The data is clear, the whole country is being priced out and falling dramatically behind the cost of living; personal anecdotes are just that.
Regardless of nominal short term changes, you are fooling yourself if you think your wages are at all similar to the relative purchasing power of previous generations. Anyone buying a house feels that one bad, or let’s say education… etc…
I believe I told you not to address me directly. That means not replying to any of my posts and to be fair I won’t reply to yours. In fact since this is your thread, I’ll leave. I really would appreciate your cooperation. Now leave me be as I wait for my so-called reparations.
I have this feeling that you think that the housing bubble was caused by government interference instead of deregulation of the market and the resulting market created for the private sector.
This isn’t some hand wavy excuse. The Fed chairman testified in Feb 2013 that the sequester and spending reductions was going to reduce 2013 GDP by about 1.5% compared to CBO projections and cost about 750,000 jobs. Government spending is a major component to GDP (you know, the whole C + G + I + NX thing). These are facts. The GOP was a major drag on GDP growth.
But hey, yay for deficit fueled GDP growth now, right?
I dont remember liberals saying Obama economy was dismal. I do remember trumpists saying that, and then changing their tune when Trumps numbers are pretty much the same, except if course for the $1trillion deficit at full employment