Buy Smaller Houses, You Fat Fucks
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Featuring data that took too long to find.
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If I had a dollar for every communist child and/or fake news propagandist who claimed that "muh Boomers had it easy" with free houses and shit, I could use it to buy literally the exact same amount of housing as muh Boomers could buy in 1950. Except it would actually be better, because it was built in current year, but ignoring that, this is still true. Enclosed is a letter to everyone who believes this dumbass bullshit:
Dear 23 year old Dollar Store cashiers,
You are not even fucking poor and houses cost literally the same amount of money in the year 1950 as they do today.
- Anyone who is capable of spending like an hour and a half looking at housing data
And as you know, since the fake news media can't be bothered to correct literally any blatantly false statement, 256 Kilobytes is now apparently the only source that is capable of providing you with accurate information on important topics, such as why all poor people are lazy. It's time to explain why you are so fucking wrong, that it's almost unbelievable.
The Problem: People on the Internet are Wrong about Housing Prices
Look at the dumbass shit that people believe. I mean, this obviously false belief about housing markets in the 1950s is so prevalent, half of this country assumes its true as some kind of fundamental reality of the universe. Such as:
This dumbass article from CNBC with the accompanying video titled "life really is more expensive for you than it was for your parents and grandparents":
Houses weren’t always this expensive. In 1940, the median home value in the U.S. was just $2,938. In 1980, it was $47,200, and by 2000, it had risen to $119,600. Even adjusted for inflation, the median home price in 1940 would only have been $30,600 in 2000 dollars, according to data from the U.S. Census.
It’s natural for prices to rise over time. But the issue here is that home values are outpacing inflation, making it nearly impossible for new and young buyers to enter the market.
People on Quora (incidentally, Quora is a website that you can do marketing on):
American housing prices have gone up at a rate that salaries have not kept up with. The ratios have changed, and that’s important.
It used to be that you could buy a house for a *fraction* of your salary…now, it is often many multiples.
And also people on Reddit:
I honestly believe that people in my age group are stuffed.
I don't know much about the effect that the war had on economics or about any of the economic realities of the years between 1950-1980 but it seems to me that growing up in that era was a lot easier. Sure, this is anecdotal, but everybody I know says the same.
It was this meme that made me think about posting this thread.
Fun fact: If your thread includes the phrase "I don't know much about the effect that the war had on economics or about any of the economic realities of the years between 1950-1980 but it seems to me that growing up in that era was a lot easier" there's a pretty good chance that you're incorrect. Many of the commenters in that thread are also wrong, such as this person:
[...] On the facts, yes, the statistics are quite clear that the Baby Boomers had it much easier. In inflation adjusted terms, they paid less in tuition, got jobs of out college/university much easier, had to specialize less, earned more starting salary, paid much lower for houses, and got rich off of rapidly increasing housing prices. [...]
Asy you might expect, people who run a website whose "Our Vision" page claims that "right now the money and banking system isn’t working for most people" also has a poor understanding of statistics:
[...] House prices rise much faster than wages, which means that houses become less and less affordable. [...]
Anyway, it turns out that this is fucking wrong. Because I would rather blow my fucking brains out with a cheap handgun than allow other people to be wrong on the Internet, the data is compiled below.
The Data: You Know, That Thing You Can Use to Stop Being Wrong
Okay, you cocksuckers, it's time to compile the data. You know, what literally everyone quoted above should have done before implying that a bunch of part-time call-center employees are being oppressed by the elderly.
Median Household Income
Step 1: Look at this shit.
|Median Household Income|
|1950, Inflation Adjusted||$35,346.79|
I mean, look at that shit. It's literally
double 1.75 times larger. Plausibly because women are more likely to be working in Current Year than in the year 1950, which, you know, would not be a surprising reason why that number might be basically double.
Anyway, since I am not a journalist or lying piece of garbage (but I repeat myself), here is some context on how median household income is calculated:
A household's income can be calculated in various ways but the US Census as of 2009 measured it in the following manner: the income of every resident of that house that is over the age of 15, including pre-tax wages and salaries, along with any pre-tax personal business, investment, or other recurring sources of income, as well as any kind of governmental entitlement such as unemployment insurance, social security, disability payments or child support payments received.
Source: The Wikipedia Article on Household Income in the United States, cited from the Census Long Form Definition
This includes literally 15 year olds and the unemployed (which drives the number down), although it also includes government benefits and child support (which drives the number up). Specifically, this is the methodology used by the US Census Bureau, which is an alt-right conspiracy website. Other organizations may use different methodology.
Also, yes, the median household income is in fact $61,937 cocksucking dollars. You wouldn't know that shit, since Obummer and the Dumbocrats like to LARP about how everyone's super poor, but whatever. As a side note, there are three general categories of median income:
- Median Personal Income, which is for one person. In 2018, the median personal income was $33,706.00.
- Median Household Income, which is for arbitrary people living together (as well single people who live alone,which is not trivial considering that in 2018, there were "35.7 million single-person households, composing 28 percent of all households"). According to Sentier Research, "median annual household income in June 2019 was $64,430, up $593 or 0.9 percent from May 2019 ($63,837)," which is a fucking ludicrous increase over one month (although that is like one month, so it's basically an anecdote).
- Median Family Income, which--in contrast to median household income--only examines households that have two or more people that are "related by birth marriage, or adoption." According to the U.S. Department of Housing and Urban Development, "the median family income for the United States is $75,500 in FY 2019, an increase of five percent compared with the national median income for FY 2018," which is so fucking absurd it's almost unbelievable. SEVENTY-FIVE THOUSAND AND FIVE HUNDRED COCKSUCKING, MOTHER FUCKING DOLLARS. Seventy-five THOUSAND. But they're still like super poor tho and need your welfare.
But anyway, enough about that, it's time to find out whether you can even buy a home.
Median Home Value
Step 2: Look at this shit.
|Median Home Value|
|1950, Inflation Adjusted||$78,769.79|
The census.gov table on historic housing data listed above includes inflation adjusted numbers, but they're for 2000 and have been recalculated. Also, since that number from Zillow will presumably update over time (taken on 7 November, 2019), here's a screencap.
It's also worth noting that there are three values that sound like they are the same, but are not:
- Median Home Value. This is the value used above, which is $231, 000.
- Median Sale Price. According to the same Zillow data, this is slightly higher at $237,000
- Median Listing Price. Also using the Zillow data, this is $289,000.
So if you see some tabloid LARPing about how homes cost $300k or some shit, they're probably using listing price data, not the data that actually matters.
Average and Median Home Sizes
Step 3: Look at this shit.
|Average Square Feet|
Median Square Feet
Also see this article. It was basically impossible to find the median value for the year 1950, but the average is close enough.
Using this data, here is some math that is so simple that even a child (like an actual child, not the communists who are wrong on the Internet) could follow it:
- If you divide $231,000.00 by $78,769.79, this indicates that the median home value in 2019 is approximately 293.26% higher than it was in 1950.
- If you divide 2,687 by 983, this shows that homes are 273.35% larger today than they were in 1950.
- If you divide $231,000.00 by 2,687, this is $85.97 per square foot in 2015.
- If you divide $78,769.79 by 983, that would be $80.13 per square foot in 1950.
- Buy a smaller house you fat fucking bastard.
If anything, the difference should be even smaller because:
- If the median value could be found for 1950, presumably something something insert wealth gap argument here, which you fucking commies already accept as true, so it would be a waste of time to spell this out explicitly.
- The median house value is from 2019, but the average (and median) square footage information is from 2015; if the trend of people continuing to buy larger houses over time continues (and/or if the median home value has risen since 2015), that value may be higher in 2019 than in 2015.
Re: Also, the median household income in current year is 175.23% of what the median household income was in 1950 after adjusting for inflation.
The end. Please stop being wrong on the Internet.
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Also, you can literally buy 20 acres of land in the forest in Montana, which comes with both a cabin (no plumbing) and a fence surrounding the property, at a $50,000 listing price.
Sir, I can do you a nice SEO.
Also, interest rates seem to be substantially lower for mortgages in current year than in the past:
- Average mortgate interest rate in 2018: 4.54%
- Average mortgate interest rate in 1971: 7.54%
Although the data from these URLs (and basically all of the other mortage rate data that shows up in search results) only goes back to the start of the 1970s.
Sir, I can do you a nice SEO.
"THAT DOG IS GETTING RAPED" - Terry A. Davis
I bought a bigger house and now my worker search to hit me.
I placed a bomb beside the mcmansion
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