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Old 01-25-2012, 11:14 AM
 
7,150 posts, read 10,854,602 times
Reputation: 3806

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Quote:
Originally Posted by TrueTimbers View Post
... drive a 1999 truck
HEY! That sounds pretty ritzy to me ... my newest vehicle is a '95 (with 260,000 miles on it -- original engine) ... where do you get off driving a '99 and I don't get one? Dang! (And my oldest vehicle is a '61 Rambler -- yes, it runs well).
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Old 01-25-2012, 11:18 AM
 
1,658 posts, read 3,538,256 times
Reputation: 1710
Quote:
Originally Posted by nullgeo View Post
Pretty funny
... although, I'd say it kinda supports my point about Pittsburgh, don't you think?
Haha, yeah that's true.

Bringing this topic back to CA: the world's second biggest is in San Jose!
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Old 01-25-2012, 11:21 AM
 
Location: Conejo Valley, CA
12,460 posts, read 20,018,307 times
Reputation: 4365
Quote:
Originally Posted by TrueTimbers View Post
LOL......................Hellooooooo.... Try inflation adjusted numbers....
Umm....huh? It should be obvious that those numbers are indeed adjusted for inflation....after all $42k/year in the 1970's would have put you in the 2~3 percentile in terms of income.

Quote:
Originally Posted by TrueTimbers View Post
However, that is not me... I am farm raised by depression era parents...
I have no idea whether its you or not, but whether you were "farm raised by depression era parents" doesn't say anything. I mean, you do realize that everyone in your cohort was raised by depression era parents...right? Do you think that older boomers are, in general, a financially conservative bunch? The data certainly doesn't paint that picture....
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Old 01-25-2012, 11:27 AM
 
Location: Conejo Valley, CA
12,460 posts, read 20,018,307 times
Reputation: 4365
Quote:
Originally Posted by Wing Feathers View Post
If you're happy living in constrained, oppressive jail-like cells, then by all means do so! You will go through less of a shock when Obama finally throws the Socialist switch.
Yes I'm perfectly happy living in a 1-bedroom apartment in a city where staying home isn't that much fun anyways. Plus, I reckon I spend must of my time at home sleeping....and I don't much know the difference when I'm asleep.

Obama is going to become a socialist? I can't wait....he's been pushing center-right policies for the last few years!
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Old 01-25-2012, 11:48 AM
 
Location: Conejo Valley, CA
12,460 posts, read 20,018,307 times
Reputation: 4365
Quote:
Originally Posted by Fiddlehead View Post
Now, the boomer bubble has peaked, and we are finding that the subsequent generations (Gen. X in particular) cannot maintain the long-term bubble. Very, very few people graduating from college now can expect to land a sweet job, buy an affordable home that will appreciate at far above inflation, etc.
Oh yes, the fantasy of the past where college graduates were all landing "sweet jobs" after graduation and everyone was able to afford homes, etc.

Unfortunately none of that really happened and the boomers started out rather modestly. Now, certainly the boomers have distorted certain aspects of the economy and may be a bit glib from never having experienced a very serious economic event (the older ones will remember the 70's oil crisis though).....but its not like they are getting away free. The boomers are going to have the most miserable retirement of any recent generation.

Also, generation X started their careers in a bubble economy so they actually had it easier.


Quote:
Originally Posted by Fiddlehead View Post
They will be lucky to find a professional job within three years of graduating, and when they do, they will need to pay off large student loands, and then to save for years for a down payment on a home with prices at 5-10x income, and have a heavier tax burden to pay for the boomers medicare and the infrastructural improvements largely ignored for the last 30 years.
Large student loans? Who's fault is that? National home prices are no where near 5~10x income, you are isolating your attention to a very very small part of the country and pretending as if its representative of the whole.

Younger generations don't have to support the boomers with higher taxes if they don't want to. Of course they are a dopey bunch so I imagine they will, but they could instead vote in politicians that inflict austerity on the boomers.
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Old 01-25-2012, 11:52 AM
 
7,150 posts, read 10,854,602 times
Reputation: 3806
Quote:
Originally Posted by Radical347 View Post
Haha, yeah that's true.

Bringing this topic back to CA: the world's second biggest is in San Jose!
Pittsburgh ... San Jose ... really, how different are they? San Jose isn't California ... it's, well, San Jose ... I always drive around it, never through ... wouldn't want to have a breakdown there in my old van.
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Old 01-25-2012, 11:56 AM
 
Location: Quimper Peninsula
1,981 posts, read 3,140,276 times
Reputation: 1771
Quote:
Originally Posted by nullgeo View Post
HEY! That sounds pretty ritzy to me ... my newest vehicle is a '95 (with 260,000 miles on it -- original engine) ... where do you get off driving a '99 and I don't get one? Dang! (And my oldest vehicle is a '61 Rambler -- yes, it runs well).

Salt rusts um pretty bad....
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Old 01-25-2012, 11:58 AM
 
7,150 posts, read 10,854,602 times
Reputation: 3806
Quote:
Originally Posted by user_id View Post
... The boomers are going to have the most miserable retirement of any recent generation.
HEY! I'm having the best time of my life ... and doing it on next to nothing. When I was a kid and my parents took us camping for months every year all across the country, I always said: "When I grow up, I'm going camping and never coming back." And that's whut I dun now. Can't beat it with a stick.

Quote:
Originally Posted by user_id View Post
... they could instead vote in politicians that inflict austerity on the boomers.
Now them's fightin' woids -- to most. I dare ya. Couldn't care less. What austerity are you going to hit me with? Take away my 17-year-old, 260,000 mile van? phbbbt.
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Old 01-25-2012, 11:59 AM
 
Location: Quimper Peninsula
1,981 posts, read 3,140,276 times
Reputation: 1771
Quote:
Originally Posted by user_id View Post
Umm....huh? It should be obvious that those numbers are indeed adjusted for inflation....after all $42k/year in the 1970's would have put you in the 2~3 percentile in terms of income.


I have no idea whether its you or not, but whether you were "farm raised by depression era parents" doesn't say anything. I mean, you do realize that everyone in your cohort was raised by depression era parents...right? Do you think that older boomers are, in general, a financially conservative bunch? The data certainly doesn't paint that picture....

OK.. +1 for you....on both points....
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Old 01-25-2012, 12:02 PM
 
7,150 posts, read 10,854,602 times
Reputation: 3806
Quote:
Originally Posted by TrueTimbers View Post
Salt rusts um pretty bad....
Yeah, that's for youse guys who haven't yet figgered out how to leave the upper mid-west winters ... they don't much (ever) salt the roads in California and western Washington ... although I spend almost all my time right on the seacoasts, and there's plenty salt in the ambient atmosphere, the cars and trucks have held up well for me out here.

(I left Minnesota in 1970.)
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