All Hollowed Out: The lonely poverty of America’s white working class

Post by tim333 » Thu, Jan 21, 2016, 2:07 AM UTC

vinceguidry wrote: post #197

sangnoir wrote: post #140

Earlier quoted context omitted.

> I hope when all the software and entrepreneurial people on this forum are going through hard times instead of good as we are now we are not judged as harshly as you judge those going through harder times now While the tone is harsh - he has a point on voting against their own interests. I think a similar argument for developer is already being made on HN, concerning taking a pay cut in exchange of worthless common…

> I see no need to sugar-coat calling out poor decision making in any sphere. You can't help someone who consistently acts against their own best interests. At least, not the way you want to help them. All you can do is try to be understanding and work to keep the worst outcomes from happening. We want a policy solution? We could fund more soup kitchens. We help the poor with government programs because the poor are…

Post by spacecowboy_lon » Thu, Jan 21, 2016, 4:00 PM UTC

dpark wrote: post #232

spacecowboy_lon wrote: post #226

Earlier quoted context omitted.

I bet a sv employees buying homes in the Vally who will be paying a large % of their salary on a huge mortgage feel poor.

They shouldn't. It's a rich man's privilege to buy an absurdly expensive home. Poor people don't buy expensive homes, if they manage to buy at all. If you make six figures and are "house poor", it means you're either bad at making financial decisions or you feel the house is worth the sacrifices. Either way you aren't poor and shouldn't feel poor.

Post by 01Michael10 » Thu, Jan 21, 2016, 4:10 PM UTC

zardo wrote: post #281

01Michael10 wrote: post #224

Earlier quoted context omitted.

You really need to define "poor" here. Poor people did NOT take out million dollar mortgages even between the years of 2004 to 2008 in the US. Please stop the ridiculousness of blaming "poor" people for the recent housing collapse.

I didn't lay any blame. But people got in way way over their heads with banks happy to make giant loans with no reason to care if it could be paid back. http://thisamericanlife.org/radio-archives/episode/355/the-g...

Post by JanezStupar » Thu, Jan 21, 2016, 5:54 PM UTC

spacecowboy_lon wrote: post #284

dpark wrote: post #232

Earlier quoted context omitted.

They shouldn't. It's a rich man's privilege to buy an absurdly expensive home. Poor people don't buy expensive homes, if they manage to buy at all. If you make six figures and are "house poor", it means you're either bad at making financial decisions or you feel the house is worth the sacrifices. Either way you aren't poor and shouldn't feel poor.

so us plebs working in sv / london should just tug forelock and say "thank ee kindly Master Frodo for that bag of potatoes" and not get above ourselves.