@JPBillingsgate @JeremiahDJohns Would like to start by building and revisit how partial the solution is.
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Andy Robin
4.1K posts
There are maybe 12-15 metro areas in the U.S. where the lion's share of college graduates can congregate to build wealth. These are the areas where housing (see: property values combined with onerous zoning and building regulations) are most acute. Too many financial eggs are in too few baskets.
But there's really nothing we can do about this except build, and that is only a partial solution.
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Adding another data point to the discussion of Expensive Lunches:
People are spending less money than ever before, in percentage terms of their income, on groceries. But spending on food outside the home has gone up over time and has actually passed food at home.
Jeremiah Johnson 🌐@JeremiahDJohns
The biggest thing happening behind the scenes in the "expensive lunch" discourse is that Zoomers are eating out at ridiculously high rates. It's a silent assumption for a ton of young people that restaurants are a basic necessity, not an occasional treat.
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@JPBillingsgate @JeremiahDJohns Right but I want it to be *easy* for young people to be able to move to cities that they want to work and raise families in because I think that is a good outcome. Certainly harder to move to a city now than it was don't think you'd dispute that?
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@andyrobinplays @JeremiahDJohns As it is for anyone who is buying a home or renting, not just young people.
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@JPBillingsgate @JeremiahDJohns Yeah wouldn't argue with this really, they have more money, but housing is taking up a bigger share of their total expenditures.
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@andyrobinplays @JeremiahDJohns Are they? Gen Z at age 25 own homes at a higher rate than either Millennials or Gen X: marketplace.org/story/2023/09/…
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@JeremiahDJohns In fact, they seem to be doing better in almost all aspects aside from housing (which is a big deal and very bad).
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Also, both sides of this argument seem to assume that Gen Z is suffering mightily, and are arguing over whether the culprit is neoliberal capitalism or Zoomers being coddled idiots.
But it's not clear to me that Gen Z is doing any worse than previous generations.
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@Pan_Dread @HereIam_yaknow @TheEbonyMaw I did it on 90k in the bay area 10 years ago. Not a crazy ways off from 80k elsewhere now imo.
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@HereIam_yaknow @TheEbonyMaw Can't buy homes in California - yes. Can absolutely buy homes in lots of safe, clean places in America
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If your main point is something like “Kevin O’Leary is using a worst case scenario of a Gen Z guy who’s bad with money to downplay how much harder it is to buy food”, then I not only understand your point, but we probably agree.
It SEEMS to me though that many people’s main point is that “no actually overpaying for food services is the only way people can live now & to argue otherwise means you want me to spend pennies to eat the equivalent of prison food”, and if that’s you, then I’m gonna continue to call you stupid.
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@CodexClown @00001_Agent @estherzelda0514 Have to increase supply. Blue states (my party, sadly) really dropping the ball on this in particular, and people are right to be unhappy about it.
I'm just getting tired of the whining vis a vis millennials though, it clearly is not worse for Gen Z.
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@andyrobinplays @00001_Agent @estherzelda0514 I agree with that, I'm just saying as a millennial myself, it's weird seeing matchbox houses from the neighborhood I grew up in selling for almost $1 million now. I don't care who you are, that stuff isn't sustainable.
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Gen Z took our Millennial memes and made them idiotic.
Boomers yelled at Millennials for buying a $2 avocado at the grocery store once a week and putting it on toast, and we said saving $104 a year on avocados wouldn't help us save for a house. We were correct.
Everyone is telling Gen Z to stop spending $28 daily on expensive lunches and start packing them for $2, and they're claiming saving about $9.5K a year won't help them save for a house. They are not correct.
LadyoftheLake@LadyoftheLakefr
a cheap aldi sandwich isnt gonna buy them a home
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@CodexClown @00001_Agent @estherzelda0514 Homes are too expensive, yes. #1 issue in the country imo, and a result of bad policy that should be fixed.
But millennials faced the same thing.
The idea that Gen Z has it much worse is just not true. They are paid more and employment is an order of magnitude easier to find.
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@andyrobinplays @00001_Agent @estherzelda0514 The way inflation and real wages are accounted for is a joke. It grossly understates the increase/inflation of home values for even the crummiest of homes anywhere outside of the ghetto, the Rust Belt, or Deliverance country.
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@00001_Agent @estherzelda0514 Gen Z is getting paid more in real wages than milennials did.
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@estherzelda0514 Relative to what their siblings got to enjoy from the same social class, Gen Zers feel like they’re being screwed if they have to shop at Aldi. I don’t think it’s just entitlement.
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@lxeagle17 @TheArgumentMag My insurance co pays have gone up. Homeowners insurance went up. Gas prices, utilities, groceries. For ppl who pay rent, that's going up, if you can even find a place at all. Everything has gone up but wages. It's not a mystery why ppl think everything sucks.
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Today @TheArgumentMag, we tested one of the media's pet theories and find that social media doesn't explain the vibecession.
It's convenient to think people got mad about a good economy because they saw gloomy TikToks. But there's no evidence for that.
theargumentmag.com/p/we-tested-on…
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@TimCraw97139099 @BandwithNinja @todayyearsold or maybe it's just a priorities thing
if you want less violent crime, move to a blue state
less sticker crime, red state
something for everybody
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@andyrobinplays @BandwithNinja @todayyearsold curses I've been foiled again.
I need to shut up about violent crime when sticker crime is out of control.
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After installing car registration sticker, score it with a razor blade to prevent thieves from stealing it
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@TimCraw97139099 @BandwithNinja @todayyearsold ah you see but he was referring to sticker-related crime, your result only specifies violent crime and murder rates.
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@zapatas_mom @IntegralBits child haver here. am jealous of lots of travel, even if I think it's worth the trade-off (and I agree they too sound jealous)
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I am a childless person who actually really likes and tolerates children well (probably for being a teacher for so long), but all the parents in the comments and QTs sound genuinely bitter and jealous. If your life is fuller with kids, you don’t generally get mad at childless people have their own thing going on.. right ? So weird.
INTERIOR PORN@INTERIORPORN1
OMG, do you know how much of a flex this is?? 😭
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis You didn't ever explain why counting 5-5=0 is special in any way. That math looks normal to me. Reminds me of gay marriage detractors calling that a "special" right to be treated like... every other human in the country.
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@andyrobinplays @ROIdegen24 @fairplaygov @MikeNellis Uh, no, I just think gamblers offer worse than nothing to society and don't deserve special tax breaks for their entertainment that other degens don't get
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Dana White is such a MAGA stooge. He runs around every podcast talking about how he’s “not political” and how Donald Trump is “just his friend,” all while asking that same friend to help him write off more gambling losses and throwing him a UFC fight in front of the White House on his birthday.
Dustin Gouker@DustinGouker
New: UFC President Dana White has sent a letter to President Donald Trump asking him to help reverse the 90 percent limit on gambling loss deductions for US taxpayers that became law last year. The issue has been a concern for both bettors and the gambling industry itself.
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis This is confusing now. It seemed you are anti-gambling, but these replies are all pro-casino. Aren't we, the remoras on the shark, at the very least morally neutral? Hard to understand hatred for those taking money from the casino as anything other than love for the shark!
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@ROIdegen24 @andyrobinplays @fairplaygov @MikeNellis This has nothing to do with me being smarter than you and everything to do with you being an entitled parasite
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis I see, you believe that the house cannot be beaten under any circumstances.
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis Not sure why I don't "earn" my living but someone else does. Is that any job that doesn't produce something new, or just me?
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis Wouldn't your version encourage the state to "heavily" incentivize gambling as much as possible?
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@andyrobinplays @ROIdegen24 @fairplaygov @MikeNellis Again, you got $5000 of value pissing away your money at a casino, something gamblers enjoy greatly, then got $5000 of monetary utility on top of the value you get from the pleasure of shoveling money at the casino.
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis You think those answers make more sense than "zero"?
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@andyrobinplays @ROIdegen24 @fairplaygov @MikeNellis By current law, $500. Should be taxed as if $5000.
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@andyrobinplays @ROIdegen24 @fairplaygov @MikeNellis You made $5000 in money you didn't earn and spent $5000 on entertaining yourself by pissing money away.
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@captainktainer @ROIdegen24 @fairplaygov @MikeNellis If I walk into a casino today and win $5000, then I walk into a casino tomorrow and lose $5000, how much did I make? And please describe the part that would be a special tax break when doing the math there.
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@ROIdegen24 @fairplaygov @MikeNellis Taxing you fairly means not giving degenerates special tax breaks for something objectively terrible for society. We don't let Republicans write off their fent expenses.
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