Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
30 years ago huh?
1995:
Median Household Income $34,076/yr
Median House Price $114,600
2024 (only year with finalized data):
Median Household Income $83,730/yr (+145%)
Median House Price $419,300 (+265%)
Fuck yourself with a cactus stupid CEO lady
Other costs like health care, child care, and education have also exploded. Even less of that median income is disposable income.
no no, don't you see...we've changed they cpi/ppi calculations so everythings fine
Maybe stop artificially inflating the housing market by buying up investment properties that are largely left unused? What do I know though. I just live in a metro area where 30% of housing is held in Blackstone trusts.
EDIT: corrected the trust management company
Not to be that guy, but just so you don't get called a conspiracy theorist:
https://en.wikipedia.org/wiki/BlackRock_house-buying_conspiracy_theory
It's a distinction with no real difference, but someone IRL called me out on this the other day because I got Blackrock mixed up with Blackstone....
Whoops, fixed it
JFC, how many times is Gen X going to be overlooked? Just who was really entering the workforce and struggling to pay for student loans, apartments or houses in 1995? Most boomers probably bought their first house 15-20 years prior to that.
Hint: it was not the fucking boomers. FFS.
Gen X is apparently condemned to be the middle child between boomers and Gen Y/Z.
Also, and BTW, Gen X was also given that utterly useless advice about coffee, too. It's been at least 30 years of idiots saying things like that. Gag me with a spoon and as if and like totally bogus....
The company is a "luxury" real estate group, and their CEO is obviously completely divorced from reality
I wonder if she also has her own private paramilitary security team...
I never bought Starbucks coffee to begin with, but I am part of a massive number of Americans that believe this CEO (like most) makes too much money, is too disconnected from reality, and should be humbled by reality some time in their pathetic life.
If she got luigi’d I would laugh and laugh
Much like children and mines, CEOs yearn for the guillotine
Millennials still waiting to buy houses too. Get in line.
Millennial here. Maybe if I work hard and save up, someday I'll be able to afford to live in a van down by the river.
Keep on dreaming and you’ll be living it. Cut the Starbucks tho.
Psshhhhh. That's so 2010s. We're spending all of our money on avocado toast these days.
It was a stupid talking point in the 1990s, directed squarely at the Slacker Generation, AKA, Gen X.
It was later picked up and made into a book/religion:
https://www.rga-advisors.com/blog/just-stop-buying-lattes-origins-millennial-housing-myth