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@Mocktailmetal

13 күн бұрын

Something's not correct about this video, the youtuber of this video is talking about the digital nomads who are in IT, tech sectors. Last time when I checked, all the IT, tech companies are calling people back to office, and whoever is defying is getting boot! Also, the percentage of these 'digital nomads' are very low to almost nullable/negligible compared to rest of population. Most of core industry people still have to go to work to see how machining/fabrication of part is working. Or if you are a burger flipper then defiantly you have to be their since robots are yet to takeover.

@rossturner3650

13 күн бұрын

Just so you know youtube unsubscribed me from your channel! Outrageous!

@Mr.Autodelete

13 күн бұрын

Easy to write this in yalls home right? “Sorry kids the houses were for us not you but no don’t give up!” Pretty rough sell to me personally.

@hebozhe

13 күн бұрын

How much would I need to buy a family? I'll need to check the price tag on my wife and kid.

@MiggerPlease

13 күн бұрын

@@MocktailmetalI'm gay too buddy lol

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

@donna_martins

9 күн бұрын

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

@robert-1miller

9 күн бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@Trevor_Morrow_LTD

9 күн бұрын

that’s some interesting numbers, mind revealing this person guding you ? he/she must be a seasoned advisor

@robert-1miller

9 күн бұрын

Vivian Jean Wilhelm is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment.

@Trevor_Morrow_LTD

9 күн бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

When having a child is considered a luxury, you know you've fucked up.

@axel3689

13 күн бұрын

Yeah, when the literal biological purpose of humans is a "luxury" I think fuck capitalism and let's revert everything to the primal state man. Just so fucking tired of these Uber rich motherfuckers content on working 23 hours per day and the mfers jealous of them eating mcdonalds everyday.

@rustym.shackelford5546

13 күн бұрын

Actually, that's when you learn that you gotta leave your sheiße höle of a country...

@ratsock

13 күн бұрын

Literally the whole purpose of existence of every life form on the planet is now a luxury….

@xman7695

13 күн бұрын

​@@rustym.shackelford5546The comment is what I've been hearing from many people in Europe (Germany in my case) and what we've seen in Europe and Asia. The US still has a better replacement rate than both if I remember correctly.

@eldrago19

13 күн бұрын

​@@xman7695🤷 we're all in crisis because we've all been messed up by the super wealthy. The sooner people realise it's a problem everywhere and start trying to fix it rather than thinking they can just run away, the better.

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@PatrickFitzgerald-cx6io

12 күн бұрын

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@foden700

12 күн бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@Pamela.jess.245

12 күн бұрын

How can I reach this person?

@foden700

12 күн бұрын

‘’Colleen Rose Mccaffery’ maintains an online presence. Just make a simple search for her name online.

@Pamela.jess.245

12 күн бұрын

I checked Colleen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@PhilipMurray251

6 күн бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@Patriciacraig599

6 күн бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@PhilipMurray251

6 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@Patriciacraig599

6 күн бұрын

Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@Christine-ce4xo

6 күн бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

Fifty seven years old. Started working at 14. Fell for the "dignity of hard work" BS. Generated enormous profits for decades for employers. Rewarded with stagnant wages, slashed benefits and a body that is scarred by a dozen injuries. Little wonder young people are not falling for the working hero mantra.

@princemc35

13 күн бұрын

I'm 19, no home, no income. Ask me how I survive

@TheRm65

13 күн бұрын

@@princemc35 Try doing a service job (e.g., dog walking, window washing, simple handyman-type work that doesn't require a lot of tools). Recently I had the use of a vehicle and picked up dog shit from suburban lawns: $20 each time, did three jobs an hour. Gross= $60 an hour and business was picking up (sorry, couldn't resist the pun). It's all about the hustle.

@princemc35

13 күн бұрын

@@TheRm65 Thanks for the advice But I had won a game of Roulette two days ago I grew my $100 to a lot I got kicked out for winning 5 times in a row 🥲 Then they only gave me $50,000

@Demmrir

13 күн бұрын

I feel like Gen X (like you) and younger all get it but it's still nice to hear it. But boomers are the ones in charge of the companies and the government regulating the companies and they just think everyone is lazy.

@bwofficial1776

13 күн бұрын

@@TheRm65 All of these people are going "woe is me, everything sucks and I'm not going to do anything about it." If you hustle, you can make it. Don't expect people to give handouts, seize them for yourself.

“It’s call the American Dream, because you have to be asleep to believe it.” - George Carlin.

@dowhatyouwill

13 күн бұрын

Came here to post this!

@WiseOwl_1408

13 күн бұрын

Like a Sheep​ @@dowhatyouwill

@carleonking1852

13 күн бұрын

Same ​@@dowhatyouwill

@JimmyJim13

13 күн бұрын

This quote is so overused that now it’s just corny.

@CaraMarie13

13 күн бұрын

It had to be someone. It might as well be you

People: can’t afford to have children or own homes Government: the nasdaq and GDP are at an all time high! We’re winning everyone the economy’s doing great!!!

@evilds3261

12 күн бұрын

Until the next great depression. Those rich people will be crying when their gains just vanish without "explanation."

@nattypatty3667

10 күн бұрын

The top 10% literally own 91% of the stocks. Nobody in the news or govt points this out...

@nwatson2773

10 күн бұрын

People killing themselves too. Govt: self-care

@sandermez3856

9 күн бұрын

in 1920s the stocks were also at an all time high...

@evilds3261

9 күн бұрын

@@sandermez3856 Yeah, the 1930s were depressing. Pride goes before the fall.

"...earns too much to qualify for any government benefits, but too little to actual afford what the benefits offset the cost of..." damn if that doesn't describe my life perfectly.

@skilltreegaming4055

12 күн бұрын

Earn too much to get low income housing, don't make enough to afford my own place without a roommate.

@vicvic2081

8 күн бұрын

That's called hell

@nomaderic

8 күн бұрын

Food stamps tells us we don't qualify because we have a car. If we sell the car we get the stamps. However if we sell the car how tf are we supposed to go to work or a anywhere

@jonnym4670

8 күн бұрын

@@nomaderic your allowed to have a car not many cars

@jonnym4670

8 күн бұрын

living on government benefits isn't a picnic

When literally giving life has become a luxury, something has gone horribly, HORRIBLY wrong.

@lmnzguy

13 күн бұрын

all according to plan

@HaggisMuncher-69-420

12 күн бұрын

THAT'S BIDENOMICS HAHAHAHAH

@makuru_dd3662

12 күн бұрын

Biden was only in office for 4 years now. No, ​@@HaggisMuncher-69-420 Biden couldn't be at fault for it, only for not addressing the problem.

@Nanook128

12 күн бұрын

​@@HaggisMuncher-69-420that's capitalism

@mjolnir_swe

12 күн бұрын

To be honest I wonder if people prioritize other things? Surely cannot be eaier to rasie kids in countries like Malawi or Mozambique.

Everyone you meet always asks if you have a career, are married, or own a house as if life was some kind of grocery list. But no one ever asks you if you are happy. -Heath Ledger

@baileymaloney1961

13 күн бұрын

Because those are usually the things that make you happy

@afrivox

13 күн бұрын

How do u measure happiness though? Ans how many broke homeless people can we say are genuinely happy?

@Demmrir

13 күн бұрын

@@baileymaloney1961 Are they? Everyone I've known who was married for long was absolutely miserable.

@AlsadsajsAlsadsajs-vl7th

13 күн бұрын

Are they unhappy because they’re married or are they unhappy because they’re old

@Curlsonaplane

13 күн бұрын

@@baileymaloney1961those are the things that typically make a person safe. Safety is the foundation of the hierarchy needs. Without it, self actualization isn’t possible

Being old myself: there is a bit of historical revision of the American Dream from 50-70's. Cities were for the uber-rich and low blue collar. Post-war boom allowed (some) people to buy into modest suburban homes with usually 1 car. Vacations were expensive. (Roadtrips and camping were done because the were inexpensive.) Consumer goods and clothing were bought on "installment". Basically, the "dream" was always a degree of struggle.

@conchobar

5 күн бұрын

I agree with your statement, but it was dependent on where you lived. My parents moved from the South to Detroit in the mid 60s and thrived, buying a home and car in the city, off a single income. They were Black on top of that and neither had a college degree. As you stated installment/layaway purchase plans was the norm, but local banks and credit unions banks offered better savings interest rates. Hell, even a Christmas Club savings account in the 70s offered better ROI than savings vehicles offered by local banks over the past 25 years. Add in the lack of pensions, little to no vertical career paths within corporations, and fewer career paths from minimum wage positions. Silent Gen and Boomers had to work hard for what they got, but there was also a massive amount of tools and opportunities available to make that happen.

@butterman6872

4 күн бұрын

Agreed, I think most younger people’s definition of the “American Dream” now is “what I wish I could afford” or “how my parents / rich friends live”. If people are willing to learn a trade or get into nursing or government jobs, drive a 5-10 year old medium trim level car, live 1-2 hours away from major population centers, buy a house that’s 20-30 years old and do renovations themselves, buy groceries at Sam’s/Costco and Aldi, thrift their clothes from secondhand stores, and go on long road trip “cheap” camping type vacations instead of traveling the world or going to Disney World every year, the single-income household is very doable in the current economy. It isn’t glamorous, but it isn’t all doom and gloom. I think social media has given a lot of people FOMO. I’ve heard a lot of stories from older folks and most of them grew up that way and thought they were living the American Dream back then.

@DJRenee

8 сағат бұрын

Thank you for that accurate information.

If everything we buy is “outpacing inflation” then wtf even is inflation based on? Food outpacing inflation. Houses outpacing inflation. Cars outpacing inflation. College degree outpacing inflation. Healthcare outpacing inflation. What the af is inflation?

@nwatson2773

10 күн бұрын

It's based on the gdp and stock market.

@shrunkensimon

9 күн бұрын

Inflation is a silent tax, imposed by the ruling class via central banks.

@MrSteeDoo

8 күн бұрын

That's because you believe everything that you hear. Doom and gloom sells. You didn't know that?

@rrs1912

8 күн бұрын

You are 100% right. Effective inflation is much higher

@JB-mh5xy

8 күн бұрын

Replace "inflation" with "the ability for the wealthy to buy more yachts", and you'll understand what inflation is.

Well no, if it's unaffordable to the average person, then it is dead. The point of the American dream is that the majority of people, with basic jobs can be prosperous, have their own land/property, and just generally be financially stable. So yes, the American Dream is dead.

@Noah_527

12 күн бұрын

Depending on how you interpret the data, the majority of millenials (54%) do own property. Is it lower than 40 years ago, yes, but 54% is still the majority. Should 80% be able to own property? Maybe. Will that ever happen? No. Has it ever been that way? No.

@carlossantos6683

12 күн бұрын

Images associated with the American Dream come from an era where the United States was responsible for 2/3 of manufacturing and half of the GDP of the world as a result left from the devastation of Europe and Japan in WWII. The prosperity of those times were a combination of New Deal policies with geopolitical circumstances that are both long gone. Although before 1946 the U.S. was not exactly an equal and fair society depending on the metrics life today for the average worker is as hard as it was in the 1930s.

@RubenDeanda-lb9wr

12 күн бұрын

No it isn’t send me your income tax pay and I’ll a just your income to your expenses if you live where I’ll tell you send to school your kids were I’ll tell you and buy what I’ll tell you , I asure you , you can have a home in a future nor less than 20 to 30 years , you can have 2 modest cars and you can have some vacation but you need discipline

@pritapp788

11 күн бұрын

​@@Noah_527property ownership isn't absolutely needed if affordable rental housing exists. But that too is dead.

@LegendFromWoW

11 күн бұрын

Fact

Its basically like that in all first world countries. Only after getting my master in computer science was I able to afford the same 3 bedroom apartment that my single mom could buy without a degree 25 years ago.

@user-gz4ve8mw9l

13 күн бұрын

Same issues or similar everywhere for such pretty much yes. Except the USA is even worse due to a lack of universal healthcare, and mandatory need for a car.

@cydonia3167

13 күн бұрын

@@user-gz4ve8mw9l Exactly! And free or heavily subsidized higher education, trade schools, job training, etc. It will cost you around $15,000 in the US just to get a license to cut hair.

@H8B7L

12 күн бұрын

@@user-gz4ve8mw9l oh for sure. Im glad that Im not living in the US.

@johnnydied9563

12 күн бұрын

@@user-gz4ve8mw9lUniversal Healthcare, would cost billions of dollars for taxpayers do you know why healthcare is super expensive? It's because hospitals and such artificially increased their prices so that insurance companies could actually give savings to their clients. 2nd of all you don't technically need a car, but it is hard to live in the U.S. without one.

@X11CHASE

12 күн бұрын

@@H8B7Lcope

*_"These companies don't make billions of dollars, selling $2,000 shoes by appealing to logic"_* 😆🤣😆🤣

@WwVd0

13 күн бұрын

The economy is designed for ghays and women, and Constantly trying to get both to shop.

@jablue4329

13 күн бұрын

​@@WwVd0 You have no idea how wrong you are. The average sneaker-head is straight as hell... and is also spending hundreds on street ware with every new drop.

@Parcha64

12 күн бұрын

​@WwVd0 tell that to the "tactical" bros who drop an extra $50 for a camo water bottle covered in useless staps and buckles. What about the ATVs, boats, and trailers that rot in sheds? Team jerseys, grills, sports cars and any other product designed to appeal to men. Don't act like a $2000 shoe is a woman problem when dudes out here buying Jordans and Gucci too

@shanenice5380

11 күн бұрын

@@Parcha64 I buy non brand clothes.they still last long

@seabreeze4559

11 күн бұрын

they last longer actually, just like mens brands charging the same price

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

@gracebrebda7543

11 күн бұрын

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant

@gracebrebda7543

11 күн бұрын

No I don't trade on my own anymore, I always required help and assistance

@gracebrebda7543

11 күн бұрын

From my personal financial advisor

@gracebrebda7543

11 күн бұрын

Here is her line she’s always active

@gracebrebda7543

11 күн бұрын

+1548

It's me, I gave up! 33, married, dual income home, 1 child(toddler). Outside of hitting the lottery somehow, I won't be retiring or even likely owning a home. I will work until I am no longer useful and then I will die, just as the system intended. EDIT: I know everyone is coming at this from a place of kindness and wanting to help. I'm not looking for advice however. I live comfortably, family is fed and bills are paid. I have simply accepted the situation and changed my perspective. Instead of scraping every dime together for the next 40 years to enjoy being jobless for 4 and then dying, I am investing in my hobbies and enjoying myself. So congratulations to those of you on your second house and fourth child at 14 years old with a stay at home wife, thank you for having me in your thoughts today, and best of luck. ❤️

@redparis9225

13 күн бұрын

How much do you have in retirement if you don't mind me asking

@xyzmediaandentertainment8313

13 күн бұрын

​@redparis9225 how much is your salary and wife's boob size if you don't mind me asking

@Tenamor

13 күн бұрын

@@redparis9225 idk maybe like 2-3k, I've held a lot of jobs; I don't even know where that money is anymore.

@Tenamor

13 күн бұрын

@@redparis9225 like 2-3k total maybe if they weren't cashed out when I left the jobs, held a lot of jobs I don't even know where those are anymore lmao

@Savvynomad225

13 күн бұрын

@An_Equalsingle income, bought in 2013, same low rate you speak of, I couldn’t buy a house today.

The American Dream should be that if you work hard enough, you can become rich/sucessful/famous, while the American life should be if you work a good job you should be able to retire later. Sucks that politicians have tricked people into thinking that the “dream” is middle class. Middle class should be the norm, not the dream.

@reinaldomartinez13

13 күн бұрын

Speaking facts

@nevisysbryd7450

13 күн бұрын

The norm? The middle class has barely existed outside of the last few centuries over five millennia of _recorded_ history, and was a very small proportion of the population outside of a few decades in the 20th century. While I agree that the politicians are nefarious, middle class is anything _but_ the norm.

@visoriannull832

13 күн бұрын

@@nevisysbryd7450 As little as two hundred years ago it was the norm for people to be property. The middle class SHOULD be the norm, and it's societies job to get to that point. If we aren't working together to give each other a better quality of life, there is genuinely no point to society.

@grimaffiliations3671

13 күн бұрын

@@nevisysbryd7450 It should be the norm though, in by far the richest country in the history of the world. But thanks to fearmongering about socialism, most Americans are denied the quality of life found in far poorer nations

@oriontigley5089

13 күн бұрын

@@nevisysbryd7450 What would you suggest? We accept a return to serfdom?

It always shocks me when my parents say “you’re 29 when we were your age we had 3 kids a home and food on the table” and when I rebuttal them with an inflation comment they don’t see it they think it’s easier now than it was 25 years ago it’s insane to me

@smallbutdeadly931

12 күн бұрын

It's always easier to say to just go get something when you already have one for yourself.

@kendallevans4079

6 күн бұрын

Your generation is just lazy! It's was hard for us and it was hard for the generation before us and it will be hard for the generation that comes along in 2075. Being young means sacrificing and scrimping and DOING WITHOUT FOR NOW, always has....gen Zeros just want to have everything a 60 year old has and wants is now!

One of the downsides of digital nomads is that it heavily affects average native workers in the area they move to. Its happening a lot in Mexico city. Sure businesses benefit from all the new money coming in from digital nomads, but when prices raise to compensate demand all the regular people in the area get pushed out. The solution for unaffordable cost of living for digital nomads becomes a new problem for natives that feel are being invaded.

@HealyHQ

10 күн бұрын

Mexico City is gonna have far bigger problems if they don't solve the water crisis within a few months.

@estefbc2932

6 күн бұрын

THIS and it seems they don't care. That's why locals are trying to make foreigners go back to their countries. The whole world's economy is bad, we don't need to make it even worse to other countries

@Armored_Ariete

3 күн бұрын

y que el estado di Mexico no tienes reason o amor para los que tienen no dienero

A major issue is expectations. Our boomer parents refused to accept that the system they created was going to make life worse for us. They spent our childhoods telling us how good we had it, when reality spoke differently. When you realize that things are worse than they were and are going to trend that way, you at least can make decisions in that mindset. It's freeing.

@BTrain-is8ch

13 күн бұрын

I don't know of too many minorities whether they be racial, social, sexual, whatever trying to make their way in the world today that would prefer having been born during the baby boom instead. Pretty sure that for most of the American population the idea that things are worse today than they were through most of baby boomers' lives is just objectively false. It takes a pretty narrow view of history to claim things were better back then.

@mrj8940

13 күн бұрын

Yet, no one is protesting, most of them are worried about foreign countries

@SerfinBird

12 күн бұрын

There is hope, just not with our current politicians. Republicans right now just want to lower corporate taxes which just puts more money in the share holders and executives pockets. Democrats just want to raise taxes on everyone and give it to economically unproductive groups like the NY MET and bring in lots of foreign labor hurting the value of our labor.

@Noah_527

12 күн бұрын

Expectations is absolutely the issue. The current generation unfortunately compares itself to previous generations where the world and society was a different place. Some things were relatively cheaper then. Some things are relatively cheaper now. And we know comparison is the thief of joy and millennials and gen z sure aren’t choosing joy but instead bitterness over what they can’t have. Ironically, if you ask them if they would have liked to grow up in the 60s and 70s without all the tech advances like internet, Netflix, electric cars and social media my guess is they wouldn’t choose it. Life was simpler 40 years ago. It was also slower.

@tony_5156

12 күн бұрын

@@SerfinBirdrepublicans caring about the people? As much as a lie as the democrats caring lol

“What are you just gonna come home and play video game the rest of your life” I was told this in middle school and you know what it really sounds a lot better then the alternative I was being pitched.

@Novastar.SaberCombat

11 күн бұрын

The wealthy want you to work for THEM. If you do not, you'll be utterly *destroyed* by them. That's the game; the system; the societal norm. Ultimately, if you ain't rich, you ain't NOTHIN'.

@Sonofawildanimal4241

11 күн бұрын

Should have bought a home in sixth grade!

@SENSEF

10 күн бұрын

I know a lot of adult guys with THAT lifestyle. Go to work, come home and play video games, and that's about it.

@aliengreen2364

9 күн бұрын

At least it’s cost effective!

@harrys2331

9 күн бұрын

@@SENSEF if you spend time playing video games, you aren't going out buying expensive shit.

Ah, so we've arrived at the gaslighting stage of crisis management.

@rorycolgan

8 күн бұрын

For real. The dream is dead, and thats a good thing🤣😅😑😆

In 1993 I was hired on at Fidelity Investments in SLC. My salary was $18,000 a year (entry level). Rents were around $500-$700 for a two bedroom apt. and homes in the Salt Lake Valley were about $140K -200K for middle of the road 3-5 bedroom, 3 bath, 2 car garage 1/4 - 1/3 acre home. I could only afford to rent. Based on housing inflation and today's prices. My starting salary at Fidelity would need to be four times higher to be in the same situation, or an entry level salary of $72,000. How many people start without a degree with a $72,000 annual salary? Nobody. A person would not be able to afford any house in the Salt Lake City area on $72,000 a year. If you cannot get a home to purchase, there is no American dream.

I immigrated to an EU country. I know three US-born folks who got citizenship here and immediately filed to renounce US citizenship to stop dealing with US financial regs.

@TheAzul_Indigo

13 күн бұрын

One could only dream to afford such a luxury!

@Vlad-bs1js

13 күн бұрын

It's not that great in the EU either and it seems to be getting worse

@emilianoperez7977

13 күн бұрын

​@@Vlad-bs1jswhy do you say that can you elaborate please

@numerologicatarot3333

13 күн бұрын

@@Vlad-bs1jslol if Americans are moving there, it’s def getting worse.😂😂

@darksmith7318

13 күн бұрын

@@emilianoperez7977over aging population brings heavy burden on national debt, it is way worse in eu than USA. USA also have a booming tech sector which takes out more and more percentage of disposable from international customers and leave less and less disposable income to spend on the eu goods. High and persist inflation caused by the war and heavy reliance on Chinese goods makes eu will face way worse inflation at the time when eu and China relations are deteriorating. Massively increased immigrants lead to cultural and societal conflict and bring forward civil incidents that ordinary officers have much less experience to deal with than US officers

That’s absolutely not true. Dusty Rhodes AKA The American Dream has been dead for years now.

@brooksd-lg9lg

13 күн бұрын

😂

@dbldekr

13 күн бұрын

and now the American Nightmare is the champ

@alphastratus6623

13 күн бұрын

Yes. The American dream includes that these goals are achievable by middle class by hard work. This isn't true at all, at least for decades.

@borrago

13 күн бұрын

It was the generation between baby boomers and millennials who killed it.

@mpmac12

13 күн бұрын

Hard times dadeh!

feudalism used to be AWESOME. ppl loved the freedom to travel anywhere, work a bit on someone's land and have no responsibility in their youth. Buy a peasant home (they are huge) or just travel or save up and eventually become a lord of the land yourself! but then something happened.... Peasant's freedom to travel was limited. They became part of the land and essentially slaves, working and barely surviving. Those lucky enough to buy land and become lords became greedier and greedier, abusing the peasants. today, feudalism isn't seen as this awesome arrangement where lords fork up a lot, offer security and a life for those living on their estate. no. its synonymous with exploitation and abuse. Eventually revolts and riots happened and it all ended badly. the same thing is happening today with landlords and tenants and employers and employees!

2:06 Look it up ("house price vs income by country"): In terms of home-price-to-income ratios, homes in the USA are relatively inexpensive compared with the rest of the world. Argentina is 21X income, Ethiopia is 43X income, The USA is near the BOTTOM of the list of how-many-times-annual-income-a-house-costs. Only Puerto Rico, South Africa, Saudi Arabia, and Oman are even EASIER to afford. Even in Egypt, it is FOUR TIMES as expensive for nationals to buy houses on their income.

I'm 33, own a home, live with my wife on a single income. The ONLY reason I was able to get to where I am is because I started a business in college and worked my way thru school with no student loans when I was done, then worked that business for ten years until I quit for health reasons. I got REALLY lucky to get on the property ladder before COVID hit, so my home doubled in value... but this is going to devastate young families who are looking to raise another generation of kids. I feel terrible for Gen Z.

@princemc35

13 күн бұрын

Im 19, no home, no income. The only reason I'm alive after leaving the house is because of my extra ordinary luck that has kept me alive

@chinngis83

13 күн бұрын

There's no margin for error. If people didn't have their act together in their early 20s - that could be a combination of poor mental health, not saving, spending too much - they realize they missed out on what previous generations had by age 30, a house and family.

@Lydynthmn

13 күн бұрын

I feel so bad for young people and how hopeless everything looks. I had a hard adolescence but always clung to hope that someday things would be better.

@FrankieDiazabraxas

13 күн бұрын

Honestly: Mazel tov. I'm glad for your great planning and good fortune! Now, To Life! To Life! L'Chaim!

@Dragon228833

13 күн бұрын

Im 23 with a kid on the way in nyc. Wish me luck 😂😂😂

This video almost got there, it’s called wealth inequality. The wealth gap between the rich and everyone else is widening. The richest people in society are buying up all the assets like housing and renting it back to you, when you could have owned it outright. Rich corporations just keep jacking up the prices and giving the profits to shareholders or keeping it for themselves.

@AlsadsajsAlsadsajs-vl7th

13 күн бұрын

When a person’s assets makes more money than they do at their job they’ll know freedom

@DoomLord1395

12 күн бұрын

sound similar to the feudal system

@Naesen

12 күн бұрын

>increase prices and profits to shareholders [at all costs] This is law by precedent ruling. Take a look at Dodge V. Ford if you wonder why every single publicly traded company operates in this way

@briannerk3373

12 күн бұрын

Meanwhile, the top1% hoards around 50 Trillion $$$$ of net worth in the US.

@briannerk3373

12 күн бұрын

Meanwhile, the top1% hoards around 50 Trillion $$$$ of net worth in the US.

I'm in my early 40's and do not own a house. Usually, women ask me if I own a house right away after matching on dating apps or meeting in person. When I tell them I don't, they unmatch or just walk away. So no house means no woman for me..

@Awareness_With_Dennis

8 күн бұрын

Women want positions not a meaningful relationship

One thing I find surprising is that how much of luxury Americans call as bare minimum standard of living and then complain about how they cannot afford it. It is true you cannot get a house less than 1 million in Bay Area but these are big luxury houses with backyards. However, they won't let you build small affordable apartments in the suburb. So either you have to drown yourself in debt or live homeless.

Stability is a necessity and should never be regarded as a luxury. Watch what happens to the next gen kids who are raised by vagabonds.

@the_expidition427

13 күн бұрын

The ever bubbling ilk of society

@jacobg8640

13 күн бұрын

There won't be any because their parents can't afford to have them.

@zUJ7EjVD

13 күн бұрын

What kids, nobody's having any except by accident.

@Pukeyray

13 күн бұрын

Like after the depression?

@Sonny_McMacsson

13 күн бұрын

@@zUJ7EjVD By accident is still having them just the same.

CEO to worker wage compensation ratio is 320 times now as compared to 20 times in 1980s . only way to live the dream is to start your own company and exploit your workers.

@nietur

13 күн бұрын

just employ one person for 50k and then you make 16 million

@iller3

13 күн бұрын

@@bwofficial1776 Bullshit, most CEO have been failing upwards lately. ...heavily subsidized by the FEDs Money Printers

@ShaneAndersonProductions

10 күн бұрын

Workers voluntarily choosing to work for you is not exploitation. They have to option to switch jobs whenever they want.

@ShaneAndersonProductions

10 күн бұрын

Real exploitation is large companies buying up all the houses, forcing prices up, and then leaving us no choice but to pay artificially inflated prices.

@ForeverDownByLaw

10 күн бұрын

@@ShaneAndersonProductions Bullshit. Without universal healthcare most workers are slaves to their jobs. And, this is not an accident.

We never had any housing crisis until we had investors gobbling up half of our housing stock for short-term rentals. Airbnb has decimated the housing stock single-handedly. If it's outlawed you will see a lot more housing come back into stock

We should redefine the 'dream'. For next 100 years or so before the population plummets, the 'dream' should only include a condo (not an independent house) and shared parking. If possible, firms should be prohibited from owning residential property for the purpose of rent-seeking.

Don't care at this point.

@HowMoneyWorks

13 күн бұрын

That's pretty much the point Ronald McDonald.

@ronaldmcdonald9322

13 күн бұрын

@@HowMoneyWorks sorry didn't watch the video yet, busy being a good wagecuck at my job. 🙂

@spacemannick1251

13 күн бұрын

I agree with the mc clown

@darkdestiny3700

13 күн бұрын

Same

@nope2that

13 күн бұрын

Right

The "American Dream" is working exactly as intended...

@aRandomPerson...

13 күн бұрын

Capitalism moment

@MoBurna

13 күн бұрын

Or maybe it's intended to be a unachievable one

Wealth inequality has now made basic human reproduction unaffordable, that's wild.

Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.

@91ScottieP

11 күн бұрын

Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

@mariaguerrero08

11 күн бұрын

I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.

@mikegarvey17

11 күн бұрын

@@mariaguerrero08who is your advisor please, if you don't mind me asking?

@mariaguerrero08

11 күн бұрын

"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

@ThomasChai05

11 күн бұрын

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Oh it isn't dead, you just gotta be sleeping in a rich mattress full of money to see it It gets worse for what the high class calls, Peasants

@Zieg_Games

13 күн бұрын

Or, hear me out, work in the trades. This includes high end tech jobs. Gender Studies degrees are dogshit.

@HackersSun

13 күн бұрын

A guy who was talking to why he gave up his American citizenship had 7 houses in 7 countries He was a rich mfer and he was the problem

@zaco-km3su

13 күн бұрын

It's dead. Quit the bs.

@mikesteelheart

13 күн бұрын

When I was growing up in the 90's I remember seeing all the wealth my grandparents had thinking it would be great to acquire that someday. Little did I know 20 years later it would be more of a necessary starting point than end goal.

@KGBSpyGeorgeCostanza

13 күн бұрын

@@zaco-km3su for the poor, it's always been dead, it's false hope and trying to make a corpse move

The new American Dream is getting your passport and moving overseas to greener and affordable pastures. That’s what I’m doing in October. Good riddance America.

@nietur

13 күн бұрын

and other's dream is getting a green card xd

@notsojharedtroll23

13 күн бұрын

​@@nietur yep

@gtbkts

13 күн бұрын

Ngl, that's sounding nicer and nicer, every year. Find a good (management/high paying) job, and live like I'm high class. 😅

@furTron

13 күн бұрын

@@nietur it its their dream, because they are still blinded by Hollywood movies and pop culture. Those people didn’t even invest 10 minutes to search and compare life quality in different countries.

@SystemBD

13 күн бұрын

@nietur but when they get it and see the current situation, they'll try to get out as well. And if not them, their (subsidized) children will.

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@McElvinn

5 сағат бұрын

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@sheltonPston

5 сағат бұрын

Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

@AUstinnesc

5 сағат бұрын

Your advisor must be really good. How I can get in touch? I have to start investing as I feel inflation is eating into my nest egg.

@sheltonPston

5 сағат бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with (‘’Amber Kay Wright”) for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@maddysys

5 сағат бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

It seems people expect 3000 or 4000 square-foot houses now where everyone has their own bedroom and bath. Houses were cheaper in the 50s but many were only about 1000 square feet. Sure it was cozier, but they did the job. we have to get back to appreciating just having a roof over our head and running water and so on. Also, thanks to overregulation cars are expensive now because they are overcomplicated. Let’s get back to basic cars with an engine, four wheels, a bench seat, stick shift, and no infotainment center. We already have all that in our phones, it does not need to be built into a car. Cars also used to have V8 and V6 engines that did not have to work so hard and lasted a long time. Now, auto makers are being forced to put in turbocharged 4 cylinders that are over stressed and barely last 100,000 miles.

@mshepard2264

Күн бұрын

sure but builders are not building small homes. and all the American car companies have cancelled the lines for small simple cars. GM doesnt even sell a small economy car not because they didnt sell any but because they can make more on an escalade or a suburban. A huge part of the problem is that American big businesses and private equity firms have rigged the system so they can provide quarterly returns for rich investors. they dont plan ahead like they used too or take care of their work force.

Home builders are making record profits. They used to make $50k profit on a cookie cutter house now they price them to make about $100k per house. Unfortunately many still use “supply chain issues” as an excuse for hiking the prices. Im all for capitalism and what not but a lot of these builders are not being honest about the price increases.

@andreaslind6338

13 күн бұрын

Which is the rational thing to do under capitalism if you have a position of power.

@andreaslind6338

13 күн бұрын

Which is the rational thing to do under capitalism if you have a position of power.

@vincemartin5323

13 күн бұрын

Maybe you should get a job in the trades 😂 🤑

@bwofficial1776

13 күн бұрын

So? If buyers weren't willing to pay it, they wouldn't sell. Don't blame the seller, they're just taking advantage of the market as is their right. If you can make money, why wouldn't you?

@davida730

13 күн бұрын

@@bwofficial1776 A few different lawsuits are finally coming down the pipe because of collusion among these companies. Buyers are only willing to pay it because it's the only option and isn't really a capitalistic economy.

“Sorry to be the bearer of bad news.” Don’t you lie to me like that, youre not sorry at all.😊

Who would ever have thought that corporate greed and 40 years of wage suppression would bring this country to this point, Governments answer is not to address wage disparity, no it's to outlaw forms of birth control.

Some of us got a clue back in the 1990's, when Retirees started taking the jobs held by High Schoolers. Back then I stated, less than 6 figures will soon be working poor. Folks on both sides of this debate refuse to acknowledge many things. Years back, most I knew were several to a rental until mid 30's, making it easier to save. Society's conditioning has altered that reality into a dangerous situation. The dollar was worth more and Corp America, while very Authoritarian, needed employees. Today, laxadaisy and disposable human resources. Back then Corp America wasn't compiling residential properties into investment portfolios as they do today. And, the dollar was worth more. As I tried to explain to my mother prior to her death. This isn't the America she grew up in, back in the 1950s/60s. It's not even the America I grew up in, in the 70s/80s. You cannot utilize the same units of measure when both economically and socially in nearly every aspect, things are different. Although, some refuse to take off the blinders, they were told something as a kid and that's that, they were fortunate enough to live at the moment in time were such was attainable, thus they were capable of establishing a foundation. I'm Gen X and I was told around 14 years old, that I was part of the first generation which will make less than the generatiuon prior. The Boomers knew this by the 80's, yet many behave as though they can't understand. They don't want to understand because it provides a false sense of superiority and accomplishment. Been working since 14, enlisted with a waiver following the 10th grade. Earned a GED, went to College and University, worked multiple jobs at a time from 21 through 40's. Been everything from homless to home owner. While it can still be done, there is no apples to apples compairson. Fortunatey, folks today have finaly realized company loyalty is for wilfull human resources, not for humans trying to advance. It's all about the money, as inspired by Corp Americas planned obsolescence.

Having children is free?? Not sure what you’re talking about there brah. Just the delivery costs thousands of dollars. Which is free in every other civilized country

@user-gz4ve8mw9l

13 күн бұрын

People in the USA spend 6 to 8 figures on wealthcare by the time they've finished existing.

@johnnydied9563

12 күн бұрын

I spoke to a person who says his parents are like doctors or something (I think), but he said it costs like $80,000 for the delivery I believe.

@kendallevans4079

6 күн бұрын

Insurance covers delivery

If I was playing a video game where the more gold I made the more expensive all the upgrades got, and the upgrades I can afford end up making my character weaker, I'd ask steam for a refund and renounce my worldly posessions to live overseas too.

@AlsadsajsAlsadsajs-vl7th

13 күн бұрын

Or just fire your accountant and get a new one. Taxes go down as wealth and income go up in Amerca.

@1whospeaks

13 күн бұрын

@AlsadsajsAlsadsajs-vl7th Exactly NOT how taxes work, unless you tie up all your liquid money in assets in order to duck taxes by using loans, which places more stress on the credit payments of the other customers, you know, the people living paycheck to paycheck using credit cards to buy food. If you say "F the banks!" You think billion dollar banks will roll over and take the beating? No, they'll pass the losses onto the poor and destitute. Their insurance premiums go up. So do their interest rates. The become more and more homeless. They skip meals. They sleep on the streets in winter. Of course if you have no morals life does get easier as you get wealthier, because it gets easier and easier to unknowingly and indiscriminately step on the weak and powerless. Honest work used to buy you multiple houses, and now it doesn't. Your point about being wealthy is moot, because most people arent so sociopathic that theyll sacrifice watching their children grow up and their soul for money. People need to stop defending wealthy people thinking they'll be wealthy themselves in the future.

@Novastar.SaberCombat

11 күн бұрын

One must be wealthy in order to become financially free. Just be rich. If you can't become rich, then get wealthy. Boom; problems solved. 💪😎✌️

I kind of question the “digital nomads priced out” idea. Not that there aren’t people like that, but a majority of remote jobs are things like tech and marketing that generally pay well above the average income. I think for most people, the digital nomad lifestyle is more a luxury than a necessity; a luxury of not having children, of having a flexible job, of being healthy enough to not have to worry about constant medical needs, if not having to take care of other people, and of having the resources to cover the financial and social cost of picking up your life and going

There's an important distinction here that HMW doesn't make. "The American Dream" is that there's no cap to what you can do and no cap to what you can achieve. You can do what you want. THAT is the American Dream - freedom and autonomy. In reference to the "luxury child" idea: In my area, if there was a daycare that opened charging $500 a month per child - they would DESTROY the competition. Low cost day care would be huge, there's just nobody doing it because they "can get more".

You can still attain The American Dream. It has just been shipped overseas like everything else.

@garethbuckeridge6910

12 күн бұрын

Well it ain't here in the UK either and watching various vlogs, I'm not sure which parts of Europe it exists in nowadays?

@pritapp788

12 күн бұрын

In your dreams yes, in reality the forces that make such a dream unattainable are at play everywhere else. Concentration of wealth in a tiny few who then lord it over the rest, income work rendered meaningless by absurd taxation.

@alanj9978

11 күн бұрын

It hasn't existed in most of Europe for centuries. That's why our ancestors moved to North America, so they could actually own property.

@TheNaldiin

11 күн бұрын

I suspect they're advocating for life style arbitrage somewhere where your currency goes further, like parts of South America or South East Asia.

@junyaiwase

10 күн бұрын

Doesnt sound so American does it?

We can't afford kids, financially it wouldn't be good for them or for us. It is so sad.

@mystraunt2705

13 күн бұрын

Thats where Im at. I barely know who my parents are because they work so hard. I’ve literally dreamt of all the fun things Id do with my kids, building cardboard box forts and going to war, telling them stories Ive made up and give them illustrations every once and a while to show them what the characters look like and what not. But theres no way I can afford to have kids and raise them at the same time. I want better for my kids than what I had, and at the moment that seems impossible

@gordontaylor2815

12 күн бұрын

When it becomes unaffordable for many people to have children, the system is planting the seeds of its own downfall. Eventually population, and thus demand for goods and services, will be constantly decreasing and the resulting deflationary pressure will cause the entire system to collapse under its own weight.

@Nitzpitz

11 күн бұрын

Kids are not a luxury, they are a necessity for societies. Adjust your expectations, not your life choices.

@nwatson2773

10 күн бұрын

@@gordontaylor2815 I say this often. I give the US empire another 100 years, give or take.

@HealyHQ

10 күн бұрын

@@Nitzpitz screw society, society screwed us.

I make 87k and have 2 kids and live in a small suburban home in the midwest. Lifestyle expectations influenced by tiktok and instagram are unrealistic. Stop buying shit you don't need, with money you don't have, to impress people you don't like. If you truly want kids make concessions and you'll be just fine.

@seabreeze4559

11 күн бұрын

oh look a fight club quote, truly you must be an avant garde thinker

@martinlutherkingjr.5582

11 күн бұрын

And stop eating steak, it’s too expensive, just eat dog food.

@user-vr5fi8kj4y

10 күн бұрын

@@seabreeze4559 its also a dave ramsey quote and many other people use it. Whats your point? It's a universal opinion.

@MrSteeDoo

8 күн бұрын

You have it exactly right. Expectations are too high.

@MrSteeDoo

8 күн бұрын

@@seabreeze4559 So being an "avant garde thinker" is what is needed?

Depends on which markets. California, Seattle, and New York maybe. But midwest and the south are still relatively affordable.

@CapitalismDeathSpiral

9 күн бұрын

Nothing is affordable. Affordable means that if American wages start at $8/Hour then all need based goods must be priced so that Americans can easily obtain goods and or pay off a tiny home that is durable for 100 years in less than 3 years. Just like the 1950s. Fruit and veggies should be 0.50 a pound or less. This is a basic need to keep Americans healthy so they can function.

It's not even supply and demand. It's companies buying out homes or straight up building them and then price fixing based on what loan two median salaries can give you for the median home... Loans and public stocks need to go. Edit: My country went from 11 million population to 6 million population from the year 1990 to 2023, in that time we have built 3-4x more homes than there were in 1990. Yet the median home(which went down from 74m^2 to 48-51m^2) used to cost 2-3x individual median salaries, but now it costs 9-12x individual median salaries. So we have 3x more homes for almost 2x fewer people while the prices have gone 4x up. If it was supply and demand they'd be 8x cheaper than 30-35 years ago. Edit: Oh yeah and now the majority of homes are owned and built by private companies, private companies that are partly owned or heavily invested by politicians.

@Syzygy_Bliss

13 күн бұрын

It’s even simpler than that. Wages just aren’t being forced to keep up with inflation because companies lobby to keep minimum wages low and to keep from being prosecuted for price gouging by oligopolies and in “investment” assets. The necessities are made more expensive while cheap junk is made less so as an illusion to depict affordability.

@mystraunt2705

13 күн бұрын

If there werent so many damn hurdles to just build a ton more homes, and laws were made to keep companies from buying houses, we wouldnt be talking about any of this, as there would be no problem. Its so simple but the people in the government benefit from our suffering so nothing will ever change. Doesnt matter who you vote we are fucked

@zUJ7EjVD

13 күн бұрын

It is supply and demand. It's always supply and demand. Supply is constrained by local laws.

@WarningStrangerDanger

13 күн бұрын

​@@Syzygy_BlissThe minimum wage wouldn't even touch this problem. Most people aren't working minimum wage jobs. Wages did not keep up with inflation, and deflation is the answer. This terrifies Boomers on both wings. It would gut the value of their assets if we forced deflation, but these assets are only highly priced because of inflation.

@badass6300

13 күн бұрын

@@mystraunt2705 The government working with private companies for their mutual benefit is also known as fascism, remove the private companies/property and it's communism. What it is not is capitalism nor socialism, because those are unrealistic ideologies that can't exist. Also they'd(the companies) buy out as many as needed. On top of that the government doesn't build houses, they hire private companies to build houses and they can charge whatever they want. Oh and yeah if voting mattered, we wouldn't be allowed to do it. XD

The american dream exists buy you paying into it. The reason everything is getting more expensive, whilst wages remain well below inflation is because more and more of that money is being funnelled upwards to the already wealthy, its just being consolidated. Homes arent increasing in price because of supply and demand, they're increasing because they're being bought as assets instead of as home, when one company owns half the rental market in your city, they can set whatever price they want and their competitors with just follow suit and increase as well to not miss out on that extra money. Meanwhile, you as a person who needs a place to live have no choice but to pay the insane rates they charge or be homeless. theres nothing you can do about it

@bwofficial1776

13 күн бұрын

There is something you can do about it: stop being poor. Opportunities abound, seize them instead of complaining "woe is me." Own some of those rental houses. Make money.

@Talon97

13 күн бұрын

@@bwofficial1776 Boomerist mindset...

@FoolyCharged

13 күн бұрын

​@bwofficial1776 Is your argument literally "can't buy one home? Then just buy two homes, dummy." Because, uh, there's a wee bit of a gap in that there logic.

@seabreeze4559

11 күн бұрын

a monopoly, end REITs and ban unearned income (buy to let ponzi)

@seabreeze4559

11 күн бұрын

@@bwofficial1776 STOP BEING POOR? PARIS HILTON, IS THAT YOU?

People seem to have very high expectations these days. I grew up in a family of 7 in a 1,300 square foot house with 1.5 bathrooms. We had 2 cars. We seemed pretty average to me.

@MrSteeDoo

8 күн бұрын

Same here. Life was good. We have become a nation of whiners.

House - $400k Model S Plaid - $65k Children are an annual expense, maybe $15k a year, $270k total. Where does the other $9 million+ come from?

@economicdevelopmentplannin8715

12 күн бұрын

With a paid off house... Minimum yearly costs are property taxes utilities groceries yearly. That's 7k yearly per person on average for most families. 8 kids and 2 parents need 70k to 80k after taxes yearly with no mortgage rent or debt. ❤

@alquinn8576

8 күн бұрын

the correct answer is this video is bullshit

When houses become a commodity, you have a tulip-mania economy.

@grimaffiliations3671

13 күн бұрын

land value tax!

@SmartChannel01

13 күн бұрын

Except it probably won’t go down

@vylbird8014

13 күн бұрын

When houses become a commodity, a lot of people have an incentive to keep prices rising.

@evilds3261

12 күн бұрын

@@vylbird8014 Now if only workers would keep the price for their labour rising to offset this dynamic.

@qrzone8167

12 күн бұрын

@@evilds3261 Except it won't. What's hilarious is that as time goes on, productivity always rises and things become easier to make. In theory that means you should get more bang for your buck no matter what inflation does. However under capitalism that extra productivity is always siphoned to the very top and only when the owners are held at gun point by either competition or labor organizations do they finally relent and stop hoarding wealth. This is the inherent flaw of the system, simply no incentive to do the right thing unless you have good morals, and people who have good morals don't make it to the top.

The American dream is leaving America. I know a ton of people that left or planning to leave.

@mystraunt2705

13 күн бұрын

And go where? Its bad here, but its worse in most other places? Housing is even more expensive in the Uk and about double the price in canada. Where are yall moving?

@Talon97

13 күн бұрын

@@mystraunt2705 Nunya business that's where...

@thetapheonix

10 күн бұрын

@@mystraunt2705It’s a cheaper cost of living most places in the world.

@HealyHQ

10 күн бұрын

Spain looking pretty good right about now.

@rodeaglerod2715

9 күн бұрын

American here, and I wish I could return back to the USA, but its just so expensive, where I live, job covers private healthcare, government pays part of my mortgage, I also have government health care, own a house with private security, my wife doesn't have to work, If I would move back to the USA I would be living in a trailer park or paying half my income in in rent just so I can say I live in the US and would have to slave up with wife also working just to afford rent, healthcare payments, car insurance. USA needs reforms ASAP, I miss the 90s.

The American Dream is still affordable outside of SF, LA, Seattle, Chicago, DC, NY, and a few other high cost areas. That's why cities like San Antonio and Olathe are booming. Because you live in San Francisco, your views are highly influenced by the high cost there. Median income in Bexar county is higher than LA county.

after paying for my taxes this year, i wondered whats the total tax we pay. i included Federal/state/city tax, FICA, Social security, property tax, utility tax, phone tax, sales tax, exercise tax, and assumed a typical person lived pay check to pay check unable to save any money but not get into any debt to make a straight forward calculation. the grand total for someone making $100k living in Maryland is...... 51.6% total income goes to tax. knowing that, i asked my boss if i can hybrid work 2 day from home, work 5 hours less each week for a 15% paycut. they are happy to reduce salary/payroll burden. i am happy to spend more time doing fun things instead of working for gov/stuck in traffic

I seriously think cities like Detroit and Memphis are going to boom over the next few decades for no other reason other than people want to live in cities with all the entertainment and amenities, but can't afford to live anywhere else.

@bernadetten.8751

13 күн бұрын

Memphis and Detroit used to be great cities.

@GodlyAwesome

13 күн бұрын

Detroit's prices are fucked since all the big companies are buying homes and land there

Something's not correct about this video, the youtuber of this video is talking about the digital nomads who are in IT, tech sectors. Last time when I checked, all the IT, tech companies are calling people back to office, and whoever is defying is getting boot! Also, the percentage of these 'digital nomads' are very low to almost nullable/negligible compared to rest of population. Most of core industry people still have to go to work to see how machining/fabrication of part is working.

@dkail08

13 күн бұрын

The video almost entirely is taking fringe examples and making poor comparisons in order to fit the common narrative of the youth being screwed. The reality is that everyone is screwed right now 😂 Just wait ten years. It'll be fine.

@reinaldomartinez13

13 күн бұрын

​@@dkail08how? By magic? Youth is definitely being screwed over the most.

@solracer66

13 күн бұрын

My company isn't, they went as far as selling our office building. Most non-IT workers have been called back but for IT it's all remote work or outsourced to a third party.

@MysticGohanVegeta

13 күн бұрын

@@GothamsFinestdang that comment just hit me like a bus

@shosetsuninja3112

13 күн бұрын

You don't have to work for a big company. You can collaborate with people all over the world and build things on your own now.

My wife and I have lived in the same house for twenty two years. We saved and paid it off early. Lots of my colleagues kept buying bigger houses commensurate with their increasing incomes. Now they’re still paying and will be doing so for years, just to live in a house with more rooms that they never go into. Life is about choices.

@artvandalay6216

13 күн бұрын

Also, the average house in the 50s, 60s, and 70s was a lot smaller and more modest than the mini-mansions most “middle class” families live in today.

@lolbored801

13 күн бұрын

And lots of luck...

@artvandalay6216

12 күн бұрын

@@lolbored801 yep, and none of us can control chance or fate. The quicker you learn to accept that fact, the happier you’ll be.

@Nitzpitz

11 күн бұрын

Exactly, people need to adjust expectations not life choices

@GreySergal

10 күн бұрын

Yeah i chose to be born in the worst part of the state, where there were no options, and a lot of at the end undiagnosed mental illness. I should have worked for more than 60 hours a week. I'm just lazy

I'm 31. I got snipped 5 years ago and I don't have children. I understood at a very young age that I would never be able to afford to give my children a decent life. Not a day goes by that I regret doing it. I make about 35 an hour, and the thought of buying just an average home is absolutely proposterous.

@Awareness_With_Dennis

8 күн бұрын

What do you do making 35 an hour? I’m 31 as well making 21 an hour for Amazon package delivery and that thought has crossed my mind too

@jameswelch82

8 күн бұрын

@Awareness_With_Dennis I'm a blackjack dealer. My wage varies since its mostly based on tips. but yeah, between 30-40 an hour is pretty normal. It's an easy gig that pays surprisingly well.

So the question should be, why haven't wages kept up with inflation? How do we, the average people pry our hard earned money out of the hands of the corporations and government?

@Novastar.SaberCombat

11 күн бұрын

You don't. Without coin, connections, crews, clout, computer code, control, corrupt communities, and shady opportunities... ya got NOTHIN'. No power, no resources, no influence. That's the 99%; the nothing-burgers.

@martinlutherkingjr.5582

11 күн бұрын

You don’t want their money, you want real money - Bitcoin. They’re running a ponzi scheme called the US dollar.

@MrSteeDoo

8 күн бұрын

Because the CEOs and rich investors have taken a bigger share. They make the rules.

Surely this will lead to a long and stable civilization

@thebadassofthewest6022

13 күн бұрын

You should start prepping if you haven’t already.

@Novastar.SaberCombat

11 күн бұрын

The wealthy will eventually shift everything over to A.I. and watch from on-high as the 99% (the poor and destitute) d13 of starvation, thirst, lack of healthcare, no home, no work, and no money. At that point, society will be "utopian", but only at the cost of... well... the 99%.

@CivilizedWasteland

10 күн бұрын

109 times!

@HealyHQ

10 күн бұрын

When in Rome... oh, yeah, whatever happened to that place anyway? 😏

@Rando-hg7uu

5 күн бұрын

Good day Mr Bogdanoff is everything going according to plan?

I’d say the biggest factors that allowed the “American dream” was every advanced countries manufacturing outside of Americas being destroyed from WW2, the Cold War economic model, years of suppressed demand from the depression, income inequality lowered by a WW2/depression and lastly asset prices being suppressed for so long so housing was cheap. Having an unskilled single worker (male breadwinner) supporting an entire family while affording a house was an economic abnormality which took 2 world wars, depression and Cold War to occur. This is not the norm and shouldn’t be seen as the norm.

The American dream is to leave America while still earning an American wage online… great.

"You shall own nothing, und be happy".

@gdj777

13 күн бұрын

While eating ze bug

@Gnomezonbacon

13 күн бұрын

@@gdj777 und pegging ze plastic robot.

@princemc35

13 күн бұрын

Im chilling right now

@fuckshit8208

13 күн бұрын

This partial quote is really starting to get annoying.

@evilds3261

12 күн бұрын

If they can overcharge us, we can overcharge them. We do own something they can never take from us - our labour. We choose to give it to them, otherwise we could all just lay around doing nothing. Power is controlling access to a resource - you can use people's expectations of you as leverage, as a bargainning chip, that if they expect those to be met, certain conditions must also be met or else the deal is off.

the digital nomad lifestyle will create what the wealthy class has done to the housing market in the usa. and once every country is infected by this flywheel effect. all roads are used up and the crumbling can start

@OM-pu9yi

13 күн бұрын

Could you elaborate more my dear fella? It seems interesting

@the_expidition427

13 күн бұрын

@@OM-pu9yi People from California moving to Nowheresville, Indiana

@HammamHraesha

13 күн бұрын

@@OM-pu9yi Digital nomads inflate the housing market in host countries because their US salary is much greater than the average salary in the host country they've emigrated to. Having rich foreigners come to a country and inflate the housing market will make it very hard for local citizens to buy a house, so indirectly the digital nomads are doing to the host country they've emigrated to what the boomers have done to the nomads in the USA. An example of this is Portugal which was friendly to digital nomads and investors, however, this has led to a housing crisis where your average Portuguese citizen cannot afford a house in major cities because the salaries in Portugal are a fraction of what the United States. Imagine if a very rich country where its workers are paid over 4 times the average US salary started moving to the US and working remotely for the companies in their home country because housing in the US is cheaper than in their home country. You wouldn't like that, right? Unless your country's economy has no meaningful sectors to stand on its own, no one really wants digital nomads.

@Vlad-bs1js

13 күн бұрын

@@the_expidition427 Or Europe. Look at what happened in Portugal

@nietur

13 күн бұрын

@@Vlad-bs1js bet Portugal has better laws for more houses, so it'll be fine

I feel like I've gotten darn close to it. I started out going into a career in Biology, but figured out that the whole field is based on "publish or perish" and that my wellbeing would always be based on my popularity with academic bigwigs and digging out some new idea to publish. Instead, I went into nursing. I'd make more as an RN than as an adjunct, and the field is understaffed enough that jobs are always available. I joined the military, opening up cheap home loans, health insurance, and extra income (National Guard). I'm living in a low cost of living state (Oklahoma) where you can live quite healthily if you aren't cramming fried butter and meth down your throat. Combine all these factors together, and I'm paying off a 215k 3 bedroom house. My wife is stay at home (due to epilepsy, not by choice) and we still have money to pay down debts. I'm climbing up the officer ranks on the military side, and I've gotten my nursing career to the point that I get paid full time to be on call 48 hours on the weekend. Now, before you take this as bragging, let me tell you the pitfalls. I earned my way into medical school, and was kicked out. I spent 17 years floundering in the lower NCO ranks. I didn't stay with a woman longer than a month. My success was half hard work and half luck. My wife was an LPN before her seizures got too bad. We were looking for an RN program at the local community college and found a 10 month program for people who already had a Bachelors. I got my Biology degree thanks to tuition waivors provided by the National Guard. The college I went to accepted me to a BSN program without a second thought because I graduated and used to work for them in my Biology days. That BSN allowed me to direct commission in the Air Force instead of continuing my deadend Army career. My weekend position only came about because I had filled in for the previous weekend nurse which unlocked a specific paycode that can no longer be given to employees that don't already have it. I'm the only one able to keep the rest of the nursing staff from rioting by being required to take call on the weekend. I only found my employer by chance after being gaslit and fired from my previous one. Said previous job had a travel nurse who was my current Chief Nurse in the Air Force. I know that I could lose a lot of this. I'm paranoid about it. I chose the military because they still do a pension and it would be political suicide for anybody to try to take that away. I hit 20 years in October, and then I'm locked in. Keeping my current rank for 6 months locks me in on that level of pay. I'm destroying as much debt as I can right now instead of relying on fickle markets. I'm assuming my employers will screw me over at this point. I really don't think it should be this difficult. I'm not rich or famous, but I think I've stumbled around life enough to find a way to retire in my 60's. I worked my butt off, but I'm in a happy place at 41.

@Doood692

10 күн бұрын

A fruit based diet with regenerative herbs like Robert Morse nd teaches has helped people with seizures

@__lim494

8 күн бұрын

You work hard and you seem to have a wonderful life in your own way. A life where you can draw happiness, if not perfect. Your success is wonderful, even though the comments section is filled with despair. I wish you and your wife full of happiness.

Part of the problem is housing expectations coupled with certain land and development realities. My parents paid cash, saved during WWII, for our new home in 1948. No drapes, no flooring, but they owned that 3 (small) bedroom, 1 bath house free and clear. My ex and I bought a 925 sf house, 2 bedrooms, 1 bath with full basement for $21,000 in 1974, built in 1926. Our neighbor had the same house and raised six kids in it! In the 1970's average house size was 1500 sf. The house we moved into in FL in 1959 was the largest in the post war neighbohood: 1600 sf. My house was built in 1974, 1164sf, 4 smallish bedrooms, 2 full baths. Today's average house size is 2400 sf, so right there you have a huge inflationary multiplier if the cost of construction was constant. But costs per sf have actually declined. It is the LAND that has gone up so much. As Will Rogers said 90 years ago, "They ain't making no more of it." So let's say someone is willing to live in an old home with fewer amenities. In many cities, those homes have been razed to build big modern houses. And sometimes, even if you can find such housing, middle income educated people many not want to live in that neighborhood. Crime, schools. The old neighborhood I lived in in Denver decades ago was the hood. Now, when I've visited, new homes on what were vacant lots, others taking the place of old ones scraped off. And Yuppie mama's pushing strollers where once there were drive by shootings.

@nwatson2773

10 күн бұрын

That was over 50 years ago! Apples and oranges.

@frequentlycynical642

10 күн бұрын

@@nwatson2773 As I succinctly pointed out what has changed.

@tektak2400

9 күн бұрын

​@@nwatson2773 The point is to show what the idea of an American Dream meant, originally.

The American dream was the idea that a Puritan and a catholic could live across from each other and not kill eachother. The house and white picket fence was a commodity version, just as diamond rings became the symbol of marriage.

@afrivox

13 күн бұрын

Really? Thought the American dream was really a reference to personal success....and in particularly economic success. 😂

@zaco-km3su

13 күн бұрын

No, don't lie. It was about having a better life.

@vylbird8014

13 күн бұрын

I understand it was supposed to be upwards socioeconomic mobility. America was supposed to be (and is, on paper) a society with no rigid class system. There's no titled nobility - the constitution expressly forbids it. The dream is that even the poorest immigrant or child of poverty can, with hard work and talent, earn their way to wealth and comfort. There's no formal nobility, but rich and well-connected parents still count for a lot.

@seabreeze4559

11 күн бұрын

diamond is a roman symbol of love so nah

Countries could do any number of things to address and fix this to avoid a collapse in the not too distant future, but they’re so determined to keep things the same and have their cake while eating it too that nothing will change until it’s too late to sustain the ouroboros we currently live in. I like being able to turn the phrase to the rich “let them eat cake”

@AlexsGoogleAccount

13 күн бұрын

At this point, my assumption is that the situation will get worse and worse until a sufficiently large % of the population is crushed and a collapse is happening. And then things might finally be addressed. My shot to be where I want in life is to be doing just slightly better than that % who gets crushed so that when things get better, I'll benefit from it. It's a dark, morbid way to view the world, but what else can you do than to try to do things right and pray that you make it through?

@pritapp788

11 күн бұрын

​@@AlexsGoogleAccountalready happening with lower and middle classes who are first hit by lower marriage rates and lower birth rates. Which will have ripple effects on everything else. The wealthy asset owners want others to deliver more babies (i.e. Future labour) for them after doing all they can to starve these people from a present and future.

I thought the American dream was if you worked hard enough, you could afford a house with a white picket fence, wife, 2.5 kids, and a dog.

The worst part of it all is that people got used to this absurd reality we live in. No matter how hard financially it is for most people, there is always this convenient excuse of "work harder". The blame is being pushed on people for not trying hard enough. It's disgusting, given that most of the essential professions make ridiculously low incomes comparing to the cost of living. I'm not sure if I have any hope for the better, because humanity loves to blame itself for clearly broken systems and greed of the elite.

@seabreeze4559

11 күн бұрын

just world fallacy

@trumptookthevaccine1679

10 күн бұрын

Work harder

Well it's a dream right? Not a reality.

Food, water and utilities are basic necessities that we need daily and require a infrastructure/supply chain. On the other hand housing once the building is up will last decades but people abuse real estate to extract as much money as possible from other people.

@evilds3261

12 күн бұрын

Once the price of food goes up way too high, child poverty rates in the USA will go down.

@GreySergal

10 күн бұрын

Because people don't want to view housing as a right, then people abuse it. But you know they say water isn't a right too.

We have it in a much different way. My friends who live in suburbs are struggling, my husband and I live in a 1300 sq foot cabin on a few dozen acres and our living expenses are bare necessities.

Breaking away from an established tradition is not a norm, it's a cure to an over established practice.

I wanted to take a trip to England last year. By the time I added up everything it was going to be $6000...for one week. I've always wanted to go but that's just ridiculous. I took that money and paid off my car instead.

@Hans_Peterson

13 күн бұрын

You’re doing something wrong…. I’m going to Europe for two weeks this summer for about 3k

@andre1987eph

13 күн бұрын

Smooth move! Hopefully you have a Japan or Korea car and change oil every 5k miles

@cameroncook2048

13 күн бұрын

$6000 is twice the UK monthly salary! You've clearly done something wrong. As a Brit, I can't think of how to spend $6000 on a holiday here that doesn't involve 5* hotels and Michelin-starred restaurants

@DoolallyProductions

13 күн бұрын

@@cameroncook2048 Most of it was transportation and lodging, none 5*. It was just bad timing and a couple things were driving the price up unfortunately.

@seabreeze4559

11 күн бұрын

It sucks here don't bother. The castles are kinda nice that's it. London is full of shops you can get at home plus thieves with weapons.

I'm sure there are a lot of young people who want kids, but can't afford it, yet I feel like I've seen just anti-kid sentiments too. Couples who claim "We never want kids" or even my co-workers who openly admit they hate children. Maybe it's kickback, but then there are the dog parents who go out and buy an expensive dog breed instead of having/adopting a kid. And after the vet, specialty food, dog sitter/daycare/walker, groomer, toys/accessories they probably spend close to that of childcare expenses without the long term socital benefits or senior care help.

@scwirpeo

13 күн бұрын

As a millennial I would wager a lot of that is cope. Like when you cant have something and you go "well I did not want it anyway I don't like that thing." Almost certain nearly all of them or at least a hefty percentage have had a daydream or two of building a family. Any person with critical thinking skills would see all this and just say no to kids tho, no parent would want their kids to have no future.

@tatimarie8277

13 күн бұрын

I think it’s because it’s seen as a lower commitment. It’s socially more acceptable to give up a dog after 5 years because you can’t afford it or no longer want the lifestyle that comes with it. Dogs also don’t live as long and generally will love you as long as you feed them and don’t abuse them. If you do that as a parent you’ve failed. To go off the comment above me though the biggest reason I’ve heard among my friend group for “not wanting kids” isn’t because they don’t want to be parents, a lot of them say they don’t want to bring a child into a messed up world.

@angryfirefly

13 күн бұрын

​@@scwirpeoI was thinking the exact opposite: that there were probably a lot of people in the past having kids they genuinely didn't want. I believe it's probably more likely than the opposite. People today would much rather use contraceptives, when there's nothing stopping them from having litters of kids that they can then just abandon with no consequences.

@markonikolic7957

13 күн бұрын

@@tatimarie8277that’s such a dumb excuse the world was a much more terrible place only a few generations ago

@scwirpeo

13 күн бұрын

@@angryfirefly There is 100% a decline from that i agree. Not many people today would want 8 kids like back in the 50s. One or two tho even assuming the default is an equilibrium stable 2.1 birth rate and we are way way under that already and the decline just keeps coming every year.

I'm a 33 yr old SINK (single income no kids). Never wanted kids and I love the lifestyle it affords me. On average daycare alone is $200+ a week per child which is crazy to me. There's also a bit of luck involved in the life you can afford. I bought my current home in 2018 when interest rates were at 3% so my mortgage is about $500 cheaper a month than the average 2-bedroom apartment in my area. Essentially right place right time.

Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

Can confirm, I save waaaay more money being a digital nomad than living in the US, got rid of almost all my possessions and living out of a suitcase while traveling abroad.

12 күн бұрын

what is it exactly that you do?

@Iscream4j0y

12 күн бұрын

Official job title is Software Architect, but I'm really just a regular software engineer, I work in the healthcare industry using web technologies like Javascript and PHP, also Rust, Go, and Java, as well as managing servers, databases, API integrations, dealing with customers, feature planning, etc. My job has always been remote, I went from New York, to Virginia, and now I've decided to become a perpetual expat, as long as I have a laptop and an ok internet connection, I'm solid. I've moved from developing pages and stuff to full on engineering, solving server load and connection issues, writing my own tools and microservices

@Iscream4j0y

12 күн бұрын

My work gets tested by tens of thousands of users a day, just one of our clients will have 2k check ins in a day, and my stuff is used by both staff and patients, I'll get requests for features, and develop processes to make it happen, form builders, insurance handling, multi step check in processes, kiosk concepts, etc

@trumptookthevaccine1679

10 күн бұрын

You’ll own nothing and be happy

3:46 The stock market is incredibly stagnant outside of AI. AI is just propping it up, and that will _not_ last. AKA: the stock market is actually not to hot right now. Also, food prices are really low by historical standards. In 1950, the average US household spent more money on groceries than housing, and the spending on housing, while lower, was still one of the largest expenses. Yet still, more than a quarter of income in those days went to food. Let that sink in. Groceries are also levelling off, while car prices are actually declining a lot, too. That means that certain things are easier. Still, the suburban dream was never financially sustainable; Strong Towns has some good information on that.

@JustinLewis7326

7 күн бұрын

Market is still down from 2021 in real terms

Always interesting, thank you.

This whole situation pisses me off to no end, mostly because I had it. Six figure income, home ownership at an affordable rate, improved quality of life, and family vacations. Then my wife decided I was an asshole for controlling the family finances, filed for divorce, lost the house and truck despite getting $3k+ per month from me and her own $45k+ income, and has ruined my credit to the point that bankruptcy is starting to look like a good option. She was why I had taken finances back over, when she managed them it was constant chaos, utilities getting shut off, evictions, and crap cars, with absolutely nothing to show for my 60+ hour a week work.

@halukgul

13 күн бұрын

damn homie i feel you. thanks for sharing your story. experiences like this at least help others not go through this bullshit. hope things get better.

@pritapp788

12 күн бұрын

Be careful, people here will take issue with your story and tell you marriage is the first step to living the dream. Female oversight of finances is indeed a major reason why I intend to stay well clear of marriage.

@kevangrenda7746

12 күн бұрын

On my way there: 30yo girlfriend doesn't cook, minimally cleans, and gets agitated when doing the dishes... but thinks she'll be a good mom. 🙄

@jaredkennedy6576

12 күн бұрын

@@kevangrenda7746 Get out while you can. They don't change on a fundamental level like that. She isn't going to wake up tomorrow and say "I'm really looking forward to washing dishes and doing laundry". I doubt you'll find anyone like that, but I hope you get my point. Things will only be worse with a tired mother and kid/s running around. Take some time to figure yourself out, make sure you know how to take care of yourself and be a functional adult, then invite another functional adult into your life.

@roguered706

12 күн бұрын

​@@pritapp788My ex had the same misogynist ideas about women and finances as you guys. And yet, in the 3 years since my husband and I got divorced I've saved $100k for retirement and gotten multiple raises, while my ex husband (who is almost 50) makes 2/3 of what I do and will never be able retire. And no, I get zero financial support from him. In face, he still owes me for half the equity in our home. Making broad generalizations about one gender just shows a level of ignorance and sexism that is probably why women don't want to be with you.

5:35 Children really are the ultimate luxury good these days

@OM-pu9yi

13 күн бұрын

Nop

@mystraunt2705

13 күн бұрын

I want to be a father, I feel I would be a great one but Im never gonna be able to afford it. Its crazy that having kids is something I can only dream of lol, a long time ago it was the norm that everyone would have kids at like 20.

@ssc3360

13 күн бұрын

@@mystraunt2705 Maybe getting the kid will get some hustle in you

@the_expidition427

13 күн бұрын

@@mystraunt2705 Welfare and don't let pride get in the way

@Pukeyray

13 күн бұрын

​@@mystraunt2705I have a cousin who is amazing with children but can only afford one. Things is her and her husband are well off. But they don't feel that way and made the decision to only have one being they can't imagine dividing their time between multiple kids.

I'm reminded of the economically viable scene from Falling Down. If you fall behind, you'll be left behind. Hopefully you won't be forgotten.

I love how at 1:50 you used my literal dream truck in the graphics 🤣 80s f series pickup red and white

My husband and I achieved the American dream from a combo of hard work and luck. Luck, because we both were in the military able to purchase a home in 2011 on a VA loan, at a time when housing prices were bottomed out. Hard work because serving in the military was not easy, but helped both of us not have to have any student loans. We couldn’t afford kids until we were almost 30, and now our household income is around $110k/yr. But we live humbly, and that amount is enough to support two adults and two children, a mortgage, both our cars are paid off because we purchased them prior to 2022. Florida isn’t cheap to live, but we can also finally afford little $3,000 vacation where we couldn’t afford it for at least a decade before. All that being said, we feel blessed, but also empathetic to those who can’t help the part we got lucky for, that our home cost $143k. Adjusted for inflation, that’s $200k. That doesn’t exist anymore. 😢

One issue that is not being addressed in this video is when enough "digital nomads" with US salaries move to cheaper country to work remotely, they quickly unwillingly destroy the local ecosystem, as their comparatively high income eventually drives up prices in those areas, especially housing, thus making life unaffordable for locals with their far lower salaries.

@stevenrowlandson9650

11 күн бұрын

Real estate prices need to be ruthlessly regulated and indexed to 3 years pay at minimum wage as a maximum price limit and based on one income.

Yeah I always say 2020 was the last year to buy a house at a decent price very grateful

@emilianoperez7977

13 күн бұрын

unless the bubble pops and the market crashes like all the news articles are saying about the slowdown in the real estate market. You never know everything is extremely artificially inflated and there could be a market correction

@victoriaveeart

13 күн бұрын

@@emilianoperez7977 just as the markets are inflated so are the news articles known for mongering fear to get people to spend or not to spend

@Francisco-po1cf

13 күн бұрын

@@emilianoperez7977it’s not going to drop below 2020 prices. That’s just wishful thinking in my opinion. If it does crash, it’ll fall shortly and shoot up again. Too many people have been waiting on the sidelines. As soon as they drop, people will rush in to buy especially the people who have been waiting since 2020. The people who have been waiting for 4 years will jump at buying because they learned that waiting didn’t work out well for them the recent last time.

I'm a teacher. I have a wife who stays home with our three kids. I just bought a house. Yes, it's hard, BUT IT IS NOT IMPOSSIBLE. It just takes a tight budget, one that has every penny accounted for, and a creative idea of what vacation looks like. We've got a good life, maybe not one in the lap of luxery, but we'll take it. Edit: I added an Oxford comma.