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Why not blame their parents , parents .since that generation took us off the gold standard….plus created the 1960’s -early 80s inflation .
Or was it their parent , parents, parents who brought us World War Two and made us a debtor nation .
All I know is it wasn’t my generation who threw me out of school into the 1970s high unemployment, race riots in the street, Drafted me at the height of vietnam , the oil shortage , and ant war protests filled the cities ….
That was parents generation that did that …
So every generation tries to blame those before them for something .
The reality is those who are going to succeed will find a way …the rest will find an excuse..
That has been true in every generation
Last edited by mathjak107; 11-17-2022 at 07:15 AM..
Meanwhile, back in the real world since a sizable percentage of the US population doesn't live in low cost of living states like Alabama that pay next to nothing in terms of property taxes on real estate.
This shows exactly why it is becoming much more expensive to have kids period:
Meanwhile, back in the real world since a sizable percentage of the US population doesn't live in low cost of living states like Alabama that pay next to nothing in terms of property taxes on real estate.
This shows exactly why it is becoming much more expensive to have kids period:
Meanwhile, back in the real world since a sizable percentage of the US population doesn't live in low cost of living states like Alabama that pay next to nothing in terms of property taxes on real estate.
This shows exactly why it is becoming much more expensive to have kids period:
I grew up in a coastal town in Central Florida where housing costs and property taxes are much higher, and I made the conscious choice to move somewhere where I could live a more properly ordered life.
We had a second home in the poconos which we thought would cost less in retirement then our apartment and life in queens .
I thought about moving pre retirement..
Well we figured out we could make do with about one third less income .
The problem was salaries were half compared to here.
We were better off here ….at least the higher wages gave us a lifetime of higher social security too .
many who leave high cost of living areas and move to cheapsville at retirement find they are in far better shape at retirement then locals .
Especially if they owned homes up here ..even at 3% appreciation a home that ends up at 700k can generate far more profit over the decades then the same 3% appreciation in a 2 or 300k home .
So transplants tend to have more wealth then locals do.
We didn’t even save on housing ..up here we have a 2 bedroom two bath apartment in a high rise .
It is only the two of us and all the kids and grand kids are local .
No one lives with us .
In The poconos all the kids and grand kids stay over so we needed a decent size house.
Meanwhile, back in the real world since a sizable percentage of the US population doesn't live in low cost of living states like Alabama that pay next to nothing in terms of property taxes on real estate.
This shows exactly why it is becoming much more expensive to have kids period:
Tell that to those who bought homes in the tristate area here who paid off their mortgages years ago and taxes are 12-15k or more a year ....
Whenever I mention that the carrying-costs of a fully paid-off house, may be higher, than those of renting an apartment... immediately I get pilloried and impugned as a liar, a maker of false comparisons, and a propagandist for Klaus Schwab.
Whenever I mention that the carrying-costs of a fully paid-off house, may be higher, than those of renting an apartment... immediately I get pilloried and impugned as a liar, a maker of false comparisons, and a propagandist for Klaus Schwab.
That is because they always assume you are renting what you own or would buy .
That is not going to be the case in many cities where there are high rises since building apartments are far cheaper many times then Single family homes in that area.
Look at westchester compared to nyc ..westchester may have some of the highest real estate taxes in the country .
Nyc real estate taxes are much less then westchester or even Long Island .
However nyc has a local income tax and except for Yonkers the other areas do not .
I've traveled through the majority of Alabama, but I've never lived there. I live in Indiana, (northern version of Alabama LOL), which has a property tax cap of 1% on all residential assessed properties. I don't plan on staying in the state for too many more years as there are far better places to live overall.
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