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Uberen on scored.co
1 year ago0 points(+0/-0)1 child
My parents bought our family home in the early 1980s at 30% interest. They couldn't afford it even though my dad was an engineer, and he was making as much money as lawyers and doctors and dentists. They were sinking and losing net wealth while giving birth to their 6th-8th kids. He couldn't even get raises while inflation soared past 20% under Carter and the early Reagan years.
I remember the first real Christmas present I got in 1984 - a transformer. My dad was able to finally buy us kids gifts for Christmas. He said something like he finally felt like we might not grow up poor.
Again - you guys think life sucks because 2016-2020 was so good. Go back in time and 2020-2024 wasn't that bad.
One other note: my dad told me he had been working in his engineer career for years before he felt comfortable buying a Diet Coke every lunch. He has been saving every penny until he finally felt like he could afford such a luxury.
Your story is not believable. 30% interest on a mortgage? Engineer making as much money as doctors?
You're also delusional. I don't think the economy is bad now because "2016-2020 was so good". I think it's bad because it seemed comparatively good throughout my childhood, teens, and early 20s (so I'm talking 90s, 2000s, early 2010s). And sure you could say as a kid I didn't have a good grasp on the economy. But I grew up in a four bedroom house in the suburbs with a stay at home mom and a dad making slightly above the average American salary, and dozens of families in the same neighborhood in the same situation. We always had birthday gifts, Christmas gifts, parties, ate out periodically, went on vacations, etc. And when younger families would move into the neighborhood, with couples that were only maybe 10 years older than me, they were living that exact same life. But by the mid 2010s it wasn't really happening anymore. I skipped college, but many of my peers who went came back without good job prospects. The ones who did get "good" jobs could barely afford to move out. I was only able to afford to move out because I worked my ass off doing overtime and avoided spending money on anything. I saved for nearly 10 years hoping to be able to buy a house, but ended up ditching a quarter of my savings on a minimalist wedding. I could have easily spent half of my savings if I wanted the kind of wedding our families expected us to have. That was a few years ago and since then, inflation has gotten so bad and wages have been so stagnant that I haven't even been able to re-save that money. My savings have been stagnant for over 3 years. I have a son now and we still can't afford to buy a house, any house, even if my wife is working, because the cost of homes has gone up so much and the few affordable homes have 20 offers over asking that outbid us. I simply don't understand how you can be so blind as to not see how fucked the job market and cost of living is now.
I remember the first real Christmas present I got in 1984 - a transformer. My dad was able to finally buy us kids gifts for Christmas. He said something like he finally felt like we might not grow up poor.
Again - you guys think life sucks because 2016-2020 was so good. Go back in time and 2020-2024 wasn't that bad.
One other note: my dad told me he had been working in his engineer career for years before he felt comfortable buying a Diet Coke every lunch. He has been saving every penny until he finally felt like he could afford such a luxury.
Diet Coke. A luxury.
You're also delusional. I don't think the economy is bad now because "2016-2020 was so good". I think it's bad because it seemed comparatively good throughout my childhood, teens, and early 20s (so I'm talking 90s, 2000s, early 2010s). And sure you could say as a kid I didn't have a good grasp on the economy. But I grew up in a four bedroom house in the suburbs with a stay at home mom and a dad making slightly above the average American salary, and dozens of families in the same neighborhood in the same situation. We always had birthday gifts, Christmas gifts, parties, ate out periodically, went on vacations, etc. And when younger families would move into the neighborhood, with couples that were only maybe 10 years older than me, they were living that exact same life. But by the mid 2010s it wasn't really happening anymore. I skipped college, but many of my peers who went came back without good job prospects. The ones who did get "good" jobs could barely afford to move out. I was only able to afford to move out because I worked my ass off doing overtime and avoided spending money on anything. I saved for nearly 10 years hoping to be able to buy a house, but ended up ditching a quarter of my savings on a minimalist wedding. I could have easily spent half of my savings if I wanted the kind of wedding our families expected us to have. That was a few years ago and since then, inflation has gotten so bad and wages have been so stagnant that I haven't even been able to re-save that money. My savings have been stagnant for over 3 years. I have a son now and we still can't afford to buy a house, any house, even if my wife is working, because the cost of homes has gone up so much and the few affordable homes have 20 offers over asking that outbid us. I simply don't understand how you can be so blind as to not see how fucked the job market and cost of living is now.