5 ms·

the generation of americans that were in their earning prime years during the late 70s and the 80s were the lucky ones...and their kids are lucky, too. Those ea

the generation of americans that were in their earning prime years during the late 70s and the 80s were the lucky ones...and their kids are lucky, too. Those earners in that time frame were able to stash their earnings into nearly risk-free certificates, which over the years increased and doubled and doubled again. And now their children are inheriting that money. We may never see the like of that financial boon again, at least not here in america. Economic growth here in america now depends on population growth. And since americans are not having many children, the establishment is looking to bring in people from outside in order to obtain growth. However, some americans don't want this. It is the establishment vs the american majority on whether america will return to growth via population importation or whether we will go the way of japan. This is the new war.

pmiller2 11y ago
That's completely untrue. In the late 1970s and early 1980s, we also had crippling inflation to go along with those high interest rates.
- marincounty 11y ago
  Yea, the inflation in the 70's really affected my adult life. I remember saving up for a toy, and going to the store and it went up in price. I didn't understand, but later in life I found myself buying stuff I might need just because it was a good price. I got some money in the 90's and was going to buy a Harley. I was going to ride across the United States. I kept telling myself, the minute I really see inflation kicking in, I'll buy the bike. Well, I never bought the bike, but it wasen't because of inflation.
Altay- 11y ago
We are in the midst of a financial boom today: The great exodus of the upper working class from the suburbs back into tier-1 city cores. I don't know what will prove to be the best way to capitalize on this shift, but here's my guess: Use today's low rates to get a mortgage for a property downtown in a place like Seattle. Be wise and purchase an easily partionable property that can be partially rented out to cover the mortgage and you're golden. If Seattle is out of your price range, Houston is a great starter city. Low prices, near the coast, growing state, etc.

pmiller2 11y ago

That's completely untrue. In the late 1970s and early 1980s, we also had crippling inflation to go along with those high interest rates.

marincounty 11y ago
Yea, the inflation in the 70's really affected my adult life. I remember saving up for a toy, and going to the store and it went up in price. I didn't understand, but later in life I found myself buying stuff I might need just because it was a good price. I got some money in the 90's and was going to buy a Harley. I was going to ride across the United States. I kept telling myself, the minute I really see inflation kicking in, I'll buy the bike. Well, I never bought the bike, but it wasen't because of inflation.

Altay- 11y ago

We are in the midst of a financial boom today: The great exodus of the upper working class from the suburbs back into tier-1 city cores. I don't know what will prove to be the best way to capitalize on this shift, but here's my guess: Use today's low rates to get a mortgage for a property downtown in a place like Seattle. Be wise and purchase an easily partionable property that can be partially rented out to cover the mortgage and you're golden. If Seattle is out of your price range, Houston is a great starter city. Low prices, near the coast, growing state, etc.