2 ms·

In the tech bubble maybe, but in the real world certainly not. In the golden age you had that as a fancy factory worker, now you have that if you're well paid i

In the tech bubble maybe, but in the real world certainly not. In the golden age you had that as a fancy factory worker, now you have that if you're well paid in a well paid industry Real wages completely flattened since the 70s, and even declined in some western countries, while working hours and retirement age both increased. No one in 2024 supports a family and buys a new home/car on a factory salary, I can't even afford any of that while being in the top 20% earners in Germany, given the average cost per sqm and the current mortgage settings, I could afford a 50sqm house with a 30 years mortgage...

xyzelement 3y ago
// can't even afford any of that while being in the top 20% earners in Germany I ask this as a sincere question - according to Google, 50% of germans live in a home they own, and obviously some Germans are having kids (although the birth rate is horrendous) Who are the people that are buying home and having kids? Are these activities limited to the 1%?
- lm28469 3y ago
  Couples with high income, inheritance, people who live on credit and debt, &c. Not many can afford a new house with a single income, let alone to support a family with kids, maybe not 1% earners but definitely around 10%. A friend of mine has kids, they spend 60% of their household income on the flat they rent (2 salaries, both a good 20% above average for the city), that's before the car, heating, electricity, kids spendings, food, &c. and they're already one hour away from the city center by train There isn't much up for debate I'm afraid: https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifomkf25BuWY/v0/-1x-1.png https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifomkf25BuW... https://fred.stlouisfed.org/graph/fredgraph.png?id=QDEN628BIS&nsh=1&width=600&height=400 https://fred.stlouisfed.org/graph/fredgraph.png?id=QDEN628BI... https://www.statista.com/graphic/1/416207/average-annual-wages-germany-y-on-y-in-euros.jpg https://www.statista.com/graphic/1/416207/average-annual-wag... https://www.researchgate.net/profile/Carlo-Jaeger/publication/255612076/figure/fig9/AS:669547560452096@1536643986011/Widening-discrepancy-between-wage-ratio-and-productivity-in-Germany.png https://www.researchgate.net/profile/Carlo-Jaeger/publicatio... https://www.move.org/app/uploads/2020/04/Home-price-changes-since-1975-1024x572.png https://www.move.org/app/uploads/2020/04/Home-price-changes-...

xyzelement 3y ago

// can't even afford any of that while being in the top 20% earners in Germany I ask this as a sincere question - according to Google, 50% of germans live in a home they own, and obviously some Germans are having kids (although the birth rate is horrendous) Who are the people that are buying home and having kids? Are these activities limited to the 1%?

lm28469 3y ago
Couples with high income, inheritance, people who live on credit and debt, &c. Not many can afford a new house with a single income, let alone to support a family with kids, maybe not 1% earners but definitely around 10%. A friend of mine has kids, they spend 60% of their household income on the flat they rent (2 salaries, both a good 20% above average for the city), that's before the car, heating, electricity, kids spendings, food, &c. and they're already one hour away from the city center by train There isn't much up for debate I'm afraid: https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifomkf25BuWY/v0/-1x-1.png https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifomkf25BuW... https://fred.stlouisfed.org/graph/fredgraph.png?id=QDEN628BIS&nsh=1&width=600&height=400 https://fred.stlouisfed.org/graph/fredgraph.png?id=QDEN628BI... https://www.statista.com/graphic/1/416207/average-annual-wages-germany-y-on-y-in-euros.jpg https://www.statista.com/graphic/1/416207/average-annual-wag... https://www.researchgate.net/profile/Carlo-Jaeger/publication/255612076/figure/fig9/AS:669547560452096@1536643986011/Widening-discrepancy-between-wage-ratio-and-productivity-in-Germany.png https://www.researchgate.net/profile/Carlo-Jaeger/publicatio... https://www.move.org/app/uploads/2020/04/Home-price-changes-since-1975-1024x572.png https://www.move.org/app/uploads/2020/04/Home-price-changes-...