Gone with the Globalization, that is the US Middle Class

[sdrealtor]

So most of the poor stay poor and most of the rich stay rich. My challenge is that wealth is not a finite thing. It grows over time. So even though the richest get richer, others can still get richer too even though they may hold a smaller share of the ever increasing pie. We live in the real world not on some graph with an income distribution. I still see people better off today than a generation or two ago.

[carlsbadworker]

[quote=patb]Sure TG has a great house and he pays 4X family income while his gtandad paid 2.5X.[/quote]

Where did you get that idea from? Defintely not in Temecula that one will need 4x family income to get a great house, especially considering TG got a good bargain.

[carlsbadworker]

[quote=patb]Sure TG has a great house and he pays 4X family income while his gtandad paid 2.5X.[/quote]

Where did you get that idea from? Defintely not in Temecula that one will need 4x family income to get a great house, especially considering TG got a good bargain.

[carlsbadworker]

[quote=patb]Sure TG has a great house and he pays 4X family income while his gtandad paid 2.5X.[/quote]

Where did you get that idea from? Defintely not in Temecula that one will need 4x family income to get a great house, especially considering TG got a good bargain.

[carlsbadworker]

[quote=patb]Sure TG has a great house and he pays 4X family income while his gtandad paid 2.5X.[/quote]

Where did you get that idea from? Defintely not in Temecula that one will need 4x family income to get a great house, especially considering TG got a good bargain.

[carlsbadworker]

[quote=patb]Sure TG has a great house and he pays 4X family income while his gtandad paid 2.5X.[/quote]

Where did you get that idea from? Defintely not in Temecula that one will need 4x family income to get a great house, especially considering TG got a good bargain.

[carlsbadworker]

[quote=sdrealtor]If we were willing to live in 1100 sq ft homes with one TV and drive our cars until the wheel fell off like grandad we could pay the mortgage off in 15 years also. [/quote]

Exactly. If people are worse off, then most likely it is that they don’t have self-control. Yes, the older generation pays off the mortgage in 15 years because they don’t refinance. But having refinance opportunity (with lower rates) itself isn’t a bad thing, it really depends on how you use the opportunity to your advantage or not.
This generation has been provided with more opportunities with the globalization, if only people can stop whining how unfortunately they are and start doing something with all the resources at their hands that the older generation could only dream about.

[carlsbadworker]

[quote=sdrealtor]If we were willing to live in 1100 sq ft homes with one TV and drive our cars until the wheel fell off like grandad we could pay the mortgage off in 15 years also. [/quote]

Exactly. If people are worse off, then most likely it is that they don’t have self-control. Yes, the older generation pays off the mortgage in 15 years because they don’t refinance. But having refinance opportunity (with lower rates) itself isn’t a bad thing, it really depends on how you use the opportunity to your advantage or not.
This generation has been provided with more opportunities with the globalization, if only people can stop whining how unfortunately they are and start doing something with all the resources at their hands that the older generation could only dream about.

[carlsbadworker]

[quote=sdrealtor]If we were willing to live in 1100 sq ft homes with one TV and drive our cars until the wheel fell off like grandad we could pay the mortgage off in 15 years also. [/quote]

Exactly. If people are worse off, then most likely it is that they don’t have self-control. Yes, the older generation pays off the mortgage in 15 years because they don’t refinance. But having refinance opportunity (with lower rates) itself isn’t a bad thing, it really depends on how you use the opportunity to your advantage or not.
This generation has been provided with more opportunities with the globalization, if only people can stop whining how unfortunately they are and start doing something with all the resources at their hands that the older generation could only dream about.

[carlsbadworker]

[quote=sdrealtor]If we were willing to live in 1100 sq ft homes with one TV and drive our cars until the wheel fell off like grandad we could pay the mortgage off in 15 years also. [/quote]

Exactly. If people are worse off, then most likely it is that they don’t have self-control. Yes, the older generation pays off the mortgage in 15 years because they don’t refinance. But having refinance opportunity (with lower rates) itself isn’t a bad thing, it really depends on how you use the opportunity to your advantage or not.
This generation has been provided with more opportunities with the globalization, if only people can stop whining how unfortunately they are and start doing something with all the resources at their hands that the older generation could only dream about.

[carlsbadworker]

[quote=sdrealtor]If we were willing to live in 1100 sq ft homes with one TV and drive our cars until the wheel fell off like grandad we could pay the mortgage off in 15 years also. [/quote]

Exactly. If people are worse off, then most likely it is that they don’t have self-control. Yes, the older generation pays off the mortgage in 15 years because they don’t refinance. But having refinance opportunity (with lower rates) itself isn’t a bad thing, it really depends on how you use the opportunity to your advantage or not.
This generation has been provided with more opportunities with the globalization, if only people can stop whining how unfortunately they are and start doing something with all the resources at their hands that the older generation could only dream about.

[carlsbadworker]

[quote=joec]I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.[/quote]

I think this is the article that you referred:

http://www.huffingtonpost.com/thom-hartmann/theres-nothing-normal-abo_b_32532.html

[carlsbadworker]

[quote=joec]I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.[/quote]

I think this is the article that you referred:

http://www.huffingtonpost.com/thom-hartmann/theres-nothing-normal-abo_b_32532.html

[carlsbadworker]

[quote=joec]I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.[/quote]

I think this is the article that you referred:

http://www.huffingtonpost.com/thom-hartmann/theres-nothing-normal-abo_b_32532.html

[carlsbadworker]

[quote=joec]I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.[/quote]

I think this is the article that you referred:

http://www.huffingtonpost.com/thom-hartmann/theres-nothing-normal-abo_b_32532.html

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