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Old 05-11-2012, 08:03 AM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720

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Quote:
Originally Posted by pollyrobin View Post
That is so not the norm. Accept it. This generation is screwed for the
time being...until we have an economy that works, they can't possible
be capable of carrying the taxable load of the retired generations before
them.

As far as the price of homes, they've crashed if you haven't noticed.
Most folks unaffected got out in 2004. Their only woe - lack of
investment and higher interest rates....

I know everything is fine in Texas but no so, goes the rest of
the nation
4 Different Rules of Thumb For How Much House You Can Afford » My Money Blog
By definition, a “rule of thumb” is meant to be a greatly simplified estimate for a complicated matter. So let’s see what happens when I search for “rule of thumb” + “how much house can I afford” on the internet:
Washington Mutual Bank suggests anywhere from 3 to 5 times

 
Old 05-11-2012, 08:10 AM
 
Location: USA
13,255 posts, read 12,133,458 times
Reputation: 4228
Quote:
Originally Posted by pollyrobin View Post
That is so not the norm. Accept it. This generation is screwed for the
time being...until we have an economy that works, they can't possible
be capable of carrying the taxable load of the retired generations before
them.

As far as the price of homes, they've crashed if you haven't noticed.
Most folks unaffected got out in 2004. Their only woe - lack of
investment and higher interest rates....

I know everything is fine in Texas but not so, goes the rest of
the nation
This I agree on.
 
Old 05-11-2012, 08:11 AM
 
Location: USA
13,255 posts, read 12,133,458 times
Reputation: 4228
Quote:
Originally Posted by HappyTexan View Post
4 Different Rules of Thumb For How Much House You Can Afford » My Money Blog
By definition, a “rule of thumb” is meant to be a greatly simplified estimate for a complicated matter. So let’s see what happens when I search for “rule of thumb” + “how much house can I afford” on the internet:
Washington Mutual Bank suggests anywhere from 3 to 5 times
Do you honestly think the problem is people buying homes that they can't afford? What about putting food on the table and gas in the car to get to and from work.

Your showing that your out of touch with the working poor in this country.
 
Old 05-11-2012, 08:12 AM
 
2,930 posts, read 2,225,524 times
Reputation: 1024
Quote:
Originally Posted by Gtownoe View Post
I'm not speaking from hearsay either. One of my businesses is in the meat packing industry. It's a very labor intensive industry. There is no sitting down except for breaks for those in actual production.

I stand by my statement.

Our businesses span the late '60s to present from cities in the millions, to small towns of 6000. Businesses in several different fields from automobiles, assest dispersal, home construction, farming, to medical practice.

Having employed many generations of workers in many different fields is much more revealing than just "labor intensive" ones. Of course, there are natable exceptions, but as a group give me the boomers. Their work ethic was much better than the later generations.
 
Old 05-11-2012, 08:17 AM
 
Location: Sinking in the Great Salt Lake
13,138 posts, read 22,824,585 times
Reputation: 14116
Quote:
Originally Posted by Oleg Bach View Post
Hung out with hippies but never really was one of them..Kind of an infiltrating observer..Always thought of them as weak. During a large out door rock festival- near closing..I sat around a fire with some young boomers...they had a pound of pot..and were smoking- not a few joints but a pound...

There was the rumbling of motorcycles and a few tough non-hippie types rolled over the hill..They stopped and sampled a puff..they liked the pot- so they casually picked up the pound and rode away with it..The baby boomers just sat there like little cowards...yes they were big BABY boomers....I think this is what they were really like...talked about peace and love and free sex- but refused to fight for their own rights.............now a generation later- this generation has less rights due to this cowardice that spawned from the hay day of the boomers.
If that would of happened to a group of Xers, we would have pulled out our Tec 9's, capped them all, eaten their livers and build a monument to satan out of their corpses and motorcycle pieces.

Or... we would have been like, yea, whatever dude, we're too tired to kill you now and will just get some more weed from Mom and Dad.
 
Old 05-11-2012, 08:18 AM
 
Location: New Jersey
12,755 posts, read 9,652,910 times
Reputation: 13169
Quote:
Originally Posted by Gtownoe View Post
I think your proving the Millenial's point. If you adjusted for inflation the price of what everything cost back in your day, with what it costs now, you'd understand that our spending power is much less than it was in your day. You'd also understand that WE CAN NOT CONTINUE DOWN THIS PATH ECONOMICALLY.
These are 'starter' homes. I'm sure there are some just like this in your neck of the woods.

http://www.realtor.com/realestateand...75000#sortby-1
 
Old 05-11-2012, 08:20 AM
 
Location: USA
13,255 posts, read 12,133,458 times
Reputation: 4228
Quote:
Originally Posted by sol11 View Post
Our businesses span the late '60s to present from cities in the millions, to small towns of 6000. Businesses in several different fields from automobiles, assest dispersal, home construction, farming, to medical practice.

Having employed many generations of workers in many different fields is much more revealing than just "labor intensive" ones. Of course, there are natable exceptions, but as a group give me the boomers. Their work ethic was much better than the later generations.
I'm not going to be able disprove your personal opinion, just as your not going to be able to disprove mine. It's a wash. You have your opinion, I have mine.

With that said. Do you really feel that the problem with our economy is the fact that we have lazy young workers?

(Speaking of lazy, I should be working instead of posting but this thread has really intrigued me. My folks and I have had many discussions on the issue.)
 
Old 05-11-2012, 08:29 AM
 
32,516 posts, read 37,194,204 times
Reputation: 32581
Quote:
Originally Posted by Oleg Bach View Post
Hung out with hippies but never really was one of them..Kind of an infiltrating observer..Always thought of them as weak. During a large out door rock festival- near closing..I sat around a fire with some young boomers...they had a pound of pot..and were smoking- not a few joints but a pound...

There was the rumbling of motorcycles and a few tough non-hippie types rolled over the hill..They stopped and sampled a puff..they liked the pot- so they casually picked up the pound and rode away with it..The baby boomers just sat there like little cowards...yes they were big BABY boomers....I think this is what they were really like...talked about peace and love and free sex- but refused to fight for their own rights.............now a generation later- this generation has less rights due to this cowardice that spawned from the hay day of the boomers.
So even though you thought of hippies as "weak" you hung with them? I'm assuming the dope was the draw.

Well, that's something to be proud of and tell your grandchildren about.

And cowardice of the Boomers: Tet. Khe Sahn. Hue. Battle of Firebase Ripcord. (101st Airborne. Three Medals of Honor won during that battle.) You might want to turn on the TV May 16 for a Medal of Honor ceremony. President Obama will be presenting one, posthumously, to the family of Specialist Leslie Sabo who was killed in Cambodia.)

And on the flip side: Protesting for civil rights, against the war in Vietnam, against the draft.

Leaving home to serve in small villages in the Peace Corps.

Cowards nothing but cowards.

(I'm beginning to think you were about as involved as the man on the moon.)

Last edited by DewDropInn; 05-11-2012 at 08:39 AM..
 
Old 05-11-2012, 08:32 AM
 
Location: around racist white people
1,610 posts, read 1,783,122 times
Reputation: 700
Quote:
Originally Posted by JazzyTallGuy View Post
Again you can't change reality.

DEAL WITH IT!

Winners find a way to succeed, losers make excuses for not getting what they want in life.
You're a conservative now?

Nothing wrong with straight that but truthfully baby boomers had it easier. No denying that.
 
Old 05-11-2012, 09:07 AM
 
22,923 posts, read 15,500,035 times
Reputation: 16962
Quote:
Originally Posted by CK78 View Post
Touche!!!!! LOL!!!! Caught that too! ROTFLMAO!!!!!!!!!
Was paying his parents mortgage with his barely over minimum wage job.

The boomers on here are full of it. I know too many people who refute what they're trying to shovel. It was way easier to get a foothold and establish yourself 20-30 years ago. And ESPECIALLY 40-50 years ago. I have uncles in my own family that attest to this as well as other people that I knew and know right now in flesh and blood. I can't even believe people are trying to defend the competing thesis in this thread.

The only way I can believe it is if there are upper middle/rich people defending it. Like the guy talking about Escalades and other highend cars and tee times. Maybe in your world brother? Not in the working class/lower middles class world.
Full of it?

Take that drive down the highway I talked about and observe; my anecdotal observations are just as accurate as your " I know too many people who refute.....".

That car wandering back and forth, in and out of your lane while you're attempting to pass because the idiot driving it is texting with both thumbs IS NOT being driven by a "boomer" but one of YOU!

Go ahead and book a tee time during week days during work hours and count on one hand how many boomers are out there versus YOUR generation. While you're at it, gander at the number of new cars in the parking lot.

My world IS your world. Try an unbaised approach and you'll get your eyes opened. Talking to your peer group doesn't cut it; of course you're all gonna cry the same river.

You're on here squawking up a storm while "illegal aliens" are out there starting up landscaping business's in YOUR neighbourhood; they're smart enough to know you kiddies don't wanna cut your own grass, tote your own dirt, wash your cars and clean your pools.

Take a drive into a commercial strip plaza of roll-up door business's and I guarantee you'll find at least one shop selling chrome wheels and huge tires for your 4X4 off-road, jacked-up, useless pick-ups and Escalades (that'll never see dirt) and ask about their LEASE plans for those wheels and tires.

You morons put the damn wheels and tires on a lease plan to look good in the hood.

It ain't my generation creating the market for that crap.
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