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It occurs to me now that I'm replying to a post titled "We're worse off than we were in the 1955"
Who, exactly do you mean by "WE"?
If you defined that demographic for us, then maybe we can get a better handle on this.
Maybe not. I almost died from measles in 1958. I was small child but I remember one of the last polio epidemics right before the Salk vaccine became available.
My husband got polio when he was 4 years old...the next year I got the vaccine in kindergarten.
He lived in California then, I lived in Ohio.
It occurs to me now that I'm replying to a post titled "We're worse off than we were in the 1955"
Who, exactly do you mean by "WE"?
If you defined that demographic for us, then maybe we can get a better handle on this.
How about "rent slaves are worse off today than they were in 1955."
For example, today, half of all low-income renters spend at least half their income for shelter, according to Mortgage News Daily. Renters in this country have never been financially distressed to a greater degree than they are today.
Be interesting to see the average square footage of those 1955 homes. I think that is when my house was built. It was 65k and is plenty nice for me
I know, right? My parents bought one of those average homes for $17,500 (not $10K) in 1957. It was 1080 square feet, no basement, no attic, no garage, no air conditioning, and was in Cleveland, not exactly the city of the future. Today, an average new home is more than twice as big and has all the features I mentioned, so it should be more expensive.
How about "rent slaves are worse off today than they were in 1955."
For example, today, half of all low-income renters spend at least half their income for shelter, according to Mortgage News Daily. Renters in this country have never been financially distressed to a greater degree than they are today.
So many are now attracted by jobs and other amenities to the metro areas. Including the foreign rich. Space limited, overheads higher, as are rents. Rents are much cheaper in the boondocks for those that can be satisfied with that sort of lifestyle choice.
My door is a curtain.
I don't buy food at all because I can't afford to because it would cut into my savings.
I don't believe this for one second. Your door is a curtain and you're starving to death?
Quote:
Originally Posted by Perma Bear
If I had a home I wouldn't need a computer. I'd host a party, watch an Andy Griffith or leave it to beaver rerun, or read a book while my housewife made me a sandwich in my kitchen. Then I'd hop into a Cadillac and go about Town to either my broker, take an international flight, or visit the opera. I could
Enjoy life instead of living in poverty.
Yup that is what all the millions of homeowners do. Every day, parties and sandwiches.
Clearly your issues are much deeper than low income.
I've owned two homes, am not a homeowner now, and I agree with him... home ownership is overrated.
How many homes have you owned where that experience backs your opinion?
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