I paid 2k for my 50" Plasma, a Blu-Ray player, and some speakers on holiday sale at Best Buy a LONG time ago. I can buy a 70" led TV now for like 6-7 hundred. Tech got cheaper, houses got more expensive.
I feel like the price of luxuries has gone way down, relatively speaking, but the price of necessities has increased exponentially. Super Nintendo games were like $50 in the 90s and switch. Nintendo games are still about that much.
in order to buy a house you need 20% down payment cash; that is $100,000, that is one hundred big fancy televisions. skipping "one big fancy TV" leaves you $99,000 short on your down payment
I know homes are hard to buy. My daughter is not far from her red seal in heavy duty mechanics. A newly minted RS salary starts at 180,000 in the Northern mines. STARTS. We saw a 4 bedroom, 3 bath, 3400sf home on an acre listed for 199,000. That is in a northern community but she will be a homeowner in 10 (ish) short years. (14 on 14 off, she wants to travel too?
A cell phone is not a luxury, it is a necessary staple to function in society. They come in Cheap. Not having one is like not having shoes. PLEASE stop using them as an excuse to decide poor people deserve to suffer.
They also use "having a microwave" as a measure of a good standard of living like you can't get one free from like... anywhere. Never in my life have I *purchased* a microwave. The one I have now, which is amazing, was given to us for helping someone move because they had a built in at the new place.
Shit, I have a fully furnished apartment and the only furniture in it that wasn't gifted to get rid of it or a trashpick are the $35 big lots bookshelves that are starting to fall apart.
Even "big-ticket" items like gaming consoles are one-off expenses that can be gifts or remnants from times of plenty past, but if you have one it's evidence you're a liar doing fine. We should be huddling in barren shacks, dressed in rags as the icy wind howling through the shattered window freezes the tears to our faces. Why aren't we ever allowed respite? Such vicious hatred. They have to punish the poor, because if it's not our fault, it could happen to anyone. It could happen to *them*.
to say nothing of the cost of just shipping the fucking things. My dad had a 42 inch crt when i was a kid. It was about as heavy as a neutron star. The closest i've ever come to death was moving that fucking thing up a flight of stairs.
And if you want to get a better job, just put on a suit, go in there to the mill/factory/office and shake the president of the companies hand. A good firm grip, so he knows you mean business, and he'll show you to your new job, introduce you around and hand you your first paycheck so you can buy a house on the way home that afternoon.
Really wonder how you children will react to an actual weak economy. Never seen a recession or period of high unemployment. Never experienced falling real wages. The people who graduated into the teeth of the Great Recession must think you’re the whiniest bunch of losers the world has ever seen.
Why would you care for a stupid fuck's opinion. Most we can do is shun the stupidity on the spot in hopes they someday get the message that they must smart up or shut the fuck up.
Are people really under the impression that TV's cost the $30-50k that it would cost for a down-payment under the most generous circumstances for the cheapest starter home on the market, and with the best credit rating?
No, because no one is actually saying what in the quotes. It's ragebait. My mom is fully aware that my son is going to have to wait for someone to die before he can get a house.
No. TVs in their day cost a much higher proportion of their wage and were luxuries, and houses cost a lot less than now so luxuries like TVs and other appliances were the equivalent of a much higher proportion of housing costs.
The proportional price of electronics has come down, the proportional price of housing has skyrocketed, but the out of touch people under the impression in the post are ignorant of how much housing costs have increased, they only see that luxuries have become cheaper.
I went to this guy that bough this house for $4500 about 50 years ago. He paid for with the salary he made as a freshly graduated BA in English, in about 18 months.
He was old, and selling the house for a cool million.
My parents bought a nice 2600sf house in a Dallas suburb in 1973 for $43000, and paid it off in 30 years. What location is the house you're talking about? Is it a shack?
50 years ago, gas cost 18c per gallon, too. His wages were comparative. College degrees also meant more then than they do now. The degree cost less and earned more.
My dad was a good guy, he did his best but he couldn't quite grasp that he was able to get a mortgage for a small but decent flat with his entry level salary and no qualifications, but at the same time the first tv he bought took months of saving while the one I bought cost £110 off amazon. He "knew" it but he couldn't understand it in his bones. The world he grew up in no longer existed and the rules he thought we all should follow were long broken and that is just hard to grasp.
My youngest is the only kid in the family that watches TV regularly. The older kids are on their phones and couldn't care less about TV. The world has changed.
And I always remember that. If it's so hard to grasp- not just to read or to know but to actually integrate into your world, to replace everything you thought was true- that even a good guy who's smart and worldly and who's doing his absolute best to understand what we face struggles with it, no wonder absolute unthinking know-nothing bozos have no chance. It's not just that they're unthinking, it's that it's hard. It'll happen to us too, if we're not very careful. Maybe even if we are.
It's also that they don't really have any reliable or trustworthy sources they can turn to to help, because there's far too many disengenuous sorts, let alone the outright propaganda or grifters.
That being said, it served for 20-odd years, whereas we just this week had to go get a new TV because the one that was not even 5 years old had a bad panel and wasn't worth repairing.
Well, it's to use the public channels like all the BBC channels and whatnot. The UK TV tax is outdated and is only kept because the ancient fossils in Parliament don't understand that technology has moved on since the 1960s. Joke's on them if I ever move there, I use my TV mostly as a 2nd computer monitor anyway.
yes there was. houses used to cost 3-5 years wages for the longest time until suddenly they didn't. Now they start at 10 for the bottom of the barrel, and you fork over 1/3 of your wage for 30 years to pay for it. If you want anything nicer, you better have a really well paying job, or (multiple) partners.
Average yearly income in the US in 1960: around 5k Average price of a home in the US in 1960: under 10k Average yearly income in the US in 2024: 65k Average price of a home in the US in 2024: just over 400k
The home itself was far different, as was the social system. In the 1960s, single earner per household was typical. Houses were far smaller, roughly 1500 sq ft average, and cost less.
The greatest success of capitalism is convincing people that it's not an inherently self-destructive economic system that, left to its own devices, will cannibalize itself to death.
let's see, three big -screen TVs, (used).... you would be very lucky to get $800 for them all together... I guess... let me see here... the boomer argument is totally full of shit!!!
Ideally for some retired widowed empty-nesting boomer's house, sitting alone on three or four bedrooms and a two-car garage with a yard. Move to a senior apartment already, Gertrude!
what the fuck do I want a tv that big for? jesus, I had a 58 inch and i felt I had to turn my head to see the ui in games i was playing. I'd rather get something smaller and higher quality for that money.
To be fair that's like 8% of what my Boomer parents' mortgage principal was. If they think we're spending 8% of a house on tech gadgets every year they obviously have no clue what a house costs these days.
That's exactly the problem. They only see how much luxuries have come down in price, and don't know that the price of necessities like housing have skyrocketed.
A down payment on a house in my area is around 1 year's salary (30k, i work retail) After paying bill's I have roughly $150 left I can save so...twenty years of savings gets me a DOWN PAYMENT ON A HOUSE. And hey, sure I should find a better job, but all the same, it's basically impossible below a certain threshold the way rent is these days. Rent used to be around 40% of my income, now it's the better part of 85%, and cheaper options don't exist here. I'm in a tiny rundown studio as is.
next time my lease is up i'll look for roomates, but given my rent jumped 10 goddamn percent this year and my pay jumped less than 1%, even that will be a nightmare in a couple years.
It is harder to find data on median mortgage payment vs median household income in the US than I expected (mean is top weighted for a single-sided distribution). AU has good data. Anyway, mortgage rates went down for a few decades so people got used to bigger properties. Now that interest rates have doubled post covid, the market has yet to respond with ½ size houses. 2× interest rate = ½ house value; apr up, property value down; population up, property up.
Woe were those who bought fixed in the 1980s! If you think it is bad now, holy shit... compared to the 1980s, buying now is like the free TV comparison. Today, at 6.874%, 30 year you'll pay $1.36 for every $1. At nov '20's 2.72% you pay $0.46 for every $1. Sept '81's 18.22%? Back in the bad old days you'd pay $4.49 for every $1. Amazing how much better things are now plus income has consistently outpaced inflation. Econowoe psyop gonna get real under Trump tho.
Except that while interests rates are much lower, the principle is much, much higher. A house of similar size and value that went for 100k in the 1980s might go for a million or more today, depending on where you're looking. Income has outpaced inflation, but housing prices have wildly outpaced income in a lot of markets.
In most urban markets, that's my understanding too. FRED has only recently tracked median housing costs per square foot and... yow, this graph not CPI corrected or wage normalized, but neither are 2×/decade.
Long term, the real cost per sq ft per occupant is more or less flat all the way back to the 40s, despite meeting ever more stringent fire, safety, plumbing, and energy efficiency codes. OTOH, modern houses are often pretty crappy materials and fall apart.
Isn't that exactly what wrecked the Chinese economy? Something about real estate being the number one investment, but no one actually buys because the property is crap and only good as a number on a balance sheet.
The Chinese market is different, people pay for it ahead of time with loans then the companies build the apartments. Evergrande is collapsing because they ran out of money building the apartment complexes so they have people who have already paid, who now don't have homes and Evergrande doesn't have the money to build them.
basically, but the problem is, who gets it? i have two brothers and two step brothers, we aren't giving a half a million dollar house to a single person, so it'll likely be sold, and...we all still won't have a house (though i guess it'll pay for a down payment on a house...when my mom dies when i'm in my late sixties...
Watching TV is way cheaper than leaving the house for entertainment. Should I give it up and watch grass grow so I can be properly poor? No pleasure, just work?
Image good money working for the state and have been saving for 6 years. I have enough for a downpayment on a run down, fixer upper in the shitty part of my area if I use every penny I have to my name.
I work for the state. They even have the audacity to call me a mechanical engineer. No way in hell I could afford the house that my dad bought when he was my age.
My friend, I'm sorry to inform you about property taxes and insurance. Basically figure out the maximum you can afford, then add 30-40%. No counting repairs or renovation.
There has GOT to be a way to play the system on that: you don't OWN the property until it's PAID OFF, at BEST you're renting it from the bank for 30-50 years. Otherwise, they wouldn't be able to take it away for missed payments and kick you off the property.
That's .. not accurate. You own the house and the bank has a lien on it. Basically, you put the house as your collateral for a loan, saying if I don't pay back the money this house is my forfeit. But that deed is in your name, and any value the house accrues over time is yours when you sell it. If you rent, you never accrue that value.
Legally accurate? No. But factually accurate- yeah. If someone can come in and kick you out of your house for non-payment? That's. not. ownership! When you OWN something, it's not up to someone else if you can use it. Someone else doesn't say "oh yes, it was lovely having you, now get out." No one else has power over the property if you OWN it. No amount of lawyer speak makes the spirit of the law any less bullshit. Bank owns it, I say let them pay for it.
That is what Mortgages handle. They usually combine the taxes for the house into your monthly payments. There is no way for you NOT to get a mortgage on a house unless you are outright buying the house.
And Good Wages have gone from being standard to one of those myths old people make up to confuse the young folk. "Sure Dad. Sure you had good wages. Just like the soda fountains were actual fountains that pumped soda, and schools weren't just spicy gun ranges. You think I'm stupid or something?"
The national average is $15,080 per year if you're working 40 hours per week at a minimum wage job. It boggles my mind how they expect people to live on that and then have the audacity to shame THEM for not working hard enough.
Obviously minimum wage should be retroactively CPI corrected and indexed going forward. Fortunately, despite the persistent econowoe psyop, wages have consistently outpaced inflation since 1994 (ozZ, AHETPI/CPIAUCSL).
Fun part: the GRU and Nucleus et al pushed innumerate econwoe in 2024 to exploit Economic Voting, enervating Biden/Harris voters and (more than Gaza psyop) putting Trump in office. Now the GRU is pushing the same psyop to destabilize the US.
It makes me fucking furious: Every single fucking time I’ve tried to buy, it’s coincided with a massive spike in prices, and I always get outbid by flippers and investors.
I think owning more than one residential home needs to be taxed on a progressive scale of extreme prejudice. 2% for your first home, 25% for your second and doubling for each one after that.
true in sweden there is sort of a legal status (summer house usually does not have sewedge, water and no heating or as this is Sweden no Thermal insulation meaning in wintertime not going to be a fun time to live in... if at all possible.... so in sweden we have a legal (not sure if its still active) status for a summer house.
I used to work at a sorta fancy university. End of school year / spring semester meant dumpsters in parking lots outside of forns to be filled with all sorts of student belongings that were too bothersome to take home. Staff, especially security and cleaning staff who were first on campus 9n any given day, would borrow pickup trucks so they could take home various furniture and TVs in particular.
I still have a TV my parents gave me after upgrading like 15 years ago. It was my only TV for about 10 of those years. TBH, it still works fine and it’s better for my old N64 games than more modern TVs.
I worked in student accommodation with a lot of foreign students, I used to go round collecting all the loose change they left, would make a few hundred £ each year.
For each room it was only between 5p and a couple of quid, not worth an individual tenant messing around exchanging, but if you go round 1000 rooms it soon builds up, considering I was on £5.50 an hour at that point it was well worth my time.
College moveout day would pay my rent for at least that month and sometimes the month after depending what we found. My ex and I used to cruise around the nice parts of town on trash night collecting various electronics. Especially in the really rich neighbourhoods it usually was either old and worked fine, or newer and needed a cheap/simple fix and would then work fine. Then we resold it it the hood we lived in, usually got cash but sometimes other stuff to fence. Ah, the days of broke.
Typically just a broken wire on the output jack, but you have to remember that no one is tossing a classic Fender. These are no-name cheapies that have often been thrashed a bit. I partly used them to practice repair stuff - fret leveling, neck straightening, troubleshooting electrics, and general setup. I would give them away or sell them cheap to beginners.
Guitar electronics are extremely simple but cheap or lazy wiring and parts can cause issues that most ppl think are fatal to a guitar. Often they are fixed in mins, with easily replaced parts or even tightening of nuts.
If I were the king, I'd mandate spade connectors for pickups AND universal wiring color scheme. I do love solderless woring kits. I have one for JP wiring, blender for my strat and a 4 way for my tele.
Did a salvage job on a house a couple years ago and it had one of the first gen 70" flat screens, so old it had a *fluorescent backlight*. I wish I could remember the model, but I looked it up and it was worth $20k in ~2009 lol. We ended up recycling it because we could not sell it or even give it away for free.
15 year old 42" plasma. Has a chromecast plugged into an hdmi and gets turned on half a dozen times a year. Like me, but I'm now much older than 15 years
Joke's on them, since new my TV has been 'tuned' to HDMI 1 where my PC handles all the entertainment and uploads my data directly to Microsoft, Amazon, Google et al, as God intended.
It would not surprise me in the slightest if your TV is taking screenshots at regular intervals of whatever you’re watching and transmitting that to some database where AI interprets it and figures out the best ad to send to your devices.
I've never bought one. Every TV I've owned has been given to me. Sometimes, I'll have a TV and not be able to remember where it came from. Like there's some kind of TV fairy dropping them off while I'm asleep.
There's an advertisement floating around from a Sears ad in 1969. A 23" color TV would run you $377 - that's $3200 in today's money, and this was a cheap one.
That would have been an unimaginable luxury in 1969. When I was born (in 1969), my parents had a 13" B&W model that we used until 1982, when we got a 21" color unit.
In 1990 I worked for Rumbelows (A UK electrical retailer) A standard 21 inch CRT TV was £400, except Sony was £430 and a Samsung, a new cheap brand no one had heard of, was £270. Today you can get a decent brand 65 inch TV for under £400. And that's not taking inflation into account either.
In 2007 or 08 i worked at Wal-Mart in high-school and used my bonus 10% employee discount to buy a 32 inch flatscreen for $1000.00. It was an amazing deal at the time. Now days i wouldn't pay money for a screen that small.
32" or 42"? I remember buying my parents (with their money) a 42" tv for $1200 in 2007. It was a JVC. Brands like Sony and Samsung were like $1400-1500.
They don’t even let you see the toppings anyone in the subway near me. You have to order blind. You used to be able to see the toppings so you knew they were fresh.
Rulweylan
In 1980 in the UK, you could get a decent TV for about £200 and the average house for £20k. Now a TV is about £300 and a house is a little over £366k
kilgoth1
Can't you just... NOT hook your tv up to the internet?
Omnimorph2112
Almost like those wrinkly old fucks shouldn't be dictating policy
LunarSol357
If you drive through a trailer park you will see through the window of nearly every one of them a third the size of the thing playing Fox News
JohnBluehill
.... between my long distance partner and I we own seven TVs, so this checks out
DoktorLurker
I paid 2k for my 50" Plasma, a Blu-Ray player, and some speakers on holiday sale at Best Buy a LONG time ago. I can buy a 70" led TV now for like 6-7 hundred. Tech got cheaper, houses got more expensive.
bubblestarmetallica
I feel like the price of luxuries has gone way down, relatively speaking, but the price of necessities has increased exponentially. Super Nintendo games were like $50 in the 90s and switch. Nintendo games are still about that much.
xmaneds
a "big TV" costs two-week's rent; i.e. with the cost of one month's rent you could buy TWO big "fancy" televisions
xmaneds
in order to buy a house you need 20% down payment cash; that is $100,000, that is one hundred big fancy televisions. skipping "one big fancy TV" leaves you $99,000 short on your down payment
BlueDsc
Ah yes, how silly of me to buy a couple thousand TVs instead of a house.
LucilleWhoKnowsNot
I know homes are hard to buy. My daughter is not far from her red seal in heavy duty mechanics. A newly minted RS salary starts at 180,000 in the Northern mines. STARTS. We saw a 4 bedroom, 3 bath, 3400sf home on an acre listed for 199,000. That is in a northern community but she will be a homeowner in 10 (ish) short years. (14 on 14 off, she wants to travel too?
syko2k
Older generations lack the ability to comprehend quite literally anything.
catsnroombas
A cell phone is not a luxury, it is a necessary staple to function in society. They come in Cheap. Not having one is like not having shoes. PLEASE stop using them as an excuse to decide poor people deserve to suffer.
iguessihaveto
They also use "having a microwave" as a measure of a good standard of living like you can't get one free from like... anywhere. Never in my life have I *purchased* a microwave. The one I have now, which is amazing, was given to us for helping someone move because they had a built in at the new place.
Shit, I have a fully furnished apartment and the only furniture in it that wasn't gifted to get rid of it or a trashpick are the $35 big lots bookshelves that are starting to fall apart.
catsnroombas
Even "big-ticket" items like gaming consoles are one-off expenses that can be gifts or remnants from times of plenty past, but if you have one it's evidence you're a liar doing fine. We should be huddling in barren shacks, dressed in rags as the icy wind howling through the shattered window freezes the tears to our faces. Why aren't we ever allowed respite? Such vicious hatred. They have to punish the poor, because if it's not our fault, it could happen to anyone. It could happen to *them*.
TheOvy
TVs are substantially cheaper today -- in part because production is cheaper, but also because smart TVs log all your info and sell it.
EaNasirsExcellentHighGradeCopper
also cause TVs no longer require several tons of glass and lead per tube. Which is the bigger reason.
whereismymind86
to say nothing of the cost of just shipping the fucking things. My dad had a 42 inch crt when i was a kid. It was about as heavy as a neutron star. The closest i've ever come to death was moving that fucking thing up a flight of stairs.
RoombaTheAssaultVacuum
A big fancy TV costs me 150 bucks off the slef. A house costs me six people's lifetime savings.
CaptainSkyhawk
And if you want to get a better job, just put on a suit, go in there to the mill/factory/office and shake the president of the companies hand. A good firm grip, so he knows you mean business, and he'll show you to your new job, introduce you around and hand you your first paycheck so you can buy a house on the way home that afternoon.
mardukkur
The job market for job seekers has never been better in anyone’s lifetime than over the last 3-4 years.
mardukkur
Really wonder how you children will react to an actual weak economy. Never seen a recession or period of high unemployment. Never experienced falling real wages. The people who graduated into the teeth of the Great Recession must think you’re the whiniest bunch of losers the world has ever seen.
Carlillo
CrazyGingerAle
people will jist leave big ass tvs on the curb that work perfectly for free all because they got a bigger one
khopesh87
Are people really under the impression that TV's cost the $30-50k that it would cost for a down-payment under the most generous circumstances for the cheapest starter home on the market, and with the best credit rating?
Snooj
No, because no one is actually saying what in the quotes. It's ragebait. My mom is fully aware that my son is going to have to wait for someone to die before he can get a house.
RunawaySpoons
No. TVs in their day cost a much higher proportion of their wage and were luxuries, and houses cost a lot less than now so luxuries like TVs and other appliances were the equivalent of a much higher proportion of housing costs.
The proportional price of electronics has come down, the proportional price of housing has skyrocketed, but the out of touch people under the impression in the post are ignorant of how much housing costs have increased, they only see that luxuries have become cheaper.
whereismymind86
i mean...they think we spend thousands of dollars on avacados and white bread each month, so yeah...probably.
MusicPenguin
I went to this guy that bough this house for $4500 about 50 years ago. He paid for with the salary he made as a freshly graduated BA in English, in about 18 months.
He was old, and selling the house for a cool million.
trigonman3
My parents bought a nice 2600sf house in a Dallas suburb in 1973 for $43000, and paid it off in 30 years. What location is the house you're talking about? Is it a shack?
1525CatDaddyO
50 years ago, gas cost 18c per gallon, too. His wages were comparative. College degrees also meant more then than they do now. The degree cost less and earned more.
Northwindlowlander
My dad was a good guy, he did his best but he couldn't quite grasp that he was able to get a mortgage for a small but decent flat with his entry level salary and no qualifications, but at the same time the first tv he bought took months of saving while the one I bought cost £110 off amazon. He "knew" it but he couldn't understand it in his bones. The world he grew up in no longer existed and the rules he thought we all should follow were long broken and that is just hard to grasp.
newsguycraigevans
My youngest is the only kid in the family that watches TV regularly. The older kids are on their phones and couldn't care less about TV. The world has changed.
Northwindlowlander
And I always remember that. If it's so hard to grasp- not just to read or to know but to actually integrate into your world, to replace everything you thought was true- that even a good guy who's smart and worldly and who's doing his absolute best to understand what we face struggles with it, no wonder absolute unthinking know-nothing bozos have no chance. It's not just that they're unthinking, it's that it's hard. It'll happen to us too, if we're not very careful. Maybe even if we are.
varesya
It's also that they don't really have any reliable or trustworthy sources they can turn to to help, because there's far too many disengenuous sorts, let alone the outright propaganda or grifters.
EaNasirsExcellentHighGradeCopper
I remember, as a kid, My grandparents bought a new TV. It costs *thousands*, and hundreds more in freight shipping. a big freight truck came
EaNasirsExcellentHighGradeCopper
to their house. 3 men manhandled the pallet onto the lift gate, and lowered it down, where they picked it up with a pallet jack and
EaNasirsExcellentHighGradeCopper
brought it as close as they could to the house, where they tore the box off it, and all 3 men hefted it up, and carried it the rest of the
EaNasirsExcellentHighGradeCopper
way into the house, where they proceeded to make all the connections and set it up where they wanted. Now I can go to Wal-Mart, and get a
EaNasirsExcellentHighGradeCopper
TV 4x the size of that TV, for like 250 bucks, and throw it in the back seat of my car.
EaNasirsExcellentHighGradeCopper
These old fucks so disconnected that think a TV is a high end luxury item are the biggest problem for progress.
benjamindco24
Older guy here. I didn't have to do without new tv, consoles,motorcycles to afford a house. Why should the kids have to now?
IDontCareAtAllButIShould
I paid more in taxes on my first wide-screen TV than one that's 10 inches bigger costs now.
vegivamp
My first 42-incher cost me a couple thousand back in 2003 or so. They're what, 150 or so now?
vegivamp
That being said, it served for 20-odd years, whereas we just this week had to go get a new TV because the one that was not even 5 years old had a bad panel and wasn't worth repairing.
I hate cheap crap designed to throw out.
languex
People in the UK still pay a TV tax if they have one. Hiding your TV is a national sport right after football (soccer for us Yanks)
MoxieMiscellany
Well, it's to use the public channels like all the BBC channels and whatnot. The UK TV tax is outdated and is only kept because the ancient fossils in Parliament don't understand that technology has moved on since the 1960s.
Joke's on them if I ever move there, I use my TV mostly as a 2nd computer monitor anyway.
teberoth
Meanwhile houses have gone from something that costs three year's wages to something that costs four room mates, a 30 year mortgage, and a second job.
1525CatDaddyO
There has never been a time when houses cost 3 year's wages unless you were in the top 1%.
alexburgers
yes there was. houses used to cost 3-5 years wages for the longest time until suddenly they didn't. Now they start at 10 for the bottom of the barrel, and you fork over 1/3 of your wage for 30 years to pay for it. If you want anything nicer, you better have a really well paying job, or (multiple) partners.
1525CatDaddyO
Source or it didn't happen.
teberoth
https://globalnews.ca/news/7740756/home-prices-compared-to-income-across-canada/
1525CatDaddyO
Sorry, Canada I see is cheaper than the US. I stand corrected. :)
MoxieMiscellany
Average yearly income in the US in 1960: around 5k
Average price of a home in the US in 1960: under 10k
Average yearly income in the US in 2024: 65k
Average price of a home in the US in 2024: just over 400k
1525CatDaddyO
The home itself was far different, as was the social system. In the 1960s, single earner per household was typical. Houses were far smaller, roughly 1500 sq ft average, and cost less.
eromitlab
The same people also present TVs being so cheap as the greatest success of capitalism.
nemesisx00
The greatest success of capitalism is convincing people that it's not an inherently self-destructive economic system that, left to its own devices, will cannibalize itself to death.
downrightmike
Well, that's because they track you and send the data back to the TV mfg so they can sell it to make up the difference
porphyre1e00
Doublethink is a key feature of fascism
J3lek
I'd be happy to trade all my big TVs to a boomer for a house. Any takers?
korndogg83
Sure, not a boomer so don’t own a house but I also don’t have a TV!
xmaneds
let's see, three big -screen TVs, (used).... you would be very lucky to get $800 for them all together... I guess... let me see here... the boomer argument is totally full of shit!!!
GpaSags
Ideally for some retired widowed empty-nesting boomer's house, sitting alone on three or four bedrooms and a two-car garage with a yard. Move to a senior apartment already, Gertrude!
criggie
You know - with (counts) 6 big screen TVs you can make your own house !
b4n5r1j9
Look at Mr. Entitlement over here who thinks he needs a floor instead of the God-given earth!
criggie
Two for the roof, so it has a slope and the rain can roll off.
Wasn't planning on a flat roof cos someone else might build on top.
b4n5r1j9
Ah, okay, I get it, you're too good for *neighbors*.
Nexus297
This was at Walmart recently. 98 fucking inches for $1398
friendsofsandwiches
Didn't Kevin Smith get a 100" stadium monitor for free, some 15+ years ago?
seir
https://www.youtube.com/watch?v=ep-zuy_mR6s
ballsoutflyer
Holy shit. I remember when a tv like that was $4500+
whereismymind86
the most i ever paid was $2000 for a 52 inch projection tv when target clearanced them out for lcd's when they first hit the market.
mormacil
What am I doing with 98 inches. Bigger isn't always better.
MoxieMiscellany
There's a bad sex joke here somewhere.
michiyl
Putting off proper glasses for another year?
xmaneds
4K, too
Horus175
Bruh, at that point just get a projector.
zertmaster
Better image quality too.
Horus175
Also, if you don't have a huge blank wall you can project onto you can get a screen that rolls up out of the way when you're not using it.
whereismymind86
what the fuck do I want a tv that big for? jesus, I had a 58 inch and i felt I had to turn my head to see the ui in games i was playing. I'd rather get something smaller and higher quality for that money.
J3lek
To be fair that's like 8% of what my Boomer parents' mortgage principal was. If they think we're spending 8% of a house on tech gadgets every year they obviously have no clue what a house costs these days.
InHarmsWay
Or they hear the pricing of apple products and think everything costs it.
J3lek
They think everyone is buying a $1500 phone every 2-4 years. Mine costs between $300 and $700.
RunawaySpoons
That's exactly the problem. They only see how much luxuries have come down in price, and don't know that the price of necessities like housing have skyrocketed.
JayDeeDubs
And houses have gone from a few years' salary to a lifetime or more of good wages
StevenFarmer
Good wages that most people aren't getting.
whereismymind86
A down payment on a house in my area is around 1 year's salary (30k, i work retail) After paying bill's I have roughly $150 left I can save so...twenty years of savings gets me a DOWN PAYMENT ON A HOUSE. And hey, sure I should find a better job, but all the same, it's basically impossible below a certain threshold the way rent is these days. Rent used to be around 40% of my income, now it's the better part of 85%, and cheaper options don't exist here. I'm in a tiny rundown studio as is.
whereismymind86
next time my lease is up i'll look for roomates, but given my rent jumped 10 goddamn percent this year and my pay jumped less than 1%, even that will be a nightmare in a couple years.
gesel
It is harder to find data on median mortgage payment vs median household income in the US than I expected (mean is top weighted for a single-sided distribution). AU has good data. Anyway, mortgage rates went down for a few decades so people got used to bigger properties. Now that interest rates have doubled post covid, the market has yet to respond with ½ size houses. 2× interest rate = ½ house value; apr up, property value down; population up, property up.
gesel
Woe were those who bought fixed in the 1980s! If you think it is bad now, holy shit... compared to the 1980s, buying now is like the free TV comparison. Today, at 6.874%, 30 year you'll pay $1.36 for every $1. At nov '20's 2.72% you pay $0.46 for every $1. Sept '81's 18.22%? Back in the bad old days you'd pay $4.49 for every $1. Amazing how much better things are now plus income has consistently outpaced inflation. Econowoe psyop gonna get real under Trump tho.
JayDeeDubs
Except that while interests rates are much lower, the principle is much, much higher. A house of similar size and value that went for 100k in the 1980s might go for a million or more today, depending on where you're looking. Income has outpaced inflation, but housing prices have wildly outpaced income in a lot of markets.
gesel
In most urban markets, that's my understanding too. FRED has only recently tracked median housing costs per square foot and... yow, this graph not CPI corrected or wage normalized, but neither are 2×/decade.

Long term, the real cost per sq ft per occupant is more or less flat all the way back to the 40s, despite meeting ever more stringent fire, safety, plumbing, and energy efficiency codes. OTOH, modern houses are often pretty crappy materials and fall apart.
baals
Houses have become disposable. Cheaper and cheaper materials built with lowest labor cost possible, then bought and sold like it's a commodity.
Illumian85
Isn't that exactly what wrecked the Chinese economy? Something about real estate being the number one investment, but no one actually buys because the property is crap and only good as a number on a balance sheet.
dohcohv
The Chinese market is different, people pay for it ahead of time with loans then the companies build the apartments. Evergrande is collapsing because they ran out of money building the apartment complexes so they have people who have already paid, who now don't have homes and Evergrande doesn't have the money to build them.
IhopeUgetwhatUvoted4
Houses are more of an inheritance thing now.
whereismymind86
basically, but the problem is, who gets it? i have two brothers and two step brothers, we aren't giving a half a million dollar house to a single person, so it'll likely be sold, and...we all still won't have a house (though i guess it'll pay for a down payment on a house...when my mom dies when i'm in my late sixties...
drunkbs
It's a dystopian capitalistic lottery system.
Godawful8888
Watching TV is way cheaper than leaving the house for entertainment. Should I give it up and watch grass grow so I can be properly poor? No pleasure, just work?
dudeloveall
Image good money working for the state and have been saving for 6 years. I have enough for a downpayment on a run down, fixer upper in the shitty part of my area if I use every penny I have to my name.
OhIfIMust
frEe MarKeT ECoNOmiCs!1!
MightyZephyr
I work for the state. They even have the audacity to call me a mechanical engineer. No way in hell I could afford the house that my dad bought when he was my age.
WhiskyBravo
My friend, I'm sorry to inform you about property taxes and insurance. Basically figure out the maximum you can afford, then add 30-40%. No counting repairs or renovation.
Catheren
There has GOT to be a way to play the system on that: you don't OWN the property until it's PAID OFF, at BEST you're renting it from the bank for 30-50 years. Otherwise, they wouldn't be able to take it away for missed payments and kick you off the property.
TinyBadger101
That's .. not accurate. You own the house and the bank has a lien on it. Basically, you put the house as your collateral for a loan, saying if I don't pay back the money this house is my forfeit. But that deed is in your name, and any value the house accrues over time is yours when you sell it. If you rent, you never accrue that value.
Catheren
Legally accurate? No. But factually accurate- yeah. If someone can come in and kick you out of your house for non-payment? That's. not. ownership! When you OWN something, it's not up to someone else if you can use it. Someone else doesn't say "oh yes, it was lovely having you, now get out." No one else has power over the property if you OWN it. No amount of lawyer speak makes the spirit of the law any less bullshit. Bank owns it, I say let them pay for it.
Dogman1227
That is what Mortgages handle. They usually combine the taxes for the house into your monthly payments. There is no way for you NOT to get a mortgage on a house unless you are outright buying the house.
AlmightyElephant
And Good Wages have gone from being standard to one of those myths old people make up to confuse the young folk.
"Sure Dad. Sure you had good wages. Just like the soda fountains were actual fountains that pumped soda, and schools weren't just spicy gun ranges. You think I'm stupid or something?"
drunkbs
The national average is $15,080 per year if you're working 40 hours per week at a minimum wage job. It boggles my mind how they expect people to live on that and then have the audacity to shame THEM for not working hard enough.
gesel
Obviously minimum wage should be retroactively CPI corrected and indexed going forward. Fortunately, despite the persistent econowoe psyop, wages have consistently outpaced inflation since 1994 (ozZ, AHETPI/CPIAUCSL).

Fun part: the GRU and Nucleus et al pushed innumerate econwoe in 2024 to exploit Economic Voting, enervating Biden/Harris voters and (more than Gaza psyop) putting Trump in office. Now the GRU is pushing the same psyop to destabilize the US.
MoxieMiscellany
Don't forget that the minimum livable wage is over 50k now.
OhIfIMust
It makes me fucking furious: Every single fucking time I’ve tried to buy, it’s coincided with a massive spike in prices, and I always get outbid by flippers and investors.
fireclanninja1337
I think owning more than one residential home needs to be taxed on a progressive scale of extreme prejudice. 2% for your first home, 25% for your second and doubling for each one after that.
ZackWester
exemption is the first summer house (summer house is home that is not suited for 24/7/365 days a year).
pandemicmodedad
Anything can be a summer home. Those areas could use people there all year around and instead of just the summer months.
ZackWester
true in sweden there is sort of a legal status (summer house usually does not have sewedge, water and no heating or as this is Sweden no Thermal insulation meaning in wintertime not going to be a fun time to live in... if at all possible.... so in sweden we have a legal (not sure if its still active) status for a summer house.
EatPieLander
I used to work at a sorta fancy university. End of school year / spring semester meant dumpsters in parking lots outside of forns to be filled with all sorts of student belongings that were too bothersome to take home. Staff, especially security and cleaning staff who were first on campus 9n any given day, would borrow pickup trucks so they could take home various furniture and TVs in particular.
mohavewolfpup
Betcha some shit heel administrator runs a side company now and fires anyone who has so much glances at the dumpsters
bigboneded
UC Davis checking in. "Turnover" we get all kinds of cool shit.
HMKwrites
I still have a TV my parents gave me after upgrading like 15 years ago. It was my only TV for about 10 of those years. TBH, it still works fine and it’s better for my old N64 games than more modern TVs.
dombot1
I worked in student accommodation with a lot of foreign students, I used to go round collecting all the loose change they left, would make a few hundred £ each year.
EatPieLander
Yeah, being in a foreign country makes all those jingling bits SEEM rather worthless.
dombot1
For each room it was only between 5p and a couple of quid, not worth an individual tenant messing around exchanging, but if you go round 1000 rooms it soon builds up, considering I was on £5.50 an hour at that point it was well worth my time.
wickerandcork
At the end of my freshman year at college someone threw a tv out of their 10th story window. Nobody was injured luckily.
xmaneds
<< cycle of life. gif>> # LionKing
pfshfine
In Eugene (huge university in town), we call it hippie Christmas
controlsthepresent
Can confirm, the fenced area around my dumpster turned into a gold mine
JahSureYouBetcha
Same in Madison, WI.
IHaveGreatKittenRecipes
College moveout day would pay my rent for at least that month and sometimes the month after depending what we found. My ex and I used to cruise around the nice parts of town on trash night collecting various electronics. Especially in the really rich neighbourhoods it usually was either old and worked fine, or newer and needed a cheap/simple fix and would then work fine. Then we resold it it the hood we lived in, usually got cash but sometimes other stuff to fence. Ah, the days of broke.
TheUglyGuy
I collected electric guitars from the dumpsters. A bit of adjustment, new strings, and sometimes a bit of soldering and ready to play.
threepotatoesinatrenchcoat
Surely the sound quality couldn't be that good if you're going to the soldering level?
TheUglyGuy
Typically just a broken wire on the output jack, but you have to remember that no one is tossing a classic Fender. These are no-name cheapies that have often been thrashed a bit. I partly used them to practice repair stuff - fret leveling, neck straightening, troubleshooting electrics, and general setup. I would give them away or sell them cheap to beginners.
threepotatoesinatrenchcoat
That's awesome, man. You're TheBeautifulGuy in my book
LongtimeLurkerFirsTimePoster
Guitar electronics are extremely simple but cheap or lazy wiring and parts can cause issues that most ppl think are fatal to a guitar. Often they are fixed in mins, with easily replaced parts or even tightening of nuts.
SalmonTheWise
Guitar electronics are so simple even guitar technicians know how to fix it, and they can't solder for shit.
vegivamp
I guess I missed my calling, then, because I can't solder for shit either 😅
LongtimeLurkerFirsTimePoster
If I were the king, I'd mandate spade connectors for pickups AND universal wiring color scheme. I do love solderless woring kits. I have one for JP wiring, blender for my strat and a 4 way for my tele.
MrSpookywasagoodboy2
A fifty inch TV costs $200 these days
StrangePaegan
I've owned five and never paid a dime. And I tried to sell a few, no one needs a used 50" when Walmart had them for $125 on Black Friday.
anjeleyezjr
A 70" one costs at most 300, unless you get the fancy ones.
DianNaoChong
I got my 55 for 250 like a decade ago. It's silly
NationalistCanadianMooseWarrior
Did a salvage job on a house a couple years ago and it had one of the first gen 70" flat screens, so old it had a *fluorescent backlight*. I wish I could remember the model, but I looked it up and it was worth $20k in ~2009 lol. We ended up recycling it because we could not sell it or even give it away for free.
neverwilliever
I got a free tv with points at work for being there for 10 years 🤷♂️
backrideup9
The 50" and two 32" TVs I have now cost less combined than the 19" tube TV I had as a 90's teenager.
THUB
I bought a 32" tv in 2009 for $320. I bought a 65" tv this year for $320. Accounting for inflation, the old TV cost $470
fistermatic5000
20 years ago I paid that much for a 28 inch CRT TV. But, it did have the built in DVD player so I was standing in pretty tall cotton at the time.
spookymormonhelldream
I've got a 48" Samsung i bought from Goodwill four years ago for $80. This thing has such good sound and a totally high res display
YouMayFindThisMildlyInteresting
Because they make their money back tracking what you watch and selling it to advertisers. https://arstechnica.com/gadgets/2024/08/tv-industrys-ads-tracking-obsession-is-turning-your-living-room-into-a-store/
HistoricalContext
Yep. Which is why any TV I purchase will never touch the internet.
stonebrood
I was furious with myself when I accidentally broke my mother's tv a few years ago. Imagine my relief when I found out how fucking cheap they are
AnyRandomBob
Yeah I could buy 8 TVs with one months rent.
AndyTheAbsurd
And a 200 square foot shack costs $400,000...in a rural area where it's 40 minutes to the nearest Walmart and there are no other grocery options.
LogicalLimes
Well… they’ll probably go up a bit soon. hahah
Valkyr1987
55 if you get it on sale
SebastianCrab
Even if you were dead poor you could picture that.
RhymingEverything
super nintendo! sega genesis!
brownribbon
Just remember that part of the reason TVs these days are so cheap is because the manufacturers collect and sell data about your viewing habits.
NothingPrince
I'm ok with that. Move tv shows I like
ourari
True. You can use NextDNS (free for personal use) for your home network or for your TV specifcally to block that crap. You can add custom block lists like this one: https://github.com/Perflyst/PiHoleBlocklist/blob/master/SmartTV.txt
MadamPuddifoot
I don't care. All I do is watch new girl on Hulu.
eion85
Only if you connect them to the Internet
TI99Kitty
The TV can collect all it wants. It's all stuff they can see anyway, like what I post on Imgur, or me playing DC Universe Online.
Besides, I don't let it connect to the internet, so that information is going nowhere.
ReleaseTheBeeees
15 year old 42" plasma. Has a chromecast plugged into an hdmi and gets turned on half a dozen times a year. Like me, but I'm now much older than 15 years
Nual
slinkydust
Why are you connecting the TV to the Internet?
eion85
The Smart TV OS these days is usually good enough for most purposes.
Riquende
Joke's on them, since new my TV has been 'tuned' to HDMI 1 where my PC handles all the entertainment and uploads my data directly to Microsoft, Amazon, Google et al, as God intended.
brownribbon
It would not surprise me in the slightest if your TV is taking screenshots at regular intervals of whatever you’re watching and transmitting that to some database where AI interprets it and figures out the best ad to send to your devices.
Nual
It was shockingly difficult to find a 'non smart' tv last time I got one...
DukePhelan
'Man... the future fucking sucks.'
UncleCeiling
You are correct: https://www.newscientist.com/article/2449198-smart-tvs-take-snapshots-of-what-you-watch-multiple-times-per-second/
brownribbon
Huzzah! Wait….i don’t like that I’m right.
MrSpookywasagoodboy2
A forty inch TV cost me $900 20 years ago.
reverendbonobo
I've never bought one. Every TV I've owned has been given to me. Sometimes, I'll have a TV and not be able to remember where it came from. Like there's some kind of TV fairy dropping them off while I'm asleep.
persondude27
There's an advertisement floating around from a Sears ad in 1969. A 23" color TV would run you $377 - that's $3200 in today's money, and this was a cheap one.
trigonman3
That would have been an unimaginable luxury in 1969. When I was born (in 1969), my parents had a 13" B&W model that we used until 1982, when we got a 21" color unit.
CarlBassett
In 1990 I worked for Rumbelows (A UK electrical retailer) A standard 21 inch CRT TV was £400, except Sony was £430 and a Samsung, a new cheap brand no one had heard of, was £270. Today you can get a decent brand 65 inch TV for under £400. And that's not taking inflation into account either.
imakesoap
Our 42” was $1500 way back when flat screens had recently arrived on the scene, it’s still hanging in there, but I see 60 for $300 and I am amazed
PoorSucker
Sorry my username is taken
Goatfer
I remember buying a awesome Samsung 27" widescreen for my Xbox 360. $1200 for a 720p LCD at the time...
johnxbear
In 2007 or 08 i worked at Wal-Mart in high-school and used my bonus 10% employee discount to buy a 32 inch flatscreen for $1000.00. It was an amazing deal at the time. Now days i wouldn't pay money for a screen that small.
Atomic2
32" or 42"? I remember buying my parents (with their money) a 42" tv for $1200 in 2007. It was a JVC. Brands like Sony and Samsung were like $1400-1500.
johnxbear
32
Atomic2
You sure it wasn't earlier than that? $1000 for a 32" tv was a terrible deal by 2007, especially considering that was after employee discount.
BeerBatteredandBold
A 12 inch sub was 5 dollars.
Trankia12
They don’t even let you see the toppings anyone in the subway near me. You have to order blind. You used to be able to see the toppings so you knew they were fresh.
trigonman3
Don't top your sub in public transportation, folks. It's not cool to force people to participate in your kink.
johnxbear
You can get a 12 inch sub on tinder for free.
ImmaCatImmaSexyCat
I was gonna ask why you'd want 12 inches on a sub, but after some thought... I get it.
itsallaboutthecones
Oh believe me, there's a cost associated.
ImmaCatImmaSexyCat
Just dont plan any walking trips the next day and avoid stairs when possible.
BobbyVegana
a hell ton of peniciline and Valtrex