• tygerprints@kbin.social
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    9 months ago

    Part of it is timing and the market also – back in the day my parents and grandparents had a “stock market” meeting where they’d decide what companies to put their money into - they went with IBM and a little known publishing firm called “Marvel.” Both were fledgling organizations back then.

    So, now I’m in my parents’ estate and I was able to retire early (really I didn’t need to work, but I liked my job) and I see how high home prices are for the U.S. now and wonder how new families are ever going to be able to continue to live and find housing in this country.

    • Szymon@lemmy.ca
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      9 months ago

      Especially since those stock market rules keeping it fair don’t exist anymore, and it’s just a cash grab for those at the top when you stop paying attention for a second and then your 3rd “once in a lifetime” crisis hits you again.

    • the_q@lemmy.world
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      9 months ago

      You just 100% described everything wrong with this capitalist bullshit of a system, and you did it without being aware.

      10/10 lack of self awareness. No notes.

      • Copernican@lemmy.world
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        9 months ago

        The poster was sympathetic to how unaffordable shit is. I think they are aware. Yes, they got lucky, but they recognize that and are commenting on how bullshit it is that this type of security is out of reach.

        So, now I’m in my parents’ estate and I was able to retire early (really I didn’t need to work, but I liked my job) and I see how high home prices are for the U.S. now and wonder how new families are ever going to be able to continue to live and find housing in this country.

      • tygerprints@kbin.social
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        9 months ago

        Sometimes it’s just a matter of getting the timing right. My parents had financial advisors, so it wasn’t all just them choosing on their own, but they made good choices. Me, I never had the bravery to buy stocks on faith, but big gains come from big risks.