Financial Independence (Home Ownership, Super, Long Retirement) not possible for wage earners: What do we need and how do we get it?

[qldfrog]

There in lies the solution
More people to spread the costs
Many cultures have done it for years
Asian, Indian , Greek and many more

Investment groups .
Just as business has partners so to can the business of home ownership have partnerships.

Husband and Wife are one of the best and most common!!

And i believe a related point should be added in you list:
We westerner ask for bank loan, buy individual houses etc.
Individuals against the world, the state
But a Chinese for example will often open a business with a family loan, win win with no tax involved, better understanding if any required freeze of reimbursement and lower risks for lender.
Not to mention networking from suppliers, workforce, etc
Community whatever it is can be critical

 

[Value Hunter]

Wages have never been so high

Absolutely false when you are talking about wages in real terms. Ever since President Nikson in the U.S. closed the gold window in 1971 real wages for the bottom 80% have fallen when measured properly for example compared to ounces of gold or house prices etc.

Fiat currency and central banking are the diseases crippling us all. Standards of living won't recover until we return to a sound money system (e.g. gold standards, bitcoin standard, etc).

 

[Value Collector]

Absolutely false when you are talking about wages in real terms. Ever since President Nikson in the U.S. closed the gold window in 1971 real wages for the bottom 80% have fallen when measured properly for example compared to ounces of gold or house prices etc.

Fiat currency and central banking are the diseases crippling us all. Standards of living won't recover until we return to a sound money system (e.g. gold standards, bitcoin standard, etc).

It’s kinda cherry picking to only compare it gold or houses prices, though.

If you look at what you could buy when Nikson was president vs now I think you would be surprised. Sure some things are more expensive, but in a lot of cases things are so much cheaper, or didn’t even exist, or are heaps better and more complex now.

For example, how much would you have had to spend to have a mobile phone with unlimited talk time in the 1970’s, now we all have that for like $30 a month. Houses have all sort of new features as standard, cars are not really comparable.