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Kozzzman t1_iu0yrmz wrote

Reply to comment by ATXSTLWPB3POINT0 in FIL overlooking the property he just bought. New Brunswick, 1979. by Brucius704

Why won’t you?

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Difficult_Citizen t1_iu12ybk wrote

Land and home ownership are wildly more difficult things to buy these days. Back then OP's FIL could buy land, a house, a car or two and send 3 kids to college on his income alone working a normal job. Tax rate on the wealthiest member of society back then was 90% and the nations middle class thrived. I think the tax rate on the nations wealthiest these days are less 25% while the middle class burdens 37%+. Basically, today's adults do not possess the buying power of their parents/grand parents and most are locked in credit card debt. Something that didn't even exist back then.

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Kozzzman t1_iu14yuw wrote

I get all that, but I have a very average job and was able to buy property very recently, and I’m New York metro area.

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ATXSTLWPB3POINT0 t1_iu184v2 wrote

That. Also the fact that I’m 34, have $5 in my wallet, zero savings, one maxed out credit card, a full time job, but just barely getting by.

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EnvironmentalDeal256 t1_iu1gcrj wrote

You may want to think about prioritizing a few things. Or not it’s up to you.

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ATXSTLWPB3POINT0 t1_iu2xhiv wrote

Hey thanks. Considering I was homeless 6 months ago and suicidal, this is good to know.

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Difficult_Citizen t1_iu1befm wrote

If you have an average job in NYC metro and bought property in NYC metro, then there is something you're not telling us.

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Kozzzman t1_iu1g4sh wrote

Nope. Saved up and bought a little house outside NYC.

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Difficult_Citizen t1_iu1oi0z wrote

Define "Outside NYC". Can I ask your job and what you paid for the property? I suppose it's possible there are a few unicorns out there, but mileage varies and for most, owning a home mostly feels un-attainable at this point and is something only boomers or rich people can do.

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