goldfish21
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04 Sep 2023, 5:59 pm
SabbraCadabra wrote:
goldfish21 wrote:
1/2 mill houses? Not around here.. 
Here in West Michigan, $500k sounds about average right now for a decent-to-good house, in a good neighborhood, that doesn't need tens of thousands of dollars worth of repairs.
Anything selling for pre-pandemic prices usually looks like it needs to be bulldozed. Somehow, someone always manages to flip them. I can't imagine that's legal in any way.
goldfish21 wrote:
Another is a software engineer who did a bunch of work managing servers before but recently took a role with some AI company.
And another manages Facebook and Google ads for people.
And another manages Facebook and Google ads for people.
Yup, that sounds about right. Seems like the only way to make a decent amount of money in this life is to find something morally reprehensible.
Or sell drugs.
Or become a surgeon.
Or just inherit the money.
Here $500k might buy you a condo in the suburbs somewhere - certainly not a 3 bedroom, though, unless it's very old then maybe.
Typical suburban houses like the one I live in are $1.8M now.
A house that needs to be bulldozed and built can be had for maybe $1.2Mish.
People are now teaming up to buy houses to share. Otherwise the only realistic possibility for most people is for their parents to die and they inherit their real estate wealth, sell the family home, then buy whatever it is they want to live in.
It's all crazy.
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04 Sep 2023, 6:04 pm
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funeralxempire
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04 Sep 2023, 9:38 pm
04 Sep 2023, 9:41 pm
funeralxempire
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04 Sep 2023, 10:02 pm
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05 Sep 2023, 8:52 am
goldfish21
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Location: Vancouver, BC, Canada
05 Sep 2023, 12:36 pm
SabbraCadabra wrote:
funeralxempire wrote:
An average house in the area I'm in (Southern Ontario) is $1.5 million. 3x what you're describing.
Yeah, houses in the rich areas can be quite high around here too.
The problem is that neither of us live in the "rich areas." Regular houses in working class suburban neighbourhoods are $1.5 & 1.8M respectively. Some of the houses I've worked on in actual rich areas are $40-70M.
There's hardly a condo for sale in the city under $1M anymore, no townhomes. In the suburbs, yes.. but the price of the cheapest condo that's a bit of a stretch for a regular wage earner to buy is what entire houses sold for ~20 years ago. Everything just skyrocketed and now people who work jobs for a wage are all but shutout of home ownership entirely forever Unless they inherit a lot of money or something.
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for supporting trump. Because doing so is deplorable.05 Sep 2023, 1:20 pm
goldfish21
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05 Sep 2023, 2:02 pm
rse92 wrote:
MatchboxVagabond wrote:
Fnord wrote:
I could go into a long description about how even workers' labor is subject to "Supply & Demand", but the bottom line would be this: Employers are not obligated to pay more than what is required by law, especially when the labor being provided requires only that the worker be of legal age, legally entitled to work, and capable of performing the labor.
Employers are not required by law to provide more training than that which is necessary to safely and legally perform the labor.
If you are one of hundreds of workers applying for a single job, each of whom has to offer only the same capabilities as all the rest, you will be offered the same wage as all the rest. The employer will hire the first person who agrees to perform the needed labor for a specific wage. Anyone who turns down the offered wage will likely not be hired.
Simple.
You say that no one wants to work for minimum wage? Think again. There are people who will accept that wage without hesitation. As long as there are such people, minimum-wage jobs will be filled. Only if every applicant turns down the employer's offer will the employer even consider raising the wage.
Now, there are two basic ways around this dilemma:
1. If you want a higher wage, offer something more than what all the rest can offer -- certified technical skills, for example -- when all the rest have no such skills to offer. This is called "Common Sense".
2. The workers own the means of production, and share the profits equally among themselves. This is called "Socialism".
The choice is yours.
Employers are not required by law to provide more training than that which is necessary to safely and legally perform the labor.
If you are one of hundreds of workers applying for a single job, each of whom has to offer only the same capabilities as all the rest, you will be offered the same wage as all the rest. The employer will hire the first person who agrees to perform the needed labor for a specific wage. Anyone who turns down the offered wage will likely not be hired.
Simple.
You say that no one wants to work for minimum wage? Think again. There are people who will accept that wage without hesitation. As long as there are such people, minimum-wage jobs will be filled. Only if every applicant turns down the employer's offer will the employer even consider raising the wage.
Now, there are two basic ways around this dilemma:
1. If you want a higher wage, offer something more than what all the rest can offer -- certified technical skills, for example -- when all the rest have no such skills to offer. This is called "Common Sense".
2. The workers own the means of production, and share the profits equally among themselves. This is called "Socialism".
The choice is yours.
Or we could simply fix the tax code to disincentivize the hoarding of great sums of money. There's no reason why making more than $10m a year should result in further earnings being taxed at 90%. Which won't happen because of how corrupt the whole system is.
Then no one would be paid more than $10 million in earned income per year. They would be compensated in other ways (e.g., equity ownership).
And if you mean no one can incur more income (that is, earned income plus income from investments) than $10 million dollars with every dollar above that being taxed at 90%, you understand that would be the ruin of our economy as no business or person with that kind of money would invest here, plus tax receipts would go DOWN.
The tax code is neither corrupt nor illogical. It encourages investment in America.
Lol no.
The exact opposite is true.
History:
Quote:
The top 1 percent of Americans today do not face an unusually low tax burden, by historical standards. [1] The top federal income tax rate was 91 percent in 1950 and 1951, and between 1954 and 1959. In 1952 and 1953, the top federal income tax rate was 92 percent.
Back when high earnings were taxed over 90% in the USA, wealth wasn't retained by corporations and CEO's, instead it was Actually invested in growing the economy.. either by expanding companies or by paying higher wages or both. American companies boomed and were more prosperous, and so were the working class wage earners that worked at them.
And if those high earning companies didn't feel like reinvesting in their companies or people, then they'd pay higher taxes to the government so there were funds to better the lives of people via infrastructure projects and so forth. Higher marginal tax rates work and the USA has a historical record of having already done it to prove it.
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for supporting trump. Because doing so is deplorable.
05 Sep 2023, 3:08 pm
goldfish21
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Location: Vancouver, BC, Canada
05 Sep 2023, 3:27 pm
blitzkrieg wrote:
There is a balance that needs to be struck. The balance of money in the hands of a few has been disproportionate for far too long.
Businesses and corporations have been free to screw over the general population for far too long.
Businesses and corporations have been free to screw over the general population for far too long.
...which is why I'm considering investing heavily in a pitchforks & torches business. My forecast is for Very Strong demand in the not so distant future...
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