As someone who’s mom never owned a home because of poverty, always rented and one day the price of our apartment went from 650$ a month to 1,850$ a month, and then they act like all homeless people are on Fent
I grew up poor but my parents were realtors and at least bought a home such a long time ago it was still affordable. Renting your whole life sucks. I hope you can get your own place soon
Retirement may be difficult for an increasing number of people. Saving money is difficult due to expensive rents, inflation, and low-paying jobs. These days, middle-class Americans also struggle to own a home, which prevents them from having a place to call home.
My goal to work part-time, save for the future, and retire at age 62 has been affected by the rising costs. Whether or not people who survived the 2008 financial crisis had it easier than I am right now worries me. A decline in salary coupled with stock market volatility is making me worry about whether I'll have enough money for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Imagine making $52k and getting a $1k raise at work financially ruins you because you are now considered "middle class" and your kids no longer qualify for financial aid for school, no medicaid and no food stamps. That $1k annual bump could potentially cost you tens of thousands of dollars of added expenses. Middle class is broken.
The whole system is broken. I'm poor AF but yet when I work 26 hrs of OT per week my check is like $10 more than when I work 19 hours of OT because the taxation rate kicks into turbo fig mode around there? What purpose does that really serve other than to ensure no matter how much I work, I can't get ahead?
@@SteveBreen-t3w umm...that's not how taxes work. If you work 7 additional hours of overtime and only make $10 extra, you would be making $1.40 per overtime hour. There is no "turbo mode" for taxes - when you go past a certain bracket, ONLY the income AFTER that bracket is taxed at a higher rate, and it's typically going to be maybe 2% extra, not 90% extra. Look at your pay stubs again to figure out what happened.
@@TheFrygarif you look at only the federal level then yeah, you're right. But if you look at all withholdings figured together then no it actually does ramp up significantly when you hit certain points. The $10 may be an exaggeration but it's not that big of an exaggeration.
@@SteveBreen-t3wdoesn’t work that way, you might end up getting a much bigger return this way though. But the way taxes work is that there are brackets. Here’s the 2024 brackets: $0-$11.6=10% $11,601-$47,150=12% $47,151-$100,525=22%(insane) The way this works is that at the end of the year the money you earned from $0-$11.6k is taxed at 10%, then anything above that is taxed at 12%, then anything above that bracket is taxed at 22%. So only the money earned in that bracket is taxed at that rate. So if you earned $50,000 in a year you money is taxed like this: $11,600 taxed at 10% $35,549 taxed at 12% $2,849 taxed at 22% On top of this there are also deductions. The standard deduction for 2024/2025 is $14,600 for a single filer. This means you take that $50,000 you earned and sub tract the deduction ($35,400). The $35.4k is your taxable income so actually you’re only going to be taxed: $11,600 at 10% $23,800 at 12% Which is a total of $4,016 in federal taxes. So your issue might just be the way your taxes are being withheld. Either that or you’re lying. But if it is an error that you’re barely earning anything extra from those extra hours because it’s all being taxed, you’ll get that money back on your tax return because you’re being over taxed.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@PatrickLloyd- Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The other problem is that there aren’t regulations preventing this. So no matter how much housing you build, they can just buy up the new supply and nothing changes
Read the chart. The amount rent goes up each year is at 18% and climbing. They are not saying that rent has gone up that much, they are saying that the rate of increase is increasing. That's what's so alarming.
Been in the same town in Canada since 2000 - basement was ~ 500 in 2000s, same one now is anywhere from 1.3-1.5K while apartments are upwards of 2.2K bare minimum. Salary hasn't even increased 50% compared to 25 years ago, higher tax bracket and inflation on top of that, you're fucked.
@@sbsftw4232 Rent can't have gone up at 18% each year since 2001 because that would end up at $32,237 a month from $607 in 2000. Even if it were half, at 9% annually, that would still make it $4802 a month.
18% is the dashed line part I believe, so from 2019 to 2022, maybe.. The chart is hard to read and showing the increase of 1300 USD between 2001 and 2022 makes it misleading as one easily reads that it would be 18% for the same period. Well done NBC, even a professional economist and banker has a hard time making sense of your charts and all I do is create and analyse charts.
In Japan you can’t even buy property unless you are a resident. In America they let all these foreign investors purchase property while Americans live on the street.
That is what uncontrolled capitalism does. Not saying socialism is better, but capitalism must be regulated. If not, as time goes on, eventually there will be one person who owns everything😅
Any system which is left unattended will have its weaknesses and holes exploited. There are so many loopholes and flaws in our laws and corporations have punched enormous holes in everything.
You can buy property in Japan, for quite cheap actually. The only problem for a foreigner buying in Japan is rehabbing the property and then living there.
The first and last meeting my corporation included me in left a lasting impression. I distinctly remember the CFO saying something like, "What do we do for customers who stay and keep renewing with us? We steadily increase prices to see how much we can get away with before they leave." I was immediately enraged and blurted out, "Wow, that’s the reward for loyalty?!" To me, this mindset translates directly to how corporations treat long-term employees: "Pay them as little as possible and see how much they’ll tolerate before they leave." This moment showed me a harsh truth: unless we push back, the top 1-10% will keep testing our limits-charging more, paying less-just to see how far they can go before we resist. I don’t know about anyone else, but I believe the time to fight back is now.
Form a group of like minded individuals and make a competitive company that doesn't do that and steal all your former company's constituents until they go bankrupt, or change their policy to compete. It's hard but if your company can't change because the top brass has this style of leadership then you can succeed.
the time might be now, but understand, most people - are addicts of a mind altering substance. in my book, sobriety and housing are very much dependent on each other even tho it doesnt seem like it should. before housing, we have a sobriety pandemic.
I don't even care if I can technically "afford" a house. It's a fucking rip off that we make essentially the same wage our parents did, but instead of 200k we need to spend 600k on our shelter.
I recently bought a house. 10% of my mortgage payment goes to the principal. Over 65% of my monthly payment goes to interest. The ONLY way I was able to afford it was with the VA home loan which had no down payment. With down payment and closing cost would have been over 100k out of pocket. Plus the cost of repairs/ necessary maintenance. I'll end up paying over 1 mil over the lenght of the 30 yr mortgage. I honeslty never thought id "own" a home. The housing market is so effed.
This is why I don't look down on people for not going to college, living with their parents and not tipping. It's impossible to even breathe without it costing something now these days 😅
@@SavantPete While the Markers create the Necromorphs by recombining dead flesh through their signal, they do not directly guide the creatures beyond sending out general commands to the Nexus forms, with the Necromorphs behaving as little more than animals with an insatiable drive to hunt and gather biomass. As such, the creatures will attack all living beings, even individuals who are under the influence of the Marker[21] or otherwise trying to further the Markers' goal.[22] To protect living beings who are useful to its plans, such as those who are better suited to become "architects" and build more Markers, the Marker signal creates a "dead space" around the artifact - the "eye of the storm" - which forces Necromorph tissue into dormancy.[6] This allows the Marker to draw useful individuals to its base where they will be protected from Necromorph attacks, while their close proximity to the Marker ensures that it can easily infect their minds and bend them to its will.[23]
@@SavantPete All Necromorphs are extremely hardy and capable of surviving in lethal environments such as the vacuum of space. This implies a total lack of respiration or reliance upon vascular activity, which explains the Necromorphs' resistance to wounds that would cause massive blood loss due to hemorrhaging in humans. The most effective way to defeat the majority of Necromorph forms is through dismemberment; by cutting off a Necromorph's means of mobility, the creature will collapse and be rendered seemingly inert, although, even in this state, the Marker signal will continue to permeate their body, making minute changes to their structure and causing their cells to continue living.[16] Many Necromorphs also feature yellow, luminescent tumor-like growths or pustules filled with bile;[17] these sacs often explode violently when ruptured.
@@SavantPete The generation of a Necromorph begins with the Markers and the highly concentrated electromagnetic signal that they broadcast. When it pulses, the signal can alter dead tissue within a certain range on a cellular level, converting it into pure Necromorph tissue and re-animating the corpse of the host organism into a deadly new form.[3][5][7] All Necromorph cells are animated by the Marker's carrier wave; without the Marker signal, the creatures cease to exist and degenerate into an organic sludge of their former host's DNA.[9] The Marker signal also affects the minds of intelligent life forms, usually manifesting in them as dementia, resulting in homicidal/suicidal actions, essentially setting the stage for the coming Necromorph infection.[4] Additionally, the Markers' pulses can imprint a self-replicating signal containing blueprints in the minds of suitable individuals, thus leading them to build Red Markers and continue the cycle
I make 80k a year, my wife makes 50k. Age 30 and 28, we spend 24k a year just on daycare.. not including mortgage, utilities, groceries and insurance. My credit score is 800 and for the first time in my life I have maxed out credit cards. We are in a recession, I don’t care what any expert saids. A family bringing in 6 figures a year shouldn’t be living paycheck to paycheck. Edit: I’m adding this because people will not stop talking about the 800 credit score. Yes, my credit drop like 80 points all within a span of two weeks. My credit is still excellent tho, a credit utilization score hit goes away fast. It will take a year or two to have it back at 800 & usually you end up with a higher score by the time it’s paid off.
Health care and day care for children are really fucked up in USA. But the rest is worldwide problem, In Prague small flat cost like 25 median year incomes.
It sounds like your wife isn't making much more after taxes than she's spending on daycare. It might be better to have her stay home with your children until they are old enough to go to school (even if you send them to private school, that's usually only about $6000/yr on tuition per kid, and Catholic schools will give you a discount per child enrolled), then go back to work. Just a suggestion, but I know single-income families in my friend group, and the women seem much happier caring for their own children all day than the women I know who are grinding at the office
Yeah things aren't good. Check out "usdebtclock" for some perspective. Shows the real time price of things like health care, home cost, salary, debt, spending, etc. It also compares those prices to those of 2000. Definitely eye opening
When I was 20 in 2007, I rented a two bedroom, two bath town house outside Tacoma for $850 per month. I looked at their listings now and it’s $2300 a month! I worked my way through college at a pizza place and could afford to pay my rent, car insurance and tuition off $14 an hour back then. Today that would be impossible even if you’re making $28 and hour
@@DarkwellorBZthanks. I’m lucky for a millennial. I worked for Boeing for ten years and then bought land near my family’s ranch in Montana. Now I cut and process wild game, raise organic poultry, breed LGDs for local ranches and have a farmers market stand. Guys I know in their 20s I feel sorry for. They have almost no hope as it is now
@@igotfriendsinlowplaces2971have lived on my own since 18, am 22 now. The shit i've had to do to grow with this economy is insane. I have the work experience of a fucking 40 year old just by necessity.
Government is to blame; none of these corporations would exist if government wasn't being used to gate-keep it's products and profits. Prices Law wouldn't allow for it.
They also buy up land to develop and buy build warehouses on farm able land. No one ever seems to ask who is selling the land and why they are allowed to do it.
We have the same problem in the UK. My solution is no one, business or person should be able own land without a valid passport for the country they want the land in. If it's a company the managing director would have to bring their passport to the estate agent before the deal can be struck.
When rent is 2,000$/month everywhere, utilities are 300, carpayments 400, groceries for a week (mid groceries, not top Ramen but not steak and shrimp either) is 150$ health insurance is 150 each week, gas for a vehicle is 40-100$ a week, cellphone bill is like 135$ That's just off the top of my head without really fine combing it. the cost of living is disgusting
But it actually isn't "everywhere." The MidWest is filled with LCOL areas. Our youngest just took her first "career job" after completing her college education. Her rent for a lovely duplex across the street from a park (with a private fenced backyard for her dog and an enclosed garage) is $995/month in Salina, KS (with utilities lower than that as well). There are lots of ways to hack the system and its many obstacles to financial stability. And before someone chimes in with the untrue "bUt ThErE aRe No JoBs ThErE," she's earning 123k in her first year because she literally planned her education around a field which offered job prospects + a decent salary in this specific area.
@juliestade7529 well, not everyone is going to move to the Midwest to take advantage of that. If they did, it would significantly increase the cost of living for your area. Like what happened to Nevada when California became super unaffordable and people jumped ship to move to neighboring states.
@Andee1234 i dont get it. "Refusing" and "unable" are completely different things. Take the lady in this video for example. How is she, who gets 125$ at the end of the month, supposed to move her entire life across the country (assuming she's on the west coast) where she has no friends or family, afford a down payment to a house or pay rent and land a job?
No, the people have failed. They have let Governments run without impunity for far too long and expect them to have our "best interests" at heart. GTFOH.
You'd think 78k a year climbing towards 100 eventually, no debt, and 110k for a down payment could maybe land you some form of humble property in a major Canadian city. "Lol", said TD Bank, "Lmao"
In London, UK you could maybe get a property for that although it might be a flat rather than a house and you might have to move an hour outside of the city and commute back and forth every day but that's normal here
TD Bank are bastards. They stole millions of dollars from people with the Penny Arcade thing. A curious citizen hired a Private Investigator to test them out. He got together $100 in change and dumped it in the machine. The machine said he only dumped $70-something dollars in it. They did that all over Ontario at TD Bank locations with Penny Arcades. The most he got was something like $82 at one of them. I got a check for $3.11 from the class-action lawsuit. I bet they made off with it big even after the lawsuit.
Rich people own and control everything. Why would they change it? Works great for them, theyre having a big party with the work we produce. Marx warned us this would happen exactly.
30% goes to taxes, 60% goes to housing, that leaves 10% for utility bills, car payment, insurance and.... oops that's it. no more money. I guess I don't need food
I live in Canada, and we have a similar (or worse) problem. Yesterday I was talking to one of my students who moved back to his parents house and he said that he gave up the idea of having his own house, like ever.
@@GermanEngineer-d7v I start to hear this porblem is in every bigger EU city, no matter the country, it is everywhere :( I'm from capital city and it is crazy :/
I read an article that DOCTORS can't afford to live in San Fran. I'm not sure who actually lives there at this point, or who is dumb enough to buy the houses there.
@@kleindroppermy wife and I bought a house an hour outside of San Francisco in 2008. We were making around 6 figures jointly as a young couple and barely survived.
Meanwhile you have people building actual affordable homes for their communities and the government decides to shut it down or find some way to tax it.
@@OdinWannaBe Cook County, Austin especially are the noticeable ones when it comes to skyrocketing prop taxes and overregulation that prevents affordable housing. Zoning regulations especially in California Sacramento area that prevent new supply of housing and artificially inflates the cost of existing homes.
The two costs of housing that have outpaced inflation are regulatory compliance and labor. Construction workers have decent salaries, therefore, it is not possible to build an affordable house. Looking at the details of these plans, they all work by stealing money from people's future selves.
"affordable homes" aka half assed apartments that will be turned into section 8 in a decade, turning yet another area into a crime ridden wasteland. We don't need to keep building garbage, we need to make decency affordable. Why would I never move to hollywood? because I can't afford it, nobody should accomodate my idiocy.
Our city is denying affordable home construction to put in apartment complexes, was told by a city worker that it’s more people per acre and more tax payers per acre. It’s absurd.
As a home owner: Investment firms should be banned from buying homes. People should be restricted to 1 investment home aside from their own residence (so they can build wealth and for renting purposes). I dont care if it affects my home value, its a need and good for society.
No thanks, I'll keep my 9 properties i have now. But then again, I charge reasonable rates for the rent. The main problem is all the investment firms buying up all the houses they can, as fast as they can.
@Toronto_Luddite I own a home and I think everybody has the need to own a home. The problem isnt that people buy homes as investments, but our fiat system forcing them to. It needs to be limited to solve tge crisis and force them to invest in orher things.
People just stop giving a flying fck about their own country when they have no stake or way of ever owing anything. Hell even cars are all leee now! I always hated that line 'You will own nothing. And be happy' But it is so accurate now it is scary.
The system is falling apart now. Mostly because the people in charge thought “that’s a future problem and it’s not going to be MY PROBLEM anyway” and kept making things worse for the next generation and the cycle perpetuates indefinitely until we have an outhouse selling for $500,000 or something else equally ridiculous occurs.
@ At least under capitalism I still have my fundamental human rights, mainly to leave as I choose. That’s something Russia, China, and North Korea never agreed to and it is why they aren’t part of the United Nations. Watch the Fat Electrician’s video on The Berlin Air Lift and creation then Destruction of The Berlin Wall. “FU¢K COMMUNISM! It never works!”
@@gtertgvsdfv4904 Pure capitalism is hell, that's why most countries have a mix of the damned system, unfortunately, regulations aren't being made fast enough. Corruption is fun, yeh?
This country has turned on us! im 31 live alone work full time for amazon 24$/hr and still barely have enough money to even do anything after paying rent and buying basic groceries for myself, I have no vehicle cant afford to save for one like ever, cannot afford a house ever, unless a miracle happens and either prices go down or i find a job paying at least 35$/hr. DUDE WE ARE COOKED UNLESS MIRACLES HAPPEN QUICKLY. 10 years from now it will be literally impossible to live alone, nobody will have a home unless they make over 120k a year, SOMETHING NEEDS TO CHANGE!
Bro quit whining. You don't have the requisite skill set to survive in today's world. Go back to school, learn a skill like finance, law, engineering etc. and get a well paying job that actually has a use in society.
@@trololololol1111that’s funny seeing how the job market for those fields are so insanely competitive that it usually takes several years to actually find a opening for. Instead of spitting some nonsense how about instead you focus on research and mouth of word by those that have experienced the things you say.
New houses in most of Toronto area start at over a million. $600k here is 1 bedroom 400 sq ft condo price. We also pay way more taxes than you. Just “get gud” at life noob 😂
Wait! Didn't you guys vote for Trump!? I voted for Trump because the democrats were trying to put a maximum limit on rent. Plus they were trying to make newer homes cheaper. Which would've plummeted the value of the properties my family owns.
My great grandparents lived in a modest farm house with close to 100 acres of farmland. My grandparents inherited that. In the late 80s things got bad. They sold half the farm. Things were OK and had spending money. My dad and stepmother made close to 80 grand in the early 2000's. By 2005 there was an economic drop we lost the house. Moved to another state. In 2010 the economy got bad again they lost another house. I moved back to my home state that year to care for my grandmother at what was left of the familial property. By then, they had sold the other 50 acres to get By. By 2016 I had a good job 15 an hour but still couldn't afford to live on my own. By 2021 I had to switch to minimum wage job due to an injury. Now I'm jobless going to online school and using what excess student loans I get to pay rent and my grandmother tries to keep me fed. I can no longer drive due to my injury. There is no bus system in my town and no taxis. The only transportation is Uber which is minimum 15 plus tip for a 10 minute drive. So even if I worked at McDonalds between transport, rent, electric and food I'd be in the hole. It honestly feels like the economic crashes are planned in order to make us poorer so the rich can just gobble up more and more.
Easiest fix to unaffordable housing: Exponentially Scaling property tax per how much houses you own / how much unrented/unsold units you have in any shared housing buildings you own (duplexes, apartment complexes, etc) Make it unaffordable for people to hoard housing as an individual, and for apartment complexes to refuse to rent units under "market value" If you only want to make housing apartment units that are luxury and there aren't people filling them because the market isn't there, you should have to rent them at a loss or be bled dry, bankrupted, and sold at auction to people who will manage it properly. There's no reason we should be in the "Nestle" situation where an essential resource is being hoarded and drip fed to the upper class who can afford to be gouged and nobody else.
I always said there should be a scaling vacant property tax. Of course, the owners would just tear down the houses to avoid it, so it would need something more.
@@DrewPicklesTheDarkif intentionally turned into a vacant lot the taxes on should be double the mean of the surrounding property taxes + fine for every month left undeveloped. I'm not a fan of property taxes in general, but if utilized effectively, could negate real estate hoarders
You realize the reason why rent is high is in part due to market assessed property taxes that increases every year. Property taxes are essentially RENT. Good luck affording less than "market value" property taxes on even your primary residence. Many people had to sell their houses that they paid off because of the ever increasing property taxes in places like Austin and Cook County.
Capitalism is great when you don't allow monopolies and mergers. There were too many mergers in the last 20+ years. If a company is going down, let it go down. That's probably #1 rule in capitalism to make it work for everybody. There are way too many monopolies now. That's what makes living so expensive - they love to bring prices up to make them feel uber-humans.
reminds me of when Obamacare forced people to get insurance. my mother tried to apply for it but could not afford it and opted to take the fine because it was cheaper.
Obamacare doesn’t force people to get insurance. It’s there to provide health insurance for individuals who can’t get it by other means (usually employment). Before Obamacare, you would be stuck uninsured.
The range for "middle class" is so large because the cost of living range across the country is so large. You can be "middle class" on a $60K budget in more rural areas, no problem. But, if you tried living on a $60k budget in NYC or another major city then you'll be lucky to afford a Studio apartment.
Yeah no shit. It's effecting the people whose lives haven't changed, the people that are upset arnt moving to higher cost areas, the higher cost areas are bleeding into their lives.
Also because how much you get paid in that state. If you work in new york minimum wage will get you 50k a year vs places like montana where itll be 23k
@@115zombiees A lot of people in low-cost of living areas don’t understand that making $80k in a big city puts you in the lower class. They don’t know that it costs $2,500/month to rent a run-down 1 bedroom apartment. It’s not as obvious/common sense as you make it out to be.
@@Reginald_Harrison That's why I planned my career around being able to find affordable housing near a city I can commute to that offers higher wages on average. I also just prefer living in more rural areas. The suburbs are the closest I would want to live near a city.
ANOTHER thing No one talks about is the fact your local city and county governments are increasingly using police to make pretext stops to fill their coffers. They are Ticketing Americans at an alarming rate. These ticket costs have skyrocketed and it's also something that generally affects the poor and middle class disproportionately.
They made being on the phone while driving illegal and my dad was ticketed the same day the law went into effect because his phone was on his center console.
My wife is leaving her job as child care for our 2 kids runs about 2100$ a month. Now to add her and the children to my insurance is about 2000$ a month lol. Imagine punishing the working/middle class for trying to do things the right way
My dad was an engineer back in 1996, earning $25 an hour. With that, he managed to buy a decent 4-bedroom house with a big yard and a pool, had two cars, a stay-at-home wife, and three kids, all while saving some cash. He always said we never had to struggle, even during the recession in the '90s. Now, I make the same amount, but I’m stuck paying $1,500 for a rundown 2-bedroom apartment in a sketchy area. I’m also paying off one car and $300 for insurance, while my wife stays home with our baby. To make ends meet, I have to work an extra 10-20 hours of overtime just to save a little for emergencies. Back in 2019, I was making $16 and barely getting by before the baby came. I finally got a chance to earn more than ever, but then everything started getting more expensive right when my income went up. It feels like I’m back to where I was in 2019. It’s frustrating, and I don’t see things getting better unless Trump actually follows through on his promises. They don’t want him to succeed because they know it would help us all thrive.
Things are bad and I have no money. I know, let me get married and have a baby so i have less money to not sustain my family properly. World, why you so bad?
Since 2000 the median cost of a home has increased 137%. In the same time median annual salary has increased from 32k to 39k. Its insane how bad things have gotten. There is a site with real time US debt, very interesting to check out. Can't post links but usdebtclock is worth checking out for perspective.
There needs to be a scaling tax on owning more than one home. We need to make it LESS profitable for investors to have multiple homes. Your FIRST/primary residence should be 0% tax, or very low. And then it scales up. A corporation that owns and leases 5 different homes should pay a high tax rate on each home. Copy this if you think it would work.
That exists to an extent already. It’s called a Homestead Tax Exemption. The loan requirements for 2nd homes is also stricter. The problem is they have so much money it doesn’t matter. Oh the taxes are higher? Okay jack up the rent.
The problem with that idea is that corporations will just increase the rent to keep up with taxes. If the government tries to cap the rent, corporations will threaten to crash the entire economy which will scare the government out of capping rent and raising taxes.
@@Sixty_Five_Pronghorn They won't increase rent if they can make more money in other business. It should be increace tax the more houses they rent so that they would stop buying more houses to rent.because they would lose money. Also, for corporations tothreaten the government, means there are monopolies.
Don't forget large business interests buying up all the affordable housing to then rent it back to the imported people who get their rent paid by the federal handouts.
It's not about building more housing! It's about some landlords owning 100s if not 1000s of properties. So it really doesn't matter how many houses you build if these landlords will just buy them all to rent out.
@@intorsusvolo7834nobody needs the gov to give them money, we just need them to stop taxing us so much because even when the gov gives away "free" money they can't do it cheaply, I don't remember exactly but for every dollar that California gives away in a particular assistance program it costs something like 80 cents. So it costs taxpayers 180k to give away 100k. That's why gov assistance is unsustainable.
Authoritarian dictatorship. If someone who was actually a nice dictator seized power and wanted to elevate their nation's wellbeing, they could use military force to straight up command all these companies to do whatever they're told and effectively eliminate inflation overnight. There is no guarantee of course you will get the type of dictator you want, but throughout history, the nations that were the most prosperous were the ones with strong dictators who cared about their nation and people and made it so life was pretty good. Democracy can NEVER achieve something like that. It's why to this day, the Roman Empire is still remembered.
@@optimizor I think the reason why companies price gouge so much, is because the punishment is insanely weak. From what I googled, the punishment is either 1 year in jail and/or a $10,000 fine.
The issue with healthcare is that we pay for insurance and not use it, and then when we do use it, we pay some more. What was point of paying it in the first place when I have to pay more later anyways.
I live an hour from Pensacola, north of Destin Florida in a town of less than 40k people. My parents bought the house I grew up in for $65k in 1997, it's now worth $300k. Commercial real estate here (retail/store front locations) cost $22 a sqft a year, which is unobtainable for pretty much anyone that's not backed by a huge multi million dollar company (1000sqft location costs a minimum of $2k+ after fees and tax before utilities). There is nothing to do here. No local hangout spots or businesses. Every year we get a new car wash, bank, or hotel, nothing actually useful for the local citizens. But they add hundreds of new houses every year. We have some of the worse traffic I have ever seen for the size of the area and I have driven all over the world. Our roads are destroyed and have been under major construction all over the town and county for YEARS, Nothing will change. You will own nothing and be happy.
18:55 literally correct. it is a huge part of the problem. suffering for strangers is not what i signed up for, suffering for my own people is obviously different
Because of high immigration, greed and foreign ownership (by Chinese, Indian and Arab billionaires) the average rent in Australia jumped from 450 dollars to 650 dollars a week just in a few years. Australia has more than half a million immigrants coming every year but there aren't enough houses to live in and not enough jobs either.
I hate our own government so much. I'm 30, grew up seeing a bright future but it's gone to complete shit last 10-15 years, slowly saw it with my own eyes. I despise our gov for doing this to the regular aussie
Can't speak for Americans but here in Italy immigration is destroying the economy. Basically immigrants (all of them, even illegals) are entitled to 20 euros a day gifted from the taxes Italians pay, and also a free house (a small one), and if an Italian and a non-Italian both ask the government for an house so that they can't be homeless, the government is gonna look after the immigrant first. Having 20 bonus euros a day, they can afford taking jobs for less money, which completely destroys the local jobs, as Italians are pretty socialist oriented we will go on strike, however since immigrants can afford to work for such a low price going on strike won't do sh1t. The government, in their eternal quest for seizing any sort of private property, is putting incredibly high taxes on the middle class, destroying any hope of social mobility. As if it wasn't enough, the government is drowning in taxes the workplaces, which encourages them to find lesser workers if not to leave the country
Why is Australia jusy the nature hellscape opposite of canada. We have the exact same issues and complete opposite sides of the globe and completely opposite nature's 😂 But fr immigration here in the north is our main issue we invited over 1million immigrants in 2 years but we are only able to make 240k homes a year because 6months of the year the ground is frozen
Every single one of these issues is the governments fault. They print and borrow to cover their massive unending deficit spending, which reduces the value of the dollar. They pass energy regulations and tax increases making everything more expensive, cost of production, cost of shipping and just general tax increases like on fuel and property taxes. They regulate into oblivion. In some places new construction can take nearly a decade. There are so many comities, sub committees, inspections, studies etc that it can take a decade to build anything. (The most famous example was it costing 6 million to build a single stall bathroom and a company offered to donate the materials and construction free of charge and it still would have cost tax payers 1 million to build.) Then the government allows monopolies and predatory business practices. Explain to me why companies that get billions in taxpayer subsidies (blackrock for example) get to buy entire neighborhoods of houses? The government is funding the castration of the middle class using our taxes to do it. The government has literally one job in the economy and that's to regulate monopolies. Since I've been alive they have been encouraging them.
*republicans* fault. There has never been 1 bill in modern american history that concerned the building of affordable housing and rent controls that was not voted for by the majority of democrats. 100% of all republicans vote no to 100% of all bills that promote the building of affordable housing and rent caps. There is clearly and painfully obviously one group trying to fix this issue, and one group profiting off of it. And I'm not even a democrat im an independent, but on this issue its clear as day where the problem is.
@@yeetusdeleetus4697 the government passing a law for affordable housing does not fix the housing problem. Every single time the government “helps” it makes the problem worse. Whenever the government “helps” costs go up and the deficit goes up and someone in the middle of it all makes a killing off us. We need to deregulate all the red tape.
Not just in America, here in Australia I work a respectable college job earning a medium level income and my mortgage is now around 50% of my income when it was just 25% 5 years ago. I used to think about saving for my next car or buying new furniture, now I think about how many groceries I can afford to buy and whether I really need health insurance. The banks and the government are determined to never let the people have a comfortable level of money, and rather than actually addressing the real issues of corporate greed and the 1% they just keep increasing interest rates and killing the core concept of capitalism because nobody has the money to buy anything.
It really is bad too. Where I live I used to have a job working for a series of banks at a sort of call center, I made about 40K a year, which is below middle. My job has been replaced by automated Ai which I can promise you the people who are forced to interact with it hate but it saves the company hundreds of thousands of dollars a year cause the people they used have do the job are gone now. I worked hard, my thanks was the unemployment line because big wigs suck. On top of that it was very hard to save and I don't live outside of my means. I don't own a smart phone, I don't drive an expensive car. I learned to fix it myself to save money, I live on cheap meals, and I've been forced to get help from my parents who can offer rides cause guess what, I don't even own a car cause I could walk to my job and that can cost a huge amount of money in insurance and gas. The only thing I have for myself is reading things like manga cause I enjoy sitting down and reading them. I don't drink, smock, party, and I work out a lot to stay healthy, this is my one escapist vice not even TV anymore cause I used to just have Crunchyroll but I stopped cause Sony sucks. Well the left kept putting me down, mocking me for my race, gender, and sexuality (a normal strait white adult male) and trying to take every little thing from me i love including the books I enjoy reading. The best thing to happen to Trump was the left being bat shit crazy and if he just doesn't do what they did and make it easier for me to earn money again then he's a million times better than anything they have to offer and I don't even like Trump
Spoiler alert: He’s not going to make earning money easier for you, and 4 years from now you’re going to be disappointed in him, because life will become even harder. You are doing your best to get by, as many of us are. We’re all in this together.
@14:00 I can be argued people don’t eat more than they did in 1900. The problem is our food landscape it’s literally addictive drugs. Not nutrition. That is a systemic problem that can be addressed with legislation.
Imo, a big part of why Americans can't afford things is because of city design. Majority of cities aren't walkable and don't have a dense enough public transportation systems. This forces Americans to own a car to go to work, groceries, and outside in general. Cars are expensive to own: property tax, gas, insurance, car/lease and maintenance. Imagine how much one would be able to save a year if they didn't have those costs and paid 5$/day for subway. Of course, prices for everything are going up and it is also part of the reason
@@matous2542you're watching a video from the US about the US observed by a man who lives in Texas. If you want to watch videos about the rest of the world, feel free to view media relative to that.
The favorite pastime of people who aren't from the US is talking about not being from the US online. That's it. That's the entire personality. Can't say I've ever watched another youtuber who isn't from my country of origin, for the sole purpose of saying that I'm from the US. Lol.
Bring production back home from over-seas, increase subsides for skilled labor training, higher minimum wage, caps on stock holder pay outs, requirements of reinvestment in equipment and labor force.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
In my country the government says that housing should be 1/3rd of your monthly budget, is literally impossible to get housing that low for middle and low class. Literally impossible, it's like that girl said more like 2/3rd if lucky and then there's taxes which reach 50% easily. Meanwhile government workers get salaries that are easily x2 - x3 higher than same job in the private sector. Leeches all of them
You can't get back to an economy that's affordable again.. The way an economy is set up, they target 2-3% inflation, that inflation also compounds year on year. In order for things to go back, there literally has to be a recession in order for prices to deflate. Who loses out in a recession? Sure shareholders do yeah but when companies lose money, cuts costs on employment. The lowest class that do own homes will be the ones to lose them, not the investors and just like 2008, the ones who will get bailed out will be the banks again.
I mean ... I recently bought a house for 200k in Arkansas. Monthly payments including taxes and escrow are $1,450.. My wife and I together make around 80k a year. We are thinking of doing twice the amount of the monthly payment to pay off the house sooner (in around 7 years) and still be left with around 1.5k a month in savings after all other expenses. I think knowing how to budget plays a HUGE role here... I
Before the 1970’s (maybe 80s) you could raise a family and live a decent live with one parent working making a decent/good wage. And back then the USA produced a lot of our products. Ask yourself why in 2024 everything is made in china by slave labor because of low wages but everything is still expensive. Something changed and somethings not right.
Yep, it's not uncommon in our rural area for elderly people to have to sell their long ago paid-for homes just because they can't afford the outrageous property tax increases.
My only push back on your comment is that the most efficient way to tax wealthy individuals is through property and inheritance tax. What you could do is more homestead exemptions for certain tax brackets, certain individuals owning just one primary residence
@@tysonkrehnke2835 The devil is in the details, so at what point is one considered wealthy? Is that based on income or assets? And, if assets, what if one is talking about someone like a farmer who is "land rich, but cash poor?" The family ground may have appreciated drastically due to suburban creep and wealthy individuals wanting McMansions out there in "nature," but those acres may only be producing a net profit of 20-30k/year for his family to live on.
Yea, this is why you don't really own anything in the U.S. What happens if you don't pay your property taxes? Your home is seized, and you're evicted. You're just paying an alternate form of rent, that's all. You truly don't own the property.
@@Bryan-f8k2sSame with your car. You buy it outright no loans? That's nice. Pay your annual registration, license and insurance or the gov will steal your property. The Mafia offered better terms than this.
Having a six figure salary is literally average income at this point. I remember when a six figure salary allowed you to live without stress over bills.
One of my biggest annoyances in life is someone with a uni degree and 9-5 saying they’re middle class… no assets, no company shares, no inheritance, just because they make more than minimum wage…
assets, company shares, inheritance? Those words all talk upper middle to high class. No middle class person has these lol. Inheritance sure, but thats a big gamble considering a majority of people probably have siblings and they have to split that. As for company shares, they probably dont even know what that is or how to obtain it. For assets its more than likely the only assets they have is the jewelry on their bodies like watches or shoes. No passive incomes, no stored value items like gold, and no market knowledge. Thats middle class. Middle class is the most taxed.
My monthly budget: My income after taxes: $3900 My apartment rent: $1600 My bills (electric, insurance, maintenance etc.): $1200 My car: $300 Food/drinks: $400 Hobbies, fun, entertainment: $100 Other stuff: $100 I have ~$200 left to invest or save. I have a good credit score. But I won't be able to own my own home. Not sure if it's worth it either, especially if it's a house, as property taxes and maintenance is pretty expensive.
Your budget is very similar to mine. My rent is $1,750 tho. But my bill is much lower. Get cheap insurance, dont use electricity, get the Mint phone service, and lower as much as possible. And look for higher paying job now. Or get a second job like I did. Goodluck.
Meanwhile you have people building actual affordable homes for their communities and the government decides to shut it down or find some way to tax it.
It's everywhere, I'm a student here in Malaysia since 3.5 years. The prices for everything has doubled! Literally doubled! For rent it's a 50% increase at least if not more.
What I always liked about Asmon is he has managed, even with his relatively huge income, to always remember by lived experience that $5 can be a helluva lot of money sometimes. One of the worst mistakes of the recent past that didnt help at all is the dirty the Dems did to Bernie.
Monopolies and oligopolies are supposed to be illegal or regulated like utility companies. Walmart got in trouble for this, price fixing, to wipe out the competition which was mainly ma and pa stores and struggling retail stores. Lowered prices to do this and raised them after the competition was mainly gone. Problem is they got so big the fines didn't hurt them enough, and this was in the 90s or early 00s.
You do know that the rich corporate elites love the regulations right? Because this means that the barrier of entry into the business becomes higher, hence less competition.
@@wizardgaming6759 Nah, that's too high, and very vague. Because how do you define price gouging? Just make sure that it is illegal for corporate elites to discuss behind the public's backs on trying to set a price for a good. Or make any agreements between corporate elites on the topic of setting the same price any good null and void. That's it.
@@darpmosh6601 there's all kinds of regulations that protect workers and the environment etc.... these are the regulations they want to cut, plus others. I'm worried about all the cuts that they want to do to social services. The ACA, affordable care act(Obamacare), saved my life up till now. I got sober in 2016 then I got hit with a bunch of health issues like liver cirrhosis, thyroid disease, autoimmune diseases PsA attacking my joints and bones along with skin lesions that are very painful. If they get rid of the ACA this will all become pre-existing conditions and not coverable since the ACA also protects you from pre- existing conditions. I know parts of Medicare and social security will be cut too. Since the ACA covers 45 million Americans and if you ad the cuts to Medicare there's gonna be a lot of sick people uncovered AGAIN! Plus millions of jobs eliminated in healthcare will hurt the economy big time.
Just going to throw out the fact that 161k in a more expensive city with a family isn't as much as it seems. If you're making that remote living alone in Iowa vs making 80k with your spouse in a big city and have kids you're in two completely different situations. Bless the families who are raising kids on 60k.
@@seriousdefect A lot of things are different, yes. Including the roots of the problems we face today in comparison to back then. We have social media, globalisation, human rights etc. But basic human psychology hasn't changed a bit. Build a society/economy in which the average normal person is unhappy and it will eventually become the goal of said average person to tear it down and rebuild it. Like if you have 10 people sitting at a table playing a game. If the games rules are so rigged that 1 person will end up with everything and the other 9 end up with nothing, it will get to the point where for the other 9 people it makes more sense to flip the table and see where the pieces land.
Yeah I got to call BS on that guy saying they're not building enough housing, here in Denver there constantly building tons of apartments and homes not because there's not enough but because they can charge in crazy amount for them and a lot of them go empty because of greed and they know people will have to pay those crazy prices cuz they have no choice
If there was a surplus of housing, prices would drop. They’re building a lot but not enough and the price of building is jumping like crazy. It cost us $400K to build our house a few years ago. The same house would cost $600K today.
As an European I was recently on roadtrip in USA and I was really shocked by the "shadow fees" and their volume to the point when I felt at the end of the trip that every single business was trying to scam me, rip me off or get as much money out of my pocket as possible. It does not matter if we went to restaurant, sport venue, theatre, shopping online....it was literally everywhere. In general it seems to that that you make a choice on completely fake price, because then there is 25$ venue fee, 17$ service fee, 12$ processing fee, 20$ cleaning fee , 2% credit card fee and my most favourite 20% or higher tip. (I do not have problem with tip, but I have a problem when tips are starting at 20% and some went above 30% which is SIGNIFICANT!!!) In the end, the price nearly doubles, in better cases it went up by "only" 50% from the price which we saw on the menu or on the page. For me this was unbelievable, because here in EU we have a law which mandates every business to display final price. So if I see 50 Euro pricetag I am sure that I will pay 50 Euro. While in US when I saw 50$ price tag I was guessing if the final price is 80$ or 100$. Which feels to me like complete scam. My guess is that these "fees" are not included in the official inflation data, which in end makes real inflation much much worse.
In Canada, we're seeing companies buy up tons of homes and not put them on the market immediately. They'll hold onto the homes to drive up the price and slowly start putting them on the market. In the late 80s/early 90s, the math used to be that an a home within your price range needed to be max ~3 times your income; when I bought my home in 2013, I needed a mortgage ~8x my income and I was making decent money at the time.
Once you remove 20 million illegal immigrants, the cost of housing will go down and the cost of labor will go up. Both things work on supply and demand.
Every month this year, I've been just scraping by doing the absolute bare minimum... and every month, I get a notification on my phone about how much more I spent this month this year compared to this month last year. I have gotten TIGHTER with my money over the years... and yet, I'm spending more than ever.
I can remember when Obamacare rolled into effect I went from a $190 monthly payment on healthcare to $680. And then when I couldn't afford it I was fined for not having insurance.
@scottg9899 it's crazy huh how the fine almost equaled the amount of money you couldn't afford because it went by person living in your household all your dependents.
I still get people telling me I was lying about that. I was making 14$ and hour at a garbage factory job and It was cheaper to eat the fine than pay for the healthcare coverage at my job because it was so unreal. That was back in 2014. I remember it clearly. I was only 27 and I was like "why does a healthy mid-20's person HAVE to have health insurance?"
@@bobby45825 I had the same scenario haha I think I might have been getting paid $16 an hour during the eagleford oil boom putting in over 80hrs a week is what saved me especially since I had just bought a house in 2012.
2 cans Raos marinara sauce 2 lbs ground beef 8 oz parmesean cheese Coffee mate creamer 1 bundle of spaghetti noodles It was over $40 for me this week. 1 meal. I'll drink my coffee black to save $8.99/month. Pulling myself up by the jockstrap
buy the tomatoes from companies that sell produce grocery stores won't buy. Jar them yourself. they taste waaay better and it's so much cheaper. buy a fat 10lb tube of ground beef and invest in a second freezer. will pay off in the long run. parm is just expensive nothing you can do. don't need creamer, just use milk. boil it down with some sugar and it comes out fine. add some flavoring too when boiling. dried noodles are cheap in bulk. shop smart.
@@karotees Solutions like this are the something we can all implement in our daily lives to cut down cost. It's all about the changes you can make in your personal life. I don't have control over the economy, but I do have control on my spending budget.
Also car insurance keeps creeping up, when I started my current policy last year it was $133.00 it’s now over $200.00 a fucking month I’ve been shopping for another policy and they’ve all been relatively close. Insane for something that is only used on if situations/accidents and most people get screwed even with insurance anyways.
@@jer1776 And what happens when you hit a car or a pedestrian? Most Americans don’t have 100 lying around let alone 300,000 in lawyer and settlement money.
I inherited about 30 rental properties that were already paid off. I haven’t raised rent in five years. I have a waiting list that is five pages long. I was able to retire at 40 and have people managing them for me and still take in a ton of cash. Greed is wild. I could double the rent but I like my happy renters that take care of the property.
As a landlord, all of the times I've raised rent on existing renters is due to taxes. If the house prices are going up, then so are the tax valuations. The 3 years I lived in San Antonio, my personal property taxes went up by almost 3x, from 2k per year to around 6k, just for my house.
Don't forget the insane levels of regulation in healthcare as well. States even have quotas as to how many MRI machines or other diagnostic tools are allowed to be in the state. You have to apply for a license and get permission to purchase most major diagnostic systems for human use. It's not the same for veterinarian use, so it's much cheaper to get an x-ray or MRI from a vet than from a hospital even though the technicians and machines are the same.
In 4 years my old apartment went from 550 to 750. Thats 50$ per year. Wages remain same in my state have not changed one bit. This is the lowest end apartment in very bad areas. Now you have 2 to 3 people living in 1 bedroom because your required to make 3x rent to be approved
@@simunator No, the scum move is the government introducing the tax burden. The government prints money causing asset prices to rise which increases the wealth divide, then they raise interest rates and collect capital gains taxes to claw even more money back from people who own the assets. Owning real estate doesn't suddenly mean you have lots of dollars in your bank account. Quite the opposite, you have loans and expenses that need to be paid or you'll be forced to sell the asset to some other landlord. There's no away around this, either you pass the costs on to the tenants or somebody else will.
Talked to a guy a few streets down in a very nice neighborhood $1+ million dollar homes and told me his mortgage is $850 a month for a 5 bed 4 bath 4,000sqft home. Said he got it about 10 years ago with a $10,000 down payment….😢 I will be lucky to even get a mortgage for a tiny home for $60k. I’m 33 and live with my parents.
In the 80's my Dad bought a house at £45k with an average £9k wage - 5 years wages The same house today at an average income of £35k is £250k - 7 years wages I can not afford to by my fathers home that I grew up in
![CAMPปลิ้น | รวม Highlight 2024! PART [1/2]](http://i.ytimg.com/vi/6hnvNnvYloU/mqdefault.jpg)
As someone who’s mom never owned a home because of poverty, always rented and one day the price of our apartment went from 650$ a month to 1,850$ a month, and then they act like all homeless people are on Fent
Bidenomics..
undeniable
I grew up poor but my parents were realtors and at least bought a home such a long time ago it was still affordable. Renting your whole life sucks. I hope you can get your own place soon
@@highdesertbiker we technically are still “homeless” and quality of life took a hit fs
@@dertythegrower Biden wasn't their landlord lol. $650 to $1,850 is just pure greed.
@@QTLouie🤡
Retirement may be difficult for an increasing number of people. Saving money is difficult due to expensive rents, inflation, and low-paying jobs. These days, middle-class Americans also struggle to own a home, which prevents them from having a place to call home.
My goal to work part-time, save for the future, and retire at age 62 has been affected by the rising costs. Whether or not people who survived the 2008 financial crisis had it easier than I am right now worries me. A decline in salary coupled with stock market volatility is making me worry about whether I'll have enough money for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Imagine making $52k and getting a $1k raise at work financially ruins you because you are now considered "middle class" and your kids no longer qualify for financial aid for school, no medicaid and no food stamps. That $1k annual bump could potentially cost you tens of thousands of dollars of added expenses. Middle class is broken.
The whole system is broken. I'm poor AF but yet when I work 26 hrs of OT per week my check is like $10 more than when I work 19 hours of OT because the taxation rate kicks into turbo fig mode around there?
What purpose does that really serve other than to ensure no matter how much I work, I can't get ahead?
@@SteveBreen-t3w umm...that's not how taxes work. If you work 7 additional hours of overtime and only make $10 extra, you would be making $1.40 per overtime hour. There is no "turbo mode" for taxes - when you go past a certain bracket, ONLY the income AFTER that bracket is taxed at a higher rate, and it's typically going to be maybe 2% extra, not 90% extra. Look at your pay stubs again to figure out what happened.
@@TheFrygarif you look at only the federal level then yeah, you're right. But if you look at all withholdings figured together then no it actually does ramp up significantly when you hit certain points. The $10 may be an exaggeration but it's not that big of an exaggeration.
My cousin refused a raise one time because of this.
@@SteveBreen-t3wdoesn’t work that way, you might end up getting a much bigger return this way though. But the way taxes work is that there are brackets. Here’s the 2024 brackets:
$0-$11.6=10%
$11,601-$47,150=12%
$47,151-$100,525=22%(insane)
The way this works is that at the end of the year the money you earned from $0-$11.6k is taxed at 10%, then anything above that is taxed at 12%, then anything above that bracket is taxed at 22%. So only the money earned in that bracket is taxed at that rate.
So if you earned $50,000 in a year you money is taxed like this:
$11,600 taxed at 10%
$35,549 taxed at 12%
$2,849 taxed at 22%
On top of this there are also deductions. The standard deduction for 2024/2025 is $14,600 for a single filer. This means you take that $50,000 you earned and sub tract the deduction ($35,400). The $35.4k is your taxable income so actually you’re only going to be taxed:
$11,600 at 10%
$23,800 at 12%
Which is a total of $4,016 in federal taxes.
So your issue might just be the way your taxes are being withheld. Either that or you’re lying. But if it is an error that you’re barely earning anything extra from those extra hours because it’s all being taxed, you’ll get that money back on your tax return because you’re being over taxed.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@PatrickLloyd- Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
40% of homes are owned by investment firms
That’s a big problem!
But how else will they rent to the millions of illegals who get their rent paid by the federal government?
@@CptUSMC how else will they rent to the migrants getting their rent paid for with tax money?
The other problem is that there aren’t regulations preventing this. So no matter how much housing you build, they can just buy up the new supply and nothing changes
Housing should never have been a means for generational wealth.
They're going to farm people in corpo-burbs.
Grovery prices don't just cost more. Packaging sizes have shrunk while costing more.
The grocery store I go to f***king charges you for bags lol.
@@wizardgaming6759we have to pay for bags by law in UK now have done for few years...
Rekon people have stopped using them tho? Lol
Shrinkflation
@@wizardgaming6759 The ones I go to don't even give bags anymore, including wal-mart. You have to bring your own bags.
And the product is also made with cheaper ingredients at the same time
18% from 2001 to 2022? Lol. Hell NO.
Median rent in 2000 was $607.
Median rent in 2024 is $2,025.
That's 333.66%. Stop downplaying the reality.
my exact thoughts
Read the chart. The amount rent goes up each year is at 18% and climbing. They are not saying that rent has gone up that much, they are saying that the rate of increase is increasing. That's what's so alarming.
Been in the same town in Canada since 2000 - basement was ~ 500 in 2000s, same one now is anywhere from 1.3-1.5K while apartments are upwards of 2.2K bare minimum.
Salary hasn't even increased 50% compared to 25 years ago, higher tax bracket and inflation on top of that, you're fucked.
@@sbsftw4232 Rent can't have gone up at 18% each year since 2001 because that would end up at $32,237 a month from $607 in 2000. Even if it were half, at 9% annually, that would still make it $4802 a month.
18% is the dashed line part I believe, so from 2019 to 2022, maybe.. The chart is hard to read and showing the increase of 1300 USD between 2001 and 2022 makes it misleading as one easily reads that it would be 18% for the same period. Well done NBC, even a professional economist and banker has a hard time making sense of your charts and all I do is create and analyse charts.
In Japan you can’t even buy property unless you are a resident. In America they let all these foreign investors purchase property while Americans live on the street.
That is what uncontrolled capitalism does. Not saying socialism is better, but capitalism must be regulated. If not, as time goes on, eventually there will be one person who owns everything😅
Any system which is left unattended will have its weaknesses and holes exploited. There are so many loopholes and flaws in our laws and corporations have punched enormous holes in everything.
You can buy property in Japan, for quite cheap actually. The only problem for a foreigner buying in Japan is rehabbing the property and then living there.
LMAO Just work harder. My dad give me a loan of 1 million and now I got 400 doors in Texas. Just stop asking for handouts.
Crazy that you call it working harder given that you started with 1 milion
The first and last meeting my corporation included me in left a lasting impression. I distinctly remember the CFO saying something like, "What do we do for customers who stay and keep renewing with us? We steadily increase prices to see how much we can get away with before they leave."
I was immediately enraged and blurted out, "Wow, that’s the reward for loyalty?!"
To me, this mindset translates directly to how corporations treat long-term employees: "Pay them as little as possible and see how much they’ll tolerate before they leave."
This moment showed me a harsh truth: unless we push back, the top 1-10% will keep testing our limits-charging more, paying less-just to see how far they can go before we resist.
I don’t know about anyone else, but I believe the time to fight back is now.
Form a group of like minded individuals and make a competitive company that doesn't do that and steal all your former company's constituents until they go bankrupt, or change their policy to compete. It's hard but if your company can't change because the top brass has this style of leadership then you can succeed.
We are, we just sent him to the White House. They don't try to assassinate good little pawns.
Just curious but am I the only one forbidden from naming the 35th President of the United States here?
the time might be now, but understand, most people - are addicts of a mind altering substance. in my book, sobriety and housing are very much dependent on each other even tho it doesnt seem like it should.
before housing, we have a sobriety pandemic.
Yes !
I don't even care if I can technically "afford" a house. It's a fucking rip off that we make essentially the same wage our parents did, but instead of 200k we need to spend 600k on our shelter.
Wasn’t that way under the first trump administration. Brandon didn’t do much to help us out either.
The guy I bought my house from got it for $60,000 15 years ago. Its even worse than most people realize
I recently bought a house. 10% of my mortgage payment goes to the principal. Over 65% of my monthly payment goes to interest.
The ONLY way I was able to afford it was with the VA home loan which had no down payment. With down payment and closing cost would have been over 100k out of pocket. Plus the cost of repairs/ necessary maintenance. I'll end up paying over 1 mil over the lenght of the 30 yr mortgage. I honeslty never thought id "own" a home. The housing market is so effed.
@@seriousdefectI bought my house in 2019 for $110,000.
It's valued at $200,000 now.
The prices have gone absolutely insane because of inflation.
We make the same but the money worth only the half of what it did back then. So essentially we earn only half of what they have earned.
This is why I don't look down on people for not going to college, living with their parents and not tipping. It's impossible to even breathe without it costing something now these days 😅
@@SavantPete While the Markers create the Necromorphs by recombining dead flesh through their signal, they do not directly guide the creatures beyond sending out general commands to the Nexus forms, with the Necromorphs behaving as little more than animals with an insatiable drive to hunt and gather biomass. As such, the creatures will attack all living beings, even individuals who are under the influence of the Marker[21] or otherwise trying to further the Markers' goal.[22]
To protect living beings who are useful to its plans, such as those who are better suited to become "architects" and build more Markers, the Marker signal creates a "dead space" around the artifact - the "eye of the storm" - which forces Necromorph tissue into dormancy.[6] This allows the Marker to draw useful individuals to its base where they will be protected from Necromorph attacks, while their close proximity to the Marker ensures that it can easily infect their minds and bend them to its will.[23]
@@SavantPete All Necromorphs are extremely hardy and capable of surviving in lethal environments such as the vacuum of space. This implies a total lack of respiration or reliance upon vascular activity, which explains the Necromorphs' resistance to wounds that would cause massive blood loss due to hemorrhaging in humans. The most effective way to defeat the majority of Necromorph forms is through dismemberment; by cutting off a Necromorph's means of mobility, the creature will collapse and be rendered seemingly inert, although, even in this state, the Marker signal will continue to permeate their body, making minute changes to their structure and causing their cells to continue living.[16] Many Necromorphs also feature yellow, luminescent tumor-like growths or pustules filled with bile;[17] these sacs often explode violently when ruptured.
@@SavantPete The generation of a Necromorph begins with the Markers and the highly concentrated electromagnetic signal that they broadcast. When it pulses, the signal can alter dead tissue within a certain range on a cellular level, converting it into pure Necromorph tissue and re-animating the corpse of the host organism into a deadly new form.[3][5][7] All Necromorph cells are animated by the Marker's carrier wave; without the Marker signal, the creatures cease to exist and degenerate into an organic sludge of their former host's DNA.[9]
The Marker signal also affects the minds of intelligent life forms, usually manifesting in them as dementia, resulting in homicidal/suicidal actions, essentially setting the stage for the coming Necromorph infection.[4] Additionally, the Markers' pulses can imprint a self-replicating signal containing blueprints in the minds of suitable individuals, thus leading them to build Red Markers and continue the cycle
I agree with everything except the not tipping part. If you can't tip don't eat out.
@@spectralfox if you cant afford to pay your employees then dont run a business
"Experts says" is just another form of gaslighting. You're not gonna convinced me everything is okay when everything I saw everyday says otherwise.
I make 80k a year, my wife makes 50k. Age 30 and 28, we spend 24k a year just on daycare.. not including mortgage, utilities, groceries and insurance. My credit score is 800 and for the first time in my life I have maxed out credit cards. We are in a recession, I don’t care what any expert saids. A family bringing in 6 figures a year shouldn’t be living paycheck to paycheck.
Edit: I’m adding this because people will not stop talking about the 800 credit score. Yes, my credit drop like 80 points all within a span of two weeks. My credit is still excellent tho, a credit utilization score hit goes away fast. It will take a year or two to have it back at 800 & usually you end up with a higher score by the time it’s paid off.
Health care and day care for children are really fucked up in USA. But the rest is worldwide problem, In Prague small flat cost like 25 median year incomes.
@@matous2542 25 years... it doesn't include need to survive during these 25 years. Insanity.
It sounds like your wife isn't making much more after taxes than she's spending on daycare. It might be better to have her stay home with your children until they are old enough to go to school (even if you send them to private school, that's usually only about $6000/yr on tuition per kid, and Catholic schools will give you a discount per child enrolled), then go back to work.
Just a suggestion, but I know single-income families in my friend group, and the women seem much happier caring for their own children all day than the women I know who are grinding at the office
Yeah things aren't good. Check out "usdebtclock" for some perspective. Shows the real time price of things like health care, home cost, salary, debt, spending, etc. It also compares those prices to those of 2000.
Definitely eye opening
You gotta give up on some things unfortunately. It's not your fault or fair but is what it is. Just keep loving each other and you'll get by.
When I was 20 in 2007, I rented a two bedroom, two bath town house outside Tacoma for $850 per month. I looked at their listings now and it’s $2300 a month! I worked my way through college at a pizza place and could afford to pay my rent, car insurance and tuition off $14 an hour back then. Today that would be impossible even if you’re making $28 and hour
They are raising the rent in -east Tennessee- to California rates. Forget cheaper areas, I think you all are just done. Good luck.
@@DarkwellorBZthanks. I’m lucky for a millennial. I worked for Boeing for ten years and then bought land near my family’s ranch in Montana. Now I cut and process wild game, raise organic poultry, breed LGDs for local ranches and have a farmers market stand. Guys I know in their 20s I feel sorry for. They have almost no hope as it is now
@@igotfriendsinlowplaces2971have lived on my own since 18, am 22 now. The shit i've had to do to grow with this economy is insane. I have the work experience of a fucking 40 year old just by necessity.
Grew up in a 3bed 2 bath townhouse. 1000 a month. Now studios in the same area are 1500+ a month, and don't even have garages. Wild shit
in oregon my aunt rented a three bedroom in 2010 was 900, now there 2400
You are being farmed, and you give less and less xp per kill so you need to be farmed even harder.
Just like in League.
And you can't get a shutdown to reset your death kill bounty because you're so far behind.
Literally getting snowballed on IRL
I like that analogy
Your gaming analogies to serious rl issues are totally cringe and unintelligent.
@@rieyuki it's accurate though.
Prove us wrong
Government is to blame; none of these corporations would exist if government wasn't being used to gate-keep it's products and profits. Prices Law wouldn't allow for it.
The political class sold us out so hard. We aren’t living in a country, we live in a corporation.
Buckle up
Foreign Billionaires buys real estate in bulk, let it sleep for a while and artificially inflate the price both rental and owning.
They also buy up land to develop and buy build warehouses on farm able land. No one ever seems to ask who is selling the land and why they are allowed to do it.
We have the same problem in the UK. My solution is no one, business or person should be able own land without a valid passport for the country they want the land in. If it's a company the managing director would have to bring their passport to the estate agent before the deal can be struck.
Ez
"Foreign"
@@Ethan_Fel "foreign" here means powerful people in leagues with america's powerful people.
YOU WILL OWN NOTHING AND BE HAPPY!!
That's what the Buddha said 🙏🙏
@@larryc1974 Did you know the name "Buddha" comes from the arabic word for "Idol", a name given by the inv4ding Ottomans in Southern Asia.
The Austrian painter warned about all this
More like:"You will own nothing and nobody cares how you feel about it, loser!...wait...why are you voting against us?!"
@@VladTepes-SaviorofEurope-mw4uy what kind of brand did you smoke to come up with that bs 😂
When rent is 2,000$/month everywhere, utilities are 300, carpayments 400, groceries for a week (mid groceries, not top Ramen but not steak and shrimp either) is 150$ health insurance is 150 each week, gas for a vehicle is 40-100$ a week, cellphone bill is like 135$
That's just off the top of my head without really fine combing it. the cost of living is disgusting
But it actually isn't "everywhere." The MidWest is filled with LCOL areas. Our youngest just took her first "career job" after completing her college education. Her rent for a lovely duplex across the street from a park (with a private fenced backyard for her dog and an enclosed garage) is $995/month in Salina, KS (with utilities lower than that as well). There are lots of ways to hack the system and its many obstacles to financial stability. And before someone chimes in with the untrue "bUt ThErE aRe No JoBs ThErE," she's earning 123k in her first year because she literally planned her education around a field which offered job prospects + a decent salary in this specific area.
@juliestade7529 well, not everyone is going to move to the Midwest to take advantage of that. If they did, it would significantly increase the cost of living for your area. Like what happened to Nevada when California became super unaffordable and people jumped ship to move to neighboring states.
@VexedVergil this is how people stay poor. Refusing to leave when it's time.
@Andee1234 i dont get it. "Refusing" and "unable" are completely different things. Take the lady in this video for example. How is she, who gets 125$ at the end of the month, supposed to move her entire life across the country (assuming she's on the west coast) where she has no friends or family, afford a down payment to a house or pay rent and land a job?
@@VexedVergil 125+125+125+125+125+125+125. You get the picture
they always tell you the economy's good, but they never tell you who its good for.
It's almost the same in every western country. The governments have failed us.
Let down, forgotten, betrayed... better to move on and make something of the time you are left with...
No, the people have failed. They have let Governments run without impunity for far too long and expect them to have our "best interests" at heart. GTFOH.
All while giving people from third world countries a free ride on our backs. They want to destroy us.
The Tribe failed us.
Learn what really happened in WW2 and things make more sense.
You'd think 78k a year climbing towards 100 eventually, no debt, and 110k for a down payment could maybe land you some form of humble property in a major Canadian city.
"Lol", said TD Bank, "Lmao"
That's insane my guy, I hope you're at least investing some of that in tangible assets outside of monopoly money.
I would say in USA u could but you'd be making 20k less a year
In London, UK you could maybe get a property for that although it might be a flat rather than a house and you might have to move an hour outside of the city and commute back and forth every day but that's normal here
TD Bank are bastards. They stole millions of dollars from people with the Penny Arcade thing. A curious citizen hired a Private Investigator to test them out. He got together $100 in change and dumped it in the machine. The machine said he only dumped $70-something dollars in it. They did that all over Ontario at TD Bank locations with Penny Arcades. The most he got was something like $82 at one of them. I got a check for $3.11 from the class-action lawsuit. I bet they made off with it big even after the lawsuit.
Well, to be fair, it's in the name, Toronto Dominion. Are you feeling dominated yet?
It feels like it’s being rubbed in our faces given how many people are talking about it and yet it’s not getting any better.
Rich people own and control everything. Why would they change it? Works great for them, theyre having a big party with the work we produce. Marx warned us this would happen exactly.
30% goes to taxes, 60% goes to housing, that leaves 10% for utility bills, car payment, insurance and.... oops that's it. no more money. I guess I don't need food
End the income tax! Or at least reform it
Don't forget the sales tax despite already being taxed to make the money.
Medical emergency? Oops, you’re in debt for years
I live in Canada, and we have a similar (or worse) problem. Yesterday I was talking to one of my students who moved back to his parents house and he said that he gave up the idea of having his own house, like ever.
In Germany we have the same problem.
You have such a great Prime Minister though. What a great leader 😉
Same thing in the Netherlands
@@larryc1974hope your joking
@@GermanEngineer-d7v I start to hear this porblem is in every bigger EU city, no matter the country, it is everywhere :( I'm from capital city and it is crazy :/
The reason why the range is so large is because 53k in Alabama is well off meanwhile 100k in San Francisco is poverty
Try $125k in San Fran.
@ oh I know. I used to live in the east bay. I moved to Idaho and never looked back. I don’t know how people survive there anymore.
I read an article that DOCTORS can't afford to live in San Fran. I'm not sure who actually lives there at this point, or who is dumb enough to buy the houses there.
@@kleindroppermy wife and I bought a house an hour outside of San Francisco in 2008. We were making around 6 figures jointly as a young couple and barely survived.
My first apartment out of high school was something like $1,100 per month. It’s now $2,550 to $3,600 per month. 845 square foot 2 bedroom
Meanwhile you have people building actual affordable homes for their communities and the government decides to shut it down or find some way to tax it.
where ?
@@OdinWannaBe Cook County, Austin especially are the noticeable ones when it comes to skyrocketing prop taxes and overregulation that prevents affordable housing.
Zoning regulations especially in California Sacramento area that prevent new supply of housing and artificially inflates the cost of existing homes.
The two costs of housing that have outpaced inflation are regulatory compliance and labor. Construction workers have decent salaries, therefore, it is not possible to build an affordable house. Looking at the details of these plans, they all work by stealing money from people's future selves.
"affordable homes" aka half assed apartments that will be turned into section 8 in a decade, turning yet another area into a crime ridden wasteland. We don't need to keep building garbage, we need to make decency affordable. Why would I never move to hollywood? because I can't afford it, nobody should accomodate my idiocy.
Our city is denying affordable home construction to put in apartment complexes, was told by a city worker that it’s more people per acre and more tax payers per acre. It’s absurd.
As a home owner: Investment firms should be banned from buying homes. People should be restricted to 1 investment home aside from their own residence (so they can build wealth and for renting purposes). I dont care if it affects my home value, its a need and good for society.
No thanks, I'll keep my 9 properties i have now. But then again, I charge reasonable rates for the rent. The main problem is all the investment firms buying up all the houses they can, as fast as they can.
@@PrimalInstinct0704what's your rates
"The main problem is everything outside what I do, I'm not evil"
@Toronto_Luddite I own a home and I think everybody has the need to own a home. The problem isnt that people buy homes as investments, but our fiat system forcing them to. It needs to be limited to solve tge crisis and force them to invest in orher things.
If people have no stake in a society, that society will collapse.
People just stop giving a flying fck about their own country when they have no stake or way of ever owing anything.
Hell even cars are all leee now!
I always hated that line 'You will own nothing. And be happy'
But it is so accurate now it is scary.
@@ArnoldJudasRimmer.. I am NOT happy; I am FURIOUS and Im counting the days until Im done.
@@Robert_D_Mercer of course man. I really wished I bought a house 20 years ago tbh...whoops! 🤣
USA society has never been stronger. bwHahaha we got people literally dying to get across the border to join this society lololol
@@ArnoldJudasRimmer.. But we're not happy.
The system is falling apart now. Mostly because the people in charge thought “that’s a future problem and it’s not going to be MY PROBLEM anyway” and kept making things worse for the next generation and the cycle perpetuates indefinitely until we have an outhouse selling for $500,000 or something else equally ridiculous occurs.
you don't love capitalism mate? :D
@ At least under capitalism I still have my fundamental human rights, mainly to leave as I choose. That’s something Russia, China, and North Korea never agreed to and it is why they aren’t part of the United Nations. Watch the Fat Electrician’s video on The Berlin Air Lift and creation then Destruction of The Berlin Wall. “FU¢K COMMUNISM! It never works!”
@@gtertgvsdfv4904 Pure capitalism is hell, that's why most countries have a mix of the damned system, unfortunately, regulations aren't being made fast enough. Corruption is fun, yeh?
@@gtertgvsdfv4904 Crony capitalism, capitalism officially died in 2008 with all the bailouts for the greedy.
Boomers.
This country has turned on us! im 31 live alone work full time for amazon 24$/hr and still barely have enough money to even do anything after paying rent and buying basic groceries for myself, I have no vehicle cant afford to save for one like ever, cannot afford a house ever, unless a miracle happens and either prices go down or i find a job paying at least 35$/hr. DUDE WE ARE COOKED UNLESS MIRACLES HAPPEN QUICKLY. 10 years from now it will be literally impossible to live alone, nobody will have a home unless they make over 120k a year, SOMETHING NEEDS TO CHANGE!
I dont think even 120k will be enough.
Or just buy those 10K USD homes that Musk is selling. I have high hopes for 2025-2028.
Bro quit whining. You don't have the requisite skill set to survive in today's world. Go back to school, learn a skill like finance, law, engineering etc. and get a well paying job that actually has a use in society.
I make 160k and can’t afford a house lmao
@@trololololol1111that’s funny seeing how the job market for those fields are so insanely competitive that it usually takes several years to actually find a opening for. Instead of spitting some nonsense how about instead you focus on research and mouth of word by those that have experienced the things you say.
its not the trickle down economics that's always promised. Trickle up economics is what we always get.
New houses around my area start at 649,000$. How the f can i afford that.
do what everyone else is doing? down pay 8% and go into it with a 30yr mortgage - if you're a sucker that is
All new houses in my area are in HOAs, dont buy new
be rich, so simple
New houses in most of Toronto area start at over a million. $600k here is 1 bedroom 400 sq ft condo price. We also pay way more taxes than you.
Just “get gud” at life noob 😂
Wait! Didn't you guys vote for Trump!? I voted for Trump because the democrats were trying to put a maximum limit on rent. Plus they were trying to make newer homes cheaper. Which would've plummeted the value of the properties my family owns.
My great grandparents lived in a modest farm house with close to 100 acres of farmland. My grandparents inherited that. In the late 80s things got bad. They sold half the farm. Things were OK and had spending money. My dad and stepmother made close to 80 grand in the early 2000's. By 2005 there was an economic drop we lost the house. Moved to another state. In 2010 the economy got bad again they lost another house. I moved back to my home state that year to care for my grandmother at what was left of the familial property. By then, they had sold the other 50 acres to get By. By 2016 I had a good job 15 an hour but still couldn't afford to live on my own. By 2021 I had to switch to minimum wage job due to an injury. Now I'm jobless going to online school and using what excess student loans I get to pay rent and my grandmother tries to keep me fed. I can no longer drive due to my injury. There is no bus system in my town and no taxis. The only transportation is Uber which is minimum 15 plus tip for a 10 minute drive. So even if I worked at McDonalds between transport, rent, electric and food I'd be in the hole. It honestly feels like the economic crashes are planned in order to make us poorer so the rich can just gobble up more and more.
the late 80s were bussin, what happened to them?
为什么会这样？正常社会都是家庭财富不断积累的吧？
@@user-tm8jt2py3d If things are going that well it's probably someone taking advantage of some unsustainable loophole.
Just eat pasta and smoke fent To save money
@@user-tm8jt2py3d government started cracking down on tobacco farms.
Easiest fix to unaffordable housing: Exponentially Scaling property tax per how much houses you own / how much unrented/unsold units you have in any shared housing buildings you own (duplexes, apartment complexes, etc)
Make it unaffordable for people to hoard housing as an individual, and for apartment complexes to refuse to rent units under "market value"
If you only want to make housing apartment units that are luxury and there aren't people filling them because the market isn't there, you should have to rent them at a loss or be bled dry, bankrupted, and sold at auction to people who will manage it properly.
There's no reason we should be in the "Nestle" situation where an essential resource is being hoarded and drip fed to the upper class who can afford to be gouged and nobody else.
I always said there should be a scaling vacant property tax. Of course, the owners would just tear down the houses to avoid it, so it would need something more.
@@DrewPicklesTheDarkif intentionally turned into a vacant lot the taxes on should be double the mean of the surrounding property taxes + fine for every month left undeveloped.
I'm not a fan of property taxes in general, but if utilized effectively, could negate real estate hoarders
i enjoy this plan
American homes and American land for American people.
Not corporations, not non-Americans.
You realize the reason why rent is high is in part due to market assessed property taxes that increases every year.
Property taxes are essentially RENT. Good luck affording less than "market value" property taxes on even your primary residence.
Many people had to sell their houses that they paid off because of the ever increasing property taxes in places like Austin and Cook County.
Capitalism is great when you don't allow monopolies and mergers. There were too many mergers in the last 20+ years. If a company is going down, let it go down. That's probably #1 rule in capitalism to make it work for everybody. There are way too many monopolies now. That's what makes living so expensive - they love to bring prices up to make them feel uber-humans.
reminds me of when Obamacare forced people to get insurance. my mother tried to apply for it but could not afford it and opted to take the fine because it was cheaper.
Obamacare without the public option was doomed from the start. Thank health insurance bought senator Joe Liberman for that.
yeah, they wanted a full government option but congress said no.
@@bradleywhite6815 Specifically the deciding vote was Joe lieberman
My father was supposed to be covered for a surgery by the ACA and it wouldn’t cover it last minute. Had to pay out of pocket and it
Obamacare doesn’t force people to get insurance. It’s there to provide health insurance for individuals who can’t get it by other means (usually employment). Before Obamacare, you would be stuck uninsured.
The range for "middle class" is so large because the cost of living range across the country is so large.
You can be "middle class" on a $60K budget in more rural areas, no problem. But, if you tried living on a $60k budget in NYC or another major city then you'll be lucky to afford a Studio apartment.
if you make 60k in NYC then what are you doing there? indulging in some fantasy, sure, but why?
Yeah no shit. It's effecting the people whose lives haven't changed, the people that are upset arnt moving to higher cost areas, the higher cost areas are bleeding into their lives.
Also because how much you get paid in that state. If you work in new york minimum wage will get you 50k a year vs places like montana where itll be 23k
@@115zombiees A lot of people in low-cost of living areas don’t understand that making $80k in a big city puts you in the lower class. They don’t know that it costs $2,500/month to rent a run-down 1 bedroom apartment.
It’s not as obvious/common sense as you make it out to be.
@@Reginald_Harrison That's why I planned my career around being able to find affordable housing near a city I can commute to that offers higher wages on average. I also just prefer living in more rural areas. The suburbs are the closest I would want to live near a city.
ANOTHER thing No one talks about is the fact your local city and county governments are increasingly using police to make pretext stops to fill their coffers. They are Ticketing Americans at an alarming rate. These ticket costs have skyrocketed and it's also something that generally affects the poor and middle class disproportionately.
"Militias are the answer to government tyranny." - George Washington, probably.
They made being on the phone while driving illegal and my dad was ticketed the same day the law went into effect because his phone was on his center console.
Forget cops, how about cameras??
Look at New York City and the congestion tax. Why the hell are you taxing us more when 99% of New Yorkers can't even afford rent?
“If the penalty for a crime is a fine, then that law only exists for the lower class.”
My wife is leaving her job as child care for our 2 kids runs about 2100$ a month. Now to add her and the children to my insurance is about 2000$ a month lol. Imagine punishing the working/middle class for trying to do things the right way
My dad was an engineer back in 1996, earning $25 an hour. With that, he managed to buy a decent 4-bedroom house with a big yard and a pool, had two cars, a stay-at-home wife, and three kids, all while saving some cash. He always said we never had to struggle, even during the recession in the '90s.
Now, I make the same amount, but I’m stuck paying $1,500 for a rundown 2-bedroom apartment in a sketchy area. I’m also paying off one car and $300 for insurance, while my wife stays home with our baby. To make ends meet, I have to work an extra 10-20 hours of overtime just to save a little for emergencies.
Back in 2019, I was making $16 and barely getting by before the baby came. I finally got a chance to earn more than ever, but then everything started getting more expensive right when my income went up. It feels like I’m back to where I was in 2019. It’s frustrating, and I don’t see things getting better unless Trump actually follows through on his promises. They don’t want him to succeed because they know it would help us all thrive.
Things are bad and I have no money. I know, let me get married and have a baby so i have less money to not sustain my family properly. World, why you so bad?
@@an3582having baby shouldn't be a privilege for a working family ever
Do you work as hard as your father
@@AuthEarth with 10-20 hrs of overtime, I'd say the work harder
Since 2000 the median cost of a home has increased 137%. In the same time median annual salary has increased from 32k to 39k.
Its insane how bad things have gotten.
There is a site with real time US debt, very interesting to check out. Can't post links but usdebtclock is worth checking out for perspective.
There needs to be a scaling tax on owning more than one home. We need to make it LESS profitable for investors to have multiple homes. Your FIRST/primary residence should be 0% tax, or very low. And then it scales up. A corporation that owns and leases 5 different homes should pay a high tax rate on each home. Copy this if you think it would work.
Agreed
That exists to an extent already. It’s called a Homestead Tax Exemption. The loan requirements for 2nd homes is also stricter. The problem is they have so much money it doesn’t matter. Oh the taxes are higher? Okay jack up the rent.
@@kwerby3285 Just raise the taxes past the first or second home to the point that it's not profitable to own dozens or hundreds of homes.
The problem with that idea is that corporations will just increase the rent to keep up with taxes. If the government tries to cap the rent, corporations will threaten to crash the entire economy which will scare the government out of capping rent and raising taxes.
@@Sixty_Five_Pronghorn They won't increase rent if they can make more money in other business. It should be increace tax the more houses they rent so that they would stop buying more houses to rent.because they would lose money. Also, for corporations tothreaten the government, means there are monopolies.
I wonder if importing 10-15 million people over the last four years increased the demand on a strained housing supply?
Companies have such a high demand for low wage, exploited undocumented workers.
And i wonder what will happen when America exports tens of thousands of labourers who build houses
They aren't buying houses tho it's the people renting so they don't have to work that is ruining everything.
Don't forget large business interests buying up all the affordable housing to then rent it back to the imported people who get their rent paid by the federal handouts.
@@nemo8748you missed, we won't
It's not about building more housing! It's about some landlords owning 100s if not 1000s of properties. So it really doesn't matter how many houses you build if these landlords will just buy them all to rent out.
54k a year is NOT middle class. They need to stop trying to convince us it is.
It is if you live in a low cost of living area
If you live in Mississippi, Alabama, or the corn belt, it is
They have too. Cause most people make that or less. Middle class is just a term used to split the working class just like culture war nonsense
@@juliestade7529 nah, that's cope
According to the OECD middle class ranges from 75% to 200% of median income. In the US that's between 28k and 75k.
My grandfather used to preach to us how important it is to own land.its making more and more sense everyday
Here in Australia you can't own land near a high density town you have to sell for housing or the tax is insane 😂
The real issue is the wealth transfer. I don’t know how to fix it. We are getting price gouged into oblivion and nothing can stop these companies.
My dream is for Elon’s Department of Government Efficiency to save so much money that they could give reparations to tax payers :D
@@intorsusvolo7834nobody needs the gov to give them money, we just need them to stop taxing us so much because even when the gov gives away "free" money they can't do it cheaply, I don't remember exactly but for every dollar that California gives away in a particular assistance program it costs something like 80 cents. So it costs taxpayers 180k to give away 100k. That's why gov assistance is unsustainable.
Authoritarian dictatorship. If someone who was actually a nice dictator seized power and wanted to elevate their nation's wellbeing, they could use military force to straight up command all these companies to do whatever they're told and effectively eliminate inflation overnight.
There is no guarantee of course you will get the type of dictator you want, but throughout history, the nations that were the most prosperous were the ones with strong dictators who cared about their nation and people and made it so life was pretty good. Democracy can NEVER achieve something like that. It's why to this day, the Roman Empire is still remembered.
@@intorsusvolo7834yeah not happening. He’s going to pocket the money himself.
@@optimizor I think the reason why companies price gouge so much, is because the punishment is insanely weak. From what I googled, the punishment is either 1 year in jail and/or a $10,000 fine.
The issue with healthcare is that we pay for insurance and not use it, and then when we do use it, we pay some more. What was point of paying it in the first place when I have to pay more later anyways.
"Just work harder there's nothing against you, you're just being lazy"... Nice
Most 🥷ers are
people vote for those that are telling you this, Americans are fine with this logic
@SaitanicTurkey they are not lazy when it comes to stealing your girl 😂
@@SaitanicTurkey why are you, check your vocabulary
Yeah, the rich have always said this to the peasants. Just historical things.
Companies owning a large chunk of apartments and houses and listing them for rent is a significant part of the problem.
I live an hour from Pensacola, north of Destin Florida in a town of less than 40k people. My parents bought the house I grew up in for $65k in 1997, it's now worth $300k.
Commercial real estate here (retail/store front locations) cost $22 a sqft a year, which is unobtainable for pretty much anyone that's not backed by a huge multi million dollar company (1000sqft location costs a minimum of $2k+ after fees and tax before utilities).
There is nothing to do here. No local hangout spots or businesses. Every year we get a new car wash, bank, or hotel, nothing actually useful for the local citizens. But they add hundreds of new houses every year. We have some of the worse traffic I have ever seen for the size of the area and I have driven all over the world. Our roads are destroyed and have been under major construction all over the town and county for YEARS,
Nothing will change. You will own nothing and be happy.
Geez… hey, you want your turn with the razor?
I already drew a hot bath.
Jesus dude, we’re gonna get through this one way or another, don’t give up.
18:55 literally correct. it is a huge part of the problem. suffering for strangers is not what i signed up for, suffering for my own people is obviously different
Because of high immigration, greed and foreign ownership (by Chinese, Indian and Arab billionaires) the average rent in Australia jumped from 450 dollars to 650 dollars a week just in a few years. Australia has more than half a million immigrants coming every year but there aren't enough houses to live in and not enough jobs either.
I hate our own government so much. I'm 30, grew up seeing a bright future but it's gone to complete shit last 10-15 years, slowly saw it with my own eyes. I despise our gov for doing this to the regular aussie
Can't speak for Americans but here in Italy immigration is destroying the economy. Basically immigrants (all of them, even illegals) are entitled to 20 euros a day gifted from the taxes Italians pay, and also a free house (a small one), and if an Italian and a non-Italian both ask the government for an house so that they can't be homeless, the government is gonna look after the immigrant first. Having 20 bonus euros a day, they can afford taking jobs for less money, which completely destroys the local jobs, as Italians are pretty socialist oriented we will go on strike, however since immigrants can afford to work for such a low price going on strike won't do sh1t. The government, in their eternal quest for seizing any sort of private property, is putting incredibly high taxes on the middle class, destroying any hope of social mobility. As if it wasn't enough, the government is drowning in taxes the workplaces, which encourages them to find lesser workers if not to leave the country
Why is Australia jusy the nature hellscape opposite of canada. We have the exact same issues and complete opposite sides of the globe and completely opposite nature's 😂
But fr immigration here in the north is our main issue we invited over 1million immigrants in 2 years but we are only able to make 240k homes a year because 6months of the year the ground is frozen
Same in Canada, but idiots keep voting for these policies then cry about prices
Bro. Two hundred up ? Try living in a place where every YEAR it goes up a minimum of 100 USD and that's not counting utilities increase.
Every single one of these issues is the governments fault.
They print and borrow to cover their massive unending deficit spending, which reduces the value of the dollar. They pass energy regulations and tax increases making everything more expensive, cost of production, cost of shipping and just general tax increases like on fuel and property taxes. They regulate into oblivion. In some places new construction can take nearly a decade. There are so many comities, sub committees, inspections, studies etc that it can take a decade to build anything. (The most famous example was it costing 6 million to build a single stall bathroom and a company offered to donate the materials and construction free of charge and it still would have cost tax payers 1 million to build.)
Then the government allows monopolies and predatory business practices. Explain to me why companies that get billions in taxpayer subsidies (blackrock for example) get to buy entire neighborhoods of houses? The government is funding the castration of the middle class using our taxes to do it. The government has literally one job in the economy and that's to regulate monopolies. Since I've been alive they have been encouraging them.
Cause the politicians are profiting off of it
*republicans* fault. There has never been 1 bill in modern american history that concerned the building of affordable housing and rent controls that was not voted for by the majority of democrats. 100% of all republicans vote no to 100% of all bills that promote the building of affordable housing and rent caps. There is clearly and painfully obviously one group trying to fix this issue, and one group profiting off of it. And I'm not even a democrat im an independent, but on this issue its clear as day where the problem is.
@@yeetusdeleetus4697 the government passing a law for affordable housing does not fix the housing problem. Every single time the government “helps” it makes the problem worse.
Whenever the government “helps” costs go up and the deficit goes up and someone in the middle of it all makes a killing off us.
We need to deregulate all the red tape.
@yeetusdeleetus4697 the expansion of government under Democrats has not been great either
@@fdajax5107 It sure hasn't im 100% on board with that brother
American Dream is now officially actually a Dream and unobtainable.
Because it can't be achieved, we're all stuck in the American Nightmare.
We don't need any more whistleblowers int the business.
The reason it’s called a dream is because it’s unobtainable 😢
A nightmare is technically a dream....
@@Orphan_X Yeah, and it's one we're not waking up from any time soon.
Not just in America, here in Australia I work a respectable college job earning a medium level income and my mortgage is now around 50% of my income when it was just 25% 5 years ago. I used to think about saving for my next car or buying new furniture, now I think about how many groceries I can afford to buy and whether I really need health insurance. The banks and the government are determined to never let the people have a comfortable level of money, and rather than actually addressing the real issues of corporate greed and the 1% they just keep increasing interest rates and killing the core concept of capitalism because nobody has the money to buy anything.
Two words. Silent depression.
It really is bad too. Where I live I used to have a job working for a series of banks at a sort of call center, I made about 40K a year, which is below middle. My job has been replaced by automated Ai which I can promise you the people who are forced to interact with it hate but it saves the company hundreds of thousands of dollars a year cause the people they used have do the job are gone now. I worked hard, my thanks was the unemployment line because big wigs suck.
On top of that it was very hard to save and I don't live outside of my means. I don't own a smart phone, I don't drive an expensive car. I learned to fix it myself to save money, I live on cheap meals, and I've been forced to get help from my parents who can offer rides cause guess what, I don't even own a car cause I could walk to my job and that can cost a huge amount of money in insurance and gas.
The only thing I have for myself is reading things like manga cause I enjoy sitting down and reading them. I don't drink, smock, party, and I work out a lot to stay healthy, this is my one escapist vice not even TV anymore cause I used to just have Crunchyroll but I stopped cause Sony sucks. Well the left kept putting me down, mocking me for my race, gender, and sexuality (a normal strait white adult male) and trying to take every little thing from me i love including the books I enjoy reading. The best thing to happen to Trump was the left being bat shit crazy and if he just doesn't do what they did and make it easier for me to earn money again then he's a million times better than anything they have to offer and I don't even like Trump
Spoiler alert: He’s not going to make earning money easier for you, and 4 years from now you’re going to be disappointed in him, because life will become even harder.
You are doing your best to get by, as many of us are. We’re all in this together.
Sorry about your job m8. Unfortunately you can't beat innovation.
@14:00 I can be argued people don’t eat more than they did in 1900. The problem is our food landscape it’s literally addictive drugs. Not nutrition. That is a systemic problem that can be addressed with legislation.
Sugar kills, and high-fructose corn syrup poured into almost everything just kills faster.
So many people are dumb to this look at most tobacco companies owning food companies now some of the worst nutrition.
Imo, a big part of why Americans can't afford things is because of city design. Majority of cities aren't walkable and don't have a dense enough public transportation systems. This forces Americans to own a car to go to work, groceries, and outside in general. Cars are expensive to own: property tax, gas, insurance, car/lease and maintenance.
Imagine how much one would be able to save a year if they didn't have those costs and paid 5$/day for subway.
Of course, prices for everything are going up and it is also part of the reason
Yep, here in Europe atleast I dont have to own a car, Idk how the hell would I afford that lol
As a veteran Chinese, I approve this message and it applies to china’s dream as well😂
Dont tell them for them world aoutside of america doesnt exist and everything is about them😂
@@matous2542you're watching a video from the US about the US observed by a man who lives in Texas. If you want to watch videos about the rest of the world, feel free to view media relative to that.
For 99% of people their dream life it just a dream
The vicious claws of capitalism spreads far and wide. It's no wonder Bloomberg loves China.
The favorite pastime of people who aren't from the US is talking about not being from the US online. That's it. That's the entire personality.
Can't say I've ever watched another youtuber who isn't from my country of origin, for the sole purpose of saying that I'm from the US. Lol.
Bring production back home from over-seas, increase subsides for skilled labor training, higher minimum wage, caps on stock holder pay outs, requirements of reinvestment in equipment and labor force.
Do you think that Boomers feel bad for the way that things are for younger people?
Nahhhhhhh
No. They always blame us and never themselves.
Have you ever met a boomer? They are the most selfish people in history.
I doubt it, boomers think we messed the country up, not them
They truly don’t give 0 F’S!
Last month a 16 lbs. Bag of ice jumped from $3.50ish to $6.00. A bag of ice!
Literal water
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
In my country the government says that housing should be 1/3rd of your monthly budget, is literally impossible to get housing that low for middle and low class. Literally impossible, it's like that girl said more like 2/3rd if lucky and then there's taxes which reach 50% easily. Meanwhile government workers get salaries that are easily x2 - x3 higher than same job in the private sector. Leeches all of them
You can't get back to an economy that's affordable again.. The way an economy is set up, they target 2-3% inflation, that inflation also compounds year on year.
In order for things to go back, there literally has to be a recession in order for prices to deflate.
Who loses out in a recession? Sure shareholders do yeah but when companies lose money, cuts costs on employment.
The lowest class that do own homes will be the ones to lose them, not the investors and just like 2008, the ones who will get bailed out will be the banks again.
always them despite not saving a soul in combat.
I mean ...
I recently bought a house for 200k in Arkansas. Monthly payments including taxes and escrow are $1,450..
My wife and I together make around 80k a year.
We are thinking of doing twice the amount of the monthly payment to pay off the house sooner (in around 7 years) and still be left with around 1.5k a month in savings after all other expenses.
I think knowing how to budget plays a HUGE role here...
I
Before the 1970’s (maybe 80s) you could raise a family and live a decent live with one parent working making a decent/good wage. And back then the USA produced a lot of our products. Ask yourself why in 2024 everything is made in china by slave labor because of low wages but everything is still expensive. Something changed and somethings not right.
The 1980's happened. That's where wages stagnated and public debt began to rise. It's been downhill from there
@@James-gx9gn Actually wages flatlined in the 70s. There's a graph of productivity vs wage, and the wage stops dead in the 70s.
Greed, the answer is always unfettered greed.
The FED, money supply, gold standard...
higher tariff, thats why
Annual property taxes should be illegal. Pay property taxes once when you buy your house or property
Yep, it's not uncommon in our rural area for elderly people to have to sell their long ago paid-for homes just because they can't afford the outrageous property tax increases.
My only push back on your comment is that the most efficient way to tax wealthy individuals is through property and inheritance tax. What you could do is more homestead exemptions for certain tax brackets, certain individuals owning just one primary residence
@@tysonkrehnke2835 The devil is in the details, so at what point is one considered wealthy? Is that based on income or assets? And, if assets, what if one is talking about someone like a farmer who is "land rich, but cash poor?" The family ground may have appreciated drastically due to suburban creep and wealthy individuals wanting McMansions out there in "nature," but those acres may only be producing a net profit of 20-30k/year for his family to live on.
Yea, this is why you don't really own anything in the U.S. What happens if you don't pay your property taxes? Your home is seized, and you're evicted. You're just paying an alternate form of rent, that's all. You truly don't own the property.
@@Bryan-f8k2sSame with your car. You buy it outright no loans? That's nice. Pay your annual registration, license and insurance or the gov will steal your property.
The Mafia offered better terms than this.
My wife and I both work full time jobs and we can barely afford rent. America is a scam.
Having a six figure salary is literally average income at this point.
I remember when a six figure salary allowed you to live without stress over bills.
One of my biggest annoyances in life is someone with a uni degree and 9-5 saying they’re middle class… no assets, no company shares, no inheritance, just because they make more than minimum wage…
If that is your biggest annoyance you should see how people in countries outside the West have to live
assets, company shares, inheritance? Those words all talk upper middle to high class. No middle class person has these lol. Inheritance sure, but thats a big gamble considering a majority of people probably have siblings and they have to split that. As for company shares, they probably dont even know what that is or how to obtain it. For assets its more than likely the only assets they have is the jewelry on their bodies like watches or shoes.
No passive incomes, no stored value items like gold, and no market knowledge. Thats middle class. Middle class is the most taxed.
@rso823 thats upper middle regard
It already unnerves me (as a Hungarian/Magyar outsider looking in), that you need assets, company shares or inheritance, to be middle class.
@@MattBertuleitI live in China. 3 bedroom appartment is 1.700. Low earners would get like 7.000. So yeah.
My monthly budget:
My income after taxes: $3900
My apartment rent: $1600
My bills (electric, insurance, maintenance etc.): $1200
My car: $300
Food/drinks: $400
Hobbies, fun, entertainment: $100
Other stuff: $100
I have ~$200 left to invest or save. I have a good credit score. But I won't be able to own my own home. Not sure if it's worth it either, especially if it's a house, as property taxes and maintenance is pretty expensive.
Then ppl wonder why kids stay with their parents when the reward for doing so is 2,800 a month.
Your budget is very similar to mine. My rent is $1,750 tho. But my bill is much lower. Get cheap insurance, dont use electricity, get the Mint phone service, and lower as much as possible. And look for higher paying job now. Or get a second job like I did. Goodluck.
1600 for an apartment?? Im being fucked paying 1900
@@exalted6176my 1 bd apartment is 1970
Meanwhile you have people building actual affordable homes for their communities and the government decides to shut it down or find some way to tax it.
100% same in germany and probably world wide...
Sure but americans are not aware outside world exist 😂
Putin canceled our gas after Ursula bragged about banning Russian gas. How dare he?
Everyone knows it's Putin's fault 😠😡
It's everywhere, I'm a student here in Malaysia since 3.5 years.
The prices for everything has doubled!
Literally doubled!
For rent it's a 50% increase at least if not more.
@@qozia1370 What about everything else? Food, bills?, cars, tools, fuel? UK here, and we are getting shafted.
@@matous2542who cares? Americans live in America so they’re worried about American problems
Middle class has always been screwed the most
What I always liked about Asmon is he has managed, even with his relatively huge income, to always remember by lived experience that $5 can be a helluva lot of money sometimes. One of the worst mistakes of the recent past that didnt help at all is the dirty the Dems did to Bernie.
That's one of the biggest reasons I'm an independent.
I cant support corruption; doesnt matter the "side". Corruption always leads to ruin
Monopolies and oligopolies are supposed to be illegal or regulated like utility companies. Walmart got in trouble for this, price fixing, to wipe out the competition which was mainly ma and pa stores and struggling retail stores. Lowered prices to do this and raised them after the competition was mainly gone. Problem is they got so big the fines didn't hurt them enough, and this was in the 90s or early 00s.
You do know that the rich corporate elites love the regulations right? Because this means that the barrier of entry into the business becomes higher, hence less competition.
@@joebonetto5406 that’s why if I was president, I’d try to fine corporations at least $50-$60 billion each time they price gouge.
@@wizardgaming6759 Nah, that's too high, and very vague. Because how do you define price gouging?
Just make sure that it is illegal for corporate elites to discuss behind the public's backs on trying to set a price for a good. Or make any agreements between corporate elites on the topic of setting the same price any good null and void. That's it.
@@darpmosh6601 there's all kinds of regulations that protect workers and the environment etc.... these are the regulations they want to cut, plus others. I'm worried about all the cuts that they want to do to social services. The ACA, affordable care act(Obamacare), saved my life up till now. I got sober in 2016 then I got hit with a bunch of health issues like liver cirrhosis, thyroid disease, autoimmune diseases PsA attacking my joints and bones along with skin lesions that are very painful. If they get rid of the ACA this will all become pre-existing conditions and not coverable since the ACA also protects you from pre- existing conditions. I know parts of Medicare and social security will be cut too. Since the ACA covers 45 million Americans and if you ad the cuts to Medicare there's gonna be a lot of sick people uncovered AGAIN! Plus millions of jobs eliminated in healthcare will hurt the economy big time.
Lower cost of living will always be better than higher wages.
Tariffs really going to help with that lol
@@SteadyEddie543-cb4uv They will if manufacturing changes over time. Short term pain for long term gain.
@@ccoodd26 wrong if you thought people didn't work now wait till that shit hits lol
@@SteadyEddie543-cb4uveurope put tariffs on usa made cars ,100%. Same for Japan, china , vietnam etc. What's new?
@LemonHillSoccer yea look at how bad it got
"Why are the peasants revolting?"
"My Queen, they are starving to death."
"Why don't they eat biscuits?"
Just going to throw out the fact that 161k in a more expensive city with a family isn't as much as it seems. If you're making that remote living alone in Iowa vs making 80k with your spouse in a big city and have kids you're in two completely different situations. Bless the families who are raising kids on 60k.
For anyone who ever wondered how a radical, racist movement could rise to power in 1930s germany. THAT's how.
That’s a hundred years ago. Things are a little different these days
@@seriousdefecti agree with you but i think that’s the wrong argument to use
@@seriousdefect A lot of things are different, yes. Including the roots of the problems we face today in comparison to back then. We have social media, globalisation, human rights etc. But basic human psychology hasn't changed a bit. Build a society/economy in which the average normal person is unhappy and it will eventually become the goal of said average person to tear it down and rebuild it.
Like if you have 10 people sitting at a table playing a game. If the games rules are so rigged that 1 person will end up with everything and the other 9 end up with nothing, it will get to the point where for the other 9 people it makes more sense to flip the table and see where the pieces land.
@@seriousdefectsurely
Yea and thankfully we defeated that movement this election and have 4 years to undo some of the damage the last one did
Yeah I got to call BS on that guy saying they're not building enough housing, here in Denver there constantly building tons of apartments and homes not because there's not enough but because they can charge in crazy amount for them and a lot of them go empty because of greed and they know people will have to pay those crazy prices cuz they have no choice
If there was a surplus of housing, prices would drop. They’re building a lot but not enough and the price of building is jumping like crazy.
It cost us $400K to build our house a few years ago. The same house would cost $600K today.
Yep they're still building houses or apartment but some people thought its a good idea to treat homes like a crypto.
As an European I was recently on roadtrip in USA and I was really shocked by the "shadow fees" and their volume to the point when I felt at the end of the trip that every single business was trying to scam me, rip me off or get as much money out of my pocket as possible. It does not matter if we went to restaurant, sport venue, theatre, shopping online....it was literally everywhere. In general it seems to that that you make a choice on completely fake price, because then there is 25$ venue fee, 17$ service fee, 12$ processing fee, 20$ cleaning fee , 2% credit card fee and my most favourite 20% or higher tip. (I do not have problem with tip, but I have a problem when tips are starting at 20% and some went above 30% which is SIGNIFICANT!!!) In the end, the price nearly doubles, in better cases it went up by "only" 50% from the price which we saw on the menu or on the page. For me this was unbelievable, because here in EU we have a law which mandates every business to display final price. So if I see 50 Euro pricetag I am sure that I will pay 50 Euro. While in US when I saw 50$ price tag I was guessing if the final price is 80$ or 100$. Which feels to me like complete scam. My guess is that these "fees" are not included in the official inflation data, which in end makes real inflation much much worse.
In Canada, we're seeing companies buy up tons of homes and not put them on the market immediately.
They'll hold onto the homes to drive up the price and slowly start putting them on the market.
In the late 80s/early 90s, the math used to be that an a home within your price range needed to be max ~3 times your income; when I bought my home in 2013, I needed a mortgage ~8x my income and I was making decent money at the time.
Once you remove 20 million illegal immigrants, the cost of housing will go down and the cost of labor will go up. Both things work on supply and demand.
It’s crazy how many people don’t understand that. Wages will go up if there’s less applicants.
You think it's that easy? Tell me how deporting 20 mill is gonna make greedy investment firms lower house prices😂
What if none of those 20 mill own houses and it's the AirBnB people renting so they don't have to work
@@chrisl6845 i’m not going to explain supplying demand to you on TH-cam take a class or read a book.
@@chrisl6845 Suppy & Demand big brain
AsmonGold made more off ad revenue from this CNBC video than CNBC did lol
Every month this year, I've been just scraping by doing the absolute bare minimum... and every month, I get a notification on my phone about how much more I spent this month this year compared to this month last year.
I have gotten TIGHTER with my money over the years... and yet, I'm spending more than ever.
I can remember when Obamacare rolled into effect I went from a $190 monthly payment on healthcare to $680. And then when I couldn't afford it I was fined for not having insurance.
Same happened to me!
That's crazy 😮
@scottg9899 it's crazy huh how the fine almost equaled the amount of money you couldn't afford because it went by person living in your household all your dependents.
I still get people telling me I was lying about that. I was making 14$ and hour at a garbage factory job and It was cheaper to eat the fine than pay for the healthcare coverage at my job because it was so unreal. That was back in 2014. I remember it clearly. I was only 27 and I was like "why does a healthy mid-20's person HAVE to have health insurance?"
@@bobby45825 I had the same scenario haha I think I might have been getting paid $16 an hour during the eagleford oil boom putting in over 80hrs a week is what saved me especially since I had just bought a house in 2012.
2 cans Raos marinara sauce
2 lbs ground beef
8 oz parmesean cheese
Coffee mate creamer
1 bundle of spaghetti noodles
It was over $40 for me this week. 1 meal. I'll drink my coffee black to save $8.99/month. Pulling myself up by the jockstrap
I like my coffee blacc just like my women
Raos is great sauce but it's like 6$ a jar now!
Skip raos. Tomato, onion and mushroom with that beef and you good to go.
buy the tomatoes from companies that sell produce grocery stores won't buy. Jar them yourself. they taste waaay better and it's so much cheaper.
buy a fat 10lb tube of ground beef and invest in a second freezer. will pay off in the long run.
parm is just expensive nothing you can do.
don't need creamer, just use milk. boil it down with some sugar and it comes out fine. add some flavoring too when boiling.
dried noodles are cheap in bulk.
shop smart.
@@karotees Solutions like this are the something we can all implement in our daily lives to cut down cost. It's all about the changes you can make in your personal life. I don't have control over the economy, but I do have control on my spending budget.
because Nixon took us off the gold standard.. funny thing is after he did that, he got taped basically saying "effing jews made me do this"
Nixon knew
How do you avoid paying a tariff? By making the product in the USA, right?
Also car insurance keeps creeping up, when I started my current policy last year it was $133.00 it’s now over $200.00 a fucking month I’ve been shopping for another policy and they’ve all been relatively close. Insane for something that is only used on if situations/accidents and most people get screwed even with insurance anyways.
Our insurance went to 400. It’s the price of financing a car.
If you've never had an at fault accident and had a clean driving record for the past 5 years, car insurance should be optional.
@@jer1776 And what happens when you hit a car or a pedestrian? Most Americans don’t have 100 lying around let alone 300,000 in lawyer and settlement money.
I'm at 210 for my most recent payment. Good to know I'm not alone.....I guess? Lol
I inherited about 30 rental properties that were already paid off. I haven’t raised rent in five years. I have a waiting list that is five pages long.
I was able to retire at 40 and have people managing them for me and still take in a ton of cash.
Greed is wild. I could double the rent but I like my happy renters that take care of the property.
At 23 years old, i was able to afford a rent house on my own. Im now 27 and will be lucky to afford a studio appartment
Oh how weird what changed in the last 4 yrs I wonder 🤔
@@SteveBreen-t3w it went like 50% up
Merle Haggard said it best “a working man can’t get nowhere today”
Imagine the surprise of apprentices being inclined to vote left against themselves.
Now that's some real world experience some can't accept.
with squatter rights in the US isn't an empty house very risky?
Depends on the state but in a good chunk of states yeah it's a problem.
It's state-dependant
As a landlord, all of the times I've raised rent on existing renters is due to taxes. If the house prices are going up, then so are the tax valuations. The 3 years I lived in San Antonio, my personal property taxes went up by almost 3x, from 2k per year to around 6k, just for my house.
Don't forget the insane levels of regulation in healthcare as well. States even have quotas as to how many MRI machines or other diagnostic tools are allowed to be in the state. You have to apply for a license and get permission to purchase most major diagnostic systems for human use. It's not the same for veterinarian use, so it's much cheaper to get an x-ray or MRI from a vet than from a hospital even though the technicians and machines are the same.
@@farodek The "technicians" who image animals are not the same as those registered to treat humans. I was with you up until that point.
In 4 years my old apartment went from 550 to 750. Thats 50$ per year. Wages remain same in my state have not changed one bit. This is the lowest end apartment in very bad areas. Now you have 2 to 3 people living in 1 bedroom because your required to make 3x rent to be approved
the portfoil belongs to you, equity belongs to you. you passing the tax burden to your tenants is absolute scum move.
@@simunator No, the scum move is the government introducing the tax burden. The government prints money causing asset prices to rise which increases the wealth divide, then they raise interest rates and collect capital gains taxes to claw even more money back from people who own the assets. Owning real estate doesn't suddenly mean you have lots of dollars in your bank account. Quite the opposite, you have loans and expenses that need to be paid or you'll be forced to sell the asset to some other landlord. There's no away around this, either you pass the costs on to the tenants or somebody else will.
Talked to a guy a few streets down in a very nice neighborhood $1+ million dollar homes and told me his mortgage is $850 a month for a 5 bed 4 bath 4,000sqft home. Said he got it about 10 years ago with a $10,000 down payment….😢 I will be lucky to even get a mortgage for a tiny home for $60k. I’m 33 and live with my parents.
In the 80's my Dad bought a house at £45k with an average £9k wage - 5 years wages
The same house today at an average income of £35k is £250k - 7 years wages
I can not afford to by my fathers home that I grew up in
In the 50s one could buy a house with 3 years wages while at the same time support his wife at home and several children.
My mom bought a 3 br 11/2 bath house for 200k in the 90s
It is now worth over a million
Lucky you, here 1 bedroom apartment is 14years wage now 😂 double that of NYC