It’s time to admit we’re entering a new economic/financial paradigm, and the advice from the 1990s to 2020s no longer applies.

by Unhappy_Fry_Cook

Traditionally “middle class” careers are no longer middle class, you need to aim higher.

Careers such as accountant, engineer, teacher, are no longer good if your goal is to own a home and retire.

It’s no longer good enough to be a middle earner and save 15% of your income if your goal is to own a home and retire.

It’s time for all of us to face the facts, there’s currently no political or economic mechanism to reverse the trend we are seeing. More housing needs to be built and it isn’t happening, so we all need to admit that the strategies necessary to own a home will involve out-competing those around us for this limited resource.

Am I missing something?