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May 28, 2011 at 6:03 AM #700758May 28, 2011 at 9:59 AM #699601bearishgurlParticipant
[quote=walterwhite]…if the rooms empty anyway aren’t the parents being wasteful and nonproductive by nit utilizing a resource?…[/quote]
scaredy, the whole idea of being 59.5+ years old and thus able to tap retirement funds was to be free to leave work at a convenient time after that and downsize to a location you actually want to retire in. This is hard to do with “needy” adult children and possibly grandchildren you don’t want to be on the street living in your home. Often this is a function of your kid marrying and/or having children too young w/o already having a trade or viable work skills/experience.
I see a lot of these adult unemployed kids living with parents, making payments on newer vehicles they purchased AFTER moving “back home” and sporting professional manicures, etc. You have to ask yourself if they will ever be able to save up enough $$ to go out on their own (again). It takes two to tango here… an “enabling” parent and their “self-serving” adult kid. Perhaps some of these parents want to retire in place and need “free” household and landscaping help.
May 28, 2011 at 9:59 AM #699696bearishgurlParticipant[quote=walterwhite]…if the rooms empty anyway aren’t the parents being wasteful and nonproductive by nit utilizing a resource?…[/quote]
scaredy, the whole idea of being 59.5+ years old and thus able to tap retirement funds was to be free to leave work at a convenient time after that and downsize to a location you actually want to retire in. This is hard to do with “needy” adult children and possibly grandchildren you don’t want to be on the street living in your home. Often this is a function of your kid marrying and/or having children too young w/o already having a trade or viable work skills/experience.
I see a lot of these adult unemployed kids living with parents, making payments on newer vehicles they purchased AFTER moving “back home” and sporting professional manicures, etc. You have to ask yourself if they will ever be able to save up enough $$ to go out on their own (again). It takes two to tango here… an “enabling” parent and their “self-serving” adult kid. Perhaps some of these parents want to retire in place and need “free” household and landscaping help.
May 28, 2011 at 9:59 AM #700280bearishgurlParticipant[quote=walterwhite]…if the rooms empty anyway aren’t the parents being wasteful and nonproductive by nit utilizing a resource?…[/quote]
scaredy, the whole idea of being 59.5+ years old and thus able to tap retirement funds was to be free to leave work at a convenient time after that and downsize to a location you actually want to retire in. This is hard to do with “needy” adult children and possibly grandchildren you don’t want to be on the street living in your home. Often this is a function of your kid marrying and/or having children too young w/o already having a trade or viable work skills/experience.
I see a lot of these adult unemployed kids living with parents, making payments on newer vehicles they purchased AFTER moving “back home” and sporting professional manicures, etc. You have to ask yourself if they will ever be able to save up enough $$ to go out on their own (again). It takes two to tango here… an “enabling” parent and their “self-serving” adult kid. Perhaps some of these parents want to retire in place and need “free” household and landscaping help.
May 28, 2011 at 9:59 AM #700425bearishgurlParticipant[quote=walterwhite]…if the rooms empty anyway aren’t the parents being wasteful and nonproductive by nit utilizing a resource?…[/quote]
scaredy, the whole idea of being 59.5+ years old and thus able to tap retirement funds was to be free to leave work at a convenient time after that and downsize to a location you actually want to retire in. This is hard to do with “needy” adult children and possibly grandchildren you don’t want to be on the street living in your home. Often this is a function of your kid marrying and/or having children too young w/o already having a trade or viable work skills/experience.
I see a lot of these adult unemployed kids living with parents, making payments on newer vehicles they purchased AFTER moving “back home” and sporting professional manicures, etc. You have to ask yourself if they will ever be able to save up enough $$ to go out on their own (again). It takes two to tango here… an “enabling” parent and their “self-serving” adult kid. Perhaps some of these parents want to retire in place and need “free” household and landscaping help.
May 28, 2011 at 9:59 AM #700783bearishgurlParticipant[quote=walterwhite]…if the rooms empty anyway aren’t the parents being wasteful and nonproductive by nit utilizing a resource?…[/quote]
scaredy, the whole idea of being 59.5+ years old and thus able to tap retirement funds was to be free to leave work at a convenient time after that and downsize to a location you actually want to retire in. This is hard to do with “needy” adult children and possibly grandchildren you don’t want to be on the street living in your home. Often this is a function of your kid marrying and/or having children too young w/o already having a trade or viable work skills/experience.
I see a lot of these adult unemployed kids living with parents, making payments on newer vehicles they purchased AFTER moving “back home” and sporting professional manicures, etc. You have to ask yourself if they will ever be able to save up enough $$ to go out on their own (again). It takes two to tango here… an “enabling” parent and their “self-serving” adult kid. Perhaps some of these parents want to retire in place and need “free” household and landscaping help.
May 28, 2011 at 10:24 AM #699606bearishgurlParticipant[quote=CA renter]Definitely. Back when I was in college, my roommates and I rented a 3/2 apartment for $710/mo in a working-class, but decent-enough part of town in L.A. We could swing that rent, even though we all had low-paying jobs. These days, the rent for that apartment would probably run around $1,600-$1,750 (or more). The catch? Wages for the types of jobs we had have gone nowhere in that time. Those wages have gone up *maybe* 40%-60% since then.
So, while everyone is applauding the miracle of house price appreciation (and the rent increases that tend to go with it), the truth is that the working class hasn’t really seen any appreciable wage increases for decades, and their purchasing power has dropped significantly, while the upper-income earners and asset owners have probably seen their “wealth” and/or buying power triple or quadruple since then. The wealth/income gap is now HUGE, and it’s only getting worse.[/quote]
Totally agree, CAR. In our case, the min wage was between about $1.10 and $2.40 hr. That was used for union dues and payroll taxes. We got Blue Cross coverage, once weekly uniform laundry svcs and worksite lockers as “union benefits” plus one free meal per workday and employee discounts as patrons from the house. We actually lived on tips, which were NOT taxed at the time. We stacked our bills and rolled our coin on breaks and stood in line to deposit it in our checking accts once a week to pay bills with. Bought daily needs with cash.
I averaged about $1450 mo income and my rent in 3 different dtn SD apts was $140 to $225 (the latter rent incl panoramic bay/ocean view). All rents covered ALL utils. Cable svc was not avail in that area. I used “rabbit ears” on my TV, lol.
I DO think it was much easier for a young person or couple/young family to live on a “non-professional” income at that time. However, the particular job I performed could be strenuous as it required lifting up to 50-lb trays overhead with an open wine carafe in the middle, often with one arm and up and down one or two steps and an excellent (nearly photographic) memory. The uniforms were starched minidresses and the houses were very particular about how they were worn and the level of grooming of their wait staff. Gender, disability and “appearance” discrimination were completely legal, accepted by employees and practiced everywhere :=0
May 28, 2011 at 10:24 AM #699701bearishgurlParticipant[quote=CA renter]Definitely. Back when I was in college, my roommates and I rented a 3/2 apartment for $710/mo in a working-class, but decent-enough part of town in L.A. We could swing that rent, even though we all had low-paying jobs. These days, the rent for that apartment would probably run around $1,600-$1,750 (or more). The catch? Wages for the types of jobs we had have gone nowhere in that time. Those wages have gone up *maybe* 40%-60% since then.
So, while everyone is applauding the miracle of house price appreciation (and the rent increases that tend to go with it), the truth is that the working class hasn’t really seen any appreciable wage increases for decades, and their purchasing power has dropped significantly, while the upper-income earners and asset owners have probably seen their “wealth” and/or buying power triple or quadruple since then. The wealth/income gap is now HUGE, and it’s only getting worse.[/quote]
Totally agree, CAR. In our case, the min wage was between about $1.10 and $2.40 hr. That was used for union dues and payroll taxes. We got Blue Cross coverage, once weekly uniform laundry svcs and worksite lockers as “union benefits” plus one free meal per workday and employee discounts as patrons from the house. We actually lived on tips, which were NOT taxed at the time. We stacked our bills and rolled our coin on breaks and stood in line to deposit it in our checking accts once a week to pay bills with. Bought daily needs with cash.
I averaged about $1450 mo income and my rent in 3 different dtn SD apts was $140 to $225 (the latter rent incl panoramic bay/ocean view). All rents covered ALL utils. Cable svc was not avail in that area. I used “rabbit ears” on my TV, lol.
I DO think it was much easier for a young person or couple/young family to live on a “non-professional” income at that time. However, the particular job I performed could be strenuous as it required lifting up to 50-lb trays overhead with an open wine carafe in the middle, often with one arm and up and down one or two steps and an excellent (nearly photographic) memory. The uniforms were starched minidresses and the houses were very particular about how they were worn and the level of grooming of their wait staff. Gender, disability and “appearance” discrimination were completely legal, accepted by employees and practiced everywhere :=0
May 28, 2011 at 10:24 AM #700285bearishgurlParticipant[quote=CA renter]Definitely. Back when I was in college, my roommates and I rented a 3/2 apartment for $710/mo in a working-class, but decent-enough part of town in L.A. We could swing that rent, even though we all had low-paying jobs. These days, the rent for that apartment would probably run around $1,600-$1,750 (or more). The catch? Wages for the types of jobs we had have gone nowhere in that time. Those wages have gone up *maybe* 40%-60% since then.
So, while everyone is applauding the miracle of house price appreciation (and the rent increases that tend to go with it), the truth is that the working class hasn’t really seen any appreciable wage increases for decades, and their purchasing power has dropped significantly, while the upper-income earners and asset owners have probably seen their “wealth” and/or buying power triple or quadruple since then. The wealth/income gap is now HUGE, and it’s only getting worse.[/quote]
Totally agree, CAR. In our case, the min wage was between about $1.10 and $2.40 hr. That was used for union dues and payroll taxes. We got Blue Cross coverage, once weekly uniform laundry svcs and worksite lockers as “union benefits” plus one free meal per workday and employee discounts as patrons from the house. We actually lived on tips, which were NOT taxed at the time. We stacked our bills and rolled our coin on breaks and stood in line to deposit it in our checking accts once a week to pay bills with. Bought daily needs with cash.
I averaged about $1450 mo income and my rent in 3 different dtn SD apts was $140 to $225 (the latter rent incl panoramic bay/ocean view). All rents covered ALL utils. Cable svc was not avail in that area. I used “rabbit ears” on my TV, lol.
I DO think it was much easier for a young person or couple/young family to live on a “non-professional” income at that time. However, the particular job I performed could be strenuous as it required lifting up to 50-lb trays overhead with an open wine carafe in the middle, often with one arm and up and down one or two steps and an excellent (nearly photographic) memory. The uniforms were starched minidresses and the houses were very particular about how they were worn and the level of grooming of their wait staff. Gender, disability and “appearance” discrimination were completely legal, accepted by employees and practiced everywhere :=0
May 28, 2011 at 10:24 AM #700430bearishgurlParticipant[quote=CA renter]Definitely. Back when I was in college, my roommates and I rented a 3/2 apartment for $710/mo in a working-class, but decent-enough part of town in L.A. We could swing that rent, even though we all had low-paying jobs. These days, the rent for that apartment would probably run around $1,600-$1,750 (or more). The catch? Wages for the types of jobs we had have gone nowhere in that time. Those wages have gone up *maybe* 40%-60% since then.
So, while everyone is applauding the miracle of house price appreciation (and the rent increases that tend to go with it), the truth is that the working class hasn’t really seen any appreciable wage increases for decades, and their purchasing power has dropped significantly, while the upper-income earners and asset owners have probably seen their “wealth” and/or buying power triple or quadruple since then. The wealth/income gap is now HUGE, and it’s only getting worse.[/quote]
Totally agree, CAR. In our case, the min wage was between about $1.10 and $2.40 hr. That was used for union dues and payroll taxes. We got Blue Cross coverage, once weekly uniform laundry svcs and worksite lockers as “union benefits” plus one free meal per workday and employee discounts as patrons from the house. We actually lived on tips, which were NOT taxed at the time. We stacked our bills and rolled our coin on breaks and stood in line to deposit it in our checking accts once a week to pay bills with. Bought daily needs with cash.
I averaged about $1450 mo income and my rent in 3 different dtn SD apts was $140 to $225 (the latter rent incl panoramic bay/ocean view). All rents covered ALL utils. Cable svc was not avail in that area. I used “rabbit ears” on my TV, lol.
I DO think it was much easier for a young person or couple/young family to live on a “non-professional” income at that time. However, the particular job I performed could be strenuous as it required lifting up to 50-lb trays overhead with an open wine carafe in the middle, often with one arm and up and down one or two steps and an excellent (nearly photographic) memory. The uniforms were starched minidresses and the houses were very particular about how they were worn and the level of grooming of their wait staff. Gender, disability and “appearance” discrimination were completely legal, accepted by employees and practiced everywhere :=0
May 28, 2011 at 10:24 AM #700788bearishgurlParticipant[quote=CA renter]Definitely. Back when I was in college, my roommates and I rented a 3/2 apartment for $710/mo in a working-class, but decent-enough part of town in L.A. We could swing that rent, even though we all had low-paying jobs. These days, the rent for that apartment would probably run around $1,600-$1,750 (or more). The catch? Wages for the types of jobs we had have gone nowhere in that time. Those wages have gone up *maybe* 40%-60% since then.
So, while everyone is applauding the miracle of house price appreciation (and the rent increases that tend to go with it), the truth is that the working class hasn’t really seen any appreciable wage increases for decades, and their purchasing power has dropped significantly, while the upper-income earners and asset owners have probably seen their “wealth” and/or buying power triple or quadruple since then. The wealth/income gap is now HUGE, and it’s only getting worse.[/quote]
Totally agree, CAR. In our case, the min wage was between about $1.10 and $2.40 hr. That was used for union dues and payroll taxes. We got Blue Cross coverage, once weekly uniform laundry svcs and worksite lockers as “union benefits” plus one free meal per workday and employee discounts as patrons from the house. We actually lived on tips, which were NOT taxed at the time. We stacked our bills and rolled our coin on breaks and stood in line to deposit it in our checking accts once a week to pay bills with. Bought daily needs with cash.
I averaged about $1450 mo income and my rent in 3 different dtn SD apts was $140 to $225 (the latter rent incl panoramic bay/ocean view). All rents covered ALL utils. Cable svc was not avail in that area. I used “rabbit ears” on my TV, lol.
I DO think it was much easier for a young person or couple/young family to live on a “non-professional” income at that time. However, the particular job I performed could be strenuous as it required lifting up to 50-lb trays overhead with an open wine carafe in the middle, often with one arm and up and down one or two steps and an excellent (nearly photographic) memory. The uniforms were starched minidresses and the houses were very particular about how they were worn and the level of grooming of their wait staff. Gender, disability and “appearance” discrimination were completely legal, accepted by employees and practiced everywhere :=0
May 28, 2011 at 2:03 PM #699640CA renterParticipantI love hearing about your experience then, BG, and so glad things aren’t the same now WRT discrimination.
OTOH, you made GREAT money for that time!
May 28, 2011 at 2:03 PM #699735CA renterParticipantI love hearing about your experience then, BG, and so glad things aren’t the same now WRT discrimination.
OTOH, you made GREAT money for that time!
May 28, 2011 at 2:03 PM #700320CA renterParticipantI love hearing about your experience then, BG, and so glad things aren’t the same now WRT discrimination.
OTOH, you made GREAT money for that time!
May 28, 2011 at 2:03 PM #700465CA renterParticipantI love hearing about your experience then, BG, and so glad things aren’t the same now WRT discrimination.
OTOH, you made GREAT money for that time!
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