Reply to My aunt started working as a maid at the Watergate after graduating HS & bought a home in Arlington

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Back then you could pay for in state college with a part time job, because tuition was so cheap. You can't do that today.

Wages have not kept pace with the increase in housing costs and tuition costs.

[/quote]

In 1980 my state college tuition was $900 A year. But incomes were very low.

But remember, no iPhones, WiFi, cable, Uber, streaming, Starbucks, fish taco places, nannies, maids, housekeepers, landscapers, nail salons etc unless rich.  and interest rates sky high.

There is a lot of wasteful spending today from folks who claim they can’t afford a house [/quote]

[/b]Give me a break. [b]WiFi and smart phones are now essential for having a job. Many people Uber INSTEAD of buying a car. No one gets cable anymore and streaming instead is cheaper.

The people who have nannies, maids, housekeepers, and landscapers are home owners.

It is an undeniable macroeconomic fact that housing prices and college tuition have skyrocketed while salaries have stagnated. But keep blaming me for the iPhone I upgrade once every 4-5 years. [/quote]

Not to mention, if you know home ownership is wildly out of reach for you, you’re going to spend your disposable income differently. A SFH may be out of reach, but a monthly iPhone bill is something you can swing. It’s not like people are choosing an iPhone and the occasional $5 latte in lieu of a house.[/quote]

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