[logicslave]

Beach real estate only massively inflates in california once, BTC only goes from .1 c to 50k once. These are once in a multigenerational outcomes for asset classes that we will be paying for, for decades. I will spend my 30s and 40s making in the top 1-3%, but still making just enough to afford a nice home in a nice area, with a wife that doesn't work, multiple kids, and nice things. Things people used to take for granted. Not the bare minimum lifestyle, but one would expect more from being so high up on the income totem pole.

It feels to me like I am working to keep the monetary policy afloat.

[lotsofpulp]

> Things people used to take for granted.

All of that was possible mostly due to a confluence of a few major things that happened at the right time - WW2 leaving US at a competitive advantage, people having lots of kids ensuring lots of economic growth, and automation and outsourcing multiplying productivity and keeping costs low, but at a slow enough pace that people could transition to better economic opportunities and a lot of the people being left behind were masked by sheer population growth since a lot of younger people were still moving up on the ladder.

And no automation was developed to turn people over in the hospital beds or change their bedpans or clean bathrooms.

[akomtu]

You still can if you invest and then move out when you're 40 and a solid multimillionaire. Also, a not working wife isn't an "asset" but a huge liability: an equivalent of an earthquake leveling your house followed by a recession halving your assets and a major health issue that wastes half of your income.

[logicslave]

hahah.... well yes there is that as well. A potential 50% loss of basically lifetime savings