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Old 05-16-2017, 03:03 PM   #38
Enoch Root
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Join Date: May 2012
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Quote:
Originally Posted by blankall View Post
I think you're missing a generation in your analysis. What you're referring to is true of the parents of the baby boomers.

The issue is with baby boomers, who when they reached adulthood bought nice homes, had good wages, etc...They are continuing to get richer and richer, and the generation below them is suffering from it. I don't see how the standard of living in the 1950s or earlier is relevant to the issues at hand.

As others have stated, wealth is increasingly concentrated in a few hands. Salaries are stagnant. The cost of capital and labour is huge. Yet, if you were lucky enough to buy a home anytime prior to the last 10+ years, you stand to reap a huge winfall. It's a system that has created false wealth that is then used to strangle anyone looking to get into the market, as they will essentially spend their lives as indentured labourers. Housing is a basic need, and it's not something that can be foregone.
Patently false
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