Lol

Boomers invested all their wealth into a single asset (homes), so instead of weathering the market or diversifying, they petitioned the state to restrict supply (anti-development). At the same time, all the services they wanted were too expensive, so they petitioned the state again to depress wages by expanding the labor supply (mass immigration). Now their children and grandchildren are competing in a flooded labor market to afford homes they'll never be able to buy, and all those aging Boomers will completely bankrupt the Social Security system. At the very least they can die alone in a shoddy retirement home surrounded by all the baubles and cheap foreign labor their materialist lifestyle could want.

@@Schlabbeflicker well explained

@@Schlabbeflicker You must either work in the government or academia. No one else thinks that way.

@@SteviePaints no. I doubt that's true, you cannot speak for "everyone else". Maybe you refuse to see it because you are part of that group.

You could get 4 corvettes for the same price at the time.

@@jamestucker8088 ... I'm assuming you mean a type of car there, small warships seem like they'd be more expensive than that :p

Bruh.... they made 7-13 cents an hour. Top dollar at the ol’mans lumber mill was $7 a day.

James Tucker 11k - 4 corvettes? Damn inflation really is a thing.

@@boundarysentinel4181 The minimum wage in 1954 was 75 cents an hour. Either you are lying or too stupid to use Google.

I thought the same thing. Same generation and thought process.

And you're from a generation that has the opportunity to literally work from anywhere, if you can just get over living in "the country."

You mean a single bedroom (or couch, even balcony) in someone else’s cramped apartment?

@@joez.2794 you can’t get fast enough internet “in the country” to work from home. Cell phone signals are important for that too (working from home). So if there’s no cell service and crappy to no internet, those people can’t work from home.

@@cynicalcindy1434 It's 2022, not 2002, kiddo Most rural areas have plenty of high-speed Internet options and decent cell service. What they usually don't have, however, is avocado toast. You'll have to learn to make that yourself.

I don't got it

Accurate

@@snoopyloopy We're about to get tens of millions of new homeless too. And while there's always going to be a base level of homeless, druggies, mentally ill, just dysfunctional people, these new millions are going to be normal people who got fucked over by capitalism (look at how much richer the oligarchs have become over the last few months) and they're going to be competent, and angry.

@@alexcarter8807 Are they gonna be angry that they were rolled over by their system?(capitalism) or because they knew what was coming and did nothing to stop it while it happened in slow motion in plain view?

I felt like just as the video was going to touch on one of the most.. touchiest issues, it's over.

Careful now, the Americans might panic if you suggest a European city

@@agonzgonzalez7748 🤫

It’s 2024 and they’ve built unlimited 5 over 1s in the suburbs. Now the whole country is a 5 over 1 and rent still has the audacity to be $2000 for a studio in a suburb 40 minutes from the city. This is in every city in America except NY, LA, SF, BOSTON and SEATTLE which are obviously twice the price for a studio in the suburbs 🥲

But that would be Socialism! You know why the Russians didn't all kill each other off in a bloody internal war when the USSR fell? Because nobody owned their housing - it was gov't assigned as a human need. So no one was thrown out of their houses into the snow, and if they were like the USA where everyone would just get thrown out, there's be massacres in the street - it would literally be eat the rich time.

That's an oversimplification.

It is an oversimplification however this person is making a important statement.

@@camrenmugabe3062 yep greed is ruining everything in this world

Yes.

You would enjoy Death Stranding.

Play Cities Skylines

You also benefit from prop 13, which isn't mentioned at all in this video.

It is nearly impossible to afford your first home in an established career outside of college. Now that remote working is being seen as more viable, this will do wonders for the housing market and is going to put pressure back on companies to be more competitive in their salaries nationally. Give me gigabit internet and a place to get food and I’d be fine living just about anywhere - given I can still reach the other branches of my family which all live here in the KC area.

@@RyanValizan Companies will lower the salaries, but this is not going to solve the housing crisis. Working from home significantly reduces the productivity of employees. So employers will still demand employees coming to the office, but then like min. 50% of the time. In this way employees are still being forced to live close to the office which means the housing crisis will still be a thing in the future. The roads are quite calm now, but that's always the case when capacity is increased by widening the road or when white collar people works less in the office. Unfortunately, the law of induced demand will make sure those roads will be clogged again within like 3 years. The only way to tackle that issue is building (safe) bicycle infrastructure the Dutch way to at least have an opportunity to circumvent gridlock.

@@hendrikdependrik1891 Dutch safe cycling infrastructure with more missing middle housing and mixed use zoning. People don’t realize everywhere doesn’t have to be Manhattan when people talk about density

@@RyanValizan a gigabite, I crie with my 5kbs :'(

That's not how that works. You would still have all your other expenses for those three years. You can only ever use about 25% of your salary for housing costs. Everything else goes to taxes, food, transportation, and a bunch of other bills, with a little left over in savings if you are lucky.

@@mirzaahmed6589 Obviously the loan might've not been necessarily paid in 3 years back then but the point that Endjo was trying to make was that it would be nice if we didn't have to dedicate basically 40 years of our lives just trying to pay off the loan for our house.

I live on the edge of the city and work in the same neighborhood I live in. It’s nice. Half the time I ride an electric scooter to work.

I also go against the traffic flow to and from work(most of the route anyways). Its great.

Well here in houston living in Katie going into the city there is traffic both ways where do you guys live

@@dark12ain I thought the West Houston suburb was called Katy. I live on the east side of Phoenix in the lower end of Arcadia.

@@danieldaniels7571 I10 is what I drive on

This is how I wish people would make YT videos.

Honestly, you've probably heard it before, but curiosity stream is really good with this kind of stuff.

Couldn’t agree more.

A young clawboss prior to becoming popular.

Good God that is insane

That's 114 times, not 1143 times.

Beat me to it, was writing a similar story.

You can still buy a house in California City pretty cheap. I sure as hell wouldn’t want to live there, though.

California City technically still exists and I wouldn't be surprised if the pandemic response pushes more people out there if they can work from home most days.

@@snoopyloopy Well california city is a booming city mostly due to the fact their is a lot of flat land to develop

it will all burst just like 2008 the population is on credit

The country is dying. You're only seeing the top income brackets doing anything.

Excellent documentary, Rob! Well researched and very informative!

And yet people who clamor for higher-density housing plug their ears & scream "LALALA" when you tell them just who is developing these housing units. These corporations have consistently proven that they're only interested in luxury units, and will gleefully let them sit vacant for eons until someone can afford them. They point at the boomers and say it's their fault when developers are the ones artificially decreasing available housing. I'm fact, I'm convinced that the shift of blame on to the boomers is a smear campaign by these companies, like how they try to shift the responsibility of recycling on to the individual when they're creating more waste than every citizen combined. It's only a matter of time before companies like Blackrock buy up literally all the land available and create modern-day feudalism.

@@somebonehead who do you think owns Blackrock? Boomers.

@@someboneheadBlackRock and those other groups consistently cite the restrictions on new development as a reason to buy up the homes. They legally have to disclose that stuff to investors.

It's the reason I'm still holding on to my father contracting business after his passing. Family wonder why I just don't look for a different job that pay higher more frequently. The same family members that often question if their job will still be there tomorrow or have to jump from job to job because they are losing hours while I'm finding consistent work because my skill set is in short supply and high demand.

I have often discussed this with builder friends of mine and the really important thing to do is learn how to price a job properly and get stage payments on big or expensive work. Like cops and pilots and firefighters, builders have to retire early and may suffer job related injuries more readily than office workers. That is why their life insurance and injury cover are higher than most jobs. It is also very important to have a variety of income sources from various property management companies or owners and to set up a network of likeminded people in order to get work in the lean times and share out work to others in the busy times.

Doesn’t work if you don’t have any of those skills though.

same; by making comments you help out his channel get boosted by the algorithm!

yup

What’s the hooker situation like down there?

Yeah, but they were few in number, and extremely expensive. Think Philadelphia's Main Line suburbs.

Probably not with a 55/45 ratio of garden - house.

@@Angel24Marin My point is that the problem is not suburbs per se, but rather the way we build suburbs.

@@davidbarts6144 I agree. We should have a mix of our car dependent suburbs with some walkable and transit oriented suburban neighborhoods.

No, it's mostly NIMBY incumbent homeowners that collude to suppress the housing supply where it's actually wanted. It's fundamentally an excess demand issue; even China has a huge issue trying to get people away from the coasts into its _really_ empty western half, despite having none of the bureaucratic impediments. For California, the units still sell once up for sale despite all the markups, further inflated by often corporate ownership who controls the release of properties to ensure that low availability leads to high prices. One of America's biggest competitive advantages is in a largely unspoiled environment, sometimes made official as a National Park or Forest, providing enormous amounts of lumber, tourism, green space, and biodiversity that can be readily studies and potentially exploited.

@@doujinflip You haven't addressed the affordability issue. I live in socal, anyone can build a house for $600K but very few people could afford it. Take the 125K I mentioned, add 30K for the mandated solar system you have 155K. Add 150K for the lot (that's cheap) and 125K to build a decent house, you arrive at $430K as a minimum.

@@doujinflip There are no NIMBYs left. They have all gone BANANAs. Not in my backyard has become “Build absolutely nothing anywhere near anyone.”

Austin D I second this. A video about sprawl in America would be great.

The point of Insurance/Tags/Insurance is to pay for road damage cars cause - bikes contribute nearly nothing to road damage. Having bikes adhere to the same laws is flawed because they are inherently different vehicles than motor vehicles of any kind as they accelerate differently - rules are about safety and having bikes adhere to the same rules will lead to increased traffic deaths. Anyway, more bikes are great for drivers, they can take up less than a lane, and relive several lanes of traffic.

@Kelly Penrod there is a reason why cyclist drive wide. In Germany there is the rule to drive like 3-4 feet from the curb and to be overtaken with like 5 foot of distance to you. And contrary to you belive, that it is easier to overtake 20 cyclists in a row, you would have to move a little to the left lane and overtake them over a long stretch. Now Imagine, there is a pothole. The cyclists will swerve. And they are in front of your car, but you're going to fast to stop now. And since you haven't fully moved over you have something to the left of you. And you have to do that 20 times. Now Imagine the same thing but with 4 or 5 cyclists next to eachother. You have to move one lane over. That slowes you down a little, but you would have to do that if you wanted to keep a safe distance to the cyclist anyway. Now imagine the pothole, the formation of cyclists will somewhat squish, but stay in its lane. And sou only have to pass 4 or 5 rows of cyclists. Making the passing shorter. But that is only whree Cars and Bikes mix. If you have dedicated cycling paths those distances get lower, because speed difference is lower, and a car hitting a cyclist, ist rally bad news for the cyclist. For the car it is just a inconvinience. nd cyclists have ro adhere to almost the same traffic laws in Germany. There are some that are slightly different, there are some, which are only there for cars, and there are some that are only there for bikes. Just look at the Netherlands. They have more cyclists than any other Nation. The cyclists don't have tags, thry don't have any special insurance, they have traffic laws for bikes. The whole thing is financed through taxes. Because infrastructure for cars is like 10 to 100 times more expensive, than for bikes. As well as lasting longer and needing lesser maintenance. And they don't have a problem with broken of mirrors, that hurts a cyclist, and i don't know a cyclist who would much rather destroy someones mirror, than to carry on driving unharmed. Same with the scratches. That is a easy way to throw yourself of your bike and is something which is way less common, than you think.

@Kelly Penrod Yes i don't know every roadlaw from the USA. But that doesn't mean, that my Argument is just plain wrong. Laws follow mostly the same principle everywhere. The first law of roadtraffic in Germany is: Don't behave in such a way, that you endanger others. I guess, that the USA has something very similar. That means: Don't overtake to closely, don't drive too fast, etc. That means: If you overtake a cyclist inside your lane, then you more often than not endanger him, if there is no space to his right. Meaning you can't feasibly overtake. If you add in a group of which are all cycling behind eachother and a semi in the opposing traffic, then you are stuck between the cyclists and the truck. No space left, no space right. But on the right, there is a human beeing wirhout a metric ton of metal protecting his flesh like you are in your car.

Cyclists take up a full lane for safety. Too often bikers get knocked down by cars who _thought_ they had enough clearance from a driver sitting on the far end of their vehicle. Plus the curbmost part of the road are usually full of drainage hazards and gravel kicked over from four-wheelers, any of which could make the cyclist spill over sideways with their head probably going right into the track of a passing car. Then there's other policies that don't make sense for cycling, like full and complete stops due to the amount of effort required to get going again (it's not just a light tap of the gas) and despite having completely unobstructed visibility compared to inside a car. Or having to wait for a green light which would never trigger from insensitive signal sensors. Or mandating liability insurance for a vehicle that in a collision causes far less damage than the rider themselves. Perhaps spend some time pedaling on public roads and you'll see how following your idea of "proper" road usage actually leaves you frustrated if not physically vulnerable, and you start bending the rules to something more rational.

Round Earth! What the hell kind of heresy is that?