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https://www.reddit.com/r/SipsTea/comments/1x5n1tp/the_advice_didnt_age_well/pgnul5p
r/SipsTea • u/late_to_redd1t • 18h ago
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The fact that there are geographic variations in income, does not necessarily mean there can't be generational difference as well.
It was easier to make and save money in the 80s than it is today. It is easier ro make make money in the United states.
Those two arguments are not mutually exclusive.
2 u/skelectrician 17h ago It might have been easier to save back then, but it was a hell of a lot more difficult to borrow. Mortgage rates then were like credit card rates today. 1 u/idulort 17h ago https://thehill.com/homenews/nexstar_media_wire/4986882-1980s-vs-now-heres-where-its-much-harder-to-buy-a-home/ That cant be taken as the single metric to compare affordability.
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It might have been easier to save back then, but it was a hell of a lot more difficult to borrow. Mortgage rates then were like credit card rates today.
1 u/idulort 17h ago https://thehill.com/homenews/nexstar_media_wire/4986882-1980s-vs-now-heres-where-its-much-harder-to-buy-a-home/ That cant be taken as the single metric to compare affordability.
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https://thehill.com/homenews/nexstar_media_wire/4986882-1980s-vs-now-heres-where-its-much-harder-to-buy-a-home/
That cant be taken as the single metric to compare affordability.
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u/idulort 18h ago
The fact that there are geographic variations in income, does not necessarily mean there can't be generational difference as well.
It was easier to make and save money in the 80s than it is today. It is easier ro make make money in the United states.
Those two arguments are not mutually exclusive.