4 ms·

> My parents had a huge house and property by the time they turned 30. How much was it? You can make 3500€ pre-tax with a bachelors degree in many fields. That

> My parents had a huge house and property by the time they turned 30. How much was it? You can make 3500€ pre-tax with a bachelors degree in many fields. That's around 2200€ after taxes. Two people can live comfortably with ~2500€ and lay away 1900€ a month. You will not be able to buy a property in a big city, but after 10 years you'll be able to pay for a small house. And you even get a tax break for it. Today it's uncommon to be a couple that takes a mortgage together - young people don't really trust relationships in the same way anymore. This halves their net worth to buy a house. I think stable relationships are extremely important for the wealth of our parents. Many older people are now broke because they've split up with their partners. So if you want to have the same wealth, you also have to find a partner who's up for this challenge.

blattimwind 8y ago
> Two people can Like many, they did this on a single income.
- mockingbirdy 8y ago
  Interesting. The inflation-adjusted incomes (median for a more accurate analysis) stayed pretty much the same in the US [1], but the purchasing power dropped. > For example, the Census Bureau reports that the average price of a new home in July 1994 was $144,400. According to the inflation calculator, that price today should be $232,141. The same report places the average sale price for July 2014 at $339,100, however, more than 46% higher than the price when accounting for inflation alone. The housing and living costs are higher today. It seems that capitalists are chasing inelastic demands (people can't really defend themselves there). I can understand why they do this, but politics should use proper regulations to enable normal people to buy their houses. The system seems to be corrupted at those places. [1]: https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-50-year-perspective https://www.advisorperspectives.com/dshort/updates/2017/09/1... [2]: https://www.investopedia.com/ask/answers/101314/what-does-current-cost-living-compare-20-years-ago.asp https://www.investopedia.com/ask/answers/101314/what-does-cu...
- lotsofpulp 8y ago
  Society can't expect the value of labor to remain the same if you double the supply by adding women to it. Plus automation and globalization means no way Americans could continue consuming so much per capita more than the rest of the world. Unless via the use of force, usually military, which the US does but it's not as effective as before.
  - blattimwind 8y ago
    While I don't think the supply was doubled (at least not here), yeah, that seems about right. What this meant is the middle class got nuked. You can't have a middle class family any more with only one parent working; as a mother you're pretty much coerced to work to make ends meet (or take a drastic standard of living and social cut). As an added bonus, people will tell you that you have a bad character and you are morally wrong if you want to look after your own kids yourself.
    - blattimwind 8y ago
      And I think this is one of the most impressive feats here (besides turning, or rather directing, feminism into mainly being about reducing labour costs); a lot like spin doctoring. Instead of gaining actual, actionable choice and freedoms, merely one social ideal (man works, woman cares for the children) was exchanged for another social ideal (both have to work, state handles the children), and the demographic pressuring women into compliance changed perhaps slightly.
  - mockingbirdy 8y ago
    > Society can't expect the value of labor to remain the same if you double the supply by adding women to it. This sounds funny if you think about it. Women fought a long time for emancipation which also means they have the same obligations w.r.t work and other activities. Now they work and the market corrected itself to account for the new labor supply. In the end: No one won except companies. Sounds like a bad deal in general. - - - I don't think that emancipation is bad. I think it's a good thing and necessary for social progress. But I think it's hilarious that good intentions can have these unwanted consequences. I don't want to offend anyone, but I'm too cynical to not laugh about it.
walshemj 8y ago
In what country ? 2200 euros is less than £20k. For what its worth a couple of weeks ago I got a pitch to work in Portugal @100K euros or almost £90k. What a lot of people don't realise that some eu countries where before they joined the eu - developing countries

blattimwind 8y ago

> Two people can Like many, they did this on a single income.

mockingbirdy 8y ago
Interesting. The inflation-adjusted incomes (median for a more accurate analysis) stayed pretty much the same in the US [1], but the purchasing power dropped. > For example, the Census Bureau reports that the average price of a new home in July 1994 was $144,400. According to the inflation calculator, that price today should be $232,141. The same report places the average sale price for July 2014 at $339,100, however, more than 46% higher than the price when accounting for inflation alone. The housing and living costs are higher today. It seems that capitalists are chasing inelastic demands (people can't really defend themselves there). I can understand why they do this, but politics should use proper regulations to enable normal people to buy their houses. The system seems to be corrupted at those places. [1]: https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-50-year-perspective https://www.advisorperspectives.com/dshort/updates/2017/09/1... [2]: https://www.investopedia.com/ask/answers/101314/what-does-current-cost-living-compare-20-years-ago.asp https://www.investopedia.com/ask/answers/101314/what-does-cu...
lotsofpulp 8y ago
Society can't expect the value of labor to remain the same if you double the supply by adding women to it. Plus automation and globalization means no way Americans could continue consuming so much per capita more than the rest of the world. Unless via the use of force, usually military, which the US does but it's not as effective as before.
- blattimwind 8y ago
  While I don't think the supply was doubled (at least not here), yeah, that seems about right. What this meant is the middle class got nuked. You can't have a middle class family any more with only one parent working; as a mother you're pretty much coerced to work to make ends meet (or take a drastic standard of living and social cut). As an added bonus, people will tell you that you have a bad character and you are morally wrong if you want to look after your own kids yourself.
  - blattimwind 8y ago
    And I think this is one of the most impressive feats here (besides turning, or rather directing, feminism into mainly being about reducing labour costs); a lot like spin doctoring. Instead of gaining actual, actionable choice and freedoms, merely one social ideal (man works, woman cares for the children) was exchanged for another social ideal (both have to work, state handles the children), and the demographic pressuring women into compliance changed perhaps slightly.
- mockingbirdy 8y ago
  > Society can't expect the value of labor to remain the same if you double the supply by adding women to it. This sounds funny if you think about it. Women fought a long time for emancipation which also means they have the same obligations w.r.t work and other activities. Now they work and the market corrected itself to account for the new labor supply. In the end: No one won except companies. Sounds like a bad deal in general. - - - I don't think that emancipation is bad. I think it's a good thing and necessary for social progress. But I think it's hilarious that good intentions can have these unwanted consequences. I don't want to offend anyone, but I'm too cynical to not laugh about it.

walshemj 8y ago

In what country ? 2200 euros is less than £20k. For what its worth a couple of weeks ago I got a pitch to work in Portugal @100K euros or almost £90k. What a lot of people don't realise that some eu countries where before they joined the eu - developing countries