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re: How will young people ever get ahead?
Posted on 5/3/23 at 10:43 am to Allthatfades
Posted on 5/3/23 at 10:43 am to Allthatfades
quote:
I’m older. House, truck and everything paid for. But I walked out of Wal Mart last night with three bags of groceries that cost over $60 and thought to myself, with the cost of a new house these days, and new vehicles easily averaging over $50,000, how are your kids, grandkids, nephews, etc., , ever going to get ahead?
Yes, the cost of everything is up, etc, but I can't help but believe that my kids will have a decided competitive advantage because 1) They're intelligent, not geniuses, like me, and 2) they have a work ethic. I see way too many kids that simply don't want to work and want %$100k for doing menial jobs. Kids these days don't embrace the grind, like we did. I think you will see these types of kids advance far faster than we did.
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Posted on 5/3/23 at 10:44 am to BluegrassBelle
quote:
always chuckle at the “by saving money” folks when the COL makes it almost impossible to save real money right now. Most rent payments cause more than my mortgage.
And hardly anyone in the thread has mentioned student loan debt.. which on top of rent/mortgage and other bills.. makes it hard to really save
Posted on 5/3/23 at 10:45 am to Witulo
quote:
Hewing is a helluva workout with an axe and a adze
My limit with manual labor is tedium. I love to do the things that shows instant progress but the tedious stuff is my limit. I would need some higher tech help.
Posted on 5/3/23 at 10:46 am to AwgustaDawg
quote:
Getting a mortgage on a fixer upper is problematic. Beating out the cash buying flipper is might near impossible
This is the other part that never gets talked about. The vast majority of first time homebuyers need a mortgage. They have absolutely no chance to beat a cash offer without making an outrageous offer well above asking price.
Companies like Blackrock can make huge cash offers over asking price because they have absurdly deep pockets (and the help of the federal government, IMO, but that's another topic). That is extremely deflating for people looking to buy their first house.
Posted on 5/3/23 at 10:46 am to 777Tiger
quote:
quote:
That 3,600 bucks can disappear with one car repair.
not if you you tube it baw
Not to make out as if younger folks ain't cut out to do their own mechanicing but most folks under about 40 or so don't know how to change their own oil, let alone replace a transmission or a motor. They also do not own the tools to do so. The days of going to a junkyard and yanking a small block chevy engine out on Saturday morning and fine tuning it late Sunday night after pulling it with a come a long and a tree are long since gone...very few people would know where to begin, junk yards do not exist and the HOA ain't allowing now come a long motor pulling under no circumstance.
Posted on 5/3/23 at 10:47 am to AwgustaDawg
quote:
It is not a solution for the vast majority of people. Getting a mortgage on a fixer upper is problematic.
Not really
The realtor concealed termite damage from the bank on my first house so I could get a loan
Then I went and changed out the baseplate and whatnot
I’m a master carpenter and journeyman electrician/plumber while working a full time job. I’m a millenial
If I had been born 40 years earlier I’d be a billionaire boomer but to make it as a millenial these days you have to be a master of every trade while also having a PhD and at least 6’4 with a 6 pack and not balding
That’s just to get on at Starbucks
Posted on 5/3/23 at 10:48 am to AwgustaDawg
quote:
Not to make out as if younger folks ain't cut out to do their own mechanicing but most folks under about 40 or so don't know how to change their own oil, let alone replace a transmission or a motor.
This is understandable. Cars aren't what they once were. I have the same cars y'all do, I don't do much work on it.
Posted on 5/3/23 at 10:49 am to 777Tiger
Its a great option for those with the skills or knowledge already. I mean, its a good idea of somebody.
Its not really "out the box", though, when everyone above 47 gives it as a solution.
Its not really "out the box", though, when everyone above 47 gives it as a solution.
Posted on 5/3/23 at 10:49 am to Allthatfades
Guessing this has been posted but.
Become an Electrician, a Plumber, HVAC tradesman. Or go into Engineering. A co-workers kid just signed onto an 80K gig in Engineering right out of school.
But, it is tougher on the kids trying to make their way, no doubt. It's a shame our government is ran by China's pet.
Become an Electrician, a Plumber, HVAC tradesman. Or go into Engineering. A co-workers kid just signed onto an 80K gig in Engineering right out of school.
But, it is tougher on the kids trying to make their way, no doubt. It's a shame our government is ran by China's pet.
Posted on 5/3/23 at 10:50 am to RogerTheShrubber
quote:
This is understandable. Cars aren't what they once were. I have the same cars y'all do, I don't do much work on it.
I grew up working on cars with my paw paw but I don't mess with them too much anymore. They are way more complicated than 30+ years ago. I changed an alternator in one of the kids vehicles awhile back but that's about my limits now.
Posted on 5/3/23 at 10:50 am to AwgustaDawg
quote:
Not to make out as if younger folks ain't cut out to do their own mechanicing but most folks under about 40 or so don't know how to change their own oil, let alone replace a transmission or a motor.
This is because you have to take off 100 lbs of seat belt alarms to even open the hood on a modern car
Posted on 5/3/23 at 10:50 am to Sheep
quote:
You're leaving out the "corporate profits increase rapidly" portion of your equation.
What day does the money start trickling down?
What do corporations do with their profits? Stow it away in a scrooge mcduck vault? Or reinvest into the company, expand, and give out raises/reward their employees?
Posted on 5/3/23 at 10:50 am to A Menace to Sobriety
quote:You have pigeon holed a 4 year span where things were relatively nice in a 4 decade section of shite policy, inflation, and stagnant wages, as if that boosts your argument. Recency bias is a thing.
Look at Trump's tenure, and look at Retard Joe's tenure. It's really the only words I need to say to prove you're the fricking moron, not I. The sane people on this board would completely agree.
Look in the mirror there, my man. Seems like you don't have a clue what goes on in the real world.
In the real world, that same president has helped us get in to this situation with his shite covid policies and even more shite PPE / free money that's partly gotten us where we currently are today. I say partly, because every administration we've had in the past 40 years has helped us get to where we are today. That same president of 4 years you alluded to is in the top 3 of deficit spending. There was only one time is the last 40 years where we had a deficit surplus. Once. And that was in the late 90's.
No one is the better team here. Republicans will spend just as much, if not more than democrats. So yes, I don't care if you think the "sane" people would agree with your "It's all Biden's fault" of where we are at today, because you, and those "sane" people would be wrong.
Posted on 5/3/23 at 10:50 am to Allthatfades
quote:
How will young people ever get ahead?
Half the population can just open their legs ??
Posted on 5/3/23 at 10:52 am to Witulo
quote:
I currently live in a travel trailer sitting on 43 acres of raw land. Land that I only acquired at age 48. I will build my cabin the old way with logs and timbers the way it was done for centuries.
The areas where this allowed by building codes is nearly non-existent in the United States. Yes, it can be done but just living in an RV in most of the country now is not allowed by law unless you are doing so in a park which is zoned for it. It sucks but it is the way of the world.
I would also posit that it will be damned near impossible in most of the nation to get an occupancy permit on any structure built with any forest product which is not grade stamped. Without an occupancy permit you will not have power and so your well will be inoperable...your septic tank will be fine but the state is liable to step in and remove the permit without water. I would further posit that it will be almost impossible to get a mortgage or insurance on that structure. Again, it is no doubt possible under ideal circumstances but it is no viable for the vast majority of people.
Posted on 5/3/23 at 10:53 am to AwgustaDawg
quote:
Not to make out as if younger folks ain't cut out to do their own mechanicing but most folks under about 40 or so don't know how to change their own oil, let alone replace a transmission or a motor. They also do not own the tools to do so. The days of going to a junkyard and yanking a small block chevy engine out on Saturday morning and fine tuning it late Sunday night after pulling it with a come a long and a tree are long since gone...very few people would know where to begin, junk yards do not exist and the HOA ain't allowing now come a long motor pulling under no circumstance.
that was said tongue in cheek and I wouldn't even attempt to try and work on my truck anymore, but every once in a while I'll take something as a challenge and YT it multiple times and do it just to say I did it, the last time I recall doing it was on an F-250 that I had and the power window motor went out on the driver's side window, that wasn't so hard, and that truck was a diesel and there was something weird about getting to a second filter that had to be changed maybe annually, don't exactly recall, but it was a little pricey to have it done and I googled that and did it a couple of times, my new truck? fageddabowdit
ETA: now I remember, it was changing the fuel filters, one required a special socket and the fitting to get to it was beneath the driver's seat under carriage
This post was edited on 5/3/23 at 10:59 am
Posted on 5/3/23 at 10:54 am to 777Tiger
quote:Maybe accept that the advice is kind of bogus?
well then what can I say brother?
quote:Lol no, I'm one who can do most of it. I would sub out concrete, roof, major electrical and HVAC, pretty much everything else I'm doing myself. I'm just telling you that's not really feasible to expect for a young person trying to start life. Less than 5% can do it and a portion of those will end up further behind.
there apparently a few on here that have done it and they are sharing their experience, maybe a little of a defeatist attitude?
This post was edited on 5/3/23 at 10:55 am
Posted on 5/3/23 at 10:54 am to Palantir
W was the best president in history. You could ride your bike everywhere, the whole nation was united over our love of paintball, they served chicken nuggets every Friday. Truly a golden time in our nation
Posted on 5/3/23 at 10:57 am to Duke
quote:
Its not really "out the box", though, when everyone above 47 gives it as a solution.
I'm way older than that, maybe the advice isn't as realistic these days, what us older folks are saying is that was a viable avenue when we were young and starting out, I could do it today if I had the desire, I get it that some of you have no interest in that but that doesn't mean it's a bad example or bad advice
Posted on 5/3/23 at 10:58 am to Allthatfades
quote:
how are your kids, grandkids, nephews, etc., , ever going to get ahead?
Had this conversation the other day. One thing that stuck out to me that multiple people said was "the small town revival" needs to happen. In my area, the small towns are shrinking while the city/metro area continue to grow. The home prices, cost of living, and blue collar jobs are still in the small towns. Maybe not thousands of jobs, but hundreds.
I get it though, no amenities, not as good schools, etc, etc.
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