Re:Baby boomers are becoming homeless at a rate not seen sin...
by carlosjobim on Monday September 25, 2023 @08:03AM
(#37642385)
> People have "checked out from the system" because the system has abandoned them. When homes are $1M or more, there is no point working a second or harder job in order to afford a home, for many people owning a home is now forever out of reach.
In the past decade I've seen a ton of young labourers who just do seasonal work and then spend the rest of the year backpacking or living in a cheap country Asia. These are talented and very hard workers, but they have little chance to make a life for themselves in the country they grew up in.
They will loose money if they stay and work the whole year, because of the cost of living, and the progressive taxes, not to mention that all-year employment is usually the 9-5 with no overtime. Better to make a quick buck working hard in the season and then go travel and have a much higher quality of life for much less expenses. You'd be dumb not to do it.
The people who have a chance of owning a home are either those whose parents help them financially or those who manage to get a government or corporate full time job that the bankman likes. The rest are completely screwed, and have been for decades.
In the past decade I've seen a ton of young labourers who just do seasonal work and then spend the rest of the year backpacking or living in a cheap country Asia. These are talented and very hard workers, but they have little chance to make a life for themselves in the country they grew up in.
They will loose money if they stay and work the whole year, because of the cost of living, and the progressive taxes, not to mention that all-year employment is usually the 9-5 with no overtime. Better to make a quick buck working hard in the season and then go travel and have a much higher quality of life for much less expenses. You'd be dumb not to do it.
The people who have a chance of owning a home are either those whose parents help them financially or those who manage to get a government or corporate full time job that the bankman likes. The rest are completely screwed, and have been for decades.