I had exactly this same argument with the same points with a liberal friend on Facebook and yes he did block me for a time. Kudos for nailing social media arguments exactly.
@Jonnathan Crane No untrue, i have a formerly pretty liberal Friend, who i regularly discussed politics with during lunch break, mostly total disaggreements. He didn't do a 180, but over time he became way more to the centre now...
Just did some calculations of the average rent vs the average income like you suggested... Average Rent is $1,405 per month. Average Household Income is $56,516. Divide that by 12, and we get $4710 per month. So, if we subtract the average wage from the average income, we get $3,305. *Americans, on average, make nearly two and a half times the income they need for rent.* Interesting. Also, totally agreed. Using a metric like "average" for a place like America is very unwise.
@@stopreadingmyusernamebroth9090 I didnt mean that in a literal sense. He didnt minus state and federal taxes on the income. He said American Make $3,304 a month but never mentioned taxes, health care, 401k, other deductions. That $3,304 is net pay. You dont see that money in each check. It's probably close to $2400 gross
Halvos Not in this one, I don’t think. In his last 2 or 3 videos, he would take the video down because he found a minor spelling error, and re-upload it when the error was fixed.
I don't want to change your mind. You're right. Mean rents can and always will be skewed to make rents look different than they actually are. The median is a more reliable metric, although still vulnerable to malfeasance. If our oligarchal elites would benefit instead from making rents look like they're at an all-time low, you bet they'd be skewing the data that way.
You should give this article a read. I personally disagree with how much the author plays down the importance of implementing legislation in order to encourage a societal shift in gender roles but I trust they’re making a legitimate good faith effort to address the claim rather than fast talking there way past it. fee.org/articles/truth-and-myth-on-the-gender-pay-gap/
I love how well these are done. Explaining complex issues in short and easily understood manner. While providing sources for those who are interested on the issue on much deeper level.
"for your rent to be 25% of your income" If you need thrice your rent payment to cover other expenses, your personal budgeting skills are atrocious. I dedicated 60% of my income to mortgage payments (half of which was voluntary additional principal payments) and owned my home in under 8 years at age 32.
Mortgage and rent are not the same thing. A mortgage is an investment of sorts and it makes sense to put a significant amount of income towards it. Rent is typically for younger people who are still getting established and probably need to put their income towards saving, investing and taking risks for the sake of improving themselves (i.e. career changes, opening a small business, experimenting with a side hustle, etc.)
@@JessiD618 You make a good point, but in practice I think we know that most young people aren't saving and investing. Women spend like there's no tomorrow because they vaguely expect to marry a man's paycheck at some point, and men have to demonstrate their willingness to spend in order to attract women.
@@palaceofwisdom9448 Hahahahahaha. You're funny. I'm far better with money than my husband is and have always saved since I was little. You hang out with the wrong women.
@@Dekunutcase I'm gonna agree with you to some extent, but as i look at the people who complain about not making enough money/things being too expensive, 99.99% of them budget like mommy and daddy still pay the bills. One of my coworkers was bitching that our 15/hr job should raise our wages to 'at least 30 an hour' because he can barely pay rent. His roommate who also works there, yelled at him that he hasnt paid his quarter of the rent in three months, and and that MAYBE if he stopped blowing half his paycheck on video games and cigarettes, he wouldnt be so strapped for cash. Meanwhile another coworker is upset she didnt get a raise because she called out 87 days last year. (at 4 days a week for our schedule this means she called out close to 2 days half of her scheduled days) So its not really as much a gender thing as an 'under 25' thing.
I love how in all your videos, you embrace the Libertarian sterotype of a pedantic nitpicker who shows up wherever he's not wanted to kill the vibe of bloviating emotional Liberals who are more interested in gaining social virtue points rather than creating real solutions to problems. Self awareness and the willingness to laugh at oneself is so often missing in this stuff.
My city is growing. They've built thousands of more apartments in the downtown area where many of the jobs are located, but they are trying to sell/lease them to the younger professionals. Therefore priced way out of most of the working people's price range. A lot of building going on just outside of the city, but these too are priced as high as in the city. For more affordable housing people are having to live 30 - 60 miles from where the jobs are located. No dependable public transportation system so the money saved is eaten up by gas and higher auto insurance rates due to the mileage and having to live in higher crime neighborhoods. I'm all for the free market, but damn I'd like to know there will always be an affordable place to rent near where I work.
Exactly. The real problem isn’t an increase in minimum wage, it’s an increase in supply and demand. If you support an easement in zoning laws and increase in available apartments, duplexes and houses, demand will go down, competitive prices will go up (while still covering utilities and other expenses of course), and supply will increase. An increase in the minimum wage will only result in the further devaluing of the American dollar.
@@davitdavid7165 Was actually going to post what you stated. As someone who views themselves as a "Moderate Left" I disagree alot with Seamus on many topics. I still like to watch his videos to hear the Libertarian arguement, because I don't like echo chambers. We all need to stop saying X and Y about the "Left and Right" and instead focus on a middle ground so we can FIND that solution that makes sense.
@Mr. 8-Bit Doggo Video was fine and I know this is late but it IS a libertarian think tank devoted to libertarian ideals. That doesnt make it wrong, but it does still have a bias
I started at minimum wage (in MI) and within 2 months i had already gotten a raise and got to $11 an hour after just 6 months. Its not hard to male more the minimum wage if you actually try at your job
I had this VERY discussion just last month. When I asked what their rent was, I suggested that they move since some places had much lower costs of living. Someone from overseas asked how much money people made in the US to gauge viability of income. Frisco & NYC folks said that I was lying that a 2 bedroom apt cost $700/mo in Indiana. Craigslist was lying too.
Just get up and move huh. That's your solution? Jobs are not easy to come by and to suggest that we can just move and hope to find a job when you get there is absurd.
@@petelee2477 1) I've done exactly that SEVERAL times in my life w wife and kids. It's better to find a job or a cheap place to live before moving, but sometimes the fire is better than staying in the pan. 2) "Jobs are not easy to come by" ... where you're at. If you're flexible on what you do or where you can do it, then be flexible. Not everywhere or every company is having the same struggles. Some companies THRIVE in down cycles. 3) The target of my statement was on the price of things in different places and how incomes don't translate well. I've heard lots of horror stories of Californians making $500k in combined household income and still not being able to afford their apartment, food, insurance, etc. Thus they balk at "low" salary offerings in red "flyover" states without realizing the much lower cost of living that goes with in. How would your life change if your house payment (not rent) was less than $1,000/mo? 4) You know where you're at and the situation you're in. Only you can make the determination if you can survive the present distress or not. Sometimes the best you can do for your mental health is to just let go of all the stressful stuff you're holding onto. If your life's road is moving away from where you're at, it might be time to look for the exit.
I was on Facebook today. And all the points my friend made about how socialism is the best solution was problems created by the government and I just laughed because I knew it from channels like this one. Thank you!
I've had problem with legal maximums on occupants to a place; if I cant afford a effianciancy and i cant have a roommate then I'm screwed, and it only really became affordable finding a 2 bedroom with a need to find 3 people to help with the Bill's, which just seems impossible since I dont know that many people to be roommates with
The problem is high rent. What as you said can be fixed with more development, but also fixing the broken system of using rent to make the property value higher, like in NYC where a lot of mortgages require high rent to evaluate properties higher to be safe investments
Canadian here, and coverting the suggested numbers to CAD, we get very similar numbers. The rent prices are still total bull crap, though that's partly because the price of _everything else_ makes it hard to get to that 25%..
I agree with Bob on living with other people. There’s always something that keeps your roommate from paying their fair share. I know that not everyone is like that, but there are a lot of people that do.
I like your point on relaxing zoning laws. I also think that we should abolish parking minimums so we can reuse land for parking lots for more business space and permit mixed use development so some people can afford to walk to work and further reduce expenses!
I Would like to add the 3% mentioned in this video 1. *Had no source attributed, (Fox, Cnn, Pew?) And 2. Includes part-timers. As a part-timer myself, getting a Full-Time position has not been offered (AVAILABLE) in my company for 2 years. Still need the income though. FT means you get benefits and thats something many companies dont or cannot afford.
Alright, ill prepare myself. Im a dutch lefty, you cant imagine how left that would be in america. I watch these videos te be informed about the other side of the debate. In that vein i have a question. And hope for an open discussion. I found a random example: oliver gaudet makes 150.000 per year. For being on the board of a beer and softdrinks organisation. Fulltime job. A average job within the company is a buddweiser merchandiser, fulltime. It makes 24.000 that is right on your federal poverty level. Oliver is on the board and has no significant risk. He did not help set it up or put up major investments. Yet he gets more than 6 times the wage of this average worker. I would not plead for a minimum wage, i would plead for a max multiplyer. The merchandiser is not the least earning wage. The company is doing well. 5.6 biljon net income. I would plead that the highest earner should not be payed more than 4 times the lowest wage. If the company does well, you can reinvest, hire more staff, lower the workload, or raise all wages. What do you guys think, is there a multiplyer that would be fair in your eyes. Im curious.
Notes* 1.i get that the guy has a better education thats why i believe he earns more. 2. Maybe a straight multiplyer doesnt work and a formula needs to be inserted that takes account of the amount of people in a certain wage range. Oliver isnt the only one on the board, maybe all the wages of the board should be compared to the total of merchandiser wages. If you have thoughts on this please let me know. 3. I have no problem with this company i chose one at random to show that its an systemic problem and this one is far from the worst. 4. No, one doesnt have to stay at this position but because its a middle class position i expect most will, there is no chance everyone will climb higher. 5. My sources wallmine.com/nyse/bud/officer/878782/olivier-goudet www.indeed.com/salaries/Merchandiser-Salaries-at-Budweiser
I too have a random example: Bill Gates, upon reaching $1bil in wealth decided as obscene as that is, and far more than anyone deserves, and far more than anyone can spend, closed down Microsoft to show that he is pretty woke after all. While this helped the looters out briefly, hundreds of thousands summarily lost their jobs and hundreds of millions now have a large paperweight that used to be a functioning computer. Good for you Bill, you have a heart after all. Oh wait, he went on to amass $79bil more giving billions of people more goods and services they voluntarily wanted more than their money. How unfair!
Another thing to consider is cost of living, and Seamus makes a great point, rent is lower in so many areas even within a state, if you don't think you can work a better job and can only work at McDonald's, take your experience out of NYC, Chicago, or California into a cheaper place that would LOVE to have you and where your wage goes further. Even companies are figuring this out, instead of moving overseas, they move headquarters/other jobs to cities with lesser taxes and regulations, and the beauty of this is that even though they're paying people less money, it's still a lower cost of living for many of the employees so they're happier still anyway, so everyone is happy. Pabst Blue Ribbon is a good example, they were founded in Milwaukee, WI, but moved to California in the 1980's, since then they've slowly but surely moved back to Milwaukee because of the high taxes and regulations of California, as well as the constant drought issues California has compared to Lake Michigan for water supply for the brewery. I don't remember this company, but one company moved their headquarters from NYC to Utah of all places, they were paying people close to $200k a year in NYC due to taxes and cost of living, but in Utah they could pay a quarter of that, and their work force was much happier than compared to NYC. It's the age old saying, buy low, sell high. If more companies and people in general knew this then most of the housing issues in America would be moot anyway. People are trying to move to NYC, Chicago, California, Florida, or Seattle whether it's because lucrative industries, weather, or hell lets face it propaganda, how often do we see these places in the media as if they're the places to be? America is a HUGE place, and we can afford to spread out if we have to, there are many cities in America that are wanting people to either come back or just come in in general. Hell even Rich people should take advantage of this, go on realtor.com and compare mansions between any county in the US to those 5 places, those 5 places mansions I've seen as expensive as $250 million, anywhere else in America the biggest/luxurious mansions at most go for $10m. Does my mansion need to be worth $250m to be happy? Hell no, if I can get a mansion for say $2m and have the same luxuries as those 5 places, I would do that in a heartbeat. Besides, when it comes to those 5 places, rich people have something that most of us can't afford, travel. They can visit the mountains/beaches/biggest cities any time they like thanks to private jets/helicopters, and thanks to technology, they can skype their business from home in case of emergency business, so that the only time a rich person needs to go to the city is for the most important meetings. How much money am I actually saving by doing this instead of living in an expensive city/state? It's the same thing with medical care, there's a meme where it is cheaper to take spanish lessons, fly to Spain, get both of your knees replaced, and fly back than to do it here in the US on 1 knee, and before you say is Spain's healthcare better quality than the US? They can be equal quality! People have to be smarter with their money in general, not just in investing, but understanding costs and where you can spend less money when you have to.
What is easy zoning laws?, also how is the quality of the house not affecting the price, and the time it took to make it, and actual quality? can someone please explain this.
I shared this on facebook, here is a response (for which I dont know how to respond if there even can be one): "Cost of living and wages is a never-ending loop of bad. We cannot win. So either society collapses or we find a better way."
they ignore that there are ways to lower cost of living. their assessment is simply that cost of living only raises. video mentioned roommates help for example. since personal relationships are messy especially with people you live with they aren't up for that. so they don't like the idea of burden sharing with real people rather than the faceless nation wide "everybody" that they don't have to deal with personally. they're left with technological and process efficiency advancement as a slow march that they ignore as progress in their thoughts about cost of living." TVs and Microwaves weren't always this cheap. you think a Big A 4k smart tv for under 400 bucks was always a thing? the better way is capitalism with social responsibility and the guts to admit most of us are spending money on crap we don't really need. personally i am a bit anti-monopoly and pro competition in the marketplace but that's something to debate later. i'm certainly not for paying a taco bell employee $15 an hour when they can't even give me all of my dang chalupas.
Also, people often pay considerably more than 25% of their income for rent. 1/3 or more is common in large cities, as I understand it, and isn’t some kind of huge burden (I’ve paid more than that for rent). Using that number the “required” income drops to about $26/hour.
Well if Bob counts as a Seamus, then we have a holy trinity of Seamus. Bob is not human Seamus, human Seamus is not cloud Seamus, and cloud Seamus is not Bob, but all are equally Seamus.
Ohio's actual average is even lower than the mean shown on the US map (as I'm sure is the case with many states) because of our large cities like Columbus or Cleveland. The average rent for the population that lives outside major city centers is usually $300 (for an apartment) to $500 (for a whole house) monthly. In fact, as an anecdote most people I grew up with (a forgotten heroin/meth rust belt town) now are considered extremely successful and live quite comfortably making less than $11/hr.
Rents are artificially high due to central bank interventions. The Fed purchased $1.25 trillion in mortgage-backed securities, not to mention the effect of its zero/negative real interest rate policy. Why shouldn't huge financial firms like Blackrock enter the housing market, when there is an implied central bank backstop? If the market tanks they can offload bad paper to the Fed at mark-to-fantasy valuations. Of course, this is to some extent a global phenomenon, and global credit is blowing real estate bubbles in metropolitan markets worldwide.
What would most certainly reduce house prices (for buying rather thasn rental) is if corporations are not allowed to be landlords and if one can't get a mortgage on a house one doesn't even own yet.
But also where i live they tore down many decent apartments that cost like 600 a month for a 1br1b to build boutique living so even though theres 2-3 as many units jammed in the same area rent is like 1400 for a similar sized place with less privacy or even worse for where i grew up, 10 years ago 750 dollars for a 3 bedroom unit vs last year 1600 for a studio Changing zoning laws isnt going to fix any of that :/
@@shuu4869 There are other factors involved like inflation banks being exempt from property taxes so they squirrel them away for the best price and a tax write off as "Losses" from maintenance.
@@Barskor1 i mean 10 years inflation (or heck the transformation happened in like 5 honestly) shouldn't double the price of anything, but yeah the "losses" writeoffs definitely dont make them mind the rate of vacancies from the high rent. Also i didnt know banks were exempt from property taxes, so i learned something new today :)
Gotta say, I never liked Seamus all that much, but Not Seamus really speaks to me.
I ah-gree with that.
Gotta be the stache
And that's not to mention the obvious flaw of measuring a minimum butt implant against an average butt implant.
"You said you'd stop talking about those!"
I had exactly this same argument with the same points with a liberal friend on Facebook and yes he did block me for a time. Kudos for nailing social media arguments exactly.
Lol sure you did Travis.
Keep rocking back and forth in the corner buddy!
Travis Wald Engaging in political arguments over social media...now there was your first mistake.
@Jonnathan Crane No untrue, i have a formerly pretty liberal Friend, who i regularly discussed politics with during lunch break, mostly total disaggreements. He didn't do a 180, but over time he became way more to the centre now...
@@merkypokoberky2771 You lack the qualifications to exercise free will
Just did some calculations of the average rent vs the average income like you suggested...
Average Rent is $1,405 per month. Average Household Income is $56,516. Divide that by 12, and we get $4710 per month. So, if we subtract the average wage from the average income, we get $3,305.
*Americans, on average, make nearly two and a half times the income they need for rent.*
Interesting. Also, totally agreed. Using a metric like "average" for a place like America is very unwise.
Note also that typically, financial advisers suggest trying to keep housing costs to about 25% of total income. This is pretty close, at 29%.
@@FEEonline Indeed. Certainly not ideal, but definitely manageable.
Then take taxes away.....
@@johnnywaffles2482 well that also depends widely state from state and also why I am in favor of smaller taxes for all people
@@stopreadingmyusernamebroth9090 I didnt mean that in a literal sense. He didnt minus state and federal taxes on the income. He said American Make $3,304 a month but never mentioned taxes, health care, 401k, other deductions. That $3,304 is net pay. You dont see that money in each check. It's probably close to $2400 gross
Here before Seamus takes the video down for a minor spelling error that nobody cares about.
Lol this is so true though XD
Hey, I appreciate his attention to detail like that. He ain't runnin' no slipshod racket here.
I am pretty sure any spelling error in this episode is intentional :P
There was a spelling error?
Halvos Not in this one, I don’t think. In his last 2 or 3 videos, he would take the video down because he found a minor spelling error, and re-upload it when the error was fixed.
I want a video where Bob shows us everything he's learned
that'd be a very short video :P
Then get ready for a video with just the word “NOTHING” on the screen.
“Seamus is a meanie poo poo head END OF STORY”
Basically the entirety of Bob to the Future
Bob will be trained by Seamus to save the country during a long civil war.
"Is there no escaping this pedantic crank?"
"No."
Furry!
Yes. I am, in fact, a furry.
Fury!
@@JojoWolfcat can I petz? :3
@@peteynutt4104 ew no get away from me you nasty FURRY
Nah jk of course you can *petpetpet*
Love the ending, Seamus.
Average rent is the wage gap of real estate, change my mind.
I don't want to change your mind. You're right. Mean rents can and always will be skewed to make rents look different than they actually are. The median is a more reliable metric, although still vulnerable to malfeasance.
If our oligarchal elites would benefit instead from making rents look like they're at an all-time low, you bet they'd be skewing the data that way.
You should give this article a read. I personally disagree with how much the author plays down the importance of implementing legislation in order to encourage a societal shift in gender roles but I trust they’re making a legitimate good faith effort to address the claim rather than fast talking there way past it.
fee.org/articles/truth-and-myth-on-the-gender-pay-gap/
@@MorbidSlinky This video was about the affordability of rented housing.
I love how well these are done. Explaining complex issues in short and easily understood manner. While providing sources for those who are interested on the issue on much deeper level.
"for your rent to be 25% of your income"
If you need thrice your rent payment to cover other expenses, your personal budgeting skills are atrocious. I dedicated 60% of my income to mortgage payments (half of which was voluntary additional principal payments) and owned my home in under 8 years at age 32.
Do this if you can manage it. Don't put it off until you're older and tired and your time is stretched thin, because it just won't happen.
Mortgage and rent are not the same thing. A mortgage is an investment of sorts and it makes sense to put a significant amount of income towards it. Rent is typically for younger people who are still getting established and probably need to put their income towards saving, investing and taking risks for the sake of improving themselves (i.e. career changes, opening a small business, experimenting with a side hustle, etc.)
@@JessiD618 You make a good point, but in practice I think we know that most young people aren't saving and investing. Women spend like there's no tomorrow because they vaguely expect to marry a man's paycheck at some point, and men have to demonstrate their willingness to spend in order to attract women.
@@palaceofwisdom9448 Hahahahahaha. You're funny. I'm far better with money than my husband is and have always saved since I was little. You hang out with the wrong women.
@@Dekunutcase I'm gonna agree with you to some extent, but as i look at the people who complain about not making enough money/things being too expensive, 99.99% of them budget like mommy and daddy still pay the bills.
One of my coworkers was bitching that our 15/hr job should raise our wages to 'at least 30 an hour' because he can barely pay rent.
His roommate who also works there, yelled at him that he hasnt paid his quarter of the rent in three months, and and that MAYBE if he stopped blowing half his paycheck on video games and cigarettes, he wouldnt be so strapped for cash.
Meanwhile another coworker is upset she didnt get a raise because she called out 87 days last year. (at 4 days a week for our schedule this means she called out close to 2 days half of her scheduled days)
So its not really as much a gender thing as an 'under 25' thing.
The ending caught me so off guard oh my lord 😂
I don't remember subscribing to you, but I'm staying subbed. I like this.
I love how in all your videos, you embrace the Libertarian sterotype of a pedantic nitpicker who shows up wherever he's not wanted to kill the vibe of bloviating emotional Liberals who are more interested in gaining social virtue points rather than creating real solutions to problems. Self awareness and the willingness to laugh at oneself is so often missing in this stuff.
I’m not the only one who would want a civil conversation with Shamus and Not Shamus, right?
No, your not. I disagree with him on almost every point I've seen him make and that's specifically why I'd be glad to talk with him.
I'd love to see what he has to say on a number of subjects.
My city is growing. They've built thousands of more apartments in the downtown area where many of the jobs are located, but they are trying to sell/lease them to the younger professionals. Therefore priced way out of most of the working people's price range. A lot of building going on just outside of the city, but these too are priced as high as in the city. For more affordable housing people are having to live 30 - 60 miles from where the jobs are located. No dependable public transportation system so the money saved is eaten up by gas and higher auto insurance rates due to the mileage and having to live in higher crime neighborhoods.
I'm all for the free market, but damn I'd like to know there will always be an affordable place to rent near where I work.
"Oh. Em. Gee as in GOODNESS!" XD that was amazing
“Is there no escaping this pedantic crank?”
“No”
I laughed more than I care to admit at this.
We. Need. More. Of. These!
Faulty 👏 meme 👏 review 👏
I think this should be a recurring series
Exactly. The real problem isn’t an increase in minimum wage, it’s an increase in supply and demand. If you support an easement in zoning laws and increase in available apartments, duplexes and houses, demand will go down, competitive prices will go up (while still covering utilities and other expenses of course), and supply will increase. An increase in the minimum wage will only result in the further devaluing of the American dollar.
My biggest concern is how difficult it is to be a single-income family. My wife and I wish she could be a house spouse and stay home with the kids.
0:45 eyy, look aty idaho spreadin the word :sunglasses: :ok_hand:
Did you know the term "Black power" actually refers to electrical generation by burning black fuel like coal and petroleum oil?
Proud Idahoe here. 😎
Kaylee Dalton li is best liberal
I wish to have a friend like that to explain to me all that stuff.
Bob is actually the reason I don't want room mates.
wonderful as always.
Greetings from Israel!
bar363363
((( Edgy joke about Israel )))
how flanking dare you actually make sense and provide solutions that make sense for everyone
"I DON'T WANT SOLUTIONS THAT MAKE SENSE! I WANT TO BE ANGRY AT THE SYSTEM!" far left in a nutshell
Every extreme in a nutshell
@@davitdavid7165 True
@@davitdavid7165 Was actually going to post what you stated. As someone who views themselves as a "Moderate Left" I disagree alot with Seamus on many topics. I still like to watch his videos to hear the Libertarian arguement, because I don't like echo chambers. We all need to stop saying X and Y about the "Left and Right" and instead focus on a middle ground so we can FIND that solution that makes sense.
@@TheFrozenMoogle i found intelegent life! Hell yeah!
Intelligent* Life :3
2:07 M. Night Shamalan couldn’t make a plot twist like this...
I’m a leftie who usually disagrees with you, but I very much agree with u on this one
@Mr. 8-Bit Doggo Video was fine and I know this is late but it IS a libertarian think tank devoted to libertarian ideals. That doesnt make it wrong, but it does still have a bias
Just out of curiosity, in what type of things do you disagree with him?
I started at minimum wage (in MI) and within 2 months i had already gotten a raise and got to $11 an hour after just 6 months. Its not hard to male more the minimum wage if you actually try at your job
YAY SEAMUS IS BACK!!!
I had this VERY discussion just last month. When I asked what their rent was, I suggested that they move since some places had much lower costs of living. Someone from overseas asked how much money people made in the US to gauge viability of income. Frisco & NYC folks said that I was lying that a 2 bedroom apt cost $700/mo in Indiana. Craigslist was lying too.
Just get up and move huh.
That's your solution? Jobs are not easy to come by and to suggest that we can just move and hope to find a job when you get there is absurd.
@@petelee2477
1) I've done exactly that SEVERAL times in my life w wife and kids. It's better to find a job or a cheap place to live before moving, but sometimes the fire is better than staying in the pan.
2) "Jobs are not easy to come by" ... where you're at. If you're flexible on what you do or where you can do it, then be flexible. Not everywhere or every company is having the same struggles. Some companies THRIVE in down cycles.
3) The target of my statement was on the price of things in different places and how incomes don't translate well. I've heard lots of horror stories of Californians making $500k in combined household income and still not being able to afford their apartment, food, insurance, etc. Thus they balk at "low" salary offerings in red "flyover" states without realizing the much lower cost of living that goes with in. How would your life change if your house payment (not rent) was less than $1,000/mo?
4) You know where you're at and the situation you're in. Only you can make the determination if you can survive the present distress or not. Sometimes the best you can do for your mental health is to just let go of all the stressful stuff you're holding onto. If your life's road is moving away from where you're at, it might be time to look for the exit.
LOVE this man.
I was on Facebook today. And all the points my friend made about how socialism is the best solution was problems created by the government and I just laughed because I knew it from channels like this one.
Thank you!
Seamus is my spirit animal.
I've had problem with legal maximums on occupants to a place; if I cant afford a effianciancy and i cant have a roommate then I'm screwed, and it only really became affordable finding a 2 bedroom with a need to find 3 people to help with the Bill's, which just seems impossible since I dont know that many people to be roommates with
> using alt to correct people on politics
My man
The problem is high rent. What as you said can be fixed with more development, but also fixing the broken system of using rent to make the property value higher, like in NYC where a lot of mortgages require high rent to evaluate properties higher to be safe investments
"I don't want solutions that make sense! I want to be angry at the system!"
Yeah, I feel like that was the only thing the video needed to say.
"I like how Not Seamus thinks." I always like that gag. Good work Seamus.
That plot twist was worthy of Shyamalan himself
Canadian here, and coverting the suggested numbers to CAD, we get very similar numbers.
The rent prices are still total bull crap, though that's partly because the price of _everything else_ makes it hard to get to that 25%..
I agree with Bob on living with other people. There’s always something that keeps your roommate from paying their fair share. I know that not everyone is like that, but there are a lot of people that do.
This is getting out of hand, now there are two of them
We should not have made this bargain.
THIS IS SO ACCURATE! Ah that Social Media Debate Life.
I like this format. :) It's like listening to a real-time Facebook conversation!
If I ever do become a professor, this shit is gonna be the stuff I show the class every morning.
And your class would be smarter for it.
Missed opportunity: it ain’t much, but it’s honest work
What the HELL Bob?!
$1400?
Someone who lives in California: Hahahahaha!
Social networks in a nutshell
Another great video 🙂
I like your point on relaxing zoning laws. I also think that we should abolish parking minimums so we can reuse land for parking lots for more business space and permit mixed use development so some people can afford to walk to work and further reduce expenses!
0:46, why is Massachusetts and Vermont the same state? lol
This is one of my favorites
I Would like to add the 3% mentioned in this video 1. *Had no source attributed, (Fox, Cnn, Pew?) And 2. Includes part-timers. As a part-timer myself, getting a Full-Time position has not been offered (AVAILABLE) in my company for 2 years. Still need the income though. FT means you get benefits and thats something many companies dont or cannot afford.
So you’re saying even part timers who make minimum are only 3% of all earners? How is this detracting from his argument?
1:56 that one was perfect! xD
Alright, ill prepare myself. Im a dutch lefty, you cant imagine how left that would be in america.
I watch these videos te be informed about the other side of the debate.
In that vein i have a question. And hope for an open discussion.
I found a random example: oliver gaudet makes 150.000 per year. For being on the board of a beer and softdrinks organisation. Fulltime job.
A average job within the company is a buddweiser merchandiser, fulltime. It makes 24.000 that is right on your federal poverty level.
Oliver is on the board and has no significant risk. He did not help set it up or put up major investments.
Yet he gets more than 6 times the wage of this average worker.
I would not plead for a minimum wage, i would plead for a max multiplyer. The merchandiser is not the least earning wage. The company is doing well. 5.6 biljon net income.
I would plead that the highest earner should not be payed more than 4 times the lowest wage.
If the company does well, you can reinvest, hire more staff, lower the workload, or raise all wages.
What do you guys think, is there a multiplyer that would be fair in your eyes. Im curious.
Notes*
1.i get that the guy has a better education thats why i believe he earns more.
2. Maybe a straight multiplyer doesnt work and a formula needs to be inserted that takes account of the amount of people in a certain wage range. Oliver isnt the only one on the board, maybe all the wages of the board should be compared to the total of merchandiser wages. If you have thoughts on this please let me know.
3. I have no problem with this company i chose one at random to show that its an systemic problem and this one is far from the worst.
4. No, one doesnt have to stay at this position but because its a middle class position i expect most will, there is no chance everyone will climb higher.
5. My sources
wallmine.com/nyse/bud/officer/878782/olivier-goudet
www.indeed.com/salaries/Merchandiser-Salaries-at-Budweiser
I too have a random example: Bill Gates, upon reaching $1bil in wealth decided as obscene as that is, and far more than anyone deserves, and far more than anyone can spend, closed down Microsoft to show that he is pretty woke after all. While this helped the looters out briefly, hundreds of thousands summarily lost their jobs and hundreds of millions now have a large paperweight that used to be a functioning computer. Good for you Bill, you have a heart after all.
Oh wait, he went on to amass $79bil more giving billions of people more goods and services they voluntarily wanted more than their money. How unfair!
Not having any roommates is pretty awesome.
I literally had a conversation about this last week.
Seamus my man, hola from Ireland
I like how Not Seamus was actually not Seamus
0:44 Idaho’s average rent...
"I don't want solutions that make sence" lol that's every lefty I meet
Here before 5 comments. Give me a heart. I DEMAND IT.
Damn entitled socialist snowflake! Just kidding.
Ok.
@Kurt Johnson HA HA.
@@FEEonline thx m8.
Just go to Canada. They will you a crappy one in about a year, but at least it’s free.
Haha the ending was very clever
I want a play list of all of these videos.... Last I looked I didn't find one.
0 Dislikes; the stars are aligned.
To quote They Might Be Giants . . ."MINIMUM WAGE!!!! HEEYAA!"
Another thing to consider is cost of living, and Seamus makes a great point, rent is lower in so many areas even within a state, if you don't think you can work a better job and can only work at McDonald's, take your experience out of NYC, Chicago, or California into a cheaper place that would LOVE to have you and where your wage goes further. Even companies are figuring this out, instead of moving overseas, they move headquarters/other jobs to cities with lesser taxes and regulations, and the beauty of this is that even though they're paying people less money, it's still a lower cost of living for many of the employees so they're happier still anyway, so everyone is happy.
Pabst Blue Ribbon is a good example, they were founded in Milwaukee, WI, but moved to California in the 1980's, since then they've slowly but surely moved back to Milwaukee because of the high taxes and regulations of California, as well as the constant drought issues California has compared to Lake Michigan for water supply for the brewery.
I don't remember this company, but one company moved their headquarters from NYC to Utah of all places, they were paying people close to $200k a year in NYC due to taxes and cost of living, but in Utah they could pay a quarter of that, and their work force was much happier than compared to NYC.
It's the age old saying, buy low, sell high. If more companies and people in general knew this then most of the housing issues in America would be moot anyway. People are trying to move to NYC, Chicago, California, Florida, or Seattle whether it's because lucrative industries, weather, or hell lets face it propaganda, how often do we see these places in the media as if they're the places to be? America is a HUGE place, and we can afford to spread out if we have to, there are many cities in America that are wanting people to either come back or just come in in general.
Hell even Rich people should take advantage of this, go on realtor.com and compare mansions between any county in the US to those 5 places, those 5 places mansions I've seen as expensive as $250 million, anywhere else in America the biggest/luxurious mansions at most go for $10m. Does my mansion need to be worth $250m to be happy? Hell no, if I can get a mansion for say $2m and have the same luxuries as those 5 places, I would do that in a heartbeat. Besides, when it comes to those 5 places, rich people have something that most of us can't afford, travel. They can visit the mountains/beaches/biggest cities any time they like thanks to private jets/helicopters, and thanks to technology, they can skype their business from home in case of emergency business, so that the only time a rich person needs to go to the city is for the most important meetings. How much money am I actually saving by doing this instead of living in an expensive city/state?
It's the same thing with medical care, there's a meme where it is cheaper to take spanish lessons, fly to Spain, get both of your knees replaced, and fly back than to do it here in the US on 1 knee, and before you say is Spain's healthcare better quality than the US? They can be equal quality!
People have to be smarter with their money in general, not just in investing, but understanding costs and where you can spend less money when you have to.
I will report you!!!1! 😂😂😂
What is easy zoning laws?, also how is the quality of the house not affecting the price, and the time it took to make it, and actual quality? can someone please explain this.
"it's easy for people to manipulate statistics"
hmmmmm
Im in Illinois and I have a three bedroom house w a full basement and pay only $600 a month
When will Bob ever learn?
I shared this on facebook, here is a response (for which I dont know how to respond if there even can be one):
"Cost of living and wages is a never-ending loop of bad. We cannot win. So either society collapses or we find a better way."
they ignore that there are ways to lower cost of living. their assessment is simply that cost of living only raises.
video mentioned roommates help for example. since personal relationships are messy especially with people you live with they aren't up for that.
so they don't like the idea of burden sharing with real people rather than the faceless nation wide "everybody" that they don't have to deal with personally.
they're left with technological and process efficiency advancement as a slow march that they ignore as progress in their thoughts about cost of living."
TVs and Microwaves weren't always this cheap. you think a Big A 4k smart tv for under 400 bucks was always a thing?
the better way is capitalism with social responsibility and the guts to admit most of us are spending money on crap we don't really need.
personally i am a bit anti-monopoly and pro competition in the marketplace but that's something to debate later.
i'm certainly not for paying a taco bell employee $15 an hour when they can't even give me all of my dang chalupas.
Also, people often pay considerably more than 25% of their income for rent. 1/3 or more is common in large cities, as I understand it, and isn’t some kind of huge burden (I’ve paid more than that for rent). Using that number the “required” income drops to about $26/hour.
Seamus has two forms. His human form and his cloud and floofy form.
(Legit am struggling to figure out on what he is, lol).
Well if Bob counts as a Seamus, then we have a holy trinity of Seamus. Bob is not human Seamus, human Seamus is not cloud Seamus, and cloud Seamus is not Bob, but all are equally Seamus.
If minimum wage doesn't even cover rent how is someone supposed to have money left over for butt implants?
0:45 for people looking for cheaper states to rent in.
Could have used this one last year. Good to have it though. For a similar meme argument. Might have been the same meme.
"It's thankless work." Dammit FEE why did you take this brilliant guy away!? It's HERESY! because he's so good.
Ohio's actual average is even lower than the mean shown on the US map (as I'm sure is the case with many states) because of our large cities like Columbus or Cleveland.
The average rent for the population that lives outside major city centers is usually $300 (for an apartment) to $500 (for a whole house) monthly.
In fact, as an anecdote most people I grew up with (a forgotten heroin/meth rust belt town) now are considered extremely successful and live quite comfortably making less than $11/hr.
Very effective reasoning, well said!
In my city basic rent for a one bath/bed is 1400 not including utilities O.o er food medicine gas so on
Come to Baltimore and see all these vacant houses not being rebuilt or redeveloped and then tell me easing zoning laws would work.
You're addressing these forlorn minimum wage workers seeking more affordable housing, right? And way does a vacant house need rebuilding?
Seamus Dissects ONE Bad Rent/Minimum wage meme...
Oh no! Our average rent here is 666 😂
I love how one state has average rent of 666
There was a vote to raise taxes were I live.
That passed. Because the voters voted yes.
I think that's the real problem.
Was it Seattle? Because there was a vote there to raise property taxes again. And they wonder why their rents keep going up.
@@GANTZ100pts No, it was in Massachusetts.
Rents are artificially high due to central bank interventions. The Fed purchased $1.25 trillion in mortgage-backed securities, not to mention the effect of its zero/negative real interest rate policy. Why shouldn't huge financial firms like Blackrock enter the housing market, when there is an implied central bank backstop? If the market tanks they can offload bad paper to the Fed at mark-to-fantasy valuations. Of course, this is to some extent a global phenomenon, and global credit is blowing real estate bubbles in metropolitan markets worldwide.
The same phenomenon contributed to the housing collapse a decade ago.
I want more from Not Seamus!!!!
Oh. Em. Gee as in GOODNESS!
This will never get old. At least I hope so, because I am going to use it until the end of time
Just had another person talk about minimum wage today on RUclips
So many pathetic fools that think Minimum wage is a bad thing if it is small.
What would most certainly reduce house prices (for buying rather thasn rental) is if corporations are not allowed to be landlords and if one can't get a mortgage on a house one doesn't even own yet.
Always thought that meme/pic was bunk, but couldn't really describe why.
But also where i live they tore down many decent apartments that cost like 600 a month for a 1br1b to build boutique living so even though theres 2-3 as many units jammed in the same area rent is like 1400 for a similar sized place with less privacy
or even worse for where i grew up, 10 years ago 750 dollars for a 3 bedroom unit vs last year 1600 for a studio
Changing zoning laws isnt going to fix any of that :/
So why not if more housing is built?
@@Barskor1 literally the amount of housing almost tripled but the pricing doubled alongside it
@@shuu4869 There are other factors involved like inflation banks being exempt from property taxes so they squirrel them away for the best price and a tax write off as "Losses" from maintenance.
@@Barskor1 i mean 10 years inflation (or heck the transformation happened in like 5 honestly) shouldn't double the price of anything, but yeah the "losses" writeoffs definitely dont make them mind the rate of vacancies from the high rent. Also i didnt know banks were exempt from property taxes, so i learned something new today :)
How much has the property taxes gone up over the past years? As higher property taxes can also increase rent.
This reads like something really boring but it plays out like a (good)kids show
I just found this. I like that.