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I guarantee you, some folks in Eureka are making money. Find a way to be one of them. Otherwise you can move to another part of the country with not-so-perfect weather but a decent economy, where you could afford a nice home. Or you can stay put in the Bay Area and enjoy the lifestyle while knowing it's unlikely you'll ever be able to afford to buy property there.
I guarantee you, some folks in Eureka are making money. Find a way to be one of them. Otherwise you can move to another part of the country with not-so-perfect weather but a decent economy, where you could afford a nice home. Or you can stay put in the Bay Area and enjoy the lifestyle while knowing it's unlikely you'll ever be able to afford to buy property there.
Your choice.
This is why I invest in stocks. I have no other option.
This is why I invest in stocks. I have no other option.
You do have other options, you just don't like them. And I'm not sure you've even properly investigated them. Have you ever lived anywhere outside of California?
You do have other options, you just don't like them. And I'm not sure you've even properly investigated them. Have you ever lived anywhere outside of California?
Stocks have a good returns and I don't mind the volatility but it makes me sad that my postwar counterpart (making the same money adjusted for inflation, same age, and same net worth adjusted for inflation) had a humidor, a 3 bedroom 1-2 bath house near where I live, a liquor cabinet, a Cadillac in the drive way, and wore suits everywhere because he "made it" but I am struggling through poverty and stocks don't fill that gap of failure.
As I said in reply to another of your posts, your post-war counterpart did NOT in fact have all those things. You have a seriously distorted view of how well the average American lived in the 1950s. Why don't you talk to some folks like Escort Rider, who was actually alive then, and find out how the "successful folks" ACTUALLY lived during those times?
As I said in reply to another of your posts, your post-war counterpart did NOT in fact have all those things. You have a seriously distorted view of how well the average American lived in the 1950s. Why don't you talk to some folks like Escort Rider, who was actually alive then, and find out how the "successful folks" ACTUALLY lived during those times?
You clearly didn't see "my counterpart". I'm not talking about the equivalent of a college student with 30k of debt working at McDonald's. Even the average laborer was able to own a home back then with 1 income.
Owning a Cadillac in those times were what successful people did (and what I still associate with success). Also owning a 3 bedroom 1200-1500 square foot house was another thing successful people did.
You clearly didn't see "my counterpart". I'm not talking about the equivalent of a college student with 30k of debt working at McDonald's. Even the average laborer was able to own a home back then with 1 income.
No, the average white male was able to afford a home on one income - and that was only because women and non-whites weren't allowed to compete equally in the workforce. Funny how you left that minor little detail out of your story.
Quote:
Owning a Cadillac in those times were what successful people did (and what I still associate with success). Also owning a 3 bedroom 1200-1500 square foot house was another thing successful people did.
And the Cadillac wore out and had to be replaced every 3-4 years (unlike modern cars, which can go for 200,000+ miles before being junked). And the whole family only owned ONE car.
And 3-bedroom houses are still affordable in most parts of the US. You could have one if you really wanted it. You'd just have to move. Just like you might have had to do had you been born in the 1950s. Even in the halcyon days of the 1950s, New York and San Francisco were expensive places to live compared to the rest of the US.
No, the average white male was able to afford a home on one income - and that was only because women and non-whites weren't allowed to compete equally in the workforce. Funny how you left that minor little detail out of your story.
And the Cadillac wore out and had to be replaced every 3-4 years (unlike modern cars, which can go for 200,000+ miles before being junked). And the whole family only owned ONE car.
And 3-bedroom houses are still affordable in most parts of the US. You could have one if you really wanted it. You'd just have to move. Just like you might have had to do had you been born in the 1950s. Even in the halcyon days of the 1950s, New York and San Francisco were expensive places to live compared to the rest of the US.
I've said this many times before. The "Bay Area premium" was 20% back then, not 500+% like it is
Now.
I've said this many times before. The "Bay Area premium" was 20% back then, not 500+% like it is
Now.
And the population of the US was half of what it is today, and it was much harder for people (wealthy or not) to travel overseas, much less purchase property in foreign countries. Those things aren't going to change.
And once you didn't have to pay anything at all if you wanted a house where I live! All you had to do was stake a claim and successfully farm the land for two years, and the government gave you the land for free. That doesn't mean that life was better for the average person in the 1880s than it is today. Rather the opposite, in fact.
When you compare the past to the present, you have to compare ALL of the past, not just the parts you like the best.
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