zayk35
Superstar
Man y'all aint saying nothing ....In San Diego 300K will get u nothing not even in the hoods....and they out here happily advertising"starting in the low 500s"
The low annual income of the typical american worker is disturbing
- Thread starter winb83
- Start date
Good luck making ends meet as a neighborhood florist. That might work in the south, not so sure about major urban areas. What is needed is an upgrade in the transportation system and more sprawl. With the technology behind manufactured homes you can easily put a house together for $30K on a plot of land. The issue is that it takes so much time to get to your job due to traffic in most urban areas. More investment in highways, and also an upgrade to the mass transit system. Anybody here been to Colombia? The Metrovia bus system is truly impressive in Bogota, we could learn a thing or two from them, same with the taxi system in DR. When you own your own home free and clear then all those neighborhood jobs make sense, because even if you only make $40K/yr most of it is going to your pocket and not to a landlord. #1 killer of black communities was integration, #2 gentrification. As bad as the crack era was black communities could have survived, but not with most of the business owners moving to white communities and integrating their businesses with white ones.
Exactly, if you didn't buy those homes in the 90s you will never be able to realistically buy one again.
Yeah, the average home price is 550k. You can get spots for 3, but they aren't much, and usually in SE, Lemon Grove, El Cajon, Ysidro. There are condos being built now by me, downtown, the first floor is starting at 1,000,000. Pacific Gateway. But, NY is even worse, in terms of inequality, and San Francisco.
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What's sad in this country is the general lack of respect for the average person, reminded me of the dude who robbed Migos getting clowned because he got a job at Sonic. What the "elites" of the board don't realize is that without AVERAGE people the capitalistic system doesn't function. All you will end up with is a bunch of subprime financial bubbles waiting to burst at any moment when one banking entity becomes insolvent because they are financing the interest on the interest on the interest of the loan
An intelligent capitalist would want the average american to have the ability to save at least 10% of his income without any worries, own some sort of shelter debt free, and the security of not being bankrupted by a medical emergency. All this "go to school" stuff is a bunch of mumbo jumbo, if everybody in the US became an engineer today, people would be designing motherboards for $10/hr. The average American should be able to be a janitor, or a teacher, or a bus driver, and live comfortably. Anything less is a recipe for economic disaster.Derekjackson2
Banned
Foreign businesses in the hood are spending to kids to college, buying homes, & paying for relatives to come to America. Careers are out there.
Damn, some white folks won't take anything a black man voluntarily gives them. Not even healthcare. That's some hardcore racist shyt right there.
Sigged
What's sad in this country is the general lack of respect for the average person, reminded me of the dude who robbed Migos getting clowned because he got a job at Sonic. What the "elites" of the board don't realize is that without AVERAGE people the capitalistic system doesn't function. All you will end up with is a bunch of subprime financial bubbles waiting to burst at any moment when one banking entity becomes insolvent because they are financing the interest on the interest on the interest of the loan
Exactly. No unions or leverage for workers makes the economy crumble. Only down south, you are able to own a house cause like you said, if you didn't own a house by the late 90s outside of the south, you ain't gonna own a house again. Serfdom is real out there.
South side of Chicago, and I do own real estate, and I've also been presenting facts. Let's say I make $10/hour, that's $400/wk, and let's say I live in the Southside
$700/mo for rent
$100/mo electricity
$200/mo food (very generous)
$50/mo cell phone bill
$50/wk gas
$100/mo health insurance
$150/mo cable & internet
^^^^This is $1,350, I'm left with $150 (please also note this is BEFORE taxes). So with $150 a month left over I am supposed to have a savings account?
In regards to your suggestions:
1) Land Contract: In Chicago? in a non warzone neighborhood?
2) Lease w/ option to buy? in a non warzone neighborhood?You do realize on average you need at least first and last months just to move in to a property? It's so bad now with the poverty landlords don't charge that anymore they charge a "move in fee" of $250-350. And you expect these same people to come up with 10% deposit?
Theoretically you are right, the issue is that this is THEORETICALLY. Before it used to be if you were making $60K/yr you were doing good. Right now breh if you are making $35K/yr you are doing better than most real talk
I forgot about the recession and how it lowered the wages of skilled workers.
So did obamas reluctance to help build those middle class jobs.I forgot about the recession and how it lowered the wages of skilled workers.
The facts that jobs and wages, etc. went down since he came in office is disgusting.
The "average" person isn't workin at sonic tho.What's sad in this country is the general lack of respect for the average person, reminded me of the dude who robbed Migos getting clowned because he got a job at Sonic. What the "elites" of the board don't realize is that without AVERAGE people the capitalistic system doesn't function. All you will end up with is a bunch of subprime financial bubbles waiting to burst at any moment when one banking entity becomes insolvent because they are financing the interest on the interest on the interest of the loan
And gettin an education doesn't necessarily mean getting a degree. It means getting educated in something that will give you a job.
Whether it's as an engineer or a plumber, or a teacher or even a bus driver. Ppl using excuses like its unattainable are the only losers here....
Yeah where the hell is a 100k house located
That shyt doesn't even exist unless you live in some small town.Yeah where the hell is a 100k house located
Where do you live I 'll find one right in a few minutes
you never looked so how can you even make that statement
I live in New York City my G
I'm not getting a house in the state of NY for 100k..
Why do people toss that shyt out there like someone can take $25 to a college in the afternoon and come out with a worthwhile degree and job offer that night?
