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0 pointsJohn238328y ago0 comments

I think one of the problems is that even if you're frugal with your resources, you're barely making it. In the suburbs, two parents with a single car working 9-5 (if you're lucky) is barely sustainable with two young kids. It isn't sustainable when those kids get a little older and have to go off and do their own activities in order to (hopefully) grow into well rounded human beings. In the a major city, transportation cost have increased too.

I cook every meal, and I can tell you, food prices are starting to look iffy to me. I can only imagine someone on a fixed/restricted income. Let alone having a spouse or a kid or two.

I also think you over estimate the average person's ability to save, even if you're not buying a bunch of extravagant crap. In the "middle class" there isn't as much spending going on as people think.

Also, sure you may be able to buy that type of home in Detroit for that little (which i argue really isn't that little... especially if you have no savings and shot credit), but if it's in the city proper, you have increased food costs, lack of public transportation, deficient police, fire and ems, high taxes as Detroit tries to recoup loses... etc. If you live in the suburbs (which most people do in Detroit, which eroded their tax base and caused their current problems), you have the issues I highlighted above.

Combine that with little job mobility and lack of a viable path to increase income... the "middle class" is taken for a ride... the poor are screwed.

God forbid you have student loans.

We need to do better as a society.

0 comments

zip12348y ago

I agree that the student loan issue is a big problem. If people tried to get a mortgage, they would be required to back the loan somehow and show income that can pay it back. With student loans, there are no such requirements and people can get any kind of degree and take out insane amounts of debt. How can someone that ends up getting $12/hr pay back a 100k student loan and then be able to afford anything else? Also, the houses I was looking at were in Garden City, MI. Not unsafe, not dilapidated, just small houses. Finally, I disagree with the argument that kids need a lot of activities (such as team sports) that they must be driven to and from in order to be well-rounded. There are many paths to being well-rounded.

John23832OP8y ago

Regardless of how you enrich your kids, staying in the house without outside interaction isn't optimal. I just think that transportation is a need, and in suburban sprawl, walking doesn't cut it. When multiple people in the household need transportation, but you have two (or less) drivers, who have responsibilities of their own... I think you see where I'm going.

Also let's not get into the fact that it's "frowned upon" to have kids "wander" by themselves now.

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