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Flying Squid to Microblog [email protected]English • 6 months ago

So much for "progress"

lemmy.world

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  • [email protected]
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So much for "progress"

lemmy.world

Flying Squid to Microblog [email protected]English • 6 months ago
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231
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  • cross-posted to:
  • [email protected]
  • Flying SquidOP
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    15•6 months ago

    Huh. I wonder what happened between 2017 and today?

    https://www.businessinsider.com/personal-finance/mortgages/housing-bubble

    Also…

    https://www.bankrate.com/mortgages/historical-mortgage-rates/

    This has some serious boomer “I paid $25 a credit in college so I don’t see why you are all taking out big loans” vibes to it.

    • @[email protected]
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      2•6 months ago

      Thats a lot more recent than 1971.

      • Flying SquidOP
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        1•6 months ago

        Maybe that’s because they were talking about what changed between 2017 and today.

        I’m not a mathematronicist, but I’m pretty sure 1971 came before 2017.

        • @[email protected]
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          1•6 months ago

          Whatever you say mathemetron

    • @[email protected]
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      6 months ago

      So doesn’t that mean it’s a housing bubble issue? It seems like the focus on 1971 is designed to mislead people to think it’s not a (very) recent phenomenon. This just seems like another “grr boomers” post which is just more division that serves to redirect anger from the ultra wealth.

      • Flying SquidOP
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        3•6 months ago

        Is housing the only thing mentioned in the meme? Is the fact that housing is even more obscenely expensive than it was in 2017 so that far fewer people can afford it than even could then some sort of proof that things are better now?

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