▪️This incredible leap of logic is only possible if you ignore all context. The median income is only relevant if you have a job! In the Great Depression, unemployment reached nearly 25%, so a good portion of the country had no job to buy a house with. Kind of an important detail.
▪️Because of this, home prices plummeted. One estimate has home prices falling 67% from 1929-32, and hovering there for most of the GD. So if you were lucky enough to have a good job, housing was affordable, but obviously this wasn’t ideal. Housing was “affordable” because…so many couldn’t afford them.
https://www.hbs.edu/faculty/Pages/item.aspx?num=41283#:~:text=Abstract,most%20of%20the%20Great%20Depression.
▪️In 1932, 273K people lost their homes. The next year, 1,000 homes were being foreclosed on every day. By 1934, nearly half of all mortgages were delinquent. But hey, median pay to home cost was great!
https://www.atlantafed.org/blogs/real-estate-research/2010/11/15/mortgage-relief-in-the-great-depression
https://www.encyclopedia.com/education/news-and-education-magazines/housing-1929-1941
▪️Also, homes have changed substantially. In the 1930s, homes averaged around 1,000 sq ft. Today, they avg over 2,200 sq ft and come with many more amenities (air conditioning, refrigerator, washer/dryer, etc.) We live in bigger homes with fewer people, a substantial increase in standard of living.
https://247wallst.com/special-report/2019/04/05/the-size-of-a-home-the-year-you-were-born-5/
▪️Today, median personal income is ~$42/yr. So that would equate to a $131K house using the meme’s 32% Great Depression standard. But more relevant, median household income is ~$80k/yr, equating to a $250K home. Guaranteed you’d rather find a home at that price today than the avg house in the 1930s.
https://fred.stlouisfed.org/series/MEPAINUSA646N
https://fred.stlouisfed.org/series/MEHOINUSA646N
As with the leftist freak out over “banned books” this is not banning books, it’s still easy to get Harry Potter and bookstores should be able to limit whatever books they want for whatever reason. But not only does it show a double standard, the rationale is far less justifiable than removing certain content from school libraries. At least there the justification was the content of certain books are inappropriate for children, clearly not every book should be available in a school library. Here, there’s no argument about the content they just don’t like the author’s politics!
Because news came out about his letter to the FBI, revealing he was a nutcase. The letter was rambling and incoherent, claiming he was trained by the US military off the books, and that Walz had instructed him to kill Amy Klobuchar so he could run for Senate. None of it made any sense (Walz is not running for Senate) and none of the assassinations made any sense, even in a diabolical way.
Nearly all of his hit list was Democrats (including Walz) and abortion clinics, but he was supposedly working for Walz?! Plus, one of the guys he killed wasn’t even on his list, and others were no longer in office or deceased. None of it makes sense from any coherent angle.
Basically, it appears the guy was mentally ill and neither the left or right can use the incident to push their agendas anymore, so the story was dropped.
This is so dumb. First, this means LA began as Spanish land founded to support Spanish missions (i.e. colonialism). Which contradicts their entire premise. But the reality is that Los Angeles is a quintessential American city.
▪️When the US acquired California in the 1840s, LA was a small town of less than 2,000 people. It was basically nothing. It became large only after the gold rush and the railroads completed in the 1870-80s, which brought thousands of new settlers and a booming commercial center.
▪️But LA had a major issue limiting its growth, no water. It wasn’t until Mulholland found a water source and built an aqueduct down from Northern California that LA had the infrastructure to grow into a major city.
▪️Then, a combination of oil, real estate and the film industry caused it to boom in the early 1900s. Post WWII, industries like aerospace continued its spectacular growth. Calling this “Mexican land” is a brain dead take. Neither the Mexicans, Spanish nor ...
