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One might focus on the idea of autonomy. The less one has to deal in the money based economy, the less money one needs to live the good life.
Go PUNK AMISH.
It seems that almost all the decent jobs nowadays are located in overcrowded, expensive cities. As a Millenial who makes $90k and is realistic about what he can afford, I know that it's unlikely I'll ever be able to realistically afford a house, a new car or a family. Vacation? What's that? I fully expect that I'm going to have to work harder/smarter every year just to keep up with the cost of living and competition from outsourcing/insourcing. I'm curious how we expect to have a society if hardly anyone can afford to raise a family. Seems like the system is doomed to implode.
Welcome to the world, life has never been easy but it's easier now than ever in my opinion (at least one of my kids probably agrees with you). I have 3 millennial children and 2 of the 3 have homes in the Seattle area. My son is looking to get a bigger house and yes, he is looking at about $750K which he is approved for....as others have mentioned, he could buy a much cheaper house elsewhere but he wouldn't have the income he has in Seattle.
I lived in a decent sized city for 2 years and I simply don't get why people want to do that when they seem miserable, I understand some people love the city life, but there are tons of affordable good cities all over the country. I moved to the Midwest and now make $45K a year. Own a 3 bed 2 bath home paid off before my 30th birthday. Drive a 2013 RAV4 with 40K miles (paid off) and get 2 weeks of vacation a year. I lived in a hilly wooded area with almost no crime. My neighbors all are great people. My older retired neighbor plows our drive when it snows, for free. I have a great quality of life and make less then $50k a year.
It seems that almost all the decent jobs nowadays are located in overcrowded, expensive cities. As a Millenial who makes $90k and is realistic about what he can afford, I know that it's unlikely I'll ever be able to realistically afford a house, a new car or a family. Vacation? What's that? I fully expect that I'm going to have to work harder/smarter every year just to keep up with the cost of living and competition from outsourcing/insourcing. I'm curious how we expect to have a society if hardly anyone can afford to raise a family. Seems like the system is doomed to implode.
The libs are letting illegals run amok and importing hundreds of thousands of muslim strangers. In 30 years this country will be a ****hole
With the government not working towards protective trade and not addressing MASSIVE COL increases yes it is. I'm starting to think the housing industry needs to be regulated to try to force them to pander to low-income people on the occasion. Phoenix has seen almost a $300/month increase in rent in some of the apartments I've seen over the course of a couple years (rents used to be fairly stable). And the apartments I'm talking about aren't where high-income people are living.
The government isn't for the people anymore, it's for the corporations, and it's actually really sad as I have another 50 or so years to work in this environment.
Low income housing programs already exists.
If anything, housing is over-regulated with restrictive zoning laws that are artificially suppressing the housing supply. While I'm not familiar with the real estate market in Phoenix, my guess is that it's becoming an attractive place to live and the market hasn't been able to build enough new residences (yet?). This gives existing owners an advantage when it comes to negotiating with potential tenants and buyers. Look at places where people don't want to live, like Detroit. They can't even give houses away over there!
All of this will happen regardless of protective trade and cost of living increases because it's all relative. People compete against each other for housing. Desirable places to live will always cost more than generally less desirable places.
In 1980 I intentionally moved here. Came down on a bus with 500 bucks.
In 1980 there was a booming Houston newspaper market in Michigan - for the Sunday job listings. Except that I didn't have $500 bucks and couldn't afford to take a bus anywhere.
A salary of $90,000 a year for a single (not combined household income) individual places one in the upper-classes of America. It does in Milwaukee. The per capita income in the whole of the United States (it's way less in Milwaukee) is around $57,000 a year I think.
No. The MEDIAN HOUSEHOLD income is a little over 53,000 dollars per year in the U.S. in 2015. Per capita means each individual.
In Seattle median household income is around 73,000 dollars. Milwaukee? $43,385 after suffering a 10% decline from 2009.
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