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CCP financing
McD's has had to cut prices because a third of households can't afford to go once a week and get a couple of happy meals.
In the 1950’s, an average dude on the basis of a factory job could buy a home, cars, and put his kids through college.
I’d say we have been in a boiling-the-frog depression defined by a plummeted standard of living. Two parents working full time can’t match the 1950’s dude’s standard of living.
THE TWO INCOME TRAP
also building code makes it more expensive to build as well as builders do not want to build affordable housing since they cannot make enough profit (unless they get subsidized by the government and / or Non Profits / NGOs)
In the 1950’s, an average dude on the basis of a factory job could buy a home, cars, and put his kids through college.
Meatloaf was a once-a-week treat.
We eat about the same amount of Red Meat as we did in the 50s, but a lot more Poultry.
A single mom today living in a trailer park and driving a 10 year old car has a far more luxurious lifestyle than that working family of the 50s and early 60s
A single mom today living in a trailer park and driving a 10 year old car has a far more luxurious lifestyle than that working family of the 50s and early 60s.
The tragedy of single mothers notwithstanding, for the most part what you describe doesn’t exist. That is to say it is ridiculous to claim that a welfare queen compares at all to one income working household from the 50’s and 60’s. Not to mention the welfare queen is not saving for retirement or building equity in her house. It is just daft bloviating.
my cousin's kid, who manages a Dollar Store and has a trailer on a rural half-acre lot.
trailer on a rural half-acre lot.
The house depreciates with time just like the trailer does.
I also know that manufactured homes have a much lower cost going in.
Those are for the crap that builders were making post WWII. Much of our housing stock was designed to be torn down and rebuilt.
As far as NYC goes, the homeownership rate is 30%. The wealth disparity is immense. You cannot have a kid in public school with good conscience.
Don't get me wrong. Some things have improved, but affordability of housing, healthcare, and schooling and social cohesion...not so much.
Good luck with finding any meaningful work.
While the lot might slowly appreciate, the trailer only Depreciates
While the 1950s home was swelteringly hot during the summer (especially while using a 50s era "Mississippi" stove),
I was referring to people like my cousin's kid, who manages a Dollar Store and has a trailer on a rural half-acre lot.
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