Americans are working less

[HemiEd]

Originally Posted by Fish

You were clearly a very hard worker with a lot of determination. Good for you. But still, the fact that you were able to purchase a home for $200 down kinda supports my point. The average down payment for a home in Missouri is now over $20,000. When you were that age, your purchasing power was 10 times greater than it is for a young person today. That dramatic of a price increase, and stagnant wages for decades.

No question about that part, it is pathetic what has happened to the starter home availability. I have two grandsons dealing with that very issue right now, it is sad.

Big investment companies have bought up much of the cheap housing for various financial opportunity reasons, rentals, flipping etc. It is maddening. Then of course these companies raise the rent to crazy numbers.

But, like I say, even 53 years ago, without the GI bill, I wouldn't have been able to do it either. $200 is all I could get my hands on.