In the seventies if you lost your job you remained "unemployed" until you found another, today you are only "unemployed" until your unemployment compensation runs out.
When you had a job in the seventies, it was probably at a factory or in some other decent paying industry....today millions are lucky to find Walmart greeter postions paying a little more than minimum wage.
In the seventies if you owned your own home it kept its value and usually appreciated some every year, as we know in 2007-8 the average homeowner lost $80,000 in equity. $80,000! and you yoyos still support these guys...my God they are laughing at you.
#68 | Posted by danni
Buuuuuuttt.. here is a little reality check for you Danni.
My home rose in value by $240,000 (nearly doubled in value) from 2002 when I purchased it through mid 2007 when the market started to really "tank." It is now valued at "only" an $80,000.00 profit over what I paid for it.
For you folks keeping score at home technically my house lost $160,000.00 in value in 2007-2008..... but in REALITY it was a value adjustmnent back to where it SHOULD be.
In other words Danni. Great numbers but they don't tell the whole story.
But hillbilly. That would mean actions have consequences! The horror!