Some people are not cut out to get their first degree/trade etc at age 21 or even 25 for that matter. I went to engineering school with classmates/friends who were 30-40 doing round two or first time . All incredible students as they got distraction out of way. Me on other hand still very proud to squeak by with my 2.3 gpa and have a blast at same time!
I think the economy needs a recession
- Thread starter grampi
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I honestly think that’s a really important point people overlook.
For a long time, everyone just assumed housing prices could only keep going up because demand would always be there. But at some point you have to ask who the next buyer actually is.
If younger generations are struggling with affordability, delaying families, carrying more debt, and getting hit with higher rates, it becomes harder to sustain these valuations forever. Especially for second homes and vacation properties that depend more on excess wealth than necessity.
And there’s definitely a demographic angle to this. A lot of housing wealth is concentrated among older homeowners who bought at much lower prices and lower carrying costs. Over time, a lot of those homes are eventually going to re-enter the market through downsizing, inheritance, or estate sales.
I don’t know if that leads to some dramatic crash because housing markets move slowly and policymakers tend to step in whenever things weaken too much. But I do think we’re eventually heading toward a world where housing behaves less like a guaranteed appreciating asset and more like… an actual market again.
Like you said, probably more of a slow-moving shift than some overnight collapse.
Agreed - this is an odd thread, started by someone who wished his neighbors to suffer so that he could get lower prices.
I was using a literary mechanism called "sarcasm". Perhaps you have heard of it, but just in case you have not, here is a simple definition:
sarcasm
/ˈsärˌkazəm/
Sarcasm is a form of verbal irony where a speaker says the opposite of what they truly mean, specifically to mock, criticize, or express irritation. It is distinct from plain irony in that it is usually delivered with an exaggerated tone.
So, no, I thought it was evident I was not actually wishing for a depression. Just the opposite. Hope this helps!
I don’t think he is fully understanding what all a recession involves. It’s like wishing for some rain but getting a flood.
So true. When I went back after my BS, I was 1000X better student. Some people just are on different timelines.
Oldest daughter, no college degree, deciding on the $12,000/month job offer (she said yes)
Youngest with BS in Kinesiology before she was 21 decided she does not want to progress and work with patients at all. She is 100% happy being mom and being a good artist. She has sold over 20 over her works now (some over $500) and has $ commissioned for festivals and local gov.
Sarcasm is notoriously difficult to convey on the internet - it’s why prompts like (sarcasm) within or after the sentence exist.
You failed to convey that it was sarcasm, so, it was taken literally.
This wasn't a failure on the part of the reader - your condescension is misplaced.
Be more clear in how you write and people will have an easier time understanding your meaning.
OMG, you REALLY think I wanted "95% stock market crash and people jumping off of buildings in NY"???
Who on earth would take that literally???
If people cannot readily see that's sarcasm, OMG I just can't help them.
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Our deficit is tied to our dollar. The only way to remain solvent is to de-value the debt, so that in the future, when incomes adjust to the new dollar, the taxes collected will be of an increased quantity to then cover the payments of this pre-existing debt that did not Inflate with the Dollar.
A shorter way to looking at it is that inflation is what permits us to have such a debt and not default on it. And because of this, ( like it or not ) we are locked into a system dependent on inflation to stay solvent.
It's an unfare system with hidden cost of de-valuing holdings tied to our dollar, and taxing returns of investment when those returns only provided break even with inflation before being taxed.
A shorter way to looking at it is that inflation is what permits us to have such a debt and not default on it. And because of this, ( like it or not ) we are locked into a system dependent on inflation to stay solvent.
It's an unfare system with hidden cost of de-valuing holdings tied to our dollar, and taxing returns of investment when those returns only provided break even with inflation before being taxed.
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Inflation is caused by TOO MUCH GOVERNMENT SPENDING.
Some talk about going back to the GOLD STANDARD, but that is a terrible ideal, as economics change so fast, and such disparity that we would lose all are gold and be in a great depression. The very reason we left the gold standard to begin with. We would have lost all our gold and standard of living. The answer is constrained government spending.
A simple answer that is so difficult to implement.
Some talk about going back to the GOLD STANDARD, but that is a terrible ideal, as economics change so fast, and such disparity that we would lose all are gold and be in a great depression. The very reason we left the gold standard to begin with. We would have lost all our gold and standard of living. The answer is constrained government spending.
A simple answer that is so difficult to implement.
I didn't - others did.
It's your condescension in the subsequent post to which I objected.
Are you not aware of the unbelievable disparity of opinions amongst Americans at the moment? I read things that are far crazier than what you wrote from people who are as serious as a heart attack several times per day.
Literally, no one responding to your post thought it was sarcasm, but sure, all of us are the problem.
People are yes beating on people about political views. Good lordy. Some neighbor beat a guy. Wow.
I think everybody needs a vacation.
GON
$175 Site Donor 2026
Would that disparity be never had a time in the US where people don't produce for the nation, yet receive housing, food, healthcare, even smartphones, then there is today? The disparity of a percentage of Americans' producing for their nation in the 1950s, compared to the percentage of American producing for their nation today-- likely has never been wider. Jeff Bezos and the like having $300 Billion USD in assets is irrelevant. Mr. Bezos worked for it, gave it his all, took extreme risks and sacrifices.
One can live in the USA and not work a lick and live* better than 95 percent of all the people outside the USA.
The * is for when one is given everything, life really is not so good. Working, producing, earning is a key part of a satisfying life (IMHO).
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