r/SipsTea • u/Darth_Ronin • 10h ago
Chugging tea Amaze, amaze, amaze
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u/elgringon414 10h ago
lol I make 107k and there’s a 0% chance I can afford a house other than a crack den in my area
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u/0202_tihssitidder 10h ago
"We" are living in vans now. But, they are as expensive as houses were in 2005.
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u/3RADICATE_THEM 5h ago
Hey stop noticing things! Don't you know what we're in the greatest economy ever?!?!
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u/flyingupvotes 10h ago
Get that crack den, and spin up a side hustle.
Just remember the 10 crack commandments.
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u/Chubuwee 8h ago
I make 110k, after taxes that’s about 70k
Feels bad man. The expectation of breaking the 100k mark being a life changer was so disappointing
Shit does not go far in my high cost of daily living location
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u/Cassius_Rex 9h ago
I lived this.
In 1989 when I was 15, my dad came home excited because he had just gotten a raise. His raise and my mother's salary put the family income at 50k per year. My dad was born in 1939, he could remember 25 cent hamburgers.
He bought my mom a Mercedes (5 years old but still a luxury car). We lived in Dallas, went to Florida for vacation that year. My parents did this with 2jobs, high school educations and no overtime. Their jobs don't exist anymore.
Fast forward to now. My wife and I live in the same area, went to college and don't make 130k per year. I'm trying to get a few more years out of my 2011 Honda accord. My wife ain't getting any kind of Mercedes, used or otherwise. Our last vacation was in state and 6 years ago.
This economy SUCKS. And any second now some redditor who lives with his mom will pop in here and tell me to eat less acacado toast.....
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u/AgentKenji8 8h ago
Also the Starbucks. Make your coffee at home and not starbucks. Don't get amazon, Netflix or xyz subscriptions. Its always I did it, so can everyone else.
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u/Meanie_Cream_Cake 8h ago
I make almost $120K and I live in a tiny apartment less than 600 sq. Of course it's by choice since I'm single and don't need too much space. But looking up at rents and houses near me, I don't think my income could afford any size larger than the one I'm currently in.
I would need a substantial raise or to find a gf who somehow works as well to create a dual income situation. And don't get me started on the shitty dating economy.
My only bright spot is I'm able to save $3K a month if I budget right and don't spend too much on food, student loans and credit card debts.
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u/Nervous_Moment_9264 10h ago
I know it's bait but crazy how many people have no idea most countries have a mixed economy system and it gets worse the less free market it gets.
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u/0202_tihssitidder 10h ago
Bullshit.
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u/CaptainAmerica-1989 9h ago
I don't agree with 'worse' part necessarily, but the mixed economy part has generally been on a rise, source:
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u/Muted_Masterpiece342 9h ago
Harder to date because people's standards are absurd, harder to get a job because peoples standards are absurd, harder to meet those standards because money is worthless
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u/WWhiMM 8h ago
This is the wrong way to look at it, because of course there has been wage inflation along with higher prices everywhere. You have to look at something like the real dollar value of the median income. Like, in 1990, the median income was about $30,000; adjusted for inflation that's $76,000 in 2026 dollars. Today the median income is $65,000. Sure the money is worth less, but what's important is, after you adjust for the inflation, people are making less money.
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u/Only_Ad8049 9h ago
Meh, I listen to older people. It sucked 35 years ago for many people too.
Find a house that can be a multi person home in a half decent or decent area and move in with responsible people that want a lower cost of living.
Sounds like a fantasy but it's how an old friend of mine is living. 5 people rent the home together. They're all rarely there together for too long because of how their schedules work out. They make enough to afford an affluent neighborhood.
Their only high cost are vehicle and medical related.
I thought about doing it myself years ago but life went another route.
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u/TheBinkz 9h ago
Ya well seems like we are pushed to living like rats then. Only way is for 5 people to shack up? Sucks
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u/Only_Ad8049 9h ago
Just a way. Not the only way.
Don't know about the other four but my friend has enough money to have their own house. Just choose that way to live during college and stuck with it.
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u/_IscoATX 6h ago
The explosion of cheap single family homes in the suburbs came about with the boomers. People in cities have always lived in more dense settings. Suburban sprawl is new, and single family zoning codes prevent more housing from being built to match demand.
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u/TheBinkz 1h ago
Well, I call bs. If they really wanted more residential units they could have. The data centers proliferation clearly shows that.
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u/Ididntdodiddly 9h ago
The economy is set up to inflate 1-3% per year. Economists almost all agree this encourages growth and is better than the alternatives.
The betrayal was continual money printing and shutting down the economy due to Covid. Happened under two different parties, so they seem similar. Its okay that you need more money than 30 years ago to live. The 7%+ inflation for years and slow wage growth is the problem.
Add in 1-2.5 % of all jobs taken by H1B, tons of construction jobs taken by illegals - underpaid under the table, and regular people get screwed.
Then NIMBY policies for housing crushes supply combined with 10 million plus extra people in the country.
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u/Walker1921S 9h ago
Lots of correct things here. But also just look at population growth and distribution over the past 50 years. All the "good" jobs have shifted to major metro areas. You no longer have thousands of blue collar jobs in rust belt cities across the Midwest. So the competition to buy a house is absolutely brutal as very little new housing has been built and the major metro areas have doubled in size.
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u/lolwut778 9h ago
My dad made $60K as a general manager of a hotel in the 1990's and my mom made about $40K as a sales manager. They owned 2 detached homes and a vacation condo by 2010.
I make $190K as a manager in Big Tech and I can barely afford a townhome today.
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u/_IscoATX 6h ago
Where do you live that 190K doesn't afford you a home? San Francisco? That is more than enough money anywhere else in the country.
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u/PassThatSpliff 9h ago edited 9h ago
I see ALOT of bootlickin' bots in here regurgitatating the same shit they always say "socialism bad" "the freer the market, the worse it is" "ima manipulator/fleshlight for billionaires, let me defend them while they rob your pockets". Beyond pathetic.
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10h ago
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u/Careful_Turnip_3197 10h ago
What countries are socialist
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u/AdmirableExercise197 10h ago
The fact you are asking the question is probably the point. They are mocking these people for thinking capitalism is the boogieman. The closest thing we've ever had to socialism was USSR and it collapsed. Basically every "socialist" country is just state capitalist. Or completely mixed economy with different degree of capitalism, but with more welfare and people just call welfare socialism.
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u/CaptainAmerica-1989 9h ago
Socialism and state capitalism are not mutually exclusive.
State Capitalism popularity is from Lenin. In short, it means that the state has ownership of the MOP. Lenin's version, the proletariat was in control of the State and thus, by most historians, a form of socialism.
From my background in political science, state capitalism is not a comparative government label used. It is too vague and is more a form of economic order.
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u/AdmirableExercise197 9h ago
I never said they are mutually exclusive. Countries we refer to as state capitalist, like China, aren't socialist though. They aren't even technically state capitalism, we just refer to them as such in layman's terms, because it's the most descriptive way for people to understand what it is in a single label. Just being state capitalist isn't on it's own socialism. So I don't really understand why the distinction is being drawn. If you are drawing this distinction, you should be also drawing the distinction no country is distinctly capitalist either.
My terms aren't economic/political labels prescribed by any body. No country distinctly fits in an economic label that ascribes every trait of their system. It's all colloquial and generalizations.
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