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Housing prices and tuition have risen far faster than salaries in the last 20 years, meanwhile entry level jobs with possibility of advancement have dried up. O
by HarryHirsch 6y ago
Housing prices and tuition have risen far faster than salaries in the last 20 years, meanwhile entry level jobs with possibility of advancement have dried up. Offering "financial literacy" as a solution in the current environment is like the "identity theft" scam, when people get the blame when a fraudster opened credit cards in their name. The system is not working any longer.
- throw0101a 6y ago> Housing prices And interest rates have fallen, so monthly payments may be net the same. Rising prices could have an impact of down payments though. In the US, inflation-adjusted mortgage payments seem to be at the lowest they've every been: * https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/ https://awealthofcommonsense.com/2021/03/what-if-housing-pri...
- HarryHirsch 6y agoI'd offer rental prices in Boston for consideration: https://fred.stlouisfed.org/series/CUURA103SEHA https://fred.stlouisfed.org/series/CUURA103SEHA The ladder was pulled up in the mid-nineties, and since 2008 it's out of reach.
- tomrod 6y agoInstead of railing against policy that would help operating in a system because it's doesn't apply global changes, perhaps consider that the policy suggested still has demonstrable merit.