BS, but only because "buying a house in a good school district" is MORE BS.
It's a question of incentives. I have a couple friends with trust funds, and a bunch without. The trust fund ones never have any money, because they spend it all immediately. Their savings plans tend to be "use my parents' money to get what I need." None of them have any kind of safety net or plan for what to do if they lose their jobs. (Of course, all of them have jobs and not careers, too.) Personally, I think inheritance should be illegal because of what it does to parents and to kids both.
@Ester Bloom I haven't heard anyone present evidence that they're actually saving money by not paying for contraception? I mean, I'm sure they are, but relative to other line items it seems weird to suggest that they're not religiously sincere.
This is fair as far as it goes, but seems to leave out the 'fucked up small business.' How many people have worked at a restaurant run by a family that skimmed tips, or a small office with a boss who would fuck you over on promotions if you hadn't been nice enough? On the flip side, do you tell your kids to distrust Trader Joe's, too?
This is kind of weird, though, because it's not like there's just "A/C." You can raise and lower the temperature! We have a middle ground here that's not just "leave it running 24/7," you know?
@jalmondale Frankly, if you're paying almost $70k in taxes in CA on $160k income, you need a new damn accountant.
@samburger $10k/month is actually more like a 2 million dollar house. (At 20% down, 5% interest, etc.) To compare, I live in CA with a $2k/month mortgage.
@garli As HelloTheFuture pointed out, I mean the Palms near Culver, not Springs. @HelloTheFuture A friend of mine is paying 650 or 675 for one bedroom in a three bedroom apartment. Not a huge room, but literally half the price of what the person above is talking about.
This is a little misleading. While rent in LA has been growing too fast, she could be paying half that if she moved to Palms and got a roommate.
Sorry, but I've read Marx, and management DEFINITELY isn't labor.