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Tenderlysharp

Failure To Launch Epidemic

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I read this article this morning and am having some thoughts about the issue of Failure to Launch.  This article complains that children are being coddled, but doesn't suggest much more solution than having a family meal:

https://www.psychologytoday.com/blog/nation-wimps/201612/the-failure-launch-epidemic

 

Competition for resources has made it much more difficult for a young person to own his home.  When you own your home you have a greater drive to keep it.  When most of your energy is being drained to a vampire rent lord you lose ambition.  If the housing industry is being manipulated by realtor vampires, why put all that energy into a middle man between you and the former owner of the home?  When the government is devaluing the dollar to make it look like there are gains in the economy, how can you keep the fruits of your effort?  Why put any effort into feeding the parasites?  Our parents 401K's gain money through rental properties, our parents generation is living off of our generation.  In China three generations live together, and China is now buying up 'investment' property in the US.  Why leave home? 

If you refute my arguments please divulge if you own rental property, and how that is good for the economy.

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I rented many places prior to purchasing my first home at age 27. I rented rooms, shared homes, rented apartments, rented homes. At one time, I bought a trailer/mobile home, where I rented the lot upon which it set. I've also rented out a room in the first house I bought for several years.

In the sense of the economy, these are all examples of mutually beneficial trade.

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Tenderlysharp is completely right: massive intergenerational theft is taking place, and to add insult to injury we're being mocked in so-called "failure to launch" comedies in movies and TV that cater to an older generation audience to get cheap laughs off of us, the ones they have screwed over.

Social Security and Medicare, the massive national debt, large chronic deficits, and the interest that we must pay every year on the debt have robbed us blind, have robbed us of opportunities. This is Objectivists' "baby", or at least it should be. However, far too many prominent Objectivists, such as Dr. Michael Hurd whose blog is mirrored here (the biggest Objectivist forum on the internet), portray us as video-game playing parasites, when in reality we are the ones trying very hard to survive and we are the ones paying for the profligacy of the older generations.

Edited by Dustin86

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Competition for resources does not explain rising house prices. Land-use regulation does. Competition for resources is a constant. Land-use regulation is not.

In a free market, if population is expanding, people have an incentive to provide more housing. New York city in the 1950s is the stock example of rising population, rising housing stock and stable prices. Population is not increasing in the US today at a rate that would explain what's happened to real estate prices, much less in the places where the increase is the greatest - urban, coastal California in particular.

To conflate this with the effects of Social Security and of student loans is to misunderstand the issue seriously. As for ownership, I own up to a refusal to get into ad hominem arguments.

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18 hours ago, Reidy said:

ad hominem arguments

I can see how calling someone a vampire/parasite would not be conducive to a rational debate.  I need to work toward the root of the frustration I was expressing. 

People who vote for socialism are predominantly renters.  Having no personal claim to a piece of this land there isn't much to fight for. 

I am also curious about the power and psychology of the socialists who own the media, who make billions of dollars off of musicians, actors, journalists, artists who only receive a fraction of the profit from their work.  The artists in turn make more work about being victimized out of that frustration, perpetuating the trend toward socialism. 

 

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Property ownership was a requirement for eligibility to vote in the 18th and 19th centuries. Maybe it's due for a comeback.

The fact that artists rarely own media companies is, I suspect, simply a matter of division of labor. Some people are good at music or acting while others are good at running companies. With the internet, musicians can go directly to the public without a middleman, and they've had the option of producing and promoting their own concerts or exhibiting their own paintings, etc. for much longer. Charlie Chaplin, Mary Pickford and so.me other actors got together and founded United Artists in the 1920s. They didn't put MGM out of business.

The artists in any medium who've gotten rich are, just the same, the ones who've worked with record companies, concert promoters, galleries and the like. Maybe they're on to something.

Edited by Reidy

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This issue has become very personal to me.  I don't know if failure to launch is the concise priority in the issue, but a consequence of the philosophical basis of rent not being thoroughly explored.  When I started this thread I was relieved to have just gotten out from under a year contract with a slumlord.  There were so many things they did that were wrong I didn't take the time to fight it.  I just wanted out. 

A few days ago I got a letter from them slapping me with a $2,500 bill for damages they claim I made to the apartment.  As much as I dislike them, I respect property.  I left the place cleaner and in better condition than when I entered. 

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What if owning the place you sleep at night had a substantial impact on the child prodigy speed at which the world has evolved in the last 200 years?  What if rent is dragging us back into the feudalism of the dark ages?

Consciousness and existence are corollaries.  No consciousness without existence, no existence without consciousness.  If you own your self isn't it significant to own your shelter? 

epistemologue likes this

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You may have stumbled upon an overlooked and under exploited market niche: single person dwellings.

To the extent other private parties do not provide what you are looking for in the free market, and to the extent there is a desire by younger persons starting out to work towards ownership rather than pay rent, a small, VERY small detached home may be the unidentified and undersold ideal.

If this sort of thing is something people would want but think to themselves no one else would want it, and hence worry about resale, the market might never get off the ground.  So really, the task is to help change the culture so that people feel more comfortable getting what they want with the knowledge others will be there to buy also when its time for an upgrade.  The builder would need to change the way people think about tiny detached homes.

Persons capable only of more modest livelihoods, who accept their own limits, might indeed settle in a tiny home for life rather than have any plans to buy larger.

Really I think the reason why choices are limited (other than government regulation) is a lack of demand and imagination on the part of consumers who really do drive the market with their pocket books.   

 

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On 2/14/2017 at 9:25 AM, StrictlyLogical said:

a small, VERY small detached home may be the unidentified and undersold ideal.

What makes you think this is an ideal? Young people who need to live cheaply generally get roommates. This seems ideal for a number of reasons.

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What may be ideal for some has nothing to do with what is ideal for me ... or what is ideal for you.

IF you are alleging that very small detached homes are ideal for nobody, please feel free to do so, and provide reasons if you wish.

Edited by StrictlyLogical

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24 minutes ago, StrictlyLogical said:

What may be ideal for some has nothing to do with what is ideal for me ... or what is ideal for you.

This leads to absurdity. Do you believe there are no essentials, no human nature? Is every concrete essentially different from every other, and any generalization or induction is impossible? Doesn't that annihilate objective morality? Who's to say what's right or wrong, it all depends on the person, what's right for you may not be right for me, what's good for Hitler may not be good for the Jews. Was it was still morally right, for him, to try to kill them?

No, we all share in common a human nature, human values, a human moral code, and human ideals. All other things being equal, there is an ideal approach for a young, single person trying to save money. I'd argue for a few reasons that it's better to live with roommates than to live alone in a small, detached home. But if we can't agree that there's any such thing as an ideal, as right or wrong, as human nature, then that discussion is rather pointless.

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Some young people inherit large sums of money, or are wealthy due to gifts, others are poor and/or live only on a small income or on student loans.

Some people prefer independence and their own space, others prefer having a lot of company.

Some people do not like the country, trees, grass, yardwork, mowing grass, shoveling snow, or the complications of running of household, others do not like the noise or the bustle of the city, even though it may be more convenient to live near restaurants and stores and the relatively care free lifestyle of apartment or condo life, would mean more time for leisure.

What is ideal in terms of where we live is context dependent, it does depend upon who you are.  To ignore this fact and insist on a single universal solution is tyrannical, and your invoking Hitler and "the Jews" in response to a post about residential dwelling markets, verges on the insane.

 

 

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8 hours ago, epistemologue said:

No, we all share in common a human nature, human values, a human moral code, and human ideals. All other things being equal, there is an ideal approach for a young, single person trying to save money. I'd argue for a few reasons that it's better to live with roommates than to live alone in a small, detached home. But if we can't agree that there's any such thing as an ideal, as right or wrong, as human nature, then that discussion is rather pointless.

Living along in a small, detached home may save less money than living with roommates, but why does it necessitate attaching it to an ideal, or even right or wrong? I like strawberry rhubarb pie. You may not. Strawberry rhubarb pie may be a little more expensive than apple. Does this make the preference less than ideal, or right or wrong?

In a world where prescriptive law (moral or otherwise) seems preferential to descriptive law, maybe the price differential holds more weight. I'm of the mindset that my taste buds set the objectivity of my preferences with regard to what I eat (obviously setting nutrition and other health related issues aside). In so far as preference goes, I'm willing to concede that you, objectively, may like apple pie more or value your pocketbook more than your taste-bud input, but in so far as matters of personal preference goes,  this moves the matter out of of the realm of prescriptive morality at that point.

Edited by dream_weaver

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