Tuesday 10 October 2023

Housing Story

 I noticed that Morgan Stanley (the money-people) did a survey and found that 50-percent of young adults....are still living with their parents (all-time record).  Highest rate since the 'great depression'.

This brings me to the thought....are we in a 'less-than-great depression'?  Since the Covid era....I've tended to believe that the old method of assessing the economy is crap, and doesn't work any longer.  

If you live in California?  Well....even if you cleared $3,000 a month on pay (after taxes)......I'm not sure it'd be enough to settle housing and general expenses.  Maybe in Tennessee or Mississippi....$3,000 a month would work.  

Where this is leading?  Disgruntled young people....with angry motivation on voting.

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