no ‘flashbacks’ here. in 2008, i could afford to eat and pay the rent.
It’s kind of insane right? I have more education and should be better off but…I’ll be honest my quality of life as a college student during the Great Recession was scary but it was higher quality of life than I have now. I don’t even have kids.
I never worried about whether there would be food in the stores. I’ve been worrying about the supply chain for 5 years now. It’s not that I can’t afford the food it’s that the food isn’t nearly the same quality. Most of the food we are getting here goes rotten extremely quickly. Herbs are bad in the stores. Tomatoes are bland and bruised. It keeps getting worse.
Rent is softening in my city. I’ve been watching the market. I’ve also been going to open houses and negotiating with the agents on rent to see what they’ll say and where they stand. Tons of houses in my area sitting for 30 days plus. My soft estimate is a lot of the rentals near me don’t get that it’s not 2023 anymore and they’re roughly 15%-20% overpriced. Many are lowering their prices 4.5% every 2-3 weeks until someone rents.
Also seeing overly hopeful pricing for sale too. Lots of 10k-20k price cuts. Some cutting 100k when they sit a bit. The average days on the market was 45 days in Q4 2024 (if my memory is correct). Which isn’t abnormal but the days sitting is trending up — houses starting to sit longer.
We are about to hit the height of the rental market and selling season. I wouldn’t be surprised if some people have to price their rental below their mortgage if they are renting a house they overpaid for in 2023.
Not really good news if you’re holding real estate in America. Could be good if you’re in an area that might get a rental correction. We’ll see. Doesn’t help the inventory crisis. Still need more housing.
The stock market getting wiped out and it being harder to find a job is one thing. Groceries being unaffordable for half the country and getting more expensive by the day is entirely another thing.
Boomers watching their retirement go away as stocks crater is kinda sad, I guess. Not being able to find a job always sucks. But people on a mass scale not being able to afford food and basic housing is a crisis the US hasn’t seen since the Great Depression.
It’s getting worse every day, and there is no answer, no long- or even mid-term plan, and no one in actual power is even attempting to help. Democrats do nothing, and Republicans make it worse, while the Trump/Musk administration is Nero fiddling while Rome burns.
Groceries being unaffordable for half the country
Forget being affordable, we’re going to start seeing empty shelves.
And all of this hardship was not only preventable, but was actively brought on by the nonsensical actions of one 34-count felony fraudster. This is a needless, government-induced crisis that rests squarely on the shoulders of a cowardly Congress that refuses to do its job while a madman destroys the economy.
It was definitely preventable, but to laud all of this to the actions of one man is foolish. The American empire has been in decay for longer than I have been alive. It’s not really surprising that is now begun to crumble and collaps.
Katy Perry Space Mukbang world tour. Let the children eat sugarfree cake.
I love how everyone is mother fucking Katy for going to space but no one is mother fucking the billionaire that sent her.
Flashbacks? More like fond memories, I’d take those days back in a heartbeat.
