Re:In Their 20s, Struggling to Save and Tired of Being Lectu...
by david38 on Wednesday January 25, 2023 @06:16PM
(#34525536)
True, but many people look back and say “back in the day people could do X” and cherry pick.
What they ignore is how long people lived at home for, how many people jumped immediately into marriage. This whole business of everyone having their own place is not sustainable, despite what we see in TV.
Re:In Their 20s, Struggling to Save and Tired of Being Lectu...
by jewayne on Thursday January 26, 2023 @09:51AM
(#34532287)
Interesting thing I learned during the pandemic: There are actually countries where more people live alone than in the United States. In particular, in Sweden, the vast majority of all unattached adults, even young ones, live alone, without roommates. So, I have to push back against the idea that a permanent housing shortage forcing people into multi-person living arrangements is the natural default.
Which is cool until the point that rents take up 100% of your income and then you're screwed.
Let's imagine a world where almost everyone makes $7 an hour. You would expect pricing in the world to reflect that and housing to fit in that budget.
But now in that world you create a small percentage of people that can print as much money as they want. These people that print as much money also have a terrible problem as they are completely greedy and always want more. You'd expect the first outcome of this situation to be asset inflation. The behavior of the greedy would be to buy up as many 'real' assets with their fake money as quickly as possible. Eventually the behaviors of the people earning $7 simply don't matter. The greedy will extract as much wealth as possible and drive up costs beyond the point of survival until a significant portion of the population is tossing the other half of the population in to guillotines.
It is important to keep income inequality under control if you want a stable society (that's not a police state).