Latest Coronavirus - Yikes

#113,452
#113,452
Ttucke11 said:
I see what you're saying, and I'm pretty conservative and frugal especially for my demographic, but I still disagree. The one thing my generation got screwed on was wages vs inflation. They clearly do not match. Could a 1 income family survive? I suppose. Could they thrive like when a mailman could have a 3 bedroom house, stay-at-home wife, 2 kids, a dog, 2 cars, and go on family vacation every year like in the 50s-70s? No, not in the least bit.
Click to expand...
Now you have a point. Younger generations are paying through inflation and low interest rates on savings (if they have any savings) to pay the tab of these boomers. I get it. You guys are getting robbed. The only real solution (which is obviously too late for you and your situation) is to wait until all this nonsense crashes with a combination of this money printing and the boomers dying off or going to assisted living. There will be a deflationary cycle that rolls in where you have all of this home inventory vacated by these boomers or left behind because of the housing bubble. Then at that point, you might (might) be able to live like the postman of the 1950's on one income.
 
Last edited:
  • Like
Reactions: Ttucke11
#113,453
#113,453
FIRaOwDXoAckigI
 
  • Like
Reactions: Rocky_Top_Vol13, LouderVol, NorthDallas40 and 1 other person
#113,456
#113,456
Rasputin_Vol said:
Now you have a point. Younger generations are paying through inflation and low interest rates on savings (if the have any savings) to pay the tab of these boomers. I get it. You guys are getting robbed. The only real solution (which is obviously too late for you and your situation) is to wait until all this nonsense crashes with a combination of this money printing and the boomers dying off or going to assisted living. There will be a deflationary cycle that rolls in where you have all of this home inventory vacated by these boomers or left behind because of the housing bubble. Then at that point, you might (might) be able to live like the postman of the 1950's on one income.
Click to expand...
Waiting patiently is exactly what my wife and I are doing. We have our debt paid off and are aiming at a safety net of a year's salary in the bank. Then we start investing to see what we can earn on our money.

Once the cycle hits we'll be buying a house here. We may actually buy one in Japan, where the rural houses are already being vacated en masse by old Japanese people and you can get a nice house for like $50k.
 
  • Like
Reactions: Orangeburst and Orangeslice13
#113,462
#113,462
ButchPlz said:
Waiting patiently is exactly what my wife and I are doing. We have our debt paid off and are aiming at a safety net of a year's salary in the bank. Then we start investing to see what we can earn on our money.

Once the cycle hits we'll be buying a house here. We may actually buy one in Japan, where the rural houses are already being vacated en masse by old Japanese people and you can get a nice house for like $50k.
Click to expand...
Now that is an interesting move... but sounds too good to be true. Must be in Hokkaido?
 
#113,464
#113,464
ButchPlz said:
Waiting patiently is exactly what my wife and I are doing. We have our debt paid off and are aiming at a safety net of a year's salary in the bank. Then we start investing to see what we can earn on our money.

Once the cycle hits we'll be buying a house here. We may actually buy one in Japan, where the rural houses are already being vacated en masse by old Japanese people and you can get a nice house for like $50k.
Click to expand...

Isn't it pretty hard to immigrate to Japan?
 
  • Like
Reactions: Rasputin_Vol
#113,466
#113,466
hog88 said:
Isn't it pretty hard to immigrate to Japan?
Click to expand...
Rasputin_Vol said:
I was thinking that also. He probably has a Japanese spouse?
Click to expand...
My wife is Peruvian, but it's fairly easy for foreigners to buy a house in Japan, especially since I know Japanese.

Getting a work visa is not so bad, which would let me stick around for longer than the tourist visa, but yes, immigrating on any permanent basis is difficult. Worse came to worst I'd own a vacation home that I could stay in in 90-day blocks and would let one of my friends in Japan manage it as an AirBnB or something.
 
  • Like
Reactions: hog88
#113,469
#113,469
Rasputin_Vol said:
Now you have a point. Younger generations are paying through inflation and low interest rates on savings (if they have any savings) to pay the tab of these boomers. I get it. You guys are getting robbed. The only real solution (which is obviously too late for you and your situation) is to wait until all this nonsense crashes with a combination of this money printing and the boomers dying off or going to assisted living. There will be a deflationary cycle that rolls in where you have all of this home inventory vacated by these boomers or left behind because of the housing bubble. Then at that point, you might (might) be able to live like the postman of the 1950's on one income.
Click to expand...
Until then, keep paying your taxes because daddy needs a new $80k truck!
 
  • Like
Reactions: Rasputin_Vol
#113,470
#113,470
ButchPlz said:
Waiting patiently is exactly what my wife and I are doing. We have our debt paid off and are aiming at a safety net of a year's salary in the bank. Then we start investing to see what we can earn on our money.

Once the cycle hits we'll be buying a house here. We may actually buy one in Japan, where the rural houses are already being vacated en masse by old Japanese people and you can get a nice house for like $50k.
Click to expand...
I vacated all investments and bought land. Keeping an emergency fund and buying land as my investment.
 
  • Like
Reactions: VolinWayne
#113,471
#113,471
Bassmaster_Vol said:
Click to expand...



And people wonder why some of us are resisting any type of mandate. That didn't happen overnight. It started with the majority of the population simply going along and complying with whatever mandates were put in place(for their health). I bet there are a lot of people there who wish they would have the opportunity to start over and resist from day one before it got as bad as it is now.
 
  • Like
Reactions: davethevol, Rasputin_Vol and Bassmaster_Vol
#113,472
#113,472
VolinWayne said:
And people wonder why some of us are resisting any type of mandate. That didn't happen overnight. It started with the majority of the population simply going along and complying with whatever mandates were put in place(for their health). I bet there are a lot of people there who wish they would have the opportunity to start over and resist from day one before it got as bad as it is now.
Click to expand...
How many people, my wife included, have lost their jobs because they wouldn't take a vaccine that doesn't stop the spread of covid? What has been done to this country is pure madness. And if there weren't enough people resisting, and republican governors like Desantis, stuff like what's happening in that video would be happening here.
 
  • Like
Reactions: VolinWayne and ButchPlz
#113,473
#113,473
VolinWayne said:
And people wonder why some of us are resisting any type of mandate. That didn't happen overnight. It started with the majority of the population simply going along and complying with whatever mandates were put in place(for their health). I bet there are a lot of people there who wish they would have the opportunity to start over and resist from day one before it got as bad as it is now.
Click to expand...
Unfortunately, I doubt if it is enough people.
 
  • Like
Reactions: Bassmaster_Vol
#113,474
#113,474
4132646F-1137-41DD-839D-AC69FBDB4A49.jpeg

'No ICU beds left': Massachusetts hospitals are maxed out as COVID continues to surge

Dr. Melisa Lai-Becker, the medical director for the emergency department at Cambridge Health Alliance's Everett Hospital, spent much of Monday afternoon urgently calling hospitals all over the state.

"I was searching for an ICU [intensive care unit] bed for one of our patients, and every single facility is full," she said. "They are at full capacity. They have no ICU beds left."

She even started looking up hospitals she could call in neighboring states, but they're in the same predicament.
 
New posts
You must log in or register to reply here.
Advertisement





Back
Top