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A mortgage is 30 years. Who thinks most people will have well-paying jobs in 20 years? In 10? In 5? What's the current percentage of American workers who can a
by realce 2y ago
A mortgage is 30 years. Who thinks most people will have well-paying jobs in 20 years? In 10? In 5? What's the current percentage of American workers who can afford a house, a car, and a single child responsibly? What's the average income-to-mortgage ratio in America, is it sustainable?
What rationalization are we supposed to have for self-worth when robots and AGI do all of "our" labor?
This entire society is melting down so that a handful of billionaires can have and do whatever they dream of, the rest of us are supposed to do what exactly?
We're supposed to find meaning and worth in the scraps that are left?
edit downvotes without rebuttals are equal to "shut up and keep working"
- weweersdfsd 2y agoYeah, it's more or less same mess in Europe too. Young people are supposed to take 20-30 year mortgages that require a stable career to pay back, while corporations do their best to make everyone unemployed via advances in AI and robotics. Hell, my country also shares more than 1000km of with Russia, and who says we won't have WW3 in 20-30 years? At this point the main economic improvement in my life will probably come when I inherit my paren't house. Career, work, that is all uncertain to build a life upon, so I will just rent and downshift.
- jen20 2y agoIt is _far worse_ in Europe since mortgages are typically not fixed rate for 30 years - an aberration almost unique to the US.
- weweersdfsd 2y agoOh yeah, you're right. Rising rates basically crashed the entire construction sector in my country for that reason, since few people can afford the rates, so no new mortgages.
- jen20 2y agoStop being a turkey voting for Christmas. Lose the puritanical outlook on life and start considering the myriad ways a few hundred billionaires could be stopped by the general population at large.