can afford to buy new houses now. Even in my area the price of houses is insanely high.
The real trick is buy raw land and building a house on it.
The problem? Banks never, EVER want to lend money for raw land. They just don't. I had to jump through hoops to get the land I bought - going to a bank specifically designed for it, and even then, they have a lower limit on acreage.
That gets into a whole other can of worms, because then, technically the bank is building a house on your land. As in, they can pause/stop construction by the simple method of cancelling the "drops" and not paying the contractors.
I can get onto Zillow right now and find house all across the country for $200k or less. The key? They are in small towns in the mid west. Wyoming, North & South Dakota, Nebraska, all in towns 40k and smaller.
So, if (I fully realize that is a BIG if) you can make that work, there are plenty of places to buy houses that are still affordable.
Where I live the avg price is $400k or so, but there are houses around me selling for $300k and lower. What you get is a smaller house that needs work, either due to disrepair, or is outdated and needs a remodel.
We tell the youth they need to move halfway across the country to live in a small town to have any hope of affording a house, while their tax dollars subsidize housing an endless horde of workers in the cities which became too expensive for them to afford.
No wonder more and more of them want to burn the whole thing to the ground.
Those are almost exclusively rust belt towns, towns that have been largely abandoned by the wider world, where the mean wage is much lower, which is why the housing prices are lower. If you buy a house there, and wish to make the same wage you make in a city or suburb, where house prices are much higher, you'll have to commute several hours to your job. I suppose the only exceptions would be if you can work from home, or you're an independent trucker (which would still require longer travel times to get to where most of the shipping is done).
The key? They are in small towns in the mid west. Wyoming, North & South Dakota, Nebraska, all in towns 40k and smaller.
Shhhhh, don't let them know about those places! Not like they would move there anyways because people don't want to make the sacrifices of living in BFN. They just love the hustle and bustle of the big city!
Somewhere between Rust-belt abandonland and those resort towns is what I need.
I want to live somewhere that is actually desirable to live but without too many people. Kind of a tall order.
Now if you want to talk about what hte boomers had that we don't... that's one thing. You could move to, like, California to get some extra room when the Midwest was too crowded.
I’ve got a couple houses I rent out a smaller town in the South. Both still worth just under $200k. Not fixer uppers. It’s a big enough place that unless you’re in something specialized you could find work. Boring place that’s never going to seem trendy, but it’s fine to raise a family. I’ve got a cousin there in his 20s, wife, young kid, new house. Average non exotic jobs. I’ve seen jobs there a fit for me, probably a bit overqualified, I just really don’t want to live there, already have a job and house, etc. I’m in my 40s and have already been down that road. It worked out too.
Where I live now it’s like yours closer to 400k. Have an upper 20s friend with wife and kid doing okay-ish. Definitely a lot tighter on the budget. He’s also just now getting to the point of “maybe I should learn something useful.” Very much a product of the “follow your passion” culture who’s passion is unmarketable and instead works in a warehouse.
If you can get in at the right market cycle and then flip assets, sure. But where are you living and how are you feeding yourself in between then? How are you hedging against market bubbles? You can't. Flipping assets is a thing, but very risky and not possible for everyone.
Learned helplessness is the behavior exhibited by a subject after enduring repeated aversive stimuli beyond their control.
I listened to the full video.
The take home message at the end was more feminist BS: girls are socially conditioned to be quiet and not show anger. They are oppressed by conformity.
Control Group: "tab", "lemon", and "cinerama"
Test Group: "whirl", "slapstick", and "cinerama"
Their claim is how many people in each group get "American" on the third one is primed by how solvable the two before it are.
It's actually demonstrating the opposite of what OP intended. I think we were supposed to take away "they weren't given the same chance!" The study is saying that for the third word, both groups had an equal chance at solving it but one group gave up because of prior setbacks. Millennials fail a couple of times and then give up on everything?
"Pull yourself up by your bootstraps".
I know a guy, diagnosed with a learning impairment at a young age, started working for a farmer in high school, learned a skill from him (farmers have all kinds of skills), went to community college to improve that skill, had various jobs doing construction or demolition, they trained him to operate heavy equipment. He is now making $40/hr, more if he is willing to go bigger, and can't even buy alcohol yet.
So for all those saying it can not be done... YES IT CAN. But it does not happen overnight; it takes willingness to be a servant for a time, motivation to learn and take responsibility, and a vision for what you can do. Attitude makes a huge difference.
I know multiple stories of people working fast food, put in the leadership/manager track. Once you have established manager experience, you can go a lot of places and move up easily.
The key component missing from many young men is mentorship. Older men have been driven out and often favor women (mostly horny SIMPs) for mentorship so its difficult for young men to gain skills as nobody offers them guidance.
That's the real answer. I could make a decent list of success stories that I know personally across about any age up to my own (low 40s). Common factor? All had their dads around as well as other positive male influences.
I think it's partly why I'm biased towards the positive side, as most of these examples are friends and family's kids, and I'm really only friends with men. So by default it's kids of men that are still around and have other men around. Most of them love me because I treat them with respect even when they are young, because that's how the men around my dad and grandad did me when I was a kid. That being another factor too, those same people are the ones that can get someone in the door. Having a network is more important than anything, because we all know we aren't getting past an AI automated HR system.
Yes a network is an important factor. For instance, my dad is successful making money but has zero professional network as his industry now relies on massive bureaucracy to gain employment in. In other words, he can't understand why the only staff he gets now are dei hires and it's useless for a white guy like me to apply.
The biggest issue facing young white men is a lack of guidance and leadership. And often its their own dads and family/friends that aren't helping them, like for example sending them to college and debt, and offering advice for a world that doesn't exist. Men have failed hard in the west, because while they were off making money, their enemy destroyed the home they left unattended.
The problem is that this guy got an opportunity. These days if you aren't an immigrant from the in-group preference ethnicities you are going to be expected to be perfect and even then they'll replace you with someone who admits they have zero experience in the field and there's not a damn thing you can do about it.
I have 5 years of experience in medicine and teaching and not only can I not get a nursing job anywhere despite the apparent "shortage" but I was replaced at a medical teaching job with a lady whose only experience was scheduling. They also kept trying to fill these teaching positions with minorities despite them never lasting for more than a few months because they sucked at their jobs or left.
How are people today going to do well if they go to school and the teaching is shit. They go to the workplace and the management is shit and won't hire actual talent or experienced individuals and rarely give chances to people that do have those. It's great that you acquaintance managed to get success but it seems more luck that he avoided DEI mandated pitfalls than because he kept trying. DEI has vaporized most people's reasons for continuing to try since you can try as hard as you can... they still want you replaced with their in-group ethnicity.
How many years of working at $40/hr would be required to buy a median house where this guy lives? Because ultimately the dollar amount matters less than the purchasing power.
An experiment I did the other day I found very informative was to "forward-test" my early 20s to see if what I did then would pencil out today. I inflation-adjusted what I made at the time and looked at present market values for apartments I lived in and houses I owned to determine if I could have made it all work today. And I found I couldn't, and it wasn't even close.
After that little experiment I decided I'm completely unqualified to give someone currently in their early 20s advice on what to do.
When I was in my 20s, I watched the next "class" after me get destroyed by the 2008 recession. I don't know if this was accurate, but it felt very sharp. On one side was me, doing the things you would expect but doing "well" at them. Meanwhile the next gen trying to do the same thing would be unable to get a job. Thus making it very difficult to get started.
At the same time, a house in California was already pushing a million dollars, so I knew what the score was. In that respect, we were both screwed.
Most of the people I knew who were crushed in '08 were in their early 30s. More expensive than us young guys, with families which made their financial situation less flexible.
The problem is that most of the people who say things like "pull up by bootstraps" are the ones who made such a choice impossible.
Like, you should absolutely not sit around crying and get to work to improve your lot in life. But at the same time, we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
So handwaving it off as "just not wanting to work" is ignoring just how bad the situation has gotten for most younger people and no amount of "hard work" can fix the economy and its various failing sectors. And not in a "not everyone will be rich" sense, but in a basic, decent living just isn't possible for huge swaths of people through no fault of their own.
From owning a home to even raising their own children proper, the cost has gotten so high that you cannot work enough hours to get the quality of life that used to just be a given for guys who'd work only a 9-5.
Even worse, the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
I think this is the worst part. Why "pull up by bootstraps" when the best you can hope is paying rent in a crappy apartment and a shallow life.
I wish this would open people up to the idea that massive govt spending just weakens the dollar even more. But you are right and you pretty much need a side gig or more today. Not sure what the solution is without something drastic that will hurt in the short term but be better in the long term.
Most of the people saying it also see no problem importing a limitless horde of workers from the Global South and think Miguel who crossed the border last week and mows their lawn every week is a "better American" than you.
The people saying it are usually the ones who made sure it doesn't fucking work anymore. They sold out a country and world where that worked for more hedonistic retirements.
the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
That's still not what's creating the situation of not being able to own a home.
To me, that is simply way more people and the same amount of space in places where people want to live. The perceived changes in where people want to live are cosmetic compared to the increase in population. hence, why California grows despite people fleeing it.
Essentially, immigration, because our population isn't growing itself exponentially.
I was hoping that a decentralization from downtowns would alleviate some of our problems (traffic). However, it's more like the airline business going from hub and spoke to point-to-point flights. People don't go downtown, but they sure do love commuting from one side of town to another suburb.
It’s better than sitting around blaming things like systemic racism or whatever trendy oppression is popular today.
People who do that aren't even trying. The rest of the population is up against the numbers of record inflation, a ballooning housing market, with strained inventory due to the aforementioned and higher populations, and decades-long wage stagnation contrasted with a widening wealth gap. That cost of everything is running away and wages are NOT keeping up. One can only pull on those boot straps so hard before they snap.
I don't know anyone who cries about "tEh sYstEM" but this economy is absolutely fucked. I know established professionals who are selling their toys and downgrading their wives into cheaper leases. They all see a bubble bursting soon and are battening down the hatches now. When the guys who are "tEh sYstEM" are tightening their belts, that isn't abstract, it's not hypothetical.
No arguments. Unfettered immigration and rising inflation has made it to where you pretty much have to have a side gig if not more besides your main job. I still live in an apartment. Inflation keeps rising but more money printing just makes it worse. Interesting how the dollar has been losing value ever since the federal reserve came to being. I think there will always be a wealth gap to some degree but I understand what you are saying. Working hard is never a bad thing but there are a lot of factors out there today working against us
"Taxes are to keep you from saving money. Inflation is for eroding the money you mange to keep. They're all tools for keeping us poor."
I didn't take it seriously, but it really does seem like that only way to save money while not being invested in this bullshit Boom/ Bust "economy" is to buy gold. You can't stash cash without it losing value quick, but gold is stable. And don't you fucking mention crypto or I'll build a Terminator to find you. "Wrong!" 😎
the only thing with gold is how do you liquidate it? the only places to buy are selling at over market value, and the only places to sell it are buying at under market value. it seems like there needs to be a catastrophic swing in value in order for the investment to be worth it.
Yeah, in a lot of ways it seems like a scam to make dealers money. I have a small amount of silver. All well known minted coins, so pretty much the easiest to trade, authenticate, etc. You're stuck buying at a premium and selling at a discount. Silver is up 20% since I bought most of it and I'm probably breaking even if I sold them now.
Gold isn't an investment; it's a hedge. You keep gold and silver on the off-chance that your fiat currency of choice becomes devalued into worthlessness and you need something to make purchases with other than wheelbarrows of paper.
I think I understand. I'm skeptical of the idea that people would barter with gold at the local level, more likely it would be with food, water, and fuel. that said, I can see the argument of using gold to buy into whatever new currency pops up, or any existing currency that is being accepted.
Not only prices are up but housing prices are disproportionately rising. I was shocked that the house I bought back in 2015 has doubled in price by 2018 and it keeps on increasing. As an idea, today I can't afford a house in my area and I make a decent amount of money.
I know a mortgage broker. He jokes that the only affordable way to buy a house is to pick the land you want and then burn down the house that's already on it. Now look at CA. Now look at Newscum gleeing that "speculators" are already making offers to buy up the burnt land.
"Making a million bucks is easy, bruh. You just gotta hustle, bruh!"
Now imagine MILLIONS of young people constantly seeing others driving Lambos and vacationing in Dubai while they can hardly save a dime to move out of their parents house. What effect do you think that's having on an ENTIRE generation of Americans?
Full Video
And why does it always seem to be Muslims saying that?
I don't just mean Andrew Tate, I mean guys like this who flash their Rolexes and Ferraris in every photo.
"Yolo'd 99% of your net worth into a memecoin and it went to zero? GOOD. Now go MAKE MORE."
Saw another say that. He's gone now.
Dude, you linked to a parody account that tells guys to buy up cheap farm land in North Korea. It's a joke.
Yeah, the guy flashing Rolexes in many photos
owns six supercars including at least one Lambo
and lives in Dubai
is a parody
>"$200,000 meal"
>$20 Chinese headphones that have weights in them to make them feel less cheap
Are you sure it's not a parody?
To be honest, if you consider how house prices increased is not that hard to become a millionaire. Got an ex-coleague, he had an apartment in Boston and sold it and bought a house in a suburb. Then sold that house, bought another a bit further away and then sold that one and bought another house even further away he has a million easy. Still had to have the apartment to start with and he was smart enough to capitalize on the the house prices boom.
I don't know how anyone can afford to buy new houses now. Even in my area the price of houses is insanely high.
The real trick is buy raw land and building a house on it.
The problem? Banks never, EVER want to lend money for raw land. They just don't. I had to jump through hoops to get the land I bought - going to a bank specifically designed for it, and even then, they have a lower limit on acreage.
Shit is very, very fucked.
Gee, I wonder why bankers don't want White men to own land?
What if you pay cash for land and want a loan to build a house?
That gets into a whole other can of worms, because then, technically the bank is building a house on your land. As in, they can pause/stop construction by the simple method of cancelling the "drops" and not paying the contractors.
I can get onto Zillow right now and find house all across the country for $200k or less. The key? They are in small towns in the mid west. Wyoming, North & South Dakota, Nebraska, all in towns 40k and smaller.
So, if (I fully realize that is a BIG if) you can make that work, there are plenty of places to buy houses that are still affordable.
Where I live the avg price is $400k or so, but there are houses around me selling for $300k and lower. What you get is a smaller house that needs work, either due to disrepair, or is outdated and needs a remodel.
We tell the youth they need to move halfway across the country to live in a small town to have any hope of affording a house, while their tax dollars subsidize housing an endless horde of workers in the cities which became too expensive for them to afford.
No wonder more and more of them want to burn the whole thing to the ground.
Those are almost exclusively rust belt towns, towns that have been largely abandoned by the wider world, where the mean wage is much lower, which is why the housing prices are lower. If you buy a house there, and wish to make the same wage you make in a city or suburb, where house prices are much higher, you'll have to commute several hours to your job. I suppose the only exceptions would be if you can work from home, or you're an independent trucker (which would still require longer travel times to get to where most of the shipping is done).
Shhhhh, don't let them know about those places! Not like they would move there anyways because people don't want to make the sacrifices of living in BFN. They just love the hustle and bustle of the big city!
Somewhere between Rust-belt abandonland and those resort towns is what I need.
I want to live somewhere that is actually desirable to live but without too many people. Kind of a tall order.
Now if you want to talk about what hte boomers had that we don't... that's one thing. You could move to, like, California to get some extra room when the Midwest was too crowded.
I’ve got a couple houses I rent out a smaller town in the South. Both still worth just under $200k. Not fixer uppers. It’s a big enough place that unless you’re in something specialized you could find work. Boring place that’s never going to seem trendy, but it’s fine to raise a family. I’ve got a cousin there in his 20s, wife, young kid, new house. Average non exotic jobs. I’ve seen jobs there a fit for me, probably a bit overqualified, I just really don’t want to live there, already have a job and house, etc. I’m in my 40s and have already been down that road. It worked out too.
Where I live now it’s like yours closer to 400k. Have an upper 20s friend with wife and kid doing okay-ish. Definitely a lot tighter on the budget. He’s also just now getting to the point of “maybe I should learn something useful.” Very much a product of the “follow your passion” culture who’s passion is unmarketable and instead works in a warehouse.
If you can get in at the right market cycle and then flip assets, sure. But where are you living and how are you feeding yourself in between then? How are you hedging against market bubbles? You can't. Flipping assets is a thing, but very risky and not possible for everyone.
I'm talking about the work one does for living.
I listened to the full video.
The take home message at the end was more feminist BS: girls are socially conditioned to be quiet and not show anger. They are oppressed by conformity.
For those who were curious.
Their claim is how many people in each group get "American" on the third one is primed by how solvable the two before it are.
It's actually demonstrating the opposite of what OP intended. I think we were supposed to take away "they weren't given the same chance!" The study is saying that for the third word, both groups had an equal chance at solving it but one group gave up because of prior setbacks. Millennials fail a couple of times and then give up on everything?
"If at first you don't succeed, try again. Then quit. No use being a damn fool about it."
Groucho Marx
"Pull yourself up by your bootstraps".
I know a guy, diagnosed with a learning impairment at a young age, started working for a farmer in high school, learned a skill from him (farmers have all kinds of skills), went to community college to improve that skill, had various jobs doing construction or demolition, they trained him to operate heavy equipment. He is now making $40/hr, more if he is willing to go bigger, and can't even buy alcohol yet.
So for all those saying it can not be done... YES IT CAN. But it does not happen overnight; it takes willingness to be a servant for a time, motivation to learn and take responsibility, and a vision for what you can do. Attitude makes a huge difference.
I know multiple stories of people working fast food, put in the leadership/manager track. Once you have established manager experience, you can go a lot of places and move up easily.
The key component missing from many young men is mentorship. Older men have been driven out and often favor women (mostly horny SIMPs) for mentorship so its difficult for young men to gain skills as nobody offers them guidance.
That's the real answer. I could make a decent list of success stories that I know personally across about any age up to my own (low 40s). Common factor? All had their dads around as well as other positive male influences.
I think it's partly why I'm biased towards the positive side, as most of these examples are friends and family's kids, and I'm really only friends with men. So by default it's kids of men that are still around and have other men around. Most of them love me because I treat them with respect even when they are young, because that's how the men around my dad and grandad did me when I was a kid. That being another factor too, those same people are the ones that can get someone in the door. Having a network is more important than anything, because we all know we aren't getting past an AI automated HR system.
Yes a network is an important factor. For instance, my dad is successful making money but has zero professional network as his industry now relies on massive bureaucracy to gain employment in. In other words, he can't understand why the only staff he gets now are dei hires and it's useless for a white guy like me to apply.
The biggest issue facing young white men is a lack of guidance and leadership. And often its their own dads and family/friends that aren't helping them, like for example sending them to college and debt, and offering advice for a world that doesn't exist. Men have failed hard in the west, because while they were off making money, their enemy destroyed the home they left unattended.
The problem is that this guy got an opportunity. These days if you aren't an immigrant from the in-group preference ethnicities you are going to be expected to be perfect and even then they'll replace you with someone who admits they have zero experience in the field and there's not a damn thing you can do about it.
I have 5 years of experience in medicine and teaching and not only can I not get a nursing job anywhere despite the apparent "shortage" but I was replaced at a medical teaching job with a lady whose only experience was scheduling. They also kept trying to fill these teaching positions with minorities despite them never lasting for more than a few months because they sucked at their jobs or left.
How are people today going to do well if they go to school and the teaching is shit. They go to the workplace and the management is shit and won't hire actual talent or experienced individuals and rarely give chances to people that do have those. It's great that you acquaintance managed to get success but it seems more luck that he avoided DEI mandated pitfalls than because he kept trying. DEI has vaporized most people's reasons for continuing to try since you can try as hard as you can... they still want you replaced with their in-group ethnicity.
How are the chances now if you are a cis huwite male, all entry level manual labor jobs are given to Mexicans and blacks, tech jobs given to pajeets.
How many years of working at $40/hr would be required to buy a median house where this guy lives? Because ultimately the dollar amount matters less than the purchasing power.
An experiment I did the other day I found very informative was to "forward-test" my early 20s to see if what I did then would pencil out today. I inflation-adjusted what I made at the time and looked at present market values for apartments I lived in and houses I owned to determine if I could have made it all work today. And I found I couldn't, and it wasn't even close.
After that little experiment I decided I'm completely unqualified to give someone currently in their early 20s advice on what to do.
When I was in my 20s, I watched the next "class" after me get destroyed by the 2008 recession. I don't know if this was accurate, but it felt very sharp. On one side was me, doing the things you would expect but doing "well" at them. Meanwhile the next gen trying to do the same thing would be unable to get a job. Thus making it very difficult to get started.
At the same time, a house in California was already pushing a million dollars, so I knew what the score was. In that respect, we were both screwed.
Most of the people I knew who were crushed in '08 were in their early 30s. More expensive than us young guys, with families which made their financial situation less flexible.
But what if I want to be mad more than I want to be successful. Can't I just bitch on the internet forever?
The problem is that most of the people who say things like "pull up by bootstraps" are the ones who made such a choice impossible.
Like, you should absolutely not sit around crying and get to work to improve your lot in life. But at the same time, we can't just show up with a firm handshake and get a job that'll pay for a house, stay at home wife, and 3 kids and a yearly vacation like our grandfathers could.
So handwaving it off as "just not wanting to work" is ignoring just how bad the situation has gotten for most younger people and no amount of "hard work" can fix the economy and its various failing sectors. And not in a "not everyone will be rich" sense, but in a basic, decent living just isn't possible for huge swaths of people through no fault of their own.
From owning a home to even raising their own children proper, the cost has gotten so high that you cannot work enough hours to get the quality of life that used to just be a given for guys who'd work only a 9-5.
Even worse, the people who tell you to pull up by your bootstraps are usually the exact same demographic of people that made the situation so bad in the first place.
I think this is the worst part. Why "pull up by bootstraps" when the best you can hope is paying rent in a crappy apartment and a shallow life.
I wish this would open people up to the idea that massive govt spending just weakens the dollar even more. But you are right and you pretty much need a side gig or more today. Not sure what the solution is without something drastic that will hurt in the short term but be better in the long term.
Unfortunately, something drastic might be the only thing that could pull us from this downward spiral course.
Most of the people saying it also see no problem importing a limitless horde of workers from the Global South and think Miguel who crossed the border last week and mows their lawn every week is a "better American" than you.
Yeah therein really lies the problem.
The people saying it are usually the ones who made sure it doesn't fucking work anymore. They sold out a country and world where that worked for more hedonistic retirements.
I'm skeptical of this statement. Does the Federal Reserve really have that many employees?
Most people just don't appreciate how quickly losing 1-2% of the nation's wealth every year adds up to nobody being able to afford anything.
He is referring to all the old people sucking welfare dollars down at their children's expense.
That's still not what's creating the situation of not being able to own a home.
Welfare doesn't cause year-over-year compounded losses.
To me, that is simply way more people and the same amount of space in places where people want to live. The perceived changes in where people want to live are cosmetic compared to the increase in population. hence, why California grows despite people fleeing it.
Essentially, immigration, because our population isn't growing itself exponentially.
I was hoping that a decentralization from downtowns would alleviate some of our problems (traffic). However, it's more like the airline business going from hub and spoke to point-to-point flights. People don't go downtown, but they sure do love commuting from one side of town to another suburb.
Yes over bloated welfare debt spending creates a debt burden for younger generations that compounds. Its a basic concept.
People who do that aren't even trying. The rest of the population is up against the numbers of record inflation, a ballooning housing market, with strained inventory due to the aforementioned and higher populations, and decades-long wage stagnation contrasted with a widening wealth gap. That cost of everything is running away and wages are NOT keeping up. One can only pull on those boot straps so hard before they snap.
I don't know anyone who cries about "tEh sYstEM" but this economy is absolutely fucked. I know established professionals who are selling their toys and downgrading their wives into cheaper leases. They all see a bubble bursting soon and are battening down the hatches now. When the guys who are "tEh sYstEM" are tightening their belts, that isn't abstract, it's not hypothetical.
No arguments. Unfettered immigration and rising inflation has made it to where you pretty much have to have a side gig if not more besides your main job. I still live in an apartment. Inflation keeps rising but more money printing just makes it worse. Interesting how the dollar has been losing value ever since the federal reserve came to being. I think there will always be a wealth gap to some degree but I understand what you are saying. Working hard is never a bad thing but there are a lot of factors out there today working against us
"Taxes are to keep you from saving money. Inflation is for eroding the money you mange to keep. They're all tools for keeping us poor."
I didn't take it seriously, but it really does seem like that only way to save money while not being invested in this bullshit Boom/ Bust "economy" is to buy gold. You can't stash cash without it losing value quick, but gold is stable. And don't you fucking mention crypto or I'll build a Terminator to find you. "Wrong!" 😎
Buying,storing then selling it again is the problem with gold.
the only thing with gold is how do you liquidate it? the only places to buy are selling at over market value, and the only places to sell it are buying at under market value. it seems like there needs to be a catastrophic swing in value in order for the investment to be worth it.
Yeah, in a lot of ways it seems like a scam to make dealers money. I have a small amount of silver. All well known minted coins, so pretty much the easiest to trade, authenticate, etc. You're stuck buying at a premium and selling at a discount. Silver is up 20% since I bought most of it and I'm probably breaking even if I sold them now.
Gold isn't an investment; it's a hedge. You keep gold and silver on the off-chance that your fiat currency of choice becomes devalued into worthlessness and you need something to make purchases with other than wheelbarrows of paper.
Gold is money. Everything else is credit.
I think I understand. I'm skeptical of the idea that people would barter with gold at the local level, more likely it would be with food, water, and fuel. that said, I can see the argument of using gold to buy into whatever new currency pops up, or any existing currency that is being accepted.
Not only prices are up but housing prices are disproportionately rising. I was shocked that the house I bought back in 2015 has doubled in price by 2018 and it keeps on increasing. As an idea, today I can't afford a house in my area and I make a decent amount of money.
I know a mortgage broker. He jokes that the only affordable way to buy a house is to pick the land you want and then burn down the house that's already on it. Now look at CA. Now look at Newscum gleeing that "speculators" are already making offers to buy up the burnt land.