"You'll Own Nothing and Be Happy" - World Economic Forum, 2016.

Dude, it's always been called a DREAM for a reason.

I lucked out and was given the opportunity to purchase my grandparents' home after they passed. my dad let me buy it with family discount for $50k plus 2 acres. this was 2009 in TX.

There are a lot of factors affecting the costs of housing today. Companies like Blackwater who are buying up blocks of housing to keep off the market until the price of the homes goes way up then sell it to make huge profits is one aspect. I’ve been seeing a lot of adds on KZfaq lately from Airbnb saying why rent a hotel room when you can rent a suite. Then it dawned on me that people/businesses are renting apartments then offering them on Airbnb to rent per day or week. This is another reason there’s a housing shortage happing. I was looking for an apartment at a new complex and when I was on their site they only had 3 or 4 for rent and the rest where listed as Airbnbs. No wonder it’s so hard for anyone to find affordable housing anywhere.

I ended up getting my CDL awhile back and when my dad did that job it was an instant ticket to the middle class. So I went yea that's something easy that I can do and live comfortably. Both my ex wife and I drove truck and between our 2 income's we barely where above poor. It's sad how worthless our money has become

You know it ain't a fair economy when you live with 4 people that also work and you still barely just make it by at the end of the month

Why does it seem like whenever the government spends on a industry the price of that services, or goods become very expensive.

back in the early 2000's in oklahoma house pricing used to be 75-100k for a 3 bedroom home now its 250-325k and your lucky if its 3 bedrooms

You don't need higer paycheck,you need 75% cut on all yours bills,75% cut on food pricess,75% cut on merchandise pricess,and equal paycheck for every american,no mater the gender,or race.And paycheck of 6000 per month,or 72000 dollars annually,is enough money for everyone,and i mean everyone,from sanitation worker,to Hollywood actor.

My mom lost a house that was given to her from my grandpa. It was built by him at a cost of $10,000 she lost it in the late 90s because credit card people made her think she was going to jail if she didn’t sell the house to her. I was a loan officer at the time and had she talked to me before a week before she had to get out. Now she rents in her 70s. I wish she would have talked to me at the time about it. I would have told her to keep the property and F the credit card debt. I was angry at her for a long time for this but now we have a good relationship but now I’m struggling too and can’t help her. I work in remodeling now and it’s been so slow I can barely afford to eat myself. It’s only gonna get worse.

There's one slight misconception with the 'data' used to compute those figures. As you heard, they all assumed that college is the 'key' to earning. What's ignored are the other paths, mainly the trades. There's a critical shortage of trades people in the nation, and those jobs are also highly paid, without all that student debt. Many of those tradesmen are earning upwards of that 6 figure income, if not over, and upwards once they get experience. So those electricians, mason/brick layers, finish carpenters and the like are getting harder and harder to find, as most are aging out to retirement or passed. Trade schools are a fraction of the cost, compared to college, and it's much easier to find work as an apprentice to start earning right out of the gate. The mantra that 'you need a college degree to be successful' is BS, unless in those STEM fields. You see those $60k+ 'liberal arts' degrees in gender studies or some other such field that just doesn't have the earning potential to even cover the cost of their student loans. These days, you see more students being indoctrinated in the 'far left' echo chambers, focusing on protesting and 'social justice warrior' focuses instead of being an actual productive member of society. Even then, with the standards lowered to the point that even some of those STEM tracks are impacted in quality of graduates walking out of the 'higher institutions of learning'.

America has over 2 Million homeless people, and 10 million people who live below the poverty line, 10 million adults who are unemployed still living at home with their parents, another 50 million people who live near the poverty line. There are a lot of factors that make up the high cost of houses: 1. Hedge funds like Blackrock, StateStreet & Vanguard are scooping up houses when they hit the market because real estate is more stable than the stock market. Also, right after WWII there was a huge home building movement making homes affordable for the first time since the great depression of 1929-1938; The thing is those homes were 3 bedroom 1 bath and 1200 sq ft. Between 1960 and 1985 "Executive" home were 2400 sq ft 3 bedroom, 2.5 baths + a den, and a family room; today those "executive" homes are the new "starter" home; and an executive home begins at 3,500 sq feet. Add to that all the changes in zoning laws and the massive house and apartment building shortage and homes get further & further out of reach. America is 70 million affordable housing units short for the current legal citizen population - that number includes affordable apartments, affordable condos/townhouse, and free standing homes. Allow in 10 million undocumented workers who are going to need extremely low cost affordable housing and you have the makings for an economic war resulting in mass poverty.

-All By Design- No Way Out

The CEO of McDonald's made 17.5 million dollars last year. Remember that when people cry that there's no more 5 dollar value meals and blame the low level employees and minimum wage increases.

I looked up a mortgage calculator a week or so ago, for a 350K house, your mortgage with no insurance or taxes (escrow) would be 2000 to 2300 a month to purchase the house. Same as most of the rents in my area or a little higher. Most of these houses were built before the 70s.

Thank you so much for the “buy land” advice! That’s brilliant. I only just ran across your channel yesterday and I’m hooked. Keep up the good work! 👏

Love your channel brother Straight up no joke

I was born in 1965, and as I grew up I saw the American dream go to 💩. I live on 12,000 a year, I saved my money bought a plot of land then built my own house. It cost 10,000 to build, HOW, I DID ALL THE WORK MYSELF. Why are things like this Feminist DESTROY THE MATRIARCHY

Yeah, not that I would encourage our kids to go to college...but we couldn't afford to send them. Not a fan of seeing these young adults asking for us to pay for their financial choices. A lot of them didn't bother checking what jobs were a good choice. Instead they chose courses based off of social issues, and come out as debt slaves...with zero of my values. Why exactly should my taxes pay for that? I don't think college should come with a crazy price tag...but how about we just have the colleges take the hit so they stop pushing dumb programs?

Waking up from your American Dream just to see all you own is debt, living your lives on credit forever can't last forever😉

"it's called the American dream because you have to be asleep to believe it." George Carlin

I looked up houses near the q train in brooklyn. These houses have no backyard and rattles all night from the trains passing. Almost 40 minutes out from midtown these tiny brick connected houses are going for over a million.

When I proctored GRE exams I'd constantly hand out psychology(I'd guess for social work) booklets. I rarely saw mathematics or physics. So many students major in business not knowing they're training you for the rat race. Trades are the way to go.

My household is now making $130k+/yr in California and we have been living the same as when we where making 70k/yr in 2018... Learn when to live in scarcity when scarcity is on our doorsteps... More money doesn't equate to better living when it costs more to live OK...

I lived in a van for 2 years that’s how I saved

The first thing that needs to be excluded from the American dream is buying a suburban single family house. That’s thing is a scam

PMI isn't permanent. Once your equity plus down payment is 20% of the purchase price it is supposed to be lifted, although it may require refinancing to do so.

The only way I was able to save for a house was by living below my means and having roommates. But real life is a struggle, especially alone. The other good thing I did was to buy my house near my job. If I have car trouble, I can walk to work.

Brother I love your content and how you put societal issues in the proper perspective. Keep up the great content. Much love from Boston!

I tell people all the time when I was a kid in the late 90s early 00s 18/hr you were Ballin now 18/hr your Broke.

I'm thinking about leaving the country and then just showing up at the border and telling them I'm being persecuted somewhere in the world. That seems like a better way to get the American dream instead of working myself to death.

Keeping up with the "Jones' " it is something so many do. The idea of figuring out what you need vs what you want to display. Car, cloths, shoes, etc all these things are in your control to figure out what you want to do. Material things shouldn't be what people go for. and one key thing in realestate - Location location location. so figuring out if your job can be remote - utilizing that to get you to a place that is less expensive to live - don't do the 4 year degree at a major university - look into trades and your community colleges that will keep you on the positive side of things with money and debt. I shake my head at people who are paying 1500 plus to live in something less that 500 sq feet. all because they want to feel the "status and city life" like NOPE I would rather commute 20 mins even 45 mins and spend 1500 on a mortgage of a house that is a 2 bed 1 bath of a 900 sq feet place that has a back yard and a garage. possibly even a basement if you look hard enough and are decent with a hammer to fix it up.. and those are not even the least expensive or in a Horrible neighborhood. Anyway as soon as the protestors stop asking for relief, accept what they said yes to, and just focus on saying no to living in certain areas things will come down due to the length at which they are on the market... Every choice is a sacrifice of something you want for something you want more. There has been loads of warning signs with student loans and tons of people to say don't do it for you to be like its the only way. B.S. So many ways now adays to do things. Keep up the fun vids cheers.

I usually say 5x Not always applicable but if I can't afford to buy 5 I won't do it. If it costs 100 I better have 500 in my pocket that's the only way I've been able to save

Thank you, Sir.

The American Dream is an individual thing, therefore it's different for every one. Where else can you have nothing and build yourself up to great heights, if you choose. As far as living paycheck to paycheck, if you have a median to high income, the question needs to be if you are not living above your means. And a lot of us are. Is it we don't get paid enough or is it we are not budgeting our money well? Is the system the problem or are we the problem? Everyone outside of the really high earners are not struggling or living paycheck to paycheck. Something to think about.

I make roughly $85,000 a year, plus my Government job benefits, which probably puts me at about $125,000. I am more than comfortable with my life. I have great credit and no debt though. Still saving for a large piece of property to build a house. Most people just waste their money and constantly spend and get themselves further and further in debt. Even when I was making $45,000 a year I was comfortable. I think people just complain too much. My wife now makes $130,000 ( her first year doing so ), and I was still able to support the house and 2 kids on my income, virtually, the last 3 years while she finished school. It's called being fiscally responsible. It isn't easy, but be smart with your money and you will be fine. I live in Florida, so maybe places like New York or California is different.

I'm making just under the median income, which is the most money I've ever made in my life; and it's barely enough to pay my mortgage and bills. I live comfortably, but I'm also not saving any money. It's not that I don't make enough, it's that EVERYTHING has increased 2-10x just in the last three years. They're bleeding us dry!

I'd also like to add that investing in gold and silver is also a way to save your money without using a bank. The land is a great idea too tho. I hadn't thought about that.

21:13 I love when Americans cry that their fuel is a bit more expensive now, considering that their fuel is extremely cheap compared to Europe. In USA, 1 liter of gasoline is $0.90, while here in Bulgaria it is $1.50 and we work for $650 a month. Out of $650 you pay $250 rent, which is close to 40% of your income, then you pay for food, water, electric bills, and tax. And at the end of the month, you have LESS than $50 to survive. If people here are able to save money, they save like 5-7%. We drive 20-30 year old cars. For us a new car is something under 15 years old. So be thankful for what you have.

RULE #1: RENTING IS NOT A WASTE OF MONEY

Pick any manual job like plumbing, brick layering, gardening or something similar and Your fine. And if You don't have six figure job and You are in those big expensive cities just move out.

Dont go to college you are better off learning a trade or going to a trade school much cheaper and u can come out immediately earning more

These figures seem to be inflated for many areas of the country. Lower standard as past generations have done.. smaller home. 1950 average home was 900 sq.feet . Then 1960 s 1000 ft. So many feel they do not have to start out in life without at a sacrifice... Many feel they should be actually entitled to the same standards as their parents , parents worked for 40 years. Roommates yes,. College it so many need go. College has always BEEN OVERRATED. Need good electricians, plumbers, crafts persons ..and believe me if one works hard in that area you can make far more then many College educated ..always has been this way . A UPS driver can make over 100,000 a year . But you actually must WORK! A lot of complaining is going on. Lower standards.. Lower expectations. Why do so many think they NEED EVERYTHING.. The average buyers at places, Guccu etc. Are regular people.. why ? Who needs those things .

Took me 7 years to get a fire department career and I barely hit $60k. Needless to say Im now in debt with no end in sight. I wish I was a woman so I could start only fans and take my family on a decent vacation.

I close on a house on the 30th of this month and if it wasn't for my VA loan, there is no way I'd be able to afford all the closing costs and all the other B.S. they charge you for. They try to get everything they can out of you!

Dont even buy a home if you can't pay off the mortgage before you retire

Forget about buying a house here in america….. it’s not worth it. Flew to the phillpines were I’m currently building my own modern home…. 3 bedroom on 500 SQ meters of land for 90k…… buying a home here for 400k!? Yea….. no

I dunno, I have read some people saying that we are just crybabies and need to work harder. Also, we are not aware of our freedoms and ungrateful. In my opinion, yes there is still opportunity, but the chances have lowered drastically and will continue to. It may appear free like a dream...but its no dream

FJB. straight up.

No offense but it would be very easy to live the American dream on $100k/yr. You might not be able to live in the place you want to live, or drive the cars you want to drive, but you can definitely have 2-3 kids and live in a decent place for that money. You will just have to commute just like your parents had to.

Been living paycheck to paycheck my whole adult life. At 51 I make $40,000/yr. most I've ever made. Still living paycheck to paycheck, renting an apartment that is just above liveable...no savings except retirement from my state job which I will probably not retire from and work until I die..

This is the same problem the whole world is experiencing rich getting richer the poor getting my parents it cost 25% of my father’s income over 15 years to own now both parents require 75% to rent when can they afford to save a deposit

No difference than now and twenty years ago,houses tripled and so did wages

everyone's idea of the American dream is very different. mine is enough and my needs are simple.

in a way the best thing would be every single job should pay the same no matter what it is , but you go 2 school 2 get a job u like 2 do instead of the money it makes.

I agree with you but I think the price is more like 100K a year. 50K is poverty in most major cities now. Especially nyc. You could end up homeless at 50K there. Sleeping in your new car is a thing in the city....

People please wake up.. collage is not the answer. Get a trade they pay way more than with someone with a collage degree. I’m in a trade and I’m making 160k base salary. And we are not talking OT for the year All with a HSD.

It's taking me 20 years to make 20,000

"birth lottery shouldn't matter" Since when? The entire point is to do better for your kids. I have a better life because of my father. My mother was born in a shoe box and a dresser drawer was her crib. If I have kids will they do better than me? I dunno but they definitely will start better than their grandparents. Where ya start don't hold anyone back but what ya parents did and if they decide to help or not will can matter alot. That's why "generational wealth" can be said to rise and fall in about three generations. Made that money but never taught their kids well enough. Poof gone.

The American dream is possible. I have a family of four living off 45k a year. We own everything outright never financed anything.

16:00 It's *because* of economic concerns, if my money will be worth less tomorrow, why not spend it now?

Yeah in the past rich people did not show their lifestyles so normal people had no idea and expectations were lower...NOw everyone wants a Mc Mansion in a subdivision and to travel the world...NOt sustainable

30% of Americans are underemployed, with low-paying jobs, with 0$ savings, renting, not owning a house (since can not afford a downpmt); and, a financed car!

It’s not due to just these last couple years, inflation has been out of control since the 70s with massive jumps in the deficit during the Bush Jr and Trump administrations. As a kid that grew up in the 90s and 00s I can honestly say that through my entire life I have never once felt financially stable. I never eat out, I don’t buy expensive coffee, and I very rarely buy something unnecessary for entertainment purposes just to keep the world from looking as bleak and I still can’t save up enough to live alone. I had a job with the “most generous” employer in my area and my pay was still absolutely abysmal and on top of that they wanted to cut my hours in half to less than 20 hours.

its easy, just make more money. own multiple houses and rent, its just that easy. Im buying my 3rd home now due to having a couple rental properties. Thats the way to go

18:18 Are we buying the land from the USA or China?

Does everyone think putting the lawless in control of the laws is going to make things fair? This was all premeditated by career criminals imo.

high yield savings is double in 20 not 100....

i'll grab my popcorn

I made 82 last year on pace for 92 this year I do ok but definitely not as well as Should be

If you are living paycheck to paycheck on 6 figure incomes, you have serious spending problems. I make $16k a year. Out of that is $1840 per year on property taxes, that will double if the crooks in my county succeed in increasing my $40k assessment to $97k on a house worth $40k. $1200 a year on home owners insurance $2400 a year on food at most $1200 or less on untilies per year. Approximately $6700 in expenses out of a $16k income. People claiming they can't afford living on those huge incomes should lose their access to their own money. Someone else should be managing all their transactions.

The average black household makes about 45, 000 per year.

Bring back the gold standard

And you doing that calculation on gross not net. When you do net it take even longer to save for the down payment

The American dream is a fucking joke!

I am 56 years old the most cash I've ever had at one time in my life was 50,000

Buy gold silver platinum long term forget about it

40,000 dollars a year sounds great 2 me XD , i only earn 22000 a year in the netherlands XD

just trade options bruh

So what are we going to do about it? Just sit on our ass and complain?

It's not about your income, it's your lifestyle.

The AMerican dream is dead, except for a very few who will get lucky ....The average guy will never get it. THat is why I moved to Germany..I will never earn the figures I could in the USA but my living quality is so much higher with less. Rents alone, unless you are in Berlin or MUnich are still reasonable... If you are young and fit stay int eh USA but when you start getting older and the dream did not happen better look elcewhere...its sad

This is what happens when a nation turns its back on God and the nations founding principles based on Christian morality and ethics . The laws of sowing and reaping are very real. We are facing the passive wrath of God. Repent and believe in the gospel of Jesus Christ before it too late.

In the age of Digital currency no one is safe; Revelation ch 13

The american dream is dead....fentanilo

My wife bought a home on a credit card check for 20, 000 it took me 2 years of elbow equity. It has paid for it's self after 9 years. I'm giving it to my daughter as a gift when she's ready. I know its not collage.

"That's why they call it the American Dream, because you have to be asleep to believe it." -George Carlin